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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 21 (322291 Views)
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Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 4:05pm On Dec 07, 2021 |
samfelly: U didn't use proper risk management, else how will one trade blow ur account 2 Likes |
Re: Forex Trade Alerts: Season 21 by Nobody: 4:09pm On Dec 07, 2021 |
Donvic4u:Tooor |
Re: Forex Trade Alerts: Season 21 by infofirst(m): 4:10pm On Dec 07, 2021 |
samfelly: Mff is cheaper. Plus you get unlimited retake. If you are loaded, and funds is not an issue. Yes ftmo. 1 Like |
Re: Forex Trade Alerts: Season 21 by Nobody: 4:10pm On Dec 07, 2021 |
samfelly:Gold is currently testing the 61.8 fib on 2H timeframe....If it’s successful (upside)...If not(downside) 2 Likes |
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 4:39pm On Dec 07, 2021 |
GreatestManEver:Gold sitting on fib61.8 and also a divergence on Dtf.. A go for long 2 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 4:57pm On Dec 07, 2021 |
Please can someone explain what hedging is all about.. Thanks |
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 5:06pm On Dec 07, 2021 |
haryodehjia: Buying and selling the same pair at the same time but at different prices 1 Like |
Re: Forex Trade Alerts: Season 21 by boom99(m): 5:17pm On Dec 07, 2021 |
This pair is about to sell but when is the best time to enter? 2 Likes 1 Share
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Re: Forex Trade Alerts: Season 21 by samfelly: 5:17pm On Dec 07, 2021 |
charly20: One question. What will go wrong if one SELL from 1.28374? I have often wondered to myself; must one ALWAYS waste such many good pips just to enter at a later hour and then the market says, "Nope, you are not the early bird." Can't I enter the market at any entry where the market never comes back to touch (for instant that Doji that formed before the candle that took off from 1.28374), again? Be it SELL or BUY. Just thinking out loud here. |
Re: Forex Trade Alerts: Season 21 by boom99(m): 5:30pm On Dec 07, 2021 |
boom99: Couldn't enter but if anyone entered he should be in profit |
Re: Forex Trade Alerts: Season 21 by charly20(m): 5:32pm On Dec 07, 2021 |
GU was a bad trade today. UCAD? Still watching. Decision to be made at today's close. @samfelly, I'm not one to trade with candlesticks (at any timeframe below daily) so I do not use hourly candle stick formation to make my decision. Personally, I wouldn't short from the price you highlighted because 1. That was accumulation, I don't trade LTF accumulation. 2. I already had a point of interest. Patience and discipline demand that I wait for it. It all boils down to your style. 1 Like |
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 5:42pm On Dec 07, 2021 |
Donvic4u:Thanks sir 2 Likes |
Re: Forex Trade Alerts: Season 21 by Nobody: 5:56pm On Dec 07, 2021 |
haryodehjia:sharp but I don’t trade divergence jare,I don’t really believe in it. Price action ,structure and fib |
Re: Forex Trade Alerts: Season 21 by CopyJoe: 5:57pm On Dec 07, 2021 |
Re-entered GJ. 2 Likes
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Re: Forex Trade Alerts: Season 21 by CopyJoe: 5:59pm On Dec 07, 2021 |
infofirst: Exactly. My target next year is MFF. Then I can switch to FTMO. I'm practicing with FTMO. Since the criteria for their free trial will give me an edge to pass that of MFF. 3 Likes |
Re: Forex Trade Alerts: Season 21 by CopyJoe: 6:05pm On Dec 07, 2021 |
samfelly: The reason GabsonFX will never blow his account or have issues that we have now is because he's a Professional Trader. Their strategy is just part of the equation. If you have the privilege to interact with consistently profitable traders, you'll see them preaching about risk management every time. It's key in trading. In my early days on this forum, boss Infofirst and GabsonFX always talked about Risk Management. I didn't know how important it was then. Now, I know. It's about consistency and not being controlled emotionally by the market. You have to control yourself. You are the number one problem you'll have in the market. Selah. P.S. Prop firms are very strict with Risk Management. |
Re: Forex Trade Alerts: Season 21 by CopyJoe: 6:14pm On Dec 07, 2021 |
Capital preservation over profit. Consistent profit is better than one-time profit. |
Re: Forex Trade Alerts: Season 21 by Saskay44: 6:32pm On Dec 07, 2021 |
Gbp aud been nice today...any where it goes aud pairs goes the opposite
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Re: Forex Trade Alerts: Season 21 by samfelly: 7:12pm On Dec 07, 2021 |
Donvic4u: I didn't know there was a news going on and the market was reacting to it. So, I saw a 'supposed' reversal about to form and jumped on it to BUY, but d 'idiot' just continue SELLing. Even b4 I could add SL. And the lesson I learned from that incident is to always note the times news will be happening, each day 1 Like |
Re: Forex Trade Alerts: Season 21 by samfelly: 7:14pm On Dec 07, 2021 |
GreatestManEver: Abeg, a screenshot of the Fib, pls |
Re: Forex Trade Alerts: Season 21 by abham: 7:27pm On Dec 07, 2021 |
. |
Re: Forex Trade Alerts: Season 21 by boom99(m): 8:00pm On Dec 07, 2021 |
abham: Bro. I beg ooo.. Please I want to use this medium to say I'm sorry for those that I declined their PM or DM. It's because I never really perfect. I still dey test run. Most of my trades i call are here, I make sure I am 99% sure before I do , that's why they end In profit. But the pairs I am still test running I don't call them here, make mockers no finish me. I am a demo trader for now. Please contact the big guys here, I know they will assist you. I promise when I finally get my strategy right I will be of assistance to many. 2 Likes |
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 8:06pm On Dec 07, 2021 |
abham:You never ready to trade Forex; you no be fan to Oga them with live accounts and consistent profit we all see here. |
Re: Forex Trade Alerts: Season 21 by Nobody: 8:09pm On Dec 07, 2021 |
samfelly: 2 Likes
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Re: Forex Trade Alerts: Season 21 by zonall(m): 8:26pm On Dec 07, 2021 |
haryodehjia: 1791 -1794 looks like a good ceiling to dump XAUUSD till 1764. Close beyond 1794 is strongly indicative of further bullish run to 1806. |
Re: Forex Trade Alerts: Season 21 by samfelly: 9:32pm On Dec 07, 2021 |
. |
Re: Forex Trade Alerts: Season 21 by charly20(m): 9:56pm On Dec 07, 2021 |
I have one little question for some us who may have tried myforexfunds. How does a swing trader manage the drawdown since it is read from whichever is higher(equity or balance)? My question stems from the fact that the market does what it wants and I trade accordingly. This means an open trade may be few percentage into profit and if the market retraces, I stand to lose the evaluation because reading from my equity to the point of retracement, I may go below the stated DD. FTMO no give me that kain headache when I do my free trials last month and I cleared it. It's just because of cost that's why I'm looking at MFF but the condition no dey gree. @GabsonFX, @Donvic4u @any other respectable trader that has tried these firms. Help a lad 2 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by charly20(m): 10:17pm On Dec 07, 2021 |
charly20: It has been decided. I'll be looking for shorting opportunities at 1.2750 price area, target at 1.25.
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Re: Forex Trade Alerts: Season 21 by exmaysn12000: 10:21pm On Dec 07, 2021 |
charly20: Don't risk more than the required daily DD at a time. If all your open trades at a given time is at 3% maximum, I don't see how u will violate 5% daily DD. Either in equity or balance |
Re: Forex Trade Alerts: Season 21 by charly20(m): 10:50pm On Dec 07, 2021 |
exmaysn12000: Here is an idea of what I'm trying to get at; 10k account Open trade : 1% risk target return (based on opportunity presented): 8% First price impulse moves equity from 10k to 10,500 (i.e 5% gain), Market makes a retracement for second impulse sending equity from 10,500 to 10,000 (I.e 5% DD) Account lost This is what I mean. I'm trying to understand if that is how the system works so I may plan accordingly if I'm to consider the option |
Re: Forex Trade Alerts: Season 21 by cdec01: 11:41pm On Dec 07, 2021 |
exmaysn12000: This is not always the case. You can still hit maximum daily DD. From your example, if my RR is 1:2, and the combination of my trades are 5.5% up. If the trades go back to break even or even a little above break even, you could lose the account. |
Re: Forex Trade Alerts: Season 21 by ogashman(m): 11:48pm On Dec 07, 2021 |
Eurusd Looking for sells at 1.129... Modified: this didn't play out as predicted. Overall, I'm still looking for sells
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