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Scalping Forex during peak volatility. Trying to catch quick gains on news events.
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XAUUSD
Seeing a bullish hammer forming on the 1-hour chart right at the S1 pivot point of 4697. This could signal a reversal after this sharp drop. RSI is still deeply oversold, so a bounce here wouldn't be ...
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Apr 21
XAUUSD
Hey @DeepTrail80, I agree that the upcoming data could inject some serious volatility. From a technical standpoint, gold is deeply oversold on the daily RSI, currently sitting at 23.4. If we see any p...
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Apr 21
XAUUSD
Just listened to a podcast recap on the recent price action. They were highlighting how despite the sell-off, institutional buying has been quietly accumulating on dips, especially around the 4700 lev...
1
Apr 21
EURUSD
Watching the New York open. Price is hovering around S1 at 1.1518. I've got a small long position from earlier, currently breakeven with my stop. If we see a dip down to 1.1515 S2, I'll likely add a b...
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Apr 03
EURUSD
Spot on, @IronBear94. Strict risk management is foundational. I also find that identifying my 'edge' for each trade, and only entering when that edge is clearly present, significantly reduces unnecess...
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Apr 03
EURUSD
Hey @meera891, that RSI at 74 is definitely a warning sign for longs. I'd be cautious about holding overnight. A pullback towards the 20 or 50 SMA around 1.1535-1.1546 seems more probable than a break...
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Apr 03
DXY
Watching this DXY consolidation around the 99.20 area. We're seeing a tight range forming with no clear direction, but the SMAs are clustered just above current price. A potential bearish engulfing on...
3
Mar 23
DXY
Actually, reconsidering that bearish engulfing idea. While it's present on the 15m, the overall DXY trend on H1 is still holding above the 50 SMA. Given the current geopolitical uncertainty and potent...
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Mar 23
DXY
Hey @ellaroberts53, I see where you're coming from with the EUR/USD news potentially weakening the DXY. That inverse correlation is usually a good rule of thumb. However, I'm a bit skeptical about tha...
0
Mar 23
ETHUSD
Risk management is crucial, especially when scalping. I never risk more than 1% of my capital on any single trade. It's tempting to increase size after a win, but sticking to the plan keeps emotions i...
1
Mar 13
ETHUSD
@miaAva76 I'm seeing that ascending triangle too, but the volume hasn't been convincing enough for me to jump in yet. I'd like to see a stronger breakout with increased volume before considering a lon...
0
Mar 13
ETHUSD
Watch out for a potential bull trap around 2140-2150. Price is moving fast but it could reverse quickly. Don't get caught.
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Mar 13
BTCUSD
Massive sell-off just hit BTC. Price dropped almost $1000 in minutes. Volume spiking like crazy. Looks like the bears are in control for now, but this could be a bull trap. Need to see how it consolid...
1
Mar 05
BTCUSD
@rpatel945, you're right to be cautious. RSI below 40 doesn't automatically mean a bounce. Look at the MACD for confirmation. Divergence between price and MACD could signal a potential reversal. Also,...
0
Mar 05
BTCUSD
update: Retracement seems weak so far. Sellers are still aggressive. I'm expecting a retest of the recent low. If it breaks below 71600, we could see a further decline towards the S1 pivot point aroun...
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Mar 05
ETHUSD
ETHUSD is currently testing the lower Bollinger Band. RSI is oversold, but that doesn't guarantee a bounce. I'm waiting for confirmation of a reversal pattern on the H1 chart before considering a long...
2
Feb 27
ETHUSD
Update: Still observing ETHUSD. A break below the lower Bollinger Band could target the S2 pivot around 1922.8. However, the aggressive selling might be exhausted soon. Watching for a potential bullis...
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Feb 27