₦airaland Forum

I know everybody is looking at buying EU from the 1.08 ish, but i feel the market might get to 1.05 or maybe even 1.04..

1. Because this is a crowd movement and everybody is looking to buy, something in me keeps telling me that it's a trap and that I should do the complete opposite.
(ie, search for zones yet to be mitigated and short the market from them).

There's something i didn't see previously that just came to me..

2. I'm talking about the structure here

The structure of this chart closely resembles the QML pattern..

I think we can all agree to the fact that the market is run by an algorithm and then news tends to move prices to their intended zones quicker. You might not agree with this analogy but i am pleading with you to be open minded and think about this from a different point of view.

If the market moves in patterns and it's known for these patterns to repeat itself, then we can strongly see how EURUSD has room for more bearish moves.

The QML pattern is a pattern that we have seen play out a thousand times. It's formed by a high, followed by a low and then a high thats higher than the previous one and then a low that tends to take out a previous low thereby creating an fvg.

Now the general rule is to buy till that fvg zone has been filled which is a lot clearer on the daily timeframe but a further dive to the weekly will show you that the previous low has not yet been taken.

Hence invalidating any long term buys. You can still buy the pair but we should keep in mind that the buy will be short lived.


The main reason as to why this pattern keeps coming to mind is the previous high is almost directly at the 50% zone of the fvg...

To me, this is a a big sign...

Just want to put this out here so evryone can make informed decisions..

Let's not be suprised if the market keeps selling instead and then we start making mistakes simply because we don't know where the next liquidity draw is.


Stay safe y'all ✌️✌️

rhynoemmie:
Another possibility

Something just came to me and I feel like everyone should know.

Apologies in advance cos this might be lengthy

karkinase:
that’s why I don’t trade this pair

It could still buy from there. At least to fill up an fvg above and then continue moving down.

Your analysis is still correct..
Mine is more of a long term picture

karkinase:
@Winnerrrr price is already @ demand zone , expect an explosive 🧨 move soon

Another possibility

XAUTrader4L2:
My entry when the market opens. Closing the week with an inverted hammer at demand zone.

Thought I was the only one expecting a bearish dollar in the near future..

Excellent charting boss

The patience to wait for trades like this is not child’s play at all

rhynoemmie:
You’re probably right taking the sell but I think the sell is premature. Price could quickly come down and then shoot up again.

I’m waiting for news today to make the pair shoot up then I’ll be selling from that top and holding into next week

In this business, it is one thing to have knowledge and another to profit from that knowledge. It isn’t spoken about a lot and It’s something we should be conscious about.

Personally I feel this is the biggest form of FOMO. The fear of having your analysis play out but because it’s not your strategy, you begin to think “Since I know it will happen, why not just do it” and just like that, the wall that you’ve worked so hard to build suddenly begins to crumble.

Figured this out today and just decided to share. We would be so much better if we can learn to sit on our hands. ✌️✌️

Kaybee7000:
😂😂😂😂 Mogbe oooo @sam @charly and @info join m o abeg

This guy

E shock u abi😂😂

haryodehjia:
Are we looking at usdjpy sell at the current level?? I'm in for a sell as pullback

You’re probably right taking the sell but I think the sell is premature. Price could quickly come down and then shoot up again.

I’m waiting for news today to make the pair shoot up then I’ll be selling from that top and holding into next week

usdjpy
So far the price action has been moving well. I’m expecting a bearish dollar in the near future.

Another confluence is the usdchf chart. By adding a bit of mathematics just to make it seem more interesting, the distance from current price to intended POI is between 70-80pips, this is for both pairs.

I’m counting on PPI to do me the favor of closing that distance. And then we can sell with our full chest come next week.

If both sells align, it will boost my confidence going into the trade.
Even their RSI is a bit matching

Geovanni412:
For your USDJPY trade, it obeys the same principle,

The principle is simple...

Day 3 or day 5 must be a range day

Range day means pinbar

On such a day, it is easy to miss your with trend entry or to think the market is reversing especially for newbie day trader

That is the point I was making Abt being careful about day 3.

If you saw my gold analysis earlier, people who entered shorts without waiting at swing high of daily chart around 1930 got slaughtered

Attached are images..

This your chart is on point.

If you see the way I'm waiting for this pair to fall gon

Pictures finally went through

rhynoemmie:
Mr Market, is this your will for me

Will keep observing and stay safe✌️

People who post pictures, how do you it!!

Mr Market, is this your will for me.

Looking forward to a bearish CPI tomorrow

But EURUSD and GBPUSD is making me believe that the bearishness might be short lived.

If EU becomes bullish from that zone, it’s going to further confirm my bias and hopefully build confidence towards these trades.

Usdchf has two probable zones, will be taking trades from both of them. With proper risk management tho.

Will keep observing and stay safe✌️

People who post pictures, how do you it!!

EASYLIFE4US:
Na lie you talk there, I don enter market e drop for me na only 5 pips remain make e hit my profit target, e reverse go back to my entry dey find whether I break even, e don happen plenty plenty times

Big man calm down

The market is not going to move the way we want it to all the time.

If you look at the market through your edge and a touch of logic, you’d see things differently.

Just because it didn’t happen this time around, no mean say e no go sup again.

At the end of it all, what really matter is “one good trade”

Jameselias:
A trading edge makes you a good trader.

Risk management makes you a great trader.

The ability to control fear and greed makes you a legendary trader.


Copied

In my opinion, this forex no suppose hard ooo

Na we just dy do ourselves

We wan quick blow gon

PIPSMARSHALL:
The END
Phase 2. Max drawdown. Almost passed, Not happy but i'm back to the trenches. I wish but it is what it is.
I blame myself because I didn't follow my rules squarly, I also blame eight cap broker for their nonsense candles. It's no excuse but when a trade gets stopped and moves in ur direction in more than 10 trades, its the broker and not the trader. Who blames d broker more than the losing trader? Profitable traders who know that the brokers are after their earned dollars. Or na me no dey set stoploss right. Anyhow sha. Maybe I lack patience

I no sabi wetin dey rush me sha, I'm cool now tho.
I'm a RICH trader and not a broke trader anymore.
I have the skill, but it takes time to conquer greediness. Na my greed crash this challenge amd previous challenge.
I have conquered greed, just that I didn't obey my lotsize rules and positions on this one.

I lacked patience, maybe because I got frustrated by the broker but I suppose maintain my cool since I know the brokers are after my money. Soon, man will get these pay checks steadily.

Unto the next
As you were.

Sorry about this boss.
As you’ve noted your mistakes, let it not just be a “in boss Charlys handwriting” lesson learned, we move kind of situation.

Even in failure, make we dy fail dy go front ni😇😇

Geovanni412:
Na bearish outlook you get abi na bullish outlook?

Or you are waiting for some signals to print on the market before taking a stance.

I'm bearish on the pair.
Waiting for the fvg/ black zone to be filled.

Will be selling from there

pristinee:
USDCHF

Same outlook

You're seeing trendline, I'm seeing fvg
Last last we go dy alright fo this forex

donproject2:
Is this going to reduce the price of petro?


If you are good in designing flyers make we talk

Sent you an email already concerning flyers

kozmicity:
My entry area

Nice mark up
See you at the top

rhynoemmie:
In the spirit of going full margin
Let me add gbpusd and eurchf
Charts are coming later

My charts as promised

The ideal move for gbpusd will be to wait for the rally up, then shorting. But if you’re not patient enough, you can just find an entry an then join the buy move. Me I sha am waiting gon. I don’t feel like dashing market money this morning.

Eurchf is more of an aggressive entry. Pair is reacting well from the fvg. The only thing keeping me from taking this trade is the pip count and my no-trade on Monday rule.

Overall bias for dxy is a bearish one till some extent and then the bullishness resumes

Can’t post pictures. Glo neva serious this week

charly20:
Eurusd
Euraud
Eurjpy

Sell am full margin next week.

In the spirit of going full margin
Let me add gbpusd and eurchf
Charts are coming later

Donsheddy:
Expect gu to continue its drop next week... Going to retest 1.26... maybe na so God wan take deliver next week choppings

Having the same feeling for EU
Maybe cpi might be the decider

Elliotwaveforec:
100 pips in red before recovering.

From scalping to Swinging.

THis forex market eeh

Ur buy trade is where I set sell limit

rhynoemmie:
Possible short bias

Will be selling if price gets to the ob

Let me see the effect news will have on this pair.

Goodnight abeg

This forex is nobody's mate

Price didn’t get to my zone
Seems I’ll have to change into an aggressive entry

Will be spotting for fvgs in lower timeframes to use as entry

I don see entry

Nairaland no gree post picture abi na glo dy do me

EmmanuelVi:
I think it is very likely to get there and go even way beyond...148.65 level is TP for me.
All three trends are in line (I really love that part about this Yen pair); Monthly, Weekly and Daily are all in congruence, the pair is strongly bullish.

Omo analysis choke

Nice mark up tho. I know the pair is very bullish but in the midst of that bullishness are little bearish babies. I’m hoping to capitalize on one of those babies 😎

Possible short bias

Will be selling if price gets to the ob

Let me see the effect news will have on this pair.

Goodnight abeg

This forex is nobody's mate

samfelly:
@Rhynoemmie and Riverrun, you'll both agree with me that Rainlover meets what Comrade Feshizzy requires? But if you guys have any contrary opinions, kindly state them, please

Yes. Rainlover performed better than I did in both closing balance and more importantly, drawdown.

Let me channel energy into this months competition

samfelly:
ANNOUNCEMENT

If you made above 10% in either FundedNext or MFFx and you have the least (lowest) Drawdown - that is the boss, @Feshizzy's, criteria - COME FORWARD.

Remember, just a winner (one)

Side note: Any idea how to see the drawdown?

If you need anything else for further verification, I'll do well to update where neccessary

Hello

Proudpolygamist:
Now you're pleading abi? i thought you were suggesting to the bosses to incorporate MFFX dashboard into the competition so that TFT guys can Cry?
Instead of you to plead with them to incorporate MFFX into august competition, u were somehow thinking you could outshine others when even you didn't follow the rules.
As if we all don't know that most of u'all advocating for Mffx and fundednext inclusivity had already hit DD in your respective TFT accounts

Uncle what are you saying
I didn’t use mffx.
Just added that cos I saw there was one other dude that used mffx and came forward for hitting the 10% mark

samfelly:
After a thorough scrutiny, I hereby present July's FTA 10%er. If there are any additions or suggestions, please, present them. T for thanks

1. FemiQuadri (Pristinee) 12.49%

2. Mystiquefia (Mystiquefia) 11.37%

3. Ekene (Tradinggiant) 10.74%

4. Sampz (Sampz) 10.34%

5. Kaybee7000 (Kaybee7000) 10.16%

6. MrSheddy (Mrsheddy123) 10.12%

7. Wealthlifters (Eddie) 10.08%

@Infofirst, your kind perusal, please

Congrats to all the winners above.

Fundednext and mffx boys are still pleading.
Anything anything

We don’t mind

Beggars are not choosers

Marshmallow1000:
I expect a huge buy projection on EU tomorrow 🙂
What your thoughts on that guys

I think the bearish pressure might continue till like 1.08 ish

Its all pointing down

The only ish now is the search for entry

rhynoemmie:
Gbpchf moved without me

Let me see if eurchf will tag me in before the rally up.
Daddy needs some paper

Being disciplined is difficult. It sometimes makes you wonder if you’ve crossed the line from being disciplined to just being a scared trader.

Price came close but decided to leave without tapping me in..