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Forex Trading - Season 15 - Business (51) - Nairaland

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Re: Forex Trading - Season 15 by adeyinkabasir(m): 5:37am On Feb 18, 2015
adeyinkabasir:
GJ sell is more conservative for me tho...... cos 173.xx is calling it oooo
just need to look for the best place to enter for the sell

Just entered GJ sell @182.865 sl@183.12 tp1@180.00 tp2@173.70
reference from my previous chart below

Re: Forex Trading - Season 15 by jamace(m): 5:59am On Feb 18, 2015
Owliver:
Mr Jamace nice job you doing. Kudos to you
Thanks oga mi. May the green pips be with us.
Re: Forex Trading - Season 15 by adeyinkabasir(m): 7:47am On Feb 18, 2015
adeyinkabasir:

Just entered GJ sell @182.865 sl@183.12 tp1@180.00 tp2@173.70
reference from my previous chart below

chai.....see wetin JPY BOJ Press conference cause , stopped me out ooo, i go look for where to re-enter sha......sideline tins

if it breaks 183.37 then ama join the bulls niyen oooo shocked
Re: Forex Trading - Season 15 by jamace(m): 8:29am On Feb 18, 2015
adeyinkabasir:


chai.....see wetin JPY BOJ Press conference cause , stopped me out ooo, i go look for where to re-enter sha......sideline tins

if it breaks 183.37 then ama join the bulls niyen oooo shocked
grin grin Sorry bros. What happened there is pure SL hunting. Don't mind those money bags. They don't want small men like us to survive but I know we will survive. Don't give up.

1 Like

Re: Forex Trading - Season 15 by adeyinkabasir(m): 8:34am On Feb 18, 2015
jamace:
grin grin Sorry bros. What happened there is pure SL hunting. Don't mind those money bags. They don't want small men like us to survive but I know we will survive. Don't give up.

i re-entered again at 183.01 sl@183.25 lets see how it goes now if it takes me out, then na to dey watch from the bench ooooo
Re: Forex Trading - Season 15 by jamace(m): 9:45am On Feb 18, 2015
adeyinkabasir:


i re-entered again at 183.01 sl@183.25 lets see how it goes now if it takes me out, then na to dey watch from the bench ooooo
I think your SL is too small, with a single swing of proboscis grin, the SL will be sucked in.
From my many years of experience, I have learnt to give my trades breathing spaces because with that it will not be easy for the money bags to pick it except I was really on the wrong side. My SL is from 500 upward. In fact, I feel more comfortable when my SL is 1000. To achieve this, I reduce my lot size proportionally to accommodate it.
"If the hunter has learnt how to shoot without missing, I, Aneke the bird has learnt how to fly without perching". grin

5 Likes

Re: Forex Trading - Season 15 by adeyinkabasir(m): 9:46am On Feb 18, 2015
hmmm....Is gold trying to do some reverse ni sad
Re: Forex Trading - Season 15 by adeyinkabasir(m): 9:48am On Feb 18, 2015
jamace:
I think your SL is too small, with a single swing of proboscis grin, the SL will be sucked in.
From my many years of experience, I have learnt to give my trades breathing spaces because with that it will not be easy for the money bags to pick it except I was really on the wrong side. My SL is from 500 upward. In fact, I feel more comfortable when my SL is 1000. To achieve this, I reduce my lot size proportionally to accommodate it.
"If the hunter has learnt how to shoot without missing, I, Aneke the bird has learnt how to fly without perching". grin

hmmmm.......i think u're absolutely right, cos otherwise it's become gambling niyen ooooo
but wait oooo did u just say ur SL is from 500 pips Upward?
Re: Forex Trading - Season 15 by adeyinkabasir(m): 10:01am On Feb 18, 2015
adeyinkabasir:


i re-entered again at 183.01 sl@183.25 lets see how it goes now if it takes me out, then na to dey watch from the bench ooooo

i have to close dis trade because of the GBP news @ 10:30am
Re: Forex Trading - Season 15 by jamace(m): 10:20am On Feb 18, 2015
adeyinkabasir:


hmmmm.......i think u're absolutely right, cos otherwise it's become gambling niyen ooooo
but wait oooo did u just say ur SL is from 500 pips Upward?
Yes, I mean 50 pips to 100 pips (standard pip o). I ensure my lot size tallies with a maximum risk of 5% of my balance per trade. Hmm, I know somebody will shout 5%? Is that not too much? Well, fx trading is business and a serious one for that matter. You have to define your own path to success. Just listen to what I say for comparison sake but do what suites you. All that matters is to achieve success at the end of the day. Cheers.

2 Likes

Re: Forex Trading - Season 15 by jamace(m): 11:27am On Feb 18, 2015
jamace:
GBP/JPY
SELL @ 183.000
TP @ 182.000
SL @183.500

Good Luck
SL hit. Bad guys. cheesy
Re: Forex Trading - Season 15 by Nobody: 11:38am On Feb 18, 2015
jamace:
SL hit. Bad guys. cheesy

There was data released in favour of GBP.

This why tech analysis is not just enough on its own.

Is there anyone that know how to combine fundamental and technical?
Re: Forex Trading - Season 15 by jamace(m): 11:51am On Feb 18, 2015
noblezone:


There was data released in favour of GBP.

This why tech analysis is not just enough on its own.

Is there anyone that know how to combine fundamental and technical?
Yes, it is good to combine tech and fundamental. Sadly, I'm not good at fundamental analysis. I just obey my indicators mechanically like a robot. grin grin But I have observed that I make more profits following my technical analysis.
Re: Forex Trading - Season 15 by Nobody: 11:59am On Feb 18, 2015
Yes am here.
noblezone:


There was data released in favour of GBP.

This why tech analysis is not just enough on its own.

[b]Is there anyone that know how to combine fundamental and technica[/b]l?
Re: Forex Trading - Season 15 by AmeLonRo(m): 12:00pm On Feb 18, 2015
XAU/USD selling like pure water. But for how long
Re: Forex Trading - Season 15 by jamace(m): 12:06pm On Feb 18, 2015
jamace:
USD/JPY
SELL @ 119.230
TP @ 118.230
SL @119.600

Good Luck
Aert Alert Alert (With due respect to Ogboraph grin). I just observed that my indicator is behaving funny like it did during the just concluded news on GBP/JPY. There is similar news on USD by 2:30 pm (Nigerian time). Therefore, I am cancelling the call above and revert to BUY .

USD/JPY
BUY @ 119.269
TP @ 120.300
SL @118.269

Good Luck.
Note: I am trading on H1 TF.
Re: Forex Trading - Season 15 by adeyinkabasir(m): 12:07pm On Feb 18, 2015
AmeLonRo:
XAU/USD selling like pure water. But for how long

As in ehn shocked shocked shocked shocked
Re: Forex Trading - Season 15 by infofirst(m): 12:22pm On Feb 18, 2015
jamace:
Aert Alert Alert (With due respect to Ogboraph grin). I just observed that my indicator is behaving funny like it did during the just concluded news on GBP/JPY. There is similar news on USD by 2:30 pm (Nigerian time). Therefore, I am cancelling the call above and revert to BUY .

USD/JPY
BUY @ 119.269
TP @ 120.300
SL @118.269

Good Luck.
Note: I am trading on H1 TF.

On my end...i miss my uj sell at 119.40 n i v set pending sell @119.60. 119.40/60. is a point of resistance frm my view n i want to bank on it. Will jump out once d resistance gives up.

I hope my gu buy hit tp @15500 n look forward to sell @15530/60 region
Re: Forex Trading - Season 15 by seyejohn94: 1:00pm On Feb 18, 2015
adeyinkabasir:


i think Gold is heading down to 1062.xx from my weekly chart sha oooo
na long term sell bias oooo

1062.xx... Quite ambitious.... Still holding my gold sell with tp @ 1167.4 area... Though we first av to cross d 1200/ mothly r1 zone b4 my tp can become realistic...



An observation.... Hope u knw dat ur red and green indicator with arrows is a repainting bast*rd...
Re: Forex Trading - Season 15 by adeyinkabasir(m): 1:18pm On Feb 18, 2015
seyejohn94:


1062.xx... Quite ambitious.... Still holding my gold sell with tp @ 1167.4 area... Though we first av to cross d 1200/ mothly r1 zone b4 my tp can become realistic...



An observation.... Hope u knw dat ur red and green indicator with arrows is a repainting bast*rd...

Yes now. its semafor......I dont base my decision on it tho
Re: Forex Trading - Season 15 by Nobody: 1:30pm On Feb 18, 2015
SELL USDCHF again now at 0.9400 for a 150pips take profit. stop loss is150pips
Re: Forex Trading - Season 15 by Nobody: 2:58pm On Feb 18, 2015
jamace:
Yes, it is good to combine tech and fundamental. Sadly, I'm not good at fundamental analysis. I just obey my indicators mechanically like a robot. grin grin But I have observed that I make more profits following my technical analysis.

lets form a team then, I guide you in fundametals, you guide me in technicals.

On that GBP today news, I netted more than 80 pips on GJ.
Send me a mail on noble_cconcepts@yahoo.com
Re: Forex Trading - Season 15 by Nobody: 3:41pm On Feb 18, 2015
iheanyiebeneze:
Yes am here.

Please, can we cnnect?
Send me a mail to

noble_concepts@yahoo.com
Re: Forex Trading - Season 15 by Sun001: 4:35pm On Feb 18, 2015
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Re: Forex Trading - Season 15 by Nobody: 5:20pm On Feb 18, 2015
House get ready for some volatility in USD crosses because of the news coming by 8pm Nigerian time.
Re: Forex Trading - Season 15 by Nobody: 7:09pm On Feb 18, 2015
iheanyiebeneze:
SELL USDCHF again now at 0.9400 for a 150pips take profit. stop loss is150pips
As soon as this trade comes to .9390, make sure your exit.

1 Like

Re: Forex Trading - Season 15 by Nobody: 7:18pm On Feb 18, 2015
Simply put, bring your take profit to BREAKEVEN.
iheanyiebeneze:
As soon as this trade comes to .9390, make sure your exit.

1 Like

Re: Forex Trading - Season 15 by adeyinkabasir(m): 7:33pm On Feb 18, 2015
just sold GJ and ECAD

1 Like

Re: Forex Trading - Season 15 by AmeLonRo(m): 7:43pm On Feb 18, 2015
iheanyiebeneze:
As soon as this trade comes to .9390, make sure your exit.

Hope so. grin grin grin grin
Re: Forex Trading - Season 15 by Nobody: 7:50pm On Feb 18, 2015
Lets watchout
AmeLonRo:


Hope so. grin grin grin grin
Re: Forex Trading - Season 15 by frenchman2: 7:58pm On Feb 18, 2015
sold gbpznd 2.0460
already have a position just adding another
i'm not sure this is a text book double top formation.
whatever it is, one time support is now resistance
see chart below for details.
NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES

Re: Forex Trading - Season 15 by LaconicINC: 7:58pm On Feb 18, 2015
frenchman2:
bonjour a tous.
my gold buy taken out this morning at BE.
someone here pointed out it was a pullback, guess the person was spot on.
just went short at 1224.21
It might just be wise to take profit the moment price kisses the weekly trendline.
see chart below for details.
NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING.FOLLOW IT WHEREVER IT GOES.
actually I pointed it out wen u wanted to go long cos d weekly was screaming sell as at that time

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