₦airaland Forum

RANDOM DISTRIBUTION OF TRADE OUTCOMES AND WHAT ITS TAKES TO MAKE MONEY CONSISTENTLY IN THE MARKET;
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If you follow your trading edge with patience and discipline you will have a positive equity curve(positive account increase) even when you dont know which trade(s) will be a win or loss.
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Making profits in the forex markets its very very simple just like a throwing a coin, but MAKING MONEY CONSISTENTLY IN THE MARKET IS NOT EASY(its very difficult for 96% of traders) ONE HAVE TO CONSISTENTLY DO MANY THINGS RIGHT LIKE;

1)Having a very accurate trading method/excellent trading system.
2)Utilizing excellent risk/money management on every trade(risking 1-3% per trade).
3)Having the patience and discipline to wait for the edge.
4)Following your trading plan all the time.
5)Taking profits at reasonable levels not being greedy.
6)The ability to control ones emotion after a loss/win- You need a stable market Psychological state.
7) Understanding the Fundamental aspect of the markets for each trading session; its foolhardy to place a without checking the Economic calender...

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To succeed in the markets you have to consistently do the above 7 points..... ITS HARD to follow these 7 points, BUT THE REWARD FOR KEEPING THESE 7 POINTS IS UNLIMITED(WEALTH AND JOY)...

Trade 7 sell-limit order at 1.41920 on EURaud
stops= 41pips
targets= 100pips or more
risk 1% here
reason for trade; bearish retracement entry on daily.
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Buy-limit order on EURusd at 1.35073
stops= 34pips
targets 90pips
reason for trade; bullish retracement entry.
Risk 1% here

SO WE ARE RISKING JUST 2% here

Note; I will monitor the 4hours chart for any decent retracement entry if price does not trigger our trade. Price may or may not trigger our trade.

Some interesting stuffs on daily charts(my favourite chart).

1) EURUSD; This pair is about forming a decent bullish indecision candle which indicates that price may move towards 1.36000(the nearest resistance zone), so if this forms i may likely play this using a buylimit for better entry/better reward to risk ratio.



2)EURaud; This pair is about to form a bearish setup outside support zone 1.43000-1.42000, so if this forms we may likely sell to push this pair towards 1.40000 a powerful psychological point. ALSO I MAY USE A SELL-LIMIT ORDER to play this trade for a better entry/better reward to risk ratio.


SO COME AROUND 10-20 MINUTES AFTER ''NEW YORK CLOSE(10PM)'' FOR A POSSIBLE SETUP.

So far its all Green here.

6 signals posted= 6 wins(5 wins + 1 breakeven, i consider breakeven also as a win).
PLEASE If you want to follow my free accurate forex signals READ MY FIRST POST ON THIS THREAD...
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For questions about forex trading mail me;
brinegold(at)gmail(dot)com

Please read my first post on this thread to follow my signals.

Ben oti: wat d signal 4 2day nw
pls update me with d current flow of the market pls

anigold: Trade 6 buy eurcad now or buy eurcad at 1.40413
stops= 42pips
targets= 86pips
reason for trade; bullish signal on daily.
Risk 1% here.
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buystop at 1.60072 on GBPusd
stops= 50pips
targets= 102pips
reason for trade; bullish signal at support.
Risk 1% here
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so we are risk 2% on all positions.
Goodluck.

'BUY EURCAD' is up with some decent profits so please move stops to breakeven to prevent losses. Goodluck.

For questions about my trading mail; brinegold(at)gmail(dot)com

Trade 6 'buy gbpusd' has been stopped out at breakeven. So lets see how BUY 'eurcad' will perform

anigold: hello guys theres a news on british pounds at 9;30 am (gmt+1) so if price hit our trade on ''GBPUSD'' move stops to 20pips to risk only 0.4% instead of 1%, but if price hit our buystops and moves into profits quickly moves stops to breakeven.

anigold: Trade 6 buy eurcad now or buy eurcad at 1.40413
stops= 42pips
targets= 86pips
reason for trade; bullish signal on daily.
Risk 1% here.
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buystop at 1.60072 on GBPusd
stops= 50pips
targets= 102pips
reason for trade; bullish signal at support.
Risk 1% here
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so we are risk 2% on all positions.
Goodluck.

hello guys theres a news on british pounds at 9;30 am (gmt+1) so if price hit our trade on ''GBPUSD'' move stops to 20pips to risk only 0.4% instead of 1%, but if price hit our buystops and moves into profits quickly moves stops to breakeven.

benpuzzy: Guyz, i want to long GU but i am afraid of 9.30 news, what is ur advice?

wait after the news, Patience is a good virtue for trading

Trade 6 buy eurcad now or buy eurcad at 1.40413
stops= 42pips
targets= 86pips
reason for trade; bullish signal on daily.
Risk 1% here.
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buystop at 1.60072 on GBPusd
stops= 50pips
targets= 102pips
reason for trade; bullish signal at support.
Risk 1% here
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so we are risk 2% on all positions.
Goodluck.

There are 3 interesting stuffs on the daily charts so lets start ;

1)GBPUSD; This is about forming a powerful bullish signals in line with up trend just BELOW 1.60000 a powerful psychological point, so if this forms we will likely buy this pair pushing price towards 1.61000.

2)NZDUSD; This pair is about forming a bearish signal at(or just below) key resistance 0.84000, so if this forms we will likely sell this pair towards 0.83000 the next strong round number.
The trend is up this is a counter-trend setup at key resistance point.

3)EURCAD; This pair is about forming a bullish setup on daily just above 1.40000(a powerful psychological point), so if this forms we will likely buy this pair pushing price towards 1.41000.

SO COME AROUND AT ''NEW YORK CLOSE'' if any setup meets my criteria i will post the setup with price,stops and targets.
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Trade 5 results:
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A)Sell goldusd= +180pips on some account 136pips(targets)
B)Buy GBPcad= -20pips(loss)
C)Sell EURusd= +60pips

Net pips= 220pips to 176pips

anigold: Trade 5 sell eurusd now or sell eurusd at 1.35612
stops=40pips
targets= 85pips
reason for trade; bearish signal formed
risk 1% here
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buy GBPcad now or buy GBPcad at 1.65422
stops=40pips
targets= 120pips
reason for trade; bullish signal formed on daily.
Risk 1% here
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Sellstops at 1270.72 on GOLDusd now
stops= 60pips
targets= 135pips
risk 1% here
reason for trade= bearish signal formed on daily in line with down trend.
==========================

so in total we are risking 2-3% of our capital.

Good luck

Am out on ''sell goldusd trade 30'' with 180pips on most accounts on some accounts i was stopped out with 136pips(targets). Sell eurusd is down with +69pips lets see if its will hit our targets.

anigold: Trade 5 sell eurusd now or sell eurusd at 1.35612
stops=40pips
targets= 85pips
reason for trade; bearish signal formed
risk 1% here
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buy GBPcad now or buy GBPcad at 1.65422
stops=40pips
targets= 120pips
reason for trade; bullish signal formed on daily.
Risk 1% here
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Sellstops at 1270.72 on GOLDusd now
stops= 60pips
targets= 135pips
risk 1% here
reason for trade= bearish signal formed on daily in line with down trend.
==========================

so in total we are risking 2-3% of our capital.

Good luck

For questions concerning forex mail me@ brinegold(at)gmail(dot)com

Trade 5 is currently swimming in a 210pips profits. I lost 20pips on buy gbpcad. So if you took this trade moves stops and lock in some profits.

anigold: Trade 5 sell eurusd now or sell eurusd at 1.35612
stops=40pips
targets= 85pips
reason for trade; bearish signal formed
risk 1% here
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buy GBPcad now or buy GBPcad at 1.65422
stops=40pips
targets= 120pips
reason for trade; bullish signal formed on daily.
Risk 1% here
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Sellstops at 1270.72 on GOLDusd now
stops= 60pips
targets= 135pips
risk 1% here
reason for trade= bearish signal formed on daily in line with down trend.
==========================

so in total we are risking 2-3% of our capital.

Good luck

anigold: Trade 5 sell eurusd now or sell eurusd at 1.35612
stops=40pips
targets= 85pips
reason for trade; bearish signal formed
risk 1% here
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buy GBPcad now or buy GBPcad at 1.65422
stops=40pips
targets= 120pips
reason for trade; bullish signal formed on daily.
Risk 1% here
-----------------------------------------
Sellstops at 1270.72 on GOLDusd now
stops= 60pips
targets= 135pips
risk 1% here
reason for trade= bearish signal formed on daily in line with down trend.
==========================

so in total we are risking 2-3% of our capital.

Good luck

hello guys there a news on British pounds by 4;30 New york time, so if our ''Buy GBPcad position'' is still in negative few minutes to this news time move your stops to risk only 0.5% instead of 1% if the trade runs into profits quickly moves stops to beakeven to minimize losses.

Trade 5 sell eurusd now or sell eurusd at 1.35612
stops=40pips
targets= 85pips
reason for trade; bearish signal formed
risk 1% here
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buy GBPcad now or buy GBPcad at 1.65422
stops=40pips
targets= 120pips
reason for trade; bullish signal formed on daily.
Risk 1% here
-----------------------------------------
Sellstops at 1270.72 on GOLDusd now
stops= 60pips
targets= 135pips
risk 1% here
reason for trade= bearish signal formed on daily in line with down trend.
==========================

so in total we are risking 2-3% of our capital.

Good luck

There are some interesting stuffs on the daily charts.

1) GBPcad; This pair is about to form a bullish signal on the daily chart just above 1.65000( a powerful psychological point), so if its forms we will buy this pair in line with the uptrend pushing price towards 1.67000.

2)EURcad; This pair is about to form a bullish signal just above 1.4000 and sitting on the dynamic support(moving averages ema 10). THE PROBLEM ABOUT THIS SETUP IS THAT ITS TOO CLOSE TO 1.41000(the daily resistance point) and WE MAY LIKELY SKIP IT.

Trading the Market like a CROCODILE
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Patience and Discipline are very important virtues every trader must have, when the market is not giving any valid signals its wise to wait for the right trading signals just like A CROCODILE waits patiently underneath the water for a Monkey(or any animal) to come closer to the water. The CROCODILE can afford to wait for hours even days for a good meal,once the animal comes close within its strike region The CROCODILE will immediately dive out of the water and grap the animal by the neck for a good meal. Every trader who wants to be successful must trade the market like the CROCS. And the CROCS only spends their energy on animals that will make good meals. They dont care about little animals like Frogs and Toads humping around their(CROCS) STRIKE REGION(attack region),instead they reserve their hunting energy for the good meals(e.g Monkeys,young buffalos,deers etc). Trades should preserve their capital only for valid/good setups not to throw away their monies on poor setups.
ANOTHER important virtue the CROCS have is discipline, These Crocs exercise a very high level of discipline by not breaking their hunting antics even when the results is poor, knowing fully well that when a big meal like a zebra comes close to the waters that THEY(CROCS) will have a good meal. And one of my Favourite Dstv channel is NATGEO WILD- i love learning about wild life and try to implement by lessons into my trading.
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Happy sunday wishing all a happy new week ahead.

More pips
more profits
more £€$s

infofirst: Following n kudos

Trading outlook for 14th october to 18th October 2013
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Happy weekend guys as you enjoy the weekend with friends and family please take some minutes to read my next week forex outlook.
I will start with my favourite currency pair----

1) EURUSD; This pair has formed an indecision candle on the weekly between 1.36000 and 1.35000(two powerful psychological points) signaling that the bullishrun on the eurusd weekly chart will soon come to an end. On the daily chart price has been moving in one month range between 1.36300-1.34600 so i expect price to rotate to the supportzone 1.35000-1.34600 for a bullishsignal or price may hit 1.36000-1.36300(next key resistancezone) for a bearishsignal.
So watch out next week.
2)GBPUSD; This pair has just formed a powerful weekly bearishsignal after friday close so price will tank lower if price can close below 1.59000 next week. Currently price is at supportat 1.59000 on the daily chart and a bearishindecision candle has formed so we will watch out for price action signal next week,if any price action sell signal form next week below 1.59000 we may likely sell this pair.
3)EURAUD; This pair has formed a double bearishsignal on daily chart at friday close and the trend is bearish, also a bearishsignal has just formed on the weekly chart so i expect price to gently tankdown towards 1.42000(the nearest key supportpoint). We may likely look for any counter buy signals once price hit 1.42000.
4)GBPAUD; This pair is in a decent daily bearishtrend and price is now in the supportzone 1.69000- 1.68000 so we will watch this zone next week for any possible price action signal. On the weekly a bearishsignal have just formed just below 1.70000 a powerful key number so i will expect price to hit that 1.70000 next week before going crazily down with a bearishend on 18th october 2013.
5)AUDUSD; This pair did formed a bullishsignal on thurday(10/10/2013) and also price close with a bullishindecision candle on the daily chart, so i expect price to hit the near term resistancezone 0.95000-0.95250 next week. On the weekly a decent bullishsignal did formed sitting on the dynamic support(moving average ema21) so i expect a bullishrun. Am convince that price may hit 1.0000 before second weekly of november 2013.
6)NZDUSD; This pair has formed a decent resistancezone at 0.83444-0.84000,but a double bullishsignal has formed on the weekly chart and this shows that price may likely tank higher next week but first price may retracedown towards 0.82700 before going up. We will definitely watch this pair at each 'NEW YORK CLOSE' for any possible price action signal.
7)GBPNZD; This pair is in a decent bearishrun so i will expect price to hit 1.90200 for any possible bullishcorrection. On the weekly chart a decent bearishsignal has formed signalling that price is most likely going to hit 1.90000(a powerful psychological point).
GOLDUSD; This pair is in a decent bearishrun and price seems to be dancing around 1270.000 a powerful supportpoint so if price break pass this number we may see price hitting 1230.000.
9)GBPCAD; A powerful counter trend- bearishsignal has formed on weekly chart just below 1.67000 a powerful key number so if price open below 1.65000(support zone on the daily chart) next week we may see a violent bearishmove towards 1.63000. But before price follows the weekly bearishrun its may jumped up to 1.66000 which is the 50% retracement length of the weekly bearishsignal. The trend on both daily and weekly chart is bullish. So watch out.
10)EURCAD; This pair has formed a decent bearishsignal at daily resistancepoint 1.41000 which is also a powerful resistancepoint on the weekly chart. There has been multiple rejections at 1.41000 signalling a bearish(run if price can close past 1.40000 another powerful psychological level) next week towards 1.38000.
11)AUDCAD; This pair is still in a bullishrun the daily chart so i expect price to rotate back 0.97600(near term ) for a good bullish signal.
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Happy weekend.

Happy weekend ahead

anigold: Trade 4 buy Audusd now or buy audusd at 0.94307
stops= 44pips
targets=92pips

reason for trade; bullish signal formed on daily
risk 1% on this trade
==========================
sell euraud now or sell euraud at 1.44008
stops= 60pips
targets=130pips

reason for trade= bearish signal on daily.
Risk 1% here

SO WE ARE RISKING ONLY 2% on these trades.

Goodluck. Happy pipping.

Trade 4 outcome:

BUY AUDUSD= +52pips
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SELL EURAUD= +84pips

Total pips gained today= +136pips
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For questions about forex trading mail me; brinegold(at)gmail(dot)com

Trade 4 is swimming in profits;

Buy AUDUSD now = + 50pips so moves stops to lock in some profits.
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sell EURAUD now is= + 83pips in profits so moves stops to lock in some profits.

Goodluck happy pipping.

anigold: Trade 4 buy Audusd now or buy audusd at 0.94307
stops= 44pips
targets=92pips

reason for trade; bullish signal formed on daily
risk 1% on this trade
==========================
sell euraud now or sell euraud at 1.44008
stops= 60pips
targets=130pips

reason for trade= bearish signal on daily.
Risk 1% here

SO WE ARE RISKING ONLY 2% on these trades.

Goodluck. Happy pipping.

Trade 4 updates=

sell euraud= +38pips in profits so move stops to breakeven.

Buy audusd= +16pips in profits moves stops to breakeven once price hits 25pips in profits.

==========================
For any questions on forex trading, contact me via email; brinegold(at)gmail(dot)com

Trade 4 buy Audusd now or buy audusd at 0.94307
stops= 44pips
targets=92pips

reason for trade; bullish signal formed on daily
risk 1% on this trade
==========================
sell euraud now or sell euraud at 1.44008
stops= 60pips
targets=130pips

reason for trade= bearish signal on daily.
Risk 1% here

SO WE ARE RISKING ONLY 2% on these trades.

Goodluck. Happy pipping.

Hello guys, happy new week. I hope you guys had a lovely weekend.

Today its seems we have just two likely trades.

1)AUDUSD; This pair is in a decent uptrend and price is about to form a bullish signal on daily just above 0.94000(a powerful psychological point),so if this forms we may likely buy this pair pushing price towards 0.95200(resistance point).

2) EURAUD; This pair is about forming a decent bearish signal on daily chart just below 1.44000(a decent round number), so if this scenario forms at the close of 'new york session' we may likely sell this pair pushing price towards 1.42000.

anigold: Trade 3 buy AUDusd now or buy audusd at 0.93830
stops= 48pips

targets= 100pips

reason for trade; bullish signal formed.
Risk only 1% on this trade.
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buy GBPusd now or buy GBPusd at 1.62210
stops= 48pips
targets= 100pips
reason for trade= bullish signal formed.
Risk 1% on this trade.

SO WE ARE RISKING ONLY 2% on these trades.

Goodluck.

hello am Out with 70pips profits via 'BUY AUDUSD' happy weekend ,let me go have some fun with my family.

For any question about forex trading mail me; brinegold(at)gmail(dot)com

anigold: Trade 3 buy AUDusd now or buy audusd at 0.93830
stops= 48pips

targets= 100pips

reason for trade; bullish signal formed.
Risk only 1% on this trade.
=========================
buy GBPusd now or buy GBPusd at 1.62210
stops= 48pips
targets= 100pips
reason for trade= bullish signal formed.
Risk 1% on this trade.

SO WE ARE RISKING ONLY 2% on these trades.

Goodluck.

If you were stopped out at breakeven on buy gbpusd via trade 26(i was stopped out at breakeven too). The market has move up to our initial entry(cos of the news) so you can go long on gbpusd now putting stops= 48pips, targets= 100pips. Please risk 1% here since our audusd buy trade is still in progress.

anigold: hello guys theres a ''GBP(british pounds)news report'l coming out at 9;28 AM GMT+1 time so once price move into some decent profits move stops to breakeven, if the GBPusd buy trade is still in negative reduce your stoploss point to 0.5% risk to minimize losses if news moves against our position

i have been stopped out at breakeven on the last ''buy gbpusd'' trade few hours ago. Am still in the buy audusd trade. Happy pipping

anigold: Trade 3 buy AUDusd now or buy audusd at 0.93830
stops= 48pips

targets= 100pips

reason for trade; bullish signal formed.
Risk only 1% on this trade.
=========================
buy GBPusd now or buy GBPusd at 1.62210
stops= 48pips
targets= 100pips
reason for trade= bullish signal formed.
Risk 1% on this trade.

SO WE ARE RISKING ONLY 2% on these trades.

Goodluck.

hello guys theres a ''GBP(british pounds)news report'l coming out at 9;28 AM GMT+1 time so once price move into some decent profits move stops to breakeven, if the GBPusd buy trade is still in negative reduce your stoploss point to 0.5% risk to minimize losses if news moves against our position

Trade 3 buy AUDusd now or buy audusd at 0.93830
stops= 48pips

targets= 100pips

reason for trade; bullish signal formed.
Risk only 1% on this trade.
=========================
buy GBPusd now or buy GBPusd at 1.62210
stops= 48pips
targets= 100pips
reason for trade= bullish signal formed.
Risk 1% on this trade.

SO WE ARE RISKING ONLY 2% on these trades.

Goodluck.