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Forex Trade Alerts: Season 23 - Business (578) - Nairaland

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Re: Forex Trade Alerts: Season 23 by dmahn(m): 5:31pm On Aug 21, 2023
The trades we are very confident about are the ones going to SL, The ones we opened out of fear with a very tiny lots size are the ones going to TP... I tot this is a BOS... Price is finding it's way to hit my Sl now cry ........ This business isn't for the weak oo

Apart from the fact that this is a countertrend trade, can someone explain why this trade might fail Pls... Is there any difference between the book pattern and what the market prints??

1 Like

Re: Forex Trade Alerts: Season 23 by samfelly: 5:33pm On Aug 21, 2023

2 Likes

Re: Forex Trade Alerts: Season 23 by Petah(m): 5:35pm On Aug 21, 2023
Who trades EU here?
Re: Forex Trade Alerts: Season 23 by Edd1e(m): 5:38pm On Aug 21, 2023
dmahn:
The trades we are very confident about are the ones going to SL, The ones we opened out of fear with a very tiny lots size are the ones going to TP... I tot this is a BOS... Price is finding it's way to hit my Sl now cry ........ This business isn't for the weak oo

Apart from the fact that this is a countertrend trade, can someone explain why this trade might fail Pls... Is there any difference between the book pattern and what the market prints??

Trading isn't for the weak bro. That shit is hard.

From your chart, looking at the pattern which you applied correctly, maybe u need to wait for evidence to sell with candlesticks or so; a bearish pattern candle to confirm the chart pattern...

Anyway, the thing is this market, there's no right or wrong to look at it.. that same trades could have worked well some other time whether you decide to wait for confirmation candlestick or not but then again we have to put the probability in our favour by ticking all boxes of our strategies.

Are u the kinda trader that waits for confirmation or just delve right in. All this things is not easy to know but u have to know them through back -testing and live experience.
Re: Forex Trade Alerts: Season 23 by samfelly: 5:39pm On Aug 21, 2023
dottozil:
Got disqualified today on my tft competition account due to DD, tried my best but i guess it's not enough will keep working to achieve more in the next competition, I want to wish all our FTA contestants best of luck.

How DD take touch those profitable trades you share over the weekend, boss?
Re: Forex Trade Alerts: Season 23 by peteregwu(m): 5:43pm On Aug 21, 2023
karkinase:

Why are you buying AUDUSD; reasons

it's a counter trade I am on with and I said it's a risky trade. I am aware of it. There is a reason why I am buying. There is a double buttom formed on a dilay timeframe and likewise a double doji formed on a key support level which indicate a reversal might occur for sometime before it drops down again. And one more thing, there is an imbalance and resistance at 0.66583 that Audusd supposed to clear before dropping down to 0.62455 and later 0.61666. So, it's a risk for me and it may work out and may not work out. šŸ¤žšŸ¤žšŸ¤ž

2 Likes 1 Share

Re: Forex Trade Alerts: Season 23 by Donsheddy: 5:45pm On Aug 21, 2023
dmahn:
The trades we are very confident about are the ones going to SL, The ones we opened out of fear with a very tiny lots size are the ones going to TP... I tot this is a BOS... Price is finding it's way to hit my Sl now cry ........ This business isn't for the weak oo

Apart from the fact that this is a countertrend trade, can someone explain why this trade might fail Pls... Is there any difference between the book pattern and what the market prints??
you didn't wait for a sign to sell before selling.... All you had to do was wait for a bearish candle to appear before selling šŸ˜šŸ˜šŸ˜šŸƒā€ā™‚ļøšŸƒā€ā™‚ļø...
Nothing i sabi sha just my opinion

1 Like

Re: Forex Trade Alerts: Season 23 by dottozil: 5:46pm On Aug 21, 2023
samfelly:


How DD take touch those profitable trades you share over the weekend, boss?

I don't even understand most of the trades are still in profit, I think it's equity DD cos us30 went significantly below my entry point. Na email I just receive say have been disqualified.
Re: Forex Trade Alerts: Season 23 by Donsheddy: 5:48pm On Aug 21, 2023
peteregwu:


it's a counter trade I am on with and I said it's a risky trade. I am aware of it. There is a reason why I am buying. There is a double buttom formed on a dilay timeframe and likewise a double doji formed on a key support level which indicate a reversal might occur for sometime before it drops down again. And one more thing, there is an imbalance and resistance at 0.66583 that Audusd supposed to clear before dropping down to 0.62455 and later 0.61666. So, it's a risk for me and it may work out and it might not work out. šŸ¤žšŸ¤žšŸ¤ž

Una wan use grammer finish my brain šŸ˜­šŸ˜­šŸ˜­
I no understand one thing for here...
Choi trading na full time job...
E no easy...
I raise yansh up for scalpers

1 Like 1 Share

Re: Forex Trade Alerts: Season 23 by djwalata(m): 5:49pm On Aug 21, 2023
Petah:
Who trades EU here?
Eurusd is expected to go higher if any of its daily candle doesn't close below 1.0840.
Re: Forex Trade Alerts: Season 23 by dmahn(m): 5:54pm On Aug 21, 2023
Edd1e:


Trading isn't for the weak bro. That shit is hard.

From your chart, looking at the pattern which you applied correctly, maybe u need to wait for evidence to sell with candlesticks or so; a bearish pattern candle to confirm the chart pattern...

Anyway, the thing is this market, there's no right or wrong to look at it.. that same trades could have worked well some other time whether you decide to wait for confirmation candlestick or not but then again we have to put the probability in our favour by ticking all boxes of our strategies.

Are u the kinda trader that waits for confirmation or just delve right in. All this things is not easy to know but u have to know them through back -testing and live experience.

Thanks for your input boss...You've said it all..
The past doesn't guarantee the future Most times I wait for confirmation but this was a limit order coz I don't have that time to be watching from time to time...

2 Likes

Re: Forex Trade Alerts: Season 23 by karkinase(m): 5:58pm On Aug 21, 2023
peteregwu:


it's a counter trade I am on with and I said it's a risky trade. I am aware of it. There is a reason why I am buying. There is a double buttom formed on a dilay timeframe and likewise a double doji formed on a key support level which indicate a reversal might occur for sometime before it drops down again. And one more thing, there is an imbalance and resistance at 0.66583 that Audusd supposed to clear before dropping down to 0.62455 and later 0.61666. So, it's a risk for me and it may work out and may not work out. šŸ¤žšŸ¤žšŸ¤ž
Nice one.. I like this.. Iā€™m seeing same thing on GOLD too
Re: Forex Trade Alerts: Season 23 by dmahn(m): 6:00pm On Aug 21, 2023
Donsheddy:
you didn't wait for a sign to sell before selling.... All you had to do was wait for a bearish candle to appear before selling šŸ˜šŸ˜šŸ˜šŸƒā€ā™‚ļøšŸƒā€ā™‚ļø...
Nothing i sabi sha just my opinion

Even sometimes the signs and confirmations are traps... My man the thing no easy.. Thank God I didn't go max lot.. I'm planning to reenter if price clears all the liquidity on top by picking retailers Stoplosses and the close backs into the zone on an hourly candle, A bearish pinbar will surface and I will fight back with Full lots sizegrin grin
Re: Forex Trade Alerts: Season 23 by peteregwu(m): 6:02pm On Aug 21, 2023
karkinase:

Nice one.. I like this.. Iā€™m seeing same thing on GOLD too

Yes, it's true but I won't try it on gold. I am waiting for gold to come to me at 1952.87 ( that's if it would get there) so that I can sell down to 1846 šŸ˜
Re: Forex Trade Alerts: Season 23 by BinaryRocks: 6:03pm On Aug 21, 2023
dottozil:


Oh, thanks baami, I just dey trade any pair wey my strategy show me opportunity but US30 Decided to be unfortunate. Will consider what you said though
Sorry about the loss.
US30 is a beast Boss.

But it's still tradable than gold.
It's well.

1 Like

Re: Forex Trade Alerts: Season 23 by Jameselias: 6:09pm On Aug 21, 2023
Petah:
Who trades EU here?
i do
Re: Forex Trade Alerts: Season 23 by VeeVeeMyLuv(m): 6:10pm On Aug 21, 2023
Typical range condition! look at the price going there and coming back. Bull served and bear served.

1 Like

Re: Forex Trade Alerts: Season 23 by Donsheddy: 6:11pm On Aug 21, 2023
Donsheddy:
Happy New Week Guys....
Week 6

Gbpusd bought...
Entry 1.27400
Sl 1.26960
Tp 1.28000

Rrr 1:1.3

Trade closed Manually With 15 pips profit

2 Likes

Re: Forex Trade Alerts: Season 23 by dottozil: 6:12pm On Aug 21, 2023
BinaryRocks:

Sorry about the loss.
US30 is a beast Boss.

But it's still tradable than gold.
It's well.

Thanks boss, congratulations on your account, best wishes

2 Likes

Re: Forex Trade Alerts: Season 23 by kozmicity: 6:25pm On Aug 21, 2023
Ibrahimlagosian:
Hello guys,it's been a while now,can anyone recommend books i should read on SMC,market structure and price action?thanks

Koran.
Re: Forex Trade Alerts: Season 23 by Emmizay12(m): 6:29pm On Aug 21, 2023
dmahn:
The trades we are very confident about are the ones going to SL, The ones we opened out of fear with a very tiny lots size are the ones going to TP... I tot this is a BOS... Price is finding it's way to hit my Sl now cry ........ This business isn't for the weak oo

Apart from the fact that this is a countertrend trade, can someone explain why this trade might fail Pls... Is there any difference between the book pattern and what the market prints??

for me, I think it might fail because you are not looking at the chart, you are looking at a pattern and hoping the market will draw that pattern...

wait for the market to move in the direction of your trade idea,, to be on the safer side, look for structure being broken in the direction of your trade

3 Likes 1 Share

Re: Forex Trade Alerts: Season 23 by kozmicity: 6:30pm On Aug 21, 2023
dmahn:
The trades we are very confident about are the ones going to SL, The ones we opened out of fear with a very tiny lots size are the ones going to TP... I tot this is a BOS... Price is finding it's way to hit my Sl now cry ........ This business isn't for the weak oo

Apart from the fact that this is a countertrend trade, can someone explain why this trade might fail Pls... Is there any difference between the book pattern and what the market prints??

Liquidity at the double top. Make sure liquidity has been take out before assuming it's a CHoCH.
Re: Forex Trade Alerts: Season 23 by djwalata(m): 6:40pm On Aug 21, 2023
USD seems to b going down against major pairs as many of them r on confluence of support/resistance.
I bought nzdusd at cmp 0.5918 with 50-60 pips sl.
Note.... There's a divergence in daily USD pairs across board.
Re: Forex Trade Alerts: Season 23 by dmahn(m): 6:44pm On Aug 21, 2023
Emmizay12:


for me, I think it might fail because you are not looking at the chart, you are looking at a pattern and hoping the market will draw that pattern...

wait for the market to move in the direction of your trade idea,, to be on the safer side, look for structure being broken in the direction of your trade

Thank you
Re: Forex Trade Alerts: Season 23 by zonall(m): 6:48pm On Aug 21, 2023
NZDUSD {M15} - BUY LIMIT
E: 0.5881
S: 0.5871
T: 0.5961

RR - 1:8

May the blue pips continually be with us. šŸ„‚

1 Like

Re: Forex Trade Alerts: Season 23 by richgen(m): 6:48pm On Aug 21, 2023
My trading watchword still remains: "Trade slow and steady.

Also another one: "Be slow to make money."

I no dey rush go anywhere.

3 Likes

Re: Forex Trade Alerts: Season 23 by dmahn(m): 6:50pm On Aug 21, 2023
kozmicity:


Liquidity at the double top. Make sure liquidity has been take out before assuming it's a CHoCH.

Thanks.. Kindly elaborate, I wan learn.. The SL at the the double top have to be picked before I assuming it's CHoCH right.. Isn't that what liquidity means?.... But I tot the broken double top and the last leg of the consolidation that was broken to the downside was enough cool
Re: Forex Trade Alerts: Season 23 by OfficialP: 7:00pm On Aug 21, 2023
dmahn:
The trades we are very confident about are the ones going to SL, The ones we opened out of fear with a very tiny lots size are the ones going to TP... I tot this is a BOS... Price is finding it's way to hit my Sl now cry ........ This business isn't for the weak oo

Apart from the fact that this is a countertrend trade, can someone explain why this trade might fail Pls... Is there any difference between the book pattern and what the market prints??

xx.x/jpy looks bullish to me.
Re: Forex Trade Alerts: Season 23 by zonall(m): 7:06pm On Aug 21, 2023
zonall:
NZDUSD {M15} - BUY LIMIT
E: 0.5881
S: 0.5871
T: 0.5961

RR - 1:8

May the blue pips continually be with us. šŸ„‚

... šŸ„‚

Re: Forex Trade Alerts: Season 23 by Winnerrrr(m): 7:21pm On Aug 21, 2023
Omoo close to dd on my competition account, I wonder how those guys bagging high xx% are doing it though.

Have a nice trading week y'all
Re: Forex Trade Alerts: Season 23 by Jameselias: 7:22pm On Aug 21, 2023
This current TFT Twitter giveaway, dem no wan give persin ayam not understanding oo
Re: Forex Trade Alerts: Season 23 by Ibrahimlagosian(m): 7:43pm On Aug 21, 2023
Had a nice trading day today,traded US100(Nas100) and made some handsome profit with the smallest lot size.

4 Likes 1 Share

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