seyiade26:
So I have reset the GU trade to close at breakeven (just a little move down). The trade has already evaporated and the chart doesn't look the way I want. I should have hit top by now to claim it was a successful trade.


It is not an entirely new idea to me; but something I tried and dropped before because of not enough entry criteria...

AwesomeDuru:
Alright, thanks bro, I'll keep at it.

infofirst:

May God bless your effort bro. Am highly impressed. No one has arrived yet but I must whisper to you that I love your fighting spirit, hard and smart work to excel in this market. Please keep it up. Tough times await in the market. But do not relent nor lose hope. I took time to read your past posts. I saw many similarities between us. I hope beginners will be this committed to get there too. I just finished reading redsox11, Hopium, tunderr posts since the last ten days. I saw wisdom in em.

Long story cut short. Based on the aforementioned, I will not wait to see your 3months demo statement as I said earlier. I have messaged you. Reply and let's interact and I will drop the $100 right away. Please maintain the demo and never compromise money management. It's an unforgivable sin in this business.. I wish you only the best in fx and in life. Cheers.

So which broker will you opt for?

AwesomeDuru:
Do you have any idea the joy I felt seeing this? You're kind hearted bro, far too kind. I literally screamed with joy seeing this post!

I can't access the email I used in opening my account here, so please send me a message on WhatsApp 08031893245

I already opened an account with FXTM. Their downside is their huge spreads and swap fees. But on the whole, they are good and they have responsive customer service. Hotforex would have been a nice alternative but their 5 star rating on ForexPeaceArmy is too good to be true so I'm sticking with the devil I know.

I'll be waiting for your response, thanks again.

infofirst:
So to encourage the beginners, if you are a beginner here and have been contributing here. Show me your demo performance for the last three months. If it's one month, show me and I will follow your demo progress for another two months. If you can successfully trade the demo for three months. I will give you $100 to go live. With promise that you will not trade more than 0.01 lot and no more than two trades at a time.

Even with all my improvement and understanding, I still play with a demo account. I took my January demo to around 17k from 10k. Then lost it. This February 1,,i started again and the result is attached.
Am playing with 10k demo because am on the mission to take my two live accounts to $10k this year like I have always stated here. So I want to see what I can do next when they get there.

AwesomeDuru:
All trades now closed. I have gotten more than enough of my weekly target. So I will be staying on the sidelines till next week, unless I see a really nice setup. My eyes are on USDCHF and GBPNZD.

I just doubled my second $100 account and would have closed this and opened a new one but I have a deal with infofirst. So I'll ride this one out.

HHappy pipping everyone.

alphaNomega:


Dude what's your leverage?

AwesomeDuru:
1:200

seyiade26:

Update: SL hit. False start

seyiade26:
Another entry. I am impatient like that...

AwesomeDuru:
Hi everyone, infofirst just delivered on his promise. He sent me N37k with enough encouragements and words of wisdom.

You're a gem bro. I am really touched that there are people like you on this planet still. You have a kind heart and I pray life rewards you adequately for this goodwill gesture. You have won my heart and respect forever. Thank you so much.

coolvibes:

Good luck man but why fxtm? Their spread no be here and they are a 'market maker' meaning they often take the opposite side of all your trades

redsox11:
Some of the GBP pairs done 50% correction already, rather fast than I expected.
Looking forward to FOMC later in the day.
Trade well guys.



He should look at brokers review, personally I'll go with good broker with low instead of high spreads.

PIPnator:
Some possibles

~GBPCHF..Still stalking this one.
Price is at 78.6 fibo.
Im hoping for fibo retracement to the support.
However price might make a mess of the whole analysis and do as it wishes.

~NZDJPY
~NZDCHF

redsox11:


He's trading 0.01, that's the lowest you can get I suppose and that's wonderful management. Keep it up and don't let greed get in the way, because you will start feeling you're not making enough and want to increase your size before you are ready.

Good job man, I'm impressed.





First you have to remember I mentioned you need finesse to trade that way (have to be advanced), it's far easier to trade with the flow of the market. I don't go out seeking for it most times except I miss initial entry to go with the flow of the market.

Tips;
-Don't do it if the market just start UP or DOWN trend, for you, wait minimum of 3 days trend to think of entering that way, those will be the easiest entries you can get.

-SL is 20-25 pips minimum above the high, you start counting from the high, not from your entry.

-As you're trading against the flow, you ain't going to get a lot of pips, take what you can get and protect yourself.

-Say GU daily move averagely 120pips/daily, wait for it to do 120-150 pips before looking for entry, better if you get W/M formation before entering.

-Most often than not, it's not going to be a change of trend, sometimes it can fall 100-150 pips but those are rare.

- MOST IMPORTANT tip, you've got ONLY 1 "/pair" shot at the entry, if market it your SL, you MUST not re-enter (So you don't start chasing your tail and start racking up losses coz that's what you'll get if you start re-entering. Just 1 shot and that's it)

*** Best I can tell you is enter with the flow of the market, not counter trade.

farem:


Please how can I pm you directly? It's urgent.
Thanks

PIPnator:


Mail through Nairaland email service.
It will get to my email and I will reply immediately I see your message.
Regards.

seyiade26:


I really appreciate this. Much thanks. The fact is I knew the second entry was very bad discipline because it was entry in no man's land. I initially set a limit order but it started to turn before arriving. So I just jumped in. I would not normally do that. The failure of the first one was completely explainable for me as it used a different support to what I was counting on.

Obviously I don't only trade that way and I have used two other promising manual methods (one pro trend and the other counter trend). Once again I prefer the one that counter trends simply because it is more decisive. When you are having pullback you have almost no idea where it will stop. It can even become a reversal.

redsox11:


The counter trend trade you want to enter , why don't you think the same way that it will continue going and not reverse. You need re-condition, it's hard but you've got to do what you go to do, find balance.[/color]

Some of the GBP pairs start coiling and shooting up.

AwesomeDuru:
You sound like somebody who wants to pick a fight at all costs rather than rub minds, hence, I will try one last time to respond to you.

First off, did you read the part I wrote "... I wasn't really reading the contents, but I was looking at the numerous charts in his book and that was when the light bulb clicked on? Did you read that part? You sound as if I said I know it all and unless one reads that book, he wouldn't be profitable. Really man? Do you have a personal problem with me? On a normal day, I would give you a good dressing down, however dirty it might get, but I have pledged to be loyal on this thread, so I'll look away.

I bet my balls you don't know anything about trading. Look at how you talked about Fibonacci and Elliot Waves as if they are some great stuff of legend, shows you hardly ever went through babypips.

Again, trade your own way and make your money, stop giving me unnecessary mentions.

PIPnator:


Mail through Nairaland email service.
It will get to my email and I will reply immediately I see your message.
Regards.

farem:


I am finding it difficult to send another mail. I will be glad if you give me personal mail add. Thanks

PIPnator:


I got your message just about now and i replied immediately.

....

Let me know when you see this, so i can delete the email.

redsox11:
Now I'm all flat, that's some good catch, 90pips +
If I see good surge upward on GBP, I'm going to SELL it back down, cause I can tell it's running on fumes.

If its going to continue the up trend , market will need to COIL before that can happen.

Waiting for FOMC

farem:



Just sent it via my yahoo mail. Thanks

PIPnator:


Seen.
Will read and reply shortly.
You can remove my email from here ok.
Thanks.