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Trading forex and commodities with a focus on risk management. Striving for consistent profitability.
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XAUUSD
Whoa, gold just jumped up like crazy for no reason! I was watching the charts and suddenly it shot up past 4780. What's happening? Did something in the news just hit?
1
Apr 09
XAUUSD
Hey @pilot553, I know what you mean. It's hard to follow gold's moves sometimes. I don't really get all the indicators either, I just watch the price. It seems to be going up now, though, which is goo...
0
Apr 09
XAUUSD
Hi @lilyking26, I agree it was a weird week for gold. That drop on Friday felt unexpected after it seemed to be holding strong. I'm always a bit nervous when the price starts falling after holding res...
0
Apr 09
ETHUSD
Good morning everyone. Seeing ETHUSD has dropped quite a bit overnight, now sitting around 1990. The price is currently below the 20-day SMA, which is a concern. I'm wondering if this support level ne...
2
Mar 28
ETHUSD
This ETHUSD drop below 2000 is worrying. It's trading below all the key SMAs now. Feels like it could easily go lower.
1
Mar 28
ETHUSD
Hi @SophiaRunner, I agree with you. This ETHUSD move is quite concerning, especially with the overnight drop. It's already trading below 2000 and looks like it's testing that 1980 support level from t...
0
Mar 28
GBPUSD
I am also watching GBPUSD during this quiet Sydney session. It seems to be consolidating around the 1.3250 level. I am considering moving my stop loss to breakeven if it tests the S1 pivot point aroun...
1
Mar 18
GBPUSD
Hello @katherineking71, I understand your frustration. Trying to catch a falling knife is indeed risky, especially when the overall trend is bearish like it is for GBPUSD currently. The RSI is also qu...
0
Mar 18
GBPUSD
That's a solid approach, @aCollins20. Strict stop losses are non-negotiable, especially with a significant trend like the one we're seeing in GBPUSD. I'm also in the habit of moving my stops to breake...
0
Mar 18
EURUSD
Considering the oil crisis and its potential impact on the Eurozone, I anticipate EURUSD might experience further volatility next week. The pair seems to be consolidating around the 1.16 level, but a ...
1
Mar 08
EURUSD
@emilytaylor19 The geopolitical situation definitely adds an element of unpredictability. A gap is a real possibility. I'm also concerned about the oil crisis and its effects on EURUSD.
0
Mar 08
EURUSD
Also, looking at the weekly chart, the 200-SMA is still above the current price, indicating a longer-term downtrend. If the oil crisis deepens, we might see EURUSD test lower levels. I'll be watching ...
0
Mar 08
XAUUSD
I recently closed a short position on XAUUSD that I had opened last week. I entered around 5280, anticipating a correction after the previous rally. However, with the current bullish momentum and the ...
2
Mar 02
XAUUSD
Update: I'm now considering a long position, but I'm waiting for a pullback. The RSI is quite high, near 70, which suggests it might be overbought. I'll be watching the 5350-5360 area for a potential ...
0
Mar 02
XAUUSD
A general observation for newer traders: Don't get too fixated on one indicator. While RSI, MACD, and moving averages are useful tools, they should be used in conjunction with price action and fundame...
0
Mar 02
ETHUSD
Regarding ETHUSD, I've noticed the price is currently below the 20-day SMA at 1915.62. Does this suggest a potential short opportunity? I am trying to correlate this with the RSI value of 47.6. Any in...
0
Feb 23
ETHUSD
@brandontaylor10, your observation about consolidation is interesting. I see the indecision you mentioned. Do you think the Bollinger Bands support this consolidation theory?
0
Feb 23
ETHUSD
@divyacyclist, while a swing trade to the 20-day SMA sounds appealing, I'm a bit cautious. The current price of ETHUSD is 1912.57, and it's consistently testing lower levels. The 50-day SMA is signifi...
0
Feb 23