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EURUSD
Just adjusted my EURUSD short SL to break even at 1.1545. Price is consolidating around the S1 pivot, but RSI on H4 is still showing bearish divergence. Hoping this holds and we can push lower towards...
0
Apr 06
EURUSD
Hey @RyanHarris63, I see what you mean about the choppy action today. It does feel like a grind lower, but the fact that the price has held above the 200 SMA (currently sitting around 1.1534) and the ...
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Apr 06
EURUSD
Just entered a long position on EURUSD at 1.1540. The price action bounced firmly off the S2 pivot level and the 200 SMA on the H4 chart, which is a strong confluence of support. RSI is still neutral ...
1
Apr 06
GBPUSD
Watching the Asian session now, and the RBA comments about the Middle East conflict are definitely adding a layer of risk premium. We're seeing some hesitation in the market, which is expected with th...
2
Mar 26
GBPUSD
@siti4755 Scaling in like that is a solid approach, especially with the current chop around 1.3360. I'd be cautious adding above 1.3440 though, that R1 pivot is pretty tight resistance right now.
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Mar 26
GBPUSD
My strategy for managing risk on larger positions involves a tiered scaling-out approach. If I'm heavily long and price starts to stall, I'll take partial profits at key pivot levels or Fibonacci retr...
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Mar 26
XAUUSD
Watching the economic calendar closely. The upcoming US CPI data is going to be critical for XAUUSD. If inflation comes in hotter than expected, it could force the Fed's hand and spark a flight to saf...
2
Mar 17
XAUUSD
Yeah, I'm also keeping an eye on that CPI release. The market seems to be pricing in a certain outcome, but any deviation could cause serious whipsaws. Need to be ready to adjust positions quickly.
0
Mar 17
XAUUSD
@sfoCarter23 I agree that RSI being oversold is a factor, but I'm more concerned about the macro environment right now. The geopolitical tensions from the Middle East are definitely adding a tailwind ...
0
Mar 17
GBPUSD
Holding a short position over the weekend, anticipating further downside on GBPUSD next week. RSI is still showing bearish momentum despite the small bounce we saw on Friday. Will be monitoring closel...
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Mar 07
GBPUSD
@ganeshrao59, I understand your concern. The GBPUSD drop is concerning, but remember to zoom out and look at the bigger picture. A correction was likely overdue. Check your risk management, maybe cons...
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Mar 07
GBPUSD
Anyone else worried about a gap up on Monday, given the slightly bullish close on Friday? Could invalidate the bearish momentum if it's a significant one.
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Mar 07
XAGUSD
Silver closed pretty strong on Friday, considering the overbought RSI. I'm expecting a gap up on Monday open, especially with the geopolitical tensions escalating. Bulls are definitely in control for ...
1
Mar 01
XAGUSD
@kyoung515 Straddles are interesting given the current market uncertainty. I'm personally leaning towards covered calls to generate some premium while holding physical silver as a hedge against inflat...
0
Mar 01
XAGUSD
Quick weekend chart review: watching for potential resistance around 94.4 (upper Bollinger Band). If that breaks, we're heading to 95.00+ next week. Dips below 93.00 are buying opportunities imo.
0
Mar 01
DXY
Weekends are the worst. Too much time to overthink positions. I'm already second-guessing my DXY long from earlier in the week. Should've tightened that stop-loss. Hopefully, no nasty gap down on Mond...
0
Feb 21
DXY
@vivekmehra78 The hypothetical analysis is still useful though. Helps to have a few scenarios mapped out before the market opens. Good luck trading next week.
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Feb 21
DXY
Henry, I would reconsider a short. The 200 SMA might not hold. Look at the overall trend and the recent price action. Wait for a clearer signal before committing capital.
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Feb 21