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Forex Trading - Season 15 - Business (130) - Nairaland

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Re: Forex Trading - Season 15 by Nobody: 9:11am On Apr 29, 2015
Hahahahahaha!!! EA, I see you, nucca is a bloody tease
Re: Forex Trading - Season 15 by micynute94(m): 9:13am On Apr 29, 2015
Took two long positions on C/J... SL1; 20 pips, TP1; 20 pips.. SL2; 40 pips... same for TP......
Re: Forex Trading - Season 15 by micynute94(m): 9:15am On Apr 29, 2015
naijababe:
Hahahahahaha!!! EA, I see you, nucca is a bloody tease

Yah... been teasing me like its life depends on it...
Hmmmm.. can't wait to short it.... but seems its going up... Ama wait wait 4 it... grin grin grin
Re: Forex Trading - Season 15 by micynute94(m): 9:37am On Apr 29, 2015
Seems Euro is strengthening.... can't say if its effect z short life or not....
Gonna b watching

1 Like

Re: Forex Trading - Season 15 by Nobody: 9:48am On Apr 29, 2015
micynute94:


Yah... been teasing me like its life depends on it...
Hmmmm.. can't wait to short it.... but seems its going up... Ama wait wait 4 it... grin grin grin

That nucca is going up, check your weekly/daily chart you will see the triple bottom on it, 1407x by Friday is a real possibility.
Re: Forex Trading - Season 15 by micynute94(m): 11:06am On Apr 29, 2015
micynute94:
Took two long positions on C/J... SL1; 20 pips, TP1; 20 pips..
SL2; 40 pips... same for TP......

Was tempted to close these positions as i don't like the reversal bar i saw on the 30 mins TF. MOREOVER, its correlated pairs r saying get out 4 now..
Through with laundry only to discover there's a massive selling of Canadian dollar..Geez, after almost reaching my TP1....
Lets c how it will unfold...
Currently in the negative...
Re: Forex Trading - Season 15 by micynute94(m): 11:09am On Apr 29, 2015
naijababe:


That nucca is going up, check your weekly/daily chart you will see the triple bottom on it, 1407x by Friday is a real possibility.

Just checked it out now, will wait till 11.30 WAT to make any decision whatsoever....
Not certain of its intended direction but what i know is its gonna move in that direction dishing out MASSIVE PIPS
Re: Forex Trading - Season 15 by Nobody: 12:51pm On Apr 29, 2015
It feels like it is pointless trading currencies in any other tf other than the daily. I think I have to work on my patience and trade my two babies on the daily.

DJIA will remain on the hourly though, trading it on any other tf is akin to being suicidal
Re: Forex Trading - Season 15 by micynute94(m): 1:26pm On Apr 29, 2015
naijababe:
It feels like it is pointless trading currencies in any other tf other than the daily. I think I have to work on my patience and trade my two babies on the daily.

DJIA will remain on the hourly though, trading it on any other tf is akin to being suicidal

Hmmmm... Does that means u gonna have to increase the amount you risk to cover up since daily doesn't issue a lot of signal... ??

Ever since finishing my laundry cheesy, have been back to the drawing board, checking out my flaws, mistakes of the week, what went wrong...
Hian... twas a daunting task but well worth it.. I noticed something though, using MA crossover n S/R or with price action doesn't sit well with me cos most times, it does more damage than it help as i get analysis paralysis, esp on lower TF like 30 mins and when all the analysis does ever agree, the market would v moved a lot , more important is that they rarely agree on the same EXIT n it affects my position sizing system....

Maybe using it on higher TF might work as it will give me the luxury of time. Moreover am a kinda mobile type of guy, so i use my phone to trade n am limited to a small workstation except at night..
Think simplicity z d key jare...

If u switch to daily, ur comments will reduce sha, shey u know?? n i will miss those " Yeepa", " Dancing azonto" and other funny remarks.. grin grin grin grin
Makes trading less boring......
Re: Forex Trading - Season 15 by micynute94(m): 1:31pm On Apr 29, 2015
micynute94:


Was tempted to close these positions as i don't like the reversal bar i saw on the 30 mins TF. MOREOVER, its correlated pairs r saying get out 4 now..
Through with laundry only to discover there's a massive selling of Canadian dollar..Geez, after almost reaching my TP1....
Lets c how it will unfold...
Currently in the negative...


Closed half of the first position @ - 13 pips....
Re: Forex Trading - Season 15 by micynute94(m): 2:00pm On Apr 29, 2015
micynute94:


Was tempted to close these positions as i don't like the reversal bar i saw on the 30 mins TF. MOREOVER, its correlated pairs r saying get out 4 now..
Through with laundry only to discover there's a massive selling of Canadian dollar..Geez, after almost reaching my TP1....
Lets c how it will unfold...
Currently in the negative...


micynute94:
Closed half of the first position @ - 13 pips....

Close half of the remaining first position @ TP1....
Second position still active..... might move it to BE...
Re: Forex Trading - Season 15 by Nobody: 2:10pm On Apr 29, 2015
micynute94:


Hmmmm... Does that means u gonna have to increase the amount you risk to cover up since daily doesn't issue a lot of signal... ??

Ever since finishing my laundry cheesy, have been back to the drawing board, checking out my flaws, mistakes of the week, what went wrong...
Hian... twas a daunting task but well worth it.. I noticed something though, using MA crossover n S/R or with price action doesn't sit well with me cos most times, it does more damage than it help as i get analysis paralysis, esp on lower TF like 30 mins and when all the analysis does ever agree, the market would v moved a lot , more important is that they rarely agree on the same EXIT n it affects my position sizing system....

Maybe using it on higher TF might work as it will give me the luxury of time. Moreover am a kinda mobile type of guy, so i use my phone to trade n am limited to a small workstation except at night..
Think simplicity z d key jare...

If u switch to daily, ur comments will reduce sha, shey u know?? n i will miss those " Yeepa", " Dancing azonto" and other funny remarks.. grin grin grin grin
Makes trading less boring......

The daily tf movement on currencies is more predicatable and less volatile. For example, GJ turned bullish around 14/15 April and has done about 800 pips movement, by using the daily S/R levels, I will simply look to add to positions rather than following it up and down. Less whipsaws and less fake signals too. Just what I noticed from about 3 months of trading GJ alone, EA does not seem any different.

I will still be making noise on DJIA since I will never trade that on any tf higher than 1H grin grin grin

1 Like

Re: Forex Trading - Season 15 by frenchman2: 2:37pm On Apr 29, 2015
frenchman2:
sold oil 56.61
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

manually closed trade in negative.
licking my wound
saw the opportunity to go long at 57.20
Re: Forex Trading - Season 15 by frenchman2: 2:38pm On Apr 29, 2015
frenchman2:
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

seeing red devils on this trade. though sl yet to be hit.
Re: Forex Trading - Season 15 by Nobody: 2:43pm On Apr 29, 2015
frenchman2:


seeing red devils on this trade. though sl yet to be hit.

The US indices are playing up, DJIA carry me plenty jangirover yesterday. I am going to wait until after Fed's meeting to take a position
Re: Forex Trading - Season 15 by micynute94(m): 2:59pm On Apr 29, 2015
micynute94:




Close half of the remaining first position @ TP1....
Second position still active..... might move it to BE...

Second position closed @ TP2...... (40 pips)
Re: Forex Trading - Season 15 by micynute94(m): 3:00pm On Apr 29, 2015
On the sideline for now.
Re: Forex Trading - Season 15 by micynute94(m): 3:06pm On Apr 29, 2015
might enter with 1/3 of my trading lot on U/C short. Its past its Average Daily Range, so am a bit cautious......
Re: Forex Trading - Season 15 by Nobody: 3:13pm On Apr 29, 2015
naijababe:
It feels like it is pointless trading currencies in any other tf other than the daily. I think I have to work on my patience and trade my two babies on the daily.

DJIA will remain on the hourly though, trading it on any other tf is akin to being suicidal

I concur, ma.
https://www.nairaland.com/2231799/successful-forex-swing-trading
Re: Forex Trading - Season 15 by micynute94(m): 3:22pm On Apr 29, 2015
Took a short trade on U/C. SL N TP = 40 PIPS Might add E/C, E/A n E/N (LONG). by 15.30 WAT
Re: Forex Trading - Season 15 by micynute94(m): 3:26pm On Apr 29, 2015
Hmmmmm... Massive buying of Euro... Pairs moving like KILODE.. Should v entered jooor.. Now i hope it doesn't retrace n range its way to tomorrow like Turtle ranger grin grin grin
Re: Forex Trading - Season 15 by frenchman2: 3:28pm On Apr 29, 2015
naijababe:


The US indices are playing up, DJIA carry me plenty jangirover yesterday. I am going to wait until after Fed's meeting to take a position
so i will be licking another wound by evening.
I hope not.
I see support at 2103. I hope it's strong enough to stop it
Re: Forex Trading - Season 15 by Nobody: 3:41pm On Apr 29, 2015
micynute94:
Hmmmmm... Massive buying of Euro... Pairs moving like KILODE.. Should v entered jooor.. Now i hope it doesn't retrace n range its way to tomorrow like Turtle ranger grin grin grin

God forbid o, took a buy on EA earlier this morning at 13770 with a view to hold out for 1407x

frenchman2:

so i will be licking another wound by evening.
I hope not.
I see support at 2103. I hope it's strong enough to stop it

Hopefully. Me I dey for corner dey watch although I am rather bearish on it.
Re: Forex Trading - Season 15 by frenchman2: 3:52pm On Apr 29, 2015
frenchman2:


manually closed trade in negative.
licking my wound
saw the opportunity to go long at 57.20

sometimes it pays to babysit your trade.
closed my short and went long just at the nick of time.
Re: Forex Trading - Season 15 by jamace(m): 3:55pm On Apr 29, 2015
naijababe:
It feels like[b] it is pointless trading currencies in any other tf other than the daily[/b]. I think I have to work on my patience and trade my two babies on the daily.

DJIA will remain on the hourly though, trading it on any other tf is akin to being suicidal
If you have the patience to hold a trade for at least 2 weeks or more, sure it is.

1 Like

Re: Forex Trading - Season 15 by Nobody: 4:07pm On Apr 29, 2015
jamace:
If you have the patience to hold a trade for at least 2 weeks or more, sure it is.

On currencies, it is definitely the way to go. My test case is in progress sef! EA +90 pips. Moved to BE, holding out for my first 800 pips grin

2 Likes

Re: Forex Trading - Season 15 by Nobody: 4:14pm On Apr 29, 2015
frenchman2:


sometimes it pays to babysit your trade.
closed my short and went long just at the nick of time.

You may want to check your S&P long, the DAX has lost 300 pts today, the Mib down by 400+ even the snaily CAC 40 down vy over 90 points. The S&P could go down by up to 50 pts today. I am hoping the DJIA will pour down as much as 700 between today and tomorrow.
Re: Forex Trading - Season 15 by Theyjih: 4:17pm On Apr 29, 2015
jamace:
If you have the patience to hold a trade for at least 2 weeks or more, sure it is.
can't agree more , as long as eyes are on levels, na to add join , its easier said than done though .. its been a minute where u enter go... i salute oluomo orange seller 1 of FTA ... good to see y'all
Re: Forex Trading - Season 15 by Nobody: 4:21pm On Apr 29, 2015
Theyjih:

can't agree more , as long as eyes are on levels, na to add join , its easier said than done though .. its been a minute where u enter go... i salute[b] oluomo orange seller 1 of FTA .[/b].. good to see y'all

The orange sef dey salute o
Re: Forex Trading - Season 15 by micynute94(m): 4:37pm On Apr 29, 2015
micynute94:
Took a short trade on U/C. SL N TP = 40 PIPS
Might add E/C, E/A n E/N (LONG). by 15.30 WAT

U/C still doing SHOKI O SHOKI.. grin grin

Took a position on E/N with 1/3 of my trading lot... SL was 40 pips while TP was 30.... @ 16.01 WAT.... Target already hit when i checked ma chart recently .... grin grin grin
Re: Forex Trading - Season 15 by Nobody: 4:38pm On Apr 29, 2015
.
Re: Forex Trading - Season 15 by micynute94(m): 4:42pm On Apr 29, 2015
naijababe:


On currencies, it is definitely the way to go. My test case is in progress sef! EA +90 pips. Moved to BE, holding out for my first 800 pips grin

Me sef go follow u join.. grin grin grin
Seems the 4 hour oracle is agreeing with ur bullish sentiment n my system sef jolly follow u..... grin grin grin

No b only u go enjoy this nucca jare grin

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