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Forex Trading - Season 14 - Business (98) - Nairaland

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Re: Forex Trading - Season 14 by leopower(m): 9:27am On Sep 02, 2014
phoenixfx: GBP AUD: Oga natruetalks favs pair grin...Eyeing zone reached for a SELL in this curr pair...at least to 1.7800 level
am with u on dis, i see 1.7395 in long term
Re: Forex Trading - Season 14 by honeric01(m): 9:33am On Sep 02, 2014
If you have PM, WMZ and Egopay to sell, kindly contact me, we buy in bulk and pay same day.
Re: Forex Trading - Season 14 by Kirinwa: 9:56am On Sep 02, 2014
Fundamentally GBP is bullish.
Re: Forex Trading - Season 14 by Kirinwa: 10:01am On Sep 02, 2014
GJ buystop @ 173.60
Re: Forex Trading - Season 14 by phoenixfx: 10:21am On Sep 02, 2014
Kirinwa: Fundamentally GBP is bullish.

[b]If by fundamentally u mean the red flag (construction PMI) news just released which was good for GBP. I'll let u in on a lil secret arsenal of mine. As u can see the news release which was favourable for GBP did not get the expected reaction from any of the GBP pairs: GBPUSD, GBPAUD, EURGBP...why? Because the big moneybags of our game are not interested in all dat stuff called news that whip up sentiments of small traders especially if if not in line with thier trend. In other words....if the news to be released is not in tandem with higher TF trend (daily, weekly and sometyms even monthly) and also if at the tym of release their trend is not at a turning point (fibs or SR) then they'll ignore it. Yes they may throw a few chip at small traders...as ive seen a NFP spike up 50-60 pips in seconds and before u cld say jack it all washed off going in the direction of the larger TF trend...both ways the MMs win. So to win have the mindset of the big sharks in our game. Sorry 4 d plenty grammar grin...and just my hunble contribution to the thread, abeg make person no read am another way ooo [/b]

3 Likes

Re: Forex Trading - Season 14 by docus: 10:42am On Sep 02, 2014
docus: UCAD sell limit activated

picked. lets see hw it plays out
Re: Forex Trading - Season 14 by natruetalk: 10:46am On Sep 02, 2014
natruetalk: D way d price burst 1.6670 zone pass. i not fit near GU buy soon, in fact i no fit trade against any dollar related pair grin

now dollar pair go make sense die dis week. will start staring wit both eyes from 2day close lipsrsealed
Re: Forex Trading - Season 14 by natruetalk: 10:54am On Sep 02, 2014
phoenixfx: GBP AUD: Oga natruetalks favs pair grin...Eyeing zone reached for a SELL in this curr pair...at least to 1.7800 level

no interest on d nucca to trade. too much fundamental around both currency, will come back to d nucca when is time to BUY. GBP in particular is cooking something across board & one need to know what.... be4 eating. no lelee
Re: Forex Trading - Season 14 by natruetalk: 10:59am On Sep 02, 2014
oyel on my mind 2 trade. watching...
Re: Forex Trading - Season 14 by hisableplc(m): 11:20am On Sep 02, 2014
hisableplc: EU eyeing 1.3016 after covering its gap before any serious retracal if there will be any

Gold stayed well below 1280 a pull bak to 1285-95 will call for 1250


Gap uncovered on EU still dropping 1.3061 likely to be real

Gold obeying traffic, if 1270-74 holds then we can see a lil move up if not sell stop below 1270 will take us all the way to the bus stop
Re: Forex Trading - Season 14 by adeyinkabasir(m): 11:37am On Sep 02, 2014
gbam i think if GU maintains a close below 1.6536 today na long term bearish trend ooo, and also 1.6643 is a strong resistance level for it, if ever it wants to go bullish it will have to break and stay above 1.6643 but for me my bias is GU is bearish for the end of the year 1.5330 calling it ooooo wink

N.B: who knows i cud be wrong
Re: Forex Trading - Season 14 by willscolf: 11:47am On Sep 02, 2014
willscolf: ucad buylimt @ 1.0840,sl 1.0775,tp @1.0961
dis trade left witout me,no qualms jst tryin 2 put myrisk/reward ratio in check

1 Like

Re: Forex Trading - Season 14 by seyejohn94: 12:14pm On Sep 02, 2014
seyejohn94: short term bearish biased on gold cos sell signal generated on gold around 3am around 1283.5..u cud place a pending if u missed the candle close1283.5/4.4....but over the next several months am bullish biased going against goldmansach's view and others....1st tp for gold is 1275/1272.6...letz see how it goes ....
happy new month and happy trading

holding 2 positions on gold... stp moved accordingly...
1st tp crashed over 90+ pips secured...100+ pips floating.... waiting for ism pmi by 3pm....not a fan of fan of data though.... 2nd tp around 1265 zone....

happy trading....

1 Like

Re: Forex Trading - Season 14 by seyejohn94: 12:57pm On Sep 02, 2014
natruetalk: oyel on my mind 2 trade. watching...

this caught my attention yesterday....

Investors also added net shorts in soybeans as
well as reducing their net long positions in oil.
Re: Forex Trading - Season 14 by seyejohn94: 1:23pm On Sep 02, 2014
seyejohn94:

holding 2 positions on gold... stp moved accordingly...
1st tp crashed over 90+ pips secured...100+ pips floating.... waiting for ism pmi by 3pm....not a fan of fan of data though.... 2nd tp around 1265 zone....

happy trading....
nucca approaching tp2
Re: Forex Trading - Season 14 by seyejohn94: 1:31pm On Sep 02, 2014
seyejohn94:
nucca approaching tp2

tp2 hit... tp3 is off my radar... feeling sleepy.. dunno mayb i shud analyze for tp3 or just sleep...

happy trading
Re: Forex Trading - Season 14 by adeyinkabasir(m): 1:36pm On Sep 02, 2014
seyejohn94:

tp2 hit... tp3 is off my radar... feeling sleepy.. dunno mayb i shud analyze for tp3 or just sleep...

happy trading

na u oooooo....kudos Man
Re: Forex Trading - Season 14 by natruetalk: 1:45pm On Sep 02, 2014
seyejohn94:

tp2 hit... tp3 is off my radar... feeling sleepy.. dunno mayb i shud analyze for tp3 or just sleep...

happy trading

great trade. welldone bros. more sharping to ur eyes, wonder y traders are buying d nucca last week. let c how 1254.xx zone reactn be
Re: Forex Trading - Season 14 by natruetalk: 1:51pm On Sep 02, 2014
seyejohn94:

this caught my attention yesterday....

Investors also added net shorts in soybeans as
well as reducing their net long positions in oil
.

they will re-load it soon. na game them dey play with retailers
Re: Forex Trading - Season 14 by beejaay: 2:11pm On Sep 02, 2014
seyejohn94:

holding 2 positions on gold... stp moved accordingly...
1st tp crashed over 90+ pips secured...100+ pips floating.... waiting for ism pmi by 3pm....not a fan of fan of data though.... 2nd tp around 1265 zone....

happy trading....

u tried bro..lost 50pips on this down move when i should be making pips but overlooked the 50%fib level (i dont even know why i did that..i lose trades 99% of the time i overlooked my setup and give-in to my emotion)
lets see what happens between today and tomorrow

1 Like

Re: Forex Trading - Season 14 by adeyinkabasir(m): 2:32pm On Sep 02, 2014
natruetalk:

great trade. welldone bros. more sharping to ur eyes, wonder y traders are buying d nucca last week. let c how 1254.xx zone reactn be

lets see reaction at 1263.xx a breach of there means more down pour
Re: Forex Trading - Season 14 by fxlord2012: 2:34pm On Sep 02, 2014
Kirinwa: Fundamentally GBP is bullish.
sent u a mail sir
Re: Forex Trading - Season 14 by honeric01(m): 2:38pm On Sep 02, 2014
1250 is so close now.. can we see her today?
Re: Forex Trading - Season 14 by leopower(m): 2:45pm On Sep 02, 2014
leopower:
am with u on dis, i see 1.7395 in long term

Re: Forex Trading - Season 14 by natruetalk: 3:06pm On Sep 02, 2014
natruetalk: oyel on my mind 2 trade. watching...

time to Long oyel
Re: Forex Trading - Season 14 by natruetalk: 3:12pm On Sep 02, 2014
natruetalk: time to Long oyel

just bough oyel with 100pips SL here

Re: Forex Trading - Season 14 by Nobody: 4:00pm On Sep 02, 2014
EJ has been sold from ma end. 137.95 pending buy (buy stop)is placed 50 pips away to serve as sl.
Re: Forex Trading - Season 14 by Kashif(m): 4:18pm On Sep 02, 2014
Well done peeps. Caution peeps! No trend continues for ever. Beware of recency bias. A retracement of up to 200 pips is possible across many pairs. You may get stopped out a couple of times, then you lose your cool and go headlong with the market. We know who usually comes atop. The market!

Always; always imagine you losing any trade you take.
Re: Forex Trading - Season 14 by natruetalk: 4:24pm On Sep 02, 2014
natruetalk:

just bough oyel with 100pips SL here

oyel dey vex, waiting 2 c how it end. no lelee
Re: Forex Trading - Season 14 by seyejohn94: 4:26pm On Sep 02, 2014
natruetalk:

great trade. welldone bros. more sharping to ur eyes, wonder y traders are buying d nucca last week. let c how 1254.xx zone reactn be
gat friends waiting for the nucca @ 1240 zone to buil a buy portfolio...
Re: Forex Trading - Season 14 by seyejohn94: 4:27pm On Sep 02, 2014
beejaay:

u tried bro..lost 50pips on this down move when i should be making pips but overlooked the 50%fib level (i dont even know why i did that..i lose trades 99% of the time i overlooked my setup and give-in to my emotion)
lets see what happens between today and tomorrow
lose some win some datz fx....personally i see emotional trades as mistakes
Re: Forex Trading - Season 14 by natruetalk: 4:41pm On Sep 02, 2014
natruetalk:
just bough oyel with 100pips SL here

natruetalk:

oyel dey vex, waiting 2 c how it end. no lelee

this trade close manually with -65pips

not encourage to hold it further

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