Equity Management:

Taking a loss is one of the most difficult things that you will have to get used to as a trader, but the reality is:

• Everybody loses sometimes.
• Not even the best trader in the world has a 100% track record.
• Loss of opportunity is better than loss of money.
• The market is what the market is.

Knowing when to pass on the trade will help you survive in this financial game. Equity is the name of the game. When you have no more equity left the game is over for you. You need to learn when not to trade just as much as when to trade.

^^^^^^

Very close to the truth!

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EU and GU are heading North.

EU is leading the movement while GU is lagging behind. Taking into cognizance the positive correlation principle between EU and GU, I will advise you BUY GU now for more profits.

May the pips be with you.

PS: I am trading on 4H CHART.

Like I said above, GU is intensifying the Northward movement after consolidation and STOPLOSS-hunting.

May the pips be with you.

Its beautiful when you trade your plan, money management is twice as important as your trading method, When you can afford to loose mildly 60 percent of your trades and win very well 40 percent of the time , you have become a trader, cut your losses, let your profit ride, its hard for anyone to announce a loosing streak, You cant control the maket, you can only swim in the direction of its tide. Have a fun weekend. And while you sit over a table toast to a pipfull week ahead.

blackgucci:

Its beautiful when you trade your plan, money management is twice as important as your trading method, When you can afford to loose mildly 60 percent of your trades and win very well 40 percent of the time , you have become a trader, cut your losses, let your profit ride, its hard for anyone to announce a loosing streak, You cant control the maket, you can only swim in the direction of its tide. Have a fun weekend. And while you sit over a table toast to a pipfull week ahead.

Well said man well said

blackgucci:

Its beautiful when you trade your plan, money management is twice as important as your trading method, When you can afford to loose mildly 60 percent of your trades and win very well 40 percent of the time , you have become a trader, cut your losses, let your profit ride, its hard for anyone to announce a loosing streak, You cant control the maket, you can only swim in the direction of its tide. Have a fun weekend. And while you sit over a table toast to a pipfull week ahead.

and a toast too ,to the success of this week

Am back after a long vacation, Are we there yet?

Hi Man, you er doing a wonderful job here. Iam a new Bie to Forex. Ineed your help. Pls send me your alerts. My
email is christolinks2000@yahoo.com. Kudos!

I jst cant tank u guys enough. Good job & my thumbs up.

Hey brothers, which trading platform is the best. I'm using FOREXtrader PRO(forex.com) for my Demo, but it does not contain Heikin Ashi chart. Please which trading platform can I chose. Above all, which trading platform does Nigerians chose mostly. Thanks in advance for your response

Hi tyr Alpari platform, henki ashi is there

All the best

Time to sell EU

dat na if 4554 refuse the push

Jeudick:

Hi tyr Alpari platform, henki ashi is there

All the best

@Jeudick

Thanks for your response. Can u give me a link to download it?

UK Construction PMI in focus after disappointing manufacturing on Friday, Eurozone PPIs seen slipping back but rate hike this week remains likely, S&P makes another Greek warning, China slowdown fears increase after non manufacturing PMIs slip, Australian retail sales.

Sterling looks set to remain in focus today, as it trades near 15 month lows on its trade weighted index, with the release of the latest construction PMI data for June. Given that Fridays manufacturing data was a little disappointing, markets remain concerned that further weakness will raise fears about the sustainability of UK growth and prompt concern about further QE, a subject which seems to be being given greater discussion on the MPC.

While the probability of further QE in the short term remains unlikely the mere fact it is being speculated upon highlights the fragile state of the UK economy.

Expectations are for small fall back to 53.5, from Mays 54.

In sharp contrast the talk in Europe remains of the next rise in rates despite evidence that price pressures may be starting to slip back. This mornings PPI figures for May are expected to show a decline of 0.1% month on month, while the year on year figure is expected to slip back from 6.7% in April to 6.3%. Despite this the ECB is expected to raise rates by another 0.25% this week, despite the risks such a move would have on struggling peripheral economies borrowings costs. You would think that the recent events in Greece would give them pause, however Trichet repeated his strong vigilance message last week, which historically presages a rise in borrowing costs.

In signs that the Greek saga will continue to rumble on ratings agency Standard and Poors reminded the markets this morning that for all the talk of loan rollovers and debt relief such an event would in all likelihood be treated as a credit event or selective default.

Concerns about a slowdown in China remain in focus after non-manufacturing PMI data slipped back from 61.9 in May to 57 in June. While on its own these figures dont appear to be that bad, following as they do on the back of the disappointing manufacturing PMIs on Friday, there is a concern that the recent policy tightening may well be starting to do its job too well.

It would appear that consumer reluctance to spend isnt being confined to western economies after Australian retail sales slipped back sharply in May, falling 0.6%, after the 1.1% rise in April, with clothing being amongst the hardest hit. Expectations had been for a 0.3% rise. Building approvals also plunged, falling 7.9% as rising prices start to weigh on demand.

perfect time to sell EU

Agreed

Not trading today, independence holiday will probably mean low liquidity on most pairs especially the $ pairs. My hunt will begin tomorrow

Happy pipping y'all

JAZES:

perfect time to sell EU

51 pips behind

for EUR/USD huum i am waiting for a sma5/100 crossing on 1hr to short it and target around 1.4300 because i still see the general direction as upwards seeing the symmetry on daily chart, my 1kobo.

4504 is pivot level , new decision would be made from there, for now it is a also tp for me

Usdjpy is very bullish and i would advise to buy for a tp of 8200. . . . . happy pipping

namdo:

for EUR/USD huum i am waiting for a sma5/100 crossing on 1hr to short it and target around 1.4300 because i still see the general direction as upwards seeing the symmetry on daily chart, my 1kobo.

Hello, just a little tip, for your sake please do away with indicators. Trust me, they do nothing but make you feel good about your trade decisions. They are lagging in nature and completely useless. A trendline can tell you when a trend is slowing down or about to develop. just a tip. happy pipping.

4504 is pivot level , new decision would be made from there, for now it is a also tp for me

I like your contributions but please always indicate the currency pair you're referring to for easy comprehension. Cheers.

Hi,Free people

www.alpari.co.uk ,scroll to the bottom and find download mt4

Best regards

jamace:

I like your contributions but please always indicate the currency pair you're referring to for easy comprehension. Cheers.

ok sir

@bidemi12
thank you. they really make me feel good after the trendlines.

Anyone going going on Gold? hahahah, am into that too na, Naijababe don push me enter Gold, See Volatility