₦airaland Forum

luciano is still a great reggae artist. I enjoy his music. he should not be in that kind of free gathering but it is part of the experience and that track sweep over my soul should bring him back some courage to go on. JAH messenger my man, it's just little persecution.

aguiyi:
God will purnish all this sham brokers  ,not long ago figfx banned my account and seized my $1k accussing me of operating multiple accounts which is against their terms and conditions and now naijababes $28k is gone with the wind just like that .

i feel like even crying,haba.

they will meet their waterloo very soon.

imagine a brokers rep advising me in confidence not to leave more than $5k in one account except my brokers is ECN and went on to say ''dont quote me anywhere,its just a friendly advice''.

yes, i believe that advise is good since we can hardly win a case against the rogues.

odiaero:
^^ Lol, that is ATC map showing runways and active flights coming in to land, i use my system to play Fsx too when am not doing the real thing or trading, that is my best way to pass time

ohh carry go bros, quite nice.

odiaero:
^^ Mean?

the room is like a GIS room or an aero control center, with maps and drawings as seen on two of your screens. do you work in such a place?

stagger:
Possibilities:

1) The broker's dealing desk.
2) Your trading password has been compromised.
3) You had a pending order which you did not remember to cancel.

Market maker brokers are the worst set of human beings to deal with. They just steal brazenly from traders. I have always said it that Americans and Brits are the worst fraudsters on planet earth.

They do theirs in a coded way, so you would never know what hit you.

Naijababe, sorry about this! But men, 1,000 pounds per pip? Na wa o!

terrible. was Aguiyi in one mess, now this one. there is no safe haven really, so the lesson i get here is withdraw the money little by little and keep certain sustainable size of equity so that the balance would not tempt these bad guys into this kind of mess, nawaaooo.

odiaero:
@ Wiz

GIS room more like (geographic information system) or you maybe in an aerostation control room

eemmmmm, merry xmas & a better year 2012 ahead to all the pipists in here.

aguiyi:
crude has continued to move south, am shorting eu

i have been stocking EUR for a while now for the good days I hope it comes. na dis eurozone wahala dey worry that currency and i believe that once that is settled positively, na race time.

Zeddicus:
Ok o, Good to hear what others are saying. But the truth is that even the most conservative good traders make AT LEAST 200% on any investment in a year. So whats the stingyness about nah? If those investors find out what you made from their investment,dem go craze!!

my basic idea is protection of capital against bad days/times because this market na wiliwili ooo

odiaero:
With that, am never under pressure to perform

that's quite cool, i do 20% in 6months and there is a peg on capital amount acceptable for the 6months. 100% in a year proposal na die.

Japan is scheduled to sell 5.67 trillion yen in government bills in today's session. lets prepare and watch out.

some more info.

Market makers are here to provide liquidity, so most of the times they will end up taking the other side of your trade meaning if go long their on the short side and vice-versa. ECn brokers say they pass your trades on to the interbank market and not take the other side of your trade but you'll never know unless your behind their deal desk. As to which one is better, the answer is none. It doesnt matter wich you use because whether you trade with a market maker or ecn broker, someone is going to take the other side of your trade regardless.

Stop hunting is a very common practice. Although it may have negative connotations to some readers, stop hunting is a legitimate form of trading. It is nothing more than the art of flushing the losing players out of the market. In forex-speak they are known as weak longs or weak shorts. Much like a strong poker player may take out less capable opponents by raising stakes and "buying the pot", large speculative players (like investment banks, hedge funds and money center banks) like to gun stops in the hope of generating further directional momentum.

In a 4 trillion dollar market it is highly unlikely that a single broker can control price on a whim. The only way a broker could do this is by manipulating their data feed, which should never happen if your broker is a registered NFA member. Also, depending on your broker the spreads may get ridiculous during news releases. So at times it may appear that your trade got stopped out, despite having the price 10-20 pips away.

The market seeks for orders, and stop loss orders are nothing more than limit bids.
This is why I don't like tight stops. I think volatility is good but can create a lot of noise when trying to find trends. My personal preference is to use longer time frames to reduce the noise when things get hairy.To me it is more important to follow the major trend than focus on short term indecision.

I don't think that a broker will stop hunt an individual trade. It would be pretty easy to see just by comparing charts with a different broker. I think a more likely scenario would be a crooked broker delaying or pausing a price feed to create a situation to there advantage. That would be hard to prove.

my opinion is that we MUST trade with stoploss to remain in this market, whether in a subtle way or staightup on your trades.

goodluck to those who trust robots.

unclenna:
short eu now may not be wise because no country may like to see his economy and currency drag to the mud. The eu head of states may come out with a lasting solution to the euro problem thereby taking the euro pairs to the roof. If you ask me i will say my bias is BUY EU & GU. I started buying gu and eu since yesterday and i have lots of pending orders to buy more eu and gu in case the price fall more.

wow, nnaaa, on same page

more pips to all ya.

Massive coordinated central bank action inspired risk rally. Breaking News: Fed, ECB, BoJ, BoE, BoC, SNB To Lower SWAP Rates By 50bp (dailyfx site)

-central bank swap rates lowered by 50bps
-china cuts RRR by 50 bps
-eurozone fin minister meeting fails to produce result
-look out for yen underperformance
-month end flows should factor into price action

if you traded off daily charts like me with stochastic833 (20band) you should have been weary of short positions in the near term on dollar crosses.

da student:
Account statements don't actually tell you anything.If your account statement as been good for four months,it means the trend as been good to you because you have to face the fact,that when the trend stops,you might face months of volatility that could either MAKE YOU BREAK EVEN,or loose your account if you don't know how to swim in the storm.

seconded.

naijababe:
Where u hide since?. I have indices on the MT4 that FXCM provided, it working wella o. 

The US economy isn't exactly kosher either, just you wait till all the eurozone crap ends and it will be the turn of the dollar to be the whipping boy especially against the british £.

yes, and that bobo/kid looks great and betta than the leg b4 eeenheeeen.

Keshi is not stup*d. My advise for him is to gradually look for replacements for all these 'big' boys keeping our football down the tunnel of failure.
We have many good footballers waiting to shine. Keshi pls find them and groom them to limelight abeg.

Concept:
EU ~ 1.3550 is crucial if it breaks bulls can ride on for a while.

yeah for a while because christmas season fever don dey near when USD is usually strong and tries to beat the techs.

Zeddicus:
Very true. However,when i get trade signals on it,i take it. Only requires 10x patience.

supported.  

naijababe:
Big man, how u dey now? Long time o. Anyone heard from stagger?

chai big man? dat na from your crystal ball i guess; i for don buy you from your bobo naaaa well i dey ooo. nothing from stagger yetoooo. I hope he getting better anyway.

pls if you need the auto trend indicator file, just send me an email so we don't flood this thread with requests, you dont even need drop your email here, just send me request email at exlora2000@yahoo.co.uk. Thanks.

Have a rewarding pipping week.

he would have made it well in the entertainment circle, cracking ribbs with his grammar stunts

stagger:
Please if there is anyone who has made losses, I think it should be ok to post it here so that the reasons for the loss can be analyzed for the benefit of everyone here. I have not been in sound health lately and I have kind of lost touch with market happenings.

How far? hope you don dey strong naaaa abi make we tuneup the prayers/binding/casting out. Wishing you quick recovery and back to the business.

NB, today na sunday, i just surface, guys don't mind me, i go dey chase the posts as i fit.

[quote author=pip love-vendor link=topic=800194.msg9591336#msg9591336 date=1321720099]Been in this game long enough to spot bullcrap. . . . . .there are only 2 ways in this game. . . .either you are like odiaero and have a bottom less pit to trade from. . . . . in which case you can scalp where 30 pips could equate $30k or use your head. . . .and do it the right way. we are all internet warriors hiding behind a computer. . . .but there is a way to identify the wheat from the chaff. . . .their utterances and knowledge of the game. agree or not 90 percent of people here who shout and dance atilogu when they make 50 pips disapear after a while and you never hear from them again. Even the one's who claim to be winning are secretly crying. . . . marketiva taught me that. . . . .trying to show you the right way but human nature is naturaly stubborn. . . . . belief is forex is the shortest way to eldorado and forgeting that it is like any other business and should be treated as such. . . .anyway i was like that once. . . .goodluck with this style.[/quote]what you are saying here is a professional holy grail for long term trading (this is btw me and you, email me if you like exlora2000@yahoo.co.uk for more yan ) but many people may not fancy it because they may have a faster way thru intra day trades; people have different approach to trading according to maybe how much time they have, how much equity is available and how they wish to manage it, but the long run results (yearly maybe) tells the whole story. Make you make am more civil naaaa, me i dey learn too, i neva finish learning.

@blkmum700

I also saw that advert on dstv. It is from Our own Access bank Plc but i do not know if it would involve forex trading. we need to make some enquiries or just wait and see what would become of it in later years.

(My Opinion)
Food for thought: Real traders make their own decisions and don't rely on others to make their trading decisions for them, there is no halfway; either trade for yourself or have someone else trade for you. Both ways there are risks/rewards.

If anyone needs auto trend indicator (used with Mt4) as a rewarding weapon in this business ( i rely on/use this best with daily charts for reversals & or breakout warnings/alerts) holla me at exlora2000@yahoo.co.uk and you would get the file and put it in your mt4 indicators folder.

Happy pipping,
bye.

you can also get currency meter here http://www.fxmri.com

It is free to signup.

JAkpayen:
We are almost there. We are becoming advanced traders, then professionals. Yippppppeeeeeee!!! Season 3 at last.

yeah, that is where i hope we all would get to , together some day, so that our joint trade direction can 'influence' the market direction (tall dream).

I join to welcome everyone to season 3

there is human behavior effects on price movements, you need to factor that into your trading strategy before you can count yourself a pro, you need to recognize when bulls or bears are thinning out on a trend and match it with impending data/news release and then your techs. that way you might recognize how the market is behaving (human interactions) at a time and make informed decision about your trade based on your technical bias, and i am still learning the ropes, my best performer is still stoch 833, despite of all the noise, my 1k.

FOREXMART:
I received a pummelling this week. Diamn!!! what went wrong?

nothing was wrong, the price moved against your proposition there would be a better day. pelee.