Unclenna's Posts
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lari03: Well from today it seems the news will determine what the trend will be like this week for the dollar because, from today's range apart from smart brokers and sharp pippers it was a range that probably did not meet the expectation of many traders, but there are news releases tomorrow, if influential will help define the market trend for this week. Acfx lot 1.0 lot 75% complete for now, later the days work should be done.I have traded 0.7 lot remaining 0.3 to meet up my 1.0 lot per day target for that bonus.....Am just playing around with the bonus...... ![]() |
aguiyi: gu and au are just testing my patiencePatience....Is it to buy or sell ![]() |
Ogboraph: AU is buying for real take your first profit on AUDUSD @ 1.0548Pls. where do you base this analysis on..Thanks |
CURRENCY CORRELATION Have you ever noticed that when a certain currency pair rises, another currency pair falls? Or how about when that same currency pair falls, another currency pair seems to copy it and falls also? If the answer is "yes," you've just witnessed currency correlation in action! Correlation: a relationship between two things. Currency correlation, then, tells us whether two currency pairs move in the same, opposite, or totally random direction, over some period of time. When trading currencies, it's important to remember that since currencies are traded in pairs, that no single currency pair is ever totally isolated. Unless you plan on trading just one pair at a time, it's crucial that you understand how different currency pairs move in relation to each other. To cut the long story short I am going to list the currency pairs that are both positively and negatively correlated. EURUSD | USDCHF ........These two pairs are negatively correlated. This means that each of these two pairs go in opposite direction. Anytime EU is going up UCHF will go down and vice vasa. With this information when you want to place a BUY for EU NEVER you place a BUY for USDCHF because a BULL TRIGGER for EU causes a BEAR TRIGGER for USDCHF. Other currencies that are positively correlated are EU and EJ, GJ and GU, AUDUSD and NZDUSD ...... There are still many of them but we are concentrating on these currencies for now. NOTE: Anytime EU goes up, expect EJ, GU, GJ, AU, and NZDUSD, t go up too. Any when these pairs are up, USDCHF, and USDCAD will move down...... This little article will guide you to choose the right pairs to BUY or SELL during this new trading week. |
130pips and still counting |
watching AU and NU closely.......When they fall I will catch them |
bond777: the perfect correlation (though negatively) is on EU and USDCHFsure....I thought I said something about this correlation stuff here. |
mkmyers45: any daily outlooks for AU?AU is a no go area for me now.........I will go for AU only when I have a SELL signal |
unclenna: ok. Am online.My internet power is not all that strong for now.......so is affecting my messengers....@endfx, keep on trying.... |
endfx1: @uncle lets chatok. Am online. |
tonjoan: mainly we are on the bulls but for today, the whole set up looks bearish to me.What the elders see while siting the young ones will not see it even if the climb mount. Everest.......Oga T.J I greet oh |
Ogboraph: i ve said my own warning ohMy bro anywhere the trend goes we will enter......for now my system is saying sell so am selling....once it turns and say buy I will buy.....thtaz me |
endfx1: Me too i wonder for them oooooo AU n NU... i done trigger already sha as long as others are at BE....Am on EU and GU and the pairs are dragging my style..........I for enter ej and gj |
AU and NU are we going to fry egg for you before you come down from that top......Pls come down we are waiting for you |
infofirst: The week ahead is going to be a rather important one with the world once more in the grip of anticipated QE3 mania (Wednesday FOMC decision), further hope of an ECB rate cut on Thursday and a NFP to obliterate any negative sentiment come Friday.Before the news will come it wll be builded into my system.......So I don't think about what news will do anymore. ![]() |
unclenna: A CRACK ON THE BULLISH WALLS OF EURUSD ![]() |
rozayx5: am on it already,Sorry bro I do not use any.....I use counter alert from my system as T.P |
unclenna: am on it again.selling GU and EU.................GOD you are goodThe next candle will determine if it is golf time........I feel like dancing |
unclenna: Am on it sir.............But I will allow my own to run until counter signal.......Na long term ur boys dey now sir.....am on it again.selling GU and EU.................GOD you are good |
rozayx5: GBPUSD is this a possible bearish break out, only the next candle will , tell, hope i dont ,miss the pips by thenmaybe....am on it already |
WINNINGWAYZ: Unclenna, thnx.Am on it sir.............But I will allow my own to run until counter signal.......Na long term ur boys dey now sir..... ![]() |
WINNINGWAYZ: Good work house. Was away for almost a month. The market wasnt really going well initially though, had to modify to suit the market.bro we missed u. Thank GOD u are back. Things has really changed catch up. |
honeric01: For those trading the free ACFX bonus, you should know that the rule says you must trade 10lots within 1 month (20 days)closed the first o.1lot. Remender 9. My target is 1.0 lot in a day and $2oo daily. Bal target rem 176. I will hit it b4 night! |
50pips: where is silibaba my menthorsleeping ![]() |
sellimg EU for now |
Kai, NEPA won spoil biz for me and this acfx people.....Naijababe dey enjoy for london ![]() |
ACFX just gave me $100 to play with..the said I should trade 10 lot in 30days.....I plan to trade 1 lot everyday with target of $200 profit per day on that account.......Don't ask me how I will do that.....I don't know if it is possible oh but I will try using 5mins to scrape a hell out of them.... ....very soon they will receive margin call...... ....make the market open they go hear am........GOD BY MY SIDE ALL THINGS ARE POSSIBLE......Prayer time....see you guys later..... |
unclenna: Anyhow the market want it this week I will give it to it......LONG or short i will make pips thatz y it is forex......I hope everyone is making plans on how to enter the market this week.....Peace.NEWS OR no news.NFP or NPF ....we will make pips this week by GOD's grace...... |
leopower: with price action formation we av on eur/usd based on daily, i expect the mkt to move down & test the support at 1.2046, we are still in downward tread as the 8 & 21 day EMA are still cross to the down side. but this is forex anything can happen that is we av to always use our seat belt(stop loss).Anyhow the market want it this week I will give it to it......LONG or short i will make pips thatz y it is forex......I hope everyone is making plans on how to enter the market this week.....Peace. |
rozayx5: Hello everyone, lets see what Eurusd hold in store for us this week, although the other pairs look more promising , talking about Unclennas 1000 pips a week, lets see how it boils downI discovered a crack on the bullish train of EU and USDCHF........If they are not mended I will start selling off EU.......Anywhere I will stay aside at market open and watch how it goes.........if no positive thing comes out I will take a stand....but for now is Stay clear from the market.... ![]() |
rozayx5: Hello everyone, lets see what Eurusd hold in store for us this week, although the other pairs look more promising , talking about Unclennas 1000 pips a week, lets see how it boils down ![]() |
Trade like a fund Manager. |
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