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Forex Trade Alerts Season 17 - Business (216) - Nairaland

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Re: Forex Trade Alerts Season 17 by Cul4real(m): 5:39am On Dec 06
Any swing trader in the house?
Re: Forex Trade Alerts Season 17 by letuak(m): 9:33am On Dec 06
redsox11:
Not liking the tiny tiny candles, might set the u/c to breakeven and forget about it. U/J dropped a little.
Bailed out -15 on E/J , I'll post chart later.


I've been posting too little too much lately smiley

Guys let's keep it coming here.

Nice charts - Unclad trading : Buy surge & Sell surge
Re: Forex Trade Alerts Season 17 by redsox11: 11:35am On Dec 06
My take on indicators is do what works for you, something that can make you money. If it's indicator fine, if it's Unclad chart, fine too.

I use 1 or 2 indicators sometimes, BUT they don't tell me when to buy or sell, PRICE itself tell me when to buy or not. I like to look at price in 3D/ 360 0 not in 2D.

That's why I don't say I have a System, I have a Strategy/Methodology, pretty robust, so I can trade when it's trending or when it's ranging. A lot of different ways to skin the cat.



Cul4real:
Any swing trader in the house?
A lot here.

redsox11:
In E/J BUY, some sell pressure coming tho.
....

redsox11:

Bailed out -15 on E/J , I'll post chart later.


Guys let's keep it coming here.



letuak:


Nice charts - Unclad trading : Buy surge & Sell surge

I'm not sure I follow smiley If you mean ( Buy in surge 'down' & Sell surge 'up' )

1 Like

Re: Forex Trade Alerts Season 17 by terrymason(m): 11:52am On Dec 06
Who can help me with ebay checkout of $24 now, same person will help me with another ebay checkout of $60 upward after bid is won..
Re: Forex Trade Alerts Season 17 by redsox11: 11:59am On Dec 06
U/Cad

Re: Forex Trade Alerts Season 17 by redsox11: 12:17pm On Dec 06
Enough preaching... you guys are eating all the pips alone here, post your charts, there is love in sharing oh grin

A lot of red news this week, anybody trading news here??
Re: Forex Trade Alerts Season 17 by redsox11: 1:18pm On Dec 06
PIPnator , incredibleace you caught this ??

Re: Forex Trade Alerts Season 17 by incredibleace(m): 1:56pm On Dec 06
redsox11:
PIPnator , incredibleace you caught this ??

I didnt

1 Like

Re: Forex Trade Alerts Season 17 by PIPnator(m): 2:03pm On Dec 06
redsox11:
PIPnator , incredibleace you caught this ??

Na bro.. cool still nursing that Uchf trade. cry Ive only traded NU this week. wink

Abeg make this NFP week sef.. smiley smiley

1 Like

Re: Forex Trade Alerts Season 17 by spinola: 6:26pm On Dec 06

Re: Forex Trade Alerts Season 17 by redsox11: 11:25pm On Dec 06
10ema across different time-frame. I can see at a glance if price is above or below it across the TF.

Who's playing G/Chf breakout?

Re: Forex Trade Alerts Season 17 by redsox11: 1:14am On Dec 07
Usd/Cad, got the breakeven in place.

Re: Forex Trade Alerts Season 17 by redsox11: 1:16am On Dec 07
Sorry guys. Flooding NL.

Re: Forex Trade Alerts Season 17 by PIPnator(m): 2:03am On Dec 07
AUDUSD at a possible reversal area on the daily, but the weekly has a strong sell wick. This suggests it might still go down before a possible reversal. However I will wait for at least 2 4hrs candle close to either buy.

manually closed one position (usdchf), the other hasnt hit my stops at 0.99153

So far this week, have taken a good buy on NU. Might take another buy for a possible fill of the previous day wick at 0.69130 because momentum is still bullish on the weekly. As always, higher time frames prevails over lower time frames.
Re: Forex Trade Alerts Season 17 by meshpips(m): 2:59am On Dec 07
PIPnator:
AUDUSD at a possible reversal area on the daily, but the weekly has a strong sell wick. This suggests it might still go down before a possible reversal. However I will wait for at least 2 4hrs candle close to either buy. . .

It gave a buy signal on 30 - minutes chart at 2:30 am (0.7542)

Price might rise until 0.7621 where the next re -assessment will take place.

Enjoy your day!
Re: Forex Trade Alerts Season 17 by PIPnator(m): 4:52am On Dec 07
meshpips:


It gave a buy signal on 30 - minutes chart at 2:30 am (0.7542)

Price might rise until 0.7621 where the next re -assessment will take place.

Enjoy your day!


Thanks bro for the comment. I just hope and pray we all should be doing this, sharing thoughts and insights about the market rather than bickering about who trades bigger account or trades a demo or live. In the end, what makes anyone a good trader in the number of pips made (whether demo or live), not even the money.

So far, my gratitude goes to everyone here meshpips (Iv known you here from way back), redsox11, currentprice, Feshizzy, wamiikechukwu, Tunderr (she gave me a funny name, i hope she takes it back wink smiley cheesy tongue) nennin, wickyyolo, bigbasho and many more I didnt mention. Thanks for the insights so far, I hope you/we all bring in more here. I pray those that left here do come back, lets all learn together.

At meshpips, I saw the signal you mentioned but I would like to see a good rejection candles like the one in this 4hrs chart (see the highlighted with yellow in that 4hrs chart), before I am convinced its an actual reversal. Either way, we are both right with our decisions.

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Re: Forex Trade Alerts Season 17 by PIPnator(m): 4:56am On Dec 07
I didnt mention, I took sells on Jpy pairs. Im hoping for wicks fills on the previous days candles. #fingerscrossed lipsrsealed
Re: Forex Trade Alerts Season 17 by edujoy(m): 6:52am On Dec 07
I stumbled on this EA, I already got it though not yet working as promised but they have agreed to set it up for a fee the result is crazy ( not yet on my account, but I will update my own account soon).

Dont get me wrong, I love easy trading and I am also getting mine ready but this caught my attention.

I am hoping this works : No indicators, uses IQ feeds to initiate trades. Looks a little like latency arbitrage but I am not sure it is exactly

Re: Forex Trade Alerts Season 17 by femora007: 5:12pm On Dec 07
edujoy:
I stumbled on this EA, I already got it though not yet working as promised but they have agreed to set it up for a fee the result is crazy ( not yet on my account, but I will update my own account soon).

Dont get me wrong, I love easy trading and I am also getting mine ready but this caught my attention.

I am hoping this works : No indicators, uses IQ feeds to initiate trades. Looks a little like latency arbitrage but I am not sure it is exactly

Where did u come across it
Re: Forex Trade Alerts Season 17 by meshpips(m): 6:05pm On Dec 07
The EA opens 5 standard lots TWICE within the same minute on a $5,000 account.

All is well!
Re: Forex Trade Alerts Season 17 by redsox11: 12:40am On Dec 08
Price is in your defined buy hemisphere and you have defined it as bullish = profitable (a higher chance of being profitable, here is your edge)

Price is in your defined buy hemisphere and you have defined it as bearish = unprofitable (a higher chance of being unprofitable)
Price is in your defined buy hemisphere and you have defined it as neutral = unprofitable (a higher chance of being unprofitable)

Price is in your defined sell hemisphere and you have defined it as bearish = profitable (a higher chance of being profitable, here is your edge)

Price is in your defined sell hemisphere and you have defined it as bullish = unprofitable (a higher chance of being unprofitable)
Price is in your defined sell hemisphere and you have defined it as neutral = unprofitable (a higher chance of being unprofitable)


Think...
Re: Forex Trade Alerts Season 17 by redsox11: 12:44am On Dec 08
No comment.



Ps: What else do you need?

Re: Forex Trade Alerts Season 17 by wamiikechukwu(m): 6:40am On Dec 08
meshpips:
The EA opens 5 standard lots TWICE within the same minute on a $5,000 account.

All is well!


Lol the Ea will blow your account in less than a month.

The best EAs are usually the ones with simplest and advanced logic and that is what most people can not think of.
Re: Forex Trade Alerts Season 17 by Shevychen2: 9:08am On Dec 08
redsox11:
No comment.



Ps: What else do you need?

Nothing. cool

I employ a very similar strategy but using higher timeframes to judge trends. Fish for buys around support in an uptrend and fish for sells around resistance in a downtrend. I get fewer trade entries but higher quality.
Re: Forex Trade Alerts Season 17 by Shevychen2: 9:23am On Dec 08
wamiikechukwu:



Lol the Ea will blow your account in less than a month.

The best EAs are usually the ones with simplest and advanced logic and that is what most people can not think of.

People are chasing this forex thing by fire by force because they have little capital and need to make huge money. That EA is just a gambling EA. Take what it gives and keep withdrawing. If it crashes, fund again and start afresh.

However, I wonder why people have to through that stress. Go to many of the top ranked PAMM, MAM and similar services and you will find that the most backed traders make between 5-15% a month. Some of them don't make more than 50% a year yet they are controlling millions of dollars.

Instead of taking high profile risks and blowing lots of small to medium sized accounts in the process, wouldn't you rather focus on getting a consistently profitable strategy with small drawdowns, then sell your intellectual property on these platforms and get backed by lots of people looking for where to put money? When you know that making 7% profit in a month can put a lot of money in your account in terms of profit sharing, won't you be more relaxed about trading?

Below is a trader that is backed by investors. Take note of how many investors and amount he has been backed with, and then see his own capital. Then take a look at his monthly returns and think.

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Re: Forex Trade Alerts Season 17 by muckvic: 10:29am On Dec 08
I think d engulfing bar signal d continuation of up trend ....so house is it safe enough to go long

Re: Forex Trade Alerts Season 17 by priceaction: 10:32am On Dec 08
Shevychen2:

wc site is this?
Re: Forex Trade Alerts Season 17 by redsox11: 11:11am On Dec 08
Shevychen2:


Nothing. cool

I employ a very similar strategy but using higher timeframes to judge trends. Fish for buys around support in an uptrend and fish for sells around resistance in a downtrend. I get fewer trade entries but higher quality.

You're damn right Buddy.

A system that takes every signal of buy and sell is a failed system. Whether you are using indicators or pure price action with Unclad charts, a buy within a downtrend market will quickly reverse. And a sell within an uptrend market will quickly reverse at a blink of an eye.

Even trading within a trend, a false signal will occur during the exhaustion phase.
Re: Forex Trade Alerts Season 17 by wamiikechukwu(m): 11:14am On Dec 08
PIPnator:
I pray those that left here do come back, lets all learn together.
They are here with us already... cheesy
Re: Forex Trade Alerts Season 17 by wamiikechukwu(m): 11:26am On Dec 08
Shevychen2

i once had an EA which i build using various ideas, it gives like 10-20% monthly depending on the market for that month and losses acquired.

I felt if i could add more logic i can increase its performance. I did and ruined everything too bad i couldn't return it back to its initial stage because i did so many changes to its source code that i forgot how it was before.

That was how i learnt that if it's not broken don't fix it.

Few months later i read that the great George soro makes approximately 29% annually for its hedge fund.

1 Like

Re: Forex Trade Alerts Season 17 by Shevychen2: 11:55am On Dec 08
wamiikechukwu:

Shevychen2

i once had an EA which i build using various ideas, it gives like 10-20% monthly depending on the market for that month and losses acquired.

I felt if i could add more logic i can increase its performance. I did and ruined everything too bad i couldn't return it back to its initial stage because i did so many changes to its source code that i forgot how it was before.

That was how i learnt that if it's not broken don't fix it.

Few months later i read that the great George soro makes approximately 29% annually for its hedge fund.

Can't blame you because normally you'd want to make a living out of your 3 to 5 digit accounts as fast as possible. If you can recreate that strategy somehow and show net profits for 3-6 months, you could be handling excellent 6 figures in 18 months.

Isn't it funny how people are making 100% in a week but still not anywhere near George Soros? Lmao.
Re: Forex Trade Alerts Season 17 by Shevychen2: 11:56am On Dec 08
priceaction:

wc site is this?

Darwinex.

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