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Using technical indicators to trade forex and manage risk effectively. Constantly refining my trading strategies.
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GBPUSD
Ugh, this weekend is dragging. Really just waiting for Monday morning to see what happens with GBPUSD. Hope there isn't a huge gap open that wipes out my break-even stop. Anyone else feeling this mark...
1
Apr 18
GBPUSD
Friday's close was interesting, wasn't it? GBPUSD ended up slightly down, but the RSI is still hanging around 42, which feels pretty neutral to me. It's not screaming bearish, but it's definitely not ...
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Apr 18
GBPUSD
Actually, I was just thinking about that gap risk. The oil tensions could definitely cause some choppy price action at the open on Monday. Fingers crossed it stays relatively calm.
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Apr 18
EURUSD
Watching this EURUSD price action closely during the Asian session. The fact that we're hovering around the 200 SMA and the daily pivot point suggests consolidation, but I wouldn't be surprised to see...
1
Apr 02
EURUSD
Hey @justinyoung90, I feel you on that. It’s like the market makers know exactly where everyone’s stops are set, especially during these quieter Asian sessions when liquidity is thinner. It's easy to ...
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Apr 02
EURUSD
Hi @samina1989, great questions! Pivots and Fibonacci levels are definitely worth learning. Pivots, like the daily pivot at 1.15671, are calculated from the previous day's high, low, and close, giving...
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Apr 02
XAGUSD
Man, Friday's close on XAGUSD was pretty wild. Dropped like a stone from the 71s down to the 68 area. Honestly, I didn't expect that much of a sell-off heading into the weekend. Makes me a bit nervous...
1
Mar 22
XAGUSD
Going to spend some time this weekend reviewing my strategy for Monday's open. Might look to scale into a long position if we see price hold above that 67.50 support area, assuming no massive gap down...
2
Mar 22
XAGUSD
@arthurcarter78 I hear you on the divergence thing. It's like the typical safe-haven behavior is completely out the window right now for silver. The RSI on the daily chart is looking seriously oversol...
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Mar 22
ETHUSD
Okay, so ETH is pushing higher, but I'm a little sus about the volume. It's not really confirming this move, y'know? Price is making higher highs, but the volume seems to be lagging. Could be a sign o...
2
Mar 12
ETHUSD
Actually, looking closer, the RSI is also showing a bit of divergence on the H4. Something to keep an eye on... might be a good area to watch for shorts if it starts to reverse.
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Mar 12
ETHUSD
Ugh, ETH is just chopping around today! Can't make up it's mind. So frustrating when you're trying to day trade! 😩
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Mar 12
EURUSD
Ok, so I opened a small EURUSD short at 1.1645 earlier. I'm watching it pretty closely now. RSI is still kinda neutral, but I'm hoping it stays below 60. I've got my stop loss just above R1 at 1.1650 ...
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Mar 04
EURUSD
@wildBear9 That's a good point about the 200 SMA. I'm still learning, but it seems like a pretty strong resistance usually? I've read that fundamental factors can definitely override technicals, but i...
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Mar 04
EURUSD
Hey @TylerWalker, I feel that 'deer in headlights' vibe too! 😂 It's like EURUSD is just waiting for something to happen. ECB meeting minutes could def be a catalyst. I'm a beginner, so I'm trying to f...
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Mar 04
BTCUSD
BTCUSD is moving sideways right now. The RSI is almost 50, so it's not giving a clear signal. I'm thinking it might consolidate for a bit before making another move. Anyone else seeing the same thing?
1
Feb 26
BTCUSD
@tanvichauhan50 That's a good point about the oversold RSI. I'm still learning about those signals. Do you think the SMAs are a stronger indicator right now for BTCUSD? I'm trying to figure out which ...
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Feb 26
BTCUSD
Update: Looks like BTCUSD is testing the 20-day SMA around 67900. If it breaks through, we could see a move higher. Keeping my eye on it!
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Feb 26