₦airaland Forum

SL hit, Pounds looking like it needs some healthy retrace to cover the gap around 1.3200. Closing my sells and in Buy but once back below 1.2930 then it's all the way to 1.2700/2500 we've had our eyes on for weeks now.

saxy4c:
Trade got up to 160pips.
Adding sell 141.50 SL 141.70

Went straight to SL on this one.
Gold has invalidated my buy bias and now following my sell plan from Fraday close.
Selling GOld 1569.50 SL 1573 TP 1539

saxy4c:
Buying Gold 1571 SL 1568 1583

Entries are always very important for me, you have to get in at a point that 30-50pips can protect for GN,GA,GJ. Funnily it's GU I don't really like, wastes my time before it behaves itself.
But good trade plan, handle a comfortable limit for trade lot size, trade frequency and maximum trade exits and you'd just be heaping pips upon pips that you'd convert to money in no time.

Ummuaisha:
You no sey na jeje I dey, GN don show me shege, I don't just know, not really like to go for it, then I have just 1-3 trades at a go, I don't place much trade so as to concentrate and manage it well.

Trade got up to 160pips.
Adding sell 141.50

saxy4c:
SELLING GBPJPY 142.60 SL 142.90 TP 141.40

Lol, small thing, what is 50pips? When our juniors are posting 250pips charts per day as rubbish?
GBPNZD, GBPAUD, GBPXXX have more moves to go than CABLE, if you took a few minutes ago i posted they are up 20pips.

Ummuaisha:
I don chop 50pips on cable this morning looking another entry In Shaa Allah

Buying Gold 1571 SL 1568 1583

Remember we were looking for Pounds to fall between 300 to 1000pips, it's done only half. Adding sells:
Gbp @2952
Sell all gbp pairs
Gbp usd
Gbp aud
Gbp cad
Gbp nzd
Tp@70pips
Sl@30 pips

Yeah I know, I'm talking of when you were regretting on if you had taken what you took on demo with live account, you would have hammered by now
Then decided you would throw away the demo and trade only live, abi you still trade both?

peteregwu:
Have been trading live since November sir!

Closing, buying, selling....there is nothing like correlation point.

Blackeuropean:
Then tell me where I wrote I was closing. I simply said that point is best safe place to sell gold and where did you see closing?

Blackeuropean:
Please don't twist my words as I see you are fond of that, I said best place to sell is at the correction point, 1580 on Gold, maybe I should 've spelling things out in a drawing board for you to understand, correction point of gold I said equals to the price point, in case I use this next time I hope you don't get confuse and please follow that link to learn much about, I can't keep explaining to avoid spambot again

Guy stop na?

Blackeuropean:
Then you don't understand my posts.
As for correlation, at the current price the market is, its at correlation point, 1580 and best place to sell

Blackeuropean:
Correlation on Gold again, selling to scalp

Blackeuropean:
Gold Bears continues, if you catched that correlation, you should make be in profits on the next down movement

Yeah I'm familiar with it bro, especially the mobile remote version. You see most of those 2 screen & 4 screen or 8 screen setups you see on some big traders desks, a lot of them are setups connected to BT terminal.
Advanced view & differing perspective of information. Sophisticated trade tools that aid you in making better trade decisions etc....

GladmanGoddey:
I dont understand o, have you used it b4?

I know say use 20pips for the other pairs oh, you can see from the other trades that I'm in a bit of drawdown. You should have given 50/40 pips like I usually use. The 15pips was for EURCHF only, you'd recover bro.

sconp:
Stops were between 15-20pips.

You said you were closing at a corelation point, nothing like that abeg. I'm tired.

Blackeuropean:
I did a very good detailed reply to this your post, but too bad spambot deleted and banned me for hours, since you don't know what is correlation of the market and can't find it, let me make it easier for you

https://www.babypips.com/learn/forex/what-is-currency-correlation

If you have $25k to spare and a whole lot more to trade, it's a definite yes.
It exposes you to a whole lot of new stuff.

GladmanGoddey:
Can it help one become a better trader ?

Don't throw away your home training to swines, it's never worth it my dear brother. Move on.

voraz:

Take it 2-3% at a time and you'd see how those "R"s do the magic to the 10K destination in good time. Market is getting quite technical again, watch out for stuff to come bro.

blackman007:
Yes bro it was on my real account, I hope to get this account to maybe $10k lol... God’s willing.... it’s a $1k live account I funded last week.... just keeping it there though...

I would always tell any trader, leave that demo and trade even the smallest lot on real, I'm certain after @peteregwu took that advice his trading has grossly improved.
Tell me how you took the trades on your live account because they mostly haven't moved 20pips since I posted, how did you lose?

sconp:

I took GU trade on my demo account and traded the above 4 calls on my live account and e cut
I'm in profit on demo account and loss on live account

You see these counts you've done for OiL, that's what gave me the mind to take that losing buy OIL, now I want us to compare and discuss something. Would it be asking for too much for you to also do same counts for Gold?

voraz:
@saxy4c Ogami I've not had much success trading oil. I've mentioned this time and time again but nonetheless, this is how I'd trade this if it was a different pair (or commodity)

It's actually a VPS, like a computer online that has its mt4 but no delay in latency so trades you execute on your account would also be executed on the client's account without delay.
You're on the right path to a sure trading venture my man, we dey wait you.

voraz:

True, I'm not good enough to trade on anyone's behalf yet. When I am, I'll come create my own VPS abi VPN here like blackeuropean mentioned.
Pray for me Ogami

Bloomberg is a man oh, actually started out as a trader like us in the 80s, he is even currently against Trump for president, I think he's currently New York's Mayor.
But the guy has put his hand into everything, like Bloomberg Government, Bloomberg Industry, Bloomberg News - like CNN for only and everything business.
The terminal he developed is like an advanced advanced advanced MT4 that has things we still haven't heard of till now. Honestly, we'd never it to flip accounts over and over again.

GladmanGoddey:
is Bloomberg like mt4?

That's not my name but you're welcome my brother. The people that would have enjoyed it the most are those that went in on friday at the top with as little as 30pips risk, but I know I didn't make sense to anyone then.
Anyways, there is always a setup to renter a trend and I'm definitely looking for it.

GladmanGoddey:
If you sold GBPxxx pairs today, you definitely made a lot of pips . @saxy nice call on GBP

When there is nothing to complain about, you start to make up ridiculous things to cry about, but like you can see, they don't even exist to me abeg, waiting for the next post of their running trade in 100s of pips. Abeg brother let's make some more pips.

infofirst:
We have told them not to dupe people. We have told them to update and be transparent. They have improved. We have warned potential clients too.
Please biko. Live and let others live fah

Big bro, nothing you'd say would make me look at oil again, its actually a difficult pair for me to trade, maybe I need to look at it a bit more for a bit of time more, but no more trading of that commodity. Broken my heart too much.
Abeg leave commentators and let's cintinue to generate pips together, good to see you here.

infofirst:
Abi o.. 50 obviously is not likely to hold. The monthly close na strong bear. Any reversal na temporary in my view.

I like to hear stuff like this, I hope it's on a real account and not my kinda accounts , more pips to come brother.

blackman007:
I just made 40pips on this trade alone, thank you @saxy4C...let me return to my sideline mode as I sorjourn through my learning curve....

Thanks Bro, 50 won't hold oh, I'm finally taking oil out of my trade list, I am not doing again. I've lost the last 4 oil trades I've taken between december and now, the profit on the lot size isnt even that great.

voraz:
Gameplan on Oil

@Saxy4c great calls on GBP pairs sir.
Just finished going through the past 12 pages ..... I'm tired

If 50 does not hold, I'll be watching 45.20 for the next bull run

Selling EURCHF 1.0675 SL 1.0690 [15pips 3% risk] looking for at least 2R.

Account has got to above 100k, leaving some trades running and taking out 60K.
Taking this 40K up again with these calls added

Adding Sell EURAUD, EURNZD
Then Buying AUDJPY. CADCHF
Copy trades and manage as you please.
100K coming again. Right in front of you

Taken the oil trade with SL at 50 and TP 54.00 let's see how that waterside man's activities can influence the markets

saxy4c:
They had an interview with boyloaf on Friday [the militant wey our government never still find] and with the news feeds they just posted of the summary of the interview with him [I'm still with the BTanywhere I borrowed] I'm going to buy OIL here up to 54.

Ok and I also understand what you mean about BT,you mean the users could private chat and strike deals but Bloomberg itself wont do inside trading abi?

beejaay:
no GBP is not out of anything....actually gbp have effect on almost all pairs just like usd...

Buying Gold again 1570 sL 1568 Tp 1582

Now the British Pound is out of the equation, you have now made perfect sense in your corelation and this is not the experience of a novice at all, very aptly spoken. I'm very very impressed with this knowledge.
US equities have a negative correlation with Gold. I just don't feel it has topped yet, it would be too easy to have topped at that point!!!

beejaay:
most America companies have their products from china especially the tech companies like apple and the rest...

Read up about Forward Guidance and what it entails.

Besides its termed Black Swan, I got really confused on why you were associating news and swimming birds at a point.
Cheers man

beejaay:
no one and i repeat no one and definitely no bank trading desk will release an inside info of P&G to a news terminal

Responding to most of these enlightens me as well as heightens my sense to find out more, but do you really understand what you wrote here?
1. What is smart money and what exposure have they covered?

2. What is the correlation between the US equity markets, Chinese Corona virus [may God heal them speedily], British Pound and the Gold?

3. I'm interested to see this cyclical market movement on the 4H as I love to discover these elements in my trading?

beejaay:
the last bull run was just for the smart money to cover there exposure which have been done already,

fundamentals will be favouring equity market as uncertainty of the coronavirus is getting taking care of and britain economy will start getting clearer...

a cyclical movement is almost formed on the 4hrs chart