₦airaland Forum

Too easy, actual data not greater than previous and unemployment rate lesser than previous. Bearish DXy bullish everything.

9:30 equities open with a setup but keep in mind
Pmi numbers.

abham:
Good morning.

Be sure to backtest with the data before hitting the buy or sell button.

Good morning.

Be sure to backtest with the data before hitting the buy or sell button.

Your time go come.

kozmicity:
Thank you sir, but I'm not yet as proficient as galleryeasy. That's my goal

Your mark ups dey interesting to me.

kozmicity:
GU might be heading for a retracement for a downside continuation. Gold buy might be feasible... I don't see myself entering though.

Lmfao, trading no be your mate seh.

clems88:
lol. Yesterday after I entered a trade it started dipping. I had to close on loss, immediately I closed on loss market reverse. I wan cry. Is like those brokers dey monitor and manipulate the market

If it’s on the D1, that’s deep discount. The futures contract have that gap up too and I’m anticipating it to be closed within this week.

charly20:
That gap at $5.00 is where I'm waiting at.

Ok bros, I’m resting. Nat gas took me out and dropped 32.6 points, You win some and lose some.

charly20:
Rest

Massa, the way you dey pressed about this issue, if you no come out to 10 e go pain me, I like your enthusiasm.

My eye dey on natural gas to close that Sunday gap by 9:30 NY open.

realone12:
so what are you going to do now in my own Case?

Lmao I dey see names of people whe never post here before on the contest table.

May the odds be in your favour, but be careful on Tuesday and Wednesday.

You will bro.

I wish you all the best in the competition.

Borntosmoke:
No bro, I just used it like that . I pray I win d competition.

Thanks senior.

samfelly:
Yeah, it is o. Guide it jealously. Speedy recovery, bro

Thank you Chief, health is wealth…

zonall:
So sorry chief. Pray you get well soon.

Closing this before the closing bell, though It’s still in profit and SL above entry.

abham:
Playing around NFP, I’ve not traded this week due to ill health but let’s see what these guys will do. Long on Nas.
Entry: 11802.80
Sl: 11772.00
Tp: 12126.61
Lot: 0.08

Modified:
SL moved to 11836.94 BE now.

Playing around NFP, I’ve not traded this week due to ill health but let’s see what these guys will do. Long on Nas.
Entry: 11802.80
Sl: 11772.00
Tp: 12126.61
Lot: 0.08

Modified:
SL moved to 11836.94 BE now.

Use deriv P2P app.

Elliotwaveforec:
How do I deposit into deriv account? I tried to fund through my luno account with litecoin, but it didn't go through.

Meanwhile, there's more money to be made in synthetics than Forex; steady profit

Demo

After making this post, I got banned and could not post, I later moved SL to BE and got something off the trade as I noticed the turn.

Find Attached.

abham:
Took a trade on AU which was a buy retracement and SL tagged On Tuesday -$500. 2.5 lot with a 20 pip SL I should have joined the bullish train but I was too lazy and sleep dey me eye.

Entered a trade on Natural gas buy today. At this post, it has moved 9 points with 0.2 lot.
Entry: 7.466
SL: 7.388
Tp: 8.533.

I might close and take partials before tp hits and yesterday was bank holiday in the US that is why it was slow.

Took a trade on AU which was a buy retracement and SL tagged On Tuesday -$500. 2.5 lot with a 20 pip SL I should have joined the bullish train but I was too lazy and sleep dey me eye.

Entered a trade on Natural gas buy today. At this post, it has moved 9 points with 0.2 lot.
Entry: 7.466
SL: 7.388
Tp: 8.533.

I might close and take partials before tp hits and yesterday was bank holiday in the US that is why it was slow.

Galleryeasy:
Hey guys , hop we are killing it on the low? Volatility is fading away. I'm kinda confused, took a Sell trade on EU last night and I was expecting my swap fees to be around -$60 on both Brookers but I noticed that MFF Brooker didn't deduct the fees rather they added $68 to my profit while TFT deducted the swap fees.. what could be the reason.

Nice one bro…

MONEY247:
Trade closed 30 pips profit...
We wait for another opportunity...

I know say 200 ngn nor fit do anything for anybody.....but I Sha closed in profits...
If say nah dolls now....e for make sense.....
But nah demo Sha..... just being busy...


I once again missed sweet trade on usdjpy.....
Painful.......
We wait for another opportunity......


Yo.....see ya guys

We trading snakes patterns now, we learn everyday.

FXcandles:
Traders can't control the market, however trader must control their risk.

Oil price pattern still like a snake, the price fail to reach 90 even heavily drops to 84. Draw horisontal line now at support zone.

This kind situation na emotional damage. In cases like these, the market would be running to something or to manipulate people before going it’s true direction na why e go to look at HTF levels.

realone12:
what about those kind of news reaction of which the market goes very very deep on one direction and immediately take the opposite direction all within few minutes?
how do you cope with such kind of market reaction during news hours trading high leverage?

if the price takes the opposite direction before going toward ur intended direction, won't you May have received a margin call before the price goes to your intended direction?

or what if the price takes your intended direction only to reverse back within a few minutes. won't that result to margin call as par sey na very high leverage you dey use.

VlamesIffect

All thanks to God.

Borntosmoke:
Boss thank you for this valuable information. I will take that into account.

Ok, we all good then.

Jameselias:
The question was asked in good faith

C’mon man we all get one or two advice from charts dropped here.

Jameselias:
When do you hope to start following only your own self

True sha, we learn everyday. In reading COT report you follow the commercials report in line with other factors which may make things complex. But in a nut shell na Commercials dey give market price so it’s best to follow them. If their figure keeps increasing in a current trend just continue with them but once the figure has a negative value in a trend, that signifies a trend reversal.

You can check that with the Dxy on cot report, was -25k so commercials were short on Dxy and cpi was just a catalyst to push price lower on barchart.

Hopefully you can check back on previous data though it’s not always black and white as you must blend it with PA.

See attached video.
https://www.youtube.com/watch?v=W3jOAyaM6q4&t=717s

Borntosmoke:
Im not a perfect trader. We cant see the samething. I follow someone that have 7yrs experience in the market with a solid track record. I'm not right on 5 trades dosent mean I'm wrong in my analysis.

You read the COT reports wrong and you also read PA wrong too. Dxy was heading for a level below the market place but what do I know.

Borntosmoke:
Time to make money . Inflation is gonna be decreased by -0.4% in united states. We should see usd been bullish

You fit show the total Open Interest figures, no vex na just the percentage dey visible for this photo.

Borntosmoke:
na this bro. Big players are buying usd like mad

Yes they do and if you interpret it wrongly, it’s brutal.

karkinase:
These cot Dey work?

Which Cot report favoured USD?

Borntosmoke:
let's make money

Sell Gbpusd 90 pips stoploss, after placing the trade close your laptop, open it after cpi news on thursday. 400 pips profit

Reason for entry

Interest rates favour usd
Cot report favour usd
Retail sentiment strong buy
Inflation favour usd.

So long you butter their bread but the other gender go need affection, in that case you go need create time for her.

Galleryeasy:
My Fiancee is even complain to my mom, is this what she signing for Is either glue to screen (Trading/Backtesting) or watching soccer. I can't even remember the last time I play with ma sis, but I can vouch that they lack nothing since i moved to prop.

You gats be a loner when you dey learn this forex. I barely go out recently except for essentials or when I’m exhausted with learning or the markets are moving mad.

Hopefully we all meet our goal.

Galleryeasy:
You are one of the traders I admire so much in this forum, I might not know your age but have shown high level of decorum here.

Pulling 400% in space of 11 month is crazy man, I guess you are still undergraduate with enough time by yourside, take it slow to learn and unlearn. You know the saying " Forex is the hardest way to make easy money" I wish I knew Currency trading when I was in my 20+. I started late bro, let me say 30 . I had it rough,lost sleep, friends and relationships trying to understand this game, became a loner. Only this yr I have made more than 60% on prop,the plan was to hit 100% before November,no biggie I'm still happy with myself. Next yr I'm going crazy on E8 & FTMO

My little advice is for u to shift from that swing trading to intraday if u have interest of going for prop firms. Keep grinding!

I take it back, since it looks like I dey ahead of myself for here.

VlamesIffect:
se na pipsbasket you dey quote abi na mistake? Person wey u suppose dey ask for nuggets...

Are you familiar with inter market analysis, if yes you can look out cbr index and gold correlation though I see you’re more on the fundamental part.

GabsonFX:
I added 3 more positions at different levels with different lots (martingale) but only sell, sell, sell, though sell call is already invalid but ehh, I have made good profits from this, I even had to add more funds so I could have enough room for this. Now, I have closed lot of +ve trades here, then added more and more at different levels and have made good profits. thanks to martingale.

I don't martingale, except when prices goes opposite my order with sharp moves while my current order is still valid, then I go martingale in order to scale and scale until i make profits from the retracements of the sharp move, which is what I have been doing since yesterday that gold has been unstable.

Last two weeks have been tough on gold, just ranging within a band, this is a no no for swingers, however, I managed to make profits from these. From Monday, a buy go sure and that could mark the start of 800pips for swing traders.