My trading journal with FXOpen

[Ifx78]

Hello world, how are you today? Yesterday, it rained around me, but it soon subsided. The air feels normal now.

Back to my trading journal today, I write down some words about my trading activity in the forex market, including all potential risks and gains.

After successfully logging into my account, I closed my buy gold trade with a profit. It seems investor interest in gold as a safe-haven asset hasn’t waned much. Furthermore, US-China trade tensions have increased the appeal of safe-haven assets. However, gold is currently near its peak near the upper band. The RSI indicates the overbought zone.

Pending orders on silver have not been reached by the price; although they did pull back, they are still in the middle of the band. The current price of silver is around 51,530, with potential for upside amidst global uncertainty.

In the crypto market, Bitcoin dropped again to around $113,000 after briefly rising to $115,000. The Fear and Greed Index shows a level of 42, indicating market participants are tending to be neutral towards crypto assets. Bitcoin has fallen 7.31% in seven days, according to Coinmarketcap data.

In the oil market, WTI is also under downward pressure, hovering around 58.23 and dropping as low as 57.35. Oversupply and a strengthening US dollar appear to be driving the decline in oil prices.

[Ifx78]

Hello world, how are you today? I hope the war is over and the world is more peaceful. Yesterday, the wind was quite strong with light rain around me.

Back to my trading journal today, I write down some words about my trading activity in the forex market, with all the risks and gains involved.

Actually, no trader wants to lose trades; however, losses are sometimes inevitable and must be accepted. Today, I successfully logged into my account. I have two active trading positions: USDCAD, open buy, and EURUSD, also open buy.

The current gold price is around $4,214, having successfully broken through $4,200 amid global uncertainty. Pending orders have remained untouched, and the price is continuing to rise. Similarly, silver has also risen above the $53,000 level. Safe-haven and industrial demand, along with a supply deficit, are catalysts for the silver price increase. Pending orders have also remained untouched, and the price is at a peak near the upper band.

In the crypto market, the price of Bitcoin remains depressed at around $111k after briefly rising to around $115k. It appears that more funds are flowing into safe-haven assets like gold than into cryptocurrencies. The Fear and Greed Index currently shows a level of 37, down from its previous neutral level. A level of 37 indicates market fear of declining crypto values.

Meanwhile, in the oil market, WTI is trading in a narrow range of 57.00-58.00, with prices moving near the lower band.

[Ifx78]

Hello world, how are you today? I hope the earth remains a comfortable place for humans, free from war, and living in eternal peace. It hasn’t rained, but the air is a bit hot around me.

Back to my trading journal today, write down some words about all my trading activity in the forex market, including all the risks and gains involved.

Login to account successfully. Today, there is one remaining active trade on the EURUSD pair, with a buy position still floating. One USDCAD position ended with a stop-loss.

Today, the price of gold soared again, reaching $4,379, dragging me into FOMO. Taking risks amidst the high possibility of a pullback due to market volatility.

In the crypto market, Bitcoin remains under downward pressure, now around $108,000, down again from $111,000. The Fear and Greed Index now shows 32, indicating the market is in a state of fear. Bitcoin has fallen 11.23% in a week, according to Coinmarketcap data.

In the oil market, WTI is also under pressure, with prices falling again to 56.95, extending previous declines. The market appears to be oversupplied.

[Ifx78]

Hello world, how are you today? It hasn’t rained for two days, and farmers are waiting for it to wet their fields.

Back to my trading journal today, writing a few words about forex trading activities with all its risks and potential profits.

At the market opening on Monday, there was one open position on the EURUSD pair.

The price of silver is currently around 51,719. Silver dropped on Friday due to profit-taking, leading to a correction. Here, a buy is opened, citing fundamental bullish silver prices due to the supply deficit and its role as a safe-haven asset.

Meanwhile, gold also made a sharp correction at the end of last week, from a high of 4379 to a low of 4185. The price is now around 4256, attempting to rebound from its sharp decline.

In the crypto market, Bitcoin is still struggling to rise, currently hovering around $109,000, near the $100,000 support level, which acts as a psychological market barrier. The Fear and Greed Index is currently at 27, indicating market fears. If the value drops further, it will approach zero. The possibility of a correction leading to a reversal is higher. Bitcoin has currently lost 5.39% in seven trading days, according to Coinmarketcap.

On the other hand, the price of WTI oil remains under pressure, hovering at 57.09, with the RSI indicator showing 32, near the oversold level. While the potential for a decline remains high, caution is advised regarding short-term corrections.

[Ifx78]

Hello world, how are you today? It rained quite heavily yesterday and for quite a while, and farmers are hoping to plant rice.

Back to my trading journal today, I write down some words about my trading activity in the forex market, including all the risks and gains.

Today, I have two open positions in silver and the EURUSD pair.

Silver prices are still expected to rise in the long term due to reports of a supply deficit, which may still affect silver prices this year. Silver is currently priced at 52,507 and is trending upwards after a sharp decline late last week.

On the other hand, gold prices are still gaining bullish momentum. Gold is currently at 4362 and is targeting 4500. However, the RSI indicates that gold is presently in overbought levels, so be wary of a technical reversal.

In the crypto market, Bitcoin is hovering around $110k, attempting a rebound after crashing to a low of $103k.

Elsewhere, WTI oil prices are also under downward pressure. Falling oil prices could impact the Canadian dollar, as the country relies heavily on oil exports to support its economy.

[Ifx78]

Hello world, how are you today? It rained for a long time yesterday, giving farmers hope for planting rice.

Back to my trading journal today, write down some words about my trading activity in the forex market, including all the risks and gains involved.

Yesterday’s trading position ended with a stop-loss hit. Silver prices dropped sharply, and EURUSD also fell. The market seems volatile; large profit-taking could trigger a sharp reversal, as happened with gold and silver.

However, there is still market optimism, awaiting the Fed’s next interest rate decision. If there is a cut, gold may rise again.

Gold is currently trading around 4120, consolidating after yesterday’s sharp decline.

In the crypto market, Bitcoin is still struggling and remains around $109,000. It has failed to extend its gains. The Fear and Greed Index is currently at 33, indicating the market is in a state of fear towards crypto assets. Bitcoin has fallen 3.58% in the past week, according to Coinmarketcap.

Oil prices, hovering around 57.40, are up slightly from the previous day’s low of 56.34, with oversupply fears likely to continue to influence oil prices.

[Ifx78]

Hello world, how are you today? It rained again yesterday, but with less intensity.

Back to my trading journal today, I’ll write down some words about my trading activity in the forex market, with all the risks and gains involved. Losses are sometimes inevitable, despite my desire to avoid them, but market dynamics could force me to fall into losses.

Today, I have two active positions in the major currency pairs EURUSD and USDCAD. Looking at the current gold price, I’m still hesitant to take a long position because yesterday’s gold price was still bearish. However, I placed a buy stop above 4160, with the scenario that if it breaks through the key level, the price will rise further.

The Bitcoin price today is still around $107,000, and yesterday tended to draw a bearish candle. It seems market confidence hasn’t fully recovered after its sharp drop.

Slightly different from oil prices today, there was a gap up in WTI, with oil prices rising to around 59.63.

[Ifx78]

Hello, world. How are you today? Yesterday, it rained lightly for a while.

Back to my trading journal today, I’ll rewrite some words about my trading activity in the forex market, with all the risks and gains involved.

Today, I had a floating position in silver. After a sharp decline, silver prices appeared to be correcting, and I predicted the price would rise again. However, it is currently experiencing negative unrealized profit, although it hasn’t hit its stop-loss.

The current gold price is still around 4118, tending to move steadily. Above the nearest peak, the pending buy stop order hasn’t been touched by the dynamic price movement.

In the crypto market, Bitcoin is attempting a recovery, with the price currently hovering around $110,000, from a low of $118,000. However, Bitcoin’s gains are still limited below the middle band. The Fear and Greed Index is currently at 28, indicating market fear and potential for upside as the price may be undervalued.

In the oil market, WTI has risen for three consecutive days, attempting to recover losses. The current WTI crude oil price is at 61.40.

[Ifx78]

Hello world, how are you today? It didn’t rain yesterday; only the clouds dimmed the sunlight.

Back to my trading journal today, I write again some words about my trading activity in the forex market, with all the risks and gains involved.

Today, positions are floating on the XAGUSD and USDJPY pairs. Silver prices are still consolidating after last week’s sharp decline. Stop-loss orders haven’t been touched, and prices haven’t risen significantly.

Similarly, gold is currently around 4082. Buy stop orders haven’t been touched because prices are still under limited pressure.

Bitcoin’s price is currently rising to around $114k. It seems the market is gaining confidence in Bitcoin, and this tends to happen when gold prices fall or stabilize. Perhaps more funds flow into riskier assets when safe-haven demand decreases.

Oil prices are also trending upwards, currently hovering around 61.92 for WTI. US sanctions on Russia may be affecting the supply chain, causing price increases.

[Ifx78]

Hello world, how are you today? It was drizzling yesterday, although the sky was overcast most of the day.

Back to my trading journal today, I’ll write down some words about my forex trading activity, including all the risks and gains involved.

I suffered a loss yesterday when my silver order hit a stop-loss. Today, the silver price plummeted to around 46,937, crossing the middle band from the upper side, extending the correction toward the lower band.

Gold prices followed a similar trend, falling sharply, drawing a bearish candle. Gold is currently around 3,990 near the lower band on the H1 timeframe. If the Fed maintains interest rates, gold may face further pressure. Conversely, if the Fed cuts interest rates, gold may rise again.

In the crypto market, Bitcoin corrected to $114k and briefly reached $116k. The Fear and Greed Index currently shows a level of 42, indicating a neutral market. However, this figure is higher than before, reflecting increased crypto adoption, reflecting a risk-on market that favors riskier assets.

In the oil market, WTI held steady around 61.00 after a strong rebound earlier.

[Ifx78]

Hello world, how are you today? It rained heavily yesterday for quite some time.

Back to my trading journal today, I’ll write again some words about trading activity on the forex market, with all the risks and gains involved.

Today’s market: gold prices are still trending downward, reaching a low of 3,886 yesterday, extending the previous sharp decline after reaching an all-time high. There appears to be massive profit-taking in gold, causing the price to plummet. However, this presents a long-term opportunity to capitalize on gold at a low price. It is possible to try the Dollar Cost Averaging strategy.

In the crypto market, Bitcoin fell to around $113k on Tuesday. However, the price remains above the middle band, with the BB line contracting, indicating decreasing volatility. The Fear and Greed Index is currently at 42, indicating a neutral market. Bitcoin has risen 3.77% in seven days, according to current Coinmarketcap data. This reflects a positive market sentiment toward crypto assets, especially Bitcoin.

In the oil market, WTI fell again yesterday after several days of steady movement within the range; now the price has dropped to the level of 59.93.

[Ifx78]

Hello world, how are you today? Yesterday, only clouds covered my sky, but it didn’t rain.

Back to my trading journal today, I write down a few words again about my trading activity in the forex market with all the risks and gains involved.

The stop-loss position on BTCUSD has been triggered. Today, there is a floating position in gold, or XAUUSD. Yesterday, gold fell after the Fed decided to cut interest rates. This seems to be at odds with theory; the USD actually strengthened shortly after the interest rate announcement. Gold fell to a low of 3914. However, in the long term, the USD is expected to weaken due to the unmet inflation target and the weakening US labor market.

Bitcoin also fell yesterday, also impacted by the strengthening USD. BTC is now around $111k, moving near the middle band line. The Fears and Greed Index currently shows a level of 39, indicating the market is in a fear level, down from the previous level of 42.

In the oil market, WTI is steady at around 60.00, moving near the middle band. The RSI level shows a flat line at 47, indicating a dominant downtrend.

[Ifx78]

Hello world, how are you today? I hope nature remains a friend to humanity, and the earth remains a comfortable place to stand.

Back to my trading journal today, I write down some words about my forex trading activity, with all the risks and gains involved. No perfect trader always wins in every action.

Today, the price of gold has risen again above the key $4,000 level and has climbed to around 4,032. After the Fed cut interest rates, it is expected to push gold prices up again.

Elsewhere, the price of Bitcoin remains depressed around $107,000 and is at a support level near the lower band. The Fear and Greed Index currently shows a level of 34, falling further towards the fear level, indicating the market is becoming increasingly fearful if the price continues to fall. Bitcoin is down 1.95% in a week, according to Coinmarketcap.

While the price of WTI oil remains stable near 60.00, it appears there is still a possibility of a decline amid concerns about excess supply.

[Ifx78]

Hello world, how are you today? The sky is a bit cloudy above my roof. It might rain later.

Back to my trading journal today, on Monday at the beginning of this week. Write again some words about my trading activity in the forex market.

There are open positions in gold and USDCAD that have not been finished today. The gold price is currently moving around 3993. It seems the market has yet to confirm whether gold will trend bullish or bearish. However, I have prepared a stop-loss order in case gold falls again.

Meanwhile, in the crypto market, Bitcoin’s price is around $110l, trying to rise and moving near the middle band line. The Fear and Greed Index is currently showing a level of 35, indicating market fears of further price declines. In seven days, Bitcoin has fallen by 3.65% according to Coinmarketcap.

Meanwhile, the price of WTI oil is currently around 61.07, a slight increase, but concerns about oversupply may limit gains.

[Ifx78]

Hello world, how are you today? Yesterday’s rain fell heavily, flooding the farmland in my area.

Back to my trading journal today, I write a few more words about my trading activity in the forex market with all the risks and gains involved.

Gold prices are currently stable around $4,000, with yesterday’s movement remaining within a narrow range marked by a Bollinger band squeeze. Gold typically performs well during times of high inflation, but the strengthening US dollar currently appears to be weighing on gold. In the short term, it may remain within this range unless there is unexpected news.

In the crypto market, Bitcoin is also under pressure at around $106,000, near the lower band, which acts as dynamic support. This is also the impact of the strengthening USD. The Fear and Greed Index shows a level of 36, reflecting a more fearful market sentiment towards a price decline. Bitcoin is down 6.77% in the week according to Coinmarketcap at the time of this writing.

In the oil market, WTI is steady in a range near 60.76, slightly above the middle band, with the impact of oversupply still looming over oil prices.

[Ifx78]

Hello world, how are you today? Yesterday it was cloudy, the rain fell briefly, then stopped.

Back to my trading journal today, writing again some words about trading activity in the forex market with all the risks and gains involved.

Gold prices have now fallen below $4,000, hovering around 3,938. This decline appears to be due to the strengthening USD, as evidenced by the DXY value, which rose significantly and broke through 100,000 yesterday. Gold is currently in a floating position.

In the crypto market, conditions are similar. Bitcoin has plummeted to $101k, as if there is no hope of its price rising further by the end of the year. The Fear and Greed Index is observed at 27, indicating the market is increasingly fearful of a decline in Bitcoin’s price. Over the past seven days, Bitcoin has fallen 10.51%, according to Coinmarketcap data.

Elsewhere, oil prices are stable at around 60,00 despite the strengthening USD, likely due to stable demand and balanced supply. However, oversupply fears still loom over oil prices.

[Ifx78]

Hello world, how are you today? It’s just clouds and drizzle around me now.

Back to my trading journal today, write again some words about my trading activity in the forex market, with all the risks and gains involved.

Gold prices appear to still be in a consolidation phase, moving within a range. Gold is currently trading around 3969, near the middle band. The USD is still tending to strengthen, as seen by the DXY value, which has reached 100.00.

Bitcoin’s price rose yesterday, trying to recover after plunging to a low of $98k. It is currently around $103k. The Fear and Greed Index is showing a level of 20, indicating market fears of further declines. Bitcoin is down 6.17% in seven days.

The WTI oil market corrected downwards to around the 59 price level. Oversupply fears may still be driving the decline in oil prices.

[Ifx78]

Hello world, how are you today? It’s just a drizzle, with more clouds covering my sky for most of the day.

Back to my trading journal today, write down a few more words about trading activity in the forex market with all the risks and gains involved. Withdrawals run smoothly.

Today, looking at the floating position in gold, the price of gold is still tending to move within a range. The Bollinger band squeeze on the H4 timeframe reflects low volatility, with movement between the upper and lower bands. Gold is currently trading around $3979.

In the crypto market, Bitcoin briefly rose to around $103,000, but eventually dropped back to a low of $101,000. The Fear and Greed Index currently shows a level of 24, indicating the market remains fearful of the possibility of further price declines. Bitcoin has fallen 6.19% in seven days, according to Coinmarketcap metrics.

Meanwhile, in the oil market, WTI is still overshadowed by fears of oversupply and sluggish demand.