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Forex Trading - Season 15 - Business (116) - Nairaland

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Re: Forex Trading - Season 15 by fxbomovi: 12:05pm On Apr 16, 2015
fxbomovi:
will b selling ucad @ 12pm if price remains d way it is. tp @1.2113


sell usdcad now @1.2270. stop loss @
1.2298
take profit @1.2113
Re: Forex Trading - Season 15 by dukum: 12:22pm On Apr 16, 2015
Closed GJ +80,wld be on extra mini lots for d rest of the week.
Re: Forex Trading - Season 15 by Nobody: 12:28pm On Apr 16, 2015
dukum:
Closed GJ +80,wld be on extra mini lots for d rest of the week.
dukum:

Omo i was washing,thank baba God say i no see dat pin bar close the buy,up 60pips.my mind dey tell me to take profit.i go dey stalk the thing sha.

And I didn't see the pin bar taken out, been in and out of meetings all day.


@ Thread, I want to add EA and GN to my oranges, any thoughts on the pairs?
Re: Forex Trading - Season 15 by Capitals: 12:43pm On Apr 16, 2015
Capitals:


Finally, usdcad hit 2nd tp, 3rd tp in view. Still holding on to euraud, just added wti oil sell, watching gbpcad. here s my portfolio in summary.
euraud not doing too well but I m still hopeful. portfolio confortably in green overall, hope it keeps improving. good night cheesy cheesy cheesy

wti oil sell, 1st tp in view. hope it hits sooner than later. GbpCad buy looking good as well

Re: Forex Trading - Season 15 by Capitals: 12:45pm On Apr 16, 2015
Capitals:


Finally, usdcad hit 2nd tp, 3rd tp in view. Still holding on to euraud, just added wti oil sell, watching gbpcad. here s my portfolio in summary.
euraud not doing too well but I m still hopeful. portfolio confortably in green overall, hope it keeps improving. good night cheesy cheesy cheesy

wti oil sell, 1st tp in view. hope it hits sooner than later. GbpCad buy looking good as well. #GratefultoGod

Re: Forex Trading - Season 15 by Capitals: 12:54pm On Apr 16, 2015
naijababe:


And I didn't see the pin bar taken out, been in and out of meetings all week.


@ Thread, I want to add EA and GN to my oranges, any thoughts on the pairs?

Been following your updates, I believe you have done your due diligence on them. I hope you find them profitable. I watch and trade them if my pattern shows up on any of them, only concern is the spread my broker offers on GN (33pts), bt thats no problem if there s an oppurtunity with high probability of success. cool cool cool
Re: Forex Trading - Season 15 by Nobody: 1:11pm On Apr 16, 2015
Capitals:


Been following your updates, I believe you have done your due diligence on them. I hope you find them profitable. I watch and trade them if my pattern shows up on any of them, only concern is the spread my broker offers on GN (33pts), bt thats no problem if there s an oppurtunity with high probability of success. cool cool cool

I know, besides I just want to add the kiwi in some manner but I am loathe to do it on as a GBP pair as I already have a GBP cross. What's your view on Nnzd/cad?
Re: Forex Trading - Season 15 by micynute94(m): 1:38pm On Apr 16, 2015
Micynute94:
JUST took a short trade on Eur/nzd...

Micynute94:
Took a long trade on u/cad..... just now

Micynute94:
Just took a short trade on eur/aud... it just broke out of a box and my signal is still valid...
Hope it moves in the said direction.. since its correlation to eur/nzd is high... just took half of the normal lot size.. i should use....


REALLY FRUSTRATING.. embarassed. Had to close everything manually at a loss as my system invalidated the positions... cry cry

Geez, can't believe i made a mistake not even befitting for a beginner, what, with all my experience on this forex of a thing... Grrrrrrrrrhhhhhhh.... undecided

My trade actually worked out, what happened was i fail to consider the spread into my profit target.. ... Silly me, all positions got to the target level, only for it to reverse without filling in my orders cos of the damn broker spread.. Grrrrrrrhhh.... angry angry

That's wat i get for not paying attention to my trades.. embarassed

The only reason reason.. nah the reasons it really didn't affect me was.....
.. I was trying to find a lightweight browser for my phone that doesn't consume a lot of ram, very fast in loading (hot and cold) and can work and navigate well with binary.com without lagging... wink Yup, i finally find it.. in expense of not monitoring my trade. Well, cool deal.... grin grin grin.

... Saw a reversal bar at exactly some pips to my target level but didn't pay heed to it since it ain't incorporated in my system.. It's cool to follow ur system even wen it's losing.. (iffahear)... grin grin

.... Moreover, it's a Normal thing to lose....hehehe...

Still feeling high from the browser i found.. Hope it didn't fvck me up cos hmmmm... will kill the damn morrafucker of a browser.... cry

Now that d steam is off, can't help but to laugh..... grin grin grin
Re: Forex Trading - Season 15 by micynute94(m): 1:51pm On Apr 16, 2015
naijababe:


And I didn't see the pin bar taken out, been in and out of meetings all week.


@ Thread, I want to add EA and GN to my oranges, any thoughts on the pairs?

The experience i v with G/N is that it doesn't move in a clear direction, more like oscillating its way till it get there.. Swing trading might work well with it.. Though, it's volatile n u can make a lotta pips within a short period of time...
I prefer the E/N cross as it's more smooth n trends well..
Well 2 me, ur deciding factor should be how well ur system accepts it n how u can incorporate it without any issue.. i. e. How it fits into ur system...

E/A is cool.... I use it in replacement of gold n it seems good for now.. More importantly, it works well with my system....

.. could dump it all tomorrow if i notice my system needs a new gf... smiley smiley
Re: Forex Trading - Season 15 by Nobody: 1:52pm On Apr 16, 2015
Market trade levels
iheanyiebeneze:
todays trade,
i will sell Usdchf at 0.9760 if it gets there within 3hours time with a first tp=0.9650 rrr=1;1 below this level 0.9760, uc is a sell.
Also i will buy EURUSD at 1.0580 if it gets there in 4hours time with first tp=1.0680,rrr=1;1, above this level 1.0580, eu is a buy.
remember to bring stoploss to BE
Re: Forex Trading - Season 15 by Nobody: 1:55pm On Apr 16, 2015
micynute94:


The experience i v with G/N is that it doesn't move in a clear direction, more like oscillating its way till it get there.. Swing trading might work well with it.. Though, it's volatile n u can make a lotta pips within a short period of time...
I prefer the E/N cross as it's more smooth n trends well..
Well 2 me, ur deciding factor should be how well ur system accepts it n how u can incorporate it without any issue.. i. e. How it fits into ur system...

E/A is cool.... I use it in replacement of gold n it seems good for now.. More importantly, it works well with my system....

.. could dump it all tomorrow if i notice my system needs a new gf... smiley smiley

My exact thoughts, EA seems more like the sensible of the two, I was going to buy at the low this morning but I helf off because I had not traded it in a while anf I felt like I should try to get to know it. There is a 3 white soldier signal on it on the hourly and a hammer on the 4h at the weekly support area of 13720, I will wait for retracement sha
Re: Forex Trading - Season 15 by Owliver(m): 2:03pm On Apr 16, 2015
naijababe:


And I didn't see the pin bar taken out, been in and out of meetings all week.


@ Thread, I want to add EA and GN to my oranges, any thoughts on the pairs?
madam the GN spreads alone na die ooh. Usually above 25pips, I hope your not planning on using same SL you use for dow jones grin hahahaha. Meanwhile, 4hrs time frame with 100pips SL should do and I trust you'll have a good precise entry sha. EA and GA are a better options.
Re: Forex Trading - Season 15 by Nobody: 2:29pm On Apr 16, 2015
Owliver:
madam the GN spreads alone na die ooh. Usually above 25pips, I hope your not planning on using same SL you use for dow jones grin hahahaha. Meanwhile, 4hrs time frame with 100pips SL should do and I trust you'll have a good precise entry sha. EA and GA are a better options.

Thanks. EA it is, no GA as I already have a GBP cross with GJ
Re: Forex Trading - Season 15 by Owliver(m): 2:36pm On Apr 16, 2015
naijababe:


Thanks. EA it is, no GA as I already have a GBP cross with GJ
Ok better.
Re: Forex Trading - Season 15 by micynute94(m): 3:46pm On Apr 16, 2015
naijababe:


My exact thoughts, EA seems more like the sensible of the two, I was going to buy at the low this morning but I helf off because I had not traded it in a while anf I felt like I should try to get to know it. There is a 3 white soldier signal on it on the hourly and a hammer on the 4h at the weekly support area of 13720, I will wait for retracement sha

@ FIRST bolded... That's wisdom.... grin
@ second bolded... u meant the candle starting from 09:00 (gmt)? .. Saw the signal too and would have entered on the 11.30 candle if not for the mini resistance region around 1.376XX..... (30 mins TF ) angry
Re: Forex Trading - Season 15 by Nobody: 3:47pm On Apr 16, 2015
micynute94:


@ FIRST bolded... That's wisdom.... grin
@ second bolded... u meant the candle starting from 09:00 (gmt)? .. Saw the signal too and would have entered on the 11.30 candle if not for the mini resistance region around 1.376XX..... (30 mins TF ) angry

Yes
Re: Forex Trading - Season 15 by Capitals: 4:23pm On Apr 16, 2015
naijababe:


I know, besides I just want to add the kiwi in some manner but I am loathe to do it on as a GBP pair as I already have a GBP cross. What's your view on Nnzd/cad?

alright, I get the point. Honestly haven't been checking out nzdcad, just pulled it out after you made mention of it, so cant really say much about it.
Re: Forex Trading - Season 15 by Capitals: 4:27pm On Apr 16, 2015
Capitals:


Finally, usdcad hit 2nd tp, 3rd tp in view. Still holding on to euraud, just added wti oil sell, watching gbpcad. here s my portfolio in summary.
euraud not doing too well but I m still hopeful. portfolio confortably in green overall, hope it keeps improving. good night cheesy cheesy cheesy

Looks like its profit taking thursday for me, 3rd tp usdcad in view

1 Like

Re: Forex Trading - Season 15 by jamace(m): 5:49pm On Apr 16, 2015
jamace:
GBP/AUD
BUY @ 1.91110
TP @ 1.95500
SL @ 1. 90000

Note: Trade may take 3 -5 days before hitting TP. So, be patient.
Wow! This trade after moving over 300 pips and close to TP reversed gear to almost starting point. No qualms. Trade remains valid. Remains HOLD to next week.
Re: Forex Trading - Season 15 by jamace(m): 5:54pm On Apr 16, 2015
[quote author=jamace post=32697469]EUR/AUD
BUY @ 1.39000
TP @ 1.43500
SL @ 1. 37715

Note: This trade may take 3 -5 days before hitting TP. So, be patient.

LEGGO![/quote This trade hit SL. I'm BUYING again.
EUR/AUD
BUY @ 1.37822
TP @ 1.43500
SL @ 1. 3700
Re: Forex Trading - Season 15 by docus: 6:22pm On Apr 16, 2015
Usdcad is making me proud for past two days nw TP is open for nw. meanwhile eyeing to long NU & AU at if it meet my conditions
Re: Forex Trading - Season 15 by seyejohn94: 7:13pm On Apr 16, 2015
seyejohn94:


Gold buy activated....

Stop hit on gold trade... Immediate resistance proved too strong... Standing aside mode for a clearer signal...
Re: Forex Trading - Season 15 by infofirst(m): 8:28pm On Apr 16, 2015
naijababe:

And I didn't see the pin bar taken out, been in and out of meetings all day.
@ Thread, I want to add EA and GN to my oranges, any thoughts on the pairs?

My advice.... Gj alone is enough to give you sweet orange juices. On top you have Djia and Co.
I have been working on limiting my pairs as I strongly believe that the lesser the better.
What Ea will do... Eu will do and so on.
I trade mainly eu lately and I have 4 others(gu,uj oil & gold)
Wake me any time and am able to tell the important levels of support and resistance for eu. Power of specialization.
Re: Forex Trading - Season 15 by Nobody: 8:53pm On Apr 16, 2015
infofirst:


My advice.... Gj alone is enough to give you sweet orange juices. On top you have Djia and Co.
I have been working on limiting my pairs as I strongly believe that the lesser the better.
What Ea will do... Eu will do and so on.
I trade mainly eu lately and I have 4 others(gu,uj oil & gold)
Wake me any time and am able to tell the important levels of support and resistance for eu. Power of specialization.

At the moomnet, I only trade GJ and DJIA. I just needed to add one more pair and EA looks like the right one..............3 things and no more.

With DJIA, I am exposed all the indices movemnt which often move in the same direction
GJ - I am exposed to both movement on GBP and JPY
EA - Gives me EUR and AU exposure

This way is I am not susceptible to only USD movement.

Thanks for the look out mate wink

2 Likes

Re: Forex Trading - Season 15 by infofirst(m): 9:34pm On Apr 16, 2015
naijababe:


At the moomnet, I only trade GJ and DJIA. I just needed to add one more pair and EA looks like the right one..............3 things and no more.

With DJIA, I am exposed all the indices movemnt which often move in the same direction
GJ - I am exposed to both movement on GBP and JPY
EA - Gives me EUR and AU exposure

This way is I am not susceptible to only USD movement.

Thanks for the look out mate wink
Thumb up.
Re: Forex Trading - Season 15 by seyejohn94: 10:25pm On Apr 16, 2015
seyejohn94:


Stop hit on gold trade... Immediate resistance proved too strong... Standing aside mode for a clearer signal...

Au/USD going up gold going down... This is pure manipulation in broad daylight... What happened to correlation.... MM doin deir tin... Totally forgot about d smart money... Lol... Win some lose some...
Re: Forex Trading - Season 15 by Nobody: 10:36pm On Apr 16, 2015
seyejohn94:


Au/USD going up gold going down... This is pure manipulation in broad daylight... What happened to correlation.... MM doin deir tin... Totally forgot about d smart money... Lol... Win some lose some...
bro dont lose sight of target continue to focus on this pair....gold is in a range right now, when it breaks out finally its gonna deliver atleast 500pips in a short time. just like USDCAD is doing.
Re: Forex Trading - Season 15 by Nobody: 10:57pm On Apr 16, 2015
Hmmm a thread for forex trading?that is nice.
Re: Forex Trading - Season 15 by seyejohn94: 11:06pm On Apr 16, 2015
FxDuke:
bro dont lose sight of target continue to focus on this pair....gold is in a range right now, when it breaks out finally its gonna deliver atleast 500pips in a short time. just like USDCAD is doing.

Yeah i can see d range already on my 4hr chart... Drew a band... weekly pivot and immediate swing low zone... Watching d nucca with eagle eye.... Patiently waiting on my system....
Re: Forex Trading - Season 15 by seyejohn94: 11:45pm On Apr 16, 2015
@ naijababe.... Putting GbpNzd and Ea... Side by side...
Gn
Gn is very exotic on my part...very very erratic movement... But on d 4hr chart, u just might enjoy trading gn using d inside bar strategy - trigger @ break of mother bar... Based on a backtest from jan till date... U wud av successfully outperformed most if not all hedge fund company by d end of d second quarter....

Ea..
Ea can b slow at times wen it comes to pips delivery... Might test ur patience gaaaNnnn.... But don't worry... U got it covered based on years of experience and price action... Well Ea can be very sweet on d daily chart trading inside bar strategy break of mother bar... Each signal delivers about an average of let me not use d word minimum - 150 pips....

Conclusion : d decision is urs to make... Fast track Gnzd or slow pace Ea.....

Hope it helps....
Re: Forex Trading - Season 15 by Nobody: 6:45am On Apr 17, 2015
@Seyejohn, thanks for the insight.
Re: Forex Trading - Season 15 by micynute94(m): 7:01am On Apr 17, 2015
If the market continues its oscillatory movement here and there, the price should be going down, a reversal bar can be seen on eur / nzd as it is nearing a resistance. Tempted to sell a bit, system won't just allow.. ( 1 hr TF )
A break above 1.4109 will give rise to a very interesting movement to the upside... So far, the region between 1.4041 to 1.4100 is heavily guarded....
Should the immediate downtrend continues till 8.30am (WAT), will gladly enter a short position on Eur / Nzd n Eur / Aud......

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