₦airaland Forum

prettyboey:
Well well well, get ready traders..
USDCAD showing "mix-setups" here..
1.Its in a descending channel and at the same completing a double bottom or a"W"
Well i kept saying the best way to play a descending channel is go SHORT at the resistance of the channel,therefore price is fast approaching the resistance of the channel and looking at the stochastic; its in the favour of the BEARS.
2. There is a formation of double bottom or a "w" too at same time but before the rules of the double bottom can play then that means the BULLS have a huge dragon to slay ie the resistance of the descending channel.

NB: whichever way there is gonna be a perfect trade setup. So which side will you be ? with the BEARS or the BULLS ?

Disclaimer : Viewer's discretion is advised!!!
Happy Pippin !!

Alright, USDCAD want to play the "double bottom style" the BULLS are trying their best to slay the dragon, i will stand aside to watch this fight. If finally the dragon (resistance) is dead then i will join the BULLS for "double bottom ride"
If not then i will just join the BEARS for my "descending channel ride"

Well, i have taken -27 pips on EURGBP....She heading NORTH i cant be on this train so she dropped me off and i accept it.. I will wait for her though

Who is ready to SHORT GBPAUD with me ?

Disclaimer: Viewer's discretion is advised.
Happy Pippin!!

Well well well, get ready traders..
USDCAD showing "mix-setups" here..
1.Its in a descending channel and at the same completing a double bottom or a"W"
Well i kept saying the best way to play a descending channel is go SHORT at the resistance of the channel,therefore price is fast approaching the resistance of the channel and looking at the stochastic; its in the favour of the BEARS.
2. There is a formation of double bottom or a "w" too at same time but before the rules of the double bottom can play then that means the BULLS have a huge dragon to slay ie the resistance of the descending channel.

NB: whichever way there is gonna be a perfect trade setup. So which side will you be ? with the BEARS or the BULLS ?

Disclaimer : Viewer's discretion is advised!!!
Happy Pippin !!

AUDJPY TP hit +211 pips
AUDUSD trailing SL hit +21 pips

Now looking for BUY opportunities now to enter the market....

I am still babysitting these trades....taking long time to hit TP...
1. EURGBP SELL = -6 pips
2. AUDJPY SELL = +143 pips
3. AUDUSD SELL = +45 pips
4. NZDUSD SELL = +40 pips
5. NZDCAD SELL = +32 pips

Pair : GBPNZD
Time Frame : Daily
Signal : Possible Bullish Breakout.

Disclaimer : Viewer's discretion is advised !!!

Happy Pippin!!!

Feshizzy:
Welcome to the forex world were patience is well rewarded.
Happy pipping this new week.

Regards,
EF

@ Fishizzy you remember i posted GBPNZD and GBPAUD charts yesterday? I couldnt enter those wonderful setups because snooring....too bad. Now i just dey watch as the price is flying without me...lesson learnt.

Feshizzy:
Welcome to the forex world were patience is well rewarded.
Happy pipping this new week.

Regards,
EF

thanks @Fishizzy... working on my patience a lot though it has cost me not to enter both GBPAUD and GBPNZD Long trades...hahhahaha forex dey show me things that can happen in real life..

Fear is not good at all....i was in GBPJPY Long trade an hour ago it went against me 35pips and i got afraid and jumped out of the trade with 35pips loss and few minutes later the price shoot up like its on adrenaline pills ....too bad

My trades

Symbol : NZDUSD
Time Frame :DAILY
Signal : SELL

Disclaimer: Viewer's discretion is advised..

Happy Pippin!

Symbol : NZDCAD
Time Frame : DAILY
Signal : SELL


Disclaimer: Viewer's discretion is advised..

Happy Pippin!

Symbol :GBPAUD
Time Frame : H4
Signal : BUY

Disclaimer: Viewer's discretion is advised..

Happy Pippin!!

I am really bored so this is what i have been doing. Marking my charts...
Price might go up a lil bit as the small red indicates b4 coming back in to the channel and ride downside if it happens that way i will wait for the break of a LOWER LOW b4 entering.
If not I will just enter the market as the blue arrow is indicating..

Disclaimer: Viewers discretion is advised.

Happy Pippin...

I am really really bored....

Hello Journal,
I closed my USDCAD trade at breaven and holding that of AUDJPY through the weekend.

surveycash:
I get it personally but most traders don't know how to apply this.

Let's go practical. Given the signal; Sell gbpnzd @ 2.1740, sl 2.1770, tp 2.1620. Determine the lot size to use on an account of $31,569 if you are to expose 1%.

Most traders can't answer this. That's what I mean by I wish most traders can apply it.

@all, if you have the lot size, let me have it.

10.52 Lots

Daaamnn i calculated for the pip value instead of Lot size...

prettyboey:
Looking at EURGBP 4H TF, this has been in an rising channel since the beginning of March, now its fast approaching the support of the rising channel. And i know from newbie perspective that the best opportunity to trade a rising channel is to look for BUY signal therefore price is almost at the support area and Stochastic is popping up a BUY signal already....

Disclaimer: Viewers's discretion is advised.

those who entered this call would be smiling to the bank by now.....

Hello Journal,
Good morning, as I promised you the last update ,well today is April 1, and i decided to put up my trades here to track my progress.
I entered two trades AUDJPY and USDCAD as its shown in the chart below

GBPNZD has formed a descending triangle on the Daily TF. Now price is sitting right on the support area of the triangle and an indecision candle is formed there too. Seems price is struggling to breakthrough that area.Looking at the stochastic its already showing oversold. All these making me Bullish bias on GBPNZD but i will patiently wait for more confirmation before entering any order. Price can do anything. Whichever it is I know there will surely be a breakout either Bullish or Bearish....

Happy Pippin !!!

prettyboey:
Who else is watching EURGBP ? What do say about it? Should we join the BULLS or the BEARS?

I guess i am alone on this...to be honest this EURGBP is hunting me.

Who else is watching EURGBP ? What do say about it? Should we join the BULLS or the BEARS?

Looking at EURGBP 4H TF, this has been in an rising channel since the beginning of March, now its fast approaching the support of the rising channel. And i know from newbie perspective that the best opportunity to trade a rising channel is to look for BUY signal therefore price is almost at the support area and Stochastic is popping up a BUY signal already....

Disclaimer: Viewers's discretion is advised.

I remember i dropped this GBPUSD alert some days ago...but am some ppl dint see because they were busy arguing

sweetmaris:
How market...
I decided not to look at the charts today
Wud be dropping "Hot" alerts from tomorrow
Fx is sweet

Yeah its really teaching me something about risk,reward,patience and responsibility. Forex is addictive and i am loving its addictive power.

Hello Journal,
It seems i have left you all alone but that aint the case at all. Just that I took some few breaks from the market concerning the Easter holidays. You will probably more of me in April. Until then i will just be watching the market.

Happy Pippin !!!

fxbomovi:
me i sold 4170 with 3860 tp

Oh okay that is cool bro

I think there is a formation of inverted head & shoulder on GBPUSD Daily. The right shoulder is now forming so we can ride the formation by Buying GBPUSD up to the neckline. Getting the neckline price might possibly break through or face a resistance by riding down

Disclaaimer: Viewers discretion is advised...

jamace:
Unu no dey tire for argument?

This is what happens every week when the market is closed oooo....

Ghanaian adage : Empty barrels make the most noise !!!!

olly12:
lol i have been trading live hmmmmmm i dont think you have heard about forex when i started anyways you are free with your opinions.

Yeah yeh yeh sure you have...and you are still jumping from indi to indi? Even me who started few months ago didnt do that...Anyway,next week will be April which of the indicators are you planning of using? I am asking because from your posts you dropped 1 in February, i think 2 or 3 in March....