erniok:
venue please. make i go wash my plates and spoon and buy purge medicine.

abeg were be d venue

my EA sell closed -50

got a counter signal

planbforex:
EUR/USD – INTRADAY TRADING PLAN 23/08/2013

Great analysis. Pretty logical, well thought process.You display a very well rounded knowledge of the market. Undoubtedly, you are an erudite trader. Quality stuff! Keep up the good work!
Meshach

planbforex: EUR/USD – INTRADAY TRADING PLAN 23/08/2013

The fact is that the bears are not yet done with EU. A point of concern for the bears is just that the daily candle yesterday closed bullish. Bu while EU continues to make HH for about 6weeks now, application of MACD shows a divergence to the down side which might indicate weakness in the recent bullish trend. The only way out for the bulls for now is to get a good volume out of fundamental news either from the Euro zone or USD.

Bear Plan – Sell rallies around resistance with your entry strategy. Intraday resistance levels today are 3372 and 3400. A good support to target as your TP is 3314 and 3300. If 3300 is broken, follow it up with a trailing stop and if your broker doesn’t support that, take your SL to BE. Also take note of the TL in the attached chart, it has the tendency to delay EU on its way down. Manage your trade appropriately.

Bull Plan – Demand zone still lies above 3400. But a good entry signal around support or at the break of a resistance will be cool.

Superb! Welcome. InFoFirst u don get twin analyst like you o! Makes house very sweet!


Frawzey

PLEASE IF YOU HAVE NEVER READ THIS,READ IT URGENTLY. by neil fuller
Stop-hunters love day-
traders
Day traders naturally have stop
losses closer to the market price
since they are typically trading
intra-day charts and trying to get
quick gains with tight stops. The
“big boys” and institutional
traders love the average retail
day-trader because they give
them plenty of stops to “hunt”.
Being a day trader and entering a
lot of trades each week means it’s
a lot harder to have a high
winning percentage, largely
because you get stopped out so
much. Institutional traders have
access to information on order
flow and where stops are placed;
it’s not only brokers who go “stop
hunting” but the bigger
institutional traders who can “sniff
out” where the smaller intra-day
traders are placing their stops.
Have you ever noticed how if
you try to trade intra-day the
market tends to hit your stop
and then reverse back in the
direction of your initial
position? The more day-trades
you enter the greater risk you run
of getting “stop-hunted” by the
big boys.
Example Of Stop Hunting
In Action
In the chart example below, we
are looking at a 15minute USDJPY
chart from earlier this week. Now,
had you been trying to day-trade
this 15 minute chart you probably
would have talked yourself into
trading all three of the pin bar
setups below…
Example of How To Avoid
Stop-Hunting
Now take a look at the daily
USDJPY chart below…none of
those 15 minute failed pin bar
setups are even visible…by
focusing on the daily chart you
give the “stop-hunters” less prey,
and you save yourself money,
time and stress:
Market Noise: High-
frequency and quant
algorithm traders hurt
retail day-traders
With the advent of high-frequency
and quantitative algorithmic
trading, we have intra-day charts
that are full of false-signals and
what I like to call “market noise”.
A retail day-trader in today’s
markets has a much tougher time
trying to turn a profit than they
did even about 10 years ago
before all this high-frequency
computer trading was so
prevalent. These high-frequency
traders have what is essentially an
“unfair” edge because they see
the data that we see but a lot
sooner. (you can read an article
later about high frequency trading
here ). This type of trading has
really changed the “nature” of
intra-day charts from what they
used to be, making them more
erratic and less predictable, which
obviously makes it a lot harder for
the average retail day-trader to
read the chart…
Note all the “noise” on this
chart…it’s a 5 minute chart and is
only showing about a 15 pip
range…this is a very messy and
difficult chart to try and trade…
notice all the failed signals and
“shake outs ” that occurred…this
type of trading will chop your
account to pieces very fast
This is another reason I really hate
day-trading; who wants to try to
sift through a sea of false-signals
and market noise when you can
so easily “smooth” it all out by
looking at the higher time frame
charts? As some of you know, I
only teach and trade on time
frames above the 1 hour, and
even the 1 hour is not a time
frame I personally trade very
often. The 4 hour and daily time
frames are my favorite, and I
really consider anything below the
1 hour to be trading account
“suicide”.
Filter out the “B.S.”
Day-trading ingrains and
reinforces the “more is better”
mindset which is basically
gambling, instead of the “less is
more” approach of swing trading
the higher time frames. As we
have seen, today’s retail day-
trader is up against some pretty
stiff competition in the form of
super computers and algorithms
that are programmed by math
“wizards”. Why waste your time
and fry your nerves trying to
compete against such players with
this type of unfair advantage
when there is a much easier and
more lucrative way to trade?
This is why I trade the 4 hour and
daily charts; they filter out all the
“B.S.” that happens on the small
time frames as a result of all
these super-computer-math-wiz-
algorithms. I guess if I really had
to explain the difference between
day-trading and higher time frame
swing trading it would be this;
work smarter, not harder .
Trading on the higher time frames
and ignoring all the chop and
“B.S” that day-traders try to deal
with is really how you trade
smarter. If you want more
training and instruction on how to
trade “smarter” on the higher
time frames, checkout my Forex
trading course and members
community for more info.
Good trading, Nial Fuller

natruetalk:

okay let me try from here

have entered EN @ 1.7091 sl 1.7171

closed my trade with -25pips to save me some pips

Hi house wanna bring an observation. In my current trades I have noticed that commodity currencies like AUD,NZD and CAD usually move the opposite way of non commodity currencies like GBP, EUR, CHF. Does this inverse relationship hold strong or its a one off.

natruetalk:

closed my trade with -25pips to save me some pips

yeah, when EN starts crashing EA will follow with speed

i noticed that when selling EA yesterday, but i just took the trade cause i got a go ahead

rozayx5:

yeah, when EN starts crashing EA will follow with speed

i noticed that when selling EA yesterday, but i just took the trade cause i got a go ahead

at this point only nzd news with good data can save EN , and all N pair. the pair has tried breaking any breakable resistance

looking toward sunday night for NZD TRADE BALANCE that could be turning point

Kirinwa: Guys today is Friday so let's trade wisely.My eyes are on Eurcad alone.Both Eurcad and Gbpcad are going to be bearish irrespective of the bulls now.I speak Fundamentals.

My plan is to sell Eurcad around or at 1.4100.If price breaks 1.4100 better still.I enter my sellstop.Join me on this.

Its happening now.

ayox2003:

Superb! Welcome. InFoFirst u don get twin analyst like you o! Makes house very sweet!


Frawzey

house

my system gave me buy as best probability on oil

bought oil @ 105.12 as shown below

closing my computer now till toward 3pm to avoid emotion on the trade.

May God help me.

#GBPUSD (LT) setup on the horizon (might interest u guys)

break below 5582 has a high probable step down hunt to 1540ish which wld b the 61.8 daily fib move from the last down move 163 -148 ish .. The upside risk to this setup = break above 5725// 5753 opens up 5870 -16012 lvl,. the dashed line in the pic below depicts downside targets going forward.. know ur risk and entry.

Oh boy, na so we dey see am oh.

rozayx5:

this week is just a confirmation that one must not trade everyday to be rich in forex. see as forum dull. fake signals everywhere. me i sold EA yesterday and lost it also with -60. place trades in anticipation of a trend and ur money will answer for it.

i see EJ and AJ falling anytime soon i guess maybe after the close of this present 1hr candle........."I stand to be corrected sha"

Everyday nor be christmas na...

nolly042: this week is just a confirmation that one must not trade everyday to be rich in forex. see as forum dull. fake signals everywhere. me i sold EA yesterday and lost it also with -60. place trades in anticipation of a trend and ur money will answer for it.

adeyinka_basir: i see EJ and AJ falling anytime soon i guess maybe after the close of this present 1hr candle........."I stand to be corrected sha"

I'm on AJ SELL sha @ price 89.08 SL: 89.28 Tp: 88.04

come to see my oil not looking good

close with -60pips to save some pips

Exactly.Eurcad to fall more.You still sell now.

Kirinwa: Guys today is Friday so let's trade wisely.My eyes are on Eurcad alone.Both Eurcad and Gbpcad are going to be bearish irrespective of the bulls now.I speak Fundamentals.

My plan is to sell Eurcad around or at 1.4100.If price breaks 1.4100 better still.I enter my sellstop.Join me on this.

i like this market,

see oil after closing my trade

Kirinwa: Exactly.Eurcad to fall more.You still sell now.

notice the sweet pinbar on gbpcad on daily. still on it. targetting 400 pips. you can see what i was telling you.

Mon> 20 pips
Tue> 115 pips
Wed> 72 pips
Thurs> -175 pips
Fri> 30 pips
A week of so many UP's and Downs. A very good test for trading strategies.

lynx200: Hi house wanna bring an observation. In my current trades I have noticed that commodity currencies like AUD,NZD and CAD usually move the opposite way of non commodity currencies like GBP, EUR, CHF. Does this inverse relationship hold strong or its a one off.

Hi Gio,
I think the relationship holds strong. Let's look at AUD for instance, we know that it has a very good correlation with gold. Now gold happens to be the other method in which countries store their reserve and so it normally trades opposite of the USD. When countries lose faith in the USD, they generally ''convert'' their reserve into gold bars. This is what explains the inverse relationship between gold (and AUD) and the USD.
Now the the opposite movement that you observed really is not coming from the EUR, CAD or whatever, instead, it comes from the currency's RELATIONSHIP with the USD. Remember that what we have in this market are currency PAIRS. Except of course you want to trade the index of these currencies.
Hope this helps?
Meshach

erniok:
notice the sweet pinbar on gbpcad on daily. still on it. targetting 400 pips. you can see what i was telling you.

I prefer not to carryover any trade to next week.Experience has taught me so.Truth is that I have learnt much which I have paid dearly for.Forex throughly has a pattern,discover that pattern and you have arrived.Patience,discipline are halmarks of a great forex trader.Gbpcad did much of the fall.With about 150 pips fall.Managed to get 40pips from Eurcad.Next week will be good.Happy weekend.

Plan your trade and trade your plan.Respect technical and news too.Those who use laptop have an edge over those with mobile in terms of clarity and indicator usage.Using only bollinger band can make you smile.This is the time to think and plan because when market opens.Excitement can make you enter trades you shouldn't take.

Using both fundamental and technical is the BOMB!
*looks around for JTF.

ended this week on a loss. last week also.
going on a short sabbatical. see you guys 2nd sept.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

ayox2003: Superb! Welcome. InFoFirst u don get twin analyst like you o! Makes house very sweet!Frawzey

Beautiful one really n din see it earlier n Good Job Pip-PROF

frenchman2: ended this week on a loss. last week also.
going on a short sabbatical. see you guys 2nd sept.PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

Wish u return stronger boss n but come to think of it, ur set up were lovely n then if u still gat 2 straight weeks of losses then there is need to return to d drawing board indeed, wish u lovely sabbatical and hope to see u return stronger .

For Monday my eyes are on EurNzd and Gold.
Both are expected to be bullish.Once market opens place a buystop at 1401 for gold.
EurNzd:Wait for Nzd news at 11:45pm Sunday night if it's negative buy EurNzd and possibly GbpNzd.If positive Sell them.
Goodluck.
NB:Take this seriously.

Its me onlineresource...
Back to trading now with analysis for this new week...

Gold...

After the range of the market during last week...
Price finally broke through the monthly pivot of 1378 and went further up to the weekly
resistant at 1399 area...

We can see that price refused to break this resistant, though the trand is still bullish
but i will be looking to see a retracement down to the trendline below which is around
1380-1382 area to take a buy...

NOTE; Now that gold has finally broken the monthly resistant, i see the market gradually
changing into a long term bull market... so all trading context should be on the bull side...

Hope this helps...

Wishing you all a lovely weekend.

Ogboraph: target hit trade close and second trade has hit 1.34270 so am i have close 1.50lot size so 0.50 will be running

Please what indicator is this. send me details atta68@yahoo.co.uk thanks

Kirinwa: For Monday my eyes are on EurNzd and Gold.
Both are expected to be bullish.Once market opens place a buystop at 1401 for gold.
EurNzd:Wait for Nzd news at 11:45pm Sunday night if it's negative buy EurNzd and possibly GbpNzd.If positive Sell them.
Goodluck.
NB:Take this seriously.

If EurNzd ever enters SELL which is possible as EurAud has entered SELL it will be worth leaving it for atleast 300pips target.