Pipsbasketings:
Hope you took your pips

Pipsbasketings:
My basket as of this moment.
I entered EA in error, got distracted at the point of execution - kids were everywhere jumping over me ; I've decided to leave it running since my current outlook is range/consolidation. On this pair, I'm on 50-50 probability, I rarely enter a 50-50 chance trade if not for the distraction.

komonibo:
good day sir, let me help you work on it, which pair are you not sure of??

komonibo:
Hey guys good A.M Thank God for another day, wishing ourselves a green filled day attachecd are pictures of two charts I will be using to explain my trading technique. PICTURE A is a BITCOIN/NAIRA chart while PICTURE B is a LITCOIN/BITCOIN chart if you have some FIAT currency (your normal currency, naira possibly or other Fiat currencies like usd, euro etc) In your purse or some BITCOIN in your crypto wallet, I will advise you get ready to place some buy or sell orders today as I will be explaining how my technique works in order to give more positive trade opportunities .To the diagrams below DIAGRAM B in particular, that is LITCOIN/BITCOIN chart has met our requirement for a possible trade, you can see that a candle stick has closed beneath our GREEN LINE which serves as a support or turning point for LITCOIN/BITCOIN which in turn indicates a BUY/SELL ORDER BASICALLY A BUY ORDER AS WE ONLY WANT TO BUY WHEN PRICE OF A PAIR IS BELOW A SUPPORT LINE AND VICE VERSA FOR A RESISTANCE LINE WHICH WILL GIVE US SOME PROFIT WHILE THE TRADE LAST, trade can last for a scond, minute, hour, day, week and so on as long as the currency pair is in use and all required tools and data are still in place, but price must be above our BUY price for our trades to be on the positive side.[bNOTE][/b]The more a currency pair holds a position the more value you have for that pair you bought as long as it is above the price you bought it. It is not until a currency pair continues to go up that you make profits but also from a very tight ranging market that is when price refuse to go above or below support or resistance line, what brings the profit is when market price stays above your executed order, that is when the price refuse to go above or below the trend line we will see examples of such markets with time When you buy a pair for a higher price but pair continues to hold below that price for a certain period of time.you will only realise the value gained only when price eventually goes above your Buy price. Pairs devalues or gains value as fast as it would be in an uptrend or down trend, you only need to execute your trades propery.
NOTE
it is advisable you only buy a position above a resistance line when you become more familiar with the market or
when you become more professional in the field as doing that will entail a higher risk. If price crosses the position you bought after staying below your price for a longer period, then you will be smiling to your bank or pocket as the position you bought would have gained a lot of value with time but if eventually it did not cross that position you bought I think there will not be any need for any algebra maths to calculate your loss FUN FACT:THE EARLIER WE UNDERSTAND THE BUY/SELL MARKET PRICE ARE RESISTANCE AND SUPPORT LINES THE GREATER THE JUMP WE WILL TAKE WHEN EVER WE GET TO THOSE PITS[ BECAUSE IT IS ALWAYS A 50/50 CHANCE OF WINNING A TRADE REGARDLESS IF PRICE IS LOW OR HIGH <<<<<====<<<<< That is if you don't plan and just place a BUY/SELL market order, that is why you have to plan for your position, the greater mistake or risk is buying a currency pair when it is at its peak because the possibility is very high that if price crashes from that distance, it may never return, but eventually it crashes to the lowest point and defeats that peak be assuerd the take back will worth your patience for not selling it at a lower cost back to the deal for today at the DIAGRAM B which indicates a buy order as price has closed below the support line we will be placing a buy order which may last up to some seconds, minutes, hours, daily, weekly or even more as long as the currency pair is still in use and all necessary charting tools and information are still in place. We will be taking our profit when price tends to cross back the support line. We will be making some profits either large or little profit as long as the trade remains above the support line, value is been gained, there will be profit. Profit becomes huge when price remains above your Buy price. So you should understand that a proper drawing of resistance and support matters a lot as it goes a very long way to support your trading carrier . From the DIAGRAM B[/b]You will see a [b]GREEN TICK which I put below the CANDLE STICK as it meets our requirements to buy licoin/bitcoin also the candle stick formed is known as [b]HAMMER, the popular hammer It is called an HAMMER Because of its body shape or size, though more professional traders may have more meaning to the candlestick which will not be our main focus now as I dont trade CANDLE STICKS I only trade the resistance or support lines I draw through my own technical analysis. CANDLESTICKS LIKE THE HAMMER MENTIONED come very handy for a proper charting technique for a beginner or some traders that was why I had to explain that to us . Back to our chart, Since the LITCOIN/BITCOIN CHART has met with our charting requirements by closing fully below our GREEN SUPPORT LINE it is safe to say we can proceed with our trade execution which will give us some profit whenever it crosses the support/resistance line again NOTE THAT My trading pattern gives a BUY/SELL ORDER WHENEVER PRICE CROSSES SUPPORT/RESISTANCE LINE profit is certain except decisions are not made properly or early. In other for us to gain maximum profit or buy at a lower market price we will need to wait for our BITCOIN/NAIRA CHART To indicate a Buy/Sell order as the case may be. As you can see from below picture DIAGRAM A THat BITCOIN/LITCOIN CHART Has not met with our charting terms as no candlestick has closed below our Green resistance line in this case to indicate a sell order. Basically we buy when a candle stick closes above/below[/b]our resistance or support lines
[b]NOTE: The more candle sticks that closes beyond those SUPPORT/RESISTANCE LINES THE BETTER AND SAFER FOR US TO EXECUTE A TRADE, ALSO THE BETTER THE PROFIT OR LOSS After buying or selling at smaller or higher price I will keep studying the charts in order for us to have better understanding of my trading technique and for us to have better trades ahead. you can place a Buy litcoin order now as you will not hit a loss as price will surely bounce back to the support line in order for you to cashout, but it is best for you to know that the cheaper you buy a pair the better your profits.
FAST FACT
1)THE MORE RESISTANCE AND SUPPORT LEVEL YOUR PRICE BREAKS THE MORE VALUE YOU FIND IN YOUR TRADE
2)ALSO KNOW THAT THE EARLIER YOU ENTER A TRADE THE LESSER OR HIGHER YOUR PROFIT WILL BE WITH TIME.
3)YOU WILL NEED A LOT OF PATIENCE AND PROPER PLANNING IN OTHER FOR YOU TO BECOME A SUCCESSFUL TRADER.
Trust you read everything up there?? Sorry for the long read I was not able to attach the pictures early because of the explanation above, I am not sure if we will still be able to make a successful trade regarding the currency pair I talked of @ LTC/BTC but don't worry, there will be much more opportunities to come, the better we understand the concept the easier for us please do like and share if you find this informative as it will be helping order people as it will do to us, remember I am always ready for corrections, if it is to wipe the entire post I am in as long as everyone will be on the positive side at the end of the day
Thank you

Karleb:


All these epistles won't matter when your well analyzed trade go against you.

Benqozenero:


That guy don hijack this thread o

Macabs:


It seems you're from Benue.....food basket of the Nation

Boss can I still enter those trades?

Karleb:


All these epistles won't matter when your well analyzed trade go against you.

Edit:
Try to add paragraphs to your posts.

Karleb:


I guess he needed a trade journal and the thread offered him one on the platter of gold.

I believe he needs to calm down.

Stop clamoring for likes and share (nothing wrong with that though), but it makes it all childish.

He doesn't need to write everything on his mind.

But then, some while ago, saxy was allover the thread.

saxy4c:
GBPUSD. 1.3010 invalidates bears.



MT4

saxy4c:
Buying eurnzd 7524 Sl 7500 Tp 7672
Buy gbpnzd 9130 Sl 9063 Tp 9383
Selling nzdjpy 70.60 Sl 70.85 Tp 70.08

Looking to sell nzdcad. Would keep an eye on it.

Pipsbasketings:
My basket as of this moment.
I entered EA in error, got distracted at the point of execution - kids were everywhere jumping over me ; I've decided to leave it running since my current outlook is range/consolidation. On this pair, I'm on 50-50 probability, I rarely enter a 50-50 chance trade if not for the distraction.

komonibo:
lol, point taken sir....sorry for the long epistle, I felt creating another tread will not be necessary as we have more like minded people here, sharing our ideas will be a lot more easier here, am here to learn also, sorry ones more again sir for the long epistle

komonibo:
Those with litcoins this is how the chart looks in the last two minutes, we are still good to keep our trades on hold, I will update us in the next hour 1000hrs

saxy4c:
GBPUSD at the first reaction zone, a sell with 25/30pips tight stop is in line.

komonibo:
an update of LTC/BTC, is still a buy, hold on to your positions

saxy4c:
Selling NZDCAD 8925 Sl 15pips Tp 50pips

saxy4c:

Looking to sell nzdcad. Would keep an eye on it.

komonibo:
an update of LTC/BTC, is still a buy, hold on to your positions

saxy4c:
Buying eurnzd 7524 Sl 7500 Tp 7672
Buy gbpnzd 9130 Sl 9063 Tp 9383
Selling nzdjpy 70.60 Sl 70.85 Tp 70.08

Looking to sell nzdcad. Would keep an eye on it.

saxy4c:
Selling Gold 1948 SL 1953 TP 1910. Watching for reaction at 1935 then 1920.

Selling AUDUSD 7290 SL 7325 TP open

Macabs:


It seems you're from Benue.....food basket of the Nation

Boss can I still enter those trades?

Mrbillionaire:


sir, the Audchf buy, I hope it's not a mistake because there's no breakout.

saxy4c:
Selling Gold 1934 SL 25pips TP 90pips
Buy limit Gold 1920 SL 1915 TP 1938