₦airaland Forum

ziqqz: dats some nigerians' 3 months salary combined you just made in...what, 5mins Way to go, son!

please let me correct a wrong impression.the account on display is an Instaforex Europe account(account with 5....)and such accounts uses 5 digits.So the 204 you saw is actually 20.4 pips at size 3.0 (which is the same as 0.3 of other brokers),this translates into $60. $60 dollars in Naija will be about N10,000,so do you think that is people's 3 months salary?

@bollinger,u've spoken correctly many pairs are really clear on their directions EU,EJ,EG are set for SELL.I expect eu to take out 1.2730,1.2600 but if it breaks and closes below 1.2500 then october will be a sell candle.these are all long term trades.if EU fails to break 1.2600 this week then expect 14ema of monthly chart to be broken to the upward.If this happens then join the bulls till 1.472x

^^^Yes my sister.

@Tokse2008,He slumed and died in the office(bank).As I write he has just been interred.may his gentle soul rest in Peace.

Today's afternoon happens to be the burial of my brother-in-law,I am in abia state now.I thought of a suitable distraction and started reading your posts and it helped take my mind off the pain.such a painful and sudden death that has turned my sister to a widow at sUch a tender age.bank job no be am.may his soul rest in peace.if the house does not mind,let's take a minute of silence or whatever in his hOnour.

Hi, guys i am happy that EU race up is slowing down for little correction.I will advice that we wait for the daily chart to confrim before we take the bears seriously because the weekly Buy is too strong to be toyed with. @winningways i sent you myemail address to your phone after our conversation but i am yet to receive yours.I want to use this opportunity to say shout out to this forum members in lagos since i'm in lagos now to finalise arrangements for the burial of my brother -in-law.

@aguiyi,you get mail.
Tok2008,we are in the same frequency.double thumbs up

i hope i am seeing head and shoulder properly.

@erniok,thanks i've received it.Naijababe thanks for sharing. Study don start immediately.

infofirst: About Forex business and General Business, any edge? I Will say both businesses are in the long term the same,cos all businesses have their risk too, you can imagine someone that import from one country to another, he is also exposing his goods and money to risk. then more than 90% of traders do not take forex as a business but if we are to take forex as a business then, general business is not better than forex business. they are the same

seconded.

unclenna: hey all

I had a hunt around but its pretty thin on the ground out there regarding what is the best Exit strategy for a trade (let alone Forex specific)

so c'mon lets get to business and decide / Debate the area that is actually more important than the billions of threads on Entry points......any idiot can enter a trade ........but when to leave the party ?


Ma's ?
Targets ?
Price action Support / Resistence levels
Trailing Stop losses ?
any other indicators ? (eg SAR ?)
News releases ?

whats your favourite and why ?..or do you combine multiples ?
N .............saw it somewhere and I feel is necessary for us to discuss this.

1.I have discovered from experience that MA 14EMA is usually a good target during consolidation better than 21EMA( Elderstatesman, u can research this into your very promising EA)
2.then price action levels(sweets exits to me)
3. many of my trades miss out their target by as little as 1 pip before running back to hit pip locker or trailing stops
4. news releases in most cases can favour your direction and boost your profit
and the spikes usually hit price action levels as exit
5. lagging indicators are last because market may revers before reaching them.
that's just my opinion sha .

erniok: @ frenchman, NZDUSD is meeting a support at the 0.8060 zone, lets see if it will break it but it does not invalidate the move to 0.7900 for now.

i am still waiting for the naijababe system o.

piphunter: ;DWhats up house Whats up house did anybody miss me plix where is fxking2012

the man that hunts pips with double barrel or Dane gun , we missed you jare.how far?

Come O!!!!what is this i am hearing, so Naijababe's system is being shared nobody told me.na wa for u guys o!!!!!please sharp sharp let someone send me the system ...or like PDP... share the money!
or Naijababe,Our commodity queen, if u get chance please send to your boy.this is my humble email address:lokukulabe@yahoo.com.
at least make we learn from tested system... thanks in advance.

I will be preparing to sell GU from 1.5766 if price fails to break above 1.5770 otherwise Buy continues after consolidation or tomorrow.Eu may be set to 1.24XX from the breakout of 4hrs chart.

@Toks2008, i know a Russian trader that can make 400% day1 and margin call day2( those interested in jumbo gains can contact me for his email address ..for some boom and burst experience),after burning my account several times some years back i learnt my lesson.You have spoken like a true brother's keeper. Thumbs Up.

Prettywoman: Lawson,u no wan talk abi?

lol,prettyone talk about what?

naijababe: It was written all over the chart, bullish divergence on the 4hr and candles with small bodies near a support

experience is talking

^^^^ spot on... even before the news came out

Alert Alert if Gu breaks 1.5728 then expect it to hit 1.5765,remember confirm before you join me, hopefully, if market agree o,we should be going home with over 100 pips today.God willing, tommorrow we'll look for another 100pips opportunity.

wizecoder: I have been on the sideline watching.... ,i enjoy seeing ppl flauting a new system that they do not understand the maths and stats behind it...lol.. drop your holly grail on forexlodge.com i will see to it ......

lol

Back to business: buy GBPCHf at 1.5312 tp 1.5415 or 1.5450 about 80pips expected.please confirm before you join me o.

wizecoder: I have been on the sideline watching.... ,i enjoy seeing ppl flauting a new system that they do not understand the maths and stats behind it...lol.. drop your holly grail on forexlodge.com i will see to it ......

lol

thank god we made it to season 9.
let's go to bed wait for the EU market to prepare for another fall tomorrow...(if market go agree )

if EJ 4hrs closes below 96.47 then i expect movement into little range before another crashing to price 95.59.range or crash but no buy for EU-1.22xx next.unless the market get high on something

Eu has broken-out to the lower side on 1hr.let's hope it gets to the first target before 11 am so we can prepare for the Bullish ride on GU.

We should expect Eu to reverse from 1.230x and Gu can reverse from 1.562x,since last week Gu closed above 1.5618 then 1.574x is very attractive buy target...these sell can be corrective....above all these talk the market has it moments of madness when it is high of 'hemp' and starts looking for stop loss or scatters all analysis...trade carefully...good MM is the holy grail.

nolly042: with triple top on EU 1hr TF do we really think the market is heading that far up? i think price is just obeying retracment order.

camp language

nolly042: uncle i must tell u the truth camp wasnt funny at all in the sense that it took me away fro what i love doing most. but all the same its another experience. what do u think of this short on eu and gu?

Corper shun!!!!! welcome back bro...nice to have you back......back into the addiction called forex trading.

unclenna: The market has been ranging since monday............In a ranging market oscillator indicators like Stochastic are kings.....Watch i again the currency Pairs like GU, GJ, EU, and EJ will go up again and come down later this evening...

good....noted.

Rich4god: Its working fine, just that i dont know its mode of operation. Plz house, what does it mean when the input value of pips locker reads.... pip =1.0 and target = 5.0. Thanks.

it means when the price moves a profit of 5 pips the pips locker will lock in 1 pips as profit incase there is sudden retracement of price or market madness,you will come out of that trade with 1 pip at least.better than nothing or hitting your stop loss abi?

pipslocker goes into your expert folder not into your indicator folder.It is an EA,expert advisor or robot and not an indicator.

^^^^^lol

^^^^ please check next door...don't disturb...we are very busy here.

bond777: Bros i ve goods 2 be transported 2 maiduguri. 3tons of explosives. How much?

lol,James Bond777 want to invade Boko haram hide out?

unclenna: Most of us here have sophisticated system with accuracy of 85% and still lose cash in fx. Have u ever asked yourself why? Is not the system that is not 85% correct but the human using the system. If you can be 85% consistent in your patience, Money management, discipline just as your system is 85% accurate you will always win in forex.......Remember 85% means for every 10 trades you will always have at least 7 wins.......Think about this and stop jumping from one system to another.....Unclenna...Have a nice trading day ahead...

Elder statesman,you couldn't have said it better.stick to a system long enough and you will be surprised how successful your trades would become...this emotion problem leads many into automated trading...Someone said a robot designed from a good system with good settings will give good results eliminating emotion-laden trading garbage-in garbage-out and vice versa.

raycolz_84: Lolz.. Oh boy! no be small matter, D house is really quite sha,

lol....many people on admission in fx clinic...the market took some hard drugs and showed guys pepper...no be small thing o.

ncpat: how reliable is this fx broker ACFX www.acfx.com and youtradefx www.youtradefx. urgent reply please.

The platform of Acfx.com is ok and i recommend them .feel free they are better than some already known brokers.i don't know about the youtradefx .

WINNINGWAYZ: SELL EJ @ 97.22, SL @ 97.82, T.P@ 96.52

good call.