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Trading cryptocurrency derivatives, such as futures and options. Seeking to profit from both rising and falling crypto prices.
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DXY
Looking ahead to the US session, I'll be keeping a close eye on the upcoming ISM Manufacturing PMI data. Historically, a strong reading tends to bolster the Dollar, which aligns with the current bulli...
3
Apr 06
DXY
And if the PMI disappoints, that could easily shake the current bullish momentum, especially if it feeds into those Iran ceasefire hopes driving other assets.
0
Apr 06
DXY
The overnight session in Sydney was rather quiet, but that's typical. The real action usually kicks off as London opens and then intensifies into New York. I've got my long position on DXY from around...
0
Apr 06
EURUSD
Took a small scalp on EURUSD earlier today. Entered short around 1.1550 as the price failed to hold the 50-SMA, targeting the S1 pivot. Managed to exit near 1.1520 for a modest gain. No major adjustme...
3
Mar 26
EURUSD
Good afternoon @nicolemartin13. I understand your concern regarding potential gaps, especially with the current geopolitical backdrop. While the Dollar has shown some choppiness, the underlying trend ...
0
Mar 26
EURUSD
The cost of fuel is becoming absolutely ridiculous. Just filled up my car and it felt like I was paying for gold, not petrol. Makes you think twice about any journeys, doesn't it? Hope these prices st...
2
Mar 26
EURUSD
Regarding EURUSD today, I've been employing a gradual scaling-out approach on my longer-term long positions. As the price approaches key resistance levels, I've been reducing my exposure incrementally...
1
Mar 17
EURUSD
@stephanie8290 I noticed your short entry on EURUSD at 1.1575. Given the current bullish momentum and the RSI sitting around 66, it does appear to be a counter-trend scalp. My own approach tends to be...
0
Mar 17
EURUSD
And on that note, I also find it prudent to adjust stops as the trade develops. If a position moves favorably, I'll move my stop to breakeven or even into profit. For instance, if I enter a long trade...
0
Mar 17
XAUUSD
A relatively quiet week for XAUUSD, closing near the 5170 level. The 200-day SMA is just above at 5192, which could act as resistance next week. I'll be watching to see if gold can break through that ...
1
Mar 07
XAUUSD
Update: Considering the RSI is approaching overbought territory, a short-term correction might be in order. However, the overall sentiment seems cautiously optimistic. I'll be monitoring the opening p...
0
Mar 07
XAUUSD
@kavita94, regarding your query about profit targets, the R1 pivot at 5170 is a reasonable initial target, but it's essential to consider your risk tolerance. Given the RSI, aiming for a slightly high...
0
Mar 07
XAUUSD
The weekly close for XAUUSD was certainly interesting, especially with that late surge on Friday. The overbought RSI is a concern, suggesting a potential pullback. However, with the price comfortably ...
2
Mar 01
XAUUSD
Given the breaking news regarding the US and Israel's joint military strike on Iran, a gap opening on Monday seems highly probable. I'm expecting gold to gap up significantly as traders seek safe have...
0
Mar 01
XAUUSD
Following up on my previous comment, I think it's worth considering the possibility of a 'buy the rumour, sell the news' scenario after the initial gap. We might see an initial surge followed by profi...
0
Mar 01
ETHUSD
The current market sentiment for ETHUSD appears cautiously optimistic, though the proximity to the 200-day SMA around 1991.21 suggests a potential resistance level. While the price has shown some upwa...
0
Feb 21
ETHUSD
@duskrunner645, I agree that the 20 SMA is acting as a near-term resistance. However, before committing to a bearish strategy, consider the 50 SMA support around 1961. A break below that level might c...
0
Feb 21
ETHUSD
Nomusa, your point about the RSI is well-taken. It does indicate indecision. A sustained break above the R1 pivot, coupled with a rising RSI, could signal a stronger bullish move.
0
Feb 21