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Forex Trading - Season 15 - Business (269) - Nairaland

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Re: Forex Trading - Season 15 by jamace(m): 6:41pm On Aug 27, 2015
BUY GBPNZD @ 2.38400
SL @ 2.37000
TP @ 2.48000

Trade may go into next week.
Re: Forex Trading - Season 15 by mrikay: 6:45pm On Aug 27, 2015
I received a call today from Alpari **NIGERIA** am withdrawing all my money from alpari tomorrow.
Re: Forex Trading - Season 15 by jorel1(m): 6:46pm On Aug 27, 2015
jorel1:
#EURAUD, GBPAUD , testing previous resistance turned support (as shown in weekly), a bounce from here is possible
opening a GBPAUD buy from 2.1506 if current hour candle doesn't breach it.
last call for train 2.1506... grin grin
if breached , next buy level 2.13129
Re: Forex Trading - Season 15 by Shevychen2: 6:59pm On Aug 27, 2015
jamace:
BUY GBPNZD @ 2.38400
SL @ 2.37000
TP @ 2.48000

Trade may go into next week.

Careful bro... It may keep going lower till month end.

1 Like

Re: Forex Trading - Season 15 by Shevychen2: 7:00pm On Aug 27, 2015
mrikay:
I received a call today from Alpari **NIGERIA** am withdrawing all my money from alpari tomorrow.

What did they tell you that's making you run?
Re: Forex Trading - Season 15 by endfx1(m): 7:13pm On Aug 27, 2015
Shevychen2:
Oga Capitals you'll probably see this late but I want to confirm something.. Take a look at GU. It is currently trading below 1.5400. This is a good zone for a buy in my own view depending on where the buy confirmation comes (amount of risk etc..). Please I'd like to know what you think of this zone.

Weekly candle engulfing all the previous on the chart is not a good sign for bulls you may want to watch it boss just my opinion i may be wrong.

Re: Forex Trading - Season 15 by jamace(m): 7:20pm On Aug 27, 2015
Shevychen2:


Careful bro... It may keep going lower till month end.
I'm watching. cheesy
Re: Forex Trading - Season 15 by Capitals: 7:48pm On Aug 27, 2015
Shevychen2:
I'd like to know what you think of this zone.

I think the current down move is a retest which reduces the probability of it holding, the profit margin is big though. This is just a pointer that the GBP is a good buy against at least one other currency . I checked and saw GBPAUD. I m closely watching that now. If I get a signal I ll go in light and gun for just 250pts cos I dont see the potential of it going 500pts without a stiff sell response

Re: Forex Trading - Season 15 by jorel1(m): 7:59pm On Aug 27, 2015
jorel1:
#EURAUD, GBPAUD , testing previous resistance turned support (as shown in weekly), a bounce from here is possible
opening a GBPAUD buy from 2.1506 if current hour candle doesn't breach it.

If this level 2.1505 (already slightly breached )is breached thus forming a bearish pinbar on the weekly , it would be an indication of a bearish trend formation.
a sell from here offers an opportunity for 1400 pips and a buy 870 or more if patient a enough for a new high
Re: Forex Trading - Season 15 by Capitals: 8:40pm On Aug 27, 2015
UsdChf update, we have traded up over 50% from first tp,I wont let it come back to me out for a loss, I will rather take off my risk by bringing to break even and continue my observations

Re: Forex Trading - Season 15 by dorodee(m): 9:54pm On Aug 27, 2015
Capitals:
UsdChf update, we have traded up over 50% from first tp,I wont let it come back to me out for a loss, I will rather take off my risk by bringing to break even and continue my observations

God bless you Boss for this call. Following bumper 2 bumper.

1 Like

Re: Forex Trading - Season 15 by Kirinwa: 11:06pm On Aug 27, 2015
GA buystop @ 2.1600
Stoploss @ 2.1500
Target @ 2.2000


EA buystop @ 1.5800
Stoploss @ 1.5700
Target @ 1.6200
Re: Forex Trading - Season 15 by Shevychen2: 11:16pm On Aug 27, 2015
Capitals:


I think the current down move is a retest which reduces the probability of it holding, the profit margin is big though.

Hmm... Guess it's hard to catch it all smiley Kinda hard fishing out these retests for me so I guess I have to stick with taking the ones with the least amount of pips in risk and allow stop loss do its job.

For example I was looking at the USDCHF and it also looked like a retest in my own chart but I can see it is turning out fine.

Anyways thanks so much. Learnt a lot from you in this time. I can confirm from my results that taking trades with same amount of risk and holding is definitely a less stressful way of achieving trading goals. Imagine making 3000+ pips by looking at the chart for less than 10 minutes total each day. Before I'd be happy with making over 1000 pips in any month after tens of hours of screen time monthly.

Weaning myself off checking price every hour is still taking time though.. smiley

Well done boss.

1 Like

Re: Forex Trading - Season 15 by Shevychen2: 11:27pm On Aug 27, 2015
endfx1:


Weekly candle engulfing all the previous on the chart is not a good sign for bulls you may want to watch it boss just my opinion i may be wrong.

Thanks boss.. I definitely won't jump in now. Bearish sentiment still well alive.
Re: Forex Trading - Season 15 by jamace(m): 6:26am On Aug 28, 2015
jamace:
BUY GBPNZD @ 2.38400
SL @ 2.37000
TP @ 2.48000

Trade may go into next week.
SL hunted and killed. Meanwhile trade heading now in the right direction. Wicked!
Re: Forex Trading - Season 15 by Kirinwa: 8:09am On Aug 28, 2015
Gbpnzd SELLSTOP @ 2.3800
STOPLOSS @ 2.3900
TARGET @ 2.3600


Eurnzd SELLSTOP @ 1.7400
Stoploss @ 1.7500
Target @ 1.7200
Re: Forex Trading - Season 15 by jorel1(m): 8:09am On Aug 28, 2015
jorel1:

If this level 2.1505 (already slightly breached )is breached thus forming a bearish pinbar on the weekly , it would be an indication of a bearish trend formation.
#GBPAUD , a sell from here offers an opportunity for 1400 pips and a buy 870 or more if patient a enough for a new high
opened a sell, even if i recommend waiting after the 10:30 news, but this seems to be a very strategic position for this pair..determining its medium term future direction.
Re: Forex Trading - Season 15 by Capitals: 8:36am On Aug 28, 2015
dorodee:


Lets hope it arrives its destination safely, but I m locking in abt 70-80pts, so at least I can get something in the event of a surprise reversal. Would have handled it slightly differently if I was less busy and could monitor it frequently. would have been checking the channel line and observing for multiple sell signals. Good luck to us
Re: Forex Trading - Season 15 by Capitals: 8:47am On Aug 28, 2015
Shevychen2:


Hmm... Guess it's hard to catch it all smiley Kinda hard fishing out these retests for me so I guess I have to stick with taking the ones with the least amount of pips in risk and allow stop loss do its job.


looking at the chart for less than 10 minutes total each day. Before I'd be happy with making over 1000 pips in any month after tens of hours of screen time monthly.


Yep, provides more time for engagement in other worthwhile activities especially now that I m on leave and my day job as well when I have to be at the office.

I got better at deciding which ones are retests with time, but was easier for me cos I m looking at several pairs so there's is no pressure to trade a pair that I m doubtful is a retest. but you are looking at a handful sort of restrictive but perfect if it works for you.

Got a GBPAUD buy an offshoot of the GBPUSD you talked of, but the tp is much smaller, 350pts, and I have just one trade. that's what I was referring to by handling each trade differently, but the process for taking the trade is exactly the same as I would have taken a trade that's gunning for 1000pts and I m taking 4 trades at same price. may yet make a lower low though but its all planned out
More green pips to you bro

Re: Forex Trading - Season 15 by Capitals: 9:00am On Aug 28, 2015
jorel1:

opened a sell, even if i recommend waiting after the 10:30 news, but this seems to be a very strategic position for this pair..determining its medium term future direction.
Nice one boss, I favor a buy though. but could be very wrong
Re: Forex Trading - Season 15 by jorel1(m): 9:21am On Aug 28, 2015
Capitals:

Nice one boss, I favor a buy though. but could be very wrong
Seeing lots of hammer candles on the hourly, might switch sides soon if i dont like what i see cheesy cheesy
Re: Forex Trading - Season 15 by jorel1(m): 10:22am On Aug 28, 2015
jorel1:
#EURUSD , looks like a long sell,, opening a sell on next 5 mins chart retracement
Its all positive economic report from the US for the US$ this week , so holding on to this sell..even if its resting on a good buy position grin grin
Re: Forex Trading - Season 15 by Kirinwa: 10:32am On Aug 28, 2015
Market dancing makossa

It must be a combulated dramacromatic agantua

1 Like

Re: Forex Trading - Season 15 by Nobody: 10:33am On Aug 28, 2015
Jackson Hole this weekend is our focus for eu.
Re: Forex Trading - Season 15 by mrikay: 11:54am On Aug 28, 2015
please guys is NFP today?
Re: Forex Trading - Season 15 by currentprice: 11:55am On Aug 28, 2015
grin
Re: Forex Trading - Season 15 by mrikay: 12:01pm On Aug 28, 2015
currentprice:
grin
oga talk nah... I have an open Eur/Usd buy that is in red... I need to know before the thing go h.it me.
Re: Forex Trading - Season 15 by Kirinwa: 12:09pm On Aug 28, 2015
mrikay:
please guys is NFP today?

No
Re: Forex Trading - Season 15 by Kirinwa: 12:10pm On Aug 28, 2015
Kirinwa:
GA buystop @ 2.1600
Stoploss @ 2.1500
Target @ 2.2000


EA buystop @ 1.5800
Stoploss @ 1.5700
Target @ 1.6200

Let's see where this leads.
Re: Forex Trading - Season 15 by mrikay: 12:23pm On Aug 28, 2015
Kirinwa:

No
Thanks boss!

1 Like

Re: Forex Trading - Season 15 by jorel1(m): 12:54pm On Aug 28, 2015
Caution :big news from England and US tomorrow saturday,, expect a killer gap over the weekend..
Re: Forex Trading - Season 15 by currentprice: 1:44pm On Aug 28, 2015
Afternoon trade grin

SELL Eur.Jpy NOW AT 136.08 SL 80 PIPS,,,,,pls close manually once you see danger coming

Tp 100pips or as you think

YOU ARE THE CEO OF YOUR TRADING ACCT. PLS MANAGE IT WELL...

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