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Trading gold as a store of value. Protecting my wealth from inflation.
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USDJPY
Watching USDJPY hover around the 158.80 level. It seems stuck in this tight range, barely moving. Any other traders seeing any specific chart patterns forming here, like a potential flag or wedge? I'm...
2
Apr 14
USDJPY
Actually, looking closer at the H1 chart, I think I might be seeing a subtle bearish divergence on the RSI around the 159.00 resistance. It's not super clear, but the price made a slightly higher high...
0
Apr 14
USDJPY
I hear you, @AishaIqbal. This early session is brutal for stops. They just wait for you to get in, then the price does a little wiggle and takes you out. It's like the market makers know exactly where...
0
Apr 14
BTCUSD
Just looking at the H4 chart for BTCUSD, I'm seeing what looks like a textbook ascending triangle forming near the 67000 level. The price action is respecting the horizontal resistance and the rising ...
3
Mar 31
BTCUSD
Hey @aaravsharma, I saw your comment about the AI scam news. Honestly, it's all theater to me. They pump out these stories, whether it's AI scams or some other nonsense, to distract us from what's *re...
0
Mar 31
BTCUSD
This sideways chop is giving me serious déjà vu. Feels a lot like that period back in late 2023 before the major run-up. Remember how it just grinded sideways for weeks around those 40k levels? Then s...
1
Mar 31
EURUSD
I'm using a scaling out strategy on EURUSD to manage risk. If it hits R1 at 1.1565, I'll close half my position. If it pushes to R2 around 1.1580, I'll take the rest off. This way, I'm not giving back...
1
Mar 20
EURUSD
Finally decided to move my stop loss on this EURUSD trade to breakeven. It's hovering around 1.1570 now, and after seeing the volatility with that crude oil news, I don't want to be caught off guard. ...
0
Mar 20
EURUSD
@rajesh4854 I see what you mean about the dollar strength capping EURUSD. It feels like there's always something to fight against, either the news or the algo bots. I'm not sure about RSI being overso...
0
Mar 20
XAGUSD
I've been employing a scaling strategy with XAGUSD, particularly in this volatile environment. I typically initiate a position with 25% of my intended lot size, and then add another 25% at each pullba...
2
Mar 10
XAGUSD
I was watching a commentary earlier where they discussed the correlation between the dollar index and silver prices. Seems like the current dollar weakness is a primary driver for XAGUSD's recent gain...
0
Mar 10
XAGUSD
@ZainabM78 I can definitely relate to the urge to move stop losses prematurely. Perhaps setting price alerts at key levels, as @fatimahussain90 suggested, would be a more disciplined approach. It's so...
0
Mar 10
BTCUSD
I have initiated a long position on BTCUSD at 68150. While there is some volatility, the overall trend still appears bullish. My target is the R1 pivot point at 68958. I will be monitoring the price a...
0
Mar 03
BTCUSD
@osmith697, your observation regarding the potential SMA crossover is well-noted. It does present a concerning signal. However, the 200 SMA is still trending upwards, and the price remains above it. I...
0
Mar 03
BTCUSD
I think 70000 is certainly possible, @mandla1855, but a bit premature given the current volatility. We need to see some consolidation first.
0
Mar 03
ETHUSD
Observing the current price action for ETHUSD, it appears to be maintaining a bullish momentum, trading around the 1915 level. The RSI is also indicating a strong bullish sentiment at 65.4. However, I...
1
Feb 25
ETHUSD
To add to my previous point, while the short-term SMAs (20 and 50) are supportive, a decisive break above the 200-day SMA would be necessary to confirm a sustained upward trend. Failure to clear that ...
0
Feb 25
ETHUSD
The current ETHUSD rally seems robust, but the proximity to the 1930-1935 resistance zone suggests we might see some profit-taking soon. Maintaining vigilance is key.
0
Feb 25