₦airaland Forum

Karleb:
Somebody should help me check if this is a valid head and shoulder pattern.

I think this is a valid pattern, but let's wait for the break of the neckline, could be a very massive fall waiting to happen.... My opinion though, and I stand to be corrected...

infofirst:
It will not sir. No be today. This time too shall pass. Those that criticize rudely and all that have no doubt sent the good ones away hopefully something will change things around soon.
I will be organizing a contest soon hopefully by end of February and only those that are active here in the last 30days will be qualified to participate.

Total Prize money of $200( Skrill $ or hotforex exchange rate) will be at stake and a chance to manage one of my trading accounts of $5000 balance minimum for 5 trading days for the first position and 50:50 profit Sharing ratio with no more than 10% drawdown.

Your moniker is Infofirst, but I always like to call you the great infofirst lol , and this is one of the reasons, God's willing I will be part of this contest, not necessarily because of the prize money, but I wanna improve on my skills and also to put my little trading ability to test... God bless

I hope this won't be the end of this thread...

Advertisershubs:
FOREX MONEY SOLUTIONS.



GBPUSD: BUY.

Chart: Day Chart.

TP 1: 20 pips.

TP 2: 50 pips ( Profit to be trailed).





If you want to learn the Easiest Strategies to Utilize to trade The FOREX Market all by yourself;



Visit www.lifesolutions.network to learn about our other Financial Solutions.


More FOREX Trading Signal coming onboard.

Stay Tuned.


Your Success is Our Priority for Our Success is A MUST.

Are you successful yourself??

Greed and entitlement mentality kills faster than cancer

At this point, I will gladly delete my moniker.........and say goodbye to everyone.

My genuine intentions have always being to bring life to trading in my country. I know things are rough back home and feel really bad when I see people trade cent account or I see $10 or $100 or I see a lot of demo accounts flying here and there. Many here have dm'ed me and have privately helped them but I have found that even when I tried to create a loving family that goes beyond just NL or trading, greed is one major instrument embedded in my country people that makes many out there roaring to devour and trick you.....at this point, I'm no longer safe.

Bye to everyone

Boss @pipsbasketing you don't owe anybody anything on this forum, It's only a fool that will take the good job you've been doing on here for granted... Do not allow the mistake or the short-sightedness of one man change you who you are, continue with your good deeds...God and even the universe will repay you in a million folds... If we have just few bosses doing what you are doing this forum would be a better place to be.....

BotRascal:
Bosses in the house i greet oh.
Aside from FXTM which other forex brokers accept deposits and withdrawals to Naira accounts

Hotforex, but mind you I'm not a boss

ogashman:
U give high tension

Because i had an open position over the weekend. I have already given up that my SL has been chopped

But on market open, I was in profit

That is what you get when you don't meddle or interfere with your trades, set and forget rule is an important part of my package...

Mrbillionaire:
EU range for Friday

Yes the sell might be a retracement, to later continue the overall up trend, the retacement might even look like a full blown down trend on the lower timeframes

Shevychen2:
Some random pointers for the new year. (may not appeal to everyone though):

-Your stop loss is useless if you don't practice proper position sizing. What will happen to your account if a flash crash jumps your stop loss and sends your positions to -2000 pips negative? Position sizing goes beyond saying I risk 2% per trade. How much have you exposed to the market, even without a flash crash? If you'll lose more than a combined 10% of your account if all your opened trades ends as losses. That account may not last long.

-Ditch conventional indicators. Especially all those shiny arrows that are all based on moving averages.There is a 99% chance they won't work for you. You'll keep running around in circles with them until you either quit trading or you dump them.

-Embrace higher time frames. This is even more important now that sharp intraday market swings are common. You'll find your trade 70pips up, then one tweet or one news sends it back down to -40. On the higher time frame (daily, weekly, monthly), the big picture move will continue after the effects of that tweet or news has cleared. Seriously, if you learn how to look at the big picture, you'll be unstoppable. However, what qualifies as big picture will vary from one person to another. You also need to make sure your strategy always reacts quick enough to major trend changes even when you trade higher time frames. This part is tricky, but when you nail it down, you'll know.


-Don't pay too much attention to correlation. Most forex pairs are correlated somehow at the end of the day. Even if you choose to trade only GBPAUD, CHFJPY, and EURUSD, they are still correlated indirectly. Instead of avoiding correlation, embrace it and spread your risk properly.

-Don't trade one pair. That's giving too much power to one instrument. Your account will literally depend on how that instrument moves. Aim for around 5-15 pairs and maybe (if your account can carry it) 2-3 metals and the two major ndices in your watch list. The currency pairs should be decent movers that are not too volatile or too slow. Like USDZAR, EURGBP, CADCHF etc. The slow ones will move 20 pips in one week. The volatile ones can have 30-50 pips spreads.
As you get more entries from your list, close out partial positions to balance out your overall risk exposure.

-You won't buy skyscrapers with your less than $1000 account in one year. There's a higher chance of crashing it if you want to push the limits and make as much money as possible. You need at least $100k to start dreaming about using profits from one year of trading to build houses and that's assuming you have a strategy that will allow you make 50-100% of that every year COMFORTABLY without panic, fear etc tampering with your trading results. Of course you can find some Chinese guy or something that turned 1k to 1m USD in one year from time to time.. Can YOU do it?

With solid medium risk trading, it will take at least 10 years of compounding to convert that small account to something big. Unless you show skill early enough and start focusing on attracting investors (always the best way to go).

Remember, these pointers are not for everyone. Pick what you want, discard what you don't like. I don't have power to argue anything o. Happy New Year to everyone.

Food for thought

Shevychen2:
Some random pointers for the new year. (may not appeal to everyone though):

-Your stop loss is useless if you don't practice proper position sizing. What will happen to your account if a flash crash jumps your stop loss and sends your positions to -2000 pips negative? Position sizing goes beyond saying I risk 2% per trade. How much have you exposed to the market, even without a flash crash? If you'll lose more than a combined 10% of your account if all your opened trades ends as losses. That account may not last long.

-Ditch conventional indicators. Especially all those shiny arrows that are all based on moving averages.There is a 99% chance they won't work for you. You'll keep running around in circles with them until you either quit trading or you dump them.

-Embrace higher time frames. This is even more important now that sharp intraday market swings are common. You'll find your trade 70pips up, then one tweet or one news sends it back down to -40. On the higher time frame (daily, weekly, monthly), the big picture move will continue after the effects of that tweet or news has cleared. Seriously, if you learn how to look at the big picture, you'll be unstoppable. However, what qualifies as big picture will vary from one person to another. You also need to make sure your strategy always reacts quick enough to major trend changes even when you trade higher time frames. This part is tricky, but when you nail it down, you'll know.


-Don't pay too much attention to correlation. Most forex pairs are correlated somehow at the end of the day. Even if you choose to trade only GBPAUD, CHFJPY, and EURUSD, they are still correlated indirectly. Instead of avoiding correlation, embrace it and spread your risk properly.

-Don't trade one pair. That's giving too much power to one instrument. Your account will literally depend on how that instrument moves. Aim for around 5-15 pairs and maybe (if your account can carry it) 2-3 metals and the two major ndices in your watch list. The currency pairs should be decent movers that are not too volatile or too slow. Like USDZAR, EURGBP, CADCHF etc. The slow ones will move 20 pips in one week. The volatile ones can have 30-50 pips spreads.
As you get more entries from your list, close out partial positions to balance out your overall risk exposure.

-You won't buy skyscrapers with your less than $1000 account in one year. There's a higher chance of crashing it if you want to push the limits and make as much money as possible. You need at least $100k to start dreaming about using profits from one year of trading to build houses and that's assuming you have a strategy that will allow you make 50-100% of that every year COMFORTABLY without panic, fear etc tampering with your trading results. Of course you can find some Chinese guy or something that turned 1k to 1m USD in one year from time to time.. Can YOU do it?

With solid medium risk trading, it will take at least 10 years of compounding to convert that small account to something big. Unless you show skill early enough and start focusing on attracting investors (always the best way to go).

Remember, these pointers are not for everyone. Pick what you want, discard what you don't like. I don't have power to argue anything o. Happy New Year to everyone.

Food for thought

djwalata:
Eur sold off in all its pairs.
EurUsd closed on Thursday at 1.2215
Opened on Friday at 1.2136
Friday's high at 1.2227
Low at 1.2025
Closed at 1.2134

The selling could be a retracement in my opinion, what do you think sir?

One of the very few things that matters in Forex
trading is Consistency, once you can achieve that like some bosses on here, you are made for life.... I hope and wish to be a sniper, better trader this year...Happy new year everyone and remain blessed ..

highcurrent:
It's seems market is closed (HF),

is there any market still moving?

Yeah, I noticed that now

ogashman:
This is the first time I'm trading a live account for a month without blowing it,though not in profit but I still have over 70% of my funds.

previously, I used to blow my account in two weeks max.


I know I'm getting there.


A pipful 2021 to us

Risk and money management can never be over-emphasized....

Pipsbasketings:
Nice one brother, I don't know why I just like you, maybe because of your persistence...

Anyways, while you seem to get those streak of positive results and seem to start to get your thoughts together about this business; my sincere advice from experience is: Caution yourself to not be too familiar with your charts and strategies.

A time will surely come where you will be hit with streaks of lost trades and you will even look back on backtesting and find out the several times you would have lost trades with the exact same strategy which you have been winning with. Now I'm saying, before it gets to this stage, stay away from the charts now, and reflect on other things, come back after 4-5days and continue to do your thing with a fresh mind.

Overfamiliarity with charts will, at some point, make you feel no strategy actually works, then makes you return to point 1 and start to search pdf, YouTubes, forums for a better strategy. It has its way of dealing with one's trading psychology.

This I battled from experience and won.....

Above all, dm me the currently trading demo account details now, I will look into it by end of January, February, and March. If I consistently find the results appealing, I would fund your live account with chekele to trade with. If you continue to repeat the results on live, it can go a long way in your life.

compliments........

Keep opening our eyes sir.... May God protect, guide and guard you amen...

infofirst:
Great boss mi. I love that good gesture. If after reviewing his performance for the said period and you found him ready, I will be willing and ready to match what you give to support his live trading journey ( up to $200). Just give a head up a day or two before.

The great infofirst doing one of the things He knows to do best...kudos sir...

infofirst:
Boss mi. Stress not about that. Its inside life. Focus on what is of purpose to you on this thread. Those so called confusion are caused by some to catch fun after making so much money or experiencing margin calls.
Confusion is going no where. Enjoy your self and ignore the confusion.

Thank you sir...

I hope and pray the spirit of confusion leaves this thread before the start of 2021

From the little I know is that there are diverse ways and different methodologies to trade and survive in this enormous entity called the financial market, there's no point trying to proof which style of trading is best or try to force your ideology on others, I'll advice we should all do whatever it is that best suits us or rocks our boats shikena....

Crixxx:
Waiting for a depletion and a bullish candle on the 4h to buy again

I'm not saying this to counter your bias, but it might be risky to buy, because this long uptrend is showing signs of weakness and shift in momentum ..... this is my observation and opinion anyways, and I could be 100% wrong.....

Pipsbasketings:
Reflections on Forex Trade Alerts - NL

---

Forex Trade Alerts: Season 20 -------- 651+ pages
Forex Trade Alerts: Season 19 -------- 339 pages
Forex Trade Alerts: Season 18 -------- 124 pages
Forex Trade Alerts: Season 17 -------- 222 pages
Forex Trade Alerts: Season 16 -------- 345 pages
Forex Trade Alerts: Season 15 -------- 353 pages
Forex Trade Alerts: Season 14 -------- 230 pages
Forex Trade Alerts: Season 13 -------- 703 pages
Forex Trade Alerts: Season 12 -------- 102 pages
Forex Trade Alerts: Season 11 -------- 116 pages
Forex Trade Alerts: Season 10 -------- 106 pages
Forex Trade Alerts: Season 09 -------- 102 pages
Forex Trade Alerts: Season 08 -------- 102 pages
Forex Trade Alerts: Season 07 -------- 102 pages
Forex Trade Alerts: Season 06 -------- 101 pages
Forex Trade Alerts: Season 05 -------- 101 pages
Forex Trade Alerts: Season 04 -------- 100 pages
Forex Trade Alerts: Season 03 -------- 100 pages
Forex Trade Alerts: Season 02 -------- 100 pages
Forex Trade Alerts: Season 01 -------- 101 pages

I can not guarantee that I will be around on FTA 21; but b4 then, I again want you all to strongly believe that FX is real, reliable, and can be profitable.
I have been in this business for some time with provable or verifiable results which I have shared here and with some in privates.
My very best advice for you is to learn how to fish rather than being fed - In other words, become your own boss.

- Post trades, discuss trades and/or general outlook and NOT results; exception: post results of the trades you call and not the ones you never posted before maturity - it is that simple.
- When anyone comes here to show trade results, don't be shy to ask him/her to show if the account is real or demo; trust me, it is their major tactic of luring people to corner them.
- Update your call if it hits SL just as you would definitely love to update if it hit TP, don't just let it slide hoping no one would notice.
- Call out traits or traces of scam as early as possible: these guys are everywhere and can go any length to milk you.
- Respect everyone's trading style and strategy, be professional in conversations that relate to their trading strategy/style - we all are different types of traders and we can never and never trade the same way.

Above all, I will say compliments of the season: Merry Xmas and Happy New Year in Advance

Boss please don't leave us, if you must leave atleast hide me inside your traveling bag...

Theyoungmaster:
I'm closing all trades @ 300 pips. Quite close to Tp. Half bread is better than none after all. I'll sit out and observe what happens at the blue lower channel Line drawn from 4H TF and subsequently at that 1.318 monthly support line.

Over and Out!

Good job man

joannes7:
Don't, I repeat DONT go near hotforex and the investors /PAMM account. 1.4million in 45mins.. they tell you your investing with "experts", yet you could lose your total invest in less than an hour! They set up those accounts themselves, allow you to make some profit then bomb the account. Be warned.

I didn't subscribe for Pamm account or any kind of account management program, all I do with them is retail trading and from my little experience deposits and withdrawals are smooth and swift which is one of the top priorities for me when choosing a broker....

forex is not a get rich quick scheme, just like any other business, it takes time, effort, commitment, patience, and persistence before you becomes successful..my opinion anyways... And I wish us all a pipful week...

God has blessed pipsbasketing and will continue to bless him, kudos to you sir... you are such an inspiration...

topsyn03:
Let me just drop this

This is a forex thread for the last time...

topsyn03:
No problem at all l see only currency pair is been discussed here. That is why I am asking.

This thread is mainly for forex discussions...

topsyn03:
Anyone trading synthetic indices here

Yes I do.... Is there a problem??

Gasive:
Nice one Boss. You're doing great.

That feeling u have when expecting ur cashout is something else.

PipsBasketings right now.

Wrong assertion, it gets to a stage in one's trading career that if you are consistent enough, withdrawals will not mean anything to you anymore except in few instances where the withdrawal is a large amount of money, you only enjoy the high and the euphoria for some mins, close your laptop and go to bed... Think of it this way if you rolls out drums, dancing, and celebrating your profits, what would you do if you incur losses?? Would you shed tears and start weeping like a baby?? I guess not... It all boils down to psychology, I strongly believe that withdrawals isn't something new to boss @pipsbasketings, Its no more a miracle to him like it would for a newbie... Its just a normal thing to him.... my opinion anyways and I hope you understands....

Pipsbasketings:
Another withdrawal completed today
5th and Final withdrawal of the month processed, wire transfer - usually gets credited in 2-3days, surprisingly.

#FXisreal #FXissweet #FXProfits CC: @Seun

Hope I can get to this level someday...