₦airaland Forum

Fxmansaix:
Thanks big man

[color=indigo]you are welcome...[/color]

GarkiAccessory:
Have u ever used more than 3 solid strategy at once to enter a trade position, and Forex ended up cancelling and nullifying the trade ending up in loss?

Forex no b anybody mate o...

[color=indigo]true. One strategy is good enough giving one the focus to seek consistency.[/color]

Fxmansaix:
How them Dey use this colour stuff?

[color=indigo]here you go:[/color]

https://www.nairaland.com/2202802/special-codes-format-text-nairaland

VlamesIffect:
Chai..see as baba list am...i fear who no fear you o ..bosses to much for this FTA una go dey oppress person..no be so o...

[color=indigo]hahahaha. take it easy with this your whining abeg.[/color]

kozmicity:
Ok chief... Dem talk say na who ask go receive. My strategy is something of a bad hybrid between supply and demand trading and classic break, crossover and retest. I'm constantly on the lookout for ways to improve it till I get a consistent 65% win rate over a two month period.

[color=indigo]bad hybrid? you see, it is not about the strategy; it is all about the trader. when you master supply and demand trading and/or break and retest strategy you will not see them as bad hybrid but as money spinners.

You are still training yourself in using a weapon to conquer the markets. [/color]

[color=indigo]Picture 2: after witnessing the shakeout on the 4 hour chart, I am looking for an entry. A low volume test bar or no supply bar should confirm the shakeout. I saw this on the 30 mimutes chart. When price breaks and closes above the high of the M30 no-supply bar a long trade should be initiated. The D1 and H4 have bullish background so my trend bias is up.

Like I said, VSA is all about letting your trades support the background price action. This may not make any sense but this is how I view the markets and try to master them. It doesn't mean I won't be wrong. I may be wrong on this call but I am trading my plan.

I have a non-VSA concept I also use in addition to all these but this makes up 95% of the way I see the markets. So, there it is. [/color]

Piptocoin:
[color=indigo]I have been busy today and didn't trade hence the delay in fulfilling my promise. So here it is: my chart screen. Only price and volume indicator....[/color]

[color=indigo]Now, unto the explanation. I highlighted significant bars in both pictures that support their entries.

VSA is all about knowing what the background is saying and trading according to strength or weakness in the background. I don't believe in cherrypicking setups so I chose a most recent and current price action.

The general background in EURUSD is strength hence my trend is bullish.

Picture 1: we see a buying climax bar that stops a short term rally. This becomes the background on the 4h chart. This is followed by a no-demand bar with the next bar down. Our sell entry occurs when price broke the low of the no-demand bar. Price did not fall much because the D1 chart has strong background.

A shakeout stops the down move. Shakeouts are signs of strength. It is confirmed when the next bar is up. This agrees with the background on the daily chart and the steady upmove.[/color]

[color=indigo]I can't understand why the picture quality is poor but you can download the zip file below to have a better image quality.

edit: can't upload zip file. will find a way to do that eventually.[/color]

kozmicity:
Piptocoin, can you post a picture of your analysis of any currency pair... I want to get a feel of your own trading system

[color=indigo]I have been busy today and didn't trade hence the delay in fulfilling my promise. So here it is: my chart screen. Only price and volume indicator....[/color]

kozmicity:
Piptocoin, can you post a picture of your analysis of any currency pair... I want to get a feel of your own trading system

[color=indigo]Gladly. I would have done that earlier but no one asked. Just gimme some time.[/color]

Bigheadguy:
Hi guys , new here but have trade for over two years , profitably. Posting my first set up . usdchf .
Note: that is the only pair I trade

[color=indigo]you are welcome to the thread. a question. why do you particularly trade usdchf? does the pair move better than others or something?[/color]

VeeVeeMyLuv:
Abegi
There is a huge difference between trading on Android phone and lappy

Haba!
Those on laptop significantly have the upper hand.

[color=indigo]Not disputing that, boss. Clearly, laptop has the greater advantage of accessibility to tools but mobile trading is not impossible...and with my trading system it suits me. That was why I searched for it in the first place. I agree that there are many people who can't trading using the mobile platform because their trading system employs custom indicators. [/color]

charly20:
All the strategies i was running after before I stopped left their print in my mind. I even incorporate Wyckoff in analysis and sometimes EW.

Everything works. What is needed is the right mental frame.

[color=indigo]yes, I remember there was a time you used to use wyckoff terms on your charts...shows you have come a long way.[/color]

VlamesIffect:
Your signature says... simple is beautiful.... that's all it takes my boss... I go check out the VSA

[color=indigo]boss, that is the essence of trading...simplicity. any other thing na headache. when you check it out do let me know what you think about it.[/color]

rainlover:
Pls can you throw more light on trading the order block?

[color=indigo]Actually, the ICT traders we have here are Charly20 and Richgen. They are in the best position to answer you.[/color]

charly20:
Actually, i don't think those candlesticks are "invalid" ways of reading market movements. Personally, i use them to catch tops and bottoms of trends. They usually indicate start of a new move (of course,not independently ) when you have those reversal patterns.

Most efficient are they in HTFs.

Attached is an example currently forming on GJ H4. If i want to take a risk on this trade, this candle is confirmation together with the failed swing in a significant demand window. I hope i made my point clear Sha.

[color=indigo]You are right. They are never invalid ways of reading the charts. I haven't been successful with them does not mean others can't use them much profitably. I thought you were really into ICT and quasimodo patterns. It is news to me you also incorporate candlesticks techniques.[/color]

infofirst:
Brilliant. Well detailed. In my own thought, A trend is overall direction of the market asset price, trend can be upward or downward movement of prices. Like you stated, there are several tools and or indicators that can help identify the trend and possible level to trade. Most of these tools were developed by individuals like you and I and those indicators were developed based on the way they see the market. I instead after having learnt how to use some of those tools, strongly believe it's better if I can use my own eyes to understand the market.
So basically I focus on identifying levels of support and resistance for an assets and then flow with the movement of price frm either level and the candles helps to tell me whether to keep riding the trend or its about time for a change.
I will look over the VSA in the future. Sounds good

[color=indigo]Thanks, boss. I completely agree with you on the use of the eyes as the best indicator. Whatever we adopt to identify the trend should not replace the eyes but help in confirming what we see. I dropped candlesticks techniques long ago when I wasn't making progress with them. I also abandoned support and resistance trading as it wasn't always reliable but it is the only concept from my newbie days I still use sometimes but it doesn't make up a major part of my trading.

VSA is good but it is not immune to the uncertainty of the markets. It is not a crystal ball but it does help significantly if one gets it.[/color]

rainlover:
Thanks a lot boss! I just downloaded the e-book. Would study it all nights. I been following the ICT concept for while, but I'm still struggling to win trades as I'm almost always getting stopped out.

I have been using it on XAUUSD HTF and it works, but, using the concept on BTCUSD I'm always getting stopped out... I'm still grinding all night to get these things right.

I'm always getting stopped out
That's seems to be the major challenge I'm facing now

I need help

[color=indigo]Judging from your zeal to learn I can only say don't give up. Every step forward brings us closer to our desire.

About ICT...although I am not a student of his neither am I a follower, there is something I learnt from one of his students. She said that ICT is a vast encyclopedia of concepts. You don't need all his concepts according to her. You just need two concepts: one to determine bias and another to determine entry...the rest are unnecessary. She said she doesn't even trade order blocks the way many do. So, I hope that can help. Have you tried doing that?[/color]

docus:
Wow, nice, this is how I would love FTA to be, shearing of ideas.
For me I identify my trends from monthly charts down to daily. I use pure candlestick formations integrated with EMAs, also break of market structures. I execute my trades on daily chart(swing trading for days or weeks)

[color=indigo]That is very cool the way you view the markets. I don't know how to do that. When I first began to use candlesticks (pinbar, doji, tweezer tops and bottoms, hanging man, abandoned baby, etc) to trade...hmm...the markets flogged me wotowoto. In all, different perspectives but all perspectives lead to one road — consistent profits.[/color]

VlamesIffect:
Boss...Give us nuggets abeg....

[color=indigo]As in, I am patiently waiting. I expect 24-karat gold worth of insight.[/color]

Octobertwentysix:
Not just Abonemma but the whole Kalakbari tribe my aunt, my late father and my grandma told me all the stories, my aunt was 15 at the time and she was serially raped by the biafran commander. My dad escaped death by whiskers his close friend was unlucky.

[color=indigo]Just saw this. It is indeed evil and unjust what you guys went through in the hands of Biafran soldiers. War really makes people lose their humanity. [/color]

rainlover:
boss how the I get this VSA on tradingview ?

[color=indigo]Actually, VSA is a concept that should be learnt, not an indicator. Besides, a VSA trader does not need any fancy volume indicator for trading. The MT4 volumes indicator is more than enough. It is just like learning ICT concepts but the difference is that unlike ICT you don't need videos to start. Just one pdf by Tom Williams will do. And I must warn you, it does not tell you...press buy button if you see this or hit sell button if price does that.... It takes effort (serious one) to study it. Just warning you in advance. If you still wish to understand the concept (which will change the way you view the markets) then here are links to the two ebooks that all aspiring VSAers begin with. Click the titles below:[/color]

[color=indigo]The Undeclared Secrets That Drive The Stock Markets[/color]

[color=indigo]Master The Markets[/color]

[color=indigo]Edit: I have only read Master the Markets. That is sufficient for me. I have heard some traders say the former is more indepth than the latter so I posted the two. Any of them is okay.[/color]

OluwafuntoAK:
At the end of the day the reason why secession failed was because the minorities were not treated well by the majority.

In other words, Biafra became a replica of Nigeria.

Moral for today's secessionists. Ye must be sober and watchful. Remember in the bible, God was always telling the children of Israel not to be as oppresive as the Egyptians.

Anyway, what we need,more than secession or one nigeria...is good governance at all levels, and increased participation in our democratic process.

[color=indigo]words of wisdom. is that you on your profile? I expected to see a much older woman because such wise words can only come from older folks but your dp says otherwise hence I ask.[/color]

infofirst:
Na so bro. Those with doubt na them sabi.
I saw this and I screenshot it. I love it and dream it too soon

[color=indigo]You will eventually, boss, by God's grace. I also aspire towards this...so help me God.[/color] ☺

infofirst:
God bless you boss mi. You stated it as I would have loved to. Follow the trend.
The big or next question if I may ask before I share my thoughts as well. How do I know the trend?

[color=indigo]Amen, boss, and same to you in abundance.

Okay, what is the trend? Big Big question. I don't know if what I will describe will be of help to anyone but this is me and how I have been researching the market.

Before I begin, let me categorically state that I am still learning and growing. I make no claim to any fake mastery of the markets. I must not be a guru (is there even such a thing?) before I tell anyone how I view the market.

That said. I have noticed that there are thousands of ways to identify the trend that suits each person's personality but I found, to my disappointment, that they never worked for me especially owing to the fact that I hate indicators with passion and trading with laptop...using a laptop restricts my freedom and flexibility hence I went hunting for a system that can tell me how to identify the trend and that wouldn't need any indicator or even if it did at all it should be available on the mobile platform.

I found VSA — Volume Spread Analysis made popular by Tom Williams. It uses the volume of the market and spread of the candle to determine weakness or strength in the market. It doesn't talk about the so-called trend. It talks about trading with the Smart Money or Professionals who manipulate the markets. They always try to hide their footprints or positions by misleading the public but the volume and spread give them away so that traders can actually know what they are up to. Volume is the Key to the Truth is a popular phrase among VSAers (VSA traders).

Trading the trend means trading with the Professionals or Smart Money. I have tried moving averages to determine the trend, stochastics, donchian channel, and others but they failed to help me understand the intent of the market. The only one I know that is reasonable in the determination of the trend is the Dow Jones method of price structure. However, it is a start. We need more than that. This is where VSA comes in for me.

I don't want to give the impression that VSA is easy to learn. It has taken me a very long time to get to the stage I am now and am still far from mastering it but it does tell me the most important thing indicators cannot tell — the intent of the Professionals. It has been really difficult studying this but the hard work I put to studying it is really paying off for me.

The trend is how the trader sees the market. I see it through volume and spread of the market. Gosh...apologies for the long post. I had to make sure my explanation does not suffer from a lack of clarity.[/color]

daveyjay:
No I am not but happen to know this at least.
Two months ago in Babcock University a Prof held a seminar and this particular question was asked by one of the attendees.

My previous message was his response to the question.

[color=indigo]okay, appreciate the honesty. that position is true because only a few states in Nigeria have adopted the law. Let's say this crime was committed in Lagos, the offender (husband or woman) would be tried under the VAPP law. She will be tried for rape because rape has a new meaning given to it by the law and not just its dictionary meaning. The majority of Northern states are yet to sign it into law as well as one or two states from the East, West and South-South regions. There are a total of 13 states that have adopted the VAPP law including Lagos...so it all depends on the region the crime was committed. In the future, hopefully, all the states of nation will adopt the law.[/color]

richgen:
I saw this when you posted about history repeating itself about oil. Oil is dropping with it's logic anyway but I've not been able to catch it because I'm focusing on the ftmo free trial. And I just passed the max loss daily, monthly and profit target exceeded today remaining 1 more day to complete the conditional minimum trading days.

I traded only NASDAQ and gold because oil on ftmo is not as fast as the above .

My NASDAQ buy trade today gave me all the profits to pass the free trial.

Bro, I'm enjoying your analysis more. Keep it up.

Guys, why is it so easy to pass the ftmo when I'm trading on personally than when in a competition?

[color=indigo](sh)it happens. time may just be the answer to your question...nothing else...as long as you are faithful to your analysis as on your personal challenge. again, dealing with emotions may contribute to it....but, like I said, give it time and you will suddenly find yourself achieving the same result as on the personal challenge. [/color]

daveyjay:
A woman cannot be sued for rape but sexual assault.

[color=indigo]Are you a law student or graduate? I won't argue with someone who doesn't know the position of the current law or who has not been trained in law.[/color]

charly20:
GJ's setup came up on my radar and i took the sell as planned though at a quite different price from the initial plan but all the same

[color=indigo]Charly, I love this. You are really doing well. Great job and continue like this so trading may just be your biggest ATM machine.[/color]

infofirst:
Do not trade your expectations. Flow with the trend. The yen never showed any sign of weakness yet. Maybe as they approaches last swing high.

[color=indigo]The greatest lesson that has changed my trading positively so that I now trade much better is that I should follow the market, not my prediction or expectation. No one can predict the future. At best, we can only make informed guesses. But, my trading resonates with one of the philosophies of Jupiter (at forexfactory - the Bucking Bronco) who stated that there is no room for guessing in trading or trading on hope that the market will move in one's direction. According to him, traders should want whatever the market wants, not predict. Predicting price movement is no way to consistently be profitable. You must trade on blind faith of well-supported principles that eliminate guesses or trading on hope. There will be losses no doubt but you are trading an edge and will eventually be consistently profitable in the long run.

I have found in my trading experience that he is absolutely right. Am I consistently profitable? Time will tell...but I have improved considerably because my trading style has similar principles. however, there is no such thing as holy grail or no-loss systems or indicators. It is only newbies to forex trading that fall for that. Flowing with the trend is the (art) heart of trading successfully.[/color]

PraiseGod4u:
Factos

[color=indigo]I don't know why this isn't given the attention it deserves but it is the bedrock of passing prop firm challenges and successfully trading funded accounts. This is exactly what I have been doing growing a small account to achieve the kind of consistency that becomes my second nature. I just look at the charts and know whether to open a position or sit on my hands or stalk a developing setup closely. People think prop firm trading will magically make them profitable when they are losing in their personal account.[/color]

Hermix:
Apology not accepted. Go to hell.

[color=indigo]Ladies first.[/color]