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Forex Trade Alerts: Season 23 - Business (558) - Nairaland

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Re: Forex Trade Alerts: Season 23 by infofirst(m): 7:38am On Aug 16, 2023
Geovanni412:


Boss, where u take loss for the matter?

I hope @samfelly will take his time to go over it again. You simply summarized a profitable strategy thats simple and straightforward in my opinion and based on my experience.
Thank you

1 Like 1 Share

Re: Forex Trade Alerts: Season 23 by zedegit: 8:15am On Aug 16, 2023
samfelly:


That maybe true

Think of it this way. You enter a trade in profit which hasn't reached your target and you're forced to close it because of a no news policy.
It will only favour scalpers.

It's unfortunate when you consider that you may even forget due to your busy schedule or network issue only to receive a breach email.

Worst is that they will take every profits you made before it happened even if the news favoured you.

2 Likes

Re: Forex Trade Alerts: Season 23 by zedegit: 8:19am On Aug 16, 2023
Proudpolygamist:


TFT doesn't allow News trading?

PS: News trading is allowed on Royal challenge and Swing challenge LIVE ACCOUNTS

It should be allowed on all accounts. Not selective. It's non negotiable.
Re: Forex Trade Alerts: Season 23 by infofirst(m): 8:39am On Aug 16, 2023
zedegit:


It should be allowed on all accounts. Not selective. It's non negotiable.

Their risk control decisions. It should be respected and thats why they have options. You can always go for the one that suits you. They might review when it's cool with their risk level

1 Like

Re: Forex Trade Alerts: Season 23 by karkinase(m): 9:15am On Aug 16, 2023
With FOMC minutes today.. markets would be mopping up liquidity up and down.. no trades for me today … let me see what FOMC has to offer

1 Like

Re: Forex Trade Alerts: Season 23 by rainlover(m): 9:26am On Aug 16, 2023
Naira should be listed as a c.r.ypto
Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 9:53am On Aug 16, 2023
rainlover:
Naira should be listed as a c.r.ypto

Bro 920 on fxtm. I started buying at 350. If to say my ass no dey lose, I suppose don chop beta profits frm holding usd.

I cannot buy dollars again. 4 nw. Trading on naira account b4 usd loss send me to village.
10usd loss wey b 4k b4 na 9k now
Why emotions no go dey una trading b4

God save Naira.
Re: Forex Trade Alerts: Season 23 by ucheuzor1(m): 9:57am On Aug 16, 2023
Geovanni412:


Use as much free info as you can to know the basics...(LibGen, pimpmytrade .net, google)

Read
Trading in the zone by Mark Douglas
Currency trading for dummies by Brian Dolan
Smart money forex trading methods by Phil Gangluff
Three lines forecasting forex price action by R.Rana

Consult
Babypips.com to understand simple fx terms concerned with risk mgmt and order typez
Forex calculator to understand how much you are risking per trade
Fx price alerts app to save you time

Read the first book from start to finish
Peruse through the second book
Read the third and fourth books, pick out key concepts and start demo trading

After reading through all these books and doing demo trading for at least one week, you can come back and ask for the next thing to do

These books and baby pips will give you a fundamental understanding of how not to blow your acct.


Thanks man. Do you think I can learn with videos?

Because I prefer visual learning to reading. Except the books are concise.
Re: Forex Trade Alerts: Season 23 by samfelly: 9:59am On Aug 16, 2023
infofirst:


I hope @samfelly will take his time to go over it again. You simply summarized a profitable strategy thats simple and straightforward in my opinion and based on my experience.
Thank you

Geovanni412:


Boss, where u take loss for the matter?

Yeah, bosses, I'll go over it, again, with a very clear and open mind, also. Na market dey cause am cheesy

1 Like

Re: Forex Trade Alerts: Season 23 by saintfaculty(m): 10:01am On Aug 16, 2023
SPX PUSHING

Re: Forex Trade Alerts: Season 23 by rainlover(m): 10:02am On Aug 16, 2023
PIPSMARSHALL:


Bro 920 on fxtm. I started buying at 350. If to say my ass no dey lose, I suppose don chop beta profits frm holding usd.

I cannot buy dollars again. 4 nw. Trading on naira account b4 usd loss send me to village.
10usd loss wey b 4k b4 na 9k now
Why emotions no go dey una trading b4

God save Naira.
well, the sad reality is that naira will crash further. It could crash to 2k/$ before the year ends.
Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 10:08am On Aug 16, 2023
ucheuzor1:


Thanks man. Do you think I can learn with videos?

Because I prefer visual learning to reading. Except the books are concise.

Visual learning is you practicing on your acct.

No theory in book or video will teach you more than that.

If you search YouTube, you will see audiobook of trading in the zone. The audiobook alone is 6-7hrs+.

For the rest, you have to read the books

If you want video courses instead, then go to pimpmytrade . net and search for courses, then decide which one will help you based on the content.

Courses there are free but the video size can be anywhere from 4gb-32 gb or more.

No course, book or video will teach you about trading more than you taking trades on your acct and losing or gaining money.
Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 10:11am On Aug 16, 2023
rainlover:
well, the sad reality is that naira will crash further. It could crash to 2k/$ before the year ends.

Either way, it's best to lose in naira presently and try to fund usd account bigger using propfirms.

Ignore if u earn in dollar.
Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 10:11am On Aug 16, 2023
PIPSMARSHALL:


Bro 920 on fxtm. I started buying at 350. If to say my ass no dey lose, I suppose don chop beta profits frm holding usd.

I cannot buy dollars again. 4 nw. Trading on naira account b4 usd loss send me to village.
10usd loss wey b 4k b4 na 9k now
Why emotions no go dey una trading b4

God save Naira.

All the more reason why you should trade on cent acct.

Will your gains in naira be enough to cover for the unparalleled inflation and downward trend of the naira?
Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 10:15am On Aug 16, 2023
Geovanni412:


All the more reason why you should trade on cent acct.

Will your gains in naira be enough to cover for the unparalleled inflation and downward trend of the naira?

Inflation doesn't affect the trader, its d consumer.
Trading in cent because I cannot afford to fund prop challenges again( only if I win competition) nd usd loss is ×920 now. As long as d trader keeps trading, no matter how small.

1 Like 1 Share

Re: Forex Trade Alerts: Season 23 by Edd1e(m): 10:25am On Aug 16, 2023
rainlover:
well, the sad reality is that naira will crash further. It could crash to 2k/$ before the year ends.

Jeez. U wan finish Nigeria patapata. It's real worse as it is already. Forget we earning in hard currencies, this shite is taking too much toll on average Nigerian and hopefully things will be done to avert this already doomed crisis.

1 Like

Re: Forex Trade Alerts: Season 23 by Proudpolygamist: 10:27am On Aug 16, 2023
zedegit:


It should be allowed on all accounts. Not selective. It's non negotiable.

Yeah! It should boss
Re: Forex Trade Alerts: Season 23 by VeeVeeMyLuv(m): 10:39am On Aug 16, 2023
Edd1e:


Jeez. U wan finish Nigeria patapata. It's real worse as it is already. Forget we earning in hard currencies, this shite is taking too much toll on average Nigerian and hopefully things will be done to avert this already doomed crisis.
It will continue certainly, inflation will continue, and earnings will remain the same. they don't give a damn.

Right now It is of the elite, exclusively for the elite and by the elite

1 Like

Re: Forex Trade Alerts: Season 23 by zonall(m): 10:55am On Aug 16, 2023
XAUUSD may have completed its retracement and is posturing for a dump. I have been in since yesterday, so no new positions for me. However, if you wish to enter;

XAUUSD {M15} - SELL LIMIT
E: 1908.3
S: 1911.6
T: 1892.3

Instead, I am maximising the lower margin requirements for NZDUSD with its fresh bearish setup in M15.

NZDUSD {M15} - SELL LIMIT
E: 0.6009
S: 0.6019
T: 0.5929 {1}
T: 0.5859 {2}

Good morning traders. 🥂

1 Like

Re: Forex Trade Alerts: Season 23 by karkinase(m): 11:07am On Aug 16, 2023
GOld update .. I need FOMC to sweep the liquidity @ the support lows for price to reach the supply zone.. fingers wrapped

Re: Forex Trade Alerts: Season 23 by samfelly: 11:11am On Aug 16, 2023
Just 7 dolls left to sweep up phase 1, na now the emotions and tension come dey more heightened. Why e dey bi like dat with all traders across d market?

10 Likes

Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 11:13am On Aug 16, 2023
zonall:
XAUUSD may have completed its retracement and is posturing for a dump. I have been in since yesterday, so no new positions for me. However, if you wish to enter;

XAUUSD {M15} - SELL LIMIT
E: 1908.3
S: 1911.6
T: 1892.3

Instead, I am maximising the lower margin requirements for NZDUSD with its fresh bearish setup in M15.

NZDUSD {M15} - SELL LIMIT
E: 0.6009
S: 0.6019
T: 0.5929 {1}
T: 0.5859 {2}

Good morning traders. 🥂

Chief, this your stop loss on Xau ...

Looks too tight

daily high on Xau is 1911.5

Your trade is suggesting market will breakout without retesting the daily high even though we are at the 5 month low

Think about these things and make ya decision

For me, I think any short from Xau is safer coming in around 1891 after market has broken down to 1876.

I.e Market falls to 1876 then retests 1891 area

If I was trading Xau and looking for a big move of 600 pips, I really wouldn't take any trade unless it gets to 1916 (possible bullish) or 1876 area.

I think it's position will become clearer from Thursday or Friday.
Re: Forex Trade Alerts: Season 23 by EXLOVER(m): 11:21am On Aug 16, 2023
[/b]
EXLOVER:
[b] I WILL POST MY JOURNEY ON DERIV SOON, AFTER I BLEW SEVERAL ACCOUNTS, I WANTED TO GIVE UP, I MANAGED TO DEPOSIT $24 ENDING OF JUNE, NOW IT'S MORE THAN $500 TODAY, I NOTICED IT'S EASIER THAN CURRENCY, I WILL ADD CAPITAL TO MY HOTFX SOON.

SHOUT TO VEE, FOR THE FIRST TIME I FOLLOWED YOUR TRADE ON CRASH 300, MADE $21 BECAUSE I CLOSE THE TRADE EARLY. THANKS


MY NEXT TARGET NOW IS $1K WITH RISK MANAGEMENT AND IF I KILL GRRED I WILL GET THERE SOON





SO I FINALLY ENTER $1k GOD DID

8 Likes 3 Shares

Re: Forex Trade Alerts: Season 23 by zedegit: 11:44am On Aug 16, 2023
infofirst:


Their risk control decisions. It should be respected and thats why they have options. You can always go for the one that suits you. They might review when it's cool with their risk level

They already have their DD to tackle risk if it's that.
Re: Forex Trade Alerts: Season 23 by samfelly: 11:55am On Aug 16, 2023
GabsonFX2:
Gold update!

Gold short trade closed @ 234pips ish.......Finally!!!!

Yippee.

See you all in months time.



Yippee! cheesy. The up and down no bi here. See you when we see you, boss

2 Likes

Re: Forex Trade Alerts: Season 23 by samfelly: 12:00pm On Aug 16, 2023
Geovanni412:


Use as much free info as you can to know the basics...(LibGen, pimpmytrade .net, google)

Read
Trading in the zone by Mark Douglas
Currency trading for dummies by Brian Dolan
Smart money forex trading methods by Phil Gangluff
Three lines forecasting forex price action by R.Rana

Consult
Babypips.com to understand simple fx terms concerned with risk mgmt and order typez
Forex calculator to understand how much you are risking per trade
Fx price alerts app to save you time

Read the first book from start to finish
Peruse through the second book
Read the third and fourth books, pick out key concepts and start demo trading

After reading through all these books and doing demo trading for at least one week, you can come back and ask for the next thing to do

These books and baby pips will give you a fundamental understanding of how not to blow your acct.


Boss, you try. Nothing more, nothing less (for now @Ucheuzor1)

1 Like

Re: Forex Trade Alerts: Season 23 by zonall(m): 12:08pm On Aug 16, 2023
Geovanni412:


Use as much free info as you can to know the basics...(LibGen, pimpmytrade .net, google)

Read
Trading in the zone by Mark Douglas
Currency trading for dummies by Brian Dolan
Smart money forex trading methods by Phil Gangluff
Three lines forecasting forex price action by R.Rana

Consult
Babypips.com to understand simple fx terms concerned with risk mgmt and order typez
Forex calculator to understand how much you are risking per trade
Fx price alerts app to save you time

Read the first book from start to finish
Peruse through the second book
Read the third and fourth books, pick out key concepts and start demo trading

After reading through all these books and doing demo trading for at least one week, you can come back and ask for the next thing to do

These books and baby pips will give you a fundamental understanding of how not to blow your acct.


...spot-on Chief. 🥂
Re: Forex Trade Alerts: Season 23 by zonall(m): 12:12pm On Aug 16, 2023
Geovanni412:


Chief, this your stop loss on Xau ...

Looks too tight

daily high on Xau is 1911.5

Your trade is suggesting market will breakout without retesting the daily high even though we are at the 5 month low

Think about these things and make ya decision

For me, I think any short from Xau is safer coming in around 1891 after market has broken down to 1876.

I.e Market falls to 1876 then retests 1891 area

If I was trading Xau and looking for a big move of 600 pips, I really wouldn't take any trade unless it gets to 1916 (possible bullish) or 1876 area.

I think it's position will become clearer from Thursday or Friday.

At the bolded, exactly my point.
I agree the SL may be tight, reviewing that to 1914 just in case; but from my end, very unlikely, though I may be wrong...thanks for the heads-up Chief. 🥂
Re: Forex Trade Alerts: Season 23 by randy01(m): 12:14pm On Aug 16, 2023
PIPSMARSHALL:
You trade fine trust me

It's your trading confidence that sucks. Ur trading Confidence comes from trusting ur trade plan.
You can have patience, backtest like fire, engage the markets and lose money. Markets are uncertain.

Trust yourself to not do stupid things first, then come and tell me if you lack patience or need to backtest.
Backtest is for beginners without a trade plan. Patience is something u develop and be ready to face ur deepest emotions, markets don dey b4 dem born una. u av to be free from it to achieve ur peak performance.
Don't just trust the market process, trust yourself too.

I'm a rich and profitable trader.....loud it.
I sent dm bro

1 Like

Re: Forex Trade Alerts: Season 23 by zonall(m): 12:18pm On Aug 16, 2023
samfelly:
Just 7 dolls to sweep up phase 1, na now the emotions and tension come dey more heightened. Why e dey bi like dat with all traders across d market?

Congrats in advance Chief...I know say you go make us proud... wink

2 Likes

Re: Forex Trade Alerts: Season 23 by samfelly: 12:21pm On Aug 16, 2023
EXLOVER:
[b][/b]

SO I FINALLY ENTER $1k GOD DID

Congratulations, you try well well

1 Like

Re: Forex Trade Alerts: Season 23 by BinaryRocks: 12:29pm On Aug 16, 2023
EXLOVER:
[b][/b]

SO I FINALLY ENTER $1k GOD DID
Weldone Boss.

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