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Forex Trade Alerts / Discussions: Season 24 - Business (76) - Nairaland

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Re: Forex Trade Alerts / Discussions: Season 24 by wuyexzy01: 9:11am On Feb 02
dmahn:


Yes boss... Closed the first entry in 60 pips profit.. Price is coming to BE the second entry now. I don't like the double bottom that suddenly shows up on H4. So I might be stopped out soon.
And I don't see any double bottom here o.

Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 9:37am On Feb 02
Bimmarlykay:


I don't know which is scarier between Silver,Us30 and xti....? grin



Bossmi I can confidently tell you from my own experience that us30 is the scariest of all, I am yet to see any financial asset that beats us30 in volatility, not even Gold sef fit beat. dat gurl na confirm werey she be ooo. na only synthetic indices beat us30 for volatility. but I like her pass gold. 😁
Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 9:56am On Feb 02
wuyexzy01:

Boss I have stopped believing in break even. I'll Advice you weigh ur risk and put on what's comfortable for you then let it play out.
I hope u saw my nzd/chf, fat drawdown!!! Still within my comfy limit!

I swear BE na shit true true, Na low confidence dey cause am sha.. The only way forward is to set risk and fully accept the risk but I'm still battling with chronic indiscipline cry

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Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 10:09am On Feb 02
wuyexzy01:

And I don't see any double bottom here o.

This is the fear boss.. Attached is the two double bottom and the neckline being broken that I found. I hate that price has formed a doji and a bullish candle is currently forming on H4 inside the zone... Although the fact that H4 has changed bearish should give me the confidence to hold on to my sell as the double bottom may be invalidated cry.....

This is what I battle constantly, if u can remember the last time I was curious about one AU trade just because of this shit, I was stopped out at BE and price dropped massively to TP and more.

I'm just being a poor Risk Taker that hasn't learnt the principle of Risk acceptance enough to be confident in the face of constant uncertainty cry cry

This game is hard cheif 😅

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Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 10:09am On Feb 02
samfelly:
Price Action ti dabaru o. Market is confused!

No be small thing

Stuck in a gold buy at 2053, targeting for it to get to 2064 to exit and sell from there say later in the day or Monday

But market just dey run upandan. I tire me

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Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 10:13am On Feb 02
Davigled:


Bossmi I can confidently tell you from my own experience that us30 is the scariest of all, I am yet to see any financial asset that beats us30 in volatility, not even Gold sef fit beat. dat gurl na confirm werey she be ooo. na only synthetic indices beat us30 for volatility. but I like her pass gold. 😁

Hmm...

Started monitoring indices recently

And I noticed that us2000 has similar price action on the 4h and daily chart to us30 but with less volatility

Perhaps that is an option to consider.

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Re: Forex Trade Alerts / Discussions: Season 24 by Puremark(m): 10:17am On Feb 02
Davigled:


Bossmi I can confidently tell you from my own experience that us30 is the scariest of all, I am yet to see any financial asset that beats us30 in volatility, not even Gold sef fit beat. dat gurl na confirm werey she be ooo. na only synthetic indices beat us30 for volatility. but I like her pass gold. 😁
why are you not trading synthetic indices again.
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 10:20am On Feb 02
samfelly:
Price Action ti dabaru o. Market is confused!

USDJPY NO GREE FOR EURUSD. BOTH DEY PUMP (Buy) grin

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Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 10:26am On Feb 02
samfelly:

USDJPY NO GREE FOR EURUSD. BOTH DEY PUMP (Buy) grin
Na ur fada inlaw cos am, Powell just set confusion for market
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 10:28am On Feb 02
Puremark:
why are you not trading synthetic indices again.

My broda, I was gambling with synthetics, I had way too much loosing streak even though my winning trades are bigger than my losses, for every 1 profitable trade that I have, i would have lose like 6 to 8 trades before that win.

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Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 10:29am On Feb 02
Geovanni412:


No be small thing

Stuck in a gold buy at 2053, targeting for it to get to 2064 to exit and sell from there say later in the day or Monday

But market just dey run upandan. I tire me

Sell gold ke. Na buy I go advocate o. I dey look if make I place Buy Limit for 2045 or 2040. You know how news dey do, once (within seconds) market go just stretch leg go there then begin pump go up cheesy

Modified
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 10:36am On Feb 02
Davigled:


Na ur fada inlaw cos am, Powell just set confusion for market

My fada in-law wey sabi play wayo cheesy
Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 10:41am On Feb 02
samfelly:


Sell gold ke. Na buy I'll advocate o

Boss, read am again

I am in a buy at the moment,

I will consider a sell if it tops out at 1968 or 1978 and holds level till early Monday or Tuesday sef.
Re: Forex Trade Alerts / Discussions: Season 24 by wuyexzy01: 10:51am On Feb 02
dmahn:


This is the fear boss.. Attached is the two double bottom and the neckline being broken that I found. I hate that price has formed a doji and a bullish candle is currently forming on H4 inside the zone... Although the fact that H4 has changed bearish should give me the confidence to hold on to my sell as the double bottom may be invalidated cry.....

This is what I battle constantly, if u can remember the last time I was curious about one AU trade just because of this shit, I was stopped out at BE and price dropped massively to TP and more.

I'm just being a poor Risk Taker that hasn't learnt the principle of Risk acceptance enough to be confident in the face of constant uncertainty cry cry

This game is hard cheif 😅

Ha! That is not a double bottom from my side o but fake out wicks. That's just market doing its thing! I'll show u what i deem double bottom later. Reduce ur lot size throw ur S.L where ur biase will be negated!!! Cash out couple times. Study chart more on a big screen. That will bring confidence in what u see. And always let ur biase play out.

Brother the game is not hard but very tough!

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Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 10:54am On Feb 02
Geovanni412:


Boss, read am again

I am in a buy at the moment,

I will consider a sell if it tops out at 1968 or 1978 and holds level till early Monday or Tuesday sef.

Lol, I see am. I only answered the belief that you want make e buy to ur tp, then you sell all thru today. I know say e go sell small, but my overall bet is on buy (4 today). In the event that your bolded plays out, against my bet, then na you be MM relative cool

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Re: Forex Trade Alerts / Discussions: Season 24 by Puremark(m): 10:57am On Feb 02
Davigled:


My broda, I was gambling with synthetics, I had way too much loosing streak even though my winning trades are bigger than my losses, for every 1 profitable trade that I have, i would have lose like 6 to 8 trades before that win.
what about forex are you not lossing .you just need to learn how to trade synthetic. I have being doing a lot of research on synthetic indices strategy.
I will soon start trading it.
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 11:04am On Feb 02
Puremark:
what about forex are you not lossing .you just need to learn how to trade synthetic. I have being doing a lot of research on synthetic indices strategy.
I will soon start trading it.

Yes I do lose in forex too, but not compared to synthetics, I have compared my performance between the two, and I can say that I am doing okay, my biggest problem is indiscipline and lack of patience, but as for consistency, I have found better consistency in trading forex compared to synthetics. I'm am not giving up on synthetics but for now let me conquer forex b4 I try synthetics again, one cannot achieve mastery trying different things at the same time

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Re: Forex Trade Alerts / Discussions: Season 24 by EXLOVER(m): 11:06am On Feb 02
Davigled:


Yes I do lose in forex too, but not compared to [/b]synthetics, I have compared my performance between the two, and I can say that I am doing okay, my biggest problem is indiscipline and lack of patience, but as for consistency, I have found better consistency in trading forex compared to synthetics. I'm am not giving up on synthetics but for now let me conquer forex b4 I try synthetics again, one cannot achieve mastery trying different things at the same time


[b] I recommend you trade v250 to make a lot of profits

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Re: Forex Trade Alerts / Discussions: Season 24 by Bimmarlykay(m): 11:14am On Feb 02
Davigled:


Bossmi I can confidently tell you from my own experience that us30 is the scariest of all, I am yet to see any financial asset that beats us30 in volatility, not even Gold sef fit beat. dat gurl na confirm werey she be ooo. na only synthetic indices beat us30 for volatility. but I like her pass gold. 😁

Trust she's(us30) the most volatile but am talking about pip-$ ....i still dey eye dat gal called Silifa. grin
Re: Forex Trade Alerts / Discussions: Season 24 by Bimmarlykay(m): 11:16am On Feb 02
Eu and Gu should continue forming likka a gal,all i know is its going down in few hours... will scalp the hell outta it. cool
Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 11:18am On Feb 02
samfelly:


Lol, I see am. I only answered the belief that you want make e buy to ur tp, then you sell all thru today. I know say e go sell small, but my overall bet is on buy (4 today). In the event that your bolded plays out, against my bet, then na you be MM relative cool

for where...

All na dice, boss but this is why i took the trade on 15 min chart

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Re: Forex Trade Alerts / Discussions: Season 24 by Bimmarlykay(m): 11:19am On Feb 02
I'll wait for Gold in 206xx then sell it.
Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 11:42am On Feb 02
wuyexzy01:

Ha! That is not a double bottom from my side o but fake out wicks. That's just market doing its thing! I'll show u what i deem double bottom later. Reduce ur lot size throw ur S.L where ur biase will be negated!!! Cash out couple times. Study chart more on a big screen. That will bring confidence in what u see. And always let ur biase play out.

Brother the game is not hard but very tough!

Hmn.. Maybe I have been wrong all these times.. Pls explain what makes it invalid as a double bottom. I want to learn.. Coz me I dey reason say the bottom was visited two times, although the second visit leg was full of wicks.. Could that be the reason sire?

Re: Forex Trade Alerts / Discussions: Season 24 by richgen(m): 12:01pm On Feb 02
The market is erratic because of the NFP news driver dropping at 2:30 pm today.

Let's trade smart.
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 12:07pm On Feb 02
Bimmarlykay:


Trust she's(us30) the most volatile but am talking about pip-$ ....i still dey eye dat gal called Silifa. grin

silifa pipvalue is highest among all financial asset class but she too slow like igbin and her spread dey wide which is a huge turn off for me
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 12:09pm On Feb 02
EXLOVER:



I recommend you trade v250 to make a lot of profits



oh yes I use to trade v250s, together with v75, v100 and v50s but you need nothing less than 100 dolls to trade v250 (my opinion though) because just small move fit liquidate you

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 12:10pm On Feb 02
richgen:
The market is erratic because of the NFP news driver dropping at 2:30 pm today.

Let's trade smart.

Boss, what do you make of this in light of eurusd movement?

This is chart of dollar index,

Re: Forex Trade Alerts / Discussions: Season 24 by klinksd: 12:41pm On Feb 02
AUDUSD
Sell Limit

E: 0.6621
S: 0.6632
T: 0.6467
RR: 1:14

...always account for the volatility of spreads.
...may the blue pips be with us. 🥂

@Rickk
@thegoodnews
@wuyexzy01 et al {and others}.

...better food don land ooh... wink
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 12:43pm On Feb 02
richgen:
The market is erratic because of the NFP news driver dropping at 2:30 pm today.

Let's trade smart.

Bossmi you are right, just checked EU GU and Gold, and its all jargons I'm seeing on it, but indices are looking super clean especially US30
Re: Forex Trade Alerts / Discussions: Season 24 by LincolnOnyeabor: 12:54pm On Feb 02
EXLOVER:



I recommend you trade v250 to make a lot of profits



grin grin grin

Which kind advise abi na recommendation be this na boss

V250 way be like Devil's advocate abi you meant V25??

V250 na No go Area ooo
Re: Forex Trade Alerts / Discussions: Season 24 by EXLOVER(m): 12:58pm On Feb 02
LincolnOnyeabor:


D grin grin

Which kind advise abi na recommendation be this na boss

V250 way be like Devil's advocate abi you meant V25??

V250 na No go Area ooo
That thing wey deriv do to that market very bad, that was my sweetest market then, I use am dey flip account, I can open 6 positions because i understand the market well. All of a sudden they change am for me, the market blow my account steady, even to open just 1 position is a nightmare now.

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