₦airaland Forum

JLINE:
it was sudden bro...taking too many trades these days,going back on one at a time.

Nice to audit yourself and return to what's worked best. Salute ur tenacity on the forum, weh done

Capitals:
lols, my entries are not always superb o. Still have some trades that go against me (xauusd sell currently floating losses) and for drawdowns, I think that depends on risk appetite.

xauusd reversed in my favor it seems, maybe not a good example of how my entries could be off sometimes. Below is what it looks like now and what i hope it will look like sometime in future(in terms of +ve pts)

No tp on second chart cos I m waiting on a counter signal to jump off(just in case)

Shevychen2:
I will always bow for you and your freakish pinpoint entries with magnificent R:Rs. Drawdown must be firmly in the single digit territory. Well done boss!

lols, my entries are not always superb o. Still have some trades that go against me (xauusd sell currently floating losses) and for drawdowns, I think that depends on risk appetite.

Shevychen2:
Chairman! I dey hail o. Just dey for corner dey manage ourselves.


@Thread.. Been an OK month for the EUR but think JPY is going to take the crown from it. Won't bet against the large scale slide continuing into next week and possibly beyond. I hope so anyways as I am heavy on it!

Same sentiments on UsdJpy & nzdjpy, took some off alreadyon uj

[quote author=Shevychen2 post=56634727]Weh done Sir!!
Trust you ve been good

Capitals:
Any attempt to go above 1.4273 and I will offload all my positions. It's getting hard to stick to plan and stay objective with all these eractic up and down moves.

I m glad I adhered to this, what a reversal

Capitals:
offloading some positions, prices moving real fast dont wanna give back too much positive pips

Any attempt to go above 1.4273 and I will offload all my positions. It's getting hard to stick to plan and stay objective with all these eractic up and down moves.

Capitals:
Watching for exit signs, as can't predict the effect US elections on prices. Mkt may get really volatile.

offloading some positions, prices moving real fast dont wanna give back too much positive pips

Capitals:
And that is how I started taking profits

Watching for exit signs, as can't predict the effect US elections on prices. Mkt may get really volatile.

Capitals:
Will try my luck wit EA now at 1.4422. the previous lost 15pts each

And that is how I started taking profits

[quote author=Pipsbasketing post=50766260][/quote]I have switched lanes bro, I dont see the buyers pushing this up without a good fight, everyone/thing is tempted to tour the path of least resistance.
Path of least resistance for me is the downside on this one

Capitals:
no longer interested in 1.4485 and reducing sl on 1.4471 trade, not as convinced as when I took the trade initially.

Will try my luck wit EA now at 1.4422. the previous lost 15pts each

Capitals:
Trying EA again at 1.4471 with stop at 1.4527, will take some at first price and take some more at 1.4485 if we get there this will affect lot size of course cos all of them may be wrong.

no longer interested in 1.4485 and reducing sl on 1.4471 trade, not as convinced as when I took the trade initially.

Capitals:
I hope I see a trigger to join soon else I will have to sit this one out, many other opportunities will come.

Trying EA again at 1.4471 with stop at 1.4527, will take some at first price and take some more at 1.4485 if we get there this will affect lot size of course cos all of them may be wrong.

Shevychen2:
Tight stop yeah but 4550 was the optimum sell limit point. If that gets invalidated (hope not), 474x is another good junction.

EURCAD and NZDUSD are two other very neat sells I am in. 100 pips stop on both.

Shevy, I do more of tight stops these days, of course that also means bigger lot sizes. I hope I see a trigger to join soon else I will have to sit this one out, many other opportunities will come.

Nice of you to have stopped by

currentprice:
may be you use tight SL over night for your swing trade,,,,,the pair still in good levels to fall since it failed to stay above yesterday high.

if you don't want to SELL,,,,, it better your stay sideline completely than keeping that your BUY ^{"don't give back to market your hard earned pips"}. currentprice now is 1.4498

^{this pair on my daily MENU list today}

Lol, its like you were reading my game plan word for word there.
I already offloaded the last buy.
My stops were tight as you pointed, but I m still watching for another shot

EurAud, Ukoil and USoil are the only mkts I m watching right now, just waiting for the right setups to take my shot again

Capitals:
Thanks Bro,
Actually, I offset most of my buys and left just one to ride. I think we may push a higher high but had to strike because I saw my sell signal

SL on sell hit, observer mode for new signals activated

canman:
Hello Capitals, please kindly pm me on greatways16@yahoo.com
Thanks

you can halla here and will be sure to get a response.

Pipsbasketing:
I stated here last week when it was signalled that EU will ride up from last week to the end of this week, it did, but it is not yet time for you to have taken a sell side. Since that time, only one bearish candle is formed amongst 7 candles. In fact, the bearish candle has been replenished by 2 additional bullish candles with additional currently forming bullish candle.

Now that you have taken the sell position, I want to believe few profits were taken from your previous position. However, the trend is still bullish and may remain until Monday or more (mark this!), worse comes to worst, expect a ranging market which is not really feasible during this period of election.

If I were you, I would have moved stoploss from red to blue line positions.........FOREX is sweet when you trade with knowledge, it gives you confidence of analysis

currentprice:
saw same here except today high taken out

Thanks Bro,
Actually, I offset most of my buys and left just one to ride. I think we may push a higher high but had to strike because I saw my sell signal and already it has taken too long to drop which further increases the odds of an upside. I will appreciate a 70-100pts move down right now, as it will boost my confidence on the trade working out.

Either ways, the last buy trade running will cover for a loss on the sell if price continue north.
I feel odds are gradually turning to the sell side, if it doesn't drop frm current levels(on the signal I took). I anticipate it will in the next or next two sell signals I may spot, hence I cld retrieve whatever is lost on this. Just my thoughts anyway

currentprice:
menu every where EUR.AUD , crude oil and co.

What's your take on EURAUD, I ve switched lanes to the sell side.

Capitals:
I will infer that this pair may continue to be bullish until next week Thursday or more. I hope capitals can take more than 500.00pips from the pair

i hope so too bro. Still holding some positions, but closely watching for reversal signs

Offsetting gradually: looking out for sell signals to exit more of my buys and probably enter a sell at some point.

I will infer that this pair may continue to be bullish until next week Thursday or more. I hope capitals can take more than 500.00pips from the pair[/quote]i hope so too bro. Still holding some positions, but closely watching for reversal signs

Pipsbasketing:
After this call on EA, I checked and saw a clear and fesh buy signal expected to last for days. It turned already

I honestly hope it does, and preferably runs into weeks.

Capitals:
Stop loss hit, 150pts gone. Will yet stalk the pair and other GBP pairs for a buy

Wowwww, Thank God for confirmation triggers . Would have been massively on the wrong side of this move. over 700pts against my core bias?

Well done pipsbasket, you pointed this out in gbpchf the other day.

Capitals:
Buying again, GC.
Hope it goes well this time

Stop loss hit, 150pts gone. Will yet stalk the pair and other GBP pairs for a buy

Pipsbasketing:
Haaa,

Why buy the pair bro, I have been on the sell for some days with huge pips. And right now, there is a huge sell divergence on my daily and weekly TF.

Except your trade on this is intraday.

I think odds are with the buyers, I m judging its easier to go 350-500pts up from current levels than 350-500 down. Also my strategy suggests its set for a rise right so I m on the look out for buy setups till we trade below 1.2440.
I may be wrong anyway

Capitals:
And that is how I got stopped out of the trade
Closely watching same pair for a buy signal again ,

Buying again, GC.
Hope it goes well this time

Capitals:
Hit just first tp, 75pts. 2,3,4,5,6th trades still active and look like may lose. Sticking to plan any way.
Here s the math.
6 trades each 25pts =150pts risk
1 trade hit 75pts tp = 100pts risk off.
loss on all other trades = gross 50pts loss if it goes wrong.

Edit: Add spread at entry on each, the reason risk appears greater than 25pts

And that is how I got stopped out of the trade
Closely watching same pair for a buy signal again ,

Capitals:
Hit just first tp, 75pts. 2,3,4,5,6th trades still active and look like may lose. Sticking to plan any way.
Here s the math.
6 trades each 25pts =150pts risk
1 trade hit 75pts tp = 100pts risk off.
loss on all other trades = gross 50pts loss if it goes wrong.

Edit: Add spread at entry on each, the reason risk appears greater than 25pts

So I think she survived the first hurdle, prices are better up there than close to my stops. Lets see how it plays out, but if we hit 2nd tp then trade is a winner even if it reverses after that.

Too early to celebrate anyway

Shevychen2:
Typical Nigerian
Always trying to deflect respect

I am chilling o.. I remember everyone once in a while. Even if I don't post.

Let's see how that trade plays out over the coming days (stop loss) or weeks (TP). Well done sir.

Lol, I prefer the 'coming weeks' option, I feel the longer the trade takes the more probable I could hit a few tp's (or all tp's )

Shevychen2:
Maybe your stop is tight sir but I have a trade on that pair as well. My own stop is 1.2400.

Ahhhhh, the boss. E don tae oh. You just disappear leave your boy.

The thing just reversed jo, I can decide to take BE but I wont. I will let it ride as pre_planned. Mine is 1.2502

Capitals:
Having done all to stand, stand.
Good luck GBPCHF

Edit: After 2nd tp I could edit 2 positions to BE and let the rest drift to whatever the outcome

Hit just first tp, 75pts. 2,3,4,5,6th trades still active and look like may lose. Sticking to plan any way.
Here s the math.
6 trades each 25pts =150pts risk
1 trade hit 75pts tp = 100pts risk off.
loss on all other trades = gross 50pts loss if it goes wrong.

Edit: Add spread at entry on each, the reason risk appears greater than 25pts