Hey Guys,
i just spot FTSE100 4HR TF to go up on the next candlestick.
To use 5mins TF for entry if the buy signal shows up.

same analysis for EURCAD 4hr/5MIN TF to go up.

Cheers!

redsox11:
Some good read...

Please allow me to further explain what 95% of traders do and see how their trading perspective is actually hindering their potential growth/profit.

Trader awaits for the perfect evening star pattern to happen. He picks very carefully and expects everything to perfection and he admits the appearance of such perfect setups are often rare sighting. However he is confident that such perfect setups will be most likely a profit or a small loss. This trader has a good balance of r:r that he/she religiously apply to every trade to stay purely mechanical. The only discretionary decisions he does make is the entry and the rest he leaves to r:r for exit.

Now allow me to reliterate the above story in a different version but with the same ideology behind.

Group of highly trained blackjack players enter a casino. They have practiced thousands of hours (have you?) of playing advantage blackjack. When they refer to advantage playing it means they know 'when' to start playing to ensure a 'higher' probability of winning. They know when the remaining cards in the deck is full of high cards like 10, J, Q, K which changes their odds of winning against the dealer much higher. Even if the deck is almost full of high cards they know that their winning rate is only marginally over 50%. They don't care if the winning rate is just over 50% of the time, as long as it is over 50% they will consider that a premium opportunity to start playing.

One player will sit down alone on the table and start playing using +1 and -1 counting technique (personal entry method). He is playing very small bets and just watching the action, prodding here and there. Soon he notices a premium opportunity when the remaining cards in the deck is now mostly high cards. He then raises his betting size greatly as he knows the odds are in his favour. Soon after winning hand, he then leaves the table cause he just won more than he lost. He moves onto next table and starts counting again.

? No. Thats not how professional blackjack players win.

Lets rewind little bit. One player sits alone on the table and starts counting cards by playing with very small bets. Once this player 'knows' that the decks are full of high cards he will do a hand gesture or a signage for his other team members to now join this table. This table is now hot and ready for picking. Other team members will join this table and bet heavily into every hand as they know most cards are in their favour. As soon as they notice that the deck has lost its edge they will get up and leave with their winnings. This is a true story about a group of MIT blackjack players who made millions before being caught out.

They did not count all those cards to make one large bet and to walk away after winning one hand. Once they know the deck is in their favour they will milk it out as much as possible. The exact same perspective is required in trading. Do not focus on few minor losses you encountered over the last few days. Just make sure when a win does occur, you stack positions and exit with a much bigger profit that will cover all your losses before and adding a big chunk of realized profit into your trade balance.

Always a joy to read your writeups.

In other words, we have to be prepared both emotionally and financially to be able to milk the market whenever that high odd opportunity presents itself.

Lets play with some buy on the AUDNZD 15min TF

teejaysmarty1:
Hey Guys,
i just spot FTSE100 4HR TF to go up on the next candlestick.
To use 5mins TF for entry if the buy signal shows up.

same analysis for EURCAD 4hr/5MIN TF to go up.

Cheers!

Trail the damn FTSE 5min TF

And the EURCAD.
stop on the 161.8% for AUDNZD(who cares if stopped out)
Sign out for the day guys!
Enjoy the rest of the day!

It's being a really good day for pairs against USD going LONG.
-Watch out for NZDCAD (15mins TF) - LONG
-Watch out for EURCAD (15mins TF) - LONG
-Watch out for CADCHF (15mins TF) - LONG
-Watch out for GBPUSD (15mins TF) - LONG
-Watch out for CHFJPY (15mins TF) - LONG
-Watch out for GOLD (15mins TF) - LONG

FTA USDCAD SELL 1.2470, SL I. 2500, TP 1.2430

redsox11:
The goal;

Pros do not 'just' take 200 pips cause price moved 200 pips or cause its their defined r:r. They take minimum 200 pips if price moved 200 pips.

If price moved 500 pips, pros take minimum 500 pips, maximum: infinity
If price moved 1000 pips, pros take minimum 1000 pips, maximum: infinity

Ps: How do you think this possible?

Bigbasho
Incredibleace
Wuyexzy
teemy

I would be using myself as an example on this. No matter how 'good' or en-graced or confident I am with any trade I tend to tell myself that

- What I am seeing is what I am seeing, and do not know what world event would push a continuation or reverse of the trend
- What I am see is a trade chart record of what 'has' happened
- No be my papa get forex

I purely do what my indicators based on past analysis and backtests tell me to do. If I make money no biggie, If I lose, no biggie. I just take the cards am being dealt and make good use of the opportunities life - more specifically the market - presents.

More accurately in answering your point raised redsox11, I do not know when the market will move 50, 100, 200, 500 or 1000 pips. I just hang on till the boys tell me to and rush out (eat hit and run ) when they call it off or when a stop is hit. Sometimes it is little I gain and sometimes a huge haul.

Not knowing and not caring how far creates a sort of detachment that add the fun and removes the seriousness and desperacy from trading. My most consistent profits are mostly in the 25, 30, 40, 60 pips range. Once in a while 100+ and in a blue moon, 200+.

Hope I made a point with my epistle.

currentprice:


update .

whichever it goes bye for now see you again next time

update on crude oil

happy week ahead

oga redsox... I'm not sure I believe that though. might be because i'm no longer an apostle of good trade but making money then I just try to deal with the loss that follows. I gat a target to hit...lol. andalso, I'm tryna make minding my very own business a full time job till I get to the jet-set kinda level in my trading career.

[quote author=redsox11 post=64308758]


There's no 100% right or wrong way, so far you are taking something away from the table and adding it to the equity.
You've got a lot of screen time, here I was thinking I've got a lot more screen time than others lol. That is one thing you can't teach , you have to earn it.[/quote True ]

BullBearMkt:
It's being a really good day for pairs against USD going LONG.
-Watch out for NZDCAD (15mins TF) - LONG
-Watch out for EURCAD (15mins TF) - LONG
-Watch out for CADCHF (15mins TF) - LONG
-Watch out for GBPUSD (15mins TF) - LONG
-Watch out for CHFJPY (15mins TF) - LONG
-Watch out for GOLD (15mins TF) - LONG

CADCHF UPDATE
...After crossing the first hurdle, I've moved my stop loss at least to break even

US-Oil & GOLD a BUY on 15mins

BullBearMkt:

CADCHF UPDATE
...After crossing the first hurdle, I've moved my stop loss at least to break even

...target hit! Just 23pips

currentprice:


update on crude oil

happy week ahead

.

my update on the crude

a yellow pointed levels is a journey to $69.90
red pointed levels will produce atleast 200pips

USDCAD likely to rally soon; watch out (15mins TF)!!!

currentprice:


my update on the crude

a yellow pointed levels is a journey to $69.90
red pointed levels will produce atleast 200pips

...good job sir

currentprice:


my update on the crude

a yellow pointed levels is a journey to $69.90
red pointed levels will produce atleast 200pips

there was sharp up move after copy of the above chart. update later on d phone at the moment

BullBearMkt:

...good job sir

i day follow ur step naw

update on the crude oil

the fight is between break of red or blue arrow levels

patiently watching

NEWS ALERT!!!
US Shutdown Update: Schumer Says Deal Reached to Reopen Government - Bloomberg News

update; crude oil back in favor but that levels stubborn sha

2 more candles to the current candle is very important for the price movement. next and next candle

time will tell

If this usdjpy closes green on the daily I am going long.

see the next candle, the levels still not gree. let see how the next will be

next 2nd candle. shake-out continues

Hey Guys(we day traders)!
80% downday(23rd Jan) for these

1. NZDJPY
2. US OIL
3. FACEBOOK

80% Upday(23rd Jan) for these

1. AUDNZD
2. EURNZD

Using DAILY/15MIN TF laying low to get the entry signal if it shows up.

redsox11:
Some good read...

The exact same perspective is required in trading. Do not focus on few minor losses you encountered over the last few days. Just make sure when a win does occur, you stack positions and exit with a much bigger profit that will cover all your losses before and adding a big chunk of realized profit into your trade balance.

Paddy mi. Out of everything the above is the most important. That is trend trading at it's finest. The best and quickest way to be a millionaire. I have a sure banker system that is guaranteed to give one income for life. But here's the down side. You cannot have a job and trade this system on the side like most of us do. It takes a lot of time unless you decide to form a team of traders and trade the system as a group. This is the reason i swing trade. I'm good at it but i hate it. It only rewards you with chump change and it's risky as hell. The strategy is simple as phuck too. I attached the strategy below. When the yellow EMA crosses the blue and red EMA you go long or short as the direction dictates. You'll be taking small losses and making small gains until you hit the big wave. When you use the power of compounding with it, Omo, na die. Just bidding my time till i retire in a couple of years.

Bollinger:


Paddy mi. Out of everything the above is the most important. That is trend trading at it's finest. The best and quickest way to be a millionaire. I have a sure banker system that is guaranteed to give one income for life. But here's the down side. You cannot have a job and trade this system on the side like most of us do. It takes a lot of time unless you decide to form a team of traders and trade the system as a group. This is the reason i swing trade. I'm good at it but i hate it. It only rewards you with chump change and it's risky as hell. The strategy is simple as phuck too. I attached the strategy below. When the yellow EMA crosses the blue and red EMA you go long or short as the direction dictates. You'll be taking small losses and making small gains until you hit the big wave. When you use the power of compounding with it, Omo, na die. Just bidding my time till i retire in a couple of years.

...nice strategy with good risk mgt. Love it!

Tunderr:


How much do you charge for your premium?

Stop with this your fake and not profitable signal service. You're a rip off and stop bugging us with fake statement that you've photoshopped. 2000pips per month, such a joker coming from you.

You know the right thing to do, post a verifiable statement, myfxbook and all, with a reputable platform. Of course you can't because you are fake.

Name calling? I don't care it's what you Nairalanders are good at.
I'm done nursing your ignorant.

Signal It's free, we charge nothing but if you want more,
It comes with a price...loll

2,000pips is just a starting point, tag yourself on telegram and get a feel... its free.
Stop pelting your ignorance on others... its not nice...
I made a simple post of goodwill with no insult but you Nigerians just talk trash and cuss... na wa.
Go get some nilk and Grow up.

Stop asking for explorer you are not my boss.

Now you can me more names...

@FutureInvestFX

BullBearMkt:

...nice strategy with good risk mgt. Love it!

Roger that. The problem with it is patience and time.

Bollinger:


Roger that. The problem with it is patience and time.

...Yeah! very frustrating a times. I can understand. Could I find out your EMA values? Just being curious

BullBearMkt:

...Yeah! very frustrating a times. I can understand. Could I find out your EMA values? Just being curious

Bollinger, 8 and 21 I suppose