Hello folks .....it's another great month and making money is still vital.

I am a forex trader with 4yrs experience in currency exchange rates. my strategies are price action, fundamental and technical analysis.

I currently manage my portfolios with Alpari UK,FXTM nig. and FXPRO UK.

Trading the forex market is a very daisy business that require being very principled and sticking to whatever rules and principle you adopt for yourself.

My aim of opening this thread is to share my daily FX market forecast with other FX traders .

I have a win ratio of 72% based on my last 38 months trading records .

THE RULE; 1. NEVER RISK MORE THAN 10% OF YOUR CURRENT ACCOUNT BALANCE.
2. YOUR WIN RATIO SHOULD BE 3:1
e.g, stop loss=20pips take profit=60pips

Also remember that you can always lock your profit, while maintaining your target.



cheers!!!!
see you guys soon with today's Fx signals

how did your broker fare with SNB madness

aguiyi:
how did your broker fare with SNB madness

menn, that was real madness! 1500pips rocket fall.....

as usual Alpari,FXTM seized my platform , though I had no open position on any CHF pair. but I couldn't place a trade when I had about the news and the intense reaction it caused. Though fxpro allowed me to place a an order but at a whooping 40pips and it wasn't funny at all....

aguiyi:
how did your broker fare with SNB madness

menn, that was real madness! 1500pips rocket fall.....

as usual Alpari,FXTM seized my platform , though I had no open position on any CHF pair. but I couldn't place a trade when I had about the news and the intense reaction it caused. Though fxpro allowed me to place a an order but at a whooping 40pips and it wasn't funny at all....

I lost in that trade as the volatility was so much that 100pips was like 10pips.my stop was hit.

Betboss:



menn, that was real madness! 1500pips rocket fall.....

as usual Alpari,FXTM seized my platform , though I had no open position on any CHF pair. but I couldn't place a trade when I had about the news and the intense reaction it caused. Though fxpro allowed me to place a an order but at a whooping 40pips and it wasn't funny at all....

omo see robbing

Betboss:



menn, that was real madness! 1500pips rocket fall.....

as usual Alpari,FXTM seized my platform , though I had no open position on any CHF pair. but I couldn't place a trade when I had about the news and the intense reaction it caused. Though fxpro allowed me to place a an order but at a whooping 40pips and it wasn't funny at all....

I lost in that trade as the volatility was so much that 100pips was like 10pips.my stop was hit.

lets talk about trading and price action.

do you use any conventional indicators like trend lines, fibos or just plain charts

I price action I don't use any indicator, what I do is simply read traders mood in the last 15 and 30 mins to predict where the majority will be in the next 1-4 hours

aguiyi:


omo see robbing

that was really ridiculous!!!

Well today is another big day. the world is looking up to ECB to deliver the much anticipated QE...

which for me have much been priced in.

Betboss:


that was really ridiculous!!!

Well today is another big day. the world is looking up to ECB to deliver the much anticipated QE...

which for me have much been priced in.

i have learnt to avoid trying to interprete the news cos i always get it wrong.

once i place my trades based on my market analysis, i just let it run. i use pending orders instead of stop loss, it gives me the opportunity to benefit from both ways movement

Betboss:
I price action I don't use any indicator, what I do is simply read traders mood in the last 15 and 30 mins to predict where the majority will be in the next 1-4 hours

72% is pretty inviting for me

aguiyi:


i have learnt to avoid trying to interprete the news cos i always get it wrong.

once i place my trades based on my market analysis, i just let it run. i use pending orders instead of stop loss, it gives me the opportunity to benefit from both ways movement

this is good for scrapping, but it can glue you to your computer and a lot of emotions is also involved involved

aguiyi:


i have learnt to avoid trying to interprete the news cos i always get it wrong.

once i place my trades based on my market analysis, i just let it run. i use pending orders instead of stop loss, it gives me the opportunity to benefit from both ways movement

I will advice traders to stay out of the EUR, GPB and chf pairs until atleast 3pm today to fully understand market position and analyse Mr. Draghi 's speech

Betboss:



this is good for scrapping, but it can glue you to your computer and a lot of emotions is also involved involved

am open to new ideas if you dont mind

Betboss:



I will advice traders to stay out of the EUR, GPB and chf pairs until atleast 3pm today to fully understand market position and analyse Mr. Draghi 's speech

nice one. am bearish biased on EJ

aguiyi:


am open to new ideas if you dont mind

As a forex trader, education in the market never stops. it's a continuous process

Betboss:



As a forex trader, education in the market never stops. it's a continuous process

so true.

have you seen this thread?

https://www.nairaland.com/2070588/forex-trade-alerts-season-15/23

aguiyi:


nice one. am bearish biased on EJ

this is great, but make sure you don't have any open position on this pair. the price slash and volatility of this pair can be risky

aguiyi:


so true.

have you seen this thread?

https://www.nairaland.com/2070588/forex-trade-alerts-season-15/23

very nice thread... never saw it until now....

it's very good for traders to share views....

Betboss:



very nice thread... never saw it until now....

it's very good for traders to share views....

this one might be closed anytime soon, moderators have decided to live a thread for fx due to many story of scam and all that.

Betboss:


this is great, but make sure you don't have any open position on this pair. the price slash and volatility of this pair can be risky

136.08 is likely b4 and further rise from here

tp reached

aguiyi:


this one might be closed anytime soon, moderators have decided to live a thread for fx due to many story of scam and all that.

that will not be a problem.... I have already bookmarked the other page.

As long as Forex is concerned people will continue to loss money and people will also make money.

for instance I lost about $8000 in 2011 as a whole majorly because of my lack of experience, patience and believe then that Forex was a get rich quick business.

but in 2012 December alone I made $7000 jpy during the start of Japan additional QE.

Forex is a very good business!

aguiyi:


136.08 is likely b4 and further rise from here

price is currently 136.600

minimum bid has been released and a price slash occurred...

my preference , stay away till after Draghi speech

Dear clients,



As reported earlier, the company has to increase twofold margin requirements for EUR instruments ahead of the ECB’s meeting, starting from today, 14:30 GMT+2. Once the market situation stabilizes, margin requirements will become standard. Please consider this information.



Best regards,

LiteForex

I remain bearish on euro pairs for now

aguiyi:
I remain bearish on euro pairs for now

finally ECB embarks on QE....

my preference. Eur/USD under pressure ...remain cautious ....

my preference for today 23-01-2015

sell EUR/USD @ 1.13650
stop loss@ 1.13900

take profit @ 1.12950

nice

Betboss:
my preference for today 23-01-2015

sell EUR/USD @ 1.13650
stop loss@ 1.13900

take profit @ 1.12950

EUR/USD have just broken yesterday low @1.13200. ...
which is a clear signal to sell the pair targeting 1.12200. with a stop loss@ 1.13050

Betboss:
my preference for today 23-01-2015

sell EUR/USD @ 1.13650
stop loss@ 1.13900

take profit @ 1.12950

70 pips made on EUR/USD

1.13100-1.12400

wishing you guys a wonderful weekend.

Betboss:



70 pips made on EUR/USD

1.13100-1.12400

wishing you guys a wonderful weekend.

nice one.

i trade only EJ most times, i got a total of 669pips from 3 lots today.

Newbies pls