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Forex Trading - Season 13 - Business (696) - Nairaland

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Re: Forex Trading - Season 13 by keni: 10:48am On Dec 20, 2013
saintfaculty: Renko chart is not time dependent unlike the normal chart i.e 5min takes 5min to form a candle, it depends on price movement. it is very profitable trading renko during the most active time of the day or when price moves VERY FAST OR ACTIVELY....

The renko box(candle stick) that u see in those charts are not formed based on time, they are formed based on the box size i.e if u set the box size to be 10, once the price moves 10pips either up or down a new box will be formed. If price dont exceed 10pips, even if it stays for 5hrs, no new box or candle will be formed.

I dont like renkos, it looks cool but u need to b patient.... very patient... Another problem u might encounter here is on the box size, HOW MANY PIPS MOVEMENT WILL MAKE A BOX? . The decision is yours, its your choice, depends on your schedule.




SILVER!!!
Pls can u share d indy on ur renko chat?
Re: Forex Trading - Season 13 by fredoooooo: 11:04am On Dec 20, 2013
@naijababe happy anniversary !!!
Re: Forex Trading - Season 13 by sojmann(m): 12:15pm On Dec 20, 2013
keni:

Hi Pls what is the setting of your zwuk MA?

Thx

Settings are default
Re: Forex Trading - Season 13 by jaidopumpin: 12:24pm On Dec 20, 2013
left d trade -10pips done for d week

but waiting patiently for a long move on yellow metal

or confirmation for continuation for downward moves

enjoy be back by 2pm for data release on USD
presciainter:

@Jaidopumpin, I observe weekly Resistance few pips from your entry and monthly Resistance very close as well.

How do you intend to manage the "perceived obstacles" of the long move?
Re: Forex Trading - Season 13 by hisableplc(m): 12:37pm On Dec 20, 2013
endfx1: sell gbpnzd now

sl 60pips

tp 200pips or more........signal taken from 4hr tf.

my initial gbpnzd sell was closed at breakeven yesterday after moving 50pips plus

i feel nxt week will be a gud timing d sell is ripe but patience mit yield a gud one leme do low lots tins sha cos na u bico...
did u get my mail?
Re: Forex Trading - Season 13 by sojmann(m): 1:21pm On Dec 20, 2013
Hmm............divergence!!!

Re: Forex Trading - Season 13 by willscolf: 1:30pm On Dec 20, 2013
2day is my last trading 4 dis yr.xmas nd new yr tins r callin,c u guys wen i return 4rm d villa.more pips 2 d house
Re: Forex Trading - Season 13 by frenchman2: 1:39pm On Dec 20, 2013
forexprophet: NAIJABABE is celebrating her anniversary.......... pls house send your good wishes to her. Behold her picture

Madame Naijababe, joyeux anniversaire.
forexprophet, hope you got her permission before posting her picture?

1 Like

Re: Forex Trading - Season 13 by meshpips(m): 1:42pm On Dec 20, 2013
naijababe: Choi!!! My pishure don land for here shocked. Una for tell me una turn me to NL celeb o. Many thanks for the prayers and best wishes.

Happy wedding anniversary babe!
Kudos to your husband, he sure is doing a great job on you.
Meshach
Re: Forex Trading - Season 13 by ykpuffy(m): 2:25pm On Dec 20, 2013
sojmann: Hmm............divergence!!!

bro, how did u set-up this ur renko chart? I've been trying to set it up on my exness mt4 platform but seems not to be working
Re: Forex Trading - Season 13 by natruetalk: 2:34pm On Dec 20, 2013
eyeing to buy eur/jpy any opinion here?
Re: Forex Trading - Season 13 by natruetalk: 2:35pm On Dec 20, 2013
natruetalk: eyeing to buy eur/jpy any opinion here?

gold also looking onion to print dollar northward
Re: Forex Trading - Season 13 by natruetalk: 3:02pm On Dec 20, 2013
natruetalk: eyeing to buy eur/jpy any opinion here?

entered eur/jpy buy as shown below.

goodluck

Re: Forex Trading - Season 13 by natruetalk: 3:18pm On Dec 20, 2013
natruetalk:

gold also looking onion to print dollar northward

just bought gold as well

Goodluck

Re: Forex Trading - Season 13 by meshpips(m): 3:31pm On Dec 20, 2013
natruetalk:

entered eur/jpy buy as shown below.

goodluck

Uncle,
your EURJPY and gold trades are the EXACT opposite of mine.
I sold both EURJPY and GOLD.

Re: Forex Trading - Season 13 by JAkpayen(m): 3:43pm On Dec 20, 2013
GBP/AUD will fall to this price zone marked horizontal red before going up

Re: Forex Trading - Season 13 by martog: 3:45pm On Dec 20, 2013
Hi mates, I want to say a BIG THANK YOU to God for the gift of life and to every trader for the knowledge you have imparted in me, through your comments. Word is, I have enjoyed myself in terms of the money made through alerts, including losses, the arguments /quarrels and the reconciliations, which ofcourse is part of our daily struggles.
To cut the story short, abeg make una take time out to relax and enjoy this holiday period. Am done with trading for the year 2013. Holiday tinz on my mind. God willing, we shall do it again in 2014.
Wishing you all a merry Christmas and a prosperous 2014. See you all in 2014. @ Oliverpin, dont forget your task of starting the new thread oooo... I LOVE YOU ALL!!!
Cheers!
Re: Forex Trading - Season 13 by endfx1(m): 3:46pm On Dec 20, 2013
endfx1: sell gbpnzd now

sl 60pips

tp 200pips or more........signal taken from 4hr tf

Let's relax at BE +2 n see how this goes. We are about crossing our 1st major barrier.
Re: Forex Trading - Season 13 by endfx1(m): 3:52pm On Dec 20, 2013
JAkpayen: GBP/AUD will fall to this price zone marked horizontal red before going up

hmmmmm...ok na fingers crossed
Re: Forex Trading - Season 13 by rozayx5(m): 3:55pm On Dec 20, 2013
natruetalk:

just bought gold as well

Goodluck

will join when i get confirmation

maybe monday

closing trading for the year on tuesday cool
Re: Forex Trading - Season 13 by JAkpayen(m): 3:57pm On Dec 20, 2013
Alert!

Sell AUD/JPY @ 92.90 SL 50 pips TP 200 pips
Re: Forex Trading - Season 13 by endfx1(m): 3:59pm On Dec 20, 2013
endfx1: sell gbpnzd now

sl 60pips

tp 200pips or more........signal taken from 4hr tf.

Holy shit i just realise I've been talking about gbpnzd here instead of gbpaud.......

Please incase you took the call forgive my manners, the trade call above was supposed to be for GBPAUD and that's what am trading
Re: Forex Trading - Season 13 by JAkpayen(m): 4:30pm On Dec 20, 2013
endfx1:

hmmmmm...ok na fingers crossed
"Let the market come to you". This is one of my favourite maxim, I'm bullish bias on this pair and so I will wait till that price is hit then see PA reaction around there.
Re: Forex Trading - Season 13 by endfx1(m): 4:56pm On Dec 20, 2013
JAkpayen:
"Let the market come to you". This is one of my favourite maxim, I'm bullish bias on this pair and so I will wait till that price is hit then see PA reaction around there.

ok sir i will kindly join you to the north when i get there hopefully....pls wait for me oooo grin

Re: Forex Trading - Season 13 by sojmann(m): 5:06pm On Dec 20, 2013
Uj in not going north!
gj about to hit tp

Re: Forex Trading - Season 13 by jaidopumpin: 5:08pm On Dec 20, 2013
bought too
rozayx5:

will join when i get confirmation

maybe monday

closing trading for the year on tuesday cool
Re: Forex Trading - Season 13 by sojmann(m): 5:13pm On Dec 20, 2013
nj,uj,gj and gu have hit tp!!!

Waiting patiently for aj

Re: Forex Trading - Season 13 by endfx1(m): 5:13pm On Dec 20, 2013
missed uj signal @ 104.35.....hmmmmmm
Re: Forex Trading - Season 13 by natruetalk: 5:20pm On Dec 20, 2013
natruetalk:

traders on this thread don't seem to look the way of oil, i think this is one of the commodity that news don't always has much impact on example was yesterday mkt.

this is what am saying currency is too easy to manipulate unlike most commodity
closely monitoring my eur/jpy

definitely is going to be oil and gold coming new year
Re: Forex Trading - Season 13 by JAkpayen(m): 5:37pm On Dec 20, 2013
I'm expecting AUD/USD to rebound sharply to the south at the yellow line.

Re: Forex Trading - Season 13 by meshpips(m): 6:00pm On Dec 20, 2013
@ Natruetalk,
check your gold long.
price just did a bearish bat on 1hr tf with point D at 1207.xx
Enjoy.
Meshach
Re: Forex Trading - Season 13 by natruetalk: 6:10pm On Dec 20, 2013
meshpips: @ Natruetalk,
check your gold long.
price just did a bearish bat on 1hr tf with point D at 1207.xx
Enjoy.
Meshach

i think gold still have room to move up to around 1215 zone before any decision to go beyond/reverse. but today na friday looking to close my trade before closing of the market

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