₦airaland Forum

@ JAKpayen The bullishness in Euro maybe traced to the EU Summit for Thursday & Friday were a positive outcome is expected to resolve the debt impasse but we should not also forget that RBA is likely to cut interest rate tomorrow which may make EU become bearish in the short-term due to correlation. Please let's factor this into our trading plan. I remain bearish in the short-term.

Enjoy this bullishness until the day in question comes. As for me and my household ' Do longgggggg thing on EU we will be evangelising ' Good luck.

[quote author=pip love-vendor link=topic=800194.msg9699551#msg9699551 date=1323103184]You are buying Usdchf. . . .really?. . . .hope you are trading the 5min time frame 'cause that is some serious gamble.[/quote]

EU ~ With what I am seeing my Bollinger Bands' upper limit will be bursted this week. @ pip love-vendor analysis of some weeks back is starring at us afterall. Are you doubting 1.39xx or 1.40xx let me know with reasons please? I am not a fundamentalist prove everything with chart (technical trading). If u go by what news is saying about euro u will enter wrong trade, take position on what ur chart tells u.

tonjoan:
And fluting was saying he doesn't know how we guys look at our charts. I felt slighted by that eventhough I refused to let it sink.  

@tonjoan when you see such comment, u don't react, somebody that is honest with himself will learn from what he sees, like I did when @honeric warned me. Although mine was like jumping before the market because it eventually did but it is always good to check others out when they are affirmative on a subject.

The upside breakout of 1.347 will open the way to 1.3545 & 1.357.

EU ~ Like play like play 1.35xx is becoming reality

ehizmac:
well seriously i dont belive in all those overbought or oversold region because i see those level as unending, anyway happy pipping guys because am still holding my positions,
GU, EU, AU, AJ, NU long
while UC short,
this position has been open since last week,
been a trend follower aint easy but with the right cash you just keep smiling to the bank, just my one cent

I believe in u. Enjoy.

lawson007:
I wish i am Fx James bond my brother, because fx market needs any weapon,any "juju" or agent or anyone or prophecy that can tame the market for us,  becos if there is such then we don hammer be that, 7 digit withdrawals per week u get my point?

I dey feel u. Unending withdrawal. We will get there. When u see 4hr stochastic crossed @ oversold area and thereafter playing I mean taking time to move, expect a blast soon. My own view though.

EUR/USD intraday: key ST resistance at 1.347


Pivot: 1.3470.
Our Preference: SHORT positions @ 1.346 with targets @ 1.334 & 1.3305.

Alternative scenario: The upside breakout of 1.347 will open the way to 1.3545 & 1.357.

Comment: the downside breakout of the 1.342 congestion area calls for further weakness.

Trend: ST Consolidation; MT Bearish

I got this from e toro, still I can't follow it because it contradicts what I am seeing. I made my own mistake last week & I hv learnt from it.

Although nobody can predict next line of action in fx market but if you are truly technical trader that based his/her analysis on chart reading bears get no chance for this period but who knows?

This how my 4hr chart looks, the reason why I will agree with @ pip love-vendor of EU reaching 1.39xx or 1.40xx before selling again.

lawson007:
@concept,
congrats i just got the confirmation for buy on my 4 hrs chart.this  is 11.00 am(Naija time)
on the 1 hr chart Eur may have upwards movement for 5 or 6 more hours.
Check where the market will be by 4/5pm
my guess is 1.354x( like i always say all things being equal  )

That is the concept. Enjoy Mr. Lawson007. Are u fx James bond?

beejaay:
looking at the heat map from my end. the bear have got more potential than the bull atm. there is so much hurdle for EU to overcome on its way up. 50% and 61.8%fib is yet to be taken out on the hourly. and there is also confluence on price action at the 50% and 61.8% fib. i will only start considering buying dip if the hourly break and close above 61.8%fib and provided that price sit comfortably above cci55. i will add small short if the pa fail to close above hourly 50%fib.
just my 2cent anyway

lawson007:
Eur may start selling from 1.3460 till 1.3340 or 1.3305 by extension.
1. Let the Uk come in to confirm.
2. but if Eur breaks and close above 1.3470 by 11.00 am the up move to 1.351x
3. or if the 4 hrs candle closes above 1.3460 then bull power

Noted guys. Cheers.

EU ~ @1.351x possible, I believe with the movement today. It may eventually get to 1.362x but 1.351x looks more probable.

Refineries maintainance? Go to Aba & ask guys that refining Oyel in a building, they will tell you how to maintain refinery. Many benefit under chaotic situation & that is exactly what is happening in what we called our dear country. I wonder why somalia dey lead us for most corrupt countries in the world. We never even show for first 10.

Why should they subsidy fuel for independent marketers for God sake! While they have been selling fuel to us at exhorbitant rate all this while. Corruption in the air!

[quote author=pip love-vendor link=topic=800194.msg9681334#msg9681334 date=1322859359]A very very nice trade to ponder over the weekend. . .the audchf and audnzd pairs. . . .both are seriously ripe for a good sell. audchf just completed wave 4 and is in wave 5 zone for a good 700 pip drop. . . .audnzd is also in wave 5 territory and will drop to 12892. . . . . . 3-400 pips, . . . .think about it. . . . . .another good trade is the usdchf. . . .it is in the final stages of wave 5 and we are looking at a 4-500 pip drop to 8800. . . . .good luck for next week. . . .remember all calls come with a 300 pip stop loss. . . . if taken out place a pending sell order at the stop loss price and just wait for price to come to you.[/quote]I love you & I mean it. The only thing you need to work on is your emotion, too brilliant. when you analyse it becomes more clearer. My EU sign is not going down again I am already in a long position @ 1.3390 to take bullish journey.

FOREXMART:
and the eu starts tumbling down as usual. Just like  said, wait for it to rise, the slam dunk em back to the ground lol How una dey?.

Tumbling time has ended. Go & rest till Sunday night. I think U can still chop small up on EU before u go to bed 1.3390 till u are ok.

ehizmac:
am in support, just like a get together then maybe becoming an association where out of our yearly trade we can make a little contribution to support the less privilege in the society, we could just have a vision and a mission , see you at the top

tonjoan:
Like a nigerian forex traders association. so that we can give voice to this profession. it's high time we be seen as professionals eking out a living from it and not seen as a bunch of glorified gamblers. Stuffs like that.

Zeddicus:
I get it. Like a christmas get together of some sorts say next year aight?

This is becoming interesting. This will be nice. Online to Offline.

ehizmac:
well guys, after the plenty NFP nonsense i still feel the trend is just the way out, salibaba hope you agree with me, anyway am happy to be a member of this lovely family, and knowing guys like Mr concept, salibaba, zeddicus, naijababes, tonjoan, forexmart, honeric, GP 15, odiaero makes the whole stuff interesting, love you all guys, i think the trend speaks more of volume, all my trades are intact until i get my exit, happy piping guys

Wel said trending ehizmac. Do have a wondeful weekend.

Zeddicus:
Thats why i wonder what these persons that say 'i only trade fundamentals' do. NFP is as big as it gets when it comes to fundamentals,but yet it hasnt done anything noteworthy since 'God knows-when'. Whatever sha,all man with im own.
Looking at entering an eurchf long trade before market close.

Exactly, sometimes I used to have this feeling of ignoring it & go on with what I see on chart which even in the recent past has been valid.

silibaba:
ehizmac I posts yesterday that nfp will give an upward spike today.extra 200pip in my wallet.I feel like dancing galala

may the trend be with us

Silibaba & ehizmac paddy for trend.

Can u see what I said in the morning NFP impact no dey dey like b4? where u go serious spike.

tonjoan:
Honestly. I'm so in love with this family. Very soon we shall take it beyond the online walls and get to make something concrete out it.

In support.

honeric01:
u type like a good facebooker lol.

tonjoan:
I de my bro. Just got back to my system. The charts speak volume. If one knows how to interprete the big pictures he gets to know where the news will swing the pendulum.

FOREXMART:
@smithereen. Am happy your happy with trading point. 1 question, have u ever been requoted? I dont fink so. Anyway enjoy em. Very good stp broker.
@concept. Nufin do u.

ehizmac:
Mr concept, 10gbosaa for you, anyway hope we are warming up for the news but meanwhile am holding my bottle of champagne make i pop incase it goes in direction of my trades, tonjoan aka d man where are you

I can bet it say the move down than na shakara. I remain with my long thing. This is how this forex family should be. Love in the air and money in the bank. Gbosaaaaaaaaaa!!!!

Ready to go?

I concur massive long EU @ honeric gbosaa!! for u. @ pip love-vendor; Mr consistency @ tonjoan; No big deal u are d man @ ehizmac; Mr Momentum @ forexmart; smooth operator @ aguiyi; Mr Gold. Progress guys.

I need to rest. Not getting it. See you later.

JAkpayen:
Let's take a poll: Which do we see first, 1.36xx or 1.31xx

Definitely 1.36xx

I get u better now @ 1.36xx is your preference. Lets see where the big boys decision is. This market is tricky.

[quote author=pip love-vendor link=topic=800194.msg9676220#msg9676220 date=1322815043]@concept thank you so much for that post that i commented on. . . . . if you hadn't posted it i would not have bothered to look at the monthly chart which i try to stay away from. . . . .yes eurusd is bearish. . . .very. . . .but only on that time frame for now, but the key point is on the that time frame it is in the process of completing it's 4th wave which is very bullish. i was wondering why eurusd was directionless for a long time not knowing the real action was on the monthly chart. . . . . so in conclussion 14000 is a stop gap for a further tp of 15000. . . . . . and don't get me confused. . . .price will dilly dally. . . .but the overall bias is up. . .[/quote]Thanks guys the way things are now I am thinking of going long but with very strong confirmation. I remain flat. @ honeric honestly I regreted not yielded to that call I am not in red I exited that trade with 10pips not my day at all.

JAkpayen:
Let's take a poll: Which do we see first, 1.36xx or 1.31xx

Definitely 1.36xx

U want me to play poker with my money? Thank you.

ehizmac:
the market has been quite because of NFP to be released today, NFP, today na today, 2.30pm nija time  before someone misunderstand me again, tonjoan, concept, pip love-vendor, salibaba what are your predictions , although i had a dream about the news pls dont ask me about the dream oooooo

NFP ~ Look back the last 3 months NFP news had never made so much impact in the market sometimes 100pips up & down and later continued with the trend like before that unexpected can happen. This is just about currencies where people go for the strongest. If dollar is good today euro is doomed & with the latest happenings I still doubt the magic from euro zone. Lets wait & see. I speculate EU to be down.

odiaero:
EU from what am seeing on the Daily chart will blast up today

I agree with you I am seeing that on my daily chart too but sleaky stuff in recent days. I will have to wait until I am confident enough with all TF in agreement.

Quote from piptrapper ~ not from Nairaland.
Well simply put I just wanted to make a point about how the US economy (at least in employment terms but not discounting manufacturing and services) is improving despite all the headwinds out of the European debt crisis. At the same time, the European econ data is on a downtrend, and is not delivering any promises of improving any time soon. Therefore, this further reduces any justification for additional QE by the Fed. So what does that mean? Quite simply, it means that the US should still be attractive for yield seeking foreign money. No not to invest in fixed income, but rather in the equity markets. This means a stronger USD because instead of moving the safe haven funds offshore, investors may just move them from fixed income to equities. It will not break the RiskAsset/USD inverse correlation but it will most likely mitigate the effect which in the end makes it more possible for the Euro to dive further down towards the 1.20 area. Ahaa!!! Yes that's right, did you expect me to be Euro bullish all of a sudden?

EU ~ The way this market is moving 1.36xx is not in view at all. My sentiment still remain short even with the NFP coming, too many signs pointing to that direction. @ honeric may be we are still going to meet @ 1.315x non stop but I will add, this is not the right time to place a trade. I just have my bias close to my chest & any movement that supports this I jump in. It was like no trade for me at all yesterday, I escaped with 10pips.

ehizmac:
@FOREXMART @Concept @silibaba @tonjoan, thanks bro, at least now i know that we are one family just that road to FX no be small thing, my girlfriend abandon me because of fx because i couldnt pay my tax anymore ;Dwell been a full time trader i no get any other job, i trade for a living and am happy, so i hope to learn from the like of[b] FOREXMART,Concept, silibaba, tonjoan and naijababes[/b], i respect naijababes for her mind she is , happy piping

One love. You are welcome.