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Forex Trade Alerts - Season 6 - Business (91) - Nairaland

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Re: Forex Trade Alerts - Season 6 by surveycash(m): 1:27pm On May 21, 2012
ehizmac:
4rm who nw? Lol
More pips 2 ur accts IJN

You know berra...Amen...Same to you..
Re: Forex Trade Alerts - Season 6 by ehizmac: 1:57pm On May 21, 2012
Hello house i knw i hav been missin in action here on the forum... Reason is because i have been doing some research to improve my system... Thank God the research was successfull, as time goes on i will furnish u all with the details of my finding and i guess trend follower will benefit from it with the likes of salibaba... Happy pipin guys.. Tonjoan, nijababe, honeric01, salibaba, odiaero, et al i hail o
Re: Forex Trade Alerts - Season 6 by nolly042(m): 2:06pm On May 21, 2012
market dey move emotions here una dey there dey blow big big grammer. comeo na art students full here so? us wey do science na to go dey do tutorials on english and literature @tonjoan and jamace
Re: Forex Trade Alerts - Season 6 by blkmum700: 2:08pm On May 21, 2012
ehizmac: Hello house i knw i hav been missin in action here on the forum... Reason is because i have been doing some research to improve my system... Thank God the research was successfull, as time goes on i will furnish u all with the details of my finding and i guess trend follower will benefit from it with the likes of salibaba... Happy pipin guys.. Tonjoan, nijababe, honeric01, salibaba, odiaero, et al i hail o

welcome back,we miss your contribution and analysis, and are we on a southern train?seem the trend is going down abi na trick to get ppl caught out?
Re: Forex Trade Alerts - Season 6 by nolly042(m): 2:10pm On May 21, 2012
tonjoan:

Pronto.
ma boss u and this ur pronto sef.wetin e mean biko. the flow just dey funny
Re: Forex Trade Alerts - Season 6 by nolly042(m): 2:18pm On May 21, 2012
i hope we don't get to see the low of last week but the good news here is that price has given us anoda trend line to connect. hope am right
Re: Forex Trade Alerts - Season 6 by honeric01(m): 2:22pm On May 21, 2012
Euro: The EUR / USD pair continued to update the monthly minimums. The investors had more and more concerns seeing a growing risk of new elections in Greece in June due to the fact that the new government of Greece could not be still formed as well as a possible situation where the country would have to leave out the Euro zone union. The others factors were also pressured the euro currency trading dynamics. The results of auctions on government bonds of Spain and Italy recorded a growth in profitability. Indeed, the Italy raised 5.25 billion Euros with targeted 3.50-5.25 billion Euros and the average yield of bonds maturing in 2015 rose to the level of 3.91% from 3.89% for a similar previous release. The results of auctions of the Spain government bonds were also disappointed; Spain placed bonds maturing in January 2015 in the amount of 372 million Euros in July 2015 in the amount of 1.024 billion Euros in April 2016 in the amount of 1.098 billion Euros. All three placements had the maximum yield which was caused by speculation that the financial crisis in Europe goes beyond Greece. Other negative factor was the result of published report on Industrial production in the euro area, which recorded stronger than the predicted decline in -2.2 % versus forecasted -1.4%.The meeting of finance ministers of Euro zone which held in Brussels for the purpose of resolving the situation in region did not bring any result. The Euro continued trading near a four-month low against the dollar. Some support for the currency was provided by the stronger than expected Germany’s GDP report, which on the quarterly basis increased by 0.5 % in the first quarter of 2012. The forecast of analysts was of growing of GDP by only 0.1%. According to preliminary data, the GDP of the euro zone as a whole was 0, 0% against the average of forecasts -0, 2%. The report was also better than expected. The EUR / USD couple showed the high of the day in the area at $ 1.2869, but couldn’t sustain and fell below the $1.28 level to the region of $ 1.2770. The Euro reached its lowest level in four months falling slightly below the $ 1.2700 level on the background of announcement of the early elections in Greece, which will be held on June 17. The fact that the Greek politicians could not use the last chance to form a government made an early parliamentary election inevitable. The big intraday push down of the EUR / USD couple to lows of 1.2688 level occurred due to the information that the ECB has stopped cash transactions with some Greek banks. At the Friday’s sessions the EUR/USD couple bounced from the important $1.2642 level and strengthened to the $1.2790 region. The fall of the euro against the dollar was limited due to the technical factors.
Re: Forex Trade Alerts - Season 6 by honeric01(m): 2:22pm On May 21, 2012
U.S. Dollar: The Dollar was in demand this week due to the fears that the global economic recovery may be slower than expected as well as on transferring assets by investors towards safe haven currencies because of the situation with the political instability in Greece. The dollar Index continued climbing during all 5 trading days and strengthened to the 81.85 region on Friday’s close. The only one issue had a negative impact on currency’s trading dynamics: the fact that the publication of the minutes of the FOMC’s last meeting protocol showed that some of Fed officials favored the further easing of monetary policy, if the U.S. economy will continue to go lower.
Re: Forex Trade Alerts - Season 6 by honeric01(m): 2:22pm On May 21, 2012
British Pound: The pound rose against major traded currencies as investors looked for alternatives for the Euro currency. Also, the support for the currency was provided by the result of recent meeting of the Bank of England, which confirmed that the authorities will not change the course of monetary policy and continue the program of asset purchases. The GBP / USD pair fell into the region of $ 1.6018 on the backdrop of publication the report on trade balance deficit which was up in March to 8.6 billion pounds compared with an expected 8.4 billion pounds.The reason that pound fell on Wednesday was the publication of the report of the Bank of England on the situation with inflation in the country in the first quarter of the 2012. The British Central Bank lowered forecasts for economic growth in the country and raised its forecast for inflation thus increased market participants' expectations regarding the continuation of the Bank of England policy of quantitative easing. The GBP / USD pair fell sharply during the report announcement even breaking the $1.5900 level and recording the low of today at $ 1.5890 mark. Later the couple was able to bounce to the area of $ 1.5950.
Re: Forex Trade Alerts - Season 6 by honeric01(m): 2:22pm On May 21, 2012
Japanese Yen: The yen continued its decline against the dollar after the published report on Machine orders. The results showed that in March on monthly basis the volume of orders fell to -2.8 % after rising 2.8% at the previous month. The USD / JPY pair rose to the region of $80.53.Amid speculation that on next week the Bank of Japan would increase the amount of incentive programs the yen weakened against most major currencies. The head of the Bank of Japan Mr. Masaaki Shirakawa noticed at his speech that the stability of the economy growth is very important. As the result, the USD / JPY pair changed its direction and fell steeply to the Y79.80 area by the end of European session. The decline of stock indexes amid growing negative sentiment in the market supported the yen as the currency with the safe haven status. Against this background, the yen updated the 3- month high against the dollar falling to the Y79.12 level.
Re: Forex Trade Alerts - Season 6 by honeric01(m): 2:23pm On May 21, 2012
Australian dollar: The news that the People's Bank of China has reduced the reserve requirement for commercial banks by 50 basis points had a negative impact on the currency pushing it down the equal level with US dollar. All news which comes from China dramatically influences the Australian currency trading dynamics due to the fact that the China is the largest trading partner of Australia.
Re: Forex Trade Alerts - Season 6 by frenchman2: 2:59pm On May 21, 2012
just went long on silver at 28.15. exit 29.54

licking my wound from my eur/jpy trade of last wk.

0diaero and nolly bin warn me on that trade i no gree hear wod.

dem say fly wey no dey hear word na him dey follow dead body enter grave.

went long on this pair again this morning at 101.13. exit 104.80

hope i'm right this time around
Re: Forex Trade Alerts - Season 6 by kupsonrex: 3:24pm On May 21, 2012
frenchman2: just went long on silver at 28.15. exit 29.54

licking my wound from my eur/jpy trade of last wk.

0diaero and nolly bin warn me on that trade i no gree hear wod.

dem say fly wey no dey hear word na him dey follow dead body enter grave.

went long on this pair again this morning at 101.13. exit 104.80

hope i'm right this time around

Correct bro on Silver........for going long.
Re: Forex Trade Alerts - Season 6 by mekuzoil(m): 3:45pm On May 21, 2012
frenchman2: just went long on silver at 28.15. exit 29.54

licking my wound from my eur/jpy trade of last wk.

0diaero and nolly bin warn me on that trade i no gree hear wod.

dem say fly wey no dey hear word na him dey follow dead body enter grave.

went long on this pair again this morning at 101.13. exit 104.80

hope i'm right this time around

You are not alone on EJ,am even hoping it gets back to 106 area.

Re: Forex Trade Alerts - Season 6 by nolly042(m): 4:00pm On May 21, 2012
nolly042: i hope it gets to 1.2738 by tomorrow morning
good line for me. i guess am now on the move
Re: Forex Trade Alerts - Season 6 by jamace(m): 4:19pm On May 21, 2012
Ladies and gentlemen, we just witnessed what the big guys in this biz know how to do best- stoploss hunting. Don't mind them o. It's their way. grin

Just hold unto your BUY for EU & GU and SELL for USDCHF and USDCAD.
Re: Forex Trade Alerts - Season 6 by nolly042(m): 6:03pm On May 21, 2012
jamace: Ladies and gentlemen, we just witnessed what the big guys in this biz know how to do best- stoploss hunting. Don't mind them o. It's their way. grin

Just hold unto your BUY for EU & GU and SELL for USDCHF and USDCAD.
we are with them where ever they wanna go
Re: Forex Trade Alerts - Season 6 by regiboy: 6:31pm On May 21, 2012
hi, i have been trading demo for about 4 months and i think i'm ready to go live. can anyone please help me with the process of opening a live account (don't want to make any mistakes), the necessary requirements and any other detail i need to know. (i've decided on starting with fxpro due the good comments made by its users)
i would appreciate it if live traders here (especially those using fxpro) can help me out. if it's too lengthy, this is my email (neto.regi@yahoo.com)
Re: Forex Trade Alerts - Season 6 by surveycash(m): 6:48pm On May 21, 2012
jamace: Ladies and gentlemen, we just witnessed what the big guys in this biz know how to do best- stoploss hunting. Don't mind them o. It's their way. grin

[b] Just hold unto your BUY for EU & GU [/b]and SELL for USDCHF and USDCAD.

Baba, are you sure? EU and GJ but the stuff has been in negative since momo. I don dey tire...
Re: Forex Trade Alerts - Season 6 by pipmaster77(m): 6:49pm On May 21, 2012
regiboy: hi, i have been trading demo for about 4 months and i think i'm ready to go live. can anyone please help me with the process of opening a live account (don't want to make any mistakes), the necessary requirements and any other detail i need to know. (i've decided on starting with fxpro due the good comments made by its users)
i would appreciate it if live traders here (especially those using fxpro) can help me out. if it's too lengthy, this is my email (neto.regi@yahoo.com)

You need two forms of id. (Driver's license or international passport) and (utility bill or bank statement)the rest naa story
Re: Forex Trade Alerts - Season 6 by Nobody: 7:12pm On May 21, 2012
@ odiaero,
i got it downloaded from the apps store but don't know what to do again or is the application not compatible with the new IPAD?
Re: Forex Trade Alerts - Season 6 by arthuryemi(m): 7:18pm On May 21, 2012
@odiaero,hi i came across somthing that may intrest u
www.thefirstgroup.com
talk to them about your dream property investment in dubai
who knows they giv u $10,000 dscount on your property investments
i remember u said one time dat u are into real estate, are we there yet
Re: Forex Trade Alerts - Season 6 by jamace(m): 7:19pm On May 21, 2012
surveycash:


Baba, are you sure? EU and GJ but the stuff has been in negative since momo. I don dey tire...

Eyaa, sorry. I can see you are already tired holding a position for just a day.
Well, from personal experience, holding a trade for days or even a week once in line with the MAIN trend is the key to success in this biz. My own definition of main trend is trend shown by 4H and above time frames. I concenttrate on 4H TF, any way.

Pursuing candles in minor time frames raise a lot of psychological trauma for me. In my years of trading, I have come to realise that institutional traders (the big guys) make use of our lack of PATIENCE to dribble and collect our "chikini" change.

Any way, my style is to hold my trade for as long as possible in as much as I am in line with the MAIN trend.

PS: There are many ways to catch a rat. Follow your style any way. grin
Re: Forex Trade Alerts - Season 6 by russy: 7:23pm On May 21, 2012
regiboy: hi, i have been trading demo for about 4 months and i think i'm ready to go live. can anyone please help me with the process of opening a live account (don't want to make any mistakes), the necessary requirements and any other detail i need to know. (i've decided on starting with fxpro due the good comments made by its users)
i would appreciate it if live traders here (especially those using fxpro) can help me out. if it's too lengthy, this is my email (neto.regi@yahoo.com)
my friend ,fxpro is good but they are for pros as their name suggest,i suggest you go for liteforex it will be a good starting point, what u done for 4months is not demo but childsplay, now do demo with liteforex with 50$ account and see how well u can go before opening an account with fxpro..............just my 10kobo for you.
Re: Forex Trade Alerts - Season 6 by Nobody: 7:38pm On May 21, 2012
howdy house, crude buyers where una dey? time to go long again
Re: Forex Trade Alerts - Season 6 by regiboy: 7:47pm On May 21, 2012
thanks for the advice but i think with good risk management which i have carried out all through my demo trading months and the returns i have made (ok demo returns) i think i'm good to go but thanks anyway, i'll keep your words in mind
russy:
my friend ,fxpro is good but they are for pros as their name suggest,i suggest you go for liteforex it will be a good starting point, what u done for 4months is not demo but childsplay, now do demo with liteforex with 50$ account and see how well u can go before opening an account with fxpro..............just my 10kobo for you.
Re: Forex Trade Alerts - Season 6 by Nobody: 7:55pm On May 21, 2012
arthuryemi: @odiaero,hi i came across somthing that may intrest u
www.thefirstgroup.com
talk to them about your dream property investment in dubai
who knows they giv u $10,000 dscount on your property investments
i remember u said one time dat u are into real estate, are we there yet

Have properties there already

aguiyi: @ odiaero,
i got it downloaded from the apps store but don't know what to do again or is the application not compatible with the new IPAD?

Chose ur broker from the download and select ur server to login
Re: Forex Trade Alerts - Season 6 by unclenna(m): 8:02pm On May 21, 2012
honeric01: Euro: The EUR / USD pair continued to update the monthly minimums. The investors had more and more concerns seeing a growing risk of new elections in Greece in June due to the fact that the new government of Greece could not be still formed as well as a possible situation where the country would have to leave out the Euro zone union. The others factors were also pressured the euro currency trading dynamics. The results of auctions on government bonds of Spain and Italy recorded a growth in profitability. Indeed, the Italy raised 5.25 billion Euros with targeted 3.50-5.25 billion Euros and the average yield of bonds maturing in 2015 rose to the level of 3.91% from 3.89% for a similar previous release. The results of auctions of the Spain government bonds were also disappointed; Spain placed bonds maturing in January 2015 in the amount of 372 million Euros in July 2015 in the amount of 1.024 billion Euros in April 2016 in the amount of 1.098 billion Euros. All three placements had the maximum yield which was caused by speculation that the financial crisis in Europe goes beyond Greece. Other negative factor was the result of published report on Industrial production in the euro area, which recorded stronger than the predicted decline in -2.2 % versus forecasted -1.4%.The meeting of finance ministers of Euro zone which held in Brussels for the purpose of resolving the situation in region did not bring any result. The Euro continued trading near a four-month low against the dollar. Some support for the currency was provided by the stronger than expected Germany’s GDP report, which on the quarterly basis increased by 0.5 % in the first quarter of 2012. The forecast of analysts was of growing of GDP by only 0.1%. According to preliminary data, the GDP of the euro zone as a whole was 0, 0% against the average of forecasts -0, 2%. The report was also better than expected. The EUR / USD couple showed the high of the day in the area at $ 1.2869, but couldn’t sustain and fell below the $1.28 level to the region of $ 1.2770. The Euro reached its lowest level in four months falling slightly below the $ 1.2700 level on the background of announcement of the early elections in Greece, which will be held on June 17. The fact that the Greek politicians could not use the last chance to form a government made an early parliamentary election inevitable. The big intraday push down of the EUR / USD couple to lows of 1.2688 level occurred due to the information that the ECB has stopped cash transactions with some Greek banks. At the Friday’s sessions the EUR/USD couple bounced from the important $1.2642 level and strengthened to the $1.2790 region. The fall of the euro against the dollar was limited due to the technical factors.
News.......I don't listen or read them. Am a technical man since my uni days.
Re: Forex Trade Alerts - Season 6 by jamace(m): 8:11pm On May 21, 2012
unclenna: News.......I don't listen or read them. Am a technical man since my uni days.

You are my twin brother. grin

1 Like

Re: Forex Trade Alerts - Season 6 by tonjoan: 8:35pm On May 21, 2012
ehizmac: Hello house i knw i hav been missin in action here on the forum... Reason is because i have been doing some research to improve my system... Thank God the research was successfull, as time goes on i will furnish u all with the details of my finding and i guess trend follower will benefit from it with the likes of salibaba... Happy pipin guys.. Tonjoan, nijababe, honeric01, salibaba, odiaero, et al i hail o

welcome back bro and we missed you.
Re: Forex Trade Alerts - Season 6 by tonjoan: 8:38pm On May 21, 2012
nolly042: market dey move emotions here una dey there dey blow big big grammer. comeo na art students full here so? us wey do science na to go dey do tutorials on english and literature @tonjoan and jamace

No mind those two. Little wonder why their id starts with j. smiley
Re: Forex Trade Alerts - Season 6 by tonjoan: 8:40pm On May 21, 2012
nolly042:
ma boss u and this ur pronto sef.wetin e mean biko. the flow just dey funny

You remember that beverage called pronto back in the 80s and early 90s. That's what it means. grin

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