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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 20 (544951 Views)
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Re: Forex Trade Alerts: Season 20 by Gasive: 11:37am On May 08, 2020 |
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 11:38am On May 08, 2020 |
Sounds more like you're hoping that it's a DB [I also do that hence why I don't really wait for confirmation to buy or sell at certain levels]. But see how price inflected about 100pips up from the first touch of the DB and came back to retest and didn't have the momentum to push up again. It means that demand zone is weak and price would go lower to look for the men with bigger money at lower price levels. I also use equidistant channels a lot as I explain in the group. It's a stress free way ride a wave in the direction of the trend. Look at the HTF, its predominantly selling right? So what I would be looking for is to sell at every touch of the UTL of the channel. See how the Red channel broke to the downside and now is forming another wave to ride downwards in the Black Equidistant channel? Lazy man's way to trade, but I no like stress. I'm also using this as a hedge for the Cable buy trade. One has to achieve targets. Donvic4u: 2 Likes
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Re: Forex Trade Alerts: Season 20 by saxy4c(m): 11:47am On May 08, 2020 |
Buying UsdCad 3945 Tp 4105 Sl 3905 Now this chart looks like a confirmed double bottom to me. Staying well above the double bottom level and rejecting all attempts to go back to sell, so I looked for a buy opportunity.
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Re: Forex Trade Alerts: Season 20 by Gasive: 12:05pm On May 08, 2020 |
XauUsd. Sell - 1720. Sl - 1728 TP - 1700.
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Re: Forex Trade Alerts: Season 20 by Gasive: 12:10pm On May 08, 2020 |
saxy4c: I'm waiting for a break above the red line before buying.
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Re: Forex Trade Alerts: Season 20 by saxy4c(m): 12:20pm On May 08, 2020 |
This trade is up nicely with 360pips, would be very nice, if it could just get to my 1750 targets but NFP is on the way and it would be foolish not to secure some profits, so I'm moving my profit loss to secure about 200pips [that's how I gamble when in profits. As long as holding abv 1707, we may see another attempt to test the trend line resistance 1728. Only a break back below 1707 will be the first signs that a part of the short term top has been formed at 1722. Personally I'm not bearish although the final bearish count has a target of 1630 while below 1730 price. Well its NFP today...everything can happen...and nothing can also happen. Technically, a clear break of 1730 will open 1745-47 next then 1756 and 1768 thereafter....be careful and trade flexibly. Don't marry your trade and say we are in this till the end, na account grave yard be that oh. saxy4c:
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Re: Forex Trade Alerts: Season 20 by Nobody: 12:46pm On May 08, 2020 |
Richsteemit: Use lot size 1 if you want 10 pips to give you $1 |
Re: Forex Trade Alerts: Season 20 by Felincous(m): 1:02pm On May 08, 2020 |
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Re: Forex Trade Alerts: Season 20 by Richsteemit: 1:08pm On May 08, 2020 |
walexy100: Ok thanks bro |
Re: Forex Trade Alerts: Season 20 by Gasive: 1:42pm On May 08, 2020 |
Gasive: Sometimes I wonder what the market gain in doing this. Seems my SL was too tight. I'm buying again.
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Re: Forex Trade Alerts: Season 20 by harizonal123(m): 2:11pm On May 08, 2020 |
Gasive:Why do people trade against the trend. You will struggle for many years without consistent progress if u keep doing this |
Re: Forex Trade Alerts: Season 20 by Nobody: 2:17pm On May 08, 2020 |
harizonal123: Exception to that rule, saxy4c does well being a contrarian trader. I want to be trading that way too. 3 Likes |
Re: Forex Trade Alerts: Season 20 by Gasive: 2:44pm On May 08, 2020 |
harizonal123: Lolx... I used to think this way but wasn't profitable. I now prefer going AGAINST the trend, as u said. Let's watch the trade and see how it goes. |
Re: Forex Trade Alerts: Season 20 by harizonal123(m): 3:01pm On May 08, 2020 |
Gasive:Alright, different strokes for different folks but always remember that the trend is your friend. That is the rule that has kept me going for the past four months. I'm yet to record a negative week 2 Likes |
Re: Forex Trade Alerts: Season 20 by Bornfool(m): 3:02pm On May 08, 2020 |
Gasive: Base on my own opinion you should have been more patient for the price to react to the support before taking a buy entry. Thanks for that day |
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 3:03pm On May 08, 2020 |
I'm closing Gold buys at 1717 with 330pips and selling with stops at 1724 Tp 1650. saxy4c: |
Re: Forex Trade Alerts: Season 20 by Gasive: 3:19pm On May 08, 2020 |
harizonal123: Alright bro, but it doesn't work for me, so I'm trying a new thing. |
Re: Forex Trade Alerts: Season 20 by Gasive: 3:21pm On May 08, 2020 |
Bornfool: Seriously.. but I'm observing. |
Re: Forex Trade Alerts: Season 20 by hegelian: 3:33pm On May 08, 2020 |
harizonal123: trend is relative and that relativity negates whatever it is we call trend...a so call trend on 15min is a range on the 1hr and just 2 or 3 bars on the daily, a trend on the daily is just a range on the weekly and so on and so on..understanding this principle is the first basis to breaking the code of market structure 5 Likes |
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 3:33pm On May 08, 2020 |
EURNZD Buying 7660 SL 7630 TP 7960 |
Re: Forex Trade Alerts: Season 20 by Vandorra: 3:33pm On May 08, 2020 |
walexy100: I think I can recollect a bit about you. Ain't you that foul mouthed dude who was always cursing saxy4c like a spoilt kid some weeks ago? Or am I mixing you up with some one else? Are you or are you not? 3 Likes |
Re: Forex Trade Alerts: Season 20 by Gasive: 3:38pm On May 08, 2020 |
hegelian: Exactly bro, you got it. Trend is dependent on the time frame you trade. |
Re: Forex Trade Alerts: Season 20 by Nobody: 3:55pm On May 08, 2020 |
Vandorra: It's obvious you are mad, keep dwelling on the past and not move on. fool |
Re: Forex Trade Alerts: Season 20 by Donvic4u(m): 4:01pm On May 08, 2020 |
walexy100: A leopard never changes his...... 1 Like |
Re: Forex Trade Alerts: Season 20 by Vandorra: 4:02pm On May 08, 2020 |
walexy100: So you are the guy, your response alone...na fire....lolll Loll. Thought you had out grown the act of insulting people who don't insult you . Na wa ooo See what glo 200naira campus data booster dey cause. Channel this same energy into positive usage in your life, trust me, you will be amazed at how quickly things will look up for you. Cheers kiddo 2 Likes |
Re: Forex Trade Alerts: Season 20 by Vandorra: 4:03pm On May 08, 2020 |
Re: Forex Trade Alerts: Season 20 by Nobody: 4:03pm On May 08, 2020 |
Donvic4u: Do not cross the leopard, or get consumed. |
Re: Forex Trade Alerts: Season 20 by yawehoverall: 4:05pm On May 08, 2020 |
Wow I stumbled on this thread through Google , am a wanna be forex trader, pls my experts here, where can I start from? How is it like and what are the nitty gritty of forex trading Thanks |
Re: Forex Trade Alerts: Season 20 by Donvic4u(m): 4:06pm On May 08, 2020 |
walexy100: Lol...put on Ur glasses and look very well... Can u see me well? Alright, then behave like somebody dah has sense |
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 4:12pm On May 08, 2020 |
Quite aptly said sir. The trend is quite very subjective. hegelian: |
Re: Forex Trade Alerts: Season 20 by teemy(m): 4:19pm On May 08, 2020 |
yawehoverall: Contact in signature. However, I can't do any teaching, I can only guide you through while you do the assignments yourself. If free time on weekends might access your work. Cheers |
Re: Forex Trade Alerts: Season 20 by Gasive: 4:38pm On May 08, 2020 |
Gasive: I decided to look further to see what's keeping this trade from moving, and here's what I saw.... I've removed the TP, and will be riding this trade for some weeks.
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