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Nairaland Forum / Nairaland / General / Business / Forex Trading - Season 15 (616649 Views)
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Re: Forex Trading - Season 15 by infofirst(m): 10:51am On Jul 08, 2015 |
naijababe: Better keep it open as d difference is not much and it can be ouch if sl hit and price rush to tp |
Re: Forex Trading - Season 15 by infofirst(m): 10:55am On Jul 08, 2015 |
Shevychen2: There are indeed thousands of strategies to profit from but one is surely the best. And that one is the best does not mean every one that make use of it will get the same result as we approach each strategy with different psychology. Price action to me is either the best or close to the best considering the fact that the indicators make use of price action as well. That doesn't mean we all must use price action thou as we r not of same mindset. |
Re: Forex Trading - Season 15 by Capitals: 11:01am On Jul 08, 2015 |
Capitals: After 1wk audnzd tp in view
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Re: Forex Trading - Season 15 by seyejohn94: 11:03am On Jul 08, 2015 |
What is price action?... |
Re: Forex Trading - Season 15 by infofirst(m): 11:12am On Jul 08, 2015 |
seyejohn94: According to authorities in the industry... Price Action is the use of the natural or “raw” price movement of a market to analyze and trade ... Price Action Trading (P.A.T.) is the discipline of making all of your trading decisions from a “naked” price action chart. |
Re: Forex Trading - Season 15 by stolenstone: 11:26am On Jul 08, 2015 |
Waiting to sell GBPNZD massively, currently on the sideline waiting for critical support to be taken out! A clean top was spotted on the daily chart, and the lower time frames are aligning too. Keep a tab on that pair fellas. Another pair already on rescue mission is audnzd. It's a corellate tho'. Weldone @Capital 1 Like |
Re: Forex Trading - Season 15 by beejaay: 11:26am On Jul 08, 2015 |
seyejohn94: seriously i wanted to ask the same question...we have created definitions that are contradictory at best.....everything on a chart is historical even S/R lines so is the candle you see, same is the indicator u use if anyone really wanna look at a price alone then look no further than the BID/ASK 1 Like |
Re: Forex Trading - Season 15 by harizonal123(m): 11:27am On Jul 08, 2015 |
[quote author=naijababe post=35617760]EA and GA but doing good. Bought GU, GJ and DJIA.[/quolte] Hmmm.. GU,Gj. There r consequences for trading against d daily trend |
Re: Forex Trading - Season 15 by beejaay: 11:29am On Jul 08, 2015 |
infofirst: naked price action is nothing more than the BID/ASK on the market watch... the industry definition is nothing more than words coined by system sellers, indicator and training executives for the new people coming into the trading world....nothing more 1 Like |
Re: Forex Trading - Season 15 by rozayx5(m): 11:34am On Jul 08, 2015 |
seyejohn94: me i dont know . na withdrawal . and how to click buy and sell with stop.loss. ![]() 2 Likes |
Re: Forex Trading - Season 15 by rozayx5(m): 11:35am On Jul 08, 2015 |
beejaay: when gold wants to smash those so called supports . u go fear. gold trends heavily. candle stick patterns might roast you if you try them on gold. gold is no respecter of "pa" 1 Like |
Re: Forex Trading - Season 15 by infofirst(m): 11:36am On Jul 08, 2015 |
beejaay:Interesting... We truly understand one concept in more than a thousand ways. Bid /Ask thing is Kalo Kalo and anything entirely. Another thing about PA.... price action trading can be a smarter way to trade the markets. Of course, patience, skill and practice are essential, but once a trader gets accustomed to these, price action trading is probably the only thing they will need to trade the markets. It can be practically applied to any trading strategy, from break outs, to moving average cross-overs to oscillators. While price action might seem a bit complicated at first, with due practice it can become second nature for the trader to trade with price action. |
Re: Forex Trading - Season 15 by jorel1(m): 11:51am On Jul 08, 2015 |
GBPJPY oversold for the day and for the week.. buy signal in view,,a +100% retrace to the upside from this weeks rally still possible before friday #186.165 #184.95 |
Re: Forex Trading - Season 15 by adeyinkabasir(m): 11:51am On Jul 08, 2015 |
I think this is the Beginning of EA south Journey oooo ![]() |
Re: Forex Trading - Season 15 by Nobody: 11:53am On Jul 08, 2015 |
[quote author=harizonal123 post=35623375][/quote] Na risky buy, I do that sometimes when price has moved by 200 pips before London open. The place to be now is GA sell which has just started unlike GN & GJ |
Re: Forex Trading - Season 15 by adeyinkabasir(m): 12:01pm On Jul 08, 2015 |
As for Gold Buy a close above 1158.00 should be a safe Entry Alternatively if 1157.40 (Pivot Level) is not broken den Gold will continue its SELL from dat point down to 1144 |
Re: Forex Trading - Season 15 by endfx1(m): 12:02pm On Jul 08, 2015 |
frenchman2: Nice one boss |
Re: Forex Trading - Season 15 by Capitals: 12:19pm On Jul 08, 2015 |
Capitals: Lucky me I guess. . .
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Re: Forex Trading - Season 15 by Shevychen2: 12:23pm On Jul 08, 2015 |
adeyinkabasir: It needs to fall over 400 pips before you can actually see it as a south journey. Still well within the uptrend. Doesn't mean you can't sell as I already took 100 pips from shorting it from 4913. naijababe: Depend on your target and stop, GA may be late already. Sold it at 890 and out already. |
Re: Forex Trading - Season 15 by leopower(m): 12:26pm On Jul 08, 2015 |
Bought gbp/jpy for few pips 1 Like
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Re: Forex Trading - Season 15 by beejaay: 12:32pm On Jul 08, 2015 |
rozayx5: respect ke unless market never ready to move in that direction..... every instrument we use trade is not but speculative..first of all they are all indicators indicating where price is like to go or not go...none is beter than the other, it all depends on the user |
Re: Forex Trading - Season 15 by Nobody: 12:34pm On Jul 08, 2015 |
Shevychen2: Missed out on it as I was not at my screen at London open. Are you doing daily targets? |
Re: Forex Trading - Season 15 by Shevychen2: 12:48pm On Jul 08, 2015 |
naijababe: Yes ma. Minimum 2% per day. Of course some days end with two times that target or more to even out the days when I end at BE or a loss. |
Re: Forex Trading - Season 15 by Nobody: 12:49pm On Jul 08, 2015 |
Shevychen2: Cool, find your zone and trade within it. |
Re: Forex Trading - Season 15 by adeyinkabasir(m): 12:56pm On Jul 08, 2015 |
Shevychen2: Shevy, abeg whats ur method of Trading ooooo |
Re: Forex Trading - Season 15 by Nobody: 12:57pm On Jul 08, 2015 |
Sold GA, if the daily is anything to go by, it has turned. I expect EA to follow suit, that dark cloud cover on the 4h is not to be taken lightly. |
Re: Forex Trading - Season 15 by seyejohn94: 1:06pm On Jul 08, 2015 |
Fomc by 7pm today... |
Re: Forex Trading - Season 15 by seyejohn94: 1:09pm On Jul 08, 2015 |
Watching 1162.6 on gold 4hr for a possible by setup... |
Re: Forex Trading - Season 15 by adeyinkabasir(m): 1:52pm On Jul 08, 2015 |
hmmmm....GA and EA, na wa ooooo ![]() |
Re: Forex Trading - Season 15 by Capitals: 2:29pm On Jul 08, 2015 |
Awww, Chfjpy reversed and took me out for a loss. Its part of the strategy from the 'parable of sower', some seeds don't yield any fruits(losses)
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Re: Forex Trading - Season 15 by adeyinkabasir(m): 2:39pm On Jul 08, 2015 |
naijababe: Naijababe u sure say this EA go SELL oooo? |
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