₦airaland Forum

unclenna: There is a difference between chasing dollars and learning how to catch pips...........If you make $500 in a week with an account of $1,000 - $2,000 you are over exposing your account and chasing dollars........Using a lot size of 0.5, 1.0, 2.0 for an equity of $1,000 - $2,000 is a sign of greed.Pals you better watch it.......Many people who started like that are no longer in this business...........Forex is a business, treat it as one.

Beginners, Please listen to this man called Unclenna. He's telling you the truth about this business, in July 2008 I turned account of $1200 into $6300 just in a month but what happened after it was a disaster that take me years to correct. When you make unbelievable/unrealistic profit in trading, the best option for you is to withdraw your money and go away for some time and never think you will continue with the trend or else, you are going to blow account upon accounts. You may not believe me because you have seen someone who sustain the flow but ask yourself this question. How many traders can? If a lecturer set his/her questions because he/she know that there are genius in his/her class, the lecturer will not only be unjust to other students but will soon be kick out of his job because many will be failing his/her course every session.

Just my opinion

bond777: But it is still very possible to follow your system and rules and still lose a trade. Just that inlong run, your wnners outwits your loses

Lets vote - will EURUSD open with gap up or down? I vote for down anyone else?

Cheers

Up

This is not the time to show off but just to show how consistent one can be in this market if he really know what he's doing. Trading is hard now because of the events in around the world but if one keep to the rules of his system, he will come out better because better days are ahead of us in trading.

See attached statement.

If you are shorting EU,GU & EJ it's better to move your stop to breakeven before 9.30am because anything can still happen. I have moved my stop and if it stops me out of the move no problem, my account will be safe rather than giving back all to the market.

Just my view.

ehizmac: Mr zeddicus i have no plans of dumping this system cos i have been using it since 4years now and it keeps repeating itself...its not that i can do short term trading but i dont want to considering the emotions that comes with it... since the day i discover the secret of the big boys, i decided to embrace their style thats why you see that only 5% makes it in this business called forex

Your attachment does not say anything about your strategy. You went Long on EU and Short on the same pair with a week or so. Does your system make use of position hedging or how do you follow trend when are the Buyer & Seller inside one trend.

You can share your reason/secret with the house and not minding who will argue it or not accept it. After all it is your system and it is your account you are using it for and it is no compulsory for anyone to use.

I am not attacking you o. Just my view.

If you follow Unclenna system by now you should have made more than 50pips and I will advice you close shop or reduce your lot size before placing another trade so that you will not give what you have made back to market. Trading is hard this season because of many political events and crises all around the world and this is the season where traders do dump their systems/strategies in searching for better one.

Just my opinion o not command.

infofirst: In forex currency trading, a successful Forex currency trading system able to deliver these 5 simple things:

1.It must not be a robot. (if forex robots do make big money, there will be no poor people in this world)
2.Have a track record over 10 years. (to prove that it is CONSISTENTLY profitable regardless any market conditions)
3.Do not reveal stop loss. (to avoid stop hunting by market maker brokers)
4.Do not affect your quality of life (do not require much time to stick to computer chart all day long or night-owl trading)
5.Do not cause emotional roller coaster. (make big profit and then suffer big loss the next trade)

As simple as that, if you are able to follow this type of system with discipline and consistently, then you are sure on your way to become a successful and profitable forex trader.

Where can we find this type of system in the world of trading? I believe only system that work round the clock and make profit in regardless of what market is doing is YOU (THE TRADER.

Every designed system will have its own pitfall, the way the trader manages it during this pitfall will determine the end result. I have traded all manner of systems and I have discovered that Market is not made for the systems rather the systems were made for the Market.

Market always have supremacy over any system that's why we make loser once in while.

JAkpayen: Can you agree #178 considering the volume I need. It's for a friend who needs it urgently.

Guy LR is scare now and there is no where you can buy it even at N180 in Nigeria for now. I will reduce N2 for you so you can pay N188

JAkpayen: Does any1 have Liberty Reserve for sale, I need over 2K units ASAP.

Can you buy at N190/$1? If yes, send mail to pipmaster77@gmail.com and I will forward my details to you.

unclenna: FREE CASH FOR GU NOW AT PIVOT 1.5617...BUY GU NOW 9:00...27/06/2012 @ 1.56176 T.P = 1.56676 S.L @ 1.55676

Oga, how you dey? The pdf document is too large to be attach here and I do not know if there is a way you can attach it to your FB page.

God bless you.

unclenna: Thanks for that great work...if Nigeria can be like this our forex forum we will be better than America and Europe combine..........go ahead and share it

The file is too big to be upload here. Can someone tell me how to upload it so that our members can easily download it.

Thanks

unclenna: Bro you can go ahead....since is for the benefit of all....All glory to the HOLY GHOST that at least we have something to come..............I cannot wait for 10pm to come..

Check you mail box, I just sent you a mail

Having gone through Unclenna system and his rules/explanation, I can only say keep up good work. I believe anyone can trade the system with easy even though the PP indicator has been around for ages but Unclenna rules and explanation what considering.

I want to ask Unclenna if he want me to convert all the attached notes (rules & explanation)into one PDF document.

Unclenna I will be waiting for your answer.

Thank you.

dorben22781: Gt

Sent.

Thanks and God bless

Please I want to find out if Unclenna system is not meant for people like me? I have dropped my email on his FB and even here but I have not receive the system or perhaps the people who have received it are busy testing it.

Should in case anyone who has received is reading this post. Please send it to pipmaster77@gmail.com

Keep up good job

infofirst: sent

Guy, kindly send copy to pipmaster@gmail.com

Thank you.

ehizmac: yawning....my positions still open...
forex is an investment i dont look for quick profit rather my positions can remain open for like 2months with over 400% ROI...i would advise that traders look for long term trading system that can keep them longer in the market so as to avoid so much noise in shorter time frame... this year i have closed only 2 major trades thereby generating over 1000% ROI, dont ask me how...longer time frame is the only way to succeed in forex. my one cent

Oga naa lie o. You can be successful both ways (Day trader or position trader) but if one does not have enough capital while leaving trade for weeks when you can use your equity for another trade. People trading on the exchange floors do combine the two.

[quote author=unclenna]SYSTEM TRADE ANALYSIS FROM 18/06/2012 TO 22/06/2012

TARGET: 250PIPS PER WEEK
Day 1:+57pips
Day 2:+45pips
Day 3:+25pips
Day 4:+57pips
Day 5: +2pips
TOTAL: 186pips
Comment on the result please.
[/quote

Guy this is more than good. If one can be taking 100pips every month out the market, the sky is not even the limit. I only target 50pips every week but there is no week that I have not harvested more than 100pips, some weeks even as high as 300pips. When we aim for small pips, we tend to trade well and follow good setup.

The market will always be there even when will have gone. Can't wait for you tomorrow.

hisableplc: Good job uncle
but mr survey it hasnt hit TP yet wat platform are u using?

Move your SL to breakeven +2pips and enjoy free trade.

Just my opinion.

Learn not to turn winner to loser. Always protect yourself from the market. Your TP might not hit all the times but if you protect yourself from uncertainty of the market, you can always reenter or better till come back tomorrow. Do not plan to hit home run or else your account will suffer terrible loss the day you miss it.

Just my opinion.

My Fxpro platform is hanging. Pls is there anyone in the house experiencing same?

unclenna: SELL EJ NOW 22/6/2012 5:51AM @ 100.91 SL= 101.40 TP= 100.41

Do you normally use mt4 trailing stop or you have EA that lock in pips for you should in case market suddenly reverse before hitting you target?

unclenna: I have a money management chart which helps me know the right lot size to trade............GOD will not allow me to trade 0.2 lot size with an account of $1000 even if am 100% sure of the trade..... to me is gambling and not following my trading rules and money management chart

for instance,
$1000 .... 0.1 Lot size
$2000 - 3000 0.2 lot size
$3000 -4000 0.3 lot size

If am on 0.3 lot size and lose some cash that will reduce my account balance for instance to $2,999.00 my money management chart will indicate it and immediately I will reduce my lot size to the appropriate range in this case 0.2

That's how I trade forex.....I treat it as business.

I do the opposite

$1000 - 0.2
$5000 - 1.0

Reason, I do most of my trade using M2 offline chart (Renko chart) and SL is always close because there's no noise in the chart but I think I need to reduce my trading size now if I am going to follow your system (pivot points strategy). For months, I have been trading mainly EU and I do target 50pips per week (winners - loser = 50Pips), 200pips per month which represent 40% increase in my equity but most week I do surpass my target.

I believe this book will further help our members.

unclenna: What kills people in forex trading is not really lack of good trading system but
1)GREED and
2)POOR MONEY MANAGEMENT
3)FEAR OF LOSING MONEY
4)POOR TRADING SYSTEM.

Let me share something here:
Do you know that each day I execute only one order....win or lose
Do you know that each day I just target only 50pips
Do you know that each day I trade only one currency pair
Do you know that some days I don't trade because my system did not generate any alert
Do you know that once it is 4pm I close my trade if it has not hit the target....I close it win or lose
Do you know that every Saturday I go through my orders, analyze my orders and check if I really followed my system
Do you know that each week I target 250pips and each month I target 1000pips
Do you know that if you can make at least a consistent 800pips every month that in 6 months you can grow an account from $1000 to over $35,000
And many more.....how many of us can boost of a good trading rules and good trading plan
How many of us has taken time to consider all these......if you can do all the things I listed above then congrats and welcome to millionaires club in USD. I HAVE A GOAL. I HAVE A TARGET AND I KNOW WHERE AM GOING......FOREX IS AN INVESTMENT...IS A BUSINESS...TREAT IT AS SUCH AND IT WILL HAND OVER WEALTH YOU NEVER BELIEVE YOU CAN HAVE

Good points and worthy of emulating but what's the maximum draw-down you normally allow or what's the maximum % of your equity you do risk on a good setup?

Thanks for your good work.

surveycash: I dey trip for this your system ooo. Can you share?

It'll be share tomorrow according to his statement.

naijababe: My apologies, that should read 8410.



The truth is that the descending triangle formed weeks back on both the daily and weekly remains valid. It's been bouncing up the trendline and down the horizontal support for a while , the weekly chart is suggesting that it could get as low as 1470. I'm staying away from gold for now

Madam how u dey? Thanks for your good work. Today is first day I traded futures based on your alert but it was unfortunate that I was not in front of my screen to adjust my SL on crude to 8410. The SL was hit at 8310 because I wasn't around but the signal on Dax worked.

I hope I will be able to recover my loss this week.

Keep on the good work.

EPOMA: In Trading?

Yes in trading because we make decisions everyday base on our systems/strategies. Holy Spirit can instruct one on which pair to trade but He wouldn't do the work of studying your chart and master the art of trading for you. He'll influence you and shorten your learning period, all depend on you as a believer to acknowledge His work in your life.

danberg: BOTH! I want to make my ATM machine [Robot] available for fellow traders to make some money for a change.

I am not even collecting money upfront. I will be paid from your profits.

But the moment anyone makes profit, please post here for others to know its real.

Only when this is confirmed will I take upfront payment of $2000 [goes for $5000]'
===================================================================================
SEE IT LIVE!!

I've Just opened a new account TODAY. JOIN THE BANDWAGON! NAIRALANDERS ONLY!

Please, download my forexbroker's trading terminal from their site below; so you can follow the trades from tomorrow!

go to http://www.axitrader.com.au/

My LOGIN details are:

Login : 182569
Password : r3fbgzj

* I AM DOING THIS TO SO YOU CAN BELIEVE AND SEE FOR YOURSELF. ALSO, NOTE THAT THIS OFFER CAN BE STOPPED AT ANY TIME.

* I CHARGE $5,000 HERE IN GHANA FOR THIS ROBOT. BUT FOR FELLOW NAIRALANDERS, I WON'T TAKE ANY UPFRONT PAYMENT!

* YOU'LL ONLY PAY ME WHEN YOU MAKE PROFIT!!!

* YOU CAN USE IT ON ACCOUNTS FROM $1,000 ABOVE. (ACCOUNTS MUST BE IN MULTIPLES OF 1000)

* OPEN A LIVE ACCOUNT WITH THE ABOVE BROKER AND CONTACT ME.

* I WILL INSTALL THE ROBOT FOR YOU IMMEDIATELY.

CALL OR EMAIL ME: 00233 540 39 7858; dele_duke@yahoo.com

Oga the details of your ATM you posted here is demo and no one will take you serious. Kindly post details of your live account with your investor password only so that I can monitor the performance and report back to the house. Trading demo is different from live because nothing is working against you neither your EA and you can decide to do manual trade and risk almost of all your capital on let say 10lots and scale out of the trade with 1lot each and it will look as if your EA successfully won 10 trades without loss.

What happen to Leoprotrade EA, the owner do manual trade for sometime and claimed it was the EA and since it was launched for public the EA never made $1000 successfully apart from the profit it made before the launch. The version that meant to trade Usdchf & Usdjpy even crash the account to zero level. I am not against you neither your EA but I do not want people to be cheated and like I said it before if you can give us your live account details and this EA work well for 6months, I will buy it for $10,000.

I have moved stop to +10pips on EU should in case it turn down. I need to meet my wife in bed, see you tomorrow.

Cheers.

out of long GU with 66.6pips while EU is till running

FXKing2012: Sell EU, AU, EG, EC, ER and EJ; buy GC, UCad and UChf.

I am not saying you are wrong o but one need to be careful, the trend might continue North on EU except one is just looking of quick pips.