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Forex Trading - Season 15 - Business (268) - Nairaland

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Re: Forex Trading - Season 15 by currentprice: 4:17pm On Aug 26, 2015
let take this trade if you can risk few pip grin

SELL Gbp.Nzd NOW @2.4190 PUT SL FOR 120 PIPS

TP MINIMUM OF 150PIPS,,,, if the trade moves opposite after your entry and you can bear it close manually and stand out for next opportunity

YOU ARE THE CEO OF YOUR TRADING ACCT. MANAGE IT WELL
Re: Forex Trading - Season 15 by Nobody: 4:48pm On Aug 26, 2015
By GU now at 1.5480 for a 100pips take profit. rrr=1;1
Re: Forex Trading - Season 15 by jorel1(m): 4:58pm On Aug 26, 2015
currentprice:
let take this trade if you can risk few pip grin

SELL Gbp.Nzd NOW @2.4190 PUT SL FOR 120 PIPS

TP MINIMUM OF 150PIPS,,,, if the trade moves opposite after your entry and you can bear it close manually and stand out for next opportunity

YOU ARE THE CEO OF YOUR TRADING ACCT. MANAGE IT WELL
How i wish you knew you are currently standing on a previous strong resistance turned support shocked cool
Re: Forex Trading - Season 15 by jorel1(m): 6:19pm On Aug 26, 2015
jorel1:
#GBPAUD , buy for 300 pips, if 2.17919 gets compromised, then find a way to sell on 5mins retracement for 200-250 pips
This trade already gone but possible rebuy in view or the sell if 2.179 breached. down to TP 300pips
Re: Forex Trading - Season 15 by Kirinwa: 6:52pm On Aug 26, 2015
Another name for forex is patience.
I have a trade idea for tomorrow. I expect to trade GA and EA.

I anticipate bullishness for them so na to set buystop around 2am tonight if I haven't slept before then.
Re: Forex Trading - Season 15 by Kirinwa: 7:26pm On Aug 26, 2015
That moment when you see 2 different potential possibilities.

On another coin I see placing a SELLSTOP for EA and EA which I believe is also feasible. On this particular trade I see 700 pips.

Let's go for a commercial break.
Re: Forex Trading - Season 15 by Kirinwa: 8:49pm On Aug 26, 2015
GBPAUD buystop @ 2.1750
Stoploss @ 2.1650
Target @ 2.2250


Euraud buystop @ 1.5900
Stoploss @ 1.5800
Target @ 1.6450
Re: Forex Trading - Season 15 by currentprice: 8:53pm On Aug 26, 2015
currentprice:
let take this trade if you can risk few pip grin

SELL Gbp.Nzd NOW @2.4190 PUT SL FOR 120 PIPS

TP MINIMUM OF 150PIPS,,,, if the trade moves opposite after your entry and you can bear it close manually and stand out for next opportunity

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

if you take the trade with me congrats,,, i have taken my pips off the table if you like you can take your own risk further grin

1 Like

Re: Forex Trading - Season 15 by Kirinwa: 2:28am On Aug 27, 2015
Gbpnzd buystop @ 2.4050
Stoploss @ 2.3950
Target @ 2.4400


Eurnzd buystop @ 1.7600
Stoploss @ 1.7500
Target @ 1.8000
Re: Forex Trading - Season 15 by Capitals: 3:09am On Aug 27, 2015
Shevychen2:


Not exactly boss but I am still watching. For example when we get similar entries, your TP is often well away from where I would have placed mine. Taking the NZDCAD of yesterday, I don't trade it but the TP would have been around 0.8555 while yours was 600 pips away.

Been a bit busy lately, would have responded earlier. If I sell a pair I tend to check were I will likely buy again and place tp around such regions. I also take into consideration regions were there could be a bounce, 100 - 200pts reversals and factor all of that in.

Irrespective of how cautious we are the losses will come and the wins will also come, the only thing we can really do is decide how big the losses and the wins are, so why not take big wins and small losses. I learnt that from the ''Parable of the sower''

1 Like

Re: Forex Trading - Season 15 by Capitals: 3:34am On Aug 27, 2015
Shevychen2:
finally have the liver to avoid chickening out after 100 pips. cool
Had to revisit my chart to see your prices, I get the feeling you treat each trade the same way, that didnt work for me, dont know if it is working for you.
Not every trade can deliver the 600+pts and deciding which can deliver this may be challenging for a start, thats why I dnt treat each trade same way in terms of number of positions and tp. I see some setups that I estimate could yield 50pts - 150 max but generally overlook, cos I ll risk the same for the trade that ll yield 1200 but I m targeting just 900

How about if you beat down lot size and keep a tiny portion dedicated to the long runs,that way you trade as usual and still leave the door opened for the long runs.
Thats what I do if I want to take a quick 100 like you do.

Did you check my Usdcf call, were will you have placed tp?
Re: Forex Trading - Season 15 by Capitals: 4:03am On Aug 27, 2015
A quick check on usdchf, for whoever took it, I m not doing much more than was stated before the trade. for the soft hearted, you can get off now. For those who want to still hold done, its all psychology from here. Think, if you sell here, will you make a profit, how much profit could you make from here,will it be enough to take out your stop? if no, then you could hold on. If yes, then what s you win percentage, if its more than 80% then you could get off, if less than 50% then you could hold. I will also be looking at my technical s to see what they are saying, not like its anything, but someone wrote abt it in a book right? so perhaps it works sometimes. For me I m still holding

Quite busy these few days so may not give any update soon. Remember on a 350 account if it goes wrong you are losing $24 if you stuck to my mm suggestion and gaining $120 if it goes well. good luck to us

havent had much screen time so nothing new on my portfolio, got an entry for gbpchf, may yet post a lower low. I m not willing to take a lower low on chfjpy, and you already know of USDCHF

Re: Forex Trading - Season 15 by Capitals: 4:08am On Aug 27, 2015
fxbomovi:




I will like to have a chat with you. Can I have your number please

Got your message, trying to set up a new mail account to link to here. If you resend I could respond to your mail once I m sure its been taken, cant give my number sir. don't be offended
Re: Forex Trading - Season 15 by Capitals: 4:13am On Aug 27, 2015
natruetalk:




no zone can stop d Tsunamis black Monday

This zone still valid for EA future direction "BUY or SELL" we are watching it closely.
I think I may need to start listening to some news, wasn't aware it was black monday, and a holiday in certain places. havent look at it much since then and have no thoughts on it for now. Thanks Boss
Re: Forex Trading - Season 15 by jorel1(m): 4:55am On Aug 27, 2015
#GBPAAUD, bearish sentiment today after breaking support down to 2,1506, where i would go bullish and hold.
Re: Forex Trading - Season 15 by elyte(m): 7:31am On Aug 27, 2015
After such a powerful break out from the diagonal, price could have started the long term bearish trend.

As price trades below 120.50 in what may be a triangle 4th wave as shown in the attached chart

Price should hold below 120.5 till the triangle is completed after which a break down the b-d line would mean the 5th wave is on the way to 115.

This is an opportunity to sell if one can be patient.

Follow Usdjpy intraday analysis.

http://forexsnipper..com/p/usdjpy-intraday-analysis

Re: Forex Trading - Season 15 by Shevychen2: 7:40am On Aug 27, 2015
Capitals:



Thanks boss.. Yes I treat each entry the same way as I found out I always struggle to make decent returns whenever I start bringing in subjectivity. I like trading with fixed rules so I know what to do with just a look at the chart.

I am ignoring CHF pairs as the spike from the interest rate day is still distorting dynamics but I had a look and TP would have been 9750 if I am to hold.
Re: Forex Trading - Season 15 by Nobody: 8:56am On Aug 27, 2015
Considering USDCAD NOW...
Re: Forex Trading - Season 15 by currentprice: 9:34am On Aug 27, 2015
trade today grin

SELL Eur.Nzd now @ 1.7478 SL 100 PIPS or CLOSE TRADE MANUALLY WHEN YOU DON'T LIKE WHAT YOU SEE

TP OPEN

YOU ARE THE CEO OF YOUR TRADING ACCT. MANAGE IT WELL
Re: Forex Trading - Season 15 by jorel1(m): 9:48am On Aug 27, 2015
TIP : sell EUR pairs on next retracement.. EUR is been weak across board since yesterday.
Re: Forex Trading - Season 15 by adeniyia33(m): 9:54am On Aug 27, 2015
On your tail boss
iheanyiebeneze:
Considering USDCAD NOW...
Re: Forex Trading - Season 15 by jorel1(m): 10:21am On Aug 27, 2015
jorel1:
#GBPAAUD, bearish sentiment today after breaking support down to 2,1506, where i would go bullish and hold.
Target almost reached 225 pips cheesy cheesy
Re: Forex Trading - Season 15 by endfx1(m): 11:24am On Aug 27, 2015
Who recalled this chart posted here last week?

Re: Forex Trading - Season 15 by Nobody: 11:32am On Aug 27, 2015
endfx1:
Who recalled this chart posted here last week?
yeah i do remember, this is the benefit of operating always on long term time frame such as the daily and weekly TF...gracias and kudos
Re: Forex Trading - Season 15 by jorel1(m): 1:03pm On Aug 27, 2015
Please can anyone attest to this, according to my broker EURCAD touched 1.4187 on a spike.. today shocked shocked
is this true?

Re: Forex Trading - Season 15 by Nobody: 1:10pm On Aug 27, 2015
USD news by 1.30pm Nigerian time just 20munites from now. My analysis.
'MY' Focus is USDJPY . If price comes below 119.60. i will buy any pip below 119.60. and take profit @119.60,that will be my take profit.
and USDCAD. i will sell at 1.33333 for a 50pips take profit within the news.
These trades expires by 2pm
Re: Forex Trading - Season 15 by fxbomovi: 1:27pm On Aug 27, 2015
jorel1:
Please can anyone attest to this, according to my broker EURCAD touched 1.4187 on a spike.. today shocked shocked
is this true?


1.4871 is d low on my broker xm
Re: Forex Trading - Season 15 by Nobody: 1:43pm On Aug 27, 2015
How can EURCAD go to that level just like that.
On my Broker, lowest level of EC today by 11am Nigerian time, candle is 1.48724.
If they fail to return your money as a result of that spike, please run with your both legs to my broker.http://www.forextime.com/?partner_id=4900129
The last time such spike happened with my broker, all those affected were paid back their money.
jorel1:
Please can anyone attest to this, according to my broker EURCAD touched 1.4187 on a spike.. today shocked shocked
is this true?

1 Like

Re: Forex Trading - Season 15 by frenchman2: 2:14pm On Aug 27, 2015
bought audnzd anad gbpchf
see chart below for details'
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 jorel1(m): 3:11pm On Aug 27, 2015
#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.
Re: Forex Trading - Season 15 by currentprice: 5:28pm On Aug 27, 2015
currentprice:
trade today grin

SELL Eur.Nzd now @ 1.7478 SL 100 PIPS or CLOSE TRADE MANUALLY WHEN YOU DON'T LIKE WHAT YOU SEE

TP OPEN

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

if you take the trade with me congrats,,,,,taken my pips off the table if you like you can take your own risk further there still plenty room to go down grin grin

4 Likes

Re: Forex Trading - Season 15 by Shevychen2: 5:33pm On Aug 27, 2015
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.

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