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Ephisi's Posts

Nairaland Forum › Ephisi's Profile › Ephisi's Posts

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Business › Re: Forex Trading - Season 14 by ephisi(m): 8:54am On Aug 08, 2014
Ok, got it
endfx1: ok bro lets see how it pans out though am speaking from a swingers perspective..
Business › Re: Forex Trading - Season 14 by ephisi(m):
1.3450 is next on the table but i dont expect we will get there in a straight line without retracement. Price action isnt clewr for now. Need to watch many more hourly candles. For now im thinking we will range between 1.3400 and 1.3350/1.3370 area
Before we head for 1.3450 on earliest tuesday nextweek. Wont be suprised though if we retrace and still hit 1.3450 today.
endfx1: What my EU chart is showing me.....i think the likely target is 1.345... before any downpour.
Business › Re: Forex Trading - Season 14 by ephisi(m): 8:13am On Aug 08, 2014
Geopolitical risk increasing. Japanese yen becoming safe haven for now. That should cause usdjpy to be bearish imo
Business › Re: Forex Trading - Season 14 by ephisi(m): 7:59am On Aug 08, 2014
Hey! Welcome bro your hidden divergence finally played out. cool grin. I expect london to push eurusd down a bit. Looking for reentry at lower price.


ephisi: Trade looking good. If we can break 1.3370 the 1.3400 on the table today or early next week. Lets see what direction london boys will push this. We could see 100/200pip correction. From where i would look for new swing shorts. Hope it works out. Enjoy
Business › Re: Forex Trading - Season 14 by ephisi(m): 7:51am On Aug 08, 2014
Closed @ 1.3396 @ +40pips waiting for reentry
Business › Re: Forex Trading - Season 14 by ephisi(m): 7:47am On Aug 08, 2014
Stoploss moved to breakeven @ +2. 1.3357. Trade is super safe. I can go to bed now

ephisi: Crazy priceaction during draghis question and answer session. Currently swing long early entry on eurusd at 1.3355. Stop 20pips. Dont think we will get to 1.3333. Another possible support for buy. I wont be taking anymore sells for now till after correction.
Business › Re: Forex Trading - Season 14 by ephisi(m): 7:43am On Aug 08, 2014
Where is everyone! Sleeping at this time?
Business › Re: Forex Trading - Season 14 by ephisi(m): 7:29am On Aug 08, 2014
Trade looking good. If we can break 1.3370 the 1.3400 on the table today or early next week. Lets see what direction london boys will push this. We could see 100/200pip correction. From where i would look for new swing shorts. Hope it works out. Enjoy


ephisi: Crazy priceaction during draghis question and answer session. Currently swing long early entry on eurusd at 1.3355. Stop 20pips. Dont think we will get to 1.3333. Another possible support for buy. I wont be taking anymore sells for now till after correction.
Business › Re: Forex Trading - Season 14 by ephisi(m): 6:15am On Aug 08, 2014
Ok! Lets see what europe and london open brings. Thanks

phoenixfx: A brief BUY now then a SELL to retest the 1.3347/1.3330 support level. The pair is seeking a buying support level to launch a massive change in direction for next week
Business › Re: Forex Trading - Season 14 by ephisi(m): 5:09am On Aug 08, 2014
@phoenixfx what do you see on eurusd today?
Business › Re: Forex Trading - Season 14 by ephisi(m): 5:07am On Aug 08, 2014
You are right. Most indicators lag. Price action is king. Btw the fakish candle occured on the 5th of june. Draghi effect. Anyone who has traded nfp and ecb conference should have gotten used to such candles. Yesterday had similar fakish bull move then reverded back to the bottom all of a sudden.

phoenixfx:
I trade pure price action buh just like every newbie back then i had a solid foundation in indys, not that it helped cos they failed me over n over again most tyms from poor application of the indy, some from being repainting indys. Anyway, what works for me now is Price Action. Note of warning for whoever may be reading this, they are many fakish moves that comes with trading PA, case in point is this daily pinbar of 5th june EUR USD...most people were expecting price to reverse sharply upwards after d long downtrend and jumped in with orders buh d opposite was d case as price hadda go retest the support (refs chart). So mastery of PA and its fakish moves is a must.
Business › Re: Forex Trading - Season 14 by ephisi(m): 1:26am On Aug 08, 2014
Yea, i agree with you. I use purely price action. My curiousity was peaked by the fact that the reversal points on the cog seem to coincide with possible s & r for swing trades. Its subject to investigstion. By the way how do you trade? Price action? Or indis. Thanks

phoenixfx: Nah those are sojmann charts... I knw dat I've stumbled on them during my journey thru fx and I feel d best use of them is in 4hr/ daily TF combined with the hot fibo zones of 38, 50 and 61 fibs...at such levels watch out 4 candlestick PA patterns. Are they on significant SR, then check d shape of d COG to reveal trend flow(also if PA is near the thick upper or lower bands) backed by d macd trend indy...then uve got a high probability set up 4 trade. However, I believe d indy may lag and may change shape (trend direction) after considerable movemnt in Price...this is however not how I trade and d indy is subject to more investigation by whoever wants 2 use it
Business › Re: Forex Trading - Season 14 by ephisi(m): 7:40pm On Aug 07, 2014
Am out for the day. Enjoy your night ya all
Business › Re: Forex Trading - Season 14 by ephisi(m): 7:40pm On Aug 07, 2014
Crazy priceaction during draghis question and answer session. Currently swing long early entry on eurusd at 1.3355. Stop 20pips. Dont think we will get to 1.3333. Another possible support for buy. I wont be taking anymore sells for now till after correction.

phoenixfx: Hi Y'all...How did the day go in way of trades...
Business › Re: Forex Trading - Season 14 by ephisi(m): 7:36pm On Aug 07, 2014
Phoneixfx and lawson007 just shed light on what you were trying to hint me on. Unfortunately you sounded a bit confrontational and I got defensive. Thanks for the headsup. Apologies for my reaction. Na ecb effect

honeric01: My innocent advice, reduce how many comments you post on this thread.. don't ask me why, some of the users here know why..

Best bro!
Business › Re: Forex Trading - Season 14 by ephisi(m): 7:30pm On Aug 07, 2014
Thanks bro. That was easy. You and phoneixfx just shed more light. Honeric assumed that I understood what he was talking about. I didnt. I expecred him to come out plain. I was bound to misinterpret him as one of those who had something against my posts here.
lawson007: Don't be alarmed,@honeric is only trying to make sure you don't quit the thread like other good members in the past have done like Naijababe,Tonjoan,Prettywoman,Blog Icon,Concept,Fxking2012,Iheanyiebenezar,pipsland,Ogboralph,bond77 etc...the list goes on and many have become permanent 'guests-status' afraid of these little boys in the house.
We all agree that this forum is one of our pass-time whenever we are waiting for the market/setup to be ready.So if everyone is to make one or two post in a month then this place will soon become dry,empty and boring.Many little boys amongst us use this "pass-time" reason to look for quarrel opportunities,time to beg for money,belly-ache against PHCN etc..they made this place irritating to senior/more mature members;the pass time can be used for more honest write-ups that would edify others who would want to relax reading this thread.So let the post continue flowing we are with u,beware of those that want to start begging you for capital(this was the trap that wounded Benpuzzy). keep up the good work.
Business › Re: Forex Trading - Season 14 by ephisi(m): 7:26pm On Aug 07, 2014
I understand you. Honeric gave me vague hints. You just came out plane. I at was pretty easy.

phoenixfx: @ Ephisi...he's doing a gud thing giving u a hint of d negative attitude of some bad elements of this thread. Ive been a member long enuff to see d "fights", negative and discouraging comments, scams, etc...got so bad dat d gud heavyweights of our dear thread even had to bail out. So beware and be cool.
Business › Re: Forex Trading - Season 14 by ephisi(m): 7:24pm On Aug 07, 2014
Sorry I meant the center of gravity indicator. I always see it on your charts too

phoenixfx: Thanks very much Ephisi....Personally i don't use the trend follower indy buh from analyzing Sojmann 's charts i know he is doing a good job of utilizing the indy. I'll av a look at it later. More green pips to all
Business › Re: Forex Trading - Season 14 by ephisi(m): 4:44pm On Aug 07, 2014
Lol

currentprice: grin grin grin
Business › Re: Forex Trading - Season 14 by ephisi(m): 3:26pm On Aug 07, 2014
My internet service went off. Using phone bundle

Closed short from 1.3420 @ 1.3345. Profit 75pips net profit 45pips. 1.3333 seems like support. Lets see what happens by tommorow or next.happy trading.


ephisi: Fx not for the feeble minded. Crazy moves. Daytraders nightmare. Still short eurusd till after ecb conference.
Business › Re: Forex Trading - Season 14 by ephisi(m): 2:16pm On Aug 07, 2014
Theres no time to go back combing pasts threads. I guess its a moderator thing. If u have some serious info to pass on y not pm or email me rather than creating a puzzle. Thanks for the heads up bro. As a forex trader i interpret charts and not past posts. Honestly if u have a strong point for me. Pm me. Thanks

honeric01: As a forex trader, you should be able to interpret data (Past comments from past posts/happenings) to know why some people actually stopped posting "more" daily.

Anyways, just a head up.. keep doing your thing ....
Business › Re: Forex Trading - Season 14 by ephisi(m): 1:00pm On Aug 07, 2014
If u dont say why then whats the use saying! There nothing happening in the markets thsts y im posting. My account is too important to waste time here. Bte its important people know the truth. Truth hurts. Ecb in 30minutes. More important
honeric01: My innocent advice, reduce how many comments you post on this thread.. don't ask me why, some of the users here know why..

Best bro!
Business › Re: Forex Trading - Season 14 by ephisi(m): 12:44pm On Aug 07, 2014
Action time. Fasten ur seatbelts
Business › Re: Forex Trading - Season 14 by ephisi(m): 11:21am On Aug 07, 2014
Thanks @morenaira my integrity counts! Newbies get caught ip thinking they will making it trading fx in one year. If u make it in 5yrs youre lucky. Its a gradual process. Only a mentor with proof of profits can help u cut the lesrning curve to say 1 to 3 years. Blatant truth.

morenaira: i begin to have interest on your post, i like trader with plain truth not the one that will come to hurt newbies with their bla bla bla made million pips monthly, forex is sweat, and story story for achieving one thing or the other. funny part is e-goat will click Like to the fake post.
i hope you will not get discourage with your good & honest post. this is the kind of post that deserve LIKE but you will not see one because you did not post that you make thousand of dollar during your first week of trading.
testing system for a year before going Live another fact my people will not accept

to me this kind honest post will let newbies to get ready on what to expect on this business

1billion Likes for you sir
Business › Re: Forex Trading - Season 14 by ephisi(m): 10:47am On Aug 07, 2014
Ranging and low volumes as expected. Fireworks should begin around 12noon


ephisi: Too risky to place new trades 5hrs to ecb conference at 1.30pm We will range till news time. Stiill have my eu short from 1.3420. Lets see draghis effect today. See ya all by 12.45
Business › Re: Forex Trading - Season 14 by ephisi(m): 10:35am On Aug 07, 2014
I must confess that in few days here i have come to respect phoenixfx and sojmann! They have gotten me curious about this trend follower indicator. I was thinking to myself this morning. If i were to build a team of nigerian currency analysts to manage large portfolio these two guys should be on the team! We havnt scratched the surface of fx industry here in nigeria. Good job guys

currentprice: yes we have such as a profile name. he came sometime last year with a kind of master on forex but his cool trying to help & doing good now if he is same person
Business › Re: Forex Trading - Season 14 by ephisi(m): 10:24am On Aug 07, 2014
ephisi: Lol, check my profile for the date i joined lol. Sorry i meant to say 2008 after i finished school in 2006. Sorry for the error
Business › Re: Forex Trading - Season 14 by ephisi(m): 10:22am On Aug 07, 2014
Lol, check my profile for the date i joined lol.

currentprice: so you are the one that sold NL to Seun grin grin grin grin grin grin
Business › Re: Forex Trading - Season 14 by ephisi(m): 10:22am On Aug 07, 2014
Ok
currentprice: not you i quoted phoenixfx
Business › Re: Forex Trading - Season 14 by ephisi(m): 10:12am On Aug 07, 2014
Ok, no im not ive been on nairaland as far back as 1998. You can also find me on forexfactory. Just decided to check nairaland for a forexthread and i found this one. Its not easy trading live and making posts and reading posts on forum. It needs extreme care cos if ure not careful it affects ur trading. I try my best. By the way dont blame anyone who hoards his trading skills. Most of us have gone thru great pains to learn this stuff. I only started making money after 8 years. What you get here is free. But i would charge a minimum of 10000us dols to train someone over a period of 1year or more and i intend to do so in the near future. Threads like this are meant for people who want to pick the pieces of the puzzle over time and get equally good. I did same learning thru auslanco, karmo, jaroo and vantagefx on forexfactory added to my 8yrs of watching price action. Just an advice

currentprice: yes we have such as a profile name. he came sometime last year with a kind of master on forex but his cool trying to help & doing good now if he is same person
Business › Re: Forex Trading - Season 14 by ephisi(m): 9:50am On Aug 07, 2014
Invertedhammer as in profile name? No im not.

currentprice: brother are you invertedhammer? keep on good work
Business › Re: Forex Trading - Season 14 by ephisi(m): 9:49am On Aug 07, 2014
Yes u can! A simulator is just like paper trading! U can use that as a first stage evaluation of a trading system. But you must demotrade with real live action so you experience the psycology and emotions involved. That it looks good on paper dosnt mean you will make profit when you go live. My timeframe to confirm a system is one year. In that one year you can do all the tweaking and fine tuning to the system before you go live. Thats how i operate. If im profitable after one year then i can apply it on my live account with super confidence

rozayx5: @bolded why not use a simulator
you can demo trade a whole year in 15 minutes

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