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DXY
Watching the DXY volume here during the New York session. It picked up a bit around the 97.90 level, but it's not particularly strong. Doesn't feel like it's really confirming a strong bullish push, m...
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Apr 16
DXY
Hey @EvelynT83, I see what you mean about the DXY feeling stuck. That 20 SMA on the hourly chart is definitely a key resistance point around 97.84. The fact that it’s consolidating there, even with so...
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Apr 16
DXY
You're absolutely right, @mkhan882. This market has been incredibly dry this morning. The DXY is just milling about in a tight range. I agree, patience is key, especially when you're daytrading. Forci...
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Apr 16
BTCUSD
The market feels extremely choppy right now, lots of whipsaws on the hourly. Hard to get a clear read, volume is decent but there's no sustained momentum in either direction. It's that classic overbou...
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Apr 01
BTCUSD
Hey @ghall194, I totally get your caution after yesterday. This volatility is no joke, and reducing position size is a smart move when the trend isn't clear. I've been watching that FVG area around 68...
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Apr 01
BTCUSD
Just entered a long position on BTCUSD around 68600. The price is holding nicely above the 50 SMA and the R1 pivot. I've set my initial TP at 69000, which is just shy of the R2 pivot, and my SL is jus...
3
Apr 01
ETHUSD
I've been seeing a lot of talk about Ichimoku Kinko Hyo lately on various platforms. Does anyone here regularly use the Ichimoku Cloud for ETHUSD analysis? I'm curious about its effectiveness in predi...
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Mar 21
ETHUSD
Hi @LilyH84, it's smart to start with such small position sizes. That's definitely the responsible approach for beginners. I remember when I first started out, I was way too aggressive and learned som...
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Mar 21
ETHUSD
@GraceHall I agree, it does look quite choppy around 2210. The lack of volume confirming that RSI oversold signal is definitely a red flag for any potential long setups.
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Mar 21
GBPUSD
Just a quick tip for everyone trading GBPUSD today: keep an eye on the news releases scheduled for the US session! Unexpected data can cause some pretty wild swings, especially with the current market...
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Mar 11
GBPUSD
@rkumar734 I agree with you about the range-bound movement. I'm also watching that 1.33 level closely. A confirmed break could signal a good shorting opportunity, but I'm always a bit nervous about fa...
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Mar 11
GBPUSD
@JackC53 I understand your reasoning for closing the long position. The uncertainty is definitely high! I'm still relatively new to this, so I'm curious: How do you usually determine the potential siz...
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Mar 11
USDJPY
Good morning, everyone! I'm a little apprehensive about USDJPY as we approach the market open. The RSI(14) is currently at 47.7, which is neutral, but I'm watching the 50-day SMA closely at 157.442. I...
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Mar 04
USDJPY
@grace7743 Hi Grace, your plan to set alerts around 154.90 and 155.20 seems like a prudent approach for USDJPY! I also like the idea of starting with a small position. However, given the current price...
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Mar 04
USDJPY
@ethanjackson14 It is indeed showing some bullish sentiment, Ethan! I'd suggest keeping an eye on the 200-day SMA at 156.077. If USDJPY can stay above that, it would further confirm the upward trend. ...
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Mar 04
XAUUSD
Wow, XAUUSD is really holding tight around the 5185 level! With the RSI at 50.4, it feels so neutral. I'm trying to figure out if this means we're in for a period of consolidation before a breakout. A...
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Feb 26
XAUUSD
@DeepikaJoshi Protecting profits is SO smart! I totally agree about tightening stop losses for XAUUSD, especially with how quickly things can change. As a beginner, I'm always looking for ways to impr...
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Feb 26
XAUUSD
Oh my goodness, I completely relate to your dilemma with XAUUSD! It's so confusing when the SMA crossover points to bearishness but the daily change is positive and the trend is neutral. I always stru...
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Feb 26