₦airaland Forum

Lowesr form of life, aka savages

#EURAUD , for better Reward/risk ratio, just look for a selling opportunity and hang in for weekly pip of about 250-300, currently hanging off a weekly TF resistance.
The big players are pushing the price lower

Can Nigerian embassy abroad seized a foreigners passport?

#EURAUD , looking for short entry , bearish this week

#GBPJPY selling until destination 2nd trendline, else taking a buy breakout from the last friday high if breached.

here is a 4hrs timeframe version of the chart, i guess the upper line is the trendline you are refering to, but dont you think its short term and most likely the trendline from the larger time frame (base trendline) has the right of way. the pink, brown, and blue moving averages are 200,610 and 1220 respectively, a bounce from these large MAs from a higher timeframe of 4hrs would be more significant than bounce from 1hr.
But as usual the market knows what to do best. i am probably wrong so i take note of your analysis.

naijababe:
There is also an upper trendline you may be ignoring. Also two pins rejecting the MA is a very telling sign that GU is bearish rather than bullish. Just my opinion.

#GBPUSD a buy from the 671.8 fib level ( else the yellow trendline)will likely be a low at premium price for the week..bullish week

The slow formation of higher lows and highs indicates its likely gonna be a big party

mrikay:
the Aud/Usd party is about to start... But MM may not let me take part.

back testing my system which would allow me lose only 15 pips or less while aiming at a TP of 120 pips or (usually and with GBPJPYAUD/EURAUD) more... keep optimizing your system regularly the same way learning never ends.

Can't believe people are still in the market to the very last minute...bleed the market dry

its already up by almost 400 pips, i dont think it still has the strength to carry on today , probably just dance around that area or go down to continue journey next week

naijababe:
Look at your chart and you will see that GJ just broke another resistance. The pin bar is acting as a consolidation candle in this instance.

# My two kobo ni o

#GBPJPY likely selloff for the rest of the day down to the initiating trendline

well , we are apparently saying the same thing , retracement to the upside ofcourse

Ogboraph:
My People if you are expecting retracement on GBPUSD during the American session please forget it because i see GBPUSD going to 1.56250 i the next session it can only range on the next session between 1.55640 then down to 1.55020. we are going up to 1.577 next week.

probably done for the week. 250% ROI for the week

#USDJPY SUDDENLY MOVING LIKE A SNAIL

something tells me the American session is coming in with the retracements and probably trend continuation till end of trading day/week,
now is good time for profit taking. wait possible re-entry with retracement

#GBPAUD, Seems it found a price rejection at previous resistance,
could possibly go down more than 200 pips for a down trend, or
could bounce up from 2.061 previous support level.

LOL, i dont have a target,, i just trade and as long as am in profit am happy.. however i had a target of only 35 pips for the week but ended up with 1200 pips . was i suppose to reject the blessing ?

rozayx5:
all these high targets put a trader under uneccesary pressure..not good

I trade just one pair at a time, specifically GBPJPY or GBPAUD ,i dont open any other trade except am in profit already then i can add to my existing trading pair or open another trade when i find an opportunity. because of the volatility and my money management requirement for my system (to meet the requirement) I only trade GBPAUD GBPJPY as intraday (ofcourse due to its high daily range)and other pairs as position or swing (long term).
with my system i could lose 5 trades consecutively and still make up with a profit on 6th trade.(i try to keep my loses as small as possible)
my risk level is already mapped out, so the scale up in position sizing becomes neccesary, i could either withdraw my initial investment and continue trading with profits made or keep it as back up fund for the unexpected or and just scale up proportionally
#500 ..X1
#1000 X2
#1500 X3
#2000 X4
all ammounts to the same level of risk (which i can handle)but higher ROI
calculated risks i mean
Now 200% profit in a week

Shevychen2:
Lol.. We eventually learn the costly way.

@Joel.. 5% risk per trade looks great but will you be able to withstand the blood rush that will happen when you lose 3-4 straight trades? If you take multiple trades it becomes possible to lose a massive 25-30% of your account in one bad day.

Again.. Doubling lot size in the middle of the month is risky. It can mess up the metrics of the system for the month especially when you consider that your green patch came when GJ trended heavily.

Not asking you to change anything o. Just putting my opinion out here.

Some are busy saying the market isnt moving, from all indications The market is moving just fine, the YEN pairs especially....entry timing

$GBPAUD still pushing to lower highs and lows >>#2.049 #2.042,
a bounce to up side still possible

After being humbled by the market in previous years , learnt strategy turned $500 account to $1200 (120% ROI) in one week. next week scale up lot size by x2.
risk only 3-5% of my account size for each trade.

GEJ and his merryband is next, i am only curious whom his cell mate is gonna be.

$GBPAUD if base of medium term bullish channel is breached >>#2.049 #2.042, a possible fall to the main bullish channel could be expected at levels >> #1.989,#1.96

$GBPJPY continues its press-up for a surprise bounce.. bullish

haha brokers offer welcome bonus knowing fully well it will be blown out within minutes by so called over zealous folks...even they have special provisions for so called old time traders by imposing strict trading rules and incredible conditions before any profit made can be withdrawn.
stay away from broker bonus

$GBPAUD on a slow journey downside,short term trend likely ending tomorrow as bearish week >>#2.049 #2.042,

hmm, wasnt refering to you

Shevychen2:
Always easy to know overzealous newbies. So because I said I didn't get a signal based on MY SYSTEM it means I am crying? Enjoy yourself.

Well if crying means I will make 800+ pips net every week before Thursday so be it.

different folks see the market in different ways and from different perspective, while some are busy crying the market offered nothing today, while others made money.
for example #GBPAUD offered double opportunities today (230 pips sell) even another is about happening right now.

$GBPAUD -Support Turns To Resistance - . Bearish

#GBPJPY is still a buy..

the GBPAUD party already begun ,>> #1.989