Continue here please guys: https://www.nairaland.com/nigeria/topic-800194.0.html

Are we starting all over??

Yes, when a thread gets to 100 pages, we start over again. It's the NL way

Oh! Didnt knw, i rarely participate on other discussions.

Registering on the 1st page of the new fx thread!

Also to tell those that took the Gbp-Usd sell trade with me, based on my call, that they should be on the look out to move their stop loss to break even when market price gets to 1.6316 zone (200 pips). However, if you feel pressed to secure your trade at the current level (1.63700), you can do so right away.

Right now we are on 150 pips in profit - halfway to our TP of 300 pips. We are also on +30 pips on the Usd-Jpy buy position. Talk to you when we get to the promised land

Nice 1 Blog Icon cos u ROCK!

before you begin i will suggest you go to forexfactory.com (rookie discussion area) and search for Broker Formation. there u will understand that most of the blame we place on brokers are not theirs but a manifestation of our own shortcomings in knowledge. under normal circumstance no broker will freeze, cause spillage. if u check ur broker and compare with the platform of the other brokers u will notice that the price levels are always around the same area. the difference in the price point is caused by the difference in liquidity provider which is normal (if u av heard of arbitrage trading before. this set of people profit from price inefficiency from different liquidity provider). my advice to you is to focus on ur strategy and trade execution 2pips to 5pips spillage should not hurt you. check ur mt4 execution tab u will see deviation. it is put there for purpose use it to ur advantage rather than looking fora broker that will be ur best friend cos they are not. infact they are ur worst enemy. remember most of them are bucketshop brokerl.though majority of them now operate secondary account for people that wanna operate from ECN and STP trade position.if at all u will need my recommendation as per a particular broker i will recommend London Capital Group.

Happy new thread, may the pips be with us all.

@Mr. Temple thanks. I hope you are on the train of pips harvest too. Did you take any of the trade calls?

@ naijababe
can you rename it Forex Trade Alerts II, or Season II, or Part II?
@ All
welcome to a new thread but our journey still continues.

Fellow pip-hunters, may I announce my arrival on volume 2 of this thread.

[quote[b]]@ naijababe
can you rename it Forex Trade Alerts II, or Season II, or Part II?[/b]
@ All
welcome to a new thread but our journey still continues[quote][/quote]
Good suggestion on the highlighted.

May the pips be with you.

JAkpayen:

@ naijababe
can you rename it Forex Trade Alerts II, or Season II, or Part II?

Seconded. Happy Pipping Everyone.

Wow time surely runs these days.
Abeg name the thing season2 jor.

Are we there yet?

Gold plunged more than $100 as demand for safe havens eroded on Wednesday. The pound lagged, falling to a one-week low while USD and JPY led. Early in Asia-Pacific trading New Zealand retail sales beat expectations and Steve Jobs resigned from Apple.

Atypical market dynamics prevailed throughout the session as risk currencies slumped despite a rally in stocks and selloff in bonds. The S&P 500 gained 1.3% to 1177.

Precious metals were the major story as gold fell $102, or 5.5%, to $1759 and silver fell 6.2% to $39.71. It was the largest percentage decline in gold since March 2008. The CME hiked gold trading margins by 27% afterhours and many traders (including us) believe the announcement was leaked.

Cable began to slide mid-way through European trading and selling accelerated as last weeks low of 1.6420 gave way. The pair closed on the lows at 1.6360 leaving a negative bias.

EUR/USD was relatively stable spending most of the session above 1.44 despite a run on Greek two-year bonds that pushed yields to 44% because of Finlands threatened bailout non-participation.

Economic data aided broad sentiment as durable goods orders ex-transport rose 0.7% compared to the -0.4% expected. The report was solid and it will add an upward bias to Q2 GDP revisions but seasonal adjustments may have played a part and orders data points to a slowdown. Lately, there has been a disconnect between sentiment data and hard data. The general rule is that sentiment leads and data lags.

The other release that buoyed sentiment was from the CBO which said the US will have $3.487T in deficits over the next 10 years, about $3.3T lower than its previous estimate. The CBO noted that its growth estimates (which include an unrealistic 2.4% rate this year) were made in early July, when the landscape was different. We believe the deficits will be much higher but the CBO has a difficult job at the moment with so much of the political landscape is in flux, including taxes, revenue and spending.

The New Zealand dollar rose in early Asia-Pac trading after retail sales rose 0.9% in Q2 compared to the +0.6% expected. The rise matches the gain in Q1. Core sales climbed 1.4% compared to the +0.7% consensus.

At the same time, Steve Jobs said he could no longer meet his duties and expectations and announced his resignation as CEO. He plans to stay on as Chairman of the Board but the news will likely weigh on Apple shares and the broader market in the day ahead as the co-founder and CEO since 1997 exits.

Are we there yet?

before you begin i will suggest you go to foresfactory(rookie discussion area) and search for Broker Formation. there u will understand that most of the blame we place on brokers are not theirs but a manifestation of our own shortcomings in knowledge. under normal circumstance no broker will freeze, cause spillage. if u check ur broker and compare with the platform of the other brokers u will notice that the price levels are always around the same area. the difference in the price point is caused by the difference in liquidity provider which is normal (if u av heard of arbitrageurs before. this set of people profit from price inefficiency from different liquidity provider).
my advice to you is to focus on ur strategy and trade execution 2pips to 5pips spillage should not hurt you. check ur mt4 execution tab u will see deviation. it is put there for purpose use it to ur advantage rather than looking fora broker that will be ur best friend cos they are not. infact they are ur worst enemy. remember most of them are bucketshop broker.though majority of them now operate secondary account for people that wanna operate from ECN and STP trade position.if at all u will need my recommendation as per a particular broker i will recommend London Capital Group.
good morning guys. registering my post on the first thread also.

fellow traders,
pls find attached ,a price based chart. its different and better than a time based chart. its filters whipsaw and spikes

i still preach concentration on 1 pair or almost 2 pairs

Holy Grail in here?

Let me in, guys.

Trade forex on our trading platform and qualify to manage $50,000 for us.

We pay you every month for trading on our platform.

Emailto: oladimeji.oluwo@knightscapitalng.com.

beejaay:

before you begin i will suggest you go to foresfactory(rookie discussion area) and search for Broker Formation. there u will understand that most of the blame we place on brokers are not theirs but a manifestation of our own shortcomings in knowledge. under normal circumstance no broker will freeze, cause spillage. if u check your broker and compare with the platform of the other brokers u will notice that the price levels are always around the same area. the difference in the price point is caused by the difference in liquidity provider which is normal (if u av heard of arbitrageurs before. this set of people profit from price inefficiency from different liquidity provider).
my advice to you is to focus on your strategy and trade execution 2pips to 5pips spillage should not hurt you. check your mt4 execution tab u will see deviation. it is put there for purpose use it to your advantage rather than looking fora broker that will be your best friend cos they are not. infact they are your worst enemy. remember most of them are bucketshop broker.though majority of them now operate secondary account for people that wanna operate from ECN and STP trade position.if at all u will need my recommendation as per a particular broker i will recommend London Capital Group.
good morning guys. registering my post on the first thread also.

Good one Beejay
but some of this brokers do these things
also terrible for scalpers

so what happens to the first thread? closed, going to be erased? or archived? ;D8)

welcome to season II.

We are currently on +260 pips on our GU sell trade. Those that took this position with me should now move their SL to 1.6400 to lock in 120 pips. We are just 40 pips away from our 300 pips target; hopefully before New York session close we should touch the TP line.

We are also on +95 pips of profit on the Usd-Jpy buy trade. If you also took this one with me as well, there should be this large smile across your face. The Land is green!!!! See you guys at market close.

If you are an avid EU and GU trader, then EURGBP is your friend. I don't trade EG, but I always have it around to enable me decide on which of EU or GU has a better trade potential.

Of all the aspects of technicals, supports and resistances are arguably the most reliable. What am I saying? If you have your eyes on EU and GU, and they are both at levels you are comfortable entering short, it wont be a bad idea to look at EG. If EG is at say, H4 resistance (first test) then,  one of these would happen -  GBP gets stronger, or EUR weakens.

In the case above, if you are looking at selling either of EU or GU, EU is a better option. This is because either way, EU will move more.

I guess you know what to look out for if the trade positions are in reverse.

Hope this helps in our pip hunting

@Blog icon , Good market analysis,but i came in late, what's next move for GBP/USD, am still on Bearish *sell position" i think market is still going down, thanks

thanks blog ican
you are the man

Welcome all to Season II. I am happy to announce that in this season, I am quitting trading on the demo. I am now live. Kudos to Blog Icon for giving me the courage.

Happy pipping.

We need people like blog icon in this forum.May God keep lifting you up because am feeling your impact seriously .

@akin, surveycash and aguiyi, thanks for the kind words! Thanks for all the prayers too. I say a big amen to them all. I would also like to use this medium to apologise for not sending in the bullet 3 as scheduled; it's due to my work load here.

I am hoping to release it by weekend. Something I would like to do is produce the rest of the bullets in video format as it woud be easy on me and my time. It would also be beneficial to you guys as it would make digestion of the lesson swift and easier. Let's look towards the weekend.

@bayfam, I would say that it is quite too late to jump in on the gu trade. Yes, the bias remains down, but there is no good entry as at now; I would suggest you skip it for now.

@all those on the GU trade, I would suggest you lock in as much profits as you can ahead of the GBP GDP news release by 9am naija time. If possible take profits 10 minutes to the time as no one knows what effect it would have on the GU. As for the UJ, be sure to move your SL to break even later in the afternoon, as the Fed chairman would be making a very significant speech later in the day.

@everyone else, safe trading and have a nice day!reak even later in the afternoon, as the Fed chairman would be making a very significant speech later in the day.

@everyone else, safe trading and have a nice day!

If you don't know why you keep losing or making money in fx trading, then you need to re-engineer your process.

EU getting set for another sell

Are we there yet? LWKMD@ season 2

Kashif:

If you don't know why you keep losing or making money in fx trading, then you need to re-engineer your process.

EU getting set for another sell

That should be around 1.45xx area though I dont see a clear signal here.

^^^^

1.45XX? something around 1.448x is better.

GU is also looking down, when to enter? i can't say yet.