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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 21 (325996 Views)
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Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 3:53am On May 22, 2021 |
Gasive: I'm still wondering how some people are able to trade indices with 1:30 leverage. 1 Like |
Re: Forex Trade Alerts: Season 21 by hegelian: 9:18am On May 22, 2021 |
GabsonFX: there is no generalization in my post.. am only buttressing the guy post of irrelevance of tf in itself....we mostly support a particular tf as a refrence point individually according to our psychological temperament and strategy strenght but not on a raw data analysis, "fractal Market Analysis by Edgar Peters" alluded to this fact perfectly with his chaos theory to investment and economics..if you reread my post, you will find nowhere i support a particular way of trading but a general abstract of it.. 1 Like |
Re: Forex Trade Alerts: Season 21 by hegelian: 9:21am On May 22, 2021 |
GabsonFX: exaclty bros..its only a trader with medium knowledge that will be championing one tf over the other, with enough experience we have come to realized that trading is a complete way of life where your strategy is a function of your individuality and our individuality is shaped by our temperament,psychology,IQs, and plethora of other functions... for example i cant use multitimeframes to trade..if i take a trade on 1hr tf, i manage it and exist it on 1hr independent of all other tfs same for other tfs..i have come to realized that my brain cant handle the confussions coming from other tfs.. 6 Likes |
Re: Forex Trade Alerts: Season 21 by Nobody: 9:43am On May 22, 2021 |
Theyoungmaster: The contract specification of indices CFD's completely differs from that of currency. That 1:30 is equals to 1:300 in currency market. Also depending on the broker, some brokers have different contract specs for each of the individual indices traded in relation to their margin requirements & leverage. Unlike in currency CFDs which is the same in any broker just little differences in their spread, commission... Indices gives fast money but can also be very dangerous i.e DE30 3 Likes |
Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 9:54am On May 22, 2021 |
ILovebigyansh: I asked cos i tried opening a position on US30 yesterday, was told insufficient funds. Maybe it has to do with different brokers having different contract requirements as you rightly pointed out. 2 Likes |
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 10:21am On May 22, 2021 |
ILovebigyansh: I tried US30, the profit was coming in fast; suddenly, it reversed and kicked me out of the competition. 5 minutes TF would be appropriate for the instrument 1 Like |
Re: Forex Trade Alerts: Season 21 by charly20(m): 10:42am On May 22, 2021 |
New lessons learnt in the week. As I expected of GJ, she didn't fall just yet. She had a massive bullish candle at the close of last week so I expected creation of liquidity first before proceeding. My TA 101 requires that I don't jump in front of a moving train(entering immediately after the close of a solid bullish candle) or catch a falling knife (entering immediately after the close of a solid bearish candle). My 1hr and 4hr tfs have a head and shoulders formation, maybe a break on Monday would be the green light we need. 3 Likes
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Re: Forex Trade Alerts: Season 21 by Mayork2(m): 11:16am On May 22, 2021 |
Elliotwaveforec:indices are very profitable but you need to master your entry and exit points 1 Like |
Re: Forex Trade Alerts: Season 21 by Mayork2(m): 11:17am On May 22, 2021 |
Theyoungmaster:it depends on the broker |
Re: Forex Trade Alerts: Season 21 by Nobody: 12:23pm On May 22, 2021 |
XAUTrader4L: The same week we had a daily close above TL is the same week we have a weekly close above the TL and resistance zone. All bullish signs, though now there are daily candles with small bodies so I expect a bit of retracement then I will be more comfortable. Also sentiment is saying retail traders keep adding sells so it's a good thing for the bulls. |
Re: Forex Trade Alerts: Season 21 by boom99(m): 1:22pm On May 22, 2021 |
Wow we really have good traders here oo.
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Re: Forex Trade Alerts: Season 21 by blackman007: 2:44pm On May 22, 2021 |
hegelian: You made a really fantastic point boss, I’ll appreciate it if you can explain what you mean by strategy strength sir... |
Re: Forex Trade Alerts: Season 21 by WAVESANDGOLD: 2:52pm On May 22, 2021 |
Kaesyrn: how do you check the pair someone is trading? |
Re: Forex Trade Alerts: Season 21 by romklef(m): 6:48pm On May 22, 2021 |
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Re: Forex Trade Alerts: Season 21 by Akinnraland: 8:36pm On May 22, 2021 |
Qpetz:Hello Qpetz , I have been trying to reach you through PM for sometime. Please can I email you sometimes if you drop your email ? I'd like to discuss ( mutual benefit to us ) Thanks. |
Re: Forex Trade Alerts: Season 21 by Akinnraland: 9:06pm On May 22, 2021 |
Qpetz:Or send me a mail here (..... ) |
Re: Forex Trade Alerts: Season 21 by Nobody: 9:23pm On May 22, 2021 |
Congrats to the winners |
Re: Forex Trade Alerts: Season 21 by infofirst(m): 12:28am On May 23, 2021 |
ItzProspero: Its interesting. Is it the chase to catch up with that number one that led to many disqualification? Wow. |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:13am On May 23, 2021 |
infofirst: It's interesting ![]() What you did was just pure evil though. You increased leverage & reduced DD. 1 Like |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:20am On May 23, 2021 |
infofirst:I quite agree with thesis. 1 Like |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:22am On May 23, 2021 |
ILovebigyansh:The twist is necessary to alter stuffs. That way all contestants can figure out the weakness of their style. 1 Like |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:23am On May 23, 2021 |
ItzProspero:Contest has not ended yet. |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:38am On May 23, 2021 |
NetValueFX: Definitely, It's hilarious still. He increased trading power fhen reduced loss limit. This tests the risk management strength of all players involved. 3 Likes |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:58am On May 23, 2021 |
ILovebigyansh:Yeah. |
Re: Forex Trade Alerts: Season 21 by Qpetz: 8:13am On May 23, 2021 |
Akinnraland: Sorry for the late response. Check your mail. |
Re: Forex Trade Alerts: Season 21 by klinksd: 9:17am On May 23, 2021 |
XAUTrader4L: Exactly...even if there is a manipulation by the market makers as there usually is, there will be a technical heads-up on the chart, you just need to know what to look for and find. |
Re: Forex Trade Alerts: Season 21 by klinksd: 9:32am On May 23, 2021 |
Theyoungmaster: ...highly risky in this competition because of equity, margin and drawdown requirements... ![]() 3 Likes |
Re: Forex Trade Alerts: Season 21 by klinksd: 9:44am On May 23, 2021 |
ILovebigyansh: @infofirst is really trying hard to make us gentle, optimal, less risk-taking, profitably sustainable traders, but, some of us no dey hear word oooh...werey like coconut shell, waiting for the next gbas gbos for pips/profit... ![]() ![]() 4 Likes |
Re: Forex Trade Alerts: Season 21 by Nobody: 11:44am On May 23, 2021 |
infofirst: I don't see it that way boss. I believe all the rules are essentially for our good in the long term. I personally have been distracted since the crypto bull run. But am returning better in the next contest. I appreciate your good work boss. I wish more people can support you in this 3 Likes |
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 12:42pm On May 23, 2021 |
klinksd: Which one be werey? you dey talk like tout |
Re: Forex Trade Alerts: Season 21 by boom99(m): 12:52pm On May 23, 2021 |
infofirst: Nice one infofirst. This was my first competition ever and I am learning alot. Thanks for the opportunity |
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