even d whipsaw for the mkt is caused by traders

aguiyi:

my buy stop is at 4150,anybody?

40 pips locked in, under 40mins

^^^

I thought you have already achieved your aim for the week? No?

9ce gud 2 go.am interestd in dz
moreso av been about 1 2day opend an acc an stil readn the agreement stuff nd i neva understand d concept. can sum1 educate me on dz.lot of luv

@honeric01, Thanks ,but have you traded with liteforex before? prl kindly share some of your experience with the brokers you listed. thanks once again.

honeric01:

^^^

I thought you have already achieved your aim for the week? No?

bros, i saw a perfect set up according to my trading style and i jumped in. i thought i wouldnt trade again for the week but ,

me i don enter again for 4200,tp +50

Dharmie 4 krist:

9ce gud 2 go.am interestd in dz
moreso av been about 1 2day opend an acc an stil readn the agreement stuff nd i neva understand d concept. can sum1 educate me on dz.lot of luv

What are you trying to say?

honeric01:


May the force be with you!

Amen, Thanks

Which pairs are the big dogs in the house slaughtering for breakfast today? I see EU parading itself for a downtrend, What do you think house?

Hi all, I'm forward testing my newest quantitative method. Buy GU @ 1.6065 SL 1.5990 TP1 1.6200 TP2 1.6260 Happy trading! Meshach

hey man, was looking out for u since. hope its been cool with u

gu buy stop triggard at 6095,any body

aguiyi:

gu buy stop triggard at 6095,any body

I'm not in that trade but i spotted it and think it's a nice one. From the bullish candle stick rejection off the daily support from the New York close yesterday, I think that the pair should rotate up to value before we could see any more bearish downturn, nice one.

aguiyi:

gu buy stop triggard at 6095,any body

Hoping for a 'better' entry

^^^^

Already in, my SL should do the job.

1.43xx at least for EU and 1.63xx for GU at least.

Kashif:

Hoping for a 'better' entry

bros, u see that move?. i don ball out from that pair with +69. looking for another entry

EU seems to have much more stronger bullish confirmations and a better chance to move up to give a good Risk:Reward (of about 1:2). It's quite painful though that I can't take any of GU or EU cos I already have 3 trades running - in profit actually

honeric01:

^^^^

Already in, my SL should do the job.

1.43xx at least for EU and 1.63xx for GU at least.

You are right on that brother. A good level to take profits for EU is at 1.4320. After there, we could see some bearish out turn or perhaps the market can break above and away from the present bearish condition.

1.4320 it is guy. Cheers!

Kashif:

Hoping for a 'better' entry

1.6117 would have been a good entry point for the GU pair. That would have been a 50% retracement level of yesterday's daily candle close. Just my 2 micro pips.

were jazes and odiaero na .


jazes i need to hear something about the mkt sentiment at the moment abeg

^^ Today is Friday, i am resting, abi u no dey belle full?

you dey talk of belle full, i hear. abeg tell me wetin u dey see for your chart jare

belle full , african man dey ever dey belle full?

aguiyi:

bros, u see that move?. i don ball out from that pair with +69. looking for another entry

Bros I see the move o! Congratulations! For me, I am not very keen in trading today, before I will sow my pips.

Blog icon:

EU seems to have much more stronger bullish confirmations and a better chance to move up to give a good Risk:Reward (of about 1:2). It's quite painful though that I can't take any of GU or EU cos I already have 3 trades running - in profit actually
You are right on that brother. A good level to take profits for EU is at 1.4320. After there, we could see some bearish out turn or perhaps the market can break above and away from the present bearish condition.

1.4320 it is guy. Cheers!

I am very happy i entered around 1.6100 for GU and 1.4130 for EU, they are yielding and trailing stop is the name of the game.

aguiyi:

were jazes and odiaero na .


jazes i need to hear something about the mkt sentiment at the moment abeg

Oga, go and rest before you start to dey vomit pips

I am planning to sell EU!

^^^

IMO, maybe around 1.432xx, Keep shorts, but be aware of bullish patterns

@Honeric01,
Na joke i dey joke oooo.No vex ooo

aguiyi:

were jazes and odiaero na .


jazes i need to hear something about the mkt sentiment at the moment abeg

Oga,i am through for the week,so i no dey trade today.
Infact na sleep i dey sleep since morning,thank for this week

Here you go man for the market sentiment:

Market sentiment sees a complete turnaround. USD sold across the board on the back of Merkel and Sarkozy meeting in Berlin. UoM Consumer Sentiment is next. See in our Thursday Premium piece how and why we called for longs in EURUSD, S&P500 but intermediate shorts in gold & silver.

Risk off sentiment continued in Asia which pushed EURUSD back towards 4130 level. Once the London session started, there was a 180 degrees change. USD is weaker across the board on the back of chancellor Merkel and president Sarkozy meeting in Berlin.

Both leaders agreed that they have the same position on Greece and that "private sector involvement in Greece must be voluntary. The German government wants private bondholders to share a part of the losses but it faced a strong opposition. While they both agree that a solution on the Greek issue is necessary and that there is a need to preserve the stability of the euro, not many concrete details have been revealed. Exactly how private entities will be made to voluntarily roll over their bond positions remains to be seen.

Chinese foreign minister also helped to improve the sentiment when he was quoted saying that China has been helping by buying Euro debt and that Europe overcoming its debt crisis is vitally important to China.

The FX market focused on Merkel/Sarkozy meeting and ignored the widening of EZ deficit that reached 2.9B in April worse than 2.2B in March.

New York session news schedule is light today. At 8:30 am ET Canadian Wholesale Sales for April are expected to drop to -0.3% from previous 0.1% followed at 9:55 am ET by US preliminary University of Michigan Consumer Sentiment index for June expected to improve slightly to 74.4 from previous 74.3. This index has experienced three months of straight gains but it is difficult to imagine consumers sentiment to continue to improve while fundamentals deteriorate.

The last news of the week is due at 10:00 am ET. The Leading Indicators index for May is expected to improve to 0.3% from previous -0.3%. Given that markets will still be absorbing the result of Consumer Sentiment released just five minutes earlier, the impact of this index is likely to be limited.

JAZES:

@Honeric01,
Na joke i dey joke oooo.No vex ooo

Oga,i am through for the week,so i no dey trade today.
Infact na sleep i dey sleep since morning,thank for this week

Bro, no worry yourself jare, it's a cultural thing and i am used to the crawling at straw tactics i just read.

All in all, may the month end well for us well pipscally