₦airaland Forum

Set the trap and allow the bush meat to enter. Our forefathers did it, Gann did it, Fibonacci guy did it, we are repeating and rinsing. But remember "I have no strategy"

wiconse:
i am waiting for that drop to 2500.still holding my sell till next week except sl is hit

I'm going to show you another strategy I use for only Gold. If you forget everything you know about trading technicals and follow just this for Gold, you will get 80% correct trades. But now I'm aftraid to share it because they say if you post here it won't work again [Bull crap!!!]. Just open your mind and try this. If you can control Gold, you are a good trader trust me.

I've converted the timing to our Nigerian time so you can follow exactly.
First make sure your charts are clear, remove everything including the grids at the background. I see the charts pure when the background is black for Gold chart. Only have period separators on, on 15 minute chart.
-first put a vertical line at 10am on what the price is. Price action from market opening to 10am is the action you will Analyse [Go to my previous gold calls on the morning and see I post after I wake at 10am ].
-measure the distance from the market opening candle to the highest point up which happened up the 10am vertical line.
- then do the same for the lowest point
- if one way goes over 4.80 points then it’s very likely to reverse in the other direction
-if both directions are under 4.80 points then you follow the trend with the most points.
- if both directions are over 4.80 points then you will see 2 massive reversals and chop both directions
-the time between 10am-1pm is validation zone of where direction should go and price normally calms down when in this time zone.
-when measuring, you measure from the furthest part on the candles including wicks [spikes tell me a lot]

Today was a perfect example, I used this kalo kalo move to catch the down move yesterday then the up move today. We had a move straight away up of 5.40 points then it reversed like expected but it also reversed at 5.9 points down to 1591.94 by 10am which indicates another big reversal is coming up. That’s how we got the upwards movement today.

To get the areas where u will TP, just draw the trend lines where corrections happened in the opposite direction. You have the lines in an angle like I did in link. Once you got the correct angle you copy that line onto all points of consolidation that’s happened that day.
If this doesn't work most of the time then pursue me from this group. The chart attached is how I took the buy today. My Sl is usually 50 to 80pips.
Kai! I hate to teach oh....

sconp:
I am curious as to the strategy you used on gold, as the sell and buy were both correct. made some profits off them

If you relaxed, you would have missed out on this 20pips that has doubled my risk. 6% on one trade is not bad already, but I'm greedy and looking for 30% at least. Let's see what the EU session brings, signing out.

AK284:
Saxy4c
Relax small this EUR/USD still dey fall ooo.

You would be a great trader Madam. You would remember this learning curve and smile in months to come that you have become a much better person.

Ummuaisha:
Learning always bro, even from you sef every knowledge worth learning in forex, even you only settle for those that make you consistently profitable.

https://www.dover.gov.uk/Corporate-Information/Brexit/Brexit-Home-Page-Britain-leaving-the-European-Union-Brexit.aspx

If this News happens next week then there might be no need to trade this February oh. For the last vote in June 2016 for only BREXIT vote, GJ moved 2600pips in one direction and I think GU around 1800pips in one day!!! Imagine how many thousand pips it would make on the actual BREXIT move, my heart is beating. That was my year of deliverance and I have never stopped believing in lines and it's super powers since then.

I want GU to go to 2700 at most 2500 area before this BREXIT, the trade to buy from there would be just too easy to target 1.3500 to 1.400-1.45, 2000pips easy for a day like that. But the way GU is behaving it may already heading up to break 1.3500, on this one I still am confused on how to catch the buy with small drawdown. Just two lines I'm almost certain about for now.

Albeit, I still personally am in favour that we are still on the final stage of the wave c of (b)...if this count is right...the wave ( c ) will play out next and take us to 1.2500 In Sha Allah. @blackeuropean please we need expo on what the people that own the market are saying. I can't miss this bonanza

Anytime.

Gentlevin:
Thanks bro for your response. Really appreciate.

I'm glad you got the joke bro, always stick to what works for you, chikena!! But I'm not a scalper oh, that's @blackeuropean,I just trade opportunities I see,I'm most concerned about my risk the rest works on their own [I don't know what classification of trader that is]

AK284:
It seems you're a scalper, anyway inasmuch you making profit from your analysis, people's opinions doesn't matter.

Guys I think EURCHF has reached that time to buy.
Taking a shot at 1.0708 SL 1.0675 TP is very open for now. This looks irresponsible as I'm buying both EU and UCHF, but one is already in good profits and only one other trade can go to loss. Good odds for me.

AyoII:
Exactly.... My Outlook, A pinbar rejection of the key level... will siganal something special else it will be time to chill and wait on how things unfold

Another thing, God created us all lovely but you have created a very ugly chart . I can't do any proper analysis with all you have going on there. A sincere advice is that you get another window with just plain candles. That way you can draw a more proper TL.
Also you are ignoring the spikes in your charting, big mistake I had to unlearn from my earlier teachers. Include the most recent spikes especially on higher TF, you'd begin to catch a lot more of their mago mago.

AK284:
break out downward.

why wait for then when I can risk 3% of account with 10pips and wake up to like 15% growth tomorrow? It's either there is a diverging way I draw my lines[which works highly for me] or you guys are seeing break outs the way the Market Makers [the ogas that pay me],want you to see it. Remember how USDCHF showed BO to many then swallowed with over 100pips. @infofirst made a valid observation but the market is always subjective.
All I see here is a perfect bounce of EU from a strong TL. And I'd take advantage of it for as much as it can give me. Trade is up 10pips already 1R

AK284:
Saxy4c
Relax small this EUR/USD still dey fall ooo
Perhaps you wait till tomorrow if you insist on buying I believe it will retrace tommorow or late night, but on long term it seems to have break out downward.

Thank you for this, I'm encouraged to share more even if only you gains something.
Go to October 2010 to 2012 and see how price reacted around this level we are in now, that helps me to get my strong levels, of which I mostly buy above and sell below. Origin of the 2 horizontal levels. That's always the first thing I do on any market, check how investors behaved in the past, most times they repeat same behaviour traits.
Then there is a clear triangle on the daily, so I simply sell on the top and buy at the bottom looking for at least 100pips on each trade as the triangle squeezes to breakout.
I keep my buys longer because I suspect price should break higher soon, as it has refused to go below the important level of 1540 for almost 10 trading days now and USDJPY is showing some weakness of the USD,[coincidence the weakness is happening just when GOLD wants to explode?]. We are on the 5th touch of the triangle now so it should most likely break and take us up above 1580-90 levels [I didnt get these levels randomly, look at what happened 05.04.2013, the next resistance after this level was 1581, then 2days after 1590 rejected price downwards.]
Gold respects technicals a lot but an added advantage to fine tune your entry and exits is by understanding the market sentiments of the commodity, she is a very emotional lady but also quite brutal . Available for further enquiries like my plan if this buy plan is negated. Always battle ready.

sconp:
I am curious as to the strategy you used on gold, as the sell and buy were both correct. made some profits off them

I'm adding another buy to EURUSD at 1.1039 SL for both is 10pips below here at 1.1029

saxy4c:
Market is just a waiting game. EURUSD has now dropped 30pips to my point of interest.
Buying EURUSD 1.1060 SL 1.1030 TP 1.1180 looking for 5R on this.

For now that has been working for me, it's like @PipMarshall has travelled tonstart work with MT4 and is doing some wuru wuru things for us, maybe that's also why I've not chopped ban in a almost 2 weeks now oh, oya I've looked for trouble

infofirst:
Infact correlation atimes ehn... Each pair traded independently is better.

Sir if you're interested in joining the JPY down forecast, I could do charts on how we can reenter any pairs you are interested in with minimal risks.
You guys have been doing a great work to have been in the game all this while, we can all do greater together.

saxy4c:
Thanks bro, glad you benefited something. I see JPY pairs all going down for now especially if USDJPY goes below 109. Then it'd start to rain those birds from heaven that fed the prophet and his people in the Holy book .

Ah the trade has left 45pips and is 110pips profit oh. They are only carriers of bad news my dear, I'm sure they have looked tire and seen nothing to cry about especially as the trailer they sent failed brake
Don't worry, they would soo. resolve to join in ghostly enjoying the profits, soon it would be back to back profits In Sha Allah. Thanks so much Ma.

Ummuaisha:
Good job boss mi I hope those coming here to rubbish your good works are busy taking these calls

GBPCAD a good sell at 7273 for an expected HS. SL 50pips, expecting 6R on this.

I'm in buy with some confidence because JPY is showing me a clearer picture of the USD weakness than the CHF which I've been screaming is doing ojoro. @PipMarshall come and draw chart na?

PIPnator10:
EURUSD..
Head and shoulder pattern?break out around the blue arrow like?A break out and retest wouldnt be bad if it happens.@Saxy4c ..If we get a clear break out on EURSUD and price stays on top of the blue highlight on that USDCHF chart I posted earlier, I might consider buying it.

If you missed this first Sell you can renter here at 109.55 with 10pips SL [as that was a strong support now broken]and aiming for 100pips.Its a good risk worth taking.

saxy4c:
USDJPY is giving another sell opportunity at 110 SL 110.40 TP 5R

Market is just a waiting game. EURUSD has now dropped 30pips to my point of interest.
Buying EURUSD 1.1060 SL 1.1030 TP 1.1180 looking for 5R on this @PIPnator10 I'm in buy already, I like to strike while it's hot so I'm in less stress when others are going for the cold part.
Won't be surprised USDCHF and EU move in same direction these days.

saxy4c:
Eurnzd sell 1.6813
Sl 1.6890
Tp 1.6700

Today ecb interest rate decision data in about 2hrs. Kindly ensure to use SL for euro trades. EURUSD, important point 1.1060-50.

Good reaction off that level, trade up 36pips almost 2R.

saxy4c:
Audusd buy 6842 sl 6822 tp open

Paying off slowly. Trade up 15pips, let's hope something gives it some speed. Lines are very important in trading. They simplify the data of our natural human reaction at certain psychological levels. Rinse Repeat.

saxy4c:
Been waiting for NZDUSD at this level. Buying 6590 SL 6570 TP 6700 [I'm glad its Thursday ]

Trade up 60pips. ECB rates unchanged not much impact on the markets.

saxy4c:
Eurnzd sell 1.6813
Sl 1.6890
Tp 1.6700

Today ecb interest rate decision data in about 2hrs. Kindly ensure to use SL for euro trades. EURUSD, important point 1.1060-50.

Gold trade up 45 pips, let's aim higher.

saxy4c:
Closed Gold Sell at 1553 for 90pips.
Buying Gold again at 1553 SL 1545 TP 1570[
If break of 15M clutter, trend should most likely continue.

Closed Gold Sell at 1553 for 90pips.
Buying Gold again at 1553 SL 1545 TP 1570[
If break of 15M clutter, trend should most likely continue.

saxy4c:
Closed Gold at 1562 with 100pips. Selling 1562 SL 1572 TP 1551

Eurnzd sell 1.6813
Sl 1.6890
Tp 1.6700

Today ecb interest rate decision data in about 2hrs. Kindly ensure to use SL for euro trades. EURUSD, important point 1.1060-50.

2nd entry up 115pips 6R. First entry up 50pips.

saxy4c:
Adding another sell at 9210 with same SL at 20pips. Stayed up for Aud news. Rates are good!

Bro I've been studying this your Gold chart and it seems to be in line with the gold trades I am taking, what pattern is this in Gold?
What timeframe is that 23 fib level?

voraz:
Trade Reasons:
- break and retest of previous high
- 23.6 fib level
- Gold sells (should continue)

Weekly trendlines tend to give the market some fire. Suffice to say we have a classic break and retest on the weekly with strong divergence. Then on the daily it retested and rejected with a strong candle. I have some confidence on this one, but as you should know, my ways aren't pure

VeeVeeMyLuv:
yea nice one, this pair have been too dull lately.

Thanks a lot Sir, I see you have become a sharp VAR. As my head no fit carry complicated VCRAP calculations make I use the jaga jaga VLINE wey dey give me more joy than pains. Even though your guy man say VLINE na nonsense.

infofirst:
. Kudos bro. That usdcad was a spot on. Thumbs. Keep em up.

Closed Gold at 1562 with 100pips.
Selling 1562 SL 1572 TP 1551

saxy4c:
Trade 2: Buying Gold 1552 SL 1546 Tp open

Been waiting for NZDUSD at this level. Buying 6590 SL 6570 TP 6700 [I'm glad its Thursday ]

VeeVeeMyLuv:
just be patient you will soon find a clear picture. Most times Monday's and Friday's can b a hard nut to crack

My brother it's this time my brooms keep getting missing so I decided to do night watch this time, plus I hardly ever miss AUD news.
Permission to fall out sir, please carry on from here with some insights on the next moves from the bloomberg guys. I hear those people are the market makers I work for but I'm never allowed to see

Blackeuropean:
Don't over trade, I'm surprise to see you online by now on here.