exited at BE . clean mouth and wait for other opportunities.

iheanyiebeneze:
am waiting to buy EURGBP at 0.7220 if it gets there before the end of this hour, tp= 0.7250. rrr=1;1
volume seem to be low today.

Move stoploss to BE at close of hour
PRICE ACTION is VERY POWERFUL.
enjoy your dollars.

GJ and its propensity for spikes sha! Abeg I dey close my sell on jare, nonsense tin Will look to add to DJIA buy as long as 18074 is cleared.

UJ buy trade activated at 119.80 tp=120.40
Lets see how it plays out

Anythought on EURUSD Long Term Direction?

EURUSD
Am bearish on long term, a retracement to 1.07184 and if that level holds would give a clear indication for the break down of 1.04831 level which is the March low.

drpips1:
I hope this help some newbie traders out there, or someone stucked up in the middle of nowhere

if they only understand, it would

EUR/USD: Here Is Why There Is No Bottom In Sight - Goldman Sachs

Goldman Sachs has little sympathy for the arguments currently being made for why EUR/USD downside is limited from here.

"There are three basic arguments: (i) a cyclical rebound in Europe will drive EUR/$ higher; (ii) EUR/$ has overshot nominal rate differentials; and (iii) the Euro zone current account puts a floor under the single currency," GS clarifies.

Here are GS' thoughts on each of these:

(i) A cyclical rebound in Europe is not EUR/$ positive because ECB QE is capping nominal interest rates, preventing the usual transmission of a growth rebound into stronger FX, which runs via higher interest rates. In fact, in the presence of QE it is possible that stronger growth could actually be Euro negative, if part of that growth stems from a recovery of consumption on the periphery and overheating in Germany. In such a setting, the Euro zone current account could fall, weighing on EUR/$.

(ii) QQE in Japan taught us that nominal rate differentials stop working in the run-up to quantitative easing. This is because – even at the long end – interest rates converge towards zero, so that there is limited room for nominal rate differentials to move. Instead, the focus shifts to inflation expectations and implicitly real rate differentials. As a result, we don’t see the undershoot of EUR/$ vis-à-vis nominal rate differentials as remotely alarming. Instead, we are surprised that the lessons from Japan have been so quickly forgotten.

(iii) With respect to the current account, exchange rates are forward-looking market prices. As such, they incorporate the presence of a current account surplus or deficit, i.e. this is priced. What will boost EUR/$ is if the Euro zone current account ends up larger-than-expected. As we laid out above, there is a reasonable case that ECB QE (and a cyclical rebound) could do the opposite.

In line with this view, GS targets EUR/USD at 1.02 by September, and 0.95 by March of 2016.

naijababe:
GJ and its propensity for spikes sha! Abeg I dey close my sell on jare, nonsense tin Will look to add to DJIA buy as long as 18074 is cleared.

I think its going to see massively in the coming days of this week

raycolz84:



I think its going to see massively in the coming days of this week

I expect so too, maybe na Monday madness dey worry am. My new area of interest is 17690/17700 to sell down to 173xxx

seyejohn94:


Still bullish biased on gold... Holding my trade of last week... Though i triggered earlier dan usual...well if u haven't joined d bulls, u can wait for a close above 1204.2 to trigger with 50pips stp tp @ 1223.0 and probably a quite ambitious tp @ 1241.7 which is quite possible...

Follow ur system not ur emotions....

Last week order hits stp loss(triggered earlier dan normal) d above signal is still valid... Close above 1204.2 will buy gold... Ain't selling d nucca until my system asks me to....

hi folks,
just sold the nikkei at 19840 tp 19685
NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES

frenchman2:
hi folks,
just sold the nikkei at 19840 tp 19685
NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES

Looks good, sold djia at 6pm

Just opened a sell trade on USDJPY...Lets see how it plays-out

Take profit hit.Done with all ALACRITY

iheanyiebeneze:
UJ buy trade activated at 119.80 tp=120.40
Lets see how it plays out

.
Thats my holy grail in action

seyejohn94:


Last week order hits stp loss(triggered earlier dan normal) d above signal is still valid... Close above 1204.2 will buy gold... Ain't selling d nucca until my system asks me to....

Based on what my system is saying.... Will sell gold when 4hr candle closes below 1192.4 stp 50pips tp1 1182.9 tp2 1173.5 and a possibility of 1160 zone...

this Gold is heavily pregnant and is about to deliver alot of pips....folks be on the watchout

EUR/AUD
BUY @ 1.39000
TP @ 1.43500
SL @ 1. 37715

Note: This trade may take 3 -5 days before hitting TP. So, be patient.

LEGGO!

naijababe:


Looks good, sold djia at 6pm

It shouldn't just look good, it had better hit tp

just went short on usdjpy 119.95
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

naijababe:


Looks good, sold djia at 6pm

DJIA, S&P and NASDAQ which follows which
these pairs move like triplets.
i will only consider selling if yesterday's low is broken.

stalking oil.

frenchman2:


DJIA, S&P and NASDAQ which follows which
these pairs move like triplets.
i will only consider selling if yesterday's low is broken.

All American indices, so mostly move in the same direction. Still holding that sell sha

Hi Mama,
Like I promise to share the season 2 of the topic... Here i am just made a U turn with -32PIPs

Win some

Loose some.....Makes the life of a traders

naijababe:


Episode two ke? From you or me? It won't be from me o.

@ Thread, just sold GJ with 50 pips sl and bought DJIA also with 50 pips sl. TP around 173.xx and 183xx respectively.

YESTERDAY, market just vex no give me any signal.. chai..
HOPEFULLY TODAY market go look my side..
GREETINGS 2 all

TP GOT HIT THIS MORNING ON USDJPY SELL TRADE...LOOKING TO TRIGGER ANOTHER SELL TRADE

adeniyia33:
Hi Mama,
Like I promise to share the season 2 of the topic... Here i am just made a U turn with -32PIPs

Win some

Loose some.....Makes the life of a traders

This nor be season now! -32 pips loss pere! You are a very lucky guy

Bought GJ, 40 pips sl at 175.25

naijababe:
Bought GJ, 40 pips sl at 175.25

Errrm!i was heavingly selling frm 176.14 oh and am holding the position,this one wey u don enta buy,afraid done dey catch me.u knw say u and a few here dey make market bend to una will...

audnzd trapped within 1.0203 & 1.0144 for almost a week now...Watching for a break-out on either side.

dukum:


Errrm!i was heavingly selling frm 176.14 oh and am holding the position,this one wey u don enta buy,afraid done dey catch me.u knw say u and a few here dey make market bend to una will...

Just following my rules boss I sold yesterday too but there seem to be a weekly support at 175.4x area, that area has been tested almost 3 times this week already

naijababe:


Just following my rules boss I sold yesterday too but there seem to be a weekly support at 175.4x area, that area has been tested almost 3 times this week already

Hehehe!ok ma'am i don lock some pips just to b safe. I no wan dey talk,' if to say i know'.

GBPUSD already in a Sell mode for 55pips tp...Make I see how dis one go go!