₦airaland Forum

tonjoan:
I see what you're seeing but i will place a tight sl.

EU & GU na strong buy. This one na minor retracement, na dancing time we dey, spiral movement till it gets there. For now I see 1.3480 all things being equal. U know now. Na fx no be me get the business.

tonjoan:
`1.3570 slowly but coming.

Eagle eye.

odiaero:
Am happy now

Happy like Dappy.

EU ~ This looks like journey to 1.35

Bulls are warming up if not already playing.

Zeddicus:
Bros no matter what happens,always use your stop loss o. Imagine what would have happened if the spike was as huge as what we've see on JPY and CHF pairs this year? Abeg oo.

Thanks.
Taken & considered vital.

odiaero:
What do u mean by there we go again? Abi just because we two type on nairaland make u think say we be mate?

Make u no vex.

This one reason u are tempted not to use stop loss at times but u can never be so sure in fx.

That spike caught my stop loss. EU but it is still bear.

Thanks just added to my tools especially the concept behind it.

beejaay:
price dont move far away from smaller moving averages and also clear trend can never be created if smaller EMAs are below high number EMAs and currenctly ema8 is below ema55 and ema200 while ema55 is also below ema200. no matter how fast the price move when smaller is below higher number ema it will most certainly return back to its original point. this i just shared is used by the informed traders to gauge inefficiency of market movement. i just wished to share this little secret (not a secret per say if u already know it)

beejaay:
bros e go hard for that GU pair to go up. there are plenty of soldiers against its going up. looking at my chart all i can see is down first to gain more power if it ever gonna go up. with the current tempo my chart says no way, there is just too many confluence against the bull (50%fib of the last move, 55EMA, 200EMA,26SMA,8EMA and a diagonal trendline all meeting at the same spot) but again this is me talking, the market can say something else

I do not know how u do ur thing but it makes sense.

unclenna:
this market has positioned itself to go north after a south move. Is time to go north for eu and gu. My 15min and 30min stochastis 9 3 3 supports it. Thatz y am buying eu and gu. Who will believe our report. For those that understand price action check the 15min chart. This call is for intraday traders.

For EU I believe it still have one move to 1.334x region before heading back up.

pip love-vendor:
Tired ke. . .i just wake na. . . thank God no PT this morning . . . . .all my trades still tied up ooooo. . . .eu long. . .usdjpy long and usdchf short. . . . december trading has always been one kain. . . . .

Ok you are welcome. keep gbaladun.

^^^ Are u tired? Go & sleep. U had enough.

EU ~ I think it is going to end in 1.3375 but it will move further down but not guaranteed to reach 1.3300.

beejaay:
seconded! All route lead to heaven if used and understood very well.in this biz all we need is an edge which can be gotten from any mode of analysis

Everything is equal to money in the bank.

tonjoan:
The rally is strongly taking shape. Only one more resistance to clear.

If it must rally it will be between 1.3450 to 1.3375 (Bears in charge). Why? Daily pivot is @ 1.3388 R1 - @ 1.3442 S1 - @ 1.3346. The reason why I like to follow it is that my setting of stochastic has reached overbought in 15minutesTF, & historically this has been a repeated scenario. This is strictly my own observation & I like u guys to post & give us reason so that we can cross check with whatever system we are using. I believe we can help ourselves. Although, na so EU go dance galala reach 1.38 as I dey see am.

aguiyi:
i have a dream," that one day and very soon, i will sack my boss" , ami o

are we there yet?

Dream come true.

Living as traders, you will meet absolutely different, occasionally fantastic traders, who will try to prove to you, that some way of analysis (likely that they use themselves) is a best. You will meet fans as technical analysis as fundamental, may be even other types of analysis that we do not even know (moon cycles). Don’t be confused by these one-sided enthusiasts. No one type of analysis is better than the other. They are just a possibility to look at the market from three different points( sentiment, technical & fundamental), and you will get 3D-picture, instead of 2-D, or even 1-D (If it’s possible at all!). Although, that is what we call a rule, most traders pick some type of analysis as their primary one, because it gives best results or is most suitable for their particular way of trading and some go beyond primary to secondary types. Trade anyhow get result.

EUR/USD: Remains locked in some consolidation following the bounce out from 1.3200. The key levels to watch above and below come in at 1.3550 and 1.3360 respectively and a daily close above or below will be required for a clearer short-term directional bias. A break and close back above 1.3550 will suggest that the market is still in the process of correcting and could head back into the 1.3800 area, while a close back below 1.3360 will open the door for a bearish resumption and retest of the key October lows at 1.3145.

This thing will make serious move run down when its ready.

JAkpayen:
I wish I can have so much confidence like you in this business. The move in EUR/AUD may be stalling EUR/USD uptrend.

leopower:
if we must trade what we see, my edge says sell E/U

Invisible forces in action but I see selling as most closest to profit.

ahahahahahahahah!!! Good response bros. Happy pipping.

Oracle just spoken. This move may take it to 1.3305

odiaero:
Kai, enoug confusion already in the house, some say buy, some say sell, which one people go follow?

Are we there. Sell with me @ 1.3390 to 1.3305.

@ aguiyi I am going short now @1.3390

honeric01:
to go short, crawl under a table

to go long, climb an iroko tree

Things have not been the way it was this recent past, as you can see conflicting views in the house & I promise you all will likely come to pass because we have seen that before. I will advise you to have one on one with some of the guys here either on messenger or skype, they might give u tangible advice based on your former experience but to tell you where to short or long is suicidal. Nobody is ready to take blame if you are screwed up.

beejaay:
bros one doesnt have to be a diviner or a fool trading, all we need is to be a trader. as a trader i dont give a damn about being right or wrong, cos i know i will so many times and will be right maybe a few times. i dont trade to be called a hero of speculation, i trade to make money so if win great and if i lose sweet. the end justify the means

Fx = win or lose is equal to profit. My cap in my hand for u, I even bow sef.

EU ~ Bears will greet 1.3305 before the end of America session I think.

EU ~ Bears. Yes! Bull. No!

EU ~ Guys watch resistance @1.3465. Now it is observation. All of us have our trading plans and strategies. Na wah this recent days. I can't call anybody amateur here as you can see nearly all the contributions made so far had substance. Someone said buy market bought another said sell market sold. Do you know where the problem lies. Entry & exit. Nobody expect it to be in one direction. Wavvy has it been and it will always be. Know your support and resistance then watch your chart very well my own kobo if u want it.

No comment now because forex is the one that turns diviner to fool. 'Abiku to so ologun deke'

EUR/USD: Remains locked in some consolidation following the bounce out from 1.3200. The key levels to watch above and below come in at 1.3550 and 1.3360 respectively and a daily close above or below will be required for a clearer short-term directional bias. A break and close back above 1.3550 will suggest that the market is still in the process of correcting and could head back into the 1.3800 area, while a close back below 1.3360 will open the door for a bearish resumption and retest of the key October lows at 1.3145.

EUR/USD intraday: the downside prevails.


Pivot: 1.3445.
Our Preference: SHORT positions @ 1.3435 with 1.3305 & 1.3275 as next targets.

Alternative scenario: The upside penetration of 1.3445 will call for a rebound towards 1.3485 & 1.352.

Comment: the pair is trading in an intraday bearish channel.

Trend: ST Consolidation; MT Bearish

Yes! This is forex it has happened again & expect more. No be my papa business. EU turn south again, still good I am already in the train. What about you? Good morning guys. I pray we all have a good trading day. Happy pipping.