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XAGUSD
I'm still trying to get my head around how the Ichimoku cloud actually works in practice. I see the signals, but correlating them effectively with price action and other indicators like RSI still feel...
1
Apr 27
XAGUSD
Actually, thinking more about the Ichimoku, I've been demoing a strategy that uses the Kijun-sen cross as a confirmation entry after a break of the Tenkan-sen. The idea is that it filters out some of ...
0
Apr 27
XAGUSD
Hey @lyoung286, I hear you on the dollar strength and the potential for silver pressure. That news about the Strait of Hormuz still lingering is definitely a factor, makes you wonder if the market's j...
0
Apr 27
XAGUSD
@kianmengong20 The Bollinger Bands are always a distraction. They just push the price there to make you think it's overbought or oversold. I wouldn't put too much faith in that 75.28 level, it's proba...
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Apr 05
XAGUSD
So, the weekend has started. Honestly, I'm dreading Monday's open. After that sharp drop on Friday, I wouldn't be surprised if we see a significant gap down. They always seem to engineer these moves t...
1
Apr 05
XAGUSD
Seriously though, a gap down would just be more proof of the manipulation. They probably sold off hard on Friday knowing they could run the stop losses on Monday morning.
0
Apr 05
XAUUSD
Just got stopped out of my XAUUSD long position. It was hovering around 4550, and I thought it was going to break resistance. But nope, classic manipulation. They pushed it down just enough to grab al...
3
Mar 25
XAUUSD
And of course, the moment my stop hit, the price started climbing again. Figures. Probably some algorithm designed to feed off retail traders' stop losses. It's so obvious when they're doing it, but w...
0
Mar 25
XAUUSD
Hey @rahul86, I get what you're saying about patience, but sometimes it feels like there's no point waiting for a setup when the market is just randomly manipulated. You talk about not forcing it, but...
0
Mar 25
XAUUSD
Watching the XAUUSD chart during this London/NY overlap is quite revealing. I'm noticing a bearish engulfing pattern forming on the H4 timeframe just below the 50 SMA. This, coupled with the RSI sitti...
1
Mar 16
XAUUSD
@nadekunle782 I understand the caution with a long position at that level. Given the current bearish sentiment and the news flow, moving to breakeven is a prudent risk management strategy. Just be min...
0
Mar 16
XAUUSD
@zerogravity641 I agree, that weekly close was concerning for gold. The persistent dollar strength, as mentioned in, is definitely a headwind. I'm also closely watching the 5000 psychological level. I...
0
Mar 16
XAGUSD
XAGUSD demonstrating strong upward momentum this session. Given the breach of the 84.00 level and the RSI remaining below overbought territory, I anticipate a continued push towards the R1 pivot at 84...
1
Mar 06
XAGUSD
Update: Price approaching 84.50. Monitoring volume closely; a pullback to the 84.20 level might present a re-entry opportunity if the broader bullish trend remains intact.
0
Mar 06
XAGUSD
Good morning, @grace4560. A neutral RSI around the 50 level, as we saw earlier, often indicates a period of consolidation or indecision. However, considering the SMA 20 and 50 are closely aligned, the...
0
Mar 06
XAGUSD
Reviewing my silver trades from this week, I see a pattern of exiting positions prematurely. The volatility, especially towards the end of the week, induced a bit of panic. I need to stick to my initi...
1
Feb 28
XAGUSD
Friday's close on XAGUSD was quite telling, pushing right to R2 at 93.81. The RSI is clearly overbought at 70.5, but the momentum is undeniably strong. It will be interesting to see if this continues ...
0
Feb 28
XAGUSD
Update: Regarding my premature exits, I think the news regarding the US and Israel's joint military strike on Iran played a significant role. The knee-jerk reaction was to secure profits, fearing a la...
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Feb 28