₦airaland Forum

Toks2008: Moving averages. The secret to fx trading. Please forget all custom indicators and spend time researching on using moving averages to make your trade decision. This is a secret i decide to share with you all.

supported!
indeed i am discovering that 11SMA amd 34SMA crossing guides well (with auto trend) on trend direction during failure of RSI14 (price expansion) on daily charts which i trade from (long term trades).
as example: AUD/CHF is currently getting into the bear trade on daily charts though based on rsi14 i have been in from 1.0222.

click here maybe see for yourself. http://instaforex.com/forums.php

for example http://forum.mt5.com/showthread.php?28099-Gold-is-the-hot-cake-for-the-moment

seems right guysooooo.

rozayx5: SYSTEMS SHALL NEVER END

that is my long term stuff (though not from my account bro)., will take out the chart now.

@Aguiyi (daily tf)

aguiyi: am selling usdchf from 0.9735

have been in from 0.9560, added at 0.9801 after 24july topped expansion and i am waiting at 0.94xx (100MA) area to reap long term hehe.

Good luck bro.

one of the teachers taught us to focus on the process and not the profits...and then reap the results

manosteel: God is Watching.

wow i never knew God has a bared head (from the pic).

@post>> I wonder how killing innocent people worshipping their own God in peace is a service to another god. When would people come out from deception and accept peace and togetherness for that is what will keep nigeria? tis so saddening.

lawson007: Rozayx5 thanks for letting us know about how to get alerts to our gmail it's more than a useful post.THanks Man,really appreciate it
Now back to you reply to my post:when a system comes out, i always look for the weaknesses of that system
do you want us to accept that this place is the best place to try out our systems?trial and error forum?Look at you post about the alert to gmail,it is straight to the pointed tested by u and it works and you shared with us and it is appreciated unlike rejoicing over a system you just saw online and posting it here because you made some pips with it today,why not post only what has been tested."Veterans" i mean are not some "know it all" but they have mastered an aspect,i.e "specialists in an aspect" and from that area they share.It will help us move closer to the promised land quicker,don't u think so?.But if you wan try display of systems and indicator on this forum na u go run o .I have nothing less than 300 indicators i can make noise about, fill up this forum with and at the end nothing to show for it.I can single handedly upload demo accounts with thousands of pips in profit, systems and indicators here that can occupy 10 pages none stop,but the newbies will get at least very confused. Many others here can also scatter this place with all sorts of systems and indicators(basically not time tested).Imagine if other also do likewise.is it wrong for us to maintain some sense of order and direction?Point of correction,i m not and never claimed to be a veteran.
for the past 5 months i have been working online with some traders that are also programmers from Belgium,Ukraine,Pakistan and Russia the project is very close to what we are looking for but i never derailed this thread with experimental stages.We should all have our private labs from where we come out with something better than center of gravity or MBFX.But my brother if you feel like continuing to paste demo and untested new systems please feel free.

Like the wise one,wisecoder,said i quote:"some learn from others mistakes while some prefer their own mistakes....soooooo free them".So,Rozayx5 please continue nothing dey happen.

back to business: I am planning to buy USDCAD from 0.9964 or from 1.0025 for a long journey up for somedays.Any one have any advice?

Rozayx5 has actually done a great job here sharing that mbfx system and adding some news alerts for those who need them. My opinion is that Rozayx5 needs to take it easy. There is no end to learning.
For USD/CAD i am having similar view but will wait until RSI14 is well crossed and below 10-15 before looking for the first bull candle supported by autotrend to shoot for long term buy .
Dont say i am crazy but i am still on some long positions on Euro- EJ, EGbp, E/AU and will exit them at RSI14 crossover at 75-90 gain or loss on long term (retirement style)

Happy pipping.
Pls keep peace.

tonjoan: Gold sitting comfy on the 4hr support tallying with the 1hr lower BB. time to add to existing bulls. Same applies to eu and ej and continuous tanking of usdchf. Goodluck but not Jonathan.

we seem on same boat on ej and eu, I did yesterday. I greet you Pst.

Happy pipping wonderful house.

Prettywoman: It seems to me that we just might be in for a bit of a surprise.For me, a move in the Euro towards 1.3000 seems logical, and that is the only time i will be looking to aggressively sell being a long term trader

A+

@Ositadima>> if i may add: you might consider 10pm-1am and trade off daily TF so you spend less time checking your trades and get good sleep before leaving for your day job in the morning. As already said, I join to say that you will make cash beyond 1% eventually when calculated on daily basis after your profit if you get a good system and discipline yourself to follow it without emotions.

WINNINGWAYZ: Am sorry house for the little diatribe. Just charts and trades from me. Have learnt a valuable lesson today.
Thank you TONJOAN. and am sorry too, Nando. God has taught me a valuable lesson today that I will share it with you on a later date. For all I had offended, plz, sorry.HMM, this life. you can just die and leave everything... just like dt.
Happy pipping

Well I don't really have any beef with you or anyone on this thread. I accept your person and I appreciate your effort in this thread. What i posted was an alert from my long term perspective based on stochastic833 levels, RSI14 and MACD/Zwinner21 (auto trend) Trigger on daily charts (which I trade from). Due to my style my posts are also few on this thread.
If you had asked me the basis upon which I made my forecast surely i would have responded. A few ppl on this thread know that I trade long term (positions lasting days, weeks or months).
For reference you may check my past posts to know the credibility of my forecasts in long term perspective. I have also encouraged those who wished to trade my system by sending it free to them when they asked thru my email.
This is forex trading where no one is the master of all so (((Winningwayz))); i wish you success in your endeavors.

NB: to anyone offended by my comments, i say sorry too.

Shalom/happy pipping.

FXKing2012: OK, is it just me or am I really smelling a battle btw Nambo and Winninwayz?

No bro i would not go into that, not with a small boy starting life and thinking he knew all things before he walked.

WINNINGWAYZ: NA WA OOO. NA BEEFING BE DIS? NO HAPPY BIRTHDAY FOR ME?
well, have been doing screenplay for a movie, but felt my post yesterday evening would suffice. Am all greens. AU, EU and EJ and all locked on profit.
Will let you know of new set-ups.
Many "elders" dey dull. Run enter one-chance.
Namdo: Noun. Someone will low self esteem and poor sense of proportion.
Gotten from Namdo, a naija guy mistaken for portuguese potatoes,when armed with a pentium one computer and etisalat free 15mb took stupidity to an all time high.

na by force to wish you birth day?
You think drawing trendline on an hr chart is all you need. Ranter I can see your head is swollen because you started making few pips and you have nothing doing after your movie other than come here to make noise. By thinking you knew me from searching my handle shows your low level in life and i have nothing more for you than to ignore your rants, the mods might do more if they chose.
LMAO!!!;DDD

unclenna: I trade what I see oh. Am not a forex prophet. Tomorrow i may see otherwise.

meaning?-----you are then a short term forex prophet bro. ...prophets of price using different/various medium, grow up guys. I am an elder (afterall i can take a title, if it pains you hug transformer) and if some call me bros i have no itch about it.

tonjoan: Thanks bro. Long time. Each time I see your ID I de always remember the Portuguese restaurant Nandos. Bom proveito on your EJ.

I be naija blood bros u gat the answer, thanks

WINNINGWAYZ: EJ getting ready to go to south africa. Loading... SELL under 100.
if you dont like this display...go create over-sabi-land, and ignore. abi forex na wetin u feel?
Some dt cant prove jack will be forming bros. abi wowo na hardness? gragra na level? go play poools make u tell us becos christiano former girlfriend wear orange g-string, he no go score penalty
if you are learning, grab what you can and lets help improve, before some they jump enter one-chance.
GBAM.

oh referring to my post? Mr know all I have a basis for my forecast which I bet u don't understand. 1hr tf trading is different from long term trend, u no get liva to ignore me abi? Wait first naaaa b4 u rant oga forex master.

wow see pages, i don tire to read. TJ HBD to you...abi in areers?

I trade long term and my price oracle tells me EJ has an unfinished business at price levels 105-106 area in the long term. I am betting on this and i don't have much jagon to display as a 'novice' but keep my forecast if you care. See you on the Northside.

.. and incase you don't like my post you already know what to do...ignore pls.

I greet yu all.
Happy pipping

FXKing2012: hahahahha...where have the traders gone? Hope they've not blown their accounts (lol). Novice traders run here to make noise about their profits cos they made some money not knowing the market always has a surprise awaiting them. This takes years of experience to know and understand though.

or they have closed shop for the week.

unclenna: look at that red line on the stochastic if the GU Daily bullish stochastic breaks it, it will definitely touch the yellow line and if it touches the yellow line it MUST move to touch the 80.00 line.......as this is happening in the daily ...what i do is to look for each day a buying opportunity where the smaller TFs like 1HR, 30MINS, and 15mins are over-sold.....that'z exactly what I do up and down........I have taught this on our facebook page and people are learning it....WHAT ARE YOU WAITING FOR........IS A WY OF GIVING BACK TO NEWBIES

Fully among .....give thanks. I hope people who don't have a profitable strategy can see and practice/use this very rewarding technique.

Thanks for your contrib.
I added the auto trend and RSI (for long term)in my trading alerts.

Blog icon: I want to use this opportunity to apologize to other paid students of mine. If things were under my control I wouldn't delay this much.

I'd sure give you guys full attention before the end of this month.

Thanks for your continued understanding and patience. I'd sure make it up to you guys.

Continue to remember me in your prayers cos e be like say juju dey worry me.

Regards,
Blog Icon

ok oooo we go bind and cast out the demon by faith but i praise you gutts bro. just try and get things cleared as you promised. i felt bad reading that post shaaa and for you to come out and respond means much.

good luck bro.

naijababe: What a day!!!!

Plenty pip rain, patience pays in this business

>>>mama fx ....yesoooo with discipline to your tested technique too.

Theyjih: na dier im don fail nah!

wetin d post dey do here sef? cheap tif.

I greet the house and the gurus.

Started Buying GOLD, EUR/JPY, AUD/USD and EUR/GBP for long term based on daily charts Stoch833, RSI and Auto Trend triggers. Check the 24hr charts and Join me (of course if you like)at your own risk level. Others worth buying GBP/USD, EUR/USD, NZD/USD, For maximum benefit i will leave trade until my Stochs and RSI are jointly spent on the 80 limit take profit and wait for another trigger from Auto-trend.

Daily Tf is still cool for me.

Happy Pipping

Im your ex: Pls, brothers, I am a newbie in the forex industry, I started trading my live account on the 6th of this month and since then im making constant losses. My $1500 has reduced to 350 and im my sacred to trade. A friend told me the market is ranging that i should not trade 4 now but you guys are saying the market is good. Pls i need someone to help me out i need a trading system. Thanks.

well $350 can still be raised back up with patience and good money management. if you contact me on exlora2000@yahoo.co.uk and you can have my long term trading system free. Master day traders in the house pls assist if possible at least we can prove it is possible to raise that money again.

honeric01: I already set up a new account with them just to test-run their new company/MT4 and deposit/withdrawal methods.

I never really had issues with them when i started with them around 2007 but the fact that they didn't have MT4 made me leave them.

I still like them though and the chat is also very awesome, sometimes distractive, but all the same very helpful.

the only thing i did not like was the high spread at beginning of trading days which knocked off my stops sometimes (when i traded at lower tf). With this new m-trader option I will also go back there bro.

@infofirst>> Let's offer our prodigenes something added to the $5.
For example if any newbie wish to join thru my link, once i confirm seriousness i give $30 LR to encourage and also give advise and trading techniques to the prodigene, afterall if he succeeds i share in the booty.

just cogitating....season six was great with green pips for most of us. And now season seven. guess what? the trend is also showing signs/getting ready to reverse for most instruments....Gold, EJ, EU(*),NU, AU, etc I am patiently watching to take advantage at the 'right' time. happy pipping guys.

honeric01: is that marketiva? my 1st love

yes of course with new owners i think.

infofirst: To all new fx traders, visit babypips.com, click on school, then try and do demo and receive $5 to start trading live now for free here http://www.agea.com/?gid=48119

new look marketiva with metatrader4 option too, i think it's quite good now. you can also promise your prodigenes some more to make it attractive.

now where is GJ heading?....122.50?

Daily Tf ....better for me avoiding some of the noise and stress in this market and still make loads of pips with few positions.

Again the swap advantage:

The Swap thing (for those who take advantage):

This is a very interesting article if you want to set up your position to receive interest on all positions placed. Imagine not worrying about holding positions for a certain length of time because you're getting interest on your money every day.

Wouldn't that take the edge off of stressing over your open positions that are losing?

When opening forex transactions, the actual value date is two days forward. A deal which is done on Monday is for Wednesday’s value. A deal done on Friday is for Tuesday’s value (Saturday and Sunday are not counted), and so on. Please note : On Wednesday the amount of swap is multiplied three times (tripled) to compensate weekend holidays which swap is not charged.

How to Calculate Swap:
Traders will earn positive swap if the currency bought has greater swap rate than borrowed one.

Example 1:
USD/JPY Pair. USD Swap Rate = 5.25% , JPY Swap Rate = 0.5%
Buy USD/JPY means a trader is buying USD by borrowing JPY. Since bought currency’s swap rate (USD) is greater than borrowed currency’s swap rate (JPY), the trader will earn interest income : 5.25% - 0.5% = 4.75% When a trader Sell USD/JPY (means borrowing USD to buy JPY), the trader will be charged by interest fee : -5.25% + 0.5% = -4.75%

Example 2:
EUR/USD Pair. EUR Swap Rate = 3.75%, USD Swap Rate = 5.25%
Buy EUR/USD means a trader is buying EUR by borrowing USD. Since bought currency’s swap rate (EUR) is smaller than borrowed currency’s swap rate (USD), the trader will be charged by interest fee : 3.75% - 5.25% = -1.5% When a trader Sell EUR/USD (means borrowing EUR to buy USD), the trader will earn interest income : -3.75% + 5.25% = 1.5%

Forex Broker usually provides a list of daily swap rates for every currency pairs available. Traders could find interest fee / earning based on Buy or Sell positions they will trade. (swap is usually in $ or pips value). If the swap value is quantified in pips, traders need to convert pip to dollar by calculating pip value of corresponding currency pair.


To check the swap rate for a specific currency using the MetaTrader Platform :

1. Click on MarketWatch
2. Right click on any currency
3. Choose symbols
4. Double left click "Forex"
5. Left click a currency of choice
6. Click on properties

Now you can view what the swap is for going long or short


Happy pipping.