₦airaland Forum

Reading a full copy of the minutes. These are pretty dovish and very much point to a "wait and see" attitude towards raising rates.Fed Funds futures showing a 40% chance of a September rate hike, down from about 50% last week. Could have a lasting effect on USD.

Stoploss hit on eurjpy. Total pips in august dropped to 380pips. Eurgbp and usdjpy still open.

Close signal8 (nzdusd) now at 0,6582 for +28. Tp hit on signal 12(gbpjpy) for +100pips.total pips now in august now +480. Hold usdjpy, eurjpy and eurgbp.

Covering your charts with so many tools and indicators that you can?t even see the price is not the answer to good trading.

Signal12: buy gbpjpy now 193.82 sl 192.82 tp 194.82. Hold usdjpy, nzdusd, eurjpy, eurgbp.

Total pips made so far in August now +352

Signal 10: buy eurjpy now 138.17 sl 137.17 tp 139.17. Signal 11: buy eurgbp now 0.7096 sl 0.6996 tp 0.7196

For as many still holding the 4 positions left from last week. Close audusd at breakeven and close gbpjpy now at 194.90 for +100pips. Nzdusd and usdjpy till open.

Don't lose confidence because of 1 bad day. Just keep going. No trading system is perfect. U can't judge a trading system by few days or weeks. Minimum 3months to test it's profitablity.

I did an analyse to be a successful trader what you need, and i found:
 
*Money Management : 70%
*Technical analyse to read chart : 15%
*availabability of your mind : 5%
*Know how to manage Winning trade and Loss : 3%
*Know how to execute the order : 3%
*Choose a performance broker : 3%
*Finance News and Lies : 0.5%
*Fundamental Analyze of market 0.5%
-----------------------------------------------------------
Total : 100%
 
what this means is to be a successful trader you need to know how to manage your capital, because you can loose all in the market if you don't know  how to manage your money.

Update; close signal4 now (audnzd) now 1.1300 for +100pips. Signal 6,7,8,9 still open.

Trade update on open positions: signal4(audnzd) +73pips, signal6(gbpjpy) +38pips, signal7(usdjpy) +10pips, signal8(nzdusd) +84pips, signal9(audusd) +28pips. So far this month we recorded 2losses closed total of -120pips and recorded 2wins closed total of +152pips. Once this 5 open positions are closed we will update. The 2wks trials end today.

Please note that The Greek Parliament will vote to decide if measures agreed with creditors in the third bailout program will be implemented on August 13th 2015.

Political risk and uncertainty can have a dramatic effect on global currency markets and therefore you should ensure you have adequate equity to cover your positions. Please note depending on market conditions. stop-out levels, margin requirements and spreads maybe changed without a prior notice. Some brokers also reserve the right to limit EUR trading to the closing of existing positions only.

Trade update on open positions: signal4(audnzd) -50pips, signal6(gbpjpy) +70pips, signal7(usdjpy) +25pips, signal8(nzdusd) +21pips, signal9(audusd) +28pips. So far this month we recorded 2losses closed total of -120pips and recorded 2wins closed total of +152pips. Once thiss 5 open positions are closed we will update. We hope u have enjoyed the trial with us as it ends tomorrow and we will give a summary of all the trades given. Pipful month to u all.

Signal9: sell audusd now 0.7371 sl 0.7471 tp 0.7271.

BOJ awfully close to suggesting Japan may move to depreciate the yen ... $gbpjpy $usdjpy

Signal 7; buy usdjpy now 124.31 sl 123.31. Tp 125.31, signal 8: sell nzdusd 0.6610 sl 0.6710 tp 0.6510.

Signal6: GBPJPY Long 193.88 SL 191.60 TP 197.90

The big money is in trading after the pullbacks#patiencepays#

Close signal 5: gold for +15pips. Hold signal 4. Audnzd.

Signal5: buy gold 1115 sl 1100 to 1140.

SIGNAL 4: AUDNZD Long 1.12000 SL 1.10000 TP 1.16000

There is a direct correlation between the number of stupid trades u enter and how long it will take you to be successful in trading. The correlation is, the more stupid trades you take, the longer it will take you to be a successful trader, and if you continue to make stupid trades at increasing rate you will eventually blow your account.

SIGNAL3: SELL EURJPY AT 136.00 SL 137.00 TP 129.10

we closed audnzd for +137pips, closed eurjpy for small loss of 20pips

Rba. No rate cut. Audnzd up..milk auction in few hrs on nzd. Expect 10% price fall. Also good news. RBA, no longer saying further fall in aud likely and necessary.that has been dropped from the statement. AUD hawkish. Pairs like EURAUD will take major beating. Our open trade on AUDNZD well over 100pips now. EURJPY over 25pips

very quiet trading day. Asian session should be very interesting,

signal1: buy audnzd now 1.1075 sl 1.0890 tp 1.1450
signal2: sell eurjpy now 136.10 sl 137.10 tp 133.10

Trade setups are determined by a combination of technical events meeting with fundamental drivers. We will use multiple technical setups such Candle Patterns, Elliot wave. Support and Resistance Buying and Harmonic Patterns.

Trades are designed with AT LEAST an initial reward/risk profile of at least 2:1 (usually higher). The stop is moved in order to minimize risk as market action dictates with the understanding that tightening the stop too quickly and/or too often increases the risk of losing the position prematurely.

We take two lots per trade and the goal of the trade is to try and get at least a 200 pip movement in the pair. We take the first lot off after the first initial burst in our direction which is usually 100 pips. Then the position will usually be moved to a break even stop loss and the final lot we aim for 200+ pips.

EURUSD – The EURUSD short term bias remains down to sideways – Resistance at 1.1400 and support at 1.0825. We can see price continued falling lower today after the recent bearish reversal bars we’ve discusesd. We wouldn’t be surprised to see price continue weakening this week and at least try to re-test 1.0820 key support before mounting any significant rally again