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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts Season 17 (335021 Views)
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Re: Forex Trade Alerts Season 17 by wuyexzy: 12:05pm On Jul 25, 2017 |
greenalwaz:link sent |
Re: Forex Trade Alerts Season 17 by hegelian: 12:48pm On Jul 25, 2017 |
hegelian: thank you. I have received it and also sent aknowledgement |
Re: Forex Trade Alerts Season 17 by greenalwaz: 2:13pm On Jul 25, 2017 |
Thanks alot got it |
Re: Forex Trade Alerts Season 17 by moneyflo: 4:34pm On Jul 25, 2017 |
Crude oil shooting up |
Re: Forex Trade Alerts Season 17 by Bolutumiii(m): 10:30am On Jul 26, 2017 |
Fx pro in the house, pls hw do one know the right time to get out of a trade, Cus sometimes I take a thousand, a thousand nd half, close to two thousand green Pips nd the trade later go against me simply because I don't know when to get out / take my profit nd close my trade |
Re: Forex Trade Alerts Season 17 by hegelian: 10:35am On Jul 26, 2017 |
Bolutumiii: thats the multi million dollar question..Exiting is actully the most important part of trading... i will recomment ATR, fractal usage or RSI overbought at 60 and 70 and over sold at 25 and 35...these are the three things i use. I sometimes use volume spike and peak levels also |
Re: Forex Trade Alerts Season 17 by redsox11: 10:37am On Jul 26, 2017 |
Bolutumiii: Experiment and see what works best for you. 1 Like |
Re: Forex Trade Alerts Season 17 by redsox11: 10:44am On Jul 26, 2017 |
Got taken out at breakeven on AUDCAD, missed the re-entry and miss the GJ top too as I wasn't at the PC. Good thing about being away from the PC is that, you also get to miss some bad trades. GJ with 12 SL, open target. If it doesn't break down fast (as it's finding it hard to break today's low), I'm going to set to breakeven. Dull week so far for me.
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Re: Forex Trade Alerts Season 17 by JerryQ: 11:30am On Jul 26, 2017 |
Good -GU --Buy
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Re: Forex Trade Alerts Season 17 by orfilla4(m): 11:46am On Jul 26, 2017 |
Bolutumiii:"Experience is the best teacher" |
Re: Forex Trade Alerts Season 17 by redsox11: 11:58am On Jul 26, 2017 |
GJ -12 pips Still have GU buy i'm holding.
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Re: Forex Trade Alerts Season 17 by redsox11: 12:18pm On Jul 26, 2017 |
GBPUSD
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Re: Forex Trade Alerts Season 17 by redsox11: 12:25pm On Jul 26, 2017 |
If you're mistakenly banned by bot... you should message the moderators to lift the ban. For those who don't know. 1 Like
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Re: Forex Trade Alerts Season 17 by redsox11: 2:37pm On Jul 26, 2017 |
Good read from Fezmar As I stated earlier, in a very small nutshell I simply take advantage of large risk to reward ratios. The main reason I began trading like this (apart from the insane profitability) was the fact that I hated the pressure of needing a high win rate. I mean I despised it. I just could not predict the market accurately enough to make decent money from it. Now, I first began trading from a $3,000 account. You've seen my balance currently from the first post. Once again My success to date has come from under 20 trades. Ah, Fez has gone crazy. What is he talking about? Let me ask a question that may open your eyes. Did I take only 20 trades? If I answered yes to this, then I really have lost my mind. Of course not. I have perhaps taken around 300+ trades. I'm simply saying that of those, under 20 were successful. Where does that put me in terms of the classic win rate? Under 7%. That's right, I consistently take consecutive losers and breakeven without batting an eyelid. I have always been an ambitious person. I grew up in a poor home and for me the 10% a month gain simply wasn't enough. Call that greed if you will, I like to think I had high aspirations. I think one of the main things that assisted my success was the fact that I didn't spend time on any forums, or even speaking to other traders. I first met another trader only when my account was already nearly at six digits. Perhaps you will call this luck. That may well be. As I said, I'm not saying this will work for you. I'm simply sharing with you what worked for me. These days I could never achieve those kind of % returns, simply because I am risking only 0.5% per trade now. However, with a 1:40 (For example) risk:reward, that's still a 20% gain. I'll leave you to calculate how much that is. Once again, am I achieving 20% gain per trade? Of course not! When I initially began, I was risking 3% per trade. My palms begin sweating to even think about risking that kind of percentage now. And let me tell you, I was up to around 50k and was still risking 3% per trade, until it sunk in that I was putting $1,500 on the line every time. That is when I began to reduce my risk. Would I recommend you risk something like 3%? No. There is a high risk of blowing out your account like this. At 0.5% now Why might this method not be suited to you? Two main reasons. 1) You can't stand to be wrong. Me, I'm the opposite. I love having the freedom of being able to make many mistakes. I actually enter a trade expecting to lose, and am very surprised if it's actually a winner. It's just in my nature. I'm very comfortable taking many losses knowing that once the Tsunami comes i'll be taking home a very lucrative paycheck. Many people in the past have told me how I'd be more profitable if I simply set a smaller target and won more of my trades. Perhaps they are right. I'm not interested though. I'm comfortable with this method, and I'm making more money than I possibly need. 2) The drawdown. This bit got very ugly. In fact when I first started, my $3,000 was down to $600 before I made my first win. That requires some real nerves. What was my balance when I won my first trade? $6,600. I over doubled my initial starting balance with a single win. My second trade brought me up to $11,400 or thereabouts. My 3rd win was my most memorable. I managed to turn my account into $25,000 with one win. I couldn't sleep for several nights. Those are the two reasons why this may not appeal to you. And it's perfectly reasonable that it doesn't. 2 Likes |
Re: Forex Trade Alerts Season 17 by mumu9gerian: 3:07pm On Jul 26, 2017 |
wuyexzy: Kindly send to greatdee11@gnail.com |
Re: Forex Trade Alerts Season 17 by prettyboey(m): 3:29pm On Jul 26, 2017 |
redsox11: Congratulations!!! More greener pips to your account |
Re: Forex Trade Alerts Season 17 by FxBase(m): 6:34pm On Jul 26, 2017 |
Pros in the h?ouse, any forecast on the FOMC due for 7pm tonight? Thanks |
Re: Forex Trade Alerts Season 17 by bigbasho: 8:59pm On Jul 26, 2017 |
Pipsbasketings: my G/U paid off after dancing skelewu. #PatienceAndOptimism
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Re: Forex Trade Alerts Season 17 by wuyexzy: 10:09pm On Jul 26, 2017 |
bigbasho:my first two early entry got taken out at B.E added another two...#SwingTradeAndChillax
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Re: Forex Trade Alerts Season 17 by Fxmanager(m): 10:37pm On Jul 26, 2017 |
Profit for today 26th July, 2017 is +1% with today's relative drawdown of 1.03% This week profit is +1% This month of July return is currently +14.1% Profit since inception is +17.3% Profit since inception is +17.3% with a relative drawdown of 5.65% (Relative drawdown here means the maximum drop in account equity while generating this return) as highlighted in the second picture below. That means 5.65% of the account was risk to generate the return of +17.3% since inception. You can follow our public currency trading journal in the link below. https://www.nairaland.com/3901897/currency-trading-journal-target-avg For more detailed performance and fund management, contact us through our signature.
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Re: Forex Trade Alerts Season 17 by drpips1(m): 10:41pm On Jul 26, 2017 |
Hello Gurus, How is trading today, can say FED did a nice job tonight......Can anyone please recommend a good broker that accept Nigerians(Excluding FXTM,XM and Hotforex), criteria is a minimum leverage of 500, and a low spread that can be good for scalping, and an honest dealing reputation........ |
Re: Forex Trade Alerts Season 17 by drpips1(m): 10:50pm On Jul 26, 2017 |
trading algorithm price action traders have in common 1 Like
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Re: Forex Trade Alerts Season 17 by Capitals: 11:04pm On Jul 26, 2017 |
4months later and GU still looking good. Many tp in the bag, Its nice being at the beginning of a new trend 5 Likes
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Re: Forex Trade Alerts Season 17 by Davigle(m): 11:35pm On Jul 26, 2017 |
bigbasho:Pls do you use mt4 or mt5 |
Re: Forex Trade Alerts Season 17 by opsydudu(m): 12:51am On Jul 27, 2017 |
Still following...so much to read and learn. |
Re: Forex Trade Alerts Season 17 by Feshizzy(m): 1:16am On Jul 27, 2017 |
Bolutumiii: If we know the exact answer to this, We all would be over night millionaires Listen to "the gambler" by rogers. You can learn a thing or two. |
Re: Forex Trade Alerts Season 17 by Feshizzy(m): 1:24am On Jul 27, 2017 |
Fxmanager If you keep it up this way with your style till December then you are the Man! But in the meantime, Put your money where your mouth is and open a live account! You can't expect a serious minded individual to invest on a demo account, The feeling is completely different Cheers! 1 Like |
Re: Forex Trade Alerts Season 17 by Nobody: 8:37am On Jul 27, 2017 |
drpips1: but tell us the truth, do those algorithm comes into your mind while trading or emotion get a better of you? |
Re: Forex Trade Alerts Season 17 by Nobody: 8:40am On Jul 27, 2017 |
Feshizzy: @BOLDED |
Re: Forex Trade Alerts Season 17 by drpips1(m): 10:02am On Jul 27, 2017 |
wamiikechukwu:lol.... when i started trading yes emotions.....but now emotions are alien to me, im a scientist .....but wait a sec was hoping you ll recommend a good broker for me |
Re: Forex Trade Alerts Season 17 by Fxmanager(m): 11:00am On Jul 27, 2017 |
wickyyolo: Can you please put a link to the performance statistics of the best trader among your 50 traders in your signature and let fellow traders and our potential investors compare and judge which is the best performance for an investor to invest his money on? wickyyolo: Investors do not care how many pips you made on trades, but the return on their investment (ROI). If our 30pip or even 15pips per trade can give a higher percentage return on investors capital with an acceptable low drawdown (Highest percentage drop in account equity during the live of the account) and your 150pips can’t give an investor a reasonable return on his investment, which trader or fund manager will the investors invest their money on? Have you heard about high frequency trading systems use by the banks,hedge funds and large financial institutions to move in and out, millions of trading positions in seconds or fraction of a second at high volumes and at high speed aiming to capture a fraction of a cent or pip in profit? Google is your friend. wickyyolo: Is there any better way to build credibility than by running our currency trading journal in the public forum like we are doing right in the eyes of our potential investors. Note that our link(in our profile signature) to our performance statistics is from third party sites(fxblue,myfxbook, etc), sites that verifies trading performance statistics. wickyyolo: We are not expecting you to invest in a 1 month old company. The truth is that every company started from a day to one month old and beyond, and our major focus is in being consistent in our performance while also working constantly to improve our strategy to adapt to any market changing conditions going forward,as this is what will preserve the live of our fund management company. We are assuring you that unless the world is using one currency, only liquidity can stand on our part to giving investors the maximum returns on their investments with us. We are saying these because at a point we might close to new investors, as we will not want more funds to dilute our performance due to lack of liquidity. But there is good news to our potential investors as our trading strategy has a very low capacity constraint and has the ability to handle large orders in the currency market. Any investor can decide how long he/she wants to observe our public trading journal one,two,three months or so,before investing his/her fund with us. wickyyolo: We expect our potential investors to be smart in dealing with any forex/currency trader,coach,teacher, guru,signal provider,fund managers, etc and to request a recent verified track record from an independent third party verified site like myfxbook,fxblue, etc as the starting point and not to be fool by screenshots, photoshoped pictures, etc. |
Re: Forex Trade Alerts Season 17 by drpips1(m): 12:09pm On Jul 27, 2017 |
@ fxmanager Sire, many words, many lies, put in your real money and you dont even need to advertise before people invest in you, you are grossly violating the silver rule 3 Likes |
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