Forex Trade Alerts - Business (67) - Nairaland
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| Re: Forex Trade Alerts by frecruit: 3:40pm On Jul 14, 2011 |
Bernanke has started his testimony in church er sorry has started to testify. Na wa oh, see as some normally untradeable news events just dey whip price left right and center. Moodys downgrade indeed. I dey laugh !!! |
| Re: Forex Trade Alerts by frecruit: 4:04pm On Jul 14, 2011 |
Bernanke testifies before Senate Banking Committee: Treasury default will destroy trust, confidence of investors in US Debt. |
| Re: Forex Trade Alerts by frecruit: 6:12pm On Jul 14, 2011 |
Euro bank stress test in focus. |
| Re: Forex Trade Alerts by Blogicon1(m): 10:18pm On Jul 14, 2011 |
Sell Eur-Usd at 1.4176 with a 110 SL @ 1.4284 and a 220 pips TP @ 1.3952. This is a nice trade with a R:R of 1:2. Would give the full analysis as usual in less than 2 hours; when I'm in a more relaxed environment. |
| Re: Forex Trade Alerts by Blogicon1(m): 10:26pm On Jul 14, 2011 |
Another trade position worth taking is a sell on Eur-Aud. The parameters are sell @ present price i.e. 1.3193 wit 70 pips SL @ 1.3262 and with a 240 pips TP @ 1.2950 This is a trade with a lucrative R:R of a little above 1:3. However, I would be taking this trade with a lower lot size than usual because I don't have a four factor confluence supporting this position as I usually do; there are only 3. With that said, the trade looks very promising and has a very impressive R:R and I would be entering it but with a lower risk. Goodluck if you would be taking this with me. |
| Re: Forex Trade Alerts by Nobody: 10:35pm On Jul 14, 2011 |
Blog icon:its not friday yet hope u have not started popping something  |
| Re: Forex Trade Alerts by Blogicon1(m): 12:29am On Jul 15, 2011 |
^^^^^ lol. I can't stop laffing , Not yet ooo by brother. Was only at mumsi's bar to keep her some company. By the way, you no dey sleep? |
| Re: Forex Trade Alerts by Blogicon1(m): 12:31am On Jul 15, 2011 |
As a follow up to my promise, here is my analysis which led to my short call on the Eur-Usd pair. This set-up formed off the daily chart and was spotted with pure Price Action (as always) and has many factors supporting it; this gives me full confidence to enter the trade with no hesitation what so ever. Looking at my chart below you would see a pretty strong up trend line that the market had been respecting. You would see that on all test of the up trend support line, the market wasn't able to close below it until it finally broke down. The bearish pinbar (inverted hammer) that we had as our andle for yesterday's trading session showed a clear retest and rejection of the broke up trend line. Also to buttress this position is the 50% fibonacci level which yesterday's candle made a false break above and drastic fall aftterwards to show rejection of the level. Also at the tip of the pinbar candle is my dynamic 21 EMA daily resistance level (which I didn't picture in the chart); the market showed clear rejection of this resistance too. All the above stated factors gave me full confidence to take a short position at the close of the daily candle. Our profit target of about 230 pips is also very logically achieveable which leaves us with a nice 1:2 R:R which is perfect. This is actually my second (and perhaps the last) position I'm taking for this trading week. Posted my first position (on Eur-Gbp) but the spambot blocked me. Do have a prosperous time with the markets for the remaining time. Safe trading. Blog Icon.
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| Re: Forex Trade Alerts by honeric01(m): 7:50am On Jul 15, 2011 |
Blog icon: Pivot: 1.4110. Most Likely Scenario: LONG positions above 1.411 with targets @ 1.4225 & 1.4285. Alternative scenario: The downside penetration of 1.411 will call for a slide towards 1.4035 & 1.395. Comment: The pair stands above its support and should post a rebound. Trend: ST Ltd Upside; MT Range |
| Re: Forex Trade Alerts by Nobody: 7:59am On Jul 15, 2011 |
am going short on gu from 6150 for 50 pips |
| Re: Forex Trade Alerts by honeric01(m): 8:37am On Jul 15, 2011 |
^^^^ Luckgood to you  |
| Re: Forex Trade Alerts by Nobody: 8:41am On Jul 15, 2011 |
shey na gamble? |
| Re: Forex Trade Alerts by bidemi12(m): 8:58am On Jul 15, 2011 |
aguiyi: dont do it, no thought of shorting gbpusd until 16254 is met. Anyway you might get lucky. . . . |
| Re: Forex Trade Alerts by Nobody: 9:10am On Jul 15, 2011 |
i just moved sl to BE, seems am on a wrong road  thanks mate, i took that trade based on the attached
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| Re: Forex Trade Alerts by Nobody: 9:30am On Jul 15, 2011 |
aguiyi:profit taken  |
| Re: Forex Trade Alerts by Nobody: 9:57am On Jul 15, 2011 |
short entered at 6100 for a 25 pips profit |
| Re: Forex Trade Alerts by Nobody: 10:19am On Jul 15, 2011 |
time to long EU and EJ |
| Re: Forex Trade Alerts by honeric01(m): 10:26am On Jul 15, 2011 |
aguiyi: odiaero: Parallel line |
| Re: Forex Trade Alerts by Nobody: 10:55am On Jul 15, 2011 |
^^Which one be para. line again? |
| Re: Forex Trade Alerts by honeric01(m): 11:18am On Jul 15, 2011 |
^^^ Ask your voice recognizion mashine |
| Re: Forex Trade Alerts by Nobody: 11:25am On Jul 15, 2011 |
lol, are will there yet? |
| Re: Forex Trade Alerts by Nobody: 12:04pm On Jul 15, 2011 |
Buying EJ now |
| Re: Forex Trade Alerts by Nobody: 12:09pm On Jul 15, 2011 |
^^ i dont see a bull candle yet  , anyway, i dont trade that pair. |
| Re: Forex Trade Alerts by Blogicon1(m): 12:28pm On Jul 15, 2011 |
odiaero:I would rather favour a sell on that one cos of the nature of close of yesterday's daily candle; it showed bearish rejection of a daily swing point. If I were you, I'd keep away from that pair for now. EU is a better pair to trade now. It's not yet too late to enter a sell (as per my analysis of last night). Just my 2 cents. Goodluck though. |
| Re: Forex Trade Alerts by jamace(m): 12:47pm On Jul 15, 2011 |
Wow! I have seen various indicators used on this forum and to tell the truth, I have tons of indicators too. Yet, trading forex profitably still elude some of us. What is the problem? May the pips be with us. |
| Re: Forex Trade Alerts by Nobody: 1:08pm On Jul 15, 2011 |
aguiyi: Blog icon: For me, what am having is bull, on Long from last bottom already, anyways, there is stoploss in case of reversal |
| Re: Forex Trade Alerts by honeric01(m): 1:29pm On Jul 15, 2011 |
jamace: Hehehehehe, like some people said on the thread, indicators are not what makes you earn because the lag behind, so i think studying candle formation is better. |
| Re: Forex Trade Alerts by Nobody: 1:31pm On Jul 15, 2011 |
News out |
| Re: Forex Trade Alerts by JAkpayen(m): 1:47pm On Jul 15, 2011 |
jamace: Most traders look at charts and indicators, but ignore the actual conditions that affects price change. We all have this information free of charge from the internet but less than 5% actually make use of this info. |
| Re: Forex Trade Alerts by JAkpayen(m): 1:53pm On Jul 15, 2011 |
Anyone watching GU go down? |
| Re: Forex Trade Alerts by honeric01(m): 1:58pm On Jul 15, 2011 |
JAkpayen: What could this conditions actually be? @Odiaro, please buzz me, i need to ask you some things. |
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