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Forex Trade Alerts - Season 5 - Business (33) - Nairaland

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Re: Forex Trade Alerts - Season 5 by LaconicINC: 9:39am On Mar 07, 2012
still holding my sell position on eu,my tp is at the 50% fib level ie 1.30645
Re: Forex Trade Alerts - Season 5 by Fxmagnate(m): 10:01am On Mar 07, 2012
JAkpayen:

I'm seeing something on my chart that may make the risky currencies rally before continue on bearish mode.
@ jakpayen
I understand u trade the fundamentals, i also try to see a correlation btw my charts n fundamentals too
im bearish for now and with the upcoming news im nt seeing any rally here in the risky currencies except for GU which is the only one that has not correlated with other pairs to get to pivot before continuing the downward trend as i expect it to rally to 1.5764 in this early morning session but it hasnt. im also of the opinion it cud go down from here
maybe if u cud shed more light on ur rally, it cud help us newbies
Re: Forex Trade Alerts - Season 5 by Kashif(m): 10:43am On Mar 07, 2012
Concept:

Supposing forex has a licence I would have told you to let the authority revoke my own if your expectation on GBPCHF is met. If you sell, I am not saying here that there will not be pips but there is a saying not the quantity of trade but the quality of trade. No way you can compare 1000pips with 80pips. GBPCHF should be an order entered with trailing stop & forget it for a while because the trend up is just building up. Nolly04 is seeing resistance on daily, I am seeing support there.

Only time will tell.
Re: Forex Trade Alerts - Season 5 by dboy365: 11:46am On Mar 07, 2012
treasurelites:

i was jus reading about NIAL FULLER'S forex trading commentary and its jus great. i have been following him 4 the past (3)three months & hv been making profits on his free commentary. i really want 2 join his course & commentary + forum but it is a whopping $344 dollars & i dont have that kind of money. So i'm suggesting a partnership of 3 or 4 persons to  join me so that we can register with one of our names and share the money equally so we can access  the forum at allocated time. My number is 08138267056 & if u re in Nigeria we can always arrange on how to meet, so that nobody is scammed. check his commentary 4 urself and give me a call.   http://www.learntotradethemarket.com/category/forex-trading-commentary.  Note he mainly trade on 4hr/daily timeframes & pls dont call me if u re trying to sell a system. thanks
good to know one of my mentor's student is here. Write me on da.ghost63 at [color=#000099][/color]yahoo.com lets talk.
Re: Forex Trade Alerts - Season 5 by samyng(m): 12:17pm On Mar 07, 2012
dboy365:

good to know one of my mentor's student is here. Write me on da.ghost63  at  [color=#000099][/color]yahoo.com lets talk.

cool wink i also check out his trading setup some times to check what i might have missed on my chart as i noticed he is one of the most successful price action traders
Re: Forex Trade Alerts - Season 5 by JAkpayen(m): 12:23pm On Mar 07, 2012
Fxmagnate:

@ jakpayen
I understand u trade the fundamentals, i also try to see a correlation btw my charts n fundamentals too
im bearish for now and with the upcoming news im nt seeing any rally here in the risky currencies except for GU which is the only one that has not correlated with other pairs to get to pivot before continuing the downward trend as i expect it to rally to 1.5764 in this early morning session but it hasnt. im also of the opinion it cud go down from here
maybe if u cud shed more light on ur rally, it cud help us newbies

I use both fundamental & technical in my trading but technical supersedes the other. I was expecting the fundamental to be negative today but my chart especially 4HR is pointing up. As such the ADP Employment Change is expected to be positive thereby rally in EU.
Re: Forex Trade Alerts - Season 5 by dboy365: 12:38pm On Mar 07, 2012
samyng:

cool wink i also check out his trading setup some times to check what i might have missed on my chart as i noticed he is one of the most successful price action traders
I check them every day. Give treasurelites a call if you want in on access to the his forum
Re: Forex Trade Alerts - Season 5 by samyng(m): 1:01pm On Mar 07, 2012
dboy365:

I check them every day. Give treasurelites a call if you want in on access to the his forum
Okay thanks cool
Re: Forex Trade Alerts - Season 5 by Nobody: 2:47pm On Mar 07, 2012
I don think downward move will continue on GU, anyone?
Re: Forex Trade Alerts - Season 5 by Fxmagnate(m): 3:12pm On Mar 07, 2012
odiaero:

I don think downward move will continue on GU, anyone?
Check the same pattern on 13th feb , i still see the support @ 1.5469
Re: Forex Trade Alerts - Season 5 by samyng(m): 3:42pm On Mar 07, 2012
Fxmagnate:

Check the same pattern on 13th feb , i still see the support @ 1.5469

samyng:

There might be little pull back and then would retrace to 1.5650.  Looking at the Daily chart, you see key support @ 1.5650 i think one would watch this level closely for buy signals if price moves into it. As market has been range-bound between about 1.5990 and 1.5650.

Really is GU falling that hard  shocked shocked what i can see is for now is  1.5650 as its likely that Bulls would want to come in again
Re: Forex Trade Alerts - Season 5 by Fxmagnate(m): 3:43pm On Mar 07, 2012
1st Tp Hit
Fxmagnate:

Im selling EU from the pivot now at 1.31465,  riding the trend 1st to @ 1.3099 and 2nd tp @ 1.3069

Re: Forex Trade Alerts - Season 5 by Fxmagnate(m): 3:47pm On Mar 07, 2012
^^^^
samyng:

Really is GU falling that hard  shocked shocked what i can see is for now is  1.5650 as its likely that Bulls would want to come in again
I m sorry 1.5469 was a typo, was saying 1.5649
Re: Forex Trade Alerts - Season 5 by success4(m): 4:49pm On Mar 07, 2012
Care to learn the following:

• What the Underlying Structure of the Markets is
• What are Fractals and how are they related to the Elliott Wave
• How to use the Awesome Oscillator to find the peak of Wave 3
• Correction types: Zig-Zag, Complex, and Irregular patterns
• How the Elliott Wave is the underlying structure of all markets
• How the Fractal is the underlying part of the Elliott Wave
• Identify the 5 Wave Pattern with 3 wave correction on the chart on any market
• The Awesome Oscillator - 5-34 moving average and it’s uses
• How to Identify the Wave 3 peak on a chart in seconds
• What divergence means and how it affects the Elliott Waves
• The Squat Bar, trend ending or measuring are explained in real time examples
• What the common correction types are and how to recognize them on the chart
• How to use multiple time frames to accurately count Elliott Waves in real time.
• Take the ambiguity out of counting Elliott Waves
• How to know when your count is wrong and get the current Elliott Wave count.
• Review on 30 examples on historical charts tying it all together.

Contact me: info@forextradinginnigeria.com
Re: Forex Trade Alerts - Season 5 by Concept(m): 4:53pm On Mar 07, 2012
My friend Ogboraph has gone on self compulsory leave due to his unsettled mind that reflects in his calls in the recent past, he will be back when he is sharp & bubbling.
Re: Forex Trade Alerts - Season 5 by Nobody: 5:45pm On Mar 07, 2012
Scalping my 45pips buy on GU, will be waiting to buy GU again, and not sell
Re: Forex Trade Alerts - Season 5 by Kashif(m): 5:54pm On Mar 07, 2012
success4:

Care to learn the following:

• What the Underlying Structure of the Markets is
• What are Fractals and how are they related to the Elliott Wave
• How to use the Awesome Oscillator to find the peak of Wave 3
• Correction types: Zig-Zag, Complex, and Irregular patterns
• How the Elliott Wave is the underlying structure of all markets
• How the Fractal is the underlying part of the Elliott Wave
• Identify the 5 Wave Pattern with 3 wave correction on the chart on any market
• The Awesome Oscillator - 5-34 moving average and it’s uses
• How to Identify the Wave 3 peak on a chart in seconds
• What divergence means and how it affects the Elliott Waves
• The Squat Bar, trend ending or measuring are explained in real time examples
• What the common correction types are and how to recognize them on the chart
• How to use multiple time frames to accurately count Elliott Waves in real time.
• Take the ambiguity out of counting Elliott Waves
• How to know when your count is wrong and get the current Elliott Wave count.
• Review on 30 examples on historical charts tying it all together.

Contact me: info@forextradinginnigeria.com

All these for me to trade? Lai lai! Anyway, to whom it may concern grin grin grin

But seriously, I need to learn some of the stuf I see here - the fibo and MA leg overs grin grin
Re: Forex Trade Alerts - Season 5 by X3n(m): 6:07pm On Mar 07, 2012
was enjoyin myself b4 dis mad move happened, mtchew!!, 2morow is anoda day
Re: Forex Trade Alerts - Season 5 by freshcvv(m): 7:02pm On Mar 07, 2012
240 pips in total from GU, EU, GJ, CJ, UJ and EJ, all LONGED for an average of 40 pips, I am glad it paid.
Re: Forex Trade Alerts - Season 5 by nolly042(m): 7:07pm On Mar 07, 2012
wow what a day. i think the bulls are creeping in gradually on both EU and GU. lets watch and see what the close of today will look like. the monthly S1 on GU is actually resisting the down move. tomorrow is anoda trading day.
Re: Forex Trade Alerts - Season 5 by nolly042(m): 7:13pm On Mar 07, 2012
Concept:

My friend Ogboraph has gone on self compulsory leave due to his unsettled mind that reflects in his calls in the recent past, he will be back when he is sharp & bubbling.
my good friend just be taking notes of what is happening to gbp/chf. the side-wave movement on today's treade, the reversal candles every were on 4hr TF. when the move is ripe i will let u know
Re: Forex Trade Alerts - Season 5 by bond777(m): 7:39pm On Mar 07, 2012
Season 5 is moving slowly. Some guys are missing. no matter ur system pls make sure u trade with a stop loss. No system is 100% sure. The market is moved by people and this people are moved by a lot of different things, some for very irrational reason.

Trade carefully

Cheers cheesy
Re: Forex Trade Alerts - Season 5 by Nobody: 7:59pm On Mar 07, 2012
Head and shoulders on the daily on EU. Right shoulders being formed as we speak! Will wait till EOD before I sell (Tell me I'm not imagining it o)
Re: Forex Trade Alerts - Season 5 by silibaba: 8:10pm On Mar 07, 2012
cheesy grin how market grin cheesy.

aud/usd is such a good boy
Re: Forex Trade Alerts - Season 5 by X3n(m): 8:59pm On Mar 07, 2012
I think dat move dat we saw was as a result of d U.S crude oil Investor's news dat came out. If dis 9pm news is +ve, I believe USD will resume its bull move. So, I'll jst kip my fingers crossed.
Re: Forex Trade Alerts - Season 5 by Nobody: 9:13pm On Mar 07, 2012
Hi traders,

One simple way to exit a trade is simply to set a
take profit level when you enter the trade. When I
trade using this method I set my stop loss to
whatever the ATR suggested it should be, and then
I set my take profit level to double that amount.

As an example, with a 40 pip stop, my take profit
level is 80.

I actually only use this exit strategy if I’m not
monitoring my trades, or if I’m trading with a
stop of 20 pips or less. When I’m home and I can
watch what happens throughout the day I use
trailing stops instead.

Using Trailing Stops - Let Your Profits Run

With any type of trading (not just Forex),
letting your profitable trades run is a great way
to capitalize on your winning trades. A simple way
to do this, without messing up the rest of your
money management system, is simply to trail your
stops.

A trailing stop allows your stop-loss to move with
the currency. The beauty of it is that it only
moves if you are in a profitable trade. It won’t
move backwards, so you needn’t worry about losing
more.

The trailing stop doesn’t just help to maximize
profits; it also adds an additional method to
minimize losses.

There are a few things that you should take note
of when deciding to use trailing stops.

As a general rule they are safe to use but you
need to do a couple of things when using trailing
stops.

1. Don’t Trail Your Stops in a Ranging Market –
It doesn’t make sense to trail your stops if a
currency is trading within a range. If you do
range-trade, use a basic stop and a take profit,
you’ll have more success.

2. Don’t Trail Your Stops if the Initial Stop
is Small – With trades where your initial stop
is quite small (say 30-40 pips or less) it usually
won’t work well to use a trailing stop.

In this case you aren’t allowing the currency
enough room to move, and you’ll end up stopping
out early. If you do want to trail a stop with
this kind of trade, trail it 30 pips behind the
initial stop.

3. Back test with Your Trading System – Trailing
stops work well with most trading systems, but
not necessarily all of them. Back testing is
important to ensure you won’t end up stopping
out early too often.

4. Sometimes the initial Stop Isn’t Enough –
With currency pairs that tend to move in larger
waves, or in a fast moving market a trailing stop
at the same level as your initial stop isn’t enough.

You will bring the stop up and when the currency
reverses for a time you will stop out and miss
on the potential profits. In this case I set my
initial stop to 2x the ATR, and then trail my stop
at 3 or 4 times the ATR.
Re: Forex Trade Alerts - Season 5 by stolenstone: 10:39pm On Mar 07, 2012
sell stop NZDUSD, @ 0.8160, tp 0.8050, sl 0.8200. hope it gets there!

Re: Forex Trade Alerts - Season 5 by Ogboraph(m): 12:12am On Mar 08, 2012
wen are we buying
Re: Forex Trade Alerts - Season 5 by silibaba: 6:08am On Mar 08, 2012
cheesy ;Dhow market grin cheesy

just saw a head and shoulser pattern on usd/jpy on the 4hr chart,

this pair go pay.

who is in the same boat with me?
Re: Forex Trade Alerts - Season 5 by jamace(m): 6:12am On Mar 08, 2012
Market is good o. grin
Re: Forex Trade Alerts - Season 5 by Ogboraph(m): 6:41am On Mar 08, 2012
Buy GBPUSD@1.5760, first tp 1.5778 (TP@ 1.5818 this is my target ,SL@1.5724 i am back with a small sense

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