dottozil:
Morning guys, bosses in the house pls I have a question, let's say m on 200 dollars profit and I want to lock in some profit like 150 dollars pls where how do I place my stop loss

Edd1e:
GU still remains a very stupid pair . Don't know why I go shook head this morning even though I don't trade it. Indiscipline

TradingGod:
Rule 1: Always Stick to the Rules
Rule 2: Never forget Rule 1

infofirst:


Hard way to make easy money

rainlover:
if GU na lion watin gold and us30 come be?

Donsheddy:
This trading no easy oh....
Frustration don finish man pikin... 🙆‍♂️

infofirst:


US30 na emotion abuser. Well, maybe because it's combination of top stocks on the floor of NYSE. Heavyweight tinz

infofirst:


US30 na emotion abuser. Well, maybe because it's combination of top stocks on the floor of NYSE. Heavyweight tinz

EmmanuelVi:

First, have you noticed, GBPUSD and XAUUSD move in tandem? (Just take a bird's eye view at them and you'd see what I'm talking about).

Secondly, US30 in an Index housing 30 solid companies based in the US (Stocks).
The Stock market is the Economic beating heart of any nation, so trading US30 is just as much as trading the US economy alone without the battle with some other nation like the FX pairings such as the GBPUSD. This means you've got access to one way volatility and with the NYSE being the largest in the world; that's volatility uncapped! No other instrument holding back it's power with all the billions of dollars moving around these 30 companies. If you want it more stable, then step up to the higher TMF; it behaves more radical there, just like XAUUSD.

Galleryeasy:
na gold I no dey near, but you see Dow na bae.

Edd1e:
GU still remains a very stupid pair . Don't know why I go shook head this morning even though I don't trade it. Indiscipline

Donsheddy:



This rule no easy oh

infofirst:


Maximum respect. I still loved Ger Dax.. @emmanuel explanation don cap it all for that Dow.

infofirst:


Na we wey dey trade GU our own way actually stupid. Trying to force it our way. Instead of the gu market way.
The wise ones trade gu in gu market way.

infofirst:


Na we wey dey trade GU our own way actually stupid. Trying to force it our way. Instead of the gu market way.
The wise ones trade gu in gu market way.

Galleryeasy:
Exactly, but I only look out for just 4 major companies, others are just there . You see Microsoft, United health group, Goldman Sachs,Home Depot inc are poison.
Just understand their daily earnings reports before equity time.

TradingGod:
but it's the only way to be profitable in this business and in life generally

EmmanuelVi:

The same GBPUSD he's whining about, is the pair I've been holding longs on from the Daily timeframe since on Monday night, today, it's about half way up to my TP order.

The market simply doesn't revolve around anybody; it does whatever it wants. The good thing is that despite all the chaos, there's still consistency in there, patterns that repeat time and time again, and that's the edge we've got as traders.

rainlover:
boss abeg watin be the guy market way?

Galleryeasy:
Exactly, but I only look out for just 4 major companies, others are just there . You see Microsoft, United health group, Goldman Sachs,Home Depot inc are poison.
Just understand their daily earnings reports before equity time.

rainlover:
🤔

infofirst:


Those are heavyweights.

infofirst:


Na we wey dey trade GU our own way actually stupid. Trying to force it our way. Instead of the gu market way.
The wise ones trade gu in gu market way.

Lol, Boss, I don leave the GU for una.. I no kukuma dey trade am before. Na ojukokoro enta me since I miss my yen pairs entry for Asian...
Make I recede to my Yen Pairs trading abeg

OfficialP:


Bought again 1.0685
SL 1.0675
TP 1.0745

infofirst:

It should be fine. I was only trying to be extra careful.

Edd1e:


Lol, Boss, I don leave the GU for una.. I no kukuma dey trade am before. Na ojukokoro enta me since I miss my yen pairs entry for Asian...
Make I recede to my Yen Pairs trading abeg

OfficialP:


Closed at 1.0715


If it continues to 1.0745, then a lesson will be learnt.

Galleryeasy:
not that hard, hope you are participating in the competitions?

EmmanuelVi:

First, have you noticed, GBPUSD and XAUUSD move in tandem? (Just take a bird's eye view at them and you'd see what I'm talking about).

Secondly, US30 in an Index housing 30 solid companies based in the US (Stocks).
The Stock market is the Economic beating heart of any nation, so trading US30 is just as much as trading the US economy alone without the battle with some other nation like the FX pairings such as the GBPUSD. This means you've got access to one way volatility and with the NYSE being the largest in the world; that's volatility uncapped! No other instrument holding back it's power with all the billions of dollars moving around these 30 companies. If you want it more stable, then step up to the higher TMF; it behaves more radical there, just like XAUUSD.

rainlover:


I haven't really noticed.
I have traded gu only once. I was even shocked at the level of volatility.

What's the reason behind the positive correlation?

EmmanuelVi:

move your SL order and place it at a price level 50 dollars away from the 200 dollar price level.

karkinase:
Every pair can be tamed .. like infofirst talk trade GU the GU way trade US30 the Us30 way . Same GU na him Jeff take buy Lambo oo and same US30 na him one trader for US flip her account from 1K dolls to 81K dolls in one month. Every pair can be mastered but uve to obey the rules it set not you giving it ur own rules