₦airaland Forum

How far? Still in the trade??

EmmanuelD1st:
Nice!!! are you still in your EURCAD sell? My TP is ur entry...what do you think this pair is headed? cause I think it'll go way past ur entry

Fundamental events like BREXIT are event not to be taken lightly, there is always a bias prior to the event, work with it. @prettyboey I used to be like you, I was profitable, the moment I started paying attention to news feeds that was when I began to have drawdown almost to the point of a margin call, then I resolved to work with the action of price and since I recovered from stress and drawdown with profits. When fundamental data is released, you can only be wrong once if the data released is against your trade...I now pay attention to fundamentals concerning interest rate.

jorel1:
How far? Still in the trade??

I am still in the trade oo...it is tempting me to buy again...I'll just let this one run...will manually close the trade by 8pm is it fails to it TP or BE

Errrrr... Where is GBP/JPY and USD/CAD currently pointing?
Anyone?

MY SUGESTIONS

priceaction:
Everybody should be very careful on many pairs from tomorrow especially GBP pairs because of next week Thursday voting. It is a well-known rule in fx that markets dislike uncertainty. The June 23 referendum whether or not Britain should remain in the European Union, represents a major risk event in itself. My candid advice is that you should reduce your lots and risk reward in every trade . This is the time brokers wipe account off. Last years chf pairs still on our minds that bankrupt many brokers and traders wc many pairs jump over 1500pips in few minutes and jumped pass majority of stop losses and wiped majority of open trades in that event.

I am saying this because many traders here are on higher time frame. If you can stay off markets from probably Friday and watch events on demo trading, the better. Don't trade blindly. Expect many retracements and uncertainty .Just be safe. One of my brokers have started the show already warning me to have enough fund to maintain my positions from weekend because they will force reduce leverage any moment from now because of uncertainty. Be wise. Better to trade a day after that events for correlation. Cheers.

YOUR REPLY

prettyboey:
Markets is always all about uncertainties , you just have to find a way of trading its chaotic nature..

HOPE YOU HAVE LEARNT A LITTLE BIT OF LESSONS. FOR NOW, I THINK THE BEST THING TO DO IS TOTALLY REDUCE LOT SIZE IF YOU ARE COMPLEL TO TRADE YOUR SIGNALS.
I LEFT MY GBPUSD BUY YESTERDAY AND MY LAPTOP WAS DOWN, I COULDNT CLOSE IT, I RAN INTO LOSS ALSO. FX IS CHAOTIC IN NATURE. I AM BEGINING TO STUDY AND LEAVE FX FOR A SINGLE INDICIES PAIR, WHICH IS GER30. THANKS TO JOREL1 AND JLINE. IT IS MORE PROFITABLE AND PRIDICTABLE THAN SPOT FX THOUGH HIGHER MARGIN. IT IS MAKING SENSE SINCE YESTERDAY.

Awwwwwww too sad
It seems my post had been misunderstood by most readers.
I am really sorry that I dint choose the right words to express
what I really wanted to put across . I am really sorry ( in Akon's voice).

I think the more i want to explain my post, the more others misunderstand me
so I guess the best for me is to

_{Ghost Mode Activated}

^^

prettyboey:
Awwwwwww too sad
It seems my post had been misunderstood by most readers.
I am really sorry that I dint choose the right words to express
what I really wanted to put across . I am really sorry ( in Akon's voice).
I think the more i want to explain my post, the more others misunderstand me
so I guess the best for me is to
_{Ghost Mode Activated}

no brother,,,,,,they only want to score point on your matter

meanwhile check your EUR.NZD if your system support sell then take the trade to recover back part of your loss currentprice now is 1.5974

Capitals:
Buying the pound,

Letting go of the GBPCHF buy now (+120pts) because I don't understand what my broker means by

"Further to this, we would like to inform you, that the weekend market opening (20th of June 2016), of GBP pairs might be delayed until spreads and market depth is at an adequate level."

Better safe than sorry .

As for USDCAD I just observe from one side. After 2 tp hit anyway if not I may have been sweating by now

Closing the following trades

EURCAD 260 pips
USDCAD 230 pips
EURNZD 451 pips
GBPUSD 202 pips
EURGBP 194 pips
EURAUD 172 pips
GBPNZD NEGATIVE 124 pips
GBPAUD NEGATIVE 104 pips

leaving the following trades running over next week depending on market condition , buyers seems to have eaten some liver
GBPAUD 1382 pips
GBPCHF 1288 pips
GBPJPY 606 pips

Removing all stop losses

jorel1:
Closing the following trades

EURCAD 260 pips
USDCAD 230 pips
EURNZD 451 pips
GBPUSD 202 pips
EURGBP 194 pips
EURAUD 172 pips
GBPNZD NEGATIVE 124 pips
GBPAUD NEGATIVE 104 pips

leaving the following trades running over next week depending on market condition , buyers seems to have eaten some liver
GBPAUD 1382 pips
GBPCHF 1288 pips
GBPJPY 606 pips

Removing all stop losses

hmm I feel you. I trade lowest daily tf. and it seems you do so too. but I trade one pair at a time.

I don't have the mind yet to trade 2 at a time not to talk of 5, 6 or 10. what's your philosophy about your trading style.

teach me

NZDCAD buy @0.9099 sl:90 pips

what are you guys buying and selling...everything is just vague...

Samanthapie:
what are you guys buying and selling...everything is just vague...

na money oooooo

jorel1:
Closing the following trades

EURCAD 260 pips
USDCAD 230 pips
EURNZD 451 pips
GBPUSD 202 pips
EURGBP 194 pips
EURAUD 172 pips
GBPNZD NEGATIVE 124 pips
GBPAUD NEGATIVE 104 pips

leaving the following trades running over next week depending on market condition , buyers seems to have eaten some liver
GBPAUD 1382 pips
GBPCHF 1288 pips
GBPJPY 606 pips

Removing all stop losses

Teach me too boss.

^^^

Samanthapie:
what are you guys buying and selling...everything is just vague...

samantha they are trading different currencies

Seasonal markets ,
http://www.investopedia.com/articles/optioninvestor/08/corn-futures-market-seasons.asp
http://www.nasdaq.com/article/this-easy-corn-trade-could-return-38-by-harvest-season-cm273252

jorel1:
Closing the following trades

EURCAD 260 pips
USDCAD 230 pips
EURNZD 451 pips
GBPUSD 202 pips
EURGBP 194 pips
EURAUD 172 pips
GBPNZD NEGATIVE 124 pips
GBPAUD NEGATIVE 104 pips

leaving the following trades running over next week depending on market condition , buyers seems to have eaten some liver
GBPAUD 1382 pips
GBPCHF 1288 pips
GBPJPY 606 pips

Removing all stop losses

You can't do this with live account. Believe me when I say so Execpt on micro & nano accounts

Owliver:
hmm I feel you. I trade lowest daily tf. and it seems you do so too. but I trade one pair at a time.

I don't have the mind yet to trade 2 at a time not to talk of 5, 6 or 10. what's your philosophy about your trading style.

teach me

Karlebolu:
Teach me too boss.

harizonal123:
You can't do this with live account. Believe me when I say so Execpt on micro & nano accounts

Actually, all the trades you see here including the USDJPY i closed on thursday with 1100 pips , I gave all the calls here in phases. I dont know, but the signals were just there and too sweet and I just had to take them..

I always advocate for traders to not open more than 2 or 3 trades at a time and I sticked with this rule despite what you see here , The first trade was in more than 100 pips before entering another trade , when all two were in reasonable positive pips then I saw new signals which I took , If I remember right I got about 3 or 4 signals each week and I didn't even know how I got to 18 open positions today
I never used a stop loss for initiating trades, I only close manually when i dont like what i see and because I know market wouldn't move more than x pips within a day , at least rarely.
One major reason this was made possible is because of the fact GBP was losing strength across board creating a one way momentum. ( its a risk aversion sentiment ).but dont try this on a normal market condition when currencies strength correlation isn't clear since the strength of one currency driving a pair north could be a hindrance to the south movement of another pair containing that currency.

These were very easy trades, micro account , nano account or standard account all is the same depending on how you manipulate your position sizing in proportion. I dont even know why people pay too much attention to the kind of account , this is irrelevant, the most important thing is to make money with the account that suits you.. or is there some ego or pride to trading a particular kind of account.. The truth is that I dont even know what kind of account I have I just know I need x$ per pip and thats all.
unlike stocks , the secrets to making it in FOREX is when you win , try to win big so that when you lose it wont matter much ... there is no other way else you are only trading a merrygo round , you win and give back .

You can open your Forex factory calendar to see the most relevant news capable of moving the market that month and just capitalize on that currency and wait patiently like a lion when the signal comes in within the month you take the opportunity and sell or buy the rumor until the news day.

jorel1:
Actually, all the trades you see here including the USDJPY i closed on thursday with 1100 pips , I gave all the calls here in phases. I dont know, but the signals were just there and too sweet and I just had to take them..

I always advocate for traders to not open more than 2 or 3 trades at a time and I sticked with this rule despite what you see here , The first trade was in more than 100 pips before entering another trade , when all two were in reasonable positive pips then I saw new signals which I took , If I remember right I got about 3 or 4 signals each week and I didn't even know how I got to 18 open positions today
I never used a stop loss for initiating trades, I only close manually when i dont like what i see and because I know market wouldn't move more than x pips within a day , at least rarely.
One major reason this was made possible is because of the fact GBP was losing strength across board creating a one way momentum. ( its a risk aversion sentiment ).but dont try this on a normal market condition when currencies strength correlation isn't clear since the strength of one currency driving a pair north could be a hindrance to the south movement of another pair containing that currency.

These were very easy trades, micro account , nano account or standard account all is the same depending on how you manipulate your position sizing in proportion. I dont even know why people pay too much attention to the kind of account , this is irrelevant, the most important thing is to make money with the account that suits you.. or is there some ego or pride to trading a particular kind of account.. The truth is that I dont even know what kind of account I have I just know I need x$ per pip and thats all.
unlike stocks , the secrets to making it in FOREX is when you win , try to win big so that when you lose it wont matter much ... there is no other way else you are only trading a merrygo round , you win and give back .

You can open your Forex factory calendar to see the most relevant news capable of moving the market that month and just capitalize on that currency and wait patiently like a lion when the signal comes in within the month you take the opportunity and sell or buy the rumor until the news day.

that's a good one I must confess. personally I don't even consider news except for bigger ones like Brexit or nfp. thanks for your heads up.

jorel1:
Closing the following trades

EURCAD 260 pips
USDCAD 230 pips
EURNZD 451 pips
GBPUSD 202 pips
EURGBP 194 pips
EURAUD 172 pips
GBPNZD NEGATIVE 124 pips
GBPAUD NEGATIVE 104 pips

leaving the following trades running over next week depending on market condition , buyers seems to have eaten some liver
GBPAUD 1382 pips
GBPCHF 1288 pips
GBPJPY 606 pips

Removing all stop losses

and me too boss

The Pound is Rising because U.K. Suspended Campaigns on EU Vote due to death of its MP advocator to remain in EU who was shot....
GBP has been reacting to BREXIT related news and event lately... once the campaign resumes and there is an online poll about BREXIT leave camp leading only IF , expect to see sellers come back with a bang...The online opinion poll result next week is very crucial to the market.

Sup guys,lots happened but first of all...britain aren't leaving any euro,its a 21st century scam.
well,lets walk through the pages of roads its gonna be...if britian should leave euro,it will cause a weakness which will lead to france,germany and other formidable countries in euro to leave too which will leave the other weaker countries in euro to be prone to attacks without a protection somehow,this series of events will lead to only one way which will be the world going back to the primitive ages of countries self independence and domination of countries by those who are more powerful or sort. in other to avoid this many stuffs and the doom of some countries some natural and super-imposed events will have to start occuring in other to avoid the first stated scenario (this doesn't seem logical or anything) but believe me everything is going to be back to normal and on that voting day which is now maybe postponed because of mp assassination now the citizens are more emotional and according to the last survey by phone stay has gone up wildly against the leave side but the online poll says other wise.
i am not in any trades apart from my love pairs,will be watching but all gbp pairs seems to be sitting on bullish gun powder.
I don't care as long it doesn't have a thing to do with me i guess we have a lot to deal with here in 9ja,so lets see what their decisions will be like.
see pics below...

O boy see Gap. Over 200pips gap for GJ........

a man said to me 'buy eurchf and leave it for the long term.'

Bought USDCHF @0.9594 SL:0.9560
Sold AUDJPY @77.79 SL:78.70
Sold CHFJPY @109.07 SL:110.30

Last week EURCAD and NZDCAD trades still in play.

Good morning my Pipu,

How was your weekend? mine was beautiful, it awesome coming back here to slash pips.

Alright, its time to look at USD/CAD, been tracking it for a while an I guess its time to zero in for the kill

Happy Slashing

Soon retiring to only the following
1. Commodity - Gold,
2. Share Index - emini S&P500 ,
3. Forex - GBPJPY

Too old for these games with curencies

jorel1:
Soon retiring to only the following
1. Commodity - Gold,
2. Share Index - emini S&P500 ,
3. Forex - GBPJPY

Too old for these games with curencies

As for dat GOLD, the SELL is due on 4 HOUR chart but 1 Hour still signaling it for a temporary buy for now it may try to cover that Gap and the sell it made since market open till the break of today

adeyinkabasir:
As for dat GOLD, the SELL is due on 4 HOUR chart but 1 Hour still signaling it for a temporary buy for now it may try to cover that Gap and the sell it made since market open till the break of today

I see gold follows trendline a lot , and based on this daily TF that bullish channel has been breached , what we have there now is an inside out setup which was supposed to be a retest of the line but got overshot. the bearish price rejection is a good confirmation for a sell ..

jorel1:
I see gold follows trendline a lot , and based on this daily TF that bullish channel has been breached , what we have there now is an inside out setup which was supposed to be a retest of the line but got overshot. the bearish price rejection is a good confirmation for a sell ..

Nice....but just from my observation here....i think it will do a temporary BUY for now before it sells eventually massively

Meanwhile i just SOLD GBPJPY @152.57 SL@ 152.96