naija forex traders

This is the home for all NAIJA traders who want to share their experience, thoughts and help others expecially novice traders(though we all learning) in THIS CREDIT CRUNCH TIMES....i bet this thread will surge within the couple of days. Also i will share my own 2 cents thoughts on what to expect with the following pairs GU, GC, EG, EU, EC, EJ, UChf, UCad....e.t.c. thanks

"Master your setup master your self"....these words linger through my mind always because 8 months was my own story. So my own style may always differ from what you might think but all you need is "time" and "patience" to practice it. Im more of a technician, ( cos im a graduate of geology) but the fundamental is something i find very disturbing or the word always disturbs my mental state of mind. So i try to keep it simple with mainly technicals. Though i usually weigh up currencies with MAIN fundamental news (those one with MONEY wriiten on their chest like the bail out thing.)

MY KEY INTRUMENTS INCLUDE:
1. support and resistance zones (with round numbers)
2. Candle stick reversals ( pin bar/candle, inside bars, outside bars)
3. Trend lines with andrew's picthfork....cos im a forker!

To make it clear to senior members, im basically looking for key areas where price is likely to turn around. Still not an expert in this business but im sure i have brians to profit from the business.
Finally, the main book i will recommend to any new trader is ....the father of technical analysis....martin prings : price pathern and trend determination.thanks

The primary trend is bullish and we are about to establish a secondary trend which is bearish .
notice the bearish outside candle settled in an area of resistance (0.94996 APPRO. 0.95000) .median line (light green) also acted as another barrier zone. The outside candle stick help me denotes the continuation the secondary trend. I use the middle median line (red)to measure my profit targets and areas of probable reversal with respect to my trend lines (aqua).

Keep it up Bro,
Can someone develop an EA based on This system ?

this system is more technical to be programmed because it requires more "screen time" and you only need price action to trigger your trade.....just like that....

it;s coming

please have it in mind that money management is the key to success (2% of your account) and i place this kind of trade(monthly) with a strong price action on smaller times(daily and weekly).

Guy i like your trading system,I tried to modify your system so that it can look easier for the Newbies although,I do not trade manualy coz i don't think i can afford to watch the chart allday for price action. View the attached chart.A picture can explain a thousand words.

hope u guys are enjoyin d bigwaves, wel more to come.sorry cant post charts cos im hookedup wit minor issues ...family affairs

Very interesting, bro. Keep it up.This will difinitely go a long way!!!!!

i personally never met anyone who traded live with ninga

seeing is believing.........more to come

A possible head and shoulder formation............it's the big waves again

I like your style.
Price Action and higher timeframes that's the way it's done.
Good luck.

thanks tjpld

what took u so long?.....oh! i forgot to set my entries to B.E.....lol

Im loving music creation more and more.......save trading

"music is life.....is either you love composing,hate or love it " i love composing cos it opens my eyes.

After price broke the right shoulder trendline of the previously formed H&S pattern USD JPY has shown a significant breakout pattern . The break of the trendline on 5th of june with a re-test of the trendline last week wednesday shows signs of continuation which is heavily backed by a bullish inside candle(red arrow). USDJPY should have a nice push of the upside movement to 100.xx price due to price pivot zone(PPZ) clearly seen as a barrier/attraction piont.After the pull-back of price from the 100.xx ppz area to 98.xx ppz area, upward movement should resume with rallying to 105.00 as urchman's primary target 1.......Have green pips trading in the weeks ahead :-)

......no one is perfect...trades were not triggered(limit orders). so...opposite direction for price projection........