₦airaland Forum

@MrUnder you see price went up 60pips after this cluster formed again. That's quite good for a trade taken off the 1hr charts.
Market is basically a religion of certain patterns, they will fail you sometimes but be consistent in identifying and know the filters to use in taking your entries. Rinse Repeat, Rinse Repeat

saxy4c:
I look for patterns and divergence especially at certain levels. Look at this.

Buying USDJPY 107.95 SL 20pips looking for 5R at 108.95

Same to you.

steveblue:
Happy New Year to all Traders in the House , May the Pips Shines Like Diamond Along Your Path as You Journey into the Ever Mysterious World of Forex.

Cheers!!!

Trade up 50pips. That's 1R so far, got a few more hurdles to cross but I like the pace the journey has started with

saxy4c:
Eurcad buy 1.4465 SL 45pips looking for 6R on this one at 1.4735

Bro if it was about right or wrong, I for be binary master oh. We're looking to make pips and translate it to money with each others help right?
I duff my hat that you have the heart for such wide stops but like you said, with my bull milk and your bear meat, we could both enjoy a wonderful meal together.
If traditional works for you bro, by all means stick to it. I have a tremendous weakness for breakouts even though they play out a whole lot of times but they also mess with my heart too much and I'm a jealous lover, can't stand the is she fake or not dilemma.
I have a hard time putting a time frame to my trade plan. I've seen 500pips in a couple of hours and also waited 2months for same pips, just crazy markets bro!

PipMarshall:
I doubt it's a matter of right and wrong.
We could both win from out positions.
My stop is way high up.
Plus I actually wouldn't mind a retracement to sell at a higher price.

But in all honesty..
With traditional technical analysis.. This is a bear market. [/b]I mean long term.. [b]Say 3 months from now.. Price should be trading lower than present level.

If it goes up.. And I identify the end of the retracement.. I sell again higher up.

Despite how you break my heart atimes, I still like you. It's beautiful when we can see things in an aligned perspective even though I don't know what I'm doing.

I like very low risk trades, therefore I set my entries close to highly likely inflection points, its higher probability for me to risk the small distance before the next strong barrier at the 138.2 fib and set my gaze on the bountiful pips that could await me all the way to the point of the upper channel which is around the 23 fib I think.

Trade like this often and I promise you more wins than losses. If price goes back to the 138 fib, my trade gets invalidated. Rinse repeat, rinse repeat, rinse repeat.

walexy100:
2931 is the 138.2. fib ext of 3041 and 3327

Now dont scare me man , got on this for a couple of reasons:
*At the bottom of a strong daily, weekly and monthly channel.
*Don't see any divergence to suggest a break for me.
*I don't see oil going on much higher when the news effect wears out
*when oil goes down USDCAD goes up
*then finally lack of volumes on this last down leg.

I don't know what the ChartzGeneral sees but you know you could still be aligned with the market forces. Let me see if the big news around 8pm would boost the trade or quickly tell me how I was wrong for this act of mutiny.

PipMarshall:
Hehe.. Just when I was shorting.
Chai.. Shey I have not open wrong trade like this

Buying USDCAD 1.2980 SL 1.2930 TP 1.3180

Usd ISM Manufacturing data bad. Plus FOMC coming up in a couple of hours time, I wont be surprised to see gold at around 1555 next resistance for gold is 1558. If that area breaks then I'm aiming 1600 if it doesn't then mad RRR back to about 1000pips below.

I look for patterns and divergence especially at certain levels. Look at this.

MrUnder:
That was revealing.
Eye opening, more knowledge just acquired.
High quality knowledge.
....And that should be the ideal things that should be happening here....
How about when you chose to exit your trade before your initial tp. What patterns shows up?

Happy new year sir!

Shevychen2:
You can't say this without knowing the actual leverage though.. Definitely not on a 1:30 broker. Not even 1:200.

Happy New Year guys..

Trade stopped at BE after going up 50pips.
On to the next one. Most probably next week. Markets just awkwardly choppy today. Annoying.

saxy4c:
Buying Gold 1546 sl 1542 TP 1560.

This trade is based more on risk sentiments as a result of the news and I only tried to use technicals to get a low risk entry. If you notice, USD is being bought and then Gold is being bought as well. Doesn't make sense.
What I'm certain is the ideal scenario is when there is risk aversion like in the case of wars or news of wars, people dump other assets and rush to buy gold.aliation to those who killed the commander.
Gold did not give me the retrace I expected earlier in the week so I believe it would be bullish for the rest of the week and should break the $1550 soon.

Bro if you stay long enough in the market you'd be able to interpret different kind of news because at a point it's basically just the same kind of news that repeats itself over and over again. It now becomes wash and rinse,wash and rinse, wash and rinse.
Now apart from the normal news that comes periodically like NFP, FOMC [which is today by the way], Interest rate release, Etc which you can find the major news release for the day on forex factory news section. There are other news release that are unexpected and would need you to put things together to interpret them.
Futhermore, if USA goes to war with Iran, with all the noise Iran has been making, they are no match for the US as proven by their several missile tests that failed despite their leader over boasting about them. Investors would naturally bet on USA win and of course USA would take over their oil facilities which would make USA richer so people would rush to buy the dollar. That's what happened in all of USAs wars in the middle East, so why wont it happen again?
It's not something you are taught, follow news channels and forex news blogs or financial news channels like Bloomberg or msnbc and from seeing news actions time after time after time, you'd just be able to determine the resulting market effects and reactions.

solitytv123:
how do you get so good in fundamentals please

Brotherly, this is not my name!!!
Why not add the correct link to your signature so its easier to join at a click, all that spacing thing makes it seem dodgy. Besides sharing contacts on here is against NL rules. No chop ban oh.

maxdozie:
I already created one... People are joining.. signals are been dropped .. but are still awaiting sexy4c

Buying Gold 1546 sl 1542 TP 1560.

This trade is based more on risk sentiments as a result of the news and I only tried to use technicals to get a low risk entry. If you notice, USD is being bought and then Gold is being bought as well. Doesn't make sense.
What I'm certain is the ideal scenario is when there is risk aversion like in the case of wars or news of wars, people dump other assets and rush to buy gold.aliation to those who killed the commander.
Gold did not give me the retrace I expected earlier in the week so I believe it would be bullish for the rest of the week and should break the $1550 soon.

40 pips sl hit on EURJPY. 1R loss
USDJPY still at entry. Wonders of forex. Signifies a move is still in the cards.

saxy4c:
Buying EURJPY at 120.71 and USDJPY at 108.01. SL for both 40pips. Update on targets later. I see quite some retracements coming.

Yes bro, that shattered all technicals. Likely mini war as U.S. Forces moved to Baghdad. If Iran in war, oil output from them will decrease and US output increases.
U.S. production also directly affects the price of oil. With so much oversupply in the industry, a decline in production decreases overall supply and increases prices.
Makes sense, the market is already trying to price in the increase in prices.

MrUnder:
Trump ordered the killing of one Iranian commando for inside iraq

No not yet, it's in the works for my project but then I can join @maxdozie group and post signals there now I'm aware of it.

forendals:
Saxy4c I suggest a group will be better to drop signals, do you have one?

I definitely missed this. I was just being careful. It's not a bad idea especially as there seems to be some time lag here when trades are seen and it won't be bad for instant notifications. We'ld talk.

maxdozie:
It's clearly not your initiative, I explained to you that most of us on miss your signals and it would be lovely to create a group so we won't miss signals ..

I also boldly stated that who ever joins the group ain't paying for anything... it's just a free group for signals which I invited you to

Check the image below

Eurcad buy 1.4465 SL 45pips looking for 6R on this one at 1.4735

This trade given 40pips. Initial entry given 130pips. Cumulative 170pips. 6R so far

saxy4c:
Adding to GBPUSD sell at 1.3130 moving the SL for the first trade to BE at 1.3220

For those with this entry it has given 34pips. 1R so far. Secure your trades.

saxy4c:
Good job! For anyone looking to join this EURUSD ride. You can enter sell here at 1.1186 If that lingers we strike again higher with tight SL of 30pips. May the pips ride with us in 2020!

Our 2R objective has been achieved. NU given 40pips on the 20pips risk. Trade closed.

saxy4c:
God has been graceful to us with this first trade of 2020 and given 40pips so far with this lovely lady.
Can we risk 20pips from our bounty and sell
NZDUSD here at 6700 with sl at 6720? Let's look for 2R on this but you can cut the trade if it gives 1R on a small account or let it run.

Adding to GBPUSD sell at 1.3130 moving the SL for the first trade to BE at 1.3220.

saxy4c:
Cable not bad for a sell with 30pips SL and open tp.

I was going to comment on this much earlier yesterday but now I'm extremely curious to know why you placed this sell limit at the time you did. UK oil alone got to almost 230pips and I couldn't catch up to half!
Alerted me to set my sl on all my oil trades in some profits though but this oil spike took me by surprise.

voraz:
I chose to link a MyFxbook account as @meshpips opined.
I'll find the link and drop it here
Goal: Double anytime within a space of 3 months without risking too much

Trade stopped out at BE after giving us almost 60pips. Would be back for Gold again once I see a setup.

saxy4c:
Looking for a great RRR trade?
Sell gold 1528.5 sl 1532 TP open looking for 8R on this one.

Selling AUDUSD 6970 SL 40pips tp open.

Buying EURJPY at 120.71 and USDJPY at 108.01. SL for both 40pips. Update on targets later. I see quite some retracements coming.

Closing all 3 UJ sells here. Smell retracement soon. Closing both sells at 109.67 and the one at 109.32 at 108.10 for a cumulative 434pips.

All this rambling is for everything else to do but trade. If anyone is very conversant with myfxbook let me know so I send you credentials to add an account to the portfolio and you send me the link. I've wasted the last over half an hour of my life trying to do this and I give up.
I'd need to link the first ever live account I've traded. Lion no dey born goat. If I've successfully traded demo for the past 3 years, I can repeat it on this Senior demo account. Oya, myfxbookers come and help me please.

peteregwu:
If anyone here is telling to prove to him that your account is live account, i don't think their is anything wrong with that as long as you are true to yourself. After all they can't steal the money in your account from there.

Language especially in public tells a lot about how you're brought up!

wiconse:
Guy u dey f**k up oo

Signature adjusted accordingly. I apologize for the misrepresentation. Thanks for the great advice. Can the live traders now post their myfxbook links before they post any calls again?

infofirst:
Those that wish to attach their account to myfxbook shd do. That way we will know the serious traders from the demo and play play traders. And future traders will know who to take serious or not. For me, I will prefer to be an unserious trader here. And a demo trader as well.