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Forex Trade Alerts / Discussions: Season 24 - Business (408) - Nairaland 5p6r21

Forex Trade Alerts / Discussions: Season 24 (362157 Views)

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blackman007: 1:29pm On Nov 04, 2024
Emmizay12:


Trade on demo until you become profitable..

Nobody go tell you say you don be profitable trader,

Your result will tell you.
But I assure you, you will never stop losing trades till you die and meet God
blackman007: 2:40pm On Nov 04, 2024
Ibrahimlagosian:
You want make we wrestle angry shocked.you go collect,I will break those your big big teeth for you angry cool


grin grin grin
dmahn(m): 5:10pm On Nov 04, 2024
Ibrahimlagosian:
Hello guys, it's a new month here,so I'm going to continue my journalling here.i lost my both 25k and 15k ,so I ed mt4 and I will use their demo to learn again
I will start now by going back to swing trading,I will only use the monthly and weekly for analysis and the daily for entry.
I will use the Bollinger band+RSI +stochastic indicator for my strategy.
Wish me good luck guys.

You might not make 1 naira in this business if you continue to rely on all this indicators as strategy... Learn pure price action and thank me later... I nono why I like you sef grin

3 Likes

dmahn(m): 5:12pm On Nov 04, 2024
Ibrahimlagosian:
Infact,me I don give up for this poorest trading
cry cry :oI no dey do again
.if anybody tell me I should not give up,wallahi we will wrestle.
I will give you beating of your life.
Infact,I go so beat anybody for this fta.Man dey vex for this market

Yeah.. You mean you want to take a break.. Its allowed cheesy... Come back stronger
Ibrahimlagosian(m): 6:32pm On Nov 04, 2024
Yes boss
dmahn:


You might not make 1 naira in this business if you continue to rely on all this indicators as strategy... Learn pure price action and thank me later... I nono why I like you sef grin
Kaybee7000(m): 6:56pm On Nov 04, 2024
Don’t answer anyone,more loss awaiting,give up pls,not everyone that wish to become electrical engineer will eventual become their wish likewise successful trader

So GIVE UP PLS

1 Like

Bimmarlykay(m): 10:16pm On Nov 04, 2024
This is for struggling traders or newbies on this thread,bitter truth is the thread has lost its purpose..you won't get rich on here,you might also not learn anything again cuZ unlike forex factory and many forums that share ideas on how to tackle this beast called forex, peeps here hardly teaches forextrading or come up with an indicator or strategy that needs enhancing anymore...you'll only see their successful prop , fake boosting traders and some motivational speakers that will be telling you don't give up but won't tell you a thing or two... they will never show their strategy or hint...

That said, if you're struggling or about to quit forex due to loss,then its either you haven't seen what can no longer be unseen once seen or you're doing something wrong or greed making you look for a strategy that never loses while catching all the pip been there done that. 😁

Truth is it doesn't exist you'll lose and get frustrated cus even with an almost perfect strategy and risk to reward, market can spike,hunt liquidity, false breakout, false reversal and this are things we have no control over we just pray... 😁

Try my style instead:-

Retracement trading might work,

Firstly forget counter trend trading or reversals...

leave it for professionals,trade with the trend using top down analysis,trade on the higher TF.... Using 4h or 1D, they have fine structures .... follow the trend on the aforementioned timeframes go lower and like 15-1h for entries from reversals using Fibonacci or reversal indicators while for the 1Day TF start from 30-4h for entries some indicators tell a trend and range, familiarize with this kinda indicators.

Many traders will tell you don't trade with indicators they repaint/lag, but I'll tell you indicators do exactly what them name implies "indicate" your brain will equally tell you that the indicator have done this before and it's likely to do the same again .....forget about 1:10 ratio for now. gold for instance will kill you before giving you 1$:10$ instead put your loss where you think if the markets hits will cause CHOCH.... you'll hardly lose 2wice in a row and even if you do, you'd have won 10, this is how i trade.... catching the pips one at a time and my loss is always during reversals trying to enhance that tho.πŸ˜‘

Looking at 5000 pips movement, then try catching 50- 1000 pips in the direction of the trend

What am saying:if you're going to the east say 'Abia'...look for buses going to the east then stop at Ore, enter again stop at Onitsha, repeat till you get to Abia don't stress trying to reach the East once..leave it for PROs.

Shalom!!
πŸ˜ŽπŸ“ŠπŸ“ˆ

14 Likes 1 Share

LincolnOnyeabor: 11:02pm On Nov 04, 2024
PriceActionZ:

is it possible to fling such tiny money and on what leverage? na wa 0o
It was actually a $2 sir. I entered another trade which now hit SL and now have me 0 balance

2 Likes

LincolnOnyeabor: 11:02pm On Nov 04, 2024
blackman007:


I love your work bro, can I send you a PM??

Yes sir you can my boss.
EmzyEno: 6:08am On Nov 05, 2024
Help a friend in need somebody
+2347046824900 mtn any amount πŸ™πŸ»
Ibrahimlagosian(m): 6:18am On Nov 05, 2024
Ah, even you.lemme go back to mining of cryto coins.i heard tapswap is about to launch πŸŽ‰πŸ•ΊπŸ•ΊπŸ’ƒπŸ’ƒπŸ‘―πŸ‘―
Kaybee7000:
Don’t answer anyone,more loss awaiting,give up pls,not everyone that wish to become electrical engineer will eventual become their wish likewise successful trader

So GIVE UP PLS
Donsheddy: 6:51am On Nov 05, 2024
Morning guys
Emmizay12(m): 7:06am On Nov 05, 2024
Bimmarlykay:
This is for struggling traders or newbies on this thread,bitter truth is the thread has lost its purpose..you won't get rich on here,you might also not learn anything again cuZ unlike forex factory and many forums that share ideas on how to tackle this beast called forex, peeps here hardly teaches forextrading or come up with an indicator or strategy that needs enhancing anymore...you'll only see their successful prop , fake boosting traders and some motivational speakers that will be telling you don't give up but won't tell you a thing or two... they will never show their strategy or hint...

That said, if you're struggling or about to quit forex due to loss,then its either you haven't seen what can no longer be unseen once seen or you're doing something wrong or greed making you look for a strategy that never loses while catching all the pip been there done that. 😁

Truth is it doesn't exist you'll lose and get frustrated cus even with an almost perfect strategy and risk to reward, market can spike,hunt liquidity, false breakout, false reversal and this are things we have no control over we just pray... 😁

Try my style instead:-

Retracement trading might work,

Firstly forget counter trend trading or reversals...

leave it for professionals,trade with the trend using top down analysis,trade on the higher TF.... Using 4h or 1D, they have fine structures .... follow the trend on the aforementioned timeframes go lower and like 15-1h for entries from reversals using Fibonacci or reversal indicators while for the 1Day TF start from 30-4h for entries some indicators tell a trend and range, familiarize with this kinda indicators.

Many traders will tell you don't trade with indicators they repaint/lag, but I'll tell you indicators do exactly what them name implies "indicate" your brain will equally tell you that the indicator have done this before and it's likely to do the same again .....forget about 1:10 ratio for now. gold for instance will kill you before giving you 1$:10$ instead put your loss where you think if the markets hits will cause CHOCH.... you'll hardly lose 2wice in a row and even if you do, you'd have won 10, this is how i trade.... catching the pips one at a time and my loss is always during reversals trying to enhance that tho.πŸ˜‘

Looking at 5000 pips movement, then try catching 50- 1000 pips in the direction of the trend

What am saying:if you're going to the east say 'Abia'...look for buses going to the east then stop at Ore, enter again stop at Onitsha, repeat till you get to Abia don't stress trying to reach the East once..leave it for PROs.

Shalom!!
πŸ˜ŽπŸ“ŠπŸ“ˆ

Great points but I disagree with you on some
If your losses are equivalent or higher than wins, you cannot perform any magic or miracle

Start with 1:1 RR, eg if your risk per trade is $50 each trade, make sure your lose like $25 or less...
I know you will be wondering how, but when people say trading is a game of skill,, this is what they mean....
You have to know your strategy so well that you can detect a losing trade even before it hits stoploss...(In any strategy, a loss trade has max 3 scenarios when it plays out) It is your job to know this scenarios like how you know your face in a mirror

make sure you lose less than your risk on EVERY trade.. even if it means losing a trade that will eventually win....

You have to be highly impatient with any trade that is dancing at or below your entry...and be patient with a winning trade, if a trade is in profit, the next important thing is a breakeven before profits.

In any trade, this is your order of importance
SMALL LOSS>BREAKEVEN>PROFITS

a small loss is 3x more important than a profitable trade.... Crazy right....but that is how you make money in forex no be by strategy...because when you eventually win a trade which is inevitable, your win will automatically eat your losses, so a winning trade is the least important...then you fix overtrading and over leveraging.....

When I see people struggling here it's simply because they haven't seen a profitable trader breakdown the process in a manner that youtube content would never do...I used to be a non-believer of mentorship until i became profitable, the right mentor will save you sooo much time in ur trading journey... unfortunately they are hard to find, it is your job to find them,,,maybe one day, i may open up a trading school, but for now we make money

I can go on,, if you don't believe what I've said copy what I said and put on chatgpt and ask for an analysis of my writeup

Trading is sooo easy,,, but it demands a lot of hard work, sometimes you just need the right information to crown that hard work with success......

1 Like

PriceActionZ: 7:40am On Nov 05, 2024
LincolnOnyeabor:

It was actually a $2 sir. I entered another trade which now hit SL and now have me 0 balance

you are doing well bro

2 Likes

fredsamuel1: 9:19am On Nov 05, 2024
Emmizay12:


Great points but I disagree with you on some
If your losses are equivalent or higher than wins, you cannot perform any magic or miracle

Start with 1:1 RR, eg if your risk per trade is $50 each trade, make sure your lose like $25 or less...
I know you will be wondering how, but when people say trading is a game of skill,, this is what they mean....
You have to know your strategy so well that you can detect a losing trade even before it hits stoploss...(In any strategy, a loss trade has max 3 scenarios when it plays out) It is your job to know this scenarios like how you know your face in a mirror

make sure you lose less than your risk on EVERY trade.. even if it means losing a trade that will eventually win....

You have to be highly impatient with any trade that is dancing at or below your entry...and be patient with a winning trade, if a trade is in profit, the next important thing is a breakeven before profits.

In any trade, this is your order of importance
SMALL LOSS>BREAKEVEN>PROFITS

a small loss is 3x more important than a profitable trade.... Crazy right....but that is how you make money in forex no be by strategy...because when you eventually win a trade which is inevitable, your win will automatically eat your losses, so a winning trade is the least important...then you fix overtrading and over leveraging.....

When I see people struggling here it's simply because they haven't seen a profitable trader breakdown the process in a manner that youtube content would never do...I used to be a non-believer of mentorship until i became profitable, the right mentor will save you sooo much time in ur trading journey... unfortunately they are hard to find, it is your job to find them,,,maybe one day, i may open up a trading school, but for now we make money

I can go on,, if you don't believe what I've said copy what I said and put on chatgpt and ask for an analysis of my writeup

Trading is sooo easy,,, but it demands a lot of hard work, sometimes you just need the right information to crown that hard work with success......



You are right about sir, i am a newbie who is still in the learning phase. But i agree with you, forex trading is simple if someone knows how to minimize losses as much as possible.
dmahn(m): 10:02am On Nov 05, 2024
Bimmarlykay:
This is for struggling traders or newbies on this thread,bitter truth is the thread has lost its purpose..you won't get rich on here,you might also not learn anything again cuZ unlike forex factory and many forums that share ideas on how to tackle this beast called forex, peeps here hardly teaches forextrading or come up with an indicator or strategy that needs enhancing anymore...you'll only see their successful prop , fake boosting traders and some motivational speakers that will be telling you don't give up but won't tell you a thing or two... they will never show their strategy or hint...

That said, if you're struggling or about to quit forex due to loss,then its either you haven't seen what can no longer be unseen once seen or you're doing something wrong or greed making you look for a strategy that never loses while catching all the pip been there done that. 😁

Truth is it doesn't exist you'll lose and get frustrated cus even with an almost perfect strategy and risk to reward, market can spike,hunt liquidity, false breakout, false reversal and this are things we have no control over we just pray... 😁

Try my style instead:-

Retracement trading might work,

Firstly forget counter trend trading or reversals...

leave it for professionals,trade with the trend using top down analysis,trade on the higher TF.... Using 4h or 1D, they have fine structures .... follow the trend on the aforementioned timeframes go lower and like 15-1h for entries from reversals using Fibonacci or reversal indicators while for the 1Day TF start from 30-4h for entries some indicators tell a trend and range, familiarize with this kinda indicators.

Many traders will tell you don't trade with indicators they repaint/lag, but I'll tell you indicators do exactly what them name implies "indicate" your brain will equally tell you that the indicator have done this before and it's likely to do the same again .....forget about 1:10 ratio for now. gold for instance will kill you before giving you 1$:10$ instead put your loss where you think if the markets hits will cause CHOCH.... you'll hardly lose 2wice in a row and even if you do, you'd have won 10, this is how i trade.... catching the pips one at a time and my loss is always during reversals trying to enhance that tho.πŸ˜‘

Looking at 5000 pips movement, then try catching 50- 1000 pips in the direction of the trend

What am saying:if you're going to the east say 'Abia'...look for buses going to the east then stop at Ore, enter again stop at Onitsha, repeat till you get to Abia don't stress trying to reach the East once..leave it for PROs.

Shalom!!
πŸ˜ŽπŸ“ŠπŸ“ˆ

You've said well.. But even if you post your strategy here, some will still still rubbish it, even that guy you think you are trying to help will shame you when SL hit like 3 times in row which is normal. Traders hate cheap advise, they won't take it serious at all...

Everyone here knows good traders are here, now it's left unto struggling traders to inbox whoever they like their trading style and be ready to pay the price.... Coz if you give them for free, they will never value it
Bimmarlykay(m): 11:52am On Nov 05, 2024
Emmizay12:


Great points but I disagree with you on some
If your losses are equivalent or higher than wins, you cannot perform any magic or miracle

Start with 1:1 RR, eg if your risk per trade is $50 each trade, make sure your lose like $25 or less...
I know you will be wondering how, but when people say trading is a game of skill,, this is what they mean....
You have to know your strategy so well that you can detect a losing trade even before it hits stoploss...(In any strategy, a loss trade has max 3 scenarios when it plays out) It is your job to know this scenarios like how you know your face in a mirror

make sure you lose less than your risk on EVERY trade.. even if it means losing a trade that will eventually win....

You have to be highly impatient with any trade that is dancing at or below your entry...and be patient with a winning trade, if a trade is in profit, the next important thing is a breakeven before profits.

In any trade, this is your order of importance
SMALL LOSS>BREAKEVEN>PROFITS

a small loss is 3x more important than a profitable trade.... Crazy right....but that is how you make money in forex no be by strategy...because when you eventually win a trade which is inevitable, your win will automatically eat your losses, so a winning trade is the least important...then you fix overtrading and over leveraging.....

When I see people struggling here it's simply because they haven't seen a profitable trader breakdown the process in a manner that youtube content would never do...I used to be a non-believer of mentorship until i became profitable, the right mentor will save you sooo much time in ur trading journey... unfortunately they are hard to find, it is your job to find them,,,maybe one day, i may open up a trading school, but for now we make money

I can go on,, if you don't believe what I've said copy what I said and put on chatgpt and ask for an analysis of my writeup

Trading is sooo easy,,, but it demands a lot of hard work, sometimes you just need the right information to crown that hard work with success......



The way we trade differs ... you're right about risk to reward but there are always exceptions for instance 1:2 reward will make you profitable with even a 50% winrate compared to a 1:1 reward with70%winrate..
but market won't always give you a Sequential risk to reward like journals and tubes portray e.g you can use a 10$ to win 20$ while your next trade stoploss can max 30$ to win $60...now what happens if it's end in loss.

We trade differently reason i said "the way i trade",i can't trade like you and you can't trade like me cuz the market is filled with diversed loopholes that need diversed solutions to decipher it.

I don't breakeven infact i hate it..the way i trade if you're familiar with TDI there's what we call a shark fin i noticed double shark fins too that hunt's for close SL and later move in your direction, this thing kills mindset cuz traders love putting SL at last swing low.... that's when traders says "i have been SL hunted".

Some traders even shifts their stoploss when they sense abnormal movements due to fundamental or some crazy market structure,as for me,like i said i look at trend structure where even some ugly Retracement hardly hit thanks to my indicator,i hardly fear stop loss cuz hitting my stoploss means trend has changed.

I have been doing this for some time i have the confidence, some newbie might struggle and like you said i detect loss early so at times i close and at times take my loss like a man and move on with battling the new trend.😎

2-10 tracements can happen before a reversal maybe even more depending on the trend length reason i love trends,so it compensate for my loss that's my own risk to reward i hope you understand my point.


Lest i forget, some loss can go above 3 depending on the pair.

1 Like

Bimmarlykay(m): 11:54am On Nov 05, 2024
dmahn:


You've said well.. But even if you post your strategy here, some will still still rubbish it, even that guy you think you are trying to help will shame you when SL hit like 3 times in row which is normal. Traders hate cheap advise, they won't take it serious at all...

Everyone here knows good traders are here, now it's left unto struggling traders to inbox whoever they like their trading style and be ready to pay the price.... Coz if you give them for free, they will never value it

You're right sha. grin😁
Ibrahimlagosian(m): 1:48pm On Nov 05, 2024
Boss,no be me go do that oh.I would definitely look into it kiss

dmahn:


You've said well.. But even if you post your strategy here, some will still still rubbish it, even that guy you think you are trying to help will shame you when SL hit like 3 times in row which is normal. Traders hate cheap advise, they won't take it serious at all...

Everyone here knows good traders are here, now it's left unto struggling traders to inbox whoever they like their trading style and be ready to pay the price.... Coz if you give them for free, they will never value it
Emmizay12(m): 6:49pm On Nov 05, 2024
Bimmarlykay:


The way we trade differs ... you're right about risk to reward but there are always exceptions for instance 1:2 reward will make you profitable with even a 50% winrate compared to a 1:1 reward with70%winrate..
but market won't always give you a Sequential risk to reward like journals and tubes portray e.g you can use a 10$ to win 20$ while your next trade stoploss can max 30$ to win $60...now what happens if it's end in loss.

We trade differently reason i said "the way i trade",i can't trade like you and you can't trade like me cuz the market is filled with diversed loopholes that need diversed solutions to decipher it.

I don't breakeven infact i hate it..the way i trade if you're familiar with TDI there's what we call a shark fin i noticed double shark fins too that hunt's for close SL and later move in your direction, this thing kills mindset cuz traders love putting SL at last swing low.... that's when traders says "i have been SL hunted".

Some traders even shifts their stoploss when they sense abnormal movements due to fundamental or some crazy market structure,as for me,like i said i look at trend structure where even some ugly Retracement hardly hit thanks to my indicator,i hardly fear stop loss cuz hitting my stoploss means trend has changed.

I have been doing this for some time i have the confidence, some newbie might struggle and like you said i detect loss early so at times i close and at times take my loss like a man and move on with battling the new trend.😎

2-10 tracements can happen before a reversal maybe even more depending on the trend length reason i love trends,so it compensate for my loss that's my own risk to reward i hope you understand my point.


Lest i forget, some loss can go above 3 depending on the pair.

I get you sha, everybody has their system and their understanding of the markets

Most important thing is if you are profitable
Nothing else matters

2 Likes

dmahn(m): 8:00pm On Nov 05, 2024
Any S&P500 trader in the house?... It isn't too late to on 1:1... However if price should retrace to my entry again I will add one more.. If SL hits, I will sell instantly..

successsam121: 10:32pm On Nov 05, 2024
As I have been saying in my previous posts:
Either you are a newbie or a struggling and non profitable trader, start trading price action on 4hr or Daily (preferably) time frame. Mt5 even has 8hrs and 12hrs tfs. Trading on higher tfs teaches you Patience and Discipline. As you get fewer trade signals, the urge to overtrade or trade fake signals reduce.
When you become a consistent profitable and master trader on these Higher tfs, you can then begin to day trade in lower tfs, occasionally.

Learn and trade simple price action trading (learntotradethemarket .com) and thank me later.

Still, a humble learner!

4 Likes 1 Share

LincolnOnyeabor: 11:48pm On Nov 05, 2024
blackman007:



grin grin grin


My boss, I saw the notification from Nairaland that you sent me a mail, but I can't find the mail in my inbox.

Mention me on a dead thread or do drop your digits sir.
peteregwu(m): 2:39am On Nov 06, 2024
On GBPJPY, I am shorting from 19825 and my target is 194.861(300pips). Risky trade

1 Like

LincolnOnyeabor: 3:08am On Nov 06, 2024
Took my very first Propfirm trade ever and Thankfully closed in Profits. grin grin grin

I no too Sabi this Propfirm hand. Using it to learn ni ooo.

1 Like

peteregwu(m): 3:38am On Nov 06, 2024
peteregwu:
On GBPJPY, I am shorting from 19825 and my target is 194.861(300pips). Risky trade

Lost gbpjpy
peteregwu(m): 4:30am On Nov 06, 2024
On GBPJPY, I am selling again with small position. Risky though.

1 Like

dmahn(m): 4:52am On Nov 06, 2024
dmahn:
Any S&P500 trader in the house?... It isn't too late to on 1:1... However if price should retrace to my entry again I will add one more.. If SL hits, I will sell instantly..


Congratulations if you ed the 1:1 movement... Stop has been moved to BE now and I will exit at any strong bearish signal

2 Likes 1 Share

Pipsmarshall1: 7:40am On Nov 06, 2024
Swing break wait for retest and engulfing or pinbar candle. Tf 4hr.

Do you need a mentor to help you understand this forex as soon as possible?

Are you a struggling with your emotions and trading feels like suffering?

Do you want to achieve consistency on the forex industry and need a mentor to guide you?

me: Pipsmarshal2021@gmail

Service fee apply.

Succhrisfx: 11:31am On Nov 06, 2024
Sell Audusd 0.6595
Sl:0.6661
Tp: open
dmahn(m): 11:50am On Nov 06, 2024
dmahn:


Congratulations if you ed the 1:1 movement... Stop has been moved to BE now and I will exit at any strong bearish signal

Full TP hit on this...

On to the next

EU Daily TF.. Risk takers can enter at market price

1 Like

samfelly: 12:31pm On Nov 06, 2024
Ejuna80:
Please which broker can I use to trade gold with a capital of $10? That's how much I can afford for now.

I'll say you should get a $2,500 Nostro's challenge @ $7.8 when you apply the 40% discount code (BOOST40) and trade Gold on the as much as you want. 0.01 Lot should get the job done if you can befriend PATIENCE.

#Demo
https://app.nostro.co/?ref=V1kzTnZnY1FJaFB3UERHUGVPOG03UT09

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