₦airaland Forum

geedot:
More than 1hr after entry, yet price keep stalling at the zone. Chances of this trade working out to me seems even smaller than a 50%. So closing at a tiny loss seems like the better option.

The coin later melt as anticipated, but not after it would have stopped me out if I didn't close the trade

Yes, true love can survive without money. True love in this context is the love your parent have for you. You don't need to do anything to be loved, even if you are a hardened criminal, you'd still be loved nonetheless. Though, there are some exemptions, but most of the time, parental love is unconditional love.

But you see the true love from a total stranger(woman) without money only happens in movies, story books. They might love you at first genuinely, but it has expiry date. The monent you're running out of the timeline they had hoped you'd have made it, and you still haven't. They will be gone.

Men are loved by women because of what they can do. And if you fail to do what they had expected of you, your imaginary love and respect you thought they had for you will be gone.

Don't blame women, that's just who they are. The kind of love a man want from his woman, a woman is incapable of giving him.

geedot:
A random outlook on Bitcoin

More than 1hr after entry, yet price keep stalling at the zone. Chances of this trade working out to me seems even smaller than a 50%. So closing at a tiny loss seems like the better option.

A random outlook on Bitcoin

LincolnOnyeabor:
How does one see Volume on Forex pairs anf Deriv Synthetic Indices please??
Good day to you

Synthetic doesn't have volume, it's like binary option. Something that doesn't get affected by news, weekends trading etc.

You just have to trade it as it is, and use whatever TA strategy that works with it, synthetic indices is not really in the real traders league.

Once again, there's no real volume in forex as there's no central exchange for it. So whatever volume you see on it are just tick volumes, i.e: transaction counters. Even the counters varies accross brokers, i.e Binance tick counters on a particular candle will be different from Coinbase's slightly.

These transaction counters only count the aggressive side of the market, i.e, if I set a sell limit order on(since we are on a crypto thread) BtcUsdt @ 100,000 for example, if my order gets activated, it won't register on the tick volume as a sell order, but instead as a buy order. Because whomever taking the other side of my trade did so by clicking buy order, so his/her order gets registered as buy instead of mine because I didn't sell but waited for my price to be filled

Why? The tick volume on any trading chart only register aggressive market order(whom the crypto world refer to as the taker) i.e those selling or buying on the go and not those using a limit order which in the crypto world are referred to as maker.

Since we know what the aggressive market participants are doing, this becomes an edge. For example: when you see a strong buying on the delta but price is not moving, this is a clue there are dense passive sell orders eating and chewing up all the aggressive buys and sooner rather than later, when the buyers volume starts decreasing on the delta, price will fall.

This is a very extensive study on it's own, and typing long epistles is not really my thang. Anyone interested in knowing more can read more on it.

I don't trade crypto apart from BtcUsd I trade on my prop account on MT5, I only trade forex pairs and tick volume is what I use on a daily basis 24/7.

Read more on it Linc if you're really interested in threading this path, you won't regret it. It might take months, even years, but it will be worth it at the end. At least you have an idea what you'd be searching for on google.

geedot:
With all these buys not pushing price as it should. I would close this because I don't expect price to just stall for more than an hour.

As you can see, the buyers were later plummeted. But they didn't go down without a fight. They did 1.5×R before being smacked down. The point is I saw it already even before it happened.

We are approaching a new year, if whatever method you trade with all these while haven't been working yet, maybe you should try learning interpreting volume in relation with price action.

This is the last time I will ever talk about how I trade on this thread, person wey wan learn wey ready go don dey plus 1 + 1 by now, if not 🤐🤐🤐🤐🤐🤐.

Happy new year in advance bosses.

geedot:
Price has entered this dense order zone, and all the selling volume has dried off, and no one is really interested selling anymore, it only means one thing. Price is about to rally up as expected to find more sellers.

This zone is where one would expect buyers to step in, with no one or very little people interested in selling, the buys at this zone should absorb the remnant sell orders and shoot to the upside.

With all these buys not pushing price as it should. I would close this because I don't expect price to just stall for more than an hour.

Price has entered this dense order zone, and all the selling volume has dried off, and no one is really interested selling anymore, it only means one thing. Price is about to rally up as expected to find more sellers.

This zone is where one would expect buyers to step in, with no one or very little people interested in selling, the buys at this zone should absorb the remnant sell orders and shoot to the upside.

geedot:
The call has done more than ×1R, so if I was in this trade, this is where I breakeven and let the rest head to takeprofit or stop me out at BE.

It's just how I trade, I believe it's stupidity to lose on a trade that had initially made 100% of your initial risk.

And that was it, alert popped that the TP has been breached. Total of 2.64×R. I won't be too surprised seeing price rally up from this zone back to the upside as these sell off are not new sell orders hitting the market but instead it's the stoplosses of the longs being hit that's causing these sluggish sell off.

Once again, volume preceeds price and that's what makes it the one of the best, if not the best indicator to add to one's toolkit.
It doesn't matter what instrument it is, be it stocks, indices, crypto or forex, they are all charts and orderflow/volume is what moves them. Volume plays a huge role in seeing the charts clearly.

geedot:
A random outlook on Solana/Bitcoin using volume profile to mark up zones and watch dominant volume dry off to signal a reversal.

The call has done more than ×1R, so if I was in this trade, this is where I breakeven and let the rest head to takeprofit or stop me out at BE.

It's just how I trade, I believe it's stupidity to lose on a trade that had initially made 100% of your initial risk.

A random outlook on Solana/Bitcoin using volume profile to mark up zones and watch dominant volume dry off to signal a reversal.

SINisSIN:
Baba, crypto trading is far from what many people think. You can have the best trading strategies and tools yet still fall victim to market manipulations by the big players.

Who do you think you're trading against? The charts, volumes, or patterns?

While you're lying in bed analyzing BTC movements, the big money players and institutions are in their exclusive groups, strategizing. They pump a coin to a certain volume, take their profits, crash the coin, and re-enter at a lower price.

Ultimately, crypto trading is more about psychological tactics than just technical analysis.

Whatever their activity is, you would see it in the volume. That's the whole point of this and emphasis on the importance of knowing how to really read and interpret volume.

And even if you fall victim once and win thrice, are you still not in profit? No strategy wins forever but having more wins than losses is the ultimate goal. Knowing how to read volume can increase the odds in your favour.

iLegendd:
In preparation for my article, I wanted to see what others are saying about volume, so I went down the rabbit hole to pick their brains and before I knew it, I was deep into more than 100 videos, some short, a couple too long, but still watched them with x2 speed.

There was a recurring theme and that is, volume is the best. Mastering it gives you an edge.

In the comment sections, everyone was saying the same that the moment they paid attention to volume, their game changed.

One line I kept hearing was: They can manipulate price 90% of the time, but with volume, they can try, but can't do up to 10% damage to it.

If there's anyone still not profitable yet with whatever method he/she has been trading with. It's high time the person stopped and focus on how to read and translate volume.

But it's only tick volumes, yeah we know. But it can be translated and use to create an edge.

Note: Volume profile is almost useless when looked into alone, but the real edge of volume comes from how price action is reacting to the volume behind it.

Orderflow/Volume preceeds price if by some milliseconds, which can't be said for other indicators which are mostly lagging because they are behind price.
Most other indicators are lagging because they are using price to predict price which is almost impossible in the maths world. You can't predict a variable by using the same variable

The whole point of mathematics is to use some constant variables to predict another variable. Now ask yourself how is it possible for those moving averages, bolinger bands etc that uses historical price predicts the future price to a certain high accuracy?

Anyone interested in reading more about this can download this pdf by Alan Jankovsky - Time Compression Trading.

I took this screenshot from one of the ebooks I've read in the past. Can't remember the name. Mastering the edge in the screenshot image below is enough to give you up to 65% upward win rate.

These people are already making decisions Nigeria won't make even in the next 200 years. It is well.

Country on autopilot, how's 2030 going to be with the way everything is going like this .

If a bus leaves Lagos for Ibadan at 8am, if it doesn't get there already by 11am, then the car probably had accident or got spoilt on the way. We will have to wait to confirm what caused the delay to know if the bus will continue the journey or if the bus will be towed back to Lagos.

That's how some people analyse the market and they expect to make money from this tough business. Na wa o.

There's nothing about women that can surprise me again. No be woman again? Mtcheww.
I don't know how anyone would expect a lady or a man that has been with multiple partners before marriage stick to that one partner till death do them part like they say on altar.

It's practically impossible.

seanwilliam:
Make I use this one hold body

So the fella would have held onto the bag for more than 6years That one go far o.

I don't trade crypto, and most of the terms I read here about it all sounds like German to me. But as a trader too, this is where I love relaxing because of the volume in comments here unlike the forex thread that's almost dormant.

One thing I observe is that, the average Nigerians are something else entirely. Once one person comes for you after even just one misstep, before you know it, others lurking in the background waiting for days like this will spring out from their corners and attack you. And before you know it, most of your post lovers will forget the hundreds of good deeds in a second and remember that one bad you did.

We can do better, I've been here for a short while so i really can't say, but with what I've observed, I can categorically say this fella being attacked in packs is the most consistent with his trade calls here by a mile. Remove someone like him from this thread and you have little or no reason to be here if you're here to learn, or become better in this.

I enjoy the banters though, because the drama here is the only reason I'm active here. But make we dey calm down small small, everyone fumbles every now and then, but the attacks is too much.
And y'all are now making the most controversial moniker here feel like some saint.

Fastt:
This your comment has weight oh. God!! I joke a lot here but I know what I'm saying. I keep shouting,the first thing is to get a job, skill. Do what ever it takes to have an income in case you loose it all. You need an income before you dive into trading. You start small, learn and before you jump to that risk, you must have done your own research cos you knew the hours you put in to make that money, you wouldn't want to loose it to a shitcoin dev that took only 15 mins to release a token/ or to some twitter personal posting analysis on a token that he has a sizable portion to dump on you.

Some say BTC is long gone for profit, but using it as savings accounts while you familiarise yourself with the market is not a bad idea. The peace if mind it gives us not worth loosing it all and not knowing where your source of income is gonna come from. But we learn every day.

It's very difficult especially in Naija with hyperinflation. The currency is deprecating every day.

As we enter this "bull" run, positing your self. Sell in installments. Once you sell a coin, donot go back to that coin. I repeat, once you discharge ashi, don't go back. You fit fall in love oh, and that's how you carry bag . Chop move on. If the coin is still pumping, focus on another cos once you put head again, the thing don dump.

Anyway, enjoy whilst it last. Cos trump and Elon must dump very soon.you don't wanna be the last man standing for the next 4 yrs.

Never commented here before, only read and ignore and throw likes here and there. But this part really got me 😊

The bubble is gonna burst soon, when? No one knows, but it's definitely gonna soon. Musk did it before and he's gonna do it again. The last people standing will be the ones holding the bag till whenever it decides pumping again.

Been a long time here. There's absolutely nothing that keeps a man from cheating no matter how curvy/endowed, respectful, rich and intelligent a lady is.

Now, please change the man there with a woman, and the lady there with a man.

Just make sure those daughters of eve don't bring bastards to your home to train as yours. It's better adopting than training bastards your baby mama/Wife brings home to you.

Make money, travel the world, enjoy your hobbies and try to keep DNA money down and also let them know you're gonna carry out DNA test on all kids any woman births for you.

The famous Guinea man wife was seriously and brutally gbenshed by less rich, attractive, powerful and even smaller blookos than her husband's.
So please ask yourself, what's special about you that people like me can't gbensh your woman, or people like you can't gbensh my woman.

The world has evolved in this part of the world. And our weakness in collective has birthed masculine women who now perceives sex the same way we men perceives it.

The downside now is, men fuc..ki.n g around does not affect women to the extent of bringing bastards to them to train as theirs, but these women don't care whose spe.rm's germinates inside them.

One other rubbish nonsense that's very popular is: A woman knows who the father of her child is.
A very big cap, they coined this rubbish sentence to protect themselves. So that even if they sleep around, at least they know who owns the baby inside their belly. It's a lie they don't. They only wait to give birth and watch who the kid looks like among their f..c.k boys.

Imagine having s.ex with four or even just two guys in a week during ovulation. Can you know whose s.perm's germinated inside you? Biggest cap ever. They lie about everything, that's who they are.

The kind of love a man wants from a woman, a woman does not know how to give. Maybe they know how to give it to their sons, their brothers, their father. But you a stranger[bf/husband]? They are not capable. That's just it. Don't blame them, that's who they are.

Fraudsters them. None of them foresaw the rise of bitcoin as far back early 2010s. At least, that one would be beneficial to the average man. But iro ni. Only to predict when ASUU is calling off strike, election results etc. that are of no consequence to us, and they even failed to predict that one sef successfully.

See the smile on ASAP's face Every man should get and be with a lady in the same social class as himself. E get why.

There are only two footballers in this generation. Their names are:
1. Messi
2. The Rest.

dmahn:
I don't want to watch it at all.. My first deposit into Fx was $200 3 years ago.. GbpAud took good $90 from it in a day because of one fuulish guru back then wey tell me say hin signal na 100% and I was fooled with a demo screenshot. I was loosing and he told me to remove my SL ... I tried a little more trading it on my own yet all na SL even though I have started seeing blues on other pairs...

Sometimes arround this year, I felt I've improved and saw one very good setup that I should take.. I entered arround 7 and before 7:30am the huge SL has been picked... Na that day I give up patapata... I don't even want to know what's going on there

The matter is long man. My first stoploss has been picked. I'm currently waiting for the day's daily candle to close before making a decision on if to close on loss or adjust the stop on the second entry if I believe this longs are just some short stopping out and not real buys.

All in all, I'll re-analyze after seeing today's close.

samfelly:
Use Monthly to reevaluate, chief, and you'll see Bulls are definitely prepared to till that arable farm land to 1.97557 and past it

Seems you are so certain, why don't you long it Sam and bag 300pips just like that.

dmahn:
I have 100% loosing rate on this pair.. Like I've never won any GBPAUD trade.. I have removed it from my list completely a long time ago

. Reason I love it is the volatility but it could be quite erratic sometimes. Have you tried inverting your entry sometimes? This your loss rate on this pair is quite alarming though, so you mean if I'm taking the opposite of all your entries, I'd be making wins every time

Dman, you should start giving entries on this pair in particular on this thread and let everyone load up lots taking the opposite.

samfelly:
Me too don laff taya, broda

Make I go find entry for your trade call joor. Thanks

. It's currently tanking against me, if I'm not stopped out by the end of the day. I will reevaluate if to adjust the stop all close them at loss.

.

samfelly:
My broda, na speculations this your broda just dey do o

What was the speculation based on? That's what I'm curious about. Because the zone you mentioned sef, price has never gotten there before that might have suggested you're hoping it will react off it based on past price behavior at the zone.

samfelly:
Ah, finally, my TP don clock on my/Praisegod4u blueguardian's account.

High chief Geedot, if gold no kiss 2852, I no go short am, long term - imo o

Disclaimer: We're not MM o. The market may still do it selling (long term) from boss Geedot's proposed levels. That's The Market's Nature. And we'll simply cheer up, if anything happens.

What made you think this is the zone where it will start selling from? I'm curious. And how are you also sure it won't continue buying when it gets there?

Gold has been on my watchlist for weeks now without me acting. The last time price was around this zone, it sold down, but not much as I had anticipated because I expected it to come back for some retest.

It came back to the zone on Friday and there were lot of buy volume activity at the top but price started stalling again as I had envisaged. Could be that the buyers are being absorbed or maybe some shorts stopping out. One thing certain is price is not moving as it should with such heavy buying happening at the zone.

I've entered a short and have another sell limit order at the recent high. Let's see how this unfolds in the next coming weeks.

@blackman007.