₦airaland Forum

aguiyi:
forex is game of numbers not candles, i bet to disagree with you on this except i see a reason to think otherwise however, your earlier post makes sense

yes fore.x is a game of number and candles are also numbers represented by solid shape. remember if u are looking at 5mintf it means each candle represent 5minutes or 300seconds while one hour candle represent 6ominutes or 3600seconds. also remember all numbers are a function of time. which is why news are a released at some particular predetermined type, which is why terrorist choose particular time to strike. which is why the on-exchange houses have opening trading time and closing time. everything that happen during the candle time is regarded as noise by the off pit informed traders. bros av u ever noticed a candle moved 200pips and shield all that pips about 50seconds to the close of it?
any all the above are just my own experience in the market and therefore not a rule. fore.x is a game that has no rule or particular way of trading it

beejaay:
as a rule of thumb i dont ever take a buy when the PA is kinda far from SMA5,10,26,34 unless am using other technical toos like fib, trendline, S/R or price patterns which are not indicator based. by doing this i reduce my loss risk by more than 50%. these are not really trading system but concept that can be employed when making our trading system robust. this i just shared is the outcome of my personal experience after so many failure years of trading (though am still failing but with quality improvement. will certainly get there someday)

another rule of thumb. when signal is based on indicators, i dont ever buy on a close of bear candle and will never sell on a close of bull candle. i buy only when a close candle is bull and sell only when a close candle is bear. and also i dont ever enter any trade unless candle closes. this is also not a trading system but concept that can be employed in making our system efficient

Concept:
Thanks just added to my tools especially the concept behind it.

as a rule of thumb i dont ever take a buy when the PA is kinda far from SMA5,10,26,34 unless am using other technical toos like fib, trendline, S/R or price patterns which are not indicator based. by doing this i reduce my loss risk by more than 50%. these are not really trading system but concept that can be employed when making our trading system robust. this i just shared is the outcome of my personal experience after so many failure years of trading (though am still failing but with quality improvement. will certainly get there someday)

unclenna:
1.337x  is the best region to enter eu for long. Enter b4 we fly.

you are spot on bro. 61.8%fib of the last up move just got rejected last hour. took a buy around that region to with a 50pips stoploss which will be managed later. meanwhile my sell from from the 61.8% fib level of the down move before is still running. the same thing just happened on eurjpy also

Concept:
I do not know how u do your thing but it makes sense.

price dont move far away from smaller moving averages and also clear trend can never be created if smaller EMAs are below high number EMAs and currenctly ema8 is below ema55 and ema200 while ema55 is also below ema200. no matter how fast the price move when smaller is below higher number ema it will most certainly return back to its original point. this i just shared is used by the informed traders to gauge inefficiency of market movement. i just wished to share this little secret (not a secret per say if u already know it)

just took a buy AUDUSD. hope i didnt get bitten this tym around. just 30pips stop loss and targetting whatever the market give

odiaero:
GU dey show power

bros e go hard for that GU pair to go up. there are plenty of soldiers against its going up. looking at my chart all i can see is down first to gain more power if it ever gonna go up. with the current tempo my chart says no way, there is just too many confluence against the bull (50%fib of the last move, 55EMA, 200EMA,26SMA,8EMA and a diagonal trendline all meeting at the same spot) but again this is me talking, the market can say something else

odiaero:
GU dey show power

bros e go hard for that GU pair to go up. there are plenty of soldiers against its going up. looking at my chart all i can see is down first to gain more power if it ever gonna go up. with the current tempo my chart says no way, there is just too many confluence against the bull (50%fib of the last move, 55EMA, 200EMA,26SMA,8EMA and a diagonal trendline all meeting at the same spot) but again this is me talking, the market can say something else

blomb blast rock kaduna city this morning 'ori apata in kaduna' dont knw d casualty rate yet

Concept:
Living as traders, you will meet absolutely different, occasionally fantastic traders, who will try to prove to you, that some way of analysis (likely that they use themselves) is a best. You will meet fans as technical analysis as fundamental, may be even other types of analysis that we do not even know (moon cycles). Don’t be confused by these one-sided enthusiasts. No one type of analysis is better than the other. They are just a possibility to look at the market from three different points( sentiment, technical & fundamental), and you will get 3D-picture, instead of 2-D, or even 1-D (If it’s possible at all!). Although, that is what we call a rule, most traders pick some type of analysis as their primary one, because it gives best results or is most suitable for their particular way of trading and some go beyond primary to secondary types. Trade anyhow get result.

seconded! All route lead to heaven if used and understood very well.in this biz all we need is an edge which can be gotten from any mode of analysis

beejaay:
yeepaa my stop loss about to be triggered on audusd sell this morning. i will se what will happen 20pips to the stoploss of 50pips.

stop loss taken out. two straight losing trade on audusd. damn it

yeepaa my stop loss about to be triggered on audusd sell this morning. i will se what will happen 20pips to the stoploss of 50pips.

Mc Milan:
"to go short, crawl under a table

to go long, climb an iroko tree "

Naa waa 4 uu sef!!!

I'm serious I need some coaching plezzzz.

bros if u really wanna learn, start playing with moving averages and fib alone. study up on moving averages and fib plus a little bit of candle and price patterns. continue doing that for 2 to 3 years and trust me u will come back to thank me

Concept:
No comment now because forex is the one that turns diviner to fool. 'Abiku to so ologun deke'

bros one doesnt have to be a diviner or a fool trading, all we need is to be a trader. as a trader i dont give a damn about being right or wrong, cos i know i will so many times and will be right maybe a few times. i dont trade to be called a hero of speculation, i trade to make money so if win great and if i lose sweet. the end justify the means

chf is playing out as expected added to long at 0.9240 lets see what the market will bring. EU is also playing as expected a strong rejection on the EMA confluence playing with a short there too.AUDUSD will sweet to short to if the current candle should close belowEMA55 and EMA8 for a temporary stop at EMA200 provided there is no big deviation from them. missed the ride on EJ as i wasnt on my system and i dont do pending order. GU also give a very valid signal when it got rejected at the EMA confluence also though didnt take the trade cos i hate the pair. may the pips be with us all

am loving this

are we there yet?pls enjoy d pips whenever it comes

naijababe:
Annoyingly testy day today   Don't know about y'all selling the EU, if i was going to trade the EU, it'll be a buy. There's a support at 1.336x area and the last candle on the weekly is an inverted hammer.

If you want to short it, then you need to wait for a break of 13200 on say the 4hr chart which should give you a nice long ride to 12400.  This week, no currencies for me, the Dow and i have a date and i hope to be the one rap/ing it and not the other way around  

the last candle on the weekly is an inside bar candle and being an inverted hammer doesnt really have much significance cos of where it formed. looking at the weekly i see it touching 1.31589 first before any other thing but again this is fore.x anything can happen at any moment
on the 4hrs the ground is already set for the kaboom. i have already stake some dough to that effect unless am reading my chart upside down.
and madam i have thinking about joining the equity trading, but i have been skeptical about the fact that its being traded on-exchange which gives room for inside trading. please whats your experience so far?

honeric01:
I can see GU selling to 1.5550 or lower. as for EU, looks like it has gotten to a price where it's likely to head back up.

i dont see the pair going back up yet, maybe a little retrace back to the confluence zone of EMA55,EMA200 and SMA26 which happen to fall within the zone of 38.2%fib level. but this is fore.x anything can happen at any moment and as for GU a wonderful sell myt be out if the londoners could push it up to test EMA55 without a close above it.
just my chart talking anyway

[quote author=pip love-vendor link=topic=800194.msg9699551#msg9699551 date=1323103184]You are buying Usdchf. . . .really?. . . .hope you are trading the 5min time frame 'cause that is some serious gamble.[/quote]you are funny. wat do u know about gambling? do u know what am looking at or u know my yardstick for trading? and for you information i dont trade to take 20 or 30pips, i trade to take minimum of 100pips depending on the reality of the moment. let me give you small heads up. there is a confluence of resistance at that point. there is 38.2%fib level and also 200EMA that got rejected, CCI55 has not yet penetrated zero zone. i dont trade to win or be ryt, i trade what i see on my chart not your chart or anyones chart. if i win the trade fine and if i dont another tym will come, thats why i have my stoploss in place so please brother dont tell me am gambling again

tonjoan:
It is loads of money that makes a man extra happy. Just send me 90% of the money o.

bros the happiness no come from fore.x oooo. i dont get happy neither do i get sad trading. its just like evryother biz to me. happiness during trading bring overtrading and greediness while being sad while trading only bring fear and more greediness

cristog120:
lets watch out

abi ooo there is so much point for EU to clear to get to that point.price can only steep higher if the pa can continue staying above 200EMA and 55EMA or maybe somethin happens from the news arena. just added to my long on USDCHF on the close above 200EMA

Concept:
@tonjoan when you see such comment, u don't react, somebody that is honest with himself will learn from what he sees, like I did when @honeric warned me. Although mine was like jumping before the market because it eventually did but it is always good to check others out when they are affirmative on a subject.

bros all i was saying was that what i was seeing was different from urs and just hoping i could see the same.
i have posted so much today already and not really a typing type. guess i have so much free time and may be am kinda extra happy

JAkpayen:
The bullishness in Euro maybe traced to the EU Summit for Thursday & Friday were a positive outcome is expected to resolve the debt impasse but we should not also forget that RBA is likely to cut interest rate tomorrow which may make EU become bearish in the short-term due to correlation. Please let's factor this into our trading plan. I remain bearish in the short-term.

i wont even consider buying until i see a clear hourly close above the 61.8%fib level from the last move down from 1.35490 to 1.33626. though am in both both long and short at the moment just that i favour short more 60/40

tonjoan:
EU is clearly on the upward on daily and 4hr but still downward on the weekly. Generally, the charts are beginning to give us the typical december thinning out.

EU is clearly bearish strong on the daily weekly. i dont know how u guys look at your chat. yesterday an intraday buy was generated when price fail to close below 61.8%fi of the move up from 1.32588 to 1.35490 ( took a buy there and still holding it with my stoploss at BE+1 and just shorted at the close of last hourly candle with stop loss 5pips above the high of today move). i dont know how u guys view it but all i know is that u cant trade intraday with weekly chart and daily chart (may be some occasional time). the highest u can use to gauge the strength of the market intraday is 4hrs. looking at the daily its easier for PA to get to 1.31655 first. its just my chart talking and i know i have been wrong for more than a million times

Concept:
This how my 4hr chart looks, the reason why I will agree with @ pip love-vendor of EU reaching 1.39xx or 1.40xx before selling again.

u guys need to av ur stoploss in place if u are long.this EU of a pair is drifting down. the last hour candle rejected the previous close above 50%fib of the last down move from 1.35490 to 133626. and CCI55 is showing downward momentum.

Concept:
EU ~ @1.351x possible, I believe with the movement today. It may eventually get to 1.362x but 1.351x looks more probable.

looking at the heat map from my end. the bear have got more potential than the bull atm. there is so much hurdle for EU to overcome on its way up. 50% and 61.8%fib is yet to be taken out on the hourly. and there is also confluence on price action at the 50% and 61.8% fib. i will only start considering buying dip if the hourly break and close above 61.8%fib and provided that price sit comfortably above cci55. i will add small short if the pa fail to close above hourly 50%fib.
just my 2cent anyway

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expert555:
@Reni

I think you are a fool if you don't have anything to say is best you short your dam mount. In any democracy the only institutions that is allowed to close any institution is the law court. Except in a case of emergency where the constitution allowed a constitutionally appointed administrator the power to close institutions down for national security. This is a case of DPO waving the white flag before B' haram does anything. In retrospect the DPO may not even be christianphobia but a case of where there is no leadership, no sense of nationality or dam right not having enough IQ to run a country. The President is hiding from B'haram which security service man and woman want to risk his/her neck. The President is even afraid to condemn their act. The country do not have leader, period. Lets bring the British back to rule us. You heard the Pope begging African leaders not to 'rob the people's hope'. This is no joke people European and Americans are disguistedl at the rate of theft of the continent treasury. In most cases other African counties do not have much but Nigeria have a lot. But your leaders have thief them all in the name of democracy dividend. When your oil money runs-out in 50 years time, you will eat sand. BYE BYE

are u this stu.pid? must you hit ur keyboar?? please try and re read what u posted and see if it makes sense.please for God sake how old are u?

she looks like musu 'ologbo iya agba' mshewwwwwwwwwwww rubbishhhhhhhhhhhhhhhhhhhhhhh

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