DXYY:


Boss one thing I have come to learn is that 70 percent of the time most of us get the direction of the market right but our entry na im bad , you see entrying the market ehn is very dangerous if we don't get it right , I am also in AUDUSD short since last week and trade is still running , if you check the 4hr or the daily you will see that throughout this week it has been ranging which will make entry very difficult both buyers and sellers will be stopped out. I believe most times you get your directions right but na the entry be koko, I am still also working on mine , I think GBPAUD will also fall but might not be ready yet.

peteregwu:
On btcusd I shared on December 6, my sell order was hit and now deep in 500pips+. Always have a plan ahead of this business. 😎See yall next week.

https://www.nairaland.com/7504926/forex-trade-alerts-season-23/980

On BTCUSD, this is what I am looking out for...

Peterfx01:


Price action still remains the only truth in forex professionals know this, au is at a decision zone it can either buy or sell from there to be safe exit and wait for a break retest to continue selling or or wait for bullish properties to buy from there how do i know?? Simply look left no ict concept or indicator will tell you this

dmahn:


Thanks man. By now you go dey breakeven ... It should be a very long sell to the weekly swing low.. You picked your entry from the weekly right?

realone12:
do away with pairs that gives you headache. I have the same problem with GbpAud.. every GbpAud position I opened were almost always a loser..
my GbpAud loses were so consistent that at some point I was strongly convinced that the pair has a personal problem with me.. you will see the pair trending heavily toward a particular direction, but the moment I enter, na that time e go start to dey range for days..or all of a sudden, a very Massive and powerful reversal out of nowhere will occur moving aggressively toward my stop loss. and it won't stop until it take me out no matter how far away I placed my stop loss.
thank God I finally took the bold decision to yank GbpAud from my Life forever..

I must confess, Life has been very peaceful ever since.

peteregwu:
On btcusd I shared on December 6, my sell order was hit and now deep in 500pips+. Always have a plan ahead of this business. 😎See yall next week.

https://www.nairaland.com/7504926/forex-trade-alerts-season-23/980

On BTCUSD, this is what I am looking out for...

dmahn:
Please Read!! . Check the attached screenshot before reading for better understanding

Just like I once said here, I have 100% loosing streak on GBPAUD. Like I've never won any of my GA trades, I held that bias and gave it another trial last Friday, the opportunity looks good to be ignored that I jumped in with a poor RR (Friday has happened to be one of my worst day combined with the trading one of my worst pair) Market put a smile on my face when a strong bearish breaks 1.89897 only for price to create a strong bullish move that closed about the high and started moving towards my SL, only for me to get lucky by price reversing few pips to my SL and an inverted hammer shows up, A strong buy signal has shown up while I'm selling, the market was fair enough that it gave me enough reason to close at BE but I was just holding on to my sell, the strong buy signal might be a trap too I said to mysef... Inshort price reversed and finally took my stop loss. 2nd picture

AUDUSD has done exactly the same thing, sellers break 0.66858 only for a strong bullish candle closes above the swing and reversed few pips from my SL as well. I'm currently holding this trade in profit but im afraid price might reverse from that point and go back to SL just like GA did. If I am to judge based on what GA did I will close my sell and buy instantly when market opens... Its been giving me headache, I don't wanna set BE and price takes me out on BE and moved to my TP

Please advice

Geovanni412:


Maybe gbpaud is not meant for you

Try trading btc and commodities

For the issue of good entries, I just learnt of pivot points from one book by John L Persons

Here are the values I obtained after running it using gbpaud values from Jan 8, 2024 bar.

After entering the open , high, low and close of that day into the calculator, it generated the results below and if you check the chart, you'll notice that the market reversed on the 4h after printing signals at one of such areas.

Let's not chase the market again

Strategy should be to wait for market to hit key area then trade signal after 3-6 hours at key zone. See details from the pivot point calculator.

wuyexzy01:

😆 🤣 😂 😹... oga dmahn! Anything wey go dey give u psychological stress no gree for ahm!! If you enter a trade and u get confused along the way u can just close it and save ur self d mental stress! It's not always about whether one is right or wrong but just find a way to get ur own piece of cake!!!
No matter how much u loose in forex u can make much more back just don't lose ur head! So learn to accept the loss!!

Geovanni412:


Babypips will take too much time to learn

Fast track your process by taking the course by Bloom trading...


https://www.youtube.com/watch?v=W7IGTX_Peso?si=Dztl5EY4oBcxWb91

LAxYMAN:


Babypips.Com Just Take The Free Course On The Platform

dmahn:


My Oga I tire oo... I still have chance to BE once market open but I really need that TP ajeh 😂😂😂.. That's roughly 2%...I think I ll accept the loss instead of BE sef... Best loser wins tot me to only trust and follow the signal that make me take the trade and ignore all the signals that created fear... So Im not setting BE... I ll accept the loss instead .... I will update the house when SL hit

dmahn:


My Oga I tire oo... I still have chance to BE once market open but I really need that TP ajeh 😂😂😂.. That's roughly 2%...I think I ll accept the loss instead of BE sef... Best loser wins tot me to only trust and follow the signal that make me take the trade and ignore all the signals that created fear... So Im not setting BE... I ll accept the loss instead .... I will update the house when SL hit

wuyexzy01:

On a serious note... "I really need that TP" makes me know your stance. Brother close that thing with that little profit once market open so you can stay sharp and start fresh!!! Plus an advantage of a clearer mind when not carrying any exposure. Although I'll ride for no position. When the direction is clearer u'll make more money! Nothing beats me silly like an early loss into the week.

kellybently:



Your prediction BTC going down bellow 11k?

Ibrahimlagosian:
Dis man

peteregwu:


Something like that....thats what I am anticipating. I maybe wrong, make we dey look sha. But I don chop 500pips from their sha just incase. 😂

GabsonFX2:
One month in, you are on propfirm.

Not the best approach to learning the rudiment.

GabsonFX2:
Follow this timeline:

Paper backtesting (This means you will need to look at the charts from history) - 1 month
Demo trading, applying what you discovered from paper backtesting - 3 months
Live trading with cent account - 3 months
Live trade with regular dollar account - 1 to 3 months
Withdraw only the profits from live trade and buy at least two prop accounts, trade prop account - forever
Now withdraw profits from prop accounts each month, and buy more prop accounts - forever

Expand!

In one year, re-examine yourself

abbas01:
My peeps, I just wanted to share my progress so far and ask for your opinions on how I can get even better. It has been over a month since I started learning forex (early December last year). I learned using resources from youtube, nairaland, baby pip's free online courses etc. I began trading with a $10,000 CMC Markets demo account (literally blindly without any specific strategy, how foolish), and I continuously saw a drawdown of that account to about $5,500. I had to suspend trading for some time to go back to the drawing board, seriously learn, and adopt a trading technique. I decided to try out my first FTMO free trial (demo), that account sef no last, e blow as there was inconsistency with my lot sizing and risk management. After realizing these gaps, and learning from the mistakes, I choose to sign up for a second 15k FTMO free trial. As shown in the screenshot, I had my first and only profit week this week after about 6 weeks of trading (still demo o). This thing is not easy at all but I keep moving regardless. You will notice that I went from a $400 deficit (start of this week) to a $258 profit (end of week). Still a long way to go as I haven’t met the profit target yet. Any helpful feedback will be appreciated.

Right now, I trade using technical analysis, but I want to eventually incorporate fundamentals as well. Mutumina @davigle, based on your posts, it appears that you are a force to be reckoned with when it comes to fundamental analysis. I was wondering if you could help shed light on some basic information for a layman like me on events such as NFP, CPI, etc. I came across a post here (with a lot of grammar) wey someone mentioned BISI too, lol. What are they? How do they influence trading? And when to look out for them? What are the actions to take during these news/events? I wanted to get in touch with you directly, but I decided to put it out here so other rookies can benefit from the information you share. I appreciate your support and prompt response to my messages offline. Thanks!

abbas01:
My peeps, I just wanted to share my progress so far and ask for your opinions on how I can get even better. It has been over a month since I started learning forex (early December last year). news/events? I wanted to get in touch with you directly, but I decided to put it out here so other rookies can benefit from the information you share. I appreciate your support and prompt response to my messages offline. Thanks!