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Forex Trade Alerts: Season 21 - Business (406) - Nairaland

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Re: Forex Trade Alerts: Season 21 by holuwajobar(m): 12:13am On Dec 09, 2021
Gozzylala:


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


Thanks for your response..... I really appreciate it
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 12:13am On Dec 09, 2021
femora007:
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.

You don't close trade at the sight of big profit?
When do you close trade then?

I understand what you are saying,
You can be in floating profit of 5% and then it returns back to BE but then it counts as - 5% DD.

What you are saying is just theory,
There's no way you can have 5% DD in day, if you ain't doing something funny,
Like how can you have a 5% DD in a day, like how.?.?
I understand in swing there can be retractments,
But you see, your issue lies on greed,
You want to use one trade to get 100% in 3 weeks
Please study your trades more.

If you are profitable, this risk management is not an issue at all.

Adjusting your risk isn't a big deal at all, unless say you wan dey gamble.
If you already make 5% in floating, and you want more, then you are just plain greedy.
If it goes back to BE, then you shouldn't be trading prop.

It's just common sense to adjust your SL to your current floating risk.
I don't have to tell you this if you already know what you are doing or an actual swing trader
Re: Forex Trade Alerts: Season 21 by Nobody: 1:11am On Dec 09, 2021
Y’all are just overcomplicating this MyForexFunds Daily drawdown Rule....
Re: Forex Trade Alerts: Season 21 by Piptocoin: 3:31am On Dec 09, 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.

this is very funny...there are so many trade techniques that have nothing to do with hikake, inside or outside bar, hammer, hanging man, three white soldiers, three black crows, abandoned baby, etc etc.

one of such systems that has absolutely nothing to do with candlesticks patterns is currency strength meter trading. all the trader is looking for is for one currency to show strength or weakness above or below all others then the person immediately enters the trade in that direction because strength and weakness are best used immediately they appear and they expire in very few bars no matter the timeframe being used (sometimes three bars or 4 or 5). there are currency strength traders that trade only one bar after strength or weakness has appeared and it has aligned with other indicators...waiting for a candlestick pattern means you have already missed the train...

others are orderflow trading, volume spread analysis, auction market trading, etc etc

2 Likes

Re: Forex Trade Alerts: Season 21 by Piptocoin: 3:44am On Dec 09, 2021
Donvic4u:


So what do you look out for before ENTERING atrade?

I use volume to know when to enter a trade, not candlesticks like the ones I mentioned above.
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 4:01am On Dec 09, 2021
Piptocoin:


I use volume to know when to enter a trade, not candlesticks like the ones I mentioned above.

Ok....more blue pips
Re: Forex Trade Alerts: Season 21 by Incips: 4:40am On Dec 09, 2021
ekesoft:
https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1409 (SMC-Live)


https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1397&rx=1628683170310 (Sweet Motivation (Demo Accounts)

CC: Feshizzy, Gabsonfx, MONEY247, Kaesyrn, KingPipmarshall, CopyJoe, charly20, Forexislife, Ogashman

This is it house!!!




You all are welcome .

List of few trusted brokers
1: pepperstone
2: hotforex
3: fxcm
4: hantec

Places to get quality forex knowledge from
1: https://babypips.com
2: https://youtube.com/channel/UCtEOHhuzH6M8FULfjBgOFCQ
3: https://youtube.com/user/PureFinancialAcademy

That’s the very few I know of . On your course of the forex journey you’d later find more topics and brokers that would suit your personality better .
Thanks once again
Thanks for providing such a great list of trusted brokers.

3 Likes

Re: Forex Trade Alerts: Season 21 by Akwamkpuruamu: 6:59am On Dec 09, 2021
GBPAUD SELL @1.8404

SL 1.8440
Tp 1 1.8380
Tp 2 1.8360
Re: Forex Trade Alerts: Season 21 by boom99(m): 7:03am On Dec 09, 2021
Still test running audUSD. Selling it.

If it sells, it's gonna be at least 10pips

2 Likes

Re: Forex Trade Alerts: Season 21 by zonall(m): 7:30am On Dec 09, 2021
zonall:


...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.

SELL @ 1787.6
Retracement to Bullish Entry {H4}
SL: 1789
TP: 1781
RR- 1: 4.7

4 Likes 1 Share

Re: Forex Trade Alerts: Season 21 by boom99(m): 8:01am On Dec 09, 2021
boom99:
Still test running audUSD. Selling it.

If it sells, it's gonna be at least 10pips

It's in profit. The draw down was Les than 20pips. If it was more, I will take the trade as a loss
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 8:19am On Dec 09, 2021
boom99:


It's in profit. The draw down was Les than 20pips. If it was more, I will take the trade as a loss

You'll take it as a loss?
That is u don't trade with a stop loss?

2 Likes

Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 8:24am On Dec 09, 2021
Long Ucad 2657 SL 2600 TP 2820

3 Likes

Re: Forex Trade Alerts: Season 21 by boom99(m): 8:29am On Dec 09, 2021
Donvic4u:


You'll take it as a loss?
That is u don't trade with a stop loss?


Yes sir. I close manually. As a scalper, most times before one input the TP or stoploss E done enter profit already. I understand where you are going. I will try to input stoploss quickly if time dey to do so. We still dey test the waters
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 8:46am On Dec 09, 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.
You have every right to laugh sir, but to be honest every trader to his strategy.. Someone like me my view of the market is just simple wait till you get what you want.. I trade s/r, fib, divergence and a few patterns(HNS, d.top/bottom, etc) for candles I barely have idea and meaning of candles..
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 8:49am On Dec 09, 2021
Feshizzy:


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

God bless you.. And one of the problem i still have with myself is psychology and emotions.. I can be in profit today but tomorrow I will be in losses.. I'm still trying to build on that.
Modified

2 Likes 1 Share

Re: Forex Trade Alerts: Season 21 by Nobody: 9:09am On Dec 09, 2021
haryodehjia:


God bless you.. And one of the problem i still have with myself is psychology and emotions.. I can be in profit today but tomorrow I will be in losses.. I'm still trying to build on that.
Modified
so far your strategy is profitable based on either backtesting or forward testing then having little losses shouldn’t get to you because you’ll make it back ,with proper risk management
Re: Forex Trade Alerts: Season 21 by jammer777: 9:13am On Dec 09, 2021
jammer777:
I’ll looK for potent sell patterns inside the Harry Potter’s box. Hope it works.

Missed the upper box by some pips, hopefully the lower box gets filled and buyers come in.

Re: Forex Trade Alerts: Season 21 by Gozzylala(m): 9:51am On Dec 09, 2021
haryodehjia:


God bless you.. And one of the problem i still have with myself is psychology and emotions.. I can be in profit today but tomorrow I will be in losses.. I'm still trying to build on that.
Modified


If you haven't read trading in the zone, please do. It'll help with your psychology and trading mindset.

1 Like

Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 10:05am On Dec 09, 2021
GreatestManEver:
so far your strategy is profitable based on either backtesting or forward testing then having little losses shouldn’t get to you because you’ll make it back ,with proper risk management

Okay thanks sir
Re: Forex Trade Alerts: Season 21 by charly20(m): 10:15am On Dec 09, 2021
Elliotwaveforec:
Long Ucad 2657 SL 2600 TP 2820


I was waiting at 2630 . E be like the train don leave me already.
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 11:24am On Dec 09, 2021
charly20:



I was waiting at 2630 . E be like the train don leave me already.
Never too late, join the train.
Re: Forex Trade Alerts: Season 21 by zonall(m): 11:26am On Dec 09, 2021
zonall:


SELL @ 1787.6
Retracement to Bullish Entry {H4}
SL: 1789
TP: 1781
RR- 1: 4.7

...either it may have started at 1787.51 {less than a pip short of my anticipated entry} and is headed to TP ... cry
...or a ping-pong PA will occur before close of the next H4 candle... smiley
Re: Forex Trade Alerts: Season 21 by charly20(m): 11:37am On Dec 09, 2021
Elliotwaveforec:

Never too late, join the train.


FOMO? Nah... Not my style.
I'm not afraid of the train leaving. Another train will pull up for next passengers grin

5 Likes 2 Shares

Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 11:43am On Dec 09, 2021
charly20:



FOMO? Nah... Not my style.
I'm not afraid of the train leaving. Another train will pull up for next passengers grin
I don forget say you no be Jackie Chan
Re: Forex Trade Alerts: Season 21 by kumulus(m): 11:58am On Dec 09, 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.


LTF bms+rto/ sms+rtb_rto inside HTF POIs
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 12:00pm On Dec 09, 2021
Short NU 6800 SL 6827
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 12:06pm On Dec 09, 2021
kumulus:



LTF bms+rto/ sms+rtb_rto inside HTF POIs

Lol...keep it simple...

After all these u want to tell me you buy a bearish red candle abi...
U guys can form wetin no necessary sha
Re: Forex Trade Alerts: Season 21 by kumulus(m): 12:13pm On Dec 09, 2021
Something worth sharing, gold structure shifted to bullish a while back and I'm anticipating this current support level should hold just fine. Priced in some buy position and looking to add one more around 1778-1776 and ride it till 1950. Would be nice if this pans out so cheesy
Re: Forex Trade Alerts: Season 21 by kumulus(m): 12:14pm On Dec 09, 2021
Donvic4u:


Lol...keep it simple...

After all these u want to tell me you buy a bearish red candle abi...
U guys can form wetin no necessary sha


Oh okay, I should take my leave now...... Y'all have a great time!

Shalom

2 Likes

Re: Forex Trade Alerts: Season 21 by samfelly: 12:31pm On Dec 09, 2021
kumulus:

LTF bms+rto/ sms+rtb_rto inside HTF POIs

Boss, biko, break it down for me, pls. My cup still dey empty. I want to learn what u knw, pls. First of all, kindly explain those terms for me. Thanks
Re: Forex Trade Alerts: Season 21 by samfelly: 12:33pm On Dec 09, 2021
kumulus:

Oh okay, I should take my leave now...... Y'all have a great time!

Shalom

No, not so fast, boss. No mind Donvic4u. Anyways, this is how we throw jabs at each other here. grin

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