₦airaland Forum

randomShek:
Donsheddy is right. News only brings in volatility.



Lol no. With few exceptions (nobody owns the market after all), any trade where the market goes the opposite direction to your bias was probably a less informed decision. Again, as Donsheddy said, go back to the charts and study the moves. The big spikes in both directions seldomly happen.



They are less informed, it’s that simple. A common SMC mantra is if you can’t spot the liquidity then you’re the liquidity. That’s why we get spikes to take out the early birds (also known as inducement)

Factors that cause majority to lose are mostly the trader’s fault. Common examples are forcing trade setups, not checking the HTF to get the bigger picture, overleveraging, running after price after the impulse move and not putting their SLs at invalidation areas.

I was almost a victim of the last factor today - FUD would have made me execute a 1:5 RR (image 1) that should have been a sweet 1:3 RR (image 2). I stayed out altogether though since I didn’t want to get slipped by the broker.

This brings me to reason beyond the trader’s control - slippage from the broker causing SLs to be hit by spread or orders to be executed at the wrong price.

G30fx:
I think one should try to study the chart well because if you get acquainted with the chart i don't think you need any news to trade FX all you need is to train yourself to be comfortable with staying idle waiting for the right charts formation. My personal opinion though

Cashhy11:
We are saying the same thing, but just in a different way. Waiting it out in my post meant, not being in a trade before news, or immediately after news. Waiting it out to me means waiting for maybe few 1hr candles closures.

And about news fuelling it to do what it wants to do is fallacy my brother. News can change direction to anywhere even though technicals is screaming the opposite. If News is fuelling market to do what it wants to do, why are majority losing then? Why are swing traders having lesser win %?

If news fuels the market to do what it wants to do based on Technical Analysis, swing traders should be winning all their trades.

Cashhy11:
News trading has mostly been more of a guess trading than actual trading. News mostly f.cks Technical Analysis up and you see stupid spike here and there. Isn't it just better to wait it out instead?

Making same mistakes like someone that started trading just few weeks ago won't do us good. It will just stall the progress instead.

Donsheddy:
Sell gold


Entry 2336
Sl 2342
Tp 2330


Rre 1:1

Donsheddy:
Sell gold


Entry 2336
Sl 2342
Tp 2330


Rre 1:1

rhynoemmie:
Wetin u see boss🤣🤣

Donsheddy:
Gap filled....

Time to buy gbpusd and gold.....

Gold buy order sitting at 2350 100 pips profit

G buy order 26350 30 pips profit

samfelly:
Gold Bears: And that's how we do it, people. London bridge ought to fall, today

GabsonFX2:
CPI in 22mins

On H1, I have placed a sell limit order at 2355, attached, hopefully CPI triggers it. If price gets close 10pips ish, I will enter sell manually and close the order. If none, I will let go of her and return to H4 to wait for her for a swing short.

GabsonFX2:
Haaa

Don't forget that the daily DD is also 5%, what if I hit DD, na so I lost the profits and the account be dat.

Thank you elder sam

GabsonFX2:
Congratulations, you deserve it; keep it coming, your persistence in this biz is unmatched!

samfelly:
Actually, was not sure if Bulls will continue smacking the Bears - since everyone is expecting that Short to creep in

GabsonFX2:
$100K Fundednext Funded Account ($10K Profits Achieved, all trading activities halted until May 1st)

---

I remember this post made on 8th of April about meeting this target of $7K. Then I saw the opportunity on gold skyrocketing; to me, I see this as an opportunity to scalp short only.

Profit = $10,046
Profit share = $8,036
15% of challenge profits (since 5% profits is met) = $1950
Challenge fee refund = $530 ish
Total = $10,516

End of trading cycle = May 1st

#Steadymotivationasalways

dmahn:
Boss where did you get ur cpi news from.. Is my forexfactory missing something àbi wetin dey occur

Donsheddy:
Monday

Gold 50 pips

Gu 10 pips

PIPSMARSHALL:
I cannot stop posting about what I do, maybe i will post live trade setup with my business content.

So u wont think i came fishing for client. I'm here to add value to others