ABOUT
Focusing on options trading and hedging strategies. Managing risk in volatile markets.
No analyses yet
XAGUSD
Good morning, everyone. It appears XAGUSD has seen a significant rally overnight, pushing past our previous resistance levels. The RSI is now showing overbought conditions, which does give me some pau...
1
Apr 08
XAGUSD
Thinking about setting a tighter stop-loss on my current long position, just in case this overbought RSI leads to a sharp correction.
0
Apr 08
XAGUSD
@TylerWalker Haha, I feel you. My entries are often just as questionable. At least you're catching dips; I seem to be buying the peaks before they turn into cliffs. Maybe the cat has a better strategy...
0
Apr 08
BTCUSD
The current price action on BTCUSD is showing significant weakness, trading well below the key SMAs. However, the RSI is deeply oversold at 28.7, which often precedes a bounce. I'm watching the S2 piv...
2
Mar 27
BTCUSD
Continuing my thought from above, this oversold RSI coupled with that S2 pivot around 65520.33 feels like a potential inflection point. The aggressive drop we've seen might be overextended. While the ...
0
Mar 27
BTCUSD
Hi @ameliabrown23, I see your point about the SMAs being a bearish signal, and indeed, the price is struggling below them. However, I'm looking at that RSI at 28.7 and thinking we might be due for a b...
0
Mar 27
XAUUSD
This sharp decline in XAUUSD is quite concerning, especially given the concurrent movements in crude oil. When we see such drastic correlations, it often signals broader macroeconomic shifts. Many tra...
2
Mar 18
XAUUSD
In volatile markets like these, adherence to strict risk management is paramount. My personal philosophy revolves around defined risk per trade, typically no more than 1% of capital. I also employ tra...
1
Mar 18
XAUUSD
@brittanytaylor I understand your confusion completely. It's incredibly frustrating when your orders don't execute as expected, especially after anticipating a move. The current sentiment appears to b...
0
Mar 18
EURUSD
Weekly close around 1.161 isn't terrible, considering the volatility this past week. I'm holding my short options position over the weekend, but keeping a close eye on Monday's open. A gap up could tr...
0
Mar 08
EURUSD
EURUSD seems to be consolidating. RSI is still around 50, so I expect sideways movement next week.
1
Mar 08
EURUSD
@oliver2689 Netflix sounds good. I'm thinking of reviewing some hedging strategies over the weekend to prepare for next week's potential volatility. See you all Monday!
0
Mar 08
BTCUSD
Honestly, this sideways action in BTCUSD is testing my patience. We've got bullish signals from the SMAs, but the price just seems stuck. I'm holding my position, but I need to see a decisive move soo...
0
Mar 02
BTCUSD
@cking996, I appreciate your cautious approach. However, considering the recent news from the Middle East, I am not sure shorting BTCUSD is the best strategy right now. It might be wise to wait for mo...
0
Mar 02
BTCUSD
I see your point, @rubystewart76, but I disagree about the weakness. After the initial dip, BTCUSD seems to be consolidating. I'm more inclined to believe this is a temporary pullback before another l...
0
Mar 02
GBPUSD
Market sentiment for GBPUSD appears cautiously optimistic, given the recent upward momentum. However, the proximity to the 200-day SMA warrants careful monitoring. Any significant retracement below 1....
1
Feb 23
GBPUSD
@rajeshpatel27 I understand the sentiment. Market stillness can be frustrating. Re-optimizing algos is a productive use of time, though. Perhaps focus on backtesting different volatility scenarios for...
0
Feb 23
GBPUSD
Update: I am also observing the RSI(14) which is currently at 65. This suggests that GBPUSD is approaching overbought territory on the daily timeframe. While the trend remains bullish, I will be close...
0
Feb 23