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Forex Trading - Season 13 - Business (632) - Nairaland

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Re: Forex Trading - Season 13 by caesaraba(m): 8:05am On Nov 07, 2013
Will be looking to trade GBP/CAD for a breakout at London open.
Re: Forex Trading - Season 13 by iffydave: 8:17am On Nov 07, 2013
caesaraba: Will be looking to trade GBP/CAD for a breakout at London open.

What's ur bias....

Long or short??
Re: Forex Trading - Season 13 by caesaraba(m): 8:24am On Nov 07, 2013
iffydave:

What's ur bias....

Long or short??

If it breaks 1.67400 convincingly, I'll go short for 50 pips first TP. however if it breaks 1.67665 convincingly, I'll go long for same 50 pips first TP.
Either way, it's a standard break out trade. SL 25 pips. R:R 1:2.

Re: Forex Trading - Season 13 by fxbomovi: 9:02am On Nov 07, 2013
eur gbp. is ready to rise
Re: Forex Trading - Season 13 by benpuzzy(m): 9:31am On Nov 07, 2013
FOREX TRADING BUSINESS, IF U DONT HAVE THE MIND, NAH HBP BE THAT.
Re: Forex Trading - Season 13 by caesaraba(m): 9:49am On Nov 07, 2013
benpuzzy: FOREX TRADING BUSINESS, IF U DONT HAVE THE MIND, NAH HBP BE THAT.

Hehehe, without MM, HBP na sure banker.

1 Like

Re: Forex Trading - Season 13 by Ifonyinye: 9:49am On Nov 07, 2013
Very true o.
benpuzzy: FOREX TRADING BUSINESS, IF U DONT HAVE THE MIND, NAH HBP BE THAT.
Re: Forex Trading - Season 13 by benpuzzy(m): 9:54am On Nov 07, 2013
caesaraba:

If it breaks 1.67400 convincingly, I'll go short for 50 pips first TP. however if it breaks 1.67665 convincingly, I'll go long for same 50 pips first TP.
Either way, it's a standard break out trade. SL 25 pips. R:R 1:2.

LONDON BRIDGE IS ABOUT TO FALL, BE ALERT SO THAT IT WONT TAKE U UNAWARE.

WAITING FOR AN OPPORTUNITY TO ADD TO MY GC SHORT. STILL WAITING FOR THE WEEKLY MAJOR MOVES COS WE HAVE NOT EXPERIENCED ANY AND TODAY IS THURSDAY. I NEED MONEY BAD BAD COS I WAN TRAVEL GO EAST TOMORROW TO SEE MY LOVELY FAMILY.
Re: Forex Trading - Season 13 by caesaraba(m): 10:12am On Nov 07, 2013
benpuzzy:

LONDON BRIDGE IS ABOUT TO FALL, BE ALERT SO THAT IT WONT TAKE U UNAWARE.

WAITING FOR AN OPPORTUNITY TO ADD TO MY GC SHORT. STILL WAITING FOR THE WEEKLY MAJOR MOVES COS WE HAVE NOT EXPERIENCED ANY AND TODAY IS THURSDAY. I NEED MONEY BAD BAD COS I WAN TRAVEL GO EAST TOMORROW TO SEE MY LOVELY FAMILY.

Thanks jaree. I de your side.
Re: Forex Trading - Season 13 by benpuzzy(m): 10:21am On Nov 07, 2013
A REMINDER:

We have not experienced major moves in some of the major pairs, this normally occur Thursdays and Fridays for GBP pairs while JPY pairs happens Mondays and Tuesdays.

Note that GBP pairs goes in the same direction so dont we taken unaware, if ur position in GU contradicts that of GC, u better wait for the two to move the same direction before u take any advantage, mean while it will happen very soon.

Happy trading and enjoyable weekend ahead.

Just added to my GC short and will also add to my GU short, after which i will cross my finger and be watching the drama.

Just gotten the confirmation a needed on GC waiting for my DDbbfstop to give me a gearish signal b4 i re-enter my second short position on GU.

Re: Forex Trading - Season 13 by benpuzzy(m): 10:38am On Nov 07, 2013
Oga Kehyinde, pls kindly re-send the message u sent me cos i see message alert on NL but nothing in my GMAIL.
Re: Forex Trading - Season 13 by drpips1(m): 2:16pm On Nov 07, 2013
draghi unleashed the bears
Re: Forex Trading - Season 13 by sojmann(m): 2:42pm On Nov 07, 2013
Eur/use fall my hand!!
Re: Forex Trading - Season 13 by Nobody: 2:44pm On Nov 07, 2013
natruetalk:

Boss you try weli but am sorry to say this, this is the time you will see the true reflection of some trader here "mouth". don't be surprise if the seminar is not hold lipsrsealed

surveycash:

Thought am the only one noticing it. Hope no be my post oo undecided

hope oga NATRUETALK prediction above was wrong.

1 Like

Re: Forex Trading - Season 13 by brio(m): 2:45pm On Nov 07, 2013
what a day! Draghi speech still coming smiley smiley smiley
Re: Forex Trading - Season 13 by Nobody: 2:49pm On Nov 07, 2013
ECB has taken traders by surprise. EURUSD is heading to 1.3250
Re: Forex Trading - Season 13 by infofirst(m): 2:54pm On Nov 07, 2013
infofirst:
I still v some shorts.Mid term and long term (1.32xx target)
@Honeric n Endfx, ur humble boy dey greet oh
my day trade long closed at break even n my long term target is d only reason to smile today. frm 3820 target 1.3230. my ogas n ur advice needed now.to close or let run. lesson of d day noted
Re: Forex Trading - Season 13 by Nobody: 2:55pm On Nov 07, 2013
interest rate cut of 0.25% simply means 250pips against that currency. Start counting from the price of the pair before the news comes out.
iheanyiebeneze: ECB has taken traders by surprise. EURUSD is heading to 1.3250
Re: Forex Trading - Season 13 by timtrader(m): 3:18pm On Nov 07, 2013
Managing the eur/usd trend gud going ova 400 pips
Re: Forex Trading - Season 13 by ncpat(m): 3:22pm On Nov 07, 2013
bad market today let me go and sleep
Re: Forex Trading - Season 13 by GP15: 3:41pm On Nov 07, 2013
Buy euro/usd @ 1.33400, TP 1.3500 sl 1.3300
Reason for trade
There is a very strong support at 1.3330 on eur/usd. check your daily time frame a big gap occurred there in sept 15th 2013.
Re: Forex Trading - Season 13 by Nobody: 3:44pm On Nov 07, 2013
ok ECB has changed phase of almost all charts. so sweet i had no open position during the data.

Re: Forex Trading - Season 13 by Nobody: 4:53pm On Nov 07, 2013
EUR/USD may likely hit 3400 before the day runs out
Re: Forex Trading - Season 13 by timtrader(m): 5:01pm On Nov 07, 2013
and the eur/usd trend making more sense

Re: Forex Trading - Season 13 by disaac73(m): 5:59pm On Nov 07, 2013
Today is not my day in forex; I can't tell you guys the number of PIPS I lost today from three trades. Haa... I have been shaken to my marrow; see you guys next week Tuesday, because I aint gonna look at any platform till then. Bye.
Re: Forex Trading - Season 13 by surveycash(m): 6:38pm On Nov 07, 2013
morenaira:

hope oga NATRUETALK prediction above was wrong.

Na true talk NATRUETALK talk but am praying it should be wrong oo. Some of us like rush mentality. The sponsors/donations will come in the 11th hour but the LOC would have prefer it earlier so we can plan adequately.

1 Like

Re: Forex Trading - Season 13 by caesaraba(m): 7:54pm On Nov 07, 2013
caesaraba:

If it breaks 1.67400 convincingly, I'll go short for 50 pips first TP. however if it breaks 1.67665 convincingly, I'll go long for same 50 pips first TP.
Either way, it's a standard break out trade. SL 25 pips. R:R 1:2.

GC made my day on both sides of the market. cheesy
Re: Forex Trading - Season 13 by Nobody: 9:28pm On Nov 07, 2013
This is the 1hr tf of USDCHEF. it broke the daily trendline to the upside now the then resistance is now a support. Now we hope NFP will be positive hehe smiley

1 Like

Re: Forex Trading - Season 13 by Nobody: 9:38pm On Nov 07, 2013
Bearish engulfing candle on the daily tf, thats strong. and also i would like to think thats as head and shoulder pattern so maybe we would see the neckline again but NFP fit change story...

Re: Forex Trading - Season 13 by Nobody: 9:53pm On Nov 07, 2013
This is the GbpUsd daily chart. Hanging man pin bar formed which means a bearish momentum. price couldnt break the 1.6110 resistance. we could see 1.5924...

Re: Forex Trading - Season 13 by Nobody: 9:57pm On Nov 07, 2013
Meanwhile am just saying my bias on pairs pls it does not mean it must go as i said, or i am trading every one of them, i wouldnt want to be nailed, my only fear is the NFP and unemployment claims are expected to worsen, that could complicate things sha. grin and why is the thread so quiet? Nobody dey trade forex again ni? lipsrsealed
Re: Forex Trading - Season 13 by caesaraba(m): 10:23pm On Nov 07, 2013
OliverPin: Meanwhile am just saying my bias on pairs pls it does not mean it must go as i said, or i am trading every one of them, i wouldnt want to be nailed, my only fear is the NFP and unemployment claims are expected to worsen, that could complicate things sha. grin and why is the thread so quiet? Nobody dey trade forex again ni? lipsrsealed

Thanks for your updates jaree.

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