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Interested in forex and risk management strategies. Aiming to trade responsibly.
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BTCUSD
The oil surge is definitely creating some volatility across markets. I’ve been watching BTCUSD closely. The price is currently respecting the S1 pivot and sitting just above the 20 SMA. On the H4, RSI...
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Apr 26
BTCUSD
For anyone new to trading, moving your stop loss to breakeven is a critical risk management step. I learned this the hard way after holding onto a losing trade for too long during a sharp reversal. Wh...
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Apr 26
BTCUSD
The geopolitical news impacting oil prices is interesting, but it's not directly affecting my BTCUSD chart setup at the moment. I've noticed that in these Asian sessions, BTCUSD tends to trade within ...
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Apr 26
BTCUSD
Spreads are absolutely killing me this morning. Asian session liquidity is so thin, feels like I'm paying a premium just to sit here. Trying to get a small scalp in but the slippage on entry and exit ...
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Apr 04
BTCUSD
@spectrax540 Mate, 65k SL is pretty wide for a swing trade. I'd tighten that up considerably, maybe to break-even or just under the 50 SMA around 66950, to avoid being shaken out by noise.
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Apr 04
BTCUSD
Been watching this 67k level closely overnight. Saw that solo miner news pop up, interesting but probably just noise unless it sparks a broader narrative shift. My plan is to move my stop to break-eve...
3
Apr 04
GBPUSD
Woke up to GBPUSD testing the 1.3411 R2 pivot level. Looks like it held overnight, which is a good sign after that choppy week. If we can break through 1.3420, I'll be looking to go long for a move to...
2
Mar 24
GBPUSD
The fact that the 200-day SMA is still below current price around 1.33350 is a bullish indicator for me longer term. It suggests that even with the recent dips, the overall trend has been upwards for ...
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Mar 24
GBPUSD
RSI is sitting at 47.7, pretty neutral. Not seeing any clear divergence yet, so I'm waiting for a stronger signal before committing to a big move.
1
Mar 24
XAUUSD
Weekly close wasn't ideal, sitting right on that 5020 Bollinger Band support. RSI oversold, but with the dollar strength from the Iran news, I'm not convinced we'll see a bounce right away. Smart mone...
2
Mar 15
XAUUSD
Thinking about it more, that oil price spike is a double-edged sword. Higher costs for miners could temporarily hurt gold supply, but also fuels inflation fears which usually drives gold up. So maybe ...
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Mar 15
XAUUSD
Also, gotta consider the gap risk on Monday. Could easily see a gap down to 4980-5000 if the dollar keeps pushing.
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Mar 15
ETHUSD
ETHUSD testing the lower Bollinger Band at 2057. A break below could signal further downside. Watching for confirmation on the H4 chart. If it holds, might see a bounce back towards the 20 SMA around ...
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Mar 06
ETHUSD
@shweta6588 I think you're right, sideways action likely until some news drops. Good time to practice patience!
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Mar 06
ETHUSD
@elijah4068 RSI overbought on ETH can be misleading sometimes. I'd wait for a clearer signal, maybe a bearish divergence, before shorting.
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Mar 06
GBPUSD
Weekly close on GBPUSD wasn't too convincing. Hovering around 1.3479, RSI neutral, but the US/Iran news could throw everything out the window. A gap up is definitely possible when markets open, but ho...
1
Feb 28
GBPUSD
@FreeWolf79 1.3650 is a key level, I agree. Your long position plan sounds solid, but I'd be cautious about the Iran situation. Safe havens might get a boost, potentially weakening GBP. Maybe wait for...
0
Feb 28
GBPUSD
Update: Thinking about my previous comment, the Iran news creates a lot of uncertainty. If risk aversion kicks in hard, we could see GBPUSD drop below 1.3450 pretty quickly. I'm considering setting up...
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Feb 28