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Forex Trading - Season 13 - Business (192) - Nairaland

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Re: Forex Trading - Season 13 by pippimp(m): 6:42pm On Apr 23, 2013
All pairs are conforming to exectations. . . .this is a good time to enter a SELL for the GBPJPY pair for a TP of 139.20. . .though, hitting TP will take a while. . . and if you do not have the patience for a long trade then you can sell at every rally till that tp is met.

Good luck.
Re: Forex Trading - Season 13 by Nobody: 7:05pm On Apr 23, 2013
pip love-vendor:


Aunty mi. . .what's going on. Hope all is well. Missed our sparrings OOOOOOOOO.........


Lol, nucca still be angry as ever grin grin grin
Re: Forex Trading - Season 13 by Nobody: 7:10pm On Apr 23, 2013
fxbomovi: one man meat; another man poison. It filled my buy limit

sticky fingers tongue.


Was someone talking on something because my position on crude also did the same thing and closed out at 25 pips angry
Re: Forex Trading - Season 13 by fxbomovi: 7:30pm On Apr 23, 2013
naijababe:

sticky fingers tongue.


Was someone talking on something because my position on crude also did the same thing and closed out at 25 pips angry
am yet to know d reason for the spike.
Re: Forex Trading - Season 13 by yomexy2(m): 7:36pm On Apr 23, 2013
sorry this is coming late... network hitches. EJ sell @ 129.17 with 17 pips sl.
Note : when i personally place a trade, i follow it closely,when i see S/R, divergence or a black cat walking across the screen, i bail out ! looking for a double bottom sha .
High impact news 9am tomrw, pls note

Re: Forex Trading - Season 13 by Nobody: 7:38pm On Apr 23, 2013
naijababe:

sticky fingers tongue.


Was someone talking on something because my position on crude also did the same thing and closed out at 25 pips angry
See it here http://www.forexfactory.com/news.php?do=news&id=424036.

OMG what a troubled world. Rumors everywhere why now?
Re: Forex Trading - Season 13 by elewedu(m): 10:22pm On Apr 23, 2013
kcc515:

Wow,this is cool. I'm Great Ife too. Dec 2010. wink Cc Onlineresource
good to see old boys in d house...great ife,2007

1 Like

Re: Forex Trading - Season 13 by rozayx5(m): 10:53pm On Apr 23, 2013
barca angry
Re: Forex Trading - Season 13 by Hunkyimage(m): 11:08pm On Apr 23, 2013
rozayx5: barca angry
lol,barca wetin?
Re: Forex Trading - Season 13 by rozayx5(m): 11:12pm On Apr 23, 2013
@hunky image they spoilt my day, Munich deserve their win they played their best today cool

Re: Forex Trading - Season 13 by pippimp(m): 3:13am On Apr 24, 2013
For all intent and purposes, GBPUSD is bearish. But, the set up is not complete. In a perfect world. . .the pair needs to break the trendline formed on the 4HR. . .to give us a nice bullish run to whatever price. . . form it's reversal pattern. . . .then fall right back to 15047. like i said. . .in a perfect world. One can only hope. . .pray. . .and wait. If you look closely at GBPJPY. . .CHFJPY. . .CADCHF. . .USDCHF. . .USDCAD. . .have all done this. CADCHF and USDCHF has completed it's whole cycle and the other pairs mentioned have either completed their reversal patterns. . . or like USDCAD, which is in the process of completing it's reversal for a 200 pip drop.

Good luck. (Mourinho out)
Re: Forex Trading - Season 13 by Kirinwa: 4:29am On Apr 24, 2013
GJ and EJ are BULLISH!

1 Like

Re: Forex Trading - Season 13 by Ivynwa(f): 5:30am On Apr 24, 2013
USD/CHF is showing some bullish tendency right now, Ichimoku and MACD Indicators testified to that. Again it is negatively correlated to EJ which is swinging bull/bearish as the USD/CHF heads up north. The EJ is daggering drunkenly as if it can't make up it's mind so can swing to any direction.
The usd/chf seems more directional. Wondering where the tussle will head to in the long run.
Re: Forex Trading - Season 13 by fxbomovi: 5:40am On Apr 24, 2013
mornin house. I need $11 liberty reserve this morning. If you have for sale, just send your bank details to my email plus the price.
Re: Forex Trading - Season 13 by igchuka(m): 6:09am On Apr 24, 2013
Bought Ej, Eu and Gu, daily trade
Re: Forex Trading - Season 13 by igchuka(m): 6:10am On Apr 24, 2013
Bought Ej, Eu and Gu, daily trade. What do u guys think?
Re: Forex Trading - Season 13 by fxbomovi: 6:30am On Apr 24, 2013
ig.chuka:
Bought Ej, Eu and Gu, daily trade. What do u guys think?
i sold ej and eumanually closed the two trades
Re: Forex Trading - Season 13 by saudatu(m): 6:54am On Apr 24, 2013
Good morning guyz.
Re: Forex Trading - Season 13 by elewedu(m): 7:00am On Apr 24, 2013
naija babe, yomex...please i need you two to recommend a very good book on technical analysis, i will be glad if you guys oblige me.
Re: Forex Trading - Season 13 by honeric01(m): 7:29am On Apr 24, 2013
Overall there is strength in the USD, CAD, NZD and AUD.

Overall there is weakness in the CHF and EUR.


Trading Directions I am favouring for the next 24 hours

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given below. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis.

Buy Trades – GBP/CHF, AUD/CHF, USD/CHF, CAD/CHF

Sell Trades – EUR/AUD, EUR/CAD


To Your Trading Success.
Andrew
Re: Forex Trading - Season 13 by fxbomovi: 7:35am On Apr 24, 2013
fxbomovi: i sold ej and eumanually closed the two trades
and bught gu
Re: Forex Trading - Season 13 by efe22(m): 8:19am On Apr 24, 2013
Sold EUR/CHF @2289 stop 25 pip TP 100+. No light to post early
Re: Forex Trading - Season 13 by Nobody: 8:23am On Apr 24, 2013
elewedu: naija babe, yomex...please i need you two to recommend a very good book on technical analysis, i will be glad if you guys oblige me.

You'll need two.

Technical analysis of the financial markets by John J Murphy

Fibonacci trading, how to master the time and price advantage by Carolyn Boroden.


@ Thread, I had a good look at EJ last night and I think it will range between 128 and 129 until April ends. For the uptrend to continue, April's candle has to close at or above 128.00. In May however, we will probably see 124.xx before that elusive 133.xx comes. I will look for range trades between both levels for now.
Re: Forex Trading - Season 13 by honeric01(m): 8:26am On Apr 24, 2013
efe22: Sold EUR/CHF @2289 stop 25 pip TP 100+. No light to post early

I wouldn't really buy CHF if i were you.
Re: Forex Trading - Season 13 by JAkpayen(m): 8:38am On Apr 24, 2013
naijababe/kirinwa, abeg where do you see gold head to?
Re: Forex Trading - Season 13 by efe22(m): 9:00am On Apr 24, 2013
honeric01:

I wouldn't really buy CHF if i were you.
I trade some levels support/resistance (in actual sense is called demand/supply) price fails to break some significant lines on my chart. I will not recommend anyone trade the way I do for sometime now still testing it on live account. For this particular entry, stochastic shows the instrument was overbought on 4h/daily tf before I took it. Breaking my rules by trading this pair though. This pair was pegged last year and I wonder why the Swiss bank allows it float to this level. Lets see how it goes
Re: Forex Trading - Season 13 by Nobody: 9:09am On Apr 24, 2013
JAkpayen: naijababe/kirinwa, abeg where do you see gold head to?


I wish it'd get to 1495. I bought at 1414 yesterday. Holding that position still.
Re: Forex Trading - Season 13 by JAkpayen(m): 9:29am On Apr 24, 2013
naijababe:


I wish it'd get to 1495. I bought at 1414 yesterday. Holding that position still.
lol...my target is 1486 using fib for 1588 R/1322 S
Re: Forex Trading - Season 13 by efe22(m): 9:39am On Apr 24, 2013
efe22: Sold EUR/CHF @2289 stop 25 pip TP 100+. No light to post early

Close for a re-test. Look at that bullish pin bar on 4hr...hmm.
Re: Forex Trading - Season 13 by nolly042(m): 9:47am On Apr 24, 2013
good morning all. yesterday was good and bad for me...... lost 100 pips in the afternoon after my 120 pips cos of improper market analysis.
but all the same the month has been good. waiting to see what next month will bring for me.
as for today, i see no good position for myself
Re: Forex Trading - Season 13 by igchuka(m): 11:09am On Apr 24, 2013
ig.chuka:
Bought Ej, Eu and Gu, daily trade
Just closed Gu and Ej now, Eu stoploss was hit. Have a nice day
Re: Forex Trading - Season 13 by rozayx5(m): 11:29am On Apr 24, 2013
Lagos here i come cool

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