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Nairaland Forum / Nairaland / General / Business / Forex Trading - Season 15 (616121 Views)
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Re: Forex Trading - Season 15 by Shevychen2: 1:28pm On Jan 15, 2015 |
naijababe: natruetalk: Well done oga and madam.. But Stop loss wont even save anyone caught on the wrong side of this. It is just like weekend gap. Price will overshoot your stop loss and the broker will tell you they closed the trade at the most possible place. You can't even sue because it is clearly stated in terms and conditions. You will only be lucky if your stop loss was taken out with the first spike. Like on the CHF issue, people with 50-150pips stop loss would have escaped unhurt as initial spike was within that range. If the first reaction was 2000 pips from your entry, OYO ![]() ![]() ![]() |
Re: Forex Trading - Season 15 by Shevychen2: 1:30pm On Jan 15, 2015 |
drpips1:Nobody manipulated anything. |
Re: Forex Trading - Season 15 by Nobody: 1:37pm On Jan 15, 2015 |
Owliver: Well patient is d key but when patient is too much, it leads to delay. we all know the dangers of delay. The truth is no much time for me. I'm not thinking of doing forex full time or get rich quick but rather an avenue to up my capital for offline venture. You too have great day. |
Re: Forex Trading - Season 15 by Nobody: 1:50pm On Jan 15, 2015 |
Shevychen2: dis is why i like eur/usd dat pair is not easily caught in 500-1000 pips spike. the most liquid pair in d world. you can trade it without STOP loss but never try it unless you trade monthly candles with a mental stop loss of 1000 pips I DON'T TRADE WITHOUT STOP LOSS . I have an EA that auto place stop loss once trade executed . People can search on forex-tsd forum. |
Re: Forex Trading - Season 15 by Owliver(m): 1:50pm On Jan 15, 2015 |
Some of the many chef testimonies from facebook :O
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Re: Forex Trading - Season 15 by drpips1(m): 1:56pm On Jan 15, 2015 |
Shevychen2: Put that ECHF on a 5Mins Chart ,for good ten minutes the price just disappeared, only to find out quoting a deep fall,with no major fundamental release, what else could be synonymous to that ![]() |
Re: Forex Trading - Season 15 by Nobody: 2:00pm On Jan 15, 2015 |
drpips1: No one manipulated anything o, all the CHF pairs including the Swiss index tanked. |
Re: Forex Trading - Season 15 by TheShootist(m): 2:09pm On Jan 15, 2015 |
zPixel: This would be nice. It'll feel more like business. Iron will sharpen iron. |
Re: Forex Trading - Season 15 by Shevychen2: 2:12pm On Jan 15, 2015 |
drpips1: There was a fundamental release for the CHF. 10.30 am. Libor rates. That is what caused all the problem. |
Re: Forex Trading - Season 15 by leopower(m): 2:13pm On Jan 15, 2015 |
http://clip2net.com/s/3avo8WY u can also see weely for clearer picture. u
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Re: Forex Trading - Season 15 by drpips1(m): 2:15pm On Jan 15, 2015 |
naijababe: Really, guess thats more funds in the world bank, and such events are confidential wanted making an entry but on the pair i was, that could be so dangerous if i had not follow my gut ![]() |
Re: Forex Trading - Season 15 by drpips1(m): 2:24pm On Jan 15, 2015 |
Shevychen2: just checked, No wonder, there wasn't change in the data release,and it spiked that much,well i was only glued to USD by 2.30, as that was my major concern today and everything else technical, it a good thing to be patient shay, it was a whipsaw on most pairs |
Re: Forex Trading - Season 15 by infofirst(m): 2:26pm On Jan 15, 2015 |
D question of using stop loss or no stop loss or mental stop loss is being discuss somewhere..... Then Closed Buy EURCHF 1.16474 for -1326.2 pips, total for today -MInus 88787.1 pips ..... That's from an account manager SNB removes 1.2000 floor for Echf #Switzerland biggest company #Novartis has seen CHF 17 Billion (($19B) wiped off its valuation following #SNB move.. |
Re: Forex Trading - Season 15 by ugees(m): 2:26pm On Jan 15, 2015 |
Shevychen2: No my friend..... The SNB had a 3 year floor on the CHF removed.. They have been supporting the EURCHF at the 1.20 mark for 3 years.. preventing the CHF from falling further. they gave up... and the CHF strengthened across board |
Re: Forex Trading - Season 15 by infofirst(m): 2:30pm On Jan 15, 2015 |
But d truth is dat even with stop loss....if such dat happen today happen over d weekend....stop loss cant help and most times...d jump are usually not helped by stop loss as well as brokers platforms do misbehave at such moment...talkin frm experience...Bottom line...dont trade fx if u got no heart to bear risk or atleast learn before u invest in the market |
Re: Forex Trading - Season 15 by Nobody: 3:01pm On Jan 15, 2015 |
Getting warmed up to buy DJIA, my sell closed at +50 pips after I was 220 pips in profit. Whatever the market does, my job is to follow the money.
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Re: Forex Trading - Season 15 by benpuzzy(m): 3:32pm On Jan 15, 2015 |
Let it not be as if nobody benefited from that movement, just closed my GBPCHF short with +1973pips..."FX IS SWEET"
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Re: Forex Trading - Season 15 by benpuzzy(m): 3:32pm On Jan 15, 2015 |
Everything don scatter unless Oil that was not affected |
Re: Forex Trading - Season 15 by Nobody: 3:39pm On Jan 15, 2015 |
Closed my DJIA with 50 pips SL looks like the bears are going to have it today. |
Re: Forex Trading - Season 15 by okemmadu(m): 3:43pm On Jan 15, 2015 |
anybody here still keep in touch with odiaero? really miss him. he doesn't show his face here any more he got the "Holy Grail" am talking about. |
Re: Forex Trading - Season 15 by drpips1(m): 3:53pm On Jan 15, 2015 |
okemmadu: are you looking for odiaero, or the "Holy Grail" ![]() ![]() |
Re: Forex Trading - Season 15 by benpuzzy(m): 4:24pm On Jan 15, 2015 |
naijababe:Ma'am, i discovered that this instrument does trade for 24hours, could the cause be that i choose the wrong one, or from my broker or am i missing out something? |
Re: Forex Trading - Season 15 by Nobody: 4:38pm On Jan 15, 2015 |
benpuzzy: There are two, futures which closed daily and spot which trades round the clock. |
Re: Forex Trading - Season 15 by Shevychen2: 4:50pm On Jan 15, 2015 |
drpips1: Look well. There was change. Previous was -0.25%. Today was -0.75%. ugees: I know.. I didn't have time to explain. Was just pointing to the release cos he talked of manipulations when there wasn't any fundamental release. |
Re: Forex Trading - Season 15 by Shevychen2: 4:51pm On Jan 15, 2015 |
benpuzzy: Great job on the demo account. Your straddle trade picked both buy and sell. You chose to cover the buy and show the sell. Lol. I still dey o. And I will always talk when you start. 8 Likes |
Re: Forex Trading - Season 15 by Capitals: 4:54pm On Jan 15, 2015 |
Owliver: ridiculous, my broker not allowing me close my position. thank God I put a preset tp on all other position in the same pair and its been hit. but they wont let me close the attached at this price, been hitting close since. . . . Leaving them after this experience
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Re: Forex Trading - Season 15 by currentprice: 4:56pm On Jan 15, 2015 |
Shevychen2: ![]() ![]() ![]() ![]() ![]() i like you brother 2 Likes |
Re: Forex Trading - Season 15 by Capitals: 4:56pm On Jan 15, 2015 |
benpuzzy: Feel you bro,
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Re: Forex Trading - Season 15 by benpuzzy(m): 5:15pm On Jan 15, 2015 |
naijababe:so how can i differentiate the two? |
Re: Forex Trading - Season 15 by Nobody: 5:19pm On Jan 15, 2015 |
benpuzzy: One should be futures and the other would be daily or spot. |
Re: Forex Trading - Season 15 by infofirst(m): 5:42pm On Jan 15, 2015 |
Consider your accounts very carefully as rumours start flying of brokers in trouble Already the rumours are flying around of brokers going belly up after the SNB moves today and even those not affected by Swiss trades need to keep close watch on you accounts and brokers. One has been rumoured in the comments section and news is just hitting from Forex Magnates that IG group is facing a £30m los s after this mornings events |
Re: Forex Trading - Season 15 by christian11(m): 5:42pm On Jan 15, 2015 |
natruetalk:Wow.... welcome bosssss... |
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