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Forex Trade Alerts: Season 21 - Business (92) - Nairaland

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Re: Forex Trade Alerts: Season 21 by infofirst(m): 1:11pm On Apr 23, 2021
Theyoungmaster:


I'm surprised too.

Not surprising.
Re: Forex Trade Alerts: Season 21 by CopyJoe: 1:13pm On Apr 23, 2021
infofirst:


Not surprising.

Why boss?
Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 1:32pm On Apr 23, 2021
infofirst:


Not surprising.


It's well. If I had the guts to throw risk management to the bush and use the kind high lots sizes some folks are trading with eh, I for don go challenge George Soros to a contest. grin cheesy
Re: Forex Trade Alerts: Season 21 by infofirst(m): 2:03pm On Apr 23, 2021
CopyJoe:


Why boss?

Because he took high risk. And its just a matter of time. High risk comes with high damages within a very short time.
If you have been following the table its obviously clear

1 Like

Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 2:29pm On Apr 23, 2021
infofirst:


Because he took high risk. And its just a matter of time. High risk comes with high damages within a very short time.
If you have been following the table its obviously clear


Retweet! cool
Re: Forex Trade Alerts: Season 21 by klinksd: 2:37pm On Apr 23, 2021
harizonal123:
@klinksd what happened? Come & share your experience. I would like to learn

...na @infofirst and his village people dey pursue me oooh... wink...they said a subject cannot be greater than his master, so here am I oooh.... grin

On a more serious note, I took a highly calculated risk sha, I have made my peace with the consequences.... grin {na demo account jor}..

@harizonal123 , I am still a learner, but I trade mostly order blocks with the volume profile, some people may know it as supply and demand. My first and second trades that took me to no. 1 on the competition board was based on it, the other trades were kalo kalo.

4 Likes

Re: Forex Trade Alerts: Season 21 by highcurrent: 2:44pm On Apr 23, 2021
ILovebigyansh:

Exactly! Which stock broker do you use by the way?
investment one.

1 Like

Re: Forex Trade Alerts: Season 21 by CopyJoe: 4:27pm On Apr 23, 2021
infofirst:


Because he took high risk. And its just a matter of time. High risk comes with high damages within a very short time.
If you have been following the table its obviously clear

I don't want to assume to avoid any gbas gbos.

Risk Management wins every time.
Re: Forex Trade Alerts: Season 21 by alphaNomega: 4:37pm On Apr 23, 2021
dennison4luv:
.

If you don't know what to say, please just remain silent
cheesy
Re: Forex Trade Alerts: Season 21 by harizonal123(m): 5:38pm On Apr 23, 2021
infofirst:


Because he took high risk. And its just a matter of time. High risk comes with high damages within a very short time.
If you have been following the table its obviously clear

If you decide to rate the three winners base on smallest peak loss from the 1st to 5th positions, it will cool down the temple of the contest & make us to trade more responsibly instead us using crazy lot size like I did just to be at the top spot.. Fx trading is more of like a marathon race than sprint. Most of our winnings here are not sustainable

6 Likes

Re: Forex Trade Alerts: Season 21 by Kaesyrn(m): 7:34pm On Apr 23, 2021
Kaesyrn:

As anticipated....

50% Retracement before market closes...

GBP to open strong next week...

After giving 200pips pump it couldn't break the 1.4000 resistance and fell drastically back to support...

It's now on it's phoneix rise..

1 Like

Re: Forex Trade Alerts: Season 21 by Kaesyrn(m): 7:53pm On Apr 23, 2021
Kaesyrn:


50% Retracement before market closes...

GBP to open strong next week...

After giving 200pips pump it couldn't break the 1.4000 resistance and fell drastically back to support...

It's now on it's phoneix rise..

Am I the only that finds it difficult using a mini lotsize like....

I literally had to force myself to use 0.10 today

All my trades ranged between 0.01 - 0.05

Opened my MT4 after 2 days of not trading at NYSE and placed limits which unfortunately didn't trigger for OTE in order to recoup my loss and had to use a mini lotsize to boost up my portfolio...

1 Like

Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 8:00pm On Apr 23, 2021
Price missed my sell limit by 4.5 pips and then went on to hit my tp. Would have turned out a perfect sniper entry.

...and that was how I missed the 60+ pips NY reversal today. SMH.


What will our elders here advice us newbies to do about this kind of scenario? Enter and chase the trade manually or scrap the limit order an wait for another train ride?

Re: Forex Trade Alerts: Season 21 by VlamesIffect(f): 8:34pm On Apr 23, 2021
...

3 Likes

Re: Forex Trade Alerts: Season 21 by Kaesyrn(m): 12:20am On Apr 24, 2021
Kaesyrn:


50% Retracement before market closes...

GBP to open strong next week...

After giving 200pips pump it couldn't break the 1.4000 resistance and fell drastically back to support...

It's now on it's phoneix rise..

DXY still respecting the channel

Before

And

After

1 Like

Re: Forex Trade Alerts: Season 21 by Nobody: 8:35am On Apr 24, 2021
The question (bolded) is simple but complex: Counsel in the heart of man is like deep water - who can tell or guess? NO ONE, you just have to be guided.

Your first goal in the business should be seeking knowledge and of course, comes with a price: cash value, sleep, energy, time, etc; hence, if the brokers provide free teaching, jump onto it immediately, even if they require some reasonable cash, jump into it as long as it is within your reach, learn and get all their available free tools/system.

As long as you do not give them your money to trade for you, as long as you are not bonded with a contract agreement that you must trade with them after training, thus free to choose any broker of your choice to live trade with; sir they are genuine.........KNOWLEDGE IS POWER!


VlamesIffect:
Been following this thread for a while and the fact that i see most traders here trading naked PA i respect you lot.

What are your thoughts on brokers teaching people how to trade?

Giving people free tools/ system

Is their intention genuine?

4 Likes

Re: Forex Trade Alerts: Season 21 by Nobody: 10:22am On Apr 24, 2021
GabsonFX:
The question (bolded) is simple but complex: Counsel in the heart of man is like deep water - who can tell or guess? NO ONE, you just have to be guided.

Your first goal in the business should be seeking knowledge and of course, comes with a price: cash value, sleep, energy, time, etc; hence, if the brokers provide free teaching, jump onto it immediately, even if they require some reasonable cash, jump into it as long as it is within your reach, learn and get all their available free tools/system.

As long as you do not give them your money to trade for you, as long as you are not bonded with a contract agreement that you must trade with them after training, thus free to choose any broker of your choice to live trade with; sir they are genuine.........KNOWLEDGE IS POWER!



welcome back
Re: Forex Trade Alerts: Season 21 by AK284(m): 10:33am On Apr 24, 2021
VlamesIffect:
Been following this thread for a while and the fact that i see most traders here trading naked PA i respect you lot.

What are your thoughts on brokers teaching people how to trade?

Giving people free tools/ system

Is their intention genuine?



Yeah,it a good thing to get trading education from your broker, at least it's a good starting point,but in reality who will help you understand yourself,tame your emotions,suppress the urge to ignore risk.

This are the important parts that only you can help retrain yourself on it.
That's why a very good trader may give you his or her highly profitable trading methods and you may still not make a dime from it.
They understand all this very well.
They can afford to give you everything since it will not stop them from making their money.

3 Likes

Re: Forex Trade Alerts: Season 21 by charly20(m): 10:58am On Apr 24, 2021
Please this is an S.O.S alert;

In the last four months since I began this journey, I have understood that this business requires a lot of emotional stability in order to be profitable no matter how good your strategy may be.
During the course of this past trading week, I succeeded in having a nice trading result going on for me and a nice spot on the contest ranking and then suddenly I lost my balance because of a lot of emotional burdens this past week and I have been relegated. There is still a chance of bouncing back to my feet but not with this my current state of mind. I can't seem to shake this one off like I do other losses.
I would really appreciate every form of emotional support I can get here or even privately (if you wish) since this is the only trading community i'm actually associated with.

2 Likes

Re: Forex Trade Alerts: Season 21 by Nobody: 11:25am On Apr 24, 2021
charly20:
Please this is an S.O.S alert;

In the last four months.

Just 4 months in this game, don't worry with time you'll become cold hearted.

Go and watch wall street 1984 movie or read sun tzu the art of war.
Re: Forex Trade Alerts: Season 21 by infofirst(m): 11:27am On Apr 24, 2021
charly20:
Please this is an S.O.S alert;

In the last four months since I began this journey, I have understood that this business requires a lot of emotional stability in order to be profitable no matter how good your strategy may be.
During the course of this past trading week, I succeeded in having a nice trading result going on for me and a nice spot on the contest ranking and then suddenly I lost my balance because of a lot of emotional burdens this past week and I have been relegated. There is still a chance of bouncing back to my feet but not with this my current state of mind. I can't seem to shake this one off like I do other losses.
I would really appreciate every form of emotional support I can get here or even privately (if you wish) since this is the only trading community i'm actually associated with.

Come on brotherly. Just as you wanted to give up, remember the reason why you started in the first place. It is not over until it is over. Yes you can.
Re: Forex Trade Alerts: Season 21 by charly20(m): 12:38pm On Apr 24, 2021
ILovebigyansh:


Just 4 months in this game, don't worry with time you'll become cold hearted.

Go and watch wall street 1984 movie or read sun tzu the art of war.


I'm not losing hope. Infact I think I've done really good in the last four months but external factors are causing distractions and I'm being overburdened. I shall take a look at your recommendations.
Thank you.

3 Likes

Re: Forex Trade Alerts: Season 21 by TradingMaestro(m): 12:41pm On Apr 24, 2021
charly20:
Please this is an S.O.S alert;

In the last four months since I began this journey, I have understood that this business requires a lot of emotional stability in order to be profitable no matter how good your strategy may be.
During the course of this past trading week, I succeeded in having a nice trading result going on for me and a nice spot on the contest ranking and then suddenly I lost my balance because of a lot of emotional burdens this past week and I have been relegated. There is still a chance of bouncing back to my feet but not with this my current state of mind. I can't seem to shake this one off like I do other losses.
I would really appreciate every form of emotional support I can get here or even privately (if you wish) since this is the only trading community i'm actually associated with.


Have you sorted out the causes of your emotional instability?
Re: Forex Trade Alerts: Season 21 by charly20(m): 12:51pm On Apr 24, 2021
TradingMaestro:



Have you sorted out the causes of your emotional instability?

Yes. But alone, I'm helpless in setting it straight.

1 Like

Re: Forex Trade Alerts: Season 21 by Nobody: 1:18pm On Apr 24, 2021
Looks like gold has printed a DCH on thursday with a follow through on friday. Although price closed above the resistance zone, it just gives me the view that price would eventually move above this DCH after printing a DCL.

Re: Forex Trade Alerts: Season 21 by highcurrent: 3:00pm On Apr 24, 2021
ILovebigyansh:


Just 4 months in this game, don't worry with time you'll become cold hearted.

Go and watch wall street 1984 movie or read sun tzu the art of war.
mehn that movie was inspiring.

movies like; wolf of Wall Street, rogue trader, margin call, the big short are educational movies.

2 Likes

Re: Forex Trade Alerts: Season 21 by highcurrent: 3:07pm On Apr 24, 2021
charly20:
Please this is an S.O.S alert;

In the last four months since I began this journey, I have understood that this business requires a lot of emotional stability in order to be profitable no matter how good your strategy may be.
During the course of this past trading week, I succeeded in having a nice trading result going on for me and a nice spot on the contest ranking and then suddenly I lost my balance because of a lot of emotional burdens this past week and I have been relegated. There is still a chance of bouncing back to my feet but not with this my current state of mind. I can't seem to shake this one off like I do other losses.
I would really appreciate every form of emotional support I can get here or even privately (if you wish) since this is the only trading community i'm actually associated with.
One way of managing your emotions, is by sticking to your rules.

Be disciplined in your trading activities and plan.we are all humans, cannot do without emotions. we can only manage and suppress it.

you talked about external distractions. YOU WILL NEED TO FOCUS
Re: Forex Trade Alerts: Season 21 by charly20(m): 4:04pm On Apr 24, 2021
highcurrent:
One way of managing your emotions, is by sticking to your rules.

Be disciplined in your trading activities and plan.we are all humans, cannot do without emotions. we can only manage and suppress it.

you talked about external distractions. YOU WILL NEED TO FOCUS


Thank you for the kind words of advice. True, my rules were broken in the process.

2 Likes

Re: Forex Trade Alerts: Season 21 by harizonal123(m): 7:55am On Apr 25, 2021
Quote of the week



"Getting money is one thing,
Keeping it is another.

99% of traders can do the first one.

Only 1% can do the second one."

6 Likes

Re: Forex Trade Alerts: Season 21 by blackman007: 8:44am On Apr 25, 2021
harizonal123:
Quote of the week



"Getting money is one thing,
Keeping it is another.

99% of traders can do the first one.

Only 1% can do the second one."


10000 likes cool

3 Likes

Re: Forex Trade Alerts: Season 21 by klinksd: 9:24am On Apr 25, 2021
Happy Sunday folks.

@charly20, you will be fine...every trader passes through this phase; experience will always be the best teacher and that includes failure. Just make sure that you understand clearly how you won and be consistently repetitive in that strategy.

@GabsonFX, welcome back boss...congrats on your newborn and other wins. No leave us again oooh.. grin

@Fxwarrior @XAUTrader4L @Theyoungmaster and other 'volatile' traders, what is your bias on XAUUSD after market open....

Re: Forex Trade Alerts: Season 21 by Nobody: 1:40pm On Apr 25, 2021
klinksd:
Happy Sunday folks.

@charly20, you will be fine...every trader passes through this phase; experience will always be the best teacher and that includes failure. Just make sure that you understand clearly how you won and be consistently repetitive in that strategy.

@GabsonFX, welcome back boss...congrats on your newborn and other wins. No leave us again oooh.. grin

@Fxwarrior @XAUTrader4L @Theyoungmaster and other 'volatile' traders, what is your bias on XAUUSD after market open....



Medium term: would consider a sell if i see a daily close below 1764 target 1714 for a higher low.

Long term: looks to be setting up for the next bull run, that is if the 8 mar. low is not breached.

2 Likes

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