₦airaland Forum

IF YOU ARE STILL ON EU BUY,I SALUTE YOUR GUTS.I ALSO PRAY YOUR ACCOUNT DOESNT GET WIPED OUT!!!

Market is expecting a news on EU by 9am Nigerian time.If it is positive,green,stay put but if it is negative,red,I beg you in the name of God to close your position for your own good.Check out forexfactorydotcom Cheers!

On a more serious note EU seems headed to Sokoto,north.Put a wedge if you must follow it.

Market is ANGRY!!! Trade today at your own risk.As for me,it remains 'N0 TRADE'.But gambling is still allowed,hmm.You may buysell too.

Dipwater: Pls how profitable is the forex trade. If I invest like 100,000 in a month how much are sure of making

This is a risky business.It also comes with its rewards.Invest it in another offline business cos you can lose 10,000 in a day.If you still insist in forex,then get trained,open a demo account n trade for atleast 6 months if you like your achievement.Welcome on board.

ehizmac: yes o...i can even trade on saturday [/b]and[b] sunday if i find my signals

That's my guy!lol.Could you believe some even trade in their dreams?

tonjoan: That you trade only on Fridays don't make other days less important. I trade practically everyday so long I see a clear cut trade opportunity and none of the day's have come in any better than the others. We sure have seen some Fridays with less volume than the other days within that week haven't we?

Refer to my earlier posts where I mentioned the fact that I trade on fridays 'although not' every friday.That ensures I minimize my losses and maximize my profits.I don't buysell as some would put it.I either buy or sell and make b/w 70-100pips per trade instead of 15-25pips in between losses.Of course you are free to choose your own style.

[quote author=Ogboraph][color=#000099][b]How can you say "that scalping is not trading" if you ve lost so-much money trying to scalp does not nullify scalping as part of trading. Every strategy has its rule and if you don't Know the RULES OF SCALPING then don't ever Condemn it, before i decide to trade longer TF i scalp a lot for profit and made thousand scalping the market by following THE RULE and it worked fine and now i can tell you better. in as much as i trade long time i do scalping too, i scalp EU yesterday wen it falls and made profit yet my long trade was there. ...... I appreciate your views.Could you explain to this honourable house the money management inherent in scalping and how a losing streak could blow out an account in just one trade and how scalping gives rise to gambling?As a matter of fact scalping has the highest risk factor behind it.I rest my case.

JAkpayen: I like your trading style since it's only on Fridays (rest of mind), but most of us here know as house be so we wan make the dough on time.

From what I know before Tuesday,Wednesday and Friday were possible days to trade but with the current market situation day traders stand a better chance on fridays.Hurry most often leads to Sorry.Our traders are not patient,me inclusive but it pays in the long run.How would you like your account to grow like this 100dol.,300dol.,900dol.,2700dol....etc.Friday is the password.

ehizmac: Fxwarrior guess i like the name....seems you are a long term trader like me so wadup

Am good.I am not a long term trader but a day trader.I only trade on fridays when the 'big boys' are in the market.Cheers.

nolly042: of all u have said so far their is one that interet me the most ie volume. how does it affect the trend?

In forex majority wins the race.By volume I mean amount of cash injected in the market.It is more easy for a market to move freely in the midst of volume.As for trend,use your candle stick pattern and indicators to determine the trend in a higher time frame like 4hour or daily.

I make bold to say that scalping is not trading.The only way day traders profit is by waiting for a day when there is volume and direction.Patience is one of the qualities of a forex trader.Forex as a matter of fact is seen as an investment that lasts from 2-7 days atleast.Its not how many trades you make that counts but how much you make from your trades.The more you trade,the more you expose yourself to losses.Take these tips seriously.My free site link today is forexfactorydotcom for fundamental news.Cheers.

If I had a software I would give it out for free.I have friends who lost their money over 'softwares' that was meant to give them thousands of dollars per week in profit.The best software you have is yourself and ability to accept responsibility for your trading decisions.QUOTE ME.

It is very disheartening when people make a mistake they were already warned about.I still maintain my views.DAY TRADERS:NO TRADE or TRADE at your own risk.LONG TERM TRADERS:Don't panic.Remain calm for now.

Ogboraph: [ciolor=#006600]ALERT ALERT ALERT Buy GBPUSD @1.5884-1.5894,TP@1.5954,SL@1.5858 for those of you who miss the early bird ride @ 1.5860 you can still
join you ve miss 20 pips [/color]

At this point I call for caution for day traders.If what I know about Wednesday trades is anything to go by. Market usually stalls around 6:am and risk aversion usually sets in.So be sure to monitor your trades closely and to adjust your stop loss against any sudden move against you especially from GBPUSD.To be forewarned is to be forearmed.To long term traders I say fire on. Stop loss should not be less than 100pips to target 200pips. Note that this not my call for trade but only an advice.Cheers.

Concept: U mean quality & not quantity trade? Fxwarrior what are u now going to do considering the uncertainty in EU & GU since morning?

Exactly my point.Refer to my previous post where I said,'NO TRADE'.It simply means you go about your lawful business and ignore that fx exists.For me I wait until friday since am a day trader when am more sure.

Concept: True talk but one must be the lead into the new or continuation of direction.

That means you still don't understand the concept of the 'big boys'.Refer to my previous posts in the morning.It's better to allow them to take the lead,then follow.They have more money than us.So we should profit from their cash flows.Don't worry you will understand better when I start making my trade calls on friday by God's grace.Let's hope there will be a trade then.

Ogboraph: GU and Eu are all buying from ever since i post it

If you had been following the market movement since morning you will understand what I mean.Let me ask you a simple question,'Would you prefer 15-25pips profit with fear and uncertainty to 70-100pips profit with peace of mind? I might not stay in this forum for a long time but I intend to share my secrets during my short stay.I will never ask for a cent in return.Its for free,a gift from me to this forum,and an end to constant losses.It only demands,PATIENCE which most traders hate.

Concept: GU Selling EU Buying No correlation.

Anytime that happens,it means'NO TRADE' unless you are willing to make some losses.

The market is aways right.High leverage is bad if the direction of the market cannot be determined.Never fight the market.If you are a day trader,only choose 1 side if you are wrong,accept your fate and try again another day. I can go on and on but I wish to announce that I will be making my own call for trade on friday around 6am.If you don't enter it before 8 am same day.Disregard it.Like I said I am here because of the love I have for this forum.I only trade on friday although not every friday.Only when there is volume and direction.I make not less than double of my account balance in profit.Wait patiently until then and together we will recover all our losses of yesterday.Cheers!

JAkpayen: lol....na only me dey OYO. I dey target 1.3500 for EU and 1.6100 for GU

It is not only you in OYO,lol.As a matter of fact I have shared ur views since monday only that I don't trade when there is confusion in the market.

namdo: wc. sometimes keeping mute pays to our emotion. majority here are day traders and they give signals based on what they see on their charts (maybe 4hrs, 1hr, 15min or even 5min tf) within the day to last some hours. so it's an alert and people using such signals obviously do so at their own risk.
There are great traders here too who give very sharp and reliable semi intraday signals too, etc. so the mix is here. Na forum so people and i too am entitled to state my opinion, abi? peace
NB: when is yen going to gain power again? any info?
Happy pipping.

I understand,its okay.I don't really trade yen due to its unreliability.It can wipe out an account in minutes and still prove you right,lol.

unclenna: just signed off from the call i made last week to buy euro with almost 200pips. the way the market is my system is telling me is time for the short move this week for EURUSD and GBPUSD. What's your own view. Am already short for EURUSD and GBPUSD This is long term trade oh. If you no get mind no follow me oh.

Hence you have asked for our views.I would be honest with you.If I were a long term trader,I would wait until wednesday which is when the major direction is usually determined.Stoploss should be atleast 100pips away from entry with target of atleast 200pips.Now as regards my view I still believe GU and EU are bullish but wait until tomorrow for confirmation.God bless you.

tonjoan: Make una stop to de attack people position. If you give a counter opinion in a nice way it would be appreciated instead of coming around with the air of a super trader.

I apologize to this great honourable forum members for the misconception as regards my intentions.I am not perfect,neither am I a super trader.It pains me so much when I see people entering trades just for the fun of it instead of with a business approach.Some people even call it a game but trust me,it is a business.We are all here to make money,yes and to learn.I am humbled by your speeches and would henceforth keep my opinion.To the gamblers I say keep it up.

Ogboraph: ALERT ALERT ALERT Sell EURUSD @ 1.3211,TP@1.3164,SL@25pips

How can you make a call to Buy Gbpusd and Sell Eurusd at the same time.These 2 pairs are meant to be headed in the same direction.You may be confusing newbies with your calls for trade. Come to think of it,your risk reward doesn't make room for consistent growth of your account.1:3 would have been more better.

piphunter: At what price? Don't you think you should wait till after the news?

It is very dangerous,I repeat,very dangerous to trade a news immediately after it has been released especially when the market has been dormant and inactive before its release.It is better to trade a news before its release if the market has been rallying and to use the news release to confirm your entry.

Ogboraph: Good day all, its been a long time i visit here, i couldn't trade yesterday due to the nature of my Job, i hope you guys are making it real cool on trades, for green pips.

Yeah,for green pips!Welcome back.

tonjoan: buy pending order on gu and eu triggered. Let's see how they go.

Okay nah.That is if your stoploss if available doesn't get triggered first.

Impatience still remains the bane of most forex traders.Some traders would buy,market goes against them.No it is not buy.They sell,market goes against them.They become frustrated and even go about blaming brokers and every1 but themselves.I have seen traders who had their accounts blown away in a single trade.Forex market has been there and will still be there long after your account has been blown.So why hurry?Be wise!Check out babypipsdotcom for more info.Remember to replace dot with . in your web browser.God bless us all.

Does some1 still wish to know why only 5percent forex traders are successful in the market?The definition of a successful trader according to babypips is 1 who makes pips,keeps pips,then repeats the same process.I am a discretionary trader.I have been in the market for more than 4 yrs.I know about chart patterns,I also have knowledge of fundamental analysis.I claim not to be perfect but 1 thing I know during my sojourn in the fx world is that the big boys make the call.When I talk about big boys I mean banks, governments,financial institutions,big individuals like George Soros who have billions and trillions of dollars to invest.Even babypips would tell you to wait for confirmation during a bullish trend that suddenly pans out before making an entry.I exposed a strategy I use to triple my account balance every good week and what do I get?Knowledge of technical or fundamentals mean nothing if there is no cash flow.It only gives you an idea of what to expect and to watch out for confirmation.

tonjoan: Good day to all fellow traders in here. About the eu and gu, there are conflicting signals but the overiding trend for now is bull. We seem to be nearing the end of the retracenment and should rally back up soonest.

In my own opinion I would say,'NO TRADE' today.There will be some stoploss hunting today.Why lose your money trading when there is as you said,'conflicting signals'.There is no volume,no direction.Whatever side you choose now will not determine the direction of the market.Allow the big boys in the market to make the decision,then follow them and profit from their cash flows.Due to the love I have for this forum members I can tell you to wait until friday if you are a day trader instead of gambling your hard earned money away.Please no disrespect intended.

honeric01: WOW, my silver is bleeding o.

Should we call an ambulance?Lol. How long have you been trading silver?