lawson007:
SEll AU @ 0.8034 sl 0.8055 tp 0.7994

oluwasheun94:
gurus in the house i hail o. just opened a fxpro demo account and i tried opening a trade few minutes ago. it was telling me market is closed. pls how do i go about it. is it an issue on my end. pls replies are needed asap

meshpips:


Please be careful with that trade.

The pair might start buying within the next 2 - 3 hours.

priceaction:

OK. I left my trades over weekend. Hope I will meet it here I left because of hurricane wahala. Anyway we will see how it rolls.

redsox11:
Aud/Nzd weekly chart.

Initial SL on it was 20 pips, you got to love it. Sticking it to the buy. Don't get me wrong, I don't know for sure if it will fall, but with my entry, I have almost 85% certainty that I could get it to breakeven. The watch word is BREAKEVEN.

So imagine the price going short? ?? You see, that's endless possibility. A small move on the weekly chart is 100s of pips. Drag your cursor on weekly chart, you will see how fast it can fall 500 -1500 pips. All for 20 pips stop loss. Tell me, is that not risk worth taking anytime?

Where I learnt it from, it's called prodding, soon enough one will stick and you'll be in good pips.

Ps: [b]Bigbasho, where are you? this entry is for you and don't tell me you don't have a entry somewhere around there. The way you pick your tops and bottoms, I'm afraid of you. [/b]

Pps: I was going to take few new traders to teach but I can't as what I wanted to work with is so subjective not as mechanical as I initially thought

meshpips:


Please do not be too quick to hush the guy. He is saying something that will be beneficial to everyone who thinks deeply about what he is saying.

Volume and open interest are extremely important.

lawson007:

@ priceaction, am not sure of the sell of usdcad do you see a Buy as well?

bigbasho:

Guessed from that point boss?

meshpips:


Please do not be too quick to hush the guy. He is saying something that will be beneficial to everyone who thinks deeply about what he is saying.

Volume and open interest are extremely important.

bigbasho:

Chai Redsox. You have succeeded in bringing me out of my shell abi. Though I didnt take it but we have same eye for it. Might get obstructed at the next point. Same way I admire your level picking. Still hoping to learn few things from you boss. Kikikiki

djwalata:

great but it still has d capacity to buy up to 1.1180

redsox11:


It kicked me out. Crazy A/N



Thanks to djwalata that told the market to go back up and take me out.

lawson007:
SELL [color=#990000][/color]AU again @ 0.8033 Sl 0.8073 tp1 0.7983

redsox11:


It kicked me out. Crazy A/N
You should have taken profit at 1.1045. Sorry I dont wanna impose it on you that is why I didnt mention it. You can see the reaction at that level.



Thanks to djwalata that told the market to go back up and take me out.

redsox11:


It kicked me out. Crazy A/N



Thanks to djwalata that told the market to go back up and take me out.

nennin:
early this year i lost around 65k on forex trading because of emotion. i wanted to double the money in other to use it get a laptop and go for the training which was around 30k, and also a start up capital. though i double it but doubling it is not enough i keep on firing it till fire burn out the account entirely, my greatest ememy in forex is greed and i don't know how to overcome it. any help on this? i will appreciate it thanks in advance.

wamiikechukwu:


my brother no be only you ooo, emotions is very powerful and as human, we can not escape from it and this business doesn't need an atom of it at all.

how i over came mine was to set a few laws, like for example i don't trade on Monday, i trade only four currency pairs, i trade once per day....

those are just few examples of what i do, i notice the more i follows these rules the more my will power increase to help over come this emotions, and the more my account grow

the secondly is to code a robot, but from experience, i seems that this "greed" is transferable because one will keep changing the codes to find a perfect robot which never exist...so even getting a robot doesn't solve the problem, it just reduces it, if one is fortunate enough.

bigbasho:


You should have taken profit at 1.1045. Sorry I dont wanna impose it on you that is why I didnt mention it. You can see the reaction at that level.

That's okay, thanks. I was planning for a long hold, as I took the hindsight from weekly, and weekly should give a lot of pips Would have re-entered and set to breakeven if I was on the pc.

nennin:
early this year i lost around 65k on forex trading because of emotion. i wanted to double the money in other to use it get a laptop and go for the training which was around 30k, and also a start up capital. though i double it but doubling it is not enough i keep on firing it till fire burn out the account entirely, my greatest ememy in forex is greed and i don't know how to overcome it. any help on this? i will appreciate it thanks in advance.

harizonal123:

djwalata:

well, dt is market for u. it surely has d tendency to go north till 1.1180 if only one can wait for dt in order to reduce d sl. one can as well sell it right now and sl at 1.1260 for tp almost 500-600 pips. good luck. (based on weekly chart).

wamiikechukwu:


my brother no be only you ooo, emotions is very powerful and as human, we can not escape from it and this business doesn't need an atom of it at all.

how i over came mine was to set a few laws, like for example i don't trade on Monday, i trade only four currency pairs, i trade once per day....

those are just few examples of what i do, i notice the more i follows these rules the more my will power increase to help over come this emotions, and the more my account grow

the secondly is to code a robot, but from experience, i seems that this "greed" is transferable because one will keep changing the codes to find a perfect robot which never exist...so even getting a robot doesn't solve the problem, it just reduces it, if one is fortunate enough.

wuyexzy:
maybe we can get a long move up north... the marked point is the most near term target which seems feasible

bigbasho:

Started buying at 1.6164, I see resistance at 1.6412 of it breaks. Another at 1.6498. Most GBP crosses have resistance close. Am short on GU already. NB: price can WAWA my analysis.

redsox11:


That's okay, thanks. I was planning for a long hold, as I took the hindsight from weekly, and weekly should give a lot of pips Would have re-entered and set to breakeven if I was on the pc.




Bro hang in there, if you do long enough, you'll see the light.



Great sir, instead of jumping back in with big lotz




20 pips SL for weekly chart, is pretty low for me. I don't want to have to go 15/5mins for pinpoint entry and fall into rabbit hole.