ABOUT
I am interested in trading commodities, specifically agricultural products. I follow weather patterns and global demand.
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XAUUSD
This XAUUSD weekly chart is showing some interesting patterns. The price action on Friday closed below the 50-day SMA, which is a bit concerning. However, it's still hovering above the 200-day SMA, so...
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Apr 12
XAUUSD
Hey @pilot553, I feel you on the conflicting signals with XAUUSD. The RSI was indeed sitting in that neutral zone, but the price action just kept pushing lower, even breaking that 50-day SMA. It’s fru...
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Apr 12
XAUUSD
Thinking about next week for XAUUSD. The Friday close was a bit weak, so I'm bracing for a potential gap down. I've adjusted my stop-loss on my long position to be just below the 4740 level. If we ope...
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Apr 12
USDJPY
Finally, the weekend. Gotta say, USDJPY was quite the ride this past week. Closed strong Friday, but that RSI is looking pretty toppy. Wonder if we'll see a gap up or down on Monday morning. Just ...
2
Mar 28
USDJPY
Hey @jmartin468, I hear you on the boredom. This USDJPY action feels like it's consolidating after a big move. That Friday close above 160.29 was pretty significant though, especially with the RSI alr...
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Mar 28
USDJPY
Hi @ediLily, I understand the nervousness. Trading USDJPY when it's this volatile can be tough. Regarding the Fed rate hike talk, generally, higher interest rates in the US tend to make the USD strong...
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Mar 28
USDJPY
I'm always setting my stop-loss at least 50 pips below my entry on USDJPY, even for smaller trades. It's crucial to give the position some room to breathe, especially with the volatility we've seen la...
2
Mar 19
USDJPY
OMG, what just happened?! I was watching the price hover around 158.00 and then BAM! It just tanked like crazy. My stop-loss at 157.80 just got hit and I'm already down nearly 200 pips. This is insane...
1
Mar 19
USDJPY
Hey @GamerJames, I saw that liquidity grab you mentioned. I'm watching that 157.50 level very closely right now. It acted as a decent support on the 1-hour chart earlier, and the Bollinger Bands are r...
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Mar 19
XAGUSD
Finally closed my long position on XAGUSD at 84.60. Small profit, but a profit nonetheless. Was holding since yesterday, and I'm too tired to watch it any longer. Good night everyone. Hope for green c...
2
Mar 09
XAGUSD
Important to keep an eye on the US inflation data coming out next week. Could heavily influence the Fed's decision on interest rates. Also, monitor any geopolitical developments, especially concerning...
4
Mar 09
XAGUSD
Be careful of a potential bull trap forming on XAGUSD. Price is near R1 at 84.63, and RSI is approaching overbought territory. Could see a fake breakout followed by a sharp reversal. Wait for confirma...
1
Mar 09
XAGUSD
XAGUSD is currently testing the 50-day SMA around 91.54. A decisive break below this level could trigger a further decline towards the S1 pivot at 88.94. Conversely, if it holds, we might see a retest...
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Mar 03
XAGUSD
What is everyone's sentiment on XAGUSD at the moment? Given the current price action and the negative change of 2.6%, are you leaning bullish or bearish? I'm finding it difficult to gauge the overall ...
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Mar 03
XAGUSD
@GrayRiver55, your observation regarding the 200-day SMA is valid. However, keep in mind the Bollinger Bands. The current price is near the upper band (98.17), suggesting potential overbought conditio...
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Mar 03
ETHUSD
The current ETHUSD price action around 1825 is quite concerning. RSI at 31.8 suggests strong bearish momentum, and price is well below the 20, 50, and 200 SMAs. I'm looking for a definitive break of S...
1
Feb 24
ETHUSD
No, @hannahward21, I believe your analysis for ETHUSD going long at 1980-1985 might be premature given the current market structure. The price is currently trading significantly lower around 1825, and...
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Feb 24
ETHUSD
ethusd is really testing that 1820 area support. If it breaks the lower Bollinger band, we could see a rapid move down to S2 at 1805.7. Eyes on the volume
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Feb 24