₦airaland Forum

Concept:
^^^ Are u tired? Go & sleep. U had enough.

Tired ke. . .i just wake na. . . thank God no PT this morning . . . . .all my trades still tied up ooooo. . . .eu long. . .usdjpy long and usdchf short. . . . december trading has always been one kain. . . . .

yyaawwwnnn. . . . . . .what'd i miss?

yaawwwnnn. . . . .what'd i miss?

naijababe:
And you are clever dude   Been told that since I was like 12 and I'll have you know it's also the reason why I am wearing Mr Naijababe's ring  

I pray that Eurnzd breaks 17080 which automaticaly makes wave 3 complete. . . . .let it be so. . . .

naijababe:
Annoyingly testy day today   Don't know about y'all selling the EU, if i was going to trade the EU, it'll be a buy. There's a support at 1.336x area and the last candle on the weekly is an inverted hammer.

If you want to short it, then you need to wait for a break of 13200 on say the 4hr chart which should give you a nice long ride to 12400.  This week, no currencies for me, the Dow and i have a date and i hope to be the one rap/ing it and not the other way around

You're weird

JAkpayen:
^^ Nice reply bro, the guy wanna test your temperament. Abeg beejaay no fighting anymore.

ehizmac:
@pip love-vendor, thumb up,  you did the right thing, but dont see Uchf selling sha, thats my own view

I'm looking at a 450 pip drop minimum. . . . . .the pair is in wave 5 zone of the mourinhno wave pattern . . . of course it's not going to happen overnight. . . wave 5 shows bias which in this case is short and the impulse strength to take profit point. . . . .

beejaay:
you are funny. wat do u know about gambling? do u know what am looking at or u know my yardstick for trading? and for you information i dont trade to take 20 or 30pips, i trade to take minimum of 100pips depending on the reality of the moment. let me give you small heads up. there is a confluence of resistance at that point. there is 38.2%fib level and also 200EMA that got rejected, CCI55 has not yet penetrated zero zone. i dont trade to win or be ryt, i trade what i see on my chart not your chart or anyones chart. if i win the trade fine and if i dont another tym will come, thats why i have my stoploss in place so please brother dont tell me am gambling again

Let me do what my therapist/wife have recommended and say sorry. . . .did not mean to tick you off. . . . .but you are right we all see things differently. . . .go on soun joo. . . .

beejaay:
abi ooo there is so much point for EU to clear to get to that point.price can only steep higher if the pa can continue staying above 200EMA and 55EMA or maybe somethin happens from the news arena. just added to my long on USDCHF on the close above 200EMA

You are buying Usdchf. . . .really?. . . .hope you are trading the 5min time frame 'cause that is some serious gamble.

Anytime you see Eu and usdjpy exibiting the same patterns your spidey senses should be tingling like mad. . . . once Eu hits 13610 and you are a short term trader it would be prudent to exit all longs 'cause that is the que for Usdjpy to start heading up and and Eu to start retracing to complete wave 4. . . . .I'm in for the long haul to Eu 1400 sha. . . . .

@concept thanks. . . . . .

Kay1kay1:
Thanks for the chart hints pip love-vendor. It is shocking  that most texts brush past the Gann's key numbers. They give very little or no explanation on it albeit its astro-mathematical  link. Is there any authority ( textbook) you 'd recommend on Gann Theory? Thanks.

Sadly all i know about the gann theory is what i've gotten googling on the internet. . . . but the most important thing i got from it is how time affects trading as much as how waves/emotions affect price movements from Elliot to how price reacts to certain levels both in expansion and retracements from the great mathmatician, fibonachi. I try to pick a little something from everyone and merge it into my personality and trading strategy/plan. It's sunday and here comes the hard part. . . . doubt. "was that really a symmetrical triangle?. . . were all levels truly broken?. . . .did i invest too much lots?. . . . how will the opening be?. . .will it go against me?. . . .will some sort of news jack me up?. . . .emotions in forex are a b.itch. . . .

More charts

I am going to try this one last time. . . .maybe it will sink in. This is how i make a killing trading forex. Price is not eratic. There is order to it's chaos. Problem has always been the way we all got initiated into this game/business called forex. Tom Demark said it is supposed to be this way or that way and we must believe it without fully understanding his method. . . . i beg to disagree. Another problem is time and patience which is why i respect the Gann theory so much. . . . we expect price to achieve it's destination quickly or when we think it should,  . . .another misconception. News and other major factors come into play,  . . . .money management is another one. . . . .i dont know why anyone just starting would imagine he/she can a million dollars with 5k overnight. . . .i blame those fracking marketers for that. The chart below is a classic symetrical triangle price movement in it's final stages . . . .it is self explanatory. This pattern is on Eurusd 4hr timeframe. . . . .which is in wave 3 process which is also behind the logic of 13610 being broken before a retracement is made to form it's uptrend trendline. . . . .also on usdjpy daily which is wave 5 process for a tp of 8200. . . . .I hope this helps someone.

A very very nice trade to ponder over the weekend. . .the audchf and audnzd pairs. . . .both are seriously ripe for a good sell. audchf just completed wave 4 and is in wave 5 zone for a good 700 pip drop. . . .audnzd is also in wave 5 territory and will drop to 12892. . . . . . 3-400 pips, . . . .think about it. . . . . .another good trade is the usdchf. . . .it is in the final stages of wave 5 and we are looking at a 4-500 pip drop to 8800. . . . .good luck for next week. . . .remember all calls come with a 300 pip stop loss. . . . if taken out place a pending sell order at the stop loss price and just wait for price to come to you.

@concept thank you so much for that post that i commented on. . . . . if you hadn't posted it i would not have bothered to look at the monthly chart which i try to stay away from. . . . .yes eurusd is bearish. . . .very. . . .but only on that time frame for now, but the key point is on the that time frame it is in the process of completing it's 4th wave which is very bullish. i was wondering why eurusd was directionless for a long time not knowing the real action was on the monthly chart. . . . . so in conclussion 14000 is a stop gap for a further tp of 15000. . . . . . and don't get me confused. . . .price will dilly dally. . . .but the overall bias is up. . . and tell pip trapper to change his/her id. . . .i've already patented pip love-vendor and it's too close and might cause a copyright lawsuit

Concept:
Quote from piptrapper ~ not from Nairaland.
Well simply put I just wanted to make a point about how the US economy (at least in employment terms but not discounting manufacturing and services) is improving despite all the headwinds out of the European debt crisis. At the same time, the European econ data is on a downtrend, and is not delivering any promises of improving any time soon. Therefore, this further reduces any justification for additional QE by the Fed. So what does that mean? Quite simply, it means that the US should still be attractive for yield seeking foreign money. No not to invest in fixed income, but rather in the equity markets. This means a stronger USD because instead of moving the safe haven funds offshore, investors may just move them from fixed income to equities. It will not break the RiskAsset/USD inverse correlation but it will most likely mitigate the effect which in the end makes it more possible for the Euro to dive further down towards the 1.20 area. Ahaa!!! Yes that's right, did you expect me to be Euro bullish all of a sudden?

I hope you are not taking whoever this is seriously. . . . . i cant even understand what he's talking about except where he says price is going to 1.20 area which might happen one day but not anytime soon. . . . .except he's an extra long term trader and trading the monthly chart which is definitely bearish

Zeddicus:
LOL, Oga mourinho. Long time no see.

i de bro's. . . .wetin de happen. . . .

wahng:
if u predict the market, u wil lose. just flow with momentum and u wil win

try telling that to my account. . . . it wont believe you

ehizmac:
the market has been quite because of NFP to be released today, NFP, today na today, 2.30pm nija time  before someone misunderstand me again, tonjoan, concept, pip love-vendor, salibaba what are your predictions , although i had a dream about the news pls dont ask me about the dream oooooo

Eu needs one solid retracement for it's uptrend to complete. . . . .but to do that 13613 needs to break. . . . . . . then if you are a short term trader expect a good retracement to form it's uptrend trendline before heading back up to 14000.

tonjoan:
na nearest bus-stop trader i be so i de target 1.3620 for now.

Perfect. . . .between 13682 and 13553 na reversal zone. . . . .price has not formed it's trend confirmation trendline yet but it still needs to break 13613 to do so. I'm in for the long haul to 14000 sha.

naijababe:
i am the exact opposite but i rage like a storm sha  

careful. . . mischief makers might read double meaning to that statement but i know what you mean. . . .quiet but deadly. . . . . .

tonjoan:
I been don answer you that one. i say i hold long on gold,eu,gu and au.

i no know about gu and au. . . .for Eu weting be tp?

tonjoan . . . .i say which trades you de on. . . .

naijababe:
Spoken like a true ajepaki  

Pip Pi/mp , you must be real impatient in real life o. All the shakara in here na just mouth

Very. . . .a better part of my time is spent finding out why stuff is. . . . .and getting things done sharply and prudently. . . .cant stand anyone who cant keep up. . . .

tonjoan:
hahahaha laziness of the brain. You're right about the 2 kinds of diagonal trendlines. Will take time out to study them.

If you come become Jona wen people de yap anyhow nko? abeg grow some pomo ooo abi make i give u some of my own?

which wan be jona again?. . . . anyway. . . which trades you de inside?

tonjoan:
I laugh in Kabul. Irredeemable? That's a high note of surrender   . Didn't know you were in the force.
Why you go get HBP from posting when na your views you de post. No let anyone age you quicker than your metabolism jare.

I de too emotional. . . .you don't know how much e de pain me when i see some views here on some trades/system/strategy. . . .i know everyone has a right to their own way/calls/strategy but still the thing de shake me. i don find way to suppress am sha. . . it is now a game for me called "another one bites the dust" . . . . i'd rather watch most of the time and play the game.

tonjoan:
Unfortunately i have never been able to bring myself to understanding and applying waves to my analysis. I got to develop a very simple yet workable approach. I wonder why my brain goes to sleep whenever I feel like giving waves an effort.

Unfortunately?. . . .na laziness de do you. . . .just check the chart out sha. . . .

naijababe:
Nice to see back on the thread bro, fear don begin catch me because i thought  uncle sam don post you to Afghanistan

@ aguiyi, where  were u last night when i was looking for someone to ride crude short with me, eh?

Once is enough for me. . . .those people are irredemable. . . . .doing everything to avoid going back there till my contract's up. . . .just decided to keep quiet for a while. . . .high blood pressure from posting and all that good stuff you know. . . .

tonjoan:
You are very correct jare. hahahah

hehehehehehehe. . . . . .yes ooo. but seriously. . . .as a fellow MV veteran let me show you something that will blow you away. . . . .believe me it's worth a million bucks. .  .time and constantly starring at charts has made me realise that there are two kinds of diagonal trendlines. . . . the one that points out a trend reversal and the one that signifies the beginning of a new trend once the trend reversal trendline has announced itself. . . .check out the chart bellow. The one just under wave 4 is the trend reversal one and the other that started wave 5 which started the new trend. . . . .this pattern/trendline is on eu. . audchf. . .eurcad. . .eurnzd. . . uscdhf. . . .usdjpy. . . .etc. . . .take it seriously bro.

I am 100% sure eu will go up or down

tonjoan:
Almost 6 am? are you in the states?

Yeah. . . .I escaped just in time before forex nearly wreck me in Nigeria

FOREXMART:
@pip love-vendor. Nice to know your ok bro. I have't been very active too lately considering the fact that am doing a total overhaul from crazy experienced scalper to newbie novice High time frame swing trader.

Working on different methods now tho e no easy oh to be watching these moves go by on 15mins time frame and not take em.

Do u skype?
I just need my time and my life back cos scalping has taken em hostage gluing me to me pc from 3am to 7pm errday. That ain't what I sighed up for even if its profitable cash wise but not health wise. Newbies beware, If you start scalping u will still end up wanting to go higher cos other responsibilities will need that time too. NUFFF SAID.

yeah. . . my id is bidemi123. . . . .and believe me once you can wrap your head around long term trades your life will be so much easier. . . .it's worth it. . . slow but the rewards are enormous.

tonjoan:
yes i am. real small world. see how we connect again after 4 years.

Yep. . . . anyway it's almost 6.am make i begin go PT before my 1st sgt make me run 5 miles instead of 3. . . . .talk to you later in the day. . . .and goodluck with your trades.

tonjoan:
faizsgeld says welcome to bidemi. tiva connection.

Lol. . . . .you're faizsgeld?. . . . small world this forex be. . . .