Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,668 members, 7,851,274 topics. Date: Wednesday, 05 June 2024 at 04:13 PM |
Nairaland Forum / Nairaland / General / Business / Forex Trading - Season 13 (657383 Views)
Forex Trading Alerts - Season 16 / Forex Trading - Season 15 / Forex Trading - Season 14 (2) (3) (4)
(1) (2) (3) ... (424) (425) (426) (427) (428) (429) (430) ... (703) (Reply) (Go Down)
Re: Forex Trading - Season 13 by Kirinwa: 1:36pm On Jul 22, 2013 |
Undiluted: Please don't click buy when you want to sell oh! That's a serious situation, imaging taking a trade and he calls you just before you can place a stop loss. Omo na die o.You come use big lot size garnish am. |
Re: Forex Trading - Season 13 by FOREXMARTS: 1:53pm On Jul 22, 2013 |
Kirinwa: Lol it has happens to me before. But that one small. The last one i experienced was where i meant too place trade with 0.5 but mistakenly placed it with 5.0 and out. Came back to check an hour later to see -750. I farted loudly and started sweating in my arm pits. Luckily there was money and when it came down to zero modified it to the right lot size and went on to take 80 pips. See farting. |
Re: Forex Trading - Season 13 by meshpips(m): 2:14pm On Jul 22, 2013 |
Dipocian: Yeah Dipo, the trade is slightly drawn down at the moment. See ehn, I'm honest enough to say EXACTLY where I entered the trade even in the face of a present draw down. I'm still very much convinced that the trade will yield at least 100 pips within 24 hours. You sabi the proverb wey say ''whether goat frown face or not, them go still price am.'' In the same way, whether GU try do stubborn head or not, e go still gimme 100 pips. Enjoy your day my brother. Meshach 1 Like |
Re: Forex Trading - Season 13 by FOREXMARTS: 2:20pm On Jul 22, 2013 |
meshpips: hmm |
Re: Forex Trading - Season 13 by McNelson(m): 2:32pm On Jul 22, 2013 |
meshpips:Oga meshpips..........I do admire your courage. That's what they call discipline, no matter the sitution of the market |
Re: Forex Trading - Season 13 by rozayx5(m): 3:02pm On Jul 22, 2013 |
meshpips: you will need fundamental support if you wanna achieve this feat cause no sell in view here ( the resistances i thought wud hold GU did not hold it, well with the highlighted 24 hrs, it might favor you 2mao morning with its daily breakouts |
Re: Forex Trading - Season 13 by natruetalk: 3:17pm On Jul 22, 2013 |
natruetalk: didn't know what oga kiriwa saw but since my RR is ok am giving it a go tp hit on this call
|
Re: Forex Trading - Season 13 by Kirinwa: 3:24pm On Jul 22, 2013 |
Waiting to short gold around 1345 |
Re: Forex Trading - Season 13 by natruetalk: 3:37pm On Jul 22, 2013 |
@ meshpips what Dipo was saying is how did you sold GU @1.3425 ? when the current high price is 1.5378 |
Re: Forex Trading - Season 13 by natruetalk: 3:53pm On Jul 22, 2013 |
house eyeing to buy either Gbp/jpy or Aud/jpy what do you think ? |
Re: Forex Trading - Season 13 by honeric01(m): 3:59pm On Jul 22, 2013 |
My 40pips on Uchf just hit sl. Waiting and watching UJ and EU respectively. |
Re: Forex Trading - Season 13 by ayoola190: 4:07pm On Jul 22, 2013 |
onlineresource: My Analysis on Gold for this week.Pls how do you draw the horizontal lines and the trendline? |
Re: Forex Trading - Season 13 by Nobody: 4:08pm On Jul 22, 2013 |
bulls are still in charge,smart money could not mark down price on the EU |
Re: Forex Trading - Season 13 by FOREXMARTS: 4:31pm On Jul 22, 2013 |
natruetalk: @ meshpips what Dipo was saying is how did you sold GU @1.3425 ? when the current high price is 1.5378 Smiled when he said that. Maybe a typo. Or na boko haram fx platform? Well he will tell us. |
Re: Forex Trading - Season 13 by onlineresource: 4:31pm On Jul 22, 2013 |
I hope this explanation will help you. in drawing horizontal lines that is valid you have to only draw them on the higher timeframe cos that way, those lines will be respected when you draw it. Horizontal line are drawn in area where there is a reaction of price in a particular area, possibly points of rejections of price. Looking at this chart, the shaded area are where price react on this chart on the 4hour timeframe, so these are the levels that you will looking at as your horizontal line, so what you have to draw this line using the horizontal line in the chart menu. the easiest way to learn this is when you practice this yourself then you will begin to be able to spot them. As you can see from the areas which i have drawn, price is actually reacting in that region and that is what you will be anticipating to happen when price gets to any of this areas. either a rejection or a break. Hope this help. For further study, simply head over to babypips as it might be more explanatory there. In drawing trendline, what you will be doing is simply spotting the swings movement in price, Its also like the horizontal line more to say, but if you read more on babypips, you will have a better understanding. When drawing trendline, you only draw trendline on the higher timeframe, If you trading the 1hr timeframe, Draw your trendline from the 4hr, Daily,Weekly and monthly timeframe and never draw from any where lower as it will create too much noise for you and price might not respect it if you are using it on the lower timeframe apart from the 1hour that you are using it. To draw a trendline right here on the 4hour, i will simply look for areas where price is moving in higher highs/higher lows and lower lows/lower high before drawing the trendline. this is an example of the current chart on gold in drawing the trend.. Pls House if you have any simplier explanation simply help in explaning...
|
Re: Forex Trading - Season 13 by Nobody: 4:32pm On Jul 22, 2013 |
Hmmm uj dey stagger at the moment. 99.53. Lets hope it falls |
Re: Forex Trading - Season 13 by FOREXMARTS: 4:32pm On Jul 22, 2013 |
aguiyi: bulls are still in charge,smart money could not mark down price on the EU Seems someone is studying VSA. Good luck. 1 Like |
Re: Forex Trading - Season 13 by Nobody: 4:33pm On Jul 22, 2013 |
gold has definately change it trade channel.. incase anyone is waiting to short.. you will need to draw a new channel trendlines.. just a reminder.. congrats to those who entered long... |
Re: Forex Trading - Season 13 by Nobody: 4:34pm On Jul 22, 2013 |
FOREXMARTS:na typo. 4 in place of 3. |
Re: Forex Trading - Season 13 by FOREXMARTS: 4:39pm On Jul 22, 2013 |
onlineresource: I hope this explanation will help you. Most of what we are taught about drawing trendlines are obsolete higher highs and lower lows. Let me teach the house to draw true trend line lines. Am posting via mobile so won't post pics but hope u will still understand. May i? |
Re: Forex Trading - Season 13 by natruetalk: 4:39pm On Jul 22, 2013 |
FOREXMARTS: Agreed so because he further talk about drawn down, so it should be 1.5325 |
Re: Forex Trading - Season 13 by Nobody: 4:47pm On Jul 22, 2013 |
FOREXMARTS:yea bro, volume is the best indicator i have seen in this business. |
Re: Forex Trading - Season 13 by natruetalk: 4:50pm On Jul 22, 2013 |
natruetalk: house |
Re: Forex Trading - Season 13 by FOREXMARTS: 4:51pm On Jul 22, 2013 |
aguiyi: Studied it too but the biggest issue your yet to encounter is divergence. Cos when volume and price diverges you never can tell if its a pause or a reversal unless your using a level two or level one platform. But hey if it works for you, go ahead.Not good for mt4 |
Re: Forex Trading - Season 13 by Nobody: 4:54pm On Jul 22, 2013 |
FOREXMARTS: try the tom williams standalone system,its around $1,999. u can enter trade on mt4 with it. all u need is to watch out for high volume/utra high volumes and sup/res. guess u have something that works for u , so no need |
Re: Forex Trading - Season 13 by onlineresource: 4:55pm On Jul 22, 2013 |
FOREXMARTS: sure... you can go ahead... |
Re: Forex Trading - Season 13 by FOREXMARTS: 4:55pm On Jul 22, 2013 |
natruetalk: For an intra day trader today's ADR and ATR has gone beyond 70% too risky. I always g say this, if you don't make money in London and New York sessions which is between 7am to 7pm forget trading for that day cause that's two sessions unless na night vigil u wan do. Speaking intra day |
Re: Forex Trading - Season 13 by endfx1(m): 4:58pm On Jul 22, 2013 |
OliverPin: Hmmm uj dey stagger at the moment. 99.53. Lets hope it falls honeric01: My 40pips on Uchf just hit sl. Am waiting patiently for the current 4hr candle to close for me to decide if to sell or not.though the uptrend line is broken but the weekly S1 at 99.390 is a place to watch.
|
Re: Forex Trading - Season 13 by natruetalk: 5:01pm On Jul 22, 2013 |
FOREXMARTS: brilliant advice sir that is the reason i have not enter the trade. any trade i take now will be for tomorrow take profit for sure. and not ready to take position until next 4hrs close candle if all condition still remain as it is. thank for your comment once again |
Re: Forex Trading - Season 13 by Dipocian(m): 5:07pm On Jul 22, 2013 |
ayox2003: Silver: Sell at the line Can u please explain hw to use dis indicator in identifying this pattern, cos I still can't really get it
|
Re: Forex Trading - Season 13 by Nobody: 5:12pm On Jul 22, 2013 |
endfx1:hmmm you get liver o. the fact say them elect ABE dey make me fear to buy jpys. and besides that, the daily candle don too long to fall more na. my thoughts but i will just watch out for 98.80 for a long. if i see good bullish PA |
Re: Forex Trading - Season 13 by endfx1(m): 5:22pm On Jul 22, 2013 |
OliverPin: hmmm you get liver o. the fact say them elect ABE dey make me fear to buy jpys. and besides that, the daily candle don too long to fall more na. my thoughts but i will just watch out for 98.80 for a long. if i see good bullish PA Lol...am only learning ooo bro.like one of our brother rightly said "Forex is a game of probabilities". Fingers crossed sha! |
(1) (2) (3) ... (424) (425) (426) (427) (428) (429) (430) ... (703) (Reply)
How To Make Regular Income Offering HOT Digital Marketing Services On Fiverr / ➜ ➜ ➜ Football (+/Other Sports) Betting Season 17 ➜ ➜ ➜ / ➜ ➜ ➜ Football (+/Other Sports) Betting Season 16 ➜ ➜ ➜
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 53 |