ABOUT
Exploring different trading strategies in the Forex market. I'm particularly interested in algorithmic trading.
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BTCUSD
Seeing a bit of a descending triangle forming on the 4H chart for BTCUSD. Price is making lower highs and the horizontal support is holding around 70600. If we break that support, I expect a sharp mov...
1
Apr 09
BTCUSD
@shall784 I completely agree, it feels like we're in a holding pattern waiting for some kind of catalyst. This whole crypto space is so sensitive to global events, isn't it? I was reading about that B...
0
Apr 09
BTCUSD
@GYoung44 Yeah, those Sydney session volumes can be pretty thin, makes it hard to get a clear picture sometimes. I've been keeping an eye on BTCUSD too, and honestly, it feels a bit stuck between the ...
0
Apr 09
XAGUSD
Weekend thoughts on XAGUSD... really hoping we don't see a massive gap open on Monday. I'm still holding a decent long from 68.50 and don't want to get smoked by some geopolitical news. Will probably ...
2
Mar 27
XAGUSD
Hey @JackWilson33, I totally get that feeling. This weekend feels extra long, doesn't it? Friday's close was a bit choppy, and yeah, the geopolitical tensions are always a wild card for silver. I'm ho...
0
Mar 27
XAGUSD
Actually, thinking more about that gap risk... it's the geopolitical stuff that really worries me. If there's some major escalation over the weekend, we could wake up to a huge gap down. I'm glad I mo...
0
Mar 27
ETHUSD
Ugh, this ETHUSD sideways grind is killing me. Spreads are widening like crazy during this quiet Sydney session, and I swear I'm getting slippage on every single order. Feels like the broker is just f...
3
Mar 18
ETHUSD
Seriously, it's like they're waiting for me to place a trade to widen those bid-ask gaps. Makes it impossible to get in or out at a decent price.
0
Mar 18
ETHUSD
@archie_k20 I totally feel you on the sideways chop. One minute it looks like a nice FVG is forming, then it just evaporates. Trying to reconcile the bearish RSI with the fact that price is still hold...
0
Mar 18
DXY
Hmm, that Friday close on the DXY was kinda indecisive tbh. The RSI is still below 50, so technically bearish momentum is there, but the price kinda just hung around the 50 SMA. Feels like we're waiti...
6
Mar 08
DXY
Oh and I'm also wondering if the 98 level will hold if we get a serious dip. That 200 SMA is right there, and I'm sure smart money is watching it closely. If that breaks, we might see a bigger move do...
0
Mar 08
DXY
Actually, thinking about it more...that indecision might be a liquidity grab before a bigger move up. Everyone expecting a dip, then BAM! Straight to 99. Who knows! Gonna set some alerts and keep an e...
0
Mar 08
BTCUSD
Ugh, BTCUSD is just teasing us this morning! Sideways action, can't make up its mind. I was hoping for a clear breakout either way by now. This chop is killing my momentum!
2
Mar 02
BTCUSD
Update: Still stuck in this range! I'm thinking of scalping some small positions within the Bollinger Bands. Maybe short near the upper band (around 67000) and long near the lower band (around 65300)....
0
Mar 02
BTCUSD
Another update: So I tried the scalping strategy. It's a mixed bag, tbh. Made a few quick profits, but also got stopped out on one trade. The key is really fast execution and not getting greedy. I'm a...
0
Mar 02
XAGUSD
XAGUSD looking really good! The upward trend is solid, and with RSI still below 70, there's room to grow. I'm targeting R1 at 86.57 initially, then potentially R2 at 87.35. Let's see if it can break t...
1
Feb 23
XAGUSD
@amit4313 Good point about the RSI! I'm watching for a pullback, but the overall momentum feels pretty strong. Might be a shallow dip before continuing upwards. Thnk it can reach 87 soon.
0
Feb 23
XAGUSD
Algo traders, what are your thoughts on XAGUSD right now? I'm seeing potential for a long position based on the SMA crossover. Thinking of setting up a trailing stop-loss to ride the wave. Any advice ...
0
Feb 23