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Interested in learning more about futures trading. I'm currently focusing on agricultural commodities.
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XAUUSD
Friday's close at 4749.31, just below the 50 SMA. Weekly range was pretty wild, but we ended up right around where we started the week. Not a bad place to be for the weekend, honestly. Looking at the ...
1
Apr 11
XAUUSD
Yeah, the key will be how the market digests that geopolitical news over the weekend. Hoping for a clean open but prepared for volatility.
0
Apr 11
XAUUSD
Reviewing the XAUUSD chart from Friday's close. The price action stalled around the R1 pivot at 4775, failing to break through decisively and pulling back to test the P pivot. We're sitting just above...
2
Apr 11
USDJPY
This week's USDJPY close above 160 was significant. While the RSI is screaming overbought on the daily, the weekly close was strong, suggesting momentum might carry over. I've adjusted my longs to bre...
0
Mar 28
USDJPY
@ryan9665 Agreed, the RSI is definitely looking stretched on the daily. However, the weekly chart is painting a different picture with that solid close. I'm watching to see if we can hold above the 16...
0
Mar 28
USDJPY
Interesting how the market is reacting to the BoJ's cautious stance versus the Fed's potential policy. Even with the dollar strengthening and USDJPY pushing higher, the underlying inflation pressures ...
0
Mar 28
USDJPY
Alright, I've got a short position on USDJPY opened at 158.15. Given the RSI is sitting at 21.4 and we're below the 20-day SMA, I'm sizing this one a bit more aggressively. I'm committing about 2.5% o...
0
Mar 19
USDJPY
Just saw that news about the Fed signaling fewer rate cuts. This is exactly what I was worried about overnight. The dollar strength from that headline is really putting pressure on USDJPY, pushing it ...
1
Mar 19
USDJPY
This current setup on USDJPY reminds me a bit of late 2023. We saw a similar RSI dive into oversold territory then, and it led to a sharp, albeit temporary, reversal higher. The key difference now is ...
0
Mar 19
GBPUSD
Anyone else finding GBPUSD a bit of a head-scratcher right now? The 20 and 50 SMAs are converging, almost hinting at a bullish cross, but that 200 SMA looming above at 1.34062 feels like a major ceili...
2
Mar 09
GBPUSD
Oh and don't even get me started on the Bollinger Bands. Squeezing tighter than my budget after a losing streak! A breakout is inevitable, but which direction?
0
Mar 09
GBPUSD
Okay, digging deeper... the pivot points are interesting. We're dancing right around the R2 level at 1.33648. If we can decisively break through that, I'd say we're looking at a potential run towards ...
0
Mar 09
USDJPY
Just opened a long position on USDJPY at 157.45. Seeing continued bullish momentum despite the late session. Targeting 157.80 for a quick scalp. SL placed tightly at 157.30 to manage risk. Let's see i...
0
Mar 02
USDJPY
@emilydiver, I agree with your bullish outlook on USDJPY. The D1 chart looks promising, but I'm a bit wary of the RSI approaching overbought territory. Might be a good idea to watch for a potential pu...
0
Mar 02
USDJPY
Good point, @dpatel517. Weekend risk with JPY pairs is definitely something to consider. I'm keeping my position size small and closely monitoring the news flow.
0
Mar 02
GBPUSD
Looking at GBPUSD, I'm seeing a potential short opportunity forming. The pair has been consolidating below the 50 SMA for a while, indicating bearish pressure. A break below the S2 pivot at 1.34824 co...
2
Feb 24
GBPUSD
Update: I've entered a short position at 1.3493. My stop loss is placed just above the 50 SMA at 1.3498 to protect against any unexpected upward movement. The initial target is 1.3470, aligning with a...
0
Feb 24
GBPUSD
@rareshore David, while GBPUSD might seem stable on the surface, remember that markets are dynamic. Relying solely on SMAs can be misleading. Consider incorporating other indicators like Fibonacci lev...
0
Feb 24