Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,162,708 members, 7,851,404 topics. Date: Wednesday, 05 June 2024 at 06:40 PM

Forex Trading - Season 13 - Business (431) - Nairaland

Nairaland Forum / Nairaland / General / Business / Forex Trading - Season 13 (657405 Views)

Forex Trading Alerts - Season 16 / Forex Trading - Season 15 / Forex Trading - Season 14 (2) (3) (4)

(1) (2) (3) ... (428) (429) (430) (431) (432) (433) (434) ... (703) (Reply) (Go Down)

Re: Forex Trading - Season 13 by FOREXMARTS: 5:20pm On Jul 23, 2013
Closed au for 9% increase on equity at +30 pips. Done for the day. Fellow intra-day traders let's wind down for the day. Exhausted more than 70%atr and adr for today. Look forward to our trend view for tomorrow. Thanks.
Re: Forex Trading - Season 13 by infofirst(m): 5:22pm On Jul 23, 2013
rozayx5: Still learning PA, hope to join my PA OGA's soon (earning while learning) grin

Infact +100000000000000000000000000000000000likes, please accept me as ur number one student on this.
Re: Forex Trading - Season 13 by infofirst(m): 5:26pm On Jul 23, 2013
elewedu: Forex is difficult,yet what works are vry simple things. i knw dis nt because am profitable,bt i because some people have bought houses worth millions in dis biz jst by rulling jst horizontal lines on the chart nd trading jst GU Those people can read crowd emotions, nd knw pretty well where d money is. Forex is simple,our mind jst would nt appreciate nd accept it,we have been tailored to believe only complex things. I am yet to be profitable because am yet to find and believe the simple things that work. I hope i find one soon

The Lord shall see u tru bro n u can do it n just believe
naijababe: See as oil just dey mess me about! Ok nau! God dey undecided
Mkt is dulling really since last week n me only on my oil and was forced to close one sell position at 75pips
It happens n we need be patient till we r done wit this present mkt condition
Re: Forex Trading - Season 13 by Kirinwa: 6:18pm On Jul 23, 2013
Am still on my trade calls.No shaking.
Re: Forex Trading - Season 13 by natruetalk: 6:26pm On Jul 23, 2013
House

eyeing eur/usd buy

what do you think?

i have my eur/jpy running am holding it till tp but want to add eur/usd join. your opinion on this?
Re: Forex Trading - Season 13 by Birikiti: 6:29pm On Jul 23, 2013
meshpips: This was a very nice trade! Notice how price found enough supply within the 8-pip sell cluster. I do hope that a few traders took the buy trade and were also smart enough to sell from the point D. That this trade worked perfectly well on 5min tf is proof positive to the fact (and truth) that MARKETS ARE FRACTAL IN NATURE. My honest advice to those who think support/resistance levels don't work effectively on lower tfs is that they should go have a proper re-think. Smaller tfs actually offer more trading opportunities than larger tfs. It is now solely dependent on the trader's skill set to determine what he can max out from the many small waves generated. Enjoy your evening guys! Meshach

Don't stop talking it!
Re: Forex Trading - Season 13 by endfx1(m): 7:02pm On Jul 23, 2013
GU long term buy in the making.Monthly Pivot at 1.537xx holding price...buyers should look to buy above 1.5390
Re: Forex Trading - Season 13 by endfx1(m): 7:12pm On Jul 23, 2013
Feel like sharing swing trading strategy with Low risk High reward ratio on the 4hr and daily chart.

Very simple and effective..
Re: Forex Trading - Season 13 by FOREXMARTS: 7:37pm On Jul 23, 2013
endfx1: Feel like sharing swing trading strategy with Low risk High reward ratio on the 4hr and daily chart.

Very simple and effective..

Go ahead bro.
Re: Forex Trading - Season 13 by Kirinwa: 7:57pm On Jul 23, 2013
Gold sell limit 1347
Stoploss 1352
Target 1327

Gold sellstop 1340
Stoploss 1345
Target 1327
Re: Forex Trading - Season 13 by martog: 8:23pm On Jul 23, 2013
endfx1: Feel like sharing swing trading strategy with Low risk High reward ratio on the 4hr and daily chart.

Very simple and effective..
Dat na d koko

1 Like

Re: Forex Trading - Season 13 by martog: 8:24pm On Jul 23, 2013
Kirinwa: Gold sell limit 1347
Stoploss 1352
Target 1327

Gold sellstop 1340
Stoploss 1345
Target 1327

My Oga, please let me take my profit b4 u begin to sell ooooo....
Re: Forex Trading - Season 13 by Optimisticgondy(m): 8:42pm On Jul 23, 2013
Good evening Traders. I'm really in learning Price Action and would want PA traders here share their study materials with me so as to aid my study? I will also want to know who the best PA coach to follow among Nial Fuller, Jonathan Fox and Chris C. is.
Thanks in anticipation of your assistance
Re: Forex Trading - Season 13 by IgweOO(m): 8:44pm On Jul 23, 2013
martog:
My Oga, please let me take my profit b4 u begin to sell ooooo....


grin grin grin grin
Re: Forex Trading - Season 13 by ayoola190: 9:06pm On Jul 23, 2013
endfx1: Feel like sharing swing trading strategy with Low risk High reward ratio on the 4hr and daily chart.

Very simple and effective..
Sir, we are waiting
Re: Forex Trading - Season 13 by endfx1(m): 9:33pm On Jul 23, 2013
Swing trading the 4hr and Daily Time Frames.

Indicators:

50EMA and 5 smooth MA all applied to close.

Period 21 RSI with levels 54 and 45...helps to detect choopy market.

BUY ENTRY..

Wait for a bullish candle to break the 50ema..avoid too long candles

Place a buy stop order 5pips above the high of that candle

Stop loss: at 10pips below the low of the same candle

Exit: A bearish candle close below the 5sma or anywhere you find strong support.

Note: Why we place a buy stop 5pips above is that sometimes a candle will break the 50ema without moving in the direction and the next candle will be bearish.if you entered instant you might want to close out of fear.

SELL ENTRY...opposite of the buy entry rules..

When the period 21 RSI is trading inside the 55/45 levels its an indication of a ranging market.

Please this strategy is suitable for 4hrs and daily time frames because you will have less noise on this time frames.however, this strategy is open to scrutiny to improve on it.

Any question and suggestion is welcome..i will post more chart examples later

Re: Forex Trading - Season 13 by jpmorgan003: 9:35pm On Jul 23, 2013
endfx1: Feel like sharing swing trading strategy with Low risk High reward ratio on the 4hr and daily chart.

Very simple and effective..
Space booked. Tango yankee.
Re: Forex Trading - Season 13 by endfx1(m): 9:50pm On Jul 23, 2013
Another example of how to enter a trade that you probably would have missed...

NB..Always consider the position of the RSI as at the time of entry if its below 45 for a SELL and above 55 for a BUY..though sometimes it cannot be the case but atleast it should be above 50 or below 50 for both buy and sell

Re: Forex Trading - Season 13 by endfx1(m): 10:03pm On Jul 23, 2013
All marked areas are points of entry and exits...well still enjoying my sell of this pair taken off the 4hr chart.

2 Likes

Re: Forex Trading - Season 13 by Theyjih: 10:07pm On Jul 23, 2013
mkmyers45: Whats the highest price jump on a currency pair in history?

familiar with TULIPMANIA? guess it is! tulip craze 1636-37
Re: Forex Trading - Season 13 by endfx1(m): 10:12pm On Jul 23, 2013
Example of how to know a ranging market...RSI trading between 55 and 45 levels for too long and the two MA's too close together not spreading out.

Enough for today..see you all 2moro

Gudnight!

Re: Forex Trading - Season 13 by endfx1(m): 10:30pm On Jul 23, 2013
USDCHF forms inside bearish pin bar...hmmmmmm shocked shocked shocked

Re: Forex Trading - Season 13 by alentino1(m): 11:20pm On Jul 23, 2013
Optimisticgondy: Good evening Traders. I'm really in learning Price Action and would want PA traders here share their study materials with me so as to aid my study? I will also want to know who the best PA coach to follow among Nial Fuller, Jonathan Fox and Chris C. is.
Thanks in anticipation of your assistance

I will be glad to send you Price Action trading course by Nail Fuller
Re: Forex Trading - Season 13 by arthuryemi(m): 11:29pm On Jul 23, 2013
hello my fellow piphunters, am planing to get a new laptop with longer battery life for my trading next week. can someone recommended a reliable brand and model .it's urgent thanks all
Re: Forex Trading - Season 13 by arthuryemi(m): 11:29pm On Jul 23, 2013
GOD BLESS FOREMART AND ENDFX FOR THEIR TIMELY TUTORIALS
Re: Forex Trading - Season 13 by Nobody: 12:35am On Jul 24, 2013
arthuryemi: hello my fellow piphunters, am planing to get a new laptop with longer battery life for my trading next week. can someone recommended a reliable brand and model .it's urgent thanks all
the imac. there is one with over 10hrs battery life.
Re: Forex Trading - Season 13 by adeyinkabasir(m): 1:03am On Jul 24, 2013
endfx1: Example of how to know a ranging market...RSI trading between 55 and 45 levels for too long and the two MA's too close together not spreading out.

Enough for today..see you all 2moro

Gudnight!


oga endfx1, pls can u help with that Red and Blue arrow on ur chart
Re: Forex Trading - Season 13 by Kirinwa: 1:07am On Jul 24, 2013
SELLSTOP THE FOLLOWING

EJ AT 131.40
GJ AT 152.80
UJ AT 99.30
CHFJPY 106.30
CADJPY 96.50
Re: Forex Trading - Season 13 by Kirinwa: 1:10am On Jul 24, 2013
Kirinwa: SELLSTOP THE FOLLOWING

EJ AT 131.40
GJ AT 152.80
UJ AT 99.30
CHFJPY 106.30
CADJPY 96.50

Target 100 pips
Stoploss 50 pips
Re: Forex Trading - Season 13 by Kirinwa: 1:56am On Jul 24, 2013
Kirinwa: SELLSTOP THE FOLLOWING

EJ AT 131.40
GJ AT 152.80
UJ AT 99.30
CHFJPY 106.30
CADJPY 96.50

STILL VALID.
Re: Forex Trading - Season 13 by infofirst(m): 4:12am On Jul 24, 2013
Optimisticgondy: Good evening Traders. I'm really in learning Price Action and would want PA traders here share their study materials with me so as to aid my study? I will also want to know who the best PA coach to follow among Nial Fuller, Jonathan Fox and Chris C. is.
Thanks in anticipation of your assistance

Tapp frm d three of them n come up with a PA strategy that suits ur type of person.
...This is a method that has been around for a long time and will be around for a long time to come. Unlike other indicators or black box systems, Price Action trading does not stop working when the market dynamics change.
Re: Forex Trading - Season 13 by FOREXMARTS: 5:11am On Jul 24, 2013
EJ= BUY ONLY
EU= BUY ONLY
NU= BUY ONLY
GU= BUY ONLY
AU= BUY ONLY
NJ=BUY ONLY
GOOD MORNING ALL.

Now take a look audusd from yesterday since i posted the trendline pic. Price just couldn't break that point.

Currently have au buy limit @0.9254 and buy limit on nu@ 0.7959 average 30 pips target.

Good luck

(1) (2) (3) ... (428) (429) (430) (431) (432) (433) (434) ... (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. 42
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.