₦airaland Forum

I need to wait for another sell signal that is long term.

tonjoan:
Na wa for u o. quite see it in same vein.

Good morning pal. Another day to marry pips.

Buyers are struggling to get hold of the market, sellers still in control.

If it is ok for ur own style I think EU is sellable.

Are they selling EU ? It is good to know pls.

EU? Struggling to survive we shall see.

EU go still slam & force of gravity will act on it, no doubt. Sellers on top.

tonjoan:
I hope those specs I gave you are helping your forex sight a lot.

Too much, no one is island of knowledge, I will always be better than before if listen to everybody and make it one.

tonjoan:
I salute your eyes.

The eyes nearly got blinded before it started seeing well.

EU is eyeing 1.32xx

shina88:
Successfully trading FX or any other market at that implies one keep a good eye on the price because it is the graphic representation of markets participant's behavior and perception about the value of the market.

I have being trading FX for more than 3years and i understood that price is the key thing, it discount everything in the market.

My recommendation for today is to go long EU @ 1.3470 with SL @ 1.3420 and TP @ 1.3520.

Thanks

I believe this is to take few pips against the trend, Sellers own today though technically who knows what fundamentals can bring.

Market is noisy but same trend remains valid.

unclenna:
just entered sell for CHFUSD using the daily chart. It might take days but,

USD/CHF ~The buyers are just getting set to rocket, wait for further signal. cheers!!

tonjoan:
I know there's a support there i just don't feel comfortable going against trend as in my view eu is still very bearish. So i wait for the minor retracements and add a further position along the waves of the existing trend.

This is just the way to do it. Same here tonjoan, add to ur position at every minor retracement especially on 5minutes chart and at the other hand be checking 15min to guide if it has reach its limit for a bigger retracement for you to close shop immediately.

LaconicINC:
I think D bulls are warming up on GU

If they warm up now they will be cold at this level 1.5750 area probably if at all it gets there. Trust me. Seller are here to stay. Expect some serious movement down soon.

I dey oh my brother. This week shall be ours to rake in all available pips.

tonjoan:
It's playing out just as anticipated.

Yes but here is the bomb.

eur/gbp look a good buy today.

wafer247:
watching GBP closely for a buy opportunity.

Sellers seem on top.

aguiyi:
i am bearish biased on eu and the light crude

Ur head dey there! 'Ori eh wambe'

France and Germany continue to clash on the role of the European Central Bank in the crisis. At issue is whether the ECB should intervene to halt the Eurozone’s accelerating debt crisis given that modest bond purchases have failed to end the rout. France seems to be pleading for stronger ECB action. Yields including those for France, the Netherlands and Austria have also climbed. But German Chancellor Angela Merkel made clear Berlin would resist pressure for the Bank to take a bigger role in resolving the debt crisis, saying European Union rules prohibited such action. And ECB policymakers continue to reject international calls to intervene decisively as Europe's lender of last resort, stressing it is up to governments to resolve the debt crisis through austerity measures and reforms.

Even though Greece and Italy have resolved their leadership questions for now, markets continue to focus on the evolving and escalating crisis in Europe and its spread to some of the more stabile countries such as France and even Austria and the Netherlands. While the ECB has purchased bonds to ease interest rates, it continues to say that it is not a lender of last resort. The situation in Europe has eclipsed a string of better than expected economic data in the U.S. with negative rhetoric drowning out the good news.

On Friday, European Central Bank President Mario Draghi signaled that the institution is unlikely to move more aggressively to contain the crisis amid calls by France and others to play a bigger role in providing a firewall against further contagion across the Eurozone. Instead Mr. Draghi, in his first major address since becoming ECB President on November 1st, told a banking forum it was up to national governments to move quickly to implement previously agreed upon plans to leverage up the firepower of the European Financial Stability Facility. "Where is the implementation of these long-standing decisions?" he asked.

I think with this news my sentiment about the market is that EU,AU & GU will be travelling south this coming week.

http://fidweek.econoday.com/reports/rc/2011/Resource_Center/Archives/IP-Archive/11-21-11/index.html?cust=mam&year=2011

@ pip love-vendor

what you hope for and what is reality are two different things. . . . . .don't know about audusd but eurusd's target is 14000,  . . . this overdenpence on indicators sef. . . . . . .the sooner you start seeing the big picture with a dose of patience the better for you'all. . . . .a lot of people most likely will lose all those pips gained on the pair just because of shortsightedness. . . . . .anyway, goodluck y'all.

My guy take am easy. I hv gone thru some of ur post no doubt u are good but if u can be taken out despite 300 pips allowance, u must also watch it. I cannot guarantee that neither you nor me is safe in this business until we work on others moves(analyses) rigidity is dangerous while flexibility in forex is rewarding. I believe if I know what u use I will not throw it away like that, I will try to align it with my system & if it doesn't work that is when I can discard it.

Let me tell u I hv learnt a lot here & I am still ready to get more. I hv spoken with some guys & to be honest something new came up although some known to me but I hv not laid much emphasis on them, adding them to my arsenal of tools is a plus. The other time @Zeddicus caution me about my call, I checked my previous posts that day and accepted any newbie following those kind of calls will lose beautifully and to be honest that day was also hell for me.

Let this place humble you, pass ur message out having in mind those guys you are communicating with are also here for a purpose and everybody cannot be wrong & sometimes we can all be wrong until things start unfolding in the market then we get into the right direction. We are speculating, so it can go either way. All you have seen are on assumption and treat them as one, pass your own to us, we will have it cross checked with ours. No offence, just my unbiased observation. Thank you.

honeric01:
My TP on GU hit, 2 more to hit and as for EU, i still favour 1.36 or at least 1.3580.

EU ~ If Asia starts from 1.36 believe me do not think of going up further it will just be the exact of last week scenario. check 4hrs chart with stoch 7,3,3, it has crossed & @ MA(18 ) acting as resistance has been touched also in 4 hrs chart therefore let the downward movement begins. For 2 weeks now stoch 7,3,3 is crossed in weekly chart.

silibaba:
forget d retracement.audusd eurusd is still downtrend for the rest of next week.always stay with the trend.audusd tested resistance level yesterday and couldn't break it.so selling is wot am hoping for.
may the trend always guide us.

100% in support of ur view. Happy Trading.

aguiyi:
dont start

exited both b4 mkt close with -6+4= -2

Long no more brother. Downnnnnnnnnnnnnnnnnnnnn. They may take the position above the current market price but 4hrs & weekly has shown bears to be in control.

LaconicINC:
@Concept,email is e_laconi@yahoo.com thanks alot man,let me Oliver twist a little,pls snd any oda stuf dat can help me improve my trading.Realy appreciate it bro!

Done.

Chart Analysis ~ AU, EU,GU against USD are down next week.

LaconicINC:
@ Concept pls can u send me the currency strenght metre? thanks a million in advance

I hv been away from my system. Give me ur mail address.

today na today I wan chop belleful.

@ tonjoan

It is very straight forward just pair your weak currency with the strong one, then go to your chart anytime price action retraced on its return to previous movement enter provided the strong remains strong n weak remains weak. Weak Eur and Strong Usd is equal to sell & vice versa. My last statement is not for u oh! oga mi but for the benefit of newbies.

@tonjoan I hv sent to ur mail, I hv tried enough the issue of 200kb size on Nairaland will not give me any chance. If u know better pls upload it.

Currency Meter Strength. Only work with metal4 platform. Go to TOOLS then OPTION thereafter click on ENABLE DDE SERVER. I thank Aguiyi once again for hint on this option. Add it to your trading arsenal guys. Guys I will need to reduce the size of the attachment.

EU ~ I expect market to turn around 1.3635 for bear's ride.