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Forex Trade Alerts: Season 18 - Business (66) - Nairaland

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Re: Forex Trade Alerts: Season 18 by Nobody: 3:54am On Jul 19, 2018
Guys pls dont mind this chart..
Im trying my hands on price prediction.
Let me see how it goes!
EURCAD 1hr

Re: Forex Trade Alerts: Season 18 by Nobody: 9:46am On Jul 19, 2018
Honestly forex is difficult.
It will test your patience to the last.
Imagine, my EURAUD of over 130pips is reduced to less than 40pips.
Im still holding it. It hasnt gone beyond my plan for it.
However I kinda hedged that position (EURAUD) with AUDNZD sell.
the AUDNZD is returning some pips. I will close or hold it for some time.
Also, I have EURNZD buy which is half way to my TP.


Forex ehhh!! Stretching my patience!!!

1 Like

Re: Forex Trade Alerts: Season 18 by Chudum22: 10:01am On Jul 19, 2018
Wow,.. I’m seeing lots of ‘CJs charts’ everywhere... thats good *thumbs up*

I’m still stuck on trading M15 charts,(intra day- 50pips profits)....and the results are amazing so far... will soon be graduating to trading the 3-5day cycles, because i keep seeing these cycles,...but yet to develop the mental strength to let my profits run above 50pips.

For the newbies,... pls start with a demo, forex isn’t going anywhere, it ll still be here when you develop the necessary strategy.

Forex is a journey and we are all learning. Goodluck all. Cheers.

3 Likes

Re: Forex Trade Alerts: Season 18 by Chudum22: 10:33am On Jul 19, 2018
PIPnator:
Honestly forex is difficult.
It will test your patience to the last.
Imagine, my EURAUD of over 130pips is reduced to less than 40pips.
Im still holding it. It hasnt gone beyond my plan for it.
However I kinda hedged that position (EURAUD) with AUDNZD sell.
the AUDNZD is returning some pips. I will close or hold it for some time.
Also, I have EURNZD buy which is half way to my TP.

Forex ehhh!! Stretching my patience!!!

That EURAUD went on a crazy retracement...

A wise man once said...’he always takes whats given,...and wont give it back’

Again it all depends on ur strategy,... but no way can they take back that much pips from me.... I will take what its given,...then wait and watch. The fox is very cunning.
Re: Forex Trade Alerts: Season 18 by Nobody: 10:56am On Jul 19, 2018
Chudum22:


That EURAUD went on a crazy retracement...

A wise man once said...’he always takes whats given,...and wont give it back’

Again it all depends on ur strategy,... but no way can they take back that much pips from me.... I will take what its given,...then wait and watch. The fox is very cunning.



I get your point bro.
Better to take the much you can than loose all.
But the thing is, im actually learning to holding trade for longer/bigger time/pips.
I have seen one hold a position up to a 1000 pips. I guess he experience same as I just did.
One thing i noticed too is, while the retracement was happening, I remained calm.
Thats unlike before, I would have closed the position with just the remaining pips.
Yesterday, my USDCAD dropped to less than 50pips, now its picking up.
I hope it gets to my TP, bearing in mind the CAD news tomorrow.



***Aside.
~EURNZD closed with 88pip. Original TP 110pip.
~Watching USDCHF based on the charts posted yesterday.
~Still holding EURCHF (trendline not broken yet), AUDNZD, USDCAD.

1 Like

Re: Forex Trade Alerts: Season 18 by Sunnycliff(m): 1:01pm On Jul 19, 2018
FTA

London Stock Exchange FTSE

SELL 7680
Stop Loss 7740
Take Profit 7600

Re: Forex Trade Alerts: Season 18 by Nobody: 2:26pm On Jul 19, 2018
Chudum22:
Wow,.. I’m seeing lots of ‘CJs charts’ everywhere... thats good *thumbs up*

I’m still stuck on trading M15 charts,(intra day- 50pips profits)....and the results are amazing so far... will soon be graduating to trading the 3-5day cycles, because i keep seeing these cycles,...but yet to develop the mental strength to let my profits run above 50pips.

For the newbies,... pls start with a demo, forex isn’t going anywhere, it ll still be here when you develop the necessary strategy.

Forex is a journey and we are all learning. Goodluck all. Cheers.

Nice one. Reading pages here and smiling. Everybody seem to be improving.
There's always room for improvement.


PIPnator:
Honestly forex is difficult.
It will test your patience to the last.
Imagine, my EURAUD of over 130pips is reduced to less than 40pips.
Im still holding it. It hasnt gone beyond my plan for it.
However I kinda hedged that position (EURAUD) with AUDNZD sell.
the AUDNZD is returning some pips. I will close or hold it for some time.
Also, I have EURNZD buy which is half way to my TP.


Forex ehhh!! Stretching my patience!!!

I guess since you're trading on HTF, it's little different compare to intra day. Should you attempt to take profit or some off, I'll suggest use daily ATR, intra day as target.

If you're working on higher time frame, maybe use weekly ATR as target. It should give you some idea, you don't have to make a picture perfect take profit. Don't forget , take what is given. Don't try to squeeze blood from of a stone.


PIPnator:
Guys pls dont mind this chart..
Im trying my hands on price prediction.
Let me see how it goes!
EURCAD 1hr

You're doing a great job here. Keep it coming.

Bolutumiii:

Pls, can you help me with the link to this cj thread/website, i too want to learn.

https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=59&t=1572&start=1560

https://www.thecaptainschest.us/forum/main-forum/general-forex-discussions/15-the-captain-s-chest-naked-trading-and-other-stuff-v2-0


There's a lot of different simpler method to make money. Not necessary trading this 'CJ' method. If you're not advance " have advance knowledge already" or have someone explain a lot of things to you, it will take a very long time to understand even little of it.

1 Like

Re: Forex Trade Alerts: Season 18 by Nobody: 2:30pm On Jul 19, 2018
Chudum22:
Wow,.. I’m seeing lots of ‘CJs charts’ everywhere... thats good *thumbs up*

I’m still stuck on trading M15 charts,(intra day- 50pips profits)....and the results are amazing so far... will soon be graduating to trading the 3-5day cycles, because i keep seeing these cycles,...but yet to develop the mental strength to let my profits run above 50pips.


As long as you're banking your pips and keeping 'em, that's all we strive for.

For illustration purposes only.

Re: Forex Trade Alerts: Season 18 by Nobody: 2:47pm On Jul 19, 2018
I'm not sure if I still dey make sense with my explanation.

Ps: The usually means, i.e 7-9 out of 11 times.
Re: Forex Trade Alerts: Season 18 by Nobody: 3:01pm On Jul 19, 2018
USDCAD closed.
Price is refusing to break the small trendline.
Most of my trades closed with good pips, leaving few run.


**
Mehn I no go lie.
Na now that EURAUD start to dey pain me.
Over 130pips lost. I think i got cocky/over-confident.
And the market just humbled me.
Goodluck to everyone sha. Make me go find cold beer. smiley smiley wink wink

Re: Forex Trade Alerts: Season 18 by Nobody: 3:13pm On Jul 19, 2018
I guess since you're trading on HTF, it's little different compare to intra day. Should you attempt to take profit or some off, I'll suggest use daily ATR, intra day as target.

If you're working on higher time frame, maybe use weekly ATR as target. It should give you some idea, you don't have to make a picture perfect take profit. Don't forget , take what is given. Don't try to squeeze blood from of a stone.


@Tunderr..
Yea, higher timeframe.
watching candles open and close on lower time frames gives me serious headache.
Hence the reason I prefer higher timeframes.
I know about the ATR, will probably looks into it over the weekend.
Thanks.
Re: Forex Trade Alerts: Season 18 by drpips1(m): 3:22pm On Jul 19, 2018
Tunderr:

I'm not sure if I still dey make sense with my explanation.

Ps: The usually means, i.e 7-9 out of 11 times.
It is somehow difficult to perfect price movement due to the noise of fundamentals, that ATR is a very good tool if used properly and / or its brother RSI, when a market have make a move up to the daily range in pips, its best to consider the signals of opposite direction as price might want to balance with some retracement.. And moreso, price can continue trend to trend in its formal direction as there are some who will wish to hold trades for a long time using daily and weekly candles
Re: Forex Trade Alerts: Season 18 by Nobody: 3:25pm On Jul 19, 2018
Ok, one last chart before i leave.
EURCHF, if price can break that small trendline..
Then, Christmas came early.

~Hope we are still watching USDCHF for a buy or sell.
For me, daily close will determine whether I buy or sell.

Re: Forex Trade Alerts: Season 18 by natruetalk: 4:56pm On Jul 19, 2018
16 days counting. my cad.chf trade still intact, knowing good zone to place SL and levels to TP is very important in trading

if the price close below the white levels consecutive for 2 days, then it my time to make money.

patience is the key

1 Like

Re: Forex Trade Alerts: Season 18 by Bolutumiii(m): 6:56pm On Jul 19, 2018
Tunderr:






https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=59&t=1572&start=1560

https://www.thecaptainschest.us/forum/main-forum/general-forex-discussions/15-the-captain-s-chest-naked-trading-and-other-stuff-v2-0


There's a lot of different simpler method to make money. Not necessary trading this 'CJ' method. If you're not advance " have advance knowledge already" or have someone explain a lot of things to you, it will take a very long time to understand even little of it.
Thanks for the response
Re: Forex Trade Alerts: Season 18 by fxdrizzle(m): 7:47pm On Jul 19, 2018
Tunderr:


Nice one. Reading pages here and smiling. Everybody seem to be improving.
There's always room for improvement.




I guess since you're trading on HTF, it's little different compare to intra day. Should you attempt to take profit or some off, I'll suggest use daily ATR, intra day as target.

If you're working on higher time frame, maybe use weekly ATR as target. It should give you some idea, you don't have to make a picture perfect take profit. Don't forget , take what is given. Don't try to squeeze blood from of a stone.




You're doing a great job here. Keep it coming.



https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=59&t=1572&start=1560

https://www.thecaptainschest.us/forum/main-forum/general-forex-discussions/15-the-captain-s-chest-naked-trading-and-other-stuff-v2-0


There's a lot of different simpler method to make money. Not necessary trading this 'CJ' method. If you're not advance " have advance knowledge already" or have someone explain a lot of things to you, it will take a very long time to understand even little of it.
please could you explain or post a link to any of the simpler methods. I'm not very advanced in Forex yet (still demo trading)
Re: Forex Trade Alerts: Season 18 by Achimaechi(m): 11:30pm On Jul 19, 2018
Re: Forex Trade Alerts: Season 18 by Achimaechi(m): 11:44pm On Jul 19, 2018
Re: Forex Trade Alerts: Season 18 by Chudum22: 9:54am On Jul 20, 2018
I was clearing up my photo folder when i stumbled on this screen grab...(which i posted here last month, USDZAR) ie photo 1.

So I quickly rush to check how the pair played out,..(because i exited after netting few pips) with regards to my predictions. Ie photo 2.

And i can’t stop ‘slapping myself’ since morning. embarassed cry

I need more and more patience and a little bit of confidence... anyways, its all good...its a pointer that I’m on the right track.

Re: Forex Trade Alerts: Season 18 by Nobody: 9:59am On Jul 20, 2018
Not a trade idea.
Just me preempting/second-guessing the CAD news later today. Having fun with my charts while watching my open positions.
Moreover, we hardly post here. So im posting to keep this place busy before Seun decides to close our thread.. wink wink

CADCHF
CADJPY
USDCAD

Blue represents News reaction while yellow, what happens afterwards.

***Not a trade idea!!

Re: Forex Trade Alerts: Season 18 by Nobody: 10:28am On Jul 20, 2018
Some consideration for next week.
GBPCHF 1hr



**Correction**
Sorry guys.
This is daily chart (GBPCHF Daily) not 1hr. (GBPCHF Daily)

Re: Forex Trade Alerts: Season 18 by Edox4(m): 4:43pm On Jul 20, 2018
please a candid advise for a newbie and how to get started
Re: Forex Trade Alerts: Season 18 by AmadeusCho: 5:19pm On Jul 20, 2018
Edox4:
please a candid advise for a newbie and how to get started

Honestly first of all bath your self In babypips.com
If you are satisfied you really want to do the business. watch plenty videos on YouTube. If you now agree with the undisputable fact that you can loose all your money(fund)..

Then get a mentor

Well that’s what I did anyways

Right now am battling heavily with fear, doubt and all the physiological wahala that comes with the business. Plus I guess it’s because I left demo trading to early

1 Like

Re: Forex Trade Alerts: Season 18 by Nobody: 6:58pm On Jul 20, 2018
Consideration for next week.
USDCAD 4hrs.

Even with the news, price is failing to breakout from the trendline.
If by next week it fails to breakout, we will continue to buy.
Also, you can spot the inverse head and shoulder pattern on the chart.
Cheers and regards to everyone. Wishing us a beautiful weekend.

1 Like

Re: Forex Trade Alerts: Season 18 by Edox4(m): 7:42pm On Jul 20, 2018
AmadeusCho:


Honestly first of all bath your self In babypips.com
If you are satisfied you really want to do the business. watch plenty videos on YouTube. If you now agree with the undisputable fact that you can loose all your money(fund)..

Then get a mentor

Well that’s what I did anyways

Right now am battling heavily with fear, doubt and all the physiological wahala that comes with the business. Plus I guess it’s because I left demo trading to early

thanks brotherly
Re: Forex Trade Alerts: Season 18 by Nobody: 8:38pm On Jul 20, 2018
AmadeusCho:


Well that’s what I did anyways

Right now am battling heavily with fear, doubt and all the physiological wahala that comes with the business. Plus I guess it’s because I left demo trading to early

Reduce the size of your trades (lot size) and you will see huge weight lifted off your shoulders.
Think capital preservation first.

fxdrizzle:
please could you explain or post a link to any of the simpler methods. I'm not very advanced in Forex yet (still demo trading)

I don't know the kind of skill set you posses right now to determine recommendation.

1 Like

Re: Forex Trade Alerts: Season 18 by Nobody: 8:39pm On Jul 20, 2018
PIPnator:
Consideration for next week.
USDCAD 4hrs.

Even with the news, price is failing to breakout from the trendline.
If by next week it fails to breakout, we will continue to buy.
Also, you can spot the inverse head and shoulder pattern on the chart.
Cheers and regards to everyone. Wishing us a beautiful weekend.

Hope you took some trades on the CAD, as you got it right.
Re: Forex Trade Alerts: Season 18 by drpips1(m): 8:59pm On Jul 20, 2018
Edox4:
please a candid advise for a newbie and how to get started
I can assist on a condition if you are really serious about what you seek
Re: Forex Trade Alerts: Season 18 by orchin(m): 9:17pm On Jul 20, 2018
Hello, am still using a demo account. I do place a trade without SL. I only set TP and wait till the price reach the TP it might take days. Is this possible with real accounts? Bcoz the price goes really down before coming up atyms...and when it does I get big profits.
And I want to know the demerit of this
Re: Forex Trade Alerts: Season 18 by TissuePaper: 9:25pm On Jul 20, 2018
600 dollars made smiley

Re: Forex Trade Alerts: Season 18 by fxdrizzle(m): 9:30pm On Jul 20, 2018
Tunderr:


Reduce the size of your trades (lot size) and you will see huge weight lifted off your shoulders.
Think capital preservation first.



I don't know the kind of skill set you posses right now to determine recommendation.
I know the basics. Candle patterns, mechanical indicators, trends and ranges and so on. My difficulty lies in creating a consistent trading strategy out of all this knowledge.

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