₦airaland Forum

mrikay:
Oga CurrentPrice,

Eyes on EurNzd for potential buy?

brother am not gonna buy the pair for now

^^^
space number 1 at the front fully booked

some time when it touches the levels and turn to your direction for like some pips as you said and keep on small ranging. check your trading calendar the speed to break the levels is waiting for the news to be announce soon. the news may be next day or anytime soon

Edd1e:
Picking Tops and Bottoms is a fast way to burn your account especially when you don't know how to do it. It's just like support and resistance trading where traders just take trades hoping a particular S/R will hold without any confirmation of taking the trade.

Scenario 1: "You see a strong Resistance with nice 3 touches and you thought, wow, this res. is going to hold and price is going to move down, it looks like the best trade of the year only for price to spike and take ur stop loss and then continue in your said direction".

What went wrong with the " scenario 1" above?
Lack of Good entry strategy, Traders not waiting for confirmation of the said resistance holding before taking a trade


Scenario 2- Price hitting a nice strong resistance like the scenario 1 above.. This time, market decides to move down to your predicted direction like 80 pips below your entry and then "puff", price shot up, took ur stop loss and continue moving up breaking ur so-called strong resistance.

- What went wrong with Scenario 2? Lack of confirmation before taking the trade.


These Two Scenarios do happen to most Traders over and over again and they still continue to make same mistakes because they want to get into trade early. Trying to pick 'Tops and Bottoms"

If you are a forex trader and you still find yourself trading like this, then it's time to find a solution to ur ENTRY STRATEGY"

Peace

so true my brother ,,,,,,trader still need to keep eyes on those levels ^{strong one} scalper can risk 20/30pips trade at the levels. if you are not a scalper take only note of the levels,,,do nothing on the day it touches/bounce off the levels..... wait for the day that the levels with be broken with full speed then throw your weight lots towards the prison break and SL just below the levels. it is 80% big win most of the time

LaconicINC:
Most people left the forum because of insults, Needless arguments, am better than you mentality, trust me majority of the folks you listed still trade actively. It would be nice to have them back though

let not forget today is Monday,,,first day of the business week anyway,,,,good post from feshizzy on the missing member ^{"that how it being done on a good forum"} ,,in my opinion some of this member ^{"not all"} might have retire from forex due to one thing or the other. I can tell you if you are active trader regardless of any storm,,,, needless arguments, am better than you mentality would not stop you from helping other member so far is not affecting you making the real pips ^{"things like that happen on every faceless forum"} before you trade/chart analysis you must get connected to the net and log-on to your laptop,,, posting on a forum would not take away anything extra there some respected people doing pretty well on financial market investment but will never talk about forex ^{as they don't trade it} not because they don't believe it real but because of reasons best know to them. forex is not for the faint-hearted person

profitsgalore is one of the pioneer of this house,,,being blasted left and right many time here. still came with what he knew can be benefited to the newbie

@ profitsgalore,,

great trades brother,,,,that is life you have finally land what work for you Thank God,,i remember when you use to threw various strategy here in the past advocating for long time trading though most of your post did make sense

continuing banking your pips. God bless

it okay now

Thank

Profitsgalore:
https://www.myfxbook.com/portfolio/profits-galore/1735289

Take no heed of the aggressive trades. I am only trying to prove a point to some knuckle heads with this account.

not open again

this message keep display "You cannot access someone else's portfolio. If this is your portfolio, please login first"

Profitsgalore:
What are you talking about? Anyway, if i were you, i'd take advantage of this time to copy my trades. It's not easy losing money. You never know when i'm going to set my placed trades back to private. Make hay while the sun shines.

I can't view as well brother

most of the time the dude didn't have the time to read before posting

Put a frog into a vessel filled with water and start heating the water. As the temperature of the water begins to rise, the frog adjusts its body temperature accordingly. The frog keeps adjusting its body temperature with the increasing temperature of the water. Just when the water is about to reach boiling point, the frog cannot adjust anymore. At this point the frog decides to jump out. The frog tries to jump but it is unable to do so because it has lost all its strength in adjusting with the rising water temperature. Very soon the frog dies. What killed the frog? Think about it! I know many of us will say the boiling water. But the truth about what killed the frog was its own inability to decide when to jump out We all need to adjust with market situations, we need to be sure when we need to adjust and when we need to move on. There are times when we need to face the reality and take appropriate actions

don't fight the market or be over confident that the market must continues on one dirtection

megainvest:
Nice move! I think the biggest bear of all time is set to hit the market soon. I will be gathering cash but I ain't going away from the market completely. I will be planting for the next 6 months as opportunity comes.

Put a frog into a vessel filled with water and start heating the water. As the temperature of the water begins to rise, the frog adjusts its body temperature accordingly. The frog keeps adjusting its body temperature with the increasing temperature of the water. Just when the water is about to reach boiling point, the frog cannot adjust anymore. At this point the frog decides to jump out. The frog tries to jump but it is unable to do so because it has lost all its strength in adjusting with the rising water temperature. Very soon the frog dies. What killed the frog? Think about it! I know many of us will say the boiling water. But the truth about what killed the frog was its own inability to decide when to jump out. We all need to adjust with market situations, we need to be sure when we need to adjust and when we need to move on. There are times when we need to face the reality and take appropriate actions.

zendi:
I recall a forumite once cursed that fbnh would be available at under 3 or something.
That time he narrowly escaped e-lynching, but right now, very sadly, his vindication is around the corner.
Which brings pythondjango to mind.
Some of his grave robber's prices are manifesting.
I hope its well with him.

pythondjango doing well like every member in the house ,,,,,,flexing muscle left and right follow any news related to O and O bumper-to-bumper as the says goes,,,where your treasure is, there your heart will be...

incase you have bad information to bring down ucap,,,,,he is currently looking for grave robber's price on the stock

^^

that it is good thinking brother

lost it all today on eur.usd SELL trade

I notice majority of this trader use little capital,,,,how can less than 100 pips gain gives 1000%

less than 50 pips loss gives margin call

less than 20pips loss today gave sHaN reb -88.7% capital loss

Pipsbasketing:
Bro, I was not on my phone when your call came in. I got the voicemail and tried calling back but it was indicating a UK line (+44).I only save call subscriptions to call Naija line, hence I could not reach you.

It is not done yet.

that is my UK line brother,, on short holiday to enjoy my fx loot

^^

thought it being done

I even call your number on Monday left words on your voice message

it Friday,,,,bring it on ....watching on 3D

Pipsbasketing:
Bro, though I am not yet on GJ, but kindly check your GJ again.....

Though, I do not trade H1 or H4, but I checked it to see what your position says, I see it is dangerous to buy the pair at this point whether on H1, H4 or D1 with the said SL..

Kindly get back to me

On H1 and H4, the pair has a high momentum/volatility build up to SELL, but on D1, the sell may not be enough to make the pair continue selling, hence about to turn to BUY......buying now? I can't see here

thank brother for the post,,,,the trends is clearly down my trade was based on expected demand/support levels at the 132.20 ,,,,, could have taken the trade last week but waited to risk the trade with little pips should the trend continues

If the levels got broken to hit my SL at 132.00, and the price stay below the levels till close of market over to the next day I expect the trends continuation to next demend/support levels at 128.10 ..

if that happen,, I follow SELL until strong reversal seen again

currentprice:
GBP.JPY Tuesday low taken out with the bank rate cut ,,,,next price candle following after the announcement was not good as confirmation for more seller to come in,,,,might be very difficult to dig-down next support at 132.20

waiting on the side-line for close of market today for my buy/sell decision on the pair

time to take the calculated risk based on the bold levels,,,, let go

Buy GBP.JPY with me now at 132.48 SL add 20pips below the bolded support with will be 48pips Sl

Tp open

check your chart to see what you want to trade before you trade

mod please un-ban JLINE
mod please un-ban JLINE
mod please un-ban JLINE
mod please un-ban JLINE
mod please un-ban JLINE

Capitals:
Please pardon me for been a bit off, but need this info.

Abeg how do you get charts for the nse, open high low and close charts or candle stick. What do you think of meristem/merifx, have you had any experience with them in the past.

for nse,,,,,fundamental of the company matter most on the stock you want to buy ,,,, charts does little on nse except you want to trade America/Europe mkt among others, I check charts on trw-stockbrokers dot com,,,,,,investing dot com,,,,,marketwatch dot ng,,,,,, ft dot com.

I use four broker but meristem/merifx not among my broker.....depend on what you want morgan capita group is one of my broker and they offer real-time platform,,,

for more information follow stock pick alert on NL my 2nd home

pipsbasking method of trading for me is what i call "don't put all your egg in one basket" very relevant in financial market. ,,,,used this method in my early year on stock market investment .... if rightly applied with good mkt analysis, there is no way margin call anytime soon good for the new comer,,,,,for the guru choice of trading 1 or 2 pair the end result might still be same as pipsbasketing explained the MM behind the strategy. quoted divide capital by 100,000,,,he used £1000 as an example which is 0.01 lot size. so using 0.01 lot on 20pair,,, you still trade 0.20 lot size on all .... would relatively gives same result or more when trading one pair with 0.20 lot size if positive pips drop

assuming both pursue same pips target

the advantage of the pipsbasketing to newbie when SL of let say 300pips hit on one go the end road of guru for that particular trade,,,newbie with pipsbasketing might still stay on the trade with some positive pair

the advantage of 1 or 2 pair trading by the guru is,,,the target can be achieve within 1, 2 or 3 days while some pair in pipsbasketing still dancing up/down

As a pair or two trader.... am i learning from the pipsbasketing post? yes because my trading pair always part of the pipsbasketing at any particular time.....so i compare direction,,,if a different direction notice i call for chart re-check and sometime he post chart for more clearification atleast that gives me caution since am not mr. market and everybody read chart in a different way