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Nairaland Forum / Nairaland / General / Business / Forex Trading - Season 13 (659315 Views)
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Re: Forex Trading - Season 13 by frenchman2: 9:24am On Aug 14, 2013 |
adeyinka_basir: sir, i think the bulls are still in charge. i might be wrong. though i bought uj my target is the trendline see chart below Nothing is guaranteed. let's see how it plays out PRICE IS KING. FOLLOW IT WHEREVER IT GOES. 1 Like
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Re: Forex Trading - Season 13 by frenchman2: 9:27am On Aug 14, 2013 |
Sold eur/nzd based on the break of yesterday's low. and this is in line with the downtrend
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Re: Forex Trading - Season 13 by pinbar(m): 9:36am On Aug 14, 2013 |
pinbar: my GU at BE against the up coming newsstopped out at BE, selllimit order waiting at 1.5502 edit : triggered. sl 1. 5515 |
Re: Forex Trading - Season 13 by adeyinkabasir(m): 9:44am On Aug 14, 2013 |
frenchman2:thanks a million time.....i really appreciate ur sincere opinion....God bless u Man |
Re: Forex Trading - Season 13 by pinbar(m): 9:48am On Aug 14, 2013 |
pinbar:: i think this is meshpips' kind of trade...3 pips drawdown trade at BE. na becos i am less busy today, thats why i m on 1hr tf, ordinarily, i trade the dailies, but my entries is strictly daily except for the news wey wan show hinself |
Re: Forex Trading - Season 13 by WildChild00(m): 9:54am On Aug 14, 2013 |
30 mins ago. Sell Gbp/Usd @ 1.5400 SL 1.54600 TP 1.54200 |
Re: Forex Trading - Season 13 by XHTML: 10:48am On Aug 14, 2013 |
naijababe: I know that "aha" feeling. I found the peak performance course very intriguing, definitely a good investment for the serious investor/trader but will require some free time for full concentration. Will plan to get it, perhaps the December holidays will be a good time to 'reprogram' myself. So next year my plan to branch out into options and stocks fully can be smooth. Saw the books in my box. Gracias! onlineresource: you all need to watch this video... Followed the series back in 2009, definitely an eye opener. |
Re: Forex Trading - Season 13 by ayox2003: 10:58am On Aug 14, 2013 |
WildChild00: 30 mins ago. Boss, I believe you need to read/google about risk reward ratio. Your SL/risk (in pips) is greater than your TP/reward (in pips). It should be the other way round so as to minimise risk. *peepin' Tom* Frawzey |
Re: Forex Trading - Season 13 by mancol(m): 11:03am On Aug 14, 2013 |
@naijababe, pls help send the e-book to me at eluwacollins@yahoo.com. More pips to ur account! naijababe: Bullish divergence developing on EA on the daily tf. EU finally rejected the 61.8% level on the weekly, it could be mission to 1.311xx, I am fully loaded up on EA otherwise, I'd be shorting EU just about now with a 50 pip stop. |
Re: Forex Trading - Season 13 by Nobody: 11:05am On Aug 14, 2013 |
XHTML: Mehn! Options kwa?! Some one encouraged me a while back to give options ago after reading some texts, I decided that Imma stick to what I am doing. The timing element of options was too scary for me but I suppose you can learn it if you really wanna. Me, I am sticking with US oil, na hin go dash me my own millions @ Thread, closed my oil short at +4pips this morning. I am standing aside until crude inventory release, look out for break out of 107.34 or 105.20 ...............Still holding EA long from last night, there is a bullish divergence on the daily plus a rejection of the 38.5% level on the same tf. |
Re: Forex Trading - Season 13 by onlineresource: 11:05am On Aug 14, 2013 |
WildChild00: 30 mins ago. So you are willing to risk 60pip for just 20pips target.... |
Re: Forex Trading - Season 13 by onlineresource: 11:08am On Aug 14, 2013 |
naijababe: okay naa.... we go join you to in making the million.... i don rectify my messenger now... my internet explorer was offline, thats why it wasnt connecting |
Re: Forex Trading - Season 13 by WildChild00(m): 11:10am On Aug 14, 2013 |
ayox2003: Like the saying goes, "One man's meat is another poison" in forex there are different ways to kill a bird. One hour ago, I entered @ sell Gbp/Usd @ 1.54400 SL 1.54600 TP 1.54200 |
Re: Forex Trading - Season 13 by Nobody: 11:12am On Aug 14, 2013 |
@ayox and OnlineR the guy just made an error matb while rushing. the price is below the SL and TP which is abnormal for a sell position. mayb his TP was suppose to be 1.5320 and not 1.5420.... |
Re: Forex Trading - Season 13 by Nobody: 11:20am On Aug 14, 2013 |
iheanyiebeneze: Am getting dangerous emails this days. Be careful on how you drop your email in this public place.NEVER download anything sent to you from unfamiliar source,because immediately you do that, all your information is HACKED. Oga mi, na so o, I had to create a new email just for NL purposes, from getting strange friendship requests to bank alerts from institutions that don't even know I exist Awon boys are not smiling rara o 1 Like |
Re: Forex Trading - Season 13 by ayox2003: 11:23am On Aug 14, 2013 |
WildChild00: Ema binu simi Sir. OliverPin: @ayox and OnlineR the guy just made an error matb while rushing. the price is below the SL and TP which is abnormal for a sell position. mayb his TP was suppose to be 1.5320 and not 1.5420.... Okay. I think I erred too. But the risk-reward ^ aint also good enough, zactly 1:1. Frawzey |
Re: Forex Trading - Season 13 by omejeo: 11:27am On Aug 14, 2013 |
pls nijababe rememenber me poampearl@gmail.com thank ma |
Re: Forex Trading - Season 13 by onlineresource: 11:37am On Aug 14, 2013 |
naijababe: i have like 7 emails that i use... each for different purposes that they both serve.... Na because of security too na... One suppose wiseup with all this hackers wey one hack persons laptop... |
Re: Forex Trading - Season 13 by onlineresource: 11:39am On Aug 14, 2013 |
i already missed a buy entry on gold today at 1315... i just dey vex now and just watching the chart... though i dont think this buy will still get back to 1315 area againg... Anyways... i will have to wait till i get another entry... |
Re: Forex Trading - Season 13 by rozayx5(m): 11:56am On Aug 14, 2013 |
rozayx5: sold EURNZD
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Re: Forex Trading - Season 13 by omejeo: 12:10pm On Aug 14, 2013 |
pls house which way is ejpy heading to iam seeing south but bit confuse |
Re: Forex Trading - Season 13 by Nobody: 12:14pm On Aug 14, 2013 |
omejeo: pls house which way is ejpy heading to iam seeing south but bit confusei cannot categorically tell you one now but after the close of this current 4hr candle we will automatically see directions on the Jpy pairs. Just what i think |
Re: Forex Trading - Season 13 by rozayx5(m): 12:18pm On Aug 14, 2013 |
hmmm 2nd TP hit too 170 pips total |
Re: Forex Trading - Season 13 by TheShootist(m): 12:19pm On Aug 14, 2013 |
Pls feel free to critique the trade o! We will be learning together noni Stop loss below the pink line. RR around 1:1. Super traders start from 1:3 (better reward for your risk)
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Re: Forex Trading - Season 13 by XHTML: 12:36pm On Aug 14, 2013 |
naijababe: Reminds me of an FX trader that once told me he needed a good broker that could easily handle 'large volumes'. The volume he spoke of shook me. We'll all get there sooner! Been planning on 'diversifying' from next year. Options is exciting but the risk is real - even worse when you include the complexity. The binary options (which I've got some experience with) is a bit easier to understand. The others are quite complex and need a bit of studying to get the hang of. Moved my SL to BE on my oil short, I'm up 44pips. I think you should've left it on, A test of the daily support @ 105.64 is likely. |
Re: Forex Trading - Season 13 by Nobody: 12:37pm On Aug 14, 2013 |
The Shootist: Pls feel free to critique the trade o! We will be learning together noni Stop loss below the pink line. RR around 1:1. Super traders start from 1:3 (better reward for your risk) Good set-up there but pay attention at 94449 area, there'a a secondary resistance there, if it scales that area then your tp should be hit. Goodluck |
Re: Forex Trading - Season 13 by saudatu(m): 12:37pm On Aug 14, 2013 |
fxbomovi: . Sent Thank you sir. |
Re: Forex Trading - Season 13 by Nobody: 12:46pm On Aug 14, 2013 |
XHTML: E just dey do me one kain because I had a number of trendlines hanging about so I decided to stand aside, no one loses money by standing aside o jare. Make 'FOMO' no kon cause katakata. On options, after reading 3 books and the greeks were still giving me a headache, i just fashy o but who knows I may try it again after i don hammer wella |
Re: Forex Trading - Season 13 by XHTML: 12:49pm On Aug 14, 2013 |
The Shootist: Pls feel free to critique the trade o! We will be learning together noni Stop loss below the pink line. RR around 1:1. Super traders start from 1:3 (better reward for your risk) Ah, took this trade a couple hours ago and I'm up 14pips. If it can clear the 0.94xx resistance as naijababe rightly said, I reckon we'll be set for a rally to 0.958x (which is where I have my TP) and potentially 0.96xx. My SL is 103pips flatout. |
Re: Forex Trading - Season 13 by rozayx5(m): 12:52pm On Aug 14, 2013 |
naijababe: |
Re: Forex Trading - Season 13 by TheShootist(m): 1:48pm On Aug 14, 2013 |
naijababe: XHTML: Thanks Bosses. Will be watching the level. |
Re: Forex Trading - Season 13 by XHTML: 1:53pm On Aug 14, 2013 |
naijababe: The uncertainty surrounding the quantitative easing is causing these choppy markets we're seeing. The terms sounded strange at first (Call, put, strike price, Delta and all those). Been doing the basic binary options - (mainly currencies and commodities). It's fairly easy to scale those, since one point above (or below) your strike price is all you need to close in profit. Still studying and testing small amounts on the regular options - that's a whole new level. I don't suppose you've seen this interview with a succesful options trader who managed to get the hang of it quickly: https://www.youtube.com/watch?v=cXy9HoWX0es Hopefully before next year, I'll have 'reprogrammed' myself with the "Peak Performance" course to break into new markets. |
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