₦airaland Forum

naijababe: My friend pls learn to jump onboard a trend even if u missed the beginning. It is a lesson i had to learn the hard way and I won't forget in a hurry.

Thanks another lesson learnt. Honestly I have missed many profitable trades as a result of this action.

endfx1: EJ possible trend change spotted...hmmmmmm BULLS be careful

I still hold profit protected accordingly....lets ride

Ride on..no going there for me today already missed it @131.xx

efe22: Looking to short NU in the close of the current hour if all things remain equal

Short NU late @0.8591

Looking to short NU in the close of the current hour if all things remain equal

[quote author=LUCAS99][/quote]I guess you are on a standard account which should give you fair deal on spreads. Well if you are among those holding from 5,$$$ to $$,$$$ or 6 to 7 digits in capital, I will strongly recommend you move to: Tradestation, Interactive Brokers, CITI fx pro.

All three are solid financially. IB and Citi offer ecn with commissions, tradestation is spread only but they don't play games. I took my time to dig this out and it goes out to all searching for sound brokers. All the best

efe22: ECad sell valid. Skipping 17 pips spread.

Anyone that traded it would have grab 40 pips

fxisreal: @ sir frenchman2 and my oga dboy$$$
this is the strategy i take eat pips on GU or EU if the price keep ranging from Asian session to London session and i call it LONDON breakout.

will just drawn line on high/low only on move during asian to london session 7am i will now be watching any brake of the line up or down, then looking for retrace back to the white line to be sure of not beeing fake out then i will join. this strategy never fail me but only work WHEN THE PRICE RANGE DURING ASIAN SESSION TO 7AM SAME DAY on 1hr tf like today move. am getting set to trade it now

Yeah very nice method (Open Range Breakout). You may read more here http://www.forexfactory.com/showthread.php?t=403563&page=6
pages 3,15, 16, 20, 23, 25, 29, 32, 35, 39,50, 52

rozayx5:
the rogues collected 12 pips

but their plan no work

Even FBS are thieves too that's why I skip many pairs with them. Anyway my micro account is nearly doubled now after 4 days with them so I can reinvest elsewhere for more reasonable capital. Newbies you can grow micro account by shunning greed

BTFormular: sell limit on EU 1.3120. sl- 1.3145 tp- 1.3060

Closed my long from 1.3080 for 45 pips. Can't wait for 1.3150. Anyway there is news ahead.

BTFormular: now is the best time to short euraud.

I will watch it closely for second sell opportunity...missed the first @1.2500

BTFormular: insta?

FBS. My mission is not yet completed and hopefully this week before going back to Hotforex. Their EU GU UJ are quite ok while others = wayo + wayo = magical spreads (manipulation).

ECad sell valid. Skipping 17 pips spread.

See what moving stop loss has caused to my EJ. Stopped out at 129.50 and continue the right direction. Time to look else where. "It is very common for a level to be retested two or even three times before price finally moves away for good. I would consider it in a situation where I entered with two units and closed one at the next level and held the other trying to make a higher level. only then I would consider it a viable strategy to go to breakeven with the second unit" The truth: breakeven or moving stop is a trade killer.

naijababe: Do you know i dont think in money now but in pips. I have configured my platform to show me pips instead of profit/loss in money.

I am elated

@Piponomics, I thank God for your safety.

@Naijababe WORD. My long from 129.16 late yesterday is still opened although not worth discussing because is a micro account and of course my first trade of the month. I deliberately skipped UJ buy too. From the look of things, jpy devaluation (manipulation) is yet to pave way for strength.

Cut frivolous spending and adopt good money management style. Not just only sports men but to every persons who wants to be financially sound through out his life time. Remember to whom much is given much is required.

One of those important thing in trading is not to make money but rather not to lose money. You don't need to trade always to meet target. Think about it.
All the best in your trading.

honeric01: For now, No because they played me some wayo with that "insurance" of a thing.

Hmm @bolded. Wanted to use them for 1 week and flee. I don't need one cent from their bonus and the like. Hope they would't do me wayo+wayo = magic on spread.

Ok. Cheers

[quote author=honeric01][/quote]Bro are you still using FBS broker?

What pair can I enjoy it best and how many pips should I be expecting a week? How many signal a day? Since this is scalping method, spread is an important factor expecially for micro account holders like me lol. Cheers


EDIT: Your last reply came why I was typing

honeric01: News is what actually drives JPY, nothing else. the earlier we understand this, the better. JPY hardly respect anything else.

You are getting it bro. Jpy are most rewarding on long term trading if you can spot the fundamentals on time and ride till the end. Otherwise all this intraday up and down 50 to 100 pips are stop hunting and good for scalping.

efe22: That's correct and the reason why I used BUT..... Not until I see a 100 to 200 pips retracement, not considering shorting which of course might be the beginning of an uptrend.

JPY am not surprised

honeric01: Bro, nothing like very true here o, i don't trust jyp o. before you say jack, you'd be seeing 120.60 in no time which is about 100 pips. so just be careful with your "very true" o.

That's correct and the reason why I used BUT..... Not until I see a 100 to 200 pips retracement, not considering shorting which of course might be the beginning of an uptrend.

honeric01: 117 calling?

Very true. But you know how the Japanese govt can be cunning. Although my method has been screaming sell sell sell since first week of last month. And 4H tf is shouting same now on Hotforex. These are still little retracement though.

infofirst: From Strat newsletter

DEMO TRADING
Here is another post from Forex Factory this month which supports my views on demo trading:
*****
Member
Member Since Feb 2013
55 Posts
If you do this "style" on demo it's 0 .
When i was on demo first time i made 1.3M from 100k ( in 1 and a half month )
Second time i made 48k from 2k ( in 1 month )
Since i'm live ( 1 month already ) , from 2k start , i have 340 !
So please don't come with strategies while you are on demo
A $1660 LOSS in ONLY a MONTH - Need any more PROOF that demo trading is
worthless?

I don't advice people do paper trading. It is totally worthless and outright BS. Newbies must practice with real money (start with as low as $10) if they are ready for forex as a biz. Each time I mention demo accounts, I always meant micro accounts especially those below $100.

Today I got a message from FBS they have reduced all micro accounts instruments spreads to 1 pip. Has anyone tried them lately? I always prefer micro accounts to demo. Hope there is no hidden agenda behind this recent developments.

learner1: This site is a real joke. No phone, emails and chat response for days now. Na when I come make money say 500$ with my time, energy and internet. I will hold my peace and wait patiently for my hard earned money. Till then

You never can know really. I started using them as demo today so whether am paid or not the bottom line is am taking it as a real account which it is in actual sense just to improve my skills. EU buy not doing bad

efe22: JPY still going down- forex don't fold up till I make mine lol

Hmm am seeing things

arthuryemi: now telling someone to make reference to a previous post wil b a bit difficult most espercially wen post numba is hidden.pls guys,bring s-14

This is not an issue bro. Are we reading novels, methods or systems here? This suppose to be an alert thread so I do not see it a problem searching previous pages . You do that in methodologies/systems threads. Try going to forexfactory and you will be shocked to hear the OP telling newbies to read the genesis of his thread spanning more than 1000 pages till date to at least grab one or two points. Funny I guess .Those lazy to read it are easily downcast not mindful of the treasure troves of informations therein.

Ijebulogic: Sadly when I see a few of the comments that follow (tribal, ignorant and abusive), I realise that it is always Man that causes problems for himself. The positives about this country far outweigh the negatives but we are a people who seem obsessed with tribal issues and sad to say, until we step above tribal sentiments, we will never progress as one country. The USA is made up of dozens of nationalities , but view themselves as American first. This "internet" generation is just as lethal and backward as the civil war generation.

You have spoken well. Igbo, Yoruba and Hausa rat race mentallity has become a torn in the flesh in this country. Nigeria will remain in vicious circle of corruption and backwardness if this demon is not exorcised from her.

Countless ghost across various institutions in Nigeria these days. Ghost workers, ghost contractors, ghost politicians, ghost colleges, ghost pensioners, and so on. I wonder how they came about. SMH.

case study: Buying AUDUSD things! @ 1.0426, SL 1.03970 TP 100PIPS

Look for nice retracement and short till the trend bends. 50 pips already.

Just my opinion though.