Phoenixfx's Posts
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silibaba: tempted to start buying gbp/usd. who is in same boat with me?its a fakish buy...let it retest support before considering the move |
FX is the best teacher of oneself..... |
phoenixfx: AUD USD: For scalpers and daytraders - The pair seems to be making a correction move upwards at least to 0.93099 level. However, the overall trend bias on this curr pair is bearish and is expected to drop down to at least 0.92700 before any further move from the pairThe correction move was brief (for my scalpers) since trend bias was bearish. Curr pair dropped to expected zone...Trend is still bearish One last retest of the zone in play. ![]() |
phoenixfx: GBP AUD: Oga natruetalks favs pairPlayed out neatly....Pointed out clearly by a Master Technical Analyst Leopower in his charts (refs all charts on curr pair above) |
phoenixfx: USD JPY: The curr pair at eyeing level (using natruetalks lingo)...The push up may reach 105.300 resistance and psych level however from my personal analysis...i think the bullish power in the pair is exhausted and will start to fall even before reaching the level. Expect a series of dips and fakish moves before the great fall in the pair. i guess i underestimated the buying power of this pair. 105.300 level reached. Stage is now set for the dips and fakes and then a REVERSAL in trend bias to bearish.... |
Kirinwa: Fundamentally GBP is bullish.[b]If by fundamentally u mean the red flag (construction PMI) news just released which was good for GBP. I'll let u in on a lil secret arsenal of mine. As u can see the news release which was favourable for GBP did not get the expected reaction from any of the GBP pairs: GBPUSD, GBPAUD, EURGBP...why? Because the big moneybags of our game are not interested in all dat stuff called news that whip up sentiments of small traders especially if if not in line with thier trend. In other words....if the news to be released is not in tandem with higher TF trend (daily, weekly and sometyms even monthly) and also if at the tym of release their trend is not at a turning point (fibs or SR) then they'll ignore it. Yes they may throw a few chip at small traders...as ive seen a NFP spike up 50-60 pips in seconds and before u cld say jack it all washed off going in the direction of the larger TF trend...both ways the MMs win. So to win have the mindset of the big sharks in our game. Sorry 4 d plenty grammar ...and just my hunble contribution to the thread, abeg make person no read am another way ooo [/b] |
GBP AUD: Oga natruetalks favs pair ...Eyeing zone reached for a SELL in this curr pair...at least to 1.7800 level |
AUD USD: For scalpers and daytraders - The pair seems to be making a correction move upwards at least to 0.93099 level. However, the overall trend bias on this curr pair is bearish and is expected to drop down to at least 0.92700 before any further move from the pair |
USD JPY: The curr pair at eyeing level (using natruetalks lingo)...The push up may reach 105.300 resistance and psych level however from my personal analysis...i think the bullish power in the pair is exhausted and will start to fall even before reaching the level. Expect a series of dips and fakish moves before the great fall in the pair. |
@Leopower...walahi u no try. All this while wey i dey shout ur name make u come drop some TA for the house. Long tym bro and welcome back ![]() |
Bias for GA is already bullish as evidenced on the chart. However, a little retracement down is in play for those with sell orders but pls after the retracement close ur sell orders for a powering BUY move...my take |
i think it will extend past that support before the rebound. EN |
phoenixfx: GBPAUD: Searching for selling resistance....watch the pair rise to previous resistance at 1.7845 - 1.7860 then fall. That's the point u pull ur SELL trigger In progress....boys are smiling . The pair will test its prvious support before the long term move up will kick in. Enjoy d pips |
natruetalk: bro nucca is not trading pair O Lol...and here i was thinking it was some kind of exotic curr pair... Thanks |
naijababe: Me likey... Sounds smooth on the tongue too. Thanks |
fxbomovi: nzdusd is set to fall That fall should stop at 0.83251 and continue the upward movement of the pair to retest the resistance and even beyond...in play |
@ Seyejohn...On Gold, the price u entered was a late entry price....because that buy trade should be experiencing a retracement soon...Refs my chart (demo) for when i entered and also late as well.
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On d debate on slow pairs...i dont discriminate on any pair...EURGBP happens to be a great pair of making safe money. just know when to jump in, when to hold and when to bail out...dats all. |
seyejohn94: still holding ej...Expect a retracement to at least 137.320 before downward move continues...enjoy the pips |
cmon is everyone sleeping ... ![]() |
phoenixfx: Oga mi.. double salute. abeg which wan be Nucca? Secondly, my take on EURNZD...i dont think the fall in the pair will be immediate. i expect it to rise to 1.5820 - 1.5860 before setting up for a SELL. EURNZD: Played out...risiing to 1.5860 before the drop down. however note that the drop down is gonna be brief at least to 1.5800 - 1.5770 psych level and then a reversal for a buy trade. Pls still need someone to tell me what Nucca is... |
pls above mentioned movt is to be made on lower timeframes...lets see what the pair has in store |
phoenixfx: AUDUSD: Is indifferent now. Bias is still with the bears for now but expect a major retracement up for the pair soon. Trail ur trades nowMy feelings of indifference for the pair was justified. Bearish bias played out and now the major retracement in progress. However, this pair still needs special handling.... scalpers will get the upperhand here....first up then down then up...follow the sequence as i have called it. U see why i say indifferent. u may wonder why that is so buh price is trapped in a symmetrical wedge...refs my unprofessional charts
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phoenixfx: USDCAD: One last push up to hit resistance in play....The curr pair is setting up for a SELL TRADE soon. So bias is still with the bulls for nowSorry folks i didnt update u in time buh as u can see the analysis played out...The push up was powerful and took the pair beyond my anticipated resistance...and the major SELL trade already in play...already down by 25 pips now |
phoenixfx: i greatly apologize for the goof i made in this post referencing a news for today as that of 2maro (bolded in red)...however the analysis i gave still stands. as at time of posting this...weve seen the drop down to support level playing out. The pair is searching for a buying support, so keep ur itchy fingers off the triggerThe big buy trade in progress..as at time of posting this already up 13 pips...expect a small retrace down then a zap up. range trading but bulls got the upper hand now. as per the news by 1:30...ill keep u updated where my loyalty lies b4 news time. Refs chart below
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phoenixfx: USDJPY: Hold on to ur sell trade. The pair has not yet exhausted its selling power. However, pls note that as a swing trader, this sell trade is what i call a fakish sell as price once it exhausts its selling power will retrace back up. Hopefully, will call out the retracement once its ready to play. Long term i see a SELL in the curr pair Played out....How many held on to their sell trades. ...Long term SELL in the curr pair in motion however expect few retraces up buh they shouldnt budge u. |
phoenixfx: GBPAUD: Searching for selling resistance....watch the pair rise to previous resistance at 1.7845 - 1.7860 then fall. That's the point u pull ur SELL triggerPlayed out exactly....However, bear in mind that the long term trend of the pair is Bullish...to play out several days ahead |
natruetalk: me think d nucca need some kind of news to move it out of d box. EN will print dollar with patience broOga mi.. double salute. abeg which wan be Nucca? Secondly, my take on EURNZD...i dont think the fall in the pair will be immediate. i expect it to rise to 1.5820 - 1.5860 before setting up for a SELL. |
docus: yeah watching like a hawkGBPAUD: Searching for selling resistance....watch the pair rise to previous resistance at 1.7845 - 1.7860 then fall. That's the point u pull ur SELL trigger |
phoenixfx: Bull trap on the pair played out exactly....Poor reaction to news today hence no momentum to the lil spike that came by 3 pm. Still DONT enter a BUY trade now on this pair because it will still drop down to test support and hunt stop losses before news 2maro German IFO biz climate. Market movers fooling around trying to con peeps to think a buy trade is in progress...expect lots of ranging here on now till 2maro 9am....For the news all forces are synching for a BUY TRADE. Tk care peepsi greatly apologize for the goof i made in this post referencing a news for today as that of 2maro (bolded in red)...however the analysis i gave still stands. as at time of posting this...weve seen the drop down to support level playing out. The pair is searching for a buying support, so keep ur itchy fingers off the trigger and wait for the big BUY trade. |
beejaay: me? trade EURCHFok |
Aggrippa: but I think using a heavy lot size on this pair will be fine for the indulgent trader trust me or better still a robot.Aggrippa, uve 4gotten abt money mgt? Heavy lot sizes means ur greed level is slightly high and cld spell doom 4 ur acct if not handled well. Yeah I use heavy lot sizes buh in some special occassions...hehehehehe. On the use of robots, hmmm, I was raised trading fx d old school way manually. Wats ur take on robots |


Thanks