₦airaland Forum

just went short on gbp/cad at 1.5548 TP 1.5435
sorry no chart to attach.

just went short on gbp/cad at 1.5548 TP 1.5435
sorry no chart to attach.

nolly042: nzdusd not too sure of the short cos on the 4hr tf we have an inverted hammer and a morning star closing the week. on the weekly chart it closed with a hammer. ur short might as well be given a second thought if u ask my little opinion though i do not trade that pair. safe trading

thanks for your observation. let's see how it goes.

chart pattern analysis for silver
heads and shoulders pattern identified, though not fully formed.
we can only call it a heads and shoulders pattern when neckline is broken.
presently, left shoulder and head fully formed.
right shoulder is about forming. i'm expecting price to head to neckline.
to trade safe, neckline should be successfully broken and tested before trigger is pulled.
But for me, one of my systems is telling me to push the sell button at 34.00 sl 34.48 tp 32.74
when neckline is broken i'll open more short positions.
see chart attached.

NZD/USD

I'll wait for price to retrace to 0.8217 before going short. SL 0.8279 TP 0.7980
should it fail to retrace to that level, i'll go short at the break of the closest pivot level.
Sorry, not chart for illustration.

NB; nothing is guaranteed. Price could just do the opposite.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

stalking silver and nzdusd to short. will post chart later.
happy new week to you all including moi

sell eur.cad 1.3131 sl 1.3186 tp 1.2900

for short term traders you can take profit at 1.3031 support

sorry no chart

trades i'm stalking at the moment.

gbp/usd and silver.

see charts for details.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

dboy365:
seems i ve it but someone already gave you.

sir, you can equally send.

thanks

mirage:
Hi, check ur mail.

sir, nothing is attached to the mail. kindly resend.

thanks

hello all,

please does anyone have "Japanese Candlestick Charting Techniques, by Steve Nison".

kindly send it to me. pleasedashme@yahoo.com

I'll really appreciate it.

@dboy365

thanks for watching my back on the silver pair. trade closed.

trades placed this morning. sorry no charts for illustration.

gbp/chf short at 1.4229 tp .4097

eur/jpy long 107.95 tp 111.00

eur/cad long 1.3385 tp .3670

eur/gbp long .8481 tp .8677

aud/cad trade i posted this morning going according to script.

usd/chf yet to fullfill our criteria to pull the trigger. so we wait.

silver in negative. but yet to hit sl. i wonder why this pair won fall my hand. i don't consider you a loss until sl is hit.

i'm currently stalking gbp/chf. looking forward to short. looking a if today's candle will close as a bearish pinocchio nose.

My chart pattern analysis for gbp/jpy

double bottom pattern just completed on the weekly.

see chart for details.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

just sold silver 35.42

noticed heads and shoulders on 1hr chart

macd divergence on daily chart.  noticed friday's daily candle closed as a bearish pinocchio nose at a significant resistance.

noticed weekly in a downward chanel.

my sl 36.00

tp 32.80

when price hits 34.44 i'll move my SL to BE

if i'm wrong, so be it.

see chart below. Though chart not as detailed as i would want it to be.

I only attached the weekly chart showing the channel.  you can check the 1hr and daily charts yourselves.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

chart pattern analysis for aud/cad

expecting price pullback to .0655 before pressing the buy button.

I actually bought on thursday (trade is still open). looking forward to opening another position.

Friday's daily candle closed as a bearish pinocchio nose. Whereas the weekly candle closed as a bullish pinocchio nose.

I want to believe the higher time frame supersedes the lower. (hope i'm not wrong)

see chart below for details.

NB: nothing is guaranteed.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

BONJOUR A TOUS

my chart pattern analysis for usd/chf

Noticed a head and shoulder formation on the daily chart.

surprise surprise! This one has two heads. Yes, i said two heads.

Never traded this type on live before.  I consulted my chart pattern encyclopaedia and i saw it on page 305

Trigger should have been pulled around .9111 (at the break of the neck). Though i sold on thursday and ate 115pips, i closed the trade prematurely  because i

didn't see the pattern until over the week.

Its not too late to jump in. we can still squeeze out up to 400pips.

see chart for details

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

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

eu sl hit. lick my wound and move on

just want to draw your attention on eur/usd pattern analysis i made last week.

my buy that day was just 3pips short of tp. closed trade at +42pips whereas it got to +93pips.

as analysed last wk, noticed heads and shoulders pattern forming on daily.

the right shoulder has fully formed. time to sell. here is the link to my post of last week. https://www.nairaland.com/nigeria/topic-849246.2304.html

my entry .3203 sl .3246 tp .2870

if it works out, over 300pips profit. if it doesn't 40pips loss. i'll lick my wound and move on.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

last week or so, i posted a chart on gbp/jpy showing a head and shouder pattern.

well. price has finally broken the neck and it's heading north.

i've been very busy offline i failed to notify the house on the break

my entry 123.36, tp 126.70

not late to jump in. just wait for price to pullback.

bonsoir,

chart pattern analysis for eur/usd

from what i can see on my chart, a heads and shoulders pattern is being formed on the daily chart.

so far, the left shoulder and the head is already there. price is currently heading north to form the right shoulder. ( I think)

so from the look of things, price is heading to somewhere around .3200.

don't expect both shoulders to be same level. It's ok if it's on same level.  Equally ok if it's not.

Now should price head to .3317, then it ceases to be a head and shoulder pattern

To trade this pattern, wait for the head and both shoulders to be fully formed. then let price come down and successfully break the neck.

When this happens our price projection from the neck should be 272 pips.

( sorry, no space here to give a lecture on how price projection for this pattern is calculated)

so our tp should be .2773 but price will surely encounter a strong support at .2870 so taking profit at that level will make more sense.

This is how i personally will be trading this pair. I'm already on buy with tp at .3200

when price hits this level, i'll watch out for candle patterns signifying price reversal, wait for trendline break on 1hr, draw my pivot lines and equally wait for the

closest to price to successfully break and test, then i'll hit the buy button.

won't be waiting for the neck to break.

between the expected high of right shoulder and neck lies roughly 150pips.  Not sure i can let such huge cash pass me by.

NB: nothing is guaranteed. Price could just do the opposite and ridicule all my analysis.

Don't forget; PRICE IS KING. FOLLOW IT WHEREVER IT GOES

Bonne nuit et a demain.

they want to rescue the nigerian education system from collapsing.

very funny. something that has collapsed long time ago.

gbpchf sl hit. i lick my wound and move on

i posted a chart on gbp/chf on sunday. and we were to go short should the 1hr trendline be broken.

i never did. we saw an upside breakout of the pattern which wasn't what we were looking for.

price has re-entered the pattern and trendline equally broken. so we can enter now. Expect it to crash.

my entry .4526 sl.4565 tp when it hits blue support line (see chart)

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

nzdusd

just bought 0.8308 SL .8291 TP .8412

Pinocchio nose on 1hr chart as price bounces off 4hr trendline and .8291 support

chart pattern analysis for gbp/chf

noticed a broadening bottom pattern on the 4hr.

We are looking forward to a downside breakout of the pattern. price likely to hit .4245

see chart attached.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES

aguiyi:
am bearish biased on that pair as 1-2920 seem to be a sure destination.
the 4h, daily and weekly candles tend to agree with that

ok sir, thanks for your observation. you analysis might as well be correct.

wherever price goes, we go follow am. that's the only thing that can guarantee us success in this biz.

eurcad chart pattern analysis

A - B - C - D pattern on the daily chart

I've never traded this pattern on live. i'll be doing so come monday.

price moved from 1.2879 to 1.3250  (A - B). we now saw a retracement  (B - C)down to 61.8 fib level at 1.3105 which coincides with 1.3090 support.

(never used fibo until now. Was amazed the way it played out on one of blog icon's calls. Hope i used it correctly)

Thursday's candle closed as a pinocchio, showing how price rejected 1.3090 support at 61.8 fib. On friday price was heading north, confirming that bullish

pinocchio nose before NFP news pushed price down. (price is already heading back to where it was before NFP).

so where are we? we have A - B, we also have B - C. so we're looking forward to making money on the C -D  north move.

Price projection:  AB = CD ( 1.3250 - 1.2872 = 379 pips). So our CD move should take us up to 1.3484. Price will encounter resistance at 1.3440 so it will make

more sense setting our TP at .3420. I'm equallly thinking an ideal thing to do will be to take first profit at .3229 before targeting .3420

market closed on friday at .3056. there is a resistance at .3091. wait for price to successfully break that level before placing the trade.

There is a bearish engulfing candle on the weekly. This will make us think south. But i strongly believe the week closed bearish as a result of the NFP news.



three things are bound to happen. price could just go as analysed, go south to .2878 or go north to .3245, form a double top there then head south.

Any thing can happen but i strongly believe price will head north.

NB: nothing is guaranteed. price could just head south to give us a double bottom and rubbish all my analysis.


so let's see how this plays out come monday.


PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

Just wondering what is going on with gbp/jpy. i remember those days when this pair averages 250 pips/day.

Those days if you get your analysis right it will fill your account. and if you get it wrong it will spell doom to your account.

Remember i placed a call to go long on this pair on thursday for a 130pips profit. As at friday close it's just +70pips.

so it wants to use 3days to give me ordinary 130pips. Na wa oh.

@blog icon

thanks for your advise on eurnzd. It's best to just keep it for demo for now.

your usdchf alert, the potential profit is roughly 75-80 pips and not 175pips as on your chart

good call. easy pips for me come monday.

thanks

chart pattern analysis for eur/nzd

placed an alert on this pair yesterday that hit sl.

hope i'm right this time.

noticed a falling wedge pattern in a down trend on the weekly. see first chart.

price just hit a significant support.

daily candle closed looking like a pinocchio nose. (see 2nd chart)

also noticed a macd divergence on the daily time frame. A doji on the 1hr

I went long at 1.5815. first target .5900 2nd tp .6210 sl .5715

i'm done with this pair if i get it wrong this time around.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

@billydnyce

thanks for your analysis. makes a lot of sense. unfortunately i'm not good with indicators other than trend line, S & R
Trade of yesterday, i placed it too early. should have waited for the daily candle to close.

@blog icon

thanks, saw pinbar on 1hr, entry .5821

you always give alert on trades with potential profits above 100pips and usually off the daily chart.

a bit surprised with this small change of pattern.

anyway, guess it will hit tp before NFP

Thanks

biLLydNyce:
i think u are right on the upside down H&S formation. on my daily chart, price is right above support line at 120.30 and resting on d black MA which now act as dynamic support, that is a bull signal (supporting possible reverse H&S) and 122.60 wont be a greedy target. i will like to pull the trigger on my 4hr chart but i think i will wait till 10ema forms dynamic support and must be above 365ema although my 30mins says PULL THE TRIGGER! right now ,

u mentioned having 6 consecutive loses on eurnzd, i will like us to look at that pair 2gether , 2 heads they say r better than one

sure, 122.60 definitely not greedy at all. price heading to 127

pls go ahead on the eurnzd

biLLydNyce:
what time frame? let me try to see what you saw, been on d sidelines all day, wasnt prepared for eu's drama

daily sir