₦airaland Forum

And GU too 👇

My views on EU 👇

Overall here's my my view of the markets, I'm still bullish on the DXY long term but we might see a bearish move on the DXY this coming week, I am indecisive at the moment so I will wait to see how Monday's price action unfolds...
DXY 👇

Evening house, thanks to everyone for their kind response, I really have learnt a bitter lesson, funny enough, I have read about traders who have had similar experience and I thought I had learn from it. but when it really happened to me last Thursday, it really drived home the lessons I've learnt, I hope to never repeat it again...

karkinase:
First off .. stop trading US30. except it’s ur only pair.
Trading is not easy.. who ever says trading is easy joke on them. The market has a loophole and you must search for it to create your edge and this takes years to master. Weldone you will always get better.

No be only US30 oooh even Gold too, I am dumping her too, I realized I am not ready for their wickedness...
I am humbly going back to EU and GU and will not cheat on them...

rhynoemmie:
I thought you traded just EU & GU. Where did gold and us30 fall out from..

Boss na Yusuftrader1 ni ooo, for Twitter. I was going through his posts when I say where he was advising traders to dump EU and GU for JPY pairs because of the volatility, especially usdjpy, he said it would prepare you for gold and indices, I made my own research and I find it to be true but my greed got the best of me, so I decided to play around with gold and US30 because I wanted fast money but I got fast beating...😰

I got disqualified from the TFT competition yesterday due to my irresponsible behavior by breaching the daily drawdown rule. 😳, honestly I have been in severe pains since yesterday because I had high hopes and expectations of myself in this competition only to be cut short by my indiscipline. once again I broke my rules of not trading out of my session because I taught I saw a really tempting setup, and I lost. secondly I have been researching on how to trade news and found some good results in my hindsight studies so I decided to trade the news yesterday, although I was bullish on the USD and bearish on my specific markets I trade (EU, GU, gold and US30), I was anticipating the news to favor the USD of which it did. As soon as the news was released, I shorted GU, gold and US30, boy o boy, price moved in my expected direction and I was feeling like a boss thinking that I have finally cracked the markets. my euphoria got into my head. while I was waiting for target to be reached, price reversed and hit my stoploss on gold and GU. I was very livid and I threw all caution out the window, at that moment I forgot all the warnings that the elders have made here and every other trading advice that I have read over the years which I thought I had integrated into myself. I thought the market gods were just manipulating the markets as usual and I shorted GU and gold again and then I removed my stoploss on US30 (a very costly mistake). I had wining trades on Tuesday and Wednesday trading US30 and I felt like I have mastered the beast, oh Jesus, US30 doesn't deserved to be called a beast but a monstrosity monster 😭😭😭😭. US30 began to rise and then fly and then soar.... I prayed for her to come down, she refused, I begged her to come down, she said no. And then I did something very stupid, I began to will her to come down, how arrogant of me to think I could control the markets with my will. And then surprisingly US30 submit to my will (or I thought so) and she came down to my entry. I foolishly did not close the trade, because I thought the storm was finally over, meanwhile GU and gold hit my stoploss again. I did not bother, I was just praying that US30 should just go in my direction of which she did and I was finally thinking alas the worst had passed. Then the tsunami strucked before my eyes, US30 began to surge up again and I was just watching like mumu, hoping it will still come down but it never did. It kept on going up until I finally decided to kill my hope and close the trade with a $4k loss. I didn't even know that TFT had already sent me a disqualification mail. after closing all the trades, l lay down with a throbbing pain in my chest and feverishness all over my body. I realized that my expectations were cut short, my hopes were dashed and I have to wait till next month for another opportunity. ICT always says, if you don't open your eyes to the markets, you will open your ass to the markets, brethren, I confess that I honorably opened my ass to the markets yesterday and they did not hesitate to give me a resounding smack. Alas I will continue to trade my TFT account even though I have been disqualified, I will focus on making back all the losses I made by the end of the month with strict risk management, hence I have decided not to risk more than 0.5% per trade. To my fellow noobs on this thread, honestly risk management and discipline is the holy grail of trading. I don't care whatever strategy you are using to trade, if you don't have strict risk management and discipline, you're is just a few moments away from being wrecked.

Lastly I humbly submit myself to the elders here for any tongue lashing, warning, criticism, ....... I welcome them all.

Elliotwaveforec:
Who's with me? Riding it down already.

I also joined in this ride to the south but jumped out early with small profit due to fear of news 😳

Ibrahimlagosian:
Ah ,i just remember i have a sell order i placed in the morning,but the price dey move in my favour

🤣🤣🤣🤣🤣🤣🤣🤣

Red alert, red alert, code red, I repeat code red, threat level: critical, high impact, tornado effects on account type: red folder news victim: PMI on USD by 10 am (EDT) 3pm (WAT)
ETA: 9mins out

nzechu:
Sell or buy? Tomorrow will determine

In my opinion I'd say sell

Arkadrob:
Traders what is your take on GBPUSD? It's looking bearish but daily candle close will decide my next action. That's my opinion.

I am bearish on GU.

Evening house, so I started the week positive as I had a wining trade yesterday which netted me a +0.9% increase on my acct, despite the market was slow yesterday. But today, I had losing trades and I barely brought my account to almost breakeven. This happened because I broke my trading rules today. I FOMO'ed and I also traded outside my specific trading time which is the NY session. To be honest I was greedy and I did not wait for my setups to form fully b4 I took my trades and as usual the market gods did not hesitate to give me a resounding smack. This is the first trading competition that I have joined and as a JJC, even though I am optimistic about my performance, I was so eager to grow my account which led to my irresponsible attitude today due to my greed and impatience. I have learned my lesson and I am strictly going back to my trading rules. The reason why I am typing this because I really want to hold myself accountable so that I can build discipline and consistency...

karkinase:
UJ how far you na.. fall

The wéré no gree fall since morning ooo, I have been heavily bearish on it and have been waiting for an opportunity to sell since mawnin, but the oloshi just dey rise like puff puff, imagine 116 pips rally so far. I was expecting it to fall before it rise but I guess I missed out on UJ

rhynoemmie:
You're angry ooo boss
If price makes high of the week today, what will it do with the rest of the week. 😅😅

High of the week may come Wednesday or thursday and then a dump on Friday 🤞🤞

Boss mi no mind me ooo, na jjc dey worry me. I'm still working on my patience and learning how to wait for price to do it's thing

rhynoemmie:
New entry on EU and GU
EU has already cleared the lows. Will be watching its reaction from the Ob. If the trend is going to maintain its Long term bearishness, then the FVG will be a good place to short the market from.

@bigbasho is this what you wanted to see on EU?

Gu has printed a similar pattern but will keep off rom taking a buy cos I don't think it will get to that zone before reversing but if it does, then I'd be on the lookout for a buy but if it doesn't then, I'd just focus on the FVG to sell from.
And then probably head for the 1.24 zone

I was actually expecting price to rally into the 4h fvg_sibi before dropping to clear off the lows on both EU and GU, but price didn't do that do took a loss on both trades.
sitting on the sidelines and watching what price does next

bigbasho:
i will wait for the Next H4 candle. as for EU i still think they are working the base of the pattern. The breach of yesterdays low is captured. I will take it a step at a time. its seem wider than expected. i want to be sure it has bottomed. i will be less active today though i might not be watching too closely

I think it's playing out as you indicated on the 5m chart.

modified: I was wrong about this 👆

rhynoemmie:
Was searching for it on EU but it showed its hands on GU instead.

Already placed order.
@bigbasho @davigle

Jumped in on the buy on both EU and GU too. hoping price makes the high of the week today

sampz:
Hope u took that gpbjpy buy.. it's still playing out.. though I existed the position yesterday eve

No sir I didn't take the trade. I mostly trade EU, GU, and UJ. majors only.

rhynoemmie:
Nice updates so far.
I'm patiently waiting for tomorrow to go long.
Will probably hold till Thursday.

The long opportunity you're searching for is what i call the judas swing.

Noticed it always happens on Tuesdays around 7-8am (9ja time).

Will update if spotted

Same bias as you boss, still bullish on the DXY although I am anticipating price to reprice into the inverted FVG on the daily chart which should likely make the low of the week either tomorrow Tuesday or before Wednesday NY open before price rallies higher

Davigle:
I know you did not quote me sire but might I chip in my thoughts on Gbpjpy although I don't trade it as I am mostly an EU/GU kind of guy, I wouldn't want to cheat on em
I am bullish on GBPJPY

In the meantime, I would like to see price reject of the hourly sibi above before taking out the liquidity residing below the 4h equal lows

sampz:
Would join in that sentiment when the current support zone in H4 is broken. For now I'm currently bullish

Sorry about that I actually made a typo error and I didn't notice it. I'm also bullish too, my charts are attached to the post

sampz:
Abeg market go soon open oo.. na chart we wan da see..

Charly abeg help me check gbpjpy..

I know you did not quote me sire but might I chip in my thoughts on Gbpjpy although I don't trade it as I am mostly an EU/GU kind of guy, I wouldn't want to cheat on em
I am bullish on GBPJPY

nzechu:
pls is ur chart indicatiing buying or selling. U know say some of us no know pass support and resistance. I no understand ur chart

😜
Well i am actually bullish on the dollar and bearish on both EU and GU. Hence my markups are the institutional price levels that I will be watching through out the week as price action plays out

abham:
Bro I'm in love with your markups and I hope you dey journal these markups... i just wan add something small but e no necessary. Notice the smt in EU and GU for the -ob in the bearish range.

Yessir I am journaling my markups, and I also have a folder where I keep the screenshot of my markups

GarkiAccessory:
Exactly just like last year 2022 month of September and August were bullish

Thank you for your post, it made me go back and check my charts again, and I was surprised just as you said last year 2022, the month of August and September were both bullish for DXY. I find it interesting that since 2019, the DXY has always been bullish in September while in October (2019-2022) it has always been bearish.

Fingers crossed, let's see how the markets unfold these coming weeks...

And also for GU

For EU

Hulo house, seeing how nfp screwed the markets on Friday, here's my bias for the coming week for both the DXY and EU. It also seems like volatility is back in the markets and to that I say welcome to September. Cheers.
Pls elders in the house, do not hesitate to correct me ooo...
Cc: @charly20, @abham, @kozmicity, @jameselias, @rhynoemmie

Raymondfayowole:

WAHALA DON LAND OOO, US no get joy at all, hope they resolves this as soon as possible if not, premium tears loading...

charly20:
Seems like Tuesday maybe too distant. With my trading model, this is good to execute but EU has cleaner price movements.

Buy EU/GU
SL is at the last known swing low (last week Friday's low).

Couldn't agree more with you, EU has always been a nicer gurl than GU but I like GU setup better because it's sitting at the 62% OTE model and likewise gold...

Jameselias:
One of us

Haaa oga James dakun sheeeshhhhh, abeg no loud am naw... 🤪