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Forex Trade Alerts: Season 20 - Business (207) - Nairaland

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Re: Forex Trade Alerts: Season 20 by cashvault(m): 7:25pm On Mar 13, 2020
Benqozenero:


That is not wave-c.
A wave-c is not supposed to pass the end of wave-a.

From my understanding, if what is supposed to be wave c breaks below wave A, then price is likely to continue trending without forming wave e, example is USDCHF yesterday and USD JPY today.
Re: Forex Trade Alerts: Season 20 by Nobody: 7:32pm On Mar 13, 2020
saxy4c:
1538 is advisable to get better RRR

I am on buys not sell
Re: Forex Trade Alerts: Season 20 by situations: 7:37pm On Mar 13, 2020
.
Re: Forex Trade Alerts: Season 20 by Nobody: 7:41pm On Mar 13, 2020
grin grin
What a time to trade....

Peak Volatility.

Re: Forex Trade Alerts: Season 20 by saxy4c(m): 7:56pm On Mar 13, 2020
Oh ok, you'd have been 240pips up by now. I suggest you look for sells on this one, she's paying much more that way.
wiconse:
I am on buys not sell

Re: Forex Trade Alerts: Season 20 by Nobody: 8:14pm On Mar 13, 2020
saxy4c:
Oh ok, you'd have been 240pips up by now. I suggest you look for sells on this one, she's paying much more that way.
out for now, grabbed some pips.

OIL ABOUT TO MOON

Re: Forex Trade Alerts: Season 20 by Nobody: 8:16pm On Mar 13, 2020
CLEARER PICTURE.
Plan your trade and trade your plan

Re: Forex Trade Alerts: Season 20 by peteregwu(m): 8:21pm On Mar 13, 2020
peteregwu:
See usdjpy just dey go up without looking back. Am riding on it anyway. Make e just dey go until 108.00


Thank God, this one hit tp. I no do again, make I rest for next week and it seems usd is very strong now
Re: Forex Trade Alerts: Season 20 by Benqozenero(m): 8:22pm On Mar 13, 2020
cashvault:


From my understanding, if what is supposed to be wave c breaks below wave A, then price is likely to continue trending without forming wave e, example is USDCHF yesterday and USD JPY today.

Yes. And also it means we don't have the market structure.
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 8:25pm On Mar 13, 2020
OIL is consign for you. Only just hearing it makes my heart beat, I no do again abeg, but if that happens, then you should be looking for more Sells in Gold I would think.
wiconse:
out for now, grabbed some pips. OIL ABOUT TO MOON
Re: Forex Trade Alerts: Season 20 by Nobody: 8:32pm On Mar 13, 2020
saxy4c:
OIL is consign for you. Only just hearing it makes my heart beat, I no do again abeg, but if that happens, then you should be looking for more Sells in Gold I would think.

nice observation there
Nowadays, I do not look at correlation anymore in the market. eitherways, pips must be made
Re: Forex Trade Alerts: Season 20 by Nobody: 9:10pm On Mar 13, 2020
wiconse:
out for now, grabbed some pips.

OIL ABOUT TO MOON

quick 200pips

Re: Forex Trade Alerts: Season 20 by Benqozenero(m): 9:13pm On Mar 13, 2020
Brothers Please help me say a special thank you to two examplary leaders we have here @Saxy4c and @infofirst for rating our lesson note.
This has inspired me to do more. We would talk about how to trade pennant on 4hrs 1st week of next month.

Meanwhile, I am still taking questions about the current note.

Thank you Boss saxy4c and Boss infofirst, you are highly respected. God bless you.

4 Likes

Re: Forex Trade Alerts: Season 20 by ademolajubril: 9:20pm On Mar 13, 2020
Trading is profitable and highly risky...check my signature to to learn the simple procedure and withdrawal proof...
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 10:17pm On Mar 13, 2020
Bornfool:


Bro Please I don't get you, can you show me some examples to get it very well.

Re: Forex Trade Alerts: Season 20 by Nobody: 1:25am On Mar 14, 2020
PipMarshall:


A rare kind of chart from me.
Messy and with an indicator.

Me trying to look for more reasons for my bearish bias on gold.
I suck at trading gold btw.
But these are some of the reasons I can find.
Apart from that 1 hr setup.

3 black candles now.. Today's own will be black too.
Hanging man started the series.
Bearish divergence on the daily.
And the hanging man came at a diagonal resistance provided by the trendline.
There may be a lower trendline, maybe to form something like a channel.. Didn't check if that's possible.. That may be an area to look for buy signals. But I am not even interested in buying.

Monthly pin bar last month. And one more silly reason.. It will drop someday.

And I may be entirely wrong but that's why we are here.
To give our views and be corrected. To help each other see in a different perspective. Not necessarily to convince others to change their bias but giving them information they might not be looking at.


Well..
Another one that played out fine.
This was also explained here. So it's a good time for those of us just learning technical analysis to look at the reasons behind the bias.
I only mentioned few. There are other reasons I am bearish.

The predominant direction for gold for the coming months is DOWN.

Re: Forex Trade Alerts: Season 20 by Nobody: 1:44am On Mar 14, 2020
PipMarshall:

AUDNZD is a pair I would need to repent of my bias.
I was bullish but I think that's wrong.

After looking at it again. . It looks like it's headed down long term.

I will post the charts too.

So what's the situation with AUDNZD?

'The thing itself speaks. A plank in a shipwreck.'

A story of triangles. A poem of continuation.

The answer is doom.

If I see a bull run from the AUD in the months to come.. It will be a surprise to me. Fundamentals back this up. The coming data for the coming months won't do AUD any good.

It has one way to go and that is DOWN.

Now the charts.

AUDNZD has been on a downward trend for a while. There is an impulsive leg down from 2010.

And then it traded in a symmetrical triangle for some months, then broke to the downside. Retested the triangle and continued down. The first continuation pattern.

As if that was not enough. Simultaneously, it's been trading in a descending triangle for a while. And this month, it's taking out the base and breaking out downwards. The second continuation pattern.

Every sell setup with this gives a lot of potential. A retest of that green line and rejection will be a setup of dreams.

Re: Forex Trade Alerts: Season 20 by Nobody: 1:53am On Mar 14, 2020
On EURGBP..

A waiting game. Recipe for the patient.

It's trading in a range.
And looks headed for the top of the range.

There.. There will be major opportunities. Either a rejection back into the range or a break out.

This is a rectangle. It can be either a continuation pattern or a reversal pattern. I don't know yet what it's.

For the immediate, one can profit from long setups targeting that range top. It's still more than 270 pips away from CMP (current market price).

Re: Forex Trade Alerts: Season 20 by Nobody: 2:08am On Mar 14, 2020
PipMarshall:


So what's the situation with AUDNZD?

'The thing itself speaks. A plank in a shipwreck.'

A story of triangles. A poem of continuation.

The answer to this is doom.

If I see a bull run from the AUD in the months to come.. It will be a surprise to me. Fundamentals back this up. The coming data for the coming months won't do AUD any good.

It has one way to go and that is DOWN.

Now the charts.

AUDNZD has been on a downward trend for a while. There is an impulsive leg down from 2010.

And then it traded in a symmetrical triangle for some months, then broke to the downside. Retested the triangle and continued down. The first continuation pattern.

As if that was not enough. Simultaneously, it's been trading in a descending triangle for a while. And this month, it's taking out the base and breaking out downwards. The second continuation pattern.

Every sell setup with this gives a lot of potential. A retest of that green line and rejection will be a setup of dreams.


Can someone help me with an elliot count on this monthly chart? Voraz, where are you? Anyone.. That impulse down looks classical 1 to 5.. But is there 5 there yet?
Re: Forex Trade Alerts: Season 20 by Nobody: 4:04am On Mar 14, 2020
PipMarshall:
On EURGBP..

A waiting game. Recipe for the patient.

It's trading in a range.
And looks headed for the top of the range.

There.. There will be major opportunities. Either a rejection back into the range or a break out.

This is a rectangle. It can be either a continuation pattern or a reversal pattern. I don't know yet what it's.


this one caught my interest.
good analysis you ve got
that looks like a distribution phase for me.price is about to swallow those liquidity below.
but before i pull the sell trigger,I will be looking out for.a sponsored candle that broke previous liquidity to the upside preferrably on the ltf.
eg about to sell off big time
Re: Forex Trade Alerts: Season 20 by teemy(m): 8:52am On Mar 14, 2020
Update*
I closed the former one and created this https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1047

I finally have it all set up. Here is the link

Nairaland Trader of The Month Contest - March 2020
https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1046
March 16-27, 2020

Registration ends on last contest date

Ummuaisha
Lapeztech
Just30
ogashman
Darkpal
JafunmiFX
bcashy
signalsmedia
viettastitches
voraz
fucc12
Karleb

... and any other interested newbie

Wishing you well - Teemy

5 Likes

Re: Forex Trade Alerts: Season 20 by JafunmiFX: 9:51am On Mar 14, 2020
teemy:
I finally have it all set up. Here is the link

Nairaland Trader of The Month Contest - March 2020
https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1046
March 16-27, 2020

Registration ends on last contest date

Ummuaisha
Lapeztech
Just30
ogashman
Darkpal
JafunmiFX
bcashy
signalsmedia
viettastitches
voraz
fucc12
Karleb

... and any other interested newbie

Wishing you well - Teemy

God bless you man
Thanks
Re: Forex Trade Alerts: Season 20 by Nobody: 10:15am On Mar 14, 2020
wiconse:

this one caught my interest.
good analysis you ve got
that looks like a distribution phase for me.price is about to swallow those liquidity below.
but before i pull the sell trigger,I will be looking out for.a sponsored candle that broke previous liquidity to the upside preferrably on the ltf.
eg about to sell off big time

Yes chief.
It looks like distribution..
It could be..
If it is classical distribution as described by Wyckoff .. The sponsored candle will be the spring..

If it is distribution... The sell off will be massive.
Re: Forex Trade Alerts: Season 20 by TheYoda: 11:41am On Mar 14, 2020
Look out for.


AK284:


Yoda abi na Yoga you one start again
Be careful!
grin grin grin grin
grin grin shocked cool

Re: Forex Trade Alerts: Season 20 by TheYoda: 11:48am On Mar 14, 2020
Benqozenero:

Alright then.
In appreciation of this great thread and the good guys here, I would drop just one of my killer technical trading strategy (market structure using wave count and trendlines on the 1hr tf).
Thanks a million for this, helping a lot of people out here, by teaching them how to fish, not just give them fish. Great job man.

3 Likes 1 Share

Re: Forex Trade Alerts: Season 20 by TheYoda: 11:50am On Mar 14, 2020
Beside where is the audio blackeurop , blackeuropean , odiero
Is it not time to pay the money , as a guy man, you wan use small fish catch big fish ole . lol
Re: Forex Trade Alerts: Season 20 by cashvault(m): 1:13pm On Mar 14, 2020
Benqozenero:


Yes. And also it means we don't have the market structure.

i want to know if the zigzag setting is at default, or there is a special setting you are using. I observed that the zigzag on my MT4 did not capture all the swing point as shown on AUDUSD example you used
Re: Forex Trade Alerts: Season 20 by Benqozenero(m): 1:44pm On Mar 14, 2020
cashvault:


i want to know if the zigzag setting is at default, or there is a special setting you are using. I observed that the zigzag on my MT4 did not capture all the swing point as shown on AUDUSD example you used

Default.
It doesn't need to capture all the swing point. It captures only the necessary high and low of price.
Don't bother your head about those not captured.
Re: Forex Trade Alerts: Season 20 by Nobody: 3:08pm On Mar 14, 2020
Trust the grind. .

'The journey is the reward.'
Re: Forex Trade Alerts: Season 20 by teejaysmarty1: 3:28pm On Mar 14, 2020
Anyone trading bitcoin today?
Re: Forex Trade Alerts: Season 20 by Karleb(m): 4:24pm On Mar 14, 2020
teemy:
I finally have it all set up. Here is the link

Nairaland Trader of The Month Contest - March 2020
https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1046
March 16-27, 2020

Registration ends on last contest date

Ummuaisha
Lapeztech
Just30
ogashman
Darkpal
JafunmiFX
bcashy
signalsmedia
viettastitches
voraz
fucc12
Karleb

... and any other interested newbie

Wishing you well - Teemy

I'm currently facing a problem.

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