All positions remaining...are
A short position on
¶ E/A
¶ E/C
¶ E/N

eves4love:

well its going to go down to the 115xx region because it has a strong hidden divergence on the h1 with a MA 50 sitting on the setup on the D1 which is strongly been sold by bears because its on the over bought region. And lastly it is sitting close to the montly support which means the bears will push the price to retest the support region, am already 1:1 going to 1:6 in pips, the trade might last 4 more days to 115xx region

"its going to go down" sounds rather too conclusive...I wouldn't use such term in FX trading...

lets see what happens between 118* and 121*

micynute94:
All positions remaining...are
A short position on
¶ E/A
¶ E/C
¶ E/N

E/N. target profit reached just now... 54 pips...
E/A.. moved to BE + some pips...
E/C... already in Green

honeric01:


"its going to go down" sounds rather too conclusive...I wouldn't use such term in FX trading...

lets see what happens between 118* and 121*

Agreed. Also not expecting any 500pip movement before FOMC and NFP for May.

Gj trying me patience since yestaday,nzdusd nai worst pass-12 pips.

Used 1/3 of my profit on E/N to initiate a short position

LETS WAIT 4 PRICE TO RETRACE/PULLBACK TO THE CIRCLED ZONE WHICH IS THE 50% MARK TO OPEN A BUY TRADE ON AUDJPY!

THE ANALYSIS IS ON AUDJPY NOT GBPJPY

dukum:
Gj trying me patience since yestaday,nzdusd nai worst pass-12 pips.

Same here, na annoyance I takke close my long at 24+ pips this morning but I am only interested in a buy sha. I won't sell it

Shevychen2:


Agreed. Also not expecting any 500pip movement before FOMC and NFP for May.

500 pips...something else may likely do this.. anything can happen between now and then... you know..like Russia invading America lolz

honeric01:


"its going to go down" sounds rather too conclusive...I wouldn't use such term in FX trading...

lets see what happens between 118* and 121*

yea you are right, its just an opinion sha, well lets watch and see how it turns out, anyway its still good sha

eves4love:

yea you are right, its just an opinion sha, well lets watch and see how it turns out, anyway its still good sha

I have only been trading gold for months now and it's been very boring for me.. infact.. trading since this year has been boring to me..

Anyone felt or feels like this too?

honeric01:


I have only been trading gold for months now and it's been very boring for me.. infact.. trading since this year has been boring to me..

Anyone felt or feels like this too?

mine has been very interesting bro, why dont u trade from over 55 pairs available including stocks if u have a sound strategy that cuts across all pairs and timeframes

naijababe:


Same here, na annoyance I takke close my long at 24+ pips this morning but I am only interested in a buy sha. I won't sell it

Omo na every muscle for my body i dey use hold dat trade,my plans are,i wld close it sometym today or at d end of the trading day max i no want gbp news to catch me off guard tomao.i entered another position at r1 178.1

honeric01:


I have only been trading gold for months now and it's been very boring for me.. infact.. trading since this year has been boring to me..

Anyone felt or feels like this too?

Gold is the optimum power ranger! I have not traded it in over a month. The thing sabi range die ...............

honeric01:


I have only been trading gold for months now and it's been very boring for me.. infact.. trading since this year has been boring to me..

Anyone felt or feels like this too?

Trading feels boring to me when i have a loosing streak(like 6-8 straight losses) .it happens every now and then.e go come b like make i take break.

@micynute94,

The big candle with its low at 13826 is the game changer, if the next hourly closes above it, I will be buying EA again

dukum:


Trading feels boring to me when i have a loosing streak(like 6-8 straight losses) .it happens every now and then.e go come b like make i take break.

Mine is the opposite.. I place a trade and forgets about it..I mostly put SL and leave the to running.. sometimes, I come around to adjust the SL..makes trading easy and clean but extremely boring..

was into the daily profit taking last year until I switched to this plan just to be able to spend time on other aspects of life...but now its killing.....

micynute94:


E/N. target profit reached just now... 54 pips...
E/A.. moved to BE + some pips...
E/C... already in Green

E/A took me out @ BE + some pips (1.3842) ... Some days r like that sha... after almost touching activating my TP....
Issorai.....

eves4love:

mine has been very interesting bro, why dont u trade from over 55 pairs available including stocks if u have a sound strategy that cuts across all pairs and timeframes

Was into multiple pairs before during my early trading days.. I used to do both gold and oil, dropped oil and faced gold early this year...as for the rest.. not interested in them for now even though I see signals sometimes but I am under a task not to go back to currency for now..

naijababe:


Gold is the optimum power ranger! I have not traded it in over a month. The thing sabi range die ...............

yup..babanla ranger..gives u 120 pips, if u slack...takes it back.. but I am learning how to ignore the give and take..

[quote author=honeric01 post=32948160]

Mine is the opposite.. I place a trade and forgets about it..I mostly put SL and leave the to running.. sometimes, I come around to adjust the SL..makes trading easy and clean but extremely boring..

was into the daily profit taking last year until I switched to this plan just to be able to spend time on other aspects of life...but now its killing.....[/quo

Then u shldnt be bored man,u got other things to occupy u.....*thats one of my favorite strats of trading u mentioned* and am guessing its a trend following strat?

Gbpcad forming something interesting.... check on 4hrs..

micynute94:
Used 1/3 of my profit on E/N to initiate a short position

Already in Red if not closed by now...
E/C in red also...
Won't manually close it... SL should do the needful...

@ naijababe...
Should have closed it @ the level u mentioned, had i saw ur mention fast enough.. would v reinforced my discretion... Thanks anyways..

The thing z i was tored between having to follow my system and having to use my knowledge of S/R.... to manage the trade....
Should v closed the position but my system wouldn't allow it..
It's not really easy following two masters.. I guess i will stick with my system.....

honeric01:


500 pips...something else may likely do this.. anything can happen between now and then... you know..like Russia invading America lolz

Lmao

honeric01:
Gbpcad forming something interesting.... check on 4hrs..

Wld dat be a bearish rejection? Cos besides that it looks like a consolidation/range to me.

honeric01:




Was into multiple pairs before during my early trading days.. I used to do both gold and oil, dropped oil and faced gold early this year...as for the rest.. not interested in them for now even though I see signals sometimes but I am under a task not to go back to currency for now..



yup..babanla ranger..gives u 120 pips, if u slack...takes it back.. but I am learning how to ignore the give and take..

I realised late last year that to make money is not difficult, the need to make it quickly is the problem. Oil used to one of my favourite things but in the past 6 months, I seem to be suffering from insider bias and can't seem to just follow my chart. I attended one conference and met 2 people who changed my mind set.

An old lady (she was 72 at the time), learnt to trade when after losing her pension and made her first million trading just the S&P index.

The other guy is in his mid 40s, only trades DJIA options and made his money that way too...............but had trading logs and bank statements as proof, they wanted to show us that to make it does not require trading everything that moves. Having whittled down instruments to the ones that are least likely to range, I am all the better for it. Gold can kiss my black ar5e, the ranging is so annoying, I can put my capital to better use. I keep telling you to try the indices if you don't want to trade FX, start with the FTSE, you will be glad you did.

honeric01:


I have only been trading gold for months now and it's been very boring for me.. infact.. trading since this year has been boring to me..

Anyone felt or feels like this too?

Like the great Naijababe once said, "Boring trading is good trading" so you should be very happy if your heart is not always beating and you can sleep properly at night. Stick to what you are doing.

To the person talking about trading more pairs. The dozens of pairs are all linked to each other in one way or the other so trading two or three pairs only and trading 20 pairs may still bring the same results in terms of raw cash.

We all started with trading everything tradable. Some of us have since left that boat because of its stress.

I trade only Gold and GA and I have a monthly pip target of 500pips total from two of them. Even with the range and everything, I easily reach that target most of the time and surpass it. Bad months still give a positive net.

Of course there are a million ways to kill the forex rat but watching 3 pairs or less is great. If you have a good system and enough patience, you don't need thousands of pips to become successful in this business.

naijababe:


I realised late last year that to make money is not difficult, the need to make it quickly is the problem. Oil used to one of my favourite things but in the past 6 months, I seem to be suffering from insider bias and can't seem to just follow my chart. I attended one conference and met 2 people who changed my mind set.

An old lady (she was 72 at the time), learnt to trade when after losing her pension and made her first million trading just the S&P index.

The other guy is in his mid 40s, only trades DJIA options and made his money that way too...............but had trading logs and bank statements as proof, they wanted to show us that to make it does not require trading everything that moves. Having whittled down instruments to the ones that are least likely to range, I am all the better for it. Gold can kiss my black ar5e, the ranging is so annoying, I can put my capital to better use. I keep telling you to try the indices if you don't want to trade FX, start with the FTSE, you will be glad you did.

U just v a way of reviving one's spirit.... U know that's a gift, Ma'am....
I LOVE SUCCESS STORIES....

@ Shevychen, yes o, successful trading is very boring.

micynute94:

U just v a way of reviving one's spirit.... U know that's a gift, Ma'am....
I LOVE SUCCESS STORIES....

Thanks man

I already bought EA again at 13829, 30 pips stop. Like I said, if the low of that big candle is taken out, it is a game changer and EA will be continuing the bearish trend.

naijababe:
@ Shevychen, yes o, successful trading is very boring.



Thanks man

I already bought EA again at 13829, 30 pips stop. Like I said, if the low of that big candle is taken out, it is a game changer and EA will be continuing the bearish trend.

Staying on the sideline for now on E/A.... prefer a bearish move as more pips will be delivered.. Still Waiting though...

E/C and E/N hovering @ BE.... Dunno if i should just close it n wait on the sideline...
I did close half of E/N @ - 6 pips..... to reduce my risk....

Shevychen2:


Like the great Naijababe once said, "Boring trading is good trading" so you should be very happy if your heart is not always beating and you can sleep properly at night. Stick to what you are doing..

You're right.. its well...

naijababe:


I realised late last year that to make money is not difficult, the need to make it quickly is the problem. Oil used to one of my favourite things but in the past 6 months, I seem to be suffering from insider bias and can't seem to just follow my chart. I attended one conference and met 2 people who changed my mind set.

An old lady (she was 72 at the time), learnt to trade when after losing her pension and made her first million trading just the S&P index.

The other guy is in his mid 40s, only trades DJIA options and made his money that way too...............but had trading logs and bank statements as proof, they wanted to show us that to make it does not require trading everything that moves. Having whittled down instruments to the ones that are least likely to range, I am all the better for it. Gold can kiss my black ar5e, the ranging is so annoying, I can put my capital to better use. I keep telling you to try the indices if you don't want to trade FX, start with the FTSE, you will be glad you did.

I will surely look into FTSE by june, thanks for sharing your experience

dukum:


Wld dat be a bearish rejection? Cos besides that it looks like a consolidation/range to me.

Yes, like a rejection, may like shoot if it holds..

micynute94:
E/C and E/N hovering @ BE.... Dunno if i should just close it n wait on the sideline...
I did close half of E/N @ - 6 pips..... to reduce my risk....

Finally closed my remaining positions..
E/N @ B.E + 1
E/C @ - 16 pips......

E/C z just hovering @ a support area.... since like 2.5 hours ago... An heavy impact news z coming up on 13.30 WAT for Cad and don't want any funny surprise...

On the look for new positions to enter... Right now, am on the sideline..