₦airaland Forum

meshpips:
GBPNZD

Sell at current price 1.91727

TP is open

meshpips:
Set TP at 131.78

Happy trading everyone!

meshpips:
USDJPY

Sell at the current price 132.56

TP is open

Theophinio:
Nice explanation boss

But you know market fluctuates aggressively

Except you target smaller pip profit. Is good though

Example. I took cadchf trade today with 50 pip stop loss to target 100 pip profit . Could you believe it went 49 pip against me, just a pip remaining to stop me out.

But at last smashed my 100 pip take profit

meshpips:
Set TP to 1.9052

Then place a buy limit at 1.9050

meshpips:
For today Monday 13th February 2023

GBPUSD

Buy limit at 1.2026

Stop loss at 1.1958

TP open

meshpips:
GBPNZD

Sell limit at 1.9135

TP is open

Tenifayo23:
Good afternoon bro. What is your outlook on EURUSD and GBPUSD

meshpips:
Cut trade at 131.98

place new sell limit at 132.24

meshpips:
USDJPY

Sell at current price 131.82

TP is open

Tenifayo23:
Good afternoon bro. What is your outlook on EURUSD and GBPUSD

Theophinio:
Please what happened in the said 2015 trading day

Didn't the stop loss placed immediately stopped out the traders when it got to the market price placed for stop loss

charly20:


You no wan make I do "trade your plan and plan your trade" again?

charly20:
That's my plan for next week.

charly20:
I'm not interested in any price below the ideal. Same for Gbpusd.

May likely be a "no trade" scenario today for me.

pipfisher:
[b]The 2015 incident defiled Stop and take profi[/b]t. If brokers could go broke then, who are retail traders. People's stop losses and take profits were jumped.

meshpips:
Stay on the sell insofar as 1.9205 doesn't get taken out. This is simply a liquidity sweep.
The sell will happen!

meshpips:
Stop loss at 1.9175 or 1.9180 should be fine

The more conservative trader can keep his stop loss at 1.9205 (above the swing high used to draw a supply trendline on daily time frame)

meshpips:
GBPNZD

sell at current price 1.9160

Target 1.9090

meshpips:
GBPNZD

Buy at 1.903X

Price has already picked my orders.

Target (first) 1.9111

Target (second) open

ayesco202:
SL hit.

meshpips:
USDJPY

Buy limit at 131.03

Stop loss 130.70

Target: open

teemy:
Driver! abeg stop make i enter bus.

2005 was my starting year. I recall going from exam hall to cafe with flash drive that had the old MT4 type installation folder from where I could trade on my account.

One major trade day was the JPY interest rate announcement I saw on CNN at the bank. Japan had changed the interest rates from zero to 0.5% which meant good investment in the Japanese economy. Good for the yen right? I ran to the cafe with the mind to BUY the YEN. I went massively in. The unfortunate thing was the pair USDJPY meant the Yen being strong pulled the pair downwards, a proper sell trade.

I Lost!

Again I went massively in - same wrong Buy trade - same result.

By the time I got the signals from the Marketiva forums, account had redded . GBPJPY went down 900 pips that day.

That wasn't even my greatest loss. A naira equivalent of a $30,000 account then which wasn't even my own money went the way of the graveyard of trading accounts. A debt I'm still paying back for over a decade.

Over the years, I learnt one valuable lesson - I am just too out of control on account management. I can call good trades but still lose on those trades. In almost all the years of the previous decade, I won international contests which means I must have been getting something right. However, trading on a live account without the gambling aura of a trading contest is a whole different ball game.

The markets gives us wins and losses. If we blow out our accounts during those loss moments, there will be no money left to trade during those good times which will certainly come. If not ready, do other online businesses or freelance that have little to no risk like this Print-All-You-Want buffet.

At the moment, I don't even have a trading account and won't till I complete my automated trading EA. You all know I code EAs and from the experience over my interactions with clients, i can confidently say most of the EAs on the market are not profitable. I've told some clients not to sell their works as the end result of their strategy didn't cut it but for the sake of greed still sell them. Over the hundreds of EAs I've worked on, less than 10 are winners.

It's best everyone comes up with their own trading style just like Jet Li did in the TaiChi Movie. Even if you are being spoon fed by some online guru, guru too can die or even call string of losses one day and if that's your only reliance, you'll be left hanging in the cold.

Never collect money from people to trade for them. Imagine the aura you feel when going to the bank with your Oga's money to deposit. The though of loss could swing in that to reality for you. There are lots of Prop Firms nowadays. Just be profitable and money will be there for you to trade wotowoto.

No Rush. Grow your strategy.
In all, forex daiski! (I love forex!)

Wishing you well - Teemy

klinksd:
GBPNZD {M30}

SELL {just started}
En: 1.9094
SL: 1.9100
Tp: 1.8959

...may the blue pips continually be with us... 🥂

Elliotwaveforec:
I've been on this since yesterday, targeting 134.10