₦airaland Forum

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.

saxy4c:
140pips up on this. Thats a wrap for me,setting to BE and Leaving trade over the weekend, let's see if price gets to 2048/52 at least.
Could do 2080 and even 2150. I've set a long term sell limit for Gold at 2156/58. Could get there in 2days, 2months or 2weeks, could even go down to 1850 again with this sudden behavior of Gold, but I'm waiting like the wave Master voraz does with his limits.
Have a great weekend family

There is a very disheartening mentality that we as a Nigerian people have adopted. Where we seem to find the way to success but then misdirect everyone else in fear that they would get better than us or attain same level of exposure. It's a poverty mentality that our leaders have instilled in us and one day we'd all break free.

Please, you won't find anything but loss from all those hungry people claiming to have the secret to forex on the radio or wherever and keep marketing one magical system or the other. When you are directed somewhere, ask the person if that is the path they also took to attain their destination and make your judgements from their response.
Success in forex trading is an experience that's only complete when you're directed by like minds who have experienced the pitfalls and would guide you to achieve the benefits of this process with the right foundation.

leaderlegend:
Okay ,thanks

ediplan would guide you perfectly!

Davecharly:
Good day all

Please does anyone know how to decompile an ex4 file to an mql4 file

I'll appreciate if any can help

140pips up on this. Thats a wrap for me,setting to BE and Leaving trade over the weekend, let's see if price gets to 2048/52 at least.
Could do 2080 and even 2150. I've set a long term sell limit for Gold at 2156/58. Could get there in 2days, 2months or 2weeks, could even go down to 1850 again with this sudden behavior of Gold, but I'm waiting like the wave Master voraz does with his limits.
Have a great weekend family

saxy4c:
This 2021 area is not bad at all to buy Gold if you can take the risk SL of 2014

This 2021 area is not bad at all to buy Gold if you can take the risk SL of 2014

So I know barely 24hrs ago I screamed to only buy Gold only for me to come this morning to say sell. Am I confused? Maybe, but confusion is good for any great trader. If the ability to look at the markets from a bull/bear perspective is termed unprofessional because you can eat from the markets from both sides, then I advice we all be confused traders.
Where did the advised buy of yesterday take us? Almost 300pips up. Where has the advised sell of this morning taken us almost 400pips.

Let's get the proper education in trading. It goes beyond personal opinion or ego by being a permanent bull or bear because you think you are certain of the market direction, na your account go cry well well.

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

saxy4c:
My sincere advice to anyone who wants to trade gold, is to just buy at every retrace and set buy stops at break out. That's what I've been doing for months now and that what I'd continue to do until Gold gets to maybe 3000 then 5000.
This is no longer technical or whatever. Just buy Gold anyhow, anywhere with equity that is good enough and leave it. I've picked some at 2050 here.
I'd personally advice, create different accounts for Gold and set times/targets you'd want to close them. Gold is only going up!!!

Buying GBPUSD 3045 SL 3005 TP open.
Buy NZDJPY 8990 SL 40pips TP open.

Close USDJPY with 30pips profits.

saxy4c:
Buying USDJPY 105.60 SL 105.10 TP 107.60

Buying CHFJPY 115.65 SL 115.25 TP 117.00

EURUSD has fallen 70pips to activate the buy limit. May the universe be with us.

saxy4c:
Buy limit EURUSD 1.1810 Sl 1.1780 Tp 1.1900

Buying USDJPY 105.60 SL 105.10 TP 107.60

I've closed my intraday buys for Gold and these are my expectations in the coming hours. I may just not trade today.

Divergence played out perfectly to pick the top of perfectly, now waiting to see price action for the next leg of this move.
It's patience that takes you far in this game. Rinse and repeat. After meets before.

saxy4c:
Bearish divergence on the Pounds. But GBP is strong fundamentally so id rather wait for a break to the top or sell with very tight risk.
Expecting a retrace for an opportunity to buy.

GBP/CAD
IF PRICE REJECTS 1.7493 NEXT TARGET 1.7436

IF PRICE BREAK AND CLOSE ABOVE 1.7493 WAIT FOR THE RETEST TO TAKE A BUY TP 1.7547

Like 20 pips SL

Buy limit EURUSD 1.1810 Sl 1.1780 Tp 1.1900

Great setups as always. Hope the GBPJPY paid you on second entry?

Bornfool:
Buy Gbp CHf sl 1.1937 tp open

Price retesting a support on the daily timeframe

Pic 1 daily

Pic 2 4 hour

I'm not giving anyone advice though. I'm just explaining how I trade gold if you're interested, you can tag along.

Remember this post I made only 2weeks ago on how to join on the Gold train and even just the buy of 2050 today? Look where we are now from March this year added to 2 weeks ago I gave this advice and today's addition.

It's pretty much decoded for us all. Just buy Gold with every $15/20 drop. Even if it falls to around 2030 buy!!
That's what I've been doing since March, but of course I'm not giving advice to those that want to trade 1lot on a $100 account abeg.

saxy4c:
Gold is going up as planned. I have a fair idea where she is going to and how she would react at the 1910 price next, but I'm more interested in how I can find the next setup for we to get about 10,000pips no kidding.
We should see a move of about 500pips correction but I'm not interested in that. Looking for a massive buy opportunity.
I'm about 5000pips up on the last time I I adviced us to buy Gold for the long run. For silver if you bought those bars at the time I adviced, your SAFE investment would have doubled by now. I ask again, what form of physical investment does that in about 4months? I took the trades as adviced and would hold till Gold gets to 3000. I'd close the first buy at 2000 InShaAllah.
A profitable week to us.

saxy4c:
My sincere advice to anyone who wants to trade gold, is to just buy at every retrace and set buy stops at break out. That's what I've been doing for months now and that what I'd continue to do until Gold gets to maybe 3000 then 5000.
This is no longer technical or whatever. Just buy Gold anyhow, anywhere with equity that is good enough and leave it. I've picked some at 2050 here.
I'd personally advice, create different accounts for Gold and set times/targets you'd want to close them. Gold is only going up!!!

My sincere advice to anyone who wants to trade gold, is to just buy at every retrace and set buy stops at break out. That's what I've been doing for months now and that what I'd continue to do until Gold gets to maybe 3000 then 5000.
This is no longer technical or whatever. Just buy Gold anyhow, anywhere with equity that is good enough and leave it. I've picked some at 2050 here.
I'd personally advice, create different accounts for Gold and set times/targets you'd want to close them. Gold is only going up!!!

saxy4c:
My plan for Gold today is SELL ZONE 2053 - 2055 Sl 2058 and tp areas around 2030/17 depending on price action.

Of course selling Gold is High risk trade so i suggest low risks.
I would put a first buy limit at 2030/25

The several rejections at the 2055 area is showing temporary weakness in bullish momentum. Looks like more bearish pressure, so bulls need to find more power at the next demand zones which looks like the 2015/22 area.
I'm not confident with the sell. For me,, being bearish on Gold is very confusing

My plan for Gold today is SELL ZONE 2053 - 2055 Sl 2058 and tp areas around 2030/17 depending on price action.

Of course selling Gold is High risk trade so i suggest low risks.
I would put a first buy limit at 2030/25

The several rejections at the 2055 area is showing temporary weakness in bullish momentum. Looks like more bearish pressure, so bulls need to find more power at the next demand zones which looks like the 2015/22 area.
I'm not confident with the sell. For me,, being bearish on Gold is very confusing

On EURJPY I suggest every rise to 125.30/50 area with about 40pips SL is an opportunity to catch a swing down to 122.50 at least. Pretty easy setup.

Bearish divergence on the Pounds. But GBP is strong fundamentally so id rather wait for a break to the top or sell with very tight risk.
Expecting a retrace for an opportunity to buy.

110pips up, if price breaks 2032, we are going to around 2022 then maybe 2013 for a great opportunity to buy again.
Price rejection under 2046 would give confidence to add sell.

saxy4c:
Selling GOLD 2052 SL 2056 TP 2032

Selling GOLD 2052 SL 2056 TP 2032

Also Sell Stop EURJPY @125.17 then move both SL to 125.32 TP 124.80

GU = GBPUSD
GJ = GBPJPY
Your confusion shows a good start to learning this forex trade of a thing. That shows your desire to get some more guidance and knowledge.
Your foundation in forex education is what would either give you the clarity to trade these markets with a positive edge or be a consistent failure. It's your choice to properly research on how to go.

mohd001:
pls wt is d meaning of these terms GU,
GJ. i am really confused!!!

20pips SL hit on GBPJPY.
Buying again at 138.50 with 25pips SL.

saxy4c:
GBPJPY buying 138.70 SL 138.50 TP 140
Add a buy stop at 138.90.

2032 also a good buy for Gold.

Bornfool:
Naso bro

Tight risk bro, so we know quickly if we're wrong on this

Bornfool:
Make I join you baba

GBPJPY buying 138.70 SL 138.50 TP 140
Add a buy stop at 138.90.

30pips SL on this attempt.
Going to call it a day now

saxy4c:
Closing all buys here and Selling Gold 1994 SL 1997 TP 1976.
Risky trade. But I don't mind risking 30pips from over 700pips.
Would buy again around 1974/6

Closing all buys here and Selling Gold 1994 SL 1997 TP 1976.
Risky trade. But I don't mind risking 30pips from over 700pips.
Would buy again around 1974/6

saxy4c:
And there you have it!!! 750pips on all 3 Gold entries
I keep reiterating. Gold doesn't align to technicals or fundamental bull crap. If you know how to trade it, you know. The rest are silly excuses.
I'd be updating my long term gold buy when it hits the 2000 price Glorious target of about 6000pips.

And there you have it!!! 750pips on all 3 Gold entries
I keep reiterating. Gold doesn't align to technicals or fundamental bull crap. If you know how to trade it, you know. The rest are silly excuses.
I'd be updating my long term gold buy when it hits the 2000 price Glorious target of about 6000pips.

saxy4c:
Adding final buy entry 1976 SL 1971 TP 1985 for all Gold.