₦airaland Forum

just took short on GU,EU,AUDUSD,EJ, GJ short still running and lond on USDCHF. all with 50pips sto loss each. lets how they play out

good morning guys.my first trade of the week. short GJ with 50pips SL

[quote author=oke_chukwu link=topic=800194.msg9781307#msg9781307 date=1324070549]forex trading ,who will educate me.Is it through that someone can trade forex for someother person and profit shared based on agreement?[/quote]u never even know the biz, u don dey think how to manage money for people. u get me laughing in pidgin english

Concept:
EU ~ Long & 1.32 is most likely next week.

Concept:
EU ~ Long & 1.32 is most likely next week.

maybe maybe not. thats my only weakness. i dont anticipate where market is going, i only try to understand what the market is doing at a particular time.

beejaay:
bros that myt be too early. y not wait till it get to 1.3002 if u ever gonna buy?? and that price u mentioned 1.31x i dont think we are gonna see that again this month so i would nt even there think about it. just my own observation sha

just as expected

beejaay:
already out of it at -8pips (i dont consider this a loss). the only funny one is AUDUSD the crazy pair just hit my 50pips stoploss (should av exited it at -25pips but stayed on). no hard feeling. usdchf is climbing up and paying me back the loss on au

just bought EU(rejection of 61.8%fib level of the last move),AUDUSD (rejection of 61.8%fib level of the last move)again, and currently considering GU(rejection of 50%fib level of the last move)

Concept:
Still on EU long.

already out of it at -8pips (i dont consider this a loss). the only funny one is AUDUSD the crazy pair just hit my 50pips stoploss (should av exited it at -25pips but stayed on). no hard feeling. usdchf is climbing up and paying me back the loss on au

just bougth EU. market condition don change for my end.

Concept:
I trade with marketiva & they do not have trailing stop.

u need to move away from aving a fixed stoploss and take profit. try and allow the market to determine the profit u work away with and the stoploss u are going to put. if u are trading with market sentiment, there is no way u will have fixed stoploss and take profit. try and read through kelly's formular for trade management. it helped me understand how i manage my loss and my lot plus my profit. just trying to share wat i know, it myt be useless to u though (mean no offence). and again bros if marketiva dey dull ur hand move to a better broker

Concept:
Thanks @honeric01 & @fluting
My stop is always 15 pips when my TP starts from 70 pips, can u see now that whenever I am wrong the risk is minute. The market has been in range for a while though I like to swing but this time around I have no other option than to scalp the life out of this thing, I tell you a lot of anxiety.

bros do u av a fixed stop loss and take profit for all ur trade??

Concept:
Do not be too sure guys, meet me at 1.32 next week.

you are right bros.  am not really a price person, i dont look for where price is going, i only do wat the market is doing but will follow it to wherever its going to, be it up or down but with am seeing across board something wicked is gonna happen soon (may be little consolidation first then kaboom or kapuch). this last december is gonna be sweet, holiday traders are gonna miss and scalpers withous stoploss are gonna get burnt

Concept:
EU ~Buying now from 1.3025 meet at 1.309 or 1.31x

bros that myt be too early. y not wait till it get to 1.3002 if u ever gonna buy?? and that price u mentioned 1.31x i dont think we are gonna see that again this month so i would nt even there think about it. just my own observation sha

honeric01:
too bad i didn't short on ej and gu, only on eu.

the short was not confirmed on GU but EJ yes cos i took that short too

no more buying for now on EU for me. PA don break all my almighty MAs. let me the reaction at 1.3002 for any long consideration if not sell all the way

odiaero:
Buying EU and GU for scalping

we are on different side now bro. closed all my intra day buying at 1.3066.wanted to sell there but was not convince enough. only took usdchf lond at the close of last hour candle (rejection of 200EMA) and also GJ (at hte rejection of 200EMA). my long on GU is in red with 12pip (i know i will probably lose that trade. hvae my stop at 30ips. the price cldnt get to 200EMA for my short there also)

we don reach bus stop? never never

beejaay:
no basis 4 retracement yet.yes it cld hapen cos its forex and anytin can hapen bt technicaly no way. No swing has been created on d major tf to serve as ralyin point 4 fib drawin.as u and i knw dt fib cant b effective witout presence of swing.may b fundi wise bt techniclly no reason 2 buy yet.wld rather b looking 4 more reason to sell.sell all d rally bt wit serious caution cos d market is most likely in d exchaustive phase temporarily. Just my own view

beejaay:
no basis 4 retracement yet.yes it cld hapen cos its forex and anytin can hapen bt technicaly no way. No swing has been created on d major tf to serve as ralyin point 4 fib drawin.as u and i knw dt fib cant b effective witout presence of swing.may b fundi wise bt techniclly no reason 2 buy yet.wld rather b looking 4 more reason to sell.sell all d rally bt wit serious caution cos d market is most likely in d exchaustive phase temporarily. Just my own view

also fib extension is best use 4 profit taking and never advised 4 taking trades unless u are a very aggressive risk taker.

JAkpayen:
gbp/usd retracement

JAkpayen:
eur/usd retracement

no basis 4 retracement yet.yes it cld hapen cos its forex and anytin can hapen bt technicaly no way. No swing has been created on d major tf to serve as ralyin point 4 fib drawin.as u and i knw dt fib cant b effective witout presence of swing.may b fundi wise bt techniclly no reason 2 buy yet.wld rather b looking 4 more reason to sell.sell all d rally bt wit serious caution cos d market is most likely in d exchaustive phase temporarily. Just my own view

odiaero:
Selling GU

on the same page but me add gj join. been in both since 11pm last nyt. locked in though at BE+1 each

aguiyi:
thought am the only one seeing that oo

was in on eu, audusd usdchf and ej from day 5 of this month base on 4hr tf but with a very small lot though. eu is 400pips and counting, chf is 200pips and counting, audusd is 200pips and counting. though this is on a special account devoted for higher time frame trade risking only 2% account. its being good month on both lower and higher time frame. made more this month (my playing month which is why am on nairaland) than some months combined. keep it coming

Concept:
More than 30pips pal. EU in 1.28 most likely today.

locked it at BE+5 on eu and audusd. while gj is begining to cooperate. lets go there. sweet sweet month. a one directional market movement on 4hrs accross board.

aguiyi:
avoidable problem . i wouldnt trade any pair that is not eu or gu after now, it helps me concentrate

GBPJPY is one of my favorite. have 3 running trades on the pair. one from 121.59 (61.8% retracement move from 122.22 down to 120.699) and another at 121.35 (rejection of my custom MA squeeze) and the last one at the rejection of 55ema 120.8. so two in the green and one in minor red. all stop at 121.20

beejaay:
bros u can hold on to it a little longer. i would rather suggest u close partial trade. i just added to my short on eu,gu,gj,audusd at the close of last hour candle and all my stop directly above the last hour candle. looking to lock it in once they all give me 30pips each.

out of gu with that wierld candle close.eu, audusd is running well and gj in the red

aguiyi:
i dont want to be greedy abeg, let me hold on a little and be sure

yeah its important.

aguiyi:
am closing all my sell for now, 1.3000 is a major surport level

bros u can hold on to it a little longer. i would rather suggest u close partial trade. i just added to my short on eu,gu,gj,audusd at the close of last hour candle and all my stop directly above the last hour candle. looking to lock it in once they all give me 30pips each.

Zeddicus:
Getting strong signals to short EURAUD. Just scared of it being at an all time low.

bros una dey try ooo. i no dey even near all this pairs. i only trade the majors and maybe EurJpy and GbpJpy because of their liquidity and the calibre of participant

aguiyi:
then am in for a sweet ride

thirded

are we there yet??ej,audusd,gj keep it coming pls. am not greedy 100pips on a single candle is enough for me

Concept:
EU ~ Long @your own risk it is saying.

ehehehehe long wetin bros?? checkout 4hr and daily tf, the coast is clear. any speculating buy now is clear gambling

am loving this. wonderful movement accross board

keni:
^^^^ The cabal/mafia being refered to in that article will cause the same thing to happen on any platform so if you check ten different platforms you would probably see the same thing while not noticing what they do. Frankly speaking if dont trade with stoploss and ready to monitor your trades, nothing spoil

brother trade for 6 years and come back here to tell me that stoploss is not important if u are watching your chart. bros did u know the importance of stoploss stoploss is not just to limit your loss but it means u have ultimately accepted whatever comes out of a particular trade knowing well enough that the art of trading is never a certain business and therefore anything can happen. there is a big difference between taking risk and accepting risk. every forex trader will categorize him/herself as a risk taker but the truth less than 5% are truly accepting the risk. trading success will never come until u truly accept the risk practically in the biz.
i used to trade the same way u mentioned in your post but it has not taken me anywhere. i would enter a trade and put a mental stop loss but the reality will struck me when the market gets to my mental stoploss, at that point my human instinct will kick in and i will start debating whether to exit or not and most times start looking for reasons why i shd hold to the trade (and according to human nature, i will definitely see what i want to see on the chart if i look well but will certainly not be what the market is looking like)

keni:
^^^^ The cabal/mafia being refered to in that article will cause the same thing to happen on any platform so if you check ten different platforms you would probably see the same thing while not noticing what they do. Frankly speaking if dont trade with SL and ready to monitor your trades, nothing spoil

brother trade for 6 years and come back here to tell me that stoploss is not important if u are watching ur chart. bros did u know the important of stoploss stoploss is not just to limit your loss but it means u have ultimately accepted whatever comes out of a particular trade knowing well enough that the art of trading is never a certain business and therefore anything can happen. there is a big difference between taking risk and accepting risk. every forex trader will categorize him/herself as a risk taker but the truth less than 5% are truly accepting the risk. trading forex will never come until u truly accept the risk practically in the biz.
i used to trade the same way u mentioned in ur post but it has not taken me anywhere. i would enter a trade and put a mental stop loss but the reality will struck me when the market gets to my mental stoploss, at that point my human instinct will kick in and i will start debating whether to exit or not and most times start looking for reasons why i shd hold to the trade (and according to human nature, i will definitely see what i want to see on the chart if i look well but will certainly not be what the market is looking like)