Farmerfx trading journal

Posts: 22062 · #61 - February 09, 2026, 12:08:25 AM

Quote from: farmerfx on February 08, 2026, 11:12:13 PM

Gold hovered near the upper band and briefly broke through the high. I hastily opened a long position with a stop-loss below the middle band. This may have been speculative amidst the volatile USD, which had strengthened after Trump recently selected a Fed chair Kevin Warsh as known for his hawkish policy stance.

Opening a long position immediately after the gold price breaks through the upper band without further confirmation tends to be speculative, as this area is often overbought and prone to false breakouts?especially in volatile conditions.

Posts: 1305 · #62 - February 09, 2026, 12:25:01 AM

The movement of gold is very significant, this week I am not trading in the gold market

Posts: 57 · #63 - February 10, 2026, 11:08:28 PM

Today, I'm still holding my long position in silver, with my stop-loss untouched, despite silver's slight decline yesterday. Today, the market is likely awaiting new catalysts, including upcoming news releases from the US, including the NFP and labor data, which could trigger volatility.

Posts: 22062 · #64 - February 10, 2026, 11:17:42 PM

Quote from: farmerfx on February 10, 2026, 11:08:28 PM

Today, I'm still holding my long position in silver, with my stop-loss untouched, despite silver's slight decline yesterday. Today, the market is likely awaiting new catalysts, including upcoming news releases from the US, including the NFP and labor data, which could trigger volatility.

Changes in expectations regarding interest rates and the strength of the US dollar typically have a direct impact on silver prices. Under these conditions, the market often consolidates while awaiting confirmation of the direction of these economic data.

Posts: 57 · #65 - February 12, 2026, 11:17:51 PM

GBP/JPY has been trending bearish over the past few days. The UK's volatile political situation is putting pressure on the pound sterling, compounded by slow economic growth. Meanwhile, Japan is experiencing political stability after Prime Minister Sanae Takaichi won the election. Here, I'm trying to place a pending sell limit order near resistance.

#66 - **Today** at 03:13:05 PM

Posts: 22062 · #66 - February 13, 2026, 06:16:39 AM

Quote from: farmerfx on February 12, 2026, 11:17:51 PM

GBP/JPY has been trending bearish over the past few days. The UK's volatile political situation is putting pressure on the pound sterling, compounded by slow economic growth. Meanwhile, Japan is experiencing political stability after Prime Minister Sanae Takaichi won the election. Here, I'm trying to place a pending sell limit order near resistance.

Regarding pressure on the pound sterling due to the UK's unstable political situation and slowing economic growth. These factors could indeed cause the GBP to weaken as investor sentiment becomes defensive and capital flows seek safer assets.

Posts: 57 · #67 - February 15, 2026, 11:43:43 PM

Quote from: farmerfx on February 12, 2026, 11:17:51 PM

GBP/JPY has been trending bearish over the past few days. The UK's volatile political situation is putting pressure on the pound sterling, compounded by slow economic growth. Meanwhile, Japan is experiencing political stability after Prime Minister Sanae Takaichi won the election. Here, I'm trying to place a pending sell limit order near resistance.

The pending order was finally activated, and the position was floating at the end of the week. At the market open, I decided to cut profits because the pair was technically stuck at the support level of 207,550.

Posts: 57 · #68 - February 16, 2026, 11:07:07 PM

Today, China is on holiday for the Chinese New Year, so silver and gold markets are expected to trade flat during the Asian session. However, movement could occur in the New York market. For silver, I prefer to wait and see, also monitoring the US dollar index.

Posts: 22062 · #69 - February 17, 2026, 02:15:09 AM

Quote from: farmerfx on February 16, 2026, 11:07:07 PM

Today, China is on holiday for the Chinese New Year, so silver and gold markets are expected to trade flat during the Asian session. However, movement could occur in the New York market. For silver, I prefer to wait and see, also monitoring the US dollar index.

Indeed, during the Chinese New Year holiday in China, market activity in Asia, including among Chinese market players, tends to decrease. Liquidity during the Asian session can be thinner than usual, especially for commodities like gold and silver, which are heavily traded by Asian market players.

Posts: 57 · #70 - February 18, 2026, 11:43:33 PM

Oil prices rose yesterday, in line with Iran's closure of the Strait of Hormuz for military exercises, amid the possibility of war with the US, which has sent warships into Iranian waters. However, oversupply still allows for restraint in the rally. Therefore, I attempted to sell XTIUSD with a stop-loss above the high.

Posts: 57 · #71 - February 19, 2026, 11:59:14 PM

Oil hit stop loss as the price continue rising. Gold prices are tending to stabilize, appearing to be consolidating near the psychological $5,000 level. The current price is around $4,989. A strengthening USD is weighing on gold, but upside potential exists if geopolitical risks escalate and a no-deal agreement is reached between the US and Iran. The market is awaiting further news updates.

Posts: 57 · #72 - February 22, 2026, 11:36:09 PM

This morning, I saw gold and silver prices gaining bullish momentum. This may be partly due to market concerns about a potential war between the US and Iran, which are currently on the verge of a military confrontation. So, I speculated that silver would be strongly bullish if tensions escalate and there is no agreement between the US and Iran regarding Iran's nuclear program.

Posts: 57 · #73 - February 23, 2026, 11:18:46 PM

If the US-Iran nuclear deal fails, gold may rebound, but if a deal is reached, profit-taking could trigger a sharp correction. At the very least, stop-loss orders have been modified as a precaution.

Posts: 57 · #74 - February 25, 2026, 11:25:51 PM

Yesterday, silver depreciated to a low of $88,191, but it hadn't hit my stop-loss, so I left it in the hope that the uptrend would continue. Meanwhile, the gold position hit its stop-loss in a small profit at the break-even point.

Posts: 57 · #75 - February 26, 2026, 11:30:00 PM

Gold prices remain stable above $5,000, with US-Iran tensions having so far not significantly impacted gold. Another challenge is if the Fed keeps interest rates on hold, which would typically weigh on gold as investors seek yield-generating assets. However, if a US-Iran military confrontation erupts, gold could potentially rise even higher.