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BONIFACE TRADING JOURNAL

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This topic contains 48 replies, has 4 voices, and was last updated by  Boniface Akhuiwu 1 week, 4 days ago.

Viewing 20 posts - 21 through 40 (of 49 total)
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  • #100535

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    Boniface let me ask you what if the first candlestick in weekly breaks the middle band then second rebroke again and third one breaks it, like the case with AUDCAD weekly do you still consider it good to go

    James I got what you mean on AUDCAD weekly. Don’t worry about it. AS Chris said middle band is a tricky area to trade. And also he said sometimes when setup gets to middle band if fools around it. Check the daily. Bollinger Bands are already and gradually pointing down. Setup has been established and there is sometimes retracement move. I think I said in the journal that my first position on NZDJPY long triggered my SL. And I said I waited to get entry again using lower band rejection. Why did I wait and get in again? It’s because the strategy has already established a bullish setup and will most likely obey. But it was hit by retracement. I got in again and close the position before the US election with over 400 pips, then get in again, the third time. Am still bullish in it.

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    #100537

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    If anyone fails me it will be on record and find out why. The ones I did not take, but recorded them down are still doing welly. I was already in NZDJPY before some JPY begin to form according to the strategy. GBPJPY is an example.

    #100538

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    If anyone fails me it will be on record and find out why. The ones I did not take, but recorded them down are still doing well. I was already in NZDJPY before some JPY begin to form according to the strategy. GBPJPY is an example.

    #100539

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    James, GBPCAD, long is also not moving well because of the weekly middle band. Bullish candles line up along middle band.

    #100554

    james NM
    Participant
    • Topics: 1
    • Replies: 65

    you are right boniface about GBPCAD seems mb on weekly is rejecting the price breaking thru

    #100557

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    It will finally break above, am so sure

    #100615

    james NM
    Participant
    • Topics: 1
    • Replies: 65

    will wait until it generate another setup

    #100617

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    will wait until it generate another setup

    yea, Forex is a game of patience.

    #100618

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    I see explosive trade coming on the way in AUDCHF and it’s correlated pair, EURAUD. This is because both weekly and the daily are rejecting both upper and lower band. They’re moving sideways. Am monitoring them with eagle’s eyes.

    #100635

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    AUDNZD is completely trapped.

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    #103865

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    A very strong continuation trade setup yesterday. Is the pair really ready to break the monthly now?

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    #103875

    james NM
    Participant
    • Topics: 1
    • Replies: 65

    Am also waiting for support level breakout on monthly but the market is its kind of ranging i.e bb lines are horizontal

    #120999

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    Few hours to the end of today market close EURUSD again closes below lower band. more bearish days ahead.

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    #121004

    moaied suhail
    Participant
    • Topics: 1
    • Replies: 362

    yep your position nailed it Boniface, all the price ups and downs lately payed off.

    #121026

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    yep your position nailed it Boniface, all the price ups and downs lately payed off.

    Power of patience

    #121229

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    GBPNZD ready to fly now base on my strategy. The weekly has finally closed above the middle band. The weekly candle would be used for my SL. Though the weekly SL is wide, it can withstand strong retracement, before it finally moves in the direction. Am using another platform, because I have been in long position in NZDJPY and has been moving accordingly. The 6th November strong move on the weekly was stopped by the middle band and so the daily, though closed for two days above the upper band, could not make any move on the daily because of the weekly middle band.

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    #121233

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    EURUSD bullish move on the daily could be just a profit taking and nothing more. The bears would be back and stronger. There was already a continuation trade setup on 8th October, the red mark. Also the daily, after up and down movement, has again closed below the lower band. According to our great master, Chris, when candles have been moving sideways and finally closed below lower band it shows that the downward wants to continue.

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    #121239

    james NM
    Participant
    • Topics: 1
    • Replies: 65

    hi boniface good work your doing am waiting for market opening also to either go long on GBPAUD OR GBPNZD but for the latter i will not because am already short on NZDUSD

    #121241

    Boniface Akhuiwu
    Participant
    • Topics: 2
    • Replies: 110

    hi boniface good work your doing am waiting for market opening also to either go long on GBPAUD OR GBPNZD but for the latter i will not because am already short on NZDUSD

    Thank you. You’re doing great. Chris has given us eagle’s eyes to spot trade setup. Am already short on AUDUSD in another platform and it’s doing great.They’re all based on the same strategy. Happy Sunday.

    #121242

    james NM
    Participant
    • Topics: 1
    • Replies: 65

    do you trade NZDCHF if so is the weekly bearish engulfing strong for short

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