₦airaland Forum

blink182: Are you trying to say whenever that arrow appears it stays until the market moves in that direction ? The similar indicator I have even varnishes after you must have entered a trade and may even show opposite direction alert. Its a really messed up indicator.

Like I said, it does not repaint. follow the arrow that support your trend.

@unclenna, naijababes, tonjoan... i need feedback from my little observation with pivot.
For others, I will try my best. Some setups are for just 20 pips, before you post, the movement might have started. well, at all at all na witch market, na so my pipo yan.

@blinks and naijababes... thnx. You will like Kijun-sen, cos, its based on moving averages. try it out

I support my trading with these two indicator. they dont repaint. hope it will be useful

For those following, Always watch out for news and market sentiments. Now, if the market is making higher highs and macd is making lower highs, be on the watchout.

blink182: I don't share your sentiment at all. What do you mean indicators are not good? Back in the day, London Forex Rush gave me an opulent life but I messed up, crashed out, graduated from school and got a job. Just some few weeks back i decided to give it out with my entire Forex library.

People are already making money with it. As a matter of fact, I hate the system you use-hammer, doji, harami, shooting star and all those bullshite , it never made sense to me. The trick with forex is having a very simple trading plan. So that in implementing it, emotions do not get entangled before you make your decision.

Whatever works for you, works for you and for me, for me. That's not enough reason to condemn other trading patterns. Most times I see people who condemn the strategies of others, they usually want to sell their own strategy. I hope that is not what you have in mind?

My brother, maybe you didnt understand me. basic indicators lag. I only use customised once for the purpose to support my trading plan. I only trade pivots and price action. how can you teach these without some foundation. Did you just rely on the indicators mt4 provided? See what I mean? Am not so dumb to condemn systems. They all have rules which must be followed abi? am trying my best to explain, hope you get my drift

Am starting with some very basic matters. Divergence. Many a time, we enter a market that is moving in a direction. We will be surprised that immediately we entered, the market changed direction. Simple. That movement might be a pseudo movement. You have to learn about trend continuation and hidden divergence. From the chart, in a live forex price movement, the labeled appeared to be having a lower low while the macd was having a higher low. this is a basic sign of divergence. If price approached zero and bounces, it will give a stronger movement in that direction. plz, use higher time frames. If you notice a movement, confirm with a lower time frame. For more accurate results, draw a fibonacci line from the highest to lowest and go for 23% retracement with assurance. Am sorry if doing this well, but am trying to make you see something. Watch the charts and watch the macd. write down your observation. attached also is the customized indicator, which also tells the trend.

Hmmm. Good idea. How did I come into forex? well, was a red hat hacker and learning new things about hacking was what motivated me, until some yahoo" guys got interested in my works. I kinda crack things... and my guys just give me free money for having fun. My Girlfriend then told me something that shook me. She said I was a genius using my talent for the devil and everything would work against me if I do evil. this was like 100 level. I traced things back and really discovered nothing works for me if it has evil intention... I begged God for forgiveness and asked him to show me what to do with the computer. Same week, someone talked about forex, so, after three visits, he gave me a handout to photocopy and he traveled. So had to learn myself. Never attended any seminal or workshop, started with marketiva, poor internet pushed me into the crap liteforex. crashed account steady. this was like 2008. the high point was using zulutrade, turning a 40k usd account to 87k USD manually trading. loved it cos it was it would earn bragging rights and put my fxcm account and naija flag on top three. I became number two. over confidence, i built my robot and the thing was killing me. wanted to make up, i crashed the account. police matter followed, cos, people's money was involved. I settled and was officially very broke from been a millionaire at my early 20's
I left forex for good after crashing some other account.
My problem was greed, fear, trading with vengeance intent and looking for 100's of pips.
Have been into mining and now am back fully.
My system does not really look for 100's of pips but very sure 10, 20, 30 pips with confidence. Had to study the market like a person with habits until I cracked. Yes, I "hacked" my forex formula. very many sleepless nights. I did 120% for my clients this months.
For newbies, indicators are craps. I will try to teach price action, trend determination and pivot. simple.
others are divergence and retracement, heads and shoulders, double top and bottoms. Odiero, naijababe, tonjoan, unclenna,honerics and others, pick a topic and teach.
Those who know hardly teach. they just do. So, be patient. You must learn. no short cut in forex.
It is the easiest biz to do. Cant say am super rich but am on the right track. He that desires to be rich in a day will be hanged in a year.
Did I mention money management and trading psychology? yeah, also read the richest man in babylon. small but very mighty book.
Gracias

Plenty green things. ok now. na 10/10. na to compose jamz oo. hope una go buy my album. making eazy money lazy hazy,fazy, crazy. this sh*t is tight men!!! watch your trades sha. me, i dey reduce at every new pivot level. anything can happen

odiaero: Some nairalanders hv serious issue problems, how can some see everything i said as showoff, some people are so dumb on this site

If you got it, show it. To learn this crazy market na beans? Can they quantify the man hour that has been put into this matter? Asamatteroffact people must talk. the thing sha, em feel say you suppose carry em along for the green-carpeted show-offing. just that there is no free meal even in freetown.
The land is green

Am seeing a bullish orientation on AU. Am buying with low risk, high reward. @0.9765 now. No shaking, as far as price is above 0.9760

Buy activated for Crude. Bullish candle formation on GU. Am waiting for price to break above above 1.5652 to buy. Am already selling USD/Mxn, using 13.7156 as first TP.

naijababe: Jisox of olodi apapa I had to turn to Odiaero to make some pips today.

Question for you guys o:

I am very close to packing my day job in, what's stopping is fear of boredom, what da heck will I do with all that free time plus my boss is really beginning to piss me off

I need meaningful suggestions pls

Good morning madam.
That is my plan too. Truth is that sometimes, you can get bored, and there always arises tendency to overtrade. Am starting my fulltime trading June. In the interim, I have been putting together an offline biz to create an equilibrium.
Forex is really the best biz to me. Can buy and sell crude oil without owning a petrol station or a tanker and make more... dont need to run to dubai to buy gold...
The bottom line is just open a biz that has the inputs of your passion while you trade full time.
Thank you

Good Morning Ladies and gentlemen.
I really missed this great house. Mining matters jare, and having achieved my target for the month, didnt want to gamble with my hard earned pips. Well, I have noticed some interesting scenarios today. Am Buying EJ @ 99.85 now, and no shaking, as far as price do not break below .78. Very low risk. first TP is 100.12, then will let it ride.
Same for GJ @ 124.72, with my eyes on Buy. new 1 and 4 hr formation below .52 will make me change my mind.

dboy365: ej sell limit @102.35. lets see how this goes!

Nice one. I followed as you pasted, as it took my attention. though took profit on first support. thanks man

arthuryemi: @pipmaster thanks for ur contribution to my question plssss sir i wil rely appriciate it if u can send me that e.a so i can try it -arthuryemi@gmail.com
@winneyway pls show up i miss u

Thnx for remembering a brother. have been in the sideline watching. already made my target for the month. This crazy situation reminded me of 2009 during obama stimulus bill, when everybody turned analysts and were trying to kill all currencies and make billions...

Insults and counter insults, some claiming to be lords of forex, and the ultimate punishment for liars: they can't believe anybody.

Am just on gold, au and usd/mxn. the crowd is always wrong. Guess am not doing bad either.

Am from delta state. Nice to meet u guys here. Hola

But seriously, June people are very special. Always non violent and easy going with good humour, even when things are bad. Am a writer, innovative thinker, web builder, do comedy, miner, forex trader, good in football, snooker, scrabble, do dj...truth is dt i learn anything i want even on my own. This seem to be true about June. seriously, we are very special n gifted.

Am june 14th.

Just indicate the area you are interested in. Information will be made available. Thank you.
Invest Nigeria for other states will be coming up soonest.

Nasarawa, the home of solid minerals sits in a very attractive location. Boundary to Abuja, Benue, Plateau, Kogi and Taraba States.
There are various opportunities that exists here, from Agriculture to Mining and other related investment. With a positive thinking government now in place and its friendly people, Nasarawa state is indeed a good destination.
For those interested in setting up a cement factory, quarry, marble processing, mineral beneficiation, large scale agricultural investment, mining, hotels, estates, you can find useful information here.
You are welcome.

WINNINGWAYZ: SELL GJ. 128.70. target .34, then allow for 100 pips target.

Unclenna and silibaba, have you seen the system. there is always a way it works itself out. check out USC/CAD. Its really amazing how it retraces its step. Left this GBP/JPY to run. it has hit its point now.
Tonjoan, plz, send a mail. naijababes and odiaro, waiting for you. Gold was just perfect and even crude oil was very precise (like it works there most)
I believe with this system, we can trade any currency or commodity. This movement is a latent pattern.
I expect feedback.
thanks

honeric01: A little down is expected before any rise.

yeah. drag my SL to up 10 pips below pivot. Am done trading today sha. let me see the way this goes.
Nice one bro

Is this the journey for EUR/JPY? as I commented this morning, expect a very great rise. Am on it. No shaking until formations below pivot. Yen has to be weakened for the good of Japanese economy
Happy pipping

WINNINGWAYZ: positive pin bar on GU. sellers beware. gotten my greens though. will buy on confirmation.
Cheers

Una dey make trading very sweet.Unclenna and silibaba... u got the message.
waiting for odiaero, naijababes and tonjoan

positive pin bar on GU. sellers beware. gotten my greens though. will buy on confirmation.
Cheers

WINNINGWAYZ: Good Morning.
Its so nice to see my people up on the A.M
My bias is SELL on GU and am taking minimal risk though. Enter at 1.6126. targets are 1.6104 and 1.6086

1st target met

@naijababes, unclenna, Odiero, silibaba, tonjoan.
Yeah, for now, I chose you guys. After over 3 months of waking up by 12:30-3 A.M to watch charts, Can shout Eureka!!! I need you guys help analyse my discovery. Its mind blowing. There is a pattern, and one indicator, that has given 8-9 trades out of 10 as accurate and have been able to recode the indicator, just that cant seems to fix the bug.If two good heads are better than one, what about 6? Its very important you contact me. It will improve and even change some things you have known. in the meantime, am rewriting the code. hope to be done before end of the day. But it works very fine, even without the modification on indicator.
Please, contact, see for yourself and aim to improve it together.
When contacting, indication your names on nairaland for easy I.D.
Please, for the rest, dont be offended. you guys will benefit, as there will be pinpoint trades for everyone.
ebohazuka@yahoo.com
VERY IMPORTANT.

odiaero: Am taken out with little profits, we wait to buy again

Scalping on retracement. OK. But the trend is down. would you agree that?
Bros, Good morning

SELL GJ. 128.70. target .34, then allow for 100 pips target.

frenchman2: just short gbp/usd
entry .6131
exit .5980
stop l .6193

identified a rising wedge on daily, which broke out from the upside some days back.

price has re-entered the pattern. funny enough it has turned .6160 support to resistance.

rising wedge in an uptrend we expect a downward breakout. so i'll be looking forward to going short again when the breakout is successful.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

Nice one

There are several conflicting theories riddled with imperfections. Dollar is not suitable, even on yahoo news this morning as I checked my mails, shew a growing pessimism over U.S economy. This means there is uncertainty, which should drive stocks down and gold up, as investors move to a safer investment. The situation in Eurozone, made matters worse, as investors fled from gold to an already crazy Dollar. Toyota and Sony, posted losses, all blaming the strength of yen.
I see a situation whereby confidence would return to eurozone, gold should be bottoming this weekend, and yen deliberately implicating fiscal policies to weaken the yen, as even shoppers prefer to shop abroad because of its currency strength, which is not very good for their economy. One of my surest bet is EUR/JPY, for not less than 1000 pips movement in the coming weeks.
The crisis in Eurozone also affected crude oil prices. But as confidence returns, especially to CAD, more USD would be spent to buy oil.
@SILIBABA, nice commentary. Keep up the good work