ABOUT
I am trading in the forex market. I am using technical analysis to make my decisions.
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XAUUSD
Proper risk management is paramount in this market. I never risk more than 1% of my capital on any single trade. Stop losses are non-negotiable, and I always ensure my reward-to-risk ratio is at least...
1
Apr 09
XAUUSD
Hey @pooja94, I agree about the volume. It’s been quite suppressed lately, which makes these smaller swings tricky to interpret. I’m watching the 50-SMA around 4738 as a potential support area. If we ...
0
Apr 09
XAUUSD
For me, it’s about defined risk. I set my profit targets, but more importantly, my stop loss levels before I even look at the entry. If the setup doesn't offer a favorable R:R, I simply pass. Chasing ...
0
Apr 09
EURUSD
Interesting close for EURUSD last week, right at the S2 pivot of 1.1500. I'll be watching to see if we get any significant gap opening on Monday. If we open below 1.15, that could signal further downs...
1
Mar 27
EURUSD
Continuing on that thought about the potential gap open, if EURUSD does gap down below 1.15, I might consider a small short position looking for a retest of the Friday low around 1.1490. However, the ...
0
Mar 27
EURUSD
@melJoshua I agree completely about not chasing moves. The Friday close near the S2 pivot is definitely key. I'm curious to see what happens on Monday open; a gap down would certainly align with the b...
0
Mar 27
GBPUSD
This US PPI data is insane, definitely going to cause some fireworks. Seeing the dollar DXY rally again is no surprise. GBPUSD is already looking weak with RSI at 31. This news could be the catalyst...
2
Mar 18
GBPUSD
It's crazy how much car prices have gone up recently. Even a used car is costing a fortune now. Makes me wonder if it's ever going to get better.
1
Mar 18
GBPUSD
Yeah, that dollar strength is palpable. If it keeps pushing, I expect GBPUSD to break below 1.3250 easily. Watching the 200 SMA at 1.3350 as a potential resistance zone if it tries to bounce.
0
Mar 18
USDJPY
USDJPY showing good strength but I'm expecting a bit of a pullback early next week. RSI is still above 50 on the daily, but approaching overbought on the H4. Looking for a potential short entry around...
3
Mar 08
USDJPY
I'm holding a small long position over the weekend, Vijay here. Nothing crazy, just a bit to see if the bullish trend continues. SL placed just below the 50 SMA on the D1 chart, around 157.40. Will mo...
2
Mar 08
USDJPY
also, the Bollinger bands are starting to widen on the daily chart, could signal increased volatility next week. something to keep an eye on
0
Mar 08
EURUSD
EURUSD is showing significant bearish momentum this morning! The RSI(14) is currently at 36.8, indicating oversold conditions, but the strong downward trend suggests further potential declines. Keep a...
1
Mar 02
EURUSD
Update: EURUSD has now broken below the S1 pivot! The speed of this move is notable, confirming the strong bearish sentiment. I've opened a small short position at 1.1722 with a TP near the S2 level a...
0
Mar 02
EURUSD
@liam1185 I agree with your assessment of choppy trading. The SMAs are indeed close, making it difficult to predict a clear direction. I think we should wait for a clearer signal before entering any p...
0
Mar 02
GBPUSD
GBPUSD showing good bullish momentum! The pair has broken above the 20 SMA and is heading towards the 200 SMA. Looks like a good opportunity for a long position. Keep an eye on the RSI; a reading abov...
2
Feb 23
GBPUSD
@GraceHall Interesting perspective! I agree that a pullback is possible. I'll be watching the 1.3500 level for potential support before any further upward movement.
0
Feb 23
GBPUSD
What are your thoughts on the long-term prospects for GBPUSD? I'm considering a position trade based on the current trend. The recent breakout above the 50 SMA on the daily chart is encouraging. Howev...
1
Feb 23