₦airaland Forum

beejaay:
bros am here oo just trying to be gentle. been busy with off chart runs.
took some hit on usdchf -50pips though made it back on gu long and gj long also. just took short on EU(30 pips stop loss) and EJ (locked at BE+1) at the rejection of 200EMA.

Be urself enjoy!!

We are going to hit 1.32 this week but before that I expect EU back @ 1.3050 area.

@ b e e j a y Where u dey? U don chop enough for the year, when u wan throw the parry inform us oh!

EU ~ No sell buy all the way. Bus stop 1.3130. I think what matter most is what direction your chart's price action gives you, aguiyi be less concerned about what is pushing euro it may get to 1.33, so far chart supported it, so be it.

EU ~ This one na 1.31 breakout oh! sorry! The minor retracement is not as that relevant.

Concept:
EU ~ Won't sustain the tempo ready to have minor short I think.

EU ~ Won't sustain the tempo ready to have minor short I think.

My answer is simply, I am a Nigerian & my work takes me to the domain of people in private and public sector then if you continue to ask me that question in a million time I will disappoint you. I am not answering johh!!

EU ~This market is too narrow to take something tangible off the table but sellers should beware.

http://theforexopportunity.com/eurusd-cautiously-bullish-above-1-2982/

odiaero:
Are we there yet?

We are almost there, I need the break out badly to get out of this snail like market, the thing dey vex me.

honeric01:
i am waiting for 1.29xx to long from.

No chance, my advice is to look for closest support now & enter long.

EU ~ Long remain valid @ 1.3085

beejaay:
we are on different side bro. anything can happen its fore.x
watching what will happen at 55EMA(if the current candle should close below it, i will add to the trade), 61.8%fib retracement( will add to it if it get rejected). with all the plus at my first stoploss.

I agree with you b e e j a y, you know forex is all about analysis, my chart interpretation with my arsenal of tools give me sign to queue with the bulls. I just hope I am right however my SL is waiting for any funny moves.

Gbotun:
@everybody,doing a great job here. Am an undergraduate in one of d naija universities and in need of a source of income and was told to venture into forex.Now my problem is getting a good mentor who will take me by hand and teach me everything teachable on how to become a good trader within 3mnths after my trainin.

Forex itself will force you to go to another school and most of it will be private, so I think combination of this with your studies might be conflicting. Why not wait till after graduation but you can still get acquainted with some stuff I mean basics on www.babypips.com, the site is good for newbies, thereafter, whoever will take you by the hand knows he his not wasting is time.

EU ~ Long like I said last week 1.32 is attainable. Good morning all. May the pips be with us all.

EU ~ Pending order sell 1.3050 - 1.2985

Suprising! Forex a scam? My no should be capital one. I will tell you guys that what you lack is indepth training/knowledge. Forex is not a year experience and you will believe that you have arrived, you must fail, this is not a curse, it is the nature of the business. The market is already there for you to explore but it is what you do with it that makes you lose or win. I was for many years in this position, sometimes in my thought someone was trading against me but after five years of trading and loosing money consistently, I got the direction.

To trade forex, you need to have the interest,zeal,will,passion,goal getting spirit,seeing failure as a temporary setback and all you need to do is dig deep to turn it to success. If you want to make fast money forex is not for you, you need to work, if you want to get a degree you must undergo course in a particular discipline. I am telling you everyone here that boldly tell you they are making profit in fx trading must have read many e books, viewed fx teachings on youtube or attended seminars; Imagine a doctor that does not pass through a medical school and is given a task to perform surgical operation, you & I already know the fate of the patient, no official school for forex but you must go to its school, it is personal because success rate is also different; Bsc holder is definitely different from Phd holder regarding input and output. The seminar you attend I can say gives you basic hints which is good foundation, your success is determined by how bad you want it, personal crave for success guys leads you to many researches and that is the only way you can get it.

Please do not be arguing on this, even if you believe you have studied enough and you still do have negative trading, watch you emotion, psychology is the bane of this business, if you are not discipline, till Jesus come, expect him to meet your account balance the same.

EUR/USD is testing the resistance at 1.3087 around 100 hour simple moving average. There is a minor pivot near 1.3050, and if the market can stay above this and push toward the 38.2% retracement level at 1.3175 there may be further movement up however there is minor consolidation range in this area which means price action here can at least slow down if not reverse.

The next resistance is 1.3210 which was the low of the consolidation range EUR/USD was in the past few weeks. Reinforced by the 200H SMA, the 1.3210 area should provide key resistance. The overall market remains bearish here, and has a chance for bearish continuation, and is close to where the bearish outlook could be invalidated. A break above 1.3250 shows weakness in the bearish continuation even though technically a 61.8% at 1.3318 is still considered within the context of a correction. This may be the last line of struggle for the bearish market. Also if the market breaks above the 1.3210 area, it will have to break back below, maybe 1.3200 to re-affirm the bearish stance.

EU ~ Long & 1.32 is most likely next week.

beejaay:
already out of it at -8pips (i dont consider this a loss). the only funny one is AUDUSD the crazy pair just hit my 50pips stoploss (should av exited it at -25pips but stayed on). no hard feeling. usdchf is climbing up and paying me back the loss on au

Still on EU long.

beejaay:
u need to move away from aving a fixed stoploss and take profit. try and allow the market to determine the profit u work away with and the stoploss u are going to put. if u are trading with market sentiment, there is no way u will have fixed stoploss and take profit. try and read through kelly's formular for trade management. it helped me understand how i manage my loss and my lot plus my profit. just trying to share wat i know, it myt be useless to u though (mean no offence). and again bros if marketiva dey dull your hand move to a better broker

No offence? What has helped me in forex is personal training & people like you. I have always appreciate your contributions the moment you showed up on this forum, I went to read the other stuff you recommended to me on forex factory, this is not show off thread, we are trying to make real money, I am trading with passion my guy, I deserve a life better than what my country has given me. Most of us here are like minds and any advice should be taken serious so far you are not trying to put me down. I am the fool only people like you can prove if I am not one. Cheers.

beejaay:
bros do u av a fixed stop loss and take profit for all your trade??

I trade with marketiva & they do not have trailing stop. That is the way I trade I can only shift position with my signal continuation supporting current trend but I must set it fixed should in case, all this stupid spike.

Thanks @honeric01 & @beejay
My stop is always 15 pips when my TP starts from 70 pips, can u see now that whenever I am wrong the risk is minute. The market has been in range for a while though I like to swing but this time around I have no other option than to scalp the life out of this thing, I tell you a lot of anxiety.

honeric01:
EU is going straight down to at least 2990 in my books o, not an authority o.

beejaay:
bros that myt be too early. y not wait till it get to 1.3002 if u ever gonna buy?? and that price u mentioned 1.31x i dont think we are gonna see that again this month so i would nt even there think about it. just my own observation sha

Do not be too sure guys, meet me at 1.32 next week.

EU ~Buying now from 1.3025 meet at 1.309 or 1.31x

odiaero:
Scalping all the way, but u have to take permission from me b4 u scalp------------------------------------- Joking

Then u must be Grand Master in scalping.

EU ~ If Price pass 1.3050 meet me at 1.31

tonjoan:
una weldone o. i no het that power. na 2nd week in jan i de return.

Get refreshed it is good for body & soul. Expecting u in business next year then.

tonjoan:
scalp?

Yes now! If you must trade, na scalp fit this kind market. I don start they do am since yesterday & I was lucky with total of 100pips. I am already on 20pips today.

Before! before!' iyen ni wipe tipetipe' Even before dem talk Jona I know say na dull go complete am. Naija for show, Action is needed. Our mentality is somehow so we need a tough leader like Gaddafi although must be democratic. I hope say Naija go better one day. U know say most harsh words na truth but most people do not like it,

^^^

Na wah oh!!

No liquidity. Market dey quiet.

EU ~ @1.3007 up we go. Daily pivot.