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Re: Forex Trading - Season 15 by Kashif(m): 9:59am On Jan 20, 2015 |
No trade signal for me since Friday.... |
Re: Forex Trading - Season 15 by raycolz84: 10:54am On Jan 20, 2015 |
Looking at the reaction around 179.20 for GJ, if it breaks it upward with 50pips, then I will comfortably join the bulls, otherwise, na niger-delta we they go back to |
Re: Forex Trading - Season 15 by bukky1: 11:10am On Jan 20, 2015 |
Good morning guys. Are u aware pf this site www.forexpeacearmy.com? Been watching dem for sometime now, seems like a good site for pipers. Lol. Anyone with similar sites should pls post here. |
Re: Forex Trading - Season 15 by Homguy(m): 11:16am On Jan 20, 2015 |
pls am having serious problems crediting my binary.com account, can anybody help out? |
Re: Forex Trading - Season 15 by L2CD766: 11:30am On Jan 20, 2015 |
Homguy:i use payment agents... etradexchange is Nice try them out |
Re: Forex Trading - Season 15 by L2CD766: 11:33am On Jan 20, 2015 |
ephisi:try swiss or german brokerss... excellent quality and safe funds... check the following out XM DUKASCOPY EXNESS |
Re: Forex Trading - Season 15 by Homguy(m): 11:45am On Jan 20, 2015 |
L2CD766:on binary.com? |
Re: Forex Trading - Season 15 by L2CD766: 11:48am On Jan 20, 2015 |
Homguy:yes... its better and faster.. |
Re: Forex Trading - Season 15 by adeniyia33(m): 12:35pm On Jan 20, 2015 |
bukky1:help Yes, FPA shorten for Forex Peace Army is good and I am a member since 2010. The forum was created to help FX guys around the globe. The site also help settle some rift btw clients and brokers on FX and without any commission charges. You can also found out whether ur broker is real or scam on the site 2ru the Brokers Alert menu on the site. Yes very good site |
Re: Forex Trading - Season 15 by Nobody: 12:51pm On Jan 20, 2015 |
ykpuffy: I am still bearish biased on the Dow but then again, anything can happen |
Re: Forex Trading - Season 15 by sexaddict08(m): 8:39pm On Jan 20, 2015 |
tom29reloaded: Wish? for hw long 1 Like |
Re: Forex Trading - Season 15 by drpips1(m): 9:01pm On Jan 20, 2015 |
Fibonacci retracement on G.U ....seems to be heading for a pullback or still on retracement or in between |
Re: Forex Trading - Season 15 by sexaddict08(m): 9:04pm On Jan 20, 2015 |
ephisi: shine ur eye. nobody is realiable, they're all catastrophy waitin to happen. can any broker in nigeria b more reliable than aalpari uk? sponsor of west ham utd,... wat. abt liberty reserve? 1 Like |
Re: Forex Trading - Season 15 by Sirkay78(m): 9:13pm On Jan 20, 2015 |
[quote author=bukky1 post=29959101]Good morning guys. Are u aware pf this site www.forexpeacearmy.com? Been watching dem for sometime now, seems like a good site for pipers. Lol. Anyone with similar sites should pls post here.[/quote very good site especially if you have issues with your broker |
Re: Forex Trading - Season 15 by Nobody: 6:24am On Jan 21, 2015 |
SELL AUDUSD now at 0.8210 for a 50pips rrr=1;1 |
Re: Forex Trading - Season 15 by Nobody: 6:32am On Jan 21, 2015 |
If you are not with FOREXTIME , i wonder where you are right now, at this crucial time of forex trading. hit this http://www.forextime.com/?partner_id=4900129 to join ephisi: |
Re: Forex Trading - Season 15 by jamace(m): 6:39am On Jan 21, 2015 |
iheanyiebeneze:Please, does forextime have indices on its platform? |
Re: Forex Trading - Season 15 by Nobody: 6:49am On Jan 21, 2015 |
i will heavily SELL GBPUSD at 1.5283 today insha ALLAHU |
Re: Forex Trading - Season 15 by Nobody: 6:55am On Jan 21, 2015 |
YES. But Bros, I trade Forex, and am happy with them. My TRADING STRATEGY is working and am using it effectively to trade Currencies. Though i seldom trade GOLD, DJ, and DXY sometimes jamace: |
Re: Forex Trading - Season 15 by TheShootist(m): 7:46am On Jan 21, 2015 |
NZDCAD Long
|
Re: Forex Trading - Season 15 by Nobody: 8:47am On Jan 21, 2015 |
This will help someone... Six must-haves for a perfect trade setup Plus, the Swiss spoil the party... Dear trader, No one likes to spoil a party like a central banker … Last week, the Swiss National Bank scrapped the euro cap on the Franc. It was the biggest move I’ve ever seen on a currency. So why do they scrap the cap that has run for over three years? It was just becoming far too expensive to keep on buying Euros against the Swiss Franc. The Swiss balance sheet was becoming far too large in relation to the economy. Also, this week Thursday(tomorrow), the ECB is expected to do what they said they would do and actually start their own version of QE, massive bond buying. If it does actually happen, the Euro is likely to move much lower and that would have caused the artificial Swiss cap to buckle under. But the markets don't like the unexpected and, as a consequence, at least one retail broker has ceased trading and the fall out will badly impact many funds with exposure to the EURCHF exchange rate. With markets this jittery, we want to ensure that we’re only risking our money on the very best trade opportunities … the ones with the best chance of making us a good return. 1. Timing The best timing for your trade will depend on what strategy you’re using. It could be a morning breakout strategy, best used between 6 and 9am … it could be an overnight range-bound strategy, best used between 10pm and 3am … What matters is that the time you’re trading is matched to the action you’re hoping to take advantage of in the markets. There’s also timeframe to think about. If your strategy has been built around trading around a 1-hour charting signal, but you find the same signal flagged up on a 30-minute chart – it’s not automatically transferrable. You’ll need to consider the kind of market movements you can expect within the timeframe – asking for too big a move is a sure way to stop the success of your trade. 2. At least two indicators colliding If you’re using technical analysis to enter a trade, you’ll want to select these carefully. While some traders have a dozen indicators on their charts, other will use just one. The happy medium would be to look for two or three well-matched indicators … … the first triggers a signal, the second and third are used to confirm that signal. I’m going to take a look over the coming weeks at how best to combine indicators, but we should be aware that some ‘suit’ each other better than others. Many different indicators are built out of what’s essentially the same data – like moving averages, or the size of candlesticks – so we want to use two indicators that are looking at price data from different angles. While it’s frustrating if your indicators are constantly giving you mixed messages and telling you to sit out when you’re eager to get trading … if they are constantly in agreement, you should probably be more concerned, as they are probably just duplicating each other. Your second and third level of confirmation is there to filter out signals that aren’t up to scratch – if they’re not filtering, then they’re not doing their job properly. 3. Daily ranges behaving Markets don’t always behave how we want them to, and, like the most willful of children – one minute they’ll be throwing toys … the next they’ll be angelically asleep … Understanding the expected movement in the market you’re trading, over the period you’re trading it, is vital. If your trade is looking for a move of 100 points, on an hourly chart, and the price hasn’t moved more than 50 points a day for the past week … you’re going to struggle to see those returns. Chances are that something will come along to negate your trade before it’s had a chance to come good. 4. Key levels working on your side In the heady moment of entering a trade, it’s easy to forget to check key levels that might block our trade from winning. If your profit target involves the price breaching a level of resistance or breaking through a big round number … you’re not helping yourself having a successful trade. It’s worth remembering that round number are both hard to break through … but also have a magnetic pull on prices – prices are often pulled very close to them, so be wary of this when placing stops too. Of course, we can always move our profit targets and stop levels to fit around key levels … but this, again, can cause problems, if we’re mucking about with our risk-reward levels. Is the new profit target is still ‘worth’ the risk you’re taking? 5. No news to spoil it As last week Thursday 15th January showed perfectly … nothing spoils the best-made plans more than a Central Bank. Of course, we can’t predict what bankers will announce, or what effect that will have on the market (it’s often the opposite of what we might expect). But we can make ourselves aware of scheduled announcements. Forexfactory.com lists all the economic announcements happening each week, and the markets they are likely to effect. The main events to watch out for are Non-Farm Payrolls on the first Friday of every month. 6. Your mindset is right The perfect mindset for trading is unemotional and detached. This allows us to make our decisions objectively. Of course, we’re not robots, and the taking of any kind of financial risk (however carefully planned) has strange effects on our brains. People place trades for all kinds of reasons … … because they’re bored … because they’re angry … because they feel they’re owed a winner … because it ‘feels right’ … Ask yourself … Am I making this trade because it’s a sensible trade, or because I want to? So, if this final planet comes into alignment with the other 5, you have your perfect trade set-up. Of course, even perfect trade setups can lose, so – whatever the outcome – we must be prepared to pick ourselves up, and prepare for the next perfect trade setup. Thanks, Till next time. Hit my SIGNATURE If this helped you. 4 Likes |
Re: Forex Trading - Season 15 by drpips1(m): 9:22am On Jan 21, 2015 |
An announcement on QE in the euro-zone seems imminent in the euro-zone. The shocking move by the SNB with its accompanying hints and recent comments from ECB officials have paved the way for a very significant announcement. The reaction for EUR/USD depends on the size of the program. But, Draghi and co. will not necessarily give us an exact total number, but could go for other options such a program without a time frame, choosing a percentage of national debt as a measure, etc. Here are the potential scenarios for the January 22nd event, with probabilities and possible reactions in EUR/USD: QE worth around €750 billion: This would fit nicely between €500 billion reportedly prepared and the big T word: €1 trillion euros. Counting the other tools such as the TLTRO and ABS, a QE program of this size would make the total balance sheet expansion reach around €1 trillion, as the Bank intended. In this scenario, the euro would slide, but not collapse. Probability: high. QE worth €500 billion: This is what the ECB staff was originally preparing, according to reports, but since then it seems that the move would be larger. Such a move is basically priced into EUR/USD and the reaction would be a “sell the fact”. Probability: medium. QE worth €1 trillion or more: It could a a program of “up to one trillion” and not necessarily reach this sum, but the effect would be strong enough and would send the euro free-falling. Probability: low. QE of up to 25% of total debt, by NCBs, with opt-outs: This is certainly a valid option according to what Knot had to say and it implies even €2 trillion. However, if bond buying is done at the national levels, with the National Central Banks (NCBs) rather than the ECB and countries could opt out, Germany would certainly a candidate that could avoid participation, taking a lot of weight out of the program. This could trigger a mixed reaction and lots of confusion in markets but hurt the euro. Probability: medium-high. QE of up to 25% total debt, managed by the ECB: In this scenario, the ECB manages all the bond buying, and does it relatively quickly, printing lots of euros and steering fast towards the 2012 balance sheet. This would send the euro plunging fast. Probability: medium-low, due to German opposition. No QE now: Some are still expecting the ECB to only talk about acting in March but not do anything now. Given recent hints, the probability seems very low. If this is the case, the euro would jump, as avoiding action now could mean avoiding action later. Unlimited time frame: If Draghi takes a page from the last Fed book, he would announce monthly bond buying and no time frame for ending it or tapering it down. An unlimited program is the strongest one, and parity for EUR/USD is an option for the next days, depending on the monthly quantity. However, the probability is low: the ECB does adopt other banks’ policies, but usually not the latest ones and not the most extreme ones. We are assuming that the ECB will not go for buys of corporate bonds, an option that was raised in the past but could be kept as a possible “Phase II” – keeping ammunition in the tool shed. |
Re: Forex Trading - Season 15 by adeniyia33(m): 9:31am On Jan 21, 2015 |
iheanyiebeneze: Perfect 1 Like |
Re: Forex Trading - Season 15 by Nobody: 9:32am On Jan 21, 2015 |
First TAKE PROFIT hit at 14day moving Average. Stoploss brought to breakeven. http://www.forextime.com/?partner_id=4900129 iheanyiebeneze:This 2015 am only for profit. shikina |
Re: Forex Trading - Season 15 by Nobody: 10:13am On Jan 21, 2015 |
Second TAKE PROFIT. Awaiting the last for the final 50pips about to be hit(as i explained in my TRADING STRATEGY i sent to all), we have cleaned our mouth waiting for another trade set-up iheanyiebeneze: |
Re: Forex Trading - Season 15 by drpips1(m): 11:28am On Jan 21, 2015 |
Don't Get 'Overexcited' About Thursday's Meeting: ECB Nowotny The European Central Bank's policy meeting on Thursday will be interesting but we "shouldn't get over excited about it", ECB Governing Council member Ewald Nowotny said this morning. Speaking at a Euromoney conference in the Austrian capital this morning, European Central Bank (ECB) Governing Council member and Austrian central bank chief Ewald Nowotny said that the much anticipated ECB monetary policy meeting on Thursday will be an interesting one but we "shouldn't get over excited about it." The euro zone central bank's deliberations will be closely watched amid strong expectations that bank President Mario Draghi will announce a full-scale bond-purchasing program. |
Re: Forex Trading - Season 15 by raycolz84: 1:36pm On Jan 21, 2015 |
raycolz84: Atimes forex can be very deceptive, in this case both scenario played out, so wetin man go do, gj caught me in the upward move, and just when I was happy, the next thing na down down |
Re: Forex Trading - Season 15 by jamace(m): 1:41pm On Jan 21, 2015 |
iheanyiebeneze:I can not see indices on the platform. Please help. |
Re: Forex Trading - Season 15 by Nobody: 2:58pm On Jan 21, 2015 |
Which indices are you looking for? be specific pls |
Re: Forex Trading - Season 15 by Nobody: 3:04pm On Jan 21, 2015 |
raycolz84: That's what I call being sucked in |
Re: Forex Trading - Season 15 by Nobody: 3:30pm On Jan 21, 2015 |
naijababe: greetings madam. you seem to have left day job for full time trading again |
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