₦airaland Forum

priceaction:
Good work here. Hope u are reapin pips

Bro surely pips have to be reaped.

looking to take a buy hedge position on usdchf on 4hr tf while still holding the long term sell position...i want .9633 to be broken by the 1hr and 4hr candle first b4 entry. just aiming to collect a little 150pips in the buy here if it ever meets conditions.

Feshizzy:
Sir JLINE,
Keep up the work,
And keep bringing the pips home.

Boss much respect,just doing what i love to do most.

eu has a .1163 valid move on 4hr tf next but those mofus might want to push it down as far as .1091...oil is trapped in a mofu,only a sharp movement of some kind can push it either up or down but most probable is down.

ipledge01:
Thanks for this. Price seems to always shy away from those fib lines, have you tried it with binary?

btw are you gatorinle?

gatorinla is one of my mentors...am not even close to him now but i believe i will be better than him later maybe.
yes tried it on binary but works better on fx cos of timing issues.

JLINE:
cadjpy down move complete,expecting a re-test but won't bank on that...there is a valid 87.98 move upwards from where it is but will wait for a better entry

.

mrikay:
Right on the trendline sire

bro,just saw this...the retrace could be deep as far as a new low forming at 73.25. its just probable,some things have to happen for others to happen though.

eu miss .1344 by 23pips but the 4hr tf target hit. gbpusd is doing needful

just solg gu....2975 is watch for a possible move down...gbp news just came out positive but will still initiate my sell now as price just hit level.will risk a few.
2 positions currently at -34
currently now at -18
opening a 3rd position now as price makes a re-test at the upper mofu line.

eurusd heading towards .1344 level...if it crosses above then it is cos that will make my 1.22xx valid target hit.
there is a more probable move there this time around cos of the uncertainties around the presidential election in us. this will take time,don't expect a swift move there straight.
buying au,eu and nu will be very profitable but having a nice entry will be better and riding the trend will be the best. already on eu and nu but missed au.

JLINE:
kinda of enjoying oil ride right now though...a possible retrace at 45.49/.62 i need the retrace for initiation of a second position.

retrace in place today and 43.35 is a valid target after hitting the above levels.

chart here...couldn't place everything on chart but remember those other 40% could use bigger monies to push it down as far as 61.8% or 75% down to almost entry but NEVER the entry except every other 60% joined the sell party which they won't cos they are managing their buy positions and planning to hold it for years. "you might see here my personal reasons for using fibs and each levels of those move plotted before it occurs too"
chart is usdjpy monthly tf. if not clear,willing to answer a few questions that can but not all.
NOTE: one of my mentors made around 5000pips on this usdjpy previous 50% move,am not trying to brag about it but stating the obvious...well,am still perfecting the moves though and the worst thing is that they use some freaking very low stops that make me wonder wtf is this bs. more on it than everything i have written but just understand the idea or concept.
SHALOM

chart loading...will be out soon,trying to wait my gn buy if it will ever occur this night. what might change the order below are EVENTS,like really big events strong enough to shake a continent or so.

Feshizzy:
My Oga at the top,
You can carry go.

Very insightful too.
I like the way you put it though.
Some people don't know this, price just don't just move, it's actually traders taken decision.

Some areas are also known to have "trapped traders" we all at one time have been trapped in our own trade, and it sucks.

Our Oga Jline was called it "MOFO" lines
And it still works magic

my oga its called MOFU and one of my mentors also taught me that...am willing to answer questions NOW,so will explain in details.
mofu zones are fibs area on my chart where trade is prohibited and trades are not to be taken as there is a higher probability for price to hit stops,fake break outs and the rest...this is the point where the inter-banks are divided on a 50-50 trades and price spikes up and comes down to your direction again and you think your brokers caused it. we named it mofu=(mo)ther (fu)ckers cos that's what they do,eat your stops and keep playing. don't get me wrong these mofus are predetermined percentages of a particular move,i mean the percentage to determine it is fixed.
.

Today seemed to have been a good day,lots of pro traders in the house...personally,i don't know how to pick bottoms or tops like the ogas here but i try catching the already established swing cos i learned from a dealer like someone who has worked inter-bank and big traders too (not personally but mostly write ups cos those guys don't have time).
one of the popular writings that has formed a better part of my trading: please remember the this write up was made to me on a general context.
"when trades are placed and being in the trading floor where it happens some traders are surely smarter than some and we are talking about millions of bucks in trading,so lets say 60% of the traders buy eurusd and you see the reaction on your chart but retail traders not knowing fully well what happened but those traders on the floor knows what happened who bought and who sold too. then the remaining of the 40% of traders won't just relax and let the buy just keep going without them joining the party,so price might have moved from point A to B upwards and then suddenly you see a sharp sell off downwards 50% of the already moved trend...what happened was simply that the remaining 40% of those big traders had to cover their loss by selling from the high (not previously a high but a point they deem fit and where those who previously bought later joined) down with exactly the previous amount they sold to a near by point where the new profits of the sell will normalize the loss and remember that the buy trade was still running but at this point come down 50% and the new sell came down 50% making the loss go away there about or lesser loss" that was what he used personally,will use a chart to explain this. Then he said why trying to catch the beginning of something when you can piggyback on other peoples already made effort and that's how to stay safe being a retail trader.
Explanations are poor but a chart will do better.
SHALOM

JLINE:
i wanna share an important part of what changed my trading style or call it paradigm shift...hope i am allowed cos don't want any attacks after this. doing this now as today seems to be a very spirited day in the thread and i am just happy over here.

typing,trying to make it brief and explanations clear...not a very good teacher though.

i wanna share an important part of what changed my trading style or call it paradigm shift...hope i am allowed cos don't want any attacks after this. doing this now as today seems to be a very spirited day in the thread and i am just happy over here.

A close below .68044 on gbpaud on the monthly tf will determine if the .43779 will happen or better a re-test...it will be better to see a close below .68044 cos gbp is weaker and performance low but if ga closes above a re-test will be at 2.07xx level.

audchf has a valid 0.8437 move to make but .7482 is a valid point to be taken note of on the buy side before any conclusions.

cadjpy down move complete,expecting a re-test but won't bank on that...there is a valid 87.98 move upwards from where it is but will wait for a better entry.

JLINE:
its a 80pips stop and a 250pips tp trade and its gbpnzd...its a buy and i am in.
_SHALOM

stop hit...waiting to buy again. rbnz speech nice play there,coming for ya.

Feshizzy:
@jline good to have you back too.

respect brother,one love.

kinda of enjoying oil ride right now though...a possible retrace at 45.49/.62 i need the retrace for initiation of a second position.

gbpusd has a .2794/.2662 move to do then maybe after that i could vouch for a buy then.

its a 80pips stop and a 250pips tp trade and its gbpnzd...its a buy and i am in.
_SHALOM

uj has a valid 103.5/7/9 to make ...looking forward to the 99.xx move someday close enough though and finally eu having a next 1.13 move to make immediately after this sets of move. will drop in at every show date to make sure everyone joins the ride.
SHALOM

my nzdusd trade went 400+ pips up and came back down to 120+ currently...checked chart again for re-assessment and up move should begin again by tomorrow.

my cadjpy trade just got back to 450+ pips...hh,hl are creating on the lower tfs which i am personally taking into considerations and might be closing the trade soon.

gbpjpy has a larger 136.xx move to make before any down move if there is no enough momentum up i guess waiting for the sell is best option here.

audjpy made a hit at a critical point of 78.6x ...possibility of a re-test of 76.xx if todays high is not broken today to close above it.

currentprice:
just to remind traders in here,,,,today is monday,,, the first day of trading week,,,,,,i take my job serious,,,,,,,come back by friday night for the gidigbo

it obvious,,,,, pipsbasking saying a simple truth that will lead the newbie to the right path

one question for JLINE,,,as an experience trader,, can you advice/train new comer to start looking for 2000% a month

NO...

oil part buy has started but suspect a re-touch of the NORM though but enjoying the ride...also mentioned about buying this in my previous posts too.