₦airaland Forum

Ogboraph:
why am i the only one seeing buy on GBPUSD?  remember this month is 29days

I believe Gbpusd is bullish biased but I see a retracement to 1.58xx before the upside movement resumes to 1.61xx hopefully.I have decided to wait and see that happen,if not,all well and good.Just my opinion.

FXKing2012:
Are we buying, selling or sitting on the fence?

As for Eurusd,strong resistance on the daily,weekly and monthly charts.I have sold with TP at 1.3392

@Frenchman2.You've said it all-no more title match.Game over even before match start.

@FXKing. Being new to the thread doesn't make you a novice but you came in with some much airs about you like the people here doesn't know whats up.Learn to humble yourself bro.There are a lot of successful traders on this thread and we all still learn from one another and help each other,likewise the newbies.No one can know it all in forex,if it were so there wouldn't be hundreds of systems and strategies all over the place.Take it or leave it,making a lot of money in FX trading requires some level of consistency and not a chance thing.Forget the DailyFx forum,those 'gurus' you mentioned still lose money.Welcome aboard the thread and contribute your quota


@Odiaero.Let it go bro,the guy challenged you to post your statement and you did,you have done your part.

@Ogboraph.cool cool temper bros

Abeg make we nor turn the thread to quarell trade alert o,I dey vex too cos of wetin GJ do me over night thursday,from 90pips+ to -60pips.I am hanging on believing it is a deep retracement and will bounce of the daily 20EMA and go back north,if not, painful loss.

@Goldfx2.You trade the news and made some pips,after the news what next?,wait for another important economic news?.You are  sounding as if people trading with indicators/PA ONLY don't know what they are doing.Whether you are a fundamental or technical trader or both,you are bound to lose money at some point.From what you wrote,I guess W.D Gann,Leonardo Fibonacci,George Lane,John Bollinger and the likes didn't know what they were doing.I trade purely technical(PA/indicator)because the effect of news is short term and after a while technical takes over.After the news induced spikes,more often than not normalcy is returned to the market.Do you know before an economic news is released,market sentiments regarding the news is often reflected and built into price action?,if one is discerning enough,more often than not you will know the direction price will go and often the news effect matches the market sentiment.If I tell you my minimum expectation per trade,you would say I am crazy and If I get 3 trades in a month(based solely on technical) I am a very happy man cause I patiently wait for the kill.And I have losses too like every other trader,be it fundamental or technical trader.
Try monitoring the trade calls made by technical traders on this thread and you will be amazed at the amount of pips sometimes made per trade.
The best way and only way to trade is to find a way to limit losses because the only thing we can control in currency trading is your risk.
Good pips to you sir.


@Bond777, Welcome to the thread sir

^^^I feel you sir.The bulls are really working hard to take over dominance and its happening gradually but the bears are not relenting.Until full take over by bulls or bears reasserting dominance,no EU trading for me o,the zig-zag too much

^^^So far my my chart analysis for all pairs points North but since all 3 pairs are in consolidation anything can happen.My sentiment for now is BULLISH for all 3 pairs until I see otherwise.AUDUSD and AUDJPY have actually tried breaking out on the Daily chart but retracing to test the down trend line/20 day EMA.

Hello people.Hello season 4,this thread is really bullish.AUDUSD-AUDJPY-AUDCAD on my radar,playing hide and seek with me but I am patiently waiting to apply my sledge hammer and knock the living pips out of them even if that's all I will do in the next one month .
Good pippin all.

@Blog Icon.Thanks for the heads up.Just logged in to see that my buy stop at 0.8070 has been activated with a tight SL though and a lower entry lot than previous.My fingers are crossed.

Blog icon:
TP of 160 pips just hit on the Nzd-Usd trade I posted. The Nzd-Jpy still waxing stronger up north in our direction. Detachment and patience are the golden keys to the lock of this biz called FX.

Have a great day traders!!!

Good call bro and excellent entry analysis,I have been on it myself and was looking to short it when it reverses as I have been anticipating it would.I projected 150 pip plus from my entry before it reverses but it seems there is still some room upside(may be wrong though). Looking to add to my position by placing a pending buy stop on the trailing 1-bar high on the 4H chart just in case I am right.
Patience and detachment is key bro,you are very correct.Been cooking gbnzd since on the 9th and have locked in over 760 pips with 3-stage entry and still riding it.My triple time frame chart analysis is quite difficult to put down in writing,hope to simplify it so I will be able to explain any call I will be making just like the way you did.

Have a great day too.

@lawson007.Will join you soon,i hope.Been tracking nzdusd for two weeks to short it once the signal is clear enough.I believe the upside trend is still on but very limited,at least 100 pips plus.We all have different strategies,I guess your strategy is giving you a go ahead to short.Whatever happens I am sure your SL can accommodate more movement upside.I am still watching it.More pips to you bro

@concept.The market is generally dull and dragging especially for long term traders like myself.Most pairs are good for scalping only as they are in correction mode,some are almost out of correction while some are about exhausting their trend and going into consolidation.I want to believe most of the people contributing now are short-term intra-day traders.This year,I have just been able to place just one trade (GBPNZD) in addition to a trade a carried over from last year (EURNZD) that I have closed days ago because the momentum has thinned out.I am sure the thread will pick up soon when the market goes into drive mode.Just my 2cents

Clarification.
http://www.vanguardngr.com/2012/01/army-disagrees-with-hausa-community-over-missing-cows-in-edo/

^^^. The dealer will definitely not be selling just 1000L at the end of the month but he will aggregate his whole supply for the month and sell by the fifth week.

@Thekrafter. I can't read,please lend me your eyes.When I wrote 'dealers',I am actually referring to importers that own tank farms and not your local petrol dealers

Then we shall be faced with the problem of scarcity, as dealers will just accumulate and hoard products and sell at a future date, to make excessive profits.

^^Pull up your audusd weekly TF,you will see exactly why it is misbehaving

Happy new year to all traders in the house.May the pips rain on you this year.

@naijababe.sorry about your ''loss'',hope you have resolved the anomaly with your broker.

^^

@Naijababe, Hope the Redbull is there o

@Naijababe.Set the jager-train in motion.

^^^^^. Thanks ma'am.I do hope so.

odiaero:
^^ Sorry o, hope u used stop

Thanks bro,I used ,I don't joke with stop loss o.It got taken out,twice it happened.I have yanked crude off my screen.

naijababe:
Me and crude are best friends, plays into my hands always 

Lucky you.I think I m going to spend some good time this month studying crude chart patterns and movements and really get to be friends with it,maybe it will play into my hands also  .

Anybody thinking of buying eurusd now is taking a very big risk except you know exactly what you are doing.Eurusd will go up someday,hopefully soon,price symmetry will definitely come to play and I see it getting to 14xx,but the question is when?,when it happens,we will follow it. I shorted the pair on the 13th of November without TP cause I believed it wasn't going to get back to my entry.I must admit,I panicked a little during that temporary upward movement but thank God I held on to my shorts.I think its time to close my eurusd trade at current price,over 800 pips collected and let my other current open green trades run to TP,hopefully my audnzd long that is in red will turn green.

And this is where I close shop for the year till 2nd week of January.
You all have a wonderful yuletide celebration.
May your pips be blessed.

^^^^. I m not on y messenger now.Had a system crash and I have not reinstalled it cause I don't chat much.I will add you asap.I will forward the books to you later today, if you are interested.My eyes are heavy.Gat to sleep now.

toblosky:
And also with you

Amen o

Do you have any material on Ichimoku?, if you don't I have two books that come highly recommended,though I have not had the time to look at them thoroughly.One by Nicole Elliot and the other by Manesh Patel.If you need them,do drop your email here or send it by PM.

^^^moving averages can give you direction of price movement if you intend to use it for that but like most trend indicators it is quite lagging and cannot be used on it own.I basically use MAs to locate areas of resistance and support and to alert me on possible retracement.A well constructed trendline can tell you where price is going.
Most indicators are excellent,it all depends on how well you understand it and how to use it appropriately.Whatever indicator you choose to use,study it thoroughly and you will get results.I have heard good reviews about ichimoku clouds and I am currently gathering info on it and when I have the time I'd take a look.
May the pips be with you.

toblosky:
which trading system are you using whirweend and link sir

My trading systems is basically trend line analysis,chart formations and candlestick patterns.

^^^ with that pin bar formed on the daily,its a rejection of 20 day EMA resistance and a rejection of higher prices,there is only one way the price will go, down down down especially if price goes below the low of the pin bar, if it does then 1.31xx beckons.

Zeddicus:
Took all my potential trades i mentioned yesterday and added Eurjpy long too. All doing fine except Gbpcad. First Tp already hit on Nzdusd and Gbpaud.
For those holding shorts on GU and EU,you might want to reconsider,unless you are a scalper. Just caught wind of a reversal on my daily charts. If everything lines up for me at market close,i may be entering the longs.

Good one.Did you short the GBPCAD?,if you did then you are still on track bro except you did otherwise.Been holding my short on the pair since wee hours of monday.


@odiaero, we are not there yet o.

Brent crude is on the move people,upside direction, commodity traders in the house?, I think it's going to be short term though because  it is gradually getting into consolidation for a break out later(weekly TF already consolidating),scalpers could do well with it.Silver and Gold showing signs of consolidating too, been waiting for this like forever.