PJAMES1:
EURNZD.
If this setup is right and you can find an entry.. Maybe we can ride this down together.
Note that the invalidation level for the set up is above the candle (that doji after the bullish candle, the middle candle) the arrow at the top is pointing to. Stop loss should be around there.
Note that even if the setup is valid, it will take weeks. But it's how I have been learning to trade. I am very patient.
The lower arrow is the first target. Yes, I think it will break that support and go further south. But one step at a time.
Another place to find an entry is around the green line. One could watch for daily or 4 hour rejections from the green line.
Best bet is if there is an upward movement to make entry more favorable.

Ps: Before you start looking to use this setup, please note that the stop loss is in the range of 200 pips. We have different trading styles. I do medium to long term trades. If you noticed, I hardly post below 4 hour charts. It's what works for me.

I'd rather wait for the moving average to be breached before joining the downtrend

alphaNomega:


I'd rather wait for the moving average to be breached before joining the downtrend

Hmmm. I understand.
It's just that the stop loss would be wider. I entered as close to the invalidation area as I could. Yet my stop loss is already about 200 pips. The thing is I have enough technical confluences to sell. I just needed a good entry. And that's as close to the invalidation area that I could catch.
If you check the 4 hour timeframe.. The price is already below the same setting of moving average and there seems to be head and shoulders..
Invalidation level is above the head. I don't want to see price going above that at all.
Maybe break of the neckline (green line) will allow the daily price to also fall below the moving average.
Altogether, let us see what happens.

PJAMES1:


Hmmm. I understand.
It's just that the stop loss would be wider. I entered as close to the invalidation area as I could. Yet my stop loss is already about 200 pips. The thing is I have enough technical confluences to sell. I just needed a good entry. And that's as close to the invalidation area that I could catch.
If you check the 4 hour timeframe.. The price is already below the same setting of moving average and there seems to be head and shoulders..
Invalidation level is above the head. I don't want to see price going above that at all.
Maybe break of the neckline (green line) will allow the daily price to also fall below the moving average.
Altogether, let us see what happens.

Your approach is awesome. Keep it up bro. I love the fact that you are patient. One of difficult attribute to have in the market. And when do you plan to go live? You appeared to be more than ripe to do that.

The eurnzd is already good to sell. I remembered @femora007 sighting and calling the sell some days before now.

@incredibleace How are you doing sir?

infofirst:

I sent mishael request too. @ishow2005.
@redsox11. I need play one game with you o. But that 10mins too long. Let's do 3mins. Speed is part of the game.

He's a very good player. I struggled to manage a draw (I'm the black).

redsox11:
@incredibleace How are you doing sir?



He's a very good player. I struggled to manage a draw (I'm the black).

How i wished I can play chess, chess players have very high tendencies to be a top and good traders.

infofirst:


I sent mishael request too. @ishow2005.

@redsox11. I need play one game with you o. But that 10mins too long. Let's do 3mins. Speed is part of the game.

I've accepted the friend request.

Thanks.

redsox11:
@incredibleace How are you doing sir?



He's a very good player. I struggled to manage a draw (I'm the black).

The man is just being modest. he beat me silly in the first game.

I would have also lost the second game on time but I managed to force a perpetual check draw.

Welcome to a new week. More green pips in your act balance.

My USDCAD sell trade from last week continues.

redsox11:
@incredibleace How are you doing sir?



He's a very good player. I struggled to manage a draw (I'm the black).

I'm fine Sir. long time. I can see that you are killing the market.

PJAMES1:


Hmmm. I understand.
It's just that the stop loss would be wider. I entered as close to the invalidation area as I could. Yet my stop loss is already about 200 pips. The thing is I have enough technical confluences to sell. I just needed a good entry. And that's as close to the invalidation area that I could catch.
If you check the 4 hour timeframe.. The price is already below the same setting of moving average and there seems to be head and shoulders..
Invalidation level is above the head. I don't want to see price going above that at all.
Maybe break of the neckline (green line) will allow the daily price to also fall below the moving average.
Altogether, let us see what happens.

BUY EURNZD until 1.7190 region but watch 1.7130 for a probable rejection

meshpips:


The man is just being modest. he beat me silly in the first game.

I would have also lost the second game on time but I managed to force a perpetual check draw.

Oya come @redsox11 .let me test myself.

Will be buying GJ after a bullish daily candle close

Otenzy:

Thanks bruh.
I wish you good fortunes?

How has the journey been so far?

Which broker did you use

infofirst:


I sent mishael request too. @ishow2005.

@redsox11. I need play one game with you o. But that 10mins too long. Let's do 3mins. Speed is part of the game.

You people should not leave me behind abeg. Ahn Ahn Chess ke? Me that my second name is chess. I once represented my department back then on campus. I came second place Mad Chess players everywhere

I hope I haven't gotten rusty though. It's been very long since I played. It's very very difficult finding chess players around here. Anyone you ask doesn't know how to play.

I'll add you up now boss. Let me know whenever you're ready. Redsox11 too (what's your username there?)

Let me see if I'm still deadly with my Queen's Gambit

infofirst:


Your approach is awesome. Keep it up bro. I love the fact that you are patient. One of difficult attribute to have in the market. And when do you plan to go live? You appeared to be more than ripe to do that.

The eurnzd is already good to sell. I remembered @femora007 sighting and calling the sell some days before now.

Thank you very much.
Four months time.
The time is based on when I think I will be able to set aside enough capital. Something significant and yet won't cause any disruption in my life if I lose it. .

Gold buy made my day..

ayesco202:
Gold buy made my day..

Gold has been outperforming every other pairs. The bullish movement between Friday and today was massive.

Please what broker can I use for demo account $100.

dunsin125:
Please what broker can I use for demo account $100.

FXTM

alphaNomega:
Hey everyone, here's another trade idea for USDCAD.

I don't have much to say, X marks the spot!

Follow your trade plan and money management.

Update: We are already 82 pips down from yesterday. You might want to get off now or continue till you reach the lower boarder of the channel. I won't be trading USDCAD until Friday afternoon (NFP)

Bye

Gold bullish momentum is just almost about to resume after a small retracement. Hs150 and Brent downward sentiment persist. USD looking weak against all other majors. Euro, GBP and JPY and NZD.

PJAMES1:


FXTM

Thanks brother

maryjames9:
Gold bullish momentum is just almost about to resume after a small retracement. Hs150 and Brent downward sentiment persist. USD looking weak against all other majors. Euro, GBP and JPY and NZD.

I think the same too. USD looking weak. Even long term.

PJAMES1:


I think the same too. USD looking weak. Even long term.

Long term, I think USD is not done. Just retracement. Watch out for massive USD bull for the month. Probably to crown the many months of USD strength before now . GBP looks like it will be the sacrificial lamb for the month. Time will time.

infofirst:


Long term, I think USD is not done. Just retracement. Watch out for massive USD bull for the month. Probably to crown the many months of USD strength before now . GBP looks like it will be the sacrificial lamb for the month. Time will time.

Hmmm.
Alright. Will be watchful and careful with my USD trades then. Thank you.
Time will tell.

Please who have books from which I can learn forex especially the technical analysis, in pdf form.

dunsin125:
Please who have books from which I can learn forex especially the technical analysis, in pdf form.

Hit me up.
Let me share some quality books with you.
I want to be part of your success story.

Please, it is totally FREE.
Note: I may not be able to send them till later today, as i am away from my PC.

Same applicable to everyone who wants same.

My usdcad sell trade now closed in good profit.

BUY USDCAD @ 1.34300

SayDeeJay:


Hit me up.
Let me share some quality books with you.
I want to be part of your success story.

Please, it is totally FREE.
Note: I may not be able to send them till later today, as i am away from my PC.

Same applicable to everyone who wants same.

Thank you so much bro, which platform will you use

dunsin125:
Thank you so much bro, which platform will you use

Pm me

SayDeeJay:


Hit me up.
Let me share some quality books with you.
I want to be part of your success story.

Please, it is totally FREE.
Note: I may not be able to send them till later today, as i am away from my PC.

Same applicable to everyone who wants same.

Thank you very much sir. I'm also interested, but I don't have access to my email address