₦airaland Forum

Its time like this the 5mins chart comes in handy

GBPJPY New significant levels to sell #145.252 , #147.488 ..
I dont think the bank of England monetary aid would have a big impact for the long term..

its past second half and the leave side got it ..
so off to sleep

+1500pips will look for another entry with next retracement before I go sleep

ooh boy see drop entered at 153.697
Volatility is just like trading maximum lot size..

correct, but if final result is a BREXIT .. 1000 pips is little , it would drop bad ... bad for next months.

abbeyforex:
I am really enjoying the results as they are coming in, what a good way to make money!

This is a reminder of what happened in 2008 when results of the General Election that ushered in Obama into power were coming in.

Same will still be experienced few months from now when Americans will be deciding again.

There is money in FLUNCTUATION and VOLATILITY. See me turned A SCALPER cos of quick cash.

No significant move is expected again after the final result,all moves are been experienced as results come.

I forsee another gap if and only if BREXIT wins

Awake selling the gbpjpy with the tokyo guys , WATCHING THE POLLS as results unfolds ...LIVE took a hit on my equity though

the BREXIT result may be around 5 or 6 AM Friday ..possibly 7 AM.
BEWARE OF GAPS

This is period for good gamblers to make money..Actually the technicals will normalize after the big news... professionals already made the brexit money long before the news with a directional bias on the rumour.. Now is the time for rookies to trade pure uncertainty

closed all trades negatives and positives in almost break-even with only gold still running .what the market is doing now doesnt make much sense. . I likely resume normal trading next week except I see a clear sell signal on the GBP anytime from now I take it.

Gold : if the remain voters win Brexit , continue selling the hghs until #888.14
as for GBP pairs , I just dont see any reason fundamentally for new highs on the 4Hr TF

One click just dealt with me now , I dont know who resets this button. free gift to broker

This is a useful resource I used in trading oil in those days , I think it would be useful for gold related news as well.
http://www.oilngold.com/analysis/commodity-technical-analysis/gold-outlook-remains-higher-on-more-recovery--2016062133156/

abbeyforex:
Seen my fellow gold trader #Happy Mood activated# I Entered from 1304 (23.6 fibo level), exited at 1270(38.2), may touch 1259(50.0) but am out now. To look for good entry to 1339 (fibo extension).

down from 2nd to 9th place

Gold : few things I learnt ,
PRO/CON :its very volatile . Seen it moved from -ve 100 pips to 1pip within a twinkle of an eye
pro: respects technicals and levels so well
pro: apart from swap fees, at least with my broker . Every money you make is yours , if you trade 1$ a pip , 500 pips gives you $500 .
pro : it reacts to US economic news and trends a lot.
con: its not for the faint heart IF YOU ARE NOT DISCIPLINED AND STRUCTURED CONSISTENTLY, GOLD WILL RUIN YOUR ACCOUNT
Trades very well during the US opening and US ending :: 3:30pm -5pm and 8pm - 10pm (avoid other times and break time), apart from a long term trading agenda ,I believe with a cup of concentrated coffee by your side ()a 5 mins TF strategy built strictly within these trading times would be very effective.

currently in 120 pips in sell

Closed , gave back 2000pips sold again with new improved lot size A bird in hand is worth five in the bush ..
Disclaimer : This is not a trade call...no trade calls I give this week is valid only for my perusal

jorel1:
Closing the following trades

EURCAD 260 pips
USDCAD 230 pips
EURNZD 451 pips
GBPUSD 202 pips
EURGBP 194 pips
EURAUD 172 pips
GBPNZD NEGATIVE 124 pips
GBPAUD NEGATIVE 104 pips

leaving the following trades running over next week depending on market condition , buyers seems to have eaten some liver
GBPAUD 1382 pips
GBPCHF 1288 pips
GBPJPY 606 pips

Removing all stop losses

Wrong analysis fundamentaly, Gold is meant ro be a safe haven currency in the case of a risk aversion to absorb all the shock when GBP fails meaning its price to go higher...its best to avoid it and play the technicals response after Brexit.

jorel1:
I see gold follows trendline a lot , and based on this daily TF that bullish channel has been breached , what we have there now is an inside out setup which was supposed to be a retest of the line but got overshot. the bearish price rejection is a good confirmation for a sell ..

jorel1:
Closing the following trades

EURCAD 260 pips
USDCAD 230 pips
EURNZD 451 pips
GBPUSD 202 pips
EURGBP 194 pips
EURAUD 172 pips
GBPNZD NEGATIVE 124 pips
GBPAUD NEGATIVE 104 pips

leaving the following trades running over next week depending on market condition , buyers seems to have eaten some liver
GBPAUD 1382 pips
GBPCHF 1288 pips
GBPJPY 606 pips

Removing all stop losses

Once I dont like what I see, I close all trades .. BREXIT is still on the table hence uncertainty which always tends towards sell in this case . I believe a bombastic sell is coming soon before 23rd.

Lol , the pips from GER 30 is exaggerated though .. its 1000 pips is equivalent to normal 100 pips

JLINE:
update on ger30 and usdjpy...see chart below. ger30 @ 3000+

are u in this trade? been in it since #1283.93
my first time trading Gold... lets see

adeyinkabasir:
Nice....but just from my observation here....i think it will do a temporary BUY for now before it sells eventually massively

mrikay:
my pipu... what is going on? alpari refuses me placing trades when i see some juicy openings... i also noticed that my margin is larger than my equity... is this some kind of scam?

maybe if you post here a screenshot showing the balance area and number of trades running currently, it would help .

adeyinkabasir:
As for dat GOLD, the SELL is due on 4 HOUR chart but 1 Hour still signaling it for a temporary buy for now it may try to cover that Gap and the sell it made since market open till the break of today

I see gold follows trendline a lot , and based on this daily TF that bullish channel has been breached , what we have there now is an inside out setup which was supposed to be a retest of the line but got overshot. the bearish price rejection is a good confirmation for a sell ..

Soon retiring to only the following
1. Commodity - Gold,
2. Share Index - emini S&P500 ,
3. Forex - GBPJPY

Too old for these games with curencies

The Pound is Rising because U.K. Suspended Campaigns on EU Vote due to death of its MP advocator to remain in EU who was shot....
GBP has been reacting to BREXIT related news and event lately... once the campaign resumes and there is an online poll about BREXIT leave camp leading only IF , expect to see sellers come back with a bang...The online opinion poll result next week is very crucial to the market.

Owliver:
hmm I feel you. I trade lowest daily tf. and it seems you do so too. but I trade one pair at a time.

I don't have the mind yet to trade 2 at a time not to talk of 5, 6 or 10. what's your philosophy about your trading style.

teach me

Karlebolu:
Teach me too boss.

harizonal123:
You can't do this with live account. Believe me when I say so Execpt on micro & nano accounts

Actually, all the trades you see here including the USDJPY i closed on thursday with 1100 pips , I gave all the calls here in phases. I dont know, but the signals were just there and too sweet and I just had to take them..

I always advocate for traders to not open more than 2 or 3 trades at a time and I sticked with this rule despite what you see here , The first trade was in more than 100 pips before entering another trade , when all two were in reasonable positive pips then I saw new signals which I took , If I remember right I got about 3 or 4 signals each week and I didn't even know how I got to 18 open positions today
I never used a stop loss for initiating trades, I only close manually when i dont like what i see and because I know market wouldn't move more than x pips within a day , at least rarely.
One major reason this was made possible is because of the fact GBP was losing strength across board creating a one way momentum. ( its a risk aversion sentiment ).but dont try this on a normal market condition when currencies strength correlation isn't clear since the strength of one currency driving a pair north could be a hindrance to the south movement of another pair containing that currency.

These were very easy trades, micro account , nano account or standard account all is the same depending on how you manipulate your position sizing in proportion. I dont even know why people pay too much attention to the kind of account , this is irrelevant, the most important thing is to make money with the account that suits you.. or is there some ego or pride to trading a particular kind of account.. The truth is that I dont even know what kind of account I have I just know I need x$ per pip and thats all.
unlike stocks , the secrets to making it in FOREX is when you win , try to win big so that when you lose it wont matter much ... there is no other way else you are only trading a merrygo round , you win and give back .

You can open your Forex factory calendar to see the most relevant news capable of moving the market that month and just capitalize on that currency and wait patiently like a lion when the signal comes in within the month you take the opportunity and sell or buy the rumor until the news day.

Seasonal markets ,
http://www.investopedia.com/articles/optioninvestor/08/corn-futures-market-seasons.asp
http://www.nasdaq.com/article/this-easy-corn-trade-could-return-38-by-harvest-season-cm273252

Closing the following trades

EURCAD 260 pips
USDCAD 230 pips
EURNZD 451 pips
GBPUSD 202 pips
EURGBP 194 pips
EURAUD 172 pips
GBPNZD NEGATIVE 124 pips
GBPAUD NEGATIVE 104 pips

leaving the following trades running over next week depending on market condition , buyers seems to have eaten some liver
GBPAUD 1382 pips
GBPCHF 1288 pips
GBPJPY 606 pips

Removing all stop losses

How far? Still in the trade??

EmmanuelD1st:
Nice!!! are you still in your EURCAD sell? My TP is ur entry...what do you think this pair is headed? cause I think it'll go way past ur entry

Lol, a secret admirer from forex factory just sent me a message, probably their firm almost experiencing a margin call and now need my expertise for resurcitation.

Sorry i had to hide the name


Hi mr a, you have received a new Private Message:

--------------------------------------------------------------------------
From: snir Subject: proprietary trading firm
--------------------------------------------------------------------------
hey mr a , "Bleep" firm seeking for excellent forex trader ,
it seems you are one of them , in our web site - /Bleep# - you can read about our activity and programme, if you have any questions or other offer you can contact me in my mail snir@Bleep.com,
best regards
Snir achiel

jorel1:
I initially planned closing all trades 30 mins b4 Brexit , later I thought of the issues of slippage, widened spread , no execution or other tricks by brokers during this time.
The Guardian polls result next week Monday would have a huge impact on trades next week, if its still the leave camp on the leading side the expect GBP to sell crazy before the Brexit day..If its the remain camp leading then i dont know how far up the GBP will go b4 brexit day, if the buyers take it up to extreme , the bears would likely respond with a wide gap or spike down because the bears have been in control prior

Take note of the bolded...and please this is only a tip based on information and experience at my disposal and not a challenge or context to anyone here...price would still do what it deems fit.

Lol , everybody now indirectly blaming jorel for brexit loss ... I guess your broker already warned you,,, while I and other traders who know how far already made lots of money from it. already ...Brexit is the most impotant news for 2016 in financial market .. and its when moguls like me make millions .. so If some petty retail traders are here whinning about losses from lack of information i think they should have themselves to blame and not news ...
Even someone here celebrating about winning EURNZD buy (I must say he is talking like its some competition or something ), that was just luck and not system because there is too much uncertainty in the market between this week and next.. Just like someone here predicted GBPCHF buy and the price just went down few pips below his entry and continued upward move , that is to show you the downside momentum is too high even if he took the call based on his system. But the truth is that we can ignore news and consider it as noise but when there is a big fundamental driver in play such as brexit , you just shouldnt ignore as a professional.. its a period to incorporate into your so called system and make money...If you trade only system now without heeding to BREXIT news or your brokers warning , you will blow your account...
so its not necessary to beat your chest that your systems wins , my calls to sell GBP and EUR was more of a warning after i declared 4 weeks ago a bear party so you can join at a good price...if you followed the news with me , you would see that the bias for GBP and EUR was to sell... fundamentals are the only drivers that breaks supports and resistance and rubbish your system.

Choose one direction to trade until Brexit is over, because this silence in the market means something is about to happen either upside or downside.. The only thing that can save you is being in tuned with news... I monitored the way the GBP respected all ICM guardian polls last 2 weeks and last week...so these days is not period for the cliche of sticking to ones system (system is for normal market conditions , but do you have a backup system for high impact news events?? thats what enabled me keep open 18 positions which i wouldnt do on a normal market day ).. just trade intelligently and dont blame you failures on BREXIT .... at least I am a living proof , I already banked almost 2000% profit on Brexit already just like Soros and co ..

if you didnt enter my calls made 4 weeks ago , trading these days close to brexit is very risky.... any time from now broker wont let you close your trade , market will probably gap and drive through your so call stop loss and empty your account .. and someone is here talking about system