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Business / Re: Forex Trading - Season 13 by dboy365: 1:38pm On Apr 08, 2013 |
infofirst:selling jpy pairs is like top/bottom picking and should only be done with strict mm and for 35-50pips scalping purpose only. Be there to monitor your trades else buy the retracements on negative EUR news. You dont wanna be fighting the market |
Business / Re: Forex Trading - Season 13 by dboy365: 1:33pm On Apr 08, 2013 |
fxisreal: @bolded, The market is always speaking via PA, it's left for us to be sensitive, listen and cuddle it well so She can give us the $$$. Thats how I see PA. Simple as ABC. Anyway, I took a Stab at this bi.tc.h on my 2nd Account where I trade Enjoy folks
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Business / Re: Forex Trading - Season 13 by dboy365: 10:47pm On Apr 07, 2013 |
meshpips: I can say with certainty that dboy is a profitable trader. By their charts you shall know them. This guy marks out TRUE support/resistance on his chart. Keep up the good work!Thanks Chief. It's strictly S/R for me. That's my edge! I'm getting very close to perfecting this edge(listening to the market) and my psychology and the rest becomes history. |
Business / Re: Forex Trading - Season 13 by dboy365: 10:16pm On Apr 07, 2013 |
naijababe: Everything that is done in partial or full ignorance is better left alone.You are welcome babe. Thats nothing at all. Just lemme know anything you'd like and I'll help anyway I can. You know I can do anything for us all to excel in this biz! I also gained from our fbk chat. Let this week be a pipsful for us all. 1 Like |
Business / Re: Forex Trading - Season 13 by dboy365: 7:14pm On Apr 05, 2013 |
OliverPin: hmmm thats a big one madam. sowi if any retracement should come on ej its should be next monday if kurado could shut up during weekend that is. I guessthe dude better stfu ver the weekend so we can get some retracement! lol |
Business / Re: Forex Trading - Season 13 by dboy365: 6:20pm On Apr 05, 2013 |
vxtr: Did that nigger called dboy actually take off, I thought he wants to make billions of dollars. . Even myself, I was starving and culdnt go to ve lunch cos I was expecting breakthrus, but it seems d market only wants to break me down. I m out til nextweek. Happy weekend ,all.I chop clean mouth till 125.78, then run comot leave the market for ona oh. Hope you get some the billions wey exchange hand. |
Business / Re: Forex Trading - Season 13 by dboy365: 2:10pm On Apr 05, 2013 |
vxtr: In this kind of market situations if u don't know what to do. It s better u do NOTHING.very true naijababe: Selling EJ here.Closed all my trades. Out till next week. Happy wnkd folks! |
Business / Re: Forex Trading - Season 13 by dboy365: 1:52pm On Apr 05, 2013 |
erniok: o boy see UCadi see the slowpoke oh...you go fear moves nah...Kia unemployment numbers just exchanged billions btw hands.. thanks Lord it went in my favor. Nice week again! |
Business / Re: Forex Trading - Season 13 by dboy365: 1:44pm On Apr 05, 2013 |
nfp things....let the pips $$$$$ flow. Was tempte to add EU but .... EJ still my number one and only choice!
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Business / Re: Forex Trading - Season 13 by dboy365: 12:35pm On Apr 05, 2013 |
naijababe:ok. |
Business / Re: Forex Trading - Season 13 by dboy365: 12:26pm On Apr 05, 2013 |
see as market just quiet dey wait for cad and nfp! na wa oh! Billions will exchange hands in a few minute....Lord, pls let some of that $$$ come into my hand |
Business / Re: Forex Trading - Season 13 by dboy365: 12:11pm On Apr 05, 2013 |
honeric01: during the night when i couldn't sleep as usual, one yeye spirit tempted me to check the chart, i saw the jpy pairs still running upstairs, so o decided to add pending longs. Now i just wasted 150 pips for nothing! Ej, gj and uj. Nothing too spoil, na profits una tamper with.My Prayer-- I bind that kind spirit IJN. I refuse to be tempted to give back what I got from the market. My psychology must align wella everyday IJN. lol but im serious oh! |
Business / Re: Forex Trading - Season 13 by dboy365: 4:15am On Apr 05, 2013 |
dboy365: my love EJ! [b]Even when I joined the party late...still trailing SL[/b]quite painful because I cancelled buy stops at 120.25 like 2hrs before the huge spike. Anyway, lets see how it goes. hopefully, nfp would push it up more or bring it lower for me to get more in. Closed some trades high up for equity growth perhaps, they ve the potential to get stopped out on retracement. Are we seeing 127 before the weekend or break of it over the weekend (this is when I love gaps up ). Anyway the story goes, I'm in some good $$$$$ already while letting other trades By the way, I now trade EJ and EJ alone....bye bye to other pairs. 1 Like |
Business / Re: Forex Trading - Season 13 by dboy365: 3:37am On Apr 05, 2013 |
my love EJ! Even when I joined the party late...still trailing SL
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Business / Re: Forex Trading - Season 13 by dboy365: 6:08pm On Mar 31, 2013 |
why the argument nah? Whats special with new seasons self? Abeg leave this thread to run till 2014. |
Business / Re: Forex Trading - Season 13 by dboy365: 6:04pm On Mar 31, 2013 |
endfx1: Sober Reflections....where are the good old days?...you may ask one thing i will not stop doing is to keep track of my good trade pix to build confidence and bring me back to my senses when the going gets tough..nice |
Business / Re: Forex Trading - Season 13 by dboy365: 5:41pm On Mar 31, 2013 |
naijababe: There's no right or wrong way to trade. Just know yourself and work on YOU!1trillion likes. Your psychology of trading is improving- fast! |
Business / Re: Forex Trading - Season 13 by dboy365: 5:27pm On Mar 31, 2013 |
Piponomics:1trillion likes to the bolded! |
Business / Re: Forex Trading - Season 13 by dboy365: 3:40am On Mar 25, 2013 |
rororo: what happened that makes eu to jump upCyprus agrees to deal! |
Business / Re: Forex Trading - Season 13 by dboy365: 3:32am On Mar 25, 2013 |
mayten30: not everyone needs the system,someone who already has a good trading system that they have being using to make money for years from forex trading do not need the system,so do not be surprised if you see someone like me not interested on the system.me too but I wish all success with the system. It looks promising! Lets make them brokers broke! 1 Like |
Business / Re: Forex Trading - Season 13 by dboy365: 5:26pm On Mar 22, 2013 |
Igwe OO: What a week!!! You toil up day and night, sleepless nights, draw up charts, read, study, analyse them. Riding on it, your efforts starts paying off positively, and your confidence soars, you see yourself hitting up 85% of your total equity....then b@ng!!! that mistake (over confidence), just that one, single mistake you are back to where you started before market open on Monday.#My story this week.I was in your shoes years ago , (making more than 100% at the beginning of the week and losing all or even getting a margin call in 2-3days time) until I found the "Holy grail-ME" which would be yourself. Discover yourself and all things would fall in place. Any system can make money with good mm but the problem has never been and will never be the market but "YOU". Research pays big time! |
Business / Re: Forex Trading - Season 13 by dboy365: 9:20am On Mar 22, 2013 |
I'm out till next week. Happy pipping folks! |
Business / Re: Forex Trading - Season 13 by dboy365: 3:21pm On Mar 21, 2013 |
dboy365:1R lost. |
Business / Re: Forex Trading - Season 13 by dboy365: 3:08pm On Mar 21, 2013 |
endfx1:lol. Seems I might be Stopped out...if so, I'll look to buy again at 122.24-30. |
Business / Re: Forex Trading - Season 13 by dboy365: 2:57pm On Mar 21, 2013 |
naijababe: I am out of my EJ short, i wanna see a break of 122.80 before re entering.I'm long from 122.72 Sl 15pips. TP your choice but know 3 RR is easily achievable with this one. Enjoy folks |
Business / Re: Forex Trading - Season 13 by dboy365: 2:53pm On Mar 21, 2013 |
rozayx5: ROZAY SCALPER, for trader that cant swingI fit carry the ATM to my house? |
Business / Re: Forex Trading - Season 13 by dboy365: 7:41am On Mar 21, 2013 |
Piponomics:Sorry I use Tmobile. I reside in the States so I cant exactly say how it would work with MTN. Thought I saw MTN there when I was doing that then? Maybe I'd find out and get back to you! |
Business / Re: Forex Trading - Season 13 by dboy365: 7:19am On Mar 21, 2013 |
Piponomics:I have several but this one by one of my brokers' fxcm's dailyfx is the perfect one for me because I get update of news alert too few secs after the release! http://www.dailyfx.com/charts/mobile_price_alerts Hope this helps! |
Business / Re: Forex Trading - Season 13 by dboy365: 7:15am On Mar 21, 2013 |
dboy365:An example of my entry refinement for an EJ trade I just missed few hours ago: 4.2 RR already! R/S and 62% Fib Resistance at 4hr TF, 15min entry with 12pip SL risk on this EJ. Hope this helps! This is called the Noble Entry, after Vic Noble of Forexmentor! Enjoy the rest of the week.
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Business / Re: Forex Trading - Season 13 by dboy365: 6:51am On Mar 21, 2013 |
endfx1: CHFJPY....stop loss for this setup was just 16pips can you beat that? moved +100pipsKeep it up bro. My entry refinement so far allows me to risk just 6-20pips. Small risk sl, huge position size, hugh RR, less trades, more equity growth! Thats the secret! |
Business / Re: Forex Trading - Season 13 by dboy365: 6:34am On Mar 21, 2013 |
Prettywoman: 6years experience advised me my dear[b]It's all about psychology folks. IMO,6years experience should mean freeing your mind (after putting the trade at BE) and letting it hit your predefined target or better still trail till the market takes you out, which I did to grab almost 184pips (9.3 R:R) from same trade. I'm wondering why you decided to take the $350 when you could ve made almost $1400/more and even rest for the week? Why did you get carried away by the $350 profit? Was it too good to lose after your effort? or Was the $350 risk amount too much emotionally for you to lose? Not judging you, just curious to learn! Successful trading means 10-20% sticking to your system/methods rules (discipline) and 80-90% Psychology (greed/fear); its the 80% part that most experienced traders, (even me sometimes) struggle with, especially when your equity and risk amount gets large and you are looking at the $$$ value of every trade/risk amount/profit (you might ve been thinking this $350 profit is too big to lose; that must ve been some people's salary in a month...without thinking I went through hell risking $350 on this trade and I deserve the 2:1 or more RR.) Right now, I read more books on psychology than anything else.... and I'm beginning to find out you don't need many successful trades in a week to double your account. If you could focus on your a one/few pairs, refine your entries, exits and RR. then BINGO! My book picks for the week or remaining part of the month and into next month are: Super Trader by Van Tharp...http://www.4shared.com/office/2HFvP4n3/file.htm, The Inner voice of trading by Martin and the Josh Lukeman's book posted here some days back. As an example of what I did differently on that same trade (not to brag or show off oh pls), I missed my limit buy by 2.4pips when I woke up, then took a market order entry at 122.448 with SL @122.25 which was low of 4h entry bar (19.8pips), with initial TP at 123.08 (61.8 Fib retracement, S/R and pivot confluence from last week high to this week's low of price gap) given me a 3.2 RR but TP to be changed higher to 124.448 or even 125 (10 RR or more -- very unlikely given the ranging market this week) depending on news about Cyprus and FOMC. Immediately I bought at market entry which I hate doing nowadays, drawdown was almost -16, my blood was hot and rising and I was tempted like the past to take my partial loss instead of full risk amount loss (my risk capital was some $1000s) but I have learned to always risk what I could afford without any emotions attached. I was glad i did because price shot back up again after testing 122.293. What a relief! Time to manage the trade: immediately I observed the huge momentum candles on 1,2 and 4hr TF, I knew this trade would put atleast a 5:1 RR so at 2:1 RR, my trade was already moved to BE but I was already moving my SL by 3-5pips on every 10-15pips move in my favor (free sms alerts of price so I didnt have to look at the chart to avoid emotional attachment, especially seeing $1000's on your profit column). Immediately price reached my initial 123.08 TP which I had changed to 124.448 on seeing those momentum bars, I watched the retracement for momentum too but it was very choppy so I was rest assured 61.8 Fib retracement,S/R/Pivot resistance would be broken. Summary of whole gist is I trailed my SL until I made a 9.4 R:R. I'm good for the week if I dont get any trade setups again. This made up for my last week loss and my equity jumped 28.3% on this trade alone! I'm happy, not for the $$/RR made but for putting into practice what I have been reading...Super successful trading is a combination of: near perfect entry (with super low drawdown which allows smal SL and huge position size), risk the amount you can afford without any emotional attachment(let the market take you out), let your profit run or use TP1,TP2 and TP2 at predefined S/R (manage your trade--SL movement), aim for huge RR and above all, manage your fear/greed (psychology). I have decided to put my trades and comments including this post in a journal just to learn at the end of the every week and month and this has helped me a great deal. Hope this helps folks. Happy pipping! [/b] 2 Likes |
Business / Re: Forex Trading - Season 13 by dboy365: 11:35pm On Mar 17, 2013 |
Rich4god: Insta at it again... They debited my account with the gap that went against me... Only to close the winning trade, saying its a gap. Why didnt they actully say the lossing trade was a gap too. All these brokers self.funny brokers! |
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