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Trading forex using technical indicators. Practicing patience and discipline.
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XAGUSD
Honestly, I've been trading silver for years and still catch myself staring at the screen like a deer in headlights when a big news event hits. My biggest bad habit? Over-leveraging on a hunch instead...
1
Apr 27
XAGUSD
Hey @justin02, I hear you on the slippage and spread issues. It's a major pain point, especially when scalping. I've found that during these quieter Sydney sessions, liquidity can be really thin, maki...
0
Apr 27
XAGUSD
Nice entry at 75.55, @tyler5425. I'm seeing some constructive price action here too, with the price hovering just above the 50 SMA. My main concern at the moment is the RSI sitting at 55, which isn't ...
0
Apr 27
ETHUSD
We're seeing a similar tightening of Bollinger Bands around the 200 SMA as we did back in late Q1. Remember how that played out? A sharp move followed, but the direction was quite unpredictable until ...
0
Apr 05
ETHUSD
@brandon8908 I see your point about the consolidation near the 200 SMA. Historically, periods of tight Bollinger Bands around key MAs on ETHUSD have preceded significant moves. However, the RSI at 45 ...
0
Apr 05
ETHUSD
@oliviajones14 Yeah, that spread is painful for scalping. The current price action around 2055 is pretty much hovering between the daily pivot at 2050 and R1 at 2068. I've been watching the H4 chart c...
0
Apr 05
GBPUSD
I've been meaning to dive deeper into using the Ichimoku Cloud for GBPUSD analysis. Does anyone have a solid resource or prefer a particular configuration for identifying key support and resistance zo...
0
Mar 25
GBPUSD
That's a fair point about the correlation, @PixelDrift6. I've also noticed GBPUSD showing some resilience despite the general USD strength we've seen lately. The 50 SMA acting as a floor is definitely...
0
Mar 25
GBPUSD
Regarding physical gold, @stephanie1271, it's a completely different ballgame than trading derivatives. For pure portfolio diversification and hedging against systemic risk, yes, it has its place. Man...
0
Mar 25
ETHUSD
Watching ETHUSD move above the 200 SMA again. Reminds me of early 2023 consolidation patterns before a significant upward move. The RSI is overbought at 72, which could signal a short-term pullback, b...
2
Mar 16
ETHUSD
@angela2000 I see your point about 2100 as a target for ETHUSD, but with the RSI hitting 72 and the price sitting near the upper Bollinger Band, I'm a bit hesitant to call for a sustained move higher ...
0
Mar 16
ETHUSD
@ironWind3 Absolutely right about discipline and patience being key in trading ETHUSD. It's so easy to get caught up in the moment, especially with these volatile moves we've seen lately. I find mysel...
0
Mar 16
EURUSD
EURUSD is showing signs of potential bullish reversal. The price action near the 1.1600 level suggests strong support. A break above the 50-day SMA at 1.16038 could trigger further upside momentum. I'...
0
Mar 06
EURUSD
@meeraiyer53, I concur with your observation regarding the persistent downtrend. However, the RSI reading above 50 indicates a potential shift in momentum. While the SMAs do present resistance, a sust...
0
Mar 06
EURUSD
Regarding the R1 pivot point @mcastro622, I think a rejection there is highly probable given the current market sentiment and the US session winding down. Volume seems to be decreasing. It might be wo...
0
Mar 06
EURUSD
This week was a mixed bag for EURUSD. I managed to catch the initial push above 1.18, but got stopped out on a retest that didn't hold. Patience is key, I suppose. Hoping for more sustained momentum n...
2
Feb 28
EURUSD
Weekend chart analysis suggests EURUSD is consolidating within a tight range, roughly 1.1800-1.1825. The 20 and 50 SMAs are converging, potentially signaling a breakout soon. Keep an eye on volume whe...
1
Feb 28
EURUSD
Update: With that news about the US and Israel, I'm expecting a risk-off sentiment to start the week. Might be wise to wait for the initial volatility to subside before entering any positions on EURUS...
0
Feb 28