₦airaland Forum

USDJPY

132.95 calleth thou!

Come to me my child.

meshpips:
If you had to take a buy on GBPUSD today (March 9, 2023) risking 25 pips and targeting at least 100 pips profit, where will be your entry?

@pipmarshall kindly attempt this one.
Any other person wey think say I waste my over 15 years of trading this market, please come and make an open show of yourself.
@jammer777 attempt this too.
Let's see how many people can do this real time.

If you had to take a buy on GBPUSD today (March 9, 2023) risking 25 pips and targeting at least 100 pips profit, where will be your entry?

jammer777:

Baba werey, using set of fingers to explain support and resistance (Chai, forex wahala) after asking for your hawked yeye privileged info. I had to block you off and accept my loss.
No be curse alaye, na radarada go dey follow you till His 2nd coming.
No drop of shame in you, forex 419.
Meanwhile, send your aza make I bless you this morning.

So that was why you ran away with the balance payment? You are a shameless person

meshpips:
Coming from the mouth of someone that didn't complete his payment for my training?

@jammer777, how much was the balance payment for the training that you ran away with?

jammer777:
This guyyyy!
Everything about you reeks of falsehood. You still dey sell perfumes?
Your uncultured personality isn't surprising though.
Okay, foolish newbies, make una patronize this Meshy Mushy

Coming from the mouth of someone that didn't complete his payment for my training?

USDJPY

this pair is doing a lovely trend line play.

The move is in perfect alignment with the VAP values (projecting into 137.XX if the 136.6X level fails to hold)

Lanshile:
He has calculated 5000 naira multiply by 20 people who made the payment
Stupid old man

Your father and mother did a very terrible job raising you up. Or maybe they tried and you refused to be trained.
Your father and mother have failed as parents! You are such a disgrace!

USDJPY

Buy at the current price 135.78

Stop loss below today's low

First Target 136.57

Then maybe 137.25

Happy trading everyone!

A few people have asked me why I have stayed with this broker for the past 15 years.

Here are a few reasons:

(1) It allows local deposit as little as $10 (ten dollars) and your deposit reflects within 5 minutes after deposit notification form is filled.

(2) It allows withdrawals as tiny as $1 (yes! One dollar). Even if I withdraw at 4:30 pm, I will still get paid on that same day

(3) The spreads are the tightest I have seen in this industry (for brokers that allow local deposit).
See the screenshot below.

Make that move today. Click on the link in my signature and sign up with the industry's finest!

kozmicity:
What's the name of the firm?

Kindly send a DM.

I learnt something in this industry - people do not value unsolicited information. Truth is that not everyone needs this info.

Those that truly need it will reach out to me. I am just a DM away.

Hello everyone,
there is a new prop firm that offers $2,500 evaluation accounts for just $25.
2 step evaluation
6% daily draw down
12% over all draw down

Send me a DM to get a code that will discount 10% off your payment.

Jameselias:
(1-) By charging people 100$ to teach them how to make 500$ a day trading forex
(2-) account management services
(3-) selling signal and many more gimmicks they use
But i must tell you All of them are nothing but scam's once you hear any of them run

It is amazing how your mind has gone to all these things.

One simple way to make money without trading is to become an affiliate with any broker. Get people to sign up using your referral link and earn a fraction of the spread charged whenever the person trades.

Fxwarrior:
Exited with profit

Very nice call!

Fxwarrior:
UsdJpy Alert

Sell stop @ 136.50
Stoploss @ 137.00
Target 134.00

I think sellers are at 137.28 or slightly higher.
Maybe you're looking at the equal low at 136.50
I expect the real selling to begin at circa137.28

GBPUSD

Sell limit at 1.1987

Stop loss 1.2012

Target 1.1895

infofirst:
Life Humm.. You no try boss mi. One day, I will leave this forum nd never get the chance to come nd respond to post like this not because I did not want to but possibly because I am out of mother earth. You never check on me to know what's up but eager to write this.
Take it easy o.

My brother,
I wrote all that as a bait so that you will come out here. I nor get your personal contact outside of Nairaland.
Let me send you a DM.
Everything will be fine my brother. Wetin hot go still cold. You've sown enough seeds in many different people. Life itself will certainly reward you.
Patiently go through whatever challenge it is. The Almighty will never test you with something that you can't handle.
Pele boss mi. All will be well.

USDJPY

Sell at current price 136.28

Stop loss 136.50 (aggressive) or 136.97 (conservative)

Target: 134.88 then lower

dmahn:
Thanks boss. As I always do my own research. The trendline on M5 is broken to the upside and the bulls might continue from there, I will join you on this trade once the horizontal rectangle is broken and a retest to your entry. Thank You once again

Nice! All the best bro!

dmahn:
Abeg make una drop trade calls o . Still very much bearish on Gold. I might be very wrong so DYOR

USDJPY
sell at the current price 136.63

stop loss : above today's high

TP open

All the best!

Growing up, we were often told not to TALK while EATING.
Many years have passed and now I understand even better.
Person wey dey chop nor dey get time to talk.
If na lie, make una ask @infofirst why him never post here for so long.
Boss infofirst, abeg talk small. We don miss you well well.
Have a great day trading everyone!

HumbleTrader:
Don't you know the same support and resistance you are looking at, that's what everyone one is looking at? don't you know where you placed your stop loss is where every one placed their stop loss.

99% of traders fail because they trade like everyone, for you to be always successful you need to trade different to join the 1%

Hi,
can we see how well you are faring with the $5,000 demo you started about one week ago?
Thank you!

meshpips:
USDJPY

Sell at 134.41

Stop loss 20 pips

TP1: 133.58

TP2 : Open

I still am expecting a relentless fall on this pair.

Note: the risk to reward on this trade is very excellent

I still am expecting that climatic sell off.

meshpips:
UJ has started today again.
I will take another sell at 134.94

Sell at 134.68

TP open

meshpips:
USDJPY

Sell at 134.41

Stop loss 20 pips

TP1: 133.58

TP2 : Open

I still am expecting a relentless fall on this pair.

Note: the risk to reward on this trade is very excellent

UJ has started today again.
I will take another sell at 134.94

USDJPY

Sell at 134.41

Stop loss 20 pips

TP1: 133.58

TP2 : Open

I still am expecting a relentless fall on this pair.

Note: the risk to reward on this trade is very excellent

Telling people your dreams can and will most likely put you in trouble!
Remember Joseph in the Bible? He had a dream and went on to tell his siblings about it and he got into trouble for doing that.
Let's learn from the Bible.

BinaryRocks:
I'm still expecting your mail.
Thanks

I really am sorry for the delayed response.

I have attended to your mail now.

karkinase:
As everybody they advice make I drop my own befor market opens.. to detach yourself emotionally from the charts learn to use limit orders.

Limit orders are actually the most efficient method of entering trades.

Finally let's get the OHLC and volume for that day as the Broker will present it.

Open = $8,000

High=$9,000

Low = $5,500

Close = $6,000

Volume = 5,000 ($)

If you cannot distinguish between the buy and sell volume so as to obtain the effective (net or excess) volume, you are misusing the information given you.

This is the main reason most traders fail in this business. They are using only time and price for their analysis.

I hope I have been able to show what I mean when I said that the broker reports volume of both buy and sell transactions.

In order to use volume data correctly, you have to be able to distinguish between buy and sell volume on every candle.

The EFFECTIVE (net or excess) volume is what we really need but your broker will never give that to you without "encrypting" it.

You have to find a way to decode this encryption .

Finally, I humbly submit that . . .

PRICE IS NOTHING WITHOUT VOLUME.

Thank you!

Now, let's assume that Skrill exchanger started the day with $8,000 as his opening balance.
After transaction (1) his balance will become $9,000 because he received $1,000 from the client.

After transaction (2) his balance will be $9,000 - $2,000 = $7,000

After transaction (3) his balance will be $7,000 - $1,500 = $5,500

Then after transaction (4) the balance will be $5,500 + $500= $6,000

Remember that the broker takes the OPPOSITE side of you (the trader's) order. So when you sell to the broker, he is actually BUYING from you.

That excess that you are looking at as $2,000 buy side is actually $2,000 SELL SIDE in the broker's book.

So, the broker started with $8,000 as his opening balance but ends the day with $2,000 difference NOT $5,000 difference.

Remember that I said your mt4 platform shows you both buy and sell volume. So your mt4 will show you $5,000 volume done which when used for your analysis will give you a very wrong answer!

Orders (1) and (4) were sell transactions worth $1,000 and $500 respectively.
While orders (2) and (3) were buy side transactions worth $2,000 and $1,500 respectively.

The exchanger will make his spread profit on ALL transactions.

The total transaction done is valued at $1,500 (sell side) + $3,500 (buy side) = $5,000

But remember that the buy transactions will cancel out the sell transactions leaving us with $3,500 - $1,500 as the excess or net .

So, the EFFECTIVE volume ($) that will affect his opening balance will be only $2,000

This is where traders get confused. The FX broker will show you $5,000 as the volume done but what you really need is the EFFECTIVE or net volume which ought to be just $2,000 (buy side)

Try to read these posts over and over until it gets clear.