₦airaland Forum

saxy4c:
Very true bro, market is grey, we win some and lose some. I just want us us all to be winners at the end and still be friends. No be quarell. Finally are we profitable? Na the koko be that. Nice one man.

bros am still struggling oooo...las las we go make am sha

saxy4c:
I guess you now know more than market technicians or Financial times or Wilipedia.
Arguing doesn't put money in our pockets, I just hate when people get the wrong basic education. Another misconception you guys have is because you take trades off a small tf it means the trade would last a short time? No!
Look at early in the morning when @blackeuropean, wiconse and I were trading. @blackeuropean took a sell at 1555 to scalp for maybe a few pips, but trade went against him for almost 80pips to 1562.5 and then came back down to 1550 where he took profits. That's the classic style of SCALPING, you should be ready for trades to go agaisnt you up to 5R before you take your TP.
Scalping isn't for everybody, dammit it's not even for me, my risk can never be more than my profit objective, NEVER! But of course there are successful scalpers out there. But keep in mind that scalping isn't just about the time period, yes that counts but its mainly about the price objective. Attached a few definitions from Financial times, bloomberg and wikipedia.

You can hate or like anything you want bro, thats entirely up to you... Thinking someone got a wrong basic education, I will think that may be you when it comes to scalping meaning...

A trader that took trade on a 1min tf and manage it on 4hrs tf cannot be considered as a scalper but a trader that trade entirely on a 1min tf is definitely a scalper... A 1min tf trader doesn't have to just grab a few pips when the momentum is still in his favor, yes sometimes its just 2pips here and 5pips there but when there is downpour of pips, he followed it till he sees exhaustion on the 1min tf without moving on to another tf... You need to understand that technical definition in forex is not a black or white thing but Grey...

And bros calm down, don't over work yourself over minor issue like this cos it shows all over your post how over worked you were... We are all here for the same thing, and I have learnt very well from you since you became active here

blackman007:



WORD...

scalping doesnt mean making few pips but being in a trade for an extremely short time....trading on the 5min or 1min is scalping and some considered trading on the 15min as scalping...its not uncommon for scalper to make 100s of pips in seconds and sometimes minutes...

saxy4c:
Now the British Pound is out of the equation, you have now made perfect sense in your corelation and this is not the experience of a novice at all, very aptly spoken. I'm very very impressed with this knowledge.
US equities have a negative correlation with Gold. I just don't feel it has topped yet, it would be too easy to have topped at that point!!!

no GBP is not out of anything....actually gbp have effect on almost all pairs just like usd...why do u think gbp have the most volatile pairs? why do you think Dax is one of the most liquid indicesGBP is tied to everything being the financial capital of the world... people concentrate on us index but i concentrate of GBP...it gives clues easily and gets affected by everything

saxy4c:
Read up about Forward Guidance and what it entails.

Besides its termed Black Swan, I got really confused on why you were associating news and swimming birds at a point.
Cheers man

you still dont understand me.. inside trading is never done in the open and bloomberg terminal is in the open (it can be shared discretely by members via private chats but definitely not on the terminal...bloomberg offers private chatting)....if inside info is posted on the terminalof bloomberg, bloomberg would have been no more cos they would have been sued for they worth and would have lost all their licences....bloomberg is aware of this...

do you know what will happen if bloomberg just post on his terminal that swiss cbn is about to buy 5 yrads of CHF with time stampsyou dont wanna know the effect on the market


inside trading is a trading crime that we all know happen but its done secretly not in the open

saxy4c:
Responding to most of these enlightens me as well as heightens my sense to find out more, but do you really understand what you wrote here?
2. What is the correlation between the US equity markets, Chinese Corona virus [may God heal them speedily], British Pound and the Gold?

most America companies have their products from china especially the tech companies like apple and the rest, with coronavirus threatening the chinese economy, US markets get threatened (for example dowjones) get risk averse and money leave them to safe heaven securities which happen to be metals and others, this why we saw rally back to the medium top on gold.... crudeoil dip also partly due to the effect of the virus breakout in china cos china is a heavy user and importer of crudeoil and with a threat like virus, its normal that energy market usage in china will get affected, hence the dip in oil (i see a rally backup to around 55 to 60 in the medium term)....
with a prompt response from the chinese govt and potential effective mgt of the outbreak, the panic have died down and we shall soon see an improvement in the us market which will inturn crash the gold market in the medium term..

am not a pro on all this, just an observer

saxy4c:
Responding to most of these enlightens me as well as heightens my sense to find out more, but do you really understand what you wrote here?
1. What is smart money and what exposure have they covered?

have you noticed that you will enter a trade at an important level and have a profit run of almost a 100pips only for the price to reverse to your entry point and get us panicked, the price then dance around the entry level for a while only for the price to go back to the original direction you anticipated after you have exited the market because of what we termed no momentum?? what do you think happen for a sudden price reversal and eventual price move to the perceived direction some call it position taking by brokers, smart money or algos but the truth is they are covering for their potential loss if some crazy event should happen cos nothing is certain and also unloading the rest of their positions after knowing for certain the direction in the interim....it gets confusing but its what happened and we have all witnessed it......am sure you have tons of material to read on it but the best material is observation and time

saxy4c:
Surprisingly, I'm on the contrary with this bro. Bloomberg uses those 100s of millions of dollars used on their subscriptions to get access to where ordinary leg cant enter oh. I can confidently tell you that they have certain economic info on Nigerian economy that even our Government doesn't have.
They had an interview with boyloaf on Friday [the militant wey our government never still find] and with the news feeds they just posted of the summary of the interview with him [I'm still with the BTanywhere I borrowed] I'm going to buy OIL here up to 54.
Insider trading does exist, so let's not let our naivety cloud facts. When even Governments themselves carry out insider trading? Do you know they send hints of big news like NFP, FOMC, Interest Rates release etc to some hedge funds and big institutions like Bloomberg a few minutes in advance? I've forgotten what it's called but would update later.
The big boys might have loads of money but they definitely wont spend their monies on what isnt beneficial to them. When 350,000 traders are spending $25k yearly on a product, your personal opinion is actually worthless. For more education Watch movies like:
Wolf of Wall Street
The Big Short
War Dogs
Moneyball
The Social Network
Margin Call
Nightcrawler
There Will Be Blood
Trainspotting
American Psycho
Casino
I hardly watch any movie more than once, but everytime I watch these, I know that retail trading is bullocks and until you think like the market makers, you're wasting your time oh.

bros i didnt say inside info dont exit, what i said was that inside info cant be posted on an open terminal like bloom cos they can be sued for it, however clients can pass info privately via the private chat and connections created from amongst themselves.....the advantages of Bloomberg comes from fast release of news which a bit fatser by milliseconds compare to other news site and mostly useful to equities, shares,bonds,energy but definitely not currencies per say....and unless you are hardcore fundamentalist that rely mostly on economic analysis to make decision and all then bloomberg is a waste of money except for feeling cool and being in the cirlce of those that matters which is actually a good booze for the mind

no one and i repeat no one and definitely no bank trading desk will release an inside info of P&G to a news terminal of putting a 3 yards buy on usd to repatriate profit back to the state (this are the kind of news that spark a sudden 100pips surge on forex pairs except for swan event), it can however be shared amongst an extreme closed circus for personal profit which is a crime attracting jail time if caught...yes bloomberg has its advantage but for retail traders, its definitely a waste of money, resource and time....


as for the movies, i have watched them all...thanks for them still, maybe i will rewatch for mind freshness...

saxy4c:
So you don't use my kind of charts and lines and don't do technicals, [b]you just do your news feeds and inside info trading, [/b]how has Bollinger Bands come about now? You wan join us ni ? No go waste your subscription oh!
Well I'm highly of the opinion [of course I expect to be wrong most times] that Gold is on it's way to reverse this down day and probably create a new high to around 1600. I wish you good in your selling.

the truth is there is nothing like inside info in forex trading...the so called bloomberg terminal have minimal to no advantage to trading successfully, its only a gathering of wanna be big bois....the researches are out there for those willing to know about all so called news rooms and overinflated price tag shit...sometimes they work and sometimes they fumble like all other analysis method....infact its a forbidden rules for bank traders to share information on clients moving big money to other banks or even same bank trading terminals (say for example apple is planning on moving 2yard of usd to japanese economy, a trader on the trading desk is not even allowed to share such huge info with fellow trader on the same adjourning trading desk in the same bank talk more of bloomberg terminal with verifiable members...people have lost theri jobs, bonuses and convicted for such leaked info)

for the record i have no reason to talk down on anyone, am only here watching as things unfold...alot of great traders with info are underneath watching things on this forum....

Blackeuropean:
We are waiting for bull but definately not today, Bears have overrun the Bulls already, the bears may continue tomorrow but lets see how it closes today first. If you are using bollinger bangs, check your bangs on gold, Regards.

why will anyone wanna buy gold midterm to longterm when all point to the downside.... the last bull run was just for the smart money to cover there exposure which have been done already, everything is set for the down move in few days it will become glaring except some swan event occurs, for now fundamentals will be favouring equity market as uncertainty of the coronavirus is getting taking care of and britain economy will start getting clearer...

the high of January is going to be the top for the 1st and probably the second quarter, a cyclical movement is almost formed on the 4hrs chart which have proven to be a potent market signal....

na just my observation oooo not a trade call, market could rubbish it all and do its thing...

Blackeuropean:
Anyone know best site to offload bitcoin apart from localbitcoins and coinmama?

Topxcel:
Indeed I believe the saying technology can never be perfect, if not it will be termed 'God'

Is God perfect?? If anything he is most imperfect ever... Just look around you and u will evidence abounds

TheYoda:


You come here come intimidate people? Or find rich investors.

You are in the spirit...

saxy4c:
Guy wakeup!!! Why you no add my type of category wey dey find bank to hit?? Only if I can get the amount they charge on transactions for a week on transactions, I don set be that oh

abi na

Blackeuropean:
Check the histories, its just 4days trading directly from my Terminal, there is also 1k to 40,000 on another channel, I stopped supply that channel trades when he tried to code out the system for EA

Check this , 2 weeks, this is why Bloomberg terminal is worth it http://www.myfxbook.com/members/ProfitableRisks/profitablerisk-accumulating-strategy101/4031963

I did over 1200 trades scalping.

Disclaimer : Please do not attempt to replicate those results in those links, as I'm professional hedgefunder and those results are easily achieved because of the professional tools available in my possessions.

I did it because I was trying to see how it works out with mt4 servers , because I have clients that are mt4 based and I can not login directly to mt4 to trade, hence bridging with the severs to execute trades directly in mt4. Regards.

if this is what you achieve steady then you should be a multimillionaire.....what are your real intentions of posting a 4days trading gamble?i dont wanna over think this

we are watching some potential scammers here.......no one should fall for any pseudo knowledge display without track record of a year plus... some scammers are for mere 200k naira while some are going for the big fish that lurk around the thread watching (that there target not some 50k or 100k change) so they need to appear more sopihisticated....shine your eyes well well oooo

wiconse:
Looking @ shorting cadjpy immediately market opens with a tight sl of 20pips

Good one... Check your risk of ruin on your myfxbook account... There you can check how robust yourmoney management and risk management is doing...

saxy4c:
Sir please permit me to kiss your bum bum small abeg, apart from being a pro demo trader I'm particularly attracted to smart arses as well, guided me for a long away

Since they are so certain about their possible success in such a venture, why don't they utilize that means by making some easy money that would save them from their past woes and the ones soon to come. Men like you would continue to be tainted on here because you see the truth and say it. The ugly few that get frustrated constantly in their efforts to swindle unsuspecting individuals would not relent in coming up with one vice or the other.

Bernie Madoff's office was in the choicest office space in the world, Manhattan. Kweku Adoboli of the UBS fraud was in high brow London, to just show you how low thinking certain people can get, the scam is already working on their greed.
Most traders that charge high figures for training, have never made one single withdrawal from a trading account, they feed on the gullible ones subscriptions, I can understand the resentment towards me by a few because I believe their plans to start off fake services have been put to a halt

I firmly stand that enfoid, FTMO, BLufx and the likes are all scam! No regulation, monthly subscription, propriety trade platform that can't be monitored, no evidence of the broker their money is kept with, then they give you 1:2 leverage for $25K? For the so called professional that doesn't know how to calculate. That is only 100USD on the normal 1:500 leverage that most common brokers give. Using 5lots on such an account means you only have to lose 20pips for the account to blow

Ladies and gentlemen, trade your 50k instead of dashing it to the thieves residing in one of the most high brow location in West Africa.

Why will anyone wanna give 50k or 120k as subscription to trade a so called big account with a leverage of 1:2 when the same 120k(about 400$) can be carefully build up for a year while also learning consistency... Na wa for people ooo

[quote author= post=85918741]Just imagine the tribal bashing going on on this thread already.

Shey na like dis we go dey dey everyday for dis country?

Why so much hate and bile.

And these are the same sets of people kicking against xenophobia.

It is well o![/quote]You hate the igbos too with everything in you.. You are the chief hater bro... Practice what u preach

Simplyleo:
Even if the govt deems it necessary to declare Amotekun a terrorist group, then so be it.

But the unintelligent comparison is just damn sickening.

Ipob is a group, not a tribe.

Amotekun is a group, not a tribe.

Shiite is a group, not a tribe.

Boko haram is a group, not a tribe.

Pls, is fulani a group or tribe?

How do you declare a whole tribe terrorist?

Besides, contrary to the nonsense of "what northerners want", pls is the Nigerian Shiite headquarters located in the west? Is it headed by an igbo man? Which tribe dominates the group

I know the brain of a typical ipob is wired to see everything upside down.

You dont comment anything sensible again on any thread, it's always ipob, you must find a way to connect or abuse the igbos or ipob with any thread... Are u being chased or perused by ipob in your DreamS... You are going mad small small oooo

I know you must find a way to tag me with ipob label now... I really pity you

meshpips:
Buy until 110.15 - 110.4X region before attempting a sell

VAP is over extended to the down side.

That's a strong descending flag with a strong pressure towards the bottom on the hourly tf and 4hr tf is exhausted... If am to trade, it will be sell towards 200ema first to see price reaction...

Just an observation not a trade call

Shevychen2:
You people are so hilarious with this massive sense of entitlement. Nobody owes you any charts or whatever. How anyone chooses to post is at their discretion. It is funny how it is people that are even more irregular than us that are "suggesting" rules.

It is as simple as ignoring posts without charts or those you feel do not know what they are doing.

What next? Make a rule to only post alerts based on Fibos or Elliott waves? Or for people to teach their strategies first before posting alerts?

Lol.

The original goal of this thread is for people to compare entries and discuss general forex topics not to help people build accounts or to teach strategies. If anyone decides to go above and beyond to spoon feed, kudos to them. It is not your right to demand that from anyone.

If you are 100% relying on the alerts here to trade real money or learn forex, you are not a serious person. You are supposed to have your own strategy first and then compare what you are seeing from your strategy to any alerts that get your attention here (if any).

Pronto!!!!

beejaay:
just seeing this... market dynamics has changed and look like market is about to have its trend extended..i have exited one half the trade with a loss of -10Pips and will exit the other at BE if it eventually get there...it can still buy but i cant see it again especially for my kind of target view.....i hope it works out for those still in it....

Out... Happy wkend

saxy4c:
I've just bought OIL 59.40 SL 58.40 would update TP later.

just seeing this... market dynamics has changed and look like market is about to have its trend extended..i have exited one half the trade with a loss of -10Pips and will exit the other at BE if it eventually get there...it can still buy but i cant see it again especially for my kind of target view.....i hope it works out for those still in it....

saxy4c:
I will not touch oil and gold until I can treat the mental wounds it has inflicted upon me
This news might favour your trade, still sending counter missiles.

https://www.forexlive.com/news/!/more-on-rocket-rocket-falls-in-dujail-district-near-balad-military-base-20200109

You will be alright... It's good u witnessed the mental torture in the beginning of the year, it will help you stay sharp throughout the remaining days of the year trust me... and gold is best traded on the 4hr tf

As for the oil trade, it's holding nicely enticing and trapping people to short it before flying up on a single candle except a tsunami news occur which will be devastating cos it will drive the price down to around 55 and it will fast and sharp

saxy4c:
Brotherly, I'm highly tempted to trade this splendid RRR setup but after what he did to me yesterday, the drums they are beating for me in the village would not work! Just like the prayers of that dude that said I won't enter 2020 because a trailer was coming for me. Well when you know your protector all that na just talk and their motives on here would be exposed.
Besides I'm invested in USDCAD buy to exit just before @pipmarshall SL.
Are you trading at the moment, taking this one?
Thanks a lot for the complements bro, we'd all do more together by God's grace.

Yea took it at .31

saxy4c:
If I forgot to say this was a brilliant analysis by the way, your observations were apt and it turned out just as you said. My only vex is that you didn't alert your boy on time as I was consumed by my bias which obviously went sour. Keep up the good work sir.

No problem bro.. Am not always the typing type but I couldn't resist when I saw your trade and having seen that u as a wonderful guy, I felt I should throw in a bit of my view...

Another one is about to play out on crude oil again... A very clever divergence just formed on the 1hr tf and it should visit 62 to 63 area to form a nice head and shoulder... Market doesn't favor downside yet as the price is already extended and a price reset is necessary to avoid market efficiency.. A clever trade will be a long and a sl below the daily low for a 61.8 or 50 fib retracement of the last down move

I might be very wrong and this is not a trade call but trade observation

Awol1:
Do they have choice kwanu?

You have no idea

saxy4c:
Would have been most commendable if the heads up was given at these your levels, right now this is just plain old analysis to me. My limits either way & account performance are by far more important than any commentaries at the moment. Thanks.

No problem bro, happy pipping

saxy4c:
I am quite 80% certain that Gold would would not close its gap today. She has moved 160pips up,down and now back to the scene of the crime in 3hrs. Trying to shake our weak hands out. I will hold this trade till I make at least 4R. Tired of doing the right thing and letting this stupid [hope I don't get banned again ] drama of Trump stop me out.
I will not for even the strongest technical reasons sell Gold before NFP. I WILL GET BACK MY 2 LOSSES OF GOLD SELL and make profits back on this.

the reality is that there is a downward spiral on Gold and strong hands have had there orders filled at the top which is the classic shake of volume and a very cleverly made divergence with a strong selling volume bull candle, i see a down move towrads 1525 first, this could take a week or two but thats where is going, the best place to initiate a sell on gold was at the close of 4hrs candle at 1593 and 1580...trade well and prosper bro... the same thing is playing out on crudeoil as there is a classical divergence on 4hrs which shows that the big hand have envisioned that there wont be war, a de-escalation process have already started and the world cant handle a higher oil price, a behind the scene game is ongoing and there wont be high level war just yet


just my 2cents

Shevychen2:
Don't have any issues with Tigerwit but this talk of A-Book and B-book brokers always get on my nerves just like the ECN talk. There is still no legislation that PROPERLY differentiates both. Almost all retail forex orders are internalised by brokers. No broker is sending your 0.01 lot size to any Interbank market. Some of the most respected brokers run two books where they keep all small orders in-house and send whatever they deem risky to the Interbank market.

And an important point to note for new traders, there is no central exchange in forex. What constitutes as Interbank market for Broker A might be different for Broker B. Brokers that "send orders to the market" instead of just taking the opposite side are only shifting the risk to a liquidity pool often made up of three to five players far larger than them. So in essence, even when the broker is not making the market, they are just shifting you on to a bigger shark that is making the market.

As rightly stated, there is nothing wrong with B-book or so called market maker brokers. And until there is a readily available and undisputed means of determining who is responsible for the liquidity on ALL trades you take with your broker, A-Book, B-Book, ECN, DMA, STP and all that bullshit is just marketing speak. If you want a proper central exchange, leave retail forex trading and go to the US/UK stock market.

It is no surprise that brokers in tough jurisdictions like the UK have since been forced to drop all these rubbish acronyms. Let's top allowing meaningless marketing speak influence decisions. Unfortunately, these broker myths have been around for years and is still constantly spread. Once people hear "ECN" they think it is the best broker ever and market makers are evil.

Some of the best brokers in the industry today are market makers.
Some people also still believe that brokers that "send orders to the market" are matching up your sell order with another person's buy orders. LOL. What happens when 80% of the retail population in their liquidity pool are long USD across various instruments?

The best broker is the one that meets your specific needs: minimum capital, deposit/withdrawal methods, spreads and leverage, quick payment of profits without grammar etc. Most popular brokers meet these requirements.

Again, no spectacular issues with Tigerwit but I am always wary of brokers that have a separate license for UK or AU clients and another for their "global" clients like they have (Bahamas license for others, FCA for UK traders). In my experience, they are using the foreign license to navigate a red-tape set by the FCA. In many cases, it won't mean anything but still..


Like I have said before, when someone is FULLY ready to trade forex, brokers won't be a problem. Until then..

Very detailed response that I couldn't bring myself to type... All the noise of A book, B book, STP and all acronyms are just gimmicks to hoodwink uninformed traders..

meshpips:
It is known that 90% of Traders will lose 90% of their account within 90 days of trading.

Have we ever wondered why there is such a high failure rate?

If everything we have been told by Brokers or authors of books are really true then why do so many still fail?

Take out time to ponder on these things.

Because of the IF . . . THEN statement above, many years ago, I decided to try out the REVERSE of everything I found in books.

It turned out to be a very enlightening adventure.

Today, I question just about everything they wrote for us in books and have found out that they KNOWINGLY set us off on the WRONG path!

its not about the right or wrong of what is being written but its application which most times differ from personality to personality, some can argue that everything written in any holy books are wrong because of diverging views from different holy books, whereas they all say the same thing at the most basic level and therefore not wrong or right but a guide to be perfected to every diverging personality....every trading books, every indicators, every approach to market say the same thing at the most basic level, the user only need where to synch in with his/her own personality.....the hard part to trading and why we spend so much time trying to decipher the story is nothing but looking for a way to synch with the most basic level which can only be acquired with time after several trial and errors approach