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Forex Trade Alerts: Season 21 - Business (2) - Nairaland

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Re: Forex Trade Alerts: Season 21 by dadah04(m): 3:13pm On Jan 01
jbutney:
Happy new year everyone. I'm so glad to be following this thread from the beginning. More pips to us. The Blues shall trample on the reds. Amen �
Osheee
Re: Forex Trade Alerts: Season 21 by dadah04(m): 3:13pm On Jan 01
jbutney:
Happy new year everyone. I'm so glad to be following this thread from the beginning. More pips to us. The Blues shall trample on the reds. Amen
Osheee

1 Like

Re: Forex Trade Alerts: Season 21 by omodada1111(m): 3:28pm On Jan 01
Happy new year folks smiley
Re: Forex Trade Alerts: Season 21 by Fmusty: 3:34pm On Jan 01
Happy new YOU
Re: Forex Trade Alerts: Season 21 by Sunnycliff(m): 4:44pm On Jan 01
Thank God we have the whole of the weekend to chart our path for the new year in the trading world.

Let's share knowledge in simplest terms for the newbies
Re: Forex Trade Alerts: Season 21 by WAVESANDGOLD: 7:15pm On Jan 01
Happy new year folks. suddenly things are taking a different direction, a direction of consistent blue pips.

1 Like

Re: Forex Trade Alerts: Season 21 by WallStreetfx(m): 7:21pm On Jan 01
Happy new year.

Let crush the market this year

1 Like

Re: Forex Trade Alerts: Season 21 by holarindey(m): 9:07pm On Jan 01
Happy new year everyone. I’ll post more on this forum this year lol and not just read. May this year be better for us all! ❤️�

1 Like

Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 9:09pm On Jan 01
153 btc needed..
Who sells here?

1 Like

Re: Forex Trade Alerts: Season 21 by coolvibes: 9:13pm On Jan 01
Happy new Season.
Re: Forex Trade Alerts: Season 21 by Brainiac12: 9:40pm On Jan 01
Donvic4u:
153 btc needed..
Who sells here?
I don't have upto that
Re: Forex Trade Alerts: Season 21 by Ajibade123(m): 10:00pm On Jan 01
happy new year famz I hope to make this year memorable
Re: Forex Trade Alerts: Season 21 by jbutney(f): 10:37pm On Jan 01
Donvic4u:


Amen o, as it relates to pips only o..
Else reds dey tramp on blues steady
I know say football fans no go like that red and blue line lol
Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 11:43pm On Jan 01
Donvic4u:
153 btc needed..
Who sells here?

I can link you up to someone. Though I doubt if he'd agree to sell. He buys most often. You can try your luck. Pm via signature.

1 Like

Re: Forex Trade Alerts: Season 21 by Jlovin(m): 1:00am On Jan 02
Happy new year FTA fam. Cheers to a positively pipful 2021 and i hope to be more active with the posts this year, so help me God.
Re: Forex Trade Alerts: Season 21 by GladmanGoddey(m): 6:40am On Jan 02
Happy New Year Fam grin

Let's have a great and fruitful Year cool
Re: Forex Trade Alerts: Season 21 by djwalata(m): 8:08am On Jan 02
If u have EUR long open position over d weekend, I pity ur SL because d gap no b small at all. Eur is selling no b small.
Notwithstanding, blue pips will surely fall on us.
Re: Forex Trade Alerts: Season 21 by highcurrent: 10:07am On Jan 02
djwalata:
If u have EUR long open position over d weekend, I pity ur SL because d gap no b small at all. Eur is selling no b small.
Notwithstanding, blue pips will surely fall on us.
do you trade on weekends?
That's why SL is always advised, especially on small accounts. But in volatile market and bad brokers, it go pass the stated SL.

like IG market trades on weekends.....
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 10:53am On Jan 02
jbutney:

I know say football fans no go like that red and blue line lol

Oya drop Ur outlook for next week..
Work done start grin grin
Re: Forex Trade Alerts: Season 21 by ogashman(m): 1:32pm On Jan 02
djwalata:
If u have EUR long open position over d weekend, I pity ur SL because d gap no b small at all. Eur is selling no b small.
Notwithstanding, blue pips will surely fall on us.

How did u know this bro?
Re: Forex Trade Alerts: Season 21 by holarindey(m): 2:23pm On Jan 02
highcurrent:
do you trade on weekends?
That's why SL is always advised, especially on small accounts. But in volatile market and bad brokers, it go pass the stated SL.

like IG market trades on weekends.....

Currency pairs or crypto?
Re: Forex Trade Alerts: Season 21 by JAkpayen(m): 2:50pm On Jan 02
djwalata:
If u have EUR long open position over d weekend, I pity ur SL because d gap no b small at all. Eur is selling no b small.
Notwithstanding, blue pips will surely fall on us.

grin grin aaaah! The gap is currently about 20 pips down from market close for eur/usd Click HERE
Re: Forex Trade Alerts: Season 21 by Crixxx: 3:41pm On Jan 02
2021. Blessed
Re: Forex Trade Alerts: Season 21 by ElectronicMoney(m): 3:55pm On Jan 02
Happy New Year everyone smiley
Re: Forex Trade Alerts: Season 21 by djwalata(m): 3:58pm On Jan 02
djwalata:
If u have EUR long open position over d weekend, I pity ur SL because d gap no b small at all. Eur is selling no b small.
Notwithstanding, blue pips will surely fall on us.
JAkpayen:


grin grin aaaah! The gap is currently about 20 pips down from market close for eur/usd Click HERE
ogashman:


How did u know this bro?
Eur sold off in all its pairs.
EurUsd closed on Thursday at 1.2215
Opened on Friday at 1.2136
Friday's high at 1.2227
Low at 1.2025
Closed at 1.2134
Re: Forex Trade Alerts: Season 21 by hidhrhis(m): 4:04pm On Jan 02
djwalata:



Eur sold off in all its pairs.
EurUsd closed on Thursday at 1.2215
Opened on Friday at 1.2136
Friday's high at 1.2227
Low at 1.2025
Closed at 1.2134
baba abeg break it down in simple english
all dis na forex grammar i no understand
Re: Forex Trade Alerts: Season 21 by blackman007: 4:24pm On Jan 02
djwalata:



Eur sold off in all its pairs.
EurUsd closed on Thursday at 1.2215
Opened on Friday at 1.2136
Friday's high at 1.2227
Low at 1.2025
Closed at 1.2134

The selling could be a retracement in my opinion, what do you think sir?

1 Like

Re: Forex Trade Alerts: Season 21 by Shevychen2: 4:40pm On Jan 02
djwalata:
If u have EUR long open position over d weekend, I pity ur SL because d gap no b small at all. Eur is selling no b small.
Notwithstanding, blue pips will surely fall on us.
According to XE.com, current gap is barely 20 pips.
Re: Forex Trade Alerts: Season 21 by djwalata(m): 5:09pm On Jan 02
djwalata:



Eur sold off in all its pairs.
EurUsd closed on Thursday at 1.2215
Opened on Friday at 1.2136
Friday's high at 1.2227
Low at 1.2025
Closed at 1.2134
Shevychen2:

According to XE.com, current gap is barely 20 pips.
I said Friday's closed was at 1.2134
Remember I didn't say current market price.
Next week open price will reveal things.
Re: Forex Trade Alerts: Season 21 by Shevychen2: 5:11pm On Jan 02
Some random pointers for the new year. (may not appeal to everyone though):

-Your stop loss is useless if you don't practice proper position sizing. What will happen to your account if a flash crash jumps your stop loss and sends your positions to -2000 pips negative? Position sizing goes beyond saying I risk 2% per trade. How much have you exposed to the market, even without a flash crash? If you'll lose more than a combined 10% of your account if all your opened trades ends as losses. That account may not last long.

-Ditch conventional indicators. Especially all those shiny arrows that are all based on moving averages.There is a 99% chance they won't work for you. You'll keep running around in circles with them until you either quit trading or you dump them.

-Embrace higher time frames. This is even more important now that sharp intraday market swings are common. You'll find your trade 70pips up, then one tweet or one news sends it back down to -40. On the higher time frame (daily, weekly, monthly), the big picture move will continue after the effects of that tweet or news has cleared. Seriously, if you learn how to look at the big picture, you'll be unstoppable. However, what qualifies as big picture will vary from one person to another. You also need to make sure your strategy always reacts quick enough to major trend changes even when you trade higher time frames. This part is tricky, but when you nail it down, you'll know.


-Don't pay too much attention to correlation.
Most forex pairs are correlated somehow at the end of the day. Even if you choose to trade only GBPAUD, CHFJPY, and EURUSD, they are still correlated indirectly. Instead of avoiding correlation, embrace it and spread your risk properly.

-Don't trade one pair. That's giving too much power to one instrument. Your account will literally depend on how that instrument moves. Aim for around 5-15 pairs and maybe (if your account can carry it) 2-3 metals and the two major ndices in your watch list. The currency pairs should be decent movers that are not too volatile or too slow. Like USDZAR, EURGBP, CADCHF etc. The slow ones will move 20 pips in one week. The volatile ones can have 30-50 pips spreads.
As you get more entries from your list, close out partial positions to balance out your overall risk exposure.

-You won't buy skyscrapers with your less than $1000 account in one year. There's a higher chance of crashing it if you want to push the limits and make as much money as possible. You need at least $100k to start dreaming about using profits from one year of trading to build houses and that's assuming you have a strategy that will allow you make 50-100% of that every year COMFORTABLY without panic, fear etc tampering with your trading results. Of course you can find some Chinese guy or something that turned 1k to 1m USD in one year from time to time.. Can YOU do it?

With solid medium risk trading, it will take at least 10 years of compounding to convert that small account to something big. Unless you show skill early enough and start focusing on attracting investors (always the best way to go).

Remember, these pointers are not for everyone. Pick what you want, discard what you don't like. I don't have power to argue anything o. Happy New Year to everyone.

17 Likes 1 Share

Re: Forex Trade Alerts: Season 21 by Karleb(m): 5:22pm On Jan 02
I guess new year resolution should be the don't trade one pair.

This seem like a really great eye opener.
Re: Forex Trade Alerts: Season 21 by blackman007: 5:25pm On Jan 02
Shevychen2:
Some random pointers for the new year. (may not appeal to everyone though):

-Your stop loss is useless if you don't practice proper position sizing. What will happen to your account if a flash crash jumps your stop loss and sends your positions to -2000 pips negative? Position sizing goes beyond saying I risk 2% per trade. How much have you exposed to the market, even without a flash crash? If you'll lose more than a combined 10% of your account if all your opened trades ends as losses. That account may not last long.

-Ditch conventional indicators. Especially all those shiny arrows that are all based on moving averages.There is a 99% chance they won't work for you. You'll keep running around in circles with them until you either quit trading or you dump them.

-Embrace higher time frames. This is even more important now that sharp intraday market swings are common. You'll find your trade 70pips up, then one tweet or one news sends it back down to -40. On the higher time frame (daily, weekly, monthly), the big picture move will continue after the effects of that tweet or news has cleared. Seriously, if you learn how to look at the big picture, you'll be unstoppable. However, what qualifies as big picture will vary from one person to another. You also need to make sure your strategy always reacts quick enough to major trend changes even when you trade higher time frames. This part is tricky, but when you nail it down, you'll know.


-Don't pay too much attention to correlation.
Most forex pairs are correlated somehow at the end of the day. Even if you choose to trade only GBPAUD, CHFJPY, and EURUSD, they are still correlated indirectly. Instead of avoiding correlation, embrace it and spread your risk properly.

-Don't trade one pair. That's giving too much power to one instrument. Your account will literally depend on how that instrument moves. Aim for around 5-15 pairs and maybe (if your account can carry it) 2-3 metals and the two major ndices in your watch list. The currency pairs should be decent movers that are not too volatile or too slow. Like USDZAR, EURGBP, CADCHF etc. The slow ones will move 20 pips in one week. The volatile ones can have 30-50 pips spreads.
As you get more entries from your list, close out partial positions to balance out your overall risk exposure.

-You won't buy skyscrapers with your less than $1000 account in one year. There's a higher chance of crashing it if you want to push the limits and make as much money as possible. You need at least $100k to start dreaming about using profits from one year of trading to build houses and that's assuming you have a strategy that will allow you make 50-100% of that every year COMFORTABLY without panic, fear etc tampering with your trading results. Of course you can find some Chinese guy or something that turned 1k to 1m USD in one year from time to time.. Can YOU do it?

With solid medium risk trading, it will take at least 10 years of compounding to convert that small account to something big. Unless you show skill early enough and start focusing on attracting investors (always the best way to go).

Remember, these pointers are not for everyone. Pick what you want, discard what you don't like. I don't have power to argue anything o. Happy New Year to everyone.




Food for thought embarassed

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