₦airaland Forum

Toks2008: a breach of supp 12500 will set the bears in motion and we may see a bearish surge on euro to supp level 12424. so traders should sell with peace of mind once supp 12500 is breached.

Trade with care.

wouldn't it be better to stay off all usd pairs till friday is over so that a defined trend can come in. BB has been squeezing and it will be explosive.
my personal opinion.

frenchman2: chart pattern analysis for NZD/USD on the daily chart.
I don't know if this qualifies as a double top formation.
yet to pull the trigger. will only enter should today's candle close below the neckline.
see chart for details.

its a double top. i don't mind waiting till friday. lets see what what the jackson hole holds.

EU&GU will drop. looking at 40 pips each.
PS: my own opinion.

Billyonaire: Ofcourse, safeguard your truth. But remember, in our elementary schools, we were taught that there are 9 planets, now we have witnessed more than 15 planets in our solar system. In essence, truth as you know it, is relative.

Relative to what sir. You philosophers disregard truth even when it stares you in the face because you want something complex and mystic.

Billyonaire: Where ever truth is, go for it. Do not be extreme in belief. The planet has been ravaged too much by religious wars from extremist who basically don't understand that each religion does not have the entire truth within itself.

Religious wars that were fought by people who have no idea of what they were fighting for. I've found the truth and I'm keeping it.

Billyonaire: Truth is hard to say. I also quote Einstein, Aristotle and even Jesus when I speak. But in Church, the congregations are told what they wanna hear. Its just a cartel of some sort.

I guess you are more of a philosopher then. I quiet understand;it has to do with the country, if you are not a muslim,automatically, you are a christian.
Pray tell me if we should alo quote koran and the new china by chairman mao in the church to satisfy your so called quest for truth.

Billyonaire: Let me be frank. The teachings of Pastor Chris Oyhakilome has impacted more enlightenment in many, than the teachings of Jesus Christ. His Teachings are for these times while teachings of Jesus were meant for people of his times. I am not religious, but I love motivational speeches.

Obvoiusly, u don't read the scriptures. The teachings of Jesus are for all times both in his time,this time and in times to come. If there were not relevant. Why does pst chris quote them.

aguiyi: dude has said no and i understand why (almost all Nigerians are copy right thieves, including our very own CBN governor)

haters are just bashing the guy instead of hitting their ignore button or coming up with a better alternate

All they know about is go online and copy peoples idea and then come here to praise it like its their idea, it childish and laughable.

check season 2 and 3,you will see that i had used almost all they have flaunted like its a crystal ball but thank God for who he is and were i am today, i just pray their learning curve is shorter than mine

cheers

lol.

i remember one prof. edet that built an EA based on bollinger band. never heard of him again.i was wondering if you cld give it to some pple to backtest it and see its effectiveness too.

Toks2008: Thanks for your comments.

I am actually a swing trader meaning i trade long time.and i actually use daily timeframe to guage my trade direction.
I also developed an EA for long term trading which i have also been testing for sometime now.If you check the links you will see that i gather as high as 180pips on open positions sometimes.I only developed the 20pips hacker trading method to make fast 20pips from the trend after pullbacks which can be used to build account faster in a conservative manner.

http://www.myfxbook.com/members/ForexRefuge/20pips-hacker/349461
http://www.myfxbook.com/members/ForexRefuge/short-term-swing/368753

By next month i will be going live with these automated methods.

[/quote]

Toks2008: Let me be sincere with you all. I am not a super star in this business. I have blown accounts just like very other trader here. In-fact i tried my hands on fund management and i have failed in two instances not to mention my own personal losses which i can't really quantify.

But believe me, i have 95% understanding about this business in terms of charts reading and trend as well as other aspects of fx trading. But i have realised that i may be wasting my time trading manually due to greed(i can make 50% of my account in one week and lose 20% the next week due to greed and this is why i decided to develop an EA which i have done and i see nothing bad in testing this with fellow traders.

The best i should get is encouragement because this business is not easy to succeed in and anybody trying to find a way to make consistent profits should be encouraged so that we all can gain from each other.

We will get no where with envy,pride,hate and destructive criticism.

i appreciate your presence here. this is a trade alert. thats why i like pple like frechie and naijababe that can analyze most calls and guide us. i miss blogicon, guess he got fed up with our bickering instead of brotherly love and encouragement.
most traders blow accounts because of the excitement in 20-20 pips. i think with your years of trading, you should be going to higher timeframes or what do you think.

like enough jacking this weekend.

The CBN site doesn't have any info on this. But if true, is the beginning of hyperinflation in the country.

LaconicINC: guy u don go copy stuff frm Nial Fuller site take oRGANIZE SEMINAR,okay o!

lol. if he copies and go pass across the info, no wahala. the problem na wen u copy and can't paste.

frenchman2: looking for pairs that move 400pips? try GBP/NOK it averages 600pips
try GBP/SEK it has moved 800pips today alone
try GBP/DKK this has moved almost 400 for today

BE WARNED! their spread no be moi-moi oh.

those pairs must be die. if you get it right na the real deal.

ayox2003: Thats cool. So did I. Infact would be adding spreads to my catalog of portfolio soon with the required discipline. Three can play the game.

In simple terms, you place a trade based on two options with a FIXED amount of equity in a specified timeframe.

J, there is already a thread that caters for that and it would be wrong for me to digress from the objective of this thread. Visit BOM THREAD.




Frawzey

ayo, do you have materials on BOM. the quick profit thing still dey may blood doh the antidote i dey take dey work well well.

i think GU is falling back after meeting resistance on 1.5900. will wait tomorrow for the gdp before joining the market.

[quote author=lari03]no I am not yet in possession of it, would like to read about it over the weekend if you can send it to me.[/quote
i'll do so this evening. freely i have received, freely i give.

everyone dey on EU and GU wen other trending pairs dey. i dey wait wen usdcad go start im own wella.

lari03: Bros na forexrush abi na which system be that wey you dey use, abeg to apply for release of this knowledge to my email olarolls03 at gmail dot com

forex rush say make i buy but the system said no, it still has a date with 1.508.

lari03: Bros na forexrush abi na which system be that wey you dey use, abeg to apply for release of this knowledge to my email olarolls03 at gmail dot com

bros na naijababe system i adopt ohh.that system na winch but i think say i done send am to you.

see as gbpchf (80 pips) and gbpcad (250pips) dey make me dance alanta.

aguiyi: careful with this pair, it can move 400pips in a day

yes boss, its protected and also bearish on daily.

Bearish divergence on GBPNZD on 4hr frame.

aguiyi: o blood of God, au is bearish

lol. waiting for pivot still or 32.8 on 1 hr.

waiting for AU to get to pivot before i buy.

aguiyi: not a good trade

thanks for looking at for me though went with a very small lot size.

sent to all those that requested.

aguiyi: adding to my short on ej, any word?

just sold AU and NU. till tomorrow.

Aleshyto: pls do u hv piplocker and ddfx, if u do pls send it to me adexloveuall at yahoo.com. Tanx

will send it to you morrrow morning.

has someone noticed the currency meter dey lie.. just chk it now.

abeg una dey see gbpcad. naijjjjaaababbbbeeee. ooooooshhhhheeeee.

ayox2003: Its so funny how the dollar could weaken without QE3 yet in the market.

Euro took the place of the Dollar.

The Feds should just have acted once and for all. Although Benarnke just dont wanna dump money without a real need.

Anyways, September is around the corner.




Frawzey

FOMC minutes show "many" members judged additional stimulus likely warranted "fairly soon" w/o substantial, sustainable econ strengthening. this means QE cld be around the corner.