₦airaland Forum

abham:
Please how did you put the crossing over moving averages on mt4 if you use it on mobile or it’s only available on PC?

From ur mobile phone Mt4, click on d "f" like symbol, u will see all indicators including moving average

We may see a reversal from d diamond

Tony142:
The Arthur of rich dad, poor dad - "Robert Toru Kiyosaki" is a great man, but that does not mean all what great men says is true, no one is above mistake


What he means by the statement " investing is not risky but the investor is risky" is that going into a business without having a full knowledge of how the business works is a risk, but when u have the knowledge of how the business works, then it no longer a risk , even dangote apply this techniques



Robert kiyosaki is 100% right, but guess what? There are some business in which no matter how u study them, if u want to loss u will still loss, a good example is sport betting, tomorrow we have


Chelsea vs Man city


Can u tell us how the match will end? The ball possession? The particular minutes they will score the goals? The persons that will score the goals? The number of corners? The number of red or yellow card? Who will win? Who will score 1st? Trust me no matter how u have study football, in fact. even if u have 50yrs experience in football u can not still tell us with 100% assurance how tomorrow game will end, so for this reason I will say that Robert kiyosaki statement is not always true, but true 90% of the time






Trading is an advance gambling,

B4 saying trading is not a gambling 1st of all go and check the meaning of gambling then compare it to Forex


There was a man called Gambling he give birth to 6 children and the name of the 6 children are


1. Sport betting (gambling)
2. Casino (gambling)
3. Forex trading (gambling)
4. Binary option (gambling)
5. Cryptocurrency (gambling)
6. Lottery (gambling)



if u think Forex is not a gambling, then tell me with 100% assurance how EUR/USD will move on Monday, next week, next month, next year and the next 5yrs e.t.c

The moment u begin to pounder upon this statement of Rich Dad " investing is not risky but the investor may be risky " u will begin to see drastic changes in your trading. It doesn't come cheap, u must pay d price. For me Rich Dad is 100% correct. I rest my case.

For those that have read Rich Dad Poor Dad, Rich Dad said investing is not risky but the investor is risky. So when we apply this statement to trading FX, it therefore means that trading is not risky but the trader may be risky. This simply means a trader can trade profitably and consistently. So therefore trading is not gambling and yes trading can be highly predictable.

Elliotwaveforec:
Please, the TF of the chart, daily or 4 hours?

Daily

VlamesIffect:
Wow... See performance!

Very tight

boom99:
Lol. 2years

Wow, nice. Better than blowing up real acc

GabsonFX:
Check This Out guys! My overall goal is to place Nigeria on the map - support me on my youtube channel too, let's balance the equation with these oyibos out here in the game, dem no get two heads-------Subscribe and support me

---

I currently manage a $50,000 live account for the prop firm.
I just completed their $200,000 challenge and will be moved to the verification stage before Thursday.
Once I complete the $200,000 verification stage, I will be starting a $150,000 challenge.

This will make a single $400,000 live trading account which I will be managing by next month end, it is a 70-30% profit split....See the topics I created in the picture below, their links are on my bio....see the disclaimer too.

Congrats bro.
Have already supported u by subscribing

Nice breakout

We should all know this

Donvic4u:
Depends on the type of trader ....

, u are correct. Am a swing trader

blackman007:
My bosses and colleagues in the house, I have a question, what if you move your stops to break even, price hits you at break even and continue in your direction will you jump in again or let go of the trade?? I need as many answers, inputs, and ideas as possible.....

Break Even should be placed only when price is in serious profit, then u either trail ur stop or set target price

Bear bias

Happy new year

Bear bias, support turn Resistance

Nice break from bear flag

kkins25:
So after being kicked out of the Xmas Contest, i have done some analysis of myself and have pinpointed the reasons for blowing half my account.

1) Too many charts: In terms of Focus, my eggs were spread through too many baskets. Making them insignificant. Since am still a juvenile trader, ive decided to follow just a few charts and trade just one at a time.

2) Falling for the Big Banks: i usually get stopped out just before the trade went my direction. when i was trading my plan, i didn't not factor in the fact that i was in battle with geniuses who knew exactly where i might put my SL...

3) Time frame beats Trading Plan: i was trading on the H1 TF. I Didn't factor-in the condition of the market on the short term. i was intra-day trading but was taking the contest of the overall market structure whiles ignoring the context of the immediate market conditions. so my mistake was making plans for the Long-run instead of the short term. Meaning even though my trading plans were OK for the long term, my small account size and position of entry/SL were not fit for the long run. hence making my SL an easy target for the big banks...

4) No patient to wait for favorable market entry conditions: when i missed a particular entry signal, i still enter with high odds of a ridiculous RRR, making my losses even more large. i should have waited for the market to provide another opportunity..

5) Reversal trading, an easy way to lose money: Reversals are the Big Banks deadliest weapon. it is way easier to SL hunt when the market is about to reverse or pretending to reverse. i lost the most when i was trading reversals.

6) Market moves in three direction not two: i often forget that the market can not only go bullish or bearish but also range-ish.

7) there is only good and bad execution, leave Hope out of it: Hope is a double edged sword with the edge facing you being the most deadly. When the market says 'A', make adjustments and plans for 'A' Dont Hope for 'B'.

Everybody knows about resistance and support, but no one knows which is legit except the Big Banks. No wonder 90% of traders loose money.

9) Finally, "THINKING BIG IS BEING GREEDY": Dont try to take from the more from the market than what it can give.

10) finally! finally!!, Think like the big banks not a Trader. Because at the end of it all, it is those that understand how the big banks operate that would be successful traders..

DON'T EVER FORGET NO6, TRADERS OFTEN LOOSE MONEY DURING RANGE PERIODS.

Nice short entry

businessnoni:
I want to commend all of you here. I have been following this thread since around 2016...or earlier. I have seen traders come and go. The likes of Jline, Pipbasketing, Currentprice, Priceaction, Unclenna(something like that), the yolda... and a whole lot of more. Most have been a great traders and tutours( especially). Just wanna thank you all for your sacrifices... especially the policing unit led by Pipbasketing and Freshshizzy(can't remember the spelling o... forgive my olodoness). I breeze in sometimes and I see sanitation going on for days. You guys have kept here alive.

Let me also congratulate the current crop of alert guys. I noticed most have become more disciplined and have longer term outlooks with short term executions(the real key to success).

I'm not a regular here. I'm not even a professional yet but I can tell newbies... you can learn from here. Just know where to look but more importantly, spend your data watching live markets, make your projections and test them on a demo. When they fail, find out why and learn. Don't forget to cut losses as quickly as possible. Hoping for a trade to turn around is deadlier than being wrong in Forex... but more deadlier is Ego. Trying to tell the market that you are right. It doesn't end well. Always remember, the guys that make the market are more sophisticated, better capitalized and infinitely more informed than anyone else.They aim to frustrate emotions and exploit your greed. They try as well as possible to make price look as random and organized as possible at the same time. It is mind blowing. You need a cool head and your own rules to be able to play their game.

Gonna stop... before someone thinks that I am a Guru. I am not. I am learning... just wanted to encourage us to keep the current state of the trade. I have seen great calls lately. So I felt it was time I contributed something to the space that have helped me. I am still building myself. Hopefully, I will be able to start posting price alert soon...as I want people to gain and not make losses. While I continue to build myself, I will go back to peeping from the sidelines.

2020 will eventually end well.

Don't just peep, contribute d little u know, we may learn from u too

Bull bias

Bear flag inside a bullish flag, am bear bias for now

hidhrhis:
bro if u enter from that point what wil l be ur idle stop loss to use

1.33138, just above yesterday's candle high. I swing trade, so my SL is always high

Bear bias

Some just read but without comprehension skills

Nawa ooo hmmm

WallStreetfx:
USDJPy buy loading.

My bias is sell, I feel that support will be broken, when it breaks we would see 101.***

Pipsbasketings:
I swing too on D1, it amounts to a trend on H1, and here is my EA analysis on H1. I will move my SL to 1.67188 (80.0 pips)

D1 swing analysis as viewed on H1 using trends.

OK, I see

Pipsbasketings:
What TF are you viewing from?

Daily, I swing trade

Pipsbasketings:
I entered EA about 7hrs ago, this trade will last another 4-8days. As long as my SL is not hit, one or two candles going opposite do not mean an entry is a failure, let's get it right.

Why did u sell EA, my bias is buy

Let price be d judge

Bornfool:
If it breaks, do you wait for a retest?

Yes to see how it would react at d support, or wait for more price action to confirm a buy

Pipsbasketings:
Haaaa, sell? now I get what you see. I would imagine that it would take few more days for price to reach that support. What I immediately see here is that the support has already been tested; hence, to swing this trade, you follow the current and immediate trend (long) with your appropriate SL and TP. @Bornfool has not mentioned what he sees.

I see a round top forming, most likely price will fall, but I can only enter when price breaks below the support 0.8925. My bias is still sell, until I see more price action to the up side to confirm a buy