₦airaland Forum

mylove007: You are apppreciated bro. Honestly, its touching to have someone like U who willing to help others achieve in forex, despite your tight schedules. You are one in a trillion.
May God in His infinite wisdow, honour and grant ur desires as you take this bold step in helping the newbies. God bles you abundantly. keep it up.

You are welcome.As the saying goes,free doesn't always imply cheap.What I am sharing is as a result of over 4yrs experience in forex.Patience still remains a virtue in forex.Eurusd remains the best pair to trade on fridays.I will not only give newbies fish but I will also teach them how to fish and profit in forex with minimal risk.Trading only on fridays still remains the best option for newbies.Forex is lucrative but discipline ensures profitability and patience sustenance of the consistent growth of your account.Banish greed,defeat fear.God bless you all.Cheers.

Having proved beyond every reasonable doubt the impact of fundamental analysis,news on the movement of market prices.I have watched with dismay the risks our newbies are being exposed to,not because of the unreliability of my predictions but by the risk averseness and market conditions. Having also proposed the 'big boys' theory.I would therefore be providing fridays analysis to spare our newbies from the heartaches of low liquidity and uncertainty.Remember to buy when market prices are forming higher highs and to sell when market prices are making lower lows.Join me on fridays then to recover your losses and guarantee consistent growth of your account.Cheers.

It is worth knowing that GU is nearing its psychological barrier,1.6000 and caution should be exercised.Like I said earlier,tomorrow's news may not favour GU unless otherwise proven wrong.So a buy on GU may be suicidal for now as regards your account.To be forewarned is to be forearmed.

Thanks for your patience.As a matter of fact,patience still remains a virtue in this business.The disclaimer statement still applies to all my posts.Knowledge of fundamental analysis is not a substitute for technical but can be combined to give us an edge over the market. According to news,market is still bullish biased for EU and bearish biased for dollar.News for GBP is conflicting and might not be all that pleasant unless otherwise.Thanks once more.Happy pipping.

Hope it was successful trading day?We should try to buy when price is making higher highs and sell when price is making lower lows.When price is in the middle of nowhere,it becomes tricky unless we know what we are doing.Around 2am Nigerian time still remains best time to guage the market.My internet network has been experiencing problem.Watchout for tomorrow's fundamental analysis.

You may take a buy position on Nzdusd hereinafter referred to as NU.News came out positive for it.

Having read the fundamental analysis on EU and dollar.I would be looking forward to buy EU at 1.3310-1.3330 region,to sell Usdchf at 0.8990-0.8970 region and/or to sell Usdcad at 0.9950-0.9930 region.Watch out for price action and market condition before entering the trade.Happy pipping.

Disclaimer:This is only my idea and does represent any invitation to open a position.

I wish to make certain points clear and thus erase every misunderstanding once and for all.I have not categorically stated that scalpers are gamblers.I only said that scalping is not trading.Of course I am entitled to my views.It is my fundamental human right.I was asking for explanation from Ogbograph to determine if scalping gives rise to gambling and the money management behind it.I was misunderstood.My apology was borne out of humility and willingness to end unnecessary rivalry and arguments. I didn't say scalpers don't use stoploss.While reacting to what 9japipper said,I stated,stoploss not placed 'ATIMES'.Even Ogboraph who is a scalper confirmed that he doesn't use stoploss.We should read in between the lines to understand simple English before responding to the dictates of our heart.I have a scalper friend who in a bid to make 10pips in 20 trades lost his account balance.I have never,I repeat never claimed to be the best.ENOUGH SAID let's concentrate and focus on tomorrow's analysis.

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What has this got to do with forex?

naijababe: Head and shoulder patterns on the daily on GU; I hope aint dreaming the patterns, GU to 15400. EU is one messy SOB, I am staying the hell away from it, I am seeing both a head & shoulders and an inverted head and shoulders

According to fundamental analysis,news,market is bullish biased for EU and bearish biased for dollar.It simply means the market price for EU is expected to rise while that of dollar is expected to fall.There is no news for GBP and can thus swing either way come MONDAY,26 MARCH 2012.

Please I need explanation on how to enjoy my android experience,how to watch films,play music,watch channels with my android phone.Could you suggest things that are useful in android market for download.Thanks...

Please has anyone had any experience with fxpro.Are they reliable?Do they accept liberty reserve,if not what e-currency account do they accept and what reliable Nigerian exchangers accept them?

Divinejoy: How did you manage these positions yesterday?

Nice question to someone who doesn't believe in news,'noise'.I hope he listened to my caution before the plunge.By the way am glad we also have female traders in the house.

[quote author=whirlweend]@FXWarrior.My bro this is what you get when you come into a forum and don't humble yourself.I have not been here in a while but going through some previous posts,I saw some of your post where you attack people's calls and trading styles and generally feeling superior.If a call isn't what you think it is,you simply say so and give reasons.Everybody does what works for them so long as the pips keeps rolling in,even if they lose a trade,it is their loss and not yours,it is their account and not yours. ...Am sentimental when I imagine people losing their acct.I always try to prevent it. Ofcourse I am humble enough to accept my mistakes,otherwisethese series of posts wouldn't be necessary.I welcome constructive criticism if done with respect.I don't claim to be perfect,one of quotes is that the market is always right.I don't have a 100percent win win system,I haven't claimed that.Even a reasonable person would agree based on my explanations that am not a scalper.

The fact that I use stoploss doesn't mean I don't know what am doing.You will agree with me that my Thursday night prediction on EU came true on Friday morning so am not a newbie.Target is based on daily range.I have witnessed cases where PHCN takes light,network disconnection,yesterday's market situation is another reason.I CHALLENGE anyone here to show me where I claimed to be a long term trader!How many scalpers are content with only 2 trades in a day?!My first priority as a trader is to protect my account,making profits is only secondary..I take exception to calling me Pastor King Fx or whatever.I don't know him.I took time to learn the movement of those 6 pairs,so I understand them better.

honeric01: even if u trade once a day and still uses 20pips as SL and 50pips as TP, to ME, you're a scalper but a conservative one.
just tell me, whats the difference between 50pips as TP and 20pips as TP? are they not in the same range?
Odiaero is a scalper and scalps between 2pips and 50 pips.. so[b] to me[/b], you're not different from a scalper you accused of being a gambler.

Difference between 20pips and 50pips??!Visit a kindergaten class.Sorry no disrespect intended.

honeric01: And you actually believe i don't know who a scalper is? to me, another one uses 20 pips as sl and 50 as TP is a scalper to me, 50pips TP is not a target for a medium term or day trader, you could call he or she a conservative scalper, but he or she still falls in the range of a scalper to me.
A day or medium term trader should have at least 50 pips as SL and target should start from 100 pips upward.

Forex is practical and not theory.What is the reason behind having 100pips target,when most of the pairs I trade have average of 120pips range in a day,high-low.Moreover 50pips stoploss is unnecessary given the fact I take high probability trades.As a matter of fact I don't have more than 6 pairs I choose from as at now.I don't near anything JPY.

9japipper: a scalper is someone that trades like an EA. the 5-10 pips tp trader

Apart from the above stated fact,they trade many times in a day,overtrade which often leads to losses,they trade big lot sizes,no money management,stoploss not placed atimes,flexible,i.e whatever comes to their mind. I am comfortable with taking a trade once in a day,good money management,as a matter of fact I set my stoploss first before my target just in case,fixed lot size,invest 1percent of my account per trade,just two trades per day and you called me a SCALPER?

honeric01: 50 pips target with 20pips sl and you say scalpers are gamblers?

Are you sure you know who and what a scalper is?Are you sure you are a trader?Go and google it up.

It was quite an experience,although I took some losses due to greed,had 100pips target which is unrealistic given the current market situation,would consider 50pips target with 20pips stoploss in future.What makes a successful trader is ability to know when to leave the market.He who fights n runs today,lives to fight another day.Next week will be better,Amen.Wish y'all a great weekend.

BIG BOYS ARE AROUND.

It is better to allow the market to release PIPS instead of forcing PIPS out of market.WISDOM.

Learn to forgive the market. We can see that softwares make no meaning in fx.

NO. TRADE

The market has a way of humbling us.The market plays football better than Ronaldinho,RonaldoMaradonna,Messi,Zidane,Okocha,Kanu,kaka,C.Ronaldo combined.Market is always right.... Tommorrow's news is bullish biased for EU.Wait!!!I didn't say you should trade yet.For those of you expecting the 'big boys' trade position by 6:00am.No problem.

@ concept. I was referring to the gamblers. Thanks

The only saving grace for EU is 3pm news.News is real and is no respecter of person.We may be seeing 1.2xxx in the near future.

unclenna: nice analysis. keep it up. I think you know what you are doing. Honestly when I read some people's call here I ask myself where are this guys getting there analysis from. Some out of sentiment instead of going out of loss trade the will stick to it shouting and prophesying that that market will go up or down...i call this type of traders PROPHETIC TRADERS

Lol,actually what affected EU was the news event.

ALL THE 6 NEWS RELEASES TODAY CAME OUT RED FOR EU!!! :oATLEAST I WARNED PEOPLE BEFORE NOW ABOUT THIS.

AS FAR AS I AM CONCERNED THE MARKET IS ALWAYS RIGHT.WE EITHER FALL IN PLACE OR OUT OF PLACE.

tonjoan: Your talk lines always amuses me.

People are losing their hard earned money and you are talking about talk lines.Which of them,be specific.