₦airaland Forum

jorel1:
Operation Brexit 2390 pips Net 750% ROI so far
Closing 30Mins b4 Brexit.
Stay tuned

Operation Brexit 3362 pips Net so far , just like someone here would say 1000% ROI added to my account
Closing 30Mins b4 Brexit.
Stay tuned for update Friday

one important thing new traders and old as well needs to understand is that there isn't any such thing as an overbought or oversold market , it only exists in the world of technical indicators...

ads4btc:
hi bro,

be careful of your gbp shorts, from the polls results, its obvious that britain are staying. thats will further fuel gbp bulls

The poll says leave or stay doesn't matter much . Its the uncertainty that drives the market crazy thus sending GBP towards a sell..
If you follow the news , the common british man on the street wants a brexit , its only businesses and david cameron who doesnt want a brexit.
However, polls or no polls the uncertainty breeds fear in the markets the same way an announcement of a review of petrol pump prices review in Nigeria would make you think its towards a price hike.
moreover it doesn't make sense for global traders to send the GBP higher , even if they vote for a stay ( which i believe will be the situation) the correction up wards won't be so drastic rather a slow correction.

The general trend is to make money selling the rumour and buying the news when it turns out the other way.

However most of my trades were borne out of technicals , they made an extreme high and obviously was time to sell backed up by brexit fundamentals.
I am done for the week , all my trades turned positive. Next week i add more my final entries and all will be closed 30mins to the results.

EmmanuelD1st:
Nice!!! Buh, how do u trade without SL?

well , its complicated . for starters.mostly after an exgerated move of the bears ,i open the a trade on the last bearish candle arriving a support for a buy , i dont wait for a bullish confirmation too risky for me, the same goes for the bullish direction . the average range for 4hr eurnzd candle stick is about 65pips , so from that level i expect either a candle wick to form before proceeding in my choice direction or worst case scenario that level wouldn't hold and i lose roughly 65 pips ,

For the EURNZD EXAMPLE, ONLY one bullish candle formed after breaking that level so still within the zone , on a normal day if it continues going higher I get out manually but I am trading Brexit these days so i would have still remained in the trade anyway due to my fundamentals bias.

jorel1:
Lol, I stayed with EURNZD even after the -ve and left my trade to sleep ofcourse without a stoploss and woke up to find it now in +ve.

This is period of heavy fundamentals , be careful buying gbp or eur , any retracement on these currencies wouldn't be sustained for long.. most eur pairs will experience a huge landslide avalanche soon..

Until 23rd if you focus your attention on trading only one direction , you will make money .

CEO
Forex

meanwhile EURNZD in +ve130 pips

Edd1e:
keepin' a close on the pair too it will be nice if we can get a nice bullish candle at that area...

Also watching GBPCAD for a sell...

hope you caught the entry

EmmanuelD1st:
That's 50% retracement...just hope it continues downward move before it gets there

well , I guess it would never get there afterall

This morning there was a serious bearish price rejection across most GBP pairs undergoing a correction... The sellers simply warned the buyers WE DONT WANT YOU CROSSING THIS LEVEL
all candle stick information is on your chart ...
Meanwhile looking for a rebuy entry with EURGBP previous resistance turned support *0.77 area

EmmanuelD1st:
comot now before e carry you go him own destination

#158.38 likely its destination for a new high.. i know it will sell big anytime soon.

mrikay:
Chai!!! Where was I when you made this call oh!!! E pain me die!

not to worry, another opportunity will come

USDJPY added another sell from current price support level turned resistance . MEANWHILE e bi like say I don enter one - chance with GBPJPY currently in -ve 179 PIPS.

Its time time to sell the 4hr TF price rejection on GBPJPY

Lol, I stayed with EURNZD even after the -ve and left my trade to sleep ofcourse without a stoploss and woke up to find it now in +ve.

This is period of heavy fundamentals , be careful buying gbp or eur , any retracement on these currencies wouldn't be sustained for long.. most eur pairs will experience a huge landslide avalanche soon..

Until 23rd if you focus your attention on trading only one direction , you will make money .

CEO
Forex

jorel1:
EURCAD sold

If you made this trade , stay with it to take out current years low ...that 4hr TF bullish trend development likely wont hold water. There is no point catching a trade at a good price and wasting the opportunity with peanuts.

JAkpayen:
Brexit will be on June 23, 2016. So no rushing yet

No, Its tomorrow

Operation Brexit 2390 pips Net 750% ROI so far
Closing 30Mins b4 Brexit.
Stay tuned

American session always full of action

GBP bears still raining $$ ,, EUR hasnt started raining yet
likely hit my 800% ROI record by end of tokyo session.

EURCAD sold

Virtually all GBP pairs ended the weekly candle flat without a wick , thats a serious signal for a downside momentum . I feel the need to leave all my open positions open till after the Brexit since I caught very good entry prices so even if the Brexit decisions turns out the opposite i d still be safe at least .. will leave them running for the next three weeks while continuing normal trading as usual selling every high made on 4hr TF.

NB . There are some big time traders who only trade when there is big news coming up after having done their homework and being sure of the direction , they just enter a trade few weeks b4 the news until the news is over and they are done for the year..

Anticipating a wide bearish gap over the weekend ..
Brexit is big opportunity to making money ... dont miss out on selling the rumour ... GBP and EUR down

Edd1e:
LOL, there is alwz a pick up station.

Sure

mrikay:
I will take this to heart... Thanks!

The train left already

Capitals:
USDJPY and others smiling right?
I understand

LOL , with USDJPY topping the list

WHAOO

I think the vote for a brexit is on the 26th , lots of British business likely to crash including the increased cost of british doing business in the EU...I expect lows to be broken this month and giant bearish candle for this month of June. The general poll favor a brexit just yet .. so do NOT advice longing GBP
Looking for a long term entry anytime soon for EURGBP

leaving my open trades till next week and it moving in my anticipated direction would amount to about 800% in profit excluding withdrawals made..
Before you say I am extravagant gambler , I have a constant risk of 2000 pips irrespective of trading equity , so even
if I trade $500 , then its $0.2 a pip
if I trade $2000 , then its $1 a pip
if I trade $2000 000 , then its $1000 a pip
If this equity drops as a result of failure within a trading week , then I have to go back one step behind to adjust the $ a pip to result to 2000 pip risk. so at the end of the day my broker isnt acting like my parallel bank ,rather every dime of my money is actively making more money for me.
The difference between this and those making 10% profit in 3 months is that this management technique hasn't got a dormant buffer , its only buffer is the accuracy of your trading strategy + a steady calculated withdrawal process.
This is position sizing aspect of my trading system...

Just sold USDCAD based on daily TF price action

jorel1:
If you didnt make money this week , there is still a chance with USDCAD and maybe EURCAD (no movement yet) itching to go up ,not sure though , but the sell pressure from GBP affecting its direction,. look for buy soon ; D
other pairs already done with their weekly range waiting to retrace soon although not with me... but I will be with the big boys next week again for a resell.
GBPAUD - 314P
GBPCHF - 240P
USDJPY - 170P
Still counting though

Closed the USDCAD EURCAD with total 180 pips , that was easy money if you took the tip. i didnt buy from a ground level so I rather focus on above trades.
meanwhile look for resell entry on GBPCHF as it makes a retest of previous support. sell from there and eat the full candle for next week with me

Capitals:
SL hit another 25pts gone. that's a combined 50pts for two consecutive losses.
My Swings are doing good but this shorter term trades are a hurdle. Closely monitoring . . . .

May try again at 0.7200

Hmm we have the same entry for USDJPY

Now is the time to find a good high for next week bearish candle.

sweetmaris:
Thanks peepz for the advice..
The first few trades of the week can mesmerize ones mind
But am going to be stubborn
So am entering another buy
For a $100 difference
My risk... Applying due money management though

Morale of the story. If you enter into fight with market you will lose the battle
moreover you need the pips to make the $$ .its a better yardstick for measurement of profit or loss. sorry though