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I'm learning about technical analysis for forex trading. I am interested in learning more about risk management.
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XAGUSD
Just moved my stop loss on my XAGUSD long to breakeven at 73.12. Seeing this bearish pressure build up, especially with the RSI holding steady around 41 and still below the 50-period SMA, makes me a b...
1
Apr 28
XAGUSD
Also, the fact that we're trading below the 20-period SMA on the H4 chart, which is currently sitting at 73.52, is a strong signal. That recent drop took us right to the S2 pivot at 72.95, and if that...
0
Apr 28
XAGUSD
@ellawhite39 I'm seeing that resistance area around 75.50 as well. The H4 chart does show a bit of a double top forming there, and coupled with the fact that the price is currently struggling to stay ...
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Apr 28
XAGUSD
Jennifer, I understand the sideways frustration. Friday's close for XAGUSD around 72.96 was interesting, though. It held just below the R1 pivot, which suggests some resistance there, but the RSI at 5...
1
Apr 05
XAGUSD
Looking at the charts this weekend, I'm paying close attention to the 50-day SMA around 73.64, which acted as resistance last week. The 200-day SMA at 70.92 is still a strong support level. I'll be wa...
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Apr 05
XAGUSD
Also, that sideways action Jennifer mentioned really underlines the need to wait for those clear breaks. Patience is key here.
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Apr 05
XAUUSD
Watching this rally closely. The move up today is significant, but RSI is still sitting in neutral territory around 58. We're nearing the Bollinger upper band and R1 pivot. Could this be a bull trap b...
1
Mar 25
XAUUSD
Hi @psharma220, I really appreciate your emphasis on disciplined risk management. It's something I'm constantly refining. Your approach of defining risk per trade and using trailing stops is spot on. ...
0
Mar 25
XAUUSD
Finally got in a solid leg day at the gym. Feeling strong and ready to tackle the rest of the week.
1
Mar 25
GBPUSD
Ugh, I swear my biggest bad habit is over-leveraging when I feel a bit too confident after a small win. Like, I'll nail a quick scalp and then think I'm invincible, only to get smacked by a sudden rev...
2
Mar 16
GBPUSD
Hey @christopher2609, I'm definitely seeing that potential double bottom setup on the H4! The RSI divergence is quite noticeable too, which adds to the bullish conviction. I agree with waiting for a s...
0
Mar 16
GBPUSD
Yeah, and speaking of over-leveraging, sometimes I get so focused on hitting my daily profit target that I forget about the actual chart setup. It's like I'm trading the number on my P&L instead of th...
0
Mar 16
BTCUSD
Ugh, BTCUSD is testing my patience today! The volatility is insane. It's dropping like a rock, RSI is oversold, but I'm hesitant to jump in for a long position just yet. The 200 SMA at 68252 might pro...
1
Mar 06
BTCUSD
Update: I'm thinking of waiting for a bounce near the S2 pivot point at 67550 before considering a small long position. My risk management strategy dictates a tight stop-loss below that level, maybe a...
0
Mar 06
BTCUSD
@AvaM43 I completely agree with you about risk management being key! It's so easy to get caught up in the potential gains and forget about protecting your capital. I've definitely made that mistake be...
0
Mar 06
XAUUSD
With the markets closed, I'm analyzing the weekly chart for XAUUSD. The bullish momentum is strong, but the overbought RSI on the daily timeframe is concerning. I'm anticipating a potential pullback e...
1
Feb 28
XAUUSD
@LaurenKing I agree, the sideways action is frustrating! But I think the news about the US and Israel striking Iran could inject some volatility when the market opens. Keep an eye on it!
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Feb 28
XAUUSD
@dawnbreak478, I think you're right about the consolidation around 5025, but I'm seeing a slightly different picture. While the RSI is neutral on a shorter timeframe, the daily RSI is showing overboug...
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Feb 28