shorty44:
No it's not. But it's a DEMO ACCT

Lol. Alright

wiconse:
how does one get to know so much about forex babypips helps but not much.....i have a friend who knows about forex, but he said he is with iml services and i hve to pay the compulsory 217 dollars. all am asking is who can help know and understand forex to a particular point tnx

most of us use babypips,ally ou need is babypips and hardwork,babypips is not just a book.....

I learnt the basics from friends(well for me I never paid to LEARN, dow sum pple do n MAY still benefit)...but me, after d basics, online resources thought me the rest n I also thought myself by studying d chart whenever I got d chance to...Also google is ya friend trust moi. YouTube is ya friend too. But it's not a 1 day thing neither is it a month thing even 4 me wasn't a year thing cos I was on n off n as a matter of fact am still learning sed...cos we learn everyday oh. But with time tins will fall in place little by little......

wiconse:
how does one get to know so much about forex babypips helps but not much.....i have a friend who knows about forex, but he said he is with iml services and i hve to pay the compulsory 217 dollars. all am asking is who can help know and understand forex to a particular point tnx

Good day gurus in the house.

Please can a swing trader help me analyze EURGBP and GBPCHF. I currently took a buy trade on EURGBP and a sell on GBPCHF. Presently the both pairs are going against my analysis and am in a huge loss but they are yet to hit my stop-loss. Am considering closing both trades with the the present loss or leave them maybe they will change direction and start going my way on Sunday night.
Pls i need a swing trader to tell me if there is any possibility for EURGBP to start going long and GBPCHF to start going short when the market opens on Sunday

collitexnaira:
Good day gurus in the house.

Please can a swing trader help me analyze EURGBP and GBPCHF. I currently took a buy trade on EURGBP and a sell on GBPCHF. Presently the both pairs are going against my analysis and am in a huge loss but they are yet to hit my stop-loss. Am considering closing both trades with the the present loss or leave them maybe they will change direction and start going my way on Sunday night.
Pls i need a swing trader to tell me if there is any possibility for EURGBP to start going long and GBPCHF to start going short when the market opens on Sunday

EURGBP buy and a sell on GBCHF.. I'd say, closing both trades depends on the spot where you bought/sold them.
Based on the chart im posting on GBPCHF, if you sold from the area highlighted in blue, you might hold a bit to see what happens.
The area in blue will determine what happens next.
The yellow arrow shows what price might do. Also, you can see the flag pattern on the daily chart.
If you the blue area is broken, then its a confirmed flag patter and price will shoot to the sky but if it doesnt, then price in falling to the South.

For both trades, keep an eye on GBPUSD. GBPCHF will go in the direction of GBPUSD while EURGBP will go in the opposite direction of GBPUSD.
Posting EURGBP chart later.

collitexnaira:
Good day gurus in the house.

Please can a swing trader help me analyze EURGBP and GBPCHF. I currently took a buy trade on EURGBP and a sell on GBPCHF. Presently the both pairs are going against my analysis and am in a huge loss but they are yet to hit my stop-loss. Am considering closing both trades with the the present loss or leave them maybe they will change direction and start going my way on Sunday night.
Pls i need a swing trader to tell me if there is any possibility for EURGBP to start going long and GBPCHF to start going short when the market opens on Sunday

You have a buy on EURGBP.
I got same buy signal when price broke the small descending yellow trendline, the reason I didnt buy is because price broke out from the gray box and is consolidating on the blue box. What your see there is a break out from the gray box and a retest. Also, when you check the gray box area in your weekly chart, it shows a strong rejection against price going up.
What i think may happen is, price will consolidate further on the blue box to determine whether it will go further down or up.
For me to buy it, price will actively break the green trendline with a close watch on GBPUSD.

bigbasho:

Only a true trader will teach you how to catch fish. You are indeed one in a milla. Thank you always pal.

Boss man, how are you doing? trust you are doing great. Get in touch when you can.

kenostika:
Nigerians pls stop embarrassing us on forexfactory.The complain is too much.

You can't take that ignorant dude serious.

alphaNomega:


If that poster is Davit, then it is not an embarrassment.

The guy is as useless as they come

You got that right Brother.

wiconse:
how does one get to know so much about forex babypips helps but not much.....i have a friend who knows about forex, but he said he is with iml services and i hve to pay the compulsory 217 dollars. all am asking is who can help know and understand forex to a particular point tnx

If you've gone through babypips already, go to FF and pick a system to demo trade, a system that works for you.

collitexnaira:
Good day gurus in the house.

Please can a swing trader help me analyze EURGBP and GBPCHF. I currently took a buy trade on EURGBP and a sell on GBPCHF. Presently the both pairs are going against my analysis and am in a huge loss but they are yet to hit my stop-loss. Am considering closing both trades with the the present loss or leave them maybe they will change direction and start going my way on Sunday night.
Pls i need a swing trader to tell me if there is any possibility for EURGBP to start going long and GBPCHF to start going short when the market opens on Sunday

Are you trading live?

wiconse:
how does one get to know so much about forex babypips helps but not much.....i have a friend who knows about forex, but he said he is with iml services and i hve to pay the compulsory 217 dollars. all am asking is who can help know and understand forex to a particular point tnx

Don't pay for it, you can get all that info online for free.

I open a zero-ecn on FXTM account recently which am planning to fund on Monday with required minimum deposit of #20,000 naira.

But my question is.. Will my #20,000 be converted to dollars equivalent for trading purposes.,or I will have to trade in naira.??

Because I do trade in dollars when practicing on demo account on MT4 mobile platform.

PIPnator:


EURGBP buy and a sell on GBCHF.. I'd say, closing both trades depends on the spot where you bought/sold them.
Based on the chart im posting on GBPCHF, if you sold from the area highlighted in blue, you might hold a bit to see what happens.
The area in blue will determine what happens next.
The yellow arrow shows what price might do. Also, you can see the flag pattern on the daily chart.
If you the blue area is broken, then its a confirmed flag patter and price will shoot to the sky but if it doesnt, then price in falling to the South.

For both trades, keep an eye on GBPUSD. GBPCHF will go in the direction of GBPUSD while EURGBP will go in the opposite direction of GBPUSD.
Posting EURGBP chart later.

Thanks for your input bro

redsox11:



Are you trading live?

Yes am trading live

tabtabtab:
I open a zero-ecn on FXTM account recently which am planning to fund on Monday with required minimum deposit of #20,000 naira.

But my question is.. Will my #20,000 be converted to dollars equivalent for trading purposes.,or I will have to trade in naira.??

Because I do trade in dollars when practicing on demo account on MT4 mobile platform.

Fxtm provides both naira n dollar account.. So check which type of account u created

PIPnator:


EURGBP buy and a sell on GBCHF.. I'd say, closing both trades depends on the spot where you bought/sold them.
Based on the chart im posting on GBPCHF, if you sold from the area highlighted in blue, you might hold a bit to see what happens.
The area in blue will determine what happens next.
The yellow arrow shows what price might do. Also, you can see the flag pattern on the daily chart.
If you the blue area is broken, then its a confirmed flag patter and price will shoot to the sky but if it doesnt, then price in falling to the South.

For both trades, keep an eye on GBPUSD. GBPCHF will go in the direction of GBPUSD while EURGBP will go in the opposite direction of GBPUSD.
Posting EURGBP chart later.

GBPCHF is on a Resistance level. Don't you think that Resistance level will hold the flag pattern from going further up

collitexnaira:


GBPCHF is on a Resistance level. Don't you think that Resistance level will hold the flag pattern from going further up

Yes its on resistance. Thats the zone with blue highlight.
In fact all GBP pairs are on resistance right now. See GBPUSD chart im posting too.
I dont think anyone can tell whether it will break or not. There is not confirmation yet.
Rather the best approach to it is, to be open minded.
That is, believe it wouldnt break but at the back of your mind, have it in your mind that it can break and also have plans for that when it break.
Thats the reason when I post charts here, i put arrows of different direction price might go.

As for that GBPCHF, I actually sold it with you for about 70pips but I closed once price touched the trendline of flag. You can see it on the chart.
However, at the moment there is just one confirmation that price might go down (price broke the small yellow ascending trendline) but its not enough to sell yet. You need more confmation. Here confirmation to sell will be a couple of rejection candles on say 2hrs/4hours candles.

Gurus in the house, can you help me look at the trade I analyzed .Am a bit confused on uj, it's been ranging for a while now. But if it's break out of the small triangle downward, it's a sell to the demand zone and if it's upward then it have to break the zone or it retraces back down.

Help with this to see if there is any corrections, I just started learning the technical analysis.

seyiade26:
A bit of a variation on Sir Redsox11's terrific methods. I realized today (by eye check not trading failure) that I still have some way to go to fully do this.

Kindly ignore the upper trade here. It was a slip of hand. And sorry my promise of a different method has not been fulfilled.

I hardly trade much currently. I mostly watch, backtest and improve. I will try later...

Please what type of broker app are you using and is the broker better than fxtm? I want a better broker.

sholey4love:


Please what type of broker app are you using and is the broker better than fxtm? I want a better broker.

It's mt5 mobile app I use for my XM accounts. I also have fxpro accounts for which I use mt4.

Maybe they are not the best brokers but much better spread (and I think swap also) than fxtm.

Fxpro looks solid and reliable while xm has good presence in reputable forums like FF and obviously allow you to play with little sums...

Happy Sunday to everyone and good luck this week...

seyiade26:


It's mt5 mobile app I use for my XM accounts. I also have fxpro accounts for which I use mt4.

Maybe they are not the best brokers but much better spread (and I think swap also) than fxtm.

Fxpro looks solid and reliable while xm has good presence in reputable forums like FF and obviously allow you to play with little sums...

Happy Sunday to everyone and good luck this week...

Thanks, I will try the fxpro. Have you started live trading on fxpro?

sholey4love:


Thanks, I will try the fxpro. Have you started live trading on fxpro?

That's the account I blew last year bro/sis. Cheers

seyiade26:


That's the account I blew last year bro/sis. Cheers

I really hope not to discourage anyone with this. Just to advise to be careful and humble with the market. And especially to try find an edge if you want to benefit from this long term...

Always use SL even if you know what your doing and diversifying and following the longest term trends and using low lot sizes...

Sell GbpNzd now at 1.9030 and EurNzd now at 1.6524 and pocket 300 pips at least by Thursday

sholey4love:


Thanks, I will try the fxpro. Have you started live trading on fxpro?

They always honor withdrawals promptly. So far, I havent read anywhere online where they failed to honor withdrawal.
But mehn, when it comes to spread widening, they will make you doubt your sanity.
I tell you, when it comes to spreads at market open/close, news release..mehn you dont want to go there with them!
I have seen as much as over 100pips spread with them! Crazy lot! Hope i didnt discourage you if your desire is to go with them.
I only shared personal experience. You can imagine, there normal spread on UJ is about 2.5 while others are less than 1.
Good luck.

PIPnator:


You can imagine, there normal spread on UJ is about 2.5 while others are less than 1.
Good luck.

Sorry but I don't agree with this. I use fxpro demo for most of my backtest in (mt4 pc) and uj has arguably the next lowest spread after eu (mostly 18 and under)...

Screenshot from my phone just now...

Phone screenshot just now

seyiade26:


Sorry but I don't agree with this. I use fxpro demo for most of my backtest in (mt4 pc) and uj has arguably the next lowest spread after eu (mostly 18 and under)...

Cool. Check their live account and let me know.
Most probably they have reduced it because there was so much outcry online regarding there spread.
They gradually started introducing different types of account including fixed spread and the rest. Even with that, their fixed spread account was 1.8 at asia open and 1.4 at London open. I remember it vividly. They have different types of account and the one I used particularly has its default spread on UJ at between 2 and 2.5. Thats one of the reasons I decided to look else where because then I was experimenting with scalping just UJ.
I remember too, in their early days of glory, you can only trade 0.1 lot with them. Gradually they introduced 0.01
They were the first I ever used and I used them for a way too looonnnngggg before I decided to switch.
Like I wrote earlier, they are good with withdrawal and promptly too. If you use ewallet, you will get your fund in hours.
If you chat there customer guys immediately you push for withdrawal, you might get it in minutes.
Need I say more..?

seyiade26:
Screenshot from my phone just now...

You think spread of 1.4 is cool onUJ?
Here is 0.4 (commission) and less then 1 (mostly 0.8 ) with same broker.



Oh my its monday!

PIPnator:


You think spread of 1.4 is cool onUJ?
Here is 0.4 (commission) and less then 1 (mostly 0.8 ) with same broker.



Oh my its monday!

You asserted 25 but there is a big difference between 25 and much under 20 (which is what I get most of the time on UJ). That was the whole point in my response.

I never said they were the coolest but they certainly give you much better chances than fxtm. I don't try to scalp so under 20 really cool for me if I can get my strategy right...

Cheers boss ...

And it would also be really nice to know brokers that allow Nigerians and have min deposit amount like that of fxpro or less who have better spreads than they do...

seyiade26:


You asserted 25 but there is a big difference between 25 and much under 20 (which is what I get most of the time on UJ). That was the whole point in my response.

I never said they were the coolest but they certainly give you much better chances than fxtm. I don't try to scalp so under 20 really cool for me if I can get my strategy right...

Cheers boss ...

Im cool bro..
When you check my first post regarding this issue, my fuss with them is the spread at market open/close and news release.
I tried to point it out to the fellow above so he is aware if he decides to go with them. I equally pointed out their good sides too.
Overly we are here for the good of each other. Its all objective.
No hard feelings. Cheers too and a pipful week ahead for us all.

EURUSD..
Not a trade recommendation.
Likely to break the small resistance and head to the descending trendline and then starts making a big downward movement.