₦airaland Forum

unclenna: I plan to sell GU @ the close of the daily candle, any comment.

uncle wetin u carry come back for the boys now

silibaba: Hi ,

Here are some of the important headlines that may help with
your upcoming trading decisions today... Also we have the
US FOMC Minutes coming out at 2:00pm EST, so make sure you
pay attention to that release as it may very well change
the sentiment for USD for the week... If you missed my
analysis, you can find it at the link below, as I expect
to see neutral or slightly bullish sentiment for the USD
after the Minutes:


[BREAKING NEWS]

(UK)Bank of England Releases Quarterly Inflation Report
which raised inflation forecast with CPI seen above 2% for
the next year or so compared to its Feb forecast of until
Q4 2012. The report noted that Inflation report chart shows
CPI at around 1.6% in 2 years and at 1.8% in 3 years assuming
market interest rate path and AFT steady at £325B. BoE Gov
King stated during Q&A that contingency plans were being
discussed for some time with UK Treasury and FSA regarding
the euro area. On QE decision he noted that ultimately have
to be driven by inflation outlook, last week decision
consistent with that idea.

WHAT DOES THIS MEAN? This means no more stimuli from BOE for
the time being as inflation is a concern. With UK's GDP
showing 2 quarters of negative readings in a row, the outlook
for UK is bleak at best, and if you combine the threat of a
EU collapse, GBP is likely to weaken further.

(GR) Greece Syriza party leader Tsipras: Interim government
should halt all austerity programs, state asset sales must
be frozen, wage cuts should not be implemented.

WHAT DOES THIS MEAN? Tsipras represents the people of Greece
and we may see the situation getting worse as we approach
the new election in mid-June... Greece may exit EU and there
is nothing anyone can do about it, especially with the public
stand by these leftists politicians. Verdict: SELL more
EURO.

(CN)China's "Big Four" state-run banks were said to have
issued almost no new Yuan loans in the first half of May.

WHAT DOES THIS MEAN? The AUDUSD pair was suffering not
only from euro zone risks, yet also concerns that activity
in China's economy may be faltering. I believe the long
overdue correction for AUDUSD is on the way, so definitely
SELL on any rally.

pls whatis the source of this news. i need it too..

frenchman2: chart pattern analysis for eur/jpy

on the weekly chart i think heads & shoulders is being form.

we all know to trade this pattern neckline has to be successfully broken and tested.

sometimes i break this rule and that's what i just did.

ej price is currently at 102.60 while neckline is around 111.00

so we have approx 1000pips in between.

I think price heading north. already pulled the trigger at 102.42.

1st tp 104.80

2nd tp 107.70

3rd tp 110.00

will add to position as we progress.

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

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

if u ask me i wud say wait for a signal around the left shoulder area and also let the daily kick off the rally. a sniper u are indeed.

eu: looking out for a possible reversal around 1.2623but for now lets follow the market. now a retracment to daily pivot will be a wonderfull opportunity to hit the button
euraud: expecting a bounce at 1.2787 but then should it close below it, i keep selling.
my own analysis for the rest of the week.

euraud is doing me good. saw the heavy rain on eu coming and i ran out with 1pip. by the close of the day i will know how far it can still go but for now 1.2771 and 1.2727 on my mind.

tonjoan: Dont get me wrong. seeing weekly and monthly are still looking for 1.2667, daily is showing a possible 1.29. even 4hr is already on the retracement run.

ma boss we now have few analysts in the house. some wiped out and some focusing more on the eu tentative state.

eu 1hr projection says 1.2879, 4hr says 1.2969. question now is can this week's window be closed? only time will tell

can eu long from 1.2802 before anoda tanking? still watching. 4hrs and 1hr are exhausted

market must have been funny on some of us.

naijababe: Yes, so long as there's a prior trend

thank u very much for this.

@tonjoan and any other person who can help with this: does harami pattern occur at bottom?
waiting for a reply

eu remains a dummy as long as this crisis persists

if ej breaks 102.98/92 region i target daily S2

unclenna: i have not seen reason to buy EU yet

he is a scalper brother. how was ur night?

regiboy: GREAT BRO. CAN I TRADE SUCCESSFULLY WITH JUST 1 COMPUTER SYSTEM OR DO I NEED MULTIPLE SYSTEMS?
OR BETTER STILL I WANT TO KNOW THE REASON PRO TRADERS DO THIS

one system is more than ok but u still need back ups cos most indicators are lagging indicators except price action system.

unclenna: I have created a page forex strategies for newbies....pls all the pro that want to help the inexperience traders should paste any system in that trade...pls no advert....Tonjoan, nolly, odiaero, naijababe, salibaba and all other elders in this trade pls you can go there to paste systems, explain them and encourage the newbies to become a better trader.....forex cash is too much for a country to finish not to talk of an individual...here is the link..https://www.nairaland.com/934658/forex-strategies-dummies-trader

u have done a great work here i must confess. a trader with passion u are but the fact still remains that a serious trader will still get what he wants from some of the calls good traders drop here

what a day. i have read all the posts concerning the newbies amongst us. the truth is that their is no short cut to success in forex. discipline is the hardest of all strategies. silibaba, odaeiro, naijababe,tonjoan,unclnna to mention but a few can give out their strategies but without descipline u will still fail. i speak from experience. they will try as much as possible to give reasons for their calls but u can get that from few scalpers cos time may not always permit them.
the best indicator/ strategy is u and [b]u alone[/b.
as for eu it now gets less of my attention. i must move forward.

unclenna: radical traders can start now (7:33am 10th may) to buy EU but is better to wait for porper confirmation

ur are in the spirit bro. covered my pips on sell early this morning and waiting for a clearer signal.

this retracement on ausd is unexpected though at the region

silibaba: dont think so

ok

methodman: . I wanna close a trade and I'm not on my system. Can u pls help me with dat?

forward ur info

methodman: Pls...who uses instaforex platform? I wanna close a trade and I'm not online at d moment.

thats one of my brokers. any problem with them?

pls house does euraud and auusd co-rellate?

unclenna: Where is tj. n nolly.

bros i dey my onw oh. ridding the trend as usuall. like u said when the trend changes we will change as well

silibaba: smelling sell on eu now!!!!!!!!!

waiting for 4hr to be overbought

unclenna: not so fast bro. Hw u dey?

bros i dey jare. u just dey chop ur sunday gap money on eu and gu.

all set ups are fast maturing for a long run.

market is just trying my patience

tonjoan: Put a horizontal line on 1.3000 on daily and see how candles keep bouncing off the line. yesterday's was no exception as it closed well above it and formed a hammer. My take: we are only seeing the retracement principle of the pin bar so as to to enable entry for long to a possible 1.3124. I also will like to point you to crude which almost always does same as eu as it is indexed against the doss. Crude has a beautiful daily hammer set up as well.
Did you say you sent me another mail yesterday? Hope it wasn't to a wrong destination cos I still can't see it.

yea i have my eyes glued on it. just that this retracment is taking too long than expected.
isifxmataz@yahoo.com is it the wrong one?

men i dont seem to get this move this morning but with what my sma is saying downside is prevailing. except sometin else happens along the way. shud 3013 succeed in holding price to the down side then i buy

unclenna: with all this $€£ you no wan help fxmart lol. Asokata eze anya ekuru nkata na isi gwa ya okwu. Max respect.

lol. onye nna ka ibu