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Forex Trade Alerts: Season 21 - Business (405) - Nairaland

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Re: Forex Trade Alerts: Season 21 by samfelly: 2:22pm On Dec 08, 2021
zonall:

...Bro, I don't use candlestick patterns oooh, I work with and now, prefer zones, especially, Swap Zones, also with an innovative use of Fractals for confluence.

...using only candlestick patterns might not be consistent in giving successful trades, try a confluence of a few strategies, not too many.

Thank Zonall.

But, Haryodehjia, I am not actually referring to tf. It's the Inside Bar that I seek to know how you and any other person tackle it. I only sighted the one forming at M5 on Gold to pass as an example
Re: Forex Trade Alerts: Season 21 by CopyJoe: 2:24pm On Dec 08, 2021
samfelly:
Greatestmanever, Haryodehjia, Charly20 Zonall, Copyjoe, Piptocoin, Donvic4u, Elliotwaveforec and every other persons I couldn't mention, how do you guys trade Inside Bar, pls?

Check M5 on Gold. One forming already.

I no longer trade candlesticks or chart patterns.

2 Likes

Re: Forex Trade Alerts: Season 21 by boom99(m): 2:27pm On Dec 08, 2021
haryodehjia:


Boom99 should be able to help out sir.. He is good with smaller tf


Lol. I no get liver for gold. I no dey near am
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 2:58pm On Dec 08, 2021
samfelly:
Greatestmanever, Haryodehjia, Charly20 Zonall, Copyjoe, Piptocoin, Donvic4u, Elliotwaveforec and every other persons I couldn't mention, how do you guys trade Inside Bar, pls?

Check M5 on Gold. One forming already.

I trade engulfing and pinbar..

But the "textbook" way of trading inside bar is place a sellstop or buystop as d case may be

1 Like

Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 2:58pm On Dec 08, 2021
CopyJoe:


I no longer trade candlesticks or chart patterns.

What do you trade??

1 Like

Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 3:26pm On Dec 08, 2021
Short EU 1306 SL 1330

Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 3:57pm On Dec 08, 2021
Elliotwaveforec:

Close and short gold SL 1796
Closed

Re: Forex Trade Alerts: Season 21 by boom99(m): 3:57pm On Dec 08, 2021
Done for today. The market was good to us today.

5 Likes

Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 4:37pm On Dec 08, 2021
Elliotwaveforec:
Short EU 1306 SL 1330
SL hit
Re: Forex Trade Alerts: Season 21 by zonall(m): 4:52pm On Dec 08, 2021
zonall:
SELL @ 1791
Retest of D1 Swap Zone
SL: 1794
TP: 1777
RR- 1:4.6

...partial profits may be taken at 90 pips {CMP-1782}
...anticipate ranging, then, possible pullback, not beyond 1788.7 {likely beyond 1785.7} within the current or next H4 candle to re-commence bearish run or continuation of the current bearish run from CMP.

2 Likes

Re: Forex Trade Alerts: Season 21 by rhynoemmie(m): 4:52pm On Dec 08, 2021
jammer777:
I’ll looK for potent sell patterns inside the Harry Potter’s box. Hope it works.

please what makes up your HP'S Box
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 5:50pm On Dec 08, 2021
samfelly:


Thank Zonall.

But, Haryodehjia, I am not actually referring to tf. It's the Inside Bar that I seek to know how you and any other person tackle it. I only sighted the one forming at M5 on Gold to pass as an example

Tbh sir, I don't really have much idea about most of the candlestick pattern.. And why i redirected you to boom99 is cos he is good when it comes to stf and his view can guide you..
Re: Forex Trade Alerts: Season 21 by Gozzylala(m): 6:15pm On Dec 08, 2021
holuwajobar:
Is there any contest ongoing in this thread ?? I really want to join and try my chances.... I really want to get a funded acct by the beginning of January.... But no money to purchase one...



So please , is there an ongoing contest here in the thread ?

There's currently no ongoing contest. There's one being sponsored by e8 I think,if you scroll back you may see it, don't know if it's still open.
There's another one by global prime broker, don't know if it's still open
You may check them out
Re: Forex Trade Alerts: Season 21 by Gozzylala(m): 6:19pm On Dec 08, 2021
samfelly:
Greatestmanever, Haryodehjia, Charly20 Zonall, Copyjoe, Piptocoin, Donvic4u, Elliotwaveforec and every other persons I couldn't mention, how do you guys trade Inside Bar, pls?

Check M5 on Gold. One forming already.

I trade supply and demand as my strategy, so for me, inside bar is a range on lower time frames, and a range is exchange of transactions. Depending on the level the inside bar was, I also factor liquidity, If the inside bar was swept, I trade from the sweep, if it wasn't I wait for confirmation before trading off it.

3 Likes

Re: Forex Trade Alerts: Season 21 by exmaysn12000: 6:34pm On Dec 08, 2021
cdec01:


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.

If a trader is up by 5.5%, aiming to hit challenge target of 10%, and eventually loss the whole 5.5% back and violating DD rule, then the trader is not a serious person. More like a gambler using huge lot.

2 Likes 1 Share

Re: Forex Trade Alerts: Season 21 by femora007(m): 7:00pm On Dec 08, 2021
Feshizzy:


Just calculate your swing to adjust to the DD
After all you just need atmost 10% to pass a challenge.
If your R:R is 1:1 and set at 5%,
You just need 2 of such trade to pass,
You don't have to set your RR to the 10%
The account ia is always big enough to get minimal DD
No be 100usd account wein you go dey get pressure on top again.

Keep it simple.
Who's talking about 100usd account, prop firm dey give 100usd account?

Imagine opening a swing trade that I will hold for like 3 weeks or more, and price don't move in straight line, by the time reversal set in one maybe violating the dd rule. Dd rule that is based on equity (capital + the floating profit/loss).

2 Likes

Re: Forex Trade Alerts: Season 21 by CopyJoe: 7:15pm On Dec 08, 2021
Donvic4u:


What do you trade??

Smart Money.
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 7:17pm On Dec 08, 2021
CopyJoe:


Smart Money.

More pips
Re: Forex Trade Alerts: Season 21 by charly20(m): 8:05pm On Dec 08, 2021
samfelly:
Greatestmanever, Haryodehjia, Charly20 Zonall, Copyjoe, Piptocoin, Donvic4u, Elliotwaveforec and every other persons I couldn't mention, how do you guys trade Inside Bar, pls?

Check M5 on Gold. One forming already.

I don't. I wait for the next candle before making a decision.

NB: This only happens in HTFs ( daily and higher)
Re: Forex Trade Alerts: Season 21 by zonall(m): 8:23pm On Dec 08, 2021
zonall:


...partial profits may be taken at 90 pips {CMP-1782}
...anticipate ranging, then, possible pullback, not beyond 1788.7 {likely beyond 1785.7} within the current H4 candle to re-commence bearish run or continuation of the current bearish run from CMP.

...only trade direction was invalidated by BOS.

Market structure suggestive of a change from SELL to BUY.

...likely retracement to 1780-1782 before bullish run to at least 1807.

1 Like

Re: Forex Trade Alerts: Season 21 by Piptocoin: 8:26pm On Dec 08, 2021
samfelly:
Greatestmanever, Haryodehjia, Charly20 Zonall, Copyjoe, Piptocoin, Donvic4u, Elliotwaveforec and every other persons I couldn't mention, how do you guys trade Inside Bar, pls?

Check M5 on Gold. One forming already.

Sam, I ditched candlesticks pattern trading a very very long time ago. It was inconsistent for me.

2 Likes

Re: Forex Trade Alerts: Season 21 by lekinz18(m): 8:36pm On Dec 08, 2021
I laugh at u guys denying candlestick patterns...so how do u enter your trade.....what is the confirmation for you to enter a trade.
Re: Forex Trade Alerts: Season 21 by Nobody: 8:39pm On Dec 08, 2021
samfelly:
Greatestmanever, Haryodehjia, Charly20 Zonall, Copyjoe, Piptocoin, Donvic4u, Elliotwaveforec and every other persons I couldn't mention, how do you guys trade Inside Bar, pls?

Check M5 on Gold. One forming already.
M5? Ha I don’t check below M30...I enter most times on 2H

2 Likes

Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 8:44pm On Dec 08, 2021
Piptocoin:


Sam, I ditched candlesticks pattern trading a very very long time ago. It was consistent for me.

So what do you look out for before ENTERING atrade?
Re: Forex Trade Alerts: Season 21 by CopyJoe: 8:46pm On Dec 08, 2021
Donvic4u:


So what do you look out for before ENTERING atrade?

What I meant by I don't trade candlestick patterns is that I don't use shooting star, marabozu, pinbar, doji etc to decide a trade.

2 Likes

Re: Forex Trade Alerts: Season 21 by kendoschurrle(m): 9:36pm On Dec 08, 2021
i dey laugh all dis people wey dey expect direct answer on dis strategy question grin grin

nobody go answer you. na roundabout answer you go get. funny enough na strategy wey dem never use achieve anything dem dey hide pass grin grin

4 Likes 1 Share

Re: Forex Trade Alerts: Season 21 by samfelly: 9:51pm On Dec 08, 2021
Gozzylala:


I trade supply and demand as my strategy, so for me, inside bar is a range on lower time frames, and a range is exchange of transactions. Depending on the level the inside bar was, I also factor liquidity, If the inside bar was swept, I trade from the sweep, if it wasn't I wait for confirmation before trading off it.

All these Sweep, Swept, under the Carpet, Rug, or Mattress just show say I never start Forex journey, at all grin grin grin

Anyways, thank you. I dey google all does revelations you just mentioned here. I appreciate.

1 Like

Re: Forex Trade Alerts: Season 21 by samfelly: 9:58pm On Dec 08, 2021
lekinz18:
I laugh at u guys denying candlestick patterns...so how do u enter your trade.....what is the confirmation for you to enter a trade.

grin grin grin grin the thing just tire me for all of them o. E come be like say no bi the same planet earth we all dey again. Abi, Elon Musk don finally carry Forex Trading enter Mars and I no get the memo?

1 Like

Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 9:58pm On Dec 08, 2021
femora007:

Who's talking about 100usd account, prop firm dey give 100usd account?

Imagine opening a swing trade that I will hold for like 3 weeks or more, and price don't move in straight line, by the time reversal set in one maybe violating the dd rule. Dd rule that is based on equity (capital + the floating profit/loss).

It's simple
Set your overall SL less than 5%
Cherry pick for best setup,
It's not that difficult if you are already a profitable trader.
Swing SL is quite easy to determine
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 10:00pm On Dec 08, 2021
kendoschurrle:
i dey laugh all dis people wey dey expect direct answer on dis strategy question grin grin

nobody go answer you. na roundabout answer you go get. funny enough na strategy wey dem never use achieve anything dem dey hide pass grin grin

Because strategy is not what makes you a profitable trader,
Strategy is just 30%, psychology/experience is 70%,
There are things you just have to experience yourself,

NO SHORTCUT, NO HANDOUTS

6 Likes

Re: Forex Trade Alerts: Season 21 by femora007(m): 10:43pm On Dec 08, 2021
Feshizzy:


It's simple
Set your overall SL less than 5%
Cherry pick for best setup,
It's not that difficult if you are already a profitable trader.
Swing SL is quite easy to determine
seems u don't get it, the way they calculate their own dd. Even if the sl is set at 2% u can still be caught violating the rule by the time ur trade is in huge profit and price retraces because it's not everyone that close trade at the sight of big profit.
Re: Forex Trade Alerts: Season 21 by Gozzylala(m): 11:09pm On Dec 08, 2021
samfelly:


All these Sweep, Swept, under the Carpet, Rug, or Mattress just show say I never start Forex journey, at all grin grin grin

Anyways, thank you. I dey google all does revelations you just mentioned here. I appreciate.


grin
No bro, you old pass me for this game oo
I just picked a strategy I love and stuck with it because I believe that if you keep hitting a tree at a spot, one day e go fall

2 Likes

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