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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 23 (527657 Views)
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Re: Forex Trade Alerts: Season 23 by rhynoemmie(m): 9:35pm On Sep 30, 2023 |
Gasive: Very solid set-up. The breaker on the weekly is another added confluence |
Re: Forex Trade Alerts: Season 23 by rhynoemmie(m): 9:40pm On Sep 30, 2023 |
Gasive: Nice selling idea. There's also a potential buy @181.7ish. An fvg and then an ob beneath. Incase decide to cut your cake and have it too @kozmicity incase u haven't marked it up yet. Somebody dropped some bread bruh Enjoy fam 1 Like 1 Share |
Re: Forex Trade Alerts: Season 23 by Gasive: 9:48pm On Sep 30, 2023 |
rhynoemmie: The sell is actually a counter trend or retracement, I'm selling to buy. I don't know how far the sell will go which is why I put tp at 180. I will be on guard to join the bulls when they come. Thanks for your input bro.✌️✌️ 1 Like |
Re: Forex Trade Alerts: Season 23 by Elliotwaveforec: 9:54pm On Sep 30, 2023 |
DXY Wave Analysis: Timeframe: Weekly Current wave: Wave B Next wave: Wave C, to hit 9670. Advice: Short aggressively now. Shorting DXY means: Sell uschf, uscad, usjpy; buy EU, GU, NU, AU, Gold, Silver, Us30, Us100 etc. Price now: 10614 1 Like |
Re: Forex Trade Alerts: Season 23 by rhynoemmie(m): 10:32pm On Sep 30, 2023 |
Gasive: If I may ask, why are you selling from that zone tho? What did you see. Hope this meets you well |
Re: Forex Trade Alerts: Season 23 by Gasive: 10:51pm On Sep 30, 2023 |
rhynoemmie:I don't know how to explain it but let me call it retracement continuation (if there's anything like that ). After that break below, I expect it to move one more step down. It may or may not happen. That's why I said the set-up is voided if price closes above the red line. Our job is to analyze, but market will surely do it's thing. 2 Likes |
Re: Forex Trade Alerts: Season 23 by meshpips(m): 3:25am On Oct 01, 2023 |
GabsonFX2: I like to think of "swing trading" not in terms of duration of time in which the open position(s) are held but as TRADING WITHIN A SEGMENT (BULLISH/BEARISH) FROM START TO FINISH. Think about it as maybe the start of wave 1 until the end of wave 1, this is a SEGMENT (bullish/bearish) already established. Sometime in the near future, this segment is gonna be "retraced" pip for pip from start to finish. Being able to get on this "retrace" from start to finish is how I view (the context within which I view) swing trading. 3 Likes |
Re: Forex Trade Alerts: Season 23 by meshpips(m): 3:47am On Oct 01, 2023 |
Geovanni412: The questions above reveal a tiny little secret that most retail traders never meditate on. Those periods of "consolidation" (more correctly put ACCUMULATION/DISTRIBUTION) are the very foundation upon which "trends" (more correctly put MARK UP/DOWN) are built. Institutions (hedge funds, banks etc), by reason of the size they trade CANNOT enter their positions at a go (in one trade) like us retail traders. Think about dropping Olumo rock in bar beach from a height. What will happen to Lagos state? That's the kinda price shock we will see in the market if any institution dare to enter all its position in a single trade. Now we have established that they CANNOT (or aren't permitted to) do so lest we see a catastrophe in the market. How then CAN institutions enter their positions? ACCUMULATION/DISTRIBUTION Here, they carefully layer their positions, keeping price within a tight range. This campaign can go on for days/weeks/months depending on the size of trade they are "offloading". This period is like the gestation period before the "trend" is birthed. Once done with the careful layering, price breaks outta the range in a very strong, momentum driven move which is called the MARK UP/DOWN. For accumulation, we will see a mark UP while we see a mark DOWN for distribution. VIA LIQUIDITY RAIDS This is the second option open to institutions with which they get into trades. Here, they capitalize on FEAR which most traders experience around high impact economic data release. Immediately the data is released, they will first drive price in the direction OPPOSITE their intended one thereby taking out the stop loss of the "weak holders". While at it, maybe a liquidity raid to the UPSIDE, they are entering their own SELL positions. Within a few minutes, the whole pseudo move to the upside will be corrected, weak holders kicked out, institutions having entered a good percentage (if not all) of their intended size and the SELL move just goes without any form of drag, like a hot knife through butter. Your comment "especially if NEWS is around the corner" clearly shows how the HERD have been conditioned to think - FEAR around economic release time. Whilst the big boys are strategically getting into their own positions, retailers are too scared to play that high octane game and sit out the move, completely missing outta the action. Abeg I am revealing too much to people wey nor sabi respect person. Bye bye. 10 Likes 3 Shares |
Re: Forex Trade Alerts: Season 23 by Puremark(m): 4:12am On Oct 01, 2023 |
meshpips:thank you so much |
Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 6:06am On Oct 01, 2023 |
meshpips: Nice one...that is similar to what I was trying to bring to the fore with the gbpchf chart Market is always trending on lower timeframe like 1 min or 5 min but is mostly ranging on higher timeframe I use ATR to detect areas...market will usually change trends around 1-2 weekly ATR on most charts with high liquidity. That is around 150 pips mark for eurusd. So, every 150-300 pips move, the direction changes and we have deep retracements. On less liquid pairs like gbpchf, ATR is lower and market could keep switching direction after 0.75 weekly ATR during accumulation as you pointed out or less than that. Trend is simply move from one supply area to the next demand area. No one knows precisely how the market will react at the next zone...if we did, we wouldn't need stop loss. 1 Like 1 Share |
Re: Forex Trade Alerts: Season 23 by GabsonFX2: 6:22am On Oct 01, 2023 |
Re: Forex Trade Alerts: Season 23 by GabsonFX2: 6:29am On Oct 01, 2023 |
Re: Forex Trade Alerts: Season 23 by Ibrahimlagosian(m): 6:29am On Oct 01, 2023 |
Wow,i never learnt anything like this before.spill more please meshpips: |
Re: Forex Trade Alerts: Season 23 by meshpips(m): 6:31am On Oct 01, 2023 |
GabsonFX2: Impossible plus cannot. Me wey loyal like Loya milk. 1 Like |
Re: Forex Trade Alerts: Season 23 by zedegit: 6:46am On Oct 01, 2023 |
Meshpips catching cruise. Answering himself with his numerous monikers. 10 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by kozmicity: 7:09am On Oct 01, 2023 |
rhynoemmie: Thank you chief. I'll go analyse now. Good morning and Happy national day. |
Re: Forex Trade Alerts: Season 23 by zedegit: 7:11am On Oct 01, 2023 |
Unfortunately some people don't know the effect of their actions. Assuming there's an incident with the original Gabson, na so police fit trace the impersonator come here. Your eyes go clear. You go explain tire. |
Re: Forex Trade Alerts: Season 23 by kozmicity: 7:13am On Oct 01, 2023 |
zedegit: Stop. 2 Likes |
Re: Forex Trade Alerts: Season 23 by samfelly: 7:22am On Oct 01, 2023 |
samfelly: zedegit: Ah, you missed it, sir 😁 |
Re: Forex Trade Alerts: Season 23 by kozmicity: 7:27am On Oct 01, 2023 |
Rhynoemmie, turns out I've been in a sell since Friday, hopefully it goes down so I close one position at the bottom liquidity.
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Re: Forex Trade Alerts: Season 23 by samfelly: 7:28am On Oct 01, 2023 |
Immortal99: I just hope peeps no go dey confused. Yes, a minimum of 0.1 is allowed. Boss finally adjusted it to 0.2 maximum lot size, but 1 position. to make many happy And If you now prefer 0.1 lot size at 2 positions, fine. 1 Like |
Re: Forex Trade Alerts: Season 23 by zedegit: 7:28am On Oct 01, 2023 |
samfelly: What did I miss? It's still subject to speculation. |
Re: Forex Trade Alerts: Season 23 by samfelly: 7:32am On Oct 01, 2023 |
bignero: Yeah, tried them. Failed at phase 2 and paused 😪😪 1 Like |
Re: Forex Trade Alerts: Season 23 by kozmicity: 7:35am On Oct 01, 2023 |
kozmicity: GU
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Re: Forex Trade Alerts: Season 23 by kozmicity: 7:37am On Oct 01, 2023 |
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Re: Forex Trade Alerts: Season 23 by samfelly: 7:44am On Oct 01, 2023 |
Kozmicity, Goodoption, Chriskhing and Tunji2003, no bi me do anything o. Now I want to know, wetin happen? Wetin una do wey no correct? 2 Likes 1 Share
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Re: Forex Trade Alerts: Season 23 by Nwadaka: 7:48am On Oct 01, 2023 |
zedegit:What were you expecting from someone that lacks decorum? Him and his ilks should continue fooling themselves, last last everybody go dey alright. |
Re: Forex Trade Alerts: Season 23 by kozmicity: 7:49am On Oct 01, 2023 |
kozmicity: EJ. But due to the excess liquidity, I'll wait for a confirmation entry and possibly TP at the fib -27 extension.
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Re: Forex Trade Alerts: Season 23 by zedegit: 7:51am On Oct 01, 2023 |
samfelly: I no get your reply. |
Re: Forex Trade Alerts: Season 23 by kozmicity: 7:53am On Oct 01, 2023 |
samfelly: I think I know. Last weekend, on Sunday market open, I set limits on the darwinex account thinking it was starting as the week opens. Then I asked you if the challenge has started and you said October first, I went to delete the orders, I haven't taken any trade on the account. The limits didn't get filled. Attached is proof. 1 Like
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Re: Forex Trade Alerts: Season 23 by samfelly: 7:59am On Oct 01, 2023 |
kozmicity: Ok. Oya join again. Edit the former one as ERROR so that your username doesn't appear twice |
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