Beejaay's Posts
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dabrake:cant you guys read between the lines ![]() ? cant you that the conversation happen a long time ago with ambassador sander![]() ?? cant you also see its wiki leak![]() ![]() ![]() ? |
igbo boy:the actors in the film i watched are first screened for the idiotic religion called christianity before it would be played |
ignis:CHRISTIANITY is a stwpid and monstrous religion. i can allow the lizards in my compound practice it. |
Kashif:what a wonderful xplanation if traders can only take advantages of that. though i dont do pairs correspondence cos i believe that all pairs are unique and thus all information regarding the movement of a particular pair is on the chart of that pair though comparing pairs to inform ones decision bring an additional edge if used wisely. |
before you begin i will suggest you go to foresfactory(rookie discussion area) and search for Broker Formation. there u will understand that most of the blame we place on brokers are not theirs but a manifestation of our own shortcomings in knowledge. under normal circumstance no broker will freeze, cause spillage. if u check ur broker and compare with the platform of the other brokers u will notice that the price levels are always around the same area. the difference in the price point is caused by the difference in liquidity provider which is normal (if u av heard of arbitrageurs before. this set of people profit from price inefficiency from different liquidity provider). my advice to you is to focus on ur strategy and trade execution 2pips to 5pips spillage should not hurt you. check ur mt4 execution tab u will see deviation. it is put there for purpose use it to ur advantage rather than looking fora broker that will be ur best friend cos they are not. infact they are ur worst enemy. remember most of them are bucketshop broker.though majority of them now operate secondary account for people that wanna operate from ECN and STP trade position.if at all u will need my recommendation as per a particular broker i will recommend London Capital Group. good morning guys. registering my post on the first thread also. |
before you begin i will suggest you go to forexfactory.com (rookie discussion area) and search for Broker Formation. there u will understand that most of the blame we place on brokers are not theirs but a manifestation of our own shortcomings in knowledge. under normal circumstance no broker will freeze, cause spillage. if u check ur broker and compare with the platform of the other brokers u will notice that the price levels are always around the same area. the difference in the price point is caused by the difference in liquidity provider which is normal (if u av heard of arbitrage trading before. this set of people profit from price inefficiency from different liquidity provider). my advice to you is to focus on ur strategy and trade execution 2pips to 5pips spillage should not hurt you. check ur mt4 execution tab u will see deviation. it is put there for purpose use it to ur advantage rather than looking fora broker that will be ur best friend cos they are not. infact they are ur worst enemy. remember most of them are bucketshop brokerl.though majority of them now operate secondary account for people that wanna operate from ECN and STP trade position.if at all u will need my recommendation as per a particular broker i will recommend London Capital Group. |
before you begin i will suggest you go to forexfactory rookie discussion area and search for Broker Formation. there u will understand that most of the blame we place on brokers are not theirs but a manifestation of our own shortcomings in knowledge. under normal circumstance no broker will freeze, cause spillage. if u check ur broker and compare with the platform of the other brokers u will notice that the price levels are always around the same area. the difference in the price point is caused by the difference in liquidity provider which is normal (if u av heard of arbitrage trading before. this set of people profit from price inefficiency from different liquidity provider). my advice to you is to focus on ur strategy and trade execution (2pips to 5pips spillage should not hurt you. check ur mt4 execution tab u will see deviation. it is put there for purpose use it to ur advantage) rather than looking fora broker that will be ur best friend cos they are not. infact they are ur worst enemy. remember most of them are bucketshop broker including fxpro,fxdd,alapri and etall.though majority of them now secondary account for people that wanna operate from ECN and STP trade position.if atall u will need my recommendation as per a particular broker i will recommend London Capital Group or Hotspotfx. |
before you begin i will suggest you go to forexfactory.com (rookie discussion area) and search for Broker Formation. there u will understand that most of the blame we place on brokers are not theirs but a manifestation of our own shortcomings in knowledge. under normal circumstance no broker will freeze, cause spillage. if u check ur broker and compare with the platform of the other brokers u will notice that the price levels are always around the same area. the difference in the price point is caused by the difference in liquidity provider which is normal (if u av heard of arbitrage trading before. this set of people profit from price inefficiency from different liquidity provider). my advice to you is to focus on ur strategy and trade execution (2pips to 5pips spillage should not hurt you. check ur mt4 execution tab u will see deviation. it is put there for purpose use it to ur advantage) rather than looking fora broker that will be ur best friend cos they are not. infact they are ur worst enemy. remember most of them are bucketshop broker including fxpro,fxdd,alapri and etall.though majority of them now secondary account for people that wanna operate from ECN and STP trade position.if atall u will need my recommendation as per a particular broker i will recommend London Capital Group or Hotspotfx. |
beejaay:the H/S is formed with a super high rejection bar. it should be smooth sailing down from here. lets wait and see what will happen |
Final Say:i will never think of buying this mofo pair called UsdJpy reason being that the price has been strugling to break 55EMA on 4hrs since last week with heavy rejection each time it got there. i have been shorting from this position since monday to take advantage of the intra movement. however there is a massive rejected bar last week which could propeel the pair back up but the momentum ryt now is to the downside. what could paly out is if the reversal H/S hold then we could see a kapooch to the upside. am still scared of last week crazy candle and the crazy 55ema stucking the upside move. so for now the price is trapped in the middle. lets watch and see what will happen |
gv honeric01:if i were you i will av to wait for the price to break down 55EMA, wait for a possible H/S if the diagonal trendline got broken cos the price look like a riseing momentum. it will be a good trade if the trendline is respected and the EMA is broken couple with CCI 55 under zero. then kaboom for AUBUSD. this is just my chart talking[img]http://C:\Users\fluting\Desktop\audusd.gif[/img]
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congrat on the 100th page of this thread. good work!!!!!!!!!!!!!! |
the truth is market is random on all time frame. every tf is unique and u can never know the tf u are looking at if the timing is removed from it, it will be practically impossible to distinguish between 5min tf and 1hr. the only thing is the temperament of the user looking at the chart, we tend to see what we want our eyes to see and therefore see much more randomness on 5min tf than 1hr. the truth is all the tf generate the same profit/loss over the same period of time. i dont believ this either until i read fractal market analysis and i had to do the analysis my self. for example if u look at a particular buying trend on 1hr tf and the pips base on ur signal and do the same on lower timeframe over the same period of time u will notice that they both generate the same or very close number of pips. the best thing is just for a trader to know his own psychological level, what give him confidence and what doesnt and act accordingly |
JAkpayen:fib can be drawn from any timeframe even 1min tf. the only imperative thing is that it must be drawn from swing high/low to another low/high and to whisk away most of the fake signal from this method u av to pay more attention to 50%, 61.8% and 76% level. the levele less than 50% will be more appropriate for usage if it coincide with a horizontal support/resistance or trendline point. |
what books have you read as per forex and financial market. i just finished Trading Chaos by Bill William |
Blog icon:thats the spirit bors.mentorship should be free. the guy in question already know the basic which is all that he needs to start.other is just psychological shaping. thank you for what you about to do.@russy grab the opportunity and make wise use of it |
JAkpayen:bros i like what u are looking at to guage the market sentiment but i will advise u look at 55 instead of 50 reason is that professionals use fib numbers to look at the market cos they know that the average traders are looking at the round figures and wanna be a step ahead of them. i am an advocate of asking people to use fib number for any type of settings they wanna do or the combinations of some fib numbers for example 8 and 13 which is 21.linda bradford raschke explained the reason and i reason with her |
@stagger dont mind the guy, all u need is a basic understanding of the market which i believe u av the rest as nothing to do with training but personal perseverance, reading, researching and maybe mentorship to sharpen your learning curve. nothing is compared to screen time, there is nothing anybody will tell u or teach u that u can compare with your own personal eagle eye watching infront of the screen. check the curiculum of the best training group in the world from profitunity to traderscorp, u will see that there is nothing special in them aside the mentorship program.get a mentor which should be absolutely free (mentorship is priceless which is why interested leaders dont charge for it) and be ready to sit tight infron of the system and also be ready to read wide then u are on ur way to trading proficiently. |
moderator why am i always getting banned each time i tried posting somethin useful ![]() ![]() ?? i have been banned for atleast 6 times under 2 days, am tired of posting.whyyyyyyyyyyyyyy![]() ![]() ??/ |
[img]http://C:\Users\Beejay\Desktop\untitled.jpg[/img] guys please i want you to study the chart above and tell me how posible it is analytically to buy at the last drop of the doji candle. the magneta line he is refering to is the pink line.if u should look closely the last candle has already close below the so called magneta line.i asked how he use the magneta line ( whether he consider buying above the line or below it and he didnt respond or give reason) what he told me is that he does that all the time buying at the tip of the last movement and claiming he has made millions trading as if i care.i want you guys to prove me wrong if its possible both technically or fundamentally or quantitatively even with inside information to buy at that point. the was just proving wrong the capital market theory CMT. by the way the low of that candle is 14161 and he told me he bought at that same price without concrete analysis if there is any.he also mention the trend line which the price has not even got to. and bros the level you gave is nothing special. anyone traidn for 3 month with decent market knowledge can give levels. what matter most is how we interpret that level.and remember there is no particular point for resistance and support which is the professional call them psychological levels cos its a price range not a price point (this is the major reason why traders have theiur stoploss got hit and the market move back in their direction)
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meshpips: meshpips:can also please post the conversation of yester day ? how can somebody said he take trade from absolute bottom or top all the time and couldnt prove it. |
odiaero:looking at the chart. mennnnnnnnnn the thing just dey tank. i for one will nevre even dream of selling the pair cos there is nothing to support the selling conviction from retailing angle unless one have inside and correct information.i will be looking for the opportunity of buying dip for some couple of hundred pips and definitely not for a longtime cos when the rain go fall, e go fall very hard(a very wild candle is what we will see) but for now my hand will remain under my chin if im a gold lover. something like this also happen in 1999 but in the reverse order.the candle that correct the massive movement was a very very craze one |
naijababe:let me give him the chance. i want to see if he will turn a new way. u need to see our conversation on skype. i started asking myself why the guy was named on th forbes list and atleast not richer than richard dennis (probably the most celebrated technical traders). imagine the guy telling me he buy and sell at the exact point the market reversed (no drawdown of even a pip all the time). mennnnnnnnnnnn i just go gaga |
NL should be careful of who they do biz with on this forum especially forex matters. dont do biz with anybody that cant give you real prove and that is not ready to subject itself to public scrutiny( if u must give your money for managing which i dont advice). i just have an interesting conversation with somebody on my skype and its funny to realize that he is one of those. few minutes into our discussion i had discovered the kind of person he is and his level of expertise as per the biz.i will not name name but if that person should come here to ask for acct managing or giving calls i shall open him cos he is a dupe and doesnt know excreta. |
NL should be careful of who they do biz with on this forum especially forex matters. dont do biz with anybody that cant give you real prove and that is not ready to subject itself to public scrutiny( if u must give your money for managing which i dont advice). i just have an interesting conversation with somebody on my skype and its funny to realize that he is one of those. few minutes into our discussion i had discovered the kind of person he is and his level of expertise as per the biz.i will not name name but if that person should come here to ask for acct managing or giving calls i shall open him cos he is a dupe and doesnt know excreta. |
you guys can meet me on my skype freebeejay and maybe we can start the chatting community from there |
russy:its should be of great concern to us when creating trading system. trading system should be tailored to the psychology of the user which is why my sold trading system will never work for the user no matter how great they are.the number one attribute of a good and sound system is the one that can be used under any time frame, that will give me information under any market conditions as i have stated earlier, and should be robust enough to give rest of mind when using it. as a trader we need to discover what our comfort level is from psychological POV;do we panick when trade is going against us by some pips,can we stand the pain of losing or giving pips back to the market in an attempt to wait for our system and planning to go through, how do we react when we have a losing streak for like 4 to 6 times cos it will definitly happen sometimes unless maybe trading a single pair,do we have the might to hold on to trades for long without shaking ![]() ![]() ![]() ![]() ![]() ![]() ?? all this should inform us in the preparation for developing our trading system. Jack Schwager said in his book The New Market Wizard that the novice trader go broke by taking large losse while the professional trader go broke by taking small profit.if you havent read this book i advice you to do so. its was an eye opening for me after reading the two series |
russy:sorry bros i dont trin and infact i dont trade for people atleast not at the moment still working om my series3,7,34,86,87 exams. training and mentorship can be a very challenging thing to do which i dont think am ready for cos there are something to say and less time to say them during training and i dont think naija ppl are ready to pay for it.we are already friends for sure.whatever u wanna ask, u can ask it here and if i can give it, i will explain as much as i can and maybe we can create a skype community where NL can jist the market away. thanks for your post |
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