EmmanuelVi's Posts
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infofirst:Lols...Me I no fit get strength for fight oo😇😊 The guy @donsheddy is really good and I actually like him, his approach. |
XAUTrader4L2:There! At the bolded, you just made my point count. How did you know there was a bull market before, what constituted the bull market? That's where you get your details. As TA traders, we use past price action to speculate on future price movements. That's my whole point. |
Donsheddy:Man this big bosses don chop me finish on top your matter oo, abeg no vex oo, help me beg them too oo, we just dey rub each other back for here nii oo, no bad belle at all lols. Your journal is clean and well detailed trader, enjoy you profits. |
Galleryeasy:mmm..*sighs*...did even read any of my other comments or did you just come right out to throw a diss at me? I don't even see where the guy in person mentioned that I "keep" attacking him (as you say). I wonder who is throwing shades now. |
XAUTrader4L2:Yeah alright, "rhyme". Rhymes enough to be recognised and tied to a similar pattern right? So that's the history for me. I believe that's why you don't change your strategy every single time, cos, you're acticipating a repeat of what happened the last time. Mark Twain was never a trader mind you, he was of the Academic world, you and I both know the MARKET is an entirely different setting. |
kendoschurrle:Noted. Trying to do that now, but biko wetin you want make I observe? |
infofirst:Oh no no no! You've got me wrong Sir, I do give him a pat on the back when he takes a good call (check again, for real), I don't attack anyone who drops trade calls here, haba I how draining that is naw😲 The only thing I was disputing was him using the emotion: 'HOPE' in his trade (according to him), I wasn't actually attacking his call, NO. Last I questioned his call was on an instrument I was equally watching and on the same TMF so I spoke up because even though he took the right direction, I felt he entered to fast (he did got taken out), then he entered again, this time at good level, I was happy about this and when he took profit, I congratulated him. The trade call of today, I was just wondering why his bias changed, cos I wasn't seeing any reason on my own, then I saw the word 'HOPE', and I felt this would simply make him give back his money to the markets. Understand I'm not undermining him in any way as a trader, if anything, I want him to be even better, that's what we doing here right? I'm not hating, no. I actually like the guy cos he's trading a TMF I'm familiar with, and a lot of times I've noticed he goes with the market's flow. If you notice, I hardly respond to others person's trade calls apart from @peteregwu whom my approach blends with. Yet still, I'm human and bound to err, so to any trader here who feels attacked by me through my writeups, this was never intention, and I'm sorry. To those whom I might make feel that way going forward, I'm sorry in advance...lols😂😂 |
Donsheddy:Aah! Bro, there are a lot of things to do to stack the odds in your favour, some of these goes back to the very building blocks of Technical Analysis itself; 1. Markets move in TRENDS. that's the most crucial! 2. Markets are FRACTAL in nature. This means that these TRENDS are multiple, and of varying degrees, but all still being the same in nature. Understand this and you'd understand that each degree of trend exerts a force on another degree of trend weaker than itself(this is nature), so you must respect each trend in it's own right. 3. HISTORY REPEATS itself. Meaning that these TRENDS are always in motion till infinity, never stopping. Newton's First law of Motion. This is why there will always be another setup coming. Having grasp of these knowledge and how to use them effectively means me stacking the odds in my favour. Applying the concepts come down to; 1. Trading with the TREND, this can be any of the countless trends always available. Now when you've chosen one to trade with check for a higher degree of trend that is immediately stronger than the one you're actually trading, recognise it's boundaries and respect them (this is MULTIPLE TIMEFRAME ANALYSIS) 2. Trade with support and resistance. These are the boundaries of both the trend you're trading and those of the higher degree trend you've got to respect. Don't let your targets violate the bigger trend's convenience. These are but just the foundations, there are many other variables, including those of your Psychology as a trader, which you have to train yourself in, personally. When you've got all those put together, it defines your trader's EDGE in the markets; now that's you stacking MOST odds in your favour. We recognise that there are still more variables present in the markets which we've got no idea about (if we did, we'd have been as gods in the markets and there would never be losses), and that's why you would still be wrong sometimes, but knowing you've got the EDGE, you'd be at peace even with the markets. |
Chai, if GOLD was to take a walk through FTA NL, see all these allegations wey dey im head ehn, that commodity for weep...lols.😂😂 |
Donsheddy:Well, I think it's fair, but for me, I rather stack the odds in my favour, then let it go however it wants. |
peteregwu:Very risky bro, considering the correlatiin between the Kiwi and the Aussie. Modified; just saw you registered a 40pip loss. I'm avoiding shorts on the Kiwi for now because there's strong correlatory movement between the Aussie and the Kiwi, and the Aussie recently took out my Weekly resistance level on a daily closing basis to indicate bullish momentum and if the week closes above the level, it would confirm the change of Weekly direction to the Longs. As for NZDUSD, I'm expecting same line of action. |
Donsheddy:"Hope is only a bogus emotion that cost's you money". |
Feshizzy:Jah Bless Ya! |
congratulations @greatcheer and goodluck on your funded challenge. |
Donsheddy:That's beautiful, welldone. |
Donsheddy:I think it's a good idea, since you've a Weekly resistance turned support level (1.2631) to back you up and overall, the Daily is still holding longs; so you're good for a little catch. Modified; maybe not upto your target though, since you're not swinging. |
peteregwu:Yeah I see the big bullish candle, tough luck man. The pair has now broken past the top of the multiple inside day bars and past the Weekly resistance; now I'm willing to buy the Daily. |
Emmizay12:Hmm...okay, I get your investment portfolio 'thing' now, sorry I misunderstood you earlier, but what's with the hard tackles na😊 Now how does "hiding behind discipline and emotional 'whatever' to hide behind your pain for losses" relate to me hating to lose or "big Grammer on Nairaland FTA"? come on man you don't even know me in the first place, so what's with the attitude? Yeah I do take losses too and believe me nobody likes that, but I don't let that mess me up because it was anticipated in the first place and I've come to trust my technique, that it'll definitely present profitable opportunities sooner or later. Is that now a bad thing to you?😕 Your jabs at me have no substance buddy. |
OfficialP:Right! I'm looking to short the Aussie because on the Monthly Aussie is still down and Weekly still holds same bias even though it has gained tremendously the past few weeks, so I'm looking to go short Aussie on the Weekly if I spot a Weekly rejection at the close of the week right at the 0.6770 Weekly resistance level. My bearish bias on the Weekly will only be negated if price takes out the 0.6817 high (a lower high). For the USD shorts, that is currently happening on the Daily TMF (short USDCHF), so I'm not just speaking about one time frame here. In the near term, I'm shorting the USD against the Swiss Franc and the British Pound, but on the longer term, I want to short the Aussie and The Kiwi as against the USD. ~I really wish I could post charts but NL nor gree! |
OfficialP:We're seeing it already broda. |
chim14:Like I said... EmmanuelVi: |
chim14:Hmm...this longterm trader that is checking his charts every single minutes... Okay you made me look at Aussie and I see it at the 0.6784 level (still within Weekly resistance), and my bias still holds shorts! So what have you got to prove to me? Now since you feeling like the guru you claim you're and you so dieingly want to prove yourself to me, upload a snapshot of your live trade on the Aussie with your entry order, SL and TP (in chart oo) on your MT platform. This is me pointing you out for the FRAUD that you are! |
dmahn:Yes, I absolutely agree with your trade although, my TP order is at the swing low level there (0.8983). |
Emmizay12:You see Sir, this goes to show the naivety of most traders about swing trading, no offence. When you say someone made a hundred grand trading the M5 chart, how much was his base capital? Second, if the said trader was over leveraging, do you think that amount of profit would have been sustained overtime? There's no approach to trading that has more discipline instilled in a trader than swing trading and position trading; quote me on that! Then you talk about garnering a portfolio in Shares and Cash CFDs because you suppose it would pullout more profits faster than swing trading could, well I laugh at this, cos this is ignorance speaking, again, no offence. As swing traders we can more risks without being necessarily emotional about any trade, because we know we get into the market at the right time, most of the time! For instance, I risk 5% of my account on each trade on my trading account and this gives me room to pullout a 30-50% profit from the markets each month, with no stress! All I do is analyse the instruments I trade on the weekends while the markets are closed, then wait till market closes at 5pm NYT on trading days, then I go scan my charts for tradeable setups at specific levels already marked out during the weekends, if there's any I place my limit orders (most of the time), or I enter at market's price depending on my chosen RRR. I then shut off my charts and get a peaceful sleep, I open my charts again the following day around same 5pm NYT. Same timing, same process, same approach, time and time again and this is why swing traders always say "trading is boring". I keep doing this and I keep getting same result, that's consistency, doing very simple things! I learnt the hard way, but when I finally learnt, I got my peace of mind. |
peteregwu:I'd be willing to bank on that trade with you, but I had no trigger to enter myself (I don't use the blind entry method), so I'd be hopping on USDCHF instead. |
HumbleTrader:I'm also on the competition and I'm a very devoted swing trader, there's no better feeling in the markets than taking a trade and being at peace with it, no stressing or worrying about the outcome. Which one is "dark side" again? |
Immortal99:That kind of swing on CADJPY would typically take 9 weeks give or take to play out. That's not too long naw, it'd just be like you getting paid a salary with no stress. |
nzechu:I can swear that I've never heard of such a pair ever😁😂 GBPUSD is still headed up, from my POV though. |
peteregwu:I see a paradox on that pair. Price is currently playing about the 104.5 Weekly resistance area where I've also been looking to go short on the Daily, but the past two trading days had closed as inside days without any of the recent highs or lows being breached, even today also appears it would close as yet another inside day. So since there's no clear direction at the moment, cos the Weekly level could push price either ways, I'm waiting for one of the inside day bar's low to be broken without taking out it's high; only then would I go short. |
Second trade setup... NZDUSD rallied to the Weekly level of resistance 0.6126 on Friday last week. Today I want to see the instrument close the day as a rejection at that same level, and I would be shorting the Kiwi down to the major Daily swing low (a lower low), 0.5985. |
chim14:Just like I had earlier said... EmmanuelVi:Dey play! |
chim14: |