₦airaland Forum

Pipsbasketings:
No last question , ask it and also make it open to the entire house as you have already been doing.

It is #weekendgist, no trading

Yes boss no side talks, this thread seems to be more productive these days more reasons I'm active on here again.... my question is what's the difference between top & bottom traders and reversal traders??.... There seems to be some sort of similarities or I'm I mixing or missing something here

Karleb:
This question has already been answered.

But since it is weekend, let us type.

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Forex is practical. When you start learning, you are supposed to start practicing.

They'll say demo trade for 6 months, stick to it. If after that you are not getting the results you want, keep demo trading till you at least have confidence you won't blow your account.

Mastering everything is forex is counterproductive. This is why so many brilliant people fail in forex.

Before you get that P. Hd level, you should have specialized. Filter out noises and focus on that area that interest you most.

You said you want to be a technical trader, learn candles, their patterns, support, resistance, chart patterns (don't learn all though), throw away that indicator and practice.

Back test, forward test and bring out a strategy/system.

Strategy/System can be confusing a times though, they are simply ways to trade and rules a certain trader stick to when trading.

What I have come to realize in Forex is that, money management and risk management is the only thing that can keep you in the business long enough time to stay in the market and garner enough experience to be profitable, if you keep blowing accounts, there's no way you can grow, or have enough experience to be profitable, you need to secure your capital first, before you can think of making money, this is where risk management and money management comes into play...this is my opinion though, with the little experience and the little time I have spent on the charts, it will be hard to blow my account but then anything is possible in Forex... Patapata we go play draw ..... anyways this is my opinion and I stand to be corrected......
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Pipsbasketings:
(1) on a average how many trades do you take in a week?? ( I know its all depends on what the market can give but I just want to have an idea)

My answer to this question is personal to my trading style and strategy; hence may definitely be useless to you. I do basketing, but I know people here that trade only 1 or 2 pairs. However, I will still answer.
I look through a total of 28pairs and gold, the total is 29. My general belief is that all these pairs move, they trend, swing, up and down, range. So I take advantage of every opportunity they present. I do not trade all the pairs at once, I scan through to determine which one gives me the best entry. So I don't determine how many pairs I enter per week, I always follow what the market presents to me per time. However, I have a general expectation that I will never have more than 20pairs in a basket no matter how great the trades are. Again, this information may not be relevant to you.

(2) do you keep trades over the weekend? because I noticed you closed all your trades yesterday..
100% yes, over 4 weekends and even more. Like I have stated many times, I go in when the market presents itself to go in, I go out when it presents itself to be out. I don't enter a market with a basic expectation of the general RR many traders talk about. Again, I don't determine what I want from the market, I take what it gives me. So if it will require 2months to exit, I follow suit.

(3) do you have some set of pairs you trades? Or you just trade any pair as long as there's a trade set up or a confirmation?
Answer in 1. above. Just to add, I avoid the CNH, HKD, PLN, SGD, NOK, SEK, CZK, HUF, RON, RUB, TRY, ZAR, MXN, and other weird quoted pairs. The list of pairs I trade has been selected just by looking at their overall playout, no gaps, big spikes etc.

(4) and do you have books or materials that can give me more insights on how to catch tops and bottoms of a move?
I don't trade tops and bottoms, so I don't have.

I hope I tried, chai, your question many ooo

This is so much appreciated.... I am suppose to ask another last question, but I'm scared lol....Maybe some other time........to all other bosses in the house please don't abandon us... We need you guys....

Pipsbasketings:
OK, have you been seeing my trades so far? did you see my last baskets' statement which I freshly closed, printed, and posted yesterday. Weeeel, here is another one I opened just a few hours yesterday after I closed my previous basket; I opened a new basket and closed today before market close....see attached.

Notice how similar the two results are, the curve, the profit factor, win rate, etc. I blurred the $$$ for reasons earlier stated.

My next post will now answer all the questions you asked.

God has blessed you and will continue to bless you for all you do, I have some questions for you boss @pipsbasketings I know for a fact you are not a scalper, you are more of a laid back, relaxed, or swing trader so to speak, now here comes my question,
(1) on a average how many trades do you take in a week?? ( I know its all depends on what the market can give but I just want to have an idea)
(2) do you keep trades over the weekend? because I noticed you closed all your trades yesterday..
(3) do you have some set of pairs you trades? Or you just trade any pair as long as there's a trade set up or a confirmation?
(4) and do you have books or materials that can give me more insights on how to catch tops and bottoms of a move? although I started learning how to trade since mid last year, majorly from paid courses, free courses on YouTube, and some few selected tips and advise I get from here....I've spent at least 3-5 hours daily learning over the past one year, learning how this Forex business works.... Hope to hear from you soon.. God bless us all...

WallStreetfx:
We hope to see pips on usdjpy

And I'm in a short position on this trade, anyways price is the ultimate judge, we are mere speculators in the market...

Pipsbasketings:
Eyeing UJ and Gold for tmao, yeaaaa Goooolllllllllldddddddd

Boss I thought you don't trade gold....

ZedFX:
Looking to sell GBPUSD

Seconded....... price is at a critical level of supply, could be a massive sell, but then to be on a safer side, we might have to wait for a reversal candlestick at a higher timeframe to signal our reason to sell, please take my words with a pinch of salt, cuz I'm still learning....

harizonal123:
Quote of the week

"Patience is the sole major factor for high returns. Those who cannot wait, cannot create wealth."

Over 360pips with zero loss just last week.Opened positions +20pips. Wishing everyone a pipful week ahead

Great result, but consistency is the key.....

space9880:
from my personal experience it won't last, I bought the spg4000 brand new used for 3 months before I got 1hp LG dual inverter Ac (in March) by July I was already having problems. Gen did not give me any problem until I started using AC

Thanks Man...

Tonyshow5522:
I HAVE BEEN AWAY FOR SOME TIME.IT FOR GOOD. I WILL BE GIVING AWAY MY TRADING STRATEGY TO JUST 12 PEOPLE TO MARK MY SON'S BIRTHDAY FOR JUST $10 EACH. DROP YOUR CONTACT OF YOU ARE READY.IF YOU ARE NOT, PLEASE DONT DROP YOUR CONTACT

Its a matter of time before you blow your measly account balance

infofirst:
Was behind pages and doing catch up since plus tight schedule. Doing alright. How about you boss mi

The great infofirst, welcome sir...

space9880:
it happened to me too I wanted to buy a gen that can power AC I had spg3000 in mind but I later got the spg4000 along with 1hp lg inverter AC it worked well for about 5 months before piston and rings became bad I changed it did not last for long eventually I gave the generator out and got a tec generator main reason why I got the Gen is because I have a friend using it for over a year now to power his 1.5hp AC for over a year and no fault. I took a pic of the load chart as inscribed on the Generator

God will continue to bless you for this in depth explanation, so what model of Tec generator you later settled for? I really wanna get another one later this week

space9880:
don't use it for AC if you want it to last.

Thanks for the response, I bought the gen because I thought I could use it to power AC, I think I will have to buy another one, so what's your suggestion? And if I use the first one I bought for just 1hp AC will it last??

nwaozzugwor:
3.5kva is good..

Go for Firman sumec

I stumbled on this thread a bit late, Below is the pic of the gen I got today purposely for an inverter 1 or 1.5 HP air conditioner, can it power it? with some basic home appliances?? I awaits your response and others...

Karleb:
Make una comment freely on this setup.

Alittle bit of patience is needed, I'll suggest you wait for price to get to that area of interest (trendline or area of supply) and wait for price reaction, could be a revesal candlestick, etc before you pull the trigger... my opinion anyway, I could be wrong.....

monnaky:
You cannot actually turn a custom indicator you bought into an EA, it is only possible if you know the CONDITIONS upon which that indicator was built.
The only way forward is if you know the CONDITIONS(the list of indicators put together)to form that custom indicator, then you can easily get your EA coded to automate your trades, based on those conditions.
If you figure that out, I can code your EA.

regards!

I want to make an EA on MT5 for a strategy can you do it??

Pipsbasketings:
Hello guys,

If you have passion for trading chart partterns: Continuation and reversal patterns -
• Symmetrical Triangles
• Ascending Triangles & Descending Triangles
• Wedges
• Flag & Pennants
• Rectangles
• Head and Shoulders patterns

I was just skimming through my FX folder/files and realized how much years I have put into this thing, the time I didn't sleep at night. I have selected one of my top books that changed my life. I will bless you with it.
I have this very great 25 page book.pdf in its simplest terms; yes, 25 pages - it goes straight to the point, no stories like ehh forex blahblah $6.6 trillion transactions a day averagely. So you will never get bored, I believe this will help and take you to your very next level of trading.
dm me pls, I will forward it to your inbox.

Shalom

Please send it to me. I have sent you a notification

semac00:
Covid 19 insurance is a compulsory requirment to get Ukrainian visa

Please reply your what’s app messages

hidhrhis:
im also a better writer so developing the 2 skills will do me more good bro
bro seriously go learn how to trade though i still be last born for this season 20 but for you dem never born you so go back to your mother's womb and learn at babypips maybe after you are done with your training you will be regarded as a toddler
stay safe bro

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For you mentioning another person’s mother, shows that you always give your mother the beatings of her life everyday... no wonder you acts like a cursed fellow... you are under your mother’s spell.... eleribu omo...

hidhrhis:
ive being learning forex since january
i read for close to 15 hours per day
ive being on demo account since march
i started reviewing every of the post on this thread from page 1 to this present page in which im on page 94 now any new thing i discover i go back and read it all over again
all my phone picture is full of screenshot of any hint or some trade pattern released by the boss of bosses
i stopped watching movies since i started learning
so if im not a boss in my own lane then tell me what am i
i know i will also make mistake when i go live but i want it to be minimal by learning and practicing really hard
you may be wondering why im not going live but im developing myself for the real battle
i can open a live account and be copying my boss work but i want to know what im doing really well,i mean extremely well
im still practicing on how if i combine the ichimokwu kinko hyo and the rsi to give me signal to enter market when im done with it im going live
before i forget im also good in the use of elliot wave and im ready to learn and ask question from my boss of bosses in the house
so bro spare me the long epistle im a boss in my own lane

You are really a confused entity, who’s writing epistle between the both of us now, Mr man save yourself all these long epistles and face front, and mind you, you’ll make a better writer than a trader....

karkinase:
Hahaha...tell him na..

Who open ur cage??

hidhrhis:
Go to babypips and follow the procedure

Are you a boss?? U sef Dey do like better person..

Tonyfx:
NZDCAD is a cursed currency pair

Lol, e don show u shege??

Hello bosses in the house, please which time frame can one catch the very top or bottom of a pair??

harizonal123:
About 154. On a normal day about 40

Thanks for this information bro.... on a norms I thought news couldn’t produce more than 60pips, I guess this is a very massive and high impact news....

harizonal123:
Which pair?

EURCHF

[quote author=harizonal123 post=89722683]Which pair?[/quote


EURCHF

Shevychen2:
It set the tone for the bullish run you are seeing now across the major pairs.

I was asking about that particular pair, thanks for your input anyways...

forendals:
for months I had issues with TP. trades will go in my direction 50 pips then reverses to hit SL. another will hit TP and still run like x3 of what I gained. sometimes it made me very emotional. now all I do is, after calculating my risk and I arrive at something like 0.06 lot size, I'll split it to 0.04 and 0.02, the bigger lots for a smaller gain. after which I move SL to entry on the smaller trade once tp is hit in the bigger one.
for example, GBPJPY should hit my 60 pips TP on one of my trades, and the smaller one will continue to run

This is something similar to what I’m doing, Sometimes you need to discover what’s suits your personality in forex trading

harizonal123:
Germany and France made a sudden announcement of about $500 billion proposal fund for the recovery of euro. That was the spike you saw yesterday. Most TA could not hold & that is why you always need a SL for unforseen circumstances like this. My account was hit hard on this announcement but thank God for money management

Boss please how many pips move did this news caused??

tabtabtab:
Thanks for this advice.

Which of the popular forex brokers is advisable for a beginner.?

And is it advisable to start with a cent account?

Hotforex is okay