Update!!!
If this one hour candle closes with MFI(brown), exit this trade

iheanyiebeneze:
GU sell entered now at 1.5700 for a 30pips take profit.rrr=1;1

Shevychen2:


It hasn't even shown the trigger for a sell for me.. Still watching.

My watch zone is kind of large, so been xtra cautious. would have preferred the first time up so I could place my stop at todays high on the retrace. initiated new positions on other pairs already so even if it sets up nicely, I most likely will pass or go in very light as I did with EURCAD. I ll rather just nuture my other new positions

jorel1 , how often does this kind of move happens or how do I know the next one

sexaddict08:
jorel1 , how often does this kind of move happens or how do I know the next one

you can see it happening on ur chart or currency strength meter.

wow, y the market explosion?

is this news or what, got very lucky here. 600pts in 5 mins? No be expertise ooo, this is the hand of God. I m off, I leave the rest for profesionals.

This is for scalpers.please
Technically speaking, 1Hour time frame,,RSI=14(86.23) EU is overbought now at 1.1666 , sell for a 30pips take profit.

docus:
wow, y the market explosion?

Chinese market wahala spreading across the world.. Even apple stocks, dow etc receiveing heavy pounding.


This is another lesson for anyone that doesn't trade with stop loss or uses obscene lot sizes. Also calling tops and bottoms requires exquisite skills to know when a pair is still going strong in a direction. GA just shot up over 500 pips in a few seconds. EA over 600. EN 1000+ Imagine holding it and waiting for it to come down..

Annoyingly my EJ trade had just a 130 pips TP or I will be smiling now..

Capitals:
is this news or what, got very lucky here. 600pts in 5 mins? No be expertise ooo, this is the hand of God. I m off, I leave the rest for profesionals.

Wow! Did you have a pending order? Congrats jare..

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sell GU at 1.58000 for a 50pips first take profit and 100pips second take profit.rrr=1;1
bring stop loss to BE as soon as first take profit is hit.

Shevychen2:


Wow! Did you have a pending order? Congrats jare..

Congrats oh... Me too had a Eur/Nzd buy which was in Red since last week.... Suddenly CONJURED UP PROFIT... I take am clean mouth... Run for the rest of today!

Bring stop loss to BE
Alternatively, take 20pips now @ 1.1640

iheanyiebeneze:
This is for scalpers.please
Technically speaking, 1Hour time frame,,RSI=14(86.23) EU is overbought now at 1.1666 , sell for a 30pips take profit.

First take profit hit @1.1630.

iheanyiebeneze:
This is for scalpers.please
Technically speaking, 1Hour time frame,,RSI=14(86.23) EU is overbought now at 1.1666 , sell for a 30pips take profit.

Shevychen2:


Wow! Did you have a pending order? Congrats jare..

Honestly bro, I have only God to thank for that, it was market order, happened way too fast, for me act out my plan. NZDcad however went as planned, had 600pts tp hit. I had posted the entry earlier.

EURCAD lost, good thn it was light, USDCHF in red.

#GBPNZD , 2 months range 1838 pips in less than 12 hrs. Buy the retrace

1hour PinBar close of GU is an indication of reversal for at least 30pips. But to get maximum pips allow the current candle to carry Zigzag, you can start selling at that level. (1.5800) again and again.

Ok, i think the party is over, will take few days for market or technicals to recover from the shake down. But a good time for reversal traders. Tops and bottoms

@Capitals. Congrats sir! But they are actually called pips not points or pts.

Thats why Forex trading is an interesting market. Anything that goes UP MUST COME DOWN.

jorel1:
Ok, i think the party is over, will take few days for market or technicals to recover from the shake down. But a good time for reversal traders. Tops and bottoms

iheanyiebeneze:
Thats why Forex trading is an interesting market. Anything that goes UP MUST COME DOWN.

becareful because market will make a revisit to those tops b4 finally going its preferred direction.

Lemme share a lil secret
Anytime there is a spike

Enter the opposite trade and quickly take profit
Manually

GN has blown my heart off. What a Hell is this trade?

raycolz84:
Lemme share a lil secret
Anytime there is a spike

Enter the opposite trade and quickly take profit
Manually

Bros, u'd not know its a spike till its ova.
Coz wen u enter as u've suggested, u might jst hav met it halfway b4 d spike opposite.

datjohn:


Bros, u'd not know its a spike till its ova.
Coz wen u enter as u've suggested, u might jst hav met it halfway b4 d spike opposite.

From the daily candle you should know when it has started retracing

Na dis kian period I dey miss naija babe

Karlebolu:
@Capitals. Congrats sir! But they are actually called pips not points or pts.

They Are Actually Called Points Or Pippetes On A 5-digits Broker. Pips=points/10. Kangani

Kai, If U R Caught On The Wrong Side Of The Market Today Without Stoploss, Well, We All Know What Happens To Those Who Stays In The Middle Of The Road..

Edd1e:

They Are Actually Called Points Or Pippetes On A 5-digits Broker. Pips=points/10. Kangani

why do u guys find the need to place too much importance on pips or points, are u preparing for some forex exam??
if one feels comfortable with the word pip or point, its his choice , moreover sound knowledge of forex vocabulary doesn't in any way affect trading account

jorel1:

why do u guys find the need to place too much importance on pips or points, are u preparing for some forex exam??
if one feels comfortable with the word pip or point, its his choice , moreover sound knowledge of forex vocabulary doesn't in any way affect trading account

true talk brother. we are all here for money not for theory.

jorel1:

why do u guys find the need to place too much importance on pips or points, are u preparing for some forex exam??
if one feels comfortable with the word pip or point, its his choice , moreover sound knowledge of forex vocabulary doesn't in any way affect trading account

Careful Man, He Was Wrong And I Was Only Tryin To Correct Him, Points/Pips Are Nt Vocabularies And Are Noteworthy To Know In Fx, Afterall, We Are All Here To Learn, And Next Time, Learn To Mind Ur Own Business. Peace

Edd1e:
Kai, If U R Caught On The Wrong Side Of The Market Today Without Stoploss, Well, We All Know What Happens To Those Who Stays In The Middle Of The Road..

Few trades plus small lot size
Even if market moves 700pips against you
You are still good