₦airaland Forum

willscolf: dia ws dis sharp downward movement by gbp/usd @ around 10:41am 9ja time,wot exactly caused it? coz dia ws no fundamental news @ dat time accordin to forexfactory

caesaraba: Hope someone traded (or is trading) the breakout on GU this morning?

stmichael001: Trading the GU breakout strategy........

all thanks to bros accentuate!!!

willscolf: ya @accentuate,i saw d brkout dis morning bt disappointinly i ws late.gonna wait 4 nxt week shaa

manufos: You are absolutely right, better to be in the green with 1 sure signal than in the red with 5 signals. A good strategy for beginners.Nice work.

willscolf: hi accentuate,tnx bro 4 d breakout stuff.i checked d breakout 4 2day nd it ws rite on point,d breakout 4 2day gbp/usd occurred around 9:20 am 9ja time,doh i didnt trade it coz it occurred durin a gbp high impact news,do u trade it durin high impact news?

accentuate: @Wiscolf:The idea behind this simple Forex trading system is to capture an early move of the price when it starts to establish its new direction/trend for the day.

As we know the Frankfurt market opens at 2:00 am EST (which is 7:00 am GMT), then an hour later the other giant - London market opens at 3:00 am EST (which is 8:00 am GMT). The European session is the first major session for each coming day.


So, what do we do?
We start with 1 hour time frame, preferred pair - GBP/USD and no indicators.
The price range we are going to focus on is from 1:00 am EST to 2:00 am EST.
We look for the highest high and the lowest low of the price in that range and simply draw parallel horizontal lines through those extremes that will create a tunnel.

Now we are ready to move to a smaller time frame - 5 minute chart - and watch for the whole 5 min candle to close outside the tunnel which will provide a signal for us to enter with the open of the next candle.

See the Illustration for today's trade on GBP/USD 1 Hr and 5 M tf

willscolf: yeah its being pissin me off bt thank u all 4 ur opinions.@sunwalk 1:am -5:am on gbp/usd right? @accentuate u cn send it to davidezimah@gmail.com

willscolf: d inconsistency most of us encounter tradin BOM i gues is rili frustratin.dis week u r winnin d next d market is agnst u nd d duration u use nd u r loosin tripple of wot u won last week.2 b frank d duration is rili a serious issue in binary.4 instance u mke ur analysis dt price wil go up nd u enta enta ur duration as may b 20mins,den during d 20mins price jst decides 2 go below ur entry point nd u loose nd afta dat it starts shootin up as u analysed.so u c is rili frustratin.so i for 1 ws begin 2 tink dt if it wia in forex 1 wud stil b in d money provided stop loss ws nt hit.jst my thought my ogas knows beta.

willscolf: accentuate longst time.r u stil usin dt ur rsi nd stochastic strategy?

noriega: Now I would go into a controversial topic, hope my friends wouldn't get pissed!!

Now as a trader, subscribing to signal or would i say the whole thread ideology is wrong " Binary Option Free Alert Season" (PLEASE REMEMBER THIS JUST ME THINKING ALOUD) so don't get pissed. I respect the person who put up this thread and everyone that contributes. But in my own opinion to traders that want to grow, subscribing to/waiting for signals is the worst thing you can do to yourself, you may ask me why?

Now i would use an example: Mr. A and Mr. B, Both started with $3000 trading out 2003. Mr. A quickly signed up to AMAZING FOREX COPIER services and has been making 40% per month for the last 10years, yeh you would say he did well and he is rich. Now put it in the back of your mind that its been proven that signal providers don't last forever. Now Mr. A has spent 10years making money but not learning anything about Forex/Binary.

AMAZING FOREX COPIER closes down, like they always do and he is left in the cold. for sure he had made some money in 10 years. Yet the aim of this business is continuity. Being able to do it always just like very old sport betting, i have a friend he is a Canadian and long before sports betting went online he has been feed his family with sports and he still doing it today, and its so because he learnt the trade.

While Mr. B, probably blow his $3000 account and had to bend down and learn Forex, after 10years he is a pro. With just $500 left and i can tell you that in the next 10years he would be multiplying that amount in 50 folds while Mr. A would be left out in the cold.

Now am not saying that you shouldn't do signals, No! you can if the sole purpose is to grow your account and still learn Forex trading. but if i were you i would keep my money, train, learn and be master of my own ship.

Because, if Tony viclson can do it, you as well can. But first you have to learn from your mistakes. So now stop asking for this new system or that indicator. go through this thread fish out systems and test. build your own confidence, cos confidence plays a big role while trading.

Let me tell you a little story, one of my best systems i use up till today. when I first used it and lost $800 and dumped it. After 2 years i bought a new laptop and was copying old file when i found it. DELETE or NOT DELETE? that was what went through my mind, but i thank God i didn't cos today that system brings about 35% what i earn in a year. So go through this thread pick them up, like i said i wouldn't say those that would wipe your account cos it wouldn't be fair, but if you do your back test well you can as well know them.

So finally when you come to this thread forget the "Binary Option Free Alert Season" insignia, forget signals. Just put your head down and learn. exchange emails with folks here and learn. If the information cost money, pay for it. not everything is free in life. Besides you are going to use it to make money so why wouldn't you pay for it. Do your research.

I said something a while ago about Harmonics, and I was glad someone picked that up and has been reading up on it and has sent me an email on it. now that is how to develop oneself. Well i would stop here and go back to my trade.

Please for those who might take this the other way, DON'T!. Just me thinking aloud. if you don't agree, well we always have a choice.

noriega: better don't waste your breath!! do you know why? even if you get that, you would lose it cos aint no MM banking on $20 to make $2000. So take a step back. and get yourself some good funds and get back to binary. besides, try to gain the knowledge its worth more than $50. and its all in here. SO make a choice

folaschool: i mean between $20 to $50

Old boy: Hello, is there any Binary Trader expert in the house that can be trading for me for an agreed %age sharing..
I don't know much about this trade besided, my work has not given me enough time to learn and trade.
If we can have a deal, kindly post your contact.

Praise5: Guys pls help, I've been trying to register on binary.com so I can open a virtual account but this message always appear "our service is not available for residents of UNITED STATES". I'm actually in nigeria.

naija a-one:
helo guys, there are a lot of gud strategies dat so many gud samaritans are dropping on dis thread but i cannot try dem out because of my MTN bis subscription is really frustrating me for over a week plus now. is any guy experiencing d same network problem. it keeps disconnecting after like 3 minutes of connection it sucks so heard. please guys which subscription do u tink will be a better option.

austey10: OKAY GUYS HERE IS THE STRATEGY

INDICATORS:

EMA(50): THE EXPONENTIAL MOVING AVERAGE ACT AS A DYNAMIC SUPPORT AND RESISTANCE AND ALSO SHOWING US THE OVERALL TREND
STOCH(5,3,3): IS TO CONFIRM PULLBACKS OR RETRACEMENTS;SO DOESN'T MATTER IF IT TOUCHES THE 80 OR 20 LEVELS.

TIMEFRAME:15MIN

RULES FOR BUY:

*PRICE IS ABOVE 50EMA
*PRICE MAKES A PULLBACK
*WATCH OUT 4 A SWING LOW( A swing low is simply a turn point at the bottom of price action,is a Three bar formation)
*Finally,enter at the opening of the third candle.For 15min or 30min.

RULES FOR SELL:

*PRICE IS BELOW 50EMA
*PRICE MAKES A PULLBACK
*WATCH OUT 4 A SWING HIGH( A swing high is simply a turn point at the top of price action,is a Three bar formation)
*Finally,enter at the opening of the third candle.For 15min or 30min.

OKAY GUYS,WAITING FOR FEEDBACKS AND QUESTIONS.SEE PICS BELOW:
nice one using your strategy

austey10: OKAY GUYS HERE IS THE STRATEGY

INDICATORS:

EMA(50): THE EXPONENTIAL MOVING AVERAGE ACT AS A DYNAMIC SUPPORT AND RESISTANCE AND ALSO SHOWING US THE OVERALL TREND
STOCH(5,3,3): IS TO CONFIRM PULLBACKS OR RETRACEMENTS;SO DOESN'T MATTER IF IT TOUCHES THE 80 OR 20 LEVELS.

TIMEFRAME:15MIN

RULES FOR BUY:

*PRICE IS ABOVE 50EMA
*PRICE MAKES A PULLBACK
*WATCH OUT 4 A SWING LOW( A swing low is simply a turn point at the bottom of price action,is a Three bar formation)
*Finally,enter at the opening of the third candle.For 15min or 30min.

RULES FOR SELL:

*PRICE IS BELOW 50EMA
*PRICE MAKES A PULLBACK
*WATCH OUT 4 A SWING HIGH( A swing high is simply a turn point at the top of price action,is a Three bar formation)
*Finally,enter at the opening of the third candle.For 15min or 30min.

OKAY GUYS,WAITING FOR FEEDBACKS AND QUESTIONS.SEE PICS BELOW:

folaschool: @ accentuate, how with ur straegy on live account

wapmasta001: BOM VERY FUNNY AT TIMES......BOM AINT GAMBLING IF YOU KNOW WHAT YOU ARE DOING, EVEN WHEN IT HAS TO DO WITH TIMING....BUT GOOD TO TRADE FX TOGETHER WITH IT AS D MAIN THING.......

seye15627: Why broda, this is not the place for dis, oyo lowa.

oyewale3000: @accentuate. Does this method work on all pairs?
If not which pairs do you reccommend?
I've been trying it on different pairs, bt it's a mixture of winning and loses o.
--awaiting ur response

accentuate: find attached EU this morning

charlso1: My oga at the top, uploading your winning charts will be better in other to study with it and i sent you an email you have not replied me. Here is my email again idahorucinclubs@gmail.com. Thanks!

alarena: @Accentuate .... i added u on YIM... cn u pls cum online let chat a little bit.... a "YES" will be highly appreciated..tnks

Or beta still... add me up... Yahoo msg... alarenap

accentuate: if you still wish to trade today EJ and GJ will soon get signals.presently,both pairs are at overbought region on 15m tf.
at this level,just wait for EMA 10 to cross down RSI line and enter with the next candle that's all.

willscolf: 20 vs 3 on BOM? hw com d strategy doesnt work 4 me.wen stochastic goes above 80 nd strts comin down wit RSI crossin below EMA10 frm level 70 on 5mins TF i enta 4 a fall bet 4 30mins yet i kip loosin more dan i win,wot am i nt doin right ?

willscolf: though d RSI crossed d EMA10 upward but from d above screenshot, stochastic was almost close to d overbought line yet u entered 4 a rise, y?

sunwalk: read between the line. in the 5M TF, use 30 mins once it is on the oversold or overbought zone. dont wait till MA10 crosses over.

the cross over is applied to 15M TF just for 2 candles to make 30Mins durations. read between the lines. the tweaked strategy was never applied to 5mins