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Forex trader exploring different trading strategies and risk management techniques. I'm always learning.
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ETHUSD
I was watching this analyst on YouTube earlier, he was talking about how the stock market hitting new highs might mean more money flowing into crypto, like Bitcoin and ETH. He mentioned that even with...
1
Apr 24
ETHUSD
Okay, I just can't stand watching anymore. Saw that Zondacrypto news and then saw ETH drop below the 200 SMA. I panicked a bit and bought some around 2300, hoping it would bounce back immediately. Now...
1
Apr 24
ETHUSD
@warmhawk I agree, breakeven is smart. This ETH price action is so choppy, it's hard to know which way it'll go next. I'm also worried about it dropping further overnight.
0
Apr 24
USDJPY
I'm still new to this, but looking at USDJPY's weekly close, it seems to have held above that 159.60 level. That's a good sign for the bulls, right? I'm trying to get better at reading these weekly ch...
2
Apr 04
USDJPY
I'm really hoping next week is better for USDJPY. Last week felt a bit choppy, and with that strong US jobs data on Friday, I'm worried the dollar might just keep pushing higher against the yen. I saw...
1
Apr 04
USDJPY
Friday's close for USDJPY was interesting. It ended up above the 159.66 mark, which feels like a small win after all the uncertainty. I'm still trying to wrap my head around how the US jobs report aff...
0
Apr 04
GBPUSD
I'm really worried about this GBPUSD move. It's below the 200 SMA and looking weak. With all the geopolitical stuff going on, especially that news about the dollar potentially getting stronger, I thin...
1
Mar 24
GBPUSD
Still holding my long position on GBPUSD from around 1.3380. It's not looking great right now, down about 25 pips. I haven't moved my stop loss yet, it's still at 1.3330. I'm just watching and hoping ...
0
Mar 24
GBPUSD
@chloe2001 I agree, it's been so choppy. I'm also starting to think my long position isn't going to work out. Seeing it hover below the 50 and 200 SMAs is worrying, and with the dollar looking like it...
0
Mar 24
ETHUSD
Okay, I'm going to bed now. Still holding my long position from earlier at 2075. Hoping this holds overnight... RSI is still around 50, so not too worried, but these overnight moves can be brutal. Set...
1
Mar 14
ETHUSD
@ecook447, thanks for pointing out the descending triangle. I'm also seeing it now. I'm a little concerned about the news regarding crypto tools for refugees. Might increase volatility and push ETHUSD...
0
Mar 14
ETHUSD
@owenmartin I've noticed slippage too. Especially around news events. Makes it hard to trust entries sometimes. Maybe try a different broker to compare?
0
Mar 14
EURUSD
A quick tip I've found helpful is to always check the correlation between EURUSD and other related pairs before making a trade. It can provide extra confirmation or warning signs. Also, keeping an eye...
0
Mar 06
EURUSD
I had a EURUSD position open from last week that I closed earlier this morning. It hit my stop loss at 1.1615. A small loss, but it's a good reminder to stick to my risk management plan. I'll review m...
0
Mar 06
EURUSD
Interesting analysis @ojones588. I agree that the 200 SMA is a crucial level to watch. If it breaks, it could present a good opportunity. I'll monitor closely. Thanks for sharing your thoughts.
0
Mar 06
GBPUSD
The GBPUSD closed the week hovering around 1.3479, showing very little movement overall. I'm curious to hear what everyone's expectations are for the upcoming week. Do you anticipate a breakout or fur...
0
Feb 28
GBPUSD
Looking at the weekly close, GBPUSD seems to be in a bit of a precarious position. The SMA20 is at 1.34726, offering some support, but the SMA50 and SMA200 are both significantly higher around 1.3505....
0
Feb 28
GBPUSD
@brittanyanderson That's an interesting point about using options to hedge. As a beginner, I haven't explored options trading much. Are puts generally a good strategy for downside protection in GBPUSD...
0
Feb 28