It appears the EU retracement has begun, even though it seems to be threatening trendline.

nwcfinance:

Nigerians learn how to talk. . . Byee

this nigerian learn how to not steal.

^^ I don't think it's so cool to call him a thief, as you ain't got all evidences,

BTW our sell call on GU just hit our TP of 45 pips. The market is quite quiet for the mo'. There are no good positions for the moment. Watching Usa-Cad for a 25 pips buy opportunity, anyway, Watch my posts for more,

blackgucci:

this nigerian learn how to not steal.

What did I steal from you? Do I know you? I wish we are in the U.K or U.S.A you would have pay for that . . . I do not have time for FURSTRATED people in Nairaland like you and your kind.

nwcfinance:

What did I steal from you? Do I know you? I wish we are in the U.K or U.S.A you would have pay for that . . . I do not have time for FURSTRATED people in Nairaland like you and your kind.

why dont u use your 4.5milli secs news trading system to grow a fat account, so you can buy us both visas and have me pay for my crimes.
ASSWIPE!

^^^^

Please lets be civil, you have the right to ignore him, please don't derail the thread.

Eur-Usd seems to be bouncing up from it's immediate fall. I think there is a trade opportunity (buy) of some sorts here: due to the price rejection on the four hours chart.

Buy EU @ 1.3933 with TP1 @ 1.3968 (35 pips) and TP2 at 1.3983 (50 pips). SL is at 1.3883. Goodluck dudes,

@ Honeric, got your PM . ,  ,  . hmnn thanks for the compliment. My email is on my profile, just send me an email whenever u can 

@ Kashif, liver can do wonders for you o. I use a very simple trading system, low risk exposure for maximum profits.

AU seems to be bouncing off triangle support(4hr)(d1), thinking of going in for 50 pips, any ideas?

Look to buy Gpd-Chf at the current market price (1.5135) and exit at the 1.5173 level. This is due to the breakout and retest of a trendline resistance area on the 4hours chart.
BTW, cancel the buy pending order on EU from yesterday. Happy trading.

Blog icon:

Look to buy Gpd-Chf at the current market price  (1.5135) and exit at the 1.5173 level. This is due to the breakout and retest of a trendline resistance area on the 4hours chart.
BTW, cancel the buy pending order on EU from yesterday. Happy trading.

I dont think EU's tyres for the upward move have been deflated yet. I have been wrong many times before.

@naijababe, the simpler the better!

Stop loss hit like crazy, Would still be watching the pair though.

Kashif:

I dont think EU's tyres for the upward move have been deflated yet. I have been wrong many times before.

@naijababe, the simpler the better!

You're right. But I advised the previous buy stop entry level be cancelled cos the market went quite far away from it. I'd be looking for a more appropriate buy entry level based on what my charts would tell me.

Watch out for a good northward movement on GU. It's hit a somewhat strong trendline support on the 4 hours chart and is in the process of forming the second shoulder of a head and shoulder chart pattern. The potential here is about 80 pips (i.e to the 1.6257 region). I don't have exact entry levels now, but be on the watch out and be ready to buy. Refer to the attached chart below for clearer understanding, goodluck!

Entry for GU:

Enter @ 161.97
TP @ 1.6253
SL @ 1.6117

It's a 55 pips trade. Goodluck!

usd/cad daily charts

100+ pips one week 2days position, medium term traders, is exit at this point ok?

Whao! Trade calls floating everywhere, I'm really missing a lot.

Sell GBPNZD @ 2.1977 TP 2.1749 SL 2.2079 Reasons: (1) Price hit upper extreme of supply channel on 4hr tf (2) Climax volume (3) Probable point C of a bullish gartley on 4hr tf (4) Lots of 'hairy' candles on 1hr tf noticed around the channel extreme (signals weakness in buying pressure). Happy trading! Meshach.

What correlation does the chinese economy have with that of Euro?

meshpips:

Sell GBPNZD @ 2.1977 TP 2.1749 SL 2.2079 Reasons: (1) Price hit upper extreme of supply channel on 4hr tf (2) Climax volume (3) Probable point C of a bullish gartley on 4hr tf (4) Lots of 'hairy' candles on 1hr tf noticed around the channel extreme (signals weakness in buying pressure). Happy trading! Meshach.

Careful with this trade please.
Infact exit the short!
Let's learn to be risk averse.
Meshach

Sticking to trade plans is not always easy

meshpips:

Careful with this trade please.
Infact exit the short!
Let's learn to be risk averse.
Meshach

Sell GBPNZD same levels as quoted above.

Kashif:

Sticking to trade plans is not always easy

Very true bro but in my many years of trading I've learnt NEVER to allow a winner become a looser.
Meshach.

Buy GBPCHF @ 1.5020 TP 1.5150 SL 55pips
Reason:
(1) Climax selling
(2) 3rd touch of up trendline
Happy trading!
Meshach

Let's take some nice little retracement trades here. Most pairs have done their average daily range so retracement trades are quite safe as lots of traders would be closing their trades for the day(UK traders especially). Original ideas about market cycles was obtained from Henry Liu.
Buy
AUDUSD @ 1.0015 TP 1.0074
GBPUSD @ 1.6065 TP 1.6194
Happy trading!
Meshach.

^^^

You are also an Henry Liu admirer?

lesson for the week: "pay attention to candles" especially on the 4hr chart.