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Forex Trading - Season 15 - Business (119) - Nairaland

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Re: Forex Trading - Season 15 by Shevychen2: 9:19am On Apr 20, 2015
fxbomovi:
market is traded by real humans, so it makes perfect sense to trade setups and signals that is very visible to virtually everyone! this does not mean that you won't have losing trade, but you will have far less losing trade and really more winning trade!

good morning!


This is exactly why strategies based on classic pivot calculations for example are powerful. Most people are seeing it so it more or less becomes a self fulfilling prophecy. Gold was in a range last week but I managed to get 180pips from it. This morning I got in immediately it hit R1 because it is still in a downtrend for me here until a daily close above 1210.

Focusing on such levels only will bring fewer trades but lower chances of your stoploss getting hit.
Re: Forex Trading - Season 15 by adeniyia33(m): 9:26am On Apr 20, 2015
I have never seen such spread on GU...The broker must be a scam
Shevychen2:
^^^ If I understand correctly, 5 pips is the bone of contention? Must be spread issues. But which broker has a 5 pips spread for GU? 2 should be the maximum.
Re: Forex Trading - Season 15 by pocoapoco88: 9:28am On Apr 20, 2015
fxbomovi:
market is traded by real humans, so it makes perfect sense to trade setups and signals that is very visible to virtually everyone! this does not mean that you won't have losing trade, but you will have far less losing trade and really more winning trade!

good morning!
evn d most obvious setups dat evn a day old baby can spot cud stil fail u woefully bt like u noted dey wil succeed more dan dey fail .....happy pipping
Re: Forex Trading - Season 15 by Nobody: 9:52am On Apr 20, 2015
Bought EA and GJ.........sl zone at 13770 and 17704 respectively. Also bought DJIA, sl at 17900...............tp open across board for now
Re: Forex Trading - Season 15 by currentprice: 9:59am On Apr 20, 2015
naijababe:
Bought EA and GJ.........sl zone at 13770 and 17704 respectively. Also bought DJIA, sl at 17900...............tp open across board for now

Dear ma,,,,try to reassess the EA trade 30pips sl some how too little for EA type grin
Re: Forex Trading - Season 15 by fxstory(m): 10:09am On Apr 20, 2015
fxbomovi:
market is traded by real humans, so it makes perfect sense to trade setups and signals that is very visible to virtually everyone! this does not mean that you won't have losing trade, but you will have far less losing trade and really more winning trade!

good morning!
yeah.nice
Re: Forex Trading - Season 15 by infofirst(m): 10:28am On Apr 20, 2015
Shevychen2:
^^^ If I understand correctly, 5 pips is the bone of contention? Must be spread issues. But which broker has a 5 pips spread for GU? 2 should be the maximum.
That is it.. Xm is the broker and their gu spread is always less than 3 for gu except at market open on Sunday evening.... Now that it's a winner I doubt they will understand.
Re: Forex Trading - Season 15 by Nobody: 10:39am On Apr 20, 2015
currentprice:


Dear ma,,,,try to reassess the EA trade 30pips sl some how too little for EA type grin

Thanks but if it clears 13770, then that spinning top on the weekly is just a consolidation. I expect that 30 pips sl to do the job well wink
Re: Forex Trading - Season 15 by infofirst(m): 10:43am On Apr 20, 2015
infofirst:

After having closed at minus 25pips last week.. Pending sell at 1.0810 picked again... 80 pips target.

Stop loss in the positive n I site support at 1.0685* for eu n I placed a pending buy at 1.0695/ tp 1.8995 n mental sl at about 100pips.

Will be on the look out once we enter 1.072* region but conservative entry at 1.0695*
Re: Forex Trading - Season 15 by dukum: 10:45am On Apr 20, 2015
Gj sell,stp 178.3 tp 176.22
Re: Forex Trading - Season 15 by Nobody: 10:56am On Apr 20, 2015
dukum:
Gj sell,stp 178.3 tp 176.22

Oga mi, shine your eye o. There is a bullish engulfing pattern on the weekly wink
Re: Forex Trading - Season 15 by dukum: 11:17am On Apr 20, 2015
naijababe:


Oga mi, shine your eye o. There is a bullish engulfing pattern on the weekly wink

Oh yes ma'am i am well aware of that,i am betting on a move lower first,b4 the expected bullish move,view d four hour chart with a line chart.wonderful pattern formation could fail though....risk aversion should also help d yen in d medium term, due to global equity sell off.like always.......i could be wrong.nothing mm cnt handle grin
Re: Forex Trading - Season 15 by Nobody: 11:20am On Apr 20, 2015
dukum:


Oh yes ma'am i am well aware of that,i am betting on a move lower first,b4 the expected bullish move,view d four hour chart with a line chart.wonderful pattern formation could fail though....risk aversion should also help d yen in d medium term, due to global equity sell off.like always.......i could be wrong.nothing mm cnt handle grin

When does your next 4h candle close?
Re: Forex Trading - Season 15 by dukum: 11:22am On Apr 20, 2015
naijababe:


When does your next 4h candle close?

2pm naija time.
Re: Forex Trading - Season 15 by Nobody: 11:25am On Apr 20, 2015
dukum:


2pm naija time.

I see, mine finishes at noon, I'll share wink
Re: Forex Trading - Season 15 by timtrader(m): 11:30am On Apr 20, 2015
infofirst:


Stop loss in the positive n I site support at 1.0685* for eu n I placed a pending buy at 1.0695/ tp 1.8995 n mental sl at about 100pips.

Will be on the look out once we enter 1.072* region but conservative entry at 1.0695*

At 1.0720 region e/u may have a close below 1.0737 on d 30 mins, 1hr chart head & shoulder neckline which culd extend abt or more than 100pips. If dat happens d buy @ 1.0695 culd b in troubl.
Re: Forex Trading - Season 15 by dukum: 11:33am On Apr 20, 2015
naijababe:


I see, mine finishes at noon, I'll share wink

Alrighty.
Re: Forex Trading - Season 15 by fxbomovi: 11:42am On Apr 20, 2015
buying eurusd @1.0755 to 1.0908. 1.0723 stop loss
Re: Forex Trading - Season 15 by Nobody: 12:12pm On Apr 20, 2015
dukum:


Alrighty.

Here you go, my entry was based on the hourly though

Re: Forex Trading - Season 15 by dukum: 12:23pm On Apr 20, 2015
naijababe:


Here you go, my entry was based on the hourly though

Hmmm!a retest of 178 looks eminent.wld be watching it closly.its still got a high downward potential.
Re: Forex Trading - Season 15 by freetowns: 12:34pm On Apr 20, 2015
dukum:

Hmmm!a retest of 178 looks eminent.wld be watching it closly.its still got a high downward potential.
I need someone to help me learn how to trade forex. I intend to use demo for the first 6months. Please I just want to learn. Thanks
Re: Forex Trading - Season 15 by dukum: 12:42pm On Apr 20, 2015
freetowns:
I need someone to help me learn how to trade forex. I intend to use demo for the first 6months. Please I just want to learn. Thanks

go to babypips.com/school and start from there before u start the demo trading,i am also learning and can't do much to help you just yet but am sure there are a few gurus here who could.Goodluck.
Re: Forex Trading - Season 15 by infofirst(m): 1:14pm On Apr 20, 2015
timtrader:


At 1.0720 region e/u may have a close below 1.0737 on d 30 mins, 1hr chart head & shoulder neckline which culd extend abt or more than 100pips. If dat happens d buy @ 1.0695 culd b in troubl.

Will exercise caution n kudos.
Re: Forex Trading - Season 15 by infofirst(m): 1:17pm On Apr 20, 2015
infofirst:

After having closed at minus 25pips last week.. Pending sell at 1.0810 picked again... 80 pips target.
Target hit.... Next pending on the look out as stated initially.
Re: Forex Trading - Season 15 by Nobody: 1:19pm On Apr 20, 2015
Closed DJIA buy on the engulfing pattern on 1h and switched to sell position. SL at 17980, tp around 17560 area
Re: Forex Trading - Season 15 by freetowns: 1:26pm On Apr 20, 2015
dukum:


go to babypips.com/school and start from there before u start the demo trading,i am also learning and can't do much to help you just yet but am sure there are a few gurus here who could.Goodluck.
Very much thanks. I have been on babypips for months now. I actually need a one on one training now. I would pay for this.
Re: Forex Trading - Season 15 by micynute94(m): 1:39pm On Apr 20, 2015
Will buy u/c should it break Friday's high in the next 30 mins..... .
Will cad/jpy if it continues its downtrend by 2.30pm...
Looking to buy e/cad and e/aud @ 2.30pm..
Re: Forex Trading - Season 15 by Nobody: 2:20pm On Apr 20, 2015
naijababe:
Closed DJIA buy on the engulfing pattern on 1h and switched to sell position. SL at 17980, tp around 17560 area

Closed, high of bearish candle exceeded
Re: Forex Trading - Season 15 by dukum: 2:21pm On Apr 20, 2015
freetowns:

Very much thanks. I have been on babypips for months now. I actually need a one on one training now. I would pay for this.

oh!good,since you have been on babypips,there is really no need to pay for this.i wld be willing to share the lil i know and feel free to ask any ques u have either on FTA or by pm.
Re: Forex Trading - Season 15 by seyejohn94: 2:22pm On Apr 20, 2015
Close below 1192.7 will sell gold with 50pips tp1, 1183.3 tp2 1172.9... Bearish pin on 4hr chart...

Nothing is guaranteed...
Happy trading...
Re: Forex Trading - Season 15 by Nobody: 3:02pm On Apr 20, 2015
EA +70 pips, moved to BE+5

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