₦airaland Forum

beejaay:
EU is clearly bearish strong on the daily weekly. i dont know how u guys look at your chat. yesterday an intraday buy was generated when price fail to close below 61.8%fi of the move up from 1.32588 to 1.35490 ( took a buy there and still holding it with my stoploss at BE+1 and just shorted at the close of last hourly candle with stop loss 5pips above the high of today move). i dont know how u guys view it but all i know is that u cant trade intraday with weekly chart and daily chart (may be some occasional time). the highest u can use to gauge the strength of the market intraday is 4hrs. looking at the daily its easier for PA to get to 1.31655 first. its just my chart talking and i know i have been wrong for more than a million times

I guess as humans we shall always see things differently at some point. Even as intraday, the 4hr and daily are important to have a correlation which on this day they both do. The bias for eu,au,gu and gold is up and only wanted a break.

Zeddicus:
Snail paced movements today.

Only waiting for the breakout from the range.

beejaay:
u guys need to av your stoploss in place if u are long.this EU of a pair is drifting down. the last hour candle rejected the previous close above 50%fib of the last down move from 1.35490 to 133626. and CCI55 is showing downward momentum.

EU is clearly on the upward on daily and 4hr but still downward on the weekly. Generally, the charts are beginning to give us the typical december thinning out.

FOREXMART:
and the eu starts tumbling down as usual. Just like said, wait for it to rise, the slam dunk em back to the ground lol How una dey?.

Shop don close for the week for me.monday or tuesday we continue the rise on eu and co,

naijababe:
Santa wanna come early   Not drinking Mexican coffee is nt the same as going to Acapulco, now that'd be something

nahhh. don't wanna go mehico in everything. both in coffee and in flesh. heheheh

was planning on giving you an all expense paid return trip with your family to La Paz and Alcapulco.

This 5 mins tf inside day strategy for nfp works like hell. tp taken on gu and eu.

naijababe:
I wish i did, I only managed 150 pips as opposed to the 400 i thought i'd get today, but it's all good, will be waiting for it next week. My Dow short na to just get some cream on my coffee for the week  

ok o. You don't wanna be a Mexican when it comes to coffee?

Zeddicus:
I get it. Like a christmas get together of some sorts say next year aight?

Like a nigerian forex traders association. so that we can give voice to this profession. it's high time we be seen as professionals eking out a living from it and not seen as a bunch of glorified gamblers. Stuffs like that.

naijababe:
Let me offer a different perspective, the spikes you see when NFP is announced is due to 'big changes or deviations' to expectations, i.e. the release today was in line with what was expected (don't forget that expectations are already priced into the market) and that's the reason why we didn't see much swings today.

Today, essentially will be 'take profits' day on the indices and commodities side. So my longs on crude were exited just after the release but i saw some of my profits eroded   . But I shorted the dow at 12145 and expect to exit at 11950.

Some naijababe has been vandalising all the international crude pipes. Your dow is a stunner and will continue to rise same as your crude.

Concept:
I can bet it say the move down than na shakara. I remain with my long thing. This is how this forex family should be. Love in the air and money in the bank. Gbosaaaaaaaaaa!!!!

Honestly. I'm so in love with this family. Very soon we shall take it beyond the online walls and get to make something concrete out it.

Good long entry opportunity has just been availed.

After the nfp shenanigans, up remains the valid channel.

Concept:
I concur massive long EU @ honeric gbosaa!! for u. @ pip love-vendor; Mr consistency @ tonjoan; No big deal u are d man @ ehizmac; Mr Momentum @ forexmart; smooth operator @ aguiyi; Mr Gold. Progress guys.

U r a great guy too.

ehizmac:
Mr concept, 10gbosaa for you, anyway hope we are warming up for the news but meanwhile am holding my bottle of champagne make i pop incase it goes in direction of my trades, tonjoan aka d man where are you

I de my bro. Just got back to my system. The charts speak volume. If one knows how to interprete the big pictures he gets to know where the news will swing the pendulum.

God I'm grateful I came back right on time to catch the new rides up. Would have pained to the marrows if i had missed them.

ehizmac:
as an intraday trader how do you find trading with regards to power and internet connections thats if you are in nija

Quite a tough one but generators and ups cushion the effect. I trade the 4hr cycle so not jumpy on the trades.

MY NFP STRATEGY.

After the release of nfp, I go to the 5 mins chart and wait for the dust to settle. While at the 5 mins chart, I'm on the lookout for an inside day formation (harami) once that happens, I look for a close either above or below the harami. If a candle closes above the harami then we go north but if below we go south. In the hey days of nfp, this strategy keeps the assumed trend all day but these days that nfp seems to ride irrationally, i'll advise you trail your profit.

ehizmac:
of course i do although am still holding my positions since monday
am selling UC while am buying, AU, AJ, NU, EU, and GU

they all look very good to long and uc to continue short just that I'm an intraday trader so i had to close as i anticipate some selling prior to nfp and have a clean slate to ride the nfp.

Longs closed and awaiting nfp. Anyone cares to know the strategy I trade nfp with?

chai. some naijababe is vandalising all the international crude pipes.

ehizmac:
the market has been quite because of NFP to be released today, NFP, today na today, 2.30pm nija time  before someone misunderstand me again, tonjoan, concept, pip love-vendor, salibaba what are your predictions , although i had a dream about the news pls dont ask me about the dream oooooo

I still hold my longs on eu,au,gu and gold.

[quote author=pip love-vendor link=topic=800194.msg9673410#msg9673410 date=1322769689]Perfect. . . .between 13682 and 13553 na reversal zone. . . . .price has not formed it's trend confirmation trendline yet but it still needs to break 13613 to do so. I'm in for the long haul to 14000 sha.[/quote]I see the 1.4 possibility too but as an intraday trader I will ride with caution cos of monthly and weekly outlook.

naijababe:
i am the exact opposite[b] but i rage like a storm sha[/b]  

Particularly when a shandy has rocked you?


I am hoping crude will get a super boost on the bull side tomorrow since it didn't move much yesterday. Here's to crossed fingers  

Your crude has got a beautiful bulls set-up on the daily chart. We should get to 103.3 tomorrow.

[quote author=pip love-vendor link=topic=800194.msg9673352#msg9673352 date=1322769155]i no know about gu and au. . . .for Eu weting be tp?[/quote]na nearest bus-stop trader i be so i de target 1.3620 for now.

[quote author=pip love-vendor link=topic=800194.msg9673322#msg9673322 date=1322768948]tonjoan . . . .i say which trades you de on. . . .[/quote]I been don answer you that one. i say i hold long on gold,eu,gu and au.

naijababe:
and repping well too  

yepa. mo gbe. You has finis me sha.

naijababe:
Spoken like a true ajepaki  

Pip Pi/mp , you must be real impatient in real life o. All the shakara in here na just mouth

deep rooted ajepaki oo. From the innermost crannies of AJEGUNLE.

[quote author=pip love-vendor link=topic=800194.msg9673274#msg9673274 date=1322768466]which wan be jona again?. . . . anyway. . . which trades you de inside?[/quote]Jona na we presido na. I de hold long on eu,gu,au and gold. even if nfp like make e scatter them.

[quote author=pip love-vendor link=topic=800194.msg9673174#msg9673174 date=1322767522]Unfortunately?. . . .na laziness de do you. . . .just check the chart out sha. . . .[/quote]hahahaha laziness of the brain. You're right about the 2 kinds of diagonal trendlines. Will take time out to study them.

[quote author=pip love-vendor link=topic=800194.msg9673224#msg9673224 date=1322767964]I de too emotional. . . .you don't know how much e de pain me when i see some views here on some trades/system/strategy. . . .i know everyone has a right to their own way/calls/strategy but still the thing de shake me. i don find way to suppress am sha. . . it is now a game for me called "another one bites the dust" . . . . i'd rather watch most of the time and play the game.[/quote]If you come become Jona wen people de yap anyhow nko? abeg grow some pomo ooo abi make i give u some of my own?

[quote author=pip love-vendor link=topic=800194.msg9673158#msg9673158 date=1322767387]Once is enough for me. . . .those people are irredemable. . . . .doing everything to avoid going back there till my contract's up. . . .just decided to keep quiet for a while. . . .high blood pressure from posting and all that good stuff you know. . . .[/quote]I laugh in Kabul. Irredeemable? That's a high note of surrender   . Didn't know you were in the force.
Why you go get HBP from posting when na your views you de post. No let anyone age you quicker than your metabolism jare.

naijababe:
Just got a new job ni jare, lotsa of responsibilities which doesn't leave me with much time time during the day to post on NLq1``

pele. May the Lord continue to strengthen you.