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Forex Trading - Season 14 - Business (164) - Nairaland

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Re: Forex Trading - Season 14 by Nobody: 9:54pm On Oct 21, 2014
All my trades are still intact, take profits hit on some, while others are dancing azonto.
Re: Forex Trading - Season 14 by Nobody: 10:19pm On Oct 21, 2014
iheanyiebeneze:
Technically speaking,USDCAD is approaching OVERSOLD territory. I will enter a Buy at 1.1180 for a 70pips take profit. RRR= 1;1
bro its like you know this EURUSD very well...it dropped down like you said yesterday. please stick and stay with this pair for maximum profitability.
Re: Forex Trading - Season 14 by Nobody: 10:26pm On Oct 21, 2014
frenchman2:


sir, did you say strange pairs? There's nothing strange about these pairs. As a matter of fact usdchf is one of the major pairs.
yeah i agree with you on USDCHF the antagonist twin of EURUSD. but most of these pairs are still illiquid, save for USDCHF. ever checked EURCHF? try and tell ur experience.
Re: Forex Trading - Season 14 by frenchman2: 1:21am On Oct 22, 2014
frenchman2:
juicy setup on gbpcad daily chart
price re-enters a previous tunnel/channel
resistance successfully broken and it's being tested by todays candle
let's see how it plays out.
NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES

trade closed. got it wrong. licking my wound.
we move on

2 Likes

Re: Forex Trading - Season 14 by lawson007(m): 7:24am On Oct 22, 2014
Aggrippa:
bro its like you know this EURUSD very well...it dropped down like you said yesterday. please stick and stay with this pair for maximum profitability.
he is usually the oracle for GU but may be his long vacation/offline thinz has changed his love to EU.But Gu is his strength.
I am currently on GA sell heavily i expect a serious crash from 1.8336 for 100-150 pips.
my Eurcad is still valid for BUY Ej has unfinished business downstairs.
Re: Forex Trading - Season 14 by Sunnycliff(m): 7:32am On Oct 22, 2014
Good monin all! Eyes open for fundamental news on GBP
Re: Forex Trading - Season 14 by omejeo: 7:42am On Oct 22, 2014
Sunnycliff:
Good monin all! Eyes open for fundamental news on GBP
what time sir
Re: Forex Trading - Season 14 by Nobody: 7:57am On Oct 22, 2014
mez:


Tried several, won some, got bit by some. But I'm with you on Dax and Dow. I love their movements. Currently long on Dow.

Look at your Dow trades, some retracements might be in the offing today. I bearish biased on oil, i think that nucca will get as low as 77.xx but I holding my guns until after the inventory release
Re: Forex Trading - Season 14 by Nobody: 8:25am On Oct 22, 2014
Thanks bros.Am back and better now.
lawson007:

he is usually the oracle for GU but may be his long vacation/offline thinz has changed his love to EU.But Gu is his strength.
I am currently on GA sell heavily i expect a serious crash from 1.8336 for 100-150 pips.
my Eurcad is still valid for BUY Ej has unfinished business downstairs.
Re: Forex Trading - Season 14 by Nobody: 8:27am On Oct 22, 2014
Yes. Thanks, the market still behaves the same way, my TRADING STRATEGY is still affective.
Aggrippa:
bro its like you know this EURUSD very well...it dropped down like you said yesterday. please stick and stay with this pair for maximum profitability.
Re: Forex Trading - Season 14 by Capitals: 9:24am On Oct 22, 2014
Capitals:


Here s how I closed shop myself. Not like it was solicited, was just inspired by the above

A sneak peep at what my portfolio looks like this morning. Hmm, This market and uncertainties. . . .

2 Likes

Re: Forex Trading - Season 14 by seyejohn94: 9:34am On Oct 22, 2014
Gold prices rose to the highest level in five
weeks on Tuesday amid the seasonal physical
demand from India and the lack of pressure by
the U.S. dollar.
Renewed physical buying is related to the
improved levels of demand for gold in India -
the world's second-largest consumer.
The wedding season is about to start, in
addition to Diwali Hindu festival, which usually
boosts prices at this time of the year. This
season, which starts November and extends to
December, is a peak consumption period for
gold jewelry.

2 Likes 1 Share

Re: Forex Trading - Season 14 by sojmann(m): 9:36am On Oct 22, 2014
Gj by 10am wink

Re: Forex Trading - Season 14 by seyejohn94: 9:58am On Oct 22, 2014
will sell gold with a close below 1247.1 50pips stp 1st tp @ 1236.4 from where buyers might step in...

disclaimer: nothing is guaranteed...

happy trading...
Re: Forex Trading - Season 14 by Nobody: 10:01am On Oct 22, 2014
seyejohn94:
Gold prices rose to the highest level in five
weeks on Tuesday amid the seasonal physical
demand from India and the lack of pressure by
the U.S. dollar.
Renewed physical buying is related to the
improved levels of demand for gold in India -
the world's second-largest consumer.
The wedding season is about to start, in
addition to Diwali Hindu festival, which usually
boosts prices at this time of the year. This
season, which starts November and extends to
December, is a peak consumption period for
gold jewelry.

Hmmmm..........didn't do much for gold this time last year o. In fact 4Q 2013 was particularly bad for gold

1 Like

Re: Forex Trading - Season 14 by Nobody: 10:02am On Oct 22, 2014
Bought DJIA and Dax
Re: Forex Trading - Season 14 by surveycash(m): 10:37am On Oct 22, 2014


My view for the week..

2014.10.22 10:06:59.782 sell GBPUSD& at 1.60237 -> sl: 1.60483 tp: 1.59431

2014.10.22 10:05:36.397 buy USDCHF& at 0.95107 -> sl: 0.94624 tp: 0.95850

2014.10.22 10:03:58.351 sell CADJPY& at 95.056 -> sl: 95.559 tp: 93.850

2014.10.22 10:03:06.698 buy EURAUD& at 1.44478 -> sl: 1.44069 tp: 1.46128

2014.10.22 10:02:15.213 buy GBPAUD& at 1.82424 -> sl: 1.81052 tp: 1.85637


2014.10.22 09:57:45.152 sell EURGBP& at 0.79170 -> sl: 0.79572 tp: 0.77951

2014.10.22 09:55:22.191 sell GBPJPY& at 171.182 -> sl: 173.177 tp: 167.175

2014.10.22 10:07:54.361 sell Gold at 1247.06 -> sl: 1259.22 tp: 1223.22

2014.10.22 10:00:25.419 sell DJ30 at 16581 -> sl: 16801 tp: 16270

2014.10.22 09:59:21.391 sell NASQ at 3973.00 -> sl: 3992.96 tp: 3891.08

2014.10.22 09:58:07.155 sell DAX30 at -> sl: 8985.57 tp: 8701.60

This is not a financial advise to take these trades. Follow @ your own risk.

2 Likes

Re: Forex Trading - Season 14 by Kirinwa: 10:39am On Oct 22, 2014
Kirinwa:
I have seen a sweet setup on GBPNZD for 600 pips minimum by next week.

Sell GN at market price around 2.0210 as at now
Stoploss 2.0400
Target 1.9600

Weekly chart confirms it.It has broken monthly PP.Do you know what it means? Enjoy.
Looking at longer time frame is the key to profitability in fx.

Don't be tempted to close this trade. Its a free fall. Target expected to be hit by Thursday next week.

I hope someone will learn from this.
Re: Forex Trading - Season 14 by surveycash(m): 12:00pm On Oct 22, 2014

Good day to everyone!

For today’s strategy we will take a look at the EURUSD pair because of very clear direction. As you know the USD has been gaining strenght for the past few months now and we do not see any changes so far, so we believe that the best plan is to stick with the direction of a stronger USD. With that said, we assume that EURUSD will fall even lower in this year, and that any rallies are most likely just corrections, or pauses within larger on going downtrend.

On a daily chart below we see a nice but strong downtrend that is in play already since start of May when price closed below the 200 ema. There was a retest in June which did was resisted by psychological level @ 1.370 which ushered in a free fall.

With that in mind, we suspect that bounce from 1.2500 level will give retracement of 38.2% to rejoin the bearish trend.

So technically speaking 1.28900-1.3000 is a nice area of resistance from where downtrend is expected to resume.

For short term trade, you can take a sell @ the close of the candle below the 21 ema and put your SL above the day's high with TP around 1.2500

Re: Forex Trading - Season 14 by phoenixfx: 12:21pm On Oct 22, 2014
USD JPY: Settin up for a great SELL

1 Like

Re: Forex Trading - Season 14 by latestsunny(m): 12:31pm On Oct 22, 2014
surveycash:

Good day to everyone!

For today’s strategy we will take a look at the EURUSD pair because of very clear direction. As you know the USD has been gaining strenght for the past few months now and we do not see any changes so far, so we believe that the best plan is to stick with the direction of a stronger USD. With that said, we assume that EURUSD will fall even lower in this year, and that any rallies are most likely just corrections, or pauses within larger on going downtrend.

On a daily chart below we see a nice but strong downtrend that is in play already since start of May when price closed below the 200 ema. There was a retest in June which did was resisted by psychological level @ 1.370 which ushered in a free fall.

With that in mind, we suspect that bounce from 1.2500 level will give retracement of 38.2% to rejoin the bearish trend.

So technically speaking 1.28900-1.3000 is a nice area of resistance from where downtrend is expected to resume.

For short term trade, you can take a sell @ the close of the candle below the 21 ema and put your SL above the day's high with TP around 1.2500



Great analysis, our strategy looks same but i use 50sma and 200sma
Re: Forex Trading - Season 14 by surveycash(m): 12:38pm On Oct 22, 2014
latestsunny:


Great analysis, our strategy looks same but i use 50sma and 200sma


50 sma too is great, esp for USD pairs.
Re: Forex Trading - Season 14 by Nobody: 1:11pm On Oct 22, 2014
Closed my buys on Dax and Dow, time to sit on my hands and watch price will do with the resistances everywhere.
Re: Forex Trading - Season 14 by natruetalk: 1:34pm On Oct 22, 2014
surveycash:


My view for the week..

2014.10.22 10:06:59.782 sell GBPUSD& at 1.60237 -> sl: 1.60483 tp: 1.59431

2014.10.22 10:05:36.397 buy USDCHF& at 0.95107 -> sl: 0.94624 tp: 0.95850

2014.10.22 10:03:58.351 sell CADJPY& at 95.056 -> sl: 95.559 tp: 93.850

2014.10.22 10:03:06.698 buy EURAUD& at 1.44478 -> sl: 1.44069 tp: 1.46128

2014.10.22 10:02:15.213 buy GBPAUD& at 1.82424 -> sl: 1.81052 tp: 1.85637


2014.10.22 09:57:45.152 sell EURGBP& at 0.79170 -> sl: 0.79572 tp: 0.77951

2014.10.22 09:55:22.191 sell GBPJPY& at 171.182 -> sl: 173.177 tp: 167.175

2014.10.22 10:07:54.361 sell Gold at 1247.06 -> sl: 1259.22 tp: 1223.22

2014.10.22 10:00:25.419 sell DJ30 at 16581 -> sl: 16801 tp: 16270

2014.10.22 09:59:21.391 sell NASQ at 3973.00 -> sl: 3992.96 tp: 3891.08

2014.10.22 09:58:07.155 sell DAX30 at -> sl: 8985.57 tp: 8701.60

This is not a financial advise to take these trades. Follow @ your own risk.

Thanks for the GA but no EJ & oyel bro
Re: Forex Trading - Season 14 by natruetalk: 1:44pm On Oct 22, 2014
oyel likely to be tricky today with d inventory data dt will be coming out later

for me i will be looking to SELL at dis current price except 82.8x breached with a move above 83.30

Re: Forex Trading - Season 14 by Sunnycliff(m): 1:46pm On Oct 22, 2014
Still counting my pips on FTSE bullish trail
Re: Forex Trading - Season 14 by Nobody: 1:56pm On Oct 22, 2014
Some caution to those wanting to sell DJIA and Dax, I remain bullish biased.

natruetalk:
oyel likely to be tricky today with d inventory data dt will be coming out later
for me i will be looking to SELL at dis current price except 82.8x breached with a move above 83.30

For oil, I am not so sure anymore, I will see what the data does to 83.00, could go either way imo even if I am bearish biased personally
Re: Forex Trading - Season 14 by natruetalk: 2:07pm On Oct 22, 2014
naijababe:
.
For oil, I am not so sure anymore, I will see what the data does to 83.00, could go either way imo even if I am bearish biased personally

except a move above 83.30 then i will BUY

until then i will be thinking to SELL or remain on d sideline. though look BULLISH @ d moment, patience & MM is d key jare
Re: Forex Trading - Season 14 by natruetalk: 2:08pm On Oct 22, 2014
double post
Re: Forex Trading - Season 14 by Nobody: 2:08pm On Oct 22, 2014
natruetalk:


except a move above 83.30 then i will BUY

until then i will be thinking to SELL or remain on d sideline. patience & MM is d key jare


I am on the sideline here o, 4pm I will follow it till Friday.......no lelee jor!!!
Re: Forex Trading - Season 14 by Nobody: 3:01pm On Oct 22, 2014
Confident to now sell DJIA, sold at market. Mental sl at 16680
Re: Forex Trading - Season 14 by natruetalk: 3:14pm On Oct 22, 2014
natruetalk:
oyel likely to be tricky today with d inventory data dt will be coming out later

for me i will be looking to SELL at dis current price except 82.8x breached with a move above 83.30

natruetalk:

except a move above 83.30 then i will BUY
until then i will be thinking to SELL or remain on d sideline. though look BULLISH @ d moment, patience & MM is d key jare

time to hit mkt, sell d oil and put SL above todays high and both eyes on 82.8x once a move above d bold put ur hand on d mouse to closed d game. cos inventories figure will be up soon, might affect or not d move. MM 1st

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