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Forex Trade Alerts: Season 23 - Business (352) - Nairaland

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Re: Forex Trade Alerts: Season 23 by Peejayz: 1:52pm On Jun 14, 2023
Greatheight:


Congratulations to your trading success!

I also bought into that ideology big boss, as I think is best for any successful withdrawal should be reinvested into a new prop firm account and also some to meet up with needs and tasks ahead too.

I second you with my shared profit of $403.12 and which was #305,000 plus yesterday. I have bought a 25K account from myfundedfx and believing strongly by God's grace and mercy that I will succeed too for better profitability.

Every trader in Nigeria will laugh and rejoice more this year in trading breakthroughs and unending profits income in Jesus mighty name!

Cheers!
congratulations boss

1 Like

Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 2:00pm On Jun 14, 2023
Kaybee7000:



Boss forget any news except
CPI
FOMC
NFP



then
INTEREST RATE FOR ALL THE CURRENCIES

95% of the time news doesn't do much...

But if the market is in a tight range and news is coming, I stay away from the market

The major problem is the tight range

You can have unpredictable bounces up and down before it settles on an actual direction.

These bounces are not very friendly for day traders who play using 10-20 pips as stop loss.

2 Likes

Re: Forex Trade Alerts: Season 23 by VeeVeeMyLuv(m): 2:16pm On Jun 14, 2023
greatcheer:


Am still a new bie somewhat.
what do u mean by countdown to news release
self taught as well.
learnt a lot on this thread.
infact this the first time am passing the first week of forex competitions?
Anyways thanks
Don't worry I will screen shot it to show you in the next news release by 3:00

2 Likes

Re: Forex Trade Alerts: Season 23 by VeeVeeMyLuv(m): 2:18pm On Jun 14, 2023
Greatheight:


Congratulations to your trading success!

I also bought into that ideology big boss, as I think is best for any successful withdrawal should be reinvested into a new prop firm account and also some to meet up with needs and tasks ahead too.

I second you with my shared profit of $403.12 and which was #305,000 plus yesterday. I have bought a 25K account from myfundedfx and believing strongly by God's grace and mercy that I will succeed too for better profitability.

Every trader in Nigeria will laugh and rejoice more this year in trading breakthroughs and unending profits income in Jesus mighty name!

Cheers!
Congratulations
I key into your achievements

1 Like

Re: Forex Trade Alerts: Season 23 by chim14(m): 2:22pm On Jun 14, 2023
samfelly:


FundedNext remains unbeatable, right now. Chim14, do not overlook this one o. Get registered this minute, please

https://become.fundednext.com/dashboard/competition



Ok o, make I go look dem

1 Like

Re: Forex Trade Alerts: Season 23 by XAUTrader4L2: 2:23pm On Jun 14, 2023
93% chance of a rate pause today by the Fed. Powell should signal whether we would have one last rate hike or not during the press conference but generally we are seeing the end of the rate hike cycle. The question now is how long will rates pause before the first rate cut? Stay tuned.

1 Like

Re: Forex Trade Alerts: Season 23 by chim14(m): 2:23pm On Jun 14, 2023
Those that followed my analysis on AUD/USD earlier, congrats We are past 0.6800.... The rest other know know traders, una weldone o

1 Like

Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 2:24pm On Jun 14, 2023
Geovanni412:


95% of the time news doesn't do much...

But if the market is in a tight range and news is coming, I stay away from the market

The major problem is the tight range

You can have unpredictable bounces up and down before it settles on an actual direction.

These bounces are not very friendly for day traders who play using 10-20 pips as stop loss.




If you just started trading, you might be wondering what is a tight range and how to find one.

Range on the market that lasts anywhere from 2-10 hrs and the high and low is usually less than 20-30 pips.

How to find it?

If the market moves high from a major support area or drops from a major resistance area, the market will form a tight range on the chart at approximately 2 atr on 1hr chart.

Sometimes, it can happen at 1 atr on 1h chart but the most dangerous one is the one that occurs at 2 atr on 1h chart

Unless you are a trading god, just stay away from such a situation. Your tears will be delicious to the market

2 Likes

Re: Forex Trade Alerts: Season 23 by chim14(m): 2:34pm On Jun 14, 2023
We are nw at 0.6856 on AUDUSD, close partial profit here & leave rest to run. Trail ur stop if u most

1 Like

Re: Forex Trade Alerts: Season 23 by brabie: 2:34pm On Jun 14, 2023
Hello everyone and good day to you all.
I would love to also start trading the prop firm, been trying to save up for it but it hasn't been easy, pls is there a challenge I can trade and make profits from so I can purchase a propfirm.
Don't have capital for it.
Pls anyone here who can help a brother out with $50 so I can trade it up carefully and purchase a prop firm pls Guys

Below is my number
09153133572 both call and WhatsApp
I stay in akwa ibom state, Uyo
Pls kindly reach out pls my life depends on this
Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 2:35pm On Jun 14, 2023
Geovanni412:


If you just started trading, you might be wondering what is a tight range and how to find one.

Range on the market that lasts anywhere from 2-10 hrs and the high and low is usually less than 20-30 pips.

How to find it?

If the market moves high from a major support area or drops from a major resistance area, the market will form a tight range on the chart at approximately 2 atr on 1hr chart.

Sometimes, it can happen at 1 atr on 1h chart but the most dangerous one is the one that occurs at 2 atr on 1h chart

Unless you are a trading god, just stay away from such a situation. Your tears will be delicious to the market



An example:

Notice how the market in the picture reacts at 2atr mark

Atr on eurusd on this day was around 12 pips

At around 30 pips since the rise began, it looked like sellers would sweep in to reverse the movement but it was all a fraud.

If you notice sth like this and dxy looks weird to you, do yourself a favour and sit out the movement.

He who fights and runs lives to fight another day.

1 Like

Re: Forex Trade Alerts: Season 23 by chim14(m): 2:40pm On Jun 14, 2023
Next target for AUDUSD will be 0.69000 once we break this high...

Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 2:42pm On Jun 14, 2023
brabie:
Hello everyone and good day to you all.
I would love to also start trading the prop firm, been trying to save up for it but it hasn't been easy, pls is there a challenge I can trade and make profits from so I can purchase a propfirm.
Don't have capital for it.
Pls anyone here who can help a brother out with $50 so I can trade it up carefully and purchase a prop firm pls Guys

Below is my number
09153133572 both call and WhatsApp
I stay in akwa ibom state, Uyo
Thanks man

Prop firm is the equivalent of trading with 10 percent of your capital as risk

If you start with a prop firm, their drawdown is 5-10 percent and profit is 10-20 percent

That means with a risk of 1 percent, you cannot have more than 5-10 consecutive losses and you lose all the money you invested

Since you don't have prop firm money, take the money you have...find a broker who will give you a cent acct in naira or dollars for you to use such as fxtm

Risk 10 percent of that capital and try and withdraw every day till you hit your capital target.

If you find it difficult hitting that target, then you probably were not ready for the prop firm in the first place.

4 Likes

Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 2:43pm On Jun 14, 2023
chim14:
Next target for AUDUSD will be 0.69000 once we break this high...

Where is your friend that was calling short on audusd and eurusd pairs with swing trading again?

Where u send am go... shocked
Re: Forex Trade Alerts: Season 23 by chim14(m): 2:44pm On Jun 14, 2023
Geovanni412:


Where is your friend that was calling short on audusd and eurusd pairs with swing trading again?

Where u send am go... shocked

grin grin grin grin No mind am.. I told u guys I shoot without missing.....👌

2 Likes

Re: Forex Trade Alerts: Season 23 by Proudpolygamist: 2:44pm On Jun 14, 2023
greatcheer:
Any one using a trade copier here ? and recommendations?
switching from one account to the other is exhausting.
FX blue has a trade copy app for Mt4 and Mt5 but the cocoa is whether one can use different lot sizes when placing a trade considering that you'll be trading with different account balances.

1 Like

Re: Forex Trade Alerts: Season 23 by chim14(m): 2:49pm On Jun 14, 2023
When ur weekly and monthly chart stoch & rsi are lifting their hands to heaven worshiping God, no waste ur time shorting, except na quick scalp on retracements

Re: Forex Trade Alerts: Season 23 by samfelly: 2:49pm On Jun 14, 2023
sirmike123:

Have you tried both before arriving at this conclusion?

Ah, see question wey you go dey ask one of our fx veteran grin cheesy

1 Like

Re: Forex Trade Alerts: Season 23 by clems88(m): 2:51pm On Jun 14, 2023
Closed my gold positon with 30 pips blue after running around about -400 pips since yesterday.
Mehn the heat no be here . Coulndt sleep last night. grin

3 Likes

Re: Forex Trade Alerts: Season 23 by chim14(m): 2:52pm On Jun 14, 2023
clems88:
Closed my gold positon with 30 pips blue after running around about -400 pips since yesterday.
Mehn the heat no be here . Coulndt sleep last night. grin
Cool

1 Like

Re: Forex Trade Alerts: Season 23 by Lanshile(m): 2:58pm On Jun 14, 2023
chim14:
Next target for AUDUSD will be 0.69000 once we break this high...
Im going against u bro
Short instead

Re: Forex Trade Alerts: Season 23 by chim14(m): 3:10pm On Jun 14, 2023
Omo just prepare sha, you dont know short traders are crying on investing.com
Re: Forex Trade Alerts: Season 23 by chim14(m): 3:11pm On Jun 14, 2023
Lanshile:

Im going against u bro
Short instead

Omo just prepare sha, you dont know short traders are crying on investing.com
Re: Forex Trade Alerts: Season 23 by chim14(m): 3:14pm On Jun 14, 2023
Lanshile:

Im going against u bro
Short instead

Na jst to use 100 million open one wicked buy position & short squeeze, u go just cry grin grin
Re: Forex Trade Alerts: Season 23 by chim14(m): 3:18pm On Jun 14, 2023
chim14:
Next target for AUDUSD will be 0.69000 once we break this high...

We just broke the high....👍 Market moves like an earth worm so expect sum pullbacks jst in case. Eyes set to 0.69000
Re: Forex Trade Alerts: Season 23 by Lanshile(m): 3:20pm On Jun 14, 2023
chim14:


Na jst to use 100 million open one wicked buy position & short squeeze, u go just cry grin grin
U are right

1 Like

Re: Forex Trade Alerts: Season 23 by nzechu(m): 3:25pm On Jun 14, 2023
according to the rules, I failed the drawdown rules but then I said heck it, let me see howfar I can go. what's remaining is to learn stop loss management.

I will get there. just need some finishing touches here and there and some sprinkle of luck

5 Likes

Re: Forex Trade Alerts: Season 23 by VeeVeeMyLuv(m): 3:26pm On Jun 14, 2023
greatcheer:


Am still a new bie somewhat.
what do u mean by countdown to news release
self taught as well.
learnt a lot on this thread.
infact this the first time am passing the first week of forex competitions?
Anyways thanks
Here is it

Re: Forex Trade Alerts: Season 23 by infofirst(m): 3:28pm On Jun 14, 2023
greatcheer:
Any one using a trade copier here ? and recommendations?
switching from one account to the other is exhausting.

I used socialtradertools.com before but now use tradersconnect.com.
Both are great but the later pricing is better per acct @$10 a month

There is one that's free but it comes with some limitations.

4 Likes

Re: Forex Trade Alerts: Season 23 by brabie: 3:37pm On Jun 14, 2023
Geovanni412:


Prop firm is the equivalent of trading with 10 percent of your capital as risk

If you start with a prop firm, their drawdown is 5-10 percent and profit is 10-20 percent

That means with a risk of 1 percent, you cannot have more than 5-10 consecutive losses and you lose all the money you invested

Since you don't have prop firm money, take the money you have...find a broker who will give you a cent acct in naira or dollars for you to use such as fxtm

Risk 10 percent of that capital and try and withdraw every day till you hit your capital target.

If you find it difficult hitting that target, then you probably were not ready for the prop firm in the first place.
I understand how prop firm works sir the daily and overall drawdown and everything, I just need a little capital to trade up and buy a prop firm that's why am asking for $50 that's (37k) to fund my account and trade. I know how to trade sir and I know I can do it, prop firm is the only way I can be a successful and profitable trader sir.
All I need is $50 sir Pls
Re: Forex Trade Alerts: Season 23 by Lanshile(m): 3:51pm On Jun 14, 2023
Trading can be really frustrating
I will be losing another mff account tomorrow
I only needed 70 pips to pass it with 1 lot and less than 5 pips drawdown when the limit order is activated
My plan was to catch a minimum of 35 pips today and 35 pips tomorrow with 1 lot but when the trade came I wasn't able to catch it due to spread
The account was at 4711 which means I must not have a drawdown of 10 pips with the lot size but spread did not allow me to enter
It would have been the game changer if the reverse was the case
It painful but I will still try again
This is my second account that I've lost and trying to trade fundamental news made me lose the 2
I had to wait till after the news to analyse it and pick entry but no probs
I will try again

9 Likes

Re: Forex Trade Alerts: Season 23 by rainlover(m): 3:52pm On Jun 14, 2023
brabie:
Hello everyone and good day to you all.
I would love to also start trading the prop firm, been trying to save up for it but it hasn't been easy, pls is there a challenge I can trade and make profits from so I can purchase a propfirm.
Don't have capital for it.
Pls anyone here who can help a brother out with $50 so I can trade it up carefully and purchase a prop firm pls Guys

Below is my number
09153133572 both call and WhatsApp
I stay in akwa ibom state, Uyo
Pls kindly reach out pls my life depends on this

Meshpips wouldn't let us rest. How many moniker only u get?

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