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Forex Trading - Season 13 - Business (528) - Nairaland

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Re: Forex Trading - Season 13 by Kirinwa: 2:54am On Sep 02, 2013
AU trade activated at 0.8970
Stoploss 0.8870
Target 0.9270
Re: Forex Trading - Season 13 by Kirinwa: 3:10am On Sep 02, 2013
Guys a lot has been said about Pipsychology but I'll share how I deal with indiscipline.

I told you guys I was eyeing GBPAUD and EURAUD but just now I don't understand it's movement again.What did I do?I deleted it from my platform.If I don't see it I won't trade it.If I looked at it longer than I should I might have clicked execute only to regret it.That's all.
Re: Forex Trading - Season 13 by Ogboraph(m): 5:01am On Sep 02, 2013
Ogboraph: entry time Eu entering now at 1.32420 take profit 1.33500 stop-loss 1.3210 am off from my pc till 4pm i will see what it will be. Gu too i have just enter the signal woke me up to enter and forget to till 4pm wen i will have time to see my pc again

on EU am hook, didn't want to lose 30pips on friday and i modify the trade by moving the stoploss down in other not to be taking out soon and trade is still on am happy even if am on loss now

Re: Forex Trading - Season 13 by Kirinwa: 5:10am On Sep 02, 2013
Ogboraph: on EU am hook, did want to lose 30pips on friday and i modify the trade by moving the stoploss down in other not to be taking out soon and trade is still on am happy even if am on loss now

One day Monkey will go market and won't return.Adjusting stoploss is one of the dangerous ways of trading especially for you that is known to use big lot size.No one is right all the time.
Re: Forex Trading - Season 13 by Kirinwa: 5:38am On Sep 02, 2013
Am going back to babypips school for a refresher course.

1 Like

Re: Forex Trading - Season 13 by rozayx5(m): 5:46am On Sep 02, 2013
rozayx5: EN BUY TP hit 50 pips cool
gold TP hit 200 pips

GJ sell still running + 30 @ BE
bed time

GJ stopped @ BE cool

250 pips bagged already this week, shop closed for the week

my FF calendar is red
Re: Forex Trading - Season 13 by adeyinkabasir(m): 6:45am On Sep 02, 2013
infofirst: Then one appeal to the house, i will appreciate if we can stop criticizing trades that end in a loss, afterall we r learning n the attitude of some ppl towards Meshpips loss trade calls on jpy last week pairs make me feel like one day, i will be in his shoes and no one will remember the good times. Lets encourage our selves and then let not all post all of our alerts here but high probability trades.
My view on eu, My immediate resistance is at 1.332x/4x and 1.320x as immediate support and if 332x holds, 1.27xx might be calling again n plan ur trade and trade ur plan.
Blessed week

i think it should be this way; When somone posts an alert i think two or more traders can confirm it by crediting the Authenticity or discrediting it and Giving Reasons why it should or should not hold. I think we all will get to learn that way!
Re: Forex Trading - Season 13 by pinbar(m): 6:53am On Sep 02, 2013
Ogboraph:

on EU am hook, didn't want to lose 30pips on friday and i modify the trade by moving the stoploss down in other not to be taking out soon and trade is still on am happy even if am on loss now

hello sir, lesson 101 i learnt.... cut your losses and allow profit run, not the other way round.
Re: Forex Trading - Season 13 by pinbar(m): 6:54am On Sep 02, 2013
Ogboraph:

on EU am hook, didn't want to lose 30pips on friday and i modify the trade by moving the stoploss down in other not to be taking out soon and trade is still on am happy even if am on loss now

hello sir, lesson 101 i learnt.... cut your losses and allow profit run, not the other way round. and i think eu is still going down.
Re: Forex Trading - Season 13 by elewedu(m): 7:05am On Sep 02, 2013
My first trade of the week, EURAUD sell @ 1.47235. stoploss@1.47850 takeprofit@1.46301. lets see how it goes.

Re: Forex Trading - Season 13 by Kirinwa: 7:33am On Sep 02, 2013
adeyinka_basir:

i think it should be this way; When somone posts an alert i think two or more traders can confirm it by crediting the Authenticity or discrediting it and Giving Reasons why it should or should not hold. I think we all will get to learn that way!

No objection as far as it's constructive.

1 Like

Re: Forex Trading - Season 13 by Kirinwa: 7:36am On Sep 02, 2013
pinbar:

hello sir, lesson 101 i learnt.... cut your losses and allow profit run, not the other way round. and i think eu is still going down.

Need I share that I had several margin calls in the past because of adjusting stoploss and became suicidal?
Re: Forex Trading - Season 13 by surveycash(m): 7:39am On Sep 02, 2013
surveycash:
[img]http://dc540.4shared.com/img/CdHickwN/s7/140c5ef21b0/oil.jpg?async&rand=0.7182089927612155[/img]

sold OIL at 109.29 -> sl: 112.47 tp: 103.47. If you cant risk 300pips, dont near it

Exit now or wait till today's close? Reversl is imminent on 4h but for how long?
Re: Forex Trading - Season 13 by amyoge(f): 7:40am On Sep 02, 2013
I can see everything turning around, everything turning around, everything turning around for your good.
Somebody no go allow us sleep today cos e go make mouth tireooooooooooo. FX is sweat.
Ogboraph:

on EU am hook, didn't want to lose 30pips on friday and i modify the trade by moving the stoploss down in other not to be taking out soon and trade is still on am happy even if am on loss now
Re: Forex Trading - Season 13 by adeyinkabasir(m): 8:04am On Sep 02, 2013
what do guys think buying EURCAD to 1.4060 and Buying EURUSD to 1.3385 ?
Re: Forex Trading - Season 13 by bidemi12(m): 8:10am On Sep 02, 2013
I heard the funniest joke today. . ."apparently, to be successful in forex, place a trade in direct opposite to what a newbie would place.. . .you'd win every time". . . Lol
Re: Forex Trading - Season 13 by Nobody: 8:11am On Sep 02, 2013
surveycash:

Exit now or wait till today's close? Reversl is imminent on 4h but for how long?

Area of interest for now is around 107.80-108.10 area, if that area is crossed, then 108.80 will be be next call. I took a peek in this morning and bought at 106.00 with a view to tp at 108.10.........I was not going to trade today because of Labor day but with an R:R of 1:3, i decided to.
Re: Forex Trading - Season 13 by Kirinwa: 8:12am On Sep 02, 2013
bidemi12: I heard the funniest joke today. . ."apparently, to be successful in forex, place a trade in direct opposite to what a newbie would place.. . .you'd win every time". . . Lol

Am looking forward to enter Eurcad for 300 pips profit but not today,tomorrow it is.
Re: Forex Trading - Season 13 by rozayx5(m): 8:15am On Sep 02, 2013
hmmmm, EXNESS delivering Automatic as usual, these guys are too much, hope they keep it up grin

Re: Forex Trading - Season 13 by Kirinwa: 8:17am On Sep 02, 2013
200pips profit locked in EJ,GJ buy.See you guys later.Expect my GJ,EJ alert later today.

1 Like

Re: Forex Trading - Season 13 by bidemi12(m): 8:17am On Sep 02, 2013
Kirinwa:

Am looking forward to enter Eurcad for 300 pips profit but not today,tomorrow it is.

I would focus on usdcad and gbpaud pair. . .both very bullish.
Re: Forex Trading - Season 13 by Kirinwa: 8:20am On Sep 02, 2013
bidemi12:

I would focus on usdcad and gbpaud pair. . .both very bullish.

Enjoy.
Re: Forex Trading - Season 13 by adeyinkabasir(m): 8:30am On Sep 02, 2013
EURAUD still Bearish for now cud get to 1.4623
Re: Forex Trading - Season 13 by rozayx5(m): 8:35am On Sep 02, 2013
Kirinwa: 200pips profit locked in EJ,GJ buy.See you guys later.Expect my GJ,EJ alert later today.

excellent GJ buy from you cool cool

1 Like

Re: Forex Trading - Season 13 by adeyinkabasir(m): 8:35am On Sep 02, 2013
Kirinwa: 200pips profit locked in EJ,GJ buy.See you guys later.Expect my GJ,EJ alert later today.

CONGRATS, Great job well done Man!!!

1 Like

Re: Forex Trading - Season 13 by ncpat(m): 8:40am On Sep 02, 2013
Hope the US never invade syria this one wey ej n uj dey fly north like jet grin cheesy
Re: Forex Trading - Season 13 by adeyinkabasir(m): 8:48am On Sep 02, 2013
EURUSD buy @ 1.3217 sl @ 1.3167 tp 1.3419
Re: Forex Trading - Season 13 by Kirinwa: 8:56am On Sep 02, 2013
Let me share my theory.I expect EJ,GJ to fall either by 9:30am news or later in the evening which will continue tomorrow.Be Alert!
Re: Forex Trading - Season 13 by fxbomovi: 9:16am On Sep 02, 2013
Ej strength is from uj

with nfp expected this week, usd news will be important and widely watched for sentiment. When usd news comes out better, this will fuel traders believe that nfp will come out better. So uj and ej will keep rising as long as usd news comes out better than expected.
Kirinwa: Let me share my theory.I expect EJ,GJ to fall either by 9:30am news or later in the evening which will continue tomorrow.Be Alert!
Re: Forex Trading - Season 13 by seyejohn94: 9:20am On Sep 02, 2013
Sorry guyz couldn't share my view on usdjpy because of network... Let me still share my Sunday Research for the week...
USD/JPY
Will be looking for a buy signal this week for this pair. The 4h chart will be my primary focus... I tip a rise to 99.00/99.75 area... I will take buy signal from my 4h chart and as usual will wait for the price to close above 7EMA after the buy signal is triggered... I might trade the 1h chart if time permits and take profit around resistance (daily) area but for the 4h chart will take profit around 99.00/75 area... Apply mm for Stp or as stated in my previous post of EUR /GBP.. Anything less Dan 1:1.5 is no go area for me...
Price could just rubbish my analysis
:-) sniper...
Re: Forex Trading - Season 13 by Kirinwa: 9:28am On Sep 02, 2013
Kirinwa: Let me share my theory.I expect EJ,GJ to fall either by 9:30am news or later in the evening which will continue tomorrow.Be Alert!

Based on this Ej sellstop 131.90,GJ sellstop 154.50
Re: Forex Trading - Season 13 by seyejohn94: 9:29am On Sep 02, 2013
seyejohn94:
EUR/GBP
Will be looking for a sell signal this week especially in the 4h chart if time permits 1h signals will be considered... Frm Wat I can see here I tip a fall to 0.8480/50 area... Using d 1h chart, I will likely take profit around daily support area... But with my normal 4h chart I will take profit around 0.8480/50 area...
SAFETY
When ur system triggers d sell wait for price to close below 7EMA...Stp shud be 15 pips frm 7EMA for 1h chart and 30 pips for 4h chart... Make sure you risk reward is at least 1:1.5...If not forget d signal...
The price may decide to rubbish everything... If ur sell signal is triggered btwn 0.8655/0.8700 area then TP shud be 0.8575/56 area for 4h tf...
:-) sniper...
Target reached cheers
:-) sniper...

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