₦airaland Forum

Ok so my intuition worked on this one and reduced my loss on the buy to 27pips sl, the sell stop is in 10 pips gain and I'm pretty excited about this one because I hate trading with sell stops and buy stops.
But knowing that oil is inversely correlated with usdcad, if I expected the oyel to go up then the loonie had to come down. Trading is an accumulation of a whole lot of varying factors, open your eyes and you can always spot the opportunity. Don't follow the crowd that stick to their primitive knowledge of the game and limit themselves in every ramification!

saxy4c:
Yes I am breaking a major rule by moving stop loss. But with the last candle of USDCAD I dont think i want to risk too much anymore. I'd set my sl to 27 pips only at 3118 and also set a sell stop there with sl 40pips above. Tp open

AUDCHF BUY 0.67250
SL:0.66700
TP:0.68500

The last gold call is up 80pips, the other 2 are up 50 and 150pips respectively. 280pips cumulative isn't bad for the small risks we put on gold. Going to let the trades ride now to the promise land.
This is how some people make it oh!! Make use of this opportunity while it's available, once I blow I will be showing once once like the likes of @pipnator10 that @infofirst had to invoke out of their dwelling sanctuaries this morning.

PS:
Gold is trying to shake off weak hands the next move either way will be bloody. I'm only hoping it favours me, I no be God.

saxy4c:
I see gold giving me one more opportunity to load on my buy so I'm taking a final bullet:
Buy GOLD 1471
SL 1467.95
TP 1495

saxy4c:
Buying Gold again 1474.60 sl 1470 tp 1499

saxy4c:
Gold has one barrier to face at 1464 down before it can go to 1420, if you want a good RRR trade again buy at 1464 sl 1459 tp 1500!

Need not mention, your request would be adhered to in multiplicity. Thanks once again, a lot we all can do if we work together.

PIPnator10:
Oil does exactly what we predicted.

@Saxy4c You should be smiling now.
Plus your AUDUSD should be good too.
If both trade goes well then you owe me.
Use the proceed to buy food for one person on my behalf.

Oyel is up 45pips, they will not come and and see how price stayed around entry for almost 3 hours before this move oh. Thanks @pipnator10 for the high morale, although you have missed!!

saxy4c:
Ehen! Because all I have been seeing is buy buy buy. @firstinfo you might want to take a look at this. As you summoned our Oga, let's try to squeeze out all we can from him before he goes on another hiatus. In other words you're telling me to take this trade, ok.

Buying OIL 60.60
Sl 60.20
Tp 62.00

EURAUD has missed tp by 4 pips, let me take profits here with 95pips at 6200. Cheers.

saxy4c:
During my off day yesterday, I Closed my EURAUD buy in 150pips profit and took a sell, attaching proof for the kalo.kalo bros them. If you're holding please take whatever profits you still see. We have now taken janglova up and down profits on this mad pair so far. Let's tame these mar-ket-s together in simplicity.

NU hit 18pips SL before the second sell that's running in good profits.
GU has given us 100pips till now.
I've reversed my AUDUSD bias, if the new trade doesn't win @pipnator10, you will pay me back oh!

GU has hit sl of 40pips
AU still around entry and moving GJ sl by 5pips to 142.95 for small breathing room.

saxy4c:
Sure has helped me.
Audusd buying now 0.6854 sl 0.6821 tp fully open
Also
Buying GBPUSD 1.3110 SL 1.3070 TP 1.3170
Buying GBPJPY 143.45 SL 143 TP 144

Interesting, so what news is this trade based off on?

Fxwarrior:
This is December, festive period. Vacation period.

Nevertheless gold might fall.

Sellstop at 1470
Target 1460

Now see the gold trade I took just before the close of the last candle. Can you see how those 3 candles before my entry candle and even the entry candle were aggressive sells?
Anyone would've been scared to take a buy trade at that level but would be rather comfortable riding the strong candles down. That's psychology .
But I knew in advance that 1471/2 is a strong barrier because @infofirst mentioned and price reacts all the time there although I can't see anything at that point till now. Also Dollar index was dropping just when price got to support, same time? MMs we dey see as you oh
See? The courageous buy against the initial graggra of the 3 candles before has come out with about 30pips in less than 30mins. I'm not saying ignore candle patterns bro, just don't solely rely on them.

saxy4c:
I see gold giving me one more opportunity to load on my buy so I'm taking a final bullet on gold. If these gold trades go south it will pain me small sha.
Buy GOLD 1471 SL 1467.95 TP 1495

Donvic4u:
engulfing and pin bar ...can we call dat a rejection?

Yes I am breaking a major rule by moving stop loss. But with the last candle of USDCAD I dont think i want to risk too much anymore. I'd set my sl to 27 pips only at 3118 and also set a sell stop there with sl 40pips above. Tp open

saxy4c:
USDChf buy limit @ 0.97860
SL : 0.97560
TP : 0.99460

usdcad buying 1.3145
sl 1.31057
Tp open

I see gold giving me one more opportunity to load on my buy so I'm taking a final bullet on gold. If these gold trades go south it will pain me small sha.

Buy GOLD 1471
SL 1467.95
TP 1495
And I expect gold to go up then indices are going down down. Already exposed on nasdaq and sp. Going on:

Sell DOWJONES 28280
SL 28350
TP 28080

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

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

GU is now running in 120pips profits almost 6% . I emphasize on certain points because I want us to change our mindset. Some people see forex as a game of loss loss loss. I'm only trying to show you that with a bit of patience, you can make a living thorough trading. Just keep watching .

saxy4c:
GU has given us 100pips till now.

My brother these candle patterns at trendline line points is just a game of suwe to me, forming all sorts of continuation and reversal patterns at the same spot, except just like 3 I've always used and their efficacy have been satisfactory to me. The only two patterns I see at trendlines are firstly, if price gets to trendline and quickly bounces then I'm on the right side.
Secondly is purely time, if price struggles around a reversal point for a long period of hours or days, the way it was doing around 6600 for KIWI, then I also feel I've got some correct people trying to gather muscle in my direction as well and I'm confident in my entry.
How many times have you seen a pin bar right after you saw a bullish engulfing.
Price is King.

Donvic4u:
engulfing and pin bar ...can we call dat a rejection?

So sorry for the late response. Yes, for me I've posted my entry on here. Trade still hanging around the kalo-level [a few pips away from the posted point] but not bad to dive on and join in!

peteregwu:
Good morning guys! Am looking at eurgbp, help my check, is it time to sell? Thanks! @saxy4c and others

Ehen! Because all I have been seeing is buy buy buy. @firstinfo you might want to take a look at this. As you summoned our Oga, let's try to squeeze out all we can from him before he goes on another hiatus. In other words you're telling me to take this trade, ok.

Buying OIL 60.60
Sl 60.20
Tp 62.00

PIPnator10:
Let's see..
I don't trade oil at the moment but I did market the weekly S/R at the start of the week.
If should trade it today, I will be looking for a buy as long as price doesnt break the support at 60.295.
If that support holds, I think also price will go beyond the resistance at 61.00.

Note,with the new USDCAD call, I've switched direction on this trade that gave birth to the kalo-kalo traders club of Nigeria
Took the 40pips it gave me at par with my risk, not bad for 3%.

saxy4c:
USDCAD SELL 1.3170
SL 1.3210
TP 1.3030

During my off day yesterday, I Closed my EURAUD buy in 150pips profit and took a sell, attaching proof for the kalo.kalo bros them. If you're holding please take whatever profits you still see. We have now taken janglova up and down profits on this mad pair so far. Let's tame these mar-ket-s together in simplicity.

NU hit 18pips SL before the second sell that's running in good profits.
GU has given us 100pips till now.
I've reversed my AUDUSD bias, if the new trade doesn't win @pipnator10, you will pay me back oh!

saxy4c:
EA has given us a sweet 130pips profit, time for me to close my sell and attack a buy with a healthy RR. You guys can see what I see, just look. These are some other trades I'm taking.

EURAUD buy @ 1.61575
SL : 1.61400
TP : 1.63500

GBPUSD Sell @ 1.31805
SL : 1.32115
TP :1.28000

SELL AUDUSD 0.68650
SL : 0.68750
TP : open

SELL NZDUSD with 18 pips Risk @ 0.65720
SL : 0.65900

News ahead. Let the thrill begin.

USDChf buy limit @ 0.97860
SL : 0.97560
TP : 0.99460

usdcad buying 1.3145
sl 1.31057
Tp open

Na una type dey lead sheep go slaughter house come run abi?
The setup met all my parameters and my 33pips risk looks sweet for whatever rewards I expect on this. Thanks a whole lot for the caution, but better be a sheep than a pig on the sidelines.I no wan carry last.

PIPnator10:
You dey vex oh.. lol
I havent actually done anything on that one. (AUDUSD)
Normally price will make a second attempt to break the support..
Where is fails to break it, thats when I will know it's a buy but if it breaks it, then its a sell for me.
So I am waiting for that scenario to play out.


**Sometime I miss out, enter late or even make a loss on a good trade while waiting for the scenario to play out.
I guess that trading/learning too.

Adding to this trade:
Buying EURNZD 1.6935
SL is entry of first trade
TP same 1.7200 of initial trade.

saxy4c:
Finally I'm buying EURNZD 1.6870 sl 1.6820 TP is around 1.7200. This supports my NU sell and also considering the RRR from here with the inverse scenarios on the NZDUSD trade. Have a pipful week ahead. Taking a power nap now.

You have an opportunity to.earn while you learn in this industry. Good luck to you my waterside brother. Tobra

solitytv123:
yh thanks, i still have a lot to learn

Sure has helped me.
Audusd buying now 0.6854
sl 0.6821
tp fully open

Also
Buying GBPUSD 1.3110
SL 1.3070
TP 1.3170

Buying GBPJPY 143.45
SL 143
TP 144

PIPnator10:
AUDUSD..
Break or respect the trendline?
I hope it helps someone make a trade decision.
Good luck.

Thanks for sharing all these clear and concise points sir, your pictures sure speak more than a thousand words. Would it be too much to ask that you do oyel chart for us? Trying to gather the morale to join @infofirst.

PIPnator10:
AUDUSD..
Break or respect the trendline?
I hope it helps someone make a trade decision.
Good luck.

This is the reason I took the tp on my EURGBP buy. I'd be joining you on this sell here risking 70pips from my initial buy profits:
Entry 8500
Sl 8570
Tp very open.

PIPnator10:
EURGBP..
Selling this one.

I don't know why it was you that responded to my enquiry because I already knew I would not understand whatever response you would give and look at it now, you have totally discombobulated my thought process this morning.

I don't know that 127 is an important fib level,168 is much stronger across traders. Besides with my limited knowledge of maths, you can't use an assumed figure to postulate a formula, so your method was already dismissed when you randomly adopted the assumed 127 fib. Besides from my simple maths Range means difference in high and low. Week Average means adding the difrerence of the 5 trading days and divide it by 5 to get the average range for the week. No be so?

I don't know that any pair moves in a constant range, if that were true then do you know how much money one can make from just waiting on the sidelines till the range for the day has reached then enter and make a killing? Sorry the markets I trade aren't that predictable, never would be.

I also don't know myself to be associated with anything that would complicate my trading strategy which i constantly show its simplicity here. Especially when it is not giving me money, what am I doing with it?

Finally, in all humility,this advice is from deep compassion I have towards you. I don't understand why you always come up with one advanced mathematical strategy or the other that still isn't showing results in your trading. These things to me are just a show off or a ploy to attract the next person you'd fall out with. We all know that you have something up there but why not follow one of the simple strategies available from a few of us on here and start to see real results?

meshpips:
@saxy4c, do well to drop your comment about the weekly range stuff you were trying to point out.

Abi my post has cleared all doubts in your mind?

Bro, this jags jaga is what my view has been on EU since last week, so it corroborates your view. But if you might have noticed, I have an EUphobia, that pair scares me. I will not join your sell although here is a good point but I'd wait to buy lower. Good work!!!

bojbest:
Eyeing EurUsd. Looking to go short. Asian session push down was massive.
Will go short at the retest of that trend line, if proce doesn’t come to us, we wait for the next opportunity....maybe retracements after the push down.

Then this trade should try and wait for some people to come and join in because with your impact involved, it should be heading to TP almost for a fact, so no crying wolf or kalo kalo later

infofirst:
Took this with you. All the best to us. Mental sl in my own trade thou.

Thanks sir, your acknowledgement is a great deal.

infofirst:
Bravo. Maximum return on risk.

Bros na them show me the way, I dey only follow.

infofirst:
Na Una no want gold to go southy. No worries. Bull and bear will chop. Only the pigs will be slaughtered in between.

This gold entry is up 150pips so far.
Still expecting a break higher as long as holding above 1464 my bias continues bullish..nearly target sits at around 1500-1505 area with fully retest of September high at1556 looking likely....I will hold gold buys and look to add more higher.

saxy4c:
Gold has one barrier to face at 1464 down before it can go to 1420, if you want a good RRR trade again buy at 1464 sl 1459 tp 1500!

This trade is up 70pips, @solitytv123 hope the chart gave you some clarity to negate your initial view.

saxy4c:
NZDCAD looks like a nice sell to me, bringing up charts soon. The RRR looks amazing from this level but then its probabilities eventually. One other reason that gives credibility to the setup is the heavy divergence I see on the daily and high pressure to retest the last broken downtrend line. This is the trade I'm entering now.

NZDCAD sell here @ 0.8700
SL : 0.8745
TP about the same 300pips we caught on earlier buy according to the chart but now at resistance. I like to always sell resistance at first touch especially at higher tf.