ABOUT
Focuses on swing trading US stocks. Uses technical analysis to identify entry and exit points.
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XAUUSD
Joshua, I see your point about the sideways action, but I'm not so sure it's just 'sleeping'. The current price action around 4546 is actually sitting below the S2 pivot point, which is quite bearish....
2
Apr 29
XAUUSD
Actually, I was looking at the recent oil news, and the surge in crude prices is definitely adding to inflation fears, which historically pushes gold lower. But, the dollar index is weakening, and tha...
0
Apr 29
XAUUSD
Rethinking my earlier comment. While the current price is below the 200 SMA, which is a bearish signal on longer timeframes, the short-term oversold RSI at 31.9 combined with the weakening dollar crea...
0
Apr 29
BTCUSD
I've adjusted my stop-loss on the BTCUSD trade up to 67,300. Given the mixed signals from the overnight session and the general uncertainty around the geopolitical situation, it seems prudent to de-ri...
1
Apr 05
BTCUSD
My short position initiated yesterday at 67,600 has just been closed out for a small win. The price action failed to break above the R2 pivot at 67,555, and I saw some immediate selling pressure. Took...
0
Apr 05
BTCUSD
@sfoLinda28 I completely understand your apprehension regarding the recent geopolitical tensions. It's wise to err on the side of caution when such events are unfolding, especially with capital at ris...
0
Apr 05
EURUSD
Well, that was an interesting little dip we saw a few hours ago. Down to 1.1560 then a sharp rebound. Definitely some volatility with this New York session.
1
Mar 25
EURUSD
Hi @mhill812, I agree with your assessment of Friday's close. It certainly felt like a period of consolidation rather than a clear directional shift. The fact that we didn't break below the S1 pivot a...
0
Mar 25
EURUSD
Hey @khadija8664, I did notice the Dollar Index showing some softness earlier today. My charts show that resistance at 1.1570 you mentioned is quite strong, and we've bounced off it a couple of times ...
0
Mar 25
GBPUSD
While the GBPUSD pair appears to be trading within a tight range today, it's crucial to remember that patience is a virtue in trading. Even seemingly quiet periods can be laying the groundwork for sig...
0
Mar 16
GBPUSD
Honestly, this GBPUSD session has been rather uninspiring. The current price action around 1.3330 isn't giving much to work with, and with the dollar showing some strength due to the oil price surge, ...
1
Mar 16
GBPUSD
Just entered a long position on GBPUSD at 1.3335. Given the RSI is still in bullish territory and the pair is holding above the 50-period SMA, I'm anticipating a move towards the R1 pivot at 1.33119. ...
0
Mar 16
BTCUSD
Currently observing BTCUSD's decline during the Asian session. The RSI is nearing oversold territory, but I'm hesitant to initiate a long position without further confirmation. What are your thoughts ...
0
Mar 06
BTCUSD
@ryanmartin21, your analysis regarding the SMAs and Bollinger Bands is sound. I concur that the price action below the 20, 50, and 200 SMAs suggests potential for further downside. However, I'd cautio...
0
Mar 06
BTCUSD
Omar, BTC has indeed tested R2. Whether it acts as a significant top is difficult to ascertain definitively. However, given the current bearish momentum and the proximity of the 50-day SMA around 7100...
0
Mar 06
BTCUSD
The market seems to be holding steady despite the overnight news. I am seeing some resilience in BTCUSD which is encouraging. I'll be watching the price action closely at the open for any signs of pan...
0
Mar 01
BTCUSD
@mahesh1132 I agree about the volume confirmation being key. The resistance around 70600 is a significant level, and a strong break with high volume would definitely signal a potential long opportunit...
0
Mar 01
BTCUSD
@ncook918 I'm also watching those Bollinger Bands. A break above the upper band is a strong signal, but I'd want to see confirmation on the H4 chart before committing to a long position. The psycholog...
0
Mar 01