₦airaland Forum

Zeddicus:
That might be extreme. IMO.

I said it due to my observation on my chart though na forex trading we dey nothing is 100% but 1.28 is very attainable.

nolly042:
brother what do u think about the latest move in EU?

It is a minor retracement, bears may take over again at 1.283x area because the weekly pivot & 38.2% fibonacci falls on that same area however when we get to the bridge we will cross it. If it act otherwise we follow it. EU has been speculated to reach 1.20.

EU ~ with this movement eu can still get to 1.29 this week before bears return.

Kay1kay1:
After buying fuel, he moved his trading post to #oc.cupy NG a.ctivists.

Tell him to be careful oh, Naija police no dey look uche face oh, peaceful demonstration na the same thing as riot. Check for life bullet. @odiaero I still love u, lets continue with our trading.

@odiaero oh boy! Where u dey hide, show face now.

dboy365:
Abeg nor vex. I nor mean to condemn your system. This is a sharing and ideas-exchange thread, so why would I condemn someone's system that works for him/her?
Since you posted the charts for our viewing pleasure and analysis, it was necessary to comment on the many indicators that prevented me and possibly others from seeing price action which you and most here know is the KING.
Anyway, Sorry if you feel offended. No criticism/condemnation meant ok.
You could upload both charts with and without the indicators next time to allow us see your point of view properly, This would also help newbies you hope to learn from your system.

@dboy throughout the year

Thanks. I will try to make my chart readable next time, appreciate ur advice. May we catch enough pips today to dowse the effect of OIL SUBSIDY REMOVAL ON US.

silibaba:
thanks a lot CONCEPT really appreciate

U are welcome my brother.

silibaba:
really need someone to educate me on fibonacci trading, most specifically on how to master the time and trading advantage.

Go to youtube & search for forex trading fibonacci like a pro. I think this will help you.

Zeddicus:
I see your point. However,let me point out that the daily has not really gotten so oversold. Even when it does get there,there is no immediate pointer that the trend will reverse,seeing that all supports have been torn. Personally,i still feel there's room for 26 on EU.
Having said that,for intraday traders,they may be able to rake in some tens of pips on your buy call which i think will only turn out to be a minor retracement.

Good point @ zeddicus I can now go to drawing board to know if what you have seen can be of help to me too. na so we dey exchange ideas. Thank you. The 1.26 will likely not extend more than 15 pips below the lowest of last week 1.2697. This kind of observation is not the first time although it fails at times lets say 15% but all the same the price movement in London session will give us every clue we needed. It will be minor retracement, I agreed but mind you forex has never been one way movement it is zigzag & 1.29 retracement from 1.27 is nothing to market already assumed to be going to 1.20xx before any long term reversal could be achieved.

dboy365:
Analysis Paralysis.
Price Action is key bro. S/R is all you need, not all these chart-blocking indicator, except if it works for you sha.

It suprises me when you just condemned someone system outrightly, I am not doing this to help people like you, I am open to people that want to discuss how I reach such conclusion, it is chart blocking because it is necessary for my confirmation. Remember this is forex where we have many ways to achieve the same thing. Price action is the key as you have said, right! But we have other ways to determine the price reversal, it is necessary to get that as a trader. Watch out for the analysis you see as paralysis. It seems you are so disgusted with my post.

My analysis for the week is below for these pairs however the pair I trade most is EU. I will attach my chart & point out the reason behind my decision.

EU ~ BUY
GU ~ BUY
EJ ~ BUY
GJ ~ BUY
EC ~ BUY (eur/chf)
AU ~ SELL
UC ~ SELL
UJ ~ SELL

Why am I buying EU? My Higher time frame 1hr, the stochastic lines, has reached oversold for a while. 4hrs has just reached oversold but both my CCI in 1 & 4hrs TF have shown divergence ~ LOWER HIGH then in lower TF I have seen my ichimoku's chinkou span penetrated into my 2BBs.

U will see one thick red horizontal line on my chart that is resistance (R1) ~ 1.2966 on weekly pivot, I do believe market will reach there before turning to its destined direction this month because the chart structure makes price action to see at least 1.22xx.
Using of pivot point to trade daily is advisable to new traders, either R1 or S1 is sure for reach any other move na jara meaning market is trending & this kind move is for those that have studied enough to know what is happening, provided you have system that can follow the trend without loosing your steps, good for you, if not stay out of the market and be contended with what R1 & S1 have given you.
I use www.pivotpointcalculator.com & www.forexticket.co.uk to get my PP for month,weekly & daily.
There are many sites that you will see free software that can help you to calculate PP, just google it. I hope this helps? 1.2966 might be reached but for this minor retracement 38.2 fibonacci is most time certain & that tallies with weekly pivot at 1.2832. I am not so confident about 1.2966.

@truthtella

Do they need El rufai to tell them? You have someone( Buhari ), that have not stolen from the public treasury, despites all the oppourtunities he had and a well known ROUGE ( Jonathan ) , contesting an election and people foolishly voted for the LATTER,now he wants to implement ROGUE policies, for him to have more funds to steal & you people are crying, you have seen nothing yet. Knowing that CORRUPTION is the only OBSTACLE in Nigeria, Until Buhari, or somone that is as HONEST as him becomes the president, SUFFERing,will be the order of the day. Myopic & dumb excuses, like religion & tribe put Nigerians in this MESS. Who cares about something so INCONSEQENTIAL as tribe & religion in this 21century? Nigerians does! You asked for goodluck, live with it.

As your ID implies so is your message. U already duplicated my thought. Corruption apologist in power, Nigeria is doomed, anti-corruption campaigner in power Nigeria greatness has just begun. I am a Yorubaman, I do not care the region the president come from, those of u who based voting on sentiments rather on credibility;religion & regional biases. U aren't seen nothing, this incompetent man will lead you to economy crash. Why would you turn blind eye to the way the ruling parasites have been feeding on Nigeria since this man took over. Has someone sat down to ask, why are we borrowing money now when someone left there some few years back & left money in foreign reserves & claimed to have settled some of our debts. I think there are some hidden facts about the way this Government squander money. If u are reasonable enough, nobody will ever support such wicked government unless you are one of the beneficiaries.

Guy,  so you actually wanted two EA at once   chai,  I just noticed. No probs i tanda gidigba for you. correct the bolded part i mean "twisting and sometimes extends" be precise.
^^^^
May be I should say stay with the trend till the two crossing lines of stochastic leave the region of overbought (75 -100) & oversold (0 - 25)

About the chinkou span your observation is very correct, make it 27 bars. Thank you. It takes me some time to reply because I hv not been regular here.

Well done pal. For those that are skeptical to release there strategy, I will say it does not really matter, it depends on how bad u want it, so that u will be away from your system
& be able to do other tangible things. Even in forex factory people release amazing systems with excitement & want feedback from what u have achieved with it, still our pips have not ceased coming.
Go and see how many downloadable strategies are in forex factory, uncountable. What are those going to do? All my strategies development I got online & very educative pls let help one another. It is not good to go thru pain some of us here hv gone thru, let the coming guys hv easy ride, u know how the country has been even now more tougher. I know what I went thru to get my first job, many of my mates 10 years after graduation cannot even feed themselves not to talk of marriage, Naija is doomed, this is one of the things guys can do to empower themselves. Pls if u hv something dat works let them copy u. let us grow 2gether, the level of poverty in Nigeria is overwhelming despite our huge resources, we have never had responsible people in Government, lets be our brothers keeper & contribute in reducing unemployed graduates from the street.

wizecoder:
Hello house,
I am back from holiday, coding and live testing is now on , aguiyi, concept ,kenny,odiaero,naijababae and other fx traders this year will be a great one,
you can now make your ea request on this tread{https://www.nairaland.com/nigeria/topic-813073.0.html} for it to be coded by any programmer in the house.
Plan your trade trade your plan
loose responsibly
Happy piping
Wizecoder

Sure, it is a prosperous year. Lets do it together.

tonjoan:
@ concept, honeric, forexmart and zeddicus I say thanks pals. I usually embark on break from 3rd week in december to 1st week in january but this one was marred with the passing away of my only sister.

Eeyah!! Accept my condolence, God will give u strength to bear the loss.

tonjoan:
Happy new year to my dear colleagues in the room. Missed u all.

U are most welcome.

| Euro vs US Dollar] We believe that possible bearishness could be seen during this trading session. Immediate resistance is at (1.30828). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.Look for short positions for today`s trading session.

EU ~ Time to buy.

Zeddicus:
Am sure you'd be angry at not entering at market price then.

Yep! Though I am enjoying EU now. I jumped in when I knew my 1.2975 na mirage @ over 80 pips now.

EU ~ Sell pending order @ 1.2975

[Forex-1 | Euro vs US Dollar] EURUSD is at a crossroads, the instrument has a 50 – 50 chance of a recovery above (1.30828) or a fall towards (1.28877) in the coming session. We have to wait and watch the movement of the instrument from current levels.We need to keep a closer look on how prices would behave on today`s trading session.

Euro vs US Dollar] Currently, further bullish actions could be seen on EURUSD. A break below (1.29071) could be a threat to the bullish scenario targeting (1.28167) even (1.27283). On upside. Immediate resistance is at (1.31079). A close above that area should keep the major bullish scenario intact testing (1.32535) area.You may try to buy from (1.29985), (1.29434), and (1.28868) with a stop loss below (1.29071).

The above analysis is based on trade taken today but as things stand we all know what tomorrow may likely produce. Happy Pipping.
@ odiaero, beejay, meshpips, aguiyi, forexmart, tonjon, pip love-vendor & many others, it seems u are still in hols mood, we need u guys around. Compliment of the season to u all.

ok

nolly042:
honerico an concept make una take am easy jo

Thanks man.

honeric01:
because na u dey control forex market?

Vex not my guy. Remember 1.31. My contribution looked authoritative, I am sorry about that. Both of us are speculating; u said 1.31 & I said forget it, meaning no one controls the market, if we see it in either extremes, we just move with what we see. I hope I hv been forgiven?

honeric01:
yes, EU. 1.31/32 first before 1.22xx

Pls forget 1.31

Watch this on Youtube & confirm the truth from someone who has been there and knows how the system works. Prof. Tam David West.


https://www.youtube.com/watch?v=f0MUoK2Xuw4&feature=relmfu

https://www.youtube.com/watch?v=a6P18gtNoNw&feature=relmfu

https://www.youtube.com/watch?v=ZeRcMyoIX6M&feature=relmfu
http://www.youtube.com/watch?NR=1&v=RLd8o8z-2CU&feature=endscreen

Corruption is what will make us (Nigeria) to run into financial troubles in this country, the Oil is still there & the appropriation of funds can only make us to be among the heathiest economy in the world if not Nigeria success is a mirage.

EU ~ Sellers month. I am yet to determine when it will start but bears in control. Beware!! 1.22xx era we dey.

emedizzla:
Can Nigeria ever grow?

Yes but not with the kind of leadership at present.

LeoMax:
@lexicon
No !! Am not. I dont blame you, your destiny is to make enough money than your wife can spend as per your signature.

Who is this guy? U talk without logic just with sentiment, I doubt your ability to be a good manager.

nolly042:
having anything against resistance and support?

No

nolly042:
sorry dear.maybe next time u look very well. me too i saw the fake sell move but

ok

Lets go with the trend.

agubata111:
Good trade.

Bad Trade for me. SL hit back with the trend but EU moves na shakara this is a short term reversal.

JAkpayen:
Buying EU @ 1.2955 and GU @ 1.5510 for 100 pips

Happy pipping to y'all

EU ~ 1.2995 is my own point of selling.

EU ~ @ minimum of 1.225 Bear reigns in early 2012. Debate?