₦airaland Forum

lari03: its seems what happened in 1974 occured again today or why so much silence? Well my connection did not allow me trade today,how was nfp ?

Guess there is blood on many traders platform today. NFP don do boko haram 4 some people account

unclenna: We are not debating...........fundamental traders use economic data to forcast the future health of the economy........fundamental traders look at the long term......while news traders do not spend up to 30mins in the trade when the news is release........Pls. fundamental trading is not news trading.....

Fundamental trading is the same as news trading. No need to argue. News is fundamentals of a particular economy. For more insight see link below

http://www.henryliuforex.com/what-is-news-trading/

Hope this settles the dust.

Cheers

unclenna: News trading is not fundamental trading......The trend shows you the fundamentals of an economy for that period...........

Oga there are only two method of trading, the main methods are technical and fundamental ( which is the same as news trading)

Definition of 'Fundamental Analysis'
A method of evaluating a security that entails attempting to measure its intrinsic value by examining related economic, financial and other qualitative and quantitative factors. Fundamental analysts attempt to study everything that can affect the security's value, including macroeconomic factors (like the overall economy and industry conditions) and company-specific factors (like financial condition and management).

The end goal of performing fundamental analysis is to produce a value that an investor can compare with the security's current price, with the aim of figuring out what sort of position to take with that security (underpriced = buy, overpriced = sell or short).

This method of security analysis is considered to be the opposite of technical analysis.

Read more: http://www.investopedia.com/terms/f/fundamentalanalysis.asp#ixzz22SjBVwOh


Cheers

unclenna: What happened today was purely a battle between the fundamental and news traders................The market initially followed the news and after the news have to allow the fundamental to play out..........

do u mean to say technical and news traders ( fundamental = news trading)

CyberG: The 40 lapdogs are still sleeping?? Why is the thread not reeling from useless crappy lies yet?? 40 lapdogs waaaaaakkkkkeeee uujupppp!!

operators are in Jamaica

Guys and babes, trade wth caution. Today is end of month most big boys will be closing thier posiions to take profit

lawson007: Rozayx5 thanks for letting us know about how to get alerts to our gmail it's more than a useful post.THanks Man,really appreciate it
Now back to you reply to my post:when a system comes out, i always look for the weaknesses of that system
do you want us to accept that this place is the best place to try out our systems?trial and error forum?Look at you post about the alert to gmail,it is straight to the pointed tested by u and it works and you shared with us and it is appreciated unlike rejoicing over a system you just saw online and posting it here because you made some pips with it today,why not post only what has been tested."Veterans" i mean are not some "know it all" but they have mastered an aspect,i.e "specialists in an aspect" and from that area they share.It will help us move closer to the promised land quicker,don't u think so?.But if you wan try display of systems and indicator on this forum na u go run o .I have nothing less than 300 indicators i can make noise about, fill up this forum with and at the end nothing to show for it.I can single handedly upload demo accounts with thousands of pips in profit, systems and indicators here that can occupy 10 pages none stop,but the newbies will get at least very confused. Many others here can also scatter this place with all sorts of systems and indicators(basically not time tested).Imagine if other also do likewise.is it wrong for us to maintain some sense of order and direction?Point of correction,i m not and never claimed to be a veteran.
for the past 5 months i have been working online with some traders that are also programmers from Belgium,Ukraine,Pakistan and Russia the project is very close to what we are looking for but i never derailed this thread with experimental stages.We should all have our private labs from where we come out with something better than center of gravity or MBFX.But my brother if you feel like continuing to paste demo and untested new systems please feel free.

Like the wise one,wisecoder,said i quote:"some learn from others mistakes while some prefer their own mistakes....soooooo free them".So,Rozayx5 please continue nothing dey happen.

back to business: I am planning to buy USDCAD from 0.9964 or from 1.0025 for a long journey up for somedays.Any one have any advice?

Lawanson, abeg lets leave matter. This new corp of guys are doing well atleast thy show what they re upto. in other words de teach how 2 fish and not just give u fish. When i first joined this thread (season 3 or so), people were just dishng out signals left right center wihout any basis even when u ask how they arrived at xyz decison it was kept in top secrecy. Instead everybody was flauting his account (even those dominated in CFA and zimbabwen dollars) just to convince and confuse newbies. Having said that, i 'm in full support of u showing your system, and making calls based on them than just shouting buy or sell.

The new guys uclenna, roxzy etc. keep up the good work.

Cheers

for more on correlation, this 'll educate u more

http://www.forexticket.co.uk/en/tools/01-01-correlation

cheers

infofirst: Au on her own.This correlation tin sometimes self,eu down, au up?

the perfect correlation (though negatively) is on EU and USDCHF

EU will blast down when S1 is taken

Morning all,

Market is most likely going 2 correct the effect of ECB's president comments on thursday.

Lets see how it goes

Cheers

naijababe: Sent you an email twice both returned.

piphutent@yahoo.com

u sure u got address right?

rozayx5: all currencies on CSM are running orange and yellow, no strong currency yet, but definitely there will be a break out

As at when i made my comment AUD & NZD were blazing red while JPY was blue

naijababe: Howdy Mr Bond, thought we gonna chat, no?

Yes madam. Send me a mail on piputent@yahoo dot com - so i can ve your email 2

cheers

unclenna: I have added NZDUSD(BUY)and UCAD(SELL) to my portfolio............Is a long term trade.waiting for GU,GJ,AU,EU,and EJ to mature for LONG move

Bros i agree with u. sentiment on CSM shows that risk is on

Cheers

unclenna: @all, if you like the indicator in rozayx5, screen drop your email let me send it to u....... ..that indicator is a killer when added to my long term system...everything including the manual

Bros 2 much of eveything is bad - including indicators. The best systems in forex are usually with very little or no indicators at all.The real and best indicators is YOURSELF.

Cheers

naijababe: Howdy boyz? what's going down?

Madam pls can i ve ur skype id sowe talk.

Cheers

De big boyz and de market wants 2 gather sellers so it can wipe as many retailers account as possible

Mr Bond

Cheers

50pips: selling EU at current price 1.21230

take profit 70pips before noon tomorrow

join me if your head dey am

I wont...........Just me Mr Bond

Cheers

Sentiment of the market is changing. Spain financials is not as bad as thought. Hence we could see de high yiel (but riskfull) currencies having a field day till de end of de week.

Euro, GBP, Aud, Cad , Nzd will gain strength within de week.

Cheers

Its all about the gap on EU

I think as traders we need this tips to succed

The 6 People You Need in Your Corner

Nothing incredible is accomplished alone. You need others to help you, and you need to help others. With the right team, you can form a web of connections to make the seemingly impossible practically inevitable.

1. The Instigator:
Someone who pushes you, who makes you think. Who motivates you to get up and go, and try, and make things happen. You want to keep this person energized, and enthusiastic. This is the voice of inspiration.

2. The Cheerleader:
This person is a huge fan, a strong supporter, and a rabid evangelist for you and your work. Work to make this person rewarded, to keep them engaged. This is the voice of motivation.

3. The Doubter:
This is the devil’s advocate, who asks the hard questions and sees problems before they arise. You need this person’s perspective. They are looking out for you, and want you to be as safe as you are successful. This is the voice of reason.

4. The Taskmaster:
This is the loud and belligerent voice that demands you gets things done. This person is the steward of momentum, making sure deadlines are met and goals are reached. This is the voice of progress.

5. The Connector:
This person can help you find new avenues and new allies. This person breaks through roadblocks into finds ways to make magic happen. You need this person to reach people and places you can’t. This is the voice of cooperation and community.

6. The Example:
This is your mentor, you hero, your North Star. This is the person who you seek to emulate. This is your guiding entity, someone whose presence acts as a constant reminder that you, too, can do amazing things. You want to make this person proud. This is the voice of true authority.

Cheers

bond777: 'm long EU from pivot. TP R1

Cheers

25 pips and still counting. SL moved to BE - no risk

cheers

'm long EU from pivot. TP R1

Cheers

'm long on EU. Lets see how it goes

Cheers

EU is currently 1.2261

Good day all,

I hope we all had a splendid weekend? Hope we ve a pipfull week. I see an upward gap on EU as market open http://www.forexdirectory.net/quotesfx.html.

Cheers

unclenna: The euro bounced strongly after hitting a fresh 2−year low of 1.2162 at the beginning of the American session weighed by rumors the ECB could implement negative deposit rates in September.how can the market play with investors cash based on rumors

Bros the mrkt is no respecter of persons,systems,indicatorsetc. What keeps u in de business is proper MM, SL, discipline etc.

THE MARKET DOES NOT CARE ABOUT ANYONE. ITS LIKE A TSUNAMI FLOW WITH IT OR BE CONSUMED

cheers

I use the CSM mostly for market sentiment purpose. If commodity currencies (or high yielding currencies) E.g. NZD, AUD, CAD etc are red/high while low yielding currencies e.g USD and yen ae down - RISK IS ON if the other way then RISK IS OFF. It helps tell the direction of the market. Entries and exits should still depend on your original treading plans

Cheers

[quote author=rozayx5][/quote]Bros i ve been using CSM for the past 2 years before u just discovered it. It is a lagging indicator that shows only the strength of a currency at a time. Check your news calendar, no any serious impact news comes up btw 10-11pm nigeria time. The CSM is more erratic during 10-11pm than any period of the day. NOTE OF WARNING, THE CURRENCY STRENGHT METER IS NO ANY SPECIAL INDICATOR THAT U SHOULD HING YOU TRADING PLAN ON - IT SHOULD JUST BE USED AS A GUIDE.

Cheers

b03liberty: @ honeric01 and rozayx5 thanks and welcome and for ya all interested in watching the video on how it works voila-
http://www.currencystrengthmeter.com/76/7-best-uses-to-profit-from-currency-strength-meter/

Don't use it btw 10-11pm Nigeria time as no market is open and de reading on de CSM is very unreliable

cheers

bond777: S1 is proving to be a strong support. Lets see how it goes

Cheers

We may fly up from here