₦airaland Forum

Fxwarrior: I didn't see you posting alert here only to come claiming 165pips.It's quite annoying.I can equally claim I made 295pips but how does it help newbies who keep thinking it's a cakewalk?

Lol. . . . .

Aloaye001: It baffules me dat since all ds while nobody on ds thread hv bin able 2 come wit a trading system wit an indicator dat is 95% sure! follow me if u tink ds is possible:08163831777

95%?. . . .I go laugh die. Newbies beware. 419 on rampage. Don't be fooled. All you need is a system that works 40% of the time to survive in this game. The rest is money management.

NzdUsd 1hr: Self Explanatory

GbpJpy Pair 1hr: Self Explanatory

Silver 30min Chart: Self Explanatory. . . .

Audchf: Self Explanatory

Self explanatory

Buy EURGBP at present price for a TP of 9261. . .SL 8380.
Buy USDCAD at present price for a TP of 10940. . .SL 10240.
Buy AUDCHF at present price for a TP of 8618. . .SL is at risk tolerance. we are getting into the game late
Sell USDCHF at present price for a TP of 9026. . . SL is at risk tolerance. we got into the action quite late.

all except USDCHF and AUDCHF have a good risk to reward ratio.

Remember. . success in this business is not how of often you come up right but the quality of your risk to reward ratio and how often you come up wrong.

Good luck (Mourinho out)

TP for usd cad adjusted to 10940. SL will then be 10230. Nice risk to reward.

OliverPin: Choi abeg make somebody tell me about usdcad na. Am on a long position though sl was at be(.313) I need know how the thing end

leave the usdcad to run to said tp. Present price exposes us to further market decline though. Didn't see the chart until late. Best price to have entered is 10240. SL is kinda hard to explain. . .you wouldn't believe me even if I tried to explain it. suffice to say at your own risk tolerance or break of 10136.

Anyway. . .the left and right shoulder is complete on USDCHF. All that is required now is patience for price to retrace to the 61.8 fib level for our entry point to give us our 3:1. If it does, fine, if it doesn't we'll move to another pair. If it does retrace. .which it most likely will, then TP will be 9095. Reason it most likely will is price does not just wave up or down without a good pennant or flag and it always starts at the 61.8 fib level

Good luck (mourinho out)

natruetalk: you are one of the elder on this forum as a whole but need to say you still need to read post before given reply to someone post, i see cabal forming in the house. where exactly in my post asking for alert either free or pay one from a 5 minute tf trader when my own 4hr tf even give fake braek-out some times. are you yourself have no bad experience on forex before getting it right. if those getting free alert does not come up to praise you on the thread do you think they are not appreciating it and pray for you silently?
what is not good is not good nothing more

Typical Naija mentality. . .you go fit survive for yankee so? Nothing free here oooo. you seem to not get the point. If you take the time to acquire a skill then you must profit from it if you so choose. It is up to you as a would be subscriber to do your background check before moving forward. Imagine? Cabal ke? In a free economy. I have given out my system freely because I chose to but I will not fault another who wishes to sell he's. I only ask you use common sense before you act.

naijababe: Na you get time to dey type epistle! Steve Nison, the man responsible for bringing candlesticks to the West has a subscription service, so does Vince Stazione for that matter!!! They are doing it because they need the money abi?!.

Abi no be for dis same thread someone called me names because I refused to post my account history and on top free alert o?!!! Abeg jo, make I face front mind my own matter jare

wetin me I come do you?

naijababe: Learning from each other which may or may not include parting with money!

To be honest with you I think the fundamental psychy of the average trader is the problem. We generally go into this business with the wrong impressions. We focus more on strategies than on money management. We take losses too hard to heart, not realizing that it is part and parcel of this business. We change strategies like a gigolo changes chicks meanwhile all you need is one. . it does not matter which one, just pick one. I read about the original turtle traders one time. These guys were recruited from various works of life. . from barbers to plummers. They were trained on a confirmed strategy that the creator used to make over 200 million dollars. The problem was the system had a thirty something percent winning ratio and had strict stop loss and profit taking requirements. Plus they had to trade long term. They were given two hundred thousand dollars each and were told to fire away. Guess what? more than half of them managed to "f" it up. Fear. . greed. . .revenge trading, you know, the usual stuff. this was a confirmed winning system used by it's creators to make million of dollars, year in year out with documented proof. So, in summary some traders can't be helped, they have to go through the fire on their own. Case in point, me. I like learning on my own and i'm too proud sometimes to ask for help. What's worse is I have a brilliant inquisitive mind (so I've been told by the army). well I paid dearly for it. From losing my job back in Nigeria to spending time in detention to selling my car. . land. . fridge. All for forex. All because I was trying to answer a key question. Why will the same pattern. .using the same strategy not work everytime. Then it hit me one day. It's not supposed to. It's all math and knowing how to manage money. So no matter how much you push or prod a person, Personal experience is the best teacher.

forgive me aunty mi. . i'm ranting again.

naijababe: Y'all need to quit this already! If no skill set is required, why are the likes of learner and co still struggling? I personally have no issues with anyone wanting to profit from what they have learnt in this business! It is done everywhere, even a stockbroker won't sell your shares for you without charging commission, so kini big deal sef?

If you are too lazy or impatient to do all the hardwork, then by all means you berra be willing to pay for it.

Lol. . .Aunty mi said "Berra". You've gotta love that.

OliverPin: you are very right mr frawzy. i was first interested but when i saw the fee i was like wtfk . To a newbie like me 5k is a big money. so how on earth would i send money for alert after what i have experienced in learning forex. Nothing is certain. I would prefer if price rubbished my own analysis than for me to pay for alert and have the same alert rubbished by price. Not condemning anyone but it ain just right. you wana teach newbies do it like rozay. a research room free and open to all.

I kind of disagree with the bolded statement. Because one person does it for free does not mean the next person should. That is what free economy and enterprise is founded on. use your knowledge or skills for profit. Imagine zukerberg or gates gave away their inventions? would we have facebook or Microsoft? I can guarantee you someone else would have picked up their "free" inventions and profited from it. Do you know that there is a free open source similar to microsoft office software? you don't know about it do you?. people don't really value anything given freely. I know that first hand. Also, you need to be careful of what you are getting for free. Me. . .i'd rather pay for stuff. Free usually means virus.

naijababe: Before I run away, Mourinho, why is the 38.5% so potent? And is it potent for reversals or continuation?

Both. when price touches that level, one has to sit up and pay attention.. . .something is about to happen. If price doesn't touch it signifies continuation. 61.8 is strictly for entries. Also auty mi, for the math to work, never take a trade with a different pre determined SL. say you started your first 10 trades with a SL of 30 don't take another trade with a SL of 40. This is where discipline and patience comes into play. It is not every trade one must take. Forex was here before me and it will be here after I'm dead and buried, so why rush?

FOREXMARTS: I shared this MW reversal break out in season two and some people didn't find it funny. Seasons later you have brought it back. I guess some people will take it serious.

On it's own it's basically useless. You can find a thousand and one of it on a chart. But identifying the right one and mixing it up with other filters is the key.

fxbomovi: I have this question to ask the house pls. How can one filter trades using price action (no indicator pls)

You are the only one that can know that because of the strategy you use. for one to explain a filter one has to see the system. I have filters for mine which is basic Fibonacci and trendlines. your filter depends on your system which we don't know but you. sorry. . .best answer I have.

Might as well go the extra mile. . .Person wey wan know go know. Remember all you need in forex is a winning ratio of 40 percent. . .good money management and discipline. You need to be right 4 out of 10 times with a risk to reward ratio of 3:1 at a minimum. with that your losses do not matter because your 3:1 ratio balances it for you. If you start on one time frame, stick to that time frame. 3:1 on a 15min chart is not the same as 3:1 on 4hr chart. I prefer 4hr though. I still have a day job. What I have sheared today is unquantifiable. it is up to you now to research it.

150x4 = 600 (3:1) profit

50x6 = 300 (3:1) loss.

Profit = 300.

We executed 10 trades from the above. . .lost 6 times with a sl of 50 pips but won 4 times with profit of 150. it's basic math. . .you'll always be in profit everytime. Even if you were wrong 7 times you would still be in profit, though a small one but still in profit.

Good Luck (mourinho Out)

P.s Auntie mi. . .that is the Mourinho strategy I was hollering last year> Lol

Secrets to a very successful trading career: Understand that forex is a game of numbers. All you need is a system that works 40 percent of the time and you are golden. Understand Fibonacci to the fullest (especialy the 38.2 and 61.. These are the two golden levels in forex. Understand M and W formations which is another way of saying head and shoulder patterns. It is not just a trend reversal pattern, it is the only trend reversal pattern. A lot of people get burned because they do not know when price/trend changes so they think they have a winning system until price does a flipo on them and they aren't aware till it's too late. understand retracements. Understand flags and pennants. Understand overbought and oversold regions and finally understand trendlines. Let's mix it all up. . . . .Price bounces around enough times on the 61.8 fib level to form an M or W pattern (head and shoulder). . .we wait for price to retrace as far as possible to the 61.8 fib level where we pull the trigger. Why wait for the 61.8 fib level? because it reduces our risk from entry point and increases our RR to a minimum of 3:1 always. . .which is what you want. Let your winners run and always cut your losses. We then start to monitor our flags and or pennants. . .depending on if it was an M or W that was formed. M=pennant/W=flags. We continue doing this until 1) we take our profit at the 161.8 or 2) continue to monitor our 61.8 support and or resistance levels to make sure that level is not broken twice. In order words staying in the trend for as long as possible.

That's it folks. . .that's the secret. all we need is for the above to work 40 percent of the time and Eldorado will be within sight. Truth be told it is more like 80% just because of the M and W's. Took 10 years to put this system together and this is the closest I've ever been to shearing it. So it's up to you to start researching on your charts to put it all together.

Good luck (mourinho out)

ohaleoghene: you are far from been hansdome, whatever gave you the courage to put up your pictures on a public forum asking people to comment must be huge ! Big nose , big mouth , all big everything . Sure your little jhonny is big too maybe gf is lucky , but you far from an average niaja handsome guy . I give up !

It takes a very shallow person to say this. Not to mention a woman. I pity your. . . . . . .(fill in the blanks)

As our GBPCHF long is ongoing, another opportunity for a nice sell presents itself on the EURCAD pair. we will sell at current price of 13637 for a TP of 13380 with a SL of 13715. If all goes well that is an RR 3:1. you can beat that.

Good luck.

Buy GBPCHF. . .2 LOTS. Exit first lot at 14453 then wait for dips to the 61.8 fib level. buy again and continue doing this till 15280. SL. . .13960. This call is for long term traders.

Good luck

karugirl: Going through this thread I've noticed there a lot of new aspiring traders and there is a lot of misinformation from other people that say they trade and that can really lay a bad foundation in this business for those with a fresh mind.
People should stop misleading new traders and coaching them on fibs,support and resistance and what not. No central bank is going to stop buying dollar cause price was at a particular made up resistance line. I've been in this business long enough to know that all those stuff were just made up to sell books and people just swallowed and keep spreading all this misinformation....Just use common sense,study the markets and you will reach your own eureka.

Enjoy a boring lifestyle.

who be this? So, the cornerstone of my success(fibnonacci) is a fallacy, right? I just can't understand people like this. Nobody ever said forex was easy, or it was meant for just anybody. And nobody ever said there is only one way to trade. So because you don't understand Fibonacci makes it a made up fairy tale. If only you know what I know. People like you are the main reason I limit my contributions here. spewing crap. Truth be told though, true geniuses in this game will never show you exactly how they do it. simple reason, if enough people get a hang of this game then we are all jobless in the forex world. I'd feel more comfortable paying to learn than getting free info. that is of course if you can find the real deal. Also the real deal will never advertise for crappy sessions or copy paste screen shots. . .what do they do? they set up signal services with ZULU/collective2 or have a PAMM account or link up with sites like myfxbook or forexfactory and what not. If someone starts advertising then get ready to be duped. There is nothing in this game I have not seen or done. The good. . .the bad. . .the ugly. And to miss karugi or whatever you name is, if you have nothing positive to contribute, then keep your comments to yourself.

I swear I don't trust this gj fall. . ..

EPOMA: Why Can't you just help calm things.You did not have to make this comment.I like rozay but what mesh said was not wrong or offensive to deserve any attack. Rozay is always posting charts here so other people posting chart shouldn't a problem and not all posting is a trade call.what ever that can be contributed here is well appreciated. Let be at peace please

Everyone has a right to their opinions but obviously you either cannot read or can read but cannot comprehend. I hope you read the remark I responded to initially. I consider myself well versed in this game called forex but I don't go around throwing it In people's faces. Also, anyone who takes a trade call solely based on alerts posted here without doing due diligence needs to have his/her head examined. when anyone makes a call I never take it but I still check just to make sure I have not missed something and if I have I adjust. . .If I haven't I leave it the way it is. so, before you check me, check the person causing discontent.

meshpips: It might help many of you young lads here to know that back then in earlier seasons of this thread, I dedicated almost a whole trading month posting trade calls with entry, SL and TP. Once and if either the TP or SL is hit, I come back and quote my previous post and let them know the result of the trade call.
Many of you guys are pretty young in this business. I sincerely admonish the young ones to go ask the elders about who and who have shown stuff capable of earning them respect.
So to y'all new kids on the block, make una cool down. Una body just dey hot. Anyway, as una begin mature for this business, market go teach una how to dey relax.
I like the youthfulness in you guys. Una still get plenty energy.
Sir yomex humbly posted his charts - that's proof positive of a mature trader. Rozay and the other younger ones dey yarn God knows what. Anyway sha.....
Enjoy your evening.
Meshach.

bro's cool down. it doesn't take much to notice a novice trader. you might fool newbies with chart posting as proof of expertise but experienced ones know that anybody can do that. for all we know it might be a demo account. for accountability you attach an account to any of the numerous forex monitoring websites. that's how it's done. I've done that numerous time here. trading history is the key not one day success. you come dey shout because of 72 pips. wetin you go do if you see my account? as for the GBPUSD call.... you said it was a long term trade. 72 pips is not long term. the daily trading range for gu is 80 to 100 pips. the fact that you are even buying gu in the first place astounds me. there is no technical basis for the call. unless you are scalping of course. There is a difference between luck and knowing what you are doing. when price flips on you now you'll be asking "what happened?". This is a decade of trading mentoring you.

there is an opportunity for a 30 pip ej buy to 13034 at present price of 12993

I would strongly recommend selling gbpjpy at present price of 15081 for a tp to be determined later. most likely 13880. stop loss of 150 pips considering RR. Also buy UERGBP for a tp of 8700. . .stop loss of 45 pips. Buy usdcad for a tp of 10700. same SL of 45 pip.

Good luck(mourinho out)