infofirst:

... Allowing trades to do the needful really pays but requires lot of patience n discipline...

cool bro, on my end is GJ

Exit now with 30pips and exit the other at breakeven, BE is better than stoploss HIT.

iheanyiebeneze:
sell DOW now at 17920 and first take profit is 17720 while the second take profit is 17620 , stoploss is 200pips.

GOLD first take profit hit, exit NASDAQ at BE.

iheanyiebeneze:
I will buy gold at 1151.51 if it comes to that level in the next 3hours for an 80pips first take profit and 200pips second take profit.
Also i will sell NASDAQ at 4346.46 if it gets there any moment from now.
Lets watchout...

NO stoploss hit, thanks be to GOD.

Exit with 50pips

iheanyiebeneze:
sell Nasdaq100 Now at 4353.53. first take profit at 4323.53 but second take profit is 4290.00

NOON trade for today is USDCHF, buy now at 1.0020 for a first 70pips take profit, bring second stoploss to BE as soon as the first take profit is hit.

Lord have mercy, gold is really going to range until the Fed's minutes tomorrow

Forex market trade LEVELS (RESISTANCE and SUPPORT), entering at these levels will make you PRAGMATIC and PROFITABLE trader, because you are sure that when the market goes against you, it will SURE come back to the level you entered it, this allows you to either exit at breakeven or at least small profit.
Sometimes SUPPORT turns RESISTANCE or RESISTANCE turns SUPPORT , before the trend continues.Thats why its good to enter at these levels.



Hope this will help someone.

If USDJPY comes to 121.10 now or in the next 2hours, BUY at that level. First Take profit is 121.35 and second take profit is 121.50. Stoploss is 100pips
Bring second stoploss to BE as soon as first take profit is hit.

In motion,

iheanyiebeneze:
NOON trade for today is USDCHF, buy now at 1.0020 for a first 70pips take profit, bring second stoploss to BE as soon as the first take profit is hit.

I PLAN MY TRADE AND TRADE MY PLAN.

Hi nairaland, pls I need help on how to check the forex market, I have just started trading and I am really losing, so I will really appreciate if you can give me full detail
about the market. Thanks.

Boss,
It really help me.. Thanks for sharing the truth. God bless u PIPly

iheanyiebeneze:
Forex market trade LEVELS (RESISTANCE and SUPPORT), entering at these levels will make you PRAGMATIC and PROFITABLE trader, because you are sure that when the market goes against you, it will SURE come back to the level you entered it, this allows you to either exit at breakeven or at least small profit.
Sometimes SUPPORT turns RESISTANCE or RESISTANCE turns SUPPORT , before the trend continues.Thats why its good to enter at these levels.



Hope this will help someone.

Hello Boss, with respects to guru on Naira Land, FX is a market that requires training and stable mindset. All u need is dont rush into a real account (practicing with real money). Open a DEMO account with any of the brokers around with a reasonable amount of virtual money e.g. btw $500 - $1000. All experiences u can gather from the demo could then be transferred to the REAL ACCOUNT. DO NOT OPEN A REAL ACCOUNT UNTIL U ARE ABLE TO TRADE PROFITABLY ON UR DEMO ACCOUNT.

Also remember that, FX is not a get rich quick (ref. to 12ema fx Aler 14). So if u need quick money dont come to forex...

I will recommend www.babypips,.com for your training

Best of lucks

toxco:
Hi nairaland, pls I need help on how to check the forex market, I have just started trading and I am really losing, so I will really appreciate if you can give me full detail
about the market. Thanks.

GJ is panning out well. Respected 50% level (180.27). Still looking at 175.52 level (my target). But first 177.76level have to give way. 179.15level is another good place to open another position.

melach:
GJ leaving upto expectation. Respected 50% level (180.27). Still looking at 175.52 level (my target). But first 177.76level have to give way. 179.15level is another good place to open another position.

I woke up to find my 89 pips down to 66 and took a sharp exit.

adeniyia33:
Hello Boss, with respects to guru on Naira Land, FX is a market that requires training and stable mindset. All u need is dont rush into a real account (practicing with real money). Open a DEMO account with any of the brokers around with a reasonable amount of virtual money e.g. btw $500 - $1000. All experiences u can gather from the demo could then be transferred to the REAL ACCOUNT. DO NOT OPEN A REAL ACCOUNT UNTIL U ARE ABLE TO TRADE PROFITABLY ON UR DEMO ACCOUNT.

Also remember that, FX is not a get rich quick (ref. to 12ema fx Aler 14). So if u need quick money dont come to forex...

I will recommend www.babypips,.com for your training

Best of lucks

Thank you very much, have done that and I think am OK about the demo trading, what I need is how to know which pair of currency am I going to trade and time to trade them, I don't know sites to get the real information about the market, because I know people do visit sites to get information.

[quote author=naijababe post=31706345]

I woke up to find my 89 pips down to 66 and took a sharp exit.

[/quote

I didn't trust that 180.27 level also being the the 50% level that was why I asked to know what you think. I exited my buy and positioned a sell stop.

naijababe:
Lord have mercy, gold is really going to range until the Fed's minutes tomorrow

true talk, it needs some force

@ melach, I know it was even on the chart I posted yesterday. I just thought it might have some more momentum to the upside ni so I ignored the little pin bars but ran when I saw the engulfing pattern this morning. I nor dey take that patten joke. Believe it or not, that patttern when formed in trend always give at least 200 pips on everything I have traded.

All u need is the ability to FOLLOW THE PRICE ANYWHERE THE PRICE GOES (learn price action) as for the timing I will recommend London session and if u dont mind, upload ur email address and I will send u a dox on fx timing and sessions

Consider PRICE AS THE MASTER, FOLLOW IT ANYWHERE, THEN, U WILL BE AT PROFIT

It is well

toxco:

Thank you very much, have done that and I think am OK about the demo trading, what I need is how to know which pair of currency am I going to trade and time to trade them, I don't know sites to get the real information about the market, because I know people do visit sites to get information.

toxco:

Thank you very much, have done that and I think am OK about the demo trading, what I need is how to know which pair of currency am I going to trade and time to trade them, I don't know sites to get the real information about the market, because I know people do visit sites to get information.

sorry bro, i dont think u are done with ur demo trades

naijababe:
@ melach, I know it was even on the chart I posted yesterday. I just thought it might have some more momentum to the upside ni so I ignored the little pin bars but ran when I saw the engulfing pattern this morning. I nor dey take that patten joke. Believe it or not, that patttern when formed in trend always give at least 200 pips on everything I have traded.

I started following GJ closely when u highlighted how it respects technical levels and candle patterns. Hope it continues like that

adeniyia33:
All u need is the ability to FOLLOW THE PRICE ANYWHERE THE PRICE GOES (learn price action) as for the timing I will recommend London session and if u dont mind, upload ur email address and I will send u a dox on fx timing and sessions

Consider PRICE AS THE MASTER, FOLLOW IT ANYWHERE, THEN, U WILL BE AT PROFIT

It is well

I would appreciate that, Thanks.

melach:


I started following GJ closely when u highlighted how it respects technical levels and candle patterns. Hope it continues like that

Big fat loud Amen!!!

natruetalk:


while waiting to c reaction @ my eyeing zone.

just playing with BUY. will jump out if d cycle taken out or if next 1hr candle fail 2 close nicely

no much volatility on currency since yesterday.

still on my UC trade of yesterday since no much threat . no lelee

Capitals:


My eurgbp trade lost (after many wks), Just bought again sl 0.6853. 0.02 size

First tp in view, set second for BE. added a USDCAD sell. couldnt update earlier cos I have been busy with my regular job

on EU, d currency still within BEAR territory below "1.079x zone" dis yellow zone need to be watch if held could send d currency down below

Please check your mail. I forwarded 2 pdf dox for your downlaod.. Best of luck

toxco:

I would appreciate that, email: toxcoemma@gmail.com. Thanks.

adeniyia33:
Please check your mail. I forwarded 2 pdf dox for your downlaod.. Best of luck

Thanks. God bless you.

docus:


sorry bro, i dont think u are done with ur demo trades

It seem you didnt understand me.

natruetalk:


no much volatility on currency since yesterday.

still on my UC trade of yesterday since no much threat . no lelee

jump out of dis bus with -8pips

Goldman Sachs has revised its forecast for the EUR/USD to the downside for the second time in a month. Here are the investment bank's reasons.

"In September and December 2014, the Fed adjusted its forward guidance, which led to increases of 2% and 3% respectively during the following week. Deleting the word "patience" from its press release would be a step forward in the process leading to higher interest rates. Rising interest rates will be a powerful factor weighing down on the EUR/USD in the coming months." says GS.

Goldman Sachs also noted that the weakness of the EUR/USD is related to the launch of QE, but not only that. "Fundamental forces are at work, such as the European capital outflows in the month of December, the figures showed net outflows for the first time in many years. This trend is likely to continue", says GS.

GS does not think we have reached the lowest point on the EUR/USD pair. We do not think there will be a cyclical rebound. First, any significant rebound should occur amidst an economic recovery in the peripheral countries, which could weigh down on the eurozone's current account. We therefore expect that the euro will weaken once we have seen signs of economic recovery in the eurozone. Second, we continue to worry about the lack of momentum in the peripheral economies and even growth rates above the consensus will not be enough to close the output gap and lower the unemployment rate decisively", adds GS.

GS expects to see the pair hit 1.02, 0.95 and 0.90 within 3, 6 and 12 months, respectively.

The dollar is going down! Just got out of my GJ sell. Holding Dow Sells