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Nairaland Forum / Nairaland / General / Business / Forex Trading - Season 14 (317025 Views)
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Re: Forex Trading - Season 14 by Hunkyimage(m): 9:47pm On Aug 04, 2014 |
fxbomovi: where is Tom? Una lyk dis guy o... i fit swear! He kept d thread going with his yarns,shey? |
Re: Forex Trading - Season 14 by mez(m): 10:11pm On Aug 04, 2014 |
phoenixfx: Spread on oil is 4 pips, gold is 5 pips. Dollar pairs, 2 pips |
Re: Forex Trading - Season 14 by phoenixfx: 10:26pm On Aug 04, 2014 |
Thanks Latestsunny and Mez..... |
Re: Forex Trading - Season 14 by sojmann(m): 11:26pm On Aug 04, 2014 |
First time trading the daily
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Re: Forex Trading - Season 14 by sojmann(m): 11:36pm On Aug 04, 2014 |
4Hr Trades
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Re: Forex Trading - Season 14 by ephisi(m): 7:08am On Aug 05, 2014 |
I specialize in the Eurusd. Swing trades only. Minimum of 100pip profit using 20pips stoploss. Eu is my baby. Eu is due for a correction but bulls lack the steam to drive this up. We have been in consolidstion since the start of the new week. This could go anywhere. A break of 1.3440 sees eu heading for 1.3478/1.3500 while a break of 1.3400 will see us testing 1.3380/1.3366 area. We could range between 1.3440 and 1.3400 until thursdayI expect eu to retest 1.3380/1.3366 area and hold before heading for 1.3500.Reasons being geopolitical risks, thursdasy ecb press conference/mario draghi factor as well as technical analysis. Im currently short from 1.3420 expecting to buy at d bottom. If the bottom breaks i will hold to 1.3300 and watch what happens. Have a great trading day. Nb i do not watch charts allday. I also advise traders to minimize charttime and reading too much of forums while trading. It will mess up your mind. Im speaking from 8yrs experience. Plan your trades, believe and trade your plan. Happy trading 6 Likes |
Re: Forex Trading - Season 14 by sojmann(m): 7:10am On Aug 05, 2014 |
News fit spoil the parade Exiting GA,GJ and NU at BE .............decided to leave NU and GJ ojare |
Re: Forex Trading - Season 14 by Jaidooo(m): 7:14am On Aug 05, 2014 |
gold looks good for a long postion. Buy at 1290.xx, SL at 1285.xx and TP at 1309.xx Harmonic traders, there's a bat pattern emerging on the 4hr chart.
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Re: Forex Trading - Season 14 by lawson007(m): 7:28am On Aug 05, 2014 |
Well it seems clearer now that the naira will gain strength against the dollar in the next few days.The SELL signal is still holding.U can always view this chart on demo accounts only for instaforex platform.
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Re: Forex Trading - Season 14 by phoenixfx: 8:45am On Aug 05, 2014 |
HEADS UP !!!.....GBP USD going on a minor retracement on 1hr TF. Setting up a fakish sell move for dumbies and then powering up for a BUY trade on Services PMI news release by 9:30am. |
Re: Forex Trading - Season 14 by phoenixfx: 8:53am On Aug 05, 2014 |
phoenixfx: HEADS UP !!!.....GBP USD going on a minor retracement on 1hr TF. Setting up a fakish sell move for dumbies and then powering up for a BUY trade on Services PMI news release by 9:30am. Same scenario playing out on EUR USD....sister curr pair.......of course USD CHF on bullish fake move for a BIG SELL later |
Re: Forex Trading - Season 14 by sojmann(m): 8:55am On Aug 05, 2014 |
phoenixfx: HEADS UP !!!.....GBP USD going on a minor retracement on 1hr TF. Setting up a fakish sell move for dumbies and then powering up for a BUY trade on Services PMI news release by 9:30am. Ok o... |
Re: Forex Trading - Season 14 by phoenixfx: 8:57am On Aug 05, 2014 |
Sojmann....i love the way u read the Centre of Gravity Indicator on ur charts. Care to share the indy? Thanks |
Re: Forex Trading - Season 14 by phoenixfx: 9:05am On Aug 05, 2014 |
USD CAD....there's still a little room for the 4hr to retest the 1.09334 but expect a minor dip in the 1hr TF now. Pls after the 4 hr retest of the daily high (1.09334) expect a SELL TRADE FOR THE PAIR FOR THE WEEK |
Re: Forex Trading - Season 14 by sojmann(m): 9:18am On Aug 05, 2014 |
phoenixfx: Sojmann....i love the way u read the Centre of Gravity Indicator on ur charts. Care to share the indy? Thanks Attached below HINT:Look for reaction between the thick red/green line and the dotted line! I also wait for MACD track trend to give the same direction on the 4hr Also,trade in the direction of the COG But for counter trend trades you can trade in the opposite direction provided you get a COMPLETE signal If COG is flat/horizontal,you can trade in both directions Study the attached chart 2 Likes
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Re: Forex Trading - Season 14 by phoenixfx: 9:20am On Aug 05, 2014 |
sojmann: Thanks very much and more green pips to you. enjoy |
Re: Forex Trading - Season 14 by ephisi(m): 9:36am On Aug 05, 2014 |
ephisi: I specialize in the Eurusd. Swing trades only. Minimum of 100pip profit using 20pips stoploss. Eu is my baby. Eu is due for a correction but bulls lack the steam to drive this up. We have been in consolidstion since the start of the new week. This could go anywhere. A break of 1.3440 sees eu heading for 1.3478/1.3500 while a break of 1.3400 will see us testing 1.3380/1.3366 area. Patience to let your trade playout is key in trading. We have just taken out daily pivot at 1.3420 and weekly pivot at 1.3412. On the eurusd . Nextstop to test 1.3380. Im confident 1.3400 will give way. More updates as trade develops. |
Re: Forex Trading - Season 14 by phoenixfx: 9:42am On Aug 05, 2014 |
phoenixfx: HEADS UP !!!.....GBP USD going on a minor retracement on 1hr TF. Setting up a fakish sell move for dumbies and then powering up for a BUY trade on Services PMI news release by 9:30am. WHOOOO!!!!!.....i hope u guys caught the move
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Re: Forex Trading - Season 14 by sojmann(m): 9:45am On Aug 05, 2014 |
phoenixfx: HEADS UP !!!.....GBP USD going on a minor retracement on 1hr TF. Setting up a fakish sell move for dumbies and then powering up for a BUY trade on Services PMI news release by 9:30am. Google double low,higher close......
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Re: Forex Trading - Season 14 by phoenixfx: 9:48am On Aug 05, 2014 |
Ok Sojmann...will do |
Re: Forex Trading - Season 14 by suolboy(m): 10:35am On Aug 05, 2014 |
sojmann:please, is the COG an indicator to be loaded just like we load out custom indicators? |
Re: Forex Trading - Season 14 by sojmann(m): 10:39am On Aug 05, 2014 |
suolboy: yes.......then load the attached template in the zipfile |
Re: Forex Trading - Season 14 by suolboy(m): 11:03am On Aug 05, 2014 |
sojmann:ok. thanks man. I will try it. |
Re: Forex Trading - Season 14 by phoenixfx: 11:22am On Aug 05, 2014 |
phoenixfx: USD CAD....there's still a little room for the 4hr to retest the 1.09334 but expect a minor dip in the 1hr TF now. Pls after the 4 hr retest of the daily high (1.09334) expect a SELL TRADE FOR THE PAIR FOR THE WEEK Yeah....going on nicely and really helped by USD strength above board on all curr pairs...once the curr strength wanes we will have our first minnie retrace on 1hr TF then a slight push upwards...remember its jst a retest of 1.09420 then a MAJOR SELL....to avoid an emotional losing trade...wait for the SELL signal on 4hr TF. Thanks |
Re: Forex Trading - Season 14 by sojmann(m): 11:25am On Aug 05, 2014 |
Any clues as to what Nzd/Usd is up to? |
Re: Forex Trading - Season 14 by adeyinkabasir(m): 11:41am On Aug 05, 2014 |
sojmann: Any clues as to what Nzd/Usd is up to? I think it's gonna BUY sha |
Re: Forex Trading - Season 14 by sojmann(m): 11:50am On Aug 05, 2014 |
adeyinkabasir: USD news by 3pm and NZD news by 11:45pm nko? Looking to bail out @ BE Close of the 4hr candle by 2pm will signal a SELL
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Re: Forex Trading - Season 14 by ephisi(m): 12:48pm On Aug 05, 2014 |
1.3380 seems too be holding. Hedged first position at 1.3388. Long a second position at 1.3388. Moved stop on my first trade to breakeven. Lets see how it plays out ephisi: |
Re: Forex Trading - Season 14 by honeric01(m): 1:06pm On Aug 05, 2014 |
Jaidooo: gold looks good for a long postion. Buy at 1290.xx, SL at 1285.xx and TP at 1309.xx IMO, the stop is too tight.. |
Re: Forex Trading - Season 14 by arthuryemi(m): 1:10pm On Aug 05, 2014 |
EurUsd has to be a Man, very logical and quite easy to predict..... XauUsd(GOLD) has to be a woman, surely.... That's the most volatile pair ever, No one fully understands its movement, full of up swings & down swings; even professionals are careful with it. GbpAud must be an old man. Only moves at night when everyone else is asleep(GMT timezone). GbpChf is a little girl; says one thing now and moves the other direction immedieately.... 2 Likes |
Re: Forex Trading - Season 14 by lawson007(m): 1:49pm On Aug 05, 2014 |
@arthuryemi, u got me laughing 1 Like |
Re: Forex Trading - Season 14 by phoenixfx: 2:01pm On Aug 05, 2014 |
sojmann: Any clues as to what Nzd/Usd is up to? Hi Sojmann...was a bit bizi. Yes NZD USD is setting up for a major SELL that will retest the low of 0.84606 (which was caused by the Non farm payroll spike) and even go beyond that because overall trend bias is still bearish. Evidence has already been put in place by the 1hr and 4hr TFs downward movement, however NOW is not the proper time to enter the trade because a retracement will occur soon when USD curr strength (above board on all currrs) will weaken. so wait 4 the retracement after which SELL. |
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