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Forex Trade Alerts: Season 21 - Business (25) - Nairaland

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Re: Forex Trade Alerts: Season 21 by highcurrent: 7:34pm On Feb 03, 2021
Donvic4u:



Pls drop Ur dollar index chart
Sorry bro, I can't post chart.

But if dxy can confidently break through the neck of the inverse H and S, we might head to 92.00 which is an institutional level
Re: Forex Trade Alerts: Season 21 by Nobody: 7:38pm On Feb 03, 2021
dennison4luv:



Getting to 176**** will take some weeks or month from last week FRIDAY gold and bitcoin has been on increase but in within this days sometimes it will still decrease( rise in dollars )


The way gold is volatile that level is not hard for it to reach in one day.
Re: Forex Trade Alerts: Season 21 by blackman007: 7:41pm On Feb 03, 2021
infofirst:


It will not sir. No be today. This time too shall pass. Those that criticize rudely and all that have no doubt sent the good ones away hopefully something will change things around soon.
I will be organizing a contest soon hopefully by end of February and only those that are active here in the last 30days will be qualified to participate.

Total Prize money of $200( Skrill $ or hotforex exchange rate) will be at stake and a chance to manage one of my trading accounts of $5000 balance minimum for 5 trading days for the first position and 50:50 profit Sharing ratio with no more than 10% drawdown.

Your moniker is Infofirst, but I always like to call you the great infofirst lol grin, and this is one of the reasons, God's willing I will be part of this contest, not necessarily because of the prize money, but I wanna improve on my skills and also to put my little trading ability to test... God bless cool

1 Like

Re: Forex Trade Alerts: Season 21 by WAVESANDGOLD: 7:48pm On Feb 03, 2021
infofirst:


By His grace. We will do this starting 1st of March.
I will give the detailed yet simplified terms and conditions by 15th of the month but for now, active participation here starting from today will be the first term with no exemption. And I think the idea of allowing the three winners to manage 2500$ 1500$ & 1000$ is better. If we get it right, more will follow by His Grace. Suggestions too before final terms are all welcome as well.

This is wonderful.

Looking forward to the contest, with only one aim, to win

1 Like

Re: Forex Trade Alerts: Season 21 by infofirst(m): 7:54pm On Feb 03, 2021
XAUTrader4L:



Am getting to that conclusion as well, gold bounced from the 50% retrace at 1764 and has refused to go anywhere. It has scattered the uptrend structure it tried to create so far since from 1764, I think revisiting that low is still on the table to find momentum. Right now there is nothing for it plus the dollar is pressuring it. I would watch out for yesterday low and 1809.

The weekly candle of the week 3th January confirmed your conclusion. Good to look for sell on retrace
Re: Forex Trade Alerts: Season 21 by infofirst(m): 7:56pm On Feb 03, 2021
blackman007:


Your moniker is Infofirst, but I always like to call you the great infofirst lol grin, and this is one of the reasons, God's willing I will be part of this contest, not necessarily because of the prize money, but I wanna improve on my skills and also to put my little trading ability to test... God bless cool

Thats a better aim. And the very motive behind the idea in the first place but whichever is ones motive, it will obviously bring the best in us all. And the good part of it if we get it right is that when we do the next one, previous winners will still be able to participate.
Re: Forex Trade Alerts: Season 21 by WAVESANDGOLD: 7:58pm On Feb 03, 2021
what do you see

1 Like

Re: Forex Trade Alerts: Season 21 by charly20(m): 8:17pm On Feb 03, 2021
I'd love the idea of going long on this pair...

1 Like

Re: Forex Trade Alerts: Season 21 by dennison4luv: 8:20pm On Feb 03, 2021
WAVESANDGOLD:
what do you see


Short,

1 Like

Re: Forex Trade Alerts: Season 21 by dennison4luv: 8:31pm On Feb 03, 2021
For the newbies try and ready up currency correlation. Then the effects of XAUUSD and UXY chart in the market.

1 Like

Re: Forex Trade Alerts: Season 21 by Nobody: 10:00pm On Feb 03, 2021
Double top, break of TL, and support turning resistance

1 Like

Re: Forex Trade Alerts: Season 21 by Nobody: 10:19pm On Feb 03, 2021
Gold double-bottoming?

Re: Forex Trade Alerts: Season 21 by Abambam: 11:08pm On Feb 03, 2021
Abambam:
Intraday: No running trades. Done for the week.
No trades today, slow week.

Re: Forex Trade Alerts: Season 21 by infofirst(m): 3:44am On Feb 04, 2021
Sold NU @0.7212, Sl 0.7265 tp 0.7050.

Re: Forex Trade Alerts: Season 21 by Satine(f): 6:35am On Feb 04, 2021
AudUsd;
Buy 0.76230
SL 0.75630
Re: Forex Trade Alerts: Season 21 by djwalata(m): 7:24am On Feb 04, 2021
Mrbillionaire:
Double top, break of TL, and support turning resistance
If only u can work on ur drawings on charts.
Ur trend line and supposed double top r not good enough.

2 Likes

Re: Forex Trade Alerts: Season 21 by Nobody: 8:01am On Feb 04, 2021
djwalata:

If only u can work on ur drawings on charts.
Ur trend line and supposed double top r not good enough.

Ok, I will do that
Re: Forex Trade Alerts: Season 21 by infofirst(m): 9:39am On Feb 04, 2021
https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1221&rx=1612426465063

Trying to test run before the main contest.
So if you will like to have a feel of what the contest will look like, try and join this demo contest I set up and follow the rules there. This demo contest will run for only one trading day. Only one winner with prize $25 @ #480 rate.
Note: do not forget the active rule yesterday as well.
Success.
Use your nairaland moniker too for identification.
The participant with the highest balance wins it and ensure all positions are closed by end of contest.

2 Likes

Re: Forex Trade Alerts: Season 21 by infofirst(m): 9:50am On Feb 04, 2021
infofirst:


If not because usdindex is yet to hit resistance am looking forward to at 91.68, i would have bought eurusd at 1.2025. I placed a buy there since beginning of the year but had to cancel when I saw what was going on.i was expecting 1.2012 and that was why I set buy at 1.2025
Am looking forward to 1.25*** once I buy. Above all, price is the king and what it does based on what charts says will determine final action I will take.

Watching closely 1.1950 & 1.353* for gu
Re: Forex Trade Alerts: Season 21 by iamehmakute(m): 11:34am On Feb 04, 2021
iamehmakute:
Still trying to connect the dots in forex(beginner) , but here is my expectations and analysis on GU(GBP/USD). From the picture attached, we can see that it broke the ascending triangle and started forming lower highs and lower lows. I'm waiting for it to break the key resistance below the box and probably a retest with a candlestick confirmation before I enter for a short. Otherwise if it breaks the downward trends line I'll be looking for a long. But my eyes are on a short for now, since that's what the HT frame indicates. 1hr TF. I stand to put corrected tho.


And just as I expected it did sell to my first TP , now I'm currently waiting for a retest of the support cum resistance "if it would" ,followed by confirmations before going short again . I'm very opened to recommendation and corrections if it would help me improve fam.

2 Likes

Re: Forex Trade Alerts: Season 21 by WAVESANDGOLD: 11:41am On Feb 04, 2021
Onboard

1 Like

Re: Forex Trade Alerts: Season 21 by iamehmakute(m): 11:46am On Feb 04, 2021
On EG, we can see that it retest the trendline with further confirmation I think it would ok for a slide in for a continuation to the upside.
That my expectations for EG.
Good afternoon sir's

2 Likes

Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 12:02pm On Feb 04, 2021
Theyoungmaster:
Shrink OR bounce...?
London-NY overlap will tell.

We wait....


Looks like its shrinking after all.... Thanks to strong bullish momentum in DXY. Anyways, To avoid stories that touch, I'll wait for break and retest of support @ 1.19287(drawn from weekly Tf) before shorting EU down to next major demand zone @ 1.170 region. That's a trade set up for tomorrow or next week.

So we wait.

2 Likes

Re: Forex Trade Alerts: Season 21 by iamehmakute(m): 12:06pm On Feb 04, 2021
Theyoungmaster:


Looks like its shrinking after all.... Thanks to strong bullish momentum in DXY. Anyways, To avoid stories that touch, I'll wait for break and retest of support @ 1.19287(drawn from weekly Tf) before shorting EU down to next major demand zone @ 1.170 region. That's a trade set up for tomorrow or next week.

So we wait.

A retest did occur sir but I slept of didn't go for the short, with the momentum at which it's going I do have eyes on 1.195 . When we reach the river( .195) we go cross am . Good afternoon

Modified: Oga mi I just observed you were talking about a retest on the daily TF , thought it was the hourly TF.

Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 12:08pm On Feb 04, 2021
Theyoungmaster:



I've eyes on this pair since last week. matter of fact I was long on it.would have held my position over the weekend if not for swap. check the daily tf, it has formed an inverted HNS pattern. I expect it to rise till 0.903. It could sell a bit anyways. But I wouldn't sell till daily tf support at 0.8913 is breached. Till then, my bias is to the upside. Will post my analysis later.



I entered around 88710 last week. scalped just 70pips. plan was to re-enter on break and retest of neckline at 8913 today, but bloke has been distracted. I'll be waiting for a pullback to go long and ride to next Resistance or 903


Modified: UChf is doing just as anticipated. I entered last week at 88710 as mentioned and have scalped 131pips intraday thus far. There's still room for more upward movement. I'll be waiting for break and retest of immediate resistance at 903 and then ride till next resistance at 918. But if price gets rejected at 903, I'm open to shorting it.


Observe. Wait. Enter.
Rinse and Repeat.

1 Like

Re: Forex Trade Alerts: Season 21 by Karleb(m): 12:16pm On Feb 04, 2021
Theyoungmaster:




I entered around 88710 last week. scalped just 70pips. plan was to re-enter on break and retest of neckline at 8913 today, but bloke has been distracted. I'll be waiting for a pullback to go long and ride to next Resistance or 903


Modified: UChf is doing just as anticipated. I entered last week at 88710 as mentioned and have scalped 131pips intraday thus far. There's still room for more upward movement. I'll be waiting for break and retest of immediate resistance at 903 and then ride till next resistance at 918. But if price gets rejected at 903, I'm open to shorting it.


Observe. Wait. Enter.
Rinse and Repeat.

Bros, you can't use daily chart, gain 70 pips and call it scalping.

That's day trading.
Re: Forex Trade Alerts: Season 21 by Incips: 12:18pm On Feb 04, 2021
Great!
Re: Forex Trade Alerts: Season 21 by Donsheddy: 12:40pm On Feb 04, 2021
infofirst:
https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1221&rx=1612426465063

Trying to test run before the main contest.
So if you will like to have a feel of what the contest will look like, try and join this demo contest I set up and follow the rules there. This demo contest will run for only one trading day. Only one winner with prize $25 @ #480 rate.
Note: do not forget the active rule yesterday as well.
Success.
Use your nairaland moniker too for identification.
The participant with the highest balance wins it and ensure all positions are closed by end of contest.


people like me nko...
that's an active follower of the thread but I barely chat...
I've here since season 19

3 Likes

Re: Forex Trade Alerts: Season 21 by infofirst(m): 12:58pm On Feb 04, 2021
Donsheddy:



people like me nko...
that's an active follower of the thread but I barely chat...
I've here since season 19

Come on and start participating actively

1 Like

Re: Forex Trade Alerts: Season 21 by Donsheddy: 1:07pm On Feb 04, 2021
infofirst:

Come on and start participating actively
no p. I'm still a learner so I barely know what to say or type... but I can join your contest please... it will help my. learning process

1 Like

Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 1:14pm On Feb 04, 2021
Karleb:


Bros, you can't use daily chart, gain 70 pips and call it scalping.

That's day trading.

Yeah, You're right.
But I'm not trading with daily chart persay. My account size can't carry it for now. I'm only getting my signals from daily chart. I execute on 4h OR 1h, then close out the trade at the end of the day and re-enter again the next day if the signal on daily chart is still intact.

Dunno if you understand.
Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 1:27pm On Feb 04, 2021
Wahala for who no use stop losses trade cable today. Damn!

2 Likes

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