lets see what FOMC brings to the table

docus:
lets see what FOMC brings to the table

Lots by the look of things, if only I had not closed my GJ buy

Wow!

naijababe:


Lots by the look of things, if only I had not closed my GJ buy

U allow fundamental to deceive u

infofirst:

U allow fundamental to deceive u

Lol...........I was afraid ni because the signal I took was an intraday signal ni. Make I no complain, +50 pips is better than 0 or -30 But mehn, I for don chop 200 pips clean mouth with 30 pips sl now

DJIA has done a combined move of +500 pips today

naijababe:


Lots by the look of things, if only I had not closed my GJ buy

lol, me too if only i had not close my gold & silver buy. well dats fx for us

naijababe:
DJIA has done a combined move of +500 pips today

Madam pls can you share how you arrive at d support and resistance lines you use and how you use them. They are always gud at picking low risk trades. Thanks.

naijababe:


Lol...........I was afraid ni because the signal I took was an intraday signal ni. Make I no complain, +50 pips is better than 0 or -30 But mehn, I for don chop 200 pips clean mouth with 30 pips sl now

i think the bullish party has just started for GJ, it started with the pinbar in 1hr, next another pinbar formed in 4hr hours, and now daily has formed its own pinbar.... , i expect a pull back and a major bullish continuation......

Mehn.... they just released this hungry bulls o.

sojmann:
Wow!

Sir how do u draw your trend lines? If an indicator can you share it with us newbies? Thanks.

Capitals:


First tp in view, set second for BE. added a USDCAD sell. couldnt update earlier cos I have been busy with my regular job

First tphit on USDCAD, This plus the tp on eurgbp is +82, my first eurgbp loss was -120. I still have 2 trades going in eurgbp and UsdCad. if I can get an extra +40 I ll be back to BE on 368 and all floating trades will be pure profits. Observing...

naijababe:


Lol...........I was afraid ni because the signal I took was an intraday signal ni. Make I no complain, +50 pips is better than 0 or -30 But mehn, I for don chop 200 pips clean mouth with 30 pips sl now

I did make something from the eu but it pained me i closed earlier as well+173....it moved +200 extra, two weeks expectation done in a day.

Usernametaken:


Madam pls can you share how you arrive at d support and resistance lines you use and how you use them. They are always gud at picking low risk trades. Thanks.

Just normal support and resistance method of drawing lines ni, I tend to plot them on the 4h and take my trades on the 1h.

pinbar:

i think the bullish party has just started for GJ, it started with the pinbar in 1hr, next another pinbar formed in 4hr hours, and now daily has formed its own pinbar.... , i expect a pull back and a major bullish continuation

Not yet, the daily looks like it is going to be a high wave candle but who knows, I took the buy not on the hourly pin bar but the engulfing pattern. There's no pin bar on my own 4h more like another morning star.

Very soon, we will all start using 'ni.' When it starts i'll remind you I said it. Just like 'Nucca.' I remember somebody saying he is not seeing nucca on his platform? He also wanted to short the Nucca. Lol!
#Naijababe

naijababe:
£ crosses go hear am tomorrow.

Prophesy fullfilled FoMC always doing it QE things

pinbar:


i think the bullish party has just started for GJ, it started with the pinbar in 1hr, next another pinbar formed in 4hr hours, and now daily has formed its own pinbar.... , i expect a pull back and a major bullish continuation......

Mehn.... they just released this hungry bulls o.

I deduce that you may be correct. A 1000 pip party, which for me is a 40000 Dollar windfall up and another 40000 down if it hits that first tp. If all goes well that is. Fingers crossed.

TheShootist:
Very soon, we will all start using 'ni.' When it starts i'll remind you I said it. Just like 'Nucca.' I remember somebody saying he is not seeing nucca on his platform? He also wanted to short the Nucca. Lol!
#Naijababe

RED ALERT: Usdcad Bears are Knocking!

I did an analysis on 13th February on Usdcad after discovering a successful flat formation and a reasonable bearish candlestick formation. You can read http://forexsnipper..com/…/flat-formation-in-usdcad….

Usdcad went into some intraday triangle consolidation and I got myself following it hitherto.

The triangle consolidation was breaking upside in an intra day motive diagonal move with 1.2800 acting as a resistive barrier.

With another resistance at 1.3025 up for grasp and the FOMC announcement coming soon. It looked like a battle between these resistive levels...A resistive zone came to mind ( 1.2800-1.3205) especially when noting that 127% and 138.2% extension of wave1-3 from 4 of the C leg of the flat also fall within this zone.

With price forming a flat corrective pattern (with C let coming as a clear impulsive move) at 50% retracement of the bearish move between Jan 2002 and Nov 2007, a reversal trigger is needed whether technically or fundamentally.

With the FOMC at the corner and 1.2800 acting very strong and an expected flat correction for a fresh bearish move, I had to exit my buy to 1.3205 and watch how price react to the announcement before knowing the next destination
The FOMC was negative and price move sharply out of the intra day ending diagonals to start a move downward.

With all indications almost satisfied for a bearish move, Usdcad is expected to be on a bearish journey especially if this week candle is an engulfing one.

Follow up at www,forexsnipper..com and book mark it.
More analysis to come

elyte:
RED ALERT: Usdcad Bears are Knocking!

I did an analysis on 13th February on Usdcad after discovering a successful flat formation and a reasonable bearish candlestick formation. You can read http://forexsnipper..com/…/flat-formation-in-usdcad….

Usdcad went into some intraday triangle consolidation and I got myself following it hitherto.

The triangle consolidation was breaking upside in an intra day motive diagonal move with 1.2800 acting as a resistive barrier.

With another resistance at 1.3025 up for grasp and the FOMC announcement coming soon. It looked like a battle between these resistive levels...A resistive zone came to mind ( 1.2800-1.3205) especially when noting that 127% and 138.2% extension of wave1-3 from 4 of the C leg of the flat also fall within this zone.

With price forming a flat corrective pattern (with C let coming as a clear impulsive move) at 50% retracement of the bearish move between Jan 2002 and Nov 2007, a reversal trigger is needed whether technically or fundamentally.

With the FOMC at the corner and 1.2800 acting very strong and an expected flat correction for a fresh bearish move, I had to exit my buy to 1.3205 and watch how price react to the announcement before knowing the next destination
The FOMC was negative and price move sharply out of the intra day ending diagonals to start a move downward.

With all indications almost satisfied for a bearish move, Usdcad is expected to be on a bearish journey especially if this week candle is an engulfing one.

Follow up at www,forexsnipper..com and book mark it.
More analysis to come

This one na Forex commentary... no bi Alert ooo.. As I am reading it what comes to mind is FOOTBALL!! nothing spoil shaa.

it's an alert...not a trading signal...let me upload the analytical chart for you>>>you can follow my blog for more updates

dorodee:



This one na Forex commentary... no bi Alert ooo.. As I am reading it what comes to mind is FOOTBALL!! nothing spoil shaa.

#EURUSD

This market has for long crashed down. I am one of the people waiting for a turn. With the completion of the long term bearish correction, price is expected to move up. A trigger is needed and it seems we have now.



From the weekly chart I have below shows the wave analysis from the beginning of this millenium 2000till date, during which we have a five wave impulsive move followed by a zigzag corrective patter. The B leg of of this zigzag is a triangle formation. Triangles are known to usually precede the end of a run. Price broke out massively in a trendy impulsive move ( this can be seen clearly on the daily chart). The C leg of the zigzag completes a 100% extension of A leg from B leg which is a very typical fibonacci relationship in zigzag corrections. Price is expected to turn from here to 1.1800 resistance, 1.2600-1.3000 ( breakpoint retest of the triangle) and if the long term bullish trend resumes, price go higher and higher.

Always check www.forexsnipper..com for updates

Bought GJ, sl at 17900, tp 18500 if I don't see any reversal candles at or near any of the secondary zones along the way

Usernametaken:


Sir how do u draw your trend lines? If an indicator can you share it with us newbies? Thanks.

It's not an indicator
Just connect swing highs and swing lows

sojmann:

Careful with your chf trades,news release by 9:30am(major)

naijababe:
Bought GJ, sl at 17900, tp 18500 if I don't see any reversal candles at or near any of the secondary zones along the way

Sl hit.................the spirit of FOMO at play

natruetalk:



closed Eu trade +6 pip

patience pay, I closed my EU yesterday cos of d fomc. it was a good decision

after d fomc hyper settled, i re-enter toward my bias pre-fomc.

Most of d time in forex. tech prevail

Usernametaken:


Madam pls can you share how you arrive at d support and resistance lines you use and how you use them. They are always gud at picking low risk trades. Thanks.

one easy way to draw a support and resistance line is to use the line chart.then draw it on the high or low of the lines.this way, it eliminates the wicks shadow lines if drawn.many people makes the mistake of drawing the line at every wick shadows which is wrong.one way i draw mine is to use the line chart.this is just one of the simple secret many traders use to draw a good support and resistance line

Usernametaken:


Sir how do u draw your trend lines? If an indicator can you share it with us newbies? Thanks.

one easy way to draw a support and
resistance line is to use the line chart.then
draw it on the high or low of the lines.this
way, it eliminates the wicks shadow lines if
drawn.many people makes the mistake of
drawing the line at every wick shadows
which is wrong.one way i draw mine is to
use the line chart.this is just one of the
simple secret many traders use to draw a
good support and resistance line
and you would be surprised to find support and resistance where you think there was none if you had used the candle chart but after constant practice, you can use the candle chart to draw support and resistance confidently