₦airaland Forum

Happy nu wk mates, let the pips be with us.

frenchman2:
hello,

woke up this morning, and this is what i saw on my fxpro eur/gbp monthly chart

i have attached the chart for you to see the spike i saw this morning. unbelievable. 1850 pip move under 1min.

I equally attached eur/gbp monthly chart from fx open for you to see the difference.

Only God knows what fxpro is up to.

let me know what your charts are saying on this pair.

may God deliver us from the hands of these brokers.

I'm at looking at the pair right now on 4 other pltfrms and I didn't see any spike like your FxOpen. I bet this must ve been done to stop out a huge volume and profit making client. What a killer spike there from an assassin broker. This confirms brokers are thieves to the core and doesnt ve traders' interest at all.
Hey nice one again on your Cadchf, that was totally a great and insightful move there. Keep it up bro.  Sent you an email

whirlweend:
Hello people.Hello season 4,this thread is really bullish.AUDUSD-AUDJPY-AUDCAD on my radar,playing hide and seek with me but I am patiently waiting to apply my sledge hammer and knock the living pips out of them even if that's all I will do in the next one month .
Good pippin all.

unto long or short?

From the currency Strength meter, GBP and CAD don vex, see bulls! Abeg AUD and NZD follow go up abeg.

frenchman2:
if you're a scalper, ok.

i'm actually short on that pair, entered at 1.4517 two days ago. targeting 1.4334

Are you talking about AU; Can you write your price properly?
I'm not with you on this one oh. Na bulls I see everywhere and I think they waited for a corrective to continue Up. Anyway, I may be wrong sha as nothing is certian in fx.
I'm long these commodity pairs NU,NJ and its not a scalp. (hopefully)
Nice previous calls on gold and eu.
Can I get your email add? or betterstill, write me on my dummy address: da.ghost63 at yahoo dot com.

nzdusd and nzdjpy wake up and run.

ncpat:
picture taken 13/jan/2012 @ 7:30am nigeria time

What a fall and rally on most pairs. Did you guys catch the moves.
@ncpat,From ur pix, i think EU reach a high of .28778 on my platform so by your system and by that buy trade, u may ve been stopped out or u manually took a small loss? Anyway, congrats to all that took some pips outta the market and pips-wishes for others that got burnt.

Zeddicus:
Very quiet market. I feel somehow not having an open trade.

loooooooooooooooooooooooooooooooooooool
I prefer am than to see opened trade in the red!

mrkt stopped out my EU cos of tight SL but gave me another opportunity to re-enter @.2771.

Concept:
EU ~ House I am seeing eu @ 1.28 - 1.2930 by wednesday.

me too but na 28++ i dey wait for first. The rise of Commodity pairs like AUD,NZD and CAD shows risk appetite returning to the mrkt. This should drive stock and the indexes up so EU and co may head up too. No better news today, so technicals are in charge.

What a risk appetite mrkt.

Concept:
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.

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.

Concept:
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?

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.

HAPPY NEW YR PIPS-MATE
SUCCESS ALL

frenchman2:
sir, thanks for your observation and comment.

AUDCAD---R/S at .0457. You might wanna take profit there! Good call anyway. I longed gCad +24pips ago!
Merry xmas all.

werepeLeri:
nonsense

I guess Internet wahala didnt allow you watch them
d.u.m.b.a.s.s

You dont wanna miss this confessions of why Nigeria and other under-developed economics wont make any progress ever!
Part II of this interview at
https://www.youtube.com/watch?v=yTbdnNgqfs8&feature=related
Part II of this interview at http://youtube.com/watch?v=29GhXsx7-Rs
Talk by John Perkins
https://www.youtube.com/watch?v=UVAcyvToTt8

@wizecoder, ok. i get it .
So Can you code just a sound alert on trend fractal formation (just higher highs or lower lows formation) with a property of changing the trend?

Concept:
Sometimes it is like that you want to see what you want to see but as usual you will pay dearly for it. I am back on the right track dat is why I hv you guys. Happy pipping

U dey laugh me if I catch u.

we are here for one another bro,
na odiero's "forsaking you statement" dey make me laugh

Concept:
Too bad. I am not seeing well this morning.

odiaero:
U are alone my guy

looooooooooooooool,

Thanks. Can you reprogram another one? I'd appreciate that, esp the sound alert on fractal formation?

frenchman2:
My chart pattern analysis for gbp/cad

i've been stalking this pair for sometime now. it has broken out of the symetrical tiangle without my spotting it.

all the same, i just saw and immediately pulled the trigger.

maybe i should have waited for 1.6074 support to be broken and tested first before entering.

4hr trendline broken and tested.

did you notice the double top formation on the daily chart. Besides, on the weekly it's been ranging for sometime now.

sometimes when prices break out like this (especially when falling) it just goes without retesting support/resistance as the case may be.

tp at 1.5900 won't be a bad idea.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

usd/chf alert i posted earlier is +102pips and still counting. never underrate the power of macd divergence.

whirlweend:
@Frenchman2, bros, hahahaha, I know what a macd divergence is,I use it too sometimes and I also trade with the pin bar only on the daily.I was just being cautious as I trade more on the 24H TF and a bearish pin bar just didn't show up there.

GBPCAD, hmmm, you know your stuff bro.I pulled the trigger in the wee hours @1.6171 and will add to my position when 1.6076 area is broken.My TP is at 1.5969.

I have stalking this pair for a long time too. I even wanted to place a sell/buy stop few pips to breakout of 4h trend. See how i missed the first 81pips. Well nothing lost, I'm in and its suddenly turned green(+pips). More South move expected,
@frenchman, can i ve ur email id?

trendwize:
Plan your trade and trade you plan if you trade with strict set of rules then i can automate it for you.


Post your trading strategies here or contanct me on wizecoder@yahoo.com

@Sent you an email of my strategies, Hear from you soon.

trendwize:
i code perfectly in mq4,  post your strategy here or pm me

@trendwize,
No PM on nl. Gimme your email.
I am a novice in mq4 coding and I think I could use some help in programming my system.

prof edet:
@ ehizmac, i am updating the result of the system u commented on, there seem to be an improvement on the profit, as compared to the result on page 36 of this thread

Use it on a live account of low capital, maybe $200-$500 and tell us the result!

[color=#000099]Missed out on the ride from the beginning but thanks to Scalability ---Scaled down to lower TF using my system, entered NU, UCad and Uchf and am up by 37, 58 and 23pips resp. My entry order missed the EU by 7pips and now it fell from there by 76pips, (wish i took the mrket order!). Anyway, more opportunities are ahead!
Lessons I have learnt in 2days closing my Echf and GU sell positions: Stick with your system and be patient with the market, else you are not ready to make money from forex.[/color]

Spot Gold (NY Close): $1677.32 // -46.63 // -2.70%


Gold continues to moves in the US Dollar, hinting the yellow metal is likely to recover over the near term as S&P 500 stock index futures point to a recovery in sentiment that saps demand for the benchmark currency. The overall outlook continues to favor the downside however as major headings from the Eurozone debt crisis and the overall global growth slowdown remain in place, hinting the greenback larger trajectory is to the upside.


Sizing up the technical landscape, pricesbroke through support at 1711.13, the 23.6% Fibonacci extension level, as well as the rising trend line set from the September 26 low. The bears now aim to challenge the 38.2% Fib at 1654.44. The trend line, now squarely at the 1700 figure, has been recast as near-term resistance.
http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2011/11/22/Crude_Oil_Gold_to_Rebound_as_Traders_Rethink_Impact_US_Debt_Stalemate.html

morning all.

mrkt is getting closed.

aguiyi:
am selling eu , silver and crude from mkt price

why not wait a little for some retracement on silver to 31.20-,50 before sell? 31.00 is a strong support for more than 4hrs now?

aguiyi:
i will probably be looking for a sell from price

Now i respect your scalping skills and price action calls!