₦airaland Forum

Akwasi:
this is not true

y did u say so? The news is everywhere.am in sabon gari kano ryt nw,i just dnt knw y d news have nt carried it yet but its a fact.may God save us all

fresh bomb blast just rocked the city of kano around rigiya zaki area with scores of lifes lost

i just heard there is bomb blast around NNPC building otoro in kano state. i just hope this is not true.anyone heard about it too

FXKing2012:
You dont make calls cos u have no calls to make, or more like you have no balls to make the calls.

thank u and mayb u will teach me how to.am nt a talker bt a doer,and definitely dnt av any statement to make as per my market knwledge.

morenaira:
then you place resistance trade again.  king style

JAkpayen:
What if the price hit 1.3330 as a strong resistance, what will be the next line of action?

JAkpayen:
What if the price hit 1.3330 as a strong resistance, what will be the next line of action?

u guys are bad.no need to show him hw silly his method is since he his the turtle of ur time.he will once he blow up some accts as a result of hedging.king style indeed LWkm

FXKing2012:
Ok, watz wt the harsh words? Why is ur blood hot? My opinion was not even abt ur call so watz ur headache abt it? If u are frustrated due to the irrationality of the market, I can assure u I'm not the one to take it out on.

u cn nt even talk abt my opinion and for d record i dnt give calls,i only give my feel of the market.and bros d irrationality of the market is what i love most cos i make lots of it.av u ever hear of randomness? Forex is a random market and thus d irrationality is spot on.this thread is a matured and people dnt fall prey again

FXKing2012:
I really wonder what your problem  is, you just cant seem to stop being a crybaby. Who took your feeding bottle?

Pls I wasnt condemning him, I was only voicing my opinion that the timing wasnt right and that 25pips SL is too close and not safe. It was only an advice which I expect him to heed.

u expect him to heed?y wld u expect that?if i ask u to put ur hand inside fire will u do it?u can give ur opinion bt u shd knw its an opinion nt fact.in forex all man for his own and God for us all

FXKing2012:
Pls name one. I'm yet to end a day in a loss and I'm yet to see anyone who is bold enough to be as specific as I've been in terms of timing. I think u have complex issues.

u are so funny bro.pls re-read ur post and tel me its nt funi.who cares whether u end a day in loss or nt?and has d time to b fightin u over accuracy issue!bros grow and knw dt forex is nt a competition.if u make then good 4 u and if u dnt its non our business.this is an anonymous forum,i dont knw u,u dnt knw me and i dnt even wanna knw u.

beejaay:
bros noone is wrong trading forex. wat u are looking at might be different from what am looking at. our expectation on trades are different and the time we trade in differs.its possible that two traders take different side on a trade and end up both making profit on their trade. no one is wrong or right in this business cos we all playing our edge.and stop loss placing also depends on our edges

the best you could av done is giving your reason why u think the timing is not favourable to u by backing it up with what u are seeing instead of outright condemning of one action

odiaero:
LWKMD @ FXKing correcting and telling Concept how wrong he was

@ Topic, are we there yet?

bros its not his fault. he just seems carried away in the euphoria of moment forgetting that there is nothing like being wrong or right in this our business.we only profit from our edge over a long list of sample trades not just one or two trades

FXKing2012:
Sorry bro, u lost it. Your timing was very wrong and 25pips is scarcely safe enough to place the SL.

bros noone is wrong trading forex. wat u are looking at might be different from what am looking at. our expectation on trades are different and the time we trade in differs.its possible that two traders take different side on a trade and end up both making profit on their trade. no one is wrong or right in this business cos we all playing our edge.and stop loss placing also depends on our edges

honeric01:
Maybe you \do not know the power of knowledge contained on that site, i repeat, for a starter, he needs to visit that site. what i needs is the basic foundation of forex trading before any book on psychology e.t.c.

I was self taught by that site in 2006/2008

you are probably right. what work for you might not necessarily work for me.we have different mindset and therefore follow different learning curve.am just talking base on my own experience which is not universal.all the best to all new and experience traders

honeric01:
For a starter, he needs to visit that site.

and sincerely bros what is he going to learn there?candles,bar,indicators,resistance and support,market type,and trading style. which new trader will read these stuff without being tempted to explore it further?am not of the opinion that a new trader should start with something that have 30% relevance.am not against a new starter visiting that site but it shouldnt be the priority when just starting out

naijababe:
Life changing book, my trading would never have been the same without this book

i have read that book more than 5 times and am still not satisfied. the book is not only applicable in the trading world but to every other things around us.

honeric01:
babypips would do the magic,  that site cant be replaced,

i use to be a fan of babypips but that have since changed. forex is 70%psychological and 30% analysis so why would anyone start with the 30% learning instead of the 70%. if the mind can be mastered and made dynamic then success is surely guarantee even with mediocre analysis.babypips is only very good after the first phase have been learnt else forex rat race will be inevitable.am one good son a bitchh technical analyst right from the get go but mind was not prepared psychologically thereby blowing different high number accounts not until i found these books especially Trading in the zone. i will give that book to my sons and daughters as their 10th year birthday gift if i ever have one.please if there is any wanna be trader in the house my candid advice is dont disturb yourself learning the technical jargons first, immerse urself in learning psychological dimension to trading before learning market movement.
just my own view anyway and i think am entitled to it to which i might be very wrong

3RNEST:
>> can anyon volunteer to teach me forex? i need to learn dis thinq

you wanna learn forex? close your laptop and buy a book title TRADING IN THE ZONE.after you are through with the reading then i can be available so that both of us can discuss what u read and build ur knowledge base on what u find out. u dont know forex by being coached but by personal quest.that book is the best book that i have read in along time both about trading and life generally followed by Trading Chaos by bill william and The New Market wizard. if you can read these 3 books then i bet ur learning curve will 300% sharper than what i have learnt over 4 years

honeric01:
i don't think its okay to short eu now,  1.33 is lurking,  for gu, 1.593x at least.

u are right but the sword is too damning to ignore not to act on and besides the timing of the formation is also supporting the short. the candle formed around the close london session which might eventually trigger retracement or sideways movement at best. you and i know that taking a trade av to be  based on the principle and process and not on gut feelings or mind convenience.i appreciate your view thanks.

i have my stoploss in place incase am not favoured risking only 30% of my gain today

Kobojunkie:
Again more ramblings . . . . what in the world are you going on about now? Did you bother to read up on the conversation BEFORE JUMPING IN? OPEN YOUR FREAKING EYES and READ to understand what the conversation is about, before jumping in to include yourself.

my bad. am sorry i didnt see that part. i was carried away with following message and with the mind effect of the blast.

just took a short on eu and long on usdchf because of the sword candle form on the hourly chart with 50pips sl. already took 80% profit of the running profitable trade on both pairs

Kobojunkie:
Now I definitely have to ask what the Frell you are ranting about. Are you even sure why the question was asked to begin with??

your problem is that u are always obsessed with source even when people are given you on the ground confirmation. nigeria is not the west where news dont usually get bought. majority of kaduna news got bought off by the government.i dont av any issue with you but raise my eyebrow when u are also rejecting the confirmation from saharareporter which prompted my post

[quote author=camry-2008 link=topic=865040.msg10143522#msg10143522 date=1328631935]All Muslims are not Terrorist but all terrorist are Muslim (Religion of Peace indeed) [/quote]whose interest is this ur post suppose to serve??u are just trying hard to mock muslim which wont do u any favour.please grow up and talk maturely

Kobojunkie:
ok with what? 

madam kobojunkie u better leave ur rant of police and army confirmation. am in kaduna about 3km from the blast and i can confirm it for you that its real. everywhere is full with army officials causing serious holdup everywhere.the car was even siena car inside the naval base

piphunter:
if the euro is spiking it will drive the gu as its a risk on situation for the euro at the moment. risk on for euro= weak dolar

odiaero:
^^ From what am seeing on my chart, it will go up

you guys are right i just dont like joining trade in the middle. already took 50%profit at 100pips each on eu and usdchf

odiaero:
Buy GU at current price

bros whats justifying that buy? the train has long gone.please i will like to know what you are looking at for that long call cos as far as am concern the train do move tey tey and chasing trade is not advisable as u train us odiaero

nolly042:
can anyone explain to me what has happened to this currency

bros am not a fundamental person but technically the handwriting has been on the wall and any average technical analyst should be able to pick it up easily.speculating trading is all about profiting from price imperfection and not about being right or knowing market direction

aguiyi:
buy gu @ mkt price 1.5793

beejaay:
long set up is not yet complete from my side bro. it will be wonderful if u can wait till u see how the pa react at 50fib level and 61.8fib level if 50fib got breached.just my 2cent though.the PA is currently at 38.2fib level which is not so reliable fib level to trade with any time

aguiyi ur long is on spot. i was blindfolded with the fib that i lost the presence of damning presence of other tools that back it. there was a confluence of quite number of technical tools at that point. PA fail to close below 55EMA which happen to coincide with the 38.2fib thereby giving it more credence and also a diagonal trendline cutting through the lower base of the last low. i missed this trade and it pains.the pending i set at the 50%fib level got missed by few pips.another time will come

aguiyi:
am tempted to believe you didnt take that sell bro, buy is the way to go on this one, check your 4h and daily charts

am with you on this one. no sell or buy at the moment. the last hourly candle is without any tangible information as it formed in the middle of no where. if it were to be bull long would av been the way to go and if bear candle then sitting on the sideline would av been appropriate.

FXKing2012:
Buy eur/usd now at 1.3100 wt SL at 1.3050. Then support trade.

i just bought too at the close of the hourly candle which got rejected at 50%fib level.we might still see a temporary run down to the 61.8fib level where i might add to the trade if got rejected there also. i also too a short on usdchf at the clear rejection of 61.8fib level of the current move down, we might however see a run up to complete the second arm of the about to form H&S

FXKing2012:
Buy eur/usd now at 1.3100 wt SL at 1.3050. Then support trade.

bros u bought at a good price point which is the 50fib level of the current up move, am however on the sideline as the hourly candle is yet to close to confirm the rejection of the level.forex is all about benefiting from price imperfection. good one there bro

aguiyi:
buy gu @ mkt price 1.5793

long set up is not yet complete from my side bro. it will be wonderful if u can wait till u see how the pa react at 50fib level and 61.8fib level if 50fib got breached.just my 2cent though.the PA is currently at 38.2fib level which is not so reliable fib level to trade with any time

Are we there yetwhere is my guy Concept?

beejaay:
with the current market setup, i dont see the PA getting to that 1.5779 just yet, we might see a run up first as am not seeing the momentum needed to go to that price point.the parabola forming on the most MA crosses which is about to turn around with a single bull candle on the hourly and the comfort of PA above CCI and RSI turning upward is not gonna help the dip buying u are expecting.am also expecting PA around that point cos its the 61.8fib of the current run off. but this is forex and anything is possible. if the current hourly candle should close bull then am buying at the market price else we might see the PA going toward 50fib and 61.8fib but the momentum is not just showing yet, even the volumes are not showing it.

for me sellin optiom is on d downside.pa is above all the important EMAs(55.76.100.200.89).selin nw is in the middle of nowhere unless is at the resistance