₦airaland Forum

redsox11:
I want you guys to start checking up on this for confluence. It doesn’t matter what system you're trading.
This will only take you 15 seconds to look up. Added confluence to your already good system.


You’re trading on;

1hour chart, look for AB=CD pattern on 4 hours chart for confluence
4hour chart, look for AB=CD pattern on daily chart for confluence. etc.

Powerful tool to have in your arsenal as a trader.


Ps: When I want to enter a trade and notice an AB=CD pattern confluence, I smile to the bank

Noted. Thanks

Likely shorts on UCAD

PIPnator10:
Hey guys, hope we are all doing great.
Thought to start posting again after my brief hiatus.

GBPAUD: Possible sell here but if price breaks and closes strongly above the blue line, then the sell is invalid. At the moment, I am still sell biased. Yesterday's candle closed bearish while today, price is making a bullish run. Exercise patience for the bullish run to start showing signs of weakness (multiple bearish close on 1hr/4hrs) and then enter a sell.

AUDUSD: Possible buy here. When you check the weekly time frame, you will notice the consolidation as shown in the orange circle. The consolidation shows a greater percentage of break out to the upside (remember, no one is ever certain of what price will do. The consolidation might even break out to the downside). So we will be watching price reaction at the blue and red supports as marked in the chart. If the blue support holds, then its is a good buy from there but if it doesnt, then it's good to watch the red support but if its break from it, then this forecast becomes invalid.

I have same outlook on GBPAUD.

I'm also hoping that AUDUSD continues bullish, I've been holding since .6930. If .7000 doesn't hold, I could just close

My Lenovo laptop was charging but there was a power surge and it has stopped charging now.
The battery is dead now so I can't boot it up.
What could be the issue and how much would it cost to fix it please?

udemzyudex razaq5

if you're not comfortable holding for too long, you can close this out

voraz:
I still haven't gotten used to posting on Nairaland.
Here are a few trades I took.

I missed another EURCHF entry this morning but I'll be looking to enter if it retests that trendline.

EURJPY - looking for shorts too

If you took these, EURCHF is at 10pips profit from where I sent it.
EURJPY is at 40pips now

voraz:
EURGBP potential shorts too

It's a good thing this didn't make it off the potential table.
Common sense has set in now, how will I be selling GBPXXX pairs and XXXGBP pairs

meshpips:
We got a H1 trend line reject.

Precisely.
Happy pipping sir.

voraz:
I still haven't gotten used to posting on Nairaland.
Here are a few trades I took.

I missed another EURCHF entry this morning but I'll be looking to enter if it retests that trendline.

This is running smoothly

meshpips:
@voraz,

thanks for posting your charts and outlook. I see that you are planning to sell a few EUR pairs . . .

I actually have a BUY for EURAUD at the moment.

Let's see how it reacts at the down trendline (H1 TF) and then after it gets to 1.6077 pivotal area.

Thanks for sharing sir. A buy on it looks likely, I'll watch the trendline resistance to see how much of a push down to expect because it could form a flag.

I'll still be looking to sell after a buy

ikhalyfah:
Thanks, Sir

Apologies sir.

voraz:
EURJPY - looking for shorts too

This has done 20 pips already.

EURGBP potential shorts too

I still haven't gotten used to posting on Nairaland.
Here are a few trades I took.

I missed another EURCHF entry this morning but I'll be looking to enter if it retests that trendline.

EURJPY - looking for shorts too

ikhalyfah:
Embarking on this tomorrow, wish me luck house!

Have a beautiful trading week ma'am.
Learn alot!

Sunnycliff:
Finally reaped the rewards of my swing position

30+ pips

The only pair I traded as well..... hit out at SL earlier in the week, recovered through NFP

PJAMES1:
And looks like it will continue down. I am still holding for now

so am i, missed a sweet entry on it today.... we'll see how it pans out

alphaNomega:
You're right.

USDCAD is in a downtrend but I think a retracement is in progress before another leg down.

To around 1.32XX region?

PJAMES1:
When did you enter a short position?

I entered way too early, Infact multiple times. But then, I held the positions because I had other reasons to believe NZD will strengthen significantly. Now all the positions are in profit. For EURNZD, there could be some retracement though before the pair continues south.
NZD still looking strong.

Again, we are to trade responsibly. We only speculate. We don't decide for the markets
If things change, we will have to adjust.

I had a very early entry too, since the beginning of June.... it's in profit now too

voraz:
Definitely, its possible to lose it all without proper risk and money management put in place.
Demo trading is what has been constantly advised for newbies like us.
Take out time to learn the mechanics behind the markets, find what gives you an 'edge', implement it profitably THEN consider going live after.

I hope this helps, cheers!

That should answer your question.

no fear ... PJAMES1 gigfx redsox11 currentprice and other ogas go soon show

Liamm:
Any hope for someone who intends to start with $100? How long from now before I start going into live trades? What's the profit like on monthly basis for a startup of $100? Any chance of losing all funds on my first trial?

Thanks

Definitely, its possible to lose it all without proper risk and money management put in place.
Demo trading is what has been constantly advised for newbies like us.
Take out time to learn the mechanics behind the markets, find what gives you an 'edge', implement it profitably THEN consider going live after.

I hope this helps, cheers!

gigfx:
it is more like what we do here, posting comments on forex related matters. Posting your bias and projections about the market. Tho they have some rules you must read about on joining, because if you go against it, they may close your account. if you are the type that like posting a lot, just open a trading journal, before you know it you will have accumulated enough bonus you can start trading with.

can i pm you sir?

gigfx:
My 3rd weeks on the mt5 forum.

what is this sir?

meshpips:
To trade in the opposite direction without waiting for any form of confirmation.

In this case, price has been rising so I will SELL on the first contact with the 1.2742 level.

Hope it is clear now?

crystal clear, thanks!

I did trade CHFJPY though
caught 170 pips on the bullish move

now i'm in for the sell

voraz:
EURCHF is one i'll watch to see how it plays out
picture 1 shows the long term outlook, bullish
price could use the green trendline as support or breakdown to 1.1075 regíon

this is yet to mature, i'd like your opinions on how else it could play out.

This also fell below the 1.1075 region (15 pips lower) then gathered the bullish momentum expected.
Didn't trade this either

voraz:
my thoughts on AUDCAD:
it could fall some more to the .9125 region, retest the .9175 but i think it's less likely to begin the bullish move now
i most definitely could be wrong, your views will be appreciated as well

This fell slightly lower than .9125 (20 pips lower) but picked up immediately from there.
Didn't trade it though, will look for bullish moves next week

meshpips:
For over extended pairs like this one, I "FADE" the trade.

Sell limit at 1.27422

You need balls of steel to do such.

Please don't try this at home IF . . .

NOTE: i expect the trade to yield at least EIGHTY (80) pips

Could you clarify what FADE means please?

EURCHF is one i'll watch to see how it plays out
picture 1 shows the long term outlook, bullish
price could use the green trendline as support or breakdown to 1.1075 regíon

this is yet to mature, i'd like your opinions on how else it could play out.

my thoughts on AUDCAD:
it could fall some more to the .9125 region, retest the .9175 but i think it's less likely to begin the bullish move now
i most definitely could be wrong, your views will be appreciated as well

fx school found
i just went through a handful of posts and found great information from some major contributors
PJames1 currentprice redsox11 pinbar, I look forward to learning here sirs