₦airaland Forum

wiconse:
looking at selling audjpy immediately market opens

GoldPencil:
can someone just give us straight, organized details i.e.

mm/dd/yy
ABCXYZ = so so and so
SL = so so and so
TP1 = so so and so
TP2 = so so and so

instead of all the plenty language wey ppl no fit follow for here. pips paps preps 900 etc

sorry.

i believe those 4 are all anyone needs to know in any signals forum.

saxy4c:
Sorry bro, I didn't get a notification of your mention. There isn't a positive correlation with those two pairs bro, you should be looking at NZDCHF and NZDUSD with these two pairs instead, could teach you in less than hour how to see them sef. Don't worry you'd see this correlation thing easier with time. Let me show you graphically why i took both trades.

People say they trade on higher time frames and hence use larger stop loss. On the contrary, for me it's the inverse. I use the most minimal SL with the higher time frames. Forgive me for crowding here with a bit of SIMPLE graphical reasons as to why I took those trades bro.
Oya, why did I take those trades?
okay, thanks boss

peteregwu:
I no dey slack at all.

saxy4c:
Buy Now EURCHF @ 1.0786 SL : 1.07660 [20 pips] TP : 1.0886 [100pips] Let me leave USD for now.

saxy4c:
Nothing is certain in forex but without looking at charts I can be 100% sure that either your GBPAUD buy or GBPNZD sell would fail. How do I know? CORRELATION my friend.
Simply put if you trade GBPAUD and GBPNZD at the same time and direction you're just trading exactly AUDNZD.
Same thing as when you trade EURAUD and EURNZD at same time and direction, you're still trading AUDNZD
Also, trading:
GBPJPY AND GBPUSD in same direction at same time, you're trading USDJPY.
EURJPY AND EURUSD in same direction at same time, you're trading USDJPY

That's the same way I look to EURGBP to understand why GBPUSD can be selling while EURUSD is buying when ideally they are meant to be highly positively correlated pairs.
Have I confused you? I keep saying I'm not the best at teaching, Don't want to crowd here with charts but look at GBPNZD, GBPAUD and AUDNZD on 10.10.19 and 13.12.19 on the daily chart. See something?

SayDeeJay:
EURAUD looks good for a sell.

Pros in the house, please check.

saxy4c:
Yes bro, that shattered all technicals. Likely mini war as U.S. Forces moved to Baghdad. If Iran in war, oil output from them will decrease and US output increases.
U.S. production also directly affects the price of oil. With so much oversupply in the industry, a decline in production decreases overall supply and increases prices.
Makes sense, the market is already trying to price in the increase in prices.

saxy4c:
One love bro, but remember, I am the longest surviving demo trader alive, take my advice at your own risk

P.S the second EU reentry has favored us with 20pips, enough to cover the drawdown of the first trade. It's now up to you to you to either close the trade in BE total or hold for both trades to give us some good profits. What do you think I'd do?

P.P.S
I'd not usually take reentry in loss but the initial risk was quite small and I had some strong conviction that the behaviour around the resistance wasn't true. At the end of all this, THE TRADE CAN STILL BE IN LOSS.

saxy4c:
One love bro, but remember, I am the longest surviving demo trader alive, take my advice at your own risk

P.S the second EU reentry has favored us with 20pips, enough to cover the drawdown of the first trade. It's now up to you to you to either close the trade in BE total or hold for both trades to give us some good profits. What do you think I'd do?

P.P.S
I'd not usually take reentry in loss but the initial risk was quite small and I had some strong conviction that the behaviour around the resistance wasn't true. At the end of all this, THE TRADE CAN STILL BE IN LOSS.

saxy4c:
Bro, you dey give me work to dig up these posts again, it's tedious but I'd do it for the season
I mention a couple of times that I'm not really as particular on candle formation as I am on levels, does that make me less of a price action trader? I don't think so.
I'm more proactive[it's a lot of work though, but I'm still a kid with ginger ]than reactive in taking trades and basically use intuition to know if to enter a preplanned trade or abort at a level. Now look at this EURUSD trade. Price is obviously coming to a predetermined resistance that I feel the MMs know most people would want to sell. But why such a strong and quick candle formation before the level? They want us to fear that the level wont hold and then panic the 95% to buy or run before the MMs sell aggressively and chop our money!
I commend you knowing that there should be some kind of rejection and possibly a retest before trade entry, that's conservative trading and you'd definitely take less trades than an aggressive trader like me but you'd obviously make more confirmed trades, although I may make more pips because i took the trade earlier.
In summary what you expected [which is a great way of trading] is like the Germans, they make fewer cars that are more expensive but have less people buying it although they hit it Gbim on each sale. I am Japanese, I flood the market with more cars accessible to more people but at chinkini money on each sale, we are the Kalokalo people
Take a look at these examples when I went against the expected reactions [candle formations]and still made the trade "somehow". Some clarity?
P.S.
Watch @infofirst & @pipmarshal, they are definitely using something to see levels I never reach see yet.



This one had the next candle take us straight to tp of I think 110pips that the VAP master said never hit

saxy4c:
Attached is the reason for my EURUSD sell. I got banned for some reason. Sorry for late response.

saxy4c:
This trade is up 70pips, @solitytv123 hope the chart gave you some clarity to negate your initial view.

wiconse:
how does one get to know so much about forex babypips helps but not much.....i have a friend who knows about forex, but he said he is with iml services and i hve to pay the compulsory 217 dollars. all am asking is who can help know and understand forex to a particular point tnx

Fxwarrior:
Okay, you will be added soon. You will receive next week alert via the WhatsApp group. Its a harvest of pips. Estimated pips for next week 500pips plus excluding the Friday carried trades of gold and EJ buys.

Fxwarrior:
You may wish to stand aside and watch how Monday plays out before deciding.

Meanwhile check out weekly candlstick formation. I am not saying you are not right, just giving you another perspective.

ayesco202:
What trading platform is this please?