₦airaland Forum

What does a trader do when GBPUSD is buying and USDCAD is also buying?

You can add to the GBPUSD buy.

Keep stops below today's low.

Happy trading!

Buy USDCAD at market
Target 1.263x
Happy trading!

Hi everyone,

I'm certain quite a number of traders benefited from the lovely sell off on USDJPY yesterday. Well, every good thing must surely come to an end - this sell off seems to have come to an end (at least for the London Session) today.

I am long on this pair from 106.99

Stop loss is at 106.70

The target profit level is open for now but one of these three resistance level should stop the buying maybe around NY session

Resistance 1 - 108.61

Resistance 2 - 108.95

Resistance 3 - 109.34

Let's see how this plays out.

Happy trading!

infofirst:
.. Hmm love ur decoding skills, I want to believe u v truly changed for real Mm wise cos I can see d skills still dey intact if not even better. Respect. ,

Time will tell my brother.

Fear not the yen. There is a buy from 108.16 till 108.95 and then 109.3x. Keep SL below 107.75
I think the selling will resume from there (109.3x) until 105.99
Enjoy the sequence of moves.

infofirst:
Good to see Dat one good trader I know understands dz market well is in our midst again but mind you he used to be a poor money or risk manager as well. Be careful to give him money to invest for you and if you must do, cry not thereafter to whatever happens or at least seek for advice about him here first. ....

Yeah, good advice to the new folks.
@ Currentprice na me you dey laugh abi? God is watching you o!
I nor go talk pass that.
Enjoy your day people.

datatrader:
welcome bro, hope u no forget me sha.

Yes, the MTN guy right?

sweetmaris:
Entered a fresh buy
On GJ
40 pips stop loss
But from the weekly chart
The is still some more upward move
Although retracement is expected

Buy is not good sis.

162.3x is resistance.

meshpips:
Sell trades thrown in at 162.36 for GBPJPY.
Price is above the 4hr resistance and the present 1hr candle just exceeded the ATR value.
I really don't expect to see any higher close than the present hour's candle.
Happy trading guys!

Here's the chart for the entry.

Sell trades thrown in at 162.36 for GBPJPY.
Price is above the 4hr resistance and the present 1hr candle just exceeded the ATR value.
I really don't expect to see any higher close than the present hour's candle.
Happy trading guys!

I'm long USDCAD
TP open

Sell GBPJPY at market price 161.0x
Take profit at 160.5x then 160.30
Place buy limit at 160.30 with TP at 162.10
Happy trading!

Ogboraph:
GBPJPY sell from top

That chart is not updated bro.

Show us the updated chart please.

adeyinkabasir:
a strong Resistance @ 1.4452 1 HOUR TF, and u can trace it down to 30th of march 2016 i think around 1:00pm, u will see wat am talking about

30th March is a long time bro.
The level I spoke about was breached just last Friday.
Remember that I have been talking about GU heading for 1.448x?
That upmove has not been completed.

adeyinkabasir:
Just SOLD GU @1.4434 SL@1.4467 TP@1.4120

1.4429 was previous resistance now become support.

Kindly check your trade properly.

Buy GJ activated.

Target 162.1x

Ogboraph:
The power of Hedging a trade since i am convince EU is going up i sold it with the buy trade on friday, as GBPJPY was going up EU was going down . now today i have take the profit on set let the Bull continue, and i have sold GBPJPY and as i was taking the snapshot and posting EU is rising

Hi,

You might need to close the GJ sell and then flip to buy at (161.0x).

Good work!

Hi all,

Buy USDCAD at market price (1.265x) SL 70 pips
TP open.

Happy trading!

Hi everyone,

its quite interesting to hear people say that traders should disregard smaller time frames.

60 seconds make 1 minute
60 minutes make 1 hour
24 hours make 1 day
5 days make 1 week (for traders)

Though the greater encompasses the lesser, in no way should the lesser be disregarded.
Within the micro-structure of one weekly candle, you will find quite alot of information detailing what and what transpired.

lawson007:
Since yesterday i have been wondering why people are SELLing oil when it has not reached $48 per barrel.

Maybe they feel that sellers are waiting with orders there.

meshpips:
Add longs at market price 1.4339 SL 1.4280 TP 1.4480

Happy trading!

RESULT:

75% Of trades off loaded.

Sell brent crude at market price 46.8x

Happy trading!

BUY USDCAD at market price 1.2640

Happy trading!

I'm short CADJPY

GBPUSD is ready to move to 1.4480 region.

I've got maximum load on from the base.

Enjoy the bull party!

meshpips:
GBPUSD

Buy limit at 1.4310 SL 1.4280 TP 1.4480

Happy trading!

NB: 1.4325 also seems to be a valid support for buyers.
Either of the two levels should be okay to get in.

Add longs at market price 1.4339 SL 1.4280 TP 1.4480

Happy trading!

meshpips:
GBPUSD

Buy limit at 1.4310 SL 1.4280 TP 1.4480

Happy trading!

NB: 1.4325 also seems to be a valid support for buyers.
Either of the two levels should be okay to get in.

Trade has been activated and is doing fine.

Enjoy the ride people.

GBPUSD

Buy limit at 1.4310 SL 1.4280 TP 1.4480

Happy trading!

NB: 1.4325 also seems to be a valid support for buyers.
Either of the two levels should be okay to get in.

USDCAD

Price should trade up towards 1.275x

I didn't make this call public.

The chart shows the levels.

Enjoy!

Hi all,

I suggest buying GU from the present price 1.4373 with SL at 1.4345

Take profit at 1.4491

Happy trading!