₦airaland Forum

SayDeeJay:
Fundamental: Donald Trump impeached

I don't think this latest development can move market as such because the proceedings now move to a trial in the Senate, which holds the final authority on whether to convict Trump and remove him from office, or to acquit him.
The market can now act vigorously when eventually removed by d senate.

This week's close might determine d new direction of this pair.
No trade on this till next week unless I want to be a gambler.

bojbest:
Like their spreads is too high. Anyone using fxtm won’t be proud of bragging about their spreads. Actually spreads aint a concern to swing traders but its also important when you sell a pair with a stop loss.

See there are times spread will take my trades out without price reaching there on other brokers.


Guy its so painful losing money because of a broker...
Like I cannot trade gold because to place trade with that kinda spread go fear you.

I hope fxtm knows their company has problems and its chasing traders away. If not for their spreads, Fxtm wld have been a top broker in 9ja

I'll recommend FXCM for u.

bojbest:
You aint using Fxtm.

Its obvious. Fxtm is a bad broker. Today I noticed another order activated with it reach the set price on other brokers.

They have the best customer care, withdrawals are fucking slow, deposits are okay.
They are good for newbies because of their cent acocunt.

I’m porting to hotforex in 2020 by God’s grace.

IC markets is a very very very good broker. I wish they had office in nigeria

R u saying I'm not using fxtm?
pls house, let us leave this issue at least for now.
we r all at liberty to use any broker of our choice.

PipMarshall:
Is your reply for me?
I have posted several times here and I doubt I have created an impression that I trade only the monthly timeframe. Plus I wasn't asking people to close their sells.

From my previous posts.. It's easy to find that.
1) I am presently in a sell position on NZDUSD and I am still holding my sell.
2) I intend to go long at the exit of my sell.
3) I have a buy limit order for NZDUSD.
4) My tp for the sell is my buy limit order.

I was only giving my perspective and why I would be trading that way. I wasn't saying I would be buying at the moment. I wasn't asking anyone to close their sells and buy. It's in my previous post that I have a buy limit order. And the price I put the order is also there. I never even claimed I am sure I am right.

Thank you for asking me to look at the weekly timeframe. I must have forgotten there is a weekly timeframe. . I probably don't know what that means sef.

Okay.. Some heads up... You meant to type lower highs.

You see. With my trade plan.. If I am right, By the time many are looking to buy (trendline break that most people will be waiting for).. I will be more 100 pips up in profit. It's all about probabilities and getting an edge.
What will break that the trendline will come from below. A rally from below. And with my trading system.. I identified where the rally is likely to begin from. That's where I put my buy limit. And where I will exit my sell.

You see that I am trading according to my bias from the monthly. I shorted to my entry when I saw a clear short opportunity. And I will go long as planned if things go to plan.

It's just the same way with Eurchf that I posted. I want to sell high up. I can decide to buy as price goes towards my entry if a clear long opportunity comes.

It's why I do market structure.
I pick a side and trade accordingly till there is overwhelming evidence I am wrong.

we r still saying d same thing.
the sell is limited once d upper trend line is broken @ 0.6630. larger picture is long once dt is broken.
I've to respect d sell once d 0.6630/40 resistance still holds.
I can't predict d future of d price,
my sell is still on BUT will buy once d said resistance in broken.

infofirst:
^^@maryjames9. The bro has mucho love for FXTM.

U ve not answered my question though!
Is d difference in major currency pairs more than 4?
Note: u r free to use any brocker of ur choice.
Fxtm spread is on d high side for sure, but in minor/ crosses only and not in major currency pairs which many (especially newbies r strictly adviced to trade majors) trade.
U can then go for minor/ crosses pairs once u ve perfected ur trading strategies.
I don't even know y I like fxtm. May b because I've been used to it.

maryjames9:
I have never hidden my resentment about FXTM. Great customer care no doubt, fast withdrawal and deposit no doubt. But their spread is as big as hell fire. It swallows up whatever enters into it without any hope of second chances. Make them have their best MA or Indicators, their spread can cause untold damage to your shikini money.

U will b scared of there spread if u trade less than 4tf.
4tf and above tf will give room for ur open positions to breath, and not being cut out of d trade.
If your set up is OK and u trade higher tf, I think u should b less concerned about d spread, after all, most traders trade major currency pairs which means d difference btw fxtm spread and others cannot even b above 4pips max.
I challenge anybody ( without rancour pls) to tell m d fxtm spread for major currency pairs compared to other's is more than 4 or 5 .
What is 5 pips when ur set up is OK and trading on 4tf and above?

omodada1111:
Hello bro,
When you say FXTM has the best MA, do you mean moving average indicator?
If yes, what makes FXTM's MA indicator better than the rest?

That's y I said u can open fxtm chart and any other chart and compare them in respect to d candles.
May b I can't explain this online but I know what I'm saying.

PipMarshall:
NZDUSD

Bull or Bear market?

I am with the bulls.
Looks like we are getting a bounce off a fresh demand zone.

However.. There is a concern.
The most remarkable demand zone (2007, 2008 area) is still lower down. I seem to think that the present zone may begin a multi-month rally
That's why my target for the short term short I am presently holding is also where I have a buy limit order. And I am still holding my short.

While bias are from the higher timeframes. We take advantage of the lower timeframes for entry.

U r right based on ur monthly tf but how many of us can trade only on a monthly tf?
U can as well look at d weekly tf( some of us can still trade on weekly tf), look at how it is forming higher lows on several occasions, u can as well use trend line to connect d lows and try to deduce something objective from it.
I think except d trend line that connect d higher lows on d weekly tf is broken upward, d sell biasness will still b in place.
0.6600/30 will do this for upward move to take place.
WEEKLY TF, 2weeks ago candle was massively bullish, whereas, last week candle was a doji one which means buyers and sellers are now 50-50% of dominating this pair.
This is y daily tf which is next to d weekly tf in question comes to play.
My opinion though!

Concerning nzdusd, my biasness is still sell based on d above analysis on a daily tf but ......
It keeps going long whenever it comes to d mean price, 4 tf confirms this by going long whenever d price touches 50MA.
D 50MA on a 4tf has to be broken first( this is because of d EARLIER DISCUSSED MEAN PRICE) b4 d price will b forced downward on a daily tf.
But over all, it is going down.

meshpips:
When the ATR indicator is applied on the weekly time frame, it will show us the Average Weekly Range. The default 14 period setting might not give us a statistically significant reading though (I usually recommend using 52 periods or a multiple of this value as there are 52 weeks in one year).

Now, Range is simply HIGH - LOW.

It is a measure of DISPERSION. As such, once the Average Weekly Range has been done or exceeded, it becomes logical to seek opportunities for a MEAN REVERSION trade (where we expect price to trade back to the AVERAGE price for that week).

It is note worthy to state that BOLLINGER BANDS (standard deviation) can also be used as a measure of dispersion. In this case one can seek opportunities to trade back to the MIDDLE BAND (average price) AFTER price closes either ABOVE the upper band or BELOW the lower band.

U r right once again.
This is when I use 4tf to trade d mean price of any pair when d opportunity comes. The trend is long on this example for daily tf but we all know that correction will happen at some point, ( coming to d daily mean) , u can see how d price bounced back up on a red colour( 50MA), on a lower tf which is 4tf.
For pole criticising FXTM, I can unequivocally say that its MA is d best . U can compare there's to other's and b convinced.

This is another example, 4tf will as many times tell u that resistance 0.6595/0.6600 has been broken upward on many occasions from December 13th but it hasn't. Daily tf kept closing below d resistance and inside d downward channel.
This pair will only go up when new York daily close is above d level.
I'm not saying 4tf is rubbish, I do trade 4tf as well but 90% of my trades r on daily tf while d remaining 10% r on 4 tf

meshpips:
Thanks everyone for your answers. I have thought long and hard about this and decided that the WEEKLY time frame ought to be the SUPREME time frame.

Reason: This is when the market CLOSES. This is the only time you will see GAPS in the market. For stocks, DAILY time frame would be just fine.

Let's take as an example, Nigeria playing a match against Ghana.

Half time score line

NIG (1) - GHA (0)

Has Nigeria won the match? No !!!

But if at the CLOSE of the match (at full time) the scoreline is still

NIG (1) - GHA (0)

Now Nigeria has won the match even though the score line is not different from what we had at half time.

The CLOSE of the trading period is of utmost importance.

Smaller time frames as compared to the weekly, only show us a SEGMENT of the continuum.

Well said. This is y I prefer daily tf to others. Look at these 2examples on charts, 4hrs tf will certainly tell u that 1.3340( resistance) has been brooken on 2trading days, where as , it hasn't, it kept on closing below it on a daily tf( note, this is where brokers who use new York closing time for its candle is important) comes in. We all know (except newbies, now u know,) that new York is d biggest of all d 4trading sessions.
Look at usdcad as well, it went downward beyond d channel and support (4tf would as well tell u that d support has been broken but it hasn't) it closed back upward inside d channel and above d support 1.3144
Don't b deceived, 90% of well respected/successful traders will tell u "u ve over traded once u open as many as 10positions in a day(good set up's r hardly come by in forex, ) newbies should leean these instead of waiting for who to give u signals.

walexy100:
Buy NU 6595 to the 6673

I respect ur view but technical analysis supports sell.
can as well buy as u said if tonight's fundamental news is bullish but technically, it is sell

usdcad bought at 1.3157
SL at 1.3100

bojbest:
NzdUsd.

Will take this shot... I pray the market favours my short signal

I've sold at this level,
the zone is also a resistance,
there r even many touches in a weekly tf,
Bearish pin bar as well. I hope it sells because I've fulfilled my principles b4 opening d trade.
SL above d pin bar

MrUnder:
the 0.6590, is it an exact level? From what I have read about support and resistance , is that it is a zone. Most times people talk about a specific price level, but when I try drawing support/resistance line, I don't get exactly those same level.

I would appreciate some tips

Support/resistance is a zone and not an exact value. For example, look at nzdusd @ 0.6582 (+and- 4to6 pips) on a daily tf from April 24- August 6, u will notice how price closed/open/low/high were formed.

PipMarshall:
A lot to post here when I am free but let's see how this goes for me.
Pip Marshall is entering a sell limit order at 0.6600
Stop loss 60 pips above entry order.


Take profit.. 0.6430..

I bliv this is nzdusd. daily tf supports this as well

djwalata:
I'll sell nzdusd if today's candle didn't close above 0.6590.

djwalata:
I will also buy usdcad if today's candle didn't close below 1.3170.
Technical analysis based on Upward channel, 61.8%fibbo and pin bar all formed right now.
Buying tonight b4 market closes if all these parameters stay d same.

These 2positions when opened will b posted here on charts.

I will also buy usdcad if today's candle didn't close below 1.3170.
Technical analysis based on Upward channel, 61.8%fibbo and pin bar all formed right now.
Buying tonight b4 market closes if all these parameters stay d same.

djwalata:
I've never traded ur call here because I only trade on daily tf.
I can of course trade ur call if it's on a daily tf which I also fancy to trade.
It's just that u don't normally trade on daily tf which makes it difficult for me to trade ur call.
Does that mean ur calls r useless? No.
If I didn't trade ur call, some will trade it. I'll trade ur call when it supports my presumed daily tf to be traded. Check my previous posts and charts here, they're on a daily tf which suites me more.
Happy pips.

I'll sell nzdusd if today's candle didn't close above 0.6590.

saxy4c:
I by no means intended to insult you. I'm just letting you know that folks pay that much for what you're abusing here.
We should all be rubbing minds and trying to feed off of one another, why do I feel more drained in just these few weeks here? Now to prove a point to you, I bet you didn't take the UJ call even after clearly pointing out my mistakes. So what are you looking for outside the forum when you're not making use of the free food here?

I've never traded ur call here because I only trade on daily tf.
I can of course trade ur call if it's on a daily tf which I also fancy to trade.
It's just that u don't normally trade on daily tf which makes it difficult for me to trade ur call.
Does that mean ur calls r useless? No.
If I didn't trade ur call, some will trade it. I'll trade ur call when it supports my presumed daily tf to be traded. Check my previous posts and charts here, they're on a daily tf which suites me more.
Happy pips.

saxy4c:
Now I'm going to reiterate in the sternest manner that I am not here to joke. I don't know what experiences you guys have been through or what games anyone has played with you in the past but don't put me in same class. I'm here to help people make money. And I won't be distracted anymore. If the free calls here do not help you then remain in your shell.
If you can afford 3k come and let me add you to my trade portal if not then stop mentioning me. I'm actually a busy person researching most of the time. Enough of the higi haga.

How I wish u don't act like meshpips, ( so insultive but now repented anyway)did I insult u in any way? I'm even trying to support u to silence critics. R we not here for pips? Sorry for mentioning u.
I won't do that again.

Lawfex:
Well done guys. ^^ Theyoda your point is clear. Saxy4c just understand the message and leave the emotions because. Honestly demo or real you are doing fine as you are not being paid nor have you asked for payment on this forum. I understand it is not so easy to make calls and update in a forum while trading not to talk of multiple forums. You may, however, mention the other forums where you drop alerts in case anyone will want to follow you from there. More pips to us all.

I wish @saxy4c can kindly give us d link where he posted d original call so we all can also follow him enjoy all d pips he's been calling. Doing this will in no doubt silince all criticism about u. After all, it's green pips we're all looking4. Kindly post d link pls.

djwalata:
R u saying we open these trades when d price has already moved about 100+ pips each? Can u pls confirm d actual price of each pair when u posted this with ur assumed actual price perhaps u made a typographical error.

saxy4c:
GBPUSD@ 1.35056 GBPJPY@147.788 can sell 30 pips SL.
EURGBP @ 0.82827buy SL 30 pips

saxy4c:
I hope you also took note of the UJ entry spot price as I posted it here first before anywhere else and observed it has moved 17pips in our favor? Let's learn to be slow to rebuke, I am not infallible.

Did I rebuke u in my text?
Read again.... PERHAPS TYPOGRAPHICAL ERROR

saxy4c:
GBPUSD@ 1.35056 GBPJPY@147.788 can sell 30 pips SL.
EURGBP @ 0.82827buy SL 30 pips

R u saying we open these trades when d price has already moved about 100+ pips each? Can u pls confirm d actual price of each pair when u posted this with ur assumed actual price perhaps u made a typographical error.

I wouldn't tag anybody here not to reignite d fire but I wish everyone should pls stop all these war at each other. I bliv there will not b this rancour if truly we r following d principles of this thread. How I wish someone (who I won't mention d name )should pls say something on this. Otherwise, it is a DOUBLE STANDARD.
U know urself.
I'm saying sorry to everyone on behalf on everybody.

TheYoda:
Amateurs !!! what do you know rookie trader.

When did few of you guys turn to beggars ? What service do you have to render? or do you go around asking people for money? We should all do better than that.

Aahhhh. If u say u r a beggar, then u r.
Was I not only puling ur leg?
So u ve been turning ur blind eyes to what I've been posting here all this while.
Didn't u support it when I said I would stop posting my open positions on charts here? Mind u, I was even posting them immediately I opened each position.(not like some dt r posting $1,000,000,000,000 account or posting after it is nearing TP.)
Once again.... I'm sorry for dt, congratulations once again.

TheYoda:
Hi,
When you know and learn how to time your entries. Combine technical analysis with fundamental, using COT report to support your entries, you will come to realize you can really make alot of money trading forex and yes my account is real account. Some of the result of 2nd half of last month Nov. Over 25,000$ gain.

Looking forward to next week trading already.

Once again..... Congratulations.
M2 wish to earn this way by keeping to principles.
Can u pls send m $200? Na beg I beg oooo.

TheYoda:
Totalled killed it this week, it was my week , more than 70,000$ gain this week . Looking forward to next week .

For whose consumption is this pls?
Me too made $1,000,000,000 this week( I'm also good at microsoft excel oooo). Note.. I'm not saying u r lying oooo. How can this help newbies on this thread.
B4 u criticise m........ CONGRATULATIONS!
I wish u good luck more and more.
We've TOTALLY missed d focus of this thread.

djwalata:
not only u , I also made and still making pips on it. targeting 119.25

USDJPY is also ready for a massive fall when it closes below 108.20

bojbest:
NFP

not only u , I also made and still making pips on it. targeting 119.25