₦airaland Forum

The response to my new signal service provision has been awesome.
For those that are not yet on the train with me, visit this thread to get the details
https://www.nairaland.com/1371793/forex-signal-service-time-tested#17017263
Its an experience you will be forever grateful to God for making you a part of.
Happy trading!
Meshach

Dipocian: Bro, I noticed most of ur trade calls don't come with S.L , will dis come with S.L.

Yes sir, these ones will come with SL. By default SL for me is 100 pips but whenever I double the volume, I reduce the SL to 50pips.

praxx: Please respond to the questions on the forum....
Merci.

Done sir.

praxx: OK i will.
Will let you know once its done.

Thanks sir. I will be waiting.

naijababe: Kudos mate! I endorse it . . .

This is the ultimate endorsement! Thanks madam.

fxbomovi: nice one mate

Thanks a million bro. Kindly help me point some newbies in this direction. It will help them earn while they learn. Thanks.

praxx: thanks mate.
I can say 5k is definitely worth the gamble. But what about those of us who are not in the country but will be willing to give it a try.....
Pls let me know so i can suscribe...

Thanks for indicating interest sir. Can you get someone in Nigeria to make the deposit on your behalf? After the promo period, I will get plimus or 2checkout to help me do the payment processing. Thanks again.

naijababe: Meshpips, special thanks and shout out to you. I though 4h tf was great, 8h is tha bomb. I have only checked my charts 3x since the sell I took on Tuesday on oil and 240 pips later . . .

You are most welcome madam. I'm glad I could be of help to someone who has most graciously blessed members of this FTA thread. Enjoy your day madam.

I just started something new here.

https://www.nairaland.com/1371793/forex-signal-service-time-tested#17011702

Those interested should give it a shot.
I am of the opinion that the experience will be worth while.
Meshach

Hi all,
I'm starting a new FOREX trade signal service provision. Quite a number of people can attest to the fact that I offer top-notch trade calls but for those who are yet to experience my service, let me show you a bit of what I've been doing.

Gold had been dropping since early 2013, many people say trying to pick tops/bottoms is like catching a falling knife. Well, I called the bottom for gold here

https://www.nairaland.com/1191858/forex-trade-alerts-season-13/370

and

https://www.nairaland.com/1191858/forex-trade-alerts-season-13/366

Guess what? Gold did not drop $1 lower than $1180 level and has risen over $166 from the bottom I called out. The rise had been quite steady and utterly fierce until yesterday ....
I made a comment on the blog of one of my seniors in this business after reading his update on gold

http://trwstockbrokers./2013/07/24/gold-market-update-24th-july2013-by-ukgte/

with that rather simple yet powerful declaration, we saw gold plummet by over $37 and closed the day as a very bearish candle.

Sometime yesterday also, I thought about creating a platform through which I could share my trade ideas with others so I created a blog. My very first post on the blog was a sell signal generated on AUD/USD

http://intradaysignals./

The pair actaually did sell off rather dramatically, putting in a low of 0.9132 (an amazing 156 pips in a single day! It exceeded its average daily range by a whooping 50%)

For those who only believe what they see, these are undeniable positive proofs of my work.

I am making you a deal you will find no where else.
I'm giving you an ultra-high quality service at a rock bottom price for one month
During this one month period, you can test my service on a demo or micro account to see for yourself if my signal service is worthy of being cheapened to such a paltry sum.
After the one month period,I will increase the price to whatever my subcribers agree to (but it has to be over 200% of this promo price).

Wait no further, make payments now!
Get my one - month signal provison service for the UNBELIEVABLE price of ........
wait for it ........
N5,000 (Five Thousand Naira Only)
Yes! You heard it right!!
Just Five Thousand Naira Only!!!

Make payments to
0045087164
Meshach Uche Ukpoma
GTBank

Then download and fill the excel file attached to give me your data.
Send an e-mail attaching the filled excel file to

pipcenturion@hotmail.com

or send payment notification SMS to

08032127899

The trade calls will be sent to your phone via SMS so that you won't miss any part of the action!
The credit alerts are already pouring in. I truly wonder what you are still doing reading up until this point.
C'mon hurry! Go make payments NOW.

Yours in Service
Meshach

arthuryemi: what are coupon codes sir, please enlighten me

They are like bonus money from the broker. I have to state clearly that they require you to deposit at least $15 (N2,400) before you can activate the bonus. They accept payment in Naira and are pretty efficient with the funding/withdrawal.
You can send me a mail if you are still interested.
Meshach

meshpips: Hi all,
I've got a couple of $30 coupon codes from one of my brokers. Do me a mail or meet me on messenger to get yours.
Please the coupon codes are limited and will only be shared on first come first serve basis.
Enjoy your day.
Meshach

pipcenturion at hotmail dot com

NB: the coupon codes are ABSOLUTELY free.

Sorry guys,
I noticed that the few codes I gave out did not reflect as having been used. I just had a chat with their support staff and she said that the trader needs to deposit at least $15 (N2,400) before the money on the coupon can be activated.
I'm really sorry.
For those that can afford the N2,400 you can still contact me.
They allow payment in Naira and you can send money to the agents in Nigeria through internet transfer. You really don't have to leave the confine of your home to fund your account. They also make withdrawals directly to your Naira bank account.

Happy trading!
Meshach

Hi all,
I've got a couple of $30 coupon codes from one of my brokers. Do me a mail or meet me on messenger to get yours.
Please the coupon codes are limited and will only be shared on first come first serve basis.
Enjoy your day.
Meshach

pipcenturion at hotmail dot com

NB: the coupon codes are ABSOLUTELY free.

meshpips: For those that do harmonic patterns, check GU 5min tf, there is an impending bearish bat with point D around 1.5370/8 region.
Happy trading!
Meshach

This was a very nice trade! Notice how price found enough supply within the 8-pip sell cluster. I do hope that a few traders took the buy trade and were also smart enough to sell from the point D. That this trade worked perfectly well on 5min tf is proof positive to the fact (and truth) that MARKETS ARE FRACTAL IN NATURE. My honest advice to those who think support/resistance levels don't work effectively on lower tfs is that they should go have a proper re-think. Smaller tfs actually offer more trading opportunities than larger tfs. It is now solely dependent on the trader's skill set to determine what he can max out from the many small waves generated. Enjoy your evening guys! Meshach

natruetalk: in as much as i believe traders can make gain on any side even in a trending market, but i will avoid selling Gbp/usd for time being

Ok sir. To every man his own.

For those that do harmonic patterns, check GU 5min tf, there is an impending bearish bat with point D around 1.5370/8 region.
Happy trading!
Meshach

aguiyi: wouldnt that amount to asking for too much?

Not at all sir.

surveycash: @FOREXMART, Frenchman, Onlineresource and other Trendliners, I greet you.

@All..Morning. Technically speaking, EU and GU are bullish today.

Hmmmnnn.... We shall see 1.5250 today bro.
Enjoy!
Meshach

I see hidden selling from the volume distribution on GU. I suggest taking a sell at market price (1.5373)
Most likely, traders are having a negative sentiment regarding the economic report due later this morning.
Enjoy the sell off.
Meshach

infofirst: Mam, these brokers r funny oh n just becos current month abt to expire over nyt here n they shot oil to 104.xx whereas it is not so in my other broker n i was on short oh but i dont know ow they did it n its back at 107.xx

i got one short frm 107.80 and sl at BE Now

This is indicative of where oil will be in the next few days or weeks. I've been talking about oil being at an unfairly high price for the past few days on this thread.
Good to know you were even selling.
I suggest others should take proper notice of these ''handwritings on (the)wall (street)''.
Enjoy your day.
Meshach

natruetalk: @ meshpips what Dipo was saying is how did you sold GU @1.3425 ? when the current high price is 1.5378

Okay, sorry that was a typo.
I sold at 1.5325
Thanks for pointing this out.
Meshach

jpmorgan003: @oga Meshach, thanks for the insght. My question is can i use the ATR that comes with mt4 platform with its default setting or custom ATR? Which period would u recommend and on what timeframe?

Sorry for the delay in answering this question. I will explain using something everybody understands.
Let
(1)time frame = denomination of naira
(2) period setting= number of notes (pieces)
(3) look back period = amount in naira

with the above three equivalents established, lets do some mathematics.........
I need N1,000 in 50 Naira denomination. How many pieces of N50 naira do I need?
20 right? Because 20 * N50 = N1,000

Now let's say we need the same N1,000 in N100 notes. How many pieces will be given me?
10 right?

Same N1,000 (ie same look back period) but different number of notes (i.e different period setting) for the different denomination (ie time frame).

With the above example, I am of the opinion that my next explanation will be very clear.

Trader A holds his trade for 1 day and works on the 1hr tf.
Trader B holds his trade for the same 1 day but works on the 30 min tf.

Let's say they both use the 1-day moving average for their analysis.
trader A, on 1hr tf will set the period to 24 because we have 24 hours in one day.
trader B, working on 30min tf will need to set his own period setting to 48 because

2 * 30 min = 1hr
therefore if the guy trading on 11 hr tf used 24 periods ( and correctly so) to have a 1-day look back period, trader B will need TWICE this amount to see the same look back period.
(You can affirm this truth by checking the value of 24 period moving average on 1hr tf and 48 period moving average on 30 min tf)

On MT4 platform, there are quite a number of frequently used DEFAULT setting. Usually,
20, 14, 5 are quite commonly used.

Lets think of where these settings will be most appropriate:

20 periods (default for Bollinger Bands)

I suggest daily tf. People generally take it that there are 20 trading days in a month. Here's their rationale:
5 trading days/week
and then 4 weeks/month

So 5 *4 = 20 trading days/month.

Period 14 (default for ATR, RSI etc)

London market opens around 8 am Nigerian time.
US market closes at 10 pm Nigerian time
From London open to US close is 14 hours
Therefore, period 14 should work well on 1 hr tf.

Period 5 (default for stochs, slow smoothed 5,3,3)
I suggest such indicators be used on daily tf and here is my reason:
There are 5 trading days/ week.

It is noteworthy to state clearly at this point that the DEFAULT setting is not necessarily the BEST setting for the indicator. Pretty much the same way as the default ring tone on your phone is not the ONLY ringtone neither is it always the best.
Learn to do the conversion that fit your look back period.

Pheeeewww! That was rather lengthy.
Hope this helps a bit.

Enjoy your day.
Meshach

Dipocian: Gu @ 1.5425, but d current price am seeing here is 1.5331

Yeah Dipo,
the trade is slightly drawn down at the moment. See ehn, I'm honest enough to say EXACTLY where I entered the trade even in the face of a present draw down. I'm still very much convinced that the trade will yield at least 100 pips within 24 hours. You sabi the proverb wey say ''whether goat frown face or not, them go still price am.'' In the same way, whether GU try do stubborn head or not, e go still gimme 100 pips.
Enjoy your day my brother.
Meshach

FOREXMARTS: EU= BUY ONLY
GU= BUY ONLY
....GOOD LUCK.

Bro, I just might be needing a lot of this ''luck''.
I just sold GU at 1.5425 and am kinda very convinced that I will make at least 100 pips profit from this short within the next 24hrs. Let's see how this goes.
Have a lovely day bro.
Meshach

For the past few days, many here have been using the ATR as an additional tool to help them make better trading decisions. Here's a little explanation on what ATR really is. I do hope that understanding ATR, how it is computed and what it measures etc will help traders develop a better way of using the indicator.

I posted this on some other forum a few minutes ago and just thought it wise to share the information with those on Nairaland.

Average True Range (ATR) simply measures the range (high-low) for each period and then averages them over a set number of periods. For instance, ATR (14periods) on daily time frame will measure
yesterday's (high-low on daily tf) + day before yesterday's (high-low on D1 tf) + . . . all the way to fourteen days back and then find the average of this number.
Let's take a simple but REAL setting to clarify this:
ATR (3) for EURJPY (daily tf)
=[(131.89-130.53) + (131.34-130.29)+(130.81-130.03)]/3
=(1.36+1.05+0.78)/3
=3.19/3
=1.06

This means EURJPY has an average true range of 106 pips for those three days. A trader using this information would be right if he starts looking for an opportunity to sell EURJPY after it does 106 pips on Friday but quite amazingly. price did only 87 pips on that day. The trader would have been expecting a probable short anywhere above 132.28

Also note that, the value of the ATR will keep varying because it uses the data from the most recent candles. Its reading will also vary depending on the number of periods used for the calculation (e.g ATR 10 periods (123 pips) will most like give a different reading when compared to ATR 75 periods (175 pips)) so I advise that you should never get caught up in waning to see an EXACT value for the ATR.

Hope this helps?

Enjoy your weekend.
Meshach

naijababe: Talk about being beaten to the core. My short also after in profit by 101 pips went ahead and lost 50pips in the end

I'm glad to know that you still made money on the trade. I took sell trades on Brent (2 positions around 108.80 and then added 2 more around 108.10). The worst profit was 100pips. I just imagine what your account would have been like if you had closed out your longs for at least 200pips and then flipped to short immediately. Traders, we come together to see how we can get better results as we synergize. Let's never let this picture depart from our mind's eye.

naijababe: Last hourly close price of oil pls someone? Thanks in advance

Babe abeg nor try long this crude at this level o! Today na 3rd Friday of the month and that thing is at an unfairly high level for the month.
It is still going below $94 within the next one month.
Abeg nor let them leave bag for your hand.
By 4pm my time, the bear party should start.
Enjoy your day.
Meshach

NB: Most likely, 109.58 will cap all the rally.

elewedu: tbros i dey on a low key things....fundamental jst dey yeye my analysis dis days. Anyways d real ogas are still banking pips daily

Sell EURJPY @ market price. TP 130.65
Happy trading!
Meshach

Kirinwa: . ..

bought gold at 1290

Bro,
you bought gold at that price?
Hmmmmmnnnnnn

aguiyi: activated too

were is my oga at the top meshpips, abi u don board?

Bros, I dey o. I just gentle.
AUDUSD trade was nice.
Enjoy.
Meshach

endfx1: . . . considering the bullish pin bars rejecting the 21ema layer.remember PA respects the higher TF like the daily . . .

Thanks for your suggestion. Go back to the D1 tf and see that price has just put in a lower high (degree two). I have a difference of opinion about using moving averages. Here's the challenge - averages are measures of CENTRAL TENDENCY. I'm strongly of the opinion that measures of DISPERSION offer the trader more efficient levels for taking trades. I happen to be a Mechanical Engineer by training, my analytic and computational skills are far above average to say the least. Go ahead, get study materials that champion quantitative approaches to the financial markets and you will begin to understand what I'm talking about. Enjoy your day bro! Meshach

OliverPin: base on this i will take my next possible long position on ej depending on the daily closure. the cloud also speak of bulls for the ej. all parameters will be checked before i trade. happy trading

Hi Oliver,
please don't take a buy on that trade. I think you are reading the chart wrongly.
Look carefully at your chart again, 130.61 level is a supply level and as such would most likely send price downwards.
Do this little exercise:
Draw a horizontal line on 130.61 then drill down to 1 hr tf
Check the candles that first touched the line (yesterday Monday) between 1pm and 4pm Nigerian time
Can you notice that combining the two candles, resolves into a bearish grave-stone doji (or a bearish pin bar)?
(See chart attached)

That is proof positive that the level is a supply level and as such is laden with SELL ORDERS.
I advice that you keep on looking at pure price action charts with time, you will become proficient in interpreting them.
Enjoy your day.
Meshach

silibaba: Sl hit on gj
wait ing for gu to fly north

Wait for 151.51
I think that is a good level to sell frrom.
Meshach