Fxwarrior:
Buy gold @ 1717
Stoploss 1707

Target 1740

zonall:
The market has been showing mixed signals in the last 12 hours.

My analysis is still pointing to a strongly bearish bias for NZDJPY from 86.30 till 83.50, perhaps, 82.138 in the M5 - D1 timeframes.

Stop Losses should be ample, but risk-relative.

Good morning traders.

KingPipmarshall:




I got my first client here. I have gone to the markets to ask for their permission. I'm sure he will become successful.

I know what you will achieve. That's 20% returns on his funds.

If you are a serious investor and want to make more returns from your investment. Hire me to manage your funds. You have to contact me

Only serious Investors who want to make money should message me.

Note: Service fees apply.

Jameselias:


Yes it's based on personal experience
I must warn you the channel may seem boring and tedious at first but if you persever,
it is the best thing that could ever happen to a beginner or a mid level trader in this profession
Take your time don't rush the lectures as it contains everything and more that you will ever need to become consistently profitable in the industry,

RICHGEN COME AND HELP HERE.

charly20:
As I claimed several posts ago, ***/jpy had limited buying opportunities. The decline may have just started.

Still taking trades mentally, i have not settled for swing shorts yet (maybe by aggressive entry like @kozmicity's entry price, i should be in). It is the end of one trading week and as a new trading week starts, i may expect price to push back upwards a little bit( early week repricing) to give a D1 reversal pattern before I can go full swing mode on them all.


Cheers!
Richgen my boss, how have you been?

samfelly:


You might as well attach the right channel link, bro.

ThaThinka:


Thanks for the heads up, boss. Na to get data and find time remain.

If I ask, is this recommendation based on personal experience?

karkinase:

Don’t start your forex journey with ICT.. you gon hate urself. ICT concept is for experienced hands.. start off watching random videos on YouTube about forex candlestick, supply/demand money management timeframe, currency pairs. practice and you can then decide to give ICT a try.

kozmicity:


My enter eas aggressive??
And here I was thinking I was overly conservative

abham:
With all due respect, this is not correct!

Starting ICT’s concept is the best thing that will happen to every new trader. Initially when I started learning forex, that was the same mentality people on NL gave me that his concept is mostly for big banks and stuffs.

It might be difficult to grasp at first, I agree, even now I’m still struggling with entries though my bias has improved to like 75%. You don’t just get the concept of learning a new language once you start learning it so give yourself time. It might take months or years but the precision when using ICT concept(s) is next to none.

I won’t mention names of some traders here that use those concepts but you can see their accuracy on trade calls here before the market moves. I’m not saying other concepts don’t make money but hey, wouldn’t you want precision in your trading?

Also ICT concepts are not for lazy traders because you have to go into the charts and do your back testing and go through the forward testing phase, you might want to give up when you don’t see results. Either way you’re making progress but it’s normal, the frustration will always set in. Besides, wouldn’t you want to learn from someone who has almost 3 decades of experience in the markets?

Even some of the concepts you might come across in learning for example smart money, he the grand daddy.

Thathinka, WHAT WOULD YOU REALLY WANT AS A NEW TRADER?

Fxwarrior:


Why not stay out during ranging markets?

Fxwarrior:
My understanding about gold is that the bulls are still in control since price managed to close above 1725.

By Monday, I expect price to get to 1745/8 region.

abham:
With all due respect, this is not correct!

Starting ICT’s concept is the best thing that will happen to every new trader. Initially when I started learning forex, that was the same mentality people on NL gave me that his concept is mostly for big banks and stuffs.

It might be difficult to grasp at first, I agree, even now I’m still struggling with entries though my bias has improved to like 75%. You don’t just get the concept of learning a new language once you start learning it so give yourself time. It might take months or years but the precision when using ICT concept(s) is next to none.

I won’t mention names of some traders here that use those concepts but you can see their accuracy on trade calls here before the market moves. I’m not saying other concepts don’t make money but hey, wouldn’t you want precision in your trading?

Also ICT concepts are not for lazy traders because you have to go into the charts and do your back testing and go through the forward testing phase, you might want to give up when you don’t see results. Either way you’re making progress but it’s normal, the frustration will always set in. Besides, wouldn’t you want to learn from someone who has almost 3 decades of experience in the markets?

Even some of the concepts you might come across in learning for example smart money, he the grand daddy.

Thathinka, WHAT WOULD YOU REALLY WANT AS A NEW TRADER?

charly20:



Actually, I think everyone should have the option to explore. In my opinion, EVERY strategy works (trust me, i have checked).

Falcon,Wyckoff,Supply and demand, breakout trading, VSA, name them. They all work.

What every new trader will eventually have to work on is how to manage the greed, fear, frustration, anger, all the emotions that come with trading. And this is what takes time.

realone12:
an talking about same day..
let's say for instance I have 10k mff account. and i place a trade (long) around 7am in the morning with 1% risk and a target of 6% profit.
around 2pm that same day, I'm in profit of about 5%. hoping that the price will go up a little bit to hit my TP
before 7pm that same day, the price fall and move down to touch my (break even) which is 5% equity drawdown from were it was around 2pm.
does this mean the account is gone?
take notice that the initially capital (10k balance) the prop firm given to me hasn't been touched. there is no losses on the 10k or whatsoever. does my equity rising to 5% in profit nd losing the 5% equity on a same day means The account is gone even when the initial 10k balance remain untouched?

Drawdown rules


In any of the My Forex Funds evaluation programs you must not have a daily drawdown of 5% of equity OR balance on any given day. This is monitored closely by an automated system, includes open trades at the time of roll-over and any breach is shown in your account dashboard. Please be mindful of your trading and be sure to check your available drawdown at 00:00 server time every day.

Fxwarrior:
My understanding about gold is that the bulls are still in control since price managed to close above 1725.

By Monday, I expect price to get to 1745/8 region.

abham:
Well, I stated earlier that other concepts make returns but ICT concepts are PRECISE . Talking about the psychological aspect of trading, that was covered in the W.E.N.T series I mentioned earlier but experience will also weigh in no doubt but saying a new trader should not start with ICT concepts, c’mon.

Tbh, baby pips material is just prepping new traders for liquidity as a new sucker is born every minute, not that the stuffs there don’t work but that’s how I see it.

I know some may come and say show us your history on Fxblue and stuff, I’m barely consistent but for someone just a year here and with the improvements I’ve made, that’s ok. Besides I started taking ICT concepts in February.

Charly you implement ICT concepts the most here, you give us the testimony.

Feshizzy:
ironbank

I haven't seen your message,

charly20:



Of course, I implement ICT but guess what? I never really went through most of his videos just basic knowledge and serious chart time. My trading system is simply market structure (yes, the usual HHs and LLs) after having tried several other trading styles in my starting months.

What I'm saying is, there are a lot more traders (even here, I'm sure) who do not implement ICT's concepts but other trading styles and they are very profitable.

I do not patronize the idea of imposing my own preference(s) upon another person simply because it is what is most convenient for me. I can float a reasonable portion of my profit but i won't tell another person to do same because I can manage the downsides of that decision but the person may not.

All in all, what I'm saying is explore and find what you're comfortable with. The market is for us all.

Thanks.

XAUTrader4L2:
We finally have a swing low since after gold continued the bear trend from this year high. Could this be another pullback or the actual bottom. To confirm the bottom well gold needs to change structure on the daily, we will get to know in the weeks ahead. Gold is at the bottom of the 2 year range as shown in the box on the weekly chart. A break of either side would cause a massive move. Upside break would be at 2074 while the downside would be at 1676.

abham:
Tsk, this is the umpteenth time I’m acknowledging that other concepts are profitable too.��‍♂️

infofirst:


The 4H might invalidate this. I noticed a three top pattern frm the daily tf, structure broken and then a retest of the broken structure followed by the close of last 4H in bear favor.

charly20:
As I claimed several posts ago, ***/jpy had limited buying opportunities. The decline may have just started.

Still taking trades mentally, i have not settled for swing shorts yet (maybe by aggressive entry like @kozmicity's entry price, i should be in). It is the end of one trading week and as a new trading week starts, i may expect price to push back upwards a little bit( early week repricing) to give a D1 reversal pattern before I can go full swing mode on them all.


Cheers!
Richgen my boss, how have you been?

XAUTrader4L2:
We finally have a swing low since after gold continued the bear trend from this year high. Could this be another pullback or the actual bottom. To confirm the bottom well gold needs to change structure on the daily, we will get to know in the weeks ahead. Gold is at the bottom of the 2 year range as shown in the box on the weekly chart. A break of either side would cause a massive move. Upside break would be at 2074 while the downside would be at 1676.

Feshizzy:
ironbank

I haven't seen your message,

XAUTrader4L2:
We finally have a swing low since after gold continued the bear trend from this year high. Could this be another pullback or the actual bottom. To confirm the bottom well gold needs to change structure on the daily, we will get to know in the weeks ahead. Gold is at the bottom of the 2 year range as shown in the box on the weekly chart. A break of either side would cause a massive move. Upside break would be at 2074 while the downside would be at 1676.