₦airaland Forum

No analysis for me this weekend, hopefully after NFP next week na to start analysis.

abham:
Good evening, happy weekend to you all.

Prev week played out with the bullish anticipation as price blew through August monthly candle open. Again price did not go lower for a cheaper entry but turned after clearing h4 bsl it dropped to hit PWH and expanded higher for the weekly range.

AU analysis:

WK: Weekly closed bullish and my new target on the wkly will be the close of 10/07/23 weekly candle.

D1: On the daily, Friday's low traded to the high of Wednesday down candle high (IRB). Q2 and Q3 BSL are likely targets.

H4: Looking at H4, down candles should be supporting price higher because it has aligned with Wk and D1 bullish order flow.

COT report, comm are net long and the hedging program shows that comm are below the equilibrium line within the last 12 months. Also we can see the weekly and daily is bullish, we follow Institutional Order Flow.

Barchart are showing a strong buy signal. This is not a trade advice, just my thought process.

Journal your trades.

I don’t draw trades by hand but on my study journal, there are certain patterns I drew out during backtest but for trades taken, I just write out parameters.

peterincredible:
woow cold turkey tin meaning u have a lot of books filled with previous trades but how do you handle pictures of your trades do you draw it by hand before the trade play out and after it plays out I am just wondering?
Thanks for your response

Going through this, I think you have to pay in full to get the funded account or am I missing something?

BOOTCAMP PROGRAM
THE FIRST LOW-ENTRY-COST CHALLENGE

**Prove your trading skills first, pay the rest upon success**

You get to pay the complete price after the evaluation phase.🤷🏾‍♂️

**modified** I just read it’s $1 in total, Bleep this is cheap!

Geovanni412:
https://twitter.com/the5erstrading/status/1740036213975765150?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

https://the5ers.com/bootcamp/?gclid=CjwKCAiAs6-sBhBmEiwA1Nl8s2d4T_gnK0CurhH859U2eFOycSMgIoNXkGNhE8FzIHcSeNLr5p0lpBoCnPAQAvD_BwE

Before you celebrate, read their rules carefully

You can't risk more than 2% on a single trade

Good morning, sorry for the delay, seems my account here was restricted.

I journal by writing what I’m looking out for. I use pencil and A4 sheet.

peterincredible:
Please how do you journal your trade what do you use

Good evening, happy weekend to you all.

Prev week played out with the bullish anticipation as price blew through August monthly candle open. Again price did not go lower for a cheaper entry but turned after clearing h4 bsl it dropped to hit PWH and expanded higher for the weekly range.

AU analysis:

WK: Weekly closed bullish and my new target on the wkly will be the close of 10/07/23 weekly candle.

D1: On the daily, Friday's low traded to the high of Wednesday down candle high (IRB). Q2 and Q3 BSL are likely targets.

H4: Looking at H4, down candles should be supporting price higher because it has aligned with Wk and D1 bullish order flow.

COT report, comm are net long and the hedging program shows that comm are below the equilibrium line within the last 12 months. Also we can see the weekly and daily is bullish, we follow Institutional Order Flow.

Barchart are showing a strong buy signal. This is not a trade advice, just my thought process.

Journal your trades.

abham:
Good evening, happy weekend to you all.

Prev week played out with the bullish anticipation though price did not go lower for a cheaper entry.

AU analysis:

WK: Weekly closed bullish and above the opening price of the previous week so we want to see down candles supporting price.

D1: On the daily, price has broken out of it's bullish range while taking out PWH(ERL), price will likely seek IRL. Looking at 07/12/23 high nested in a daily bullish gap for price to likely turn from there.

H4: Looking at H4, Price has printed series of flat high which may be blown out before dropping.

COT report, comm are net long and the hedging program shows that comm are below the equilibrium line within the last 12 months. Also we can see the weekly and daily is bullish, we follow Institutional Order Flow.

My target is the open of August monthly candle.

Barchart are showing an 80% buy signal. This is not a trade advice, just my thought process.

Journal your trades.

H4 EQH taken with m15 csd and bearish bms after 3am m15 candle was traded through. Up candles should be pushing price lower.

abham:
Good evening, happy weekend to you all.

Prev week played out with the bullish anticipation though price did not go lower for a cheaper entry.

AU analysis:

WK: Weekly closed bullish and above the opening price of the previous week so we want to see down candles supporting price.

D1: On the daily, price has broken out of it's bullish range while taking out PWH(ERL), price will likely seek IRL. Looking at 07/12/23 high nested in a daily bullish gap for price to likely turn from there.

H4: Looking at H4, Price has printed series of flat high which may be blown out before dropping.

COT report, comm are net long and the hedging program shows that comm are below the equilibrium line within the last 12 months. Also we can see the weekly and daily is bullish, we follow Institutional Order Flow.

My target is the open of August monthly candle.

Barchart are showing an 80% buy signal. This is not a trade advice, just my thought process.

Journal your trades.

congratulations

BeginnerTrader:
I feel like to share my little progress today, to whom much is given much is expected. I appreciate each and every one us who one way or the other has contributed massively to the progression of the thread. I bumped into this wonderful community January this yr , due to tedious nature of my work (Waiter ) I hardly participate to chip my inputs but I do well to read every page whenever I have free time at my work place. I got to know about trading competitions here which I have participated and failed many times ,but things turned around 3rd quarter of this year when I hit 40% on tft competition, I received the challenge account and passed the evaluation stages and got a payout laskweek. My current job pays me 30k as monthly salary, but I got a payout of $601k . It leaves me sober and emotional ,after 2yrs of working as a waiter I can't boast of 100k in my account but 10days of trading got me 700k. Lest I forget I got a mail this morning from alphacapital that my live funded account will be ready this week after passing the giveaway account. Glory be to God. Thanks all the bosses in the house, still remain BeginnerTrade.✌️

Good evening, happy weekend to you all.

Prev week played out with the bullish anticipation though price did not go lower for a cheaper entry.

AU analysis:

WK: Weekly closed bullish and above the opening price of the previous week so we want to see down candles supporting price.

D1: On the daily, price has broken out of it's bullish range while taking out PWH(ERL), price will likely seek IRL. Looking at 07/12/23 high nested in a daily bullish gap for price to likely turn from there.

H4: Looking at H4, Price has printed series of flat high which may be blown out before dropping.

COT report, comm are net long and the hedging program shows that comm are below the equilibrium line within the last 12 months. Also we can see the weekly and daily is bullish, we follow Institutional Order Flow.

My target is the open of August monthly candle.

Barchart are showing an 80% buy signal. This is not a trade advice, just my thought process.

Journal your trades.

abham:
Good evening, happy weekend to you all.

Prev week I was not active here.

AU analysis:

WK: Weekly closed bearish while price rejected off a weekly bullish gap between previous month's second and third week high and low respectively. Ideally, weekly is bullish and PMH is where price will likely draw to.

D1: On the daily, price is in the discount of a bearish dealing range and may likely go down to blow out the low taking out PWL like I stated in my quoted reply to Davigle post.

H4: Looking at H4, Price has already aligned bullish after hitting the weekly level. This might just cause price to rally.

Take note, there has been a bullish quarterly shift in October.

COT report, comm are net long and the hedging program shows that comm are below the equilibrium line for the past 12 months and we can also see like it was stated above that the daily is in a bearish DR but H4 has aligned bullish with the weekly.

Barchart are showing a 56% buy signal.

I was able to secure a 5k alpha capital account too. I read a comment of someone here, I can't remember, saying he/she is going to wait till being consistently profitable before getting a prop firm which is excellent. While that is good, don't you think it's best to take advantage of this opportunity so you get to have a feel of trading a prop firm and those guys buying EurAud this week, c'mon, I really want to know your rational for doing that when EG was clearly a down trend on the weekly.


Journal your trades.

Hello

abham:
You have been improving and its difficult to ignore.

looking at current projections, this thread would hit +1k pages before the end of the year.

nice one

Davigle:
AU finally played out as anticipated

Good day Davigle, I noticed on the weekly tf, AU dropped into the bullish gap I talked about on my analysis post but Nzdusd did not, that is a sign of accumulation on NU.

On H4, AU printed a HL within the H4 DR while NU printed a LL with the flat lows likely to be taken out while dropping into the weekly gap.

I will attach photos.

Davigle:
Cc: abham, kozmicity
I think AU may play out accordingly, the only thing left is confirmation from CPI tomorrow. A weaker CPI should send AU soaring as well as EU and GU, while a stronger CPI will send the dollar soaring thereby dabaruing my analysis... Which ever it is I would wait for CPI to come out and then act accordingly...

To be honest you also do not have to tell anyone close to you about this journey you are about to take else they may stymie your growth, trust me. Feel free to rant here when you are loosing your mind and trades are not going your way, also JOURNAL YOUR TRADE. This will help you keep track of yourself and it will help you improve.

abbas01:
Thanks a lot Emeka, this is very helpful. I agree with all the points you have highlighted. Much appreciated, cheers!

Welcome back!

karkinase:
Thanks man

From a macro perspective, true i.e the monthly tf but when looking at intra-week, it is bullish though your narrative might be different from mine.

OneMillionBTC:
It's risky buying EU, AU and GU, they are on a down trend at the moment.

Good evening, happy weekend to you all.

Prev week I was not active here.

AU analysis:

WK: Weekly closed bearish while price rejected off a weekly bullish gap between previous month's second and third week high and low respectively. Ideally, weekly is bullish and PMH is where price will likely draw to.

D1: On the daily, price is in the discount of a bearish dealing range and may likely go down to blow out the low taking out PWL like I stated in my quoted reply to Davigle post.

H4: Looking at H4, Price has already aligned bullish after hitting the weekly level. This might just cause price to rally.

Take note, there has been a bullish quarterly shift in October.

COT report, comm are net long and the hedging program shows that comm are below the equilibrium line for the past 12 months and we can also see like it was stated above that the daily is in a bearish DR but H4 has aligned bullish with the weekly.

Barchart are showing a 56% buy signal.

I was able to secure a 5k alpha capital account too. I read a comment of someone here, I can't remember, saying he/she is going to wait till being consistently profitable before getting a prop firm which is excellent. While that is good, don't you think it's best to take advantage of this opportunity so you get to have a feel of trading a prop firm and those guys buying EurAud this week, c'mon, I really want to know your rational for doing that when EG was clearly a down trend on the weekly.


Journal your trades.

abham:
Good evening, happy weekend to you all.

Prev week played out as anticipated.

AU analysis: Weekly closed bullish while price is drawing to a bearish weekly gap low 07/08/23 high, which will likely be a draw on price. On the daily, price has aligned bullish during the previous week. Anticipating price to draw into Wednesday daily candle open before hitting the weekly level but price can do what ever it wants.

COT report, comm are net long and the hedging program is also showing a bullish structure on daily.

Barchart are showing a strong buy signal.


Journal your trades.

Great Analysis Davigle, the daily DR may likely see price drop lower taking this week's low on AU.

Davigle:
Alright folks, here's my roadmap map for the week ahead and also as a bonus to any newbie here struggling with technical analysis you can make a request here on the forum and I will analyse any pair of your choice that you ask of me. I'm no expert nor a professional but I am willing to help a fellow noob.
Among the charts below, Aussie has my attention at the moment because the current price action looks optimal
Cc: abham, rhynoemmie, kozmicity, samfelly and et all

Good evening Davigle, I've been busy with some personal issue. God willing, next week i go try dey active.

Davigle:
Shout out to boss geovanni, abham, rhynoemmie, karkinase, and every other boss that has gone radio silent, what's popping with you folks cuz your presence here is sourly missed

congratulations to ernesco and nzechu on their accounts gotten, more to come.

You are doing great.

Crumbian:
Thanks man. Needed this

I hope you get more gains.

[

randy01:
Respect bro.wish I knew this earlier.i open this thread for more knowledge like this.i would try this when am ready to trade volatility again.
I would focus on Forex for now.special thanks bro

Man, i'm no genius, i just did a google search. You actually do more of a genius contribution than i will ever do with your analysis.

quote author=Geovanni412 post=127061750]

You're a genius for this..oil dey ya head

@crumbian, work with this for ya risk mgmt if you must go with crash and boom[/quote]

You're doing great Davigle, spot on with your analysis.

Davigle:
Morning folks, price delivered on GU as anticipated, although I did not take the trade but I'm glad to see that it did play out well..

Good evening, happy weekend to you all.

Prev week played out as anticipated.

AU analysis: Weekly closed bullish while price is drawing to a bearish weekly gap low 07/08/23 high, which will likely be a draw on price. On the daily, price has aligned bullish during the previous week. Anticipating price to draw into Wednesday daily candle open before hitting the weekly level but price can do what ever it wants.

COT report, comm are net long and the hedging program is also showing a bullish structure on daily.

Barchart are showing a strong buy signal.


Journal your trades.

abham:
Good evening, happy weekend to you all.

Prev week played out as anticipated.

AU analysis: Weekly closed bullish while stabbing the monthly bearish gap low again, seems the hike in Aud interest rate has started taking effect. On the daily, we are seeing bullish momentum, though the cpi rally printed a huge bullish gap which might be traded into again during the week. Jus a theory I'm adding, if Monday does not take out Friday's high nor low, we might see Friday low taken out within the week.

COT report, comm are net long and the hedging program is also showing a bullish structure.

Entries has been off as I am working on incorporating a new confluence to my trade plan.

Returns for this month comp, -0.82%.

Journal your trades.

Davigle, I am anticipating your au markup.





I like the pace at which you are going with your improvement. All your analysis are on point, I pray better opportunities locate you.

The way you are doing it best suits your personality but I will just add this:
-Where is the current range
-Where is price coming from
-where is price now and lastly
-Where is price likely going to.

I use this template to backtest and you can also incorporate the weekly calendar to it too, I will do this when I finish my current backtest log.

LincolnOnyeabor:
Shout out to all the bosses here.


You guys are doing wonderful.

Abeg how can one Journal ones trades correctly.

I write it like a journal like as though I'm telling a story but I'm thinking it's not right.

Shouldn't it be more Technical or what?? I add my entry price, exit price, Lot size and what's not there but I still want to know if there's anything I'm missing.

Let us be honest why would you want to trade a range when you don't have a bot to do that or you are not a scalper at heart.

RKTexpert:
I rather take my chances at trading a range-bound market than trying to ascertain what side or direction to frame the market...he get why?🤕👇🏼

You were the first to quote, at least help or advice the individual how to go about getting the information asked.

Ballzproblemm:
over how many comments no answer this place sucks if you are a newbie,na just to come asslick people making bag that won't reach them

This is not a dumb question at all but an opportunity for you to learn. Don't be comfortable with the habit of being spoon fed and I know you have been here for more than a year. I have noticed within the space that the more research you do about this machine, the more you get to know about it and you get confident in the research you did if you learned from the right source be it fundamentals, technical and psychology .

So roll up your sleeves and start digging, happy findings.

EASYLIFE4US:
Maybe it's a dumb question but thanks for reaching out 🙏

Good evening, happy weekend to you all.

Prev week played out as anticipated.

AU analysis: Weekly closed bullish while stabbing the monthly bearish gap low again, seems the hike in Aud interest rate has started taking effect. On the daily, we are seeing bullish momentum, though the cpi rally printed a huge bullish gap which might be traded into again during the week. Jus a theory I'm adding, if Monday does not take out Friday's high nor low, we might see Friday low taken out within the week.

COT report, comm are net long and the hedging program is also showing a bullish structure.

Entries has been off as I am working on incorporating a new confluence to my trade plan.

Returns for this month comp, -0.82%.

Journal your trades.

Davigle, I am anticipating your au markup.

abham:
Good evening, happy weekend to you all.

AU analysis: Weekly closed bearish while hitting the monthly bearish gap low, September high which is a form of IRL. Anticipating price to seek ERL on the monthly. Price is now in a deep discount on the weekly where it may seek ERL which is the high that hit the low of monthly gap. Monday will give a clear direction along with cpi.

COT report has not been updated.

My bias for last week was wrong, hopefully this week may be right.

Returns for this month comp, -1.68%.

Journal your trades.

I like the pace at which you are going with your improvement. All your analysis are on point, I pray better opportunities locate you.

Davigle:
CPI CAME OUT BEARISH AS ANTICIPATED, LONG LIVE THE BULLLLLLLLSSSSSSSS, OK PEOPLE, WE ARE SET TO HAVE AN END OF YEAR RALLY ON STOCKS, SO LONG IT WITH EVERYTHING YOU'VE GOT, CUS WE ABOUT TO LAND RIGHT ON THE MOON BABY.

DISCLAIMER: PLS TRADE RESPONSIBILY AND USE THE RIGHT RISK MANAGEMENT CHEERS

CC: abham, rhynoemmie, kozmicity and et all ...