₦airaland Forum

See an 80 pips movement in GJ in 3 secs! This is sick!!!!

@Stagger, the uptrend line I talked about on the GJ has been successfully broken down, and the 7am hourly candle has just closed below it. I think it's a free way now. Enjoy your ride bro!

^^^ah, I see. When I use to trade with indicators, MACD divergence used to be my best weapon in my arsenal. With that said, the levels of supports under the current market are just so much to be looking to such a level. There are so many other factors to consider than what the MACD signal says.

You know your system better than anyone else so you know better! In fact it may turn out that I be so wrong and Uchef falls like a rock before the end of tomorrow; it is forex for you!

About your forum ID in my earlier post, it was auto changed to love vendor. Hope you don't have a prob with that. Have a nice day. Cheers!!

@ All my students, I am sorry if you have not been able to receive my 2 daily lessons as usual. The reason the bullets have stopped coming in is that my autoresponder subscription I was using to mail the lessons for the month has expired.

The charge is usually $30 a month, and I have been financing the expenses from my Zenith Bank (Nigeria) Visa credit card so that you guys can have the lessons, but the problem is that the card is empty right now, and there is no way I can recharge it from Ghana; so the account has been suspended. I visited Zenith Bank here in Ghana, but was told I can't pay in from here.

I don't know if just 3 kind guys out of over 35 of you (those residing in naija of course) could take it upon your selves to pay in $10 each (about NGN 1650) so that I can resubscribe. I would have happily paid it out of my own cash as I have been doing, but for the distance. Just $30 and not even a cent more.

Those interested can reach me via email so that I will send the card details to you. Thanks in advance.

PS: a special, exclusive trade call of @ least 150 pips awaits such 3 people for their anticipated act. Its just a way of repaying the $10 + more $$ back. Good day.

@Pip love-vendor, I don't like doing this (challenging other traders' view of the market) but I will advise you re-analyse cos I don't think the 8810 level you are looking at is possible in the near term.

^^^Yeah that is rise. I am aware of the resistance line you speak of, but I am closing out cos of the plethora of supports on the 4 hrs chart that the pair would have to break through before it gets to my proposed TP; with more attention accorded to the uptrend line on the 4hr that I spoke of which has successfully held prices on all attempts.

Funny enough, I have been skipping JPY pairs for the whole of last month due to fear of the BOJ dudes intervening but decided to take a try on the trade call I gave cos it was too obvious. Back to "sidon look" position on the JPY crosses.

Conngrats to everyone who took the EU with me. We have just reached hit our 220 pips of TP; thanks to the market open gap.

BTW I have closed out my GJ trade @ BE and would advise anyone who took the position with me to do so. There is a pretty solid uptrend line on the 4hr chart I was oblivious of as @ when I did my entry analysis.

What a way to be ushered into October! Great month, week and day to everyone. Cheers!!!

We have now bagged 160 pips on the EU. You can now move your stops to breakeven to secure your profits. Just as I advised, you can as well take partial profits now and allow the rest run to TP.

Talk to you again when we get to Eldorado!!

^^^That is why you are a scalper.

@Frenchman, it is sad to know. I was away from my PC and my BB was dead. Baby sitting your trades  is a free ticket to emotional trading errors. Learn to set your trades and walk away; it saves!

Endeavour to leave the sell you position you have now. Should price move in my proposed direction, it will pay you well. Take care.

@Jak, thanks for the heads up.

@everyone who took the EU trade from Wednesday (and didn't close out due to fear of the bail out news from ystd) we have done 90 pips so far. The appropriate money management technique to apply now is to move our SL to BE (our entry) when price gets to 1.34200. If possible you can take partial profits of 150 pips there.

Good day guys!

@Frenchman, we could possibly see some bounce offs on the intraday chart should price reach there, but I believe it will break the level. Let us keep our fingers crossed though, as there is no sure thing in FOREX.

@Smith, from what the chart tells me, there is potential for a good down move, however, we should expect some disheartening retracements back into our entry. I have known the GJ pair to always do that. By the way, the most recent retrace on the 4 hour chart is a fight of some support level @ 119.10 if/when broken, would result in a heavy down pour of price to around 116.90.

Let's wait and see what happens.

^^^Here is the chart with the details that got me into the Gbp-Jpy sell position. The move has begun and I believe that we would reap some good harvest from this position.

Trade with care and don't risk too much.

Just sold Gbp-Jpy @ 119.95 with a 110 pips SL and a profit target of 300 pips. This is a near 1:3 and has a lot of factors supporting it. I will post my chart with more details later.

By the way, I got out of my AU trade from yesterday very early this morning 180 pips of profit; thanks to my trailing stop. Good luck guys.

I have done 130 pips on the intraday AU trade I took some 8 hours ago. Remaining 90 pips to hit my 220 pips profit target.

By the way, EU has formed a good sell setup. The setup tipping ♍e to this trade is a daily bearish pinbar formation showing rejection of a daily resistance line. I am taking this position with the following parameters:

Sell limit at 1.35826
SL @ 1.36920 (110 pips)
TP @ 1.33660 (216 pips)

Sorry that I can post my chart photo as usual; my laptop is not handy. Safe trading and good night.

Just went short the Aud_Usd for a 220 pips of profit. It was an intra day bearish pin off a daily resistance level on the 4 hours chart.

^^^^If you are still in the GU or EU I will advise that you come out at the current level as it has formed a sort of short pattern that could see it go down. Thank you.

honeric01:
Bigicon, nice one, seems the mood in Europe is very lively and your TP is looking reachable, do you still believe in your TP or you are having a "doubt"?

Bro< my TP is still very much in place, my chart tells me so. Enjoy the ride!

^^^cos 1.3480 is a logical place price could reach before bouncing back up.

For everyone who took the entry, please re-adjust by bringing down your TP to around 1.3790 region for a TP of 300 pips only. Very important!

Take care!!

^^^^^Sorry, the SL size should be 130 pips and not 140. Take note. Good morning and have a nice trading day!

Good evening y'all. I am here with a trade call for the week.

This is going to be my 3rd trade for the month and I am hoping it goes fine. The trade, although counter to the dominant down trend, is a pretty well formed one, and should it form will give a 360 pips of profit.

The signal to go long is a bullish pinbar that has formed off a core support on the daily chart of the pair. The entry details are as shown in the chart attached. However, I want to point out that it just might take forever for the pair to move to our TP given the present condition of the market.

Be sure to set your SL appropriately and apply strict money management. Please don't risk what you can't afford to lose on this trade.

Safe trading and good night!

Nice trading day today. Just as I feared, the Silver trade didn't move up to my proposed limit entry, but I was proactive enough to follow my plan B;  enter at the break of the low of the candle.

I have come out of the position with a 230 pips profit. Sorry to those who couldn't get a nice ride down cos of the failure of price to retrace to my limit entry level from my call ystd. On the flip side, congrats to those who banked in good profits from the mega move down today.

I want to utilise this opportunity to reiterate the point that trading pure price action strategies would always give you the focal advantage of picking the beginning of large moves. As you can see, after the bearish pinbar formed from last night, a large crash followed.

Now, I am in no way insinuating that trading off indicator based systems is wrong or unprofitable, but if you were HEAVILY relying on indicators, probably your MACD or RSI would have been telling you a diff story; most likely one or both of them would have been already indicating and oversold condition, robbing you the opportunity of spotting and taking the silver trade.

Also, I want to point out that trading off the daily chart could seem boring cos of the long wait you are subjected to before a nice signal forms, but the brighter side is that when one shows up, it pays off big time for the patience.  You can see that we banked 230 pips from just a day of trading the silver position. Also, you can see Zeddicus reporting a 700+ pips position. It is all in the dailies! Also, you have the advantage of a higher accuracy rate from the dailiies.

That is it for tonight. Till our next profitable trade, good bye and safe trading! Good night!

^^^Nice one Zeddicus, I must say that I am proud of you. Of late I have been receiving some awesome testimonial emails and msgs on BBM, and I must say that it gladdens my heart and gives me that feeling of fulfilment. My dreams of helping lost traders find their path on no fee is finally coming to fruition.

Good a thing you have closed out half lot size, giving you a free ride. Be sure to also trail your SL accordingly as BOJ might act anytime. Keep being disciplined with your trading, and you will keep having more reasons to smile.

Take care and good night!
reasons to smile.

Take care and good night!

After a week and 2 days of wait, a good setup is here. Its a sell position on silver with a R:R of 1:2.5.

Just as always, I have put the detail of the setup in the chart shot below. Please trade with good money management; don't risk too much. Good night.

@naijababe, I think I saw the wrong ychat IV. Do you mind sending the invitation again cos i seem not to have you on my list. Thanks and Good night!

^^^^ Thanks for the wishes. God bless. @naijababe, I think I have seen the request and have accepted it. Will catch you whenever you are online.

Have a safe trading day and week to everyone!

^^^my yahoo mail is get2me02 @ yahoo . com. Would be looking forward to it. Take care.

@Kashif, thanx! Hope the market has been good to you. Have a great trading week.

@naijababe, can you drop me your ymail or something so that I can add you to my y messenger  or G talk for a chat. I rilly need to clarify some issues on index trading and the likes.

My email addy is get2blogicon @ g mail . Com. You could just send me a mail if you don't feel like dropping your email on the open forum. Thanx.

A big thank you to everyone for the birthday wishes. God bless you all!!!

Have a safe trading week! Lose responsibly!!

@arthuryemi, Stolen Stone and BlackGucci, thanx for the wishes!!

@Naijababa, yes it is.

@LaconicInc and Frenchman2, thanx a mili!