NaMe4:


The two pairs you mentioned correlate positively and only increases your risk if you take same trade (bias) on both.
Your portfolio should contain pairs or assets which have negative or no correlation.

eg DXY (Dollar Index) and Gold correlate negatively.

When the Dollar gets weak, due to fear, the big boys such as Institutions, etc invest in gold to keep their money safe.
In times of uncertainty eg war, natural disasters, pandemics, investors would also tend to buy gold in order to reduce risk exposure.

With News releases which show the US economy is improving eg the NFP release today, the USD (DXY) will be favoured (bought), while Gold will stall or be sold off.
For a retail trader, you need to know the mid- to long-term effects of these news, economy, etc then marry it with Technicals (notably Price Action). Best in the mid- to long-term; Higher Time Frames, then scale down to Lower Time Frames for safer entries and minimal drawdowns.

If DXY is favoured, it's best to select a second currency which is fundamentally weaker than the Dollar such as the JPY, as price movements in favour of the Dollar would be stronger and more sustained. Anything which causes the Dollar to be relatively weak compared to the JPY is already an indicator that Gold would be the asset of interest by big investors.

A pair such as the GBP/USD comprises two strong currencies; except high impact events in favour of one against the other occurs, basically this kind of asset show limited price movements.

Go and look at eurusd and xauusd chart from Mar 27- April 4

How many days did both of them move in the same direction?

Correlation doesn't work the way you think, chief.

If it was that easy, everybody would be a day trader rather than a swing trader or position trader.

If trading many pairs is giving you headache and no profit

Maybe it is not for you, I have tried both ways (trading 1 pair per acct) and trading multiple pairs

And this is my observation,

Anytime I am trading two pairs say eurusd and xauusd, my mind will always make me want to take the same trade on both pairs

It's either i go long on both pairs or I go short on both pairs

I found it difficult to think of both pairs as independent entitities.

So, for someone like me, it is better for my sanity to trade one pair (eurusd) alone and not bother with correlation but rather focus on using appropriate stop loss for the acct and proper timing management.

GabsonFX2:
Blessed be the name of the Lord!

I really hope that you all followed this call - it was brutal and went to -$4100. Gold short went all opposite, I did as I said before, I went to M5 to do my thing. Now all trade closed and I'm now on positive overall today. $98

I will return on standby to see when next I will short gold. But today, I won.

Congrats, chief

Na you dey inspire man dem

Lanshile:
I swear I don tire
After my Nzdusd trade I picked yesterday reversed and hit sl after picking my sell limit order with a sniper entry with the 12:00 candle, I had to just sit down and think
Shey this is how man will continue
The reliability is not even there
I thought about relocating to another state and go and learn mechanic or go and learn how to drive trailer
This thing pains a lot
No matter the level of hardwork beong put into this game the trade still hit sl
5 years in the game but still havent achieved anything in it
Before u quote me and say I have the wrong knowledge or I should come and join ur telegram group just know that I will pick ur number from that same telegram group then come and beat you like mad in that ur location in front of ur mother and father

The thing realy hit hard that yesterday.
I did not make this post because I want to give up on fx and the loss made was only 0.8 of my maven account given to me by info which isn't much is just that it is hard to be in a business in which u make profit today and u feel really happy and the next day u make loss again and the cycle continues
We are living with depression but some of u will not know but we guys who are fighting all alone with no family or friends, we feel the pain more than u guys who've got a wing to hide under.

It is everyday we documet new lesson learnt but every single lesson comes with a loss when will the documentation now end

There is nothing bad in struggling before making it but the struggle in fx don dey too much

If u want to quote me and tell about the 6 billion that move around In fx every day just attach ur live account trade history for this year

Most of us here are struggling to make it in this game and is not like we are not working hard enough but Only God and the devil understand what is going on in this market
Yesterday's move that caught me off guard has explained everything
We are just spectators in this game
If not for the fact that I only trade with limit order and 1 trade at a time I dont know the level of loss I would have incurred

We will definitely make it but pending the time we make it let's endeavor to write wetin we dey face

I actually learnt my lesson yesterday and I learnt a new thing and yeah loss is part of the game but the Nigerian system did not program us to accept loss that much
50 dollar is more than the minimum wages now tell me how much u are willing to lose before milk and honey start to flow
Oloribu Chelsea whey I dey support that suppose to make me happy whey I dey bad mood still dey lose
Things dey for this life I swear

Lemme ask you this, pls be honest,

In the last month, is there any trade of yours that has given you a R:R ratio of 1:2?

Do you have a system that is simple enough that allows you to tell, based on the 4h or 1h closes where a 1:2 R:R ratio is on the
market ?

saphiere:
Any woman that follows this guy on social media isn't a woman. Before I liked him but I began to hate him the moment he started shifting from calling out fake brands to cloust chasing.

Hating means he is doing sth right

Many women say they hate their boyfriends and husbands yet they never leave them

How do we know this hate is any different?

No matter how many women 'hate' a man, there are still many more that will love him for who he is

Even Ted Bundy, a serial killer of women, had many women send him love letters in jail.


-https://www.google.com/amp/s/www.mirror.co.uk/news/uk-news/ted-bundy-charles-manson-women-14188211.amp

saphiere:
Any woman that follows this guy on social media isn't a woman. Before I liked him but I began to hate him the moment he started shifting from calling out fake brands to cloust chasing.

Hating means he is doing sth right

Many women say they hate their boyfriends and husbands yet they never leave them

How do we know this hate is any different?

No matter how many women 'hate' a man, there are still many more that will love him for who he is

Ted Bundy, the serial killer of women, had many women send him love letters in jail.


-https://www.google.com/amp/s/www.mirror.co.uk/news/uk-news/ted-bundy-charles-manson-women-14188211.amp

Peterfx01:
Bosses in the house your humble trader is running a paid signal group for just 5,000 naira ra as you all can agree with me that my signal are more than half of the time correct pls y'all let's support ourselves in this journey to success if you're interested message me on WhatsApp thank you

Gu buy signal update still in nice profits

Add trade explorer to your username details

Let interested people contact you based on that.

ChildOfDoom:
I have lost count of the number of times I dived into a random girl, raw. Though I didn't cum inside

When this whole addiction started, I was meticulous with how I went about the sex (no exchange of body fluid of any kind).

I also did regular HIV test to free my mind of any palpitations I may have been infected. But now I am deep into my carefree nature, I am no longer bothered.

It helps ease the stress of the day and overcome the boring nature of my job (chill at a brothel, dance to music and fvck).

At times, fucking raw is not my fault. The brothel condom is very light. Once I start thrusting hard or the hole is dry, it bursts. And it is almost impossible to stop at that point.

Also during my third or fourth round, only raw can make me hard and enjoy. How I wish I can stop at two rounds to avoid this

Come to think of it, people die of strange diseases. Some heart attack. Some just collapse without underlining ailment. At least with AIDS, there are antiretroviral drugs to last long (with early detection).

Rhetorical Question - So why stop the only thing that gives me joy?

Go and do VDRI to test for syphilis

Na small thing fit make man run mad

Late stage Syphilis can cause madness as in the case of Al Capone.

santaclaws:
I'm beginning to think Mohbad's widow has something to hide... This is her opportunity to silence her nosy in-laws but she's bickering and avoiding the DNA test. Did she sleep with other guys while dating Mohbad?

This doesn't make any sense...

If she has nothing to hide, she would've done the DNA test

Nigerians will donate the money for the test if money is the problem

That baby is not Mohbad's own.

raskymonojendor:

It's not. That man has been in power for decades. I think he first got elected in 1996. He would be 3 decades in power by 2026, so he is doing as he wishes.

Museveni has been there before 1996

He was one of the chief opposition leaders to Idi Amin

Peejayz:
Sell on gold n GU coming this afternoon.... Massive

Sell on gold...

Won't it be safer to wait till 2pm close before you decide on it?

Donsheddy:
Buy gold

Ent 2273
Tp 2278
Sl 2268

Buy gu

Entry 25800
Sl 25500
Tp 26100

Perhaps you should adjust your tp

If you are correct with news coming up by 1:30 pm, you could get close to 80 pips

Just a thought!

Glimpsetv:
These are some of the stunning Israeli female soldiers serving in the IDF unit. Don't let their beauty deceive you; they are known to be very ruthless when it comes to defending their land. One of them was said to have single-handedly disarmed and neutralized a group of terrorists, numbering more than 7, bringing them to their knees and delivering their deserved final judgment.

Cc: Rocktation, Dominique


https://www.youtube.com/watch?v=ympPq55wNGQ


Would you date any of them if you had the chance?

Israeli men sef don't want to date their women

Most of these women might be core feminists who will ruin your life if you have even a slight disagreement with them

If you think that is not the case, i suggest you watch this documentary below on why Israeli men marry outside their country:

https://www.youtube.com/watch?v=eHtNQ61Dgck

raskymonojendor:
Did that David Hundeyin not say to his Obidients minions aka headless mob that the refinery would never work, and they all believed him - wasted education. LMAO.

God bless caseless and femisplash wherever they are.
To the enemies of Nigeria and haters of good news, keep on hating. It is good for your health.

This is the first time I've heard anything drop in price in Nigeria

If this eventually leads to price of foodstuff reducing in the next 6 months, you have to give Tinubu his chops.

I'd rather have a 'crook' in power who makes life better for me than a 'self-righteous' man, who can do no wrong in the eyes of his followers.

Davigle:


Not yet bossmi, gold might surprise you and the reason why is because DXY is beginning to crack fundamentally, JOLTS report came out bad, which simply means that the labour market is beginning to weaken, but NFP will give the final confirmation only if it surprises to the downside...

Market is in a range

Trying to predict which way based on news looks like torture especially if you are relying on correlation

My two cents: wait till Thursday or Friday ...things will appear clearer by then

Ibrahimlagosian:
Bro, it's me,as a forex trader like you,I would advise you to focus on your trading alone.

O wrong naa

Man shall not live by cash alone

YesDaddyTill203:

Exactly
A lot of these people are pretending as if they do not know that this man is still wanted by the FBI. The Federal government of Nigeria have just decided to look the other way. Imagine if it's Dangote that's wanted like Oyenma. The biased Nigerian press and social media will remind us everytime they talk about him. But now, you can hardly find that conversation anywhere.
Also, these people don't understand that Air peace cannot fly anywhere without thr consent, approval and support from the Nigerian govt.
The govt can decide to give the slots allocated to Nigeria through bilateral agreement to any other airline even if they don't use it.

Could you remind us what he is wanted by the FBI for?

Is it an invitation as a person of interest or warrant of arrest?

Jashub:
Would you advice me to use their trading platform or meta trader?

Anyone you are comfortable with

talk2hb1:

Jokes on you, if driver has driven 50 cars he is a good driver; but if a car is driven by 50 driver it's a scrap.

It's not car I am talking about, let the cars with brainbox left learn

Nice one and inspiration for this analogy below:


Two cars for sale on the used car lot

One car has been driven by the owner for 10 years

Another car has been driven by 20 owners none using the car for more than 4 months

Which do you pick?

This discussion is not about cars.

Jashub:
Please who can recommend a broker that offers a cent account

Check exness or hotforex or octafx

They may have such an offer

24hrUplift:


Then, I had a disability called FOMO. This made me to keep taking trades because I don't want to miss out on the potential profit.... only for the market to reverse at my exact entry point gbam!.

Maybe, I was day-dreaming too much at the time..
.
Sometimes you need to be humble and reduce your expectations...

3 Pips in Profit is better than 20 Pips in loss. Let the market control your actions (and not GREED). Know when to cut the shot. or you will loss your earnings (if not all)..

I agree with you that 20 pips per day is an unreasonable expectation.

The more realistic goal is 10 pips per day but even at that, how many people can get good R:R ratio chasing that?

What is the risk to reward with 3 pips in profit like you stated up there?

nairalanda1:



It would have been found before the operation

There is only one way to verify that all aspects of the story are true.

We'll need more details like name of the boy and the hospital and the doctor

That way, we can verify this issue clearly

FxMasterz:


Please visit the church yourself and verify. I was in Dunamis in 2017 to see things for myself. You can do the same.

The boy probably already had 3 kidneys

The condition is called supernumerary kidney.

This medical condition has been known as far back as 1911: see https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1288870/

And recently, someone in India was reported to have three functioning kidneys:
https://www.news18.com/news/buzz/kanpur-man-has-3-kidneys-doctors-say-its-rare-but-nothing-to-worry-5817307.html

LordReed:


Here and still unimpressed. It's easy to tell stories but when we ask for verification na dat time agbada go hook wire.

Here is the most probable outcome

The boy probably had 3 kidneys

But the doctors were unaware of it the first time he went there

There are cases like that. see:
https://www.news18.com/news/buzz/kanpur-man-has-3-kidneys-doctors-say-its-rare-but-nothing-to-worry-5817307.html

socialmediaman:
I came across news earlier from the Central Bank of Nigeria (CBN) announcing foreign currency inflow totaling $1.5 billion USD in just one month. According to the CBN, this was an indication that its monetary policy efforts were working.

While this news may seem positive at face value, it's important to put it to context. As of 2019, Nigeria was receiving monthly foreign currency inflows of over $2 billion USD, despite Buhari's government being considered a monumental disaster.

The point here is, let's not celebrate or settle for mediocrity. Nigerians deserve to be fully informed about the true state of the economy.

Propaganda is dangerous for Nigeria's development. It serves only the purpose of failed corrupt leaders who focus on laundering their image rather than doing real work that benefit their people.

Where is the source of the 2019 report?

Pclemenza:
This is a safe space I believe.

So I became serious with learning to trade recently, February 2024. Why I took it more serious than previous years is because I wanted to give my life great meaning. I’m the 3rd child of 6 siblings, all are earning but I’m not. I don’t know what it is with my fate, destiny or reality but I find it difficult securing a job. 6years after leaving the university no gainful employment. Is there a curse laid on me in that regards?
Anyways, so I came into the FX space with the mindset to give myself meaningful existence, pursue financial freedom, time freedom and location freedom. I am an overthinker and this trait seem like a burdened disadvantage to me. I thought Photon trading on YouTube gave me clarity on Market structure but then, it seems like I’m not there yet.

WHAT IS THE ISSUE?
I’m[ introverted by nature and this jobless state of mine coupled with me getting older each year, I have lost all the hope and faith I thought I had. Nothing gives me Joy except on rare occasions I open the chart to analyze. I love to isolate, with thoughts running through my head always(my brain wan blow).

WHAT DO I NEED?
Aside gainful employment, I wish an insiders information could be shared with me on ways to earn. With that I could feed proper and my mind at ease while I continue my learning process.

ANY HELP PLEASE?

The bolded is your problem

How can God or the universe favour you when you have lost hope?

I know it's not easy at all but try and be grateful for the little things in your life.

What would you say about hope if you were the young man split in half by a forklift? - https://www.nairaland.com/8036568/man-cut-half-forklift-reveals

The truth about making money after school is simple

It is your friends in school that may give you the connects you need to make money. The exact nature of business will depend on the interactions you have with them.

Highestpromoton:


Do you know that E-money, Kcee, Drake are chronic gamblers.
The issue isn’t about gambling, this young man needs help, a Job, a source of income.
Many young Nigerians gamble not because they enjoy it but because they think that it is their only hope.
If you give them good jobs, you will watch them reduce the way they bet.

Good jobs will reduce their leisure time for betting

Whether they stop or not is a different issue altogether

Being broke and in need of funds can make a guy do stupid things

Odin13:


The anglicans and Protestants in Anambra won’t support him .... forget media

So Obi can't even win in Anambra clearly?

If that be the case, that implies that Presidential results in Anambra State were rigged

Dzzzz:
..Food stamps cannot be compared to this my brother..FOODSTAMPS can be turned over for money..FOODSTAMPS come every month and with that you still buy back into the economy of the state using it..

Yes, food stamps work in a different manner compared to this

BUT

The overall goal is to help poor people feed, hence why they can be classified tgeda as palliatives

Issue here is whilst food stamps have clear eligibility criteria based on statistics

Palliatives here in Nigeria have no known eligibility criteria. It is not a program, just based on vibes and luck hence why people die in stampedes to collect it.

Odin13:
Obi lost election and will lose a million times ... even if heaven conduct that election

Obi will lose

Pure .. no be story

Let him try

The only way Obi can win is if partners with Atiku or a very strong politician in the North or if all the major opposition parties adopt him as consensus candidate similar to what happened in Senegal

And so far, the chances of that happening look very slim

Risingblue008:
See wetin government don reduce her citizen to

Even in USA they have palliatives

They call it food stamps

The problem with palliatives here in Nigeria is there is no structure on how to distribute it fairly. It seems like another avenue to loot more funds.