Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 2:57pm On Mar 19, 2022 |
MrBroke: Is what most of you traders don't know, who the hell do you think pays you, note, you are speculating on price movement, you don't own the currency, commodity or stock you are trading like having shares in a company or buying bitcoin which when price soars your assets price increases. With CFDs you and your broker are in agreement that if the price movement goes your way the broker settles you if it doesn't you lose to the broker, it's as easy as that. New brokers are emerging every day cause it's a profitable business, the loses are 99% and the win is just 1% so even if the 1% traders are having blue pips everyday, the broker pays them with the 99% of traders money who are having red pips everyday and they still have enough to keep and spread their guaranteed income is also there. Its just similar to sports betting. So what's your point exactly? Are you saying we should stop trading because we can't be in the profitable 1% ? Or we should give up striving to be better because we're already in the 99%? Or that it's impossible to be profitable trading forex? What message exactly are you trying to pass across? |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 9:18am On Mar 17, 2022 |
Richsteemit: Guys, is it true less trade give profit? But to make profit in the market you must trade more There's no definite answer to this. There are people on both sides with arguments to support their position. Personally, I only trade EU and I'm perfectly fine with it. More focus, more familiarity with the pair, less analysis paralysis, reduces over trading etc. So, just study your personality and go along with what fits your style. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 6:36am On Mar 16, 2022 |
Richsteemit: Why do people think we aspiring profitable traders are useless to the society? Omo one person disgrace me today when I was looking chart. I was totally depressed. The person is like a father to me. I cannot just cry  It's common. Nobody really believes that you can make it big trading forex, they don't even know what it means. Your immediate family members sef no go believe, they'll discourage you and tell you that you're wasting your time. Brother, let their discouragement increase your motivation and prove them wrong. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 9:38pm On Mar 11, 2022 |
Englishisamust: Done for this week. EU don use my life see shege. . Any person wey tell u say Forex easy, na Ur greatest enemyoo. Brother you see that yesterday and today sudden spike ehn, e chop nearly my profit for this week. But risk management still kept me in the blue |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 2:03pm On Mar 10, 2022 |
karkinase: It’s better to stay off the market today.. stay safe out there fellas.. I had 2 sell limits on EU risking 0.25% each, there was a spike around 10am that took out the limits, I lost 1.3% of my account instead of 0.5% due to the spike I just close my laptop dey sleep since. The manipulation in the market today no be here . |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 6:35pm On Mar 09, 2022 |
Feshizzy: Thanks mate, But i go reduce risk oo, See my DD, more than 50%, i know i once said i can take 70% DD But omo through our last week before i closed the trade, I just dey panic, come dey do excessive backtesting and looking for similar patterns on how it played, Omo my house come be like say i dey solve homicide case. 
The moment is saw green pips, Omo i close the trade, go outside drink beta beer 
This their yeye war be wan spoil something  |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 6:34pm On Mar 09, 2022 |
Feshizzy: My guy i see that long too on EU, I took it, E get where d werey reach e begin shake leg, For that kein 3am, I closed trade, work up for work e pull back small, i was proud of my exit, only to come back and see say men market don travel to were i initially predicted,
That's the issue i face wan i reduce time frame and forget to look into the pick picture. But nothing spoil, Slow and steady wins the race. Certainly bro, slow and steady wins the race all day everyday. Tomorrow we go again. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 6:01pm On Mar 09, 2022 |
IamNat: Hi everyone, I'm glad to be here, please I need help to remain consistent. I just started trading and though I know a bit of the basics, i don't seem to get a hang over this thing. Only 1 out of my trade gives me profit, at times I take profit too early, at times my stop loss is too small. Please I need someone to mentor me in the right direction. How can you be consistent when you just said "I just started trading", "I don't seem to get a hang over this thing"? To be consistent, you have to be consistent with the way you approach the market. Consistent habits begets consistent results. You may also ask yourself these questions: Why do I trade? Do I have an edge or strategy? Do I have sufficient data to back up the viability of my edge? Your edge will normally determine your sl and tp. Do I have confidence in my edge? Am I scared of taking a loss while executing my edge? What are my analysis and entry timeframes? There's just so much you need to ask yourself. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 4:18pm On Mar 09, 2022 |
Leaving money on the table is another challenge traders face. Man I've been leaving so much money on the table lately and it hurts. @englishisamust did you get in the EU longs today? Took profit too early and it's painful. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 9:11am On Mar 08, 2022 |
Englishisamust: As he don be nw. If I ever break my trading plan again make I no dey successful in this business.. you can add your own so that I can be discipline by force. I don't know the spirit controlling me to be trading setup that doesn't align with my rules. Unfortunately, imo, I don't think we as traders can stop doing some indiscipline once in a while, I think we can only reduce it by being more mechanical than using intuition. I think staying disciplined to our trading plan is a permanent war with ourselves. I'm a newbie in trading and two things I have found useful so far to help with discipline are: staying away from the charts especially if it hasn't hit your levels, not sitting and staring at it all day. Secondly, I keep a daily journal of how many times my setup appeared in a day and if it worked or not. At the end of the week and month I calculate the RR it gave minus the losses. This makes me see that I don't have to trade everyday and my setups won't appear everyday but that I'm confident that I will end up profitable at the end of the month. I trade only EU just like you. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 11:36pm On Feb 27, 2022 |
realone12: What happened to me in the market last week is not something to write home about.. with my current state of mind, its very easy to think the market has some beef with me. how can you not believe the market is hunting your SL when one long candle forms against you immediately you open a position -- the long candle always takes the opposite direction of ur trade. and it will only stop and retrace back immediately only when it hits your SL... the moment it hits SL it retrace swiftly and never return back there again.. the worst part is that when its sure it has kicked you out of the trade it will now go on and do exactly as you anticipated.. I took 8 different trades (different pairs) and this same thing happened in all of the trade I took.
DAMN!!! I just had to talk about this to feel relieved.. Lol, when I enter a trade I always anticipate that my first entry will be swept, so I get ready to take a second one if the trade idea is still valid. So, if it takes your stoploss and you believe the trade idea is still valid, take a second shot. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 9:42pm On Feb 24, 2022 |
haryodehjia: To the bosses in the house pls what's the effect of this ongoing Russia and Ukraine world on pairs especially gold, USD and aud?? cos from the way I'm seeing it technical will fail I think USD will be strong as a safe haven currency, investors would move their assets into the USD in times of uncertainty. Ultimately I don't think technicals will fail, look at EurUsd, if you read the structure the war news simply fulfilled the expectations based on bearish structure. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 8:59pm On Feb 21, 2022 |
Englishisamust: Sl hit. Market no dey laugh today From my view, the moment price swept the M15 swing high without closing above, I knew it was shorts all day. Unfortunately I couldn't get an entry so I missed the move. Tomorrow we go again. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 9:49am On Feb 21, 2022 |
Englishisamust: Eurusd Wow, I'm anticipating a sell from the 1390-1375 region |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 2:59pm On Feb 20, 2022 |
exmaysn12000: @infofirst
Just discovered that e8 funding with standard account metrix as ftmo offer 30 days trial.
All parameters just like ftmo, except that max DD is 8%, daily DD same 5%
Just a suggestion. I think it's 14 days trial like ftmo, not 30 |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 7:18am On Feb 19, 2022 |
Feshizzy: Depends on wettin you use knack am ooo, And the kein tree too,
You wan dey use slippers knack iroko tree? Las las na the slippers go cut   |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 9:32pm On Feb 18, 2022 |
samfelly: If you walk on the lawn/grass continuously, you will end up killing the grass underneath your feet and creating a footpath across the green field. And this makes believe that the quote; Practise Makes Perfect was coined from that grass experiment.
So, do not give up bro. Even if it means you participating in 34 contests. Keep practising with it to improve your overall performance till you also emerge a winner.
I am also doing the same - creating a path on the green lawn/field with continuous participation. And at this juncture, a big Thank You goes to Infofirst for the opportunity.
Just to add to what you've said, one of the quotes that keeps me going in this business is "if you keep hitting a tree at the same spot, one day it will fall". |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 9:26pm On Feb 18, 2022 |
Englishisamust: Na from last week EURUSd don dey make me laugh. He con make Forex easy like abc. To lose a trade kon hard for me. I pray it continue like this. Lol. I've been swimming between DD and BE since the beginning of this month until Wednesday, yesterday and today. Be like say you trade EU only. I trade only EU |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 5:49pm On Feb 18, 2022 |
Englishisamust: Tp smashed. Next on eurusd After a horrible first two weeks of February, eurusd decided to deliver the goods from Wednesday till today |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 12:42pm On Feb 03, 2022 |
Famoosky: I hope you can see that image. Please learn to keep your mouth shut when you're skeptical about something.
This is a public platform. You're responsible for your decision.
So, choose what appeals to you and ignore what doesn't communicate sense to you.
And to also provide how naughty your response is, I will attach screenshots that form the basis of the trading decisions here.
Oga, you sef look wetin you post. We should just sell, no entry or exit, no stoploss and no take profit. We should just press sell button and go to bed. Does that make sense to you? |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 8:57pm On Feb 02, 2022 |
FreshGuy2: I really need your sincere advices my Comrades on how to solve this problem...
I'm always in the habit of closing trades with good profits late, most of the times i end up closing with little profits or even losing the whole profits and still run into losses while trying to reach my take profits. Note, i always set reasonable and realistic take profit targets but I'm always losing ��.. Some senior men has made suggestions to you already. I will add that you know at what point to go BE. You may also consider taking partials at certain levels and leaving a runner so you'll still have skin in the game if price continues to go your way. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 8:44pm On Jan 30, 2022 |
samfelly: I don't know why, I am always very happy for being in this FTA forum. You guys give the best advice with sound reasons and examples.
And I sincerely appreciate all the contributions that followed this my thought provoking dream . I'll look inward and adjust as pointed out from everyone. Una don succeed in talking sense into this fella 
In any case, #$14ADay na just plan (dream), I know say Mr. Reality dey front dey wait for me 
Those who dey call Mr. Forex scam and abandoned him after some months, you think say na small thing them see. Mr. Forex wan frustrate me also and I no wan give up dats why I say make I do something to dare Mr. Forex in the face, while staying strong till the process is truly refined. 
But really, I go draw strength from una advice. Thank you.
CC: Piptocoin, Feshizzy, Amolak, CopyJoe, Tianamen1, Charly20, Kendoschurrle, Gozzylala, karkinase, DannyFX2638, VlamesIffect
Talking about frustration.. Something I've found useful to me when I feel frustrated, doubt or my strategy not working is: I keep a separate journal where I record how many times my strategy presented in the market daily, how many worked and the RR it offered, how many ended a BE and how many was a loser. I go over them to assure me that as long as I keep repeating the strategy in the market without hesitation whenever it appears within my trading hours, over a number of trades I'll be profitable. Secondly, focusing on the process and not the outcome. Maybe you should try that too and see if it helps. The last two weeks of January was horrible for me but I keep reminding myself that my strategy works and I have the data to back up myself. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 7:01pm On Jan 30, 2022 |
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Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 8:35am On Jan 23, 2022 |
[quote author=FreshGuy2 post=109600682]My comrades abeg wetin be the difference between flipzone and break of market structure?.. clearer explanation please [/quote
I trade supply and demand so I will try to explain from that pov. Flip zone is the area where price broke the immediate trend. For instance, price is making a hh/hl(higher high/higher low), then price after making a hh, broke the hl and made a ll(Lower low). That zone where it broke the hl is a flipzone. It's a flip zone because price was going bullish and for it to continue bullish it shouldn't break the low, so once it broke the low it means bears have flipped the market.If you check the weekly timeframe for eur/USD, that zone we are currently reacting from is a flipzone, maybe that should help clear it up for you. Break of structure is somewhat subjective and it's broader. It's more like swing structure. It confirms trend change. Flip zone is more like an early indication that price wants to change direction but not confirmed, bos confirms it. It depends on your tfs. For instance, a bos on m1 can be an indication that price wants to change but it doesn't confirm it until you see a bos on tfs like m15/m30 and above. I don't know if I succeeded in confusing you the more. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 9:37pm On Jan 18, 2022 |
bigbasho: you miss the train bro... It didnot get to that flip zone you are watching. Nah, I didn't miss it, like I said, we react not predict, I trade mainly from the M15 so I shorted the moment I saw orderflow has gone bearish. Evolve and adapt. I still believe it's a pullback though till it breaks this current daily demand. |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 11:56am On Jan 15, 2022 |
bigbasho: I drop this chart due to your outlook on EU. Recently i decided to flirt with mapping of price and i came out with the attached on 31st december. I was waiting for the breakout up to confirm this. Could it now be the beginning of the massive sell? I already took position with lower lot size and i will hold to follow the pattern. If it played out accordingly, i believe we have been shown in disguise what will happen right in front of us but we are not seeing it. Once you see it, you wont be able to unsee it. Happy pipping guys. Yeah, I see this as a pullback for higher prices, I still anticipate price getting to the 1.15132 range before we see some real dump. But price can do what it wants and just die from here. We react, not predict. Thanks brother |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 3:52pm On Jan 13, 2022 |
Five fundamental rules of trading 1. Anything can happen in the market. Nothing is certain, it takes one trader to negate the outcome of your analysis. 2. Each moment in the market is unique. This is because there are different participants with different opinions of the market each day 3. There is a random distribution of wins and losses. You never the sequence that your wins and losses will come. 4. You don't need to know the outcome of the next trade to make money in the market. 5. Your edge is just an indication of a higher probability of one thing happening over another. I got this from Trading in the zone by mark Douglas. If you know and accept these rules, it'll help with your trading mindset and risk management. I think a trader should be consistent in his approach to the market to stay long in this business. Consistency includes staying consistent in his method of analysing the markets, selecting his levels and pois, how to break even, how to take profit, how to partial, what to risk per trade, how to scale in and out, time-frames for analysis and execution etc Essentially doing the same thing over and over again. If no trade outcome is certain regardless of how beautiful the setup is, why will I increase my risk? Btw, how I go take post charts here, don't know how to go about it, anyone help? |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 12:17pm On Jan 13, 2022 |
Feshizzy: Please ignore those careless niggas and continue to trade your trade, You are doing well. Be honest with yourself feshizzy, would you trade like that? Is that how you traded to maintain your account you post every week? |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 12:01pm On Jan 13, 2022 |
[quote author=Gozzylala post=109331837][/quote]@feshizzy |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 12:00pm On Jan 13, 2022 |
Feshizzy: Someone is busy trading, these busy bodies are busy judging.
Please if you don't have something else to say just Shut up, He did not put his trade out here to be insulted. Not even from the likes like you too, when the only thing you do is talk.
You guys would complain that we refuse to share our trade entries and when we do, na careless backlash dey follow am
If you know better, you should post your trade analysis like he has done, to show him what he might have missed.
Not this nonsense both of you are doing.
Bro, I've always noticed how you respond insultingly to people's statements, but I won't go that low with you. If you understand consistency and risk management, you'll see no harm in my response to him. Now that you have poured out your anger, are you satisfied, are you happy now? Hope you're calm now brother? |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 8:45am On Jan 13, 2022 |
Dfxmoney: RISKING 1% ON THIS Bro, the other trade you risked 2%, you're risking 1% on this, you don't want to keep going in that direction because it's a sure way to hell |
Business › Re: Forex Trade Alerts: Season 22 by Gozzylala(m): 6:16pm On Jan 10, 2022 |
ItzProspero: My view on EU and EG
Stand to be corrected I also anticipate higher prices on EU at least to the daily or weekly supply before we see some shorts. I'm however wary of the massive sell-side liquidity underneath your entry. The set-up looks good but price can do what it wants, we can only react. |