₦airaland Forum

chart pattern analysis for EUR/AUD

Hi folks, i'm still on my 1 month self-imposed live-trading sabbatical leave.
september is a month not to remember for me. Dented my account bigtime so i went on a little pause.

The trade setup below is so juicy. i'm tempted to place a live trade. Thank God i'm able to hold myself
Indiscipline has killed me in this biz times without number. I'm learning fast now.

I just can't remember ever seeing such a juicy setup like we have below go wrong.
This is a money-in-the-bank trade. take it and thank me later. (oh dear, boast and pride is controlling me here)

NB; nothing is guaranteed. Price can do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES

swiftz: Hello. Longest time.

been awhile. you just disappeared.
you ok?

ziqqz: Well at least you weren't abusive whilst upholding your suspicion. Thank you.
Nope, if my word will count with you, I aint no other but me maaan. I appreciate the notable comparison though, but it's a wonder why there should be a need to "hide".

sorry sir, i'm afraid to say that i ain't buying it.
your reply to my post says it all.

ziqqz: As the search for the "most perfect form of scorn" continues, we may wish to step back and consider if the recipient truly deserves such scorn, and, hitherto, rebuke, insolence, a harsh reception. Why is hostility on hair trigger with you guys? Isn't everyone entitled to an opinion? And if yours is different from mine, does it mean instant expulsion of respect, patience, and importantly here, reasonable dialogue?
We aint fighting. This is one of many mediums via which the conscience of Nigeria and Nigerians is portrayed to the outside world. You'll do well to maintain its decency. That, combined with the brilliant forex analysis seen here, is arguably the "most perfect" proof that Nigerians are more civilized than the barbarism (remember the 4 fellas?) exhibited in recent times.

sir, i've been going through all your posts for today. You have a very good command of the english language i must say.

your pattern of writing has a striking similarity with that of toks2008; your choice of words, the way you retort, etc. they seem to have betrayed you.

I strongly believe you're toks2008 hiding under a new username.

tpacalipse: To survive in this naija babes world, you need to be an expert at killing thoughts. Whenever her tot comes to ur mind, just kill the marafacking tot. Once you become an expert in killing tots, you shall have more future break ups and they will never again affect your tots in anyway.

you talk of killing tots. how is it done? you never gave a clue

honeric01: I think i have lost trading focus, guys abeg, how does one regain his concentration back after series of losses?

hello sir, you're not alone. september was terrible for me. over trading and forcing trades. series of losses.
my wedding fast approaching, what i've been able to raise offline for the event is nothing to right home about.
trying to raise the needed cash online (forex ofcourse), got my account seriously dented in the process.


just take a break my man. That's just what i'm doing.
we will both bounce back.

@ OP, worms full your girl friend belle. this is as a result of acute infestation of worms.
just de-worm her, period. Go to any pharmacy and ask for 'wormin 100' or mebendazole. it goes for just 100 naira.
trust me, you'll come back here and thank me.

went short on gbp/chf at 1.5159 exit 1.5092
i think i pulled the trigger earlier than i should.
Equally have a sell limit order at .5186. that's where i should have pulled the trigger in the first place.

see chart attached.
is this a money-in-the-bank trade? let's see how it plays out. anything can happen.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

chart pattern analysis for AUD/USD

everybody is celebrating their tp being hit. me it's sl that is being hit again and again since monday.
done for the week.
just spotted a head and shoulder pattern on aud/usd.
will upload chat later. you could trade it if you wish.
done for the week so won't be trading it.

just went long on nzd/jpy
see chart below
Nothing is guaranteed. anything can happen

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

eur/nzd trade gone wrong. licking my wounds and moving on.
pulled the trigger with so much confidence. that's forex

just went short on eur/nzd
see chart below for details. first chart is 1hr and 2nd is 4hr.
take this trade and thank me later.
N.B Let's see how it plays out. Anything can happen.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

lari03: Waiting for today's close to analyze the market well, no clear trends on my horizon just yet, where's frenchman2, sniping things are in the works I believe

very much around sir. pulled the trigger on gbp/chf.
i attached chart with the alert on page 12.

just went short on gbp/chf
1.5100 support broken and tested.
see chart below

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

erniok: frenchie, you went short on that pair? wow. would have advised you longing it because its grossly oversold on daily. its a question of time before it starts rising.
anyway, you know wat you saw.

my bros pulled trigger at the wrong time. news came out and i saw it in red. though it's presently +7pips.
let's see how it plays out

just went short on gbp/jpy
nothing to write home about my trades so far this week.
hope this one works.
see chart below for details.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

JAkpayen: @ naijabae, did you give bendazoom authority to open a new thread? At least make people dey respect gray-hair.

nice one

just went short on NZD/CHF
entry .7693 exit .7640
will upload chart for details later.

Kirinwa: Everybody has his / her psychology as regards to trading.Know the type of trader you are and stick to it.Am a medium term trader and so take my bearing from 4H and daily candlestick. Patterns.I can tell you that EJ will definitely see 103 before this month runs out.My target is 300 pips.Time to make enough money for bride price.Where is Lucy self.Protect my Lucy Lord like you protected my position yesterday, Amen.

like your sense of humour

dboy365: just bought gj at 125.00.

guess you're gearing up for the competition.
saw the chart you posted. just want to know if the support and resistance lines are drawn manually or you have a software doing it for you

just went short on eur/aud
entry .2307 exit .2160

erniok: EURNZD and EURAUD osheee. logged on now to see some 90 pips good pips. waiting for retracement before i plunge in again.
frenchie, how far.

bagged 30pips on gbp/nzd. you no say na eur/nzd twin brother.
au and dow one fall my hand

naijababe: Just sold the Dow based on a confluence of signals. Double top on the hourly chart, neckline also 61.8% retracement and of course the daily is well bearish.

Also went short on Gold, mainly because the daily remain overextended and the stochastics is showing a double top with the 4H being clearly bearish. This trade is somewhat risky though but we'll see.

Thanks for drawing my attention to the dow.
just went short at 13259 exit 13160

chart pattern analysis for AUD/USD AND NZD/USD

naijababe: Preceding? Wasn't NFP last Friday ?

oops. it appears my knowledge of english is still questionable.
i mean the tuesday the NFP precedes.

erniok: hope you'll teach us here.

i will

lari03: NZD-JPY analysis paralysis on display here,
I go long within the next 2 days or after the close of a favorable trend days candle, with the option of holding the trade for 8 trading days or take profit at the upper rectangle.
Frenchman2 where you @ ?

just by the corner sir. I usually don't trade mondayS preceding NFP. will trade tomorrow with a technic learnt from kishore
which is used only the tuesday preceding NFP

eu sl hit yesterday. wrong entry

Toks2008: Frenshman please clear this issue for me.

sir that is it oh.
if you had bought at that 1702.90, price is currently 1711.60 which means you're +87 pips
if it's not clear place the trade on demo.

Toks2008: Can somebody explain to me how this gold pips value is calculated.

For instance, gold is now at 1702.90 so if i want to buy with 70pips stop loss what will be the price point of the stop loss.

1695.90

here are the charts
the first is daily then 4hr then weekly
looking at things from the bigger picture is very vital.
like i keep saying, nothing is guaranteed. price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.