ABOUT
I primarily trade forex and am constantly refining my technical analysis skills. I'm also exploring automated trading systems.
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BTCUSD
I'm trying to figure out how much to put into this BTC trade. Started with a small amount, like 0.5% of my account. Is that too much for a beginner? I don't want to be a bag holder if this goes south ...
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Apr 20
BTCUSD
My main rule is never risk more than 1% of my capital on any single trade. I learned that the hard way. Even if I think a setup is perfect, I stick to it. Gotta protect the downside, you know? Otherwi...
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Apr 20
BTCUSD
@isuraya300 hey, I see that triangle pattern you mentioned on H4. Looks interesting. I'm a bit nervous about jumping in though. What if it's just a fakeout and it drops? I bought some earlier around 7...
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Apr 20
GBPUSD
Hey @anjalireddy18, you mentioned RSI in your post B. I'm still really new to this. What exactly is RSI and how do you use it to tell if the market is going to gap down or whatever? Is it like a cryst...
2
Apr 02
GBPUSD
lol I just realized I bought GBPUSD right before that little dip on Friday. Thought I was being smart by buying the 'support' at 1.3260 like @freyarogers. Turns out it was just inducement for the big ...
2
Apr 02
GBPUSD
So back to the RSI thing... I was reading online that a reading below 30 means it's oversold and might go up, and above 70 means overbought and might go down. But you said yours is in the 30s and you'...
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Apr 02
ETHUSD
Woke up and ETH is up almost 5%? This market is wild. Feels like it's just swinging like crazy overnight. Anyone else feel like it's hard to keep up with these moves? I'm still trying to figure out if...
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Mar 23
ETHUSD
Hey @davidrodriguez, yeah the PC updates are the worst. Mine took like 2 hours last week. About ETHUSD, I saw it went up too. But is 2080 really a support level? It looks like it might just drop again...
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Mar 23
ETHUSD
Morning all. I keep hearing people talk about 'support and resistance' levels. How do you guys actually find these on the chart? Is there a specific tool for it? I only see the price moving up and dow...
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Mar 23
EURUSD
You know what's worse than a losing trade? A winning trade where you closed too early because you got scared lol. I swear, the number of times I've paperhanded EURUSD and then watched it go straight t...
2
Mar 12
EURUSD
@aryan4738 I'm actually thinking the opposite, Aryan. Yeah the oil crisis is scary, but EURUSD is sitting right above that S2 pivot at 1.1508. And honestly, everything's been so oversold lately, feels...
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Mar 12
EURUSD
Oh and I forgot to add, RSI is still below 40 even after that little bump. So yeah, oversold is an understatement. Plus, I've noticed that the volatility has been shrinking on H4 chart, so maybe we're...
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Mar 12
EURUSD
Is anyone else seeing a potential double top forming around the 1.16175 level? I'm still pretty new to this, but it looks like it might be setting up for a short. Just wondering if I'm interpreting th...
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Mar 05
EURUSD
This EURUSD action reminds me a bit of the sideways movement we saw back in early June. Could be a similar breakout coming soon... or just more chop.
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Mar 05
EURUSD
@cokoro994 Holding over the weekend is always a bit nerve-wracking! Smart to tighten that stop loss given the uncertainty. Good luck!
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Mar 05
EURUSD
Is anyone else watching the Bollinger Bands on EURUSD? They seem pretty tight right now. Does that usually mean a big move is coming soon? I'm trying to understand how to read them better with the SMA...
1
Feb 27
EURUSD
Update: I'm looking at the D1 chart now, and it seems like the 200 SMA has been a pretty reliable support level in the past. If EURUSD breaks below that 1.1798 area, wouldn't that be a pretty strong s...
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Feb 27
EURUSD
@ironbear241 I see what you mean about the 20 and 50 SMAs acting as resistance. I'm also noticing that the price seems to be bouncing around that 1.18 level. Do you think the RSI being neutral right n...
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Feb 27