₦airaland Forum

Sell USDCAD @ market price (1.0414)
Happy trading!
Meshach

For those trading crude here's a link to my analysis on crude.
http://trwstockbrokers./2013/07/14/nymex-crude-report-by-meshach-ukpoma/
Happy trading!
Meshach

NB: I say a big thank you to ''my oga'' for granting me the privilege of posting my analysis on his widely read and well revered blog.
Thanks sir.

onlineresource: My analysis of gold for this week..

Pretty good analysis and very well articulated. Here's my thought:
Sell cluster for gold 1297-1300.xx
Look for reasons to exit shorts anywhere below 1222
Happy trading!
Meshach

naijababe: You should have left your long, I got in again at 105.10 and added another lot at 105.30 after it closed above 105 at 1pm yesterday. Next level to look for reaction is 106.55 where I will probably be looking to add more or hold/exit depending on what I see. It closed at 106.35 on Friday so I will be doing some vigil till Asian open on Sunday night.

Nice work! I suggest you make plans to exit the longs. I'm expecting price to resolve to the downside from here. Look for supports around/below 96. I expect bearish moves until the month ends.

naijababe: That long just get as e be for my eye. I am going to stand aside for now. If it does 106.xx, it just means I will get a chance to sell at a higher price.

Here's what I managed to take outta the crude trade.
Meshach.

naijababe: Exited my longs at +3pips, everything is pointing to a southern move on oil. Bearish rail road on the daily, price currently sitting on upper channel trendline on the 4h and head and shoulders on the daily. I am going to put a sell stop in at 103.90 with sl at 104.90

I'm still holding mine. I await 106.xx to exit the long. Most likely crude will be doing lower range 90's by end of this month.

naijababe: The 4h candle about to close on my end is a bearish engulfing one. I will look to short now around 106.50 area. Looking like we are going to bounce off the 88.6% level on the weekly.

Babe,
check 104.61 to long crude.
Enjoy your day.
Meshach

meshpips: 130.45 calls
I think price is over extended to the down side.
Meshach

Hi all,
nice little EURJPY put in a high of 130.423 so far today.
Now how is that for accuracy and foresight?
Meshach

fxbomovi: wat do u use to measure volume and how do u use it. Pls share

I use the volume indicator on mt4. I suggest that you go read up books that talk about volume studies. Tom Williams - Master The Markets, The 6-part guide to market profile by Steidlmayer, the CME also has a handbook on market profile. There's one about the secret science of volume by Tim Ord. After reading through a few of these books, you will begin to have a 'feel' for the markets by watching price and volume. Enjoy your day bro. Meshach

vire: are you the meshach of marketiva.........

Godfrey how far na?
Na me be this o!

ehizmac: am not too sure about that bro...i still see EJ falling

130.45 calls
I think price is over extended to the down side.
Meshach

Prettywoman: Good morning house,Ej is looking for something at 127.5* area or even lower,that is where my Tp is from 130.30 i removed my buy order,though anything can happen and rubbish this analysis but for long term traders,i think a buy from that point will make better sense,offline is taking most of my time but always with u in spirit

Madam,
be a little careful. Price has already put in a well defined support at 128.14
The present down push (below 128.14) is being done on decreasing volume.
This is indicative of the fact that SM (smart monies) are not part of the over-extended push to the down side.
I expect price to snap back to the upside pretty soon.
Enjoy your day.
Meshach

meshpips: Careful bro, buy around 128.9x looking to TP around 130.45 SL can be 128.60
Ejoy your day.
Meshach

Failed!

Kirinwa: EJ Sellstop 129
GJ Sellstop 150

Careful bro, buy around 128.9x looking to TP around 130.45 SL can be 128.60
Ejoy your day.
Meshach

Kirinwa: What's your target?

Careful with gold. I think price will still visit 1262.5x before the fall.
Enjoy your trades.
Meshach

naijababe: Mode di.ck contest initiated on thread

Madam, how e dey do you na? Where you disappear go since? Welcome back.

rozayx5: @cloud riders hope your all enjoying your cloud bounce

1.4846 is the level to buy and hold
There should be one last down move maybe tomorrow to 1.4886 after which you most likely will not see this price level again for the next 20 trading days.
Enjoy your day.
Meshach

@ Rozay,
I laugh in Efik. Nor worry, market go teach you how to respect people.
Enjoy your day..
Meshach

meshpips: Okay, I think I have been able to convince you and not confuse you that Red roses in the lab are still growing up and will like to be like Meshach when they finally grow up.
Do have a lovely trading day!
Meshach.

Okay, Rozay, nor too vex. I needed to prove to you that I've been doing this for almost as long as you've got teeth in your mouth.
No fancy indicators, no red or blue arrows, nothing at all.
Just pure price action trading!
I deserve the respect and I actually DEMAND that you apologize for all the crap you spat out to a SENIOR in this business.
I'm waiting ........ legs crossed ..... sipping something as Aguiyi will say.
Meshach

Okay, I think I have been able to convince you and not confuse you that Red roses in the lab are still growing up and will like to be like Meshach when they finally grow up.
Do have a lovely trading day!
Meshach.

Need I still mention that
SELL IS STILL IN FORCE?
Let's keep going!
Meshach

Price is now trapped in a range between 1.4976 and 1.4955
The break out of this range will tell us where the market has decided to go.
I still feel there is rather strong selling pressure because of the 2-candle formation (bearish outside bar) on 1hr tf.
Let's see where and how the breakout will be towards.
More to come.. .. ......
Meshach

NB
For those that have read Henry Liu's book ''Market prrofiteer'', you will attest to the fact that he mentioned this time period (8am-9:15am) as the period in which market prepares for breakout.
The LFR (London Forex Rush) EA also takes advantage of this period of extreme volatility in the London session and trades the break out. Banking profits in just about 2-3 hours.

The sell from 4958 failed but a taking a cursory look at the 5min tf reveals what is going on.
The level of confluence @ 1.4952 was still in play as support.
A 1hr candle close below 1.4952 would mean that the support has failed.
See chart attached.
Let's keep moving!
Meshach

1.4958 has created a fresh supply level. So traders can add to their short position at this level if they so desire.
Let's keep going!
Meshach

meshpips: I expect one last test of 1.4976 level for the final batch load of sellers to get on board.
There is a level that shows a little bit of connfluence and holds a slight probability of bearing price up as support. The level is 1.4952
Meshach

Notice the 9-pip bounce from the EXACT level I mentioned.
See chart attached.
Although I still think we have selling pressure so the level should crack.

Meshach

Lets now look at what the candles are telling us:
(1) The candle that formed from 7-8am Lagos time, happens to be the one with the highest volume done thus far in a single hour for today.

(2) The close of the candle is lower than the open (bearish candle)

(3) Volume studies like On Balance Volume or Ord Volume etc will see the candle as ''NEGATIVE VOLUME'' meaning that trades executed within that candle are predominantly ''sell trades.''

This gives further credence to the line study done in my earlier post.

Except something changes (which is very unlikely), we should see price decline steadily until it gets to the next HUP (hold up point @ 1.4924) where it would be needful to re-assess the position.
Happy trading!
Meshach

I expect one last test of 1.4976 level for the final batch load of sellers to get on board.
There is a level that shows a little bit of connfluence and holds a slight probability of bearing price up as support. The level is 1.4952
Once an if this level fails, it becomes evident that sellers are in charge.
First profit target can be at 1.4924 then we watch to see if that level will crack.
Meshach

Paris-fran:
Most wars/quarrel are not about what exactly was said but how it was said. Meshpips has a valid point, we should try and interact more on why a trade was taken and not just appear on the thread and claim 1000pips. Any toad can do that. Oga Mesh, take it easy when addressing people. Respect is always reciprocal.

Okay darl, thanks a bunch.
Here's an annotated chart for the viewing and learning pleasure of newbie traders here.
Enjoy your day.
Meshach

Kirinwa: KOKOROKOO!

Haba Kirinwa,
since you go that last COCKtail party na him your case come be like this oh!
Abasi!

It might help many of you young lads here to know that back then in earlier seasons of this thread, I dedicated almost a whole trading month posting trade calls with entry, SL and TP. Once and if either the TP or SL is hit, I come back and quote my previous post and let them know the result of the trade call.
Many of you guys are pretty young in this business. I sincerely admonish the young ones to go ask the elders about who and who have shown stuff capable of earning them respect.
So to y'all new kids on the block, make una cool down. Una body just dey hot. Anyway, as una begin mature for this business, market go teach una how to dey relax.
I like the youthfulness in you guys. Una still get plenty energy.
Sir yomex humbly posted his charts - that's proof positive of a mature trader. Rozay and the other younger ones dey yarn God knows what. Anyway sha.....
Enjoy your evening.
Meshach.

meshpips: You sure are a very good trader!
I affirm that GBPUSD is under priced for the day, week and month.
Buy limit at 1.4863 then hold for the rest of the week.
Enjoy your week.
Meshach

For all those who said I didn't give the trade alert . . .
Meshach

rozayx5:
by the time everybody finishes posting evidence the thread is jam packed with pics

whether you post signals or not, or flash charts or not, @ the end of the day, when majority of your income is courtesy of FX you have proved to yourself than your a trader.
gone are the days i needed to prove to someone am a trader
as for me chart flashing continues
a real cloud trader knows the cloud signals

Careful with the way you talk bro,
remember some time ago that you were aggressively marketing MBFX trading system with the name Rufus John?
Bro, there's a lot we traders need to do to prove that we are honest and true.
Meshach