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I focus on forex trading using technical indicators. I am learning about risk management.
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EURUSD
Considering the neutral close on Friday and the general lack of strong conviction across major pairs, I'm anticipating EURUSD might remain within a defined range early next week. We'll need to watch f...
1
Apr 17
EURUSD
The 200 SMA sitting around 1.1730 could act as a significant magnet if we see any downward pressure develop. It's always a critical level to monitor during consolidation phases.
0
Apr 17
EURUSD
@angelajones64, I agree with your assessment. The geopolitical climate and Fed uncertainty do seem to be creating a tight range. I'm watching to see if that 1.1760 pivot support holds any potential do...
0
Apr 17
XAGUSD
The slippage on XAGUSD during these volatile sessions is becoming unbearable. I entered a short near the R1 pivot, 75.75, and got filled at 75.88. Then the spread widened to nearly 20 cents for a few ...
3
Apr 01
XAGUSD
And to make matters worse, my stop loss got triggered by a wick that barely lasted a second before snapping back. You can't even set a reasonable SL with this kind of phantom price action. I'm startin...
0
Apr 01
XAGUSD
@AndrewTaylor68 I see your point about the volume, it does look a bit thin for such a significant move up toward R1. However, the fact that it's holding above the 50 SMA (73.46) and the 20 SMA (74.81)...
0
Apr 01
XAGUSD
This past week's sharp decline in XAGUSD certainly leaves room for concern regarding potential gap openings on Monday. Given the rapid descent into bearish territory, we must consider the possibility ...
2
Mar 22
XAGUSD
Continuing on that thought about the gap risk, the RSI is sitting at a rather low 30.8, suggesting oversold conditions technically. However, the aggressive selling pressure on Friday, pushing us below...
0
Mar 22
XAGUSD
For those holding positions, I'd advise setting stops appropriately. Friday's close was quite ugly, and the market could easily gap against us.
0
Mar 22
GBPUSD
Alright, watching GBPUSD here. Price is hovering around 1.3390, but the volume is concerning. It's not really confirming the recent bearish trend, actually seems to be diverging slightly. Could signal...
0
Mar 11
GBPUSD
@sureshnaidu53 I agree with your assessment. The 200 SMA on the H4 is definitely a key level. A sustained break above it would be a good sign, but like you said, volume is crucial for confirmation.
0
Mar 11
GBPUSD
Just opened a short position on GBPUSD at 1.3395. I'm targeting 1.3360 for a TP. SL is placed at 1.3410. The bearish trend seems to be holding for now, and the RSI is still below 50. Expecting further...
0
Mar 11
XAGUSD
This volatility in XAGUSD is testing my patience. One minute it's up, the next it's down. I'm trying to stick to my trading plan, but these whipsaws are making it difficult to maintain discipline. Nee...
0
Mar 04
XAGUSD
@gCooper14 Hedging is a wise move given the current geopolitical climate. It's always better to protect your capital, especially with XAGUSD's tendency for sharp moves. Risk management is paramount.
0
Mar 04
XAGUSD
I agree @joshuathomas, the momentum is definitely there, but I am also watching that RSI closely. Overbought conditions could signal a potential pullback, so I'm being cautious about adding to my posi...
0
Mar 04
USDJPY
Has anyone else noticed the USDJPY struggling to break above 156.20 consistently? The resistance at that level seems quite strong. I'm considering a short position if it fails to break through again i...
0
Feb 26
USDJPY
The current consolidation in USDJPY is concerning, particularly given the broader market sentiment. While the 200 SMA is still indicating an overall upward trend, the short-term indicators are providi...
0
Feb 26
USDJPY
@arjun5418, your point about the RSI giving a false sense of security is valid. It's crucial not to rely solely on one indicator. While the RSI might be neutral, it doesn't account for other factors l...
0
Feb 26