₦airaland Forum

One last move into the HP’s box, my first target would be around 1.1300 round number

Tony142:
If na woman hold u now, you no go tell her to leave you o, u go even tell her self say "baby do not only hold my hands, hold my destiny too"

Baba werey...lol

Tony142:
Why Stressing yourself? U would have just say you belong to the jack of all trade strategy group

Jack Bauer ni, abeg lemme ooo

Tony142:
Type Of Strategies In Forex



After studying the forex market for some years, I discovered that there are 8 primary types of strategy that exist, any other strategies falls into one of this 8 type of strategies



The 8 Type Of Forex Strategies Are:



1. Indicator Strategy: This are strategies that uses indicator to determine the direction price may likely go to, some of the indicators traders in this categories uses are, RSI, stochastic oscillator, MACD, bollinger band, SMA, Awesome oscillator, Parabolic Sar, Fractal e.t.c , from my observation I discovered that 80% of traders who uses this strategy are newbie, since they are not experience yet to analyze the market probably, so they like using indicator that will tell them where price will go without them doing too many analysis, this set of traders believe that those indicator will one day print the money they will use to build their mansion and buy their private jet that they will use fo travel to the sun for holidays


2. . Price Action Strategy : This set of traders trade using support, resistance, trendline, fibonacci, chart patterns and candlestick patterns e.t.c i discovered that 80% of traders in this categories are experience traders who have been in the game for some years, they believe that price action is king, but we are still yet to know the kingdoms which those king are rulling, is it possible to have 2 kings in 1 kingdom? because the last time I checked the kings are the market makers , so I guess price action traders are fake kings


3. Trend Following Strategy : This set of traders believe that the trend is their friend, so they follow the trend to whatever direction it goes, if the trend goes to eat, they too will follow it to eat, if the trend goes to bath, they too will follow it to bath, and if the trend enters into fire, their account balance will enter into fire too and get blow


4. Institutional Trading Strategy: this set of traders are called ICT traders or SMC traders, they believe that the market is been manipulated by the market makers, banks, institutions e.t.c so since they can not beat the market makers they decide to join them instead of fighting against them, so this set of traders trade in a way that is similar to how the market makers trade, some of the things they look out for are order block, rejection block, breaker block, mitigation block, vacuum block, liquidity pool, liquidity void, stop hunt, turtle soup, imbalance, faire value, premium, break of market structure, return to OB, Wycklof e.t.c despite trading like the banks, 95% of them still blow their account like it is their birth right



5. Fundamental Strategy: This set of traders believe that news is what move the market, so they only trade during news period like speech, event, NFP e.t.c well, we do not really know if news is what move the market but we know that majority of their live account equity have been moved or donated to their broker account



6. Sentimental Strategy : This set of traders believe that demand and supply is what move the market, so they are interested in knowing the numbers of buyers and sellers that is currently in the market and the volume of currency they want to buy or sell in order to predict weather price will rise or fall, is sentimental. strategy thd hholy grail of Forex? Well, I will leave that question for the forex gods to answer


7. Naked Chart Strategy: This set of traders do not use anything except naked chart, their chart is always naked without wearing pants only God knows what they are looking at in an empty and naked chart without using any technical tools, the only tools they use is their eyes and brain, anyway, I belong to this categories of traders



8. Jack Of All Trade Strategy: This set of traders combines like 2 or 3 of the above strategies to form their own strategy, for example they may combine indicators and price action together to form their strategy, despite combining strategies together over 95% of them still keep depositing without withdrawing




Which of the listed group above do u belong
to ?

1, 2, 4 and 6.

jammer777:
Sell PA inside my HP’s box will vomit.

The initial rise didn't hit the box, still holding out for a retrace to that Harry Potter's box before selling, else I'll let it slide.

successsam121:
Ah, that ? makes me tremble, boss.
Anyway, presently I am in Nigeria.
But why, if I may ask?
Abi wetin i know sef?

Still a humble learner.

Humble learner, nothing do you bro...lol

successsam121:
Me just exited the buy position I have been holding since last week. Still looks bullish but ranging and/or pulling back are possibility around that zone, I think.
Thanks and good job, boss.
Abi wetin I know sef?

Still a humble learner

Are you in Nigeria?

jammer777:
Testing microphone, this one na Harry Potter’s yellow box...

The sellers are in I presume. You can sell after a rejection from that purple zone forming a double top. I’m selling already though.

charly20:
USDCAD has already made a move I expected would take the whole week to achieve. Would the week close bearish?Let's find out.

If it does, we may be heading to .21** by december.

I was even expecting the long drive around midweek.
But .21**, dat na crash bro. I’m looking out for 80 to 100 pips though.

jammer777:
Testing microphone, this one na Harry Potter’s yellow box...

We should start looking for potent sell pattern in the HP’s box.

Sell PA inside my HP’s box will vomit.

Piptocoin:
[color=indigo]I swear. jammer777 na comedian undiluted. [/color]

I cannot come and run mad my brother, thank God for Gulder, the kind research wey I dey do for im charts for days now don almost scatter my brains, almost impossible to decode the yellow box.

charly20:
Kai...

Oga saintfaculty don get apprentice

If for real i am an apprentice, na every Sunday I go Dey do testimony for church for a whole year. Insider info pass ritual money.

Piptocoin:
[color=indigo]hahahaha. Obi Cubana of Forex Trades Alerts in the making. [/color]

No be small something...

samfelly:
Hahahahahahahaha!

And you forgot to add these comments: (whistle) You gerrit? If don't gerrit, forget about it!

LMAO...

The mystery behind that yellow box can never be divulged by SaintFaculty. Make I just Dey follow the trade calls abeg, na 80 pips I chop from that last USDJPY sell.

Piptocoin:
[color=indigo]Rotfl

This is extremely funny but one never can tell. We might have another forex highpriest among us.[/color]

If e work ehn, chai chai.

Testing microphone, this one na Harry Potter’s yellow box...

saintfaculty:
Let me quickly add, these boxes I draw on my charts are just supply-demand areas and sometimes Institutional trading areas.... On their own, they are not effective, but once we find a price action pattern that conforms with the pyschology of traders within the box, there we have a perfect trade setup...
For Instance, on the usdjpy trade last week ... We had an M pattern within the box before the drop.

I will advice those struggling in this business to try and focus on 1 or 2 assets.... Sometimes I am tempted to checkout other pairs, but I majorly trade UJ, GU. This has helped me study/learn how those 2 pairs behaves, the levels/area/patterns they respect.
The market always does the same thing... If you focus on a particular asset for too long, you will be able to identify and leverage on its repeatable patterns. All the best guyz

They are just areas where billions of orders reside. Magical boxes demystified. Some people can't invent but best with prototype re-engineering with significant upgrade. Respect bro, God bless.

GreatestManEver:
I really like the way saintfaculty analyzes! Dope

Those boxes are like insider info aswear. Study the previous charts, God might just open your eyes to see through.

jammer777:
My overall bias is bullish. With strict MM, I’ll wait for reversal patterns at those zones to pick my buy trades.

Testing the waters with scenario 1.

Donvic4u:
Bosses in the house, what would you do in this situation?

gabsonfx
donsheddy
saintfaculty
fame12k
bigbasho

others i didnt mention

My overall bias is bullish. With strict MM, I’ll wait for reversal patterns at those zones to pick my buy trades.

saintfaculty:
Uj price in sell area... Waiting for sell pattern to show up before sell.

Magical.

saintfaculty:
Uj price in sell area... Waiting for sell pattern to show up before sell.

Magical boxes...

durangokid:
. Don't worry it will clear for your eyes fiaam , remember Aondoka, remember Deziani , remember Maina, remmem Olisa metu, remember sambo Dasuki, the next meat is malami

All prolly still super rich but most likely living unhappily. Shame on them all.

blackpanda:
Apparently u do, else u won't write this epistle

No be u dey defend maladministration? It's for you to ignore our posts nah. If we are not living free in your head, then look away. Na cruise we dey catch boy, but cruise dey pain sometimes sha. Enjoy...

blackpanda:
[s][/s]

No sense and ingredients
Una go wail tire. Cry me a river

Panda, na cruise wey dey catch, we no dey wail. Person like me no dey fight the rich and the powerful. Malami get bread and power, can't loose a breath cos of him. Just as we say the truth, we dey catch cruise behind the keyboard, nothing do us. But as we live rent free in your heads is so sooooothing.

System202:
Shut up. Foolish, bigot southerners among you hate him. But we northerners, we love our thing. Up Malami

Castigating systematic degradation by progressives like us isn't tied to gender, religion or ethnicity. Malami is a Nigerian, you are and I am as well.

Ti a ba gun iyan ninu odo, ti a se obe ninu epo epa, eni ma yo a yo, eni o ni yo ko ni yo.

Life f*cks us all.

hisexcellency34:
Keep loving your 'thing'.

Indeed their "thing"...lol

blackpanda:
Your tactics aren't new, using God to cover your internalized hate. Where did u see malami was invited Abeg rest my dear, we know ur true motives already. No be today

He was invited by Seun Okinbaloye yesterday on Sunday Politics. Who dey use God? What I'm pasting on your face is that, I no send Malami as e no dey feed me. Bursted the lies, now the hate. I can't hate who I haven't met, no favour between eachother, no relationship or whatsoever. I can only harbour hate in my heart only if Gulder is out of production, I no get time.

Freestainworld:
What will destroy Malami is no longer far from him

If Akpata revokes his license, thats the end for him. Anyways, he'll still lobby the NBA and escape.
He knows what might come, that's why he's running from pillar to post to defend his name rather than fighting to condemn the act on Odilli's residence.

blackpanda:
I'm not defending malami. I'm fighting hate lies and useless bias. Nigeria must move forward whether haters like it or yes.

Seun asked him who requested some part of the recovered funds be converted into naira with exchange rate of N305/$, he artfully dogded the question. Instead, he said the money was partly converted and sent to CBN. Who audits CBN to find out if trully it was sent to CBN? Who audits CBN I ask you. Did he give the order or not? He refused to answer that. Tell me, who is lying now? For your information, nobody hates those fellas mismanaging our affairs, our fate is of the Lord.

nairavsdollars:
Real dodger...did anyone saw how he answered most of the question Shaun Okunbaloye asked him yesterday?

Those questions were premeditated, really disappointed in Seun Okinbaloye. Few days ago, he interviewed Finance Minister, she came on air with jotted notes, premeditated session they both had.

Let them go to Arise TV and face Rufai and Tundun Abiola, alongside Dele Farotimi as guest.

The day of reckoning is nigh.