Possible CHFJPY SHORT trade setup..

_{IMPORTANT: The setups posted here are not trade calls and are intended for informative purpose only and you should use your own strategy to determine an entry}

shalom123:
also sold gbpjpy now with 25pips stop and TP @ 153.46. check my signature.
hahaha...just tried it again and it worked seems it was network. already sold audjpy @78.88 and stop is 15pips TP @ 78.45. check my signature.

both trades hit stop,loss of 40pips...going back to chart. might have missed something. no comment for the guy above me because there is something fishy but my rules doesn't allow me,reserved for weekend.

seems i wasn't careful enough taking up those analysis...was seeing things upside down. just triggered a buy on gj till the NORM and every other steps of trade is in chart, this is gbpjpy. this will be the first time something like this happen maybe it won't happen again. i said maybe sha.

gbpaud analysis still valid after careful cross check...audjpy removed from the pics,left with gbpaud and gbpjp to scalp. i need help from scalpers,which pairs move good enough to produce nice pips within a few hours with low pips spread also. my first time walking this road (scalping actually). where my guy.
just viewed gbpjpy now and its doing well,sorry for the previous mistake. make i go sleep jare.

[quote author=Zionplace post=45443896]Seun, ban this forex promotion on Nairaland. Frankly speaking, I have been doing fx since 2009
. Too many noise here but nothing to show for it. I have posted many times about not making it a business I can live on, though I find it easy to fund my account with foreign currency cos that is what I earn from my major work.
. Price movement is harmonic, it can be termed a chaotic pattern (Engineering term) which explains forex is all about what goes round comes round. It has its ways of getting the profit and your capital back from you which leaves you to either get frustrated or fund more.
. There are 3 definite general views of price movement for a particular or specific time frame: upward, sideways and downward. A trader is left to ONLY one of them as he/she cannot be in two positions same time. This gets the trader exposed to 1 out of 3 chances of winning (probability is 1/3) or outcome is 33.33%. Fine I believe he can move to lower timeframe to trade the sideways trend that occurs on higher time frame, but again on the lower time frame will be exposed to the same 1 out of 3 chances of winning.
. Seun, majority of the people here are immature and I have reported many of them to you which you might have seen.

Your frustration in this venture is quite understandable but i think calling people here immature is confirmation that you are great ignoramus.

Question:What would be the most important advice you could give to the layman? Answer: One of the allures of this business is that sometimes the greatest ignoramus can do very well. That is unfortunate because it creates the impression that you don't necessarily need any professionalism to do well, and that is a great trap. So the major advice I would give anybody is: Recognize that this is a very competitive business, and that when you decide to buy or sell a stock, you are competing with people who have devoted a good portion of their lives to this same endeavor. In many instances, these professionals are on the opposite side of your trades and, on balance, they are going

to beat you.


Question by :Jack Swagger
Answer by:Michael Steinhardt-The Concept of Variant Perception

shalom123:
Alright its about market open time...my plan for this week and the next 3-5 weeks will be scalping until my long positions either hit TP or very positive. will enter any longer positions if i see any like the gbpusd. Meanwhile,back on still the 3 scalping pairs are : audjpy,gbpaud and gbpjpy. time frame will be from 30mins to 1mins chart. please check my signature,thank you.

I don't think i will be going in line with these statement about the scalping part,will gladly continue swing trading.will need to observe how price works with my laws of NORM in the lower time frame but right now it isn't going as planned. Thank you

my trades and entries...look for opportunity to buy eurjpy today or now,you won't regret this i think but trade taken from weekly tf. see first chart below.
for gbpusd updated chart...this is the updated chart while today's candle might be a pullback but we are going to the NORM level which is 1.4379 or 1.4262 watch what price does at this level and trade respectively and responsibly.see second chart below.
for audusd,price already came close to the NORM. can't really say if price is satisfied but a close above the upper JLINE 0.7381 on the 4 hr candle will necessitate a buy as shown in the chart. see third chart below.
for gbpaud,the sell is already triggered. the destination is specified on the chart. see chart 4

lastly for gbpjpy,buy already activated and direction already speculated in chart.
PLEASE CHECK MY SIGNATURE.

Am I sure it's not one of those ranting about banning Forex sections on Nairaland created this on Wikipedia?

https://en.m.wikipedia.org/wiki/Foreign_exchange_fraud

haha, forex don show my fiffle feffe, if u no know how to trade, na must sey u must trade. abeg carry ur frustration commot jare...

REALITY OF FOREX TRADING #SUCCESS

Good morning Pip Killaz,

It's another beautiful week, I believe the market is looking at us and saying: "Grrrrrrrrrr..... You wish it's gonna be beautiful, bring it on sonny"...

It's all good, I know we would all smile at the end of the week if we keep to our rules, if by any chance we don't, we will learn from our mistakes to become better traders

Just before I start my analysis for the week, I just want to drop a Chinese proverb... I luv their culture and I luv their code. It breaths FAITH and WISDOM... in any case, enjoy and do have a blessed week

Zionplace:
Seun, ban this forex promotion on Nairaland. Frankly speaking, I have been doing fx since 2009
. Too many noise here but nothing to show for it. I have posted many times about not making it a business I can live on, though I find it easy to fund my account with foreign currency cos that is what I earn from my major work.
. Price movement is harmonic, it can be termed a chaotic pattern (Engineering term) which explains forex is all about what goes round comes round. It has its ways of getting the profit and your capital back from you which leaves you to either get frustrated or fund more.
. There are 3 definite general views of price movement for a particular or specific time frame: upward, sideways and downward. A trader is left to ONLY one of them as he/she cannot be in two positions same time. This gets the trader exposed to 1 out of 3 chances of winning (probability is 1/3) or outcome is 33.33%. Fine I believe he can move to lower timeframe to trade the sideways trend that occurs on higher time frame, but again on the lower time frame will be exposed to the same 1 out of 3 chances of winning.
. Seun, majority of the people here are immature and I have reported many of them to you which you might have seen.


Forex promotion on nairaland should be banned.............I stand on this

You sound very frustrated
So you have been funding your account for the past seven years and you keep blowing them
I don't even think you are an engineer because you don't sound smart

It not compulsory every body must make it in Forex, if u can't learn the ropes then quit

Yeah,

Its NZD/JPYs, lets dance with the market.

Happy Slashing

I really used to have respect for this Zion guy..

I had to go back and read his previous post to see if he was actually the same person

U fall my hand sha
Anyways shit happens

PIPsharingan:
Yeah,
Its NZD/JPYs, lets dance with the market.
Happy Slashing

PIPsharingan San... You entered a buy here?

mrikay:


PIPsharingan San... You entered a buy here?

Good Morning Boss Mrikay,

Its a sell Boss

Happy Slashing

PIPsharingan:


Good Morning Boss Mrikay,

Its a sell Boss

Happy Slashing

A buy seems better... It is around its support... Seems to have broken above its channel... Or you could rather wait to confirm what direction it is going

mrikay:


A buy seems better... It is around its support... Seems to have broken above its channel... Or you could rather wait to confirm what direction it is going

We both could be right boss,

I am probably capitalising on a slight retracement going by your analysis.

By my analysis I see a trend which is also a retracement of your analysis .

which ever way it goes, money management is KEY

Happy Slashing

sweetmaris:
I really used to have respect for this Zion guy..

I had to go back and read his previous post to see if he was actually the same person

U fall my hand sha
Anyways shit happens

me too surprise. i had to look at the moniker many times . surprise is an understatement, am shock

To all that have quoted me: keep confusing your career and alongside hold innocent traders along to your downfall, who your alert don epp here. have you even helped yourself. what is your monthly income or profit on fx. continue to deceive your inner man.

Forex is sweet, i still trade it, that I fund it again and again is not your business but your sickness. So far I keep having the money to do it, keep ranting your ass out. most of you guys here need to open your eyes.

Many of you know how you that quoted me know how you gather your capital in bits and at the end, what does the capital amount to (grow and learn). If you continue like this, can you feed yourself not to talk about your family if any, now or in the future.

Try quote me again and realise the time I have for you
Mind you, I still trade fx and make cool capital, but not what I can boast of because with huge capital, you still have to earn in bits that at the end you may have a cumulative sum of the loss and profits.

@zionplace you sound paradoxical. You can be likened to someone who knows that there are 10 hungry lions surrounded by $10m but you still went ahead to enter the lions den without skills or weapons in your hands, not minding the death risk which is highly risky; and,then, you are discouraging people from trying their skills to layhold on the $10m. You sound mischievous

@zionplace you sound paradoxical. You can be likened to someone who knows that there are 10 hungry lions surrounded by $10m but you still went ahead to enter the lions den without skills or weapons in your hands, not minding the death risk which is highly risky; and,then, you are discouraging people from trying their skills to layhold on the $10m.

Zionplace:
To all that have quoted me: keep confusing your career and alongside hold innocent traders along to your downfall, who your alert don epp here. have you even helped yourself. what is your monthly income or profit on fx. continue to deceive your inner man.

Forex is sweet, i still trade it, that I fund it again and again is not your business but your sickness. So far I keep having the money to do it, keep ranting your ass out. most of you guys here need to open your eyes.

Many of you that quoted me know how you gather your capital in bits and at the end, what does the capital amount to (grow and learn). If you continue like this, can you feed yourself not to talk about your family if any, now or in the future.

Try quote me again and realise the time I have for you
Mind you, I still trade fx and make cool profit, but not what I can boast of because with huge capital, you still have to earn in bits that at the end you may have a cumulative sum of the loss and profits.

You are just a slowpunk reject,
If you are losing in forex back to back for more than 5 years, the grey matter in your head didn't tell you that you need to switch?
You come here ranting, that you speak the truth but the real sense is that you are just wanting acceptance on your losing career,
Your greed is what put you in a position of losing, more than 5 years I no joke, it means you probably have seen all market moves and price pattern and still yet you lose because you refuse to learn from you mistakes and keep making the same mistake all over again and again and again.
And you come here to brag about your constant funding of you account and throw slanders in this room at will.
No one is deceiving anybody here, forex comes with a risk and it's all written in the fine prints on any broker.
Stay away from forex and here in general.
Don't spread you negative energy here.
If you need weekly statement on how real traders make money I can get you my own and that of other good nigeria traders that a principled enough to be able to distinguish between losing and winning. Not that you deserve it, you are no longer a trader to reckon with, you are just someone holding on to the last lifeline and looking for a way out. With you level of experience, you still can't distinguish between right and wrong. Darn it, you are one of those punks that relay basically on fancy indicators and your root in forex wasn't well grounds as you choose not the discipline yourself first.
Just one piece of advise for you young lad.

"If you can't do the time
Don't do the crime"

Regards,
EF

Hello pips,

First loss for the week..I manually closed the trade after I noticed my channel was broken.. - 27 pips and - 0.5% of my account gone up in smoke..

I am on a second trade (GBP/CHFs), let's see how this one goes.

Happy slashing

Zionplace:
Like I earlier said, I make profits and make losses, same as all traders, professionals included and still in the business. But I say, the monthly cumulative profit will tell if you can achieve your basic living expenses from it without any external or additional source of income. truth is hard to hear, I know you want to be lazy

Trading forex does not tag on lazy,
It's just your black mentality that refuse to the break the bonds of slavery.
I broke mine a long time ago.
In life there is basically to two choices, working smart or working hard. Either way you win, but should I tag you lazy because you refuse to distinguish yourself from the crowd or your fear to engage yourself intellectually?
Monthly profit is enough to pay up bill and still have fund for a lucrative lifestyle but only if you break those chains.
For the rec, I have been living on forex from January and I'm still waxing strong.
The problem with you is that, you got so many problems, forex can't solve any for you Atleast not at this time. If you start trading just to pay bills you will lose. Because there would be too much at stake and that enough clouds your judgement.
Don't come here judging people that they a lazy because they trade forex, so george soros, warren buffet, tim sykes and the rest are lazy people too. Darn it! Get your facts straight boy, and stop poaching the wrong side.

Regards,
EF