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Forex Trade Alerts: Season 21 - Business (103) - Nairaland

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Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 3:20pm On May 07, 2021
Theyoungmaster:


One leg down has been printed.

Scenario 1; I'd be expecting a bump to test today's high and subsequently the 91.42 zone before a dump to last week's low at 90.31
Scenario 2; Break of 91.42 exposes further gains to the upside






The drop is complete. You saw it here first. Price action is the King. Fundamentals(NFP) in this case only fast-forward things. I'm expecting DXY to bounce up from around 90.39

1 Like

Re: Forex Trade Alerts: Season 21 by Kaesyrn(m): 3:23pm On May 07, 2021
Theyoungmaster:







The drop is complete. You saw it here first. Price action is the King. Fundamentals(NFP) in this case only fast-forward things. I'm expecting DXY to bounce up from around 90.39

If you look at the daily, It seems to have retested and might fall down more to S1 support at 90.0X price region...

What a drop...

FANTABULOS!!! grin

2 Likes

Re: Forex Trade Alerts: Season 21 by romklef(m): 3:45pm On May 07, 2021
Eryyy92:
I think every madness has ended grin
Price going back to it structures
Today I understood that strong zones can't be easily broken by news
I watched how all the pairs were volatile
But still dey couldn't close pass the break if the structures I drew
Nzdusd, gbpusd,audusd and eursusd

I taught am the only one that notice it cheesy

1 Like

Re: Forex Trade Alerts: Season 21 by alphaNomega: 3:45pm On May 07, 2021
ILovebigyansh:
Data came out really awful for the greenback.


Let me not say " I told you so cheesy"

alphaNomega:


WHEN YOU SEE ARTICLES LIKE THIS IN FOREX, DO THE OPPOSITE!

1 Like

Re: Forex Trade Alerts: Season 21 by romklef(m): 3:46pm On May 07, 2021
Trading nfp is cool but only when you're in profit cool

1 Like

Re: Forex Trade Alerts: Season 21 by IMAliyu(m): 4:49pm On May 07, 2021
I failed to update my last post.
My long on Gold

My first trend line was broken, but the horizontal support held.

1 Like

Re: Forex Trade Alerts: Season 21 by Nobody: 4:51pm On May 07, 2021
alphaNomega:


Let me not say " I told you so cheesy"


@Kaesyrn

1 Like

Re: Forex Trade Alerts: Season 21 by harizonal123(m): 5:50pm On May 07, 2021
Very turbulent and volatile week. Thursday and Friday took back most of my profit

1 Like

Re: Forex Trade Alerts: Season 21 by djwalata(m): 6:19pm On May 07, 2021
harizonal123:
Very turbulent and volatile week. Thursday and Friday took back most of my profit
U would've profited from today's movement if ur strategy works because all indicators pointed at weak usd days back.

2 Likes

Re: Forex Trade Alerts: Season 21 by Nobody: 7:34pm On May 07, 2021
The top 6 in this contest are taking this personal.

Make una relax. grin

1 Like

Re: Forex Trade Alerts: Season 21 by romklef(m): 7:47pm On May 07, 2021
ILovebigyansh:
The top 6 in this contest are taking this personal.

Make una relax. grin
grin
ILovebigyansh:
The top 6 in this contest are taking this personal.

Make una relax. grin

Abi na

1 Like

Re: Forex Trade Alerts: Season 21 by romklef(m): 7:48pm On May 07, 2021
This contest is getting more interesting cool

2 Likes

Re: Forex Trade Alerts: Season 21 by bigbasho: 8:00pm On May 07, 2021
May be spread widening. It tiggers SL buy stop and sell stop but not take profit... This happened last night during spreaad widening... I never see this kind one o.

Rich4god:
Some brokers are thief sha. I initiated a trade o. After the spike this afternoon, I noticed that the price went over my TP and it didnt trigger to close the trade. So I just assumed it was an error. I now set SL cos I noticed price was retracting, The price still went below my SL yet wasnt triggered.

Is there something am missing.

1 Like

Re: Forex Trade Alerts: Season 21 by charly20(m): 8:30pm On May 07, 2021
What a week... After holding for 3 solid days , EU paid off. I've learnt in the last couple of months that it's not healthy for me to have a lot on my watchlist... The lesser pairs I have, the more focused I am. The road is getting clearer tho.

Please who has a clear analysis on GJ?... The lady is Soo choppy and indecisive... She "punished" me this week after a long hold

I shall take my decision on AUDCAD next week.. enjoy your weekend y'all!

4 Likes

Re: Forex Trade Alerts: Season 21 by charly20(m): 8:30pm On May 07, 2021
What a week... After holding for 3 solid days , EU paid off. I've learnt in the last couple of months that it's not healthy for me to have a lot on my watchlist... The lesser pairs I have, the more focused I am. The road is getting clearer tho.

Please who has a clear analysis on GJ?... The lady has been so choppy and indecisive... She "punished" me this week after a long hold

I shall take my decision on AUDCAD next week.. enjoy your weekend y'all!

2 Likes

Re: Forex Trade Alerts: Season 21 by blackman007: 8:37pm On May 07, 2021
I can’t wait for the weekend gists..... yay, so what’s your one of the trading rules you go by? Mine is never widen your predetermined stop loss, what’s yours?? grin grin

1 Like

Re: Forex Trade Alerts: Season 21 by shina101(m): 9:20pm On May 07, 2021
Hello guys,

I have been practicing on demo for a while, I'll like to know which broker has very tight spread and fast withdrawal.

Thanks
Re: Forex Trade Alerts: Season 21 by Nobody: 9:24pm On May 07, 2021
charly20:
What a week... After holding for 3 solid days , EU paid off. I've learnt in the last couple of months that it's not healthy for me to have a lot on my watchlist... The lesser pairs I have, the more focused I am. The road is getting clearer tho.

Please who has a clear analysis on GJ?... The lady is Soo choppy and indecisive... She "punished" me this week after a long hold

I shall take my decision on AUDCAD next week.. enjoy your weekend y'all!

In my 6 years of trading & 2 years of reaching profitability status i have learnt the less complicated yout trading system or style is ..the better for you.

I still remember the flash crash of jan 15 2015. That made me start a journey to understand fundamentals i had a lot of CHF pairs on my watchlist had 3 positions running, the loss i acquired that day made me think about life.

3 Likes

Re: Forex Trade Alerts: Season 21 by charly20(m): 10:30pm On May 07, 2021
ILovebigyansh:


In my 6 years of trading & 2 years of reaching profitability status i have learnt the less complicated yout trading system or style is ..the better for you.

I still remember the flash crash of jan 15 2015. That made me start a journey to understand fundamentals i had a lot of CHF pairs on my watchlist had 3 positions running, the loss i acquired that day made me think about life.

Very true. Seen some of those myself in this my short period of trading

1 Like

Re: Forex Trade Alerts: Season 21 by Nobody: 10:50pm On May 07, 2021
kiss

blackman007:
I can’t wait for the weekend gists..... yay, so what’s your one of the trading rules you go by? Mine is never widen your predetermined stop loss, what’s yours?? grin grin

1 Like

Re: Forex Trade Alerts: Season 21 by CopyJoe: 11:41pm On May 07, 2021
GabsonFX:
kiss


Boss, could you please share one or two with us?

2 Likes

Re: Forex Trade Alerts: Season 21 by Kaesyrn(m): 6:55am On May 08, 2021
ILovebigyansh:


@Kaesyrn

I don't feel like saying much but my little response is Viz...

Admittedly, his statement was tentative in the most sense...

Everyone has their own bias, at least when voicing out your opinion give an underbase upon which your opinion stands and he failed to do so and now coming back to say "I TOLD YOU SO"

That's bs...

In trading' I closely follow the Dollar and GBP index, people in stocks were selling off GBP and DXY was weak as well due to forecast coming out negative this past week...

So the essence is when fundamentals fails you look at technical and ditto...

Technically GBPUSD was forming an ascending triangle on the H1 so the buy makes complete sense when you look at it...

Fundamentally, it was on a decline but closed on a high this week due to positive news from BoE...

Omo nor be me too know pass sha, I still be smallie for this Forex market...

Make people wey senior us and get experience dey carry us along abeg cheesy

3 Likes

Re: Forex Trade Alerts: Season 21 by blackman007: 8:25am On May 08, 2021
****weekend gist continues, let’s learn from each other, what’s the trading rule you live by? grin cheesy grin
Re: Forex Trade Alerts: Season 21 by djwalata(m): 9:30am On May 08, 2021
charly20:
What a week... After holding for 3 solid days , EU paid off. I've learnt in the last couple of months that it's not healthy for me to have a lot on my watchlist... The lesser pairs I have, the more focused I am. The road is getting clearer tho.

Please who has a clear analysis on GJ?... The lady has been so choppy and indecisive... She "punished" me this week after a long hold

I shall take my decision on AUDCAD next week.. enjoy your weekend y'all!
It depends on what d price action does on this resistance, though d daily trend is up but a confirmation is still needed.

1 Like

Re: Forex Trade Alerts: Season 21 by iLegendd(m): 9:31am On May 08, 2021
charly20:
What a week... After holding for 3 solid days , EU paid off. I've learnt in the last couple of months that it's not healthy for me to have a lot on my watchlist... The lesser pairs I have, the more focused I am. The road is getting clearer tho.

Please who has a clear analysis on GJ?... The lady is Soo choppy and indecisive... She "punished" me this week after a long hold

I shall take my decision on AUDCAD next week.. enjoy your weekend y'all!

Key!

2 Likes

Re: Forex Trade Alerts: Season 21 by Kaesyrn(m): 9:32am On May 08, 2021
blackman007:
****weekend gist continues, let’s learn from each other, what’s the trading rule you live by? grin cheesy grin

Make sure you have a well tested and solid strategy in place especially in area of risk management. This can be summarize as thus:

1. Risk not more than 0.5% (1% max) on any single trade(50pips)
2. Focus more on signal from 4h to daily time frame for solid setup ( occasional H1 chart) and look only at the lower time frame(<H1 less than) only just for optimal entry
3. Always wait for high probability setup of your trading strategy... Don't rush to pick anyhow trade. Remember you must choose your battle wisely.
4. Capitalize on your high probability trade with Max lot size and ride it to the fullest (caution don't be too greedy)
5. Patience Patience and Patience

Cc.
BrightFuture48

8 Likes

Re: Forex Trade Alerts: Season 21 by Kaesyrn(m): 9:33am On May 08, 2021
iLegendd:


Key!

Bossu your leg stretch reach here today ?

Forex >>>>> grin grin grin

2 Likes

Re: Forex Trade Alerts: Season 21 by blackman007: 9:39am On May 08, 2021
Kaesyrn:


Make sure you have a well tested and solid strategy in place especially in area of risk management. This can be summarize as thus:

1. Risk not more than 0.5% (1% max) on any single trade(50pips)
2. Focus more on signal from 4h to daily time frame for solid setup ( occasional H1 chart) and look only at the lower time frame(<H1 less than) only just for optimal entry
3. Always wait for high probability setup of your trading strategy... Don't rush to pick anyhow trade. Remember you must choose your battle wisely.
4. Capitalize on your high probability trade with Max lot size and ride it to the fullest (caution don't be too greedy)
5. Patience Patience and Patience

Cc.
BrightFuture48


I comot cap for you boss mi.... words well crafted.. cheesy cheesy grin grin

1 Like

Re: Forex Trade Alerts: Season 21 by Nobody: 11:09am On May 08, 2021
Pardon me if I'm harsh this time, this gets me mad all the time

Never! Ever!! Ever!!! Follow those that advise compounding in this business. A lot of bad behavior in this business.

It gets me crazy when I see those fascinating calculations and expectations and goals on profits expectation, these are all mirage. They tell you that my challenge is to turn $1K to $10K in 12months...I have always fought against this even from my past posts, especially during the time I hosted contests....I used the word - RUN. Again, when you see this, just block that person & run away from them.

I REPEAT! IGNORE THAT PASSION TO COMPOUND! You will blow that account in dew time.

I come in peace. kiss

7 Likes

Re: Forex Trade Alerts: Season 21 by CopyJoe: 11:23am On May 08, 2021
GabsonFX:
Pardon me if I'm harsh this time, this gets me mad all the time

Never! Ever!! Ever!!! Follow those that advise compounding in this business. A lot of bad behavior in this business.

It gets me crazy when I see those fascinating calculations and expectations and goals on profits expectation, these are all mirage. They tell you that my challenge is to turn $1K to $10K in 12months...I have always fought against this even from my past posts, especially during the time I hosted contests....I used the word - RUN. Again, when you see this, just block that person & run away from them.

I REPEAT! IGNORE THAT PASSION TO COMPOUND! You will blow that account in dew time.

I come in peace. kiss

Thank you, boss.

2 Likes

Re: Forex Trade Alerts: Season 21 by blackman007: 11:36am On May 08, 2021
GabsonFX:
Pardon me if I'm harsh this time, this gets me mad all the time

Never! Ever!! Ever!!! Follow those that advise compounding in this business. A lot of bad behavior in this business.

It gets me crazy when I see those fascinating calculations and expectations and goals on profits expectation, these are all mirage. They tell you that my challenge is to turn $1K to $10K in 12months...I have always fought against this even from my past posts, especially during the time I hosted contests....I used the word - RUN. Again, when you see this, just block that person & run away from them.

I REPEAT! IGNORE THAT PASSION TO COMPOUND! You will blow that account in dew time.

I come in peace. kiss



Yes boss, but in your opinion sir, what do you think it’s the best way to grow a small account?? What tips or advice can you give??

2 Likes

Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 11:39am On May 08, 2021
GabsonFX:
Pardon me if I'm harsh this time, this gets me mad all the time

Never! Ever!! Ever!!! Follow those that advise compounding in this business. A lot of bad behavior in this business.

It gets me crazy when I see those fascinating calculations and expectations and goals on profits expectation, these are all mirage. They tell you that my challenge is to turn $1K to $10K in 12months...I have always fought against this even from my past posts, especially during the time I hosted contests....I used the word - RUN. Again, when you see this, just block that person & run away from them.

I REPEAT! IGNORE THAT PASSION TO COMPOUND! You will blow that account in dew time.

I come in peace. kiss

Compounding isn't easy o; just get enough capital and trade with small lot size; then, your longevity in this business is 50% assured.

2 Likes

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