EU update

OfficialP:


Swaps are essentially interest rates for leveraged funds.

Yes cheif.. The question is why is positive sir... Usually swaps are negative

dmahn:


Yes cheif.. The question is why is positive sir... Usually swaps are negative

swap is the interest rate differential

GBP interest rate is greater than jpy interest rate, when you buy Gbpjpy, you will have positive swap, selling will yield negative swap.

similarly, USD interest rate is greater than EUR interest rate, if you buy Eurusd, you will have negative swap and vice versa

GU is so annoying..... Good luck with passing a challenge with GU...

Gold

dmahn:
Positive swap on gbpjpy.. My Ogas pls explain why it's so. I always experience a negative swap.. Is it like gpyjpy always have a positive swap..

LOL...

There's, depending on position. Always check the pair's "properties" to know if it's + or -, for long or short.

I advise everyone to start their analysis from monthly. It's bae.


The desire to make quick money or the focus on money is the primary reason why majority of traders base their trades on lower timeframes.

WAVESANDGOLD:


swap is the interest rate differential

GBP interest rate is greater than jpy interest rate, when you buy Gbpjpy, you will have positive swap, selling will yield negative swap.

similarly, USD interest rate is greater than EUR interest rate, if you buy Eurusd, you will have negative swap and vice versa

Dmahn

OfficialP:
I advise everyone to start their analysis from monthly. It's bae.


The desire to make quick money or the focus on money is the primary reason why majority of traders base their trades on lower timeframes.

If you're in an intraday trader avoid this advise it is going to ruin your business in the long run

Just because it isn't working now doesn't mean it isn't going to work. Trust the process..

saintelvnn:


If you're in an intraday trader avoid this advise it is going to ruin your business in the long run

Just because it isn't working now doesn't mean it isn't going to work. Trust the process..

was about to say the same thing.... How I go dey use monthly TF to judge what is going to happen today... No naaa

The link at the front page has been updated.

Goodluck to us all!

Cc. Samfelly

.

charly20:
The link at the front page has been updated.

Goodluck to us all!

Cc. Samfelly

Pls check the competition rules again, am I missing something

market dey trend like only few days every month but intraday traders go wan dey trade everyday dey expect miracle

you go just dey one spot because you go give back profit from those few good days for the many many bad days

this june, na only like five days market move well well for one side

other days na zig zag

unless you be scalper wey dey find 10 pips, you go dey deceive yourself if you wan trade everyday

OfficialP:
I advise everyone to start their analysis from monthly. It's bae.


The desire to make quick money or the focus on money is the primary reason why majority of traders base their trades on lower timeframes.

bad advice, next time specify swing traders,

I can't swing trade doesn't mean I start giving advice to everyone to avoid it..

swing trading, scalping, intraday trading cannot make anybody successful, all those categories listed have both successful and losing traders

at the end, it is the individual himself who pays the price to be successful...

dmahn:
Positive swap on gbpjpy.. My Ogas pls explain why it's so. I always experience a negative swap.. Is it like gpyjpy always have a positive swap..

so far I do have positive swap when I enter a position before Wednesdays market close and Thursday market close.. That's the little I know

samfelly:


https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1946

Hafa Sammy, I just joined the competition but I saw something like I might be disqualified cos I entered with already passed competition details, I guessed it's the one for June what should I do

nzechu:


witchcraftfx trade review

although this user is happy that the sell is happening as analysed. But with recent information available, this user is now aware that there are powerful buyers in the likes of Dangote waiting at that 23 percent. so this user has decided to thread with caution.

therefore this user will have a keen eye on that 23 percent. at the close of candle if trade retraces back close to the open. that's a buy signal. we will borrow one lot that we are not using, so that that million we are looking for we will get it. goodluck to both players and viewers


same thing obtainable for gbdusd

witchcraftfx

witchcraftfx

this user's fear is actualized. the buyers were waiting for us earlier than expected at 38% instead of 23%.

I no get money I for enter with one lotsize.

Anyways its a Buy Signal.

Entry: Buy at market open next week
SL: Use appropriate stop loss
TP: 423 as always

check out that 685, can the trade get there? time will tell.


forex dikwa risky. trade responsibly

kendoschurrle:
market dey trend like only few days every month but intraday traders go wan dey trade everyday dey expect miracle

you go just dey one spot because you go give back profit from those few good days for the many many bad days

this june, na only like five days market move well well for one side

other days na zig zag

unless you be scalper wey dey find 10 pips, you go dey deceive yourself if you wan trade everyday

I learnt this this month.. smart money don’t trade often they are either net long or short once not clicking random buy and sells all the time

Peejayz:
GU is so annoying..... Good luck with passing a challenge with GU...

Nairaland FTA is my journal I share my experiences in the market as the days move past .. I talked about GU here and how it acts i avoided it like a plague.. my experience shows it’s a pair for market makers..

saintelvnn:
Bless up traders
Spotting no setup on
No withdrawal probably this week, in slight loss, learnt a lot too this week so I'm happy..
EU helped me sha, GU misbehaving..
Maybe I may see setup, if not till Monday.......
We come back stronger. Giving up is an error

Till Monday no setup

OfficialP:


Pls check the competition rules again, am I missing something

Something like what?

I think anything pertaining to the fxblue setup is completely samfelly's side of the work.

My own na to update am for first page.

Samfelly, we need your attention abeg.

dottozil:


Hafa Sammy, I just joined the competition but I saw something like I might be disqualified cos I entered with already passed competition details, I guessed it's the one for June what should I do

Anyone who can help as regards this?

dottozil:


Anyone who can help as regards this?

Stop the sync. Enter the correct logins and save. Then update sync

OfficialP:
stop the sync and enter the details again, selecting mt5 this time


Modified: is fxblue updating now?

I think its updating now with the response it gave me

Obioramichael:
Abeg any competition this new month?

Check this post

samfelly:


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

https://dashboard.thefundedtraderprogram.com/competitions

https://myfundedfx.tech/competitions

https://dashboard.fundedengineer.com/competitions

OfficialP:


Stop the sync. Enter the correct logins and save. Then update sync

Thanks boss, but m seeing there have been 2 failures to login into your account

rhynoemmie:
Eurusd could see a little buy to restest the trendline tho that trendline had already been retested on the h1 but I'm hoping it will retest again on the h4 simply because it's the higher timeframe

This buy is due to dxy probably selling from an fvg zone.

It's going to be a short dump tho so as to create a higher low

The buy wasn't little o...
It was large. It is all about timing.

All these technical analysis and chart patterns really work, if we pay attention. See double bottom and double tops on 1 hour time frame

VeeVeeMyLuv:
All these technical analysis and chart patterns really work, if we pay attention. See double bottom and double tops on 1 hour time frame

Yeah, but not Everytime

Peejayz:


Yeah, but not Everytime

Yea exactly
Not every time

kendoschurrle:
market dey trend like only few days every month but intraday traders go wan dey trade everyday dey expect miracle

you go just dey one spot because you go give back profit from those few good days for the many many bad days

this june, na only like five days market move well well for one side

other days na zig zag

unless you be scalper wey dey find 10 pips, you go dey deceive yourself if you wan trade everyday

...My Oga, if you want to be vawulent, come out plain, the weekend is already here...which of the two traders is it?....

...🏃🏽🏃🏽🏃🏽🏃🏽🏃🏽🏃🏽🏃🏽🏃🏽🏃🏽