₦airaland Forum

@williams, i see your uk100 and GAUD are riding as planned. Nice one if you held.

odeyez:
As for GAUD, buy the retracement from 1.614, if it gets there, the ultimate target is 1.6388 first and then 1.6619 possibly in the course of next week or two. note, this pair might retrace beyond 1.614 cos both GBP and AUD have strong coefficients, Hope u had a nice day...cheers.

here's my day trade, closed all position except for UCAD.

odeyez:
@williams, your UK100 is still good, however there's going to be a pullback around 6725.2, i dont expect that level to hold the strength of the bears. bear in mind that the ultimate target is 6583.9...though you will have some retracement before then, if you have made enough margin you can hold this position, otherwise box at 6725.2 and re-enter after the retracement. my thoughts.

As for GAUD, buy the retracement from 1.614, if it gets there, the ultimate target is 1.6388 first and then 1.6619 possibly in the course of next week or two. note, this pair might retrace beyond 1.614 cos both GBP and AUD have strong coefficients, Hope u had a nice day...cheers.

here's my day trade, closed all position except for UCAD.

@williams, your UK100 is still good, however there's going to be a pullback around 6725.2, i dont expect that level to hold the strength of the bears. bear in mind that the ultimate target is 6583.9...though you will have some retracement before then, if you have made enough margin you can hold this position, otherwise box at 6725.2 and re-enter after the retracement. my thoughts.

i know for sure there's going to be swings depending on the speculations of outcomes of each state and how each candidate is doing. Best way to trade this, wait for the swings to calm then position to enter on technical bias. My thoughts. cheers.

****Closed all GBPUSD position though. waiting for pullback on M30 before riding to 1.264 mentioned earlier.
****still waiting for UCAD to play along. The coefficient favours CAD. Any contrary insight, kindly advice. Thanks alot.

Hi Guys,

I am glad to be in here. I reckon GUSD will get to 1.2640, but maybe not today. I can see GBP has eye for that level before any significant pullback, hence wait for a slight pullback and ride all the way up.

Be weary of NOVEMBER 8 though.

Good day peeps,

GBPUSD signal hit, Strategy just Threw up a SELL signal. Awaiting BEST Entry point with minimum S/L, and long ride.

Happy trading.

Good day Traders...Pls look out for the following pairs,

GBPUSD
GBPAUD
GBPCAD
GBPCHF

Look out for a Serious SELL. Still monitoring though, will post here once my entry is confirmed.
...I'm just another trader. Cheers Guys.

@mrikay...well, if you are in profit, kindli be careful wit that trade. you don't want to be trading around a barrier. Two things may happen,
1. either the barrier is broken or
2. it reverses price.
i think i will wait for either to happen before entry. Just saying.
@Zionplace, i see you.

mrikay:
I actually sold... And its in profit right now.... Anything can happen though.

Good day Mrikay,

Am sure your AUDJPY (Buy) is doing fine, Price has tested the yellow line as expected hence a buy entry. Kindly update me on ur trade.
Note however, this is not the best pair to be looking at right now....cheers

odeyez:
Good day Mrikay, I remain humbled, maybe not an expert, but a seasoned trader. i have had my share of experience, taken some good losses time and again and learned even more. now i can dare say that i am a Good trader. I trade 10k lotsize on a standard account, that is 1USD for every PIP depending on the pair. At this point i am looking at your entry and i am thinking....

1. Kindly look at the 3 charts below.
2. Note: price should go all the way to 89.20, that is where price should find a strong resistance. This might take some days though.

Again, this is my thot on this pair

Nice one Prettynoey, you have done well, such are the type of insight we need in this forum. However, you have not given your entry suggestions. Again, thanks for this insight, these are the things we need inhere, lets leave arguements aside and face the big picture.

I am only trying to make common sense. i remain humble.

prettyboey:
EURUSD setup

Comrade EndFX, kindly give me reason why you think GBPUSD is a sell, i am looking at this pair and i need input if i can get any. Pls put up images if you can. Thx alot

endfx1:
UJ

Sell limit @ 112.00

SL @ 112.80

TP @ 110.59


OR


Buy limit @ 110.60

SL @ 110.10

TP 1 @ 112.61

TP 2 @ 114.50

Apply due diligence



GU

Sell limit @ 1.4447

SL @ 1.4498

TP @ 1.4261


And

Buy limit @ 1.4261

SL @ 1.4209

TP @ 1.4610

Apply due diligence



GA

Buy limit @ 1.8572

SL @ 1.8490

TP @ 1.8975

Apply due diligence



AU

Sell limit @ 0.7733

SL @ 0.7779

TP @ 0.7514

Apply due diligence

Good day Mrikay, I remain humbled, maybe not an expert, but a seasoned trader. i have had my share of experience, taken some good losses time and again and learned even more. now i can dare say that i am a Good trader. I trade 10k lotsize on a standard account, that is 1USD for every PIP depending on the pair. At this point i am looking at your entry and i am thinking....

1. Kindly look at the 3 charts below.
2. Note: price should go all the way to 89.20, that is where price should find a strong resistance. This might take some days though.

Again, this is my thot on this pair

mrikay:
experts in the house please hear me...

So i entered an audjpy sell yesterday at price 85.785 with stop at 86.865... Now i fear for this trade because on the daily it seem to have formed a higher low... What do you think?

And i set a buy stop on eurcad at 1.410370...

Thanks!

Good day Mrikay,

Am sure your AUDJPY (Buy) is doing fine, Price has tested the yellow line as expected hence a buy entry. Kindly update me on ur trade.
Note however, this is not the best pair to be looking at right now....cheers

Tom29i; I see u. Nicely put. Lets continue this encouragement and also analyse signals that are supplied herein. God speed.

Tom29i:
The difference btw meager capital (10 - 100) and gud capital like (250-500) is time in reaching breakeven & subsequently start withdrawing profits to cover up for cost of running ur trading. Why it may take 12 months to make healthy profits on risking say 5-10% with RR1:1 per trade with a solid strategy on d former, it will take d latter 3 months to reach there. It is nt d capital per say but d waiting time. If u can't wait, don't do it. Am nt talking about luckily increasing $10 to 100 in few days, weeks or months & blowing it all in a flash again. This is madness & u will equally blow away a $1000 equity luckily turned 100,000 in a flash. We have seen it happened here & else where. D reason why most traders fail in naija is poverty. No backup fund / gud job but trading with his last $100 in life with d high hope to buy a car, pay rent, buy internet subscription, pay bills/fees, build a house, fuel Gen, buy clothes, impress friends /family, and so on. Meager fund is for fun trading why u are doing ur normal primary source of income until u sack dat work dat can't even earn 10% of what FX gives u & invest in personal biz & people. Personally, 250 is what I need now & d rest becomes history - dis fund will do most stuff for me without any stress / tension. I was telling my friend recently if only i knew what i know now, may be 3 wasted years of trading fx would have turned 100 to 10,000 as bal today & capital wouldn't be issue again till death. Consistency is d deal. I've seen it all.

[b]Good day Guys, I have noticed how some people record losses in FX in this room.
note:
...losses are a part of business, so u can take a few and move on. But remember these words "Patience and Discipline"

1. [color=#990000]Patience is a part of the Game, so you must learn to be patient until you strategy trigger is completely set, do not trade even if it is only one indicator that is remaining to give its signal.

2. Discipline yourself to be patient and stick to your strategy. do not trade becos you have somewhere to go and hope to come back to meet some cool profit, wait until the signal comes. if it doesn't come now, go to your appointment and you will be surprised by the time you get back your signal will be waiting; and if you are already late to enter, be patient cos more openings will always come.

3. Anxiety, leave anxiety out of your trading sessions, cos they can only trigger false entries.

4. Emotions, if you need to show some emotions, then get a girlfriend or a spouse (lol), forex is not your girlfriend or your spouse hence does not need any emotions, otherwise you will be entering too early and coming out late, or vise versa.

5. Plan your Trade & Trade your Plan, now this is very key before any entry. know your parrern formations, know your trade cycles cos these things repeat, you are not the best trader cos even warren buffet looses trades. just study the cycles and you will spot the repeations.

6. Compliance. this is the most difficult of all, i did not set you rules for you , you did yourself- so why break them. Strict compliance will help alot, it may not give you all the pips, but it sure will reduce 70% of your losses.

Lastly, i am only a seasoned trader trying to make common sense. God bless us ALL.

I suggest we come up with good trades and give convincing reasons why it should be a good one. nothing is sure i know, but images of chart and good reasons can help newbies learn and profit from our signals, even if it is one per day.

@EmmanuelD1st i see you
@Eddie1 I see you
@PIPsharingan U are seen
@currentprice Seen
@sweetmaris I see u.
@All others whose names have not been mention...I see you guys, i remain humble.

Pls guys lets helps us, It shouldn't be competition, lets make it a way to help us all profit from this big market instead of one person gaining and the other loosing, i will be happy to join you all in this quest for big money making. Pls Correct me if you find anypart of my submission incorrect.
...[/color][/b]

Hey Comrade PIPsharingan, what lot size do u trade?

PIPsharingan:
Hello Sensei Odeyez,

Hmmm, yeah you could be right, I however put that into consideration when picking my stop loss which is over -115 pips, so there is enough room for this pair to flirt before it goes the direction I picked (I hope)

I hate entering late in a fight...

Happy slashing

Hello PIPsharingan, thot you should have waited a little bit more before sellint GCHF. just my thot.

PIPsharingan:
Good Morning Pip Killaz

Hope you all had a beautiful night?, I tried to myself and I think I was successful in doing so...I woke up wif a jolt and closed both of my trades (NZD/USD & AUD/USD)...

Both fetched me: NZD/USD:70 pips and AUD/USD:21 pips, both fetched me 1.4%.

In Summary: 141 pips and 2.6% under my belt this week.....

I am in a new trade and hope it yield today as I dont wanna joke wif my Friday...The new foe is GBP/CHF...Lets see how deep the rabbit hole goes...

Happy Slashing

@Unclenna,
well, i am not too sure what your chart is saying, but i have entered all same.
thanks anyway for your words of caution. best wishes.

unclenna:
The 4Hr TF shows that this pair is still in bearish. If am to trade this pair for a short time I will wait for a SELL signal to show forth tomorrow for a profit of 30 - 40pips.

BUY EURAUD

TIME 3.03PM, 24-02-2016
ENTRY @1.5320
S/L @1.5250
TP @1.5500

Good Trade

Good day Comrades...

EURGBP might fall heavily today, price is hovering around a resistance that has rejected it twice. i keep ur eyes glued to this one, as we just might see a formation to authenticate the expected fall.

Comrade Sharingan,

Nice one. though i see a very strong support around 1.5070 if 1.5110 fails. however, i am still watching and waiting, hoping some potent candle stick will pop up around these regions. Thanks for the insight. Regards.

PIPsharingan:
Good Afternoon Master Odeyez,

I think this is a high risk pair because at 1.5110 there are may key support levels which could pose as strong support or it could also fail as a support..

If the next support was at 1.50009, I probably would say its safer but the way it looks, its a 50/50 trade (high risk)

Personal Opinion Boss, I may be wrong

Happy Slashing

Good Day Guys,

Pls whats your take on EAUD, for me, i am looking for a reversal around the current price or perhaps 1.5110. however, a prominent and potent candle stick will be required to authenticate this reversal. Kind inputs will be most appreciated.

Best wishes.

Thx @Emmanuel. EAUD still open. current price 1.5737. +177pips.
Will be selling all the JPY crosses Today. EJPY Sell stop hit overnight. Entry @127.30. current price @126.93. +37pips

EmmanuelD1st:
Good job you're doing

Eddie, whats your outlook on the following pairs:
EURJPY, USDJPY, AUDJPY and GBPCHF. lets rub minds.

Edd1e:
Yeah, may be, may be not, as dynamic as forex is, I think if u av good strategy coupled with great MM and a keen eyes to seeing things, I guess u could see fast what others will spend years to see. U r a very good trader, I will give u DAT, keep doing what u do bro and I wish u success...

Happy slashing!

GBPUSD Decline towards 1.4260

Closed GBPUSD @1.4280. +175pips
Closed USDCHF @0.9860. +70pips
EURAUD still open. current price @1.5670. +110pips. will hold this one for a while. cheers.

EmmanuelD1st:
same brother!

GBPUSD current price @1.4300. +155pips, TP adjusted to 1.4260.

odeyez:
GBPUSD is an Angry Bird today. current price @1.4340. +115pips. Hold position.

spot on eddie, it seems we trade same strategy.

Edd1e:
It may even decline to 1.4260, an harmonic pattern leg.
Happy piping...

Bros, your EUDAUD has resumed with the bulls, am in now with u. I bought @1.5560. Noticed the pair got as low as 1.5537. Happy pipping.

EmmanuelD1st:
Thanks for your thoughts and advice, it is highly appreciated. I'll keep buying EURAUD as long as price does not get to 1.5160, Else I start selling.

GBPUSD is an Angry Bird today. current price @1.4340. +115pips. Hold position.

odeyez:
Good day Guys,
it looks like GBPUSD has finally decided to open shop.

SELL GBPUSD

ENTRY @1.4455
SL @1.4565
TP @1.4300

Good Trade

Exit Trade @0.9860. +70pips

odeyez:
buy USDCHF

ENTRY @9790
SL @9720
TP @9980

Good trade