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Forex Trading - Season 15 - Business (226) - Nairaland

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Re: Forex Trading - Season 15 by jorel1(m): 3:12pm On Jul 21, 2015
GBPAUD trying so hard to pull GBPJPY down with it, but the resilience of GBPJPY seems to be strong..just looking for the slightest oportunity to go up.
Re: Forex Trading - Season 15 by jorel1(m): 3:15pm On Jul 21, 2015
it will go down to #2.082
currentprice:


congrats grin,,,,if you follow me take this trade..

Currentprice drop from here,,,,may go more down,,,, but like to take what he have now. grin
Re: Forex Trading - Season 15 by currentprice: 3:32pm On Jul 21, 2015
jorel1:
it will go down to #2.082

good you now see what your ema/sma fail to notice earlier grin grin grin

the retrace between 12 to 2pm below,,, if it is MA/system, could have fake the trader by pointing up and trader will close good trade prematurely or flip to buy grin grin grin and Mr. market would be laughing like see mugun grin

1 Like

Re: Forex Trading - Season 15 by jamace(m): 3:45pm On Jul 21, 2015
@Currentprice, na you biko. grin
Me I chop well well both in stocks and forex today o. grin grin
Re: Forex Trading - Season 15 by currentprice: 3:48pm On Jul 21, 2015
jamace:
@Currentprice, na you biko. grin
Me I chop well well both in stocks and forex today o. grin grin

yo men,,,, make i go laugh them small for there,, i free for office now grin
Re: Forex Trading - Season 15 by AK284(m): 3:56pm On Jul 21, 2015
jorel1:
There you go cool cool cool cool



Chai i no see this news ooooo, no qualms anyway
Re: Forex Trading - Season 15 by Capitals: 4:17pm On Jul 21, 2015
Capitals:


Closing gbpnzd sell, hit target much faster than I expected/anticipated. For that reason I will be replacing with a Gbpaud sell, its a late entry so I ll be happy if I can get 250pips on it, unless it decides to make a higher high before heading towards my profit target. This is my first chart analysis after my health challenge, just hope the head is clear enough to make sound trade judgments. I think so anyway

Tp in view, entry was late as earlier stated so I ll just bring to break even. Hopefully it ll fall 50pips before it trades back 200pips.

Re: Forex Trading - Season 15 by Shevychen2: 4:34pm On Jul 21, 2015
mrikay:


Sir, I urge you to reconsider on account of your disciples. Unless of course there is another way via which we could keep in touch.

Bro I am just a regular guy.. Don't want any disciples at all. Mention me with any questions here and I will answer as soon as I see it.
Re: Forex Trading - Season 15 by Shevychen2: 4:37pm On Jul 21, 2015
Capitals:


Tp in view, entry was late as earlier stated so I ll just bring to break even. Hopefully it ll fall 50pips before it trades back 200pips.

Kudos boss.. It should be able to hit the lower area below 083xx overnight.. At least I hope so as I will be looking for my longs there tomorrow morning.

My technique should be clearer now Sir grin

Instead of holding out for 200+ on GA alone, took 200 pips on GA and GJ with EN up 60+ pips.

Re: Forex Trading - Season 15 by jorel1(m): 4:37pm On Jul 21, 2015
The trading gods have been so humbled grin grin grin
Re: Forex Trading - Season 15 by jorel1(m): 5:04pm On Jul 21, 2015
#GBPAUD , there will be likely huge price demand around the 61.8 fib level area (the statistically typical weekly range for this pair), sending it up to #2.091 or #2.10 area.. looking to sell further from there ending a bearish week or continue long as a reversal based on system.

Just my chua chua market analysis

Re: Forex Trading - Season 15 by seyejohn94: 5:43pm On Jul 21, 2015
seyejohn94:
stp hit on gold buy...standing aside till further notice...will wait till my system absorbs d price shock...still holding gj sell from last week....

Still holding gj sell...
Re: Forex Trading - Season 15 by infofirst(m): 6:31pm On Jul 21, 2015
infofirst:
Eu approaching my region of interest...1.0875* - 1.082*

Pending eu buy limit @ 1.0875...tp1 1.1400 tp2 1.1600 sl 1.0675.

Stop loss adjusted to BE
Re: Forex Trading - Season 15 by Capitals: 7:44pm On Jul 21, 2015
Shevychen2:



My technique should be clearer now Sir grin

Instead of holding out for 200+ on GA alone, took 200 pips on GA and GJ with EN up 60+ pips.

Yep, I see it bro. Just some mild tweaks apart. I m not comfortable taking revisits to a level like you do, cos I cant tell which one will lose. So I just take the first trade opportunity, the first time price visits my zone and monitor.And seems you just focused on a handful whilst I m looking at about 33 diff pairs and adding more when I see trade alerts (thats one of my benefits of coming here, like someone says buy nzdcad and am like, I have never seen that pair lets see if it meets the basic trade criteria. . ..)
My trade criteria are stringent its hard for the pairs to meet it. so if they do, I hold for as long as I deem fit

1 Like

Re: Forex Trading - Season 15 by Shevychen2: 8:26pm On Jul 21, 2015
Capitals:


Yep, I see it bro. Just some mild tweaks apart. I m not comfortable taking revisits to a level like you do, cos I cant tell which one will lose. So I just take the first trade opportunity, the first time price visits my zone and monitor.And seems you just focused on a handful whilst I m looking at about 33 diff pairs and adding more when I see trade alerts ...

Lol... I don't know which ones will end up losing either.. I just make sure the setup meets requirements and hit it. Higher highs or lower lows are usually my clue to get out if I am online otherwise I just let it play out.

Sticking with those 5 pairs as I am almost certain to get an average one trade per day. Adds up pretty nicely.

Well done Sir..
Re: Forex Trading - Season 15 by mrikay: 8:56pm On Jul 21, 2015
Shevychen2:


Lol... I don't know which ones will end up losing either.. I just make sure the setup meets requirements and hit it. Higher highs or lower lows are usually my clue to get out if I am online otherwise I just let it play out.

Sticking with those 5 pairs as I am almost certain to get an average one trade per day. Adds up pretty nicely.

Well done Sir..


Choi!!! I miss una input and trade calls oh!
Re: Forex Trading - Season 15 by Luckystar220: 9:44pm On Jul 21, 2015
pls huz does bom(betonmarket) accept statement of account as document for verification .If not, Kindly give me sites that accept statement of account as document verification. tnkz
Re: Forex Trading - Season 15 by jorel1(m): 11:23pm On Jul 21, 2015
3:30am AUD CPI q/q
5:05am AUD RBA Gov Stevens Speaks
10:30am GBP MPC Official Bank Rate Votes
11:00pm NZD Official Cash Rate
NZD RBNZ Rate Statement
CET

After todays news ,with Aussie CPI likely sending price lower, brace yourselves for surprise bounce upside by Thursday in anticipation of the GBP Retail Sales m/m having a higher forecast than previous as traders buy the rumour.
GBPJPYAUD
Re: Forex Trading - Season 15 by Justiyke4u: 11:25pm On Jul 21, 2015
jorel1:
Well, when it begins descent i will follow..nonetheless if the buying power supersedes that of the sellers it will just break through that resistance.. when i used indicators in the past, i have seen the stochastic cross as high as the 80 level and price just kept on going until its tired..everything is possible in the market.

Follow the money: the money is in the current trend. angry
hope you followed the money boss
Re: Forex Trading - Season 15 by Bollinger(m): 11:32pm On Jul 21, 2015
jorel1:
High risk trading, low risk trading, medium risk trading all depends on the traders appetite and control for risk..the fact that a trader executes low risk trades doesn't necessarily make him any more profitable or a better trader than the high risk trader.
If the market is all about risk , you need to learn how to optimize the risk and take calculated risk . .. you need good mathematical skills for this anyway. There isn't any best way to trade
most traders just feel they are already expert in trading and thus refuse to keep learning further (seeing other traders approach to trading and adding more tactics to your system), this will enable you make good use of the leverage (moderate leverage ofcourse) the market has to offer.

Pls Newbies ignore this message


This probably is the weirdest post i have ever read. There is nothing like high risk trading. Forex is a low risk game. A traders tenure in forex will definitely be short if he/she employs high risk. You are dealing with a business where probably 30 trades out of a hundred will be successful, so why would you trade with a high percentage of your capital? Unless of course a trader has a system which has a ninety percent win rate. I am yet to see a system like that. You don't even need a win rate that high to be successful. Thirty to forty percent and you are golden. There is a reason why the most successful traders in the world stress on using no more than three to five percent of one's capital. Anyway to each his own.

1 Like

Re: Forex Trading - Season 15 by jorel1(m): 11:47pm On Jul 21, 2015
well , you said it all...Anyway to each his own cool cool cool
Bollinger:


This probably is the weirdest post i have ever read. There is nothing like high risk trading. Forex is a low risk game. A traders tenure in forex will definitely be short if he/she employs high risk. You are dealing with a business where probably 30 trades out of a hundred will be successful, so why would you trade with a high percentage of your capital? Unless of course a trader has a system which has a ninety percent win rate. I am yet to see a system like that. You don't even need a win rate that high to be successful. Thirty to forty percent and you are golden. There is a reason why the most successful traders in the world stress on using no more than three to five percent of one's capital. Anyway to each his own.
Re: Forex Trading - Season 15 by jorel1(m): 11:51pm On Jul 21, 2015
As long as your post is devoid of sarcasm ....
so well, after few losses , yes i did. Thanks to GBPAUD cool cool
Justiyke4u:
hope you followed the money boss
Re: Forex Trading - Season 15 by bioroid: 11:56pm On Jul 21, 2015
Hello...I'm sorry if this isn't the right time or right place...but I did like to know about forex trading and how to start...please contact me...on my mail: bioroidxy@gmail.com or
Phone number: 07030640274 on whatsapp...thanks...I would be so greatful to who ever lends an helpful hand.
Re: Forex Trading - Season 15 by Karlebolu(m): 12:44am On Jul 22, 2015
bioroid:
Hello...I'm sorry if this isn't the right time or right place...but I did like to know about forex trading and how to start...please contact me...on my mail: bioroidxy@gmail.com or
Phone number: 07030640274 on whatsapp...thanks...I would be so greatful to who ever lends an helpful hand.

Learn at www.babypips.com/school.


Happy learning.
Re: Forex Trading - Season 15 by Luckystar220: 1:26am On Jul 22, 2015
Karlebolu:


Learn at www.babypips.com/school.


Happy learning.
pls can u help me wt my question. I knw about forex a little but my only problem is that i need a site that will just ask for other tinz for verification except utility bills .
Re: Forex Trading - Season 15 by Karlebolu(m): 1:34am On Jul 22, 2015
Luckystar220:
pls can u help me wt my question. I knw about forex a little but my only problem is that i need a site that will just ask for other tinz for verification except utility bills .

Ask them here.
Re: Forex Trading - Season 15 by Luckystar220: 1:38am On Jul 22, 2015
Karlebolu:


Ask them here.
i don ask ,dey just ignore me o
Re: Forex Trading - Season 15 by swiftz(f): 1:49am On Jul 22, 2015
Luckystar220:
pls can u help me wt my question. I knw about forex a little but my only problem is that i need a site that will just ask for other tinz for verification except utility bills .

You mean a broker?

Well, the ones I know ask for residential address verification which could come as utility bill or bank statements with your name and the address that matches the ones you used while signing up.. Its a form of regulation for them, so they can't skip it.
Re: Forex Trading - Season 15 by jamace(m): 2:42am On Jul 22, 2015
GBPAUD

SELL @ 2.09500
TP @ 2.07000
SL @ 2.10000

Leggo!
Re: Forex Trading - Season 15 by frenchman2: 4:24am On Jul 22, 2015
Sold silver 14.77 tp 14.30
bought eurznd at 1.6517 tp 1.6601
sell stop on FTSE100 at 6689 tp 6606.14
let's see how they play out.
NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis

PRICE IS KING FOLLOW IT WHEREVER IT GOES
Re: Forex Trading - Season 15 by jamace(m): 6:17am On Jul 22, 2015
jamace:
GBPAUD

SELL @ 2.09500
TP @ 2.07000
SL @ 2.10000

Leggo!
SL hit. What a news!

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