adesiku:

3. Max of two open trades

4. Make a trade mapping for the day

5. No big Stop Loss( Max. 30-40 pips)

6. Sell from the high, Buy from the low

7. Every stop loss for a buy must be placed under a support zone and vice versa

Please, you can also try adding additional 10pips to your SL under/above your mapped support/resistance because I've seen it happend so many times during this my short duration, one long annoying wick striking the SR before moving towards the intended direction. You won't want to be stopped out because of a tight SL, before market heads towards your TP.

Or instead of adding additional pips to your SL, you can just wait for market to move against your point of entry by the additional pips before entering. Most traders set SLs too close around the SR, most traders are not profitable, we have to do things slightly differently to become more profitable. We'll get there one way or the other; we can only hope to get there sooner than expected.

Gasive:

I believe it's DD.

Sorry about that Boss.

With Israel war, there should be a gap market open

adesiku:

8. Always check the news (Chai, this thing show me shege)

9. Always check for possible reversal.

So help me God

First thing every Monday morning I dey write all the week Red news with the time on paper I dey carry it around before placing any trade I go glance through it.

Cashhy11:
Please, you can also try adding additional 10pips to your SL under/above your mapped support/resistance because I've seen it happend so many times during this my short duration, one long annoying wick striking the SR before moving towards the intended direction. You won't want to be stopped out because of a tight SL, before market heads towards your TP.

Or instead of adding additional pips to your SL, you can just wait for market to move against your point of entry by the additional pips before entering. Most traders set SLs too close around the SR, most traders are not profitable, we have to do things slightly differently to become more profitable. We'll get there one way or the other; we can only hope to get there sooner than expected.

Sure, that's my intention

tunji2003:


First thing every Monday morning I dey write all the week Red news with the time on paper I dey carry it around before placing any trade I go glance through it.

lol, very necessary. Friday news show me pepper.

Are you a price action trader?

tunji2003:


First thing every Monday morning I dey write all the week Red news with the time on paper I dey carry it around before placing any trade I go glance through it.

Don't avoid all red folder news,avoid CPI and NFP.simple

adesiku:
lol, very necessary. Friday news show me pepper.

Ibrahimlagosian:
Don't avoid all red folder news,avoid CPI and NFP.simple

and Powell speech

Interesting video if you are looking for a way to find better risk:reward ratios

Summary of video: use higher tf (4h) to find direction then use 15 min chart to detect when market structure is changing before you go on to 5min or 1 min chart to pick tight entry. This will eliminate many fake and mistimed entries from your setups.

https://www.youtube.com/watch?v=TsgdZGk467c?si=uvTyFpsME3AMgDEQ

Ibrahimlagosian:
Are you a price action trader?

Yes pure Candlestick with horizontal lines or trendlines for breakouts using basic ICT concept no any indicator candlesticks are my indicator.

Geovanni412:
Interesting video if you are looking for a way to find better risk:reward ratios

Summary of video: use higher tf (4h) to find direction then use 15 min chart to detect when market structure is changing before you go on to 5min or 1 min chart to pick tight entry. This will eliminate many fake and mistimed entries from your setups.

https://www.youtube.com/watch?v=TsgdZGk467c?si=uvTyFpsME3AMgDEQ

This is for scalpers

Are you a scalper? Who operates only when there's volatility in certain sessions?

VeeVeeMyLuv:

This is for scalpers

Are you a scalper? Who operates only when there's volatility in certain sessions?

Nah, I think it applies to day traders too.

Until at least 3-4 hrs has passed at that zone, you won't find a setup looking at the 15 min chart that will give good risk: reward ratio most of the time.

Cashhy11:
Please, you can also try adding additional 10pips to your SL under/above your mapped support/resistance because I've seen it happend so many times during this my short duration, one long annoying wick striking the SR before moving towards the intended direction. You won't want to be stopped out because of a tight SL, before market heads towards your TP.

Or instead of adding additional pips to your SL, you can just wait for market to move against your point of entry by the additional pips before entering. Most traders set SLs too close around the SR, most traders are not profitable, we have to do things slightly differently to become more profitable. We'll get there one way or the other; we can only hope to get there sooner than expected.

You are right, bro. When Price gets to an area that I want to execute my trade, I simply wait for a change of character to occur on the lower timeframe before making the execution.

Dedicating through the wire by Kanye west for you guys that are in the fta competition.
For now I keep improving my strategy and learn how to sync my account to fxblue.

Jameselias:
and Powell speech

Not all Powell's speech have high impact. Majorly FOMC.

With the Present War in Israel Vs Palestine, Fundamentally I'm seeing Gold Having a Rally up as Investors will likely Dump the $$$ for it.

Boss GabsonFX2, what do you think??

Gold is starting to look like the Second Pair I'd master. I've being drawn to it in recent times sha.

Any Gold traders here, care to share your Trading Biases with us sirs??

My Bias for this Week on EU is there's gonna be a Buy till around 1.06500 Key Level before there will be a Sell till like 1.04500 and if this level doesn't hold then, it will fall of till 1.02000 area.

But with the War in Israel, $$$ likely to drop, This Past week's Closed as a Bullish Pinbar, I'm thinking Price would make a rally above the 1.06500 area.

Still learning and Open to other views.

Thanks to all the Bosses here.

LincolnOnyeabor:


But with the War in Israel, $$$ likely to drop,

If you could explain this bit for me, I'd really appreciate it.

LincolnOnyeabor:
With the Present War in Israel Vs Palestine, Fundamentally I'm seeing Gold Having a Rally up as Investors will likely Dump the $$$ for it.

Boss GabsonFX2, what do you think??

Gold is starting to look like the Second Pair I'd master. I've being drawn to it in recent times sha.

Any Gold traders here, care to share your Trading Biases with us sirs??

I believe gold will gap up at market opening today.
My own opinion is the war is just starting going by what we saw in the news, Lebanon (Hezbollah) had supported and launch an offensive at Israel around Sheba farms.
Recall that they are the 2nd in holding gold reserves after Saudi Arabia in middle East.
Egypt had already attacked and killed 2 isreali tourist in Egypt in addition to Iran supporting Hamas(Palestine).

It's a sure bet that Isreal will respond accordingly to all this attacks.

Interesting weeks ahead as I believe gold market in the Middle East will be slightly not accessible in the coming weeks which inturn create some demand in gold market.
The West have many investor of Jewish origin who may want to turn quickly towards safe haven assets like gold,silver, Swiss franc etc.
I believe strongly in a gold rising quickly.

LincolnOnyeabor:
My Bias for this Week on EU is there's gonna be a Buy till around 1.06500 Key Level before there will be a Sell till like 1.04500 and if this level doesn't hold then, it will fall of till 1.02000 area.

But with the War in Israel, $$$ likely to drop, This Past week's Closed as a Bullish Pinbar, I'm thinking Price would make a rally above the 1.06500 area.

Still learning and Open to other views.

Thanks to all the Bosses here.

Fade that pinbar, and sell.

It’s important to remember that as traders, we are participants in the market, not its architects. The market operates according to its own algorithm, influenced by countless factors, economic events, and the collective actions of all participants.

We cannot change the market’s fundamental nature or its inherent unpredictability. However, what we can control is how we interact with it. We can develop strategies, manage risk, and make decisions based on analysis and research.

Instead of trying to change the market, focus on adapting to it. Understand its patterns, learn from its history, and align your trading strategies with its dynamics. The most successful traders are those who recognize their limitations and work within the framework of the market, not against it.

In the face of uncertainty, patience, discipline, and resilience are your greatest assets. Embrace these qualities, and you’ll find that even though you can’t change the market’s algorithm, you can navigate it with skill and, over time, achieve your financial goals.

So, let’s approach each trading day with humility and determination, knowing that while we can’t change the market’s algorithm, we can MASTER the ART of trading within it.

Think about trading as a puzzle to solve,
With patterns and trends that continually evolve.

Think about trading as a balance of risk,
Where caution and strategy are your greatest defense.

Think about trading as a test of your nerve,
For emotions can sway, and it's courage you must preserve.

Think about trading as a lifelong pursuit,
Where learning and adapting are the trader's true fruit.

Think about trading as a game of the mind,
Where discipline and patience, in success, you will find.

Think about trading as a path you must tread,
With every trade teaching lessons, both good and bad.

Think about trading as a journey, it's true,
With each step you take, you're forging the you.

Think about trading as more than just gain,
It's a journey of knowledge, where wisdom you'll gain.


All copied from
Sabii-gal

AK284:


I believe gold will gap up at market opening today.
My own opinion is the war is just starting going by what we saw in the news, Lebanon (Hezbollah) had supported and launch an offensive at Israel around Sheba farms.
Recall that they are the 2nd in holding gold reserves after Saudi Arabia in middle East.
Egypt had already attacked and killed 2 isreali tourist in Egypt in addition to Iran supporting Hamas(Palestine).

It's a sure bet that Isreal will respond accordingly to all this attacks.

Interesting weeks ahead as I believe gold market in the Middle East will be slightly not accessible in the coming weeks which inturn create some demand in gold market.
The West have many investor of Jewish origin who may want to turn quickly towards safe haven assets like gold,silver, Swiss franc etc.
I believe strongly in a gold rising quickly.

Where did you see all this attacks especially the Egypt killing 2 tourist and Lebanon launching an attack
Make the thing no come be media propaganda besides dont be focused on how the effect of the news will react at market open cos they are not expecting traders to jump into the market at the open of the market.
High impact news which occured during the weekend always have effect on the 3rd candle on Monday which is London session
You can check out the news of FED announcement of 12 and 19th march 2023 on the 13-03-2023 08:00and 20-03-2023 08:00 candles
Check how it affected the candles and caused huge volatility especially on jpy pairs

charly20:



If you could explain this bit for me, I'd really appreciate it.

Thus far, Currencies have been Selling cause the $$$ has been strong all through.

Now, with the War in Israel, Investors tend to loose faith in $$ as a store of value and will look for the next Safest place to Store their Assets which are Gold, Silver, Diamond ,and even B i t coin. B i t coin even broke through 28K over the weekend which shows that Investors are pushing funds in their.

It's Fundamental Analysis sir. Still learning sha oooo

LincolnOnyeabor:


Thus far, Currencies have been Selling cause the $$$ has been strong all through.

Now, with the War in Israel, Investors tend to loose faith in $$ as a store of value and will look for the next Safest place to Store their Assets which are Gold, Silver, Diamond ,and even B i t coin. B i t coin even broke through 28K over the weekend which shows that Investors are pushing funds in their.

It's Fundamental Analysis sir. Still learning sha oooo

I have only very little knowledge of fundamentals and I'm receptive to new information.

Thank you.

Theyoungmaster, how's it going?

Kaesyrn? It's been ages, man.

Piptocoin, I'm paging for the second time. Hope all is well?

Copyjoe showed his face and disappeared again. How far na, boss?

Boss Eddie (I hope I got this spelling right ), All is well?

Netvaluefx just left us like that.

Aluspecialty was carrying first in competition and we have not heard from him again.

If una dey use alternate monikers, I'm only sending my best regards.

dmahn:


Deep. I got this point clearly boss.. But I think it's just because of the dynamic nature of these business. Imagine for example, Elliotwave wey do close to 20% on TFT last month end up in DQ this month, do we say he doesn't know his balls anymore? I'm sure it's a no. Donsheddy passing his phase 1 of 2 of his prop account isn't luck, he obviously knows what he's doing but now on a negative.. What could be wrong? ...... Now going back to the knowledge part sire, I'm sure alot of people here have undergone one training or the other just to have an edge but sometimes the edge doesn't edge right... The successful traders are not willing to share their knowledge to the novice not because of greed, but because nothin is sure... The sure strategy of yesterday might be useless today.... What is the way forward sire... How can we benefit from the experienced traders on this thread to make the journey to success shorter...

Succesful traders aren't willing to share their strategy not because they are greedy but because nothing is sure this point you made is absolutely correct. Again people go up and down in the market simply because they are greedy and impatient. If it's unclear where the chart would go then wait for the market to unfold further and further then you can have an idea of where the day's trend is moving, wait for a pullback to get a better entry.

charly20:
Theyoungmaster, how's it going?

Kaesyrn? It's been ages, man.

Piptocoin, I'm paging for the second time. Hope all is well?

Copyjoe showed his face and disappeared again. How far na, boss?

Boss Eddie (I hope I got this spelling right ), All is well?

Netvaluefx just left us like that.

Aluspecialty was carrying first in competition and we have not heard from him again.

If una dey uses alternate monikers, I'm only sending my best regards.

My oga

I dey gallant.

Na December I go return to forex. I'm occupied with some activities at the moment that won't allow me to be emotionally stable with the chart.

I'm never going to give up on forex.

CopyJoe:


My oga

I dey gallant.

Na December I go return to forex. I'm occupied with some activities at the moment that won't allow me to be emotionally stable with the chart.

I'm never going to give up on forex.

Bless up 🙏

Lanshile:

[b]Where did you see all this attacks especially the Egypt killing 2 tourist and Lebanon launching an attack
Make the thing no come be media propaganda besides dont [/b]be focused on how the effect of the news will react at market open cos they are not expecting traders to jump into the market at the open of the market.
High impact news which occured during the weekend always have effect on the 3rd candle on Monday which is London session
You can check out the news of FED announcement of 12 and 19th march 2023 on the 13-03-2023 08:00and 20-03-2023 08:00 candles
Check how it affected the candles and caused huge volatility especially on jpy pairs

believe you will agreed with me that it's the fundamentals(news) that always move the candles and charts that we focus on every trading day.
The real challenge is interpretation and how markets respond to this news.

I don't really understand what you mean by propagandas but before I put an information out on a forum like this I am pretty sure of it.
Those news up there is on all major international news media ; CNN,EURONEWS,ALJEEZERA e.t.c

Evening house, I'm saying a big thanks to every one for their kind response. Honestly Fridays price action bleeped my psychology but nevertheless we mueve after every market shege...

So here's my bias for the week

DXY