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Forex Trading - Season 15 - Business (129) - Nairaland

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Re: Forex Trading - Season 15 by EmmanuelD1st(m): 1:52pm On Apr 28, 2015
naijababe:


No they don't as far as I know
So, how do you get to use them? Second thought, you're not trading from Nigeria, right?
Re: Forex Trading - Season 15 by Nobody: 2:03pm On Apr 28, 2015
Take profit hit
iheanyiebeneze:
sell EURGBP now for a 40pips take profit.
. Thats my HOLY GRAIL in action.
I plan my trade and trade my plan.
Re: Forex Trading - Season 15 by Nobody: 2:05pm On Apr 28, 2015
mutik1977:
sold EU@0925 sl 30 chart 5min

NB trying to go against my system (no signal yet on 1h & d volume tin). let me see if will work by luck.

closed. no signal. +1 pip 4h & 1h says not now. up up
Re: Forex Trading - Season 15 by Nobody: 2:06pm On Apr 28, 2015
EmmanuelD1st:
So, how do you get to use them? Second thought, you're not trading from Nigeria, right?

No
Re: Forex Trading - Season 15 by micynute94(m): 2:09pm On Apr 28, 2015
Geez.. looking @ EA is heart wrenching..
EC sef turtled rangered itself to a new high.
HIAN... IT IS WELL..
Re: Forex Trading - Season 15 by micynute94(m): 2:13pm On Apr 28, 2015
U/C trade closed @ -20 pips..
Re: Forex Trading - Season 15 by Nobody: 2:23pm On Apr 28, 2015
micynute94:
Geez.. looking @ EA is heart wrenching..
EC sef turtled rangered itself to a new high.
HIAN... IT IS WELL..

grin grin grin grin grin Just take it easy, tomorrow is the day for EA, na mission 134xx. Plenty trades ahead man.
Re: Forex Trading - Season 15 by Nobody: 2:32pm On Apr 28, 2015
DJIA, +71 pips, moved to BE+1 Nucca wanna do 183xx before the interest rate decision grin
Re: Forex Trading - Season 15 by micynute94(m): 2:40pm On Apr 28, 2015
naijababe:


grin grin grin grin grin Just take it easy, tomorrow is the day for EA, na mission 134xx. Plenty trades ahead man.

Thanks ma'am. some days r like that jare.. What doesn't kill us, makes us stronger grin grin grin
Re: Forex Trading - Season 15 by EmmanuelD1st(m): 2:43pm On Apr 28, 2015
Re: Forex Trading - Season 15 by Nobody: 3:05pm On Apr 28, 2015
naijababe:
DJIA, +71 pips, moved to BE+1 Nucca wanna do 183xx before the interest rate decision grin

Yeepa!!! shocked shocked shocked shocked
Re: Forex Trading - Season 15 by Nobody: 3:26pm On Apr 28, 2015
gold, EU/GU all move in same direction 95/98% of d time. sometimes a buy signal on EU will force gold to go up & vice versa. d lesser instrument d better. my 50cent contribution. happy trading

may be tomorrow is another signal for EU. closed 1:1.5 & d tin still vomiting.
Re: Forex Trading - Season 15 by Nobody: 4:07pm On Apr 28, 2015
It is going to be one of those days, make I waka abeg!
Re: Forex Trading - Season 15 by Shevychen2: 4:11pm On Apr 28, 2015
mutik1977:
gold, EU/GU all move in same direction 95/98% of d time. sometimes a buy signal on EU will force gold to go up & vice versa. d lesser instrument d better. my 50cent contribution. happy trading

may be tomorrow is another signal for EU. closed 1:1.5 & d tin still vomiting.

Obviously. They are all USD dependent. Which is why it is important to balance out your selections..

Like I lost to Gold but more than recovering on GA..
Re: Forex Trading - Season 15 by fxstory(m): 4:36pm On Apr 28, 2015
Owliver:
the best way to fix TP is at next possible support or resistance not all those ratio ratio thing. #MyOpinion
on point.forex trading is taking new shapes, some rules have to be blended to suit your trade. I for ones don't really fancy sticking with ratio things because if not used properly in practice, you may get burnt.

Imagine you saw a strong support or resistance zone and still went ahead to stick with ratio 1:3, sorry will be your next name by the time price got there and bounce back to hit your stop loss. Best is to use trail your trade by adjusting to break even, at the end of the day, if price knock you out at break even, you did not lose and if price breaks the support and resistance zone and continue moving to your direction, then good for you, you just have to continue trailing.this is how most traders now trade and before you know it, you will even banked over 1:8 or 1:10 as a result of trailing little by little instead of just allowing the price to move base on your static mind on risk reward of 1:3 or more.

The bone of contention here is to make sure you don't buy or sell when price is not oversold or overbought so you can manage your risk reward.most people buy when traders are selling and sell when traders are buying which is a major error newbies keep making.
Re: Forex Trading - Season 15 by Nobody: 5:32pm On Apr 28, 2015
get ready to sell EU

5 min says so. stop at 0990. sold at 1,09639 waiting for little retrace up to enter another lot. dis is how i roll. 15m/1h yet to say GO! so watching
Re: Forex Trading - Season 15 by pocoapoco88: 5:58pm On Apr 28, 2015
geniusbami:
U're my kind of person, Ezeigbo; how can I enter into the ocean for the singular purpose of having access to a greater amount of water, and I then I now cage myself within some 1% risk rule? I wouldn't even call that a rule, I'll rather see it as a tradition. And U know something about traditions? They're meant to be broken. I have such risk appetite that I ferret every possible pile when I can't find one. I've 'tasted blood' in Fx having made 50, and even 100% on my fund in less than 24 hours, so for me, I will rather find something else to do if by projection, I can only hope for less than 1,000% in Fx in 30 days.
oga o
Re: Forex Trading - Season 15 by Nobody: 6:08pm On Apr 28, 2015
mutik1977:
get ready to sell EU

5 min says so. stop at 0990. sold at 1,09639 waiting for little retrace up to enter another lot. dis is how i roll. 15m/1h yet to say GO! so watching

closed. no reversal yet. higher tf still pointing up. flipped to buy 0973 sl 15 pip. hmm
Re: Forex Trading - Season 15 by jamace(m): 6:17pm On Apr 28, 2015
GBP/AUD
BUY @1.91300
TP @ 1.94000
SL @ 1.90000

Best of luck.
Re: Forex Trading - Season 15 by Nobody: 6:38pm On Apr 28, 2015
iheanyiebeneze:
Take profit hit. Thats my HOLY GRAIL in action.
I plan my trade and trade my plan.

Sir i remembered u made that trade call at around 10:27 am "sell EURGBP now for a 40pips take profit" and your take profit of 40 pips is hit by 2pm.
From the EUR/GBP chart today, within the time range i assumed you open/entered the trade, the highest price is 0.71696 at around 9:30 am and the d the lowest price is 0.71425 around 11am. The pair only delivered 27 pips (if you had entered the trade at d highest price) within that 4hrs of your entering and hitting tp as against 40 pips you claimed sir. Please, am i missing out something here? i just need some clarifications or the trade parameter.

My first time here.

1 Like

Re: Forex Trading - Season 15 by micynute94(m): 6:56pm On Apr 28, 2015
Fx4Pay:


Sir i remembered u made that trade call at around 10:27 am "sell EURGBP now for a 40pips take profit" and your take profit of 40 pips is hit by 2pm.
From the EUR/GBP chart today, within the time range i assumed you open/entered the trade, the highest price is 0.71696 at around 9:30 am and the d the lowest price is 0.71425 around 11am. The pair only delivered 27 pips (if you had entered the trade at d highest price) within that 4hrs of your entering and hitting tp as against 40 pips you claimed sir. Please, am i missing out something here? i just need some clarifications or the trade parameter.

My first time here.

Hmmmm.. been wondering too ...
Heard an alert some time ago n it ain't up to the TP mentioned n i heard TP hit....
I think our brokers r different, Maybe that's the reason for the discrepancy grin grin grin grin .

1 Like

Re: Forex Trading - Season 15 by Nobody: 6:57pm On Apr 28, 2015
Shevychen2:


Obviously. They are all USD dependent. Which is why it is important to balance out your selections..

Like I lost to Gold but more than recovering on GA..

true. i substitute them. d day i will trade gold, no EU so on. I like d two nuccas too much gold on my mind next to trade. waiting for 1 hour to say GO!
Re: Forex Trading - Season 15 by Capitals: 7:02pm On Apr 28, 2015
Capitals:

when spread delays profit taking...SMH

audchf after waiting patiently for over 2 wks, 2nd tp close. wondering when and if we ll get to 3rd tp

sold gbpusd, waiting to sell gbpjpy

Re: Forex Trading - Season 15 by Nobody: 7:54pm On Apr 28, 2015
You are highly welcome as a new comer. Thats 30pips and not 40pips tp.Thanks for that. I usually give exact levels of tp and sl and it has happened 99% accurate, you can check my post and confirm it with the times those post where made. AM OVER 8 YEARS OLD IN THIS FOREX TRADING and am happy with the success so far. The Take profit was at 14DMA. Insert the default 14Day Moving Average and see things for yourself. I posted it in a haste because The market started moving immediately at that level of resistance, that was why i did not post the exact levels. Meanwhile EURGBP is higher in dollar relation than EURUSD, for instance, if eu gives 10pips it will be $10 but if EG gives 10pips, it will be around $12, google and read the reason for that. I invite you to open a demo account with forextime by hitting this link http://www.forextime.com/?partner_id=4900129 develop a sound trading strategy and go LIVE account to start making money as we do here.
Sorry some people loose money here as well.
Fx4Pay:


Sir i remembered u made that trade call at around 10:27 am "sell EURGBP now for a 40pips take profit" and your take profit of 40 pips is hit by 2pm.
From the EUR/GBP chart today, within the time range i assumed you open/entered the trade, the highest price is 0.71696 at around 9:30 am and the d the lowest price is 0.71425 around 11am. The pair only delivered 27 pips (if you had entered the trade at d highest price) within that 4hrs of your entering and hitting tp as against 40 pips you claimed sir. Please, am i missing out something here? i just need some clarifications or the trade parameter.

My first time here.
Re: Forex Trading - Season 15 by Owliver(m): 8:01pm On Apr 28, 2015
fxstory:
on point.forex trading is taking new shapes, some rules have to be blended to suit your trade. I for ones don't really fancy sticking with ratio things because if not used properly in practice, you may get burnt.

Imagine you saw a strong support or resistance zone and still went ahead to stick with ratio 1:3, sorry will be your next name by the time price got there and bounce back to hit your stop loss. Best is to use trail your trade by adjusting to break even, at the end of the day, if price knock you out at break even, you did not lose and if price breaks the support and resistance zone and continue moving to your direction, then good for you, you just have to continue trailing.this is how most traders now trade and before you know it, you will even banked over 1:8 or 1:10 as a result of trailing little by little instead of just allowing the price to move base on your static mind on risk reward of 1:3 or more.

The bone of contention here is to make sure you don't buy or sell when price is not oversold or overbought so you can manage your risk reward.most people buy when traders are selling and sell when traders are buying which is a major error newbies keep making.
thank you for putting more "enlightment". You've said it all sire. Good evening
Re: Forex Trading - Season 15 by mecherine: 9:44pm On Apr 28, 2015
naijababe:


Only selected pairs o and I trade with a UK broker called IG markets

https://www.ig.com/uk/welcome-page
ok.......thanks. Hope they are broker.
Re: Forex Trading - Season 15 by Nobody: 10:14pm On Apr 28, 2015
iheanyiebeneze:
You are highly welcome as a new comer. Thats 30pips and not 40pips tp.Thanks for that. I usually give exact levels of tp and sl and it has happened 99% accurate, you can check my post and confirm it with the times those post where made. AM OVER 8 YEARS OLD IN THIS FOREX TRADING and am happy with the success so far. The Take profit was at 14DMA. Insert the default 14Day Moving Average and see things for yourself. I posted it in a haste because The market started moving immediately at that level of resistance, that was why i did not post the exact levels. Meanwhile EURGBP is higher in dollar relation than EURUSD, for instance, if eu gives 10pips it will be $10 but if EG gives 10pips, it will be around $12, google and read the reason for that. I invite you to open a demo account with forextime by hitting this link http://www.forextime.com/?partner_id=4900129 develop a sound trading strategy and go LIVE account to start making money as we do here.
Sorry some people loose money here as well.
that wasn't called for,the young guy asked a simple question and the simple answer was given by some one above.
THANK YOU.
Re: Forex Trading - Season 15 by Nobody: 10:29pm On Apr 28, 2015
micynute94:


Hmmmm.. been wondering too ...
Heard an alert some time ago n it ain't up to the TP mentioned n i heard TP hit....
I think our brokers r different, Maybe that's the reason for the discrepancy grin grin grin grin .

Hmm........ appreciated!
Re: Forex Trading - Season 15 by Nobody: 10:31pm On Apr 28, 2015
iheanyiebeneze:
You are highly welcome as a new comer. Thats 30pips and not 40pips tp.Thanks for that. I usually give exact levels of tp and sl and it has happened 99% accurate, you can check my post and confirm it with the times those post where made. AM OVER 8 YEARS OLD IN THIS FOREX TRADING and am happy with the success so far. The Take profit was at 14DMA. Insert the default 14Day Moving Average and see things for yourself. I posted it in a haste because The market started moving immediately at that level of resistance, that was why i did not post the exact levels. Meanwhile EURGBP is higher in dollar relation than EURUSD, for instance, if eu gives 10pips it will be $10 but if EG gives 10pips, it will be around $12, google and read the reason for that. I invite you to open a demo account with forextime by hitting this link http://www.forextime.com/?partner_id=4900129 develop a sound trading strategy and go LIVE account to start making money as we do here.
Sorry some people loose money here as well.

Cool!!!
Re: Forex Trading - Season 15 by frenchman2: 2:19am On Apr 29, 2015
i want to believe the S&P is heading north
went long at 2118.20
let's see how it plays out.
NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES

Re: Forex Trading - Season 15 by leopower(m): 6:54am On Apr 29, 2015
AUD/JPY is ready for up move, lets find possible entry lower time frame.

Re: Forex Trading - Season 15 by docus: 8:07am On Apr 29, 2015
nice work @ leopower

1 Like

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