₦airaland Forum

Brah you abandon AU?

MONEY247:
Usdchf...pair focus...
No sign of any kind of bearish reversal,
You see that candle, arched at the bottom, they call it dragon fly , or hanging man, can't remember.... .it signifies bullishness

Usdchf would tank up magnificently........
NB: Trade on demo, only...
I am a demo trader too .....lol

Forex trading is sweet...

Timeframe pics.; D1 and weekly chart

October is a new quarter. Looks like we are making the low of quarter today or tomorrow if yesterday’s low gets taken.

Ordibest bros.

Lanshile:
Okay no probs
No one is perfect in this game
Will update u on how it turns out base on the fact that it is my first analysis here

Firstly it’s not just grammar, secondly this your analysis does not make the entry I quoted initially to be valid as it invalidates it.

Lanshile:
All this grammar on top trading
That's no weekly ob but let's wait and see
That point I marked is a point of reaction
For price to either change bias to a buy or continue to sell that zone has all the information a trader needs
If u look at the last candle that closed forming a Bearish wick rejection
Price missed the point where it should reject with 2 pips
Boss this is where the manipulation comes in
If their is high impact news they know that where the price missed with 2 pips some buyers will still put their limit there so they push it downward to take sl Then make it close where it missed with 2 pips
At market open
Observe this things
1 price may cover up for the 2 pips then create a bullish candle to validate the point
2 price Push further down to where I marked earlier then bounce from there to mark the beginning of bulls coming in

If I speak, someone go say na Grammer so make I just give you hint. Check how to use barchart[.]com to predict price, thank you and God bless.

Borntosmoke:
When interest is hike and cut how can I know on the chart?? Anyone to teach me fundamentals. I want to know what really drives the market

Brah did you check his entry point before you made this post, the trade would have hit s/l by this your analysis.

Besides, you must be the banks to know price will reverse from the weekly OB mean threshold. But anything can happen.

[quote author=Lanshile post=117004626][/quote]

I really want to know your thought process for taking a buy. AU is
1) heavily bearish
2) at least 80% of the range of which any bullish move is a sell retracement entry and
3) maybe you dey trade counter trend. Well the trend is not your friend.

Vhipa:
Thoughts on Asian market tonight

How much deposit should be made before the bonus can be withdrawn because I remember tickmill where I think Englishisamust or so who introduced me and I ran that acct from $30 to $120, na when them tell me I have to deposit $100 to make withdrawal.

karkinase:
Join JustMarkets with this link and get 150% bonus on the first deposit: https://justmarkets.com/?friend=650478408.
Get $30 welcome bonus.

Whatever works for you.

GRIMMJOE:
I'm a very impatient human, I won't be able to calm down and read all that, but I believe I'm save by using 0.01 margin, which is the smallest possible margin.

But if things goes south I have bookmark the page, hope it doesn't.

The question no difficult, it’s one of the basics in trading which is essential. Leverage is more like how much your profit or loss would be if you make use of a standard lot as it also applies to your micro lot too.

The profit/loss for 1:50 would not be the same for 1:200 leverage.

I hope this helps: https://www.investopedia.com/ask/answers/06/forexleverage.asp

GRIMMJOE:
This your question don come hard pass the double way I dey try do.

Na to move to another platform.
Trading view does not have brokers we can fund locally here so we’re bleeped in a way.

PraiseGod4u:
what does the future holdsfor fx now

Fed chair speaks today, LFG!

I need that volatility on nas.

1) Slippage
2) Market gapped down and you’re lucky you got stopped out because most times these gaps don’t respect stops.

dmahn:
Can someone pls explain this to me.. These trade was on my favour and still had tendency to hit more profit, I woke up the following day to see I've been stopped out with a loss despite my Sl is at break even. Stopped out at exactly my Sl and market went back to up... And this is the third time this is happening
.. Pls anyone here profitable with pepperstone?

All good hopefully HOW forms tomorrow during Ldn.

charly20:
Good to hear from you. We are all doing our best on this side.



I agree.

Edit;
I'm rather looking at .68750- .6900

Modified:

If price is in close proximity to 0.6811 on AU, anticipating a drop off as the HTF trend is bearish.

True but have you checked the open interest for Euro futures, September contract. The ECB also hiked their interest rate and it will take effect from next month so let’s keep an open mind to a risk on Dollar.

karkinase:
Don’t be deceived guys … dollar is still very strong..

Seasonal tendencies guys, reduce your Leverage in August as it’s mostly choppy because most people are on summer vacations… massive moves starts next month.

Good evening, if you have a profitable system, there might be no need to try out ICT concepts but the risk reward is well, I’ll say 65% so I do not get your hopes high but once you back test, you’ll know the better average.

Secondly, the news is just a catalyst to drive price to P/D arrays so no, his concepts does not rely on fundamentals but elements such as WAR, Election, Global epidemic can distort the markets

How have you been, I barely see you posts here recently.
.

Englishisamust:
I want to ask you some question on ict because I have a strategy that is profitable before I'm just looking whether I can add more to it by learning ict

1. What is Ict average risk to reward and winrate?
2. Does he use fundamentals?

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

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.

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.

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.

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?

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.

Good evening.

In learning ICT concepts, you start with Market Maker, W.E.N.T, Scout sniper and Trading plan series.

All these are on the play list of the channel. I must warn you, some videos are 2 hours long, he talks slow, he talks about his experience as a trader which makes him digress but there are nuggets there and you must get a journal to write down stuffs while seeing each video.

It might look confusing and boring at first but after watching, go through your chart and look for those things he talked about and go over the video again and it will look like a light bulb, ordibest Sam.

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

This asset it +ve correlated to Nasdaq

successsam121:
Risking 100 pips for a 300+ pips reward is not bad sha on a long term trade. Possible NU buy.
Happy Sunday and a profitable trading week to all bosses in the house .

Still a humble trader.

ok, I thought otherwise.

Have a blue week.

Galleryeasy:
. C'mon bro, you misinterpreted the gist, I still trade demo(when trying new concept) ,even the so self acclaimed pro traders do. No one is market wizard . What I was just trying to pass was ,we should not get married to demo ,if you continue to trading demo account you won't see the demon controlling the price, I rather go for cent account with $5 you will virtually make a progress..Just opinion not bashing

Good morning, with the bolded, We the association of demo traders are not seeking your validation to take us serious. Everyone’s learning curve is not the same, you getting to know your edge or bread and butter setups early does not mean that people trading demo no serious.

It’s good you’re trading a prop firm account and an instrument that is trending, good for you and ordibest. At the moment most currency pairs are a mess take Gold asset for example even if it’s not a currency but we all know the volatility makes everyone want to trade it. Then imagine a new person learning in that environment having to deal with manipulation.

I guess u started with demo too at some point of your career so just chill and enjoy your winnings rather than seeking validation from demo traders saying you don’t take them serious. Even traders here that have excellent track still trade demo.

By the way, you back test and feel everything is so easy but once in love market conditions, it’s a different ball game.

Galleryeasy:
No room for Fear in this industry bro, if you have back tested your strategy very well, then get the music rocking . I don't take someone who is demo trading seriously, you need to get burnt to kill emotions, just get the 5k account if you have the money, or go for cent account. This is the 3rd challenge I'm about to pass this yr.never failed a challenge, to keep the live account is the Koko. As for the Beast US30, that's my favorite,very easy to read.

Awesome.

charly20:
Yeah! I said I'm not trading this month. So i left my account and decided to play on trading view

If my system still dey work at least make i try dey see virtual money wey the system dey yield

As at typing this, price is in discount on the H1 range. Hopefully 9:30 would give a nice setup.

Of late, I’ve been getting setups during the PM session.

charly20:
I sought intra day entry around that gap but price was unwilling to reach for it even after yesterday's AMD happened.

So i went with swing entry after yesterday's daily close as "confirmation"

PS: everybody na chief for him own lane. Cheers

Good morning, I’m no Chief yet.

Well, the gap up on the weekly open is a target of going long and it might consolidate there for a while before it drops to take out SSL.

I only watch AU, EA and Indices.

If you look closely there’s already a sms and let’s see if it wants to go lower and if it does, point a lows should be your target.

charly20:
Checking out the nitty-gritty of my system without pressing any buttons. Sniper entry we've got.

Looking out for oil and UsdChf yet.

Cc. Chief Abham.

Ok, I’ll keep this in mind.

charly20:
BOS = Break of structure.
CHOCH= Change of character.

Change of character is transition from bullish market to bearish market and vice versa.

Break of structure is violation of already established lows or highs in that market (bullish or bearish).

Change of character indicates start of a new trend (bearish or bullish) and BOS indicates trend continuation.

Hi good evening. I’ve been observing it for a while and I was expecting the SL at the top to be taken for a reversal down. Your analysis is same as mine but I’ll be excited to see how it plays out tomorrow.


At the moment, Nasdaq is the strongest of the three indices and divergence is a powerful confluence in trading indices.

Modified: In your previous chart markup, what is the difference between
1) BOS and ChoC and
2) When do they apply
3) What parameters do you look out for in their application.

I think I might have asked this before but just refresh my memory, thanks.

charly20:
Price study (3)

Using one index as the frame work for other indices, this is what i hope tomorrow yields. And of course, it's a mental trade for me. My target is below "(a)"

If this trade is true, it may solidify my conviction that us100 is repeating it's immediate macro sell model.


Cc. Abham, do you still play S&P500?

Good morning, all target reached.

abham:
Good morning, first target is the PDL, second target probably PWL and third target at .68291.

So your bearish bias is valid but let’s see what the market will offer.

Good morning, first target is the PDL, second target probably PWL and third target at .68291.

So your bearish bias is valid but let’s see what the market will offer.

Fxmansaix:
Big chaps ..... THIS WEEK or IN TWO WEEKS max how are we trading AUDUSD... projections:
money247, abham, kumulus and anyone else interested in aussiedollar...how are we milking this shit?

AFTER THOROUGH TECHNICAL ANALYSIS
Mine are 1) audusd to .71000 OR
2) audusd to .68000 then to .71000 OR
3)audusd to .68000 then further dip which I wont trade this week. P.S: i dont expect it to do what i want it to do but if it gives me my confluences that it wants to do so,im not hesistating to trade my probability. my only concern this week is that price might just range as it is the last week of the month and Q2 but i hope it doesnt range and if it does im staying out and watching like a bat

Yes.

Jameselias:
Oh thank you abham,
so to get the value for 0.01 i should divide by 10, right?

0.74 using 0.1 lot size.

Jameselias:
Please somebody how much is the dollar value of a pip in gbpjpy

Hi, welcome back.

Fxmansaix:
Yo everyone
Long time no see.
Your favorite AUDUSD boy.
Money247 ,abham ,infofirst baba, kumulus...
Wetin Dey nahhhh?