Elliotwaveforec:

On EU, I agree it's going north; to long it, a retracement towards 10482 is needed with SL @ 10480.

All that remains now is to mark time. I reckon the markets to print two bearish candles between Monday to Wednesday to provide a "higher low" but my stop will be around .04300 and entry around .05000

Swing idea!

I can't see anything else.

GabsonFX2:
USOil Update (A different $100K account - strictly for swing trading)

USOil short still ongoing, around 126pips. While the market closes today, I will let it run till next week. Here is a catch: When USOil jumps, it is a blast/devastating far more than US30 and Gold that SL is never guaranteed. I have been thinking, should I risk it, leaving it till Monday and seeing, it could gap my way, but then it could gap against me? Can I buffer it, if it gaps against me? Yes but by how much - I don't know.

On Monday, at market open, I will mention the major reason why I'm leaving USOil short to run till market open.

If there is no gap at all, then I will kill the short like mad..............if there is a gap to my direction, I will close instantly at market open........If it gaps against me, I will see what to do on Monday.

I'd personally like to see one or two green candles before I continue shorting.

BrightFuture48:

You have raised a lot of valid points, but if you look closely all these are common to whatever time frame you pick. The good things about higher time frame is that the setups are normally rock solid and often less susceptible for being "fake" or gives ample time to for you to decipher if it wrong.

It just matter of practice and discipline we can follow such but because we are use to lower time frame and easy access to our mobile mt4 pnl, we tend to interven much in our trades (emotion).

I will be considering taking my challenge/ competition account off my phone soon so that it can help me reduce such interference. There is NO short cut to this we just have to cultivate the WAITING approach but before and after setup on higher tf.

Yes with such risk management adopted in the competition now you can comfortably withstand 200 to 300 pips DD provided you're trading higher tf.

Swing trading is good o but you see that thing where you wait for days/weeks only for a trade to turn red, e dey pain well well.

Seasoned men like our oga GabsónFX2 already get bar to weather their DD. Newbies like Charly20 go learn how to scalp so that dem no go run mad . Wetin I dey talk, even oga GabsónFX2 don talk say him dey scalp sef.

Omo, we go dey alright.
@boss Davigle, wetin do you na wetin dey do us normally.

Some of us based on experience have learnt to manage it to a non-lethal extent.

Let me see what happens at $86.

$74 will be on the table if this is true.

Riverrun:




Like you really sold your shop!
This person who introduced this kind of wicked business to you must have sweet talked you into that. Telling you how you who become the next millionaire in no time.

Kai, this kind business ehn!!!

Sorry about that.
Next time don't sell your shop.

Next time? 😂😂

Geovanni412:
@charly20,

Heard you only trade like twice a month starting from say like 10th of the month

Is it because signals only print on the daily chart after about 6-8 days?

Between 2nd and 3rd weeks of the month. This is because I understand that the market moves in cycles.
This is when I'm swing trading.

When I'm scalping, it's the London session between 1:30am - 6:00am NY time.

In these times, the market generally moves in one direction as I've observed.

Gasive:


With what I'm seeing this might be its lowest point in the foreseeable future. I seriously don't know how we will fare in this country when fuel sells above 100. Nigeria's future is really bleak.

I'm still following one historical map I shared last season.
Oil is likely the most bullish asset right now (on long-term basis, sha).

Gasive:


What are you seeing Boss?

Bullish order flow but I had already profited from yesterday's short. Sadly, I didn't call it here.

I'll be watching for shift in sentiment to go long.

Usoil has one of the cleanest price actions I've seen yet.

karkinase:
What is wrong with this markets .. gosh

It's doing what it's meant to do.

Donsheddy:
Morning Diary...

Sorry i haven't had the time to update since last week.. after my experience in the market... losses has a way of messing us up, if not handled properly we losse everything ...

I made some silly mistakes and the mistake led me to taking silly trades...
Lost all my profit on 200k account now -0.4% in DD, 1.5% in DD in 6k account and 4.5% in DD on 10K.....

Missing yesterday bear trade made me realize how far ive drifted away from my way of trading so i decided to take a step back ....

Primary target right now is recovering all the losses and taking all the account back to initial balance.....

I really don't care how long it will take...

But i noticed that the spirit of hurry took over me......

Will reconstruct my plan

Take a break (maybe a week, maybe a month).

I suffered a small DD too on all my accounts because last month's trade calls were sh!t.

I won't touch it again for a while and the plan is to crawl out of DD before playing offensive again.

I wish you only the best.

Gasive:
Usdcad just entered my kill zone, I will be buying it on market open, targeting 700 to 1000pips. What do you think guys?

I think a new high on H4 will signal whether the structure has turned bullish or not.

Please in the name of anything we hold sacred, no more "weekend is for vawulence".

It spills over into the week and results into this kind of eyesore we've had to endure these past few days.

Saturdays are to review the week that was,
Sunday to prepare for the week that is to come.

Love and light.

pristinee:


Remember u are reporting the 2 mofos, don't forget and report just 1

Yes. I can see clearly that this is an agenda to snuff out FTA by a few monikers.

This is the 23rd season, it is a legacy we must uphold.
Please, do not quote detractors, report them.

Quoting offers the satisfaction of relevance.
Report detractors!

Please hit the report button.

I can't be doing it alone.

OfficialP:


I perfectly understand u, of course i know its not derogatory, but you didn't understand the angle I am coming from.

I am talking about people taking it out of context in near future, maybe not now. I don't know how best to explain this. But I will let it slide.

We have an understanding and I have used charly20 instead. I will not intentionally jeopardize a good name.

kozmicity:


What's the result of the experiment.

IQ disparity between races has us (negros) at the bottom of the pyramid.

It is why we have not advanced as a race.

OfficialP:


Are you for real bro, read between the lines and you will know who is trying to build and who's trying to pull down.

BTW...@Charly20 pls edit that your last post about info..... being a ...

Before someone someday takes it out of context

It is not meant to be derogatory.

I even used me as an example so the message is well passed. Typing these things do not make them true and as such should not make us give away our attention to detractors.

Maintain focus.

Edit: I have modified it and used myself.

Una attention cheap for here sha. If every man's attention was this cheap, women all over the world would be really happy.

All i have to do to cure boredom for like one week straight is to come here now and type;

"Charly20 is a scammer and a thief" or quote Charly20 and say "your father is a bas_tard" and I go get impressions and engagements tire.

Una dey disappoint sha.

infofirst:


I have created the telegram group I mentioned then.
This competition will give us the opportunity to start pushing people over. The future of FTA is blinking. I hope it survived it. I sincerely hope. We need back up.

This community to me is a social experiment concerning the IQ stats about us negros and real time data proves this statistics correct.

Please no leave me behind, my boss.

Never gets old...

dmahn:


Wider stop means the reward can never be 3x the risk infact it's the opposite

I guess you mean high risk for low rewards.

100 pip stop for 50 pip reward. Is that it?

dmahn:
To whom it may concern

No matter how beautiful a trade setup looks, if it requires a wider stop please pass it on

Even if the reward is at least 3x the risk?

nzechu:
I asked this sometime ago and got no response. Thank God for google.

Its all coming together now, piece by piece

In addition to what you may know, divergence also occurs between correlated pairs.

Case in point ; Gbpcad made a new low on Friday, Eurcad did not.

Similar observations could be made of Euraud and Eurnzd, gbpaud and gbpnzd, Eurusd and gbpusd, nzdcad and audcad, etc etc.

MONEY247:
EAsy setup hidden divergence
Daily Timeframe
Euraud
Gbpaud

Yes.
Now what remains is to track price from H4 - H1 to find clean entry. Many pairs that are bullish this month may have found their lows already. This week is to "confirm it" and ride the trend.

RKTexpert:


Any idea to bypass or unlock tradingview premium plan for free yet? Una wey dey use and post tradingview chart analysis for FTA, how Una dey take do am, how Una they pay to use am or renew Una plan? They even made it difficult for two persons to use same account login at the same time. It won't work...I guess I will have to pay subscription from my tight pocket regularly onwards

Hello,
You don't have to subscribe to access tradingview's platform for most properties you may want to access.

How I am able to post my chart analysis here is this;
I click on the share icon and "save chart". That way it remains on my mobile device and I can post here.

My description is under the assumption that you use a mobile device for analysis.

Proudpolygamist:
.
.
.

Respect the living, respect the dead.
We live because they fell (however they fall).

infofirst:


We might have but I would have love to see a clear rejection candle on 4H or daily to validate it atleast. As he be, we go use LH HH bla bla to confirm it

Normally.

Elliotwaveforec:
If you can't trade with SL of 400 pips, you've not started.

Wahala 😂

charly20:


Believing yesterday to be the low of the month, let's see if there will be a change in delivery in H4 and second entry will be taken.

If the market validates this idea, we will keep stacking new positions.

Ps: This idea on gbpcad gives me confidence to go long because I have shared similar setups on usdcad and gold and I didn't partake in any of them.

3 is a pattern.

charly20:


Believing yesterday to be the low of the month, let's see if there will be a change in delivery in H4 and second entry will be taken.

If the market validates this idea, we will keep stacking new positions.

In the same vein, I'll also be looking for a change in delivery in H4 on Eurusd. Also believing the low of the month to have formed yesterday, we will try again for an entry.

If the idea is validated, we will also stack 'em on every dip.