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Forex Trading - Season 13 - Business (45) - Nairaland

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Re: Forex Trading - Season 13 by honeric01(m): 8:46pm On Feb 27, 2013
naijababe: I give up! After 24 hours GU danced up and down and I have closed it in annoyance with just 28pips. WTF!!! angry angry angry

I am off for the week jo, will be back next with strictly orange analysis and orange selling.

Haba, but GU na orange na abi?

HQ: ^ Considering how tight the market has been (on anything jpy) from yesterday I'd say it's much better than a loss.

Abi na, even though i missed out from another 50-80pips extra, i don't mind. let the dust settle first before any other move on jpy pairs.

Yesterday for me was GJ, today was EJ, maybe tomorrow, UJ?
Re: Forex Trading - Season 13 by Nobody: 8:48pm On Feb 27, 2013
@naijababe Better plus than minus.

One of those days I had to go "full manual". 97pips on Eur/Jpy, 68 on GBP/JPY and adding. No Tp, No SL. Couldn't be more thankful no drastic "nose-down" dives occurred.
Re: Forex Trading - Season 13 by Nobody: 8:51pm On Feb 27, 2013
honeric01:

Haba, but GU na orange na abi?



Abi na, even though i missed out from another 50-80pips extra, i don't mind. let the dust settle first before any other move on jpy pairs.

Yesterday for me was GJ, today was EJ, maybe tomorrow, UJ?


Na orange o but I no sabi for am jare

HQ: @naijababe Better plus than minus.

One of those days I had to go "full manual". 97pips on Eur/Jpy, 68 on GBP/JPY and adding. No Tp, No SL. Couldn't be more thankful no drastic "nose-down" dives occurred.

Abi o
Re: Forex Trading - Season 13 by honeric01(m): 8:53pm On Feb 27, 2013
naijababe:


Na orange o but I no sabi for am jare



Abi o

Iya, just be as patience as usual, Since you're seeing a fall on GU, it's likely going to come for you but for me, i don't see a serious fall again, thought it was going to stay below 1.51, but it didn't.
Re: Forex Trading - Season 13 by Nobody: 8:54pm On Feb 27, 2013
honeric01:
Abi na, even though i missed out from another 50-80pips extra, i don't mind. let the dust settle first before any other move on jpy pairs.

Yesterday for me was GJ, today was EJ, maybe tomorrow, UJ?

Yesterday I managed to scrape something only to lose it all - and even more. UJ Looking bullish at the moment. Would it drop again tomorrow, I wonder.

I will be turning away to the AUD. Cash in on the bears, hopefully.
Re: Forex Trading - Season 13 by ayox2003: 8:55pm On Feb 27, 2013
Person talk for yankee, another person talk for Europe...but na Asia dey hear am.

Yen is getting weak cos europeans and americans don go back to their own currency. Yen con weak. sad

Nikkei should be up tonight.

Chilling for the market to opun .



Frawzey
Re: Forex Trading - Season 13 by Nobody: 8:58pm On Feb 27, 2013
Lets turn away from the MT4 for a moment, lest JPY enrages us. wink

I stumbled on an interesting piece.

http://www.streetdirectory.com/travel_guide/147991/foreign_exchange/how__5000_was_turned_into__30000_in_4_days_of_forex_trading.html

I've been testing this strategy lately (Note: I'm referring to using lot sizes to one's advantage - not turning $100 to $1million in a day pe se)
Re: Forex Trading - Season 13 by Nobody: 9:04pm On Feb 27, 2013
honeric01:

Iya, just be as patience as usual, Since you're seeing a fall on GU, it's likely going to come for you but for me, i don't see a serious fall again, thought it was going to stay below 1.51, but it didn't.

Seems like it's done all the falling it wants to do. Note double bottom and a hidden bullish divergence on the 4hour.

Re: Forex Trading - Season 13 by honeric01(m): 9:07pm On Feb 27, 2013
HQ:

Yesterday I managed to scrape something only to lose it all - and even more. UJ Looking bullish at the moment. Would it drop again tomorrow, I wonder.

I will be turning away to the AUD. Cash in on the bears, hopefully.

I think AUD is going to get weaker and weaker as time goes on.. An important news around the corner.

1 Like

Re: Forex Trading - Season 13 by honeric01(m): 9:11pm On Feb 27, 2013
naijababe:

Seems like it's done all the falling it wants to do. Note double bottom and a hidden bullish divergence on the 4hour.


Yes, well maybe it's going to turn back again around 1.522x, maybe maybe. (On 4hrs, the bear traits are still present)
Re: Forex Trading - Season 13 by prowitin(m): 9:26pm On Feb 27, 2013
just bought ej...lets see how this will go this nite
Re: Forex Trading - Season 13 by sojmann(m): 9:55pm On Feb 27, 2013
prowitin: just bought ej...lets see how this will go this nite

Bought 3 yen pairs! undecided sorry 4 pairs shocked

Re: Forex Trading - Season 13 by infofirst(m): 10:34pm On Feb 27, 2013
infofirst: all forces pushing eu down,oya ,.,,,,,,, 1.314x is still my support
.
seems support now resistance n waiting for 1.288x to aim 1.381xx.....will try to take some sell at 1.316x with tight sl n target 13000
Re: Forex Trading - Season 13 by Nobody: 11:06pm On Feb 27, 2013
In. 127 target.
Re: Forex Trading - Season 13 by Nobody: 11:08pm On Feb 27, 2013
sojmann:

Bought 3 yen pairs! undecided sorry 4 pairs shocked

Hope you spread your risk reasonably? Cos what you just did is opening one trade 4 times.
Re: Forex Trading - Season 13 by zinosleek(m): 11:13pm On Feb 27, 2013
eu falling down from here on
Re: Forex Trading - Season 13 by sojmann(m): 12:23am On Feb 28, 2013
I don suffer oh!Make una help me beg starcomms. angry
Re: Forex Trading - Season 13 by ayox2003: 1:45am On Feb 28, 2013
Broker effing up.

Not trading sad



Frawzey
Re: Forex Trading - Season 13 by fxbomovi: 3:03am On Feb 28, 2013
Piponomics:
Hope you spread your risk reasonably? Cos what you just did is opening one trade 4 times.
Re: Forex Trading - Season 13 by fxbomovi: 3:08am On Feb 28, 2013
Where ej closes today is vital. Thats the key that wil push ej higher.
Piponomics: In. 127 target.
Re: Forex Trading - Season 13 by fxbomovi: 3:09am On Feb 28, 2013
Where ej closes today is vital. Thats the key that wil push ej higher. So i will wait till close of market today.
Piponomics: In. 127 target.
Re: Forex Trading - Season 13 by honeric01(m): 3:40am On Feb 28, 2013
My suggestions are posted by 6pm EST each day.


Overall there is strength in the EUR, CAD and some minor strength in the NZD.

Overall there is weakness in the USD, JPY and some minor weakness in the AUD.



Buy Trades - EUR/USD, EUR/JPY, EUR/AUD, EUR/CHF, CAD/JPY

Sell Trades - USD/CAD


Happy Trading,
Andrew
Re: Forex Trading - Season 13 by fxbomovi: 6:04am On Feb 28, 2013
Thanks for posting this vital info but i think aud and nzd will be strong today and gbp and eur will be the weak.
honeric01: My suggestions are posted by 6pm EST each day.


Overall there is strength in the EUR, CAD and some minor strength in the NZD.

Overall there is weakness in the USD, JPY and some minor weakness in the AUD.



Buy Trades - EUR/USD, EUR/JPY, EUR/AUD, EUR/CHF, CAD/JPY

Sell Trades - USD/CAD


Happy Trading,
Andrew
Re: Forex Trading - Season 13 by Kashif(m): 6:24am On Feb 28, 2013
surveycash:
@Kashif...I see you. Well done sir.

Oga, your boy dey o..welcome back... wink Chai! I missed AUDJPY! cry cry

@sojmann, you seem to be buying at short term supplies....is it working for you?
Re: Forex Trading - Season 13 by infofirst(m): 6:55am On Feb 28, 2013
infofirst:
.
seems support now resistance n waiting for 1.288x to aim 1.381xx.....will try to take some sell at 1.316x with tight sl n target 13000


Pending sell on eu at 1.3160 picked overnight,tp 1.3000. sl 1.3210, deadline for trade, tomorrow on or before close of mkt or when sl or tp done,wcever comes first. plan ur trade and trade ur plan
Re: Forex Trading - Season 13 by honeric01(m): 7:50am On Feb 28, 2013
infofirst:

Pending sell on eu at 1.3160 picked overnight,tp 1.3000. sl 1.3210, deadline for trade, tomorrow on or before close of mkt or when sl or tp done,wcever comes first. plan ur trade and trade ur plan

Nice one.. but, hmmm hmmmm 1.3205 looks like a reality.
Re: Forex Trading - Season 13 by silibaba: 7:51am On Feb 28, 2013
am holding on to my sell.am not in a haste to get rich cheesy
naijababe: Caution on EJ buys, downtrend, consoliadtion, price hovering at WS2 level on the hourly tf.
Re: Forex Trading - Season 13 by infofirst(m): 7:55am On Feb 28, 2013
Food for thought;
If you can`t take a small loss, sooner or later you will take the mother of all losses.
Jack Schwager
“The New Market Wizards”
Re: Forex Trading - Season 13 by fxbomovi: 8:13am On Feb 28, 2013
Word. Every trader should know the odd is no longer in there favour and close the trade, whether they are in profit or in loss.
infofirst: Food for thought;
If you can`t take a small loss, sooner or later you will take the mother of all losses.
Jack Schwager
“The New Market Wizards”
Re: Forex Trading - Season 13 by JAkpayen(m): 8:14am On Feb 28, 2013
HIGH PROBABILITY TRADE TODAY: BUY GOLD
SELL EU (with tight SL @ 1.3200)

1 Like

Re: Forex Trading - Season 13 by sojmann(m): 8:15am On Feb 28, 2013
A better alternative to starcomms please.Someone help me!
Re: Forex Trading - Season 13 by infofirst(m): 8:17am On Feb 28, 2013
Food for thought;
If you can`t take a small loss, sooner or later you will take the mother of all losses.
Jack Schwager
“The New Market Wizards”


Most successful traders kids think all fathers work at home, hmmmm.I guess the only orange seller here kids must be thinking same.oh my oh my

1 Like

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