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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 21 (336567 Views)
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Re: Forex Trade Alerts: Season 21 by Fxwarrior: 8:42am On Jun 03, 2021 |
XAUUSD Buystop @ 1895 Stoploss @ 1890 Target 1915 1 Like |
Re: Forex Trade Alerts: Season 21 by Fxwarrior: 9:09am On Jun 03, 2021 |
Fxwarrior: Ready? |
Re: Forex Trade Alerts: Season 21 by dennison4luv: 10:33am On Jun 03, 2021 |
From what I am seeing on gold it's likely to sell down to 1850 from to Monday or before then |
Re: Forex Trade Alerts: Season 21 by djwalata(m): 10:50am On Jun 03, 2021 |
Fxwarrior: dennison4luv:I don't c gold buying at this time based on d chart below, unless there'll b a retracement from this minor support to 1900 before a major downward movement.
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Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 10:56am On Jun 03, 2021 |
Break of trendline but no break of structure yet, trend traders would still look for buys sha |
Re: Forex Trade Alerts: Season 21 by Nobody: 11:23am On Jun 03, 2021 |
UJ is a perfect pair to trade, its swing is very smooth, less spikes or fainting; I stopped trading it only because I found out that its correlation with gold was very high in majority of my trades, seemed as if gold was always controlling it. So I just focus on gold and some others. My advise on what two pairs to select from those 4: merge both your trading strategy and style to previous charts and backtest, see which one gives steady outcome and high chance, then select. cdec01: 1 Like |
Re: Forex Trade Alerts: Season 21 by Eryyy92: 4:10pm On Jun 03, 2021 |
GabsonFX:one man loss is another man's profit My main and only strategy is structure trading Specifically when the market is ranging
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Re: Forex Trade Alerts: Season 21 by djwalata(m): 5:06pm On Jun 03, 2021 |
djwalata:A pull back is expected from this support to make a resumption in d downward movement
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Re: Forex Trade Alerts: Season 21 by Nobody: 5:25pm On Jun 03, 2021 |
Compare this GJ-D1 chart to yours, what I see on your chart is several swings between two levels and not a ranging market. I would enter many swings from your chart. Now, see the attached, this is GJ that ranged for a complete 12days; you don't want to trade in this type of market. I stay away from this pair for the 12days while I find other ones. PS: Swing traders should not be IN during this 12days period; however, it may be good for day traders or scalpers who are on lower TFs....Again, avoiding ranging market is one of the best ways of making money. Eryyy92: 1 Like
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Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 5:53pm On Jun 03, 2021 |
NU took away 30 pips, EA returned 45; today is green. 2 Likes |
Re: Forex Trade Alerts: Season 21 by Jospido000: 6:07pm On Jun 03, 2021 |
GabsonFX: Boss, I think this is a choppy market, not ranging market |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:41pm On Jun 03, 2021 |
I will call this one range or consolidation rather than choppy; choppy market is another one I 100% avoid trading, some pairs are known for that (especially the exotics), so I just don't trade them. I however believe that they can sometimes be interchangeable. I will find time to upload some choppy markets, but b4 then, let's get back to some basics: here are some definitions I found with their references cited. Clue: Focus on the word swing in its definition A choppy market is the market condition in which prices swing upward and downward either for a long period of time or short term. Prices move slowly or quickly, up or down, in small moves or big moves, but the rate does not make headway lower or higher. Usually, choppy conditions are linked with price ranges but can take place during trends too. (https://www.coinnewsspan.com/what-is-a-choppy-market-and-trending-market/) A choppy market refers to a market condition where prices swing up and down considerably either in the short term or for an extended period of time. A choppy market is one where the price makes little overall progress up or down, but rather oscillates back and forth; sometimes swiftly (https://www.investopedia.com/terms/c/choppymarket.asp#:~:text=A%20choppy%20market%20refers%20to,trend%20is%20difficult%20to%20trade) Jospido000: |
Re: Forex Trade Alerts: Season 21 by Eryyy92: 6:55pm On Jun 03, 2021 |
Jospido000:exactly That's a choppy market |
Re: Forex Trade Alerts: Season 21 by Eryyy92: 6:57pm On Jun 03, 2021 |
GabsonFX:A choppy market is one without a definite support zone and resistance zone |
Re: Forex Trade Alerts: Season 21 by Nobody: 7:27pm On Jun 03, 2021 |
choppy markets are unstable markets Eryyy92: |
Re: Forex Trade Alerts: Season 21 by Nobody: 7:44pm On Jun 03, 2021 |
Breakouts are associated with ranging markets (as seen in the chart I uploaded, but may not with choppy markets. Spikes are more associated with choppy markets. Eryyy92: |
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 8:01pm On Jun 03, 2021 |
GabsonFX: 1 Like |
Re: Forex Trade Alerts: Season 21 by cdec01: 8:50pm On Jun 03, 2021 |
GabsonFX: I really appreciate boss.. I like that UJ pair especially when the monthly time frame is in trend. I am grateful for the second paragraph. 1 Like |
Re: Forex Trade Alerts: Season 21 by LAxYMAN: 9:21pm On Jun 03, 2021 |
Bosses in the house. I usually have problem on what to do the one I open a chart. I usually find myself confused with no step or idea on how to start analyzing the market. Pls any ideas on what to do first upon loading up a chart? 1 Like
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Re: Forex Trade Alerts: Season 21 by Nobody: 10:24pm On Jun 03, 2021 |
@Jospido000 & @Eryyy92, google this: "choppy market meaning", then click on the image option; you will see several chart samples of choppy market...I won't want to post them as they are many. |
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 11:00pm On Jun 03, 2021 |
LAxYMAN: See the chart as ur grlfrnd then u will knw what to do 1 Like 1 Share |
Re: Forex Trade Alerts: Season 21 by Nobody: 11:40pm On Jun 03, 2021 |
We now have the much awaited pullback on the daily, we have a resistance turned support that should hold price then move higher, lets see where tomorrow closes. Gold has been stair stepping higher since the lows from march. There is alot of talk about the implementation of basel III by the bank of international settlements on June 28 and if it goes through, gold will become a tier one asset again. Lets see how it goes. 3 Likes
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Re: Forex Trade Alerts: Season 21 by LAxYMAN: 1:23am On Jun 04, 2021 |
I Yaff Die haryodehjia: |
Re: Forex Trade Alerts: Season 21 by Depressed111: 7:13am On Jun 04, 2021 |
LAxYMAN: All this newbie self, if u did not know what to do, then go to babypips.com and study |
Re: Forex Trade Alerts: Season 21 by djwalata(m): 7:37am On Jun 04, 2021 |
Let's c if this will play out as speculated 1 Like
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Re: Forex Trade Alerts: Season 21 by ogashman(m): 8:56am On Jun 04, 2021 |
Just bought GU i pray nfp doesn't scatter things today |
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 10:36am On Jun 04, 2021 |
ogashman:I don't think the buy will last as price broke out of the bear flag n trading below d trend support.. Looking for buy around 1.38750 if the support at 1.40340 do not hold.. NFP will determine my position though |
Re: Forex Trade Alerts: Season 21 by Donsheddy: 10:37am On Jun 04, 2021 |
haryodehjia: You're Right... Currently Gu is a tricky market... Nfp will determine what's going to happen next 1 Like |
Re: Forex Trade Alerts: Season 21 by ogashman(m): 2:06pm On Jun 04, 2021 |
haryodehjia: See as u make me lose 80 pips bros.......lesson learnt shaa....stick to ur gun |
Re: Forex Trade Alerts: Season 21 by dennison4luv: 2:27pm On Jun 04, 2021 |
The NFP news is crazy, thank God for my stoploss |
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 2:35pm On Jun 04, 2021 |
ogashman: Lol... |
Re: Forex Trade Alerts: Season 21 by EXLOVER(m): 2:43pm On Jun 04, 2021 |
Didn't put a SL yet
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