₦airaland Forum

voraz:
Accurate, yes, when used rightly
but requires patience and ability to hold swings of profit eating retracement

God knows I can't withstand seeing my profits fade.

But what if I close the position when it starts retracing and enter again when the wave continues? Won't it work?

saxy4c:
Could you kindly show us how you trade along with the trend and hardly or never have a losing week with that strategy? With your assertions, you're basically asking a couple of us whose strategies are largely hinged on pressing the buy and sell button against the general market direction, to consider relinquishing our methods.
I personally am flexible enough to adopt any methods that'd give me more returns, although it has to be essentially simple enough to understand.
Certainly, a lot of us would decipher your methods when you share your trades as that would be far more reaching than your regular weekly updates of how many pips you made or failed to make in the course of your trading. Kindly consider this request as I'm highly interested to experience this method you emphasize on. Thanks sir.

Gbam!!
Seconded!!
Oga Harizonal, biko, show us a few example on the chart. Or better still give us some trade signals to augment your claim.

walexy100:
NU: Wave A bottomed at 6000; B should not break above 6175; C to target 5950, currently at 6135.

Sell sell TP 5950 SL 6175

Our wave analyst have spoken.

I love your analysis. They conformed with mine except for EU which I couldn't get a clear signal on.

I will be looking more into wave analysis, seems it's accurate enough.

Tonyfx:
I look for buy and sell signals at those key levels then I enter on a 50% retracement of that signal. That way I have a lesser risk and greater reward potential but the downside to it is that sometimes the market may not get up to that level so I do miss out on some trades but that's okay with me.

As for that EURAUD, I didn't get any buy signal and the way bears are pushing through that key support I probably might be looking for a short-term sell signal. But don't worry I'll keep you updated

Alright bro.

Let's keep watch and hope it pays.

Tonyfx:
This pair has been on my watchlist for a while now and price has finally gotten to the end of the road , the weekly chart is bearish so I would prefer to see a sell signal this week but a daily close above the ascending triangle will change my bias and I will be looking for bullish signals on a retracement to .8562 level.

Nice observation.

I will start watching it too. I'm not a long term trader but it will help me know the overall trend direction while trading short term.

But oga Tony my question is, how do you make the right entry? Cos you will be sweating dollars, profusely, if a daily candle goes against you by one not to talk of two candles.

How do you do it?

Plus, I'm still waiting for the signal on EurAud.

Viking007:
There was a time I don't even scroll down. I just log in & go straight to the business section. 99% of the most active users on that betting thread don't comment anywhere else. In fact it's even weird whenever I see them commenting somewhere else.

Lolx, you just described me.

I recently joined NL just to contribute and learn on the forex thread, I've spent 3days on here but yet to comment on any other thread.

@Seun and @Naijacutee ,

If you scrap the forex thread, I will scrap my account and move on.

forendals:
why don't you set an SL, atleast very wide, before you start playing emotional game of "it will reverse", well 0.01, the tears won't be much

Lolx.

It's demo.

If it's real account I would have closed the trade and wait for next week before buying.

Gasive:
EurNzd
Buy - 1.75900.

Sl - 1.76600

TP - 1.78200

I decided to look further to see what's keeping this trade from moving, and here's what I saw....

I've removed the TP, and will be riding this trade for some weeks.

hegelian:
trend is relative and that relativity negates whatever it is we call trend...a so call trend on 15min is a range on the 1hr and just 2 or 3 bars on the daily, a trend on the daily is just a range on the weekly and so on and so on..understanding this principle is the first basis to breaking the code of market structure

Exactly bro, you got it. Trend is dependent on the time frame you trade.

Bornfool:
Base on my own opinion you should have been more patient for the price to react to the support before taking a buy entry. Thanks for that day

Seriously.. but I'm observing.

harizonal123:
Alright, different strokes for different folks but always remember that the trend is your friend. That is the rule that has kept me going for the past four months. I'm yet to record a negative week

Alright bro, but it doesn't work for me, so I'm trying a new thing.

harizonal123:
Why do people trade against the trend. You will struggle for many years without consistent progress if u keep doing this

Lolx... I used to think this way but wasn't profitable. I now prefer going AGAINST the trend, as u said.

Let's watch the trade and see how it goes.

Gasive:
EurNzd
Buy - 1.75900.

Sl - 1.76600

TP - 1.78200

Sometimes I wonder what the market gain in doing this.

Seems my SL was too tight.
I'm buying again.

saxy4c:
Buying UsdCad 3945 Tp 4105 Sl 3905

Now this chart looks like a confirmed double bottom to me. Staying well above the double bottom level and rejecting all attempts to go back to sell, so I looked for a buy opportunity.

I'm waiting for a break above the red line before buying.

XauUsd.
Sell - 1720.

Sl - 1728

TP - 1700.

Donvic4u:
I'm not saying he's wrong....jx want to get his general view

Alright bro,

EurNzd
Buy - 1.75900.

Sl - 1.76600

TP - 1.78200

Donvic4u:
i see a potential double bottom...why are you selling boss?

I think he's right.

But I'm waiting for a pull back to sell.

Is this how nairaland is or is it just me.

I got banned for days and I don't even understand what I did wrongly, can someone please explain so that I won't repeat same mistake.

Bornfool:
Lets do that one on Gmail I go send you message 4 gmail

I've replied your mail.

Bornfool:
gtbank

Copied.

You can remove it.

But I still need your initials for proper verification, something like - A G S.

Bornfool:
Bro I dey wait for your promise 4 days to go

I actually got the alert today. I was surprised.

Drop your details.

wiconse:
1684

Alright bro, let's keep watch and hope this dude pays us.

wiconse:
SELL GOLD, 1705 SL 1710 TP 1684

I've taken position already, eyeing 1650 tp.

What's your tp.

saxy4c:
GBPJPY buying 132.72 Sl 132.42 134.62

Nice call sir, I've been eyeing this trade but just having double mind. I will wait for a break out on 1hr tf before buying.

Thanks for the update.

Modified.

Oga SAXY4C where you dey na??

Come drop the signals make boys scalp some $$ Biko!

Tonyfx:
Don't get what my question or the videos you downloaded



na small change I dey grow. Depending on what you would consider a good shock absorber.

Lolx, alright.

Just remember to let me in when you're ready to take off, so I can ride with you.

Tonyfx:
Yet to

Hmmm.. your patience is legendary.

Pls what's your equity? Cos from what I'm seeing, a good SHOCK ABSORBER is needed to hold long positions.

Tonyfx:
Why don't you learn how to do it yourself instead of relying on the information of others. Just my opinion

Oga, have you taken position or you're yet to, on EurAud?

walexy100:
Yea, I wanted to go @saxy4c. I will try again next time.

Your UsdCad call was right after all, you just made the wrong entry. The pair will be falling soon.

After making some silly mistakes last week i spent this weekend working on my trade entries, and I believe I've found that edge.

I think you should work on that too.

A good entry should be at 1.4135 and your SL should be just above the previous high.

You've still got time.

Tonyfx:
GBPCAD Sell limit 1.76231, SL 1.77115, TP 1.66000

Your fore-sight no be here!

Respect.