VlamesIffect:


Ah my boss....i still dey suspect long term sell....but no wahala na market go decide.

samfelly:


CONTROL IT. CONTROL IT. CONTROL IT. I HAVE TO KEEP TELLING MYSELF THIS.

JUST CONTROL IT, SAM!

Elliotwaveforec:

Yea, long term na sell but Head and shoulders go form before 10000.

You know there can't be HnS without neckline; therefore, 28316 must be broken first, then the right shoulder (bullish run)) will come around 63000.

VlamesIffect:


You say bull run...he fit be temporarily has he said to around 35k...what is likely to happen after? Based on price action?

kozmicity:


You know that some pairs respect TA more than fundamentals while some respect fundamentals more than TA. Gold, from my experience is one of the former(subject to correction). I would highly appreciate it if you could point me towards those pairs, indexes, crypto .e.t.c.

Thank you in advance!

richgen:


Technical analysis applies to all Indexes (NASDAQ, S&P500 etc.,) however when high impact news in the US is released they ten to be unusually volatile and direction less ONLY to manipulate and then go in the direction of the price backed by TA.

Worthy of note is knowing the daily bias of the market of an asset and patiently waiting to execute your trade at the open hours ( morning and evening sessions) of the indexes

I don't do crypto so I don't know much about this asset.

charly20:



I think letting yourself see all your options can help you let trades pass without frets.

Oil retraced almost 100% into discount and i sought to add an extra position yesterday. Got knocked out this morning.
Did it hurt? Yes . Will i fomo? Hell no!

I've got over a dozen pairs to pick from and if oil doesn't give me favourable entry,I'll let it run with only one position.

One thing is having several options and another is the ability to control your appetite for them.

We will be better, uncle sam

richgen:


I trade oil and I will appreciate we educate each other on the market. Your word discount attracts me to your post.

I'm a naked chart trader.

samfelly:


Please, kindly add screenshot, boss, cos I still don't believe it. T for Thanks

olutund:

Mt5 doesn’t have 2min time frame

charly20:



I have been on a swing for about two weeks. On this week's open, price dropped significantly (more than i expected even) and sought to close up a fair value price but i miscalculated my entry and stop loss for a second position.

$99 would have been fine discount price but i missed it. Maybe $100.

richgen:



I don't swing trade. I'm a day trader and I close all my open trades before the day closes.

The $100 price was the precise discount today as the bias is bullish.

As the news release at 1:30pm was used to drive the price to the discount before going up with a push to the up side to get likely to the CE of H4 fvg.

The discount offered today was a deep one in order to flow with the bullish daily bias move.

You see, I shortchanged myself today by entering the market at the later end of the London morning session just to ride the bull run when I ought to have waited for the manipulation of the 1:30pm news and enter at around $100 or thereabout and confluencing with an orderblock at both 15 and 5 minutes TF that served as speed bump for the fall of price due to the impact CPI news release.

I only got 30 pips out of today when stopped out instead of at least 100 pips I envisaged. As at now it has gone more than 200 pips and still going up.

I could've reentered but then I was shuffling between my trade and the FTA competition today.

And more importantly I didn't want to chase the price.

Also I open only one position on BRENT and WTI each on a day I trade.

So I stuck to some of these my trading rules.

Oil is so good to trade IF ONLY you are in the right flow of the price of the day.


Kudos to you @charly20

Thank you.

richgen:


Technical analysis applies to all Indexes (NASDAQ, S&P500 etc.,) however when high impact news in the US is released they tend to be unusually volatile and direction less ONLY to manipulate and then go in the direction of the price backed by TA.

Worthy of note is knowing the daily bias of the market of an asset and patiently waiting to execute your trade at the open hours ( morning and afternoon sessions) of the indexes

I don't do crypto so I don't know much about this asset.

charly20:
I'm shorting
EA and EN @current price.
Risk accordingly.

samfelly:


My brother na big juju o

demanuel:
Good day distinguished ladies and gentlemen.
I am a newbie with an interest in entering into forex trading.

Please how do you suggest I start? What and what do I need to do? How do I begin?

charly20:



. That was a mouthful,chief.

Somehow, i don't mind the news at all. I just trade according to my setup.

But I hope that before the week's close we will trade past last week's high.

I will close my swing at $116 then i will wait for the $120 manipulation before shorting.

Kudos to you too,chief.
Hopefully, I'll see what your chart looks like.

richgen:


My chart is purely plain, I mean naked. No trend lines and non of those stuffs you know.

I trade just pure price ( not candlesticks pattern) as it relates to time. Hence I trade only on London and NY session both morning and afternoon.

I no be chief o.

Thanks.

richgen:


Technical analysis applies to all Indexes (NASDAQ, S&P500 etc.,) however when high impact news in the US is released they tend to be unusually volatile and direction less ONLY to manipulate and then go in the direction of the price backed by TA.

Worthy of note is knowing the daily bias of the market of an asset and patiently waiting to execute your trade at the open hours ( morning and afternoon sessions) of the indexes

I don't do crypto so I don't know much about this asset.

richgen:
@infofirst, I appreciate you and this priviledge granted me by you to partake in this FTA competition season 7 as a first timer.

You don't know what good you did for me.

God bless you real good and continuously.

I just got knocked out from this current competition with my lessons learned and noted to be applied in the next competition both FTA and personal as announced by you in your last post on the next stage future competition.

I endured lots of distractions from my daughter a lot as I traded on NY session. She is always around and hanging around daddy.

I appreciate other participants, the ones still in it and the ones already out. I enjoy the thrills of competing to be at the top and not being overtaken. Never done it before and I broke my trading rules a whole lot.

And whatever you do in trading please don't trade on the phone. Only monitor your trades on the phone.

I appreciate the whole of FTA generally.

Can't wait for the next competition both on FTA and personal.

God bless.

Pristine664:


Deep. Well said.

Elliotwaveforec:
BTC: If the low of Fifth wave doesn't break the critical support of 28318, I think investors can buy till 100,000. Current low is 28958

28318 is the number.
Good for swinging

richgen:


Thank you @Pristine664


You see, the more we traders realise that all the markets are 100% rigged ( manipulated) the better for you and I to trade profitably in this business.

The markets print prices on a daily basis with their manipulations and these patterns repeat every week.

The bulk of the work on us is to track the footprints of price in any asset of your choice as an experienced hunter tracks the footprints of a deer or any other game in the forest.

This work is not an easy task to do and that's why we need to back test and study out charts diligently to see how price are printed in HTF and LTF and this requires years of rigorous and meticulous work.

Personally, it's so boring and tiring to do but this is where the goldmine is.

The more bored I get, the clearer I see how price prints especially when I watch it live without trading.

Anyone who refuses to do this will continue to struggle in this business.

We also need to watch as price prints in real time without trading at all. Especially when you're unsure what direction the market wants to go.

This alone will open your eyes to see things as they really appear.

Trading is a lifelong trade and ongoing education.

You stop learning you're rusty and burnt, you keep on learning you're greased for more money printing.

I'm far from being an expert here. In fact I'm a neophyte.

I'm a trader with very little experience in this business and I'm mainly here to continue learning from more experienced traders and hang around with the forex family, people of like minds.

I'm being sincere here.

I battle a lot with fear of losing my running profits which robs me a lot of time of profitable pips. Also fear of trades turning against me and not entering at the right time even if my setup is clear.

It's an honour to be here guys.

demanuel:
Good day distinguished ladies and gentlemen.
I am a newbie with an interest in entering into forex trading.

Please how do you suggest I start? What and what do I need to do? How do I begin?