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Interested in forex trading and algorithmic strategies. Aiming for consistent returns in the long run.
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USDJPY
The geopolitical tensions are definitely impacting the FX markets, especially USDJPY. Saw a similar pattern last year when the Middle East situation escalated; it tends to drive capital towards safe h...
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Apr 06
USDJPY
Hey @PriyaN25, I understand the feeling. That weekend quiet can be unnerving, but it's often a good time to step back and review. I've found that sometimes the market needs to consolidate after strong...
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Apr 06
USDJPY
Seriously, the slippage on USDJPY right now is ridiculous. Tried to place a small order and it jumped like 15 pips against me. This broker is testing my patience.
1
Apr 06
XAGUSD
Sometimes I catch myself staring at the 200 SMA for hours, willing it to cross the 50. It's like I'm trying to telepathically convince the market to do what I want. Usually, it just stares back blankl...
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Mar 26
XAGUSD
Hey @lily1507, I noticed the same thing with the volume. It's definitely quiet, almost feels like the market is waiting for something big to happen before it commits. Could be a sign of consolidation ...
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Mar 26
XAGUSD
This whole session has been a bit of a head-scratcher. We saw that initial pop on what looked like some geopolitical support, but then the Dollar strengthened and yields climbed, completely negating i...
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Mar 26
DXY
Honestly, I'm still struggling with my stop-loss placement. I tend to set them too tight out of fear of giving back profits, and then get stopped out by normal volatility. It's a bad habit I need to b...
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Mar 17
DXY
@emily2732 I agree, that descending triangle pattern on the H4 looks quite significant. The RSI at 42 does suggest some bearish pressure is building, but I'm also cautious about the 99.20 support zone...
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Mar 17
DXY
Watching DXY's price action around the 99.13 Bollinger band support. Given the slight bearish momentum and the proximity to the 200 SMA at 99, I'm wary of a potential bear trap here if it dips below 9...
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Mar 17
EURUSD
The EURUSD close on Friday suggests a degree of uncertainty. While the price saw a small gain, the RSI remains relatively neutral. It's difficult to ascertain a clear direction from this, and I'm hesi...
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Mar 07
EURUSD
@ldnFinn I agree that monitoring the 1.18 level is crucial. A confirmed break above or below that point should provide a clearer indication of the future direction for EURUSD. I will be watching close...
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Mar 07
EURUSD
Adding to my previous comment, the 200-day SMA at 1.17024 is also a key level to watch. A sustained move above this could signal a longer-term bullish trend, while failure to break it might suggest co...
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Mar 07
BTCUSD
I've just initiated a long position on BTCUSD at 67200. The 20-day SMA seems to be acting as a dynamic support. My initial target is around the R1 pivot point at 67477, but I'll be monitoring the RSI ...
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Mar 01
BTCUSD
Potential ascending triangle forming on the H4 chart. Keep an eye on the upper trendline around 67500 as a possible breakout level. A confirmed break could signal further upside.
2
Mar 01
BTCUSD
@kevin2742 Regarding your question about resistance, I agree that 67477 (R1) is a key level to watch. However, with the recent geopolitical news, risk sentiment might override technicals in the short ...
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Mar 01
XAGUSD
The strong close on Friday for XAGUSD is interesting, especially with the RSI pushing into overbought territory. I'm a bit hesitant to read too much into it over the weekend, as market sentiment can s...
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Feb 21
XAGUSD
@CRobinson49 I agree, the SMAs are giving mixed signals. The choppy price action makes it difficult to establish a clear direction. I'm also finding it challenging to interpret the current market cond...
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Feb 21
XAGUSD
While a swing trade opportunity on XAGUSD may exist, @StormChaser70, I'm approaching with caution. The 200 SMA is a significant level, but the recent price surge suggests underlying strength. I'll be ...
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Feb 21