₦airaland Forum

Toks2008: You can make 20pips with care as euro retests supp 12434 but conservative traders should rather wait to buy since the main trend is bullish on the 4hr chart which means we may be seeing an unexpected bullish surge from time to time so if you must sell please sell with care. Its safer to wait and buy.

the 20pips hacker EA has opened 2 positions and will be opening the third and last one if euo moves lower to test another strong supp 12434 which looks strong to put the bulls back in dominance.

https://www.myfxbook.com/portfolio/20pips-hacker/349461

Just refresh your browser to see the trade activities as it unfolds updating every 5mins.
.

Seems i will be banking a fast 20pips each on the two positions earlier than expected

frenchman2: chart pattern analysis for GBP/USD
price broke out of the ascending triangle yesterday
should today's candle close above .5740 then i'll be thinking long
price projection for this breakout is 482pips from the breakout level.
as the day goes by price action will give us a better picture.
i have placed two buy limit orders at .5710 and .5740
1st tp .5813 2nd .5900 3rd tp .5980
will be taking profit in all these levels but my ultimate target is the resistance trendline on the weekly chart

PRICE IS KING. FOLLOW IT WHEREVER IT GOES

Its not a fake break out. But i wrote a post here explaining how to spot genuine break out:

Toks2008: let me quickly drop a hint about break out confirmation.

If you are expecting a certain supp or res level to get broken, say we are waiting for res 12390 to get breached. You dont just buy immediately because price moves higher to maybe 12400.

You will wait for the close of that candle stick that breached that res to close. you may use the 30mins candle or the 1hr or 4hr for long term swings.

Then you can place a pending buy above that candle say 10/20pips above the high value(attach data window to your chart to view close/open/high/low values of candles).

so lets say the hourly candle breached 12390 and closed with high at 12401, a buy stop at 12411 will be ideal.
if the next candle triggeres that entry then you are 80% sure that that level has been breached and same goes for a supp level.

hope this helps.

So what you do now is wait for a breach of res 15820 then wait for a brief pullback and buy all the way up to the nearest res which will be 15900

Hope this helps

This indeed is a sad story.

http://www.punchng.com/news/fuel-scarcity-looms-as-fuel-depots-shut-down/

endfx1: EU close below 1.2459 good for Sell

1st target 20pips

2nd target 70pips

You can make 20pips with care as euro retests supp 12434 but conservative traders should rather wait to buy since the main trend is bullish on the 4hr chart which means we may be seeing an unexpected bullish surge from time to time so if you must sell please sell with care. Its safer to wait and buy.

the 20pips hacker EA has opened 2 positions and will be opening the third and last one if euo moves lower to test another strong supp 12434 which looks strong to put the bulls back in dominance.

https://www.myfxbook.com/portfolio/20pips-hacker/349461

Just refresh your browser to see the trade activities as it unfolds updating every 5mins.
.

FEMI OLA: maybe that s what the guy is talking about..i saw it in a forum

Actually i have noticed that 70% of the time market usually reverses to close the gap so the strategy makes sense but let me help you out on when to sell or buy.

Now put heiken ashi candles on your chart. You will find this under custom indicators.

When you see a gap occur in the bullish direction, dont just sell as we may see a continuation sometimes. But go to 5mins chart
wait for heiken ashi candle to close bearish or in red.
place a sell stop 5pips below the low and you ca take profit as the strategy stipulates or just go for 20pips with sl 10pips above the high of the closed red candle.

Before i go to bed, let me leave you all with these controversial truths that most of you will understand later.

1.Don't trade Forex full time if you are starting small:Forex trading is best done part time because this will allow you to have the patience required to build that account small or big to a greater level. But trading fx full time may make you get greedy when you think about the bills to pay and you may end up losing again and again.

2.Never borrow money to trade: You have definitely read many times that you must only tard with money you can afford to lose. Borrowing money to trade wil put so much pressure on you and you may find your self trading with tension knowing you have to return that money.

3.Before you trade live, ask your self your daily profit tolerance: I usually ask my trainees one question" How much profit can make you happy daily?" If they say 50usd for instance, i will simply ask them never to trade live account until they see a capital huge enough o give them 50usd daily exposing not more than 3-5% of that equity in any trade position.

4.Avoid trading manually if you cant control greed: : This is one area many traders find difficult to understand. Trading forex manually is even more risky than you think because emotion must set in. I have been in this business for some time and i am not ashamed to tell you that i have not made it to the fx millionaire league simply due to greed.

In fact i have concluded that it may be impossible for me to make it big in this business trading manually and this is why i developed my trading system into EAS.

Its one thing to understand this market or to give accurate signals and another to have the discipline to trade without greed or fear.

Fear is not my problem but greed and this greed comes as a result of overconfidence. So please if you know you cant control your emotions, forget manual trades and put your method into EA to trade for you automatically otherwise you will only be wasting your life with this business.

I hope these piece of advice will come in handy.

erniok: toks, if the fx market follows strictly technical, the market will be following a strict sine wave form and we would have seen 1.8xx on EURUSD before any upward move. i belive its a combination of both fundamental and technical with technical playing a greater part.

Very true.

Technical analysis will show you the possible trend then news release which is fundamental will push price swiftly in that direction.

erniok: the above bolded depends on if there is QE else i dont see EU climbing that high if no QE and ECB reduces rate in sept. my opinion by the way.

Hmm, well many of you will cut my head if i say fundamentals are mare fallacy.

Fx trading is 100% technical(thats my view) but news release only help in propelling price movement in the direction of the trend.

As a swing trader i look at the bigger picture and to blow your mind further i see euro even moving far higher to res 12840. But random moves must take its course and this is why i advised traders wait to buy euro after a retest of strong supp levels.

We see the charts differently but the swing config i see right now suggests that traders should wait to buy euro as we may see series of unsuspecting bullish advancement after a minor pullback until res 12580 get tested(my opinion)

I have a trade system that trades long term trend gathering the maximum pips possible in a define trend.(still testing it)https://www.myfxbook.com/portfolio/long-term-zombie-swing-trading/239420

But the hidden truth is that we need to stick to our trading rules as long as we have come to trust it. making steady profit from this business is very difficult especially when trading manually.This is why we need to be disciplined.

You can study the trading systems im testing at the moment and askk me questions about them. I will be obliged to answer them.

rozayx5: i am selling EU and closing tomoorrow morning

Good luck but if i were you i will wait to buy euro at the test of supp 12451 since you love scalping
a 20pips target will be ideal
euro should continue to wobble in a random move until res 12580 is tested. Infact i may be banking tons of 20pips with this up glide because we will be seeing series of re-bounce off strong supp levels.

unclenna: I think I have hit you were is paining you. .............You don't warn me man .....CHEck this thread well I have never spoken to anyone like this before but am moved to tell you the truth.............No more words i think I have pulled the tuth from your mouth as the above word...........If you want to come as a commercial member nothing do you but don't first front yourself as an angel by using the condemning strategy..............

"don't first front yourself as an angel by using the condemning strategy"

Unclenna please i would like you to quote my comments where i did what you wrote in bold lettering.

Failure to do that will tell go along way to describe who you are. I rest my case.

Pro02: Is Eur/Usd ready to sell now

euro is still bullish and i see it moving even higher to test res 12583 so wait to buy if euro makes a rebounce at a strong supp.

This is why i advised that you follow the test account im running at the moment to bank 20pips after a test of strong supp/res level.Even if i intend to use this system for commercial purpose later, i believe i am transparent enough to allow the public view the trades real time with inv password and also using a link updating every 5mins.

I may not have time to post the signal to buy euro when its due but the test account when viewed will take the trade.

Nevertheless you can place a buy limit on euro at 12455 tp 12475 sl 12400

hope this helps

unclenna: Have you ever heard anybody in this forum saying anything like that or trying to sell system...........since i noticed your presence here i have perceived that in no distance time you will tell people to subscribe to your service.........why do you tell people to go to your account to view your trade if you don't have in mind of selling something ...................If you want to help people kindly give them the system you are using and teach them to use it. Simple.thatz what we do here....but if you will not PLLLSSSSSSS!!!!!!!!!! stop distracting others that have the mind to help others. Thanks...........I know people like you very soon if you don't achieve your aim you will vanish and never to come back........

Well well well, honestly i don't know what to say because i don't even know why you are picking on me.

Lets assume i ask people to subscribe to my service, is there a crime in that? And i also want you to know that there is no crime in selling a system or any service whatsoever but prove to the world your system works.
Now you say what have i done for newbies here and my reply to you is to go back and read my posts on this thread.

Furthermore i have a skype room where i give useful info on forex trading and i even remember posting a link here sometime ago for newbies to read and understand:

Toks2008: For the newbies in the house i would like you to visit this thread i created 4yrs ago here on nairaland concerning fx trading and i believe you will find it quite insightful.

https://www.nairaland.com/208970/trading-forex-right-way

I am glad that Seun has finally allowed fx trading discussions on his forum because back then you will be banned if you discuss anything pertaining to fx trading.

happy viewing.

Unclena please let me give you a note of warning; i am not someone you can batter words with. I am far high in pedigree to trade words with you.

I don't know why you are picking on me simply because i gave a sound advice in order to avoid been scammed. Please be warned

[quote author=raycolz_84]Hmmmm.. You can never please humans, only sometime ago you were saying people should paste details of their profits for live accounts, if someone can actually make over 100% of his account being that you so much believe in your 10%, now you hav seen proof, your saying "lie lie" na wah ooooo[/quote]My brother, i have nothing against traders making insane profits. This is forex and in this business, anything can happen.

If you check page 3 of my website you will see how i hammered down on the fact that online Forex trading is scam prone.
What i am only trying to do here is to prevent innocent people from falling prey to these unsuspecting scam in disguise and this is why i advised that any one interested in buying or using any trading system should scrutinize such system very well before committing any time or money into it.

And some people lie a lot about making jumbo profits and this is why i suggested that any trader who wants to show trade history should show the world (not by copy and paste) but by presenting the investor pword to that account for people to see the activities real time or better still link the account to a fx trade monitoring site where people can view the trader activities real time.

I am not against anybody here but just trying to guide innocent traders who are genuinely looking for alternative income from falling prey.Hope you understand this.

fxbomovi: Bullish divergence on eur/aud 5minute chart spotted with confluence.

In my opinion, i will advice that you use1hr and above to make your trade confirmation because lower timeframes usually gives false trend picture. Thats my opinion.

Toks2008: Lovers of euro should be cautious at this time as euro is in a frenzy mode.

We will only confirm a definite bullish trend if res 12390 is breached so buyers should exit their position before res 12368 as we may see another down glide if the bulls fails to advance.

Trade with care.

let me quickly drop a hint about break out confirmation.

If you are expecting a certain supp or res level to get broken, say we are waiting for res 12390 to get breached. You dont just buy immediately because price moves higher to maybe 12400.

You will wait for the close of that candle stick that breached that res to close. you may use the 30mins candle or the 1hr or 4hr for long term swings.

Then you can place a pending buy above that candle say 10/20pips above the high value(attach data window to your chart to view close/open/high/low values of candles).

so lets say the hourly candle breached 12390 and closed with high at 12401, a buy stop at 12411 will be ideal.
if the next candle triggeres that entry then you are 80% sure that that level has been breached and same goes for a supp level.

hope this helps.

Lovers of euro should be cautious at this time as euro is in a frenzy mode.

We will only confirm a definite bullish trend if res 12390 is breached so buyers should exit their position before res 12368 as we may see another down glide if the bulls fails to advance.

Trade with care.

aguiyi: lawson007 can link you up to a paid service, its less than 10k

well, i paid a little more for mine. Though it has no fixed price. The more complex your method is the more expensive it will be to code it.

case study: guys pls help me out with d code thingy?? Who knows how to code EA's or knows where i can get d services of someone good at that. Pls I need it so bad. Uncle nna, rozax, aguiyi, toks, frenchman, naijababe, anybody..... Please help me out here

sure i will give you a coder. Infact they coded my swing EA and 20pips buster EA. But please make sure your trdaing method is trusted and very profitable before going ahead to code it to prevent excessive spending. Send e-mail(forexrefuge@yahoo.com) to me so that i can send you the website. You can also add forex-refuge to your skype contact so that we can talk free of charge. This is how i train people.

aguiyi: on a public holiday like today and 2morrow, i stay glued to my trading
but on a normal work day, i set pips to 8 and target to 11

small as it may seem, 8pips every day for one month is good bread

Very true and its not until you gun for donkey pips. I am perfecting my skills in capturing 20pips on a position as im so used to swing trading where i go for huge pips. I still swing trade with EAs but i am working on an intraday 20pips target system and so far so good.

aguiyi: pip is the number of pips u want the ea to lock when the target is reached.

in the trade above, i want 3 pips locked in once i achieve 6pips,that way, even if price reverses after reaching my target, i will be stopped out for +3pips

you must be a chronic scalper. No wahala just stay glued to your method as long as it works for you

FEMI OLA: nice one guy!...wish to join ur league...pls can you share ur strategy with me...faanoolayinka@yahoo.com thanks

My friend, look before you leap.

In fx trading we get easily carried away. Now don't get me wrong. Anyone can make good profits from this business but when it comes to strategy sharing and traders showing trade record, there are better ways of doing it in a transparent manner.

Before you use any trading system, scrutinize it by having access to the trades real time using inv password or trade monitoring sites like myfxbook, and many others then check the statistics talking about draw-down, profit break down as well as other vital information before you can ascertain whether a system is good or bad. [b]Never get carried away by screen shots [/b]but insist on viewing the trade activities real time. Lie lie full this bushiness o, be warned.

Thanks.

unclenna: Am ok with my system and with the reasult.....minimum of 400pips in a month........I want to convert it to EA and trade hands free

Thats what im talking about. Just get a vps service that wil ensure your trades go on uninterrupted by internet problems or power problem, laptop crashing and so on. You can get one for 18usd monthly.

Further more, fx trading is not bondage and its best traded as part time business so let your EA trade for you while you have time to do other productive things with your life.

unclenna: True talk.............or will I say TRUEST .....Don't mind me....my EA will come out soon.....@toks2008, I will like to have ur EA....to test run....send to divineannouncement2012@yahoo.com....pls send with the settings and hw it works

Unfortunately the EA is not for sale or lease. I intend to use it manage funds. You dont have to develop your EA yourself except you are good with Mql programming but you can get the service of expert EA coders out there.

Just explain the method to them and they will develop it for you.

infofirst: Good point bro but u will agree with me that eas has made some bankrupt once upon a time because of reliance on it

Yes you are very right friend. But there are many root cause of failing with EAs even the best EA will fail you if you don't use good mm and you also need to test this EA thoroughly before buying.

The Ea i use right now(not for sale) as i wrote before is my own very method put in automated form but nevertheless, i use good mm. I am aiming at 10% monthly and maybe more but i will not joke with money management and this is the main reason why many Eas fail. The users of these EA do not use conservative settings and therefore they blow their account fast and easy. And when i write things like "95% of traders will never make it in fx trading manually",i know what im saying because fear and greed will always set except we grow to a stage where our emotions can be controlled and only 5% of traders get to this level. Even me with all my knowledge in this business still fights greed every day.

this business is a marathon and not a sprint so lets take it slowly and we will get there.

infofirst: This is the time to plan your trade for the week and as we approach London session, you can then trade your plan. Do not let brokers, expert advisor,Margin call, trade ideas writer like me be in control of your trade, be in control of your account destiny and may the pips on our sides be green.

Let me explain a little about expert advisors:

Eas are simply automated form of a manual trading method. If you have a trading plan or method that works for you, there are good programmers who can convert this to automated trading for you and it will trade exactly as if you are the one trading. But when many traders hear robots or EAs, they quickly assume it is one crazy mindless thing but this is not so.

No matter how complex your tading method is, you can convert this into a robot or EA and it will trade exactly as if you are the one and better still, no fear or greed but will trade with the exact settings.

You may not believe this but 95% of traders fail not because they cant tade but because they cant control their emotions and this is exactly where Eas or robots come in.

The 20pips target i have been testing for some time is been done by my own very trading robot i develop using my intraday swing method. I still do some manual modifications but the EA initiates the trade even when im not online because i use a service called VPS service where no internet problem, no power failure but the trades run 24/7. So understand that Robots are simply a trading method of one trader out there so develop your own trading method and if yu like, make it into a robot and tade with ease.

Happy pipping

Traders can now buy euro with ease to res 12381 banking quick 30pips with a sl at 12310 now at 12350

I may not be fast in sending updates here but you can follow up the intraday trade suggestions by logging to this link updated every 5mins:
https://www.myfxbook.com/portfolio/20pips-hacker/349461

trade with care.

If GOD can only open our eyes to the potentials in this country after division then we will pray and fast for the disintegration to happen fast.

The Igbos have a Jewish pedigree, they are very good in inventing things and infarct the igloos will do better than japan and china combined if allowed to have their independence but will never exhibit their prowess if they still remain under the bondage of this slave master called Nigeria.

The Hausas will also do very well in agricultural produce which they are well known for while the Yorubas will make use of their intellect and vast educational background to achieve great feat but as long as we still remain as one nation we may never ever ever reach our full potentials.

OMG! if these 3 patriarchs of Nigeria can say these then why are we still together. Now i know its really GOD's time to break up this country.

Danka7777: Sensible Yoruba man, trying your best to include edo, tactically excluding Onitsha and ultimately luring the Niger Delta Republic into Oduduwa Republic for their oil...sabi better thing o.

Edo can join Oduduwa but Niger Delta will never ever ever have anything to do with yorubas; they have nothing in common with them. People forget that 70% of Niger Deltans have igbo names and can speak Igbo fluently. Many people don't know this. Do you know that late Maryam Babangida could speak Igbo fluently, same goes with Deizani Madueke?

Lol! who says we have no oil in the west? Is it not because of the present national structure that the oil discovered in Badagry,Ogun and several parts of the west have not be tapped?(https://www.nairaland.com/177686/crude-oil-found-ogun-state) I just felt that it will make more sense to have niger/delta merge with oduduwa

Naval sadiq: WE SHOULD LEARN TO PREACH NATIONAL INTEGRATION AND NOT DISINTERGRATION FOR THIS OUR BELOVED COUNTRY NIGERIA THAT HAS BEEN ODAINED BY THE ALMIGHTY GOD.LET REMIND MOST OF U WHO DETEST NORTHERN NIGERIA THAT BEFORE THE ADVENT OF OIL THE REGION SIRVIVED IMENSELY VERY WELL AND THAT TO THOSE OF U WHO CLAMOUR FRO A DIVISION U ALL WILL ASTONISHED AT THE WAY THINGS WILL CHANGE DRASTICALLY.THE NORTHERN REGION HAS GOT ARIABLE LAND FOR FARMING AND A POPLATION THAT IS ENOUGH FOR A REGION TO SURVIVE.AS FOR THE BIAFRANS AND HYPOCRYTIC ODUDUWA IF U RESEARCH WELL U WILL SEE THAT IT IS THE YOUNG AND NAIVE ONCE THAT THAT PREACH FOR A DIVISION.GO AND ASK UR FOLKS AND GRAND PARENTS WHAT THEY WENT THROUGH DURING THE WAR.LONG NAIJA.

Thanks for the rhetoric. Maybe you should go back in history and you will find out that reasonable developmental process stopped after amalgamation please log on to http://www.dawodu.com/akinjid3.htm

The amalgamation has long expired and its high time everybody minds her business.