Second trade setup...
NZDUSD rallied to the Weekly level of resistance 0.6126 on Friday last week. Today I want to see the instrument close the day as a rejection at that same level, and I would be shorting the Kiwi down to the major Daily swing low (a lower low), 0.5985.

On CADJPY, I traded this pair last week hoping to make 1200 pips from it but I later closed with just 70pips because of the monthly time frame that is not clear to me which also made me scared that it might go higher. But I am risking to take this trade again with a sl of about 80pips, I still hold on my biase which I know might be risky. After all, you don't win all the time even if your analysis is so beautiful. So, I am taken this pair with a risk

Last week closed with a doji and on the monthly time frame, I see just a retracement to a zone between 104.160 and 104.621. If you take this trade, just be willing to lose or profit. 🤞🤞🤞🤞

peteregwu:
On CADJPY, I traded this pair last week hoping to make 1200 pips from it but I later closed with just 70pips because of the monthly time frame that is not clear to me which also made me scared that it might go higher. But I am risking to take this trade again with a sl of about 80pips, I still hold on my biase which I know might be risky. After all, you don't win all the time even if your analysis is so beautiful. So, I am taken this pair with a risk

Last week closed with a doji and on the monthly time frame, I see just a retracement to a zone between 104.160 and 104.621. If you take this trade, just be willing to lose or profit. 🤞🤞🤞🤞

I see a paradox on that pair.
Price is currently playing about the 104.5 Weekly resistance area where I've also been looking to go short on the Daily, but the past two trading days had closed as inside days without any of the recent highs or lows being breached, even today also appears it would close as yet another inside day.
So since there's no clear direction at the moment, cos the Weekly level could push price either ways, I'm waiting for one of the inside day bar's low to be broken without taking out it's high; only then would I go short.

EmmanuelVi:

I see a paradox on that pair.
Price is currently playing about the 104.5 Weekly resistance area where I've also been looking to go short on the Daily, but the past two trading days had closed as inside days without any of the recent highs or lows being breached, even today also appears it would close as yet another inside day.
So since there's no clear direction at the moment, cos the Weekly level could push price either ways, I'm waiting for one of the inside day bar's low to be broken without taking out it's high; only then would I go short.

Thanks for your comment.

peteregwu:
On CADJPY, I traded this pair last week hoping to make 1200 pips from it but I later closed with just 70pips because of the monthly time frame that is not clear to me which also made me scared that it might go higher. But I am risking to take this trade again with a sl of about 80pips, I still hold on my biase which I know might be risky. After all, you don't win all the time even if your analysis is so beautiful. So, I am taken this pair with a risk

Last week closed with a doji and on the monthly time frame, I see just a retracement to a zone between 104.160 and 104.621. If you take this trade, just be willing to lose or profit. 🤞🤞🤞🤞

Daily TF shows an impulsive wave 3 on the move to the north Strong buy advised but risky as it's too far away from the base (94xxx).

peteregwu:
On CADJPY, I traded this pair last week hoping to make 1200 pips from it but I later closed with just 70pips because of the monthly time frame that is not clear to me which also made me scared that it might go higher. But I am risking to take this trade again with a sl of about 80pips, I still hold on my biase which I know might be risky. After all, you don't win all the time even if your analysis is so beautiful. So, I am taken this pair with a risk

Last week closed with a doji and on the monthly time frame, I see just a retracement to a zone between 104.160 and 104.621. If you take this trade, just be willing to lose or profit. 🤞🤞🤞🤞

Una wey de swing trade dey try ooo...

Shey u knw dis ur trade fit take 6months dats of its fast ... if any contraction in d middle b4 continuation.... na 1yr b dat

Except R:R is 1: 1 billion

CAN NEVER BE ME ! !


Na so one guy enter swing trade to go canada....

B4 Tp hit ....
Em wife don divorce am .... e kon sick die....

De use the profit do em burial

so where is gbdusd going. up or down

I would say down. expect a very long sell candle tomorrow

Immortal99:



Una wey de swing trade dey try ooo...

Shey u knw dis ur trade fit take 6months dats of its fast ... if any contraction in d middle b4 continuation.... na 1yr b dat

Except R:R is 1: 1 billion

CAN NEVER BE ME ! !


Na so one guy enter swing trade to go canada....

B4 Tp hit ....
Em wife don divorce am .... e kon sick die....

De use the profit do em burial

Your little problem is impatient, get rid of it bro. Stop looking at trades that goes one months or 6months, this is business my bro. If you start a business, how do you look at it; is it just for one day or one months? Now if this trade goes my way and break and close below on weekly timeframe below 100.00, I will then add more positions and that is bigger money for me. That's how I will just relax and allow the trade run smoothly like a boat without control in a strong water current, the water will keep pushing it to it destination. Swing gives me peace of mind. I don't need to come everyday to trade or check my trade. All I can do is to check it every 2days or 4days. 😎

peteregwu:


Your little problem is impatient, get rid of it bro. Stop looking at trades that goes one months or 6months, this is business my bro. If you start a business, how do you look at it; is it just for one day or one months? Now if this trade goes my way and break and close below on weekly timeframe below 100.00, I will then add more positions and that is bigger money for me. That's how I will just relax and allow the trade run smoothly like a boat without control in a strong water current, the water will keep pushing it to it destination. Swing gives me peace of mind. I don't need to come everyday to trade or check my trade. All I can do is to check it every 2days or 4days. 😎

Swing-trading is an executive trading; not for hustlers.

nzechu:
so where is gbdusd going. up or down

I would say down. expect a very long sell candle tomorrow

I can swear that I've never heard of such a pair ever😁😂
GBPUSD is still headed up, from my POV though.

peteregwu:


Your little problem is impatient, get rid of it bro. Stop looking at trades that goes one months or 6months, this is business my bro. If you start a business, how do you look at it; is it just for one day or one months? Now if this trade goes my way and break and close below on weekly timeframe below 100.00, I will then add more positions and that is bigger money for me. That's how I will just relax and allow the trade run smoothly like a boat without control in a strong water current, the water will keep pushing it to it destination. Swing gives me peace of mind. I don't need to come everyday to trade or check my trade. All I can do is to check it every 2days or 4days. 😎

Swing trade doesn't work well with competition, that's how Kaybee was supposed to make 5% profit, guess what, he lost the entire 5% waiting for it to reach heaven and ended up with nothing.

This is the dark side swing traders don't tell you about.

My take on Gbpusd. Risky trade.

HumbleTrader:
Swing trade doesn't work well with competition, that's how Kaybee was supposed to make 5% profit, guess what, he lost the entire 5% waiting for it to reach heaven and ended up with nothing.

This is the dark side swing traders don't tell you about.

Who told you everyone that swing trade is doing it for competition. It's for business damn it. You guys should stop playing and get serious. Jesus!

Elliotwaveforec:

Swing-trading is an executive trading; not for hustlers.

You just said it, And I am not trading forex for hustling I have learnt to do it for business sake.

peteregwu:


Who told you everyone that swing trade is doing it for competition. It's for business damn it. You guys should stop playing and get serious. Jesus!

Go climb bed sleep.

HumbleTrader:
Go climb bed sleep.

You that have been doing competitions with your day trading or whatever you call it, how many competitions have you won with it?

peteregwu:


You that have been doing competitions with your day trading or whatever you call it, how many competitions have you won with it?

Drop your location, I go come tell you how much I don win.

This ediot peter won't even make 1% in competition.

HumbleTrader:
This ediot peter won't even make 1% in competition.

He resorted to insult.bros, abeg show us the competitions you have won. That's just it. You talk about competitions but you haven't even won any. Comon man, you ain't making sense here. Something you haven't won, you are using it to badmouth someone else. Come off it and look for something else.

HumbleTrader:
Drop your location, I go come tell you how much I don win.

Sorry, I don't need uninvited guest in my sanctum.

Some traders can be so jealous of others. Chai! Omo mehn. I drop charts and hit it in hundreds of pips, instead of some dude to appreciate the work, they are here looking for fault and how to badmouth me. Mr man, you are also a forex trader, drop your own charts and let's everyone enjoy the game. Stop behaving like a nagging wife.

peteregwu:
Some traders can be so jealous of others. Chai! Omo mehn. I drop charts and hit it in hundreds of pips, instead of some dude to appreciate the work, they are here looking for fault and how to badmouth me. Mr man, you are also a forex trader, drop your own charts and let's everyone enjoy the game. Stop behaving like a nagging wife.

Looks like you are not familiar with the person you are engaging?
Read past chats and you have your answer!

peteregwu:
Some traders can be so jealous of others. Chai! Omo mehn. I drop charts and hit it in hundreds of pips, instead of some dude to appreciate the work, they are here looking for fault and how to badmouth me. Mr man, you are also a forex trader, drop your own charts and let's everyone enjoy the game. Stop behaving like a nagging wife.

Peter please, ignore distractions! You're doing great and I enjoy your analysis. My goal is to be a swing trader too but with good capital.

peteregwu:
Some traders can be so jealous of others. Chai! Omo mehn. I drop charts and hit it in hundreds of pips, instead of some dude to appreciate the work, they are here looking for fault and how to badmouth me. Mr man, you are also a forex trader, drop your own charts and let's everyone enjoy the game. Stop behaving like a nagging wife.

Come and join competition let's see your swing trade in action. itk

Oil price heavily dropped and break lower band line, it's formed long body bearish candle with small shadow indicating strong downtrend.
Oil price fall amid upcoming the Fed meeting has analysts on edge about another potential interest rate hike.

Elliotwaveforec:

Peter please, ignore distractions! You're doing great and I enjoy your analysis. My goal is to be a swing trader too but with good capital.

You're making his head swell.

Feshizzy:


Looks like you are not familiar with the person you are engaging?
Read past chats and you have your answer!

Sorry, I understand.

HumbleTrader:
Come and join competition let's see your swing trade in action. itk

I didn't chose forex to compete with anyone. Many are far better than me. But you that have joined when you win, pls update us. Thanks! I have heard enough from you.

peteregwu:


I didn't chose forex to compete with anyone. Many are far better than me. But you that have joined when you win, pls update us. Thanks! I have heard enough from you.

Don't mind that guy.

Elliotwaveforec:

Swing-trading is an executive trading; not for hustlers.

swing traders got my respect no doubt

but the thing is someone out there has made $100,000 in a day on the 5 min timeframe..

that alone is why I see no reason to swing...

I rather have some of my portfolio in stocks or crypto as investments rather than come to forex to swing

Fxwarrior:


Emmizay12

I hope you can now see that market directions can be predicted although not with 100% accuracy but having a headsup is always better than trading blindly.

I don't know why I couldn't post, maybe I was banned

yes I agree with you on that one