₦airaland Forum

Karlebolu:
You guys will not believe what I saw on Facebook group this evening.

An guy who used to be active on this thread charging 12 people $500 for webinar on his Facebook group in this Buhari era.

I've done my part to spoil his business sha, never believed people could be this heartless.

webiwetin but you for leave the guy make him collect small thing na lol
you could kindly drop his username here then we all can be aware for future purposes.

JLINE:
ALERT ALERT...BUY EU NOW USING 10PIPS STOP AND 40PIPS TP...

JLINE:
STILL VALID NOW BUT STOP NOW 15PIPS...

Will be closing trade before end of trading day...2 positions and will lock in around 22pips. chart for different entry below

Edd1e:
I wonder why u r putting urself through this wahala, the calculation aspect is nothing compared to the real action. why not just stick to ur day/swing trading

thanks bro for the advise...a different account will be used and i just want to do something outside the box and have fun though.
once again thanks.

Lifecontinues:
OK, 25% is most preferred amongst all the choices give...
That means lot can be 0.12, then
30pips = $36 return roughly
40pips = $48 return roughly
10pips = $12 risk roughly

thanks man...factoring that a micro account will be used that will be 12.0 lot,i used a tool for that. will demo it before swinging into action and like i said...just want to have fun,if it works good but if it doesn't then will try again and again. i see the probability of it working around 80% atm maybe the demo will increase it.

Lifecontinues:
After I read and read and read again the calculations up there, I seem not to fathom.
But will give this as basics
Lot = 0.16
30pips gives $50 roughly, risk = $16
Lot = 0.12
40pips gives $50 roughly, risk = $12

But while thinking about the money in return, I would like to note moment like this destabilizes traders and muddles up alreading working
strategy (I once experienced it). Kindly try first on demo for weeks for some days before real oooo.

You need to note that only 3 losses will clear one's account to stop out

3 trades won't clear the $50 and even if its just $50 i could afford to loose though...the other maths not stated is that you risk 50% of your account at every point to get 100% but i am fine tuning it to risk around 25-40% to get 100%...lets say you put in $50
T1 you loose 25% of $50 =37.5
T2 you loose another 25% of 37.5=28.125
T3..........................................=21.0935
e.t.c. like i said its an idea but i have seen someone done it again and again and again but not Nigerian though cos over time traders from this side of the world has a limited way of thinking and their mind blocked.

in essence,i want to risk 10pips to get 30pips or 40pips(1:3 or 1:4) but i want the win of the 30pips or 40pips to get me $50,which will make my next trade balance to be $100 e.t.c

The Math
T1 -Balance $100 - Risk $50 - Take Profit $100
T2 -Balance $200 - Risk $100 - Take Profit $200
T3 -Balance $400 - Risk $200 - Take Profit $400
T4 -Balance $800 - Risk $400 - Take Profit $800
T5 -Balance $1600 - Risk $800 - Take Profit $1600
T6 -Balance $3200 - Risk $1600 - Take Profit $3200
T7 -Balance $6400 - Risk $3200 - Take Profit $6400
T8 -Balance $12800 - Risk $6400 - Take Profit $12800
T9 -Balance $25600 - Risk $12800 - Take Profit $25600

which totals.....

Balance $51200


Stop Loss and Leverage
This should be pretty self evident but here it goes

If you use 300:1 leverage, 17 pips is your stop loss. Your target is 34 pips.
If you use 200:1 leverage, 25 pips is your stop loss. Your target is 50 pips.
If you use 100:1 leverage, 50 pips is your stop loss. Your target is 100 pips.
If you use 50:1 leverage, 100 pips is your stop loss. Your target is 200 pips.
This actually involves 1:2 r:r but i need a 1:3 r:r and 1:4...with $50 as start capital,then leverage should be 400:1 then what stop loss pips and target should i have ?
i have tried since but seems my head is a little too occupied to get the right answer. help

Lifecontinues:



Yea bro, whatever strategy that works on higher time frame will definitely work on lower timeframe only that one will have to be going in and out of market more frequently. Lower time frames are good with brokers that charge for swap/rollover because they provide low spreads (eg FXCM, Avatrade, CMtrading, Instaforex) while higher time frames are good when spreads are huge but low or no swap/rollover fee and that is why I trade with my current broker (They provide me with a fixed spread account and zero swap/rollover fee.

Success in your new plans

thanks boss

JLINE:
STILL VALID NOW BUT STOP NOW 15PIPS...

currently @ +15...lol scalping is fun,trying to use my style to scalp since time immemorial but seems am getting it right now. if i can then my broker is seriously in trouble...then my idea will have made the hit. imagine making $24,000 in a week or 2 weeks,it will be fun, lol
still working the maths but if i can't will ask for help here.

JLINE:
ALERT ALERT...BUY EU NOW USING 10PIPS STOP AND 40PIPS TP...

STILL VALID NOW BUT STOP NOW 15PIPS...

ALERT ALERT...BUY EU NOW USING 10PIPS STOP AND 40PIPS TP...

i have usdjpy scripts in tact and took long from 102.17 but the bigger picture of monthly has a clear retrace back to 100.5 which is norm again before the main move possibly but wouldn't jump out of my trade till i see a possible break and guide via my 1hour chart below with price stalling in the lower mofu line(102.42) of the norm...but if that gets crack will quickly get off to reload at a better price if there is a retrace but i expect uj to respect the norm,mid and mofus of the brexit moves(high,low and close) though...monthly chart first and 1hour chart second.

JLINE:
bought eurusd...

Lifecontinues:
JLINE, about last three weeks I confirmed that most of your entries around that NORM coincide with my price turns and lock-ins here which I found very interesting and good with a good record of an outcome. I will say you may only need to add a system that would allow you to try and filter false or bad signals around the NORM with the knowledge that not all entry signals are good.
For example, I checked the EU you recently called and realised it is actually around my turning and lock in point as usual (though not yet) BUT has a very high tendency to range or remain silent throughout next week, hence I do not trade this kind of signal even though the turns and locks are confirmed which has not.
However, I foresee that your NORM will give you lot of good entries on most of the pairs next week as what I see here is that the pairs are all building up for turns and lock-ins thus for good pips by next week.
Selah

Bro you misunderstood what i said...i bought earlier with the chart below when price closed above the NORM and made a re-test. what i am trying to do now is enter another trade when price closes above the marked x line in the new chart. About good entries,thanks for watching my back i was using stoch as my filter but when i got better i didn't any filter anymore but to better myself as one trader rightly said here that there is no overbought or oversold in the market but just the indicators telling you that.
For the last one,i always have good entries that's the reason i have my MOFU LINES too except for the fact that i get greedy though ...my least R:R is 1:3 at times 1:7 or more. once again thanks for your observations.

Eurusd is in place but missed the 2nd break entry by 2pips...so,will wait for the break above.

update on Ger30...we still going up though . hope you remember the entry though,2nd entry is in sight though.

closing my gbpjpy now...jpy is weak but GBP seem weaker,up 250 down to 20 again and again. out of this one.

closed my last 2 buy stop on audusd trade that got activated...left the early entries trade...3 closed and 2 left. seeing a possible retrace though.

lol sorry guys,just wanted to share this to inspire someone too not just trade calls but also results matters...5 trades in on audusd buy, buy stops keep getting hit time to time...won't post more as i don't have appetite for haters.

eurgbp hit stop...will be trying something soon but will have to open a thread as i don't want to derail this particular thread or better still use here and try to post less. still an idea.will try it when its fully formed.

Owliver:
after brexit I have not entered a single trade. daily time frame is just too confusing now

waiting for market to calm.

meanwhile, today is my birthday.

Happy Birthday bro...more Greens.

JLINE:
eurgbp is not looking too nice,rejection twice won't be funny it will necessitate a close rather.end of day will tell.

i knew it would after 2 rejections and it did...not surprised was prepared.

eurgbp is not looking too nice,rejection twice won't be funny it will necessitate a close rather.end of day will tell.

EmmanuelD1st:
Thanks for your input chief...I will consider that diagonal resistance valid when price violates the current higher-low or better still price makes a signicant lower-high...and also you cannot afford to ignore the fact that price has been making nice higher-highs and higher-lows on the 4hr TF

ok boss

mrikay:
Thanks Boss! I bought yesterday after observing 2 green daily candles... I also bought with tiny lots Gbp/Nzd and UsdCad.... Thanks as Always... I sincerely appreciate your work.

ok Boss,no wahala...its good you entered early enough,am expecting a move today. most likely to go in our favour as long as jpy is involves. meanwhile toyota just made my day more and jpy more predictive by recalling millions of cars thats faulty,when they finally hit the country...its

EmmanuelD1st:
Vacation cut short...Bought NZDCAD @0.9209 sl :75 pips

watch your buy,just normal trend line from daily chart and NZD just joined jpy.

NZD is joining the jpy pairs to be traded...so,will go back to my special one Gbpnzd to look out for a trade...weekly chart

USDJPY is at brexit move mid,watching my buy carefully even if i don't expect it to hold that much because of monthly mid and norm...its a place to watch,any funny move then a close is necessary.uj 4hr tf

JLINE:
if eurusd re-test 1.1082 then you could join the buy as eurusd needs to close bullish for the Q1 before entering Q2 for the nucca to hit its destination in Q2 of 1.17xx and 1.22xx...remember the road won't be rosy.

well retest made accordingly...second batch of move in accordance.
@mrikay seems this might be a good time to buy the chfjpy now,bought since though when i alerted you before...its a long term trade and let it run. you will need like around at least 250pips stop,so make your calculations right and leave TP to be open...monthly chart

JLINE:
i expect a little retrace from now...but i expect a rough move like mad as Q1 ends though(spike candles and long candles). please do well to be in the right trend or a nice stop will do.

just added 2 more buy to my audusd trade now...bed things.

i expect a little retrace from now...but i expect a rough move like mad as Q1 ends though(spike candles and long candles). please do well to be in the right trend or a nice stop will do.

if eurusd re-test 1.1082 then you could join the buy as eurusd needs to close bullish for the Q1 before entering Q2 for the nucca to hit its destination in Q2 of 1.17xx and 1.22xx...remember the road won't be rosy. eurusd 1st chart
Ger30 is making my day though,will carefully watch price reaction on the broken line where there is a marked yellow x line...i expect a gap up and wait for re-test and there will be a mofu entering...2nd chart

...not trying to brag or something but to pass a message. i made my calls on monday or so with lots of trade when i was buying early and selling early too...the message is clear from the pics below,first one is just around 1-2 days after the trade and the second is just now.lol
@jorel1 i dey feel you bro,keep it on...@D1Trader,he is accountable for his actions as long as he didn't offend anyone though. its a forum and anything related to the forum can be shared even your success stories and less i forget your losses too in other to better yourself.