₦airaland Forum

Good Evening my people,

Today is my Lazy day, I keep Friday's holy like I earlier mentioned, I have been looking at prospective chart for next week and shinning my sword that has been messed up wif pip blood (lol)

A run down of what happened this week: TRADES : 5
GOOD TRADES : 4
BAD TRADES : 1
PIP GAINS : 209
% GAINS : 2
%ACCURACY : 80

This is a very important skill which has made me a better slasher through the years. Keeping a SLASHING JOURNAL makes the journey from a beginner to a pro slasher faster. I am very particular about my % accuracy in every week's break down. Slashing 5 times and delivering 4 lethal blows is a good way to start my first trading week of the year.

Wishing you guys an awesome weekend.

profem1:
I've always been interested in forex but not really getting it.
can you pls put me through?

Good Afternoon Prof,

You could send your email address to fxpipping@yahoo.com, we could start from there

Thank you

Hello peeps,
I got my first hit this year, my EUR/USD gave me a bad gush, lost 56pips and 1% of my acct, I guess I hv to call it a week wif 2% rise to my acct.

Do have a lovely weekend peeps...

currentprice:
no panic for GBP.NZD call except today's high taken out, without this no cause for alam till market close our red will turn to green

amen to that broff

Good Afternoon Speeps,

I saw a very tempting setup, I must say, this is the kinda setup I would personally break my friday rest rules for...Going low on it, risking 0.9% and expecting 1.5% in returns, that is if it hits my target profit.

Happy slashing peeps

pipstarget:
Stop loss hit, one of the bad days. Happy weekend guys

Sorry bro, better days would come

Achimare:
Oga PIPsharingan pls, which broker u re using.

Boss Achimare,

Good morning sir, I use FXCM

Good Morning Folks,

How was your night?, I know good for sure. Anyways, I woke up this morning seeing my USD/CAD still alive but crawling slowly, so i gave him the killer slash by further tigthtening my stop loss, not too long he gave up the ghost, but he did that by giving me abt 70 pips and an additional 0.8% bonus to my account.

I may or may not get into any trade today, if i do, i will have to execute it today, except it holds a whole lot of promises, because I do not trade on Friday's, I call it my faffing/flexing/lazy day. A time I actually set aside to examine the trades I took during the week and probably enjoy relaxing my brain sells, the life of a shinobi using his sharingan to slash pips could be hectic sometimes(lol...no mind).

Happy slashing guys

Good Morning Folks,

How was your night?, I know good for sure. Anyways, I woke up this morning seeing my USD/CAD still alive but crawling slowly, so i gave him the killer slash by further tigthtening my stop loss, not too long he gave up the ghost, but he did that by giving me abt 70 pips and an additional 0.8% bonus to my account.

I may or may not get into any trade today, if i do, i will have to execute it today, except it holds a whole lot of promises, because I do not trade on Friday's, I call it my faffing/flexing/lazy day. A time I actually set aside to examine the trades I took during the week and probably enjoy relaxing my brain sells, the life of a shinobi using his sharingan to slash pips could be hectic sometimes(lol...no mind).

Happy slashing guys

Sorry, wrong chart

Good Evening my people,

Allas the day has come to an end and my trade has not hit my target point, however I have moved my stop loss to a BREAKEVEN position, if my position moves against me before tomorrow, it wont eat into my profits, but it is allowed to move towrds my target if its in my favor at all.

Do have a lovely Evening.

Good Evening my people,

Allas the day has come to an end and my trade has not hit my target point, however I have moved my stop loss to a position where i am on BREAKEVEN (no gain no loss), if my position moves against me before tomorrow, it wont eat into my profits, however it is allowed to move towrds my target if it moves at all.

Do have a lovely Evening.

Toyolad:
...I keep wondering what this forex of a thing is all about..am I that dumb that I don't even av a clue as to what it is about... well, I like things like this,I'm interested. but...lemme finish schooling first, I go see who go teach me the basics. Hi bro, keep slashing d pips abi wetin u dey call am

Hello Toyo,

lol, i feel you on that bro...FOREX in simple terms is fights between different currency pairs. You have loads of them, for eaxample USD/CAD, EUR/USD, GBP/USD etc.. USD/CAD is same as USD vs CAD, meaning the U.S Dollars vs the Canadian dolars.

What traders like myself do, is bet against which of the currencies would win in a fight. Now if you were a trader and u placed a bet on USD, it means u believe USD would win the fight against CAD, however there are intricacies to this. You could win a bet by saying USD would lose against the CAD or win.There are also several events that occur on a daily basis around the world that also influences who wins.

So in summary a forex trader is one who analysis fights against currencies and bets on them...whatever the outcome of the fight, he makes or loses money.

Thanks for dropping in

EmmanuelD1st:
OK chief...Blissful Trading

Thanks boss

EmmanuelD1st:
Good morning PIPsharingan
I meant slight retracement on the 4hr TF...Do you trade off the 4hrs chart or the weekly chart? If you seriously bank on the weekly chart, it implies your SL and TP decisions should be based on the weekly chart i presume

Boss Emma,

I actually trade on 4hrs charts and daily in some few cases, however before taking any trade on a 4hrs chart, I actually check my daily & weekly chart to ensure I am following a valid trend. In the case of the USD/CAD, i used my weekly chart to predict where my stop profit should be, however considering the fact that the weekly chart has just one candlestick for the week, I am not planning to stay on this trade for long.

I am hoping the candlestick hits the roof of the channel like previous candlesticks before a major retracement sets in.

But again in all of this, I am just speculating this whole analysis and before evening if it doesnt move that way, I will use my manual trailing stop loss to slash in some PIPS...at all at all na winch

Happy PIP slashing

EmmanuelD1st:
Hammer it on a slight retracement

Good Morning Emma,

slight retracement..well I have checked the weekly chart, and all I see is an ascending channel, however like you said: "a slight retracement" on that level (weekly chart), is a tsunami movement on a 4hrs chart, I am seriously banking on that boss

Happy PIP slashing

zinosleek:
been on that trade since the break of yesterday high, almost at my tp now and I rest for the day

Good Morning Zino,

Hmmm...good to know, lemme see if I can still milk the cow further

Good Morning bobo's and bobolets,

Hope everyone slept well, well...., I did, especially after bagging home some pips yesterday.

Today we will be looking at USD/CAD on the 4 hrs chart.. A strong resistance was broken and I had to check the weekly chart to get a viable stop profit.. I am risking just 0.8% of my acct here and if my target is hit by today, I should be slashing another 1.5% profits (pray for me guys)..so lets see how it goes

Happy slashing pips

Good Morning bobo's and bobolets,

Hope everyone slept well, well...., I did, especially after bagging home some pips yesterday.

Today we will be looking at USD/CAD on the 4 hrs chart.. A strong resistance was broken and I had to check the weekly chart to get a viable stop profit.. I am risking just 0.8% of my acct here and if my target is hit by today, I should be slashing another 1.5% profits (pray for me guys)..so lets see how it goes

Happy slashing pips

Luckystar220:
seriously people i've seen so far in binary are busy balling oh forex balls too both seriously b4 u can ball in forex ur brain must be lyk dat of Abraham Lincoln's own i knw sum pple dat smoke b4 they trade bcus smoking gives dem more idea in forex...

I wish smoking does give one such leverage, Majek Fashek would hv been richer than DANGOTE..

EmmanuelD1st:
Who trades USDCHF & EURUSD simultaneously?

Hello Emma,

I do, its a technique you perform with currencies that are mirror images. For instance it is only natural when USD in USD/CHF is bullish (going north) in the opposite pair or its mirror image(EUR/USD) the USD will go bearish (going south).

However this does not apply in all cases, before using this technique one has to ensure the charts permit you to do so

Happy Pip slashing peeps

Ooooops!!! my last two trades hit my manual trailing stop loss giving a total of about 60pips and an additional 1% to my trading account..this gives us a total of 2.3% profits to my acct and a total of 195PIPs...

It was a beautiful first day of trade in the month of January

Happy PipSlashing peeps

Ooooops!!! my last two trades hit my manual trailing stop loss giving a total of about 60pips and an additional 1% to my trading account..this gives us a total of 2.3% profits to my acct and a total of 195PIPs...

It was a beautiful first day of trade in the month of January

Happy PipSlashing peeps

russy:
can you see 135pips gave 1.2%, i like this type of trader, i will like to follow this NO TENSION type of trading. congrats guy.

Thanks Russy,

I am a swing trader, I trade of 4hrs and the Daily charts, it takes a whole lot of patience (not GEJ's wife oh..lol) to practise this pattern or style..I sometimes do not take more than one or two trades per week, however it is a more stable and viable way of trading. Non the less, I believe our technique picks us and not the other way round

I still have two trades am monitoring.I am hoping it hits my profit, one is currently 58 pips and the other 45 pips. From the look of things i may have to drag my stop loss to either breakeven or take in some profits just incase the trend reverses or has a major retracement.

Happy Pip Slashing folks

YESSS!!!!!!!!.... My first trade for the year and it was succefully slashed, I made 135 PIPS on this single trade and added 1.2% to my account, the trade did not hit my target profit though, I executed the trade before it became fully ripe(make I no lie, tension and excitement wan kpuff me).

I have two other trades(USD/CHF & EUR/USD) that are pending, for now they are looking good but lets see how it goes before 6pm

YESSS!!!!!!!!.... My first trade for the year and it was succefully slashed, I made 135 PIPS on this single trade and added 1.2% to my account, the trade did not hit my target profit though, I executed the trade before it became fully ripe(make I no lie, tension and excitement wan kpuff me).

I have two other trades(USD/CHF & EUR/USD) that are pending, for now they are looking good but lets see how it goes before 6pm..

yeahhh, found two additional setups on the 4hrs chart, these setups were taken based on SUPPORT & RESISTANCE broken.

Hello Bobo and bobolets,

My first trade has been set, its a daily chart and my reason for taking it is the fact that a fairly strong support was broken...So I am banking on that.. On every trade I take, I do not risk more than 1-2% of my total capital (Money Management), however I expect returns of 1.5-3% for every trade I execute...

Because this trade is on a daily chart, it may take a long while for my target to be hit. That been said, lets see how it all pans out

Happy Slashing

Yippyy

Happy new year nairalanders, I wish everyone a better year than the previous one, but most importantly I wish everyone the fortitude to keep to their new year's resolution, and not falling back to their old habits that kept us stagnant or moving at a slow pace.

For me, my new year resolution would be, to be a better trader psychologically, because I believe one can only get better in trading by disciplining the mind... I am also of the opinion that been the best at whatever one decides to do starts by conquering the mind. Once u achieve this, the body follows and your action shows it.

That been said, areas I would love to work on this 2016, is knowing when to take a break from trading, especially when I am psychologically fatigued or emotionally overwhelmed.. It could be tempting not to take a break while trading a market that never sleeps, and you are exposed to a million and one opportunities to make money. You virtually slash every single opportunity and hope it turns out right until the wild beast (THE MARKET) eats you up and regurgitates you.

Another aspect I would love to perfect on this new year is trying to achieve been a MINIMALIST. By this I mean having to buy things I actually NEED for myself.

That been said, I wish you all a beautiful holiday and I can't wait to place my first trade...

Happy slashing...

Samyj247:
i m interested o

Hello Sami, no Lele boss, I hope we all make it an interesting experience, the year is gradually coming to a close and am so looking forward to the new year.

Ryder306:
Nice one bro. Merry Christmas n New Year in Advance.

Have heard most peeps considering 'Indices' up n down rise n fall etc. dunno much about it but heard it's way easier than Fx

Can you please put some light to this. And for FX, I hope you will be generous enough to put us(me) through from the scratch (FX for dummies)

Am Grateful in advance sir/ma

..

Hello Ryder, most definitely, I will try my best to breakdown everything I do while picking a trade.. I hate complexities myself and I must say, my charts are almost naked (devoid of so many indicators), I actually trade trends on a chart.

As for the induces you mentioned, I am not too clear with that question, but am sure if you throw more light on it, I should have an idea...