₦airaland Forum

Fxwarrior: I appreciate your views.Could you explain to this honourable house the money management inherent in scalping and how a losing streak could blow out an account in just one trade and how scalping gives rise to gambling?As a matter of fact scalping has the highest risk factor behind it.I rest my case.

Fxwarrior: I make bold to say that scalping is not trading.The only way day traders profit is by waiting for a day when there is volume and direction.Patience is one of the qualities of a forex trader.Forex as a matter of fact is seen as an investment that lasts from 2-7 days atleast.Its not how many trades you make that counts but how much you make from your trades.The more you trade,the more you expose yourself to losses.Take these tips seriously.My free site link today is forexfactorydotcom for fundamental news.Cheers.

Fxwarrior: At this point I call for caution for day traders.If what I know about Wednesday trades is anything to go by. Market usually stalls around 6:am and risk aversion usually sets in.So be sure to monitor your trades closely and to adjust your stop loss against any sudden move against you especially from GBPUSD.To be forewarned is to be forearmed.To long term traders I say fire on. Stop loss should not be less than 100pips to target 200pips. Note that this not my call for trade but only an advice.Cheers.

jamace: BUY EUR/USD @ 1.32200, TP @ 1.34000

BUY GBP/USD @ 1.58600, TP @ 1.6000

SELL USD/CAD @ 0.99155, TP @ 0.98400


May the pips be with you.

Fxwarrior: Anytime that happens,it means'NO TRADE' unless you are willing to make some losses.

lawson007: @Ogboraph I thought you will be the happiest man in the house now since GU is heading to your over-anticipated 1.6000.

Fxwarrior: How can you make a call to Buy Gbpusd and Sell Eurusd at the same time.These 2 pairs are meant to be headed in the same direction.You may be confusing newbies with your calls for trade. Come to think of it,your risk reward doesn't make room for consistent growth of your account.1:3 would have been more better.

kenny1984: Just back from Work. My EU and EC was closed with 75 pips in total. Kept away from the GU cos of the candle patterns am seeing.But i think its time to resume SHORT on the GU.If price breaks above the 34EMA High, then i will consider going LONG but right now its not breaking so i might go SHORT.Anyone say something on this....

Thanks...

goldenboi: Abeg why the silence??

silibaba:
i no gree. am waiting for odiaero.

odiaero is it true

odiaero:
Friend always follow the trend, dont try to carve out ur own trend, the only thing that is constant is change

okemmadu:
Who makes the trend? I hear market moves when the big boys trade. cos they trade with big money.

Ogboraph:
@okemmadu  thank you so much i will do that now i ve lock the remaining

Fxmagnate:
1.6000 will happen in the dreams, risky assets are going to fall soon, speculators are looking for a high place to sell and i m waiting to join the bear party

okemmadu:
@ogbograph  Learn from your mistakes,  Reconsider your money management ( i mean ur trading lotsize compared to ur equity) if u must use high lotsize, make sure u close all ur trades b u leave cos u can't be too sure of the direction of market since u dont use stop loss  

my target on GU and EU hit profit just as i said it on my calls i ve taken first TP   i told you guy that i was so sure of this no stoploos placed  

Ogboraph:
my man am back oh in fact my jobhas been a pain in the Bottom cosing me not to thinks well, and wen i lost 3000k i was depress allowing it to affect my thinking so i was just placing high lot to revenge on my lost i forgot that we don't trade to revenge os i had to take time off, but mack this that this call i made today is going the pay me over time 3 of my loss this is a long term trade i placed last night. i bought EURUSD @1.3151 and GBPUSD @1.5750 to TP@1.5818, no stop loss becos i am sure of this buy my eye are on it every 1hr @all those i mislead then pls am very sorry

tonjoan:
4hrs from now, we are going to be selling. My trade style is identify the overriding trend and find an entry, accommodate some momentary draw downs but eventually enjoy the ride.

odiaero:
^^Where are u shorting to? the only thing i will do is scalp, wait for retracement and buy again

tonjoan:
If you're still holding your long, you might want to lock in profit cos we might turn back from here. Talking about eu and gu. Missed you guys these past few days.

odiaero:
Trading without stop is more than dangerous, u never can tell when u will see a single 15 minutes candle go 100Pipd

odiaero:
^^ U don come back?