₦airaland Forum

peteregwu:
3 days is too small. I hold ranging trades for a week plus. Ordinary 2 days, you don dey Halla.. Oga calm down na. Check the Audcad I shared here, I was holding for almost a week, now the thing just started moving, and I am 100pips in profit. Swing trading is calmness and peace of mind.

[color=#1986BC] A f**king week?! We are having laughs...Na Mehn, What? A week to get 100pips... That's just too much time for too little returns. Just this morning alone trading gu and its silly fakeouts from 7am till now, I have banked in 834pips...still expecting more as much if GU cooperates and crashes past last week lowest..Still proves that swingers are very very scared traders[/color]

Tianamen1:
Please what other times of the day do false breakouts usually occur?

[color=#1986BC] False breakouts are f**king sh**ts...I hate them and devote time tracking their movts and activities, hell, sometimes I purposely trade the fake outs and wait before running out then trade it's retracements which actually are the original moves the price was supposed to take in the first place, just like what happened this morning. There are many factors that can catalyse them, so the timing is quite irrelevant because it can happen the least when expected..The one I called in the morning was simply gut instinct coupled with experience..[/color]

iichidodo:
[color=#1986BC] Still holding onto our prey( a sell on GU) since 10am... Hopefully the move goes so well with the incoming volatility that is the American session openings which will allow us build a Crocodile nest to chill out until evening or there just might be a little twist somewhere around 2/3/4pm to make us cut and run..A Croc has to pick his battles...[/color]

[color=#1986BC] hmm...The past three hours has developed a very rare candlestick pattern not seen in a long while....And if the American session traders agree with me...This could lead to a great fall on GU that we just might stay on this Crocodile nest till further notice or maybe when hits 1.18?[/color]

charly20:
That's why swing traders bring in pips in their large numbers.

[color=#1986BC] You spend time to get pips or money...Crocs do opposite...You can't tell a Croc to wait for an Elephant when he see an Antelope right by the river bank...jus there... waiting to be eaten. And you say no, I should wait for another 2-3 days for Elephant? What if the Elephant doesn't come?!..Sorry to say, I think swing trading is just a scared way of trading...[/color]

iichidodo:
[color=#1986BC] If this move sticks then we are sure to hold on to it till American session opens up..[/color]

[color=#1986BC] Still holding onto our prey( a sell on GU) since 10am... Hopefully the move goes so well with the incoming volatility that is the American session openings which will allow us build a Crocodile nest to chill out until evening or there just might be a little twist somewhere around 2/3/4pm to make us cut and run..A Croc has to pick his battles...[/color]

sampz:
Chief crocodile in the building..
Bros I love your style..
you know ur personality wella

[color=#1986BC] Thanks bro ..In this industry, you gotta have your own style...you live with it ..you die with it..Some are snipers, others machine gunners.. Crocodile suits me fine, I get to wait, I get to pounce and the best of all is I get to trade without having migraines..Do you know it gets to a point, trading now becomes a muscle reflex thing? You don't involve brain again.[/color]

charly20:
You will imagine how we swing traders hold ranging trades through 2-3 days.

Mind over matter.

[color=#1986BC] 2-3 days?! over something as uncertain as forex? Hell no for me...Can you imagine a Croc underwater for three days, shey na whale ni?..[/color]

EASYLIFE4US:
Sorry about that, in cross pairs, the majors are at war with themselves and that keeps you in the clear if your strategy has a very good edge plus timing and your stop loss will hardly be hit if you place it at a safe range. The only thing you might suffer is ranging and it's just for a while.

[color=#1986BC] Thanks bro but so you know, being f**ked up by majors yesterday wasn't all about money but time...I rate time above money.My worst nightmare is rangings that last up to 24 hours or more....I just had to become a Crocodile to save myself from sh**t like that.[/color]

EASYLIFE4US:
If you have a strategy that has an edge in the market, I strongly recommend to use it on cross pairs like gbpjpy that can be volatile and churn out pips like gold. Why a cross pair, because majors are at crossroads here, so your edge stands a better chance of winning and your odds will greatly favour you.

[color=#1986BC] majors f**ked me up yesterday, couldn't believe it...[/color]

iichidodo:
[color=#1986BC] Cashed out of GU...Now selling it. Mehn, the opportunity was too hard to resist. Blame it on greed.[/color]

[color=#1986BC] If this move sticks then we are sure to hold on to it till American session opens up..[/color]

[color=#1986BC] Cashed out of GU...Now selling it. Mehn, the opportunity was too hard to resist. Blame it on greed.[/color]

iichidodo:
[color=#1986BC] Hot tip! Start buying UC now...10am retracement is on!!. Arrange stop loss at 9.am's lowest point.. Crocodile time.[/color]

[color=#1986BC]Got stopped the f**k out..f**k you stop loss hunters.... Retreating back to the Crocodile nest at GU.[/color]

[color=#1986BC] Hot tip! Start buying UC now...10am retracement is on!!. Arrange stop loss at 9.am's lowest point.. Crocodile time.[/color]

[color=#1986BC] Leaving our Crocodile nest on GU...We look at an interesting development on UC... Poised and waiting on the pounce for a retracement. An opportunity to go long...Then boom!![/color]

iichidodo:
[color=#1986BC] Yep, definitely a fake out...But a Croc doesn't stand on ceremonies, he snatches whatever prey he can and dives into the river....Now we start sniping GU on a buy till 11am..[/color]

[color=#1986BC] Instead of sniping till 11.am, on the strength of this pull back, we can just make a Crocodile nest out this and hold till next week? or next month? or till 1.27?...[/color]

iichidodo:
[color=#1986BC] But you know that 7am breakouts are mostly false....So we take what we can and get the f**k out.. And if this proves true then we go Crocodile and buy till 11am..[/color]

[color=#1986BC] Yep, definitely a fake out...But a Croc doesn't stand on ceremonies, he snatches whatever prey he can and dives into the river....Now we start sniping GU on a buy till 11am..[/color]

[color=#1986BC] But you know that 7am breakouts are mostly false....So we take what we can and get the f**k out.. And if this proves true then we go Crocodile and buy till 11am..[/color]

[color=#1986BC] My Sell entry on GU since 2.pm yesterday is finally on...Phew.. It always pays to be patient like a Crocodile ..[/color]

RKTexpert:
Us30 rekd me today...e just dey stuck, kon dey give fake breakouts anyhow...I tire today...shaa

[color=#1986BC] It's not you bro...Markets everywhere just stalled, no strong directional movements.The fundamentals are strictly to blame for this as goodnews of the British economy escaping recession cancelling out the good news of Biden raising the debt ceiling after quick negotiation with Congress then you now add the Eurozone not quite falling into inflation as was widely predicted and expected... But still, the markets are still highly strung out and under great tension...It will only take a slight shift of market sentiments before the usual pandemonium ensues.. Hopefully it should start this morning..[/color]

[color=#1986BC] Na wao... Even with red letter news, no single show today...GU, UJ even EJ sef..If to say na gold or silver, the account for balance....Well, we go again.[/color]

[color=#1986BC] Stop loss hunters won't allow GU to go where it's supposed to go...By now it should have left the 1.25** threshold. [/color]

[color=#1986BC] Hot tip!! Start selling your GU...Like right now!!!..Sh**t about to go down by 2pm.... It's Crocodile time..[/color]

[color=#1986BC] Yen doing the Lord's work... Crocodile strategy..smash and grab in progress.[/color]

Galleryeasy:
na grammar u dey speak bro , I have systematic approach towards market,I don't care about all this strong and weak tin ..the only thing that will stop me is if I see BOJ interventions tonight . Just trade your system,we might be wrong anyways.

[color=#1986BC] We might both be wrong and it doesn't go anywhere but stalls.... Anyway,you do you...I do me..cheers [/color]

Galleryeasy:
UJ please come down to 135.840, wanna buy u baby

[color=#1986BC] Yen has been weak across board and is due some corrections or even reversals... Forget buy, Your money will get trapped ..[/color]

meshpips:
136.21 sell and hold for the rest of the week.

All the best!

[color=#1986BC] Sold at 135.94..Will hold for the rest of the day.[/color]

meshpips:
In order to be successful with any trading method/strategy, the Trader needs to have an ingenious approach in the use of the method. This only happens when the trader sticks with one method for a protracted period of time and attempts to reason out (or question) everything that happens while using the method.
It is in that place of "reasoning out" the system that the "aha" moments are birthed! From that point on, the trader has become a "creator" and no longer an imitator. He begins to enjoy true trading bliss in a no too distant period from then.
A young footballer starts out wanting to play like Pele, Maradonna etc but a time comes when he is no longer satisfied with IMITATING moves made by Pele or Maradonna. This footballer wants to "own" his own moves. It is a place of gestation. With time, he births something UNIQUE to him and him alone. From that point onwards, other younger players now want to be like him because he has birthed a "brain child" (as Pastor Sam Adeyemi calls it).
Follow follow or photocopy not be the destination in this industry. We need CREATORS!!!
Maybe someday we will have samfelly's arc, or infofirst's power bar the list is endless. Let's look inward and CREATE something which will outlive us and make trading far easier for the generations after us!

[color=#1986BC] And at the end of the day, life happens to him then he gets a tad too greedy and blows his account or worse, he leaves his live account password lying about and someone uses it to trade demo unbeknownst that the account is a live One and blows the account....The last experience was bizarre...But it's true story. [/color]

[color=#1986BC] Merely accusations without evidence and everybody wants to crucify the poor guy....[/color]

EmmanuelVi:
You speak just like one of my mentors; Nial Fuller.
The crocodile style of trading, the minimalistic approach; trading as a sniper rather than a machine gunner.

[color=#1986BC] True...I learnt that concept from him... Many years ago..Only that I had to improve on it, like the timing process.Niall just left that part which seems to be the most important aspect of that strategy. There are certain times that market gets a hefty move on(learnt that With experience), you combine that with price action trading with crocodile trading..It would just seems like you're printing money off the back of your house.[/color]

Tradinggiant:
Guyyyy 😂😂😂😂

[color=#1986BC] Yeah Mehn...No stress. Like a Crocodile, you just hide and wait for your set up to show.... sometimes it takes hours, most times you wait for days. Then you see little setups along the time being, tempting to make a snatch but you know that's just small fry...The big fish or prey is just up ahead then you decide to wait a while, keep your gunpowders dry, chew the fat... This happened weeks back when UJ was so overbought(136**) that it had to go down some point but when? Crocodile strategy makes you wait then Boom!! All hell breaks lose and you just go grab it by the neck,strangle it and run away with your kill...Works every time..[/color]

Nwadaka:
I dont know the reasons why we are fighting each other in this thread, what we should be discussing is how to break Bank of America with Algo or technical analysis. Please let's discuss about trading strategies . I trade Box strategy, a trading strategy carved out from Nicholas Darvas box strategy. These boxes are so powerful if you know how to find and draw them,the strategy is subjective and also good for swing traders.i would say I have 60-70% strik rate with no stress.

[color=#1986BC] I trade Crocodile strategy...Some might call it ambush strategy. Point and Kill.... 1:3 strike rate..[/color]

meshpips:
Bro, make I advice you as a truly caring friend and trader:

Whatever you do, please and please do not trade GBPUSD

Reason: If GBP speak British English to you then USD come speak American English eh, your own don finish be dat!!!!

A word is enough for the wise o!

[color=#1986BC] Actually, GBPUSD is one of the most stable pair out there, I got fond memories trading it ...The trick is knowing when those institutional manipulators are about to wreck havoc with it ....Most times,it's always around 2PM..Las-las, it's a very sweet pair.[/color]