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Forex Trading - Season 14 - Business (176) - Nairaland

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Re: Forex Trading - Season 14 by seyejohn94: 6:08am On Nov 01, 2014
happy new month wat beta way to av ended d month... more money for traderz....time to make xmaz money....

happy trading...
Re: Forex Trading - Season 14 by Nobody: 6:54am On Nov 01, 2014
thanks
Re: Forex Trading - Season 14 by deflover(m): 11:03am On Nov 01, 2014
hmmm
Re: Forex Trading - Season 14 by Joysmart(f): 12:20pm On Nov 01, 2014
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2 Likes

Re: Forex Trading - Season 14 by deflover(m): 4:44pm On Nov 01, 2014
Euro/Usd is set for another bullish swing but the bears look as if they wont let her be....but with the double bottom of last 2014/10/03......THE CANDLE CLOSE FOR THOSE WEEKS WERE 1.2515 AND ABOVE...NOW WE HAVE COME TO RETEST IT AGAIN THIS WEEK AND AGAIN WE CLOSED ABOVE 1.2515 SO WE HAVE TWO CANDLE CLOSE ABOVE 1.2515 GIVING US THE NOTION THAT A REVERSAL IS HERE that can take us back to 1.3900 and more

Re: Forex Trading - Season 14 by Nobody: 4:57pm On Nov 01, 2014
Analysis for next week in progress.
Re: Forex Trading - Season 14 by Kirinwa: 5:28pm On Nov 01, 2014
iheanyiebeneze:
Analysis for next week in progress.

The pair to watch is GJ as it did over 400 pips on friday. Its expected to shed atleast 150 pips on monday.
Its important to note its heavily bullish and having cleared monthly PP 187 is a possibility in 1-2 weeks time.
Re: Forex Trading - Season 14 by 12ema: 6:34pm On Nov 01, 2014
Hello traders. There are some wonderful opportunities on some pairs with very low risk but high reward potential in the offing. GBPAUD has already confirmed it's heavy bearishness and we are looking at a potential of between 5 and 800 pips or even more. I suggest at open of business tomorrow sell for an initial take profit of 17724 then trail your profits for a second take profit of 17299. The next pair is the CADCHF. This pair has not fully confirmed it's bearish position but it is very close to 8540 which is a major resistance level, with it's first lower high/fakey trendline forming on the daily. (Hopefully it holds). If a position is opened at the beginning of trading tomorrow we will be only risking 40 pips for a potential profit of 500 or even more (8076). Trade smart.
Re: Forex Trading - Season 14 by deflover(m): 9:27pm On Nov 01, 2014
12ema:
Hello traders. There are some wonderful opportunities on some pairs with very low risk but high reward potential in the offing. GBPAUD has already confirmed it's heavy bearishness and we are looking at a potential of between 5 and 800 pips or even more. I suggest at open of business tomorrow sell for an initial take profit of 17724 then trail your profits for a second take profit of 17299. The next pair is the CADCHF. This pair has not fully confirmed it's bearish position but it is very close to 8540 which is a major resistance level, with it's first lower high/fakey trendline forming on the daily. (Hopefully it holds). If a position is opened at the beginning of trading tomorrow we will be only risking 40 pips for a potential profit of 500 or even more (8076). Trade smart.

i took a look at the mentioned pairs you talked about and can only confirm that CADCHF is bearish as it couldnt break its monthly resistance of last month of 0.8566 and so i expect a dive from market open while the GBPAUD is very bullish since the monthly support of 1.8114 held the bear in check.....so i would rather buy GBPAUD and sell CADCHF on market open and expect a hail mary pass on both of these pairs wink wink wink wink wink wink

my 2cents

2 Likes

Re: Forex Trading - Season 14 by Nobody: 10:16pm On Nov 01, 2014
Am considering EURUSD 1DAILY level. As a matter of fact, in 1h analysis, this level will be a place of reversal according to ZIGZAG and PRICE ACTION. But am a little bit skeptical because of the dichotomy between QUANTITATIVE EASING from USA and Japan as well as interest rate from Euro Zone.This is MACRO-ECONOMIC or fundamental analysis if you like.
Consequently, there is need to marry both fundamental and technical analysis.
This is one of those times when forex becomes a difficult market.
In any case, i will plan my trade and trade my plan.

ANALYSIS STILL IN PROGRESS.

1 Like

Re: Forex Trading - Season 14 by deflover(m): 10:25pm On Nov 01, 2014
iheanyiebeneze:
Am considering EURUSD 1DAILY level. As a matter of fact, in 1h analysis, this level will be a place of reversal according to ZIGZAG and PRICE ACTION. But am a little bit skeptical because of the dichotomy between QUANTITATIVE EASING from USA and Japan as well as interest rate from Euro Zone.This is MACRO-ECONOMIC or fundamental analysis if you like.
Consequently, there is need to marry both fundamental and technical analysis.
This is one of those times when forex becomes a difficult market.
In any case, i will plan my trade and trade my plan.
ANALYSIS STILL IN PROGRESS.


look above you i put up a chart for EURUSD .....its solid for bullish
Re: Forex Trading - Season 14 by 12ema: 4:09am On Nov 02, 2014
deflover:


i took a look at the mentioned pairs you talked about and can only confirm that CADCHF is bearish as it couldnt break its monthly resistance of last month of 0.8566 and so i expect a dive from market open while the GBPAUD is very bullish since the monthly support of 1.8114 held the bear in check.....so i would rather buy GBPAUD and sell CADCHF on market open and expect a hail mary pass on both of these pairs wink wink wink wink wink wink

my 2cents

Thanks for your response bro. But, me thinks analysis on the monthly is very dangerous considering it's time frame. Also, based on price correlation alone, you can see that the aud pairs are very bullish. you may be right though and one cannot rule out anything.
Re: Forex Trading - Season 14 by Kirinwa: 6:37am On Nov 02, 2014
Kirinwa:


The pair to watch is GJ as it did over 400 pips on friday. Its expected to shed atleast 150 pips on monday.
Its important to note its heavily bullish and having cleared monthly PP 187 is a possibility in 1-2 weeks time.

183.00 must be broken for 187.00 to be a reality.
Re: Forex Trading - Season 14 by Kirinwa: 6:52am On Nov 02, 2014
GJ buystop @ 181.00
Sellstop @ 180.00
Target. 187.00

RR=1:6

This is the sort of setup I like.

1 Like

Re: Forex Trading - Season 14 by docus: 7:02am On Nov 02, 2014
deflover:
Euro/Usd is set for another bullish swing but the bears look as if they wont let her be....but with the double bottom of last 2014/10/03......THE CANDLE CLOSE FOR THOSE WEEKS WERE 1.2515 AND ABOVE...NOW WE HAVE COME TO RETEST IT AGAIN THIS WEEK AND AGAIN WE CLOSED ABOVE 1.2515 SO WE HAVE TWO CANDLE CLOSE ABOVE 1.2515 GIVING US THE NOTION THAT A REVERSAL IS HERE that can take us back to 1.3900 and more

i have a feeling that price will break that level. but price will tell
Re: Forex Trading - Season 14 by rmb5491: 7:07am On Nov 02, 2014
http://scalpthemoneynow.simplesite.com/412460830


binary option, and fix odd trading
Re: Forex Trading - Season 14 by latestsunny(m): 3:04pm On Nov 02, 2014
Kirinwa:
GJ buystop @ 181.00
Sellstop @ 180.00
Target. 187.00

RR=1:6

This is the sort of setup I like.


Why do you like picking tops and bottoms?
Re: Forex Trading - Season 14 by Sunnycliff(m): 7:31pm On Nov 02, 2014
Entering The new month with a bias for bullish trade in Dow, S&P and FTSE!
Re: Forex Trading - Season 14 by Nobody: 9:26pm On Nov 02, 2014
whatever script GA decide to play.. am behind it.. but i see more of a buttom..

Re: Forex Trading - Season 14 by Nobody: 10:52pm On Nov 02, 2014
Sunnycliff:
Entering The new month with a bias for bullish trade in Dow, S&P and FTSE!

+ 1 You shoud heck out the Dow and Nikkei.................those two are going to be my babies till year end wink
Re: Forex Trading - Season 14 by deflover(m): 11:25pm On Nov 02, 2014
i just bought eu @ 1.2506 tp open sl 1.2480 wink wink wink wink

remember i said eu is at a reversal ........................my chart above says it all grin grin grin grin

Re: Forex Trading - Season 14 by 12ema: 12:29am On Nov 03, 2014
All indicators point to a 60 pip drop for GBPCAD from 18014 to 18049. Trade smart.
Re: Forex Trading - Season 14 by saintfaculty(m): 12:38am On Nov 03, 2014
Mmmh... Gold cool

SILVERBOY!!!

1 Like

Re: Forex Trading - Season 14 by deflover(m): 2:16am On Nov 03, 2014
12ema:
Hello traders. There are some wonderful opportunities on some pairs with very low risk but high reward potential in the offing. GBPAUD has already confirmed it's heavy bearishness and we are looking at a potential of between 5 and 800 pips or even more. I suggest at open of business tomorrow sell for an initial take profit of 17724 then trail your profits for a second take profit of 17299. The next pair is the CADCHF. This pair has not fully confirmed it's bearish position but it is very close to 8540 which is a major resistance level, with it's first lower high/fakey trendline forming on the daily. (Hopefully it holds). If a position is opened at the beginning of trading tomorrow we will be only risking 40 pips for a potential profit of 500 or even more (8076). Trade smart.

i dont usually trade this pair...but its my 1st time becos i couldnt resist the nice bullish set up grin grin grin grin i took two buys @ 1.8273 and 1.8265

Re: Forex Trading - Season 14 by Zachxolan(m): 2:58am On Nov 03, 2014
deflover:
i just bought eu @ 1.2506 tp open sl 1.2480 wink wink wink wink

remember i said eu is at a reversal ........................my chart above says it all grin grin grin grin
Sorry bro, seems your stop got taken out
Re: Forex Trading - Season 14 by deflover(m): 3:28am On Nov 03, 2014
Zachxolan:

Sorry bro, seems your stop got taken out

yeah i was......but i am riding that bullish break out on GBPAUD..........i see fun in it grin grin grin grin
Re: Forex Trading - Season 14 by harizonal123(m): 6:39am On Nov 03, 2014
Kirinwa:


The pair to watch is GJ as it did over 400 pips on friday. Its expected to shed atleast 150 pips on monday.
Its important to note its heavily bullish and having cleared monthly PP 187 is a possibility in 1-2 weeks time.
Kirinwa:
GJ buystop @ 181.00
Sellstop @ 180.00
Target. 187.00
RR=1:6
This is the sort of setup I like.

Team Gj: certainly going to be bullish today but don't know how far it would go. I just got in now with a SL of 70pips
Re: Forex Trading - Season 14 by raycolz84: 7:03am On Nov 03, 2014
Another week another dollar chase;
May the greens be with us
Re: Forex Trading - Season 14 by 12ema: 7:20am On Nov 03, 2014
My trades. My bias still holds strong to the downside.

Re: Forex Trading - Season 14 by surveycash(m): 7:23am On Nov 03, 2014


How I wish it continues this way. See analysis and market commentary from all angles smiley.

From my end, I expect a reversal from all USD pairs this week till Friday when the nfp is released which will favour the dominant trend. In simple terms, am bullish biased on EU, GU, NU, AU, GOLD

Happy pipful week.

2 Likes

Re: Forex Trading - Season 14 by Jcob(m): 7:26am On Nov 03, 2014
Bought gold with 100 sl
Re: Forex Trading - Season 14 by Nobody: 7:39am On Nov 03, 2014
BUY EURUSD now at 1.2487 with a 70pips take profit. RRR is 1;1

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