₦airaland Forum

Ogboraph:
@ tonjoan pls sorry i mean to QUOTE FXKING i miss quote

No offense bro. That was why I smiled.

Ogboraph:
you said you are a time trader and missing link cant you see the trend ii will advice any one to buy EURUSD now to take first profit @ 1.3298 and secont profit @ 1.3325 dont sell you are at risk

But if you meant to say trend trader, then I'd say yes. In that case, I can stomach some heavy reds if the stop loss is not hit.

Ogboraph:
you said you are a time trader and missing link cant you see the trend ii will advice any one to buy EURUSD now to take first profit @ 1.3298 and secont profit @ 1.3325 dont sell you are at risk

? I don't think that was me. I've never in my entire trading life describe myself as a time trader.

FXKing2012:
You might wanna sell eur/usd now around 1.3280 with SL at 1.3330. Support trade is always recommended as long as it's well timed.

Seconded. Particularly with the sl.

Blog icon:
You are welcome boss! No talk that newbie something again o make people hear am. You're the boss!

Now, I dont knw wat your trading plan is like, but if you ask me, i'd say that your exposing your balance to a lot of risk as all those pairs you are entering all at once are closely correlated. If it works out you hammer big time, but if we are all wrong about the sell off on eu, wahala dey o!

Anyway, you seem to be a very experienced trader and sure knw wat ur doing. As for me, i'm only long uchf with a tight stop of 50 pips and looking to cap it at 120 pips above. The NZ trade i posted last week is also doing very fine. Congrats to those that took it with me. Goodluck.

Yes bro, they are closely correlated but I have a way around them. I can afford to leave them run for a couple of days insomuch the stop loss is not hit.

Blog icon:
The answer is simply that "because one (heavy drop) is lurking in the corner". You are well tuned into the market. I also see heavy signs of weakness and a likely "drop like a rock" for EU and GU this week or so. See my post [url=http://forum.priceactionlive.com/index.php/topic,7.msg176.html#msg176]here[/url] to see my reasoning behind the bias, and how we can take advantage of the imminent move as traders.

Safe trading and a splendid trading week to everyone!

That coming from an oldbie to a newbie is a huge compliment. Thanks.

Selling eu,gu,au,ej and buying uchf.

Here I go punching the sell button on eu. I guess I'm taking it from the top.

nolly042:
don't think so have a look at the chart again. i think north is the answer

8 candles back we had a doji from this present high and now we have a shooting star from same high forming a double top plus a bearish divergence in the offing. These are on the 1hr time frame. On daily, we had a doji, a spinning top and a bearish engulfing. All these are nothing but reversal signals. Moreso, we have just seen 61.8% retracement which means we have reached the stretch of the retracement. I see minimum of 200-400 pips fall.

Why do I keep seeing a potential massive drop on eu?

fxcm 1.5761, alpari 1.5752, marketiva 1.5754

fxisreal:
my "gold buy" is doing pretty well. let see what happen in the next hours.  and someone attack me here when i place the trade as if i don't know what am doing. bougth from 1713.64 look at where we are now. anyway goodluck

That person you referred to must be me I guess. I didn't intend it as an attck as you presume, rather as an opinion that differs from yours cos at that time gold was going to drop and it did massively after that. Meanwhile, you posted about the gold buy at 12:58pm today and as at then the hourly candle closed at 1720.38, with a high of 1723.58 and a low of 1718.24.
The distance between your entry of 1713.64 and today's low of 1704.64 is 900 pips which is no joke at all.
Really, I wasn't attacking you in all honesty but only calling your attention to that call.

FXKing2012:
Sorry I meant buy. Wasn't yet settled when I typed it.

I pretty much doubt the buy possibility as 4hr and daily still have lots of space for 1.3090. It just might be waiting for Bernanke

jamace:
I observed that too.

I have always observed that amazing coincidence since 2008 and always wowed at the timing.

[quote author=ig.chuka link=topic=849246.msg10166372#msg10166372 date=1328882254]with lots of experience. well, am a new newbie! learning at a good pace. hoping to join u guys at d top soon.[/quote]Just a matter of time and you have your eyes sighting and nose sniffing lucrative pips here and there.

honeric01:
Wow, PHCN struck, thank God none of my SL hit,  Now let me see if i need any hedging or just buy them back.

This country poses loads of risks.

aguiyi:
buying gu @ 1.5750

I hope it is just for scalping cos it still looks for 1.5650

namdo:
this market will always do what it does, driven by human actions. I still hold that though eur/usd is showing bear traits it would eventually turn bull until 100sma is well crossed in the 1.34xx area. Why? because in the long term after greece austerity cuts have been assured, i see the RSI-14 (the senior to stoch in that sense of long term) to eventually complete it's circle. therefore i believe the current bear trait on the eur/usd is temporary and may complete at the lower crossing of stoch833 (20) and then price will rise to hit oversold on the RSI-14. these are clearly seen on the eur/usd daily chart. just watch out (my opinion shaaa).

Happy pipping.

If I were a long term trader I would have danced with your view but as an intraday trader I just swing with what the charts say at a time,

ojuejo:
the street protest in Greece is forcing the market down

It's amazing how events coincide with the outlook of the charts.

honeric01:
90 more pips to my weekly target, which pair can vomit this? GU or EU?

do both. eu 3122 and gu 5740

Waiting for a bounce and sell eu again to 3122

[quote author=ig.chuka link=topic=849246.msg10165676#msg10165676 date=1328876163]yeah, thats true. you seem to be an experienced fx trader[/quote]I'm an old newbie.

fxisreal:
buy gold now!!! goodluck

Except you're scalping it cos i won't buy gold from here when it still has some free falls to do.

[quote author=ig.chuka link=topic=849246.msg10165540#msg10165540 date=1328875074]a lot of drama, some good and bad calls. the thread is okay from my observation.[/quote]That makes it a complete community doesn't it?

honeric01:
Na to shake the market 100 pips up and down before the final destination.

Typical abi?

Bernanke, I hope you'd give some bite to this lull.

[quote author=ig.chuka link=topic=849246.msg10165058#msg10165058 date=1328871444]been observing u guys for quite some time. no comment yet[/quote]Your comments will be highly appreciated.

JAkpayen:
^^Be careful on short GU, I'm long already.

I'm giving it the same extra care I gave to eu. Don't worry bro cos it's going to crash.

Adding another short on gu now.

Ogboraph:
GBPUSD let look @ it very well target may hit 1.5896 and 1.5922 good luck every one

I sold gu 10 mins ago. did u buy eu?

honeric01:
Don't forget it was all 1.35 just yesterday, now screaming down? the chart has one attitude, change, likes to change anytime anyhow. so i don't take any direction seriously, what i take serious is what i have as green locked up lol.

Way to go. holding on tightly to a perceived trend is only but foolery. We sing with what the chart tells at the time.

honeric01:
Be careful

one more observation. This present 4hr candle is about to end as a pin bar off from a resistance line. it only portends further tanking.