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Forex Trade Alerts: Season 23 - Business (742) - Nairaland

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Re: Forex Trade Alerts: Season 23 by randy01(m): 6:23am On Sep 23, 2023
AUDusd have tested that resistance twice this month alone and am waiting for it break it third time it get their.i have a long running from what looks like head and shoulder on daily
Re: Forex Trade Alerts: Season 23 by GabsonFX2: 6:27am On Sep 23, 2023
Re: Forex Trade Alerts: Season 23 by randy01(m): 6:29am On Sep 23, 2023
GabsonFX2:
I see you don't get my whole point, and you are even repeating the same thing I have said over and over again about support was once a resistance and vice versa.

I wish you best of luck.

I rest my case...............court!!!!! cheesy



Bye bye
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 6:32am On Sep 23, 2023
randy01:
This AUDusd chart and I have draw those support and resistance since July and price respect those lines when ever it get there.i was longing usdcad at support last week it broke support and it my stop loss now it came to retest that support which now turn resistance to sell down again.i have noting against anybody but I will not allow anyone here to mislead others.i don't trade ICT or SMC but I will never say rubbish about them cuz they work for those who believe in them.quick secret any support which got broken will turn resistance in future if trader can be patient and recognise it when about to happen


Thanks jare

Support or resistance doesn't hold forever, a time will come it wil break and after a successful retest becomes either a support or resistance.

GabsonFX2:
Elliotwaveforec, my US30 Short is now at 127 pips, and will target 1000 pips for this trade.

You see why I have been shouting to FTA that support and resistance is bullsh*t lies they have taught everybody; this is a mind game by the big banks and big men in the business. They know that now that everyone understands what support and resistance is, they will all pile up around it, and the big brothers surprise them, take their SLs.

I'm here to open our minds to get bigger and wider and trade like the big banks



Support and resistance bullshit?
Lol stop this early morning Cap and ask if u dont know how to use it.

2 Likes

Re: Forex Trade Alerts: Season 23 by randy01(m): 6:32am On Sep 23, 2023
GabsonFX2:
I see you don't get my whole point, and you are even repeating the same thing I have said over and over again about support was once a resistance and vice versa. You are saying theory, I'm showing you practical on live trade.

I wish you best of luck.

I rest my case...............court!!!!! cheesy


You ask me question I answer you.now answer my own how do we trade if support and resistance are rubbish according to you.de we just open mt5 and longing because price is going up ?

Re: Forex Trade Alerts: Season 23 by GabsonFX2: 6:37am On Sep 23, 2023
Re: Forex Trade Alerts: Season 23 by samfelly: 6:48am On Sep 23, 2023
Donsheddy:
10k Phase 1 completed 🕺🕺🕺

This is interesting. The Don, CONGRATULATIONS. Phase 2 go bi piece of cake, I am sure

2 Likes

Re: Forex Trade Alerts: Season 23 by GabsonFX2: 7:01am On Sep 23, 2023
Re: Forex Trade Alerts: Season 23 by GabsonFX2: 7:08am On Sep 23, 2023
Re: Forex Trade Alerts: Season 23 by Donsheddy: 7:09am On Sep 23, 2023
samfelly:


This is interesting. The Don, CONGRATULATIONS. Phase 2 go bi piece of cake, I am sure

Thanks bro...
We dey believe God

2 Likes

Re: Forex Trade Alerts: Season 23 by Ibrahimlagosian(m): 7:18am On Sep 23, 2023
I don't think it's just a theory,there's a sound psychological reason for that.the thing is that statistically, all technical system have losing trades but will surely take money out of the market in the long term.i've make money using that setup and i've also lose money trading the setup but i made more.the goal is to put the odds in our favour and take high probability winning trades consistently.
GabsonFX2:
I see you don't get my whole point, and you are even repeating the same thing I have said over and over again about support was once a resistance and vice versa. You are saying theory, I'm showing you practical on live trade.

I wish you best of luck.

I rest my case...............court!!!!! cheesy


2 Likes

Re: Forex Trade Alerts: Season 23 by Ibrahimlagosian(m): 7:23am On Sep 23, 2023
That's a false break,it's a perfect opportunity to profit from the market too.infact,i always feel confident trading false breaks than the support and resistance themselves,it's happens when the market breaks the range but failed to sustain it.when that happens,there's usually a significant price change.you can notice the bullish momentum after it happened.everything is about getting the right skills and knowledge
GabsonFX2:
See the box on the same AUDUSD chart you just uploaded.

And yet again, the same AUDUSD chart you posted, that is a support that got tested and respected 3 times, broke out but failed. Like you did 2days ago I think, you would short at that strong bearish candle that broke the support and see the red box I placed there --- massive loss.

Oh you ignored that support abi, and you picked the one already printed; or that is not a valid support?

I will reiterate - Support and Resistance exist, I don't use them. I see them, but I don't care about them.


Re: Forex Trade Alerts: Season 23 by GabsonFX2: 7:27am On Sep 23, 2023
Re: Forex Trade Alerts: Season 23 by samfelly: 7:30am On Sep 23, 2023
samfelly:
@ALL, will update on this by weekend. Still checking out some technicalities.

Although, trading is a personal journey - you determine your own success. But as a community, we want to come together and create a model to encourage that journey and make it a fulfilling one. So, if you are wondering why we are using a Darwinex instead of TFT account, is because Darwinex have a better risk management rule. And continuous practice, they say, make perfect.

So, ladies and gents, please, kindly use (if you're interested) the following links, below, for our Next Level Trading Journey tagged Sit Up (or stay out) - Building Professional Traders.

https://www.darwinex.com/open-demo-trading-account (to open your $10,000 demo account)

https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1988&rx=1695389751366 (to register your interest)

And what is the catch of this 'personal trading journey'? You may ask. Read the boss Infofirst's quote, below;

infofirst:
I'm considering modifying the competition rules. Moving forward, only committed and serious participants will be allowed. To be eligible, participants must have an account age of at least six months and a history of activity on the thread. [s]A request to assess their qualifications will be necessary before extending an invitation.[/s]

While the competition results can be made public, the primary method of joining will be through invitation. The competition will run for three months. To qualify for a $10,000 challenge, participants must achieve a minimum of 10% profit, and their drawdown (DD) must not exceed 10%. Additionally, they must actively trade for a minimum of one month to be eligible for the prize.

We will utilize a Darwinex $10,000 demo account, which should be linkable to my FXBlue account.
However, I still need to confirm whether the demo account will expire within that three-month period. It's important to note that Darwinex offers lower leverage, allowing only a maximum of 0.1 lot size and a maximum of two positions at a time. Participants must be willing to adhere to these rules if they win the challenge account; otherwise, they will face a permanent ban.

We need to stop playing. Our play don dey too much.

The floor is opened for further questions and discussions. Happy trading.

14 Likes 3 Shares

Re: Forex Trade Alerts: Season 23 by haryodehjia(m): 7:35am On Sep 23, 2023
randy01:
This AUDusd chart and I have draw those support and resistance since July and price respect those lines when ever it get there.i was longing usdcad at support last week it broke support and it my stop loss now it came to retest that support which now turn resistance to sell down again.i have noting against anybody but I will not allow anyone here to mislead others.i don't trade ICT or SMC but I will never say rubbish about them cuz they work for those who believe in them.quick secret any support which got broken will turn resistance in future if trader can be patient and recognise it when about to happen

You are getting it all wrong.. S/R will eventually break if it has been tested several times

Those pairs you mention check how many times it was tested before a breakout.. At least 3times
Re: Forex Trade Alerts: Season 23 by Ibrahimlagosian(m): 7:37am On Sep 23, 2023
We don't consider it a false break till it candle goes back into the range and closes,yes of course,it can be an entire Daily candle but all setups can occur irrespective of the time frame.if we check it from the weekly time frame,our setup was completed as the candle after breakout went back into the range,indicating it was a false break.
GabsonFX2:
False breakout? After it already printed, reversed against you and in loss? OR you don't even enter at all after the breakout?

Right there is a big price action, level traders will not play with that kind of breakout. you said false breakout. So after it broke out, you ignore it? because you already know it is a false breakout? a whole D1 candle.


Re: Forex Trade Alerts: Season 23 by GabsonFX2: 7:44am On Sep 23, 2023

1 Like

Re: Forex Trade Alerts: Season 23 by Ibrahimlagosian(m): 7:49am On Sep 23, 2023
Really it doesn't worth explaining further,i've also traded them too and i was profitable.the thing is that,everyone have his way of interpreting market information.Goodluck and i wish all traders a profitable week irrespective of their strategies and systems.Cheers
GabsonFX2:
Haahaa, let's keep it just simple.

Aggressive level traders will short just right after that bearish candle-close (that's a price action right there), now the very next candle says negative, how would you then wait wait to confirm it is a false breakout when the next forming candle is already going against you.

If you decide to wait for a retest like some others do, then what if it went back up like this and never returned after it broke the resistance to the upside again.

The thing is: it is easy to say when you are talking about a paper chart: it is already printed.

Again, my point is I don't respect them and I have proven it here with my live trades

2 Likes

Re: Forex Trade Alerts: Season 23 by GabsonFX2: 7:56am On Sep 23, 2023
Re: Forex Trade Alerts: Season 23 by Ibrahimlagosian(m): 8:00am On Sep 23, 2023
Ok,noted boss
GabsonFX2:
Support and Resistance exit, and I depict that with my SL positioning each time I post my trade chart. I do not trade them. You will never see me mention them in my trade, and I have said it over and over again, that, a point where price goes against me - right there is where a fresh support or resistance is printed. It is my opinion, my very own revelation. I wish you best of luck.

Re: Forex Trade Alerts: Season 23 by Ibrahimlagosian(m): 8:02am On Sep 23, 2023
How do i get to channel my proof of qualification to you?
samfelly:


Although, trading is a personal journey - you determine your own success. But as a community, we want to come together and create a model to encourage that journey and make it a fulfilling one. So, if you are wondering why we are using a Darwinex instead of TFT account, is because Darwinex have a better risk management rule. And continuous practice, they say, make perfect.

So, ladies and gents, please, kindly use (if you're interested) the following links, below, for our Next Level Trading Journey tagged Sit Up (or stay out) - Building Professional Traders.

https://www.darwinex.com/open-demo-trading-account (to open your $10,000 demo account)

https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1988&rx=1695389751366 (to register your interest)

And what is the catch of this 'personal trading journey'? You may ask. Read the boss' quote, below;


The floor is opened for further questions and discussions. Happy trading.
Re: Forex Trade Alerts: Season 23 by Donsheddy: 8:13am On Sep 23, 2023
samfelly:


Although, trading is a personal journey - you determine your own success. But as a community, we want to come together and create a model to encourage that journey and make it a fulfilling one. So, if you are wondering why we are using a Darwinex instead of TFT account, is because Darwinex have a better risk management rule. And continuous practice, they say, make perfect.



[color=red]The floor is opened for further questions and discussions. Happy trading.

The competition duration and rules of qualification has to be stated clearly to avoid... I did not know....
Im not really sure about darwinex leverage because the account i opened leverage is about 1:200
Re: Forex Trade Alerts: Season 23 by Achemz(m): 8:37am On Sep 23, 2023
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Re: Forex Trade Alerts: Season 23 by Emmizay12(m): 8:48am On Sep 23, 2023
Ibrahimlagosian:
Really it doesn't worth explaining further,i've also traded them too and i was profitable.the thing is that,everyone have his way of interpreting market information.Goodluck and i wish all traders a profitable week irrespective of their strategies and systems.Cheers

true bro, all strategies work
personally I don't use support and resistance, inshort I'm actively looking for where support and resistance is broken

we will win, we will lose, even If your strategy is the world best strategy....
Re: Forex Trade Alerts: Season 23 by samfelly: 8:57am On Sep 23, 2023
Ibrahimlagosian:
How do i get to channel my proof of qualification to you?

Sorry, I ought to have strike that out of his quote. You see, boss Infofirst became lenient, after all, and decided that any interested person from the monikers we know right now, can join. Though, those new monikers will be subjected to some reviews if we smell a foul play

Lemme go back and modify and strike that requirement clause out of his quote

2 Likes 1 Share

Re: Forex Trade Alerts: Season 23 by Jameselias: 9:09am On Sep 23, 2023
Hahahahaha hahahahaha

OHLC OR OLHC
Re: Forex Trade Alerts: Season 23 by samfelly: 9:21am On Sep 23, 2023
Donsheddy:


The competition duration and rules of qualification has to be stated clearly to avoid... I did not know....
Im not really sure about darwinex leverage because the account i opened leverage is about 1:200

It's stated in boss quote. 3 months (October 1st to December 30th).

When I searched I saw 1:30
Re: Forex Trade Alerts: Season 23 by Nobody: 9:22am On Sep 23, 2023
samfelly:


Although, trading is a personal journey - you determine your own success. But as a community, we want to come together and create a model to encourage that journey and make it a fulfilling one. So, if you are wondering why we are using a Darwinex instead of TFT account, is because Darwinex have a better risk management rule. And continuous practice, they say, make perfect.

So, ladies and gents, please, kindly use (if you're interested) the following links, below, for our Next Level Trading Journey tagged Sit Up (or stay out) - Building Professional Traders.

https://www.darwinex.com/open-demo-trading-account (to open your $10,000 demo account)

https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1988&rx=1695389751366 (to register your interest)

And what is the catch of this 'personal trading journey'? You may ask. Read the boss' quote, below;


The floor is opened for further questions and discussions. Happy trading.

Registered
3 months is great boss
At least it will make some of us disciplined traders
Re: Forex Trade Alerts: Season 23 by VeeVeeMyLuv(m): 9:31am On Sep 23, 2023
randy01:
This AUDusd chart and I have draw those support and resistance since July and price respect those lines when ever it get there.i was longing usdcad at support last week it broke support and it my stop loss now it came to retest that support which now turn resistance to sell down again.i have noting against anybody but I will not allow anyone here to mislead others.i don't trade ICT or SMC but I will never say rubbish about them cuz they work for those who believe in them.quick secret any support which got broken will turn resistance in future if trader can be patient and recognise it when about to happen
You right

Either

Drop base rally

Rally base drop

Rally base rally

Drop base drop

Will occur at those zones.

1 Like

Re: Forex Trade Alerts: Season 23 by abham: 9:38am On Sep 23, 2023
Weekly candle closed bullish with a small body.

Equal highs is a suspect after PML was traded through. Commercials are net long also and the Daily market order flow is seeking higher objective from how I see it because I may be wrong.

Sept comp: -1.2%. Indices took more from me than it gave me this week, also journal your trades guys...
Photo is not uploading and I've uploaded twice.

abham:
Selling below EQH's is risky.

Lets see if the bullish momentum can sustain price into the premium of the weekly bearish range and drop. FOMC will lead the way.

Attached are daily and weekly draw on price.


abham:
Selling below EQH's is risky.

Lets see if the bullish momentum can sustain price into the premium of the weekly bearish range and drop. FOMC will lead the way.

Attached are daily and weekly draw on price.

Re: Forex Trade Alerts: Season 23 by abham: 9:40am On Sep 23, 2023
1:30 leverage is much, person whe open 0.5 lot with 400 points sl lasan...

shocked shocked

samfelly:


It's stated in boss quote. 3 months (October 1st to December 30th).

When I searched I saw 1:30
Re: Forex Trade Alerts: Season 23 by Donsheddy: 9:42am On Sep 23, 2023
samfelly:


It's stated in boss quote. 3 months (October 1st to December 30th).

When I searched I saw 1:30

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