₦airaland Forum

natruetalk: come out of my sidon day look because of your post

don't be deceiving yourself brother, how do you want to increase or improving your living with $20. if you need it for something else fine, i don't mine to give it out but dashing you $20 to dash broker i can't do that. sorry

if someone is serious of making dollar today buy euro/cad

i have entered mine @ 1.3709

Fxwarrior: What I need is $20.Am trusting God for increase through trading.

come out of my sidon day look because of your post

don't be deceiving yourself brother, how do you want to increase or improving your living with $20. if you need it for something else fine, i don't mine to give it out but dashing you $20 to dash broker i can't do that. sorry

natruetalk: house

pls what is the current price of oil on your chart?

na wa for this house, what is the essence of being forum member self asking house for comparison of price they just ignore my post. let me self join sidon day look member.

joelreg: house does it mean dt XM is nt offerin oil. I wantd to trade. If dey dont which broken dat offer dat instrument.

Fxcm they dont accept credit card issue in nigeria i wonder what kind of indiscriminatn is dt.country like niger they accept their own. Mctthewww

they should have it brother, if you don't see it on your platform go to the market watch right click on it then click on SHOW ALL you should see additional instrument they offered. oil should be included.

house

pls what is the current price of oil on your chart?

natruetalk: eyeing to buy eur/usd

what do you think?

House

buy Eur/usd now

bought mine @ 3301 sl 1.3254

eyeing to buy eur/usd

what do you think?

Kirinwa: Might still happen if 9:30am GBP news is negative including GJ.

watching.. rejection or breakout of the TL

@ Kirinwa

you try weli your GJ buystop allowed me to quickly close my GJ sell with profit yesterday Thank God i did. but the upside move of the EJ , GJ & co. was due to the very bad gdp data of early yesterday, but since tech. was so bearish on that pair that is likely the reason we did not see ej, gj doing 500pips upward rather went down for some time, then did up/down before last night upward move. what am trying to say is becareful of those pair upward move for now.

infofirst: @Naijababe,Meshpips and Natrutalk,
Break out on Oil either bull or bear will be d winner for the week, serious battle on and guess u r watching? 106.4X and 105.1x

sell off is on the card on oil before the week runs out when will it start i don't know. there is reversal sign on weekly tf the last 7 candle say it all, the daily is the savior of the oil at the moment once i see sign of weakness on it i jump in. will be eyeing PA around 107.twenty zone or my weekend posted green TL. on the chart

yes watching...

next target..

eur/jpy , gbp/jpy and oil sell

Eur/aud buy

watching

natruetalk: house
let make cool dollar off all yen pair

have entered my sell on GJ as planned let see as it will end from here

closed my 2 position on GJ with a total of +45pips

natruetalk: am adding to my position on break of the TL

market too dull today but thank God no loss recorded

natruetalk: house
let make cool dollar off all yen pair

have entered my sell on GJ as planned let see as it will end from here

am adding to my position on break of the TL

meshpips: Buying just about now. I still think ayox's short will do fine. I expect fresh sellers at 1.5488 or 1.5500
Enjoy your day.
Meshach

yes the Gu sell is doing fine at the moment but i will wait for the seller to finish. if it take me tommorow or wednesday to buy no prob.

house
let make cool dollar off all yen pair

have entered my sell on GJ as planned let see as it will end from here

my chart does not show continuation of EA sell at this current zone. so no sell for me only opportunity to buy am eyeing at my side. but if the current zone fail to hold the price i will be expecting EA to fall to atleast 1.434x zone. for me no trade on EA till tuesday/wednesday because probability of getting to 1.527x is there

ayox2003: GBPUSD: Short at 1.5505 SL and TP as stated in previous post!

...so many unanswered question on the thread, but we would all find a way around it tomorrow.

Have a nice week ahead.


Frawzey

frawzey, watch your back on this trade am actually eyeing for opportunity to buy this pair and Eu. once the sign come will enter. waiting for 4hr candle close to show the way

frenchman2: eurjpy
there are two possible patterns. the good thing is that they are both reversal patterns.
I'll be trading based on the double top pattern. Aggressive traders don't wait for neckline to break, rather
they look for a break of the trendline to enter the market early. that just what i'll be doing.
if you look at the chart you notice that the trendline has already been broken. i'll wait for monday's candle to pullback
and re-test the neckline before i pull the trigger and target the neckline.
then i'll sit and wait patiently for price to do the same to the neckline before we head to 120.26

NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

Price action analyst in the house, tell me what you see. is it heads and shoulders or double top?

frenchman, you try brother that is why i laugh and shake my head whenever i open my chart looking at jpy pair and oil. patient is the key
night vigil on the pair tonight for the yen gdp very important. may be is going to be EA/EC of the week who knows

[quote author=adeyinka_basir]okay i will just be watchful.......kinda eyeing EJ and GJ long[/quote]brother below is my daily & 4hr tf may be it will help.

patient is the key

each time i open my chart to check gbpjpy, eurjpy and oil, i just feel like small pikin wey they bought her christmas cloth keep in the wardrobe as she they open the wardrobe see the cloth so as she go they smile and happy.
there is big money to be make on those pair off course on the downward side

OliverPin: Very interesting points from info, frenchman, naijababe, ayox, bemp and the rest..... The problem am still having in this biz is the issue of patience. as a student i have unlimited time to watch my charts everyday and that has made me close huge numbers of trades that could have made me over 10times of what i took as profit or loss. I dont know how to address this issue. pls i need help on this area. How can i take a trade and leave my laptop for over 5 or 6 hours? it seems impossible to me to allow a trade run for days(apart from just one occation.. UJ two days till NFP). the 30 to 40 pips retracements give me head aches. Pls what am i missing?? ..

brother, you are doing okay by getting out before any tumble, remember fx is a game of probability and could be funny at times, what happen was you have had most forms of human emotion in single experience. Excitement, anticipation, self-doubt, remorse, anger,happiness, pride and finally a sense of feeling flat & let down.
What did you do wrong ? --- NOTHING. On the positive side, you preserved some capital
there is no right or wrong way to trade. You simply must have a plan to trade with. This plan should include a couple of what-if scenarios. That way, you are enabled to make that split second decision if it is needed. don't bother about 1000 pips that could have go or goes your way after closing your position with little pips what of if it goes against you? forex is take your own now and plan for next trade or give everything you made plus your capital back to the market.
being student shouldn't be prob. there is different tf to play with pick the one that suit your present situation. i knew lot of student including me playing this game without problem

remember Gbp/jpy last week Wed. did over 200pips downward over night and within 20 minute during the day it pull back everything made on the downward side if you were on that trade & left your short position with hope of making more pips tell me how will you feel?

ayox2003: The little lessons I learnt on this thread last week, although we all know 'em:
Throw away sentiments: On this thread, last saturday, we had already speculated that EURAUD was a good short! Abi I lie? Natruetalk, Naijababe and Rozay shey I lie? Infact we all the easing whey Aussie Bank do, e no crash. E kon even strong well. NFP na him nail this lesson for my head wella. The koko is that 'em analyst will say crap and talk rofo-rofo but na wetin you see for chart na him be koko. Even if na Barclays or Pimco or Bank of America talk, make person no listen at all because NO ONE - I say NO ONE can predict the future. (maybe, TB Joshua sha, no be me talk am o, lol). Also throw away your own sentiments, your own herd mentality or follow-follow package. Trade what your strategy says and mind you, when everyone seems to be going towards a direction, cross check twice, they might be very very wrong. In short, listen to the rhythm (aka gbedu) of the market and what price says and all other things shall be added unto you.
Frawzey

frawzey
na true talk you talk, wetin concern me with what warren buffet, goldman sachs and other investment guru day talk. how do you expect me to buy EA when HS clearly shows on 4hr and double HS shows on 1hrs as well. who go listen to them my chart is my everything after all i understand loss is part of the trading so i dont care sofar i stick to my MM.

below is my oil chart, the green cycle trend line is very important for the direction of price movement coming week.

have a great weekend all.

natruetalk: sold oil with 54pips sl

closed oil trade with +11pips

great week indeed

glory be to God and big thanks to my boss who show me the way to trade like a boss

natruetalk: Closed 2 position on Eur/usd with 48pips each total of 96pips

eyeing on oil sell. supply noted at this current zone

sold oil with 54pips sl

Closed 2 position on Eur/usd with 48pips each total of 96pips

eyeing on oil sell. supply noted at this current zone

natruetalk: it always good to remember that different trader with different strategy, some traders play swing trade thereby holding position for long time but some are daily traders no matter how the trade goes they close same day, whether pair is trending or not it will not inform the trader when it ready to reverse and there is when traders strategy needed to identify it.
am holding my eu sell position because that is what my system tells me for now. added to my position again

natruetalk: before what am cooking on jpy pair and oil ready am playing counter trend "sell" on eur/usd now for some pips.

i burn my fingers on thing like this on gbp/usd yesterday. trust me i play thing like this with good MM.

have entered @ 1.3384 sl 1.3410

let see how this one end the result will be out soon.

this is the result of the trade taken in the morning, it was counter trend trade on Eu and i got this right this time, lost 20pips yesterday base on this similar signal on Gu yet stick to my strategy and it made me good pips so far today.
so trader trust your system if your system fail some time don't neglect it everyday will not be chrismas

it always good to remember that different trader with different strategy, some traders play swing trade thereby holding position for long time but some are daily traders no matter how the trade goes they close same day, whether pair is trending or not it will not inform the trader when it ready to reverse and there is when traders strategy needed to identify it.
am holding my eu sell position because that is what my system tells me for now. added to my position again

before what am cooking on jpy pair and oil ready am playing counter trend "sell" on eur/usd now for some pips.

i burn my fingers on thing like this on gbp/usd yesterday. trust me i play thing like this with good MM.

have entered @ 1.3384 sl 1.3410

let see how this one end the result will be out soon.

frenchman2: for those buying jpy pairs, i think you should be carefull. I think the bears are not yet done.
inspite of the fact that they all closed bullish yesterday, i believe it's just a pullback.
take a look at the chart below, eurjpy. there is a double top formation which you all know is a reversal pattern.
the neckline has been broken. price is heading north temporarily just to retest the neckline and then resume its south bound journey.or the neckline breakout could well be fake. only time will tell.
i'ld rather stay away from these pairs today.

NB; Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

like this post.

only time will tell have been saying it all this upward move is just pullback. jpy pair are on serious bearish. i will be on sideline and be searching for opportunity to sell.

Gbp/jpy also have similar set up like the one you post above but am not taken this until i see her pull back to around 151.xx to sell for a very large pips.

me also see buy on eur/nzd