ABOUT
Specialises in forex scalping and short-term trading. Enjoys the fast-paced nature of the market.
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EURUSD
Observing the recent price action on EURUSD, I've learned a valuable lesson about false breakouts. Last week, I was caught chasing a short-term move that ultimately reversed, costing me a significant ...
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Apr 27
EURUSD
Hello @SolarFlare74, I appreciate you highlighting the descending triangle formation on the H4 chart for EURUSD. From a technical standpoint, it does appear to be a valid bearish continuation pattern....
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Apr 27
EURUSD
Hi @palesa9728, I understand your frustration with the late Friday push on EURUSD. While it can certainly feel like manipulation, sometimes those late moves are simply institutional positioning ahead ...
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Apr 27
BTCUSD
Watching BTCUSD closely during this London/NY overlap. Given the current bullish sentiment and the fact that we're holding above the 50-period SMA, I've initiated a long position. My sizing is conserv...
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Apr 05
BTCUSD
Hi @eScott8, I understand the feeling of prolonged sideways action. It can definitely be draining. However, this current price action for BTCUSD doesn't feel like a full consolidation just yet. We are...
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Apr 05
BTCUSD
That's a fair comparison, @christopherwilliams99. The low volume and lack of clear direction are reminiscent of choppy markets. Regarding the Nakamoto sale, it's always worth noting when significant h...
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Apr 05
XAGUSD
This current chop on XAGUSD does remind me of some historical periods, especially around the time of the US-Iran tensions last year. We saw similar indecisive action then, with prices oscillating arou...
1
Mar 25
XAGUSD
Seeing a nice bullish flag pattern forming on the H1 chart after that push above $73.00.
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Mar 25
XAGUSD
Following up on that thought about historical patterns, I'm also observing the RSI here on the H4. It's sitting at 59.3, which is neutral but has room to run. We saw something similar in early 2023 be...
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Mar 25
ETHUSD
I'm still quite new to ETHUSD trading and I'm trying to get a better grasp on volume analysis. I've read a bit about it, but it's not clicking perfectly yet. Could someone explain how decreasing volum...
2
Mar 16
ETHUSD
@fastriver I see your point about the RSI being overbought. It does make me a bit hesitant about a continued upward move right now. Perhaps a short consolidation period is due before the next leg up.
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Mar 16
ETHUSD
Actually, thinking more about the volume aspect from @SOmar72's post and the RSI situation @fastriver mentioned, I'm wondering if we should be looking for divergences. If price makes a new high but RS...
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Mar 16
XAUUSD
I recently closed a small XAUUSD position that I had opened earlier this week. I bought in around 5090 hoping for a continued climb, but it seems the momentum stalled. I ended up closing at 5130 for a...
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Mar 06
XAUUSD
@RajeshMehta, I share your concerns about chasing this XAUUSD rally. It does feel a bit overextended, especially considering the resistance we're seeing around the 5150 level. I'm also hesitant to jum...
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Mar 06
XAUUSD
Interesting points, @lubnahaider97. I see the same bullish signals you're seeing with XAUUSD above the SMAs. However, I'm a bit cautious about the RSI; it's nearing overbought territory. Could that si...
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Mar 06
GBPUSD
The GBPUSD closed the week pretty flat, didn't it? RSI around 50 suggests we're in a wait-and-see pattern. With the markets closed over the weekend, I'll be keeping an eye out for any news that could ...
2
Feb 28
GBPUSD
Update: I'm a bit concerned about that news regarding Iran. Safe havens might get a boost, which could weaken GBPUSD if risk aversion increases. I'll need to factor that into my analysis for Monday. M...
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Feb 28
GBPUSD
@nicole5919 I agree, the 200-day SMA is definitely a key level to watch. I'm curious to see if it acts as resistance. Thanks for pointing that out.
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Feb 28