Phoenixfx's Posts
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beejaay: try eurchf, its round turn pips is ridiculous, usdjpy is better compared to this pairBeejay, Dont know if u trade this pair (EURCHF) and if ure a scalper/daytrader but that lil buy u see there is what i call a fakish buy. the pair's bias is still bearish. Expect pair to fall soon. |
naijababe: I have a lot of respect for traders who trade USD/JPY, i don't think there's a slower moving pair in this worldFor some peeps that translates to safe.... ![]() |
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 |
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 now |
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 now |
phoenixfx: Bull trap in progress EURUSD...Will fall back down to test support and hunt stop losses before news release by 3pm. However that drop is to pave way for an overdue LONG in the curr pair.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 peeps |
Bull trap in progress EURUSD...Will fall back down to test support and hunt stop losses before news release by 3pm. However that drop is to pave way for an overdue LONG in the curr pair. |
Been a long time i posted here guys....sadly, i jst lost my day job so having a difficult time adjusting. However, that leaves me and FX...Happy trading day guys |
naijababe: Na my mama i dey bury oAccept my condolences Naijababe...Missed ur presence in d forum. Welcome back |
phoenixfx: AUD USD: More BUYS ahead of the curr pair....In ranging mode now Buying power exhausted. Bias reverting to SELL. |
AUD USD: More BUYS ahead of the curr pair....In ranging mode now |
Hi Kirinwa: GJ is sitting on a strong monthly support. Good call...a little dip (SELL) towards 170.910 - 170.691 levels before any buy set up will come into play. Safe play is the Buystop buh like i said a mini-dip first. |
sojmann: I used a COG indicator with the WRONG settingsSojmann, i'll advise that u DONT try this martingale stuff on a live account (whether u can afford it or not) cos it has led to the quick death of so many accounts. As per the COG indy, i believe it has some flaws, some of which were pointed out by Ephisi few posts back so for me its a no go buh if it works for u or anyone else then thats gud. sowie 4 ur loss all d same. |
rozayx5: they dont have a Nigerian OfficeThanks Rozayx5 |
latestsunny: Send email to sophocles@xm.com for complain or information. He's in charge of Nigeria. You can include your phone number If need be, so that he can call.Thanks v. much |
tom29reloaded: bro nothing against u pls keep doing ur tin. my bad was i treated it as scalping. my highest stop is usually 10 - 20 pips for forex hence d big lot.[b]@Tomreloaded...Thanks and pls DO NOT take any trade recommendations or alerts given by me or anyone else here in this thread HOOK, LINE AND SINKER (100%). The alerts we give is to give guys here a heads up to go and do ur own analysis and decide whether or not to take the trade. Nobody is a grandmaster in FX trading but it sure helps to be able to have confidence in ur strategy and PERSONAL analysis irrespective of what people even so-called experts may say. in other words, filter the noise, look at the charts and trade what's its telling u. i commend u on ur Dec 31 goal...dats the fire buh dont let it burn u, learn to practice good money management relative to ur account size. if its small, then there aint nufing u can do than accept lil pickings and build up ur account b4 bigger lot sizes come into play even if it takes a long period of time than ur deadline, remember my saying dat FX is a get rich slow business. stay humble and ctrl ur emotions. more pips to everyone in this community.[/b] |
mez: They don't have a Nigerian office. Ok thanks very much... |
Pls Lawson and Mez and any other guys out there on live XM broker platform. Pls i would like to know if they have an office in Lagos jst like FXTM and what's d procedure to funding the account via local deposit. Any XM representative contact number to call would be appreciated. ive not been able to get any of these info from their webpage or live chat. |
Wow!!!...what a sky rocket. Enjoy the pips |
ephisi: @phoenixfx what do you see on eurusd today?A brief BUY now then a SELL to retest the 1.3347/1.3330 support level. The pair is seeking a buying support level to launch a massive change in direction for next week |
ephisi: Yea, i agree with you. I use purely price action. My curiousity was peaked by the fact that the reversal points on the cog seem to coincide with possible s & r for swing trades. Its subject to investigstion. By the way how do you trade? Price action? Or indis. Thanks I trade pure price action buh just like every newbie back then i had a solid foundation in indys, not that it helped cos they failed me over n over again most tyms from poor application of the indy, some from being repainting indys. Anyway, what works for me now is Price Action. Note of warning for whoever may be reading this, they are many fakish moves that comes with trading PA, case in point is this daily pinbar of 5th june EUR USD...most people were expecting price to reverse sharply upwards after d long downtrend and jumped in with orders buh d opposite was d case as price hadda go retest the support (refs chart). So mastery of PA and its fakish moves is a must.
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currentprice: ^^Ur comment needs more explanation..wat r u tryin 2 say |
ephisi: Sorry I meant the center of gravity indicator. I always see it on your charts tooNah those are sojmann charts... I knw dat I've stumbled on them during my journey thru fx and I feel d best use of them is in 4hr/ daily TF combined with the hot fibo zones of 38, 50 and 61 fibs...at such levels watch out 4 candlestick PA patterns. Are they on significant SR, then check d shape of d COG to reveal trend flow(also if PA is near the thick upper or lower bands) backed by d macd trend indy...then uve got a high probability set up 4 trade. However, I believe d indy may lag and may change shape (trend direction) after considerable movemnt in Price...this is however not how I trade and d indy is subject to more investigation by whoever wants 2 use it |
Orpeeh, Ceasebara and Currentprice...How far and pls who are the unknown guest that we have...even gettin more than real members of the thread... ![]() |
Hi Y'all...How did the day go in way of trades... |
ephisi: Theres no time to go back combing pasts threads. I guess its a moderator thing. If u have some serious info to pass on y not pm or email me rather than creating a puzzle. Thanks for the heads up bro. As a forex trader i interpret charts and not past posts. Honestly if u have a strong point for me. Pm me. Thanks@ Ephisi...he's doing a gud thing giving u a hint of d negative attitude of some bad elements of this thread. Ive been a member long enuff to see d "fights", negative and discouraging comments, scams, etc...got so bad dat d gud heavyweights of our dear thread even had to bail out. So beware and be cool. |
ephisi: Thanks @morenaira my integrity counts! Newbies get caught ip thinking they will making it trading fx in one year. If u make it in 5yrs youre lucky. Its a gradual process. Only a mentor with proof of profits can help u cut the lesrning curve to say 1 to 3 years. Blatant truth. FOREX IS NOT A GET RICH QUICK BUSINESS BUT A GET RICH SLOW BUSINESS.... |
ephisi: I must confess that in few days here i have come to respect phoenixfx and sojmann! They have gotten me curious about this trend follower indicator. I was thinking to myself this morning. If i were to build a team of nigerian currency analysts to manage large portfolio these two guys should be on the team! We havnt scratched the surface of fx industry here in nigeria. Good job guysThanks very much Ephisi....Personally i don't use the trend follower indy buh from analyzing Sojmann 's charts i know he is doing a good job of utilizing the indy. I'll av a look at it later. More green pips to all |
currentprice: brother are you invertedhammer? keep on good workHi Currentprice...tanx and No im not invertedhammer |
@ Ephisi. Yes presently there's enough momentum for ur short entry but be careful cos Hidden bullish divergence of yesterday still in play. hopefully shld be back b4 news 2 look at charts. |
hi pple... will be out most parts of today. enjoy d pips |
phoenixfx: @ Omejeo... Sell set up denied. Bias slowly changing to BUY.....The anticipated sells lacking momentum so d drop will not be much |




