wiconse:


you said people can't make a living from forex without having up to 10k which is not true. my point is you can grow 100usd to 10k with time. all you need is conistency. if you really understand this market very well, no amount is too small or big.
Take an instance, whereby i have up to 20,000usd as my balance. it is going to get blown if i don't know how to trade. after that, i might decide to learn or i can say that forex is a scam.

the most important thing here is education. knowing how to trade is key to success not some 1million dollar account

Edd1e:
It's being a good year trading year. Hope people here learn a great deal. Thanks to those who keeps this thread going, teaching us, giving advices and helping us in our Trading, we really appreciate.
Thanks to everyone who at one way or the other keeps this thread alive through thick and thin... We hope to continue the peace and education in the next thread.

Thanks to Saxy4c, PipMarshall, Pipnator10, others, for the charts and education, I can't begin to mention monikers, here go full.

I will like to implore the veterans here to create the next thread.

@infofirst
@currentprice
@Shevychen2
@Priceaction
@other veterans

It's being fun guys

Wishing us Merry Christmas and Happy New Year in advance...

saxy4c:
See what I adviced even if it happened much faster than I thought?
GBPNZD has hit TP of 110pips.
GBPCHF up 50pips
GBPUSD up 50 pips
Over 200pips recovery on a single 15mins candle even though trade went back to entry and stayed there for a bit. I'd ecplain how i anticipated this later.

saxy4c:
Selling NZDCHF AT 6490 sl 6540 tp open, I will attach the reason for my trade later so I don't post this late.

saxy4c:
Trades cumulatively up 100pips in about 40mins. There is a thing called momentum trading, it works with certain levels and time. It would amaze you that some people set alarms in september to take a particular trade at 8am this morning , it happens. If 1 person at least took this trade can you mention?

infofirst:
This last one for the year as alert

Audnzd... Buy 1.0450. Sl 1.0340. Tp 1.0800
If you can keep this till next year. Happy pipping Happy vacation.
Make una remember me in prayer too. Down a bit. In some Hush. #Godprotection

saxy4c:
So its 8 days to the end of the year and I've come up with this plan to see how we can improve on our trading as well as make some money, I will try my best to provide us with only low risk trades for this project and I do not guarantee in anyway that we would get these results but I see its possibility.

I will call this the Fisherman project and I seek the permission of the OP if I can carry out this on his thread. I don't see any reasons to open my own thread because you came up with this platform and you deserve the traffic that would be generated here. It won't take you 2days at most to open an account with HF and get it funded ready to start this off in January.

I would be funding the accounts of the first 5 people to show interest in this project by messaging me. Hope this shows some good fate on this project and I also indulge our seniors on here to sponsor as many as they can. 2020 would be a great trading year insha Allah.

saxy4c:
A very important factor in my trading is correlation. Before I take a trade I check if other pairs that are negatively correlated [moves in opposite direction of the pair I want to trade] or positively correlated,[moves in the same direction as my intended trading pair]. I use correlation to also hedge certain positions, especially when I'm running in loss on that trade.

You don't have to cram these correlations in your head. With time and constant trading it would just become a part of you. For example I can never buy the EurUsd and USdchf at same time. One would definitely hit sl as they are negatively correlated almost 100% of the time. But not all pairs keep their correlation though. Last year USDCAD and USDCHF were 100% correlated but this year it's been just about 25% of the time.

Another reason I use this method is because atimes a particular pair might be moving too slow for me so I add up a correlated pair that would help boost the results of the first trade. For example I buy AUDUSD for 100pips this night and by the time I wake up tomorrow, it's only giving me 5pips [NZDUSD & AUDUSD are also almost 100% corelated but their movement can be very frustrating sha]. I most probably would sell EURAUD [this pair is almost 100% inversely correlated to AUDUSD] in the morning to take advantage of the volatility of the EU session. Or buy AUDCAD

To be an effective trader and understand your exposure, it is important to understand how different currency pairs move in relation to each other. Some currency pairs move in tandem with each other, while others may be polar opposites. Learning about currency correlation helps traders manage their portfolios more appropriately. Regardless of your trading strategy. Now take a look at my past trades and try to figure why I combined certain pairs to trade. Hope this helps someone here.

AyoII:

@MrUnder i think you should focus more on money management to me thats the holy grail in forex trading.
You might make 50 pips a month after winners and losers are subtracted and still end up winning.

Ummuaisha:


You wey bi pro dey claim newbie

Ummuaisha:


Me ke

meshpips:


This sounds like a nice idea but in reality, it will only end up confusing the newbie.

Think about nomadic herdsmen, they have their own flock and designated places and times in which they are fed.

Now imagine a cow going from one herd to the other, joining them to graze on different grounds, probably not having time to regurgitate and chew its cud. Though it keeps eating and following different herdsmen, it is not benefiting in actuality.

My counsel: choose one person and follow through as a disciple until the end.

Too many cooks . . .

Ummuaisha:



Association of newbies, I think there is need for us to organise ourselves for a kind of seminar, we need to call all these big bosses to bestow us some of their knowledge. As little as I understand forex every knowledge worth learning and never a waste.

saxy4c:
Trades cumulatively up 100pips in about 40mins. There is a thing called momentum trading, it works with certain levels and time. It would amaze you that some people set alarms in september to take a particular trade at 8am this morning , it happens. If 1 person at least took this trade can you mention?

Ummuaisha:


Really appreciate this boss, I don't know why some people refuse to be positive, some will never believe themselves just because they remain Thomas come with all the proves you have in this life they will never see any good in what is good, Saxy4c is an angel in human form, just on this platform we met and ever since he had offered to help me he had never demand a dime from me, I wish I open a live acct next month, but he advised I start now, I opened this acct on Friday and with his efforts and guidance the acct is wonderfully growing, everyone make loss in forex but only ensure your profit exceed loss, I traded the acct for two days and has 60% profit, I'm not obliged to show anyone my acct, but this man is doing his best to send signals I'm due time for us to benefit. What I'll advise those coming here to rubbish his efforts is that stop taking his trade, you're all good in your own right, but bad comment and response may stop him to continue because we are all human, if you cannot appreciate the kind gesture please waka pass and allow otondo like me and other fellow otondos benefit from him. Sir Saxy you are good in what you're doing and you're kind enough to allow other people benefit from you. Keep doing your work. We are grateful and appreciate you.

Gedifok:
Hi guys, please help me check my chart
I want to know if I'm on the right track...I'm going for a short bias, the price is stalling at a resistance area and it's also on the end of wave3..am I getting it?

djwalata:

Well said. This is y I prefer daily tf to others. Look at these 2examples on charts, 4hrs tf will certainly tell u that 1.3340( resistance) has been brooken on 2trading days, where as , it hasn't, it kept on closing below it on a daily tf( note, this is where brokers who use new York closing time for its candle is important) comes in. We all know (except newbies, now u know,) that new York is d biggest of all d 4trading sessions.
Look at usdcad as well, it went downward beyond d channel and support (4tf would as well tell u that d support has been broken but it hasn't) it closed back upward inside d channel and above d support 1.3144
Don't b deceived, 90% of well respected/successful traders will tell u "u ve over traded once u open as many as 10positions in a day(good set up's r hardly come by in forex, ) newbies should leean these instead of waiting for who to give u signals.

meshpips:
A quick question to all traders in the house.

The FOREX market runs for 5 days each week switching from market center to market center during this 5 - day period.

Traders use different time frames for their analysis.

Which time frame can we then say is the SUPREME time frame on which analysis should be done?

saxy4c:
Nothing una no go call me,lol.
Yeah, that's a yearly chart.
You have begun to align with the true patterns of the universe, you've not even started
Now with a little more time you would comfortably say in 2 years time, price will either be here or there and you'd be approximately correct. E dey happen oh. Not those binary traders losing money daily and looking for new people to suck into their loss, ekpele

saxy4c:
This one got to 30pips and has given back all gains. Still holding her. NZDCAD got up to 40pips and NU is playing with itself with negative 20pips. Let's see how we end with these. But this is exactly how the market makers play with your brain when all of Nairaland, Forex factory, babypips and numerous trade sites are shorting the NU. They will try to frustrate the weak hands out, be strong and Good luck to all.

saxy4c:
This one got to 30pips and has given back all gains. Still holding her. NZDCAD got up to 40pips and NU is playing with itself with negative 20pips. Let's see how we end with these. But this is exactly how the market makers play with your brain when all of Nairaland, Forex factory, babypips and numerous trade sites are shorting the NU. They will try to frustrate the weak hands out, be strong and Good luck to all.

PipMarshall:

You could just filter based on RRR.
The ones with optimal RRR, you can enter.

I hope someone got it.

djwalata:

I'll sell nzdusd if today's candle didn't close above 0.6590.

saxy4c:
@Ummuaisha [ladies first ] @infofirst @bojbest @Donvic4u @MrUnder @PIPnator10 @maryjames9 @dammy20 @peteregwu @PipMarshall @sundaykc3 @Joseankles @currentprice @AyoII @jammer777 @redsox11 @Shevychen2

I do not really know how to deal with commendation, my madam says I blush like a kid when the least nice thing is said to me, but I just need you guys to know that I'm greatly encouraged by your kind words. By God's grace we'd all achieve our goals together. I'd focus on doing better for the ones that feel the impact of what's shared on here and blank out the negatives. You are the real MVPs. Thanks a whole lot and have a great weekend.

saxy4c:
This thing moved quite good for me, adjusting tp to 1.9350 on GA and once that hits, close GN. May our Demo calls and trades continue to make profits. For the real traders, if you made money on these calls please encourage a few people.
Next would be withdrawal shots. No time for cheap talkers.
Newbies learn to filter the noise, I am always available to help all insha Allah.

Boringdraw1:
I want to learn forex oooo, who Go teach me?


Please......

saxy4c:
EJ is following my plan and has been rejected from the trendline. I would wait for a retest and see price action before I enter. You can plan your trade way in advance and trade that plan when the opportunity arises. It's not further science.

infofirst:
If not for fear of been ban. I will personally have attached a screen'shot of my chat with @saxy4c where he told me his good intentions to Nigerians. Where he even challenged me to sponsor 10 struggling traders here and fund their accts with $100 each and hand all to him to manage and he will ensure they make more than the minimum salary in Nigeria from it every month. I can go on and on.

@saxy4c I do not know from Adam. But I could tell from him series of calls that he meant well.
He had to start showing accts because someone accused him.

For the benefit of doubt. We shd take demo as real. But because some of us have made our mindset. We take to hurl insults and all of that.

It is well. I love to touch Iives not because I have but because my little touch can make a better difference in the person lives. For those that will probably come across some of my posts in the future. Do not relent, I will ghost mode. If I love your approach, I will not be shy to reach out. But no doubt I can see my active show here dwindling gradually.

Pardon my Grammer and pontificating.

PipMarshall:
Audjpy.

Good sell.
Stop 100 pips.

Target can be up to 300 pips.

Meanwhile.. Gbpnzd beginning to push higher. More to come.

saxy4c:
This thing moved quite good for me, adjusting tp to 1.9350 on GA and once that hits, close GN. May our Demo calls and trades continue to make profits. For the real traders, if you made money on these calls please encourage a few people.
Next would be withdrawal shots. No time for cheap talkers.
Newbies learn to filter the noise, I am always available to help all insha Allah.

saxy4c:
My brother, its things like these I breathe to give me more life
Allow the wounded dogs to lick their wounds in the dirt while you suck the sweet nectar of your profits. Fortunately you understand what the forum is about as it is called. Let's continue to share profitable alerts and get us to achieve our every dreams.
Keep up the good work.