₦airaland Forum

NZDCAD sell now for a new low...

Price is very elastic, it stretches very well before a significant move... thus follows hookes law of elasticity

EURCAD the sell party

PIPsharingan:
Hello Pip Slashers,

Concentrating on my next slash while I wait for my my SETUP to unfold

Please any info on a good tablet strictly for FX within the range of 50k?

May the pips guide you.

I didnt know there are tablets designed specifically for forex , I thought all you needed was your internet + android platform to install Mt4 , the tablet or phone specifics is up to you. however google is your best stop to check for tech reviews

GBPNZD GBPJPY moving in opposite directions since two weeks Apparently the former is set to fall

EmmanuelD1st:
I know a successful trader with a 30% win rate... The professional trader would advise below 2% (this advice is mostly for newbies or wannabe traders) because blowing up your equity would be difficult, that way the new trader will try out systems that could work, control emotions, instill patience, discipline etc in trading [it will take close to a hundred trade without a win (which is practically impossible)to blow up an account on a 2% risk]. About 20% profitable system not being a system; Sir, I have a system which is 20% profitable, it has a RRR of 1:6, risk/trade 1%. Sir, I presume you are an experienced trader, do the math, it's a profitable system.

That was what I always do during my early days of trading , but these days I control my risk myself , I dont need some so called self acclaimed professional trader who probably only teaches on youtube and yet doesnt trade at all to advice me what or what not to risk
The idea is that once you get to a stage in trading of knowing what you r doing ,then you are in control

EmmanuelD1st:
I wouldn't say risking more than 2% equity is greed. I would say risking x% of equity depends on the profitability of your trading system...for example; Risking 2% of equity on a 20% profitable system with a RRR of 1:2 is suicidal, in fact you'll surely fail even if u risk 0.00001% of equity on that type of system (I would't advise you to stick with such system). Why on earth will I risk 1% on a 80% profitable system, just why? When I know I can comfortably be risking 5% on a trade with little draw down. So sir, risking a particular % on a trade should depend on your trading system (my opinion).

Fact

Moneyyy:
Greed is when you risk more than necessary, and for me I'd say when you risk more than 2% of your equity. It's not necessarily about the number of pips you risk.
And yes when I lose I walk away with a smile, I don't try to chase it like a newbie. And yes such discipline comes with years of experience. It's not about whether you lose or win today or this week, it's about being profitable in the long run so losing money today or even for several weeks means nothing to seasoned traders. Like I always say, it's a marathon and not a sprint and the earlier you approach trading with that mentality the better.

Thanks for the updated definition

Moneyyy:
Word! That's why I'm never greedy and more than happy to make my 20pips and walk away. I'm of the opinion that no one and no system can accurately predict the long term or even midterm move of the market; it's much easier to predict the very short term move of the market and that's exactly what I explore.

Greed is a relative term. Going by your meaning of greed , If i trade for only 5 pips everyday then I guess I would term you 20 pips trader as greedy . You see we tend to misuse the actual meaning of the word GREED in trading.
However, what happens when you make your 20 pips lose twice consecutively? Will you walk away?? Or still be contended with 20 pips gain in next trade??

jorel1:
GBPNZD current resistance seems to be hold , just sold together with GBPJPY both TP >= 700pips

GBPJPY angry buyers waiting at #164.27

GBPNZD current resistance seems to be hold , just sold together with GBPJPY both TP >= 700pips

GBPNZD hopefully. Arriving destination nextweek

Kirinwa:
Nailed 800 pips here.

Total Net profit = 950 pips for now this week.

I like when they come in triple digits

GBPJPY , 167.54 area is also a significant possible buy area to test..

jorel1:
I just opened a buy ( Am out if current support gets compromised) for a tp of #180.34 from there I sell it down to #163.35

Level breached, the strong downtrend indicates destination is #164.35 area for this month candle formation , which is next buy level for me.
I will join this down trend for a sell when it retraces to retest this previous support turned resistance #174.9.

Owliver:
let me guess. no SL

Actually I didn't set a stop loss yet
bought from a base ,so if price breaches it am out.
Awake until 5am

EmmanuelD1st:
Which way GBPJPY?

I just opened a buy ( Am out if current support gets compromised) for a tp of #180.34 from there I sell it down to #163.35

Luckystar220:
Forex and binary which 1 is even more profitable

The answer to this question, you have to try both and decide for yourself.
These days, I charge a consultation fee to give an exact response to such questions.

russy:
can you see 135pips gave 1.2%, i like this type of trader, i will like to follow this NO TENSION type of trading. congrats guy.

Lol, it means at $100000 deposit, 135 pips indicates a $1200 profit made could be better tho

Newton's First Law states that an object will remain at rest or in uniform motion in a straight line unless acted upon by an external force. It may be seen as a statement about inertia, that objects will remain in their state of motion unless a force acts to change the motion."

This law is equally applied in the market , an object { sellers } would keep moving until they meet an external force { buyers }

GBPNZD take profit area #2,25 , looking to sell from that region down to #2.107. depending on market condition

Owliver:
lmaoooooo.... how do you expect to see withdrawal talks here. this is majorly for alerts na... very funny

Well, logically If I see deposit related questions, I also expect to also see questions related to withdrawal...

iheanyiebeneze:
I usually withdraw via my Local bank account, and i think you can fund via same route. Bank transfer or online bank transfer.

lol Finally, I found someone who withdraws ... The bulk of the posts I see here is mostly about deposit deposit..making me wonder if my previous mirror maze hypothesis was correct .

justpeehay:
why broker give deposit bonuses when it cant be withdrawn i sometimes wonder.

The deposit bonus is offered as a credit only to expand your margin level, but to their advantage as well because

Just like every other day
Some keep losing and some keep winning

currentprice:
they are two different trader,,,,,, benpuzzy is forex is sweet Shevychen2 is no nonsense of a trader if you bring it hot he gives you hottest though he left the house for this same guy accused of Kitty-Cat licking

Lol, the guy only asked him to leave forex trading for pussy licking business, which I guess he humbly inclined to..
Obviously his absence shows business has been good....
Close this topic , else you 'll be accused of forex trading

benpuzzy:
Oga does what i wrote there look like the pussy licking and love making business you do in Abuja? You better respect yourself and stop quoting me if you don't have any meaningful thing to write or, do you think that we are here for child's play? Enough of this your busy-body and stupidity.

I lick pussy in free time and when i need quick money except during trading hours ..
And my pussy licking business was badly affected by GEJs supposedly masked humble and honest behavior.

I hope now am able to convince you , how your comment relates to my pussy licking business.

However, Its a pity I refuse to open some fake account related to pips to gain some reputation and I won't. Since you are one of those douche who tends to run a profile background check when someone offends you , probably due to personal low self esteem (while you running a double or triple profile )to compare level of stupidity with yours , well sorry you hit the wrong one this time.
Maybe your wife's pussy was one the disqualified pussies i refused last week stupid prick

benpuzzy:
You were selected because you are among they few humble and honest traders in the house. I supported the motion because you have always protected the newbies from the "marketers" that comes to this forum, this will afford you the opportunity to do more.

Lol you must be one of the big fans of GEJ.

Sunnycliff:
You are here, Benpuzzy, Naijababe, endfx, etc! You guys are oldies so that is not a problem! You can as well do it for us. But the turn up to this years FTA THREAD is less than 60% of last year Imagine we have pages less than 400 for the whole year. Its like many of us oldies left the business of forex to other source of livelihood.

Still optimistic of 2016

Its not about the livelyhood ,rather its about the passion when you see forex as some kind of bussiness ,hmmmmm success rate tends to diminish but when you develop a passion for it as a hobby then you just dont have a choice than to succeed.

So the bolded (above) weren't meant to be traders in the first place...Moreover if you can not succeed in an ordinary buying and selling business from the comfort of your home, what other business would you succeed in?? apart from some professional career or probably 419

jorel1:
# 0.686 as support base, am buying AUDUSD , its in sync with my earlier AUDNZD buy call.. pairs initiating a big correction across , likely to last a while.

Not valid, AUDUSD ..price quite far from support base.

# 0.686 as support base, am buying AUDUSD , its in sync with my earlier AUDNZD buy call.. pairs initiating a big correction across , likely to last a while.