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Re: Forex Trade Alerts by jamace(m): 8:03am On Sep 02, 2010 |
@JAZES, He might not be wrong. It depends on the Time Frame from which he is carrying out his analysis. Also, different brokers platform has different prices for the same currency pair at the same real time. And like you said, he wants you to be patient untill the condition is met . Bros, man must have patience in this forex biz or else forex will rush you out. 1 Like |
Re: Forex Trade Alerts by Kashif(m): 8:23am On Sep 02, 2010 |
I agree with jamace, though I like to be able to interpret a clear direction (possibly) of a trend before trading. I am not able to do that with EU so, it is a 'no trade' for now. I would be more comfortable to trade GU. GBP is not loved currently. The difference between brokers' prices are minimal, or so I think. @afroil, what will you say about me who trade without any single indicator? |
Re: Forex Trade Alerts by JAZES(m): 9:20am On Sep 02, 2010 |
afroil: @Afroil, First off, i have learnt never to say that the strategy of any trader is bad or to say why does a trader make a particular decision. Man after more than 3yrs in this business i have seen enough to know that we see differently, i have seen a guy that trades on the 5mins chart and makes more than 50% of his capital every month. Just yesterday, kashif spotted a move on GU and he calls for a sell at that resistance. I immediately posted after him saying that move may be wrong, Guess what?, Price has not broken that resistance yet, in fact GU has done over 100pips in the direction he said the market would move. Anyone that took that position will still be smiling by now. 2ndly, if you are very observant you will notice that i don't use indicator and i don't intend to start using them now. I prefer using price action and major support & resistance because i prefer using them to indicators not because indicators are bad and that doesn't make anyone using them wrong as long as they understand how to use them and they are profitable. Lastly, EU has a daily average of 100-150 pips and between the time you said you made profit, it has only done about 20pips. I believe we still have the whole day to know if market will move in a particular direction or not. As at the time am replying this message, GU has just hit my first TP and on its way to hit the 2nd tp. Thanks for your observation and i need to re-emphasize this, i don't need any of your indicators and i don't need to learn them. |
Re: Forex Trade Alerts by jamace(m): 9:42am On Sep 02, 2010 |
I agree with jamace, though I like to be able to interpret a clear direction (possibly) of a trend before trading. I am not able to do that with EU so, it is a 'no trade' for now. I would be more comfortable to trade GU. GBP is not loved currently. You are a magician! |
Re: Forex Trade Alerts by Kashif(m): 9:52am On Sep 02, 2010 |
jamace: LOL! But really, I wonder why all those people who claim to see the future not harvesting millions from the fx market |
Re: Forex Trade Alerts by honeric01(m): 10:39am On Sep 02, 2010 |
Kashif: When you see some people talking about indicators, you'd think their account is in billions. |
Re: Forex Trade Alerts by Kashif(m): 2:02pm On Sep 02, 2010 |
Check out the daily candle on AUDUSD for yesterday - mine is long and wickless |
Re: Forex Trade Alerts by honeric01(m): 2:24pm On Sep 02, 2010 |
Did anyone see the spike? |
Re: Forex Trade Alerts by Kashif(m): 5:09pm On Sep 02, 2010 |
UJ looking good for a buy entry. |
Re: Forex Trade Alerts by paulo1234: 5:28pm On Sep 02, 2010 |
This happen to be my first post. Please I see that the retracement of Ero/USD might have ended. I am taking a buy postion. The market is finding it difficult to break lower at a fib retracement. Hope you see same. |
Re: Forex Trade Alerts by JAZES(m): 6:57am On Sep 03, 2010 |
Hello, i have decided to stand on the sideline and watch what the market will do because of the NFP. I sometimes love to just watch the market cos it allows me to take time out and also allows me to reflect. I am wishing everyone a lovely weekend. |
Re: Forex Trade Alerts by Kashif(m): 8:36am On Sep 03, 2010 |
JAZES: In line with my thoughts too. Have scanned the charts this morning and saw that a couple of entries have been missed. Today looks like one of those days - sidon look. Opportunities might still spring up anyways. Where is martog? |
Re: Forex Trade Alerts by paulo1234: 10:47am On Sep 03, 2010 |
Good morning, I read something about the foundation of a good trader from W D Gann. I will briefly mention the five as stated: 1. Knowledlege 2. Nerve 3. Good Health 4. Solid trading rules 5. Capital hope you can evaluate where you stand. |
Re: Forex Trade Alerts by Kashif(m): 2:24pm On Sep 03, 2010 |
paulo1234: It depends on what you trade bro. |
Re: Forex Trade Alerts by paulo1234: 2:54pm On Sep 03, 2010 |
Well, That is nice, whatever you trade. Trading is still trading. by now EuroUSD trade of yesterday is in 50pips + despite good non farm payroll for USD. Best trading |
Re: Forex Trade Alerts by stagger: 3:23pm On Sep 03, 2010 |
stagger: This will play out today on the USDJPY upside starting from 84.15 to 84.30 range, good for 150 pips. |
Re: Forex Trade Alerts by Kashif(m): 6:01pm On Sep 03, 2010 |
Watching USDCAD, trying to find a buy entry, |
Re: Forex Trade Alerts by martog: 6:16pm On Sep 04, 2010 |
Kashif: Thanks bro for looking out for me. I went on awol, lol. I can see that all is bubbling right here on this thread. Am glad to see that we have quite a few traders who can hold their own. Kudos to everyone. |
Re: Forex Trade Alerts by stagger: 10:59pm On Sep 05, 2010 |
stagger: anyone watching the Yen crosses? If anyone had followed this post, they should be cruising now. |
Re: Forex Trade Alerts by martog: 8:10am On Sep 06, 2010 |
Hi Folks, I hope we had a great weekend and ready to roll this week. Happy pipful week to everyone. |
Re: Forex Trade Alerts by paulo1234: 8:39am On Sep 06, 2010 |
Happy new week, Hope you are happy as I am? I will be grateful if we can analysis what is going on on EuroGbp. I see a good trend developing favouring buying. Please do you same. Best Trading. |
Re: Forex Trade Alerts by Kashif(m): 9:17am On Sep 06, 2010 |
paulo1234: Personally, I favour a sell on this one. My reason being that it has approached the .8360 resistance. Second, the H1 chart shows what I see as an evident upward move slowdown. If you must go long, wait for this resistance to be broken. Just my 50kobo. |
Re: Forex Trade Alerts by Kashif(m): 9:19am On Sep 06, 2010 |
The NFP effect seems to have worn away, and the market is getting back to its former sentiment. JPY could regain strength. |
Re: Forex Trade Alerts by paulo1234: 10:45am On Sep 06, 2010 |
Kashif: Kashif, Thanks I will wait for a retest of the resistance. If things work the trade may be for tommorrow. Currently things are holding up for Euro/Gbp. There is a reversal signal fully to be developed on monthly chart. Thanks |
Re: Forex Trade Alerts by honeric01(m): 12:24pm On Sep 06, 2010 |
Is anyone watching UJ, is it trying to break downward or what? it's been dragging between 83.80 and 84.80, does anyone have a case study on UJ? |
Re: Forex Trade Alerts by martog: 12:47pm On Sep 06, 2010 |
honeric01:This pair is at a major support level, and this dates back to May, 1995. On the weekly chart, we have 2 back-to-back reversal candles, and on the daily chart, we have had multiple reversal candles. My take on this is that I remain flat, till I see momentum on the long side. My 50kobo ,according to Kashif |
Re: Forex Trade Alerts by paulo1234: 1:07pm On Sep 06, 2010 |
martog: |
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