naijababe:
See oil now Natruetalk, I hope say u don comot ! We could see 85.xx tomorrow

oil stopped me out at BE already

weytin man go do naw

What a painful trading Day! losing over 200 pips on The multiple combination of Dax, FTSE, Dow and S&P. Because of future trading, I left overnight! I have taken correction through The hard way

Sunnycliff:
What a painful trading Day! losing over 200 pips on The multiple combination of Dax, FTSE, Dow and S&P. Because of future trading, I left overnight! I have taken correction through The hard way

Pele o, e dey happen. That fake sell from yesterday on the indices did not help, I held a Dow sell overnight which at some point was +102 pips, this morning it closed at BE, I took a buy, then another fake sell and I closed my position promptly.............only for the effing things to move hundreds of 100pips in my direction and my last oil trade also took me out at +20pips after having done +96pips

A buy pin bar just forming on USDCAD daily,there is every likelihood that the bears will dominate the market in the days ahead. Sold at 1.12359 tp 1.12056 sl 1.12445 rr 1:3

Forex Is a very boring business especially when one is around people who know little about it this kind of business. I need a trader friend(s) who we can relate in Lagos (Iyana ipaja-Abule Egba-Agege-Sango area). If you are interested or stay close to this area pm me.

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naijababe:


Pele o, e dey happen. That fake sell from yesterday on the indices did not help, I held a Dow sell overnight which at some point was +102 pips, this morning it closed at BE, I took a buy, then another fake sell and I closed my position promptly.............only for the effing things to move hundreds of 100pips in my direction and my last oil trade also took me out at +20pips after having done +96pips

U don try...i got stopped out at BE for dax. Still waiting for dat bott to buy oil for more pips. 82.2* need clear for bull to enjoy

USDJPY is choppy

iheanyiebeneze:
USDJPY is choppy

Yea,very unstable

fxbomovi:
u eh! don't be surprise if d pair still crashes. events like this reminds us that nothing is guaranteed in this market.

fxbomovi:
Sell gbpnzd @2.0380. Stop @2.0420. Profit @2.0100

how is the market brother

naijababe:


Pele o, e dey happen. That fake sell from yesterday on the indices did not help, I held a Dow sell overnight which at some point was +102 pips, this morning it closed at BE, I took a buy, then another fake sell and I closed my position promptly.............only for the effing things to move hundreds of 100pips in my direction and my last oil trade also took me out at +20pips after having done +96pips

Pele. It's happened to me so many times recently that I'm tired of complaining.

naijababe:


Pele o, e dey happen. That fake sell from yesterday on the indices did not help, I held a Dow sell overnight which at some point was +102 pips, this morning it closed at BE, I took a buy, then another fake sell and I closed my position promptly.............only for the effing things to move hundreds of 100pips in my direction and my last oil trade also took me out at +20pips after having done +96pips

Thank you

Capitals:


2nd TP in view, from yestrdays NZDUSD, thank God for today

Here is what I did whilst men slept, my pick or the day Sell AUDJPY (94.57) SL 94.84, 1st TP 100pts. I also bought GBPAUD

Capitals:


Here is what I did whilst men slept, my pick or the day Sell AUDJPY (94.57) SL 94.84, 1st TP 100pts. I also bought GBPAUD

Letting go of GBPAUD early, but still holding on to AUDJPY

Capitals:


Letting go of GBPAUD early, but still holding on to AUDJPY

Traded my GBPAUD for EURAUD, the rest of the trading day ll be spent on observing these two trades. if they both loose, no new shots till next wk.

currentprice:



how is the market brother

it's well my brother. my stop was hit

fxbomovi:
it's well my brother. my stop was hit

ur stops r too tight compared tp,u may nid to adjust a bit

Sold DJIA and Dax

naijababe:
Sold DJIA and Dax

Flipped, 9am candle closed above pivots once again

naijababe:

Flipped, 9am candle closed above pivots once again

Not looking good today, I'm out for the week abeg!

NIJABABE I THINK DAX IS GOING UP TODAY

*Money Management : 70%
*Technical analyze to read chart : 15%
*availabability of your mind : 5%
*Know how to manage Winning trade and Loss : 3%
*Know how to execute the order : 3%
*Choose a performant broker : 3%
*Finance News and Lies : 0.5%
*Fundamental Analyze of market 0.5%
-----------------------------------------------------------
Total : 100%. Guys I saw that on facebook so I decided to share. Am not a new member here just a new moniker. Love the family and you all have a great weekend. Bye

omejeo:
NIJABABE I THINK DAX IS GOING UP TODAY

I think it is going to be a choppy day, hence, why i left. Monday to Wednesday were really good day, thursday was not bad, I only made like 30 pips in the end and this morning I have lost around 50 from the two trades I took. I am not about to give away my Mon-Wed money on Friday

See y'all next week

Happy traders

natruetalk:


just bought oyel @ 82.10 with 100pips sl

fear of missing trade make me enter too early but if the price continuing falling i will jump out when seeing reaction around 81.6x zone

i have not hear from yomex hope he is fine

Many thanks for checking up bro.... Been very busy with offline project, u don't wanna put all your eggs in one basket u know. I ve switched to position trading pending the time I come back fully. Thanks once again, I m grateful

combining PA with CP is a very powerful strategy. have a nice weeked ya all

This is a good week indeed. Market closed in more greens than red. Thanks be to GOD.
SLATE CLEANED, A FRESH ANALYSIS FOR NEXT WEEK.

You did well this week. Just Thank your God

naijababe:


I think it is going to be a choppy day, hence, why i left. Monday to Wednesday were really good day, thursday was not bad, I only made like 30 pips in the end and this morning I have lost around 50 from the two trades I took. I am not about to give away my Mon-Wed money on Friday

See y'all next week

I think This can help someone.
ENJOY as you read it.

Why we make bad choices




Here’s a question for you …

You’re faced with a urn which contains 30 red balls, and an unknown number of black and yellow balls, which add up to a total of 60, meaning there are 90 total balls in the urn.

You’re given the choice of two sets of gambles you can take:

Gamble A: you win £100 if you draw a red ball from the urn
OR
Gamble B: you win £100 if you draw a black ball from the urn

and

Gamble C: you win £100 if you draw a red or yellow ball
OR
Gamble D: you win £100 if you draw a black or yellow ball

Which do you take?

If you’re like most people, you’ll have chosen gamble A and gamble D, because both of these options have known probabilities.

With gamble A, we know we have a 33% chance of pulling out a red ball from the 90 in the jar. With gamble D, we know we have a 66% chance of pulling out either a black or yellow ball.

However, there’s a flaw in our logic, because the first gamble assumes that there are more red balls than black ones – a scenario which would make gamble C a better choice for the second bet.

This quirk of human brains is also called ‘ambiguity aversion’ – we’ll generally choose risky situations over ambiguous ones.

So, how does this affect our trading decisions?

If human beings have an aversion to unknowns, then they will naturally move towards ‘safe’ investment decisions. They’ll go with something tried and tested, with a fixed return, which feels safe and reliable.

I guess it’s why so many people put their money in savings accounts.

If this is true, then as traders we’re already bucking this convention – we’ve taken a decision to seek out higher returns, and the flip-side of the decision is that we’re taking on the ambiguous.

What makes traders behave this way?

Well, psychologists have linked a particular personality trait with people who show less ambiguity aversion – and that’s optimism. And it would certainly seem that traders are naturally optimistic people.

A natural optimism that drives us to look for better income streams and to improve our financial health is a great thing …

… but, a natural optimism in individual trading decisions … well, that can be dangerous.

It can lead us into terrible decision making like … ‘I’ll double my stakes to win back what I lost on the last two trades’ … ‘I’ve had four losses in a row, so I must be owed a winner’ … ‘The last 3 trades have won, so I’ll double my stakes for the next one to take advantage of this winning streak’ …

So, we’re faced with a contradiction …

The same optimism that led us to seek out improved returns for our money, can also lead us to make poor decisions with that money in the market.

But we don’t need to be stuck in this dead end – all too aware of our own weaknesses and failings, traders have already come up with a solution …

The rules-based trading strategy.

Most successful traders rely on rules-based, regimented trading systems. This is true of home traders following a list of rules they’ve written down themselves … to professional investment strategies that use complex algorithm programs, and everything in between.

These rules stop us from following our hunches, or just crossing our fingers and hoping that luck will be on our side.

Instead, they rely on research, testing, and retesting.

Even traders who do rely on judgment calls on their individual trades, will still have a set of rules that must be fulfilled before they’ll even consider a trade.

This style of trading helps us to keep disciplined and to quieten the battle that’s going on between our optimistic side of our nature, and the side that’s averse to ambiguity.

The thing about ambiguity is that it can be the traders best friend…and his worst enemy.

Ambiguity is the thing that adds risk to your trade – and it’s the reason why we can make money. The fact that we’re prepared to accept the unknown about which trades will win and which will lose is why we can get our superior returns.

But at the same time, we need to keep disciplined.

There’s a great experiment carried out by a scientist called BF Skinner in the behaviour of rats.

If the rats were randomly rewarded with food for pressing a lever (ie sometimes they got food, sometimes they didn’t), they became obsessive lever-pressers, never knowing which press will bring them a reward.

You can probably already see where I’m going here …

There is always an unknown element in our trading.

We need to be sure that we don’t turn into rats frantically hitting a lever.

Sure, there’s ambiguity in trading – we can’t know which trades will win.

But we can find patterns and develop strategies to give us an edge. It’s this knowledge of winning percentages that makes our behaviour rational.

And not just like rats hitting that lever!

The crucial thing to note from this is that what we believe are logical decisions are often very flawed. I’m sorry to say this, but human beings are rubbish at weighing up risks and making a rational choice – especially in the heat of the moment.

But we can be good at building disciplined, rule-based strategies, and following them. These systems can be a piece of software that automatically trades for us … or scribbled on a piece of paper. What matters is that it’s based on solid research, it shows a clear edge of the market, and we are able to follow those rules to the letter.


Best Regards,
Next time,

Capitals:


Here is what I did whilst men slept, my pick or the day Sell AUDJPY (94.57) SL 94.84, 1st TP 100pts. I also bought GBPAUD

Both trades ended up lossing, wasn't ready to give back more from what I gained from the market this week. MM and knowing how to lose smartly are some ways of staying profitable from my experience. see ya ll next week

i trade price action, i know how to trade
major price reversal, i know how to scalp
at the presence of a failure.
i know how to hedge a profitable swing
trend in the presence of a countertrend
bar and exit the countertrend trade in
the presence of a confirmed pullback bar
equally open another trade to support
the current trend. the best advise i will
give to a serious trader is to read the
following books on price action.
1, Trading Price Action on Trends by Al
brooks
2, Trading Price Action on Ranges by Al
Brooks
3, Trading Price Action on Reversals by Al
brooks
it may be difficult to understand price
action the first time or second time you
are reading these books but i will bet you
it will be the last time you will pay your
dues on trading if you understands Al
brooks concepts on price action. these
books transformed the way i view and
trade the markets, i make profits
everyday i trade the market since Dec,
2012. i have a full time job and i am
considering leave it, my trading plan is
over 50 pages and if you dont have a
detailed trading plan and written trading
journal, i bet you cannot survived trading
for 6 months.
i don't toy with my MM principal.
living and trading from a third world
country, i dont know what to do with my
life outside of trading, may God bless Al
Brooks for his books, he is a valuable gift
to any serious trader that reads his books.

mular:
i trade price action, i know how to trade
major price reversal, i know how to scalp
at the presence of a failure.
i know how to hedge a profitable swing
trend in the presence of a countertrend
bar and exit the countertrend trade in
the presence of a confirmed pullback bar
equally open another trade to support
the current trend. the best advise i will
give to a serious trader is to read the
following books on price action.
1, Trading Price Action on Trends by Al
brooks
2, Trading Price Action on Ranges by Al
Brooks
3, Trading Price Action on Reversals by Al
brooks
it may be difficult to understand price
action the first time or second time you
are reading these books but i will bet you
it will be the last time you will pay your
dues on trading if you understands Al
brooks concepts on price action. these
books transformed the way i view and
trade the markets, i make profits
everyday i trade the market since Dec,
2012. i have a full time job and i am
considering leave it, my trading plan is
over 50 pages and if you dont have a
detailed trading plan and written trading
journal, i bet you cannot survived trading
for 6 months.
i don't toy with my MM principal.
living and trading from a third world
country, i dont know what to do with my
life outside of trading, may God bless Al
Brooks for his books, he is a valuable gift
to any serious trader that reads his books.

share Please if you have d ebooks