₦airaland Forum

It's Friday. Abeg make una go rest and enjoy.

Chilling.

Forexislife:
It's Friday. Abeg make una go rest and enjoy.

Chilling.

Enjoy boss, my turn never reach

I guess this mitigation and RTO works better on a higher TF.

I usually use 15 minutes TF for sniper entry but after seeing this your analysis, I’ll have to see videos on this mitigation, blocks and RTO so I can learn to trade them.

I become enthusiastic about trading every week and thanks to this community.

charly20:
As I said earlier, I'm still very bullish on USD and bearish on EU. Unfortunately, I was so busy that I didn't observe price mitigate those areas so I could manage to add a few more positions.
I'm a swing trader-in-training the kind crypto traders call HODLERS so I'm ready to lose an already profitable trade if it suddenly goes against me. Since USD has so beautifully reacted as expected, I'll still HODL my USDCAD till 1.30 and EU till I see USD becoming weak.




An RTO is "return to order block". By my understanding, It is an ICT concept which denotes an area where institutional buyers come to close orders which they had previously opened after accumulation or distribution.

There are many "blocks" though .

I learned from ICT, glad to see you found something interesting from my post.

Enjoy your weekend!

abham:
I guess this mitigation and RTO works better on a higher TF.

I usually use 15 minutes TF for sniper entry but after seeing this your analysis, I’ll have to see videos on this mitigation, blocks and RTO so I can learn to trade them.

I become enthusiastic about trading every week and thanks to this community.

To each his own style of trading.
I trade order blocks which I learned from ICT but I have other factors I consider too like Wyckoff's schematics and market structure. I use Elliot waves also to guide my direction.

It's supposed to be simple. I hope you find what works for you too.

Cheers!

charly20:
As I said earlier, I'm still very bullish on USD and bearish on EU. Unfortunately, I was so busy that I didn't observe price mitigate those areas so I could manage to add a few more positions.
I'm a swing trader-in-training the kind crypto traders call HODLERS so I'm ready to lose an already profitable trade if it suddenly goes against me. Since USD has so beautifully reacted as expected, I'll still HODL my USDCAD till 1.30 and EU till I see USD becoming weak.




An RTO is "return to order block". By my understanding, It is an ICT concept which denotes an area where institutional buyers come to close orders which they had previously opened after accumulation or distribution.

There are many "blocks" though .

I learned from ICT, glad to see you found something interesting from my post.

Enjoy your weekend!

Next week, all things being equal, USD will be strong across board.

charly20:
To each his own style of trading.
I trade order blocks which I learned from ICT but I have other factors I consider too like Wyckoff's schematics and market structure. I use Elliot waves also to guide my direction.

It's supposed to be simple. I hope you find what works for you too.

Cheers!

Please sir... do you make losses..
By using order block.... strategy

charly20:
Enjoy boss, my turn never reach

LOL that one no be forex money oh. Forex go pay last last.
And yes, your turn go reach, Amen.

Still on the process.

MONEY247:
Please sir... do you make losses..
By using order block.... strategy

Last 5 weeks. See my loss. 55% win rate hoping to get better.

Everyone makes losses in the market.

MONEY247:
Please sir... do you make losses..
By using order block.... strategy

Nothing is "loss-proof". Psychology is the real deal.

I could be trading S/R and still be profitable. I could be trading with indicators and still be profitable. I could trade only market structures and still be profitable.

Just know how to manage losses and the right psychology to the business.
I wish I have attained the level to be addressed as "sir" but I'm far from it. I'm just charly20.


Attached is my trading history since about one month ago. It was a red month!

Hey guys, follow this person attached on Instagram, he trades only gold. Very big trader, experienced and knowledgeable in the game. He rarely posts profit these days but he posts some good knowledge and advice. I watch his profile updates everyday. So much wisdom.

Also read natruetalk (Nairalander) post, see him on my following, go back to his posts years ago, look at his chats and the time he takes gold trades. So much knowledge there.

Got to find out that the two traders trade same style like I do and I have learnt a lot from them. Keep learning.

Happy weekend

Forexislife:
Hey guys, follow this person attached on Instagram, he trades only gold. Very big trader, experienced and knowledgeable in the game. He rarely posts profit these days but he posts some good knowledge and advice. I watch his profile updates everyday. So much wisdom.

Also read natruetalk (Nairalander) post, see him on my following, go back to his posts years ago, look at his chats and the time he takes gold trades. So much knowledge there.

Got to find out that the two traders trade same style like I do and I have learnt a lot from them. Keep learning.

Happy weekend

exactly! There is absolutely no point chasing all the pairs. Is like trying to eat all the food in a restaurant menu including the food one is allergic to such as diary product and sea food in one fell swoop.

VeeVeeMyLuv:
exactly! There is absolutely no point chasing all the pairs. Is like trying to eat all the food in a restaurant menu including the food one is allergic to such as diary product and sea food.

Some people can trade 50 pairs and be profitable. I know someone who does it easy. Check out Momoforex on Instagram, he does it.

However, it depends on individual, I tried to do that earlier this year but it didn't work, too tasking and given my busy schedule (9-5), I decided to stick to just gold and that has been fair.

So it depends on the individual.

Forexislife:
Some people can trade 50 pairs and be profitable. I know someone who does it easy. Check out Momoforex on Instagram, he does it.

However, it depends on individual, I tried to do that earlier this year but it didn't work, too tasking and given my busy schedule (9-5), I decided to stick to just gold and that has been fair.

So it depends on the individual.

Sometimes I imagine how they do it TBH. If a setup appears in say about 70% of the trading pairs and knowing that no setup is loss-proof, I fear trading all those setups may have a heavy impact on the capital with regards to MM if it goes south.

I learned from someone with about three decades experience in trading that "you have to be a specialist" to succeed in the long term.

Trading a lot of pairs may be fun to some but I fear they may hardly ever understand the " inner dynamics" of a single pair in order to understand why they lose some trades.

It depends on the trader and what they find profitable.

Some people trade many pairs and are very profitable.

Some other people trade one or two pairs and are also very profitable.

I'll personally stick with few pairs.

2-3 pairs. Maximum 5.

What mastery in this business those is that at a point, even with few pips in a month, you'll make huge and scary returns.

So keep learning and grinding.

A huge sell-off on Gold, GJ, and GU coming. Don't miss it.

CopyJoe:
What mastery in this business those is that at a point, even with few pips in a month, you'll make huge and scary returns.

So keep learning and grinding.

A huge sell-off on Gold, GJ, and GU coming. Don't miss it.

Another reason I removed AU and EU is because they are less volatile when compared to GU and GJ.

Looks to me like gold wants to take out the recent DCL first before a pullback. I will be monitoring the chart for a rejecting candle if price gets to the resistance zone and declining trendline to open a sell and ride the journey below.

charly20:
Sometimes I imagine how they do it TBH. If a setup appears in say about 70% of the trading pairs and knowing that no setup is loss-proof, I fear trading all those setups may have a heavy impact on the capital with regards to MM if it goes south.

I learned from someone with about three decades experience in trading that "you have to be a specialist" to succeed in the long term.

Trading a lot of pairs may be fun to some but I fear they may hardly ever understand the " inner dynamics" of a single pair in order to understand why they lose some trades.

True you are right, but a few people do it. I made mention of someone on Instagram. Check him out.

XAUTrader4L:
Looks to me like gold wants to take out the recent DCL first before a pullback. I will be monitoring the chart for a rejecting candle if price gets to the resistance zone and declining trendline to open a sell and ride the journey below.

Apt. I'm watching for a pull back before a further fall. Last weekly candle closed as a bearish engulfing candle.

I just wants to have a wealth of knowledge in this field so I can have plethora of choices. I don’t want to get stuck when I see a certain structure or market.

charly20:
To each his own style of trading.
I trade order blocks which I learned from ICT but I have other factors I consider too like Wyckoff's schematics and market structure. I use Elliot waves also to guide my direction.

It's supposed to be simple. I hope you find what works for you too.

Cheers!

abham:
I just wants to have a wealth of knowledge in this field so I can have plethora of choices. I don’t want to get stuck when I see a certain structure or market.

Its nice sha but remember say "over-spicing dey spoil food"

charly20:
Nothing is "loss-proof". Psychology is the real deal.

I could be trading S/R and still be profitable. I could be trading with indicators and still be profitable. I could trade only market structures and still be profitable.

Just know how to manage losses and the right psychology to the business.
I wish I have attained the level to be addressed as "sir" but I'm far from it. I'm just charly20.


Attached is my trading history since about one month ago. It was a red month!

Wow.

Do you trade Cryptos too?

I can provide you with an AI Trading platform that helps you trade to earn MASSIVE and PASSIVE income as it trades "The Grid System".

I'll also provide you with a YouTube video and a Free e-book which I personally wrote and documented about Understanding and Trading " The Grid System" which I consider The Easiest and Ultimate System to trade Any Financial Markets.


Let me know if you are interested by reaching me via WhatsApp through my phone number below on my bio.

AfroAgroPower:
Wow.

Do you trade Cryptos too?

I can provide you with an AI Trading platform that helps you trade to earn MASSIVE and PASSIVE income as it trades "The Grid System".

I'll also provide you with a YouTube video and a Free e-book which I personally wrote and documented about Understanding and Trading " The Grid System" which I consider The Easiest and Ultimate System to trade Any Financial Markets.


Let me know if you are interested by reaching me via WhatsApp through my phone number below on my bio.

Thank you for the interest to help out but I don't trade cryptos (at least at the moment). Trading cryptos will require the same knowledge from forex, yes? If so, I think my mastery of forex trading will give me the confidence to trade cryptos too.

It's one at a time for me.
Cheers!

charly20:
Thank you for the interest to help out but I don't trade cryptos (at least at the moment). Trading cryptos will require the same knowledge from forex, yes? If so, I think my mastery of forex trading will give me the confidence to trade cryptos too.

It's one at a time for me.
Cheers!

Great.

Step by Step.

Slow and Steady wins the race.

AfroAgroPower:
Wow.

Do you trade Cryptos too?

I can provide you with an AI Trading platform that helps you trade to earn MASSIVE and PASSIVE income as it trades "The Grid System".

I'll also provide you with a YouTube video and a Free e-book which I personally wrote and documented about Understanding and Trading " The Grid System" which I consider The Easiest and Ultimate System to trade Any Financial Markets.

.

I believe there's a crypto thread as well, you could do you hustling over there

Not in this case, if I pick pairs I’ll be good at like LTC for instance now I trade it a lot and the profit is reasonable. I just hope with all these knowledge I can apply it when trading the LTC pair.

charly20:
Its nice sha but remember say "over-spicing dey spoil food"

I miss the interaction here.

Why has the place suddenly gone cold?

charly20:
I miss the interaction here.

Why has the place suddenly gone cold?

Lol

It's weekend na.

Forexislife:
Lol

It's weekend na.

It's been like that all week. Just a few of us now.


It's making me feel like I spend too much time here now

Trading many pairs depends on ur strategy and and your psychology as a trader to accommodate these pairs.

Some strategies align with specific pairs while others do not.

Also, some traders have the mental capacity and psychology to trade many pairs while others might get overwhelmed by too many pairs.


It all boils down to what works for you and what you can deal with.

Nice thread... following

This week, will be looking for opportunity to buy;
EurUsd around 1.1785
AudUsd around 0.7320
EurJpy around 129.70

Plan may change depending on price action, fingers crossed