₦airaland Forum

check out euraud tanking as predicted. . . . . . .

to make it more clearer: in the next chart, when price broke 13310 it went into overbought zone and when it eventualy broke 13365 it really went extreme. the reason it was overbought in the first place is because at the fib level of 61.8 it made a lower low but never completed it's projection. once it broke 13365 and made it's first lower low was the trigger to go short again. This strategy works 90% of the time. if after breaking 13365 it continued making higher highs and broke 13427 would be confirmation of uptrend and the trade would never be taken . . . . . i think

chart description

Emotional stability, i believe, is one of the most important things in forex. whatever your system is, just trust it and have the emotional control to follow through. Join me in shorting euraud again to 13200. . . . . .it's overbought and we have just seen it's first lower low at a pivot level. . . . .i think

^^^^^ forexfactory.com/fxstreet.com/actionforex.com

checkout euraud. . . .classic overbought/price rejection pattern, . . . .i think.

EURAUD is obviously overbought. i wonder how long it can sustain these high prices. . . . . . i think.

JAZES:
Its time to go long on GU.
Who is with me?

careful with that. and if you do, and it does go long, dont go above 15800. that is overbought range. i think. . . . .

hope this helps anyone. This is how i draw a valid trendline. it helps to eliminate noise and fake signals. The first trendline is potential that trend might change and the other is confirmation.

^^^^^I misunderstood then, i apologise. . . . . . . .I just have a natural distrust of brokerage firms. . . . . .no bias towards you. . . .

Danielqwer:
A new trading day Pipple 

Follow my trading forecast for today.

Forex, Commodities & Indices.

https://www.nairaland.com/nigeria/topic-758540.32.html#msg9174386

The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING Central current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable

O'l boy, forex is hard enough as its is, what with sharp brokers in the mix. . . . i wouldn't trust an fx brokerage firm run by a Nigerian. so, try harder.

I think euraud just entered oversold region on 30min with a short potential target of 13247, . . . .i think

JAkpayen:
^^ Did you hold a short position as at friday? With this way the price is moving we may see 1.35xx before going up.

Hey bro, be careful with short on EU for now. Gu is extremely bearish on weekly, daily, 4hr, 1hr. . . . in short all time frames. and you know how Eu and Gu like behaving like husband and wife. Eu is bearish on weekly and now on 1hr. . . . .i think

^^^^yes i did. . . . .on Gu too. . . . . .Thank God!!!!!!!!

^^^^^the pips are smiling at me already. Let's hope it stays like that till market open. . . . . . .

My God!!!! check out the way the EU is tanking fast. from close of 13795 to 13711. will it stay this way till market open? i hope so. even Gu is tanking as well, but not as much as EU. Looks like a short week. . . . . . i think

frenchman2:
nz/cad outlook for the week.
i mainly use chart patterns for my analysis.
pls don't hesitate to point out if my analysis is wrong.
thanks

completely agree with you monsieur, but we need to account for retracements when they do happen on nzdcad. point of resistance/overbought might be 8263 and 8291 while potential target is 7959. . . . . . .i think. . . . . . . .  And for Eu i would rather trade the 1hr which is very very bearish. . . . . . . i think. target for EU might be 13395. . . . . . . .the monthly chart, although bearish takes too long to hit target. what do you think?

^^^^Thank God i joined this thread. . . . . .in the space of 24hrs i have learnt two important things. . . . .

For Nzdusd, key overbought levels are 8393 and extreme overbought levels are 8575. these are key shorting areas, . . . .i think!!!

holahabib:
First trade for the Day.

Pending BUY Orders placed:

EUR/USD @ 1.3826

GBP/USD @ 1.5812

Drving home now with my laptop beside me and glo edge network in case i need to scale out, Wish me luck.

careful with buys on Gu and Eu. . . . .just my opinion though

I think Gu is overbought again, time to short again, . . . . . i think!!!!

i think Gu is overbought on this retracement, i am selling again to 15731

wow! a forex thread on NL. hope i'll learn something new.