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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 23 (471056 Views)
Forex Trade Alerts: Season 22 / Forex Trade Alerts: Season 21 / Forex Trade Alerts: Season 20 (2) (3) (4)
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Re: Forex Trade Alerts: Season 23 by wuyexzy01: 10:53am On Oct 06, 2023 |
A close below the yellow line will make eur/gbp vulnerable. then ill load some proper SELL.
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Re: Forex Trade Alerts: Season 23 by infofirst(m): 10:54am On Oct 06, 2023 |
Lack of trading strategy/plan/system Poor risk management/Greediness Impatience Indiscipline Which one is stopping you from profiting in the forex market? And what are you doing to overcome it? Impatience has been hitting me lately. And dragging me back and forth. I kept going through short tweets on trading psychology to overcome the impatience of late. 11 Likes |
Re: Forex Trade Alerts: Season 23 by infofirst(m): 10:59am On Oct 06, 2023 |
@oluwayemipeter should be a ghost worker here. Don't think I have seen the name here @kellybently welldone @maroka and @trading giants... Those are exceptional trading from you both. You mind coming to give members some hints on how they can do better as well. I hope you guys keep this up for real. I hope play has tired the two of you for real. @zonal and those hiding their trading orders. Kindly open them... We need to help each other. Whats going on fellow contestants? What's stopping you from making atleast 0.5% this week... Come and confess, maybe someone might give you the appropriate answer to your challenge. 9 Likes |
Re: Forex Trade Alerts: Season 23 by MONEY247: 11:06am On Oct 06, 2023 |
infofirst: All of it... This forex thing... Sometimes the charts is addictive |
Re: Forex Trade Alerts: Season 23 by infofirst(m): 11:07am On Oct 06, 2023 |
klinksd: greatcheer: Sorted right |
Re: Forex Trade Alerts: Season 23 by infofirst(m): 11:07am On Oct 06, 2023 |
MONEY247: What are you doing to overcome? I think you need to take it one at a time. So you do not have a trading strategy? |
Re: Forex Trade Alerts: Season 23 by greatcheer(f): 11:08am On Oct 06, 2023 |
infofirst: Mine is greed. I made a profit of 150k in naira yesterday I was waiting for it to hit 200k before I close d trade because it was a quick scalp, before I knew it trade reversed and entered margin call. my feet became cold instantly. so no matter what now, I won't stake my trade if going in my direction, I will just maintain the original lot size I entered the trade with. when I heard about forex in January I quickly sold my shop and invested the money which some of you know how that went. my problem is being on the chart 247, I think that thing messes one up, you begin to make mistakes from your original plan for the week. nobody they tell me now 1. use small lots 2. don't stay on the chart 247, I have to look for something else to do to keep me occupied 3. allow the trade play out(impatience) 4. input your Tp and Sl. am still working on this Boss we will overcome this 6 Likes |
Re: Forex Trade Alerts: Season 23 by infofirst(m): 11:13am On Oct 06, 2023 |
greatcheer: You get mind o. Which shop did you sell? Which inspirational speaker push you to do that? That's purposeful mehn. You definitely will overcome provided you do not give up. You are deliberate about improving too. You have to let greed go. If you do not. It takes one day and ten years efforts will go in the bin. 10 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 11:31am On Oct 06, 2023 |
charly20: Noted with thanks. 1 Like |
Re: Forex Trade Alerts: Season 23 by greatcheer(f): 11:31am On Oct 06, 2023 |
infofirst: That was my side hustle but wasn't finding fulfilment in it, but u see this fx, we die here I am not there yet, I have not even passed a prop firm yet, but I am learning from my mistakes and will get there 2 Likes |
Re: Forex Trade Alerts: Season 23 by Riverrun: 11:36am On Oct 06, 2023 |
greatcheer: Like you really sold your shop! This person who introduced this kind of wicked business to you must have sweet talked you into that. Telling you how you who become the next millionaire in no time. Kai, this kind business ehn!!! Sorry about that. Next time don't sell your shop. 1 Like |
Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 11:37am On Oct 06, 2023 |
MONEY247: My two cents... Backtest your strategy Have a max drawdown for week and for the month for your personal acct Have a plan to sit out after every win, after every loss, after every missed trade and after news event You can do 40 mins break after every win or loss and 90 mins break after every missed trade...fomo is deadly. You can also do 60-90 mins after news event occurs Also when market breaks to new level on weekly, like it is on eurusd or xauusd, take break for 12-15 hrs for each day unless market proves it is clearly trending on 4h chart. Truly speaking, market will do whatever it will do no matter how long you look at the chart Unless you are a scalper for 4-10 pips, there is no need to look at the chart all day. 1 Like |
Re: Forex Trade Alerts: Season 23 by LincolnOnyeabor: 11:41am On Oct 06, 2023 |
greatcheer: EU has been bullish since the London session today. Got into about 2 Buy trades and the first hit Tp while the second is Presently in Profits. Once it gets to 12 or 12:15, I'll close them manually. USD is getting weaker. 1 Like |
Re: Forex Trade Alerts: Season 23 by erniok(m): 11:44am On Oct 06, 2023 |
infofirst:Thanks for all you're doing to help traders. You're fulfilling the phrase: we rise by lifting others. Mine are two: impatience and indiscipline. For indiscipline, I have resolved to lower my expectations(profit wise) and take fewer trades that meet my analysis. For impatience, still racking my brain around it as I jump into the market when it's getting to my POI so i don't miss out. Guess my emotions still playing. 2 Likes |
Re: Forex Trade Alerts: Season 23 by Elliotwaveforec: 11:44am On Oct 06, 2023 |
Elliotwaveforec:Closed! We come in after thee news. 1 Like
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Re: Forex Trade Alerts: Season 23 by friendbee: 11:49am On Oct 06, 2023 |
Seriously, I never knew easy trading can be achieved by keeping emotion in check. I was 2% up but l did not realize my profit, and its gone. Good experience, how I wish prop firms will even give us 1:10 leverage, it will reduce the speed of loosing account. Few years back I ask Alpari to reduce my leverage to 1;20, they ask me why , but if it is to increase it, they will do it easily. The lot size in this competition make sense. Few hours to end of the week. @infofirst this lot size does not favour indices. I could not trade us30 because the labour is in vain. infofirst: 1 Like |
Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 11:51am On Oct 06, 2023 |
I expect Xauusd to be bearish till 1800... Eurusd should be bearish as well from 1.059 Gbpusd is at a key area where it can fall from News will confirm if this bias is wrong or not Not taking any trades till 2:30 pm.. 2 Likes |
Re: Forex Trade Alerts: Season 23 by infofirst(m): 11:57am On Oct 06, 2023 |
erniok: Don't relent 2 Likes |
Re: Forex Trade Alerts: Season 23 by infofirst(m): 11:57am On Oct 06, 2023 |
friendbee:It is what it is 1 Like 1 Share |
Re: Forex Trade Alerts: Season 23 by Gasive: 12:01pm On Oct 06, 2023 |
friendbee:I've learnt a lot in the challenge already. Henceforth I will go with 0.10 for indices and 0.2 for currencies/10k of my account size. It will help keep emotions in check. |
Re: Forex Trade Alerts: Season 23 by friendbee: 12:06pm On Oct 06, 2023 |
Are we seening the same thing, With 0.1, 200pips is just 20$, Gasive: |
Re: Forex Trade Alerts: Season 23 by Gasive: 12:09pm On Oct 06, 2023 |
friendbee:With 0.1, 200pips is $200. 1 Like |
Re: Forex Trade Alerts: Season 23 by zonall(m): 12:15pm On Oct 06, 2023 |
infofirst: ...opened Sir. Apologies. |
Re: Forex Trade Alerts: Season 23 by friendbee: 12:16pm On Oct 06, 2023 |
Not with me, that is what is expected but I dont understand. Gasive: |
Re: Forex Trade Alerts: Season 23 by charly20(m): 12:19pm On Oct 06, 2023 |
Riverrun: Next time? 😂😂 |
Re: Forex Trade Alerts: Season 23 by Donsheddy: 12:20pm On Oct 06, 2023 |
infofirst: Impatience and lack of discipline messing me up badly |
Re: Forex Trade Alerts: Season 23 by Gasive: 12:21pm On Oct 06, 2023 |
friendbee: I hope you get it now?
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Re: Forex Trade Alerts: Season 23 by Donsheddy: 12:22pm On Oct 06, 2023 |
infofirst: Better mind... E shock me... |
Re: Forex Trade Alerts: Season 23 by klinksd: 12:23pm On Oct 06, 2023 |
infofirst: 👍🏻 |
Re: Forex Trade Alerts: Season 23 by friendbee: 12:26pm On Oct 06, 2023 |
yes, I was on Wall Street 30 which I think is Us3o but the calculation is different, so I move to ndx Gasive: |
Re: Forex Trade Alerts: Season 23 by friendbee: 12:29pm On Oct 06, 2023 |
thanks. Gasive: |
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