₦airaland Forum

Piptocoin:
[color=indigo]amen to that. sell trade currently triggered.[/color]

[color=indigo]update: took a loss on this one. Will stay out until price action is clear.[/color]

zedegit:
Please apart from fxtm, suggest for me 2 Naira funded forex brokers in Nigeria.

Fxtm site is not user friendly.

[color=indigo]Hotforex[/color]

HumbleTrader:
Any direction that the market wants to go let it go, I'll still make profit in the long run.

When I said there are other ways of trading profitable, I was attacked, and these are the same people that are suppose to keep an open mind.

[color=indigo]Well, we learn everyday. There are so many amazing ways to trade the forex market. It all boils down to your personality and what you want.[/color]

HumbleTrader:
Don't make use of 3g on mt5.

[color=indigo]I think this makes sense. If it freezes on my 4G enabled phone and SIM I wonder how frustrating it will be with 3G network.[/color]

Fibonacci88:
Omo is this how mt5 freezes on Android. Mt4 is updating seamlessly but my mt5 freezes for hours

[color=indigo]MT5 on android is wack. You cannot scroll through higher timeframes like H4, Daily, and Weekly with ease. It freezes whenever I attempt to do so.[/color]

[color=indigo]Lol. Just as God told the waves, "Here, shall your proud waves halt" in the same manner, these evil men and their atrocities have met their boundary. More like this I pray.[/color]

Urheadmaster:
The okada man with charm escaped the accident but the man coming from the church died from the accident.


There's God

[color=indigo]I know this piece of news is raw material for scoffers to gloat but herein lies the message...death is assured wherever you are coming from. If after death you are found to be without Christ — hmm....fear.[/color]

dottozil:
Nice analysis, may the pips be in our favor

[color=indigo]amen to that. sell trade currently triggered.[/color]

dottozil:
Seeing a BUY at the EURUSD, still learning though

[color=indigo]was in a buy earlier but being busy I didn't take profit and was stopped out at breakeven. now, a sell is underway. I am waiting for it to be confirmed. EU is more likely sell as I see weakness in the markets.[/color]

rainlover:
how do you See the levels without watching the charts

[color=indigo]It is very possible to trade without charts. HumbleTrader has a combination of indicators that give him visual reference of the trend maybe using numbers or sync in timeframes. A more popular way to trade like this is to have an indicator that is able to tell you when there is a sync in timeframes and another that tells you when the pair intended to be traded has picked up strength (highest) and its counterpart is weakest. A very nice way to scalp the markets.[/color]

[color=indigo]They trusted in charms and lawlessness. I can only imagine what was going through their thoughts as their souls stood looking over their lifeless bodies...and then judgment. A million million regrets does not even convey the absolute terror and anguish of their known final destination in hell. If only their partners in crime having breath can look at their fallen comrades as the mirror of their inevitable future. No RIP for evil.[/color]

bigbasho:
It is interesting to read how knowledgeable people are in this game. We think we are all correct as a professional trader. have we even ever thought we can all be wrong? Yes! We are making money with whatever strategy we use, but what is the real deal? To me, it. Means when you look at the chart and tell me this will happen and it does. While I am not trying to put a feather on my own hat, I still made a call on Friday and hit it down and up 100%. And I equally made a projection of GU Tanking down over 2000 pips and rising over 5000 pips. This is even devoid of any knowledge you ever come across. If it played out, which i think it would because it is already, then I will tell you there is holy grail in forex and once you see it, you can never unsee it again. Fingers crossed till March or April.

[color=indigo]Following this intently. There is a lot of misinformation about the markets that are designed to keep people comfortable in a tiny box of price conventional behaviour. People will see price for what it truly is when they set aside what they have already been taught. "Once you see it you can't unsee it" — CJ of blessed memory. [/color]

meshpips:
First let me thank you for attempting to answer the question.

Kindly notice that the upper and lower extremes are $100 and $30 respectively. The average will not be higher than $100 neither will it be lower than $30.

Of necessity, it will reside between the values that bound it.

[color=indigo]Yes, you are absolutely right. I miscalculated (in my haste) and used 10,000 units rather than 100,000 units. The average figure is $93.64¢. An error on my part for the first question.[/color]

meshpips:
Here is the question. Let's get the answer in the two scenarios and then we will see whether they are same (which will make volume useless).

If they are different, why is it so?

[color=indigo]The average cost per unit is $11.81¢ or approximately $12.

The average cost per unit for the second one is $65.[/color]

Eagba:
Lets look at volume tick. I know not, and I'm also using mt4 mobile ( meaning I checked and didn't see volume tick or vwap or vsap. Please walk me through)

[color=indigo]My advice. Just go through different strategies dealing on volume. I knew a guy who used RSI and Money Flow Index (MFI) which is a volume indicator to trade forex and binary options with enviable success. Don't just jump to the conclusion that you need tick volume. Explore. You will be amazed by what you find. In the end, if volume trading is your Calling you will find something unique for you.[/color]

Eagba:
bros I'm a fool in fx. abeg teach me how to use volume please

[color=indigo]boss, don't say that. We all start from somewhere. Volume trading are of many types. Meshpips has his style of trading using volume, some traders use Volume Weighted Average Price (VWAP), some use tick volume, and others use volume profile. I use tick volume after having gone through the ones I just mentioned because it suits my personality. There is no style that is better than the other. You have to determine the one that suits your personality and go for it. One thing is sure, regardless of the one you choose the road will not be easy but it will definitely pay off if you don't give up. If you have any more questions please shoot.[/color]

Jennyclay:
whoo whooo whooo whooo shame!!! Broke man!!! You've disgraced yourself again. You don't even have money!!

Mr Nobody, Mr nothing, Mr Brooklyn.

Shame!!!

[color=indigo]Lol. Nawa o. Be calming down.[/color]

[color=indigo]This earthquake claimed lives. May the souls of the departed rest in peace.[/color]

HumbleTrader:
Read this blog post from mql5.

https://www.mql5.com/en/blogs/post/741311

1. The volume Indicator differs from brokers to brokers, this will lead to false analysis.

2. I'm not saying don't use volume, but use only market makers volume, as they have access to the overall volume in Foreign Exchange

[color=indigo]One thing is we learn everyday regardless of our length of time of exposure to knowledge. This issue has actually being flogged and over-flogged. If I engage in it it would be going round a circle. In the absence of regular volume, tick volume can be used. Here is an excerpt from the master himself, the father of VSA, Tom Williams, from his book, Master the Markets:[/color]

HumbleTrader:
If you have a counter argument let's hear it, otherwise you're just being rude.

This is an interactive platform, where traders come and discuss, I see no reason for being hostile.

[color=indigo]There are hundreds and hundreds of traders who trade using only volume indicator like I do. Wyckoff and Tom Williams are some of the people who intorduced the use of volume to the markets. The late Tom Williams of blessed memory was the father of Volume Spread Analysis. He always said that tick volume can be used in the absence of regular volume.

Have you heard names like Sebastian Mamby. Anna Coulling, Todd Kreuger and Adrian Manz? They are good traders who use volume in their trading. At forexfactory you will find people like HiddenGap, Malcolmb14, Pres78, Anotan, Cyberforex, who trade forex using the tick volume indicator. At Traderslaboratory forum you will find threads dedicated to using volume as a trading tool. That you cannot use it does not make it a tool resulting from manufacturer's error.[/color]

HumbleTrader:
It's not a competition, I have nothing to gain from your success or failure, I'm just trying to help.

1. Stock Exchange market is different from Foreign Exchange.

2. Volume is useless in Foreign Exchange because the volume is based on your broker, different broker, different volume, expect you can gain access to the volume of all the traders on earth you're decieving yourself with that thing on your phone.

4. You do not need a volume Indicators to know the overall direction of the market and that's because.

3. Volume isn't everything, market makers might make you think there's a lot of buy power only for you to buy, and they cancel their order and enter a sell trade, hitting your stop loss as they profit from your bias.

[color=indigo]You know nothing about volume. Nothing.[/color]

HumbleTrader:
You can't continuing doing old things and expect new result. As a trader you must be willing to learn, unlearn and relearn, stay positive, avoid attacking people with a different opinion than you,

I've said this before, you will know a successful trader by their character, a negative person can never trade positively.

[color=indigo]The bolded is really funny especially coming from you.[/color]

meshpips:
Thanks for the correction jare.

[color=indigo]You're welcome, boss.[/color]

HumbleTrader:
What prove is more verifiable than a traded account that you can analyse yourself.

This is the reason you're still struggling, you don't listen.

[color=indigo]I condemn this attack on Charly20's personality as if you are any better. Why do your likes favour spears rather than dialogue when your skill has been called into question? He is right. Prove yourself by making trade calls here...let people objectively follow your progress so they can make informed decisions for themselves. Any other thing is tantamount to an ulterior motive.[/color]

meshpips:
Hello everyone,

I took a loss on this buy trade yesterday.

I will post the chart showing trade entry to exit later.

[color=indigo]You meant to say sell trade. It was a sell limit...that is, sell on a retracement up to your entry. [/color]

Theophinio:
Please how many pip was this Mr forex expert

[color=indigo]I hope you know the last figure in a five decimal figures is a pipette, not a pip. The more proper way to count pips is from the fourth decimal figure. The pip movement is only 14 in this case.[/color]

MONEY247:
CPI is a no no for me....
Some people will blow their account today....
You know CPI doesn't respect stop loss....

If you want to trade CPI....
Fund a separate account and trade...

[color=indigo]Boss, have you resumed trading after the sabbatical you took earlier this year? Also, is AU still your favourite pair? I ask because I am of the opinion your trading skill is spot on. You may have just encountered a rough patch. The technique may not be flawed (I am assuming you may think it is). Happens to the best traders. [/color]

[color=indigo]super horrible and terrible. crime is evidence of a shipwrecked world.[/color]

TopFxManager:
With the fall in the value of the Naira and the surging inflation rate, how do you preserve and grow your wealth?

You can diversify and invest with us through our forex fund management service in other to beat the high inflation rate, preserve/increase your purchasing power and at the same time build your wealth in an inflationary economy. We are targeting an average monthly return of 5-20%+ for investors and you will be investing under a government-licensed and regulated forex brokerage firm. Visit the links below.

https://www.nairaland.com/7349176/worlds-most-consistently-profitable-forex

The link below shows you how compound interest can multiply your wealth.

https://www.nairaland.com/7349176/worlds-most-consistently-profitable-forex#116958088

[color=indigo]hahahahahahaha. Masters of trading....[/color] 🤣🤣🤣

INCREDIBLEGUY:
i need to spoke in tounges for this one. i started my trading journey in 2019. during the covid.. that was when i started to loose. 100 dollars. the other time 150 dollars. 50, 30, 10 , 20. 50. and there about. the other time i fund about 10 dollar. it went down to 4 dollars. i took it from 4 to 100. the next day very early in the morning as i wake up. i started trading that was how it moved down till i blow the account. last year 2022. i decided to start afresh again. i started to fund with 2 thousand. 5 thousand and 3 thousand all in naira. and i still blew the account. Finally i decided to fund this year with 10 thousand naira. Thank God that very day or so. that should be last two weeks i made my first 8 thousand in forex trading. as i received the alert like this i come begin happy.

[color=indigo]Amen, brother.[/color] 😀

Fibonacci88:
its nice to read differnt motivational stories. Mine isnt different. If not that i hav a job that pays me well i for dey village dey carry masquarade. i first ventured into this game in 2017 trading on binary currently known as deriv. In 2018 i had a colleague in my office who was always trading. although he was always losing money. I decided to venture into it with my gambling mindset back then as i was a fan of bet9ja back then. We both contributed money and subscribed to one signal guy. oboy the way i lost my first $200 on my IC market acc nahin i know say khaki no be leather.i had to go back to learning. Downloaded enough youtube videos an e-book but the road to profitability was still far off. I later joined IML that was what made me joined the forex na scam crew. IML enticed me that i took a loan to fund my IC market acc $1000. This was the first time i ever took a loan in my life. Long story short i saw my $1000 acc drop to $150. Nobody tell me i sharply withdrew my $150 by the time dem collect swift charges na only $100 i see. Since then i tell myself i wont near this business again.
fast forward to late 2019 when i got another job i stumbled on a man who always visited my boss. Oboy the man show me how much he makes and how he trades and told me he has been doing it for more than 10yrs. That was when i knew i was too eager to make profit instead of learning. i Had to start simplifying my strategy and learning and trading demo all through 2020 with litle stunt onlive acc with octa fx. I noticed i never blew my octa fx acc but i wasnt making any significant profit. The best thing that evr happened was the emmergence of prop firms. I started with blufx monthly subscription e cast. Then my first live acc was with MFF in 2022 i didnt last 2wks on live I lule like tinubu will do in few weeks time. I didnt give up cos i knew my road to profitability was closer. The payout prof i was seeing from the indian guys on telegram from prop firm was d only motivation i needed. I was able to get funded on MFF and TCF in march 2022. Na there the money begin flow. 80% of my wedding expense was paid from funds i made from TCF nad mff. Although i later blew the two acc later part of last yr i never felt bad. I took the lessons and moved on. Even this yr i don blow stage two acc cos i didnt fully understand the daily drawdown rule of the prop firm.
In summary i will say it has been a very bumpy ride. The journey cant be frausrating if u dont hav any source of income. I am still on the pathway to success and by taking lessons from past failure i believe financial freedom i dream of is closer.

[color=indigo]Incredible. People have paid very huge price to be where they are today. Kudos to you, boss.[/color]

OfficialP:
I have lost the prop account in phase two. an opportunity missed. Extremely devastating and depressed atm.

I want to thank the organisers and sponsors, and thanks to all my bosses who encouraged and supported, am so sorry that I let you down.

[color=indigo]Though you have suffered a temporary setback you are still writing a success story. The end is better than the beginning.[/color]