Dwayne22:

I was making use of the daily time frame. I waited for the break out before I could execute the trade but unfortunately things ar aren't looking good enough. I don't know if I should still hold on

Clearly from the way you speaking i think you didn't plan this trade and just entered it. i would suggest you close it and go back to demo and backtest and get yourself a trading plan if not you will keeping asking more of this question and will definitely lose more money.

Expecting a short continuation on usdchf D1

saxy4c:
Guy wakeup!!! Why you no add my type of category wey dey find bank to hit?? Only if I can get the amount they charge on transactions for a week on transactions, I don set be that oh

abi na

2nd entry up 115pips 6R. First entry up 50pips.

saxy4c:
Adding another sell at 9210 with same SL at 20pips. Stayed up for Aud news. Rates are good!

Eurnzd sell 1.6813
Sl 1.6890
Tp 1.6700

Today ecb interest rate decision data in about 2hrs. Kindly ensure to use SL for euro trades. EURUSD, important point 1.1060-50.

Dwayne22:
Guys should I still hold on to this or bear my lost and move on?

If you took the trade based on the Daily T/F then your call is valid from my point of view let it run. just ensure your S/L is around 1.2925.

Closed Gold Sell at 1553 for 90pips.
Buying Gold again at 1553 SL 1545 TP 1570[
If break of 15M clutter, trend should most likely continue.

saxy4c:
Closed Gold at 1562 with 100pips. Selling 1562 SL 1572 TP 1551

saxy4c:
Now is a good time to enter buy USDCHF @ 9675 for the retest of the broken trendline.

Cool bro'
I see what you mean.

I'm actually on the sideline on that pair for now.
You can see area I highlighted in blue.
What happens around there will determine what I do next.

*I tell you, any pair with CHF is the most confusing pair to trade.
It gives both sell and buy signal all at once!

Gold trade up 45 pips, let's aim higher.

saxy4c:
Closed Gold Sell at 1553 for 90pips.
Buying Gold again at 1553 SL 1545 TP 1570[
If break of 15M clutter, trend should most likely continue.

Trade up 60pips. ECB rates unchanged not much impact on the markets.

saxy4c:
Eurnzd sell 1.6813
Sl 1.6890
Tp 1.6700

Today ecb interest rate decision data in about 2hrs. Kindly ensure to use SL for euro trades. EURUSD, important point 1.1060-50.

Paying off slowly. Trade up 15pips, let's hope something gives it some speed. Lines are very important in trading. They simplify the data of our natural human reaction at certain psychological levels. Rinse Repeat.

saxy4c:
Been waiting for NZDUSD at this level. Buying 6590 SL 6570 TP 6700 [I'm glad its Thursday ]

Good reaction off that level, trade up 36pips almost 2R.

saxy4c:
Audusd buy 6842 sl 6822 tp open

EURUSD..
Head and shoulder pattern?
break out around the blue arrow like?
A break out and retest wouldnt be bad if it happens.


@Saxy4c ..If we get a clear break out on EURSUD and price stays on top of the blue highlight on that USDCHF chart I posted earlier, I might consider buying it.

Market is just a waiting game. EURUSD has now dropped 30pips to my point of interest.
Buying EURUSD 1.1060 SL 1.1030 TP 1.1180 looking for 5R on this @PIPnator10 I'm in buy already, I like to strike while it's hot so I'm in less stress when others are going for the cold part.
Won't be surprised USDCHF and EU move in same direction these days.

saxy4c:
Eurnzd sell 1.6813
Sl 1.6890
Tp 1.6700

Today ecb interest rate decision data in about 2hrs. Kindly ensure to use SL for euro trades. EURUSD, important point 1.1060-50.

If you missed this first Sell you can renter here at 109.55 with 10pips SL [as that was a strong support now broken]and aiming for 100pips.Its a good risk worth taking.

saxy4c:
USDJPY is giving another sell opportunity at 110 SL 110.40 TP 5R

I'm in buy with some confidence because JPY is showing me a clearer picture of the USD weakness than the CHF which I've been screaming is doing ojoro. @PipMarshall come and draw chart na?

PIPnator10:
EURUSD..
Head and shoulder pattern?break out around the blue arrow like?A break out and retest wouldnt be bad if it happens.@Saxy4c ..If we get a clear break out on EURSUD and price stays on top of the blue highlight on that USDCHF chart I posted earlier, I might consider buying it.

saxy4c:
Gold trade up 45 pips, let's aim higher.

Good job boss mi I hope those coming here to rubbish your good works are busy taking these calls

GBPCAD a good sell at 7273 for an expected HS. SL 50pips, expecting 6R on this.

Ah the trade has left 45pips and is 110pips profit oh. They are only carriers of bad news my dear, I'm sure they have looked tire and seen nothing to cry about especially as the trailer they sent failed brake
Don't worry, they would soo. resolve to join in ghostly enjoying the profits, soon it would be back to back profits In Sha Allah. Thanks so much Ma.

Ummuaisha:
Good job boss mi I hope those coming here to rubbish your good works are busy taking these calls

saxy4c:
I'm in buy with some confidence because JPY is showing me a clearer picture of the USD weakness than the CHF which I've been screaming is doing ojoro. @PipMarshall come and draw chart na?

Infact correlation atimes ehn... Each pair traded independently is better.

Sir if you're interested in joining the JPY down forecast, I could do charts on how we can reenter any pairs you are interested in with minimal risks.
You guys have been doing a great work to have been in the game all this while, we can all do greater together.

saxy4c:
Thanks bro, glad you benefited something. I see JPY pairs all going down for now especially if USDJPY goes below 109. Then it'd start to rain those birds from heaven that fed the prophet and his people in the Holy book .

For now that has been working for me, it's like @PipMarshall has travelled tonstart work with MT4 and is doing some wuru wuru things for us, maybe that's also why I've not chopped ban in a almost 2 weeks now oh, oya I've looked for trouble

infofirst:
Infact correlation atimes ehn... Each pair traded independently is better.

saxy4c:
For now that has been working for me, it's like @PipMarshall has travelled tonstart work with MT4 and is doing some wuru wuru things for us, maybe that's also why I've not chopped ban in a almost 2 weeks now oh, oya I've looked for trouble

I am curious as to the strategy you used on gold, as the sell and buy were both correct. made some profits off them

I'm adding another buy to EURUSD at 1.1039 SL for both is 10pips below here at 1.1029

saxy4c:
Market is just a waiting game. EURUSD has now dropped 30pips to my point of interest.
Buying EURUSD 1.1060 SL 1.1030 TP 1.1180 looking for 5R on this.

saxy4c:
I'm adding another buy to EURUSD at 1.1039 SL for both is 10pips below here at 1.1029

Saxy4c
Relax small this EUR/USD still dey fall ooo
Perhaps you wait till tomorrow if you insist on buying I believe it will retrace tommorow or late night, but on long term it seems to have break out downward.

Thank you for this, I'm encouraged to share more even if only you gains something.
Go to October 2010 to 2012 and see how price reacted around this level we are in now, that helps me to get my strong levels, of which I mostly buy above and sell below. Origin of the 2 horizontal levels. That's always the first thing I do on any market, check how investors behaved in the past, most times they repeat same behaviour traits.
Then there is a clear triangle on the daily, so I simply sell on the top and buy at the bottom looking for at least 100pips on each trade as the triangle squeezes to breakout.
I keep my buys longer because I suspect price should break higher soon, as it has refused to go below the important level of 1540 for almost 10 trading days now and USDJPY is showing some weakness of the USD,[coincidence the weakness is happening just when GOLD wants to explode?]. We are on the 5th touch of the triangle now so it should most likely break and take us up above 1580-90 levels [I didnt get these levels randomly, look at what happened 05.04.2013, the next resistance after this level was 1581, then 2days after 1590 rejected price downwards.]
Gold respects technicals a lot but an added advantage to fine tune your entry and exits is by understanding the market sentiments of the commodity, she is a very emotional lady but also quite brutal . Available for further enquiries like my plan if this buy plan is negated. Always battle ready.

sconp:
I am curious as to the strategy you used on gold, as the sell and buy were both correct. made some profits off them

why wait for then when I can risk 3% of account with 10pips and wake up to like 15% growth tomorrow? It's either there is a diverging way I draw my lines[which works highly for me] or you guys are seeing break outs the way the Market Makers [the ogas that pay me],want you to see it. Remember how USDCHF showed BO to many then swallowed with over 100pips. @infofirst made a valid observation but the market is always subjective.
All I see here is a perfect bounce of EU from a strong TL. And I'd take advantage of it for as much as it can give me. Trade is up 10pips already 1R

AK284:
Saxy4c
Relax small this EUR/USD still dey fall ooo
Perhaps you wait till tomorrow if you insist on buying I believe it will retrace tommorow or late night, but on long term it seems to have break out downward.

Another thing, God created us all lovely but you have created a very ugly chart . I can't do any proper analysis with all you have going on there. A sincere advice is that you get another window with just plain candles. That way you can draw a more proper TL.
Also you are ignoring the spikes in your charting, big mistake I had to unlearn from my earlier teachers. Include the most recent spikes especially on higher TF, you'd begin to catch a lot more of their mago mago.

AK284:
break out downward.

Guys I think EURCHF has reached that time to buy.
Taking a shot at 1.0708 SL 1.0675 TP is very open for now. This looks irresponsible as I'm buying both EU and UCHF, but one is already in good profits and only one other trade can go to loss. Good odds for me.

AyoII:

Exactly.... My Outlook, A pinbar rejection of the key level... will siganal something special else it will be time to chill and wait on how things unfold

saxy4c:
Another thing, God created us all lovely but you have created a very ugly chart . I can't do any proper analysis with all you have going on there. A sincere advice is that you get another window with just plain candles. That way you can draw a more proper TL.
Also you are ignoring the spikes in your charting, big mistake I had to unlearn from my earlier teachers. Include the most recent spikes especially on higher TF, you'd begin to catch a lot more of their mago mago.

For very Good trader, I think the most important thing is your own view, opinion, analysis and judgment of the market.10 traders may see same chart and come up with 10 different opinions or ideas, I understand if your see my chart as ugly,it not drawn to impress anyone anyway so no offense taken but surely I am well learned in trend and technical analysis and i trust my own judgement on that.
It seems you're a scalper, anyway inasmuch you making profit from your analysis, people's opinions doesn't matter.

I'm glad you got the joke bro, always stick to what works for you, chikena!! But I'm not a scalper oh, that's @blackeuropean,I just trade opportunities I see,I'm most concerned about my risk the rest works on their own [I don't know what classification of trader that is]

AK284:

It seems you're a scalper, anyway inasmuch you making profit from your analysis, people's opinions doesn't matter.