₦airaland Forum

"Participants must meet a minimum trading requirement of 5 trading days".

Can someone pls explain the above statement for me?

pristinee:
I personally think it's best to leave Gold alone for now. Either Long or Short.

.

I will do what ever my trading system tells me to do. If I see a long opportunity next week I am longing. I should even be on the long trade currently if not for a 203pips long spike striking me out

Xau finally closed beyond the $2000 level in the H1 timeframe. Na to dey find long opportunities next week be that.

Geovanni412:
Ranging is common around key levels on the monthly

If you believe it pumps, no fear and buy again....i am planning to re-enter Xau around 1989 if it hits there before 9pm

I also plan on re entering but that after Powell's speech!

Lol Gold is madd!!!
Took a buy trade on xau yesterday, checked the trade at around 3pm today in the afternoon and found out I was running in 203 pips profit, I then decided to break even only to check my chart now and see I got stopped out at breakeven. That means GOLD moved 203pips back to strike my SL what sort of sorcery is this

geedot:
If you are really asking this question, I don't think you are really ready to manage a prop account profitably. Maybe you should just fund a personal cent account instead.

Pls can you give me some list of brokers that offer cent account thanks.

EASYLIFE4US:
In Forex, for every 75 pips profit, what should my stop loss be?

I don’t use Stop Loss in my trades - haven’t used them since 2009 when I realized that there was stop loss hunting going on.

What I did was study my charts and try and place my trades in places where the market will move in my favor after a small drawdown.

I spent most of my time studying the candlesticks. It was the best investment i have ever made. They do tell you a lot about what is going on in the market and what to expect later.

But when I started trading , i used to place 30 pip stops and it gets hit everytime. Sometimes it gets hit, then the market continues to the direction that I thought it would go. That used to annoy me alot.

The market fluctuates and I see that most traders place their trades right in the middle of the trend. It is not because they wanted to , it is because that is what technical indicators do. Technical indicators are lagging indicators, by the time they indicate to you that it is time to place your trade, it is already too late…and it puts you right in the middle of uncertainity ( the middle of the trend) where the market tends to whipsaw alot and cut alot of traders out.

Therefore, no matter how much stop loss you place, you will still lose because you are right in the middle of the action. If you place your trades somewhere close to the top of a downtrend or somewhere close to the bottom of an uptrend, you will be safe from all those whipsaws. While other traders are on red alert and running around like a headless chicken trying to figure out why they have been cut off, you will just be riding the waves until the trend dies.

But, if you still want to place a stoploss after all that i have said - place a 200 pip stop. That is the only way you can make it out of there.

The advise above is from a trader that is consistent and profitable.🙏

200pips SL is ridiculously huge,what about your RR? For me risk management and very good RR is what keeping my account in the positive despite the fact my loss is more than my wins.
I think this is common when you have a tight SL,when I set SLs I try to give room for price to breath so most times when i get taken out price would go the opposite direction.but what do I know??

charly20:
Oh, the dxy is for Euro, my man.

Attached in the images below is how I use ukoil to track Usoil's price.

It is divergence just like what RSI does but instead of an RSI indicator a known pair/asset is used to track relative strength.

Dxy and GU serve the same function for EU.

. Ohhh! Thanks bro.

charly20:
Hello,
In order for me to get a good grasp of swing trading, I started out with as much pairs as possible. The point was not to "understand the pair" but to understand what swing trading felt like. With more pairs at one's disposal, the higher the frequency of setups one experiments with.

However, as I continue to improve with my little understanding of the trading style, I have reduced my trading pairs to just 2.

Attached is what my watchlist looks like.

Hello bro, I also trade usoil, uhm you might sharing how you use ukoil or dxy as an indicator for usoil?

Elliotwaveforec:
After trading US30, gold and currencies come be like snail.

USOIL nko?

Achemz:
Omo, swing trade is not for the faint hearted ooo, see me feeling very upset with this heavy retracement. Whatever it's I'm not going to close this one manually, either SL or TP

Swears bro! Try locking in some profit when market moves a certain percentage to your favour. Been holding buy for usoil since last week,Although I got a boost by the gap, I trust my system and have locked some profit so it either I win or win

Why didn't nfp affect usoil?

Emperordynasty:
Alright bro, glad you getting yourself back

I can tutor you on WhatsApp on the basics for a small fee if you are interested

It been 4years since I have drawn on paper! I really have gotten to the bottomless pit!

So uhm i want to take my art to the next level and start drawing on computers so i would like anyone to recomend some manga art software for beginners(clip studio paint seems intimidating). Has any one used medibang or krita? Is it ok to learn with before moving to clip studio.

By this tme next year i will be very good at this though i intend to use clip studio paint ex or pro(any one i can afford). I am sorry if this disrupt your thread but i honestly adore your work. Also have you considered going to upwork?

LordPauling:
If u have funds check out other medical schools that have accreditation and their form isn't out yet it will save u in many ways considering ASUU strike and other things (if u have funds cause those schools their fees alone is around 400k range) but anyway I wish u good luck in whatever u do �

I have been thinking of esut since it very close to my village but the fees

LordPauling:
Last year jamb was very poor though I got 287 and I had to work hard in the post utme where I got 333 . As for ur score just try it out sha but there isn't much chance u might get it cause people really scored high in this year's jamb. If u have funds try and check out other medical schools like esut or EBSU there is even another medical school that came out newly in ebonyi state but the school hasn't gotten accreditation. By the way which state are u from let me calculate something . �

Enugu state sir.

LordPauling:
hello bro I am a first year medical student at UNN hope I am welcome

Hi sir, pls what jamb and post utme score did you use to get in and do you think 252 will give me medicine at unn or I should debunk writing unn's post utme and try to read harder for next year's jamb?

Link not working!

seanwilliam:
for your mind now u don chop free 20$

Lol I am a newbie I this, "e dey sweet me but I [/[i]i]no go lose gaurd"

Hi, so I completed my verification on binance and was rewarded with 20usdt cashbacks voucher, I tried to redeem it but it keeps asking for a code..

Anyone care to explain?

seanwilliam:
I wish you good luck. But I still maintain my stand that you should only trade cryptocurrency out of surplus . And don’t chase your loss ..
Who knows you might be the next Sam Bankman-Fried

So I won't feel it even if I experience loss! Thanks for your input sir (I understand now)

Bmaster:
u just want to start at the wrong time.
If you buy usdt now,never ever ever convert it to other coins for now bcoz a great dip is coming,lest you'll catch a falling knifr

I don't understand ooo
But I will take it as you want me to calm down for now!. Thanks for your input sir!!!

seanwilliam:
regardless trade crypto out of ‘surplus’ not out of your savings. Dem no Dey use money for food trade crypto . So wait till you’re comfortable, opportunity no Dey finish for this space . But If you do strong head, you ‘might ‘ live regret it.. na the currency wey I get I give you so .

I think you missunderstand sir,
When I stated "I have been saving this for a while" it was towards getting a new phone i.e it comes from the daily allowance my parent give me and it totally different from what I earn at work( I plan on using 5k from my monthly salary to start).

Yungbliss:
Welcome to the world of weeping?

Am a month trader now, and have lost about 150usdt mostly from liquidation. I don't know anything about Futures, cus am using Margin for day trading.

This is what I do, set daily percent target on each day. 1percent is enough.

Be disciplined and do not be greedy.

See it as a part time business not a job.

Don't stay long in the market, because it is always unpredictable.

Sell when it's become more bearish.

Stick to popular coins

Thank you very much sir!
I have started an online class for this with the hope of becoming equipped for this(experience will still be needed so I would probably use this thread to communicate with the gurus for more guidance).


Also, I noticed(reading this thread from the beginning page) that most people invest 100 to 200k for this, I am a student (just finished ss3) and I don't have access to such amount.....so is starting with 5k to small, Is it wise to put it to tether or litecoin(it seems Bitcoin and etherium are at the high price).

2. My phone won't install binance(for reasons still unknown to me) so which do you think is safe quidax or opera mini crypto browser or I should just wait and get a better phone(I have been saving for a while for this).

Yungbliss:
Welcome to the world of weeping?

Am a month trader now, and have lost about 150usdt mostly from liquidation. I don't know anything about Futures, cus am using Margin for day trading.

This is what I do, set daily percent target on each day. 1percent is enough.

Be disciplined and do not be greedy.

See it as a part time business not a job.

Don't stay long in the market, because it is always unpredictable.

Sell when it's become more bearish.

Stick to popular coins

Thank you very much sir!
I have started an online class for this with the hope of becoming equipped for this(experience will still be needed so I would probably use this thread to communicate with the gurus for more guidance).


Also, I noticed(reading this thread from the beginning page) that most people invest 100 to 200k for this, I am a student (just finished ss3) and I don't have access to such amount.....so is starting with 5k to small, Is it wise to put it to tether or litecoin(it seems Bitcoin and etherium are at the high price).

Geovanni412:
Trading futures - follow solheilpko's tutorials on youtube. He explains everything you need to know about futures trading. He has videos on risk mgmt sef. To learn trading, You need to learn trading psychology, risk mgmt and have an actual trading strategy based on support and resistance. That's all you need. You can find this info on youtube free or you can read books. After this , you MUST practice like crazy till you find out what works and what doesn't . Read these books:
1.Three lines forecasting price action by R. Rana, -- get it on libgen.is
2.Trading in the zone by Mark Douglas -- get it from libgen.is
3. Phil Gangluff's smart money forex trading method - search for it on Google.

You can use the knowledge from the books to develop a trading strategy for yourself. There are a lot of other minor concepts like using multiple timeframes to get entries and exits ,knowing when to trade --London session and New York session, knowing if indicators work for your strategy, which indicators to use , backtesting. Alternatively, you can use youtube channels to learn a strategy and test it for yourself. As for paid courses, you can buy Dapo willis fx course for $100-- whatever strategy that can work on fx will work on btc.

https://www.youtube.com/watch?v=4gh8JQyFELY&ab_channel=SoheilPKO

Thank you very much sir. Pls is the quidax app okay for this(crypto trading that is).

Hi. So i have decided to go into crypto trading(i have withnessed people lose and win. Mostly loses due to btc eth e.t.c liquidity and volatility so i know what i am getting my self to).
I also realised there are many things i need to learn before starting so does any one know any course(free or not) online i can take to be equiped for this?.

onwumereoluebub:
. Pls does anyone know what i can do. Please i need help

I don't really have anything to say 'BUT' if I were in your shoes I would go to the CBT centre(the one you did your change of institution) for directions on what to do!
They probably are more experienced in stuffs like this don't you think?