surveycash2:
@ Seun, I know you are oga of nairaland. You don't have to keep b a n n in g me to show it nah. Ok Oga Seun, unban Surveycash oo so I can proceed.

samfaj:
Abeg who get d contact of Oga Seun, so that we can talk 2 him 2 stop banning our mentor ooo...because we seriously need ds lectures ooo...!!!

Na like this we go dey go? I'm gradually being frustrated out of here by Seun and his mods

surveycash2:


Na like this we go dey go? I'm gradually being frustrated out of here by Seun and his mods

Tonjeola1:
already...

OMARANYA: I really love what is going on here. However, I will suggest the lecturer tries out other avenues to continue his good works. You can try using Skype for the lectures or create a page on Facebook for lectures. Do not allow the excesses of others to prevent you from fulfilling your desires. More grease to your elbows.

2jideofor: Hmm well done surveycash... if you need any help with your blog, SEO and traffic generation, let me know and I will help rank your website with valuable tips

2sexy

surveycash2:

I'll really count on your help. Your earlier suggestions proved you know you onions well. Thanks

Rhemite: JUST GOT IN NOW AND AM STILL A LEARNER HEHE. I AM TRUELLY INTERESTED IN FOREX TRADING .

2jideofor: Anytime bro... we can make this an international platform where people could learn forex. I have left babypips and I am now here based on rozay's recommendation...

Mr_Nice_Guy: and also i dont understand the idea of lot size, i dont know how much i set out for a trade when i use any lot sub multiples... is they any constant...?

2jideofor: Hmm well done surveycash... if you need any help with your blog, SEO and traffic generation, let me know and I will help rank your website with valuable tips



2sexy

OMARANYA: F
Sorry to deviate from the topic of the site. Please Mr Jideofor, I think I'll be needing ur help. Please how can I contact you.

2jideofor: [size=40pt]ATTENTION![/size]

This is to inform the house as message from SurveyCash himself. He ask me to tell all that he has not abandoned you but just serving his ban. Isnt that ridiculouse?

Banning someone that is affecting lives positively?

surveycash2: Lesson 12: Analysising the forex market cont'd

We have looked at technical analysis in our previous lessons where we learnt how to generate signals to open a position. In our next class, we'll be looking at Fundamental Analysis. Before we proceed, we'll like to take a look at the last trade we took on Friday 15 February, 2013.

If you have not forgotten, on that day, our system generate a BUY signal for EURJPY. We bought[b] EURJPY @ 124.96 SL:124.46 TP: 125.96. [/b]

The trade did not reach any of the limits (SL or TP) that Friday. On Monday 18 Feb 2013, EURJPY rose up to 125.88 (92 pips, which 8 pips to our 100pips TP target) as shown by candle B. There was a retest of this point @ candle C before EURJPY finally crashed hitting our 50 pips SL @ 124.46. This showed that points B & C are strong resistances and EURJPY could not break it.

[img]http://dc586.4shared.com/img/Kd5pQivy/s7/analysis.PNG?async[/img]
In this analysis that we could not reach the take profit level, does that mean we lost money because in the table showing the trade history i could see -58 or something like that?thanks


To check the properties (open, close, high and low) of candlesticks, just place your cursor on the Open of the candle as shown below

[img]http://dc586.4shared.com/img/pEutGd2f/s7/analysis_3.PNG?async[/img]


You can check the history of all your trades under the terminal window. Just click Account History and you'll see all your placed trades. The wins will be in green while the loss in pink as you can see for the EURJPY trade.

[img]http://dc586.4shared.com/img/Sc8GgzzF/s7/0.9121019384264341/analysis_2.PNG?async[/img]


Candle D closed below ema 21 showing a possible sell signal and was confirmed by candle E. At this point (E) one could enter a sell signal to target 100 pips.

[img]http://dc586.4shared.com/img/Kd5pQivy/s7/analysis.PNG?async[/img]


You can use the Cross Hair to check the number of pips.
Click the Cross Hair icon. Move it around and like a sniper, target where the point of interest.
Hold the left mouse and drag to the point of interest.

[img]http://dc586.4shared.com/img/TWqFNcP3/s7/analysis_4.PNG?async[/img]

I wanted to see the number of pips EURJPY has moved. I took the Cross Hair and placed at the close of the candle (point C) where I would have sold EURJPY and dragged to point F which is the lowest low it reached. You can see 4/194/122.27 below the line F. The 194 reps number of pips while 122.27 reps the price of EURJPY @ that point. This means if you sold EURJPY @ point C, you would have made the 100pips target since it moved 194 pips downward.

This is all about the commentary on our last trade. If there is any grey areas about this analysis, please feel free to ask questions as we are gradually entering into the game. If you are lost, please cry out now so we can rescue you before we go far ooo.

In lesson 13 God's willing, we shall delve into the world of fundamental analysis.

Assignment
1. We are going to add more pairs to trade. So open new charts for EURUSD, EURAUD and insert the ema 21 for each and
timeframe of 4hours just as we did for EURJPY.

2. Place at least 1 trade next week and report your result.
Submission deadline: Thursday 28 February 2013.
Failure to submit this attracts penalties.
100 marks.

surveycash2: Lesson 12: Analysising the forex market cont'd

We have looked at technical analysis in our previous lessons where we learnt how to generate signals to open a position. In our next class, we'll be looking at Fundamental Analysis. Before we proceed, we'll like to take a look at the last trade we took on Friday 15 February, 2013.

If you have not forgotten, on that day, our system generate a BUY signal for EURJPY. We bought[b] EURJPY @ 124.96 SL:124.46 TP: 125.96. [/b]

The trade did not reach any of the limits (SL or TP) that Friday. On Monday 18 Feb 2013, EURJPY rose up to 125.88 (92 pips, which 8 pips to our 100pips TP target) as shown by candle B. There was a retest of this point @ candle C before EURJPY finally crashed hitting our 50 pips SL @ 124.46. This showed that points B & C are strong resistances and EURJPY could not break it.

[img]http://dc586.4shared.com/img/Kd5pQivy/s7/analysis.PNG?async[/img]

In this analysis that we could not reach the take profit level, does that mean we lost money because in the table showing the trade history i could see -58 or something like that?thanks


To check the properties (open, close, high and low) of candlesticks, just place your cursor on the Open of the candle as shown below

[img]http://dc586.4shared.com/img/pEutGd2f/s7/analysis_3.PNG?async[/img]


You can check the history of all your trades under the terminal window. Just click Account History and you'll see all your placed trades. The wins will be in green while the loss in pink as you can see for the EURJPY trade.

[img]http://dc586.4shared.com/img/Sc8GgzzF/s7/0.9121019384264341/analysis_2.PNG?async[/img]


Candle D closed below ema 21 showing a possible sell signal and was confirmed by candle E. At this point (E) one could enter a sell signal to target 100 pips.

[img]http://dc586.4shared.com/img/Kd5pQivy/s7/analysis.PNG?async[/img]


You can use the Cross Hair to check the number of pips.
Click the Cross Hair icon. Move it around and like a sniper, target where the point of interest.
Hold the left mouse and drag to the point of interest.

[img]http://dc586.4shared.com/img/TWqFNcP3/s7/analysis_4.PNG?async[/img]

I wanted to see the number of pips EURJPY has moved. I took the Cross Hair and placed at the close of the candle (point C) where I would have sold EURJPY and dragged to point F which is the lowest low it reached. You can see 4/194/122.27 below the line F. The 194 reps number of pips while 122.27 reps the price of EURJPY @ that point. This means if you sold EURJPY @ point C, you would have made the 100pips target since it moved 194 pips downward.

This is all about the commentary on our last trade. If there is any grey areas about this analysis, please feel free to ask questions as we are gradually entering into the game. If you are lost, please cry out now so we can rescue you before we go far ooo.

In lesson 13 God's willing, we shall delve into the world of fundamental analysis.

Assignment
1. We are going to add more pairs to trade. So open new charts for EURUSD, EURAUD and insert the ema 21 for each and
timeframe of 4hours just as we did for EURJPY.

2. Place at least 1 trade next week and report your result.
Submission deadline: Thursday 28 February 2013.
Failure to submit this attracts penalties.
100 marks.

surveycash2: Lesson 12: Analysising the forex market cont'd

We have looked at technical analysis in our previous lessons where we learnt how to generate signals to open a position. In our next class, we'll be looking at Fundamental Analysis. Before we proceed, we'll like to take a look at the last trade we took on Friday 15 February, 2013.

If you have not forgotten, on that day, our system generate a BUY signal for EURJPY. We bought[b] EURJPY @ 124.96 SL:124.46 TP: 125.96. [/b]

The trade did not reach any of the limits (SL or TP) that Friday. On Monday 18 Feb 2013, EURJPY rose up to 125.88 (92 pips, which 8 pips to our 100pips TP target) as shown by candle B. There was a retest of this point @ candle C before EURJPY finally crashed hitting our 50 pips SL @ 124.46. This showed that points B & C are strong resistances and EURJPY could not break it.

[img]http://dc586.4shared.com/img/Kd5pQivy/s7/analysis.PNG?async[/img]

In this analysis that we could not reach the take profit level, does that mean we lost money because in the table showing the trade history i could see -58 or something like that?thanks


To check the properties (open, close, high and low) of candlesticks, just place your cursor on the Open of the candle as shown below

[img]http://dc586.4shared.com/img/pEutGd2f/s7/analysis_3.PNG?async[/img]


You can check the history of all your trades under the terminal window. Just click Account History and you'll see all your placed trades. The wins will be in green while the loss in pink as you can see for the EURJPY trade.

[img]http://dc586.4shared.com/img/Sc8GgzzF/s7/0.9121019384264341/analysis_2.PNG?async[/img]


Candle D closed below ema 21 showing a possible sell signal and was confirmed by candle E. At this point (E) one could enter a sell signal to target 100 pips.

[img]http://dc586.4shared.com/img/Kd5pQivy/s7/analysis.PNG?async[/img]


You can use the Cross Hair to check the number of pips.
Click the Cross Hair icon. Move it around and like a sniper, target where the point of interest.
Hold the left mouse and drag to the point of interest.

[img]http://dc586.4shared.com/img/TWqFNcP3/s7/analysis_4.PNG?async[/img]

I wanted to see the number of pips EURJPY has moved. I took the Cross Hair and placed at the close of the candle (point C) where I would have sold EURJPY and dragged to point F which is the lowest low it reached. You can see 4/194/122.27 below the line F. The 194 reps number of pips while 122.27 reps the price of EURJPY @ that point. This means if you sold EURJPY @ point C, you would have made the 100pips target since it moved 194 pips downward.

This is all about the commentary on our last trade. If there is any grey areas about this analysis, please feel free to ask questions as we are gradually entering into the game. If you are lost, please cry out now so we can rescue you before we go far ooo.

In lesson 13 God's willing, we shall delve into the world of fundamental analysis.

Assignment
1. We are going to add more pairs to trade. So open new charts for EURUSD, EURAUD and insert the ema 21 for each and
timeframe of 4hours just as we did for EURJPY.

2. Place at least 1 trade next week and report your result.
Submission deadline: Thursday 28 February 2013.
Failure to submit this attracts penalties.
100 marks.

cashkid:
Does that mean that we lost some cash in the above illustrations becos i could see something like -58 in our trade history table shown above. thanks