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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 20 (560236 Views)
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Re: Forex Trade Alerts: Season 20 by Impenia: 8:38am On Feb 19, 2020 |
Skanas:Difficult to predict what MMs will do with any level of certainty. A general rule of thumb for me is - if I see a double top/bottom and I expect price to reverse, but then price refuses to make any decent pullback but rather goes back to make a 3rd or more retest on the same level, then I become alert of a potential break (stop hunt). Doesn't always work, but it saves me a lot. In this case of your screenshot, EG is just making a double bottom, so it's fair to expect a W Bounce. However, if you see price coming back to the level again, then you probably need to become defensive of your position. 1 Like |
Re: Forex Trade Alerts: Season 20 by Skanas(m): 8:42am On Feb 19, 2020 |
Impenia:Thanks Brotherly....I appreciate |
Re: Forex Trade Alerts: Season 20 by Impenia: 8:46am On Feb 19, 2020 |
Skanas:I get to miss a number of trades with that outlook but that's a tradeoff I'm willing to make. 2 Likes |
Re: Forex Trade Alerts: Season 20 by Nobody: 9:20am On Feb 19, 2020 |
AUDJPY.. Maybe we will get a sell here. You can see the rejections as highlighted with the red arrows. If we get enough rejections with the blue arrow, then its gonna sell like mama Nkechi's hot rice and beans..lol Any how, good luck to us. 1 Like
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Re: Forex Trade Alerts: Season 20 by signalsmedia: 9:28am On Feb 19, 2020 |
is it true that setups that are very obvious fail most of the times? |
Re: Forex Trade Alerts: Season 20 by Nobody: 9:33am On Feb 19, 2020 |
EURNZD.. If we get enough support at the area the red arrow is pointing towards, price should should upwards. Good luck. 1 Like
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Re: Forex Trade Alerts: Season 20 by Impenia: 9:34am On Feb 19, 2020 |
Impenia:Indeed! Just as we suspected. Equal highs/lows usually have a lot of liquidity above/below them. MMs know the retail universe like to sell/buy from those levels, so they go hunting for liquidity (retail SLs). Don't take my word for it, I'm just guessing.
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Re: Forex Trade Alerts: Season 20 by Nobody: 9:35am On Feb 19, 2020 |
USDSGD.. Guys remember this, I posted it on page 125. Very slow pair but I think the rejecting is building up.
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Re: Forex Trade Alerts: Season 20 by saxy4c(m): 9:36am On Feb 19, 2020 |
Gbpnzd buy@2.03231 Tp 2.04000 Sl 2.02800 |
Re: Forex Trade Alerts: Season 20 by signalsmedia: 9:37am On Feb 19, 2020 |
PIPnator10:nice. I checked weekly chart, its like pice is resting on strong support |
Re: Forex Trade Alerts: Season 20 by signalsmedia: 9:38am On Feb 19, 2020 |
signalsmedia:bosses pls thow more light on this |
Re: Forex Trade Alerts: Season 20 by Impenia: 9:40am On Feb 19, 2020 |
I will attempt to short Gold if it gets to 1613. That's around 20 pips above the 1610 high. Most folks will try to short exactly at the 1610 level, so I expect a bit of a push higher for Stop Hunt first. Also that price level is just around today's ADR High and this week's AWR High. The market has no regards for my analysis. It could turn before getting there or even blow past it like a rocket. Proper MM is key. |
Re: Forex Trade Alerts: Season 20 by Nobody: 9:43am On Feb 19, 2020 |
signalsmedia: Can you post a chart to it so I can understand better make i no go burn my hand with the sell! |
Re: Forex Trade Alerts: Season 20 by Impenia: 9:49am On Feb 19, 2020 |
I'm taking a bet here on EURCAD. Seeing a potential Rail Road Track right at the 1.43 psychological handle.
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Re: Forex Trade Alerts: Season 20 by signalsmedia: 9:50am On Feb 19, 2020 |
PIPnator10:am finding it hard to drop chatt because of my phone. but put two horizontal line on 94.00 and 92.50, then switch to weekly TF you will see it. |
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 9:58am On Feb 19, 2020 |
EURAUD BUYING 6130 SL 6100 TP 6200 |
Re: Forex Trade Alerts: Season 20 by Nobody: 9:58am On Feb 19, 2020 |
signalsmedia: Horizontal line at 74.00/72.00 or 94.00/92.00? Well I will stick to my analysis for now. The condition says if we get rejection along the descending trendline, then its a sell but if not, bias might change. |
Re: Forex Trade Alerts: Season 20 by signalsmedia: 10:05am On Feb 19, 2020 |
PIPnator10:74-72 I mean 1 Like |
Re: Forex Trade Alerts: Season 20 by infofirst(m): 10:17am On Feb 19, 2020 |
Impenia: Price shy of the 1610. Patiently waiting. Factual fact stated 1 Like |
Re: Forex Trade Alerts: Season 20 by infofirst(m): 10:19am On Feb 19, 2020 |
saxy4c: I actually bought this but close it. Been buying euro but not comfortable with the daily candle for EA yesterday. More pips to us |
Re: Forex Trade Alerts: Season 20 by Nobody: 10:19am On Feb 19, 2020 |
signalsmedia: The descending trendline got broken now but I still hold a strong sell bias until the levels of the other rejections get broken. I will consider buying if we get a breakout of the resistance around 74.340 Good luck to us. |
Re: Forex Trade Alerts: Season 20 by infofirst(m): 10:20am On Feb 19, 2020 |
Impenia: My oil bullish bias will not want me to trade against cad yet. Ucad sell and waiting still on ecad. |
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 10:29am On Feb 19, 2020 |
SL hit -1R Enter again buys Gbpnzd buy@2.02450 Tp 2.04000 Sl 2.02000 saxy4c: |
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 10:36am On Feb 19, 2020 |
Buying NZDUSD 6405 SL 6370 TP OPEN |
Re: Forex Trade Alerts: Season 20 by currentprice: 10:43am On Feb 19, 2020 |
Blackeurop: are we there yet? just carry my kaya comot , will comeback to mkt by 4.30 after inventories data release ![]() ![]() ![]() ![]() 2 Likes
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Re: Forex Trade Alerts: Season 20 by saxy4c(m): 10:57am On Feb 19, 2020 |
They want us to miss the EUR reversal, as far as I can suspect, EU is gradually printing its lows. infofirst: |
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 11:03am On Feb 19, 2020 |
Reentry trade up 85pips 3R loss recovered. CPI came out as expected, that's why my GBP buys across board. ![]() saxy4c:
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Re: Forex Trade Alerts: Season 20 by saxy4c(m): 11:07am On Feb 19, 2020 |
Both GBPJPY up 155pips 6R Both GU up 50pips 2R saxy4c: |
Re: Forex Trade Alerts: Season 20 by infofirst(m): 11:15am On Feb 19, 2020 |
saxy4c: Na you dey stop my GBP out at BE Shey.. Saw my GA and others wiped out profit. Bull and bear will eat thou. |
Re: Forex Trade Alerts: Season 20 by infofirst(m): 11:15am On Feb 19, 2020 |
saxy4c: Yeah. |
Re: Forex Trade Alerts: Season 20 by Blackeurop: 11:17am On Feb 19, 2020 |
currentprice: where you dey go? Enjoying the market, trading today mostly I get involved by U.S. open, my juniors handling things, I'm stressed from 4 hours daily sleeping, taking a proper rest as doctor said. Making money trading is not that easy, don't think I made it so easy, I sacrificed my sleeping hours for this. |
Re: Forex Trade Alerts: Season 20 by infofirst(m): 11:17am On Feb 19, 2020 |
currentprice: I introduced stop at +2pips |
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