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Forex Trade Alerts: Season 21 - Business (190) - Nairaland

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Re: Forex Trade Alerts: Season 21 by NetValueFX: 4:47pm On Jul 17
Tony142:
"The Trend is not your friend, it is your stop loss which prevent you from losing big that is your friend" - Tony,142

The trend is not just your friend, it's your partner. If you keep trading against the trend you will hitting your stoplosses non-stop. - NetValueFx
Re: Forex Trade Alerts: Season 21 by Tony142: 4:57pm On Jul 17
NetValueFX:
Tony142:
"The Trend is not your friend, it is your stop loss which prevent you from losing big that is your friend" - Tony,142

The trend is not just your friend, it's your partner. If you keep trading against the trend you will hitting your stoplosses non-stop. - NetValueFx




"And if your fake friend(The Trend) goes against you without using your true friend (stop loss), you will come back here on Nairaland to cry of how your friend (The Trend) betrayed you" - Tony 142
Re: Forex Trade Alerts: Season 21 by Tony142: 5:11pm On Jul 17
KingPipmarshall:



The Trend is your friend.

If a currency is trending down then you short pull back, there is a higher tendency of making profits without a stoploss.

A stop loss is a tool, not your friend. The trend is your friend because you know which players are currently dominating the markets. When the market is in an Uptrend, you Buy pull backs. The only scenario where you lose money is when the trend is reversing.




If your statement is true , then all traders will make friend with the trend and make money, but yet 95% of them still loss despite that they have a friend called trend cheesy



Since there is no holy grail in Forex, that means losing at some point is sure, and that is why your friend (stop loss) is there to help you fight against loss, your fake friend (The Trend) can go against you anytime, but only your true friend (stop loss) can save you at that point cool

1 Like

Re: Forex Trade Alerts: Season 21 by NetValueFX: 5:26pm On Jul 17
Tony142:




"And if your fake friend(The Trend) goes against you without using your true friend (stop loss), you will come back here on Nairaland to cry of how your friend (The Trend) betrayed you" - Tony 142

The fake friend here is the stoploss, I have survived great turmoils without it. The trend always lead me to the promise land.

1 Like 1 Share

Re: Forex Trade Alerts: Season 21 by femora007(m): 5:35pm On Jul 17
VlamesIffect:


grin grin setting for a buy ke?.... Abi he dun dey buy since last week...
You dey use indicator abi?
Not everyone will enter at the same price u entered.
And it also depends on the time frame you are looking at the chat from.
Re: Forex Trade Alerts: Season 21 by Tony142: 6:04pm On Jul 17
NetValueFX:


The fake friend here is the stoploss, I have survived great turmoils without it. The trend always lead me to the promise land.





Go and trade without your true friend (stop loss) on your real account for like 3 months and come back and tell us how your friend (trend) betrayed you cool

3 Likes

Re: Forex Trade Alerts: Season 21 by NetValueFX: 6:18pm On Jul 17
Tony142:





Go and trade without your true friend (stop loss) on your real account for like 3 months and come back and tell us how your friend (trend) betrayed you cool

Lol... I have done it for years

1 Like 1 Share

Re: Forex Trade Alerts: Season 21 by samfelly(m): 7:58pm On Jul 17
TradingMaestro:
took part in a demo contest,
Managed to turn $1000 into $12000 and I only managed to come 10th , Lol

Last last won $50 sha


Boss, u did well very. I tried it out, also, but came 12th from 10th position - after I took one last silly trade when it was just 14 minutes to end all trades. The contest was a tug-of-war trading, sorta. I mean, a contest that last for just 24 hours. Mehn! I dug it out with those Malaysian, Pakistani, Russian, and Indian traders joor!

I am hoping to go give it as many shots as I can, again. That's after I am done with FTA contest.

@boom99, this kind contest go fit u - taking bigger lot sizes, like 200 and more

3 Likes

Re: Forex Trade Alerts: Season 21 by Tony142: 8:44pm On Jul 17
samfelly:


Boss, u did well very. I tried it out, also, but came 12th from 10th position - after I took one last silly trade when it was just 14 minutes to end all trades. The contest was a tug-of-war trading, sorta. I mean, a contest that last for just 24 hours. Mehn! I dug it out with those Malaysian, Pakistani, Russian, and Indian traders joor!

I am hoping to go give it as many shots as I can, again. That's after I am done with FTA contest.

@boom99, this kind contest go fit u - taking bigger lot sizes, like 200 and more




boss, Is it a demo contest or live account?
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 8:54pm On Jul 17
Tony142:
.



You are wrong boss, what you need is a minimum of 1:2 risk/reward ratio cool
Your wein dey talk do the FTMO challenge as well at least to test your theory. grin

Do the free trial at least
Re: Forex Trade Alerts: Season 21 by Tony142: 9:21pm On Jul 17
Feshizzy:

Your wein dey talk do the FTMO challenge as well at least to test your theory. grin

Do the free trial at least



If you will give me 100$ after passing the free trial, then I will do it
Re: Forex Trade Alerts: Season 21 by boom99(m): 9:51pm On Jul 17
Tony142:




boss, Is it a demo contest or live account?

...
Re: Forex Trade Alerts: Season 21 by AK284(m): 10:34am On Jul 18
Tony142:
.



You are wrong boss, what you need is a minimum of 1:2 risk/reward ratio cool


Wrong about what?
Re: Forex Trade Alerts: Season 21 by AK284(m): 10:38am On Jul 18
GabsonFX:
Kudos bro, you got the gist; spot on!

Don't forget the psychology too, this one can rubbish both perfect strategy and the proper risk money management.




Yes I agree with you on psychology but from my personal experience,I think understanding your risk is the most important part of the puzzle.
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 12:32pm On Jul 18
MT4 not loading here; is yours loading?
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 12:57pm On Jul 18
Elliotwaveforec:
MT4 not loading here; is yours loading?

It's Weekend bros
Na wa oo

And you have Elliott wave to your name for crying out loud

1 Like

Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 12:58pm On Jul 18
Tony142:



If you will give me 100$ after passing the free trial, then I will do it

Na very small thing,
Run am first.
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 1:04pm On Jul 18
Feshizzy:


It's Weekend bros
Na wa oo

And you have Elliott wave to your name for crying out loud

It does load to give the last quotes. I use it for analysis every weekend.

Re: Forex Trade Alerts: Season 21 by TheYoda: 1:20pm On Jul 18
NetValueFX:

I trade H4 and I make up between 25%-60% per month. A single trade could give me as much as 200pips. Some months I make as much as 5000pips.
NetValueFX:

The fake friend here is the stoploss, I have survived great turmoils without it. The trend always lead me to the promise land.
You are known to be incorrigible liar. I wonder how many here still take your word serious. You come up with imaginary numbers. When challenged you throw tantrum grin grin.

Even someone here thought you're for real LOL. with your 20$ live account grin grin. I will give you double, no, even tripple of you live account if you show proof the imaginary number you just blurt out.

Well if I was trading 20$ live account, damn I wouldn't need no stop loss LOL grin

3 Likes 1 Share

Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 2:33pm On Jul 18
TheYoda:
You are known to be incorrigible liar. I wonder how many here still take your word serious. You come up with imaginary numbers. When challenged you throw tantrum grin grin.

Even someone here thought you're for real LOL. with your 20$ live account grin grin. I will give you double, no, even tripple of you live account if you show proof the imaginary number you just blurt out.

Well if I was trading 20$ live account, damn I wouldn't need no stop loss LOL grin

Detective Yoda!!!!!!

1 Like

Re: Forex Trade Alerts: Season 21 by Tony142: 3:42pm On Jul 18
Feshizzy:


Na very small thing,
Run am first.



Go and tell that to kids, when u have the 100$ let me know
Re: Forex Trade Alerts: Season 21 by NetValueFX: 3:55pm On Jul 18
TheYoda:
You are known to be incorrigible liar. I wonder how many here still take your word serious. You come up with imaginary numbers. When challenged you throw tantrum grin grin.

Even someone here thought you're for real LOL. with your 20$ live account grin grin. I will give you double, no, even tripple of you live account if you show proof the imaginary number you just blurt out.

Well if I was trading 20$ live account, damn I wouldn't need no stop loss LOL grin
Lol.... Small boy. I no get your time. Enjoy your 1 million dollar account while I enjoy my 20cent account. Meanwhile, I am very aware your trading capital is below my monthly target in dollars.
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 3:55pm On Jul 18
Tony142:



Go and tell that to kids, when u have the 100$ let me know

You are going to do something that would be beneficial to only you and you alone.
A task with a potential of 50k in the usd,

You are here trying to form Boss untop classy begging abi na hustling I go call.

If e sure for you as a years of successful trader wein you be, 100usd shouldn't be a problem.

But what do i know grin

2 Likes

Re: Forex Trade Alerts: Season 21 by NetValueFX: 4:14pm On Jul 18
Feshizzy:


You are going to do something that would be beneficial to only you and you alone.
A task with a potential of 50k in the usd,

You are here trying to form Boss untop classy begging abi na hustling I go call.

If e sure for you as a years of successful trader wein you be, 100usd shouldn't be a problem.

But what do i know grin
Lol...
Re: Forex Trade Alerts: Season 21 by NetValueFX: 4:22pm On Jul 18
Donvic4u:


Detective Yoda!!!!!!
Lol... Oga D. You sef dey talk? Abi you want get approval from your incoherent boss?
Re: Forex Trade Alerts: Season 21 by GabsonFX(m): 4:44pm On Jul 18
Friday & Saturday were used to discuss trades duration distribution, Kudos to those that contributed, we were able to understand that consistency is about reflecting on your past trades, checking if you never deviated from your plans and trading style.

Finally, we also realized that you should cut your losses and allow profits run.

Market will open in few hours and I plan to utilize the 2 weeks for some trading. Success!

kiss

GabsonFX:
Lesson for the weekend: Topic is consistency.
Now that the market is closed, do you reflect on your past trades or you just move on? This I do on a regular and enjoy doing it. One of the things I look at is what I will discuss in a bit; that is trades duration distribution..
I have taken a picture of my account's trades duration distribution, thoroughly look through and I expect that you should be able to digest, deduce, extract a lot of information from the statistics. I will leave the lessons you learn from it to you and to you alone; if you want to say what you deduce from it, feel free - I'll make my comment on whatever you see/say.

2 Likes

Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 4:59pm On Jul 18
NetValueFX:

Lol... Oga D. You sef dey talk? Abi you want get approval from your incoherent boss?

Hahaha, na my side u get power cheesy angry sad wink

Face TheYoda and prove him wrong
Or forever hold ur peace aite....

3 Likes 1 Share

Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 5:00pm On Jul 18
GabsonFX:
Friday & Saturday were used to discuss trades duration distribution, Kudos to those that contributed, we were able to understand that consistency is about reflecting on your past trades, checking if you never deviated from your plans and trading style.

Finally, we also realized that you should cut your losses and allow profits run.

Market will open in few hours and I plan to utilize the 2 weeks for some trading. Success!

kiss


My ish is knowing when to cut losses,
How to differentiate it from market manipulation

5 Likes

Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 5:40pm On Jul 18
On the fifth wave, next target 11177, 11228, 11269 and 11319; SL 10917, support at 10713, which is 50pct fib of 3

Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 5:54pm On Jul 18
4th wave Sell, TP 7200, support at 7129

Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 5:59pm On Jul 18
4th wave, 1537 remains the support, sell TP 1640

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