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Re: Forex Trading - Season 15 by Nobody: 11:43am On Aug 24, 2015 |
Update!!! If this one hour candle closes with MFI(brown), exit this trade iheanyiebeneze: |
Re: Forex Trading - Season 15 by Capitals: 12:26pm On Aug 24, 2015 |
Shevychen2: My watch zone is kind of large, so been xtra cautious. would have preferred the first time up so I could place my stop at todays high on the retrace. initiated new positions on other pairs already so even if it sets up nicely, I most likely will pass or go in very light as I did with EURCAD. I ll rather just nuture my other new positions |
Re: Forex Trading - Season 15 by sexaddict08(m): 1:00pm On Aug 24, 2015 |
jorel1 , how often does this kind of move happens or how do I know the next one |
Re: Forex Trading - Season 15 by jorel1(m): 1:13pm On Aug 24, 2015 |
sexaddict08:you can see it happening on ur chart or currency strength meter. |
Re: Forex Trading - Season 15 by docus: 2:20pm On Aug 24, 2015 |
wow, y the market explosion? |
Re: Forex Trading - Season 15 by Capitals: 2:23pm On Aug 24, 2015 |
is this news or what, got very lucky here. 600pts in 5 mins? No be expertise ooo, this is the hand of God. I m off, I leave the rest for profesionals.
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Re: Forex Trading - Season 15 by Nobody: 2:27pm On Aug 24, 2015 |
This is for scalpers.please Technically speaking, 1Hour time frame,,RSI=14(86.23) EU is overbought now at 1.1666 , sell for a 30pips take profit. |
Re: Forex Trading - Season 15 by Shevychen2: 2:27pm On Aug 24, 2015 |
docus: Chinese market wahala spreading across the world.. Even apple stocks, dow etc receiveing heavy pounding. This is another lesson for anyone that doesn't trade with stop loss or uses obscene lot sizes. Also calling tops and bottoms requires exquisite skills to know when a pair is still going strong in a direction. GA just shot up over 500 pips in a few seconds. EA over 600. EN 1000+ Imagine holding it and waiting for it to come down.. Annoyingly my EJ trade had just a 130 pips TP or I will be smiling now..
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Re: Forex Trading - Season 15 by Shevychen2: 2:28pm On Aug 24, 2015 |
Capitals: Wow! Did you have a pending order? Congrats jare.. |
Re: Forex Trading - Season 15 by Nigeriatraining: 2:29pm On Aug 24, 2015 |
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Re: Forex Trading - Season 15 by Nobody: 2:30pm On Aug 24, 2015 |
sell GU at 1.58000 for a 50pips first take profit and 100pips second take profit.rrr=1;1 bring stop loss to BE as soon as first take profit is hit. |
Re: Forex Trading - Season 15 by mrikay: 2:44pm On Aug 24, 2015 |
Shevychen2: Congrats oh... Me too had a Eur/Nzd buy which was in Red since last week.... Suddenly CONJURED UP PROFIT... I take am clean mouth... Run for the rest of today! |
Re: Forex Trading - Season 15 by Nobody: 2:48pm On Aug 24, 2015 |
Bring stop loss to BE Alternatively, take 20pips now @ 1.1640 iheanyiebeneze: |
Re: Forex Trading - Season 15 by Nobody: 2:50pm On Aug 24, 2015 |
First take profit hit @1.1630. iheanyiebeneze: |
Re: Forex Trading - Season 15 by Capitals: 2:51pm On Aug 24, 2015 |
Shevychen2: Honestly bro, I have only God to thank for that, it was market order, happened way too fast, for me act out my plan. NZDcad however went as planned, had 600pts tp hit. I had posted the entry earlier. EURCAD lost, good thn it was light, USDCHF in red.
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Re: Forex Trading - Season 15 by jorel1(m): 2:53pm On Aug 24, 2015 |
#GBPNZD , 2 months range 1838 pips in less than 12 hrs. Buy the retrace |
Re: Forex Trading - Season 15 by Nobody: 3:04pm On Aug 24, 2015 |
1hour PinBar close of GU is an indication of reversal for at least 30pips. But to get maximum pips allow the current candle to carry Zigzag, you can start selling at that level. (1.5800) again and again. |
Re: Forex Trading - Season 15 by jorel1(m): 3:10pm On Aug 24, 2015 |
Ok, i think the party is over, will take few days for market or technicals to recover from the shake down. But a good time for reversal traders. Tops and bottoms |
Re: Forex Trading - Season 15 by Karlebolu(m): 3:12pm On Aug 24, 2015 |
@Capitals. Congrats sir! But they are actually called pips not points or pts. |
Re: Forex Trading - Season 15 by Nobody: 3:14pm On Aug 24, 2015 |
Thats why Forex trading is an interesting market. Anything that goes UP MUST COME DOWN. jorel1: |
Re: Forex Trading - Season 15 by jorel1(m): 3:22pm On Aug 24, 2015 |
iheanyiebeneze:becareful because market will make a revisit to those tops b4 finally going its preferred direction. |
Re: Forex Trading - Season 15 by raycolz84: 3:31pm On Aug 24, 2015 |
Lemme share a lil secret Anytime there is a spike Enter the opposite trade and quickly take profit Manually |
Re: Forex Trading - Season 15 by Sunnycliff(m): 3:36pm On Aug 24, 2015 |
GN has blown my heart off. What a Hell is this trade? |
Re: Forex Trading - Season 15 by datjohn(m): 3:37pm On Aug 24, 2015 |
raycolz84: Bros, u'd not know its a spike till its ova. Coz wen u enter as u've suggested, u might jst hav met it halfway b4 d spike opposite. |
Re: Forex Trading - Season 15 by raycolz84: 4:36pm On Aug 24, 2015 |
datjohn: From the daily candle you should know when it has started retracing |
Re: Forex Trading - Season 15 by raycolz84: 4:44pm On Aug 24, 2015 |
Na dis kian period I dey miss naija babe |
Re: Forex Trading - Season 15 by Edd1e(m): 4:50pm On Aug 24, 2015 |
Karlebolu:They Are Actually Called Points Or Pippetes On A 5-digits Broker. Pips=points/10. Kangani |
Re: Forex Trading - Season 15 by Edd1e(m): 4:55pm On Aug 24, 2015 |
Kai, If U R Caught On The Wrong Side Of The Market Today Without Stoploss, Well, We All Know What Happens To Those Who Stays In The Middle Of The Road.. |
Re: Forex Trading - Season 15 by jorel1(m): 5:02pm On Aug 24, 2015 |
Edd1e:why do u guys find the need to place too much importance on pips or points, are u preparing for some forex exam?? if one feels comfortable with the word pip or point, its his choice , moreover sound knowledge of forex vocabulary doesn't in any way affect trading account |
Re: Forex Trading - Season 15 by docus: 5:16pm On Aug 24, 2015 |
jorel1: true talk brother. we are all here for money not for theory. |
Re: Forex Trading - Season 15 by Edd1e(m): 5:25pm On Aug 24, 2015 |
jorel1:Careful Man, He Was Wrong And I Was Only Tryin To Correct Him, Points/Pips Are Nt Vocabularies And Are Noteworthy To Know In Fx, Afterall, We Are All Here To Learn, And Next Time, Learn To Mind Ur Own Business. Peace |
Re: Forex Trading - Season 15 by raycolz84: 5:29pm On Aug 24, 2015 |
Edd1e: Few trades plus small lot size Even if market moves 700pips against you You are still good |
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