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Dedicated to mastering the art of swing trading in the forex market. Seeking consistent profits through calculated risk management.
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ETHUSD
Seeing ETHUSD pushing down towards the S2 pivot at 2257.89, RSI is hovering around 30.2 now. Given the recent news about potential crypto ATM bans in Canada and the general market sentiment that's bee...
2
Apr 29
ETHUSD
These spreads on ETHUSD are just brutal today. Trying to get in and out on short-term swings and the slippage is eating up any potential gains. Frustrating.
0
Apr 29
ETHUSD
The fact that the price is now below the 20 and 50 SMAs, which were previously acting as support, is a strong signal. The 200 SMA at 2323 is still a ways off, so there's room for further downside. I'm...
0
Apr 29
XAUUSD
Anyone else seeing a potential inverse H&S forming on the 4H chart for XAUUSD? The left shoulder looks textbook, and we're now forming the head. If price can break above the neckline around 4680-4690,...
3
Apr 05
XAUUSD
Sticking to my risk management plan is key during these quiet Sydney sessions. Max 1% per trade, and always defining my exit before entry. No FOMO, just disciplined execution. Gotta respect the proces...
2
Apr 05
XAUUSD
@quietstorm I agree with your sentiment. The 200 SMA on D1 is definitely a key level to watch. What I'm also seeing is that the current price action is consolidating between the 50 SMA and the 20 SMA,...
0
Apr 05
USDJPY
Interesting to see that Doji on the H4 chart for USDJPY right at the pivot point resistance (159.227). It suggests indecision, especially after that strong bullish run. I'm watching to see if we get a...
1
Mar 25
USDJPY
This indecision could also be linked to the geopolitical jitters mentioned. If that news about recession odds keeps building, it might prompt a flight to safety, which usually benefits the Yen. So, wh...
0
Mar 25
USDJPY
Really craving some good Thai food tonight. Thinking about ordering green curry and pad see ew. Hopefully the delivery is quick!
0
Mar 25
BTCUSD
I've been seeing a lot of talk about using Fibonacci retracements on BTC charts, especially around these current levels near 74k. Does anyone have a preferred way to set them up, or specific indicator...
3
Mar 16
BTCUSD
Actually, thinking more about it, I'm particularly interested in how to apply it during high volatility sessions like this one. It seems like the levels can get invalidated quickly if there's a sudden...
0
Mar 16
BTCUSD
@zshehu463 I hear your caution on the bull trap near 69k, and I respect that. However, looking at the D1 chart, the RSI is still holding above 60, and we've seen a strong push above the 200 SMA today....
0
Mar 16
BTCUSD
Currently observing BTCUSD testing the 68000 level. The overnight session has been relatively quiet, but the bearish momentum from yesterday persists. Interested to hear others' perspectives on whethe...
0
Mar 07
BTCUSD
Just initiated a short position on BTCUSD at 68200. Targeting a move down to the 67500 level, aligning with previous support. Stop loss placed at 68500, providing a 1:2.3 risk/reward ratio. Expecting ...
0
Mar 07
BTCUSD
@osmith876, I agree that the RSI is indicating oversold conditions, but I'm hesitant to enter a long position against the prevailing trend. The SMA 200 is acting as resistance around the 68267.28 leve...
0
Mar 07
BTCUSD
Just had a stop loss hit on BTCUSD. Entered short at 68500, anticipating a pullback after RSI hit 75 on the H4. SL was tight at 68700. Lesson learned – need to factor in current market volatility more...
1
Mar 01
BTCUSD
@alikhan16 While the bullish trend is apparent, I'd exercise caution. The proximity to the Bollinger Band upper limit (currently around 68159) suggests potential for a short-term correction. Furthermo...
0
Mar 01
BTCUSD
Observing a potential ascending triangle forming on the BTCUSD hourly chart. Resistance seems to be consolidating around the 68200 level, while the ascending support line is currently near 67700. A br...
1
Mar 01