Gasive:
Eurcad
I will be waiting to sell from the double top with sl at the red line. A close above the red line will invalidate the set-up. What do you see guys?

Gasive:
I will sell if it prints a double top, but a break above the red line will void the set-up. Tp will be 180. What are you seeing guys??

rhynoemmie:


Nice selling idea.
There's also a potential buy @181.7ish. An fvg and then an ob beneath. Incase decide to cut your cake and have it too

Gasive:


The sell is actually a counter trend or retracement, I'm selling to buy. I don't know how far the sell will go which is why I put tp at 180. I will be on guard to join the bulls when they come. Thanks for your input bro.✌️✌️

rhynoemmie:


If I may ask, why are you selling from that zone tho?
What did you see.
Hope this meets you well

GabsonFX2:
Lesson for this weekend!

If you like argue this one again - I don't operate on the general and common forex theory that you learned; I graduated from those many years ago.

Swing trading is NOT the same as trade swinging

Selah

Geovanni412:
Reading trading books ..you always hear trade with the trend

If the market ranges over 70 percent of the time, then how do you trade with the trend?

. . . Anything can happen with the close of each new bar...especially if news is around the corner.

Opinions?

meshpips:


The questions above reveal a tiny little secret that most retail traders never meditate on.
Those periods of "consolidation" (more correctly put ACCUMULATION/DISTRIBUTION) are the very foundation upon which "trends" (more correctly put MARK UP/DOWN) are built.

Institutions (hedge funds, banks etc), by reason of the size they trade CANNOT enter their positions at a go (in one trade) like us retail traders. Think about dropping Olumo rock in bar beach from a height. What will happen to Lagos state?
That's the kinda price shock we will see in the market if any institution dare to enter all its position in a single trade.

Now we have established that they CANNOT (or aren't permitted to) do so lest we see a catastrophe in the market. How then CAN institutions enter their positions?

ACCUMULATION/DISTRIBUTION
Here, they carefully layer their positions, keeping price within a tight range. This campaign can go on for days/weeks/months depending on the size of trade they are "offloading". This period is like the gestation period before the "trend" is birthed.
Once done with the careful layering, price breaks outta the range in a very strong, momentum driven move which is called the MARK UP/DOWN. For accumulation, we will see a mark UP while we see a mark DOWN for distribution.

VIA LIQUIDITY RAIDS
This is the second option open to institutions with which they get into trades. Here, they capitalize on FEAR which most traders experience around high impact economic data release. Immediately the data is released, they will first drive price in the direction OPPOSITE their intended one thereby taking out the stop loss of the "weak holders". While at it, maybe a liquidity raid to the UPSIDE, they are entering their own SELL positions. Within a few minutes, the whole pseudo move to the upside will be corrected, weak holders kicked out, institutions having entered a good percentage (if not all) of their intended size and the SELL move just goes without any form of drag, like a hot knife through butter.

Your comment "especially if NEWS is around the corner" clearly shows how the HERD have been conditioned to think - FEAR around economic release time. Whilst the big boys are strategically getting into their own positions, retailers are too scared to play that high octane game and sit out the move, completely missing outta the action.

Abeg I am revealing too much to people wey nor sabi respect person.
Bye bye.

meshpips:


I like to think of "swing trading" not in terms of duration of time in which the open position(s) are held but as TRADING WITHIN A SEGMENT (BULLISH/BEARISH) FROM START TO FINISH.

Think about it as maybe the start of wave 1 until the end of wave 1, this is a SEGMENT (bullish/bearish) already established.
Sometime in the near future, this segment is gonna be "retraced" pip for pip from start to finish. Being able to get on this "retrace" from start to finish is how I view (the context within which I view) swing trading.

meshpips:


The questions above reveal a tiny little secret that most retail traders never meditate on.
Those periods of "consolidation" (more correctly put ACCUMULATION/DISTRIBUTION) are the very foundation upon which "trends" (more correctly put MARK UP/DOWN) are built.

Institutions (hedge funds, banks etc), by reason of the size they trade CANNOT enter their positions at a go (in one trade) like us retail traders. Think about dropping Olumo rock in bar beach from a height. What will happen to Lagos state?
That's the kinda price shock we will see in the market if any institution dare to enter all its position in a single trade.

Now we have established that they CANNOT (or aren't permitted to) do so lest we see a catastrophe in the market. How then CAN institutions enter their positions?

ACCUMULATION/DISTRIBUTION
Here, they carefully layer their positions, keeping price within a tight range. This campaign can go on for days/weeks/months depending on the size of trade they are "offloading". This period is like the gestation period before the "trend" is birthed.
Once done with the careful layering, price breaks outta the range in a very strong, momentum driven move which is called the MARK UP/DOWN. For accumulation, we will see a mark UP while we see a mark DOWN for distribution.

VIA LIQUIDITY RAIDS
This is the second option open to institutions with which they get into trades. Here, they capitalize on FEAR which most traders experience around high impact economic data release. Immediately the data is released, they will first drive price in the direction OPPOSITE their intended one thereby taking out the stop loss of the "weak holders". While at it, maybe a liquidity raid to the UPSIDE, they are entering their own SELL positions. Within a few minutes, the whole pseudo move to the upside will be corrected, weak holders kicked out, institutions having entered a good percentage (if not all) of their intended size and the SELL move just goes without any form of drag, like a hot knife through butter.

Your comment "especially if NEWS is around the corner" clearly shows how the HERD have been conditioned to think - FEAR around economic release time. Whilst the big boys are strategically getting into their own positions, retailers are too scared to play that high octane game and sit out the move, completely missing outta the action.

Abeg I am revealing too much to people wey nor sabi respect person.
Bye bye.

GabsonFX2:
boss mi, I dey look up to you ooo

I pray make I be like you wen I grow up

rhynoemmie:


Nice selling idea.
There's also a potential buy @181.7ish. An fvg and then an ob beneath. Incase decide to cut your cake and have it too

@kozmicity incase u haven't marked it up yet.
Somebody dropped some bread bruh
Enjoy fam

zedegit:
Meshpips catching cruise. Answering himself with his numerous monikers.

samfelly:


This is a good question. Well, since we want each trader to build up their department of quality trades over quantity trades, I'll say trading every day is out of the question. So, my take on this is any trade held for a number of days would count as taking a trade for each day till it's closed. But then again, lets ask boss Infofirst wat he thinks.

zedegit:
samfelly

This question was not answered. Maybe it means having a trade atleast once every week which is realistic.

Immortal99:
@ samfelly..


please clarify the below conflicting rules


We are allowing only a maximum of 0.1 lot size and a maximum of two positions at a time.

The maximum size of any individual order is 0.20 lots. Competitors will be disqualified if they place an order larger than this during the competition.


can we use 0.2 once or must be 0.1 2times


Thanks

samfelly:




Ah, you missed it, sir 😁

bignero:


bro how far the ryze prop firm? did you try them?

totally forgort about them...

the 5 usd prop firm

kozmicity:
Rhynoemmie, turns out I've been in a sell since Friday, hopefully it goes down so I close one position at the bottom liquidity.

kozmicity:


GU

zedegit:
Meshpips catching cruise. Answering himself with his numerous monikers.

kozmicity:



EU

samfelly:
Kozmicity, Goodoption, Chriskhing and Tunji2003, no bi me do anything o.

Now I want to know, wetin happen? Wetin una do wey no correct?

samfelly:
Kozmicity, Goodoption, Chriskhing and Tunji2003, no bi me do anything o.

Now I want to know, wetin happen? Wetin una do wey no correct?

kozmicity:


I think I know. Last weekend, on Sunday market open, I set limits on the darwinex account thinking it was starting as the week opens. Then I asked you if the challenge has started and you said October first, I went to delete the orders, I haven't taken any trade on the account. The limits didn't get filled.

Attached is proof.