₦airaland Forum

Closed 2nd leg of GJ @ 124.89 for for +37 pips. 1st leg still open.

Logged on to see my second buy on GJ triggered @ 124.52

Just bought UC @ 0.8063 .

Fingers crossed .

Closed EU @ 1.4445 for +48 pips, near key resistance.

I feel there's more upside, but its 4pm and I just had to bank something (my favorite part of the whole thing )

Besides, EJ is more than able to continue the Euro race for me.

Hmmm, junior beast (GJPY) is showing some initial gra-gra to like -50 pips floating. No worry we know your way, sha do finish dey come house.


2 open trades left.

Missed my ECAD entry.

But EJ is ripe so I bought it @ 110.65.

Also bought GJ (a.k.a the junior beast) @ 125.15 .

That's all I'll take 2day -- let them ride.

Make I go watch TV abeg -- afterall this is sallah  .

Will check u guys once in a while.

Concept:
This is enough for me. I think you are right on the issue of pull back but it is not likely to pass 1.4380. I am already lurking @ 1.4390.

Spot on.

Lets watch the market opening though. Brokers might need some some mad stop hunting as low as 1.4330 to finance any rally expectations.

May buy ECAD soon.

ncpat:
fxsmooth indicator is right in trading forex, it gave a sell signal for eur/usd when price was 1.44930 and now presently 1.44068 meaning 862 pips, i`m waiting for the next alert to enter trade cos i was testing it to see how true it is and now i believe it,

call chuks on 08065942445 to get news on when to trade, c ya.

Oga, that is 87 pips.
Or 862 ticks.

Are you selling something you can't even calculate correctly?

honeric01:
^^^^

My view is that i am tied down on Uchf and can only watch EU dance sallah dance

Did u buy or sell? When and at what price?

Make I help u consult oracle .

^^^
I bought at 1.4397.

The best entry shld have been a bit lower, but as other pairs no show signal I no wan miss this one.

E fit still fall small b4 e rise, but such fall wont be much.

But, open una eyes when those americans enter house o (1pm naija time). Dem fit drag am down small first, make dem sef no miss.

Confirmed wave 3 fall happening on the EU right now (30M chart).

I suspect the whole move may be the retracement b4 bull season (sallah bull? ).

If a wave 5 touches the 1.4373 - 1.4353 zone -- I'll buy.

Closed UCAD @ 0.9792 for 34 pips profit. I believe it has more upside, but I want this slow-creeping mofo off my mind for now.

Total banked today: +204 pips.

Whether I dey go up, abi I dey go down, I just dey go bank, bank, bank (adapted from Femi Kuti).

Wow.
I just came online to find that my recovery GCH sell order all the way up @ 1.3516 (!) has been triggered. I've manually closed it now @ 1.3440 for a profit of 71 pips. Still left the losing leg open.

So, now I've banked +170 pips today -- and my floating negetive is reducing. Hmmm unless this british pound wan jump comot from my computer screen, it shan't escape my chopping.

But this must be a rare day o, for GCH to range 356 pips within one session! Na who die?

Can't do much else for now.

Make I go come.

Final Say:
Hi Guys

I am buying USD/JPY at 76.77. SL at 50pips. Move SL to BE at 50pips if we see it. I expect this to be a slow movement. Check charts below. Happy pips.

Quite a coincidence, my signal gives exactly 76.77 as well for this trade!!

Sadly, I can't take anymore new trades until tomorrow, or at least the asian session.

Meanwhile, I believe this is one of those trades that could be held for a long while (days or weeks) since UJ is near its all-time-low (i.e: cheap SL at stake compared to the vast upside).


Or, what do you think?

Stepped off ECAD for 30 pips profit. Gut feeling tells me to stay in till I hit 80 pips, but rules remind me this long trade was against sell signals on 3 timeframes! Such are the decisions we make in this business.

Banked +99 pips so far today. Will check later to see what happens to that floating negative.

Alas -- the colourful life of the contra-trend trader!

sexkillz:
@ smithereen!
Thant ya EUR/CAD long be as e get o! i noticed a DOUBLE TOP formation on the 4HR chart!

Yes o, my brother: Daily, 4H, and all others charts are screaming sell!!!

I'm just hoping that as the brokers "get ready" for the all-too-obvious fall, I go see small change inside .

Call it a low-leverage, small target experimental trade -- or call it okadaman in action.

Eitherway you would be right.

Long ECAD @ 1.4157

Risky long in a potential bear market. Smaller lots.

OK. Thats my max number of trades for 2 day. I'll go get a life somewhere, and check in later to see if anything looks good. .

I'll wait a bit b4 I long EU again -- too many bears still in the forest -- with red eyes!!!

If I miss this entry, I trust another one will come - especially since this is a major turning point.

(and by the way, I don chop my own euro today -- make long throat no go hook, )

Also, Trichet is speaking in about 2 hours,

I'm Long UCAD @ 0.9758. TP is 0.9814, initial SL is 100 pips. Another contra-trender.

honeric01:
I thought you were only good at the romance section, you like money too?

Sexkillz is still in the right place. Money and romance go hand in hand -- if you doubt this, ask the nearest campus babe, .

sexkillz:
smithereen!
You might wanna recheck your analysis on gbpchf! All my analysis points NORTH!

I agree sexkillz. All my momentum and volume indicators pointed north as well (still do!). However, I tend to read these things differently.

If it does go north, it'll stop at some point, and I'll be waiting,

Please note that I am often a counter-trend trader (a.k.a: an okada rider doing 1-way on the autobahn, ), so MAKE UNA NO FOLLOW ME O (but make we dey learn sha!).

smithereen:
My opinion,

I think we MAY see a little upward movement on UC, however I'd be careful because such movement would be a wave 5 on both the 15M and 4H charts.

As for me, I'm neutral the UC until a sell signal appears - maybe/maybe-not after a small rally on monday/tuesday (who born me to argue with 4H chart?).

As for EJ, I'm getting conflicting signals on multiple timeframes -- make we dey watch.

I personally don't trade Silver, but if I did, I'd consider it's recent luciferic fall from a major high this month, wait/hope for mkt to retrace/climb to somewhere between 42.50 to 43.50 then jump in on any sell signal I receive there.


Of course all of the above is initial theory. As price action unfolds at the start of this new week, one can better refine/abandon the above.

Ahhhh, there's my south train on UC -- right in position, and right on time!

Sold UC @ 0.8134
Sold her playmate Gchf @ 1.3294

Fingers crossed, .

Concept:
I agree with your view eur/usd is going to be a bearish slam because it looks more bearish but still trading in range for now. We have pros in the house; Blog Icon,smithereen, aguiyi & others. Lets keep opinion coming, we will get there.

I appreciate the thoughts Concept, truely as you said, we must keep the opinions coming so that we learn from each other. Note that I could be right or wrong anytime, same as anyone else (nobody controls the market). The important thing is to have a strategy so that whether we are right or wrong, we close our day in profit!

I'll explain:

Shortly after my last post, I went long EU at 1.4476 and now, I have closed at 1.4535 (59 pips profit). As I type this, EU is trying to resolve this arguement b/w people like me (bulls), and people like you (bears), by bouncing around 1.4540. While this arguement is being resolved I have already banked my EU quota for the day by 6:30am on a monday. (Make dem dey argue, my own na to dey bank).

I believe that EU could be starting a wave 5 rally on the big picture, so I'll be looking for downswings to enter brief longs like this until I have reason to believe otherwise. The sad thing is that the switch from this rally to the great fall WILL happen unexpectedly (this is how wave 5s were designed to happen).

But like I said this is MY BELIEF, and my belief doesn't matter because I could be right or wrong. What matters to me is that I have a theory for the day, backed by 2 plans: 1 to profit if the theory holds, and 2 to profit if the theory fails.

I have learned from you and all the great pros on this thread, so I hope that someday, someone too picks up something from my statement above.

Happy Pipping!

Final Say:
Hi Guys

I am calling SELL EUR/CAD at 1.4208. SL at 150pips. Move SL top BE at 50pips if we see.

Hey Final Say,
Thanks for the call on ECAD. I just checked and found out it'd be a great pair to complement my basket!

Good call, and excellent SL placement. This pair definitely due for a fall, For me however, I'd wait to see if it'll retrace to between 1.4248 and 1.4274, then hit any sell signal that manifests there. That way I'm 80% sure of at least a 70 pip fall. If those retracement levels are not reached, then I'll pass up the opportunity, and console myself with the short-term buy zone I see unfolding at about 1.4150. (very brief buy ooo, because the big-picture outlook is bearish, ).

Blog icon:
@umozez, currently, with my system, I can't see a clear cut direction for the EU pair. It has been very choppy of recent with lots of erratic up and down swings.

Since I trade exclusively the daily charts, the choppy movements don't speak much to me I can't really 'feel' it. But what I can see (and is certain) is that the pair has been clearly ranging between 1.4090 and  1.4550 price levels. There are 2 things to be done in this kind of market condidtion:

1. Wait for sell formations to occur at the ceiling (1.4550 price) level to go short.
2. Watch for a breakout of the ceiling level and take long positions on retest of the broken ceiling.

With that said, I would add that for price to make any strong directional moves, there would need to be a break-out from the current ranging condition. I hope this helps in a way. Safe trading.

Completely on-point with my beliefs.

This choppiness you describe is a triangle-type wave 4 which started early in May (see weekly chart). As you can see its ceiling has closed in at this time.

I believe the long term future of the EU is down despite any PR from the ECB. However before that happens we could first see this breakout which you say we should watch out for (wave 5).

Thus if I see a breakout of this weekly triangle (which looks like it's started as I type this) I will be bullish EU for the next few weeks. But always, I'll be watching for the great bearish reversal -- which could come like a thief at night (ask Gold or silver   ).

surveycash:
I see these pairs UC, EJ and Silver heading North next week, Anyone with me or OYO for me?

My opinion,

I think we MAY see a little upward movement on UC, however I'd be careful because such movement would be a wave 5 on both the 15M and 4H charts.

As for me, I'm neutral the UC until a sell signal appears - maybe/maybe-not after a small rally on monday/tuesday (who born me to argue with 4H chart?).

As for EJ, I'm getting conflicting signals on multiple timeframes -- make we dey watch.

I personally don't trade Silver, but if I did, I'd consider it's recent luciferic fall from a major high this month, wait/hope for mkt to retrace/climb to somewhere between 42.50 to 43.50 then jump in on any sell signal I receive there.


Of course all of the above is initial theory. As price action unfolds at the start of this new week, one can better refine/abandon the above.

Finally!!
What a pleasure to find our own community of knowledgeable FX traders! Keep up the good work everyone (except for those people trying to sell some snake systems ooo, ).

I'll definitely be following/contributing my widow's mite here from time to time.

For now, happy Sunday to all.

Dominique,
Please go to the page, try copying the text (the part that talks about the disease), and let me know if you're able to.

Thank you for your informed critique.

Sometimes people suddenly die and we don’t know why. It is really true that people sometimes perish (physically) for lack of knowledge.
I received this alert link last Sunday via email, regarding one deadly health mistake that most of us make without even thinking about it, but which has cost people their lives.

Please read, share and stay alive.

http://5starnation.com/alerts/clean-before-drinking/

Some of our elders rush at any opportunity to show how badly they are OUT OF TOUCH with modern times.

When will they start building old people's homes in this country?

Pastor Chris will always preach what makes it easier for more flock to interact with his Church.

I heard him on TV a few nights ago (in a Cowboy outfit), advising people not to attend (small) neighbourhood Churches. His reason was that, afterall, when we wanted to attend the University, we did not look for a "(small) neighbourhood University".

I'm sure that kind of dubious manipulative talk makes sense to a lot of people, otherwise he wouldn't be in business.

These guys, are just out marketing, and they don't care if the economy (productivity per capita, accountability, intellect) is destroyed in the process.