OMG!!! . Yes na my yam legs be dat o. You are funny man, I think you'll find that the pic was huge, hence why they appear so big. White ke? I take it you have not read me in other threads.

naijababe:

^ Yes I agree, both remain bullish on their weekly charts, just not sure the correction is  complete enough for me to long is all

EU needs to touch 1.458x before we can expect long.
Just my opinion sha.
See chart attached.
Meshach.

NB: That is also he point D of a probable bullish bat on 1hr tf

naijababe:

OMG!!!   . Yes na my yam legs be dat o. You are funny man, I think you'll find that the pic was huge, hence why they appear so big. White ke? I take it you have not read me in other threads.

Hehehehe, Yam leg? u be calabar woman? hehehe, anyways sha no mind me jor, my curiosity made me check your profile because i be wan see the kind female wey dey into forex with this kind passion. (no mind me, na cat eyes dey worry me)

And yes i haven't really read you on other threads before.

LWKMD for yamleg with hair like real yam

meshpips:

EU needs to touch 1.458x before we can expect long.
Just my opinion sha.
See chart attached.
Meshach.

NB: That is also he point D of a probable bullish bat on 1hr tf

Thanks, pending order already waiting before now. even GU i get pending too

Hey guys, from the expressions I can read from majority of the posts here, it seems that the general on-goings here is pipping a handful, then later giving it all back to the market; perhaps with extra, we all have to be careful cos the market is very choppy right now, better still keep off for the rest of the week, me is trading only the dailies now, and everything seems so slow - only one (good, BTW) trade since monday, just my 2 cents, good luck to y'all.

Risk aversion is back and USD is stronger against most counter parts after a downbeat statement from FED chairman Bernanke yesterday. Euro is on the weak side after German data disappointed. Market turns to the Beige book and later in the afternoon to the RBNZ rate decision. Moody's issues cautionary note on UK outlook.

German trade balance in April came out weaker at 12B compared to previous 15.1B which was worse than expected 14B. Industrial production in Europes biggest economy fell in April -0.6% from previous +1.2%. This reading marks the fourth consecutive month of deterioration. EZ Q1 GDP was confirmed at 0.8% and 2.5% y/y.

High volatility was seen across GBP pairs when Moodys senior analyst Sarah Carlson told MNI the UK could lose its prized AAA rating. Moodys spokesman subsequently clarified that UK downgrade is not Moodys central scenario. Recall earlier this week, Chancellor Osborne said he rejected calls for a Plan B to scale back his deficit-reduction plan. Meanwhile. the IMF cautioned over UK growth and employment outlook, but still recommended the BoE should raise rates.


At 2:00 pm the Federal Reserve releases its Beige Book report. Beige Book provides evidence supplied by Federal Reserve banks regarding their district economic conditions and is used in upcoming FOMC rate decision on June 22nd.

EU coming within buy region.

meshpips:

EU needs to touch 1.458x before we can expect long.
Just my opinion sha.
See chart attached.
Meshach.

NB: That is also he point D of a probable bullish bat on 1hr tf

Bullish bat completed. Wait for a 15min reversal candle pattern and buy
See my blog for trade details.
Happy trading!
Meshach.

Its a very good price to buy EU

^^^^


Hmmm, i don't like the movement one bit.

Why not? i thought u were already EU long. I longed at 14582. On the march

^^^^

Yes i did and i have added one more at 1.4580

Is EU maintaining a downward channel? GBP could outperform USD

@tee j, plsssss i ll like 2 chat u up. Wants 2 go in2 forex bt dont know where 2 strt. Ur email pls so dat i can contact u. 1 lv

Am I the only one having the mindset of going short? Let's go short.

Be mindful of the long trade you place as the market sentiment is gradually going back to risk-aversion even with slow recovery of the US economy.

News coming up today, so those who should be careful should be.

honeric01:

News coming up today, so those who should be careful should be.

I totally agree with you man on this one, check this out:

All eyes will be on the ECB press conference (12:30 GMT),
as traders await if JC Trichet describes the bank's stance on inflation as "strongly vigillant".
It is fair to expect a higher euro if Trichet does mention these words,
and to expect a weaker euro in the event that they are omitted.

JAZES:



All eyes will be on the ECB press conference (12:30 GMT),
as traders await if JC Trichet describes the bank's stance on inflation as "strongly vigillant".
It is fair to expect a higher euro if Trichet does mention these words,
and to expect a weaker euro in the event that they are omitted.

The bold words above are what we are looking out for
today to see if EUR/USD will continue the uptrend or not.
Once that word is mention by the Trichet(The ECB President),
then we should see EU go test 1.4680 and beyond.
Happy Trading

It appears EU is plotting a head and shoulder? Should that be the case then, it would be a south-bound move! At this level, I no longer trade "e be like say". Panadol must be panadol. LOL!!

@ Akins02324, two pages back you made a passionate plea that we shouldn't allow newbies fall into the wrong hands. I hereby grant you and any FOUR other newbies a rare privilege of learning my trading system. The fee would be "whatever amount you can afford" (but please don't abuse this privilege or attempt to insult my personality by mentioning ridiculous prices). This offer is ONLY open to Akins02324 and any other four NEWBIES.

JAZES:

The bold words above are what we are looking out for
today to see if EUR/USD will continue the uptrend or not.
Once that word is mention by the Trichet(The ECB President),
then we should see EU go test 1.4680 and beyond.
Happy Trading

News man lol, see as you dey wait for news, well EU and GU are already moving up, but i am having this sentiment that we are going to have a fall (na sentiments o)

honeric01:

News man lol, see as you dey wait for news, well EU and GU are already moving up, but i am having this sentiment that we are going to have a fall (na sentiments o)

Your sentiment is not illegitimate.

If Trichet like make he use hin yansh talk, that one no concern me . I am done for this week, I have reached and exceeded my weekly target of 300 pips.

I'll holla at y'all next week. Off to go and play with my son in the garden

Kashif:

Your sentiment is not illegitimate.

Thank you papa

naijababe:

If Trichet like make he use hin yansh talk, that one no concern me . I am done for this week, I have reached and exceeded my weekly target of 300 pips.

I'll holla at y'all next week. Off to go and play with my son in the garden

HEHEHEHEHEHEHE, nice one, 300 standard pips i guess? 1 pip = $10 right?

naijababe:

If Trichet like make he use hin yansh talk, that one no concern me . I am done for this week, I have reached and exceeded my weekly target of 300 pips.

I'll holla at y'all next week. Off to go and play with my son in the garden

Gbam!!

@honerico1, you are the chairman!

honeric01:

News man lol, see as you dey wait for news, well EU and GU are already moving up, but i am having this sentiment that we are going to have a fall (na sentiments o)

naijababe:

If Trichet like make he use hin yansh talk, that one no concern me . I am done for this week, I have reached and exceeded my weekly target of 300 pips.

I'll holla at y'all next week. Off to go and play with my son in the garden

Cant just laughing at una comments.
@Honeric,
I no be full fundamentalist cos i trade technically too.
If u dey follow my post u go notice say i dey give technical shots too

@naijababe,
I dey hail ooo, na u be the real badt gal as i know some badt girls.
Naijababe badt gan, oya tell ur mummy,tell ur daddy say naija babe badt gan.
still singing

If EU breaks 1.4605,the next stop will be 1.4567 and
then 1.4555. My 2cents

naijababe:

If Trichet like make he use hin yansh talk, that one no concern me   . I am done for this week, I have reached and exceeded my weekly target of 300 pips.

I'll holla at y'all next week. Off to go and play with my son in the garden

Congrats sis! I was explaining to a friend just this morning that its not all about number of pips.

I suggest that you re-evaluate and think of profit/loss in terms of %.
Let me cite an example:
I went long today on usdjpy @ 79.93 with my SL @ 79.66 (27pips). If I decide to risk 5% on this trade, I would use
5% * 100/27 = 5% * 3.7037= 18.5% of my capital on this trade.
If I make  measly 27pips profit, I get 5% added to my capital.

Now if I come on this self same thread and say I made 54 pips that obviously would NOT sound like a big deal to any trader. Yet if I repeat this feat, compounding daily for 22 trading days, I would have made at least 500% profit.

IT'S NOT ALL ABOUT PIPS SIS, THINK IN %.

Congrats all the same.
Meshach

meshpips:

Congrats sis! I was explaining to a friend just this morning that its not all about number of pips.

I suggest that you re-evaluate and think of profit/loss in terms of %.
Let me cite an example:
I went long today on usdjpy @ 79.93 with my SL @ 79.66 (27pips). If I decide to risk 5% on this trade, I would use
5% * 100/27 = 5% * 3.7037= 18.5% of my capital on this trade.
If I make  measly 27pips profit, I get 5% added to my capital.

Now if I come on this self same thread and say I made 54 pips that obviously would NOT sound like a big deal to any trader. Yet if I repeat this feat, compounding daily for 22 trading days, I would have made at least 500% profit.

IT'S NOT ALL ABOUT PIPS SIS, THINK IN %.

Congrats all the same.
Meshach

Well said man well said

JAZES:



Cant just laughing at una comments.
@Honeric,
I no be full fundamentalist cos i trade technically too.
If u dey follow my post u go notice say i dey give technical shots too

na play play o