₦airaland Forum

USDCAD looks good to sell off.friday close formed a bearish inside pin bar,broke my inner up trendline and retested the trendline before closing as a pin bar.

I will look to SHORT with a sell stop order 5pips below the low of Friday's mother bar at 1.0248 SL at 10pips above its high. TP will be at the outer trendline which firmly concides with a strong support at 1.0135

Tripple bottom + bullish engulfing + near inside pin bar = 1.34xx in view

Well, next week will hold alot for us.just keep your eyes wide open

USDCHF short....one of my favourite swing position for the month.the monthly candle is about to close as a bearish pin after upper prices rejection at the 50EMA.

Hmmmmm...finger's crossed on this.its still very fresh to join the train to South Africa

ayox2003: Africans all over the world have a certain problem that is called SELFISHNESS. Oh yeah, we love ourselves but we cannot make sacrifices for folks outside our friends and family. The habit of selfless service is lacking in our membranes and thats why we are far behind the world.

Dan Black in the story I posted above is just 25. It took him 4years to raise £20,000 for his own surgery but when he heard about Brecon, who also was in need of money for a surgery, he gave all the money to Brecon because he believes Brecon stands a better chance than him.

So, whats the lesson from this?

Living on purpose, touching lives and making the world a better place will never happen without SACRIFICE and the habit of SELFLESSNESS. Why is Mandela a star today? Take a time out and read/google about Madre Antonia, Maximilian Kolbe, Oseola McCarthy - people who made a difference in their own little way.

This thread might just be an opportunity for us to touch someones life. We really need to shed the whats-in-for-me attitude.

To cut the story short, if Meshpips used this thread to 'advertise' himself and curry favour and then creates another thread charging some perks for alert, I think its just unheard of. Its just like being a pastor in a popular church only to create your own new church from crowd of the other church. If you need money, make money off your charts not from newbies who need to be held by the hand.

I wept silently the day Learner1 posted that he funded his account with 2,000naira. I mean, people need help in this country, youth unemployment is at 80%. What we should be thinking about is how to bring this down, how to raise people up, how to help ourselves even if it requires some sacrifice.

I hope I've sent my message gracefully.


Frawzey

You made a point bro! personally i look at some things and just laugh over it coz sometimes i try to mind my own business and continue to help whoever is ready and willing to learn the skills of trading.successful trading is never a one day thing that one should expect to master just like that.The trusth is, so many newbies here are just too lazy in taking their time to learn the ropes.To me nothing is as distracting as sending signals to subcribers on intra-day bases with all the noise and what have you.Haven't we witnessed spikes of over 100pis that happens in split of seconds?..if you perhaps sent a siganl at the same time to a subcriber i wonder what magic he will perform in order to place such order then.Signals subcribtion is best for folks with day job and don't have the time to look at the charts as such my believe is, if the signals is only sent at market close off the daily chart that will be fair enough as that will afford the subcriber ampul time to place the order properly.

However,someone said "if someone is trying to sell you a system/signal for trading they are probably not very successful trading. If they were successful trading they could make all the money they want and not have time to sell their signals/systems"

just my two cents worth.

OliverPin: one minute EJ will follow EU the next minute it will follow UJ and the next minute na Naira. person need be careful o

LOL... I said this about EJ long time ago and more reason i stopped trading it for a while.unless i see a clear signal

JAkpayen: Just saw a sell signal on EUR/AUD with at least 250 pips reward

Before you pull that trigger bro take a look at the Monthly and weekly Time Frames.especialy the monthly price is well above the 50EMA and the monthly candle is about to form a bullish pin bar after rejecting the 50EMA.

On the weekly chart the trend is still on the upside and the inside bars that are formed is still indicating a rally which is yet to be invalidated.so pls watch it i don't see a 250pips down soon unless you wanna scalp.

Just my 1 kobo sha

All the best!

presciainter: @Endfx, I really missed you and others. I hope you are all doing well.

I shall join you soon.

I think the EJ buy will be better at 130.10 or thereabout.

Happy weekend

Miss you too bro,hope to see more of you.

Cheer's!

Inside Bar everywhere..USDCAD,GU,EURNZD and NZDUSD..so many trading opportunities next week for wise PA trader's.

fxisreal: Alert!

just bought EJ @ 130.73 sl 130.03

Todays's close will give a clearer picture

adeyinka_basir: Oga endfx1, pls can u help me with this your green & red bars indicator

Its not an indicator bro i did customize it myself to look like that.

fxisreal: i just need to hold my mouth because if i call them na grammer i go day hear, wondering how 1.3166 got picked when my broker spread is 2pip and low on my chart was 1.3165

no shaken sha entered again 1.3215 +65 pips currently while looking forward to 1.3400 for tp

hmmm...hope to follow the brother USDCHF down to 0.9055 currently at +60pips

All the best bro!

EURNZD not clear enough i have to wait for Friday's close to decide.

Hmmmmmm...but very tempting to take the sell before i miss the ride down

Ame Lon Ro: What exactly is responsible for this up trend in EJ,EU, NU? Please.

Na me

Waiting to short this guy if the uptrend channel/50ema is broken successfully at candle close.

SELL STOP order entry 10pips below the candle low SL 10pips above its high.

Fingers crossed.

Boring market

naijababe: I noticed the lag too and used my iPad to overcome that barrier. I am going to be asking those fxcm folks if they plan on migrating to mt5, otherwise I will have to find a broker I can demo with.

You can download mt5 from metaquotes direct and login your live or demo account there..that's what i intend to do

brokers like EXNESS has mt5 platform.

naijababe: Your head dry dia! It was like a eureka moment when I first loaded it.

Lol...well, 8hrs chart on Mt5 is better than the offline version on mt4.from observation the chart openned on mt4 lags in its price update.i think the way out is to look out for signals on mt5 and place trades on my mt4.

Wow just loaded 8hrs Chart for the first time...i think it filters better than the 4hrs chart,gives early signals and more trading opportunities than the daily..

Hmmmmmm....fingers crossed lets see how it goes.

My AU stopped out at BE...watching for a bounce off the 50ema with PA or a break down

rozayx5:

i have a non repainting zig zag sha

Sure? would luv to see

arthuryemi: GOD BLESS FOREMART AND ENDFX FOR THEIR TIMELY TUTORIALS

Bless you too sir!

adeyinka_basir: oga endfx1, pls can u help with that Red and Blue arrow on ur chart

The arrows are like zigzag its repaints ooo.

USDCHF forms inside bearish pin bar...hmmmmmm

Example of how to know a ranging market...RSI trading between 55 and 45 levels for too long and the two MA's too close together not spreading out.

Enough for today..see you all 2moro

Gudnight!

All marked areas are points of entry and exits...well still enjoying my sell of this pair taken off the 4hr chart.

Another example of how to enter a trade that you probably would have missed...

NB..Always consider the position of the RSI as at the time of entry if its below 45 for a SELL and above 55 for a BUY..though sometimes it cannot be the case but atleast it should be above 50 or below 50 for both buy and sell

Swing trading the 4hr and Daily Time Frames.

Indicators:

50EMA and 5 smooth MA all applied to close.

Period 21 RSI with levels 54 and 45...helps to detect choopy market.

BUY ENTRY..

Wait for a bullish candle to break the 50ema..avoid too long candles

Place a buy stop order 5pips above the high of that candle

Stop loss: at 10pips below the low of the same candle

Exit: A bearish candle close below the 5sma or anywhere you find strong support.

Note: Why we place a buy stop 5pips above is that sometimes a candle will break the 50ema without moving in the direction and the next candle will be bearish.if you entered instant you might want to close out of fear.

SELL ENTRY...opposite of the buy entry rules..

When the period 21 RSI is trading inside the 55/45 levels its an indication of a ranging market.

Please this strategy is suitable for 4hrs and daily time frames because you will have less noise on this time frames.however, this strategy is open to scrutiny to improve on it.

Any question and suggestion is welcome..i will post more chart examples later

Feel like sharing swing trading strategy with Low risk High reward ratio on the 4hr and daily chart.

Very simple and effective..

GU long term buy in the making.Monthly Pivot at 1.537xx holding price...buyers should look to buy above 1.5390

hmmmmm...inside bearish pin on weekly well spoted PA tinz

fxisreal: depend on your target bro traders emotions on jpy currency has turn stronger

so becareful of buying any of the jpy pair

hmmmmmm...

OliverPin: hmmm you get liver o. the fact say them elect ABE dey make me fear to buy jpys. and besides that, the daily candle don too long to fall more na. my thoughts but i will just watch out for 98.80 for a long. if i see good bullish PA

Lol...am only learning ooo bro.like one of our brother rightly said "Forex is a game of probabilities".

Fingers crossed sha!