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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 20 (561661 Views)
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Re: Forex Trade Alerts: Season 20 by Nobody: 2:19pm On Sep 07, 2020 |
Let's discuss: Looking at EURGBP Risk: 100 pips, Profit Target: 300 pips, I will go long with SL @ 0.88725 (about 100pips) and TP around 0.92522 (about 300 pips) Please note: If you cannot risk, do not trade. here we can risk 100 pips in case it goes south. What do you see? 3 Likes |
Re: Forex Trade Alerts: Season 20 by Bornfool(m): 2:23pm On Sep 07, 2020 |
Pipsbasketings: Baba I dey with you. Na daily timeframe I dey trade. I will be so happy to learn from you. 2 Likes |
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 2:27pm On Sep 07, 2020 |
BTC according to initial plan, BUYING now. Red line is SL, blue lines are targets. Looking for a mad RRR on this. saxy4c: 1 Like
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Re: Forex Trade Alerts: Season 20 by Bornfool(m): 3:18pm On Sep 07, 2020 |
GBPJPy: let see what happen at 140.91 key level whether will be looking for a buying opportunity.
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Re: Forex Trade Alerts: Season 20 by Nobody: 3:23pm On Sep 07, 2020 |
Pipsbasketings: Bornfool: what do you see? trade to be taken at 10pm tonight |
Re: Forex Trade Alerts: Season 20 by Nobody: 3:32pm On Sep 07, 2020 |
Great, but do you swing trade? just to be sure we are on the same page Bornfool: |
Re: Forex Trade Alerts: Season 20 by docus: 3:33pm On Sep 07, 2020 |
Pipsbasketings:Yea, swing trades on d daily, we see d same |
Re: Forex Trade Alerts: Season 20 by docus: 3:36pm On Sep 07, 2020 |
Cup and handle, waiting for the break to the upside
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Re: Forex Trade Alerts: Season 20 by Bornfool(m): 3:38pm On Sep 07, 2020 |
Pipsbasketings: Yeah I swing trade but I wait for candle like pinbar before taking any entry on the daily timeframe. |
Re: Forex Trade Alerts: Season 20 by Bornfool(m): 3:39pm On Sep 07, 2020 |
Pipsbasketings: This is what I see sir.
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Re: Forex Trade Alerts: Season 20 by docus: 3:49pm On Sep 07, 2020 |
Bornfool:Sell when price breaks below support 0.8925 |
Re: Forex Trade Alerts: Season 20 by Nobody: 3:50pm On Sep 07, 2020 |
Bornfool:Great, what is your outlook, your position? long/short/range: no position but to wait? TP, SL or you just allow it to burn out? Bornfool:Great Bornfool:I have been on GJ short since market open with about 91pips, now that you mentioned that you are waiting for a long, I cannot doubt you even though I will still continue with short for few more days. You are a swing trader; hence, I will watch out for what you see in case a reversal is about to happen. 1 Like |
Re: Forex Trade Alerts: Season 20 by Bornfool(m): 3:55pm On Sep 07, 2020 |
Pipsbasketings: I don't like ranging pair, I love trading with the trend, for now I will just leave it. |
Re: Forex Trade Alerts: Season 20 by Bornfool(m): 3:58pm On Sep 07, 2020 |
docus: If it breaks, do you wait for a retest? |
Re: Forex Trade Alerts: Season 20 by Nobody: 3:58pm On Sep 07, 2020 |
Haaaa, sell? now I get what you see. I would imagine that it would take few more days for price to reach that support. What I immediately see here is that the support has already been tested; hence, to swing this trade, you follow the current and immediate trend (long) with your appropriate SL and TP. @Bornfool has not mentioned what he sees. docus: |
Re: Forex Trade Alerts: Season 20 by Bornfool(m): 4:11pm On Sep 07, 2020 |
Pipsbasketings: Buy will be good sir |
Re: Forex Trade Alerts: Season 20 by docus: 4:13pm On Sep 07, 2020 |
Pipsbasketings:I see a round top forming, most likely price will fall, but I can only enter when price breaks below the support 0.8925. My bias is still sell, until I see more price action to the up side to confirm a buy |
Re: Forex Trade Alerts: Season 20 by docus: 4:19pm On Sep 07, 2020 |
Bornfool:Yes to see how it would react at d support, or wait for more price action to confirm a buy |
Re: Forex Trade Alerts: Season 20 by Nobody: 4:19pm On Sep 07, 2020 |
Great analysis guys, Docus has no immediate position yet, Bornfool's immediate outlook is as mine: like I mentioned earlier, I will enter long on the pair (EG) by the end of today about 10:05pm, set SL to 100 pips and TP to 300 pips. Disclaimer: if it goes south, my SL is my guide - no blame ![]() I'm looking to pull up another pair for analysis. Bornfool: docus: |
Re: Forex Trade Alerts: Season 20 by Benqozenero(m): 4:29pm On Sep 07, 2020 |
Pipsbasketings: As a wave trader, I attached the analysis in the picture to show you what i see. I actually see a down move if price hit the yellow trend line because wave-e extension kind of invalidates the supposed upside movement that should be. Pipbasketing are you saying the engulfing candle keeps the upside alive.? kindly share what you see. Thanks.
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Re: Forex Trade Alerts: Season 20 by Bornfool(m): 4:38pm On Sep 07, 2020 |
docus: Kudos bro |
Re: Forex Trade Alerts: Season 20 by Nobody: 4:53pm On Sep 07, 2020 |
Great view, when I swing trade, I follow the most current/recent trend regardless of any support below me if I'm on short OR any resistance above me if I'm buying but I use them as my SLs as the case may be. Remember, supports and resistances get broken. yes absolutely yes to your question.. Benqozenero: In addition, I have indicated the box to show my expected RRR, if your analysis follows, I still don't expect price to go below the blue box, it may range in below the current price but don't expect to cross below the box and if it does, SL takes care of that. Hope you get. Anyone else with his/her view should say on EG, swing trade on D1. I plan to add to my current pipsbasket. 1 Like |
Re: Forex Trade Alerts: Season 20 by docus: 5:08pm On Sep 07, 2020 |
Let price be d judge 1 Like |
Re: Forex Trade Alerts: Season 20 by Nobody: 5:13pm On Sep 07, 2020 |
From the pix, I see a big resistance and a possible extension to go south. If this happens, the extension would be very big. Thus, I'm waiting till 10:05pm, my position will be long for now. but check again, in 2 to 3 days, say Thursday, if it goes south and takes out my 100 pips, I am immediately re-entering with a short cos that would be very big short. same RRR. For now, my position will be as stated earlier. Benqozenero: |
Re: Forex Trade Alerts: Season 20 by Benqozenero(m): 5:27pm On Sep 07, 2020 |
Pipsbasketings: Great info. Thanks alot. 1 Like |
Re: Forex Trade Alerts: Season 20 by Nobody: 5:37pm On Sep 07, 2020 |
Re: Forex Trade Alerts: Season 20 by opsydudu(m): 5:43pm On Sep 07, 2020 |
interesting analysis from Pipsbasketing. Welcome back boss. Its time I re-learn from you. 1 Like |
Re: Forex Trade Alerts: Season 20 by alphaNomega: 6:30pm On Sep 07, 2020 |
Does anyone here use IcMarkets? I haven't been able to place a trade since Friday September 4. Are you having the same experience? |
Re: Forex Trade Alerts: Season 20 by Bornfool(m): 6:35pm On Sep 07, 2020 |
AUDUSd is good for a buy here
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Re: Forex Trade Alerts: Season 20 by Gasive: 6:52pm On Sep 07, 2020 |
Pipsbasketings: The pair is bearish bro, normally I would have sold today but there's a possibility of price getting to 0.905xx before selling. So I'm waiting for confirmation, possibly tomorrow's candle, before taking position. |
Re: Forex Trade Alerts: Season 20 by Nobody: 6:57pm On Sep 07, 2020 |
I've been on short since market opened last night with the RRR as shown in the pix below. What do you see that makes you to want to buy this right now? Bornfool: |
Re: Forex Trade Alerts: Season 20 by Gasive: 6:57pm On Sep 07, 2020 |
2 Likes
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