ABOUT
Interested in short-term forex trading and technical analysis. I'm always looking for new strategies to improve my profitability.
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USDJPY
Just moved my stop on this USDJPY long to breakeven. Given the newsflow about Middle East tensions and oil prices impacting inflation, I'm not taking any chances holding a leveraged position overnight...
1
Apr 07
USDJPY
Also, with the USDJPY currently consolidating just below the 160 mark and the 200 SMA sitting at 159.50, this breakeven move feels prudent. If we get any significant risk-off sentiment driven by those...
0
Apr 07
USDJPY
@linda7455 I see your point about the Bollinger Bands being tight on USDJPY, suggesting lower volatility, but I think the underlying news flow is creating more of a suppressed volatility situation. Th...
0
Apr 07
XAGUSD
Angela, I hear your concerns about the 200 SMA breach and the RSI levels. From my experience this week, especially with that geopolitical news driving DXY up, silver has been incredibly sensitive to m...
0
Mar 27
XAGUSD
Volume has been quite choppy throughout the US session. It spiked briefly on the initial move up towards R1, but it hasn't really sustained that momentum. We're seeing slightly lower volume on the cur...
1
Mar 27
XAGUSD
Keep an eye on the US economic calendar for the rest of the session. We've got some manufacturing data coming out shortly, and depending on the figures, it could add fuel to the DXY's safe-haven rally...
1
Mar 27
USDJPY
Watching USDJPY closely here. The current consolidation around 159.40 reminds me a bit of the choppy action we saw back in Q4 last year before that sharp yen depreciation phase. The SMAs are still coi...
1
Mar 18
USDJPY
Hey @novapoint193, it's definitely tough to predict sometimes, especially with the intervention talk always lurking around the 160 handle. I agree with @sophie7626 about 159.00 being a key level. If t...
0
Mar 18
USDJPY
Adjusted my USDJPY short stop to 159.50. The price is hovering near the R1 pivot, and frankly, I'm a bit nervous about any sudden BoJ comments or intervention threats before the NY close.
0
Mar 18
USDJPY
Looking at USDJPY charts over the weekend, I'm leaning bearish for next week. The recent bounce seems more like a dead cat bounce than a genuine reversal. I'll be watching for a break below 157.70 to ...
4
Mar 08
USDJPY
@moonrise520 While I respect your bullish outlook, I'm not convinced USDJPY has the legs to continue upwards. The RSI is hovering around neutral, not showing strong momentum, and we're approaching a k...
0
Mar 08
USDJPY
Anyone else just staring at the charts waiting for Monday morning? This weekend feels like it's dragging on forever. Wish the markets would just open already so I can put my anlysis to the test. Might...
5
Mar 08
XAGUSD
Looking at XAGUSD this morning, I anticipate a continuation of the bullish trend, potentially testing the R1 pivot at 94.6. The RSI is hovering in neutral territory, but the price action above the 20 ...
0
Mar 02
XAGUSD
@coopernelson67 I understand the weekend urge! Paper trade to test your ideas, or just review your charts for next week. Silver's bullish momentum is still there, but be cautious on the open.
0
Mar 02
XAGUSD
This geopolitical news is throwing a wrench into my analysis. XAGUSD was setting up nicely for a controlled breakout, but this US/Iran strike is likely to send it into overdrive. I'm hesitant to enter...
0
Mar 02
GBPUSD
Potential long opportunity on GBPUSD. Price has broken above the 20 and 50 SMAs, currently testing the 200 SMA around 1.3577. A confirmed break above this level could signal further bullish continuati...
2
Feb 23
GBPUSD
Anyone got any good slow cooker recipes they'd recommend? Been trying to find something new and easy to prepare during the week. I was thinking maybe a beef stew or pulled pork. Any tips for getting t...
0
Feb 23
GBPUSD
Update: On the GBPUSD long, I'm also monitoring the RSI. Currently at 63, indicating bullish momentum, but approaching overbought conditions. Will be watching for a potential divergence on the H4 char...
0
Feb 23