₦airaland Forum

A small buy at the 1939 of the channel bottom is a worthwhile risk with 25pips SL would like to see reaction around 1952?

Gold broke the short term channel back down, a good time to either close your profits with 150pips, take some partials or get risk free if you've made quite some other profits and willing be risky risky....

saxy4c:
100pips up!!!
Gold has broken the anticipated level.
She would start by taking out the 2052, then 2054 then 2057 stops. Before you know it. Na so 2100 go dey look person like magic next week.

A good trade plan would be to start to look for buys with stops below 1950 minimal risk as compared to the reward potentials.

1H close above 1950 shows that the bulls had enough momentum to overcome the bulls for 1hr.
I want to see a follow through of a reaction every time price touches the channel. Until the hold is sustained for 4H and then close above on the D1. Then I'd look to add.
But if it suddenly collapses, then its a false break according to we retail traders and then I'd sell as hard I've ever tried.
It's possible to follow these markets bit by bit and get an edge in the end. You'd be wrong atimes, but when you get it right, it far outweighs any interim losses.

100pips up!!!
Gold has broken the anticipated level.
She would start by taking out the 2052, then 2054 then 2057 stops. Before you know it. Na so 2100 go dey look person like magic next week.

A good trade plan would be to start to look for buys with stops below 1950 minimal risk as compared to the reward potentials.

1H close above 1950 shows that the bulls had enough momentum to overcome the bulls for 1hr.
I want to see a follow through of a reaction every time price touches the channel. Until the hold is sustained for 4H and then close above on the D1. Then I'd look to add.
But if it suddenly collapses, then its a false break according to we retail traders and then I'd sell as hard I've ever tried.
It's possible to follow these markets bit by bit and get an edge in the end. You'd be wrong atimes, but when you get it right, it far outweighs any interim losses.

saxy4c:
The buys in Gold from earlier have hit TP.
I'm now buying GOLD 1944 SL 1939 Tp 1980/2000 as she has hit a new D1 high and retested the the turn coat support.

The buys in Gold from earlier have hit TP.
I'm now buying GOLD 1944 SL 1939 Tp 1980/2000 as she has hit a new D1 high and retested the the turn coat support.

saxy4c:
Trade closed and reenteredat same level. As long as Gold holds the 1920 level on the D1,there is high possibilityof testing the 1980/2000 levels again.
Higher probability setup is to buy the dips from these points.

Trade closed and reenteredat same level. As long as Gold holds the 1920 level on the D1,there is high possibilityof testing the 1980/2000 levels again.
Higher probability setup is to buy the dips from these points.

saxy4c:
Move Gold SL up to 1927 and let run or close on small accounts with 70pips.

Move Gold SL up to 1927 and let run or close on small accounts with 70pips.

saxy4c:
Buying Gold 1929 SL 1923 TP 1945

Buying Gold 1929 SL 1923 TP 1945

1885 is a good TP for these trades.
Have a splendid evening good people.

saxy4c:
Let's sell Gold at 1918 with Sl at 1921. It's worth the risk at this point.
Also set a sell stop for Gold at 1911.5
I'm thinking for a large target. A moment please.

Let's sell Gold at 1918 with Sl at 1921. It's worth the risk at this point.
Also set a sell stop for Gold at 1911.5
I'm thinking for a large target. A moment please.

saxy4c:
Adding sell Gold 1935 SL 1939 TP 1923

Adding sell Gold 1935 SL 1939 TP 1923

saxy4c:
2 things are key for today to determine if the Bulls still have momentum.
If Gold closes above 1960 and if Gold closes above yesterday's close.
A very high probability trade is selling against prices close to 1950 to probably make a new low. But once price goes above 1955. The bulls are coming again.

Selling GBPJPY 139.26 SL 139.66 TP 137.76

2 things are key for today to determine if the Bulls still have momentum.
If Gold closes above 1960 and if Gold closes above yesterday's close.
A very high probability trade is selling against prices close to 1950 to probably make a new low. But once price goes above 1955. The bulls are coming again.

saxy4c:
Please I'm closing Gold at entry and selling 1945 SL 1951 first target 1930.

Closing out the Gold buys as well as I'm not too comfortable with the reactions around 1950. Not too much confidence in bulls with that. But if Gold closes higher than yesterday, then there is a plan

BTC is up about 4000pips now, secure profits.
The target remains 8000pips, it should come InshaAllah.

saxy4c:
1910/2 is a good buy for Gold above 1900

Buying BTC 11195 TP 11950 SL 11105

Please I'm closing Gold at entry and selling 1945 SL 1951 first target 1930.

saxy4c:
Buying Gold 1945 SL 1940 TP open.

Buying Gold 1945 SL 1940 TP open.

Chfjpy hit channel objective. Close the CHFJPY with 150pips and let's ride it down now.
selling 117.15 sl 117.35 TP 116.90
Before and after which is now before

saxy4c:
Buying CHFJPY 115.65 SL 115.25 TP 117.00

Buying NZDCAD 8730 SL 8670 TP 8850

Closed out trades and would look for good entries to sell again.

saxy4c:
1910/2 is a good buy for Gold above 1900

1910/2 is a good buy for Gold above 1900

Buying BTC 11195 TP 11950 SL 11105

Fxwarrior:
At what position are you buying again?

As long as price is held by 1960/70 there is a favorable chance for price to retest at least the 2020 level again where I would now start to look for Sells to target the 1920 area. But if the drop continues, then we are going to 1945.
A perfect sell was the 2052 i targeted as TP on a previous buy but my ogas reversed price from 2050!!!

Price action from end of last week has turned bearish as I mentioned in my quoted post and I'd begin to hunt for sells on rise now.
Physical gold is even now selling at a discount price, nobody in India is buying again. Looks like that long awaited healthy correction downwards has begun. But she would rise again at the right time

saxy4c:
Now for the next hint on how to follow this lady.
Gold should begin to range between 2020 and 2080 now. Buy at prices Close to 2020 as long as it doesn't go below 2017 and can hold till around 2060/70 to observe PA. What matters now is how gold closes today and this week. Closing below today's low,buyers be careful, if it closes below yesterday's low, then I have some more explanation to do.
Why did I Sell when everyone was buying this morning? We analyze these things in simplest terms on the group.
Enjoy the usual after meeting before although I went in with the least lot as it was counter trend.

Have a great weekend people. Never have a losing week

Buying Gold 1988 SL 1982 TP 2025

EURGBP Buying 8979 SL 8959 TP 9139

50pips up, recovered initial loss. Moving stops to BE and really don't care what Asai does today, apparently they like to buy Gold.

saxy4c:
Too tempting not to by Gold 2022 with SL below today's low aiming for 2052

Too tempting not to by Gold 2022 with SL below today's low aiming for 2052

55pips up.
I'd be expecting USDCAD to consolidate in this area and an impulsive move to the 3700 area. This is not EW, it's not showing enough bearish pressure continuation of the W1 broken wedge.

saxy4c:
Selling USDCAD 3390 SL 3420 TP 3310

Thanks a lot for this bro, just wish folks would read a bit more. Are you on the challenge?

We are warmed up and in high spirits for the 100to5K project and it's due to consideration of requests to participate that we didn't start this week. Over 50people so far from last week, let's see if this week brings another 50 so we get off from next week.
Pumped up for this, let's begin to cast our nets, we would get there InshaAllah. We would create a thread to follow up on the project as I won't be posting updates on calls i didn't make here
Thanks for your confidence guys.

hidhrhis:
Check his signature and join the telegram group their
He will answer all ur questions their

We could take a chance on buy 2043 for those not in GOLD trade but risky. As long as price stays above 2040, we should be aiming for 2052 and 2085 next.

saxy4c:
Both Gold entries from Friday and today up 550pips, moving SL to 2038 now for secure profits.
Patience is key, to eat fat in this game.
Sold from the top,, bought from the bottom. It is very possible to be at the forefront of a trend. We can all learn how to.

Both Gold entries from Friday and today up 550pips, moving SL to 2038 now for secure profits.
Patience is key, to eat fat in this game.
Sold from the top,, bought from the bottom. It is very possible to be at the forefront of a trend. We can all learn how to.

saxy4c:
Risky trade.
Avoid Gold on low equity.
I'm adding Gold buy 2026 SL 2016 for all trades. First target 2052 aiming for 2080.

Selling USDJPY 105.97 SL 106.09 TP 105.07

Selling USDCAD 3390 SL 3420 TP 3310

EURUSD looks good BUy 1785/90 with 50pips SL.
Buy NZDJPY 69.90 SL 40pips TP open.
Buying GBPUSD 3050 SL 3005 TP open.

Risky trade.
Avoid Gold on low equity.
I'm adding Gold buy 2026 SL 2016 for all trades. First target 2052 aiming for 2080.

saxy4c:
Plan on Gold still remains as is. Still looking at the Sell limit set at about 1500pips above before any substantial downward move on Gold but I'm curious to see what happens around the 2080/5 first.
Trump also won't just shut up and we discussed on the group regarding the impact of this news on Gold and USD.

I'd advice firstly though that fundamentals are not something you should focus on at the start of your forex journey. They just give you unnecessary added load. If you get the Technical Analysis right from a larger perspective, fundamentals most times favor TA.
I can't know for certain what would happen as the human mind interprets news differently, but as I've always stated, Gold has disrespected a lot of TA lately and has been on a one way journey up because of purely fundamentals. America is printing money at an alarming rate, the more cash you throw into the system, the less your reserves [in cash and commodity] are, and that results in a weaker currency.

Read about Risk on Risk off currencies online, but in summary when people run away from the dollar, they buy more Gold whether it is at a high price or not. It's the whole America, China, Russia love triangle that has been making Gold sky rocket without having a proper Techinical retrace. It could go either ways but we are in a buy from almost the bottom of Friday, so I'm not worried. But once 2009 is invalidated for Gold, then there is a totally new plan on how to trade for the coming week.
Cheers.