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Forex Trading - Season 15 - Business (6) - Nairaland

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Re: Forex Trading - Season 15 by christian11(m): 9:51pm On Jan 05, 2015
naijababe:


On my platform, it is DJIA but could also be US30
I beg ehhh... how do you trade it, do you trade based on fundamental factors or technical analysis?
Because fundamentally I don't know how or where to get news about Dow Jones. Thanks..
Re: Forex Trading - Season 15 by Nobody: 9:53pm On Jan 05, 2015
christian11:

I beg ehhh... how do you trade it, do you trade based on fundamental factors or technical analysis?
Because fundamentally I don't know how or where to get news about Dow Jones. Thanks..

Just technical analysis. There is no need to do anything special, just load monthly and weekly pivots and trade these two candles sticks only - engulfing/railroad pattern and pin bars on the one hour time frame. That's all you need really.

5 Likes

Re: Forex Trading - Season 15 by Bennyhawk: 11:13pm On Jan 05, 2015
Good evening and Happy New Year to all the traders... I wanna join the Queen of forex and other Pro here in trading indices... I am on Dax presently and it Is doing wonderful. I will appreciate your further assistance
Re: Forex Trading - Season 15 by mez(m): 11:18pm On Jan 05, 2015
German DAX is on a free fall.
Daily candle have tested the 200 EMA.
I hope tomorrow's candles break it.
Re: Forex Trading - Season 15 by Nobody: 11:43pm On Jan 05, 2015
Goodbye FTA family....its time to bid my farewell
Re: Forex Trading - Season 15 by currentprice: 12:11am On Jan 06, 2015
^^ (Aggrippa)
Re: Forex Trading - Season 15 by maslong(m): 12:11am On Jan 06, 2015
christian11:


E no hard, just click on accounts, the click on log in with existing account or open a new account, then type your company/broker's name in d search box that appears, then login it & u are good to go.

Beautiful, may God bless you. smiley
Re: Forex Trading - Season 15 by ibnquasale(m): 1:24am On Jan 06, 2015
naijababe:


On my platform, it is DJIA but could also be US30

Please, what's the difference between US30Cash and US30-Mar 15..... ? I have the two on my platform.
Thanks
Re: Forex Trading - Season 15 by greenalwaz: 4:41am On Jan 06, 2015
FOREXMARTS:
Like my mentor told me 4 years ago, "if forex is not boring then you not making money. 12 ema is making the newbie tutorial job easy for me so i will only make additions where necessary. Reading all the posts he has made so far i noticed no one talked about execution method and weekend leverage drop on brokers so here is what i got to say.

Please and please if you are a newbie and most likely trade intraday do not use a market maker broker, they trade against you. Use a straight through processing (stp) broker only. The easiest way to know if ur broker is a market maker or stp is through your order window. If ur broker's order window says buy, sell then ur broker most definitely is a market maker. If the order window says sell by market, buy by market then ur broker is stp. Will post a link about the different execution methods of brokers.

Also I advice you use brokers who operate segregated accounts. The more segregated the better. Segregated accounts mean that traders fund are kept separately in banks and are not used in the day to day activities of the broker. Also ensure that ur broker is, at least regulated by FSA uk.

Good morning house.
Thks for ds,pls can u kindly expanciate on sell/buy diff. in both with a picture for better understamding,thks in advance.

1 Like

Re: Forex Trading - Season 15 by Nobody: 8:25am On Jan 06, 2015
ibnquasale:


Please, what's the difference between US30Cash and US30-Mar 15..... ? I have the two on my platform.
Thanks

US30 cash is spot which is the one I trade, Mar 15 is futures.

1 Like

Re: Forex Trading - Season 15 by natruetalk: 9:07am On Jan 06, 2015
natruetalk:

after collecting my pips, she show me she can break d zone 2 pass thru with d expected fat candle
anyway back to d 4th round draw /Liverpool FA watch

recovered back my pips from oil already early dis mornin on d re-test of d 50.3x zone

now let c if 48.5x levels can be printed & breached 4 real bear or a move back above d 50.3x zone for bullish sign.

Re: Forex Trading - Season 15 by Nobody: 9:49am On Jan 06, 2015
natruetalk:


recovered back my pips from oil already early dis mornin on d re-test of d 50.3x zone

now let c if 48.5x levels can be printed & breached 4 real bear or a move back above d 50.3x zone for bullish sign.




gud

am on test acct scalp 30 pips just now. just try & be updating d thread as I will like to flow along with your trades on d go. right now i want to go live on 12th Jan with a $100 or $150 whichever comes first and scalp along side currency & God willing compound till June ending cos of small capital. dis year is slow & steady trading for me
Re: Forex Trading - Season 15 by honeric01(m): 10:14am On Jan 06, 2015
greenalwaz:
Thks for ds,pls can u kindly expanciate on sell/buy diff. in both with a picture for better understamding,thks in advance.

Here's an STP

Re: Forex Trading - Season 15 by Nobody: 10:22am On Jan 06, 2015
Selling the Dow again, mental sl of 45 pips
Re: Forex Trading - Season 15 by natruetalk: 10:49am On Jan 06, 2015
natruetalk:


recovered back my pips from oil already early dis mornin on d re-test of d 50.3x zone

now let c if 48.5x levels can be printed & breached 4 real bear or a move back above d 50.3x zone for bullish sign.

chai! could hav let my earlier trade run little bit, closed it cos dis is not my best trading tyme. anyway another opportunity will come

if 47.70 printed 2day i will take a BUY risk depend on d mkt condition & "only valid today" if printed. let watch 1st dis current level

Re: Forex Trading - Season 15 by willscolf: 11:53am On Jan 06, 2015
natruetalk:


chai! could hav let my earlier trade run little bit, closed it cos dis is not my best trading tyme. anyway another opportunity will come

if 47.70 printed 2day i will take a BUY risk depend on d mkt condition & "only valid today" if printed. let watch 1st dis current level
hmmmm,na m b say b4 me go bgin trade oil again una 4 don finish d money
Re: Forex Trading - Season 15 by Nobody: 12:20pm On Jan 06, 2015
mez:
German DAX is on a free fall.
Daily candle have tested the 200 EMA.
I hope tomorrow's candles break it.

Correct my friend. Free fall.

#but for today, its a buy until it gets to around 9600ish before the sell continues again. #just my opinion, might be wrong.

1 Like

Re: Forex Trading - Season 15 by Nobody: 12:37pm On Jan 06, 2015
I must confess oil dey respect PA & candles. Very sweet instrument

pic removed 30-01-2015
Re: Forex Trading - Season 15 by MikkeyJ: 12:55pm On Jan 06, 2015
naijababe:
Selling the Dow again, mental sl of 45 pips

Everybody nw buyin & sellin oil cos of u.

1 Like

Re: Forex Trading - Season 15 by Nobody: 12:59pm On Jan 06, 2015
MikkeyJ:


Everybody nw buyin & sellin oil cos of u.

Lol...............just closed my Dow sell cos it just a broke a resistance at 17555. Looking to buy at close of candle.
Re: Forex Trading - Season 15 by femiola3: 1:13pm On Jan 06, 2015
naijababe:


Lol...............just closed my Dow sell cos it just a broke a resistance at 17555. Looking to buy at close of candle.

Pls on which time frame ?
Re: Forex Trading - Season 15 by Nobody: 1:17pm On Jan 06, 2015
femiola3:


Pls on which time frame ?

1 hr
Re: Forex Trading - Season 15 by Nobody: 2:23pm On Jan 06, 2015
See that yeye Dow Jones, that break appears to be fake. I will be waiting for it at 3pm
Re: Forex Trading - Season 15 by natruetalk: 3:04pm On Jan 06, 2015
naijababe:
See that yeye Dow Jones, that break appears to be fake. I will be waiting for it at 3pm

boss i don dey follow watch DJ now o. who knows whether oyel go soon finish now

anyway DJ is still bearish to me but we can c little run up from here

meanwhile am eyeing to buy oil from here, if d 48.5x zone still stand
Re: Forex Trading - Season 15 by Nobody: 3:07pm On Jan 06, 2015
natruetalk:


boss i don dey follow watch DJ now o. who knows whether oyel go soon finish now

anyway DJ is still bearish to me but we can c little run up from here

Oga mi, you don port completely to my side grin. DJIA is volatile like crazy, so I never hold it overnight, I tend to trade it on the hourly tf. Right now it is stuck between 17560 and 17486, I will join when either breaks. It is bearish on the daily though.
Re: Forex Trading - Season 15 by Nobody: 3:58pm On Jan 06, 2015
naijababe:


Oga mi, you don port completely to my side grin. DJIA is volatile like crazy, so I never hold it overnight, I tend to trade it on the hourly tf. Right now it is stuck between 17560 and 17486, I will join when either breaks. It is bearish on the daily though.

pls is dis DAX. if yes na to port to alpari be dat oo. love d volatility & straight processing of PA


pix removed 30-01-2015
Re: Forex Trading - Season 15 by Nobody: 4:01pm On Jan 06, 2015
tom29reloaded:


pls is dis DAX. if yes na to port to alpari be dat oo. love d volatility & straight processing of PA

That is Dow Jones.
Re: Forex Trading - Season 15 by natruetalk: 4:03pm On Jan 06, 2015
natruetalk:


boss i don dey follow watch DJ now o. who knows whether oyel go soon finish now

anyway DJ is still bearish to me but we can c little run up from here

meanwhile am eyeing to buy oil from here, if d 48.5x zone still stand



it 4pm

price keep moving up/down above d zone too long since tested, am taking BUY risk from here

just bought oil @ 48.74 with 100pips SL

will jump out if not convenient for me again but if it goes my way with few pips i will move my Stop to BE.

Re: Forex Trading - Season 15 by Owliver(m): 4:06pm On Jan 06, 2015
tom29reloaded:


pls is dis DAX. if yes na to port to alpari be dat oo. love d volatility & straight processing of PA
for a 100-150$ acct you shouldn't be risking more than 3-5% just like you said earlier on. I see you have entered 3 trades today alone. Pls follow your plan. Slow and steady. Good afternoon mr
Re: Forex Trading - Season 15 by natruetalk: 4:09pm On Jan 06, 2015
natruetalk:


it 4pm

price keep moving up/down above d zone too long since tested, am taking BUY risk from here

just bought oil @ 48.74 with 100pips SL

will jump out if not convenient for me again but if it goes my way with few pips i will move my Stop to BE.

it a risky trade

so SL move to BE

Re: Forex Trading - Season 15 by Nobody: 4:23pm On Jan 06, 2015
PIPnator:


Correct my friend. Free fall.

#but for today, its a buy until it gets to around 9600ish before the sell continues again. #just my opinion, might be wrong.


I must have been a bleeping prophet..lol

#If you still considering sell, wait until its gets to 9700ish but mehn the way i see the last 2 4hr candles, it might be a change in trend to the north. #still might be wrong.
Re: Forex Trading - Season 15 by Nobody: 4:29pm On Jan 06, 2015
Owliver:
for a 100-150$ acct you shouldn't be risking more than 3-5% just like you said earlier on. I see you have entered 3 trades today alone. Pls follow your plan. Slow and steady. Good afternoon mr

thank u sir. though is just a demo account. i just decided to take snap shot on dow Jones which is not available on pepperstone.
Alpari spread seems high for $200 acct. from my experience just now, i will replenished my pepperstone account cos they agree dat am ok to fund below $200 being dat i am an old client.

i entered 3 trades cos early dis morning i earned %5 on EU. I lose some & gain some. Happy pipping to u.

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