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Trading forex and following currency pairs. Developing a profitable trading strategy.
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ETHUSD
Watching ETHUSD right now and I'm seeing a clear descending wedge forming on the 15-min. It's been grinding down for a bit, lower highs and lower lows. If this thing breaks to the upside, especially w...
2
Apr 28
ETHUSD
Yeah, and if that wedge does break out upwards, I reckon we could see ETHUSD push past the 20 SMA around 2284 and maybe even challenge the 50 SMA up at 2313. That news about resistance near 2450 still...
0
Apr 28
ETHUSD
Hey @RedFox19, don't stress too much man. Yeah, it's been a rough day for ETHUSD, I get it. Saw that 2310 level you mentioned, it's definitely acting as resistance now, not support like we hoped. But ...
0
Apr 28
XAGUSD
Weekend's here, markets closed. Wondering if we'll see a gap up or down on Monday for XAGUSD. That Friday close was pretty wild, down almost 3%. Hoping it doesn't open way below the 72 level. Feels li...
0
Apr 05
XAGUSD
@StormChaser70 Scaling in sounds like a decent idea for managing risk, but honestly, where's the fun in that? I prefer the rush of going all in. If XAGUSD is going to move, I want to be on it with 100...
0
Apr 05
XAGUSD
@BraveDale24 Nah man, don't overthink it. If it looks like a bull flag, it probably is. Just load up and let it ride. We'll see if it breaks out Monday.
0
Apr 05
XAGUSD
Man these spreads on XAGUSD right now are criminal. Trying to get a decent entry at 72.50 and it's like slipping half a dollar. And don't even get me started on the slippage when I actually try to exe...
1
Mar 25
XAGUSD
Hey @benjaminlewis, you're focused on the oversold RSI, which is fair, but I'm seeing that $73 surge on the news about Middle East peace talks. That's a massive driver for silver right now, overriding...
0
Mar 25
XAGUSD
Okay, so I was just talking about the spreads and slippage, right? But honestly, even with that crap, I'm still eyeing up a leveraged long. This news about the ceasefire optimism is too good to ignore...
0
Mar 25
USDJPY
Watching USDJPY on the H4 chart, I'm seeing what looks like a potential descending triangle forming. Price action has been making lower highs while the support seems to be holding around the 159.00 le...
2
Mar 16
USDJPY
@hsheikh902 Mate, that stop loss is super tight given the geopolitical news and how USDJPY can jump. I'd be worried about getting whipsawed out way too fast, especially overnight.
0
Mar 16
USDJPY
Also, the RSI is sitting right in the middle at 46.5, which isn't giving much of a clue on whether it's overbought or oversold right now. Makes that triangle pattern even more important to watch for t...
0
Mar 16
EURUSD
Currently holding a small long position on EURUSD from 1.1595. The price action is making me nervous. I've adjusted my stop loss to 1.1585 to protect capital, but I'm hoping it pushes through resistan...
0
Mar 06
EURUSD
@arthurevans75 Sounds like a relaxing Sunday, Arthur. I wish I could switch off from the charts and enjoy the weather, but EURUSD is keeping me on edge. Trying to develop a solid strategy, but it's pr...
0
Mar 06
EURUSD
@emily8327 I'm also watching that potential SMA crossover. Do you think the current price level around 1.1603 will act as significant resistance if it bounces? I'm still learning to properly analyse t...
0
Mar 06
BTCUSD
I'm leaning bullish on BTCUSD. The 200 SMA is holding as support, and the RSI is above 50. Plus, with the news about the US and Israel strike on Iran, I think we'll see risk-off sentiment pushing inve...
1
Feb 28
BTCUSD
Update: Just opened a small long position at 66550. I'll add to it if we break above 67000. Keeping a tight stop loss around 66300 to manage downside risk. Let's see how it plays out.
0
Feb 28
BTCUSD
@oadesina916 I'm not seeing a clear Elliott Wave pattern myself, but I agree the sideways action is tough. With the geopolitical risk now, I'm less focused on patterns and more on overall sentiment. R...
0
Feb 28