₦airaland Forum

tonjoan: Profits taken at this point on eu,gu,uchf and ej. Trend continues afterwards but we need to retrace for a few pips from here.

welcome back sir. from now on no more tonjoan rather Mr tonjoan. hope it was fun filled.

[quote author=nolly042]double bottom spotted on both 1 hr and 4 hr tf[/quote. also on the daily chart. am talking of eu traders.

double bottom spotted on both 1 hr and 4 hr tf

silibaba: is not still sending

y is d forum dry?

nollyboy88@yahoo.com. hope am not bugginh ur life?

bond777: Bros the market can move even 3000+ pips against u. Believe me. Not trading with stop loss is FEAR and gambling - cos u 'll b hoping the market 'll come back and it may never come in the near future. If u re so sure of your trading y are u scared to place a stop loss? SL is aimed at ensuring u do not loss your capital as capital preservation is far better than profit taking. You may be happy now but mark my words "one day monkey go market he no go come back".

I ve an ebook that teaches on trading psychology. Give me your email I will send it to you. If you don't gain from the book i will give u $100. I promise

Cheers

ndwalkins@gmail.com. hope u wouldn't mind

Ogboraph: waooo after year of trading with success. i ve to say this i ve never traded the new. but just today i just say let me try it and am so sade to say that i ve just whipe out my personall account trying to place trade with high lot before i could set stoploos all i saw was red. Alpari Nigeria is the wost broker i ve seen with requot now i dont know were to start this is so painfull not only did i blow my account up but my friend account too same thing happen i think is time i quit trading for a while.

too bad.i thought it happens only to the small boys. take a break, forget about trading atleast for a week. try to find out why u lost and work on your self. the market never lies. take heart

Concept: Can somebody trade CADCHF in bulls direction? It is going to be a fortune.

dont say i always counter ur moves but the market is not just too safe buying it at the current price. look at the daily properly. note my pair anyway

tonjoan: Here's me officially signing off for the week. Make una leave market alone tomorrow come have fun with me. See you all.

the season is for u alone. just like lawson has said try upload the pix for the viewing pleasure of the house. enjoy

silibaba: maybe you shud give me yahoo mail. gmail is rejecting it

send it twice. thats the only way it can go

Blog icon: Usd-Jpy
The Usd-Jpy formed a well defined bullish pinbar off key horizontal support level through 81.80, on the daily chart, at the close of the market last Friday.

Looking at the daily time frame of this pair we can clearly see that the preceding daily candle also closed as a pinbar, rejecting same support zone, hence giving us a double pinbar rejection price action formation - a fairly strong PA signal.

The consecutive formation of the two pinbars off support through 81.80 is a good indication that the pair is not ready to see lower prices (just yet), and is most likely set for a rally. That is the psychology behind the candle stick. I am consider going long by market open based on the signals I have explained above.

Giving further credence and confirmation of a buy signal is that fact that the pair is currently in an up-trending market condition, hence going long will mean going with the general trend of the market - a very good way to trade. Another point of confluence that can be added to buttress a buy is the fact that the double pinbars also showed rejection of the 50 Fib retrace level of the last swing - which I purposely left out of the chart for clarity.

Having interpreted the signals that this pair has given me, as above, I will be going long by market open. Owing to the fact that I never take trades with a risk to reward ratio less than 1 : 2, the only way I'd be taking is with a retrace entry. The parameters are as follows:

Buy (limit pending order) @ 82.40
Stop loss @ 81.79 (60 pips)
First TP @ 83.32 (90 pips)
Final TP @ 83.92 (150 pips)

There is a little bit of resistance @ 83.32, so I'd advise that you trail your SL to break even (entry price) when/if market gets there, take partial profits there if you so choose, then target the final TP @ 83.92.

Take note that the market may not likely retrace to the exact entry point (82.40) as specified above, so be on the look out for a good entry of yours if you are hell-bent on not letting the trade run away.

You take the trade above with me and other members solely at your own risk. Be sure to manage your trading risk very well, as this setup is not guaranteed to work out.

Safe trading and a great Sunday to you!

Blog Icon (Ugo Dosh).

Gud to see u again.

JAkpayen: work for xtra pay, research more into forex, preaching, reading qualitative materials, abbl (ati be be lo). Infact my weekend too small for me. **wish the weekend is always 48hrs/day****

are u a minister of the gospel?

silibaba: delivered. check your inbox

bros me too need that stuff abeg. days like friday needs that. ndwalkings@gmail.com

okemmadu: dull market? i'v scalped more than 90 pips out of GU

tnk God for u

this week no just follow. what a dull market

unclenna: still not moved.

now i see what u saw. joining the training before it goes far

my little analysis. eu tested 38% fib level and formed a morning star. i guess next target is 3415 before falling down.

can eu get to 3415 today before crashing?

gu stakeholders whats his faith? he seems to have lost the strenght to push down.

ej in profit. cud invest in eu again today. the risk reward ration for ej was better than eu. done for the day

odiaero: Are we there yet? Gold which way, up or down?

they gave me their LR. the ball is now in ur court

i may be wrong. if anyone has a platform that opens exactly at the opening of london session take a look at the eu daily. i think its gonna buy today. price action will confirm for me

tonjoan: Buzz me.

i dont knw whats wrong with it i just cant see posts

tonjoan: Double top on daily gu. Let's enjoy the bear party.

can u come to yim?

tonjoan: Good trade on the gu,eu,uchf and gold today. As always I took the bold step to go against the general opinion and it paid off. In my view, eu still has space to travel down.

me am waiting till tomorrow morning. atimes going against everybody pays especially when u see what they cannot see

tonjoan: I think we've reached the peak of that rally and are on our way down. 1.3200 is about the minimum point to reach.

i think the dark cloud actually paid today.lets see what the close of today will tell of the market

odiaero: Hv been waiting for u, the guy is seriously disturbing me about the stuff, the site gave me their liberty reserve account to pay in, and that i should send to u too

ok then send to my inbox asap

piphunter: Iam long too

is my chart seeing differently today cos i am seeing a falling gu starting from the high of this week.

odiaero: Am buying GU now, join me at ur own risk

what's the next move now. is like my messenger was bad last night i wasnt seeing my posts to.

if the dark cloud on eu daily is not real then 50% fib level is the end point. my opinion anyway cos since yesterday market has been fooling me

odiaero: How far guy?

i dey bros. am online now

tonjoan: Observation: For those trading eu and gu and thinking we've screeched into overbought region, please see how the 4hr stoch is sliding down away from the overbought border without a tangible slide in price. what that usually signals is trend continuation. I think this is happening to give daily the chance to gather momentum for rally.

i have been waiting for the market to get to daily pivot. 1hr is saying something not too good for the supposed bear

tonjoan: yes. Check their 15tf you will understand.

i just knew that those rising and falling soldiers were a miscalculation. i saw them as three black crow