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Forex Trading - Season 13 - Business (261) - Nairaland

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Re: Forex Trading - Season 13 by IgweOO(m): 9:10am On May 16, 2013
naijababe:


See dem, una too like pips sha, spare a thought for someone loading up on buys grin. Got 3 positions going now, another will be added when 1362 is nicely broken, maybe I should use a stop order (Ayox, you see that grin). Will be adding another lot to my 'oyel' sell too.





mehn, that ur oil sell na confirmed. Said I was gonna sell today too after i saw the resistance around 94.65, Mehn, I missed it but make u baby sit am o, NY open might change things.
Re: Forex Trading - Season 13 by IgweOO(m): 9:15am On May 16, 2013
rozayx5: Hmmm George Soros i feel u shocked shocked shocked

his been shorting AU for some days now, e don hammer shocked shocked

Shebi una talk say, the trend is ur friend. Na guy like that be trend, they set the trend. Infact, they make the trend.

#AU making a brother happy after yesterdays nonsense. @61 now
Re: Forex Trading - Season 13 by Nobody: 9:24am On May 16, 2013
Igwe OO:


mehn, that ur oil sell na confirmed. Said I was gonna sell today too after i saw the resistance around 94.65, Mehn, I missed it but make u baby sit am o, NY open might change things.

Believe it or not, i did night vigil for the thing last night. There is a strong trendline at 93.52 or thereabout on the weekly, if it gets broken on the 4h, na mission to Southie be that o.
Re: Forex Trading - Season 13 by nolly042(m): 9:30am On May 16, 2013
AU 50 PIPS HIT, GOLD 700 PIPS LOCKED IN AND STILL RUNNING TILL WE ARE ASKED TO LEAVE THE MARKET
Re: Forex Trading - Season 13 by rozayx5(m): 9:34am On May 16, 2013
naijababe: Na only Soros?! U nko?


All the goverments are cheating, the Chinese and Japanese are the largest trading partners of Australia, they've learnt to keep their currency weak too, can't say I blame them sha. QE cannot come soon enough

i no dey their league abeg, no kill b4 my time grin grin grin grin
Re: Forex Trading - Season 13 by IgweOO(m): 9:37am On May 16, 2013
naijababe:

Believe it or not, i did night vigil for the thing last night. There is a strong trendline at 93.52 or thereabout on the weekly, if it gets broken on the 4h, na mission to Southie be that o.

Very true.
Re: Forex Trading - Season 13 by rozayx5(m): 9:37am On May 16, 2013
Igwe OO:

Shebi una talk say, the trend is ur friend . Na guy like that be trend, they set the trend. Infact, they make the trend.

#AU making a brother happy after yesterdays nonsense. @61 now

no be talkam ( gordons) grin
Re: Forex Trading - Season 13 by Nobody: 9:42am On May 16, 2013
nolly042: AU 50 PIPS HIT, GOLD 700 PIPS LOCKED IN AND STILL RUNNING TILL WE ARE ASKED TO LEAVE THE MARKET

U don join gold trading ? Good for u. We never ready to leave market o.
Re: Forex Trading - Season 13 by onlineresource: 9:42am On May 16, 2013
enjoying my gold sell....
took a buy yesternight on gold for 60 pips and sold from the high....
260pips now.... grin grin grin
Re: Forex Trading - Season 13 by IgweOO(m): 9:44am On May 16, 2013
#Mehn the way gold prints money eh, e come dey make FX trading seem easy. Trading hard o. smiley
Re: Forex Trading - Season 13 by onlineresource: 9:45am On May 16, 2013
what i like about my trading style now is that even if i lose a trade, i lose less than 2%, most time zero percent cos my trade is already on breakeven of my capital, but on every trade won, percentage made is over 10% especially when it comes to gold....
thats the beauty of trading which i enjoy....
Re: Forex Trading - Season 13 by rozayx5(m): 9:50am On May 16, 2013
nolly042: AU 50 PIPS HIT, GOLD 700 PIPS LOCKED IN AND STILL RUNNING TILL WE ARE ASKED TO LEAVE THE MARKET

grin grin grin

the rebounce is stronger than i thought

Re: Forex Trading - Season 13 by rozayx5(m): 9:56am On May 16, 2013
onlineresource: what i like about my trading style now is that even if i lose a trade, i lose less than 2%, most time zero percent cos my trade is already on breakeven of my capital , but on every trade won, percentage made is over 10% especially when it comes to gold....
thats the beauty of trading which i enjoy....

very good Money mgt
Re: Forex Trading - Season 13 by kcc515(m): 9:58am On May 16, 2013
naijababe:

U don join gold trading ? Good for u. We never ready to leave market o.

Babe, me sef don join! grin I've locked in 127 pips already, I no fit carry last ke, no be bridge I come count for lagos wink

But I will tread with caution.
Re: Forex Trading - Season 13 by elewedu(m): 9:58am On May 16, 2013
Whenever i see huge momemtum candles am always scared of entering the market. I hope with time I will get used to it
Re: Forex Trading - Season 13 by Nobody: 10:11am On May 16, 2013
Na wa o! AU still tanking shocked
Re: Forex Trading - Season 13 by Nobody: 10:11am On May 16, 2013
keep selling sad though am late
Re: Forex Trading - Season 13 by Nobody: 10:11am On May 16, 2013
kcc515:

Babe, me sef don join! grin I've locked in 127 pips already, I no fit carry last ke, no be bridge I come count for lagos wink

But I will tread with caution.


grin grin grin grin grin The more the merrier
Re: Forex Trading - Season 13 by JAkpayen(m): 10:14am On May 16, 2013
JAkpayen:
It's another May again. Just wake up, sell and go back to sleep till October.
gold show me pepper small, I try go against the trend. Well na sell all the way till............... shocked shocked shocked shocked
Re: Forex Trading - Season 13 by IgweOO(m): 10:19am On May 16, 2013
naijababe: Na wa o! AU still tanking shocked

Make e tank more and make a brother happy. grin

#Oil doing the 93.50 support.
Re: Forex Trading - Season 13 by ayox2003: 10:27am On May 16, 2013
Kcc15, I thought we discussed about Aussie last-week Friday and u did promise to trade its break-out on the weekly chart. Ehn? Why then do u wanna buy aussie? I'm away from my pc now but aussie is very weak. Look am well oh.

NB, nice one. Shine on wink


Frawzey
Re: Forex Trading - Season 13 by Birikiti: 10:28am On May 16, 2013
kcc515:

Babe, me sef don join! grin I've locked in 127 pips already, I no fit carry last ke, no be bridge I come count for lagos wink

But I will tread with caution.

Still demo trading Gold and the volatility is simply amazing. How do you guys do it? Do you reduce your lot size for gold trades less than you trade on currencies or do you use tight stop losses?
Re: Forex Trading - Season 13 by ayox2003: 10:34am On May 16, 2013
elewedu: Whenever i see huge momemtum candles am always scared of entering the market. I hope with time I will get used to it

It happens to most traders. You are not alone. The thing is, if its a pair u are not used to, don't trade it and its not advisable to jump-in because sentiments can change at any time. Just let the momentum reduce and plan your trade as u normally do. Don't be carried away at all. The market is always there. Have a great day! smiley


Frawzey
Re: Forex Trading - Season 13 by stolenstone: 10:39am On May 16, 2013
hey, looking to sell OILUSD @ 93.6 sl 95 TP 90. Guys am I late for the ride?? Naijababe what do you think??
Re: Forex Trading - Season 13 by Nobody: 10:43am On May 16, 2013
stolen stone: hey, looking to sell OILUSD @ 93.6 sl 95 TP 90. Guys am I late for the ride?? Naijababe what do you think??

I have a sell now but i entered at 9430. Please wait until 9350 is broken properly before u sell. Like i said before, there is a big fat trendline there, i will launch when it is broken.
Re: Forex Trading - Season 13 by nolly042(m): 10:45am On May 16, 2013
if yesterday should repeat itself today, new york session should be sending us to 1358.xx for another break in transmission
Re: Forex Trading - Season 13 by Birikiti: 11:03am On May 16, 2013
Birikiti:

Still demo trading Gold and the volatility is simply amazing. How do you guys do it? Do you reduce your lot size for gold trades less than you trade on currencies or do you use tight stop losses?

Abeg Gold traders, make una answer me naa! Please I no dey pose o, I wan learn well well
Re: Forex Trading - Season 13 by kcc515(m): 11:07am On May 16, 2013
ayox2003: Kcc15, I thought we discussed about Aussie last-week Friday and u did promise to trade its break-out on the weekly chart. Ehn? Why then do u wanna buy aussie? I'm away from my pc now but aussie is very weak. Look am well oh.

NB, nice one. Shine on wink


Frawzey

sl hit already and I'm out of buy. don't mind me, learner that I am, I thought the thing would keep doing kukere inside the triangle until it gets to the very tip , So when it got to .9888 area, My bias was strongly up, rather than a 50-50 chance. But again, USD has been on rampage!
Re: Forex Trading - Season 13 by Ray1251(m): 11:08am On May 16, 2013
hello please can u recommend a broker for me ,apart from instaforex xemarkets
Re: Forex Trading - Season 13 by stolenstone: 11:22am On May 16, 2013
@Naijababe, thanks ma'am.
Re: Forex Trading - Season 13 by onlineresource: 11:23am On May 16, 2013
@biriki,
I reduce my lot size when trading gold and use normal lot size when trading currencies... Because of the capital on the account am using, for forex currencies I use 0.1 while for gold I use 0.05 when trading...I stick to this size no matter what and have never traded above this size...
That's for me.
Re: Forex Trading - Season 13 by Nobody: 11:29am On May 16, 2013
See as the thread dey happy today. lol

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