₦airaland Forum

meshpips:
Guys,
Do you still maintain your "confession"?
Or has something changed?
Let's hear from you.

Capitals:
Yes bros, only reason I m not buying gbpjpy now (131.74-131.50) is because I have bought too much of the pound against other pairs and have to be risk cautious irrespective of how strongly I feel I can make a quick 60 to 300pts on it.

If I had taken the trade as stated above, will already hit first 60pts profit. We are all speculators, no one knows for certain the outcome of trades, we just roll with the most probable outcomes(Probabilities)

Hope you catch my drift

I borrow the last line from you

^^I will be surprised if it doesn't push a higher high before taking out 131.50, didn't take it though for earlier stated reasons.

currentprice:
in this business you should know both buyer and seller of same pair can come out with profit

Very correct

meshpips:
Guys,
Do you still maintain your "confession"?
Or has something changed?
Let's hear from you.

Yes bros, only reason I m not buying gbpjpy now (131.74-131.50) is because I have bought too much of the pound against other pairs and have to be risk cautious irrespective of how strongly I feel I can make a quick 60 to 300pts on it.

Bros, Its not as black and white as your analysis make it seem. You sound like you are certain prices will drop, I personally don't share your sentiments on the long term, maybe a short term drop. I think prices are more probable to rise 300-500pts from current levels than drop 300-500pts.

No be competition anyway, but I more inclined to buy the gbp than sell it. I just dont like the setups thus far on gbpjpy. Prefer Gbpaud at the moment (subject to change of course)

Edit: ccmeshpips

Capitals:
GBPCHF could be a good buy . Observing events as the unfold

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

GBPCHF could be a good buy . Observing events as the unfold

Pipsbasketing:
You did good bro,

These are reasons to prove to the world especially our Nigerians that some of us live on FX (my major goal) and that many of us are active traders.

Regarding my statement, I think I already avoided it sounding general. To reinstate: not all the pairs are ranging, I posted 4 of them up their coupled with some others which I could not upload. As for me, I have not made a tangible profit for the past 7days, though I have been balancing my losses with my positive trades. But I am pretty sure these are only for turbulences which may not last for more than one week after which I take charge in the rest of the month.

Some of my trades have been trendy making about 200.00 pips PER pair and still counting, while some have been ranging....

Btw: I like your positivities

Thanks. For me, its just an extra stream of income bro.
The small wins cancel the small loses and we are left with the big wins provided the big losses are eliminated.

GER30 just turned negative, but I really don't care if both hit stop, it already is a winner trade

Pipsbasketing:
These are D1 TF charts for about 7 days ago and for some pairs that I believe any swing trader would not have made any money,

Still making money on them swings bro, usually don't respond with statements but for the fact that you have been a positive addition to the gang, I m flexible on that today. refer to below attachments.
My pre-planned FX focus for the entire week has been EURAUD and EURNZD, indices US30, GER30 and S/P500.

EURNZD already hit 1st Tp, US30 hit all 4 tp, Ger30 hit 2 tp with 2 still running as you see. S/P500 didnt give a signal, EURAUD lost 25pts by 4 that's 100pts in all.
Profitable week it has been even if they all decide to reverse(I hope they go on to tp anyway).

I use different brokers hence the difference in attachmnts but basically duplicate same trade on all their platforms.
Nonetheless, some days are like you are experiencing now and it sure will pass provided the strategy is sound.
Good Luck

currentprice:

Thank you, I very much appreciate.

currentprice:

^{do i send? no,,,,anyway today no be friday ,,,so enough space for the fx wailers}

Please pardon me for been a bit off, but need this info.

Abeg how do you get charts for the nse, open high low and close charts or candle stick. What do you think of meristem/merifx, have you had any experience with them in the past.

GBPJPY already hit first day tp, same pattern.

Same patterns, and outcomes GER30 and SPX500

Capitals:
Not interested in a higher high anymore. taking too long to drop

Aftermath Bund30, pattern complete.

Capitals:
I can tolerate a slightly higher high now, bt will be weary of how it trades on the higher high.

Not interested in a higher high anymore. taking too long to drop

Happened real fast, same pattern Different Mkts.
SPX500

currentprice:
haa, thought you post considering GER30 BUY

didn't look well the post you quoted

^{ignore my post on ger30}

Naa, I won't buy Ger at these levels. I would rather be a seller.

Capitals:
I m considering a buy bro

took it initially but getting off for +7pts

currentprice:
for GBP.JPY,,, 138.89 maintain stand to be good resistance levels so it time to SELL the pair

^{no over confidence,,,follow what your system says,,,,mkt is not one way direction}

_{^{above the levels turns to buy bias vice versa}}

I m considering a buy bro

Capitals:
Mistakenly posted this elsewere

I can tolerate a slightly higher high now, bt will be weary of how it trades on the higher high.

Capitals:
Same old, same old. German Bund.
Will take BE if we make a higher high before going doing down

Mistaken posted this elsewere

Capitals:
Looking out for same patterns, skeptical abt this one though.
That NZDUSD, getting more tech savvy

Reevaluated my position, wont take a higher high, will gladly take take a 10pts loss

Seriously ,
Heavily distracted here, working on too many things at a time. Sh.. happens



I will sort it out later bro, let me focus one thing at a time

Same old, same old. German Bund.
Will take BE if we make a higher high before going doing down

Looking out for same patterns, skeptical abt this one though.
That NZDUSD, getting more tech savvy

bigbasho:
Good day bro. can you throw more light on how you ascertain a S orD level will hold? i see a whole lot of them and cant tell wch will hold or not. Thank you

Honestly can't tell for certain a level will hold, else I would have have just one level for today's trade instead of the two levels I marked. Instead I take only those with good profit margin to me. Good profit margin is an odds enhancer in my favor

Capitals:
Pattern complete, 1st Target hit. spotted only one pattern today so far and it worked again.
others are at BE now, if they hit target thats more profit, if not its a net +20pts today

I won't take BE on remaining positions after this, Adjusting sl to lock in some profits.

Capitals:
Was able to get out without paying the full price , lost 10pts each, second level in play
If we go 90 percnt in direction of 1st tp, pattern complete, could take BE

Pattern complete, 1st Target hit. spotted only one pattern today so far and it worked again.
others are at BE now, if they hit target thats more profit, if not its a net +20pts today

Capitals:
Price is approaching the second level, if it triggers I will adjust 1st tp to 50pts from entry price and take a loss on the first level, will see if it can retrace a bit for smaller pts loss or just let sl do the needful.

Was able to get out without paying the full price , lost 10pts each, second level in play
If we go 90 percnt in direction of 1st tp, pattern complete, could take BE

Capitals:
Happening Now: My first day trade today, same pattern different markets US30

I have two supply levels marked out, the idea is if the first one doesn't hold I MAY take the second one, have pending orders in already so I can be busy with other things. I set alerts on the platform so I know if it been triggered to reevaluate and decide if I still want it. But if thing play out too fast and I m unable to make a decision before sl is hit, then , it is what it is

^{_{Learning never ends, #mastering the art of day trading}}

Price is approaching the second level, if it triggers I will adjust 1st tp to 50pts from entry price and take a loss on the first level, will see if it can retrace a bit for smaller pts loss or just let sl do the needful.

Pipsbasketing:
The bolded got me to know you understand the rules

Its the simple truth bro, at least from my observation

[quote author=currentprice post=47925344]My Oga at the top, I think USoil is cheap enough. If I see a day trade pattern I will definitely take it. But I won't take a swing buy there and definite won't consider selling, just like GBPJPY, it can go down 2000pts before the year ends but I wont be one of the sellers that attempt to taking it down from present levels.