₦airaland Forum

house please check this out.
i placed a buystop on oil at 106.40
on fxpro chart it has triggered
on xemarkets not yet
if you go to the daily chart, price today has taken out the high of yesterday on fxpro
whereas on xemarks yesterday's high is yet to be broken.
funny enough they both have the same server time.

audcad trade closed.

Kirinwa: Someone should call frenchman to come and close his position o.

my brother i don close am oh. thank God i was babysitting the trade. at least i bagged 10pips on both of them

frenchman2: wrong move. manually closed trade before sl is hit
rozayx5 i think you're right. i'm joining you.
entry 1.6951 exit .7040

getting all my analysis wrong this morning.

frenchman2: sir, you're buying gbpaud, meanwhile i'm selling it oh. I beg no push am up hit my sl oh

wrong move. manually closed trade before sl is hit
rozayx5 i think you're right. i'm joining you.
entry 1.6951 exit .7040

rozayx5: just bought GBPAUD and EURNZD

missed GJ and EA

suspected there will be lots of night signals

sir, you're buying gbpaud, meanwhile i'm selling it oh. I beg no push am up hit my sl oh

Kirinwa: Bought NU.

Just sold nzdusd at .7996

audcad trade
see chart below for details

NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

find attached chart pattern analysis for usdcad. I barely trade this pair.
posted it for the benefit of those who trade it. But if it goes according to script i won't hesitate to pull the trigger

eurjpy
there are two possible patterns. the good thing is that they are both reversal patterns.
I'll be trading based on the double top pattern. Aggressive traders don't wait for neckline to break, rather
they look for a break of the trendline to enter the market early. that just what i'll be doing.
if you look at the chart you notice that the trendline has already been broken. i'll wait for monday's candle to pullback
and re-test the neckline before i pull the trigger and target the neckline.
then i'll sit and wait patiently for price to do the same to the neckline before we head to 120.26

NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

Price action analyst in the house, tell me what you see. is it heads and shoulders or double top?

Studying eurjpy and i'm seeing two possible scenarios.
will post chart later.

Hi folks. Already studying charts against the new week.
spotted a textbook H & S pattern on the weekly nzdjpy chart.
conservative traders will wait for neckline to break before going short.
Aggressive traders (like me) will enter before then.
This is how i'll trade this pair. Price is currently about 200pips away from the neckline. let me see how much i can squeeze out of that 200pips.
i'll wait for monday to close hoping it closes bearish. i'll then place a sell stp order at the break of the low of monday
and target the neckline. when the neckline is finally successfully broken and tested i'll re enter and follow the free fall to 69.00
NB: Only when the neckline has been broken can we call the chart below as a H&S pattern.
NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

onlineresource: Ever since i have started trading some 2 years back, i have been told never to
ever look at or listen to news except just one main one which is NFP...
and it has always been one of the key to my understanding of the market better...
All i use is just my pure clean chart and that is all i need...

Happy weekend to you all...

sir, maybe you should add FOMC to your list.

infofirst: Me just like the saying that "i do not fear he who kick 10,000 buckets but he that kick one bucket 10,000 times". Limited pairs increases accuracy.

I only v d chrts of d pairs i trade and no way to even be tempted to try other pairs but its all good sha to follow ones believe n @Frenchman, good one frm ur ftse experience.
Well done boss ayox.

sir, i think you're mis-interpreting Bruce Lee's quote. He has practiced a particular kick for over 10,000 times. In other words he has perfected that technic. so if he encounters anything; bucket, stone, cup, humanbeing etc. and he uses that particular kick he has perfected it's bound to produce results.
Christiano Ronaldo has a way of playaing free kicks. He has perfected the technic. if it works for him at the bernabau, it will work anywhere.
A trader who has perfected the act of entering and exiting trades using heads and shoulders pattern only on eurusd, will equally use the same system to make money from say usdchf.
Sir, hope you get my point. No offense meant.

ayox2003: The little lessons I learnt on this thread last week, although we all know 'em:

1)Seize new opportunities: They say ladies first, so let me start from Naijababe. I think Naijababe mostly trades Oil, Gold, Dow and one other currency - I no remember am now sha- but she rarely, I mean rarely trades EURUSD and EURAUD. I was suprised when I saw her post last weekend on EURAUD. I was like, 'Correct, you self don dey the spirit'. Why I said it was because: 1) I had also been watch the pair 2) She was ready to 'diversify her portfolio', kinda like doing the unsual, seeing a risk in an unfamiliar territory and she went for it. So whats the lesson here: (mind you, its my own lesson, no be for everyone, just wanna share am ni o) So the lesson is that dont limit yourself once your stragey identifies and opportunity even in a pair you dont really trade with. Go for it! Take the risk! Dont be dogmatic! Now, both trades she took brought her good profits that her usual pairs did not bring this week! Lets say you are used to trading EURUSD and your strategy spots and opportunity in USDCAD, why not take the risk and go for it, because you've got only one shot!

totally agree with you on the bolded. my system is purely price action and it's no respecter of currency pair.
Take for example yesterday, my system generated a buy alert for FTSE 100 and i placed my first ever live trade on FTSE (funny enough never ever traded it even on demo)
Bad news; I got my lot size wrong.
Good news: Trade went according to script. Other than that, with the suicidal lot size i unknowingly used, i would have been back in the village escorting my grand father to his fishing pond.
Glad i moved sl to BE before market closed. If tp is hit and i don't trade at all next week i'm ok.
glad it went according to script.

frenchman2: my system just generated a sell alert on gold.
entry 1308.02 exit 1294.54

PRICE IS KING. FOLLOW IT WHEREVER IT GOES

trade closed. wrong move. licking wounds.
going long at 1312.53 tp 1338

Na waoh. gold one fall my hand again this morning.

my system just generated a sell alert on gold.
entry 1308.02 exit 1294.54

PRICE IS KING. FOLLOW IT WHEREVER IT GOES

joelreg: please what is happening to Gold. should i close dis my buy?? 26pips for sl to be hit

hope the chart below helps. thursday closed very bullish and it might well be so again today.
Above all, trade your system.

just went long on audchf .8397 gbchf .4306 cadchf .8918
no tp. will close all trades at the close of the day.
buy stop order on oil 104.35 sl 103.88 tp 108.55. this one will stay open for the weekend

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

for those buying jpy pairs, i think you should be carefull. I think the bears are not yet done.
inspite of the fact that they all closed bullish yesterday, i believe it's just a pullback.
take a look at the chart below, eurjpy. there is a double top formation which you all know is a reversal pattern.
the neckline has been broken. price is heading north temporarily just to retest the neckline and then resume its south bound journey.or the neckline breakout could well be fake. only time will tell.
i'ld rather stay away from these pairs today.

NB; Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

got gold wrong. sl hit

rozayx5: no go ahead yet from my side

ok i get your point.

but for price action traders i think this is a golden opportunity to enter this trade.
As a matter of fact it's now i'm to enter not earlier.
for this pattern when price successfully breaks and retests the neckline, you jump in.

rozayx5: thanks, was studying the formation yesterday,
will wait for a retracement ( if there will be one) and trigger from 1hr charts, when i get a signal

sir, price has retraced. guess you can enter now

rozayx5: thanks, was studying the formation yesterday,
will wait for a retracement ( if there will be one) and trigger from 1hr charts, when i get a signal

very correct; if at all there will be one.

Gold buy yesterday played out according to script.Hope it does again today
because i Just went short. looks like i've pulled the trigger too early. Candles should give me confirmation first.
I surely did not exercise patience on this trade. The setup was just too juicy to ignore.
Gold has been declining the whole of last week, the little pullback is an opportunity to enter the south bound train.
Like my friend, blog icon, will say, 'there is a confluence of events.'
see chart below for details.

NB; Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

BONJOUR A TOUS!
Just went short on euraud. I think i pulled the trigger earlier than i should.
heads and shoulders chart pattern formation on the 4hr time frame.
See chart below for details.
Let's see how it plays out.

NB; Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

closing my gold buy. unlikely it will hit my tp.
i think tomorrow will be bearish

[quote author=adeyinka_basir]bro, pls what's your tp level for GJ ?[/quote]147.6 sir

dust raised from the news from the uk is beginning to settle down.
prices are beginning to head back to where they came from.
gbpnzd has fully retraced. gbpjpy, gbpcad, gbpaud and gbpchf are doing theirs now.
just went short on gj 149.62 and gchf 1.4281
let's see how they play out.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

just went short on gbpcad
the last time price closed above 1.6140 was in nov 2011
see chart below for details

BN; Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

just bought gold 1278.47 sl 1272.70 exit 1294
my system just generated the buy alert.
who's with me on this?

NB; Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.