Forex Trade Alerts: Season 23 - Business (855)

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Forex Trade Alerts: Season 23 - Business (855) - Nairaland

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Re: Forex Trade Alerts: Season 23 by Nwadaka: 9:13pm On Oct 18, 2023

depato88:
I wonder why GU is dipping while Gold and co are rallying...even DXY is rallying

Is there any principle that states that XAUUSD should be dumping while DXY is pumping? grin

Correlation will scatter your brain cuz you are trying to avoid losses. Even US10Y Bond yield gives better correlation than DXY. Remember war dey oo

Re: Forex Trade Alerts: Season 23 by Supremefx(m): 9:22pm On Oct 18, 2023

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Re: Forex Trade Alerts: Season 23 by BinaryRocks: 9:27pm On Oct 18, 2023

Nwadaka:
Correlation will scatter your brain cuz you are trying to avoid losses.

Re: Forex Trade Alerts: Season 23 by samfelly: 9:31pm On Oct 18, 2023

Geovanni412:

That's the way...it is in a trending range

You can wait for it to break to 14963 and form a pullback or you can jump in now and ride the downtrend

Either way...it looks bearish to me.

Biggest challenge will be how wide your stop loss needs to be

To be safe, you might need to wait for several hours to get a good pullback off the bounce from 14963.

You sure say you no be market maker? grin

1 Like

Re: Forex Trade Alerts: Season 23 by Jameselias: 9:33pm On Oct 18, 2023

One pair that you think is over-rated!

I will go first xauusd

Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 9:36pm On Oct 18, 2023

samfelly:

You sure say you no be market maker?

Boss, I don't even trade Nasdaq

This week analysis just seems to be happening as anticipated.

1 Like

Re: Forex Trade Alerts: Season 23 by Jameselias: 9:38pm On Oct 18, 2023

Remember at some point you have to leave social media and focuse on your business

3 Likes

Re: Forex Trade Alerts: Season 23 by DXYY: 9:48pm On Oct 18, 2023

Jameselias:
One pair that you think is over-rated!

I will go first xauusd

US 30 , that guy na bastard , doesn't respect anything na big boys they manipulate that shit.

Re: Forex Trade Alerts: Season 23 by DannyFX2638: 9:49pm On Oct 18, 2023

Jameselias:
One pair that you think is over-rated!

I will go first xauusd

I remember when I use to look down on CHF. grin

u see that pair you hate. kindly revisit . something amazing is waiting for you.

Re: Forex Trade Alerts: Season 23 by LincolnOnyeabor: 9:53pm On Oct 18, 2023

GabsonFX2:
Are you a scalper?

I meant Swinging oooo.

It was Swinging I meant to type sir

1 Like

Re: Forex Trade Alerts: Season 23 by Petah(m): 9:54pm On Oct 18, 2023

kozmicity:

Aye. Why'd you ask?

seeing the lot size of that but limit got me curious Chief. I salute you chief.

1 Like

Re: Forex Trade Alerts: Season 23 by LincolnOnyeabor: 9:57pm On Oct 18, 2023

Puremark:
I trade gold and eurusd mostly

Same here.

And a little GU. Just very little.

But you see Gold, I don dey really fall in love with that asset.

If I could get a standard material or book that explains her ways in depth

Re: Forex Trade Alerts: Season 23 by BillAckman: 10:02pm On Oct 18, 2023

GabsonFX2:
However, while that was ongoing, I took some minor trades today with profits (Attached with date and time) to offset the above

Your trading pattern reminds me of the legend pipsbasketings. I respect that guy gann
Are you related to him?

Re: Forex Trade Alerts: Season 23 by LincolnOnyeabor: 10:02pm On Oct 18, 2023

Jameselias:
One pair that you think is over-rated!

I will go first xauusd

My babe is not overrated please.

See babe way I dey try chyke make she open for me na ehm you dey talk say dey overrated.

We go fight ooo. angry

Re: Forex Trade Alerts: Season 23 by Gasive: 10:06pm On Oct 18, 2023

BillAckman:

Your trading pattern reminds me of the legend pipsbasketings. I respect that guy gann
Are you related to him?

It's him.

1 Like

Re: Forex Trade Alerts: Season 23 by BillAckman: 10:06pm On Oct 18, 2023

BrightFuture48:
No need for garagara again. Take your time traders and follow your A list setups. That's NEW NORMAL in the industry now. Check this out.

The best advice therein.... Don't rush, slow and steady wins.
Thanks for sharing man

1 Like

Re: Forex Trade Alerts: Season 23 by BillAckman: 10:16pm On Oct 18, 2023

Gasive:

It's him.

Omo people dey change gannn

Re: Forex Trade Alerts: Season 23 by GabsonFX2: 10:20pm On Oct 18, 2023

2 Likes

Re: Forex Trade Alerts: Season 23 by TradingGod: 10:34pm On Oct 18, 2023

Oil updates:

Head & Shoulder pattern appearing in 15M timeframe

Time to trade the reversal? 🤔

Re: Forex Trade Alerts: Season 23 by TradingGod: 10:36pm On Oct 18, 2023

LincolnOnyeabor:

My babe is not overrated please.

See babe way I dey try chyke make she open for me na ehm you dey talk say dey overrated.

We go fight ooo.

that your babe don send so many senior men back to village o embarassed

4 Likes 1 Share

Re: Forex Trade Alerts: Season 23 by Puremark(m): 10:57pm On Oct 18, 2023

LincolnOnyeabor:

Same here.

And a little GU. Just very little.

But you see Gold, I don dey really fall in love with that asset.

If I could get a standard material or book that explains her ways in depth

I have a telegram channel that give analysis on gold.

1 Like

Re: Forex Trade Alerts: Season 23 by GabsonFX2: 11:03pm On Oct 18, 2023

Re: Forex Trade Alerts: Season 23 by Nextt: 11:04pm On Oct 18, 2023

depato88:
I wonder why GU is dipping while Gold and co are rallying...even DXY is rallying

This is why it is necessary to understand risk sentiment and how not to trade against it if you want to be on the right side of the market.

What you observed is a risk-off sentiment where investors have a negative view of high-yielding currencies and the economy so they sell those high-yielding currencies (AUD, NZD, CAD), Oil and stocks while they buy safe-haven currencies (USD, JPY, CHF) and Treasury bonds.

In a risk-off environment, if you are buying AUD or NZD, Oil, or stocks you are trading against general risk sentiment and will suffer losses. Your best bet to make profits in a risk-off setting is to buy Gold, USD, JPY and CHF. Euro is also gaining attention as a safe haven currency.

2 Likes

Re: Forex Trade Alerts: Season 23 by Nextt: 11:08pm On Oct 18, 2023

DannyFX2638:
I remember when I use to look down on CHF.
u see that pair you hate. kindly revisit . something amazing is waiting for you.

I'm with you on this one. CHF is the MOST underrated but the best high yielding long term currency in forex.

2 Likes

Re: Forex Trade Alerts: Season 23 by Nextt: 11:10pm On Oct 18, 2023

BillAckman:

Your trading pattern reminds me of the legend pipsbasketings. I respect that guy gann
Are you related to him?

You are talking to him 😄

Re: Forex Trade Alerts: Season 23 by LincolnOnyeabor: 11:11pm On Oct 18, 2023

TradingGod:
that your babe don send so many senior men back to village o

I know ooo.

Na why I dey wan befriend first, Understand her ways and her workings and then see how to proceed with the relationship.

1 Like

Re: Forex Trade Alerts: Season 23 by LincolnOnyeabor: 11:13pm On Oct 18, 2023

Puremark:
I have a telegram channel that give analysis on gold.

What I actually need sir is like a Course or material that explains in details how Gold works.

But nonetheless, do drop the link to the telegram let me have a look at it sir.

Re: Forex Trade Alerts: Season 23 by FXcandles(m): 11:55pm On Oct 18, 2023

Oil prices are still in bulls, yesterday drawing a high at 88.47 despite getting pressure and closing at 87.09. Geopolitical tension still becomes hot news amid oil prices. Now, recent news reported Iran Calls For Oil Embargo On Israel As Middle East Tensions Flare Up.
Iran is calling for an oil embargo on Israel over the latest deadly air strikes on the Gaza Strip amid growing tensions in the Middle East just as U.S. President Joe Biden arrived in Israel.

Re: Forex Trade Alerts: Season 23 by TradingGod: 1:20am On Oct 19, 2023

LincolnOnyeabor:

I know ooo.

Na why I dey wan befriend first, Understand her ways and her workings and then see how to proceed with the relationship.

sharp guy

Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 3:04am On Oct 19, 2023

LincolnOnyeabor:

I know ooo.

Na why I dey wan befriend first, Understand her ways and her workings and then see how to proceed with the relationship.

Sometimes you have to put your thinking cap on and look at the chart and apply things for yourself

Test one or two ideas from the books you've read on trading

Sha...

Lemme save your time

Xauusd moves in a trendy pattern

Your question made me test out one or two ideas I had in my mind

Since Xauusd moves in a trend mostly, finding major highs and lows for swing trading should be based on trend exhaustion.

You might have read from forex blogs or from candlestick books that Trend exhausts after 8-12 bars

Here's how to apply the information....

Range of pinbar is (high-low of bar)

Find a pinbar on Xauusd on 4H chart at a key support or resistance zone...get the range of that pinbar, multiply it by 8, 10, 12 and check market signals at such areas, you will likely find your reversal there.

Check it for yourself on any period of Xauusd 4H chart even the 2020 COVID period.

Scalpers will find success adopting such a a strategy by waiting for 5+ hrs at the key areas before pulling the trigger.

But swing traders may need to wait for longer and placing limit orders there does not mean that you will always be successful...what it does is it gives you an idea of where the market will reverse.

When you see the necessary change in structure, you can take the trade therein.

2 Likes

Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 3:36am On Oct 19, 2023

Xauusd...

Waiting for market to break to 1935 zone

At 1935, if it shows strong signs of consolidation, and makes double bottom with higher low on 5min chart, then it should move upwards towards 1973

At 1935, if it keeps trending downwards and makes a double top with lower high on 5 min chart after failing to break key supply levels for 2-3 hrs, then it should move downwards towards the 1922-1912 zone

1 Like

Re: Forex Trade Alerts: Season 23 by dmahn(m): 5:40am On Oct 19, 2023

dmahn:
Let's watch the price action on EurGbp inside these zone. We ll be waiting for a bear trap turn bulls party to enter agressive with a proper MM.. No bear traps no entry

Price didn't get to my desired discounted zone but it did gave a valid entry at the 0.50 fib retracement, I entered but the market failed to move in time, the fear of Wednesday swap made be close at breakeven and the move finally happened overnight without me... My next account must be a swap free account.. I hate swap wether positive or negative.... 2 trade alert drop, 2 wins 😍... Èmi kọ Ọlọhun má ni o grin

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