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Forex Trade Alerts: Season 21 - Business (144) - Nairaland

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Re: Forex Trade Alerts: Season 21 by Akinnraland: 5:04pm On Jun 01, 2021
Akinnraland:
1) usdjpy buy
Moved up close to 4 RR but came back to hit SL.

Re: Forex Trade Alerts: Season 21 by CopyJoe: 5:08pm On Jun 01, 2021
Theyoungmaster:


This was me on gold. Sold at yesterday's high on 1911 with 50pips Sl and tp at 1892.i decided to train my psychology by "setting and forget" only to check in few minutes ago and see price hit sl and then reversed straight to my tp. Maybe It's well.

The day i will sit on a trade, it will be toying with my emotions. If I na decide to trade like my bosses and forgo emotions,things will na occur.

My story on GU.

I learnt something tho. It's not the best entry and sl using market structure.

1 Like

Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 5:25pm On Jun 01, 2021
Tony142:
"The easiest way to have a strong trading psychology is to be happy when u make a loss and be sad when you make a profit" - Tony142, 2021.


Ahhh! You say?!gringrin

1 Like

Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 5:27pm On Jun 01, 2021
CopyJoe:


My story on GU.

I learnt something tho. It's not the best entry and sl using market structure.

Same here brother. I entered too early. Should have waited for a break of market structure and a divergence or double top before pulling the trigger. We learn everyday.

1 Like

Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 5:31pm On Jun 01, 2021
Na wa o, SL hit everywhere, I dey safe with AU long sha
Re: Forex Trade Alerts: Season 21 by rchwiz: 5:38pm On Jun 01, 2021
Dis contest get as e be.
One disqualification already..
Re: Forex Trade Alerts: Season 21 by rchwiz: 5:41pm On Jun 01, 2021
Tony142:
"The easiest way to have a strong trading psychology is to be happy when u make a loss and be sad when you make a profit" - Tony142, 2021.

Be like say you still dey trade demo account. When your 1000$ live account gets blown, you'll modify that statement..

1 Like

Re: Forex Trade Alerts: Season 21 by Edd1e(m): 5:41pm On Jun 01, 2021
Tony142:
"The easiest way to have a strong trading psychology is to be happy when u make a loss and be sad when you make a profit" - Tony142, 2021.

LOL, this one off me cheesy grin cheesy
Re: Forex Trade Alerts: Season 21 by charly20(m): 6:00pm On Jun 01, 2021
ogashman:


This is exactly me today.....bought gj with 40pips SL. Na have been monitoring it since. Got home, decided to rest for 30 mins came back discovered SL has been hit....it is well

How are you buying GJ at this point in time? cry...
Re: Forex Trade Alerts: Season 21 by ogashman(m): 6:05pm On Jun 01, 2021
Theyoungmaster:


This was me on gold today. Sold at yesterday's high on 1911 with 50pips Sl and tp at 1892.i decided to train my psychology by "setting and forget" only to check in few minutes ago and see price hit sl and then reversed straight to my tp. It's well.

The day i will sit on a trade, it will be toying with my emotions. If I na decide to trade like my bosses and forgo emotions,things will na occur.

We will get there someday

1 Like

Re: Forex Trade Alerts: Season 21 by ogashman(m): 6:06pm On Jun 01, 2021
charly20:


How are you buying GJ at this point in time? cry...

I bought when it was testing the 155.28 critical support.
Re: Forex Trade Alerts: Season 21 by ogashman(m): 6:07pm On Jun 01, 2021
Tony142:
"The easiest way to have a strong trading psychology is to be happy when u make a loss and be sad when you make a profit" - Tony142, 2021.

This guy grin grin


U will do well as a comedian aswear

1 Like

Re: Forex Trade Alerts: Season 21 by Nobody: 6:39pm On Jun 01, 2021
Tony142:
"The easiest way to have a strong trading psychology is to be happy when u make a loss and be sad when you make a profit" - Tony142, 2021.

It's like na you quote this one �

1 Like

Re: Forex Trade Alerts: Season 21 by Nobody: 6:40pm On Jun 01, 2021
Elliotwaveforec:
Na wa o, SL hit everywhere, I dey safe with AU long sha

I dey tell u
Re: Forex Trade Alerts: Season 21 by bigbasho: 6:45pm On Jun 01, 2021
With reference to my outlook last week the long range was a build-up for the push to form the 3rd level rise on the daily. The pattern actually come to play. And if that is the level 3 rise, i expect a huge reset before i will want to join you to travel to Arewa. That is why my bias is south. And what if that is the begining of another first level downwards?

GabsonFX:
That's right bro, that level (155.29) is broken and with a big momentum......Sellers are on at this point...I will make decisions by today's close

Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 6:47pm On Jun 01, 2021
we all see differently

1 Like

Re: Forex Trade Alerts: Season 21 by bigbasho: 6:47pm On Jun 01, 2021
With reference to my outlook last week the long range was a build-up for the push to form the 3rd level rise on the daily. The pattern actually come to play. And if that is the level 3 rise, i expect a huge reset before i will want to join you to travel to Arewa. That is why my bias is south. And what if that is the begining of another first level downwards?

GabsonFX:

That's right bro, that level (155.29) is broken and with a big momentum......Sellers are on at this point...I will make decisions by today's close

Re: Forex Trade Alerts: Season 21 by Gasive: 6:57pm On Jun 01, 2021
rchwiz:


Be like say you still dey trade demo account. When your 1000$ live account gets blown, you'll modify that statement..

Re: Forex Trade Alerts: Season 21 by Ignatio(m): 7:17pm On Jun 01, 2021
ogashman:


This is exactly me today.....bought gj with 40pips SL. Na have been monitoring it since. Got home, decided to rest for 30 mins came back discovered SL has been hit....it is well

Heartbreaking but like they say experience is the best teacher.
Re: Forex Trade Alerts: Season 21 by Tony142: 7:26pm On Jun 01, 2021
I made a quote few hours ago, which was



Tony142:
"The easiest way to have a strong trading psychology is to be happy when u make a loss and be sad when you make a profit" - Tony142, 2021.




Some people made fun of it, Lol

There is a reason behind every quote u see, instead of you to ask me why I said so, u did not - but prefer laughing instead


Here is how it works, in trading there are 3 type of fear - which are


1. Fear of lossing money
2. Fear of missing out
3. Fear of being wrong


My main focus for this post will be number one which is - Fear of lossing money


Now, here is the secret of overcoming fear


The easiest way to overcome your fear is to face your fear, or let me say the easiest way to overcome your fear is to accept your fear


Do u remember back then? There was that things u normally fear in the past but one day u gather courage and finally face that fear and u discover that the fear was not a big deal, infact, after overcoming your fear your confidence will grow instantly


Let assume there are two guys, one is call peter while the other is called James , both of them want to toast one pretty girl in their class, but they are afraid of rejection


Peter have the mindset that "I know she will reject me, but let me just toast her for toasting sake"


James have the mindset that "I will like to date this girls, God pls do not allow her to reject me o"


Now, my question is that if the girl reject both of them, who do u think will be more disappointed?...Of course James will be more disappointed, why?...because he was afraid of rejection


But Peter was not afraid of rejection(fear of losing money) so, since peter was not afraid of rejection he will not be disappointed



Same also apply to Forex , when u are afraid of losing, trust me that is when u will loss, but when u are not afraid of losing that is when the market will even go in your direction



If u have the mindset of expecting a trade to go wrong and the trade really go wrong, it will not be a surprise to u, why?...because u have already program your mind that the trade will go wrong,


But if u expect a trade to go in your favor and the trade go wrong, u will get angry and emotions will take over which will even lead to a bigger loss, why will u have a bigger loss?...it is because u were hoping that the trade will reverse and go back in your favor. but guess what? It keep going against u which will result to a bigger loss



It seems that my quote is causing controversy, so I will modify it to


"be happy when u make profit, but do not be afraid to loss money too" - Tony142, 2021

4 Likes

Re: Forex Trade Alerts: Season 21 by Donsheddy: 7:32pm On Jun 01, 2021
bigbasho:
With reference to my outlook last week the long range was a build-up for the push to form the 3rd level rise on the daily. The pattern actually come to play. And if that is the level 3 rise, i expect a huge reset before i will want to join you to travel to Arewa. That is why my bias is south. And what if that is the begining of another first level downwards?


This Grammer plenty sha...
I no understand one thing you talk here boss
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 7:33pm On Jun 01, 2021
Simply put , before u take a trade
Assume it's a losing trade, that will help in minimizing risk and position size

2 Likes

Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 7:35pm On Jun 01, 2021
Donsheddy:


This Grammer plenty sha...
I no understand one thing you talk here boss
I think He means the sell might be a wave two preparing for wave 3 or the start of an impulse wave 1 downwards
Re: Forex Trade Alerts: Season 21 by Tony142: 7:35pm On Jun 01, 2021
Donvic4u:
Simply put , before u take a trade
Assume it's a losing trade, that will help in minimizing risk and position size




Thank God u understand what I was trying to say

2 Likes

Re: Forex Trade Alerts: Season 21 by Nobody: 8:10pm On Jun 01, 2021
On point

Donvic4u:
Simply put , before u take a trade
Assume it's a losing trade, that will help in minimizing risk and position size
Re: Forex Trade Alerts: Season 21 by Gasive: 8:12pm On Jun 01, 2021
Tony142:
I made a quote few hours ago, which was







Some people made fun of it, Lol

There is a reason behind every quote u see, instead of you to ask me why I said so, u did not - but prefer laughing instead


Here is how it works, in trading there are 3 type of fear - which are


1. Fear of lossing money
2. Fear of missing out
3. Fear of being wrong


My main focus for this post will be number one which is - Fear of lossing money


Now, here is the secret of overcoming fear


The easiest way to overcome your fear is to face your fear, or let me say the easiest way to overcome your fear is to accept your fear


Do u remember back then? There was that things u normally fear in the past but one day u gather courage and finally face that fear and u discover that the fear was not a big deal, infact, after overcoming your fear your confidence will grow instantly


Let assume there are two guys, one is call peter while the other is called James , both of them want to toast one pretty girl in their class, but they are afraid of rejection


Peter have the mindset that "I know she will reject me, but let me just toast her for toasting sake"


James have the mindset that "I will like to date this girls, God pls do not allow her to reject me o"


Now, my question is that if the girl reject both of them, who do u think will be more disappointed?...Of course James will be more disappointed, why?...because he was afraid of rejection


But Peter was not afraid of rejection(fear of losing money) so, since peter was not afraid of rejection he will not be disappointed



Same also apply to Forex , when u are afraid of losing, trust me that is when u will loss, but when u are not afraid of losing that is when the market will even go in your direction



If u have the mindset of expecting a trade to go wrong and the trade really go wrong, it will not be a surprise to u, why?...because u have already program your mind that the trade will go wrong,


But if u expect a trade to go in your favor and the trade go wrong, u will get angry and emotions will take over which will even lead to a bigger loss, why will u have a bigger loss?...it is because u were hoping that the trade will reverse and go back in your favor. but guess what? It keep going against u which will result to a bigger loss



It seems that my quote is causing controversy, so I will modify it to


"be happy when u make profit, but do not be afraid to loss money too" - Tony142, 2021
Awon motivational speaker. grin grin

1 Like

Re: Forex Trade Alerts: Season 21 by Nobody: 8:14pm On Jun 01, 2021
Gasive, you with these your special skills of meme --- you dey always burst me... grin grin grin
Gasive:

Awon motivational speaker. grin grin
Re: Forex Trade Alerts: Season 21 by Gasive: 8:16pm On Jun 01, 2021
GabsonFX:
Gasive, you with these your special skills of meme --- you dey always burst me... grin grin grin

Re: Forex Trade Alerts: Season 21 by Nobody: 8:28pm On Jun 01, 2021
Tony142:
"People with similar trading style, are more likely to have similar trading psychology too" -
Tony142, 2021.

grin grin grin
Re: Forex Trade Alerts: Season 21 by charly20(m): 8:31pm On Jun 01, 2021
Donvic4u:
we all see differently

I still think there's "so much room' down stairs IMO

1 Like

Re: Forex Trade Alerts: Season 21 by Tony142: 8:35pm On Jun 01, 2021
Gasive:

Awon motivational speaker. grin grin



cheesy cheesy cheesy
Re: Forex Trade Alerts: Season 21 by Tony142: 8:36pm On Jun 01, 2021

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