₦airaland Forum

We made it!
Happy New year to us all. This would be a mighty good year!

I think it's usually opened at the start of the year?

AyoII:
Who is opening forex trade alertz 2020

Your broker drink ni? What do they mean by "small account, small returns? Is it not you paying them? Even on a 1k account is that not 1.6% increase? Better leave those people.lol

bojbest:
Last Win.... 2020 go plum

Trades we'll be going into 2020 with:

Leaving this P.O. it was 19pips to trigger at a point, would be painful if this rises without me after waiting 120pips for it to drop to the buy limit

saxy4c:
Buy limit eurnzd 1.6600 Sl 1.6500 Tp 1.68000

This got up to 58pips holding.

saxy4c:
EURJPY SELL 122.30 SL 122.65 TP 121.00

This got up to 50pips, holding.

saxy4c:
SELL EURAUD 1.6015 SL @ 1.6045 TP 1.5940

Currently at Entry and missed sl by 9pips! Then the other 2 oil trades posted earlier.

saxy4c:
@pipnator10 @infofirst, I have made it with oil money!!! I am going to take a counter trade, I think I see something from here, I'm joining you @infofirst.
Close it with 80pips at 61.40.

Selling Oil 61.40
Sl 62.40 tp 56.40

@pipmarshall these are the UJ trades although just noticed one closed off in 3R.

This guy running in 110pips

saxy4c:
If you missed this trade or ran away from it too early like some people I know , another opportunity to take a chance.

Also running in 110pips

saxy4c:
I'm not sure I get what your enquiry is about but I use between 20 to 80pips on my trades. But I'm mist comfortable with 33pips sl. Really depends on my risk appetite for a particular setup. Let's take this setup together:

USDJPY SELL NOW @ 109.67
SL 110.00
TP 108.40

This running in 72pips, not quite at my 2R target yet, extending for more.

saxy4c:
I'm going to anticipate your reversal to test the broken trendline and short on USDJPY now... this also coincides with a monthly trendline.
Entry 109.328 sl 40pips tp close to the broken trendline. Looking to get around 1:2 on this setup.

Happy 2020!!!

jaygee1:
Almighty Allah has been using you as a guiding angels for us that truly appreciate you and you shall be blessed In Sha Allahu.

Amiin!! Bless you too brother.

Ah! If I don't notice those clean beauties without makeup that you post who will? I hereby christen you the chartzGeneral

PipMarshall:
If you have noticed.. I don't post indicators on my charts.

Gbagam! Gbagam!! Gbagam!!!
Market has closed for 2019!!!

My head no too dey this one but I expected a corrective wave to 1.295X then a swing up. If I had not closed office for the year my trade would be buying at 2975 sl 2920 tp is up. Below 2920 invalidates this count. Do you need me to draw a count? Markets have been heavily manipulated especially in the last 2weeks but it also is giving us an opportunity to catch a trend and ride it with minimal risk.

PipMarshall:
USDCAD..
What are you elliot traders seeing?
I am looking for sells..
Now in my sell zone.

My brother make that 95%, it's a proven fact. You are right. Market is just fatalism. We are all just gamblers but making calculated bets over varying factors of analysis. You really dont like what you don't like

AK284:
Your opinion based on the limit of your knowledge

Bros bros I know you be chairman but try not to follow that oversold/overbought thing on all indicators. It will fail you 80% of the time! I use RSI for one thing only. If you know how many months Indices have been crying overbought, the thing just dey change gear from new high to new high. Na beg I beg oh, no vex

PipMarshall:
Alright

This is convincing break.

I will sell anytime from now.
Pip Marshall is ready to strike.

Bearish below 1.3015.
Invalidation if price ever trades above 1.3400

Target. 1.2050


14 period RSI on 4 hr.. 13.8.. And the thing is still dropping..

I need a retracement first.

voraz:
I agree with you sir.

My good Sir,
Don't get the wrong education. I'm a technical trader and also am guided by maybe 5% fundamentals. But when fundamentals decide to mess you up, it does it with no respect to all the technical analysis in this world. I know a few guys that are pure Fundamental traders and when they explain how they trade you'd say you've not started. They hold trade for years and make millions!!!

AUDUSD
Australia from 2002 leading up to the Financial Collapse; as insatiable demand from China drove growth throughout Australia, unemployment got very low and inflation moved very high. The Reserve Bank of Australia (RBA) moved to increase interest rates, and currency prices followed. Never gone back to parity since then.

EURUSD
In 2008 the world's worst financial crisis in almost 80 years caused a global recession. Many European countries had huge government debts but Greece was worst affected, with a spiralling spending deficit. It had borrowed much more money than it was able to make in revenue through taxes. That was the high for EURUSD

USDCHF
On January 15, 2015, news came out that the Swiss National Bank (SNB) unexpectedly removed the peg of 1.20 francs per euro. In the initial reaction to the news, the Swiss franc rallied a massive 30% versus the euro and 25% against the US dollar. The move caused major upheaval in the markets and even forced some foreign exchange brokers out of business. Alpari.co.uk I remember sent me back my money that they they were heavily invested in the swiss and they have shutdown

GOLD
The price of gold peaked in 2011 at $1,921 and has been on a slide ever since. It now trades around $1,500. Why?
It was in response to the news that the United States would default on its debt. Since then, it has fallen, as the U.S. economy has improved and inflation remains low. That day I blew a large account and never traded without a sl even in demo!

GBPUSD
Let's not talk of the GBPUSD that has never gone back to 1.7000 since the news came out from the bank of England that they were going to devalue the pound?

USDJPY
Can you remember what caused the USDJPY to top? That night I woke up and that was the first time I turned my laptop upside down so that my trade would look like it was buying because the drop just refused to stop. Why? BOJ finally decided to change its interest rates to weaken the Yen so exports would be better for them. Price has never gone back up since then, it's been down down.[/quote]

saxy4c:
Now for my final trade of the year 2019. I'm buying
GBPNZD 1.9595 sl 1.9575 tp 5R. This would just be sweet if it works out.

Gbam!! 5R Achieved!!! 100pips to the pip on 20pips risk!

Firstly I would like to thank God who has been my beneficent in this Forex journey. You showed me the way in trading and I'd forever be grateful to you.

Secondly I would like to thank the people here who constantly uplift me with their kind words and encouragements, trust me I joined this forum at the worst time to trade in the year, wait for what you'd see in 2020 insha Allah.

Lastly @theyoda @fmusty, this is the last time [I promise] you'd get the honor to be entertained in my mention. Yes I lost 15% in 2 Days[Slowspokes don't account for the numerous other wins and running trades] but I've got it back in 90mins with 20pips risk! I don't know what I'm doing so leave me in my folly. You are no where in any way close to my level and I would never join you in the mud. Oya Bolanle....

I will be here to help those who need it and I would do it year after year. I'm so excited that now I beg to host the next season if I'm seen worthy to, I will only grow this lovely thread and ensure we shine the light to Nigerians on the great propensity forex trading has.

It's been a great 2020 for me. We can all do better in 2020!!!
Can we open Season20 already?

Just for those that won't mind carrying over a nice setup into next year. I'm not taking it. Could sell Gold 1522 SL 20pips TP 200pips.

Welcome back sir. I'm curious to know, do you do counts on the 4H strictly?

voraz:
Oga @Infofirst, we are smiling today

Now for my final trade of the year 2019. I'm buying
GBPNZD 1.9595 sl 1.9575 tp 5R. This would just be sweet if it works out.

Close both trades here with cumulative 25pips loss. Structure looks broken.

saxy4c:
I'm going to sell GBPNZD here at 9590 again sl 40pips tp open.
Selling GBPUSD 3200 sl 40pips tp open.

https://twitter.com/realDonaldTrump/status/1212014713808273410?s=09

GOLD is going down Baby!!!

voraz:
He did!
Trump tweeted.
Dashed the Dollar small strength

I see an alternate count to yours. GBPUSD may go down to test 1.25-1.27 area to finish the 2nd wave or b wave of the wave C. After then...the wave C will bring gbpusd back to retest 1.40-1.42. But we are Wave (ii) sideways now, so your trade could work out in the short term. Let me do a quick chart on my PC.

voraz:
Last one for today.GU is at a nice reaction spot (50% fib).
It currently has a 5-wave structure, the only position I'll be looking to take will be the continuation of the buy if it retraces to my box.Maybe I'll be able to eat with @peteregwu next year :PTrade safe everyone.

Oh did I miss something? I thought you needed clarification when you asked me this?

wiconse:
are you trading what u see or what you think

[quote author=wiconse post=85381927][/quote]

Kaboom!!! And that's how TP has hit on this. Don't worry guys the market takes but it gives back much more. I'm glad we could make double of of our risk on this, dont let those candles scare you, I would continue to nag on this till it sticks to your heart. @wiconse have you understood something now? I care about your accounts. Don't trust me, trust the trade.

saxy4c:
Don't let this market noise scare you, hold this trade for sl or tp it already got us 40pips profit but the 2R to come would be better.

I'm personally going to take out my TP for this, I see a deeper correction going to around 1500 on gold, that was one of the reasons for closing my earlier buys. Good luck to us all as we wind the year in some profits.

saxy4c:
Don't let this market noise scare you, hold this trade for sl or tp it already got us 40pips profit but the 2R to come would be better.

Don't let this market noise scare you, hold this trade for sl or tp it already got us 40pips profit but the 2R to come would be better.

saxy4c:
Yikes! This trade has hit sl for both with 105pips, we'd get it back!
Selling gold for short term 1524 sl 1527 tp 1518.
Still holding the other 3 buys.

This guy is up about 100pips

saxy4c:
Crude oil sell 61.75 Sl 62. 60 Tp 55.50

Her UK brother given us over 140pips. More to come.

saxy4c:
Final trade before holiday.
Selling UK oil XBRUSD 67.95
Sl 68.50 tp open

Market structure seems to be pointing at a repeat of 2008 where GBPUSD fell 6000pips in 6months. If we can catch that drop with a reasonable sl, that would be something! I'd try to settle down to do a wave count on this but everything points to down.

infofirst:
Interesting. I set a pending at that 50%. It picked. Am of the view it shd take it pass the last low of 1.290* and possibly take it to 1.278**... I have noted your 1.2011*** and will see the reaction. If gu survive that 1.201** and blow higher. Then it is time to learn Elliott wave be that. Till then. We will see, earn and learn.
Good insight. Gracias.

Look at the indices, there is absolutely no explanation from all corners on why it's been going one way all through this time. Pure market manipulation. Just add Trump's tweet to your indicators. Notice the market levels he posts his tweets and what happens. That guy will sure get arrested when he is out for insider trading. That RSI addition is key at these times.

PipMarshall:
Trump is the last person you should look to for a strong dollar.
Man wants a weak USD.

More blessings to you.

Sunnycliff:
Happy to have had a fulfilling year in Forex this year.

I was able to finish my house project and my traditional marriage.

This thread was worthy and I am happy to have followed through the pages tho I had a break at some points within the year.

Best trading experience was the Aramco Oil Refinery Attack in Saudi Arabia. Made a whopping $1500 in less than 2hrs from a trade of -$300. I saw the real time effect of Fundamentals!

Just Almost exactly 8yrs to this day 29th Dec 2011 Candle. Do you see anything?
Sorry I didn't ignore you. I just wanted price to move so I can show you a succinct analogy.
I explained yesterday that I trade based largely on intuition[ what I think] and the charts just help me in a pictorial form.
See the candle that I closed my trade, it was a strong candle right & it didnt make sense for me to sell? Then the candles right after almost 40pips move!! So I've kept my over 300pips and added more, don't think that's bad.

Do you know some traders trade just strictly on market manipulation? I can't trade solely on that because I'd have to look at charts everyday to find only 6 to 10trades in a month with 50 to 60% accuracy. Check out one of my mentors, if you're interested don't pay the $297, I'd give you my own access.

https://www.daytradingforexlive.com/day-trading-forex-education-course/

Let me know.

wiconse:
are you trading what u see or what you think

I'm going to sell GBPNZD here at 9590 again sl 40pips tp open.
Selling GBPUSD 3200 sl 40pips tp open.

Account growth is key!

peteregwu:
Now this is paying off. Am gonna end in GODS blessing today.

Changed my mind. I better take these at 1523 and add another entry if it goes lower. 370pips total for the 3 entries.

saxy4c:
All Entries at 1508, 1510 and 1514 running 160pips here at 1516, would hold for more ride up to around 1532 then 1555

Yikes! This trade has hit sl for both with 105pips, we'd get it back!

Selling gold for short term 1524 sl 1527 tp 1518.
Still holding the other 3 buys.

saxy4c:
Adding another sell at 9525 here sl for both 9560. Got some hope on this one, but trading and hope are far apart though

saxy4c:
One love bro, but remember, I am the longest surviving demo trader alive, take my advice at your own risk

Come on people! It pays a lot to go back and read so you can get a full grasp of what happens here. I woke up to messages on why I was wasting time on demo if I could make such good profits, even my man @razsy [i forgive you] is asking when I'd fund my live account?
For clarification purposes, I could be quite sarcastic.

My COMMITMENT towards bringing more people to the light I've found in trading and excitement knowing that we have a community of Nigerian traders keeps me here.
I AM A FULL TIME TRADER.
A MEMBER OF THE MARKET TECHNICAL ASSOCIATION.
AN AFFILIATE TO A COUPLE OF BROKERS.
A WEEKLY CONTRIBUTOR TO daytradingforexlive.com

This place is a faceless forum and I know the propensity of Nigerians to always drag a good thing down but it's only the results of our works that'd show for us. We can do a whole lot when we strive together for our collective good. I'm not perfect, I have bosses with an edge over me here. I learn a lot everyday and I'm ready to share a lot more!