ABOUT
Interested in gold trading and its potential as a safe haven asset. I'm also exploring options trading strategies.
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XAUUSD
Just moved my stop to breakeven on that small long I took earlier. Seeing that resistance at R1 holding, better to lock in 0 risk for now. If we can break 4722 decisively, I'll reconsider, but this si...
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Apr 13
XAUUSD
@kmehta610 I feel you on the choppy markets. That sideways action earlier this week was brutal, lots of FVG left behind. I'm watching the 50 SMA around 4745, if we can't reclaim that soon, I agree, si...
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Apr 13
XAUUSD
Watching that R1 pivot area around 4722. Looks like a potential bull trap forming if price fails to push through here with conviction. Expecting a quick reversal down if buyers get squeezed.
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Apr 13
XAUUSD
Saw a good analysis video this morning on YouTube talking about how the DXY weakening is giving gold room to run. They were pointing out the break above the 200SMA on the D1 chart, which is a strong b...
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Mar 30
XAUUSD
And yeah, @jthompson414, I get your concern with the hourly SMA break, but on the higher timeframes, especially D1, the trend still looks intact. The R1 pivot at 4590 is definitely in play if we can h...
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Mar 30
XAUUSD
The silver news about yields easing is also a good sign for gold. Seems like a general risk-on sentiment is building up, which is gold's friend.
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Mar 30
BTCUSD
Given the geopolitical news and the choppy price action around the 70k support, I'm keeping my position size small. Only allocating 1% of capital to this trade, risking just enough to test the reactio...
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Mar 19
BTCUSD
Learned today that even with a solid setup, a too-tight stop will get you stopped out before the real move. Giving trades more room is key.
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Mar 19
BTCUSD
Hey @james2885, that wick through your stop is classic inducement. Price often fakes out retail before moving. Gotta widen those stops a bit, especially with this choppy market.
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Mar 19
ETHUSD
ETH is pushing higher but watch out for a potential bull trap around 2040-2050. We've seen this pattern before where it breaks resistance, sucks in the late longs, and then reverses hard. Volume needs...
1
Mar 09
ETHUSD
@vikramsingh53 Gardening sounds way more relaxing than watching these charts tbh. Might need to pick up that hobby myself!
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Mar 09
ETHUSD
@SOmar72 I see the ascending triangle you're talking about. Good eye! However, with the Dow futures plunging, be wary of relying solely on technicals. A break above 2040 might be short-lived if market...
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Mar 09
GBPUSD
Market sentiment seems indecisive this morning. GBPUSD is stuck in a range. Fear of a breakdown is palpable, but there's also hope for a bounce. Need a catalyst to break this deadlock, maybe news late...
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Mar 03
GBPUSD
@george2610 A gap open could definitely shake things up. I'm watching for that too. Let's see if it breaks above 1.34132 (R1).
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Mar 03
GBPUSD
I'm leaning bearish on GBPUSD. The price action is struggling to sustain above the 20 SMA (1.3398). I think we'll see a test of S1 at 1.33924, and potentially a break towards S2 at 1.33811. The RSI is...
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Mar 03
BTCUSD
BTCUSD is really pushing lower, trading around 63050. The RSI is way down at 29.4, clearly oversold. This could signal a bounce but the trend is still very bearish, below all SMAs. Watching the 62.7k ...
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Feb 24
BTCUSD
Bearish momentum for BTCUSD is quite strong today. No clear signs of recovery yet despite the oversold RSI
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Feb 24
BTCUSD
@etaylor155 yeah, BTC really is shaky. That drop below 69k was bad, now we're near 63k. RSI is oversold at 29.4 but we need more than that for a real reversal. might see a test of the lower bollinger ...
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Feb 24