₦airaland Forum

CHOICE...

EurUsd...i have my eyes on .09485(norm) for a bounce or more down at .08418(mid) which ever price respects,i will be ready to take the buy this time maybe to the 1.17xx target if possible this time around.

house coming to serenity...

quiet here...

off my trades maybe till end of month...will wait out monthly scenario to play out.

my usdjpy trade has its take profit at 102.11...sell still valid with stop above 103.13
beware of buy !!!

priceaction:
hope u are doing well bro. Are you based in naija?

yes bro,am doing fine. i am based in naija.
there is a reason i have been busy,working out my sis marriage.
edit: why do you ask if i am based in naija ?

at times its better not to trade some pairs at some points.
4hr tf,even my fibs are not so looking good...you won't notice if you don't look well. the simple fact is the LAW OF HIGHER HIGHS,HIGHER LOWS,LOWER LOWS AND LOWER HIGHS.
So,both of the 4 hr tf shows bullish and bearish...it depends on how you look at it. this is called a channel and the daily tf chart below depicts it clearly,only a break-out is needed as at this time of trading this pair or you could by-pass the pair by gauging the sister pair.

lol

I have been reviewing my sets of recent trades and like i mentioned earlier,i have become a little bit rusty maybe...won't have taken the bleeding trades as i always haven't or would have picked the better price or the last target but what can i do but to go back and sharpen up.
Do have a nice weekend.
SHALOM

gbpusd next move : same scenario with eg going for a retest maybe and then i have a valid norm at .35207...will gladly take another buy when price starts the bullish move.
if price deviates from my scripts with any uncomfortable move,will gladly close the trades and walk away.

eurgbp next move: i expect a retest of this move done yesterday...but i have every other thing in place and ready to sell again, .8430 is a valid move i will be looking at when the bear begins and after that there will be a new bear cycle where figures has to change but till then.
monthly and daily.

AUDUSD next move: currently price just closed above the norm,will take another buy at market open again. previous trade stop was just below the norm zone area,wasn't stopped out here.

nzdusd next move: i was keen on price meeting the middle x line at .71713 but nfp made it go lower to .71087 at lower marked x line...i wasn't around to mention if i had my stop adjusted,got busy. taking another buy trade when price closes above .71713 again with my tp at the checked area.

update on usdjpy,price respected the high i mentioned...taking my profits at the NORM or MID and from there i will place my buy trade,plans will change if any unusual move happens but i don't see that probability occurring here though.
edit: i just remembered i took this trade off a 15pip stops,think i mentioned here when i took the trade..lol

nzdusd,audusd and usdjpy all were given here in real time...but let me talk about the eurgbp where i personally know attentions are...
first i mentioned eurgbp monthly tf target b4 the move and same portfolio management steps i took for gbpusd was same i used for eurgbp.
am not trying to say this to prove a point,am just stating the obvious...if it had hit stop,i would have mentioned too as i do mention about other trades that hit stop.
how it looks like for the now,will love to see how this whole month plays it. you just have to show evidence sometimes even after the many talks.

"am not lucky,i know what to do and when to do...that's applying my knowledge to work for me". -one of my bosses.

still bleeding...but still holding my gbpusd buy,nzdusd buy,eurgbp sell,audusd buy and usdjpy sell...the only profitable one now is usdjpy.
will update the reason for still holding the other bleeding trades.
i mentioned about gbpusd this monthly candle being bearish and probably the last bearish month for gbpusd also that buying gbpusd for the long term is not advisable and the target i was looking at,i entered buy for a few pips and the move happened fast and quick.reason why stop was not picked here is because i had every target in place and nfp was close,so had to be prepared just in case price intends to hit target before making the monthly candle either a pin bar or doji which ever.

audusd trade...its not about using high stops but relevant ones,even your broker can't manipulate it to your stop zone.
word: "Brokers tends to manipulate trades to where there are a lot of stops in a particular zone where most percentages of retail traders has placed stops,so you see a sudden move of price to a particular zone once and the price bounces off back "....one of the few things learnt.

Feshizzy:
Thank you for your response,
They are drawn manually,
It has to do with some calculations and reverse engineering it too,
I understand fibo values could be customised
And so is this one currently,

Regards,
EF

send me a pm,let's discuss what you want it to do and how you want it.

Feshizzy:
@ JLINE Could you help me reverse engineer the algorithm of a fibo,
I am a complete noob to the fibs family,
I understand you have been very busy of late.
I would be nice of you, if you could do that,

I only have the charts to show,
I believe it has to do with some calculations

Here are some charts,

[img]http://www.forexfactory.com/attachment.php?attachmentid=1947159[/img]
[img]http://www.forexfactory.com/attachment.php?attachmentid=1947189[/img]
[img]http://www.forexfactory.com/attachment.php?attachmentid=1966327[/img]

Thanks,

Regards

EF

what you have on your chart looks like a fibo indicator that automatically draws those zone on your chart unlike mine which is drawn manually.
am i right ? if i am,i don't have any idea about coding a fibo you will have to look for coders maybe in ff.

JLINE:
Eurgbp has a valid .89333 move to do but there will be a little retrace first which has already started on the 4hr tf though...this bear move is supposed to go deep down to .8606 or .8591 which is just a few pips different though. just sold the pair now...

bolded hit and more...its unusual for price to hit norms without retrace but this is attention seeking. watching...

JLINE:
Gbpusd has a valid .25957 to do as price refused to close above the previous criteria for a bull move. this month might signify maybe the final bear move of gu,won't be looking to buy this pair for a long term any time soon.
price playing this scenario...watching.

hit here and even more on bolded...i see trends everywhere. meanwhile i have become a little bit sloppy or rusty with my entries,exits and analysis.
since price got below,expecting price to hit the lower marked x line at 1.20168

usdjpy seems to have topped...same high of the last two 4hr candle of the day are same,will risk 15pips for a short here when price comes around that high again just now.
102.11 is a target i will be looking at this time around with 101.5x still being a mid to watch too.
The second 15mins chart is where i place my sell trade,that's my supply zone.

waiting to buy nzdusd again...let 10pm come first.

audusd is confirmed buy...risking 40pips here,targeting 125pips here.

JLINE:
Gbpusd has a valid .25957 to do as price refused to close above the previous criteria for a bull move. this month might signify maybe the final bear move of gu,won't be looking to buy this pair for a long term any time soon.

price playing this scenario...watching.

previous trades currently bleeding,had to adjust stops on all of them...its time for them to start moving in the supposed direction.
my personal reason is seen on the us index below,price hit target here and makes us index bearish for a while.
daily chart

JLINE:
price currently is at 103.49 how much more will the bull go,for now can't really tell until there is a NORM in sight with a valid mid...200+ currently.
EDIT: checked the lower tfs and i can see where the next high should be,its 103.95 or 104.03 either one of them most probably.

the bolded was the close of the previous 4hr candle and price currently at the red one now...lets see how price closes.

Gbpusd is doing the needful...watching carefully but already positive though.

Eurgbp has a valid .89333 move to do but there will be a little retrace first which has already started on the 4hr tf though...this bear move is supposed to go deep down to .8606 or .8591 which is just a few pips different though. just sold the pair now...

US index is showing bullish sentiments and its not healthy for my audusd buy trade...nzdusd is around the 4hr tf .71713 price area and trapped in the zone between .71832/.71713/.71594 a close above .71713 on 4hr tf will make me take a buy trade while making sure i have the us index on bearish side.

JLINE:
Audusd sitting on a demand zone,price should pull into the demand zone again precise entry at .7617 and that's the buy signal maybe for a few 80pips ride.

don't know why price suddenly decided to start ranging after making a nice bull move...seems like i am trapped here,will get out when i get a chance to.