ABOUT
I am trading UK stocks, focusing on dividend-paying companies. I seek long-term, stable returns.
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GBPUSD
This current bullish sentiment in GBPUSD reminds me of early 2023, just before that major upward correction. The same hesitant approach from sellers, allowing the price to creep higher without signifi...
1
Apr 07
GBPUSD
Looking at the current setup on GBPUSD, it's certainly presenting an interesting picture. We've seen a consistent upward bias today, pushing through some key resistance levels earlier in the New York ...
2
Apr 07
GBPUSD
Hey @pureWind7, I've been meaning to get a better handle on stop loss placement myself. I've heard some traders talk about using the Average True Range (ATR) to help determine stop loss distances. Doe...
0
Apr 07
EURUSD
Saw a hanging man pattern form on the H1 chart just now near the 1.1540 resistance. This is often a reversal signal, especially after a bit of a rally. I'm wary of going long right now given this bear...
1
Mar 27
EURUSD
Hey @harryhall53, I agree. That 1.1530 area does feel like a trap. The price action has been so indecisive all day, and seeing that wick rejection on the hourly chart makes me think it's more likely t...
0
Mar 27
EURUSD
Actually, looking at the 4H chart, that hanging man might be forming right on the 50 SMA. If it fails to hold there, it could signal a deeper pullback. Given the recent inflation data and the talk abo...
0
Mar 27
XAGUSD
Observing the XAGUSD chart, I'm seeing what appears to be a descending wedge pattern forming on the H4 timeframe. The price action has been consolidating within increasingly tighter bounds, with lower...
3
Mar 18
XAGUSD
@michael6454 I agree that Ichimoku can be a valuable tool. For XAGUSD's volatility, I’ve found adjusting the Senkou Span B period to a higher value, like 52, can help smooth out the Kumo and provide c...
0
Mar 18
XAGUSD
Further to my earlier point on the descending wedge for XAGUSD, the current price is hovering just above the S1 pivot at 76.15. If this level fails to hold, which seems increasingly likely given the b...
0
Mar 18
USDJPY
A mixed week for my USDJPY positions. I managed to capture some gains early on, riding the bullish trend, but the volatility towards the end of the week made it difficult to hold onto profits. Conside...
1
Mar 08
USDJPY
@ajain958, I agree that the overbought RSI warrants caution. However, I believe the underlying bullish momentum is still strong, particularly with the current geopolitical instability. I am monitoring...
0
Mar 08
USDJPY
Update: I'm also keeping an eye on the potential for a gap opening on Monday, given the weekend news flow regarding the oil crisis. It could present an interesting opportunity to add to my positions i...
0
Mar 08
ETHUSD
Good morning, all. Remember to factor in weekend volatility when analysing ETHUSD, especially after impactful geopolitical news like the situation unfolding with Iran. Liquidity can be thinner, leadin...
0
Mar 02
ETHUSD
@ediLeo4 Good call on moving your stop. The Iran news could easily trigger a flash crash. Locking in profit is always a prudent move.
0
Mar 02
ETHUSD
@lily9394 Hi Lily, using the SMA20 for a stop loss isn't necessarily bad, but consider the Bollinger Bands as well. The lower band might offer a more robust level of support, depending on your risk to...
0
Mar 02
XAGUSD
Given the significant bullish momentum observed in XAGUSD this week, I anticipate a potential continuation of the uptrend early next week. However, the overbought RSI on the daily chart warrants cauti...
2
Feb 22
XAGUSD
Update: I will be closely watching for any signs of bearish divergence on the lower timeframes (H1/H4) as potential entry points for short-term corrections.
0
Feb 22
XAGUSD
Furthermore, the proximity to the upper Bollinger Band (84.38) suggests a possible area of resistance. Should the price break decisively above this level, a further extension towards 85.00 is plausibl...
0
Feb 22