₦airaland Forum

Bimmarlykay:
If you ask when to stay outta the market, then you need revisit Babypips ,,,cus there peeps who derive joy when market is ranging its all depends on strategy.


You simply stay out when your indicator or strategy haven't giving a signal its that simple.

You can also marry ADX indicator once that shit starts falling below 25(but i prefer 23) you stay out, till it starts rising again combined with your strategy then you press go button.

You can also trade reversal and retracement with the ADX,very powerful confluence tool.

LincolnOnyeabor:
Honestly!

Did my analysis over the weekend and realized that Gold would touch 2005-2006 area.

Can't believe I totally forgot what I analysed and was just working myself up throughout the week.

Davigle:
I was studying my previous week markups on gold and I really realize again the importance of the higher timeframes. I really should pay more attention to the higher timeframe...

#MMBM (market maker buy model)
CC: Samfelly

Jameselias:
No bi me and you
Hahahahaha 🏃🏃

kozmicity:
By moving SL and closing some lot sizes. For example, you open a trade of 0.1 lot size, you can decide to close some percentage of it say 0.05 lot. This leaves you with a running position of 0.05. And profit of 0.05 taken.

Elliotwaveforec:
Nigeria's CBN governor will be as powerful as BOJ's, BOE's, etc that if he says something, the Naira reacts heavily to it.

I remember when RBA Governor said that the fair value of Aussie shouldn't be above 8500, since then price hasn't surpassed that level; highest was 8134.

Nigeria's minister of Economy has said that the fair value of USDNGN is N700! With this statement, expect price to drop significantly below 700 to around 500; any correction afterwards should cap below the fair value as said by the Minister.

A drop below the line is expected.

Elliotwaveforec:
Nigeria's CBN governor will be as powerful as BOJ's, BOE's, etc that if he says something, the Naira reacts heavily to it.

I remember when RBA Governor said that the fair value of Aussie shouldn't be above 8500, since then price hasn't surpassed that level; highest was 8134.

Nigeria's minister of Economy has said that the fair value of USDNGN is N700! With this statement, expect price to drop significantly below 700 to around 500; any correction afterwards should cap below the fair value as said by the Minister.

A drop below the line is expected.

kozmicity:
By moving SL and closing some lot sizes. For example, you open a trade of 0.1 lot size, you can decide to close some percentage of it say 0.05 lot. This leaves you with a running position of 0.05. And profit of 0.05 taken.

Geovanni412:
If you are using minimum lot size, kozmicity's approach is the way to go

If you are using above the minimum lot size, you can break the order into two and set two different profit targets then as the move progresses, you adjust stop loss into profit area and sleep.

Alright sir

Thanks very much.

nzechu:
us30 will continue been bullish, my own opinion

Davigle:
Hello house it's the indisciplined trader here reporting and trying to hold myself accountable;
I have finally made my decision to stick with trading stock indices majorly the big three (ES-us500, NQ-us100 and YM-us30) and gold occasionally. I have been hoping from one asset class to another and that's one of my short comings which has plagued my trading. I also observed from the previous prop firms competition which I had participated, that I had more winning trades on indices than currencies. often times my analysis were right on the currencies but my trade execution were always poor which resulted in losses. but I find my trade setups much easier on indices than currencies. Also I love the volatility of indices which is much more better than currencies as I feel that currencies are too slow, because I am an intraday trader. And then lastly, trading indices fits my lifestyle at the moment, why because I am also a session trader, I trade mainly the New York AM and PM sessions which is around 1pm to 4pm and then 6pm to 9pm Nigerian time as this doesn't interfere with my job. I am a teacher and often times I find myself checking the charts even while I am teaching in class just so that I could catch a trade on currencies during the London session, which I know is very unethical of me. I no longer want to cheat on my work. my school closes at exactly 1pm which gives me the opportunity to trade without being worried of breaking work ethics. So I made up my mind going forward to focus only on indices and then build discipline, I am putting this here because I really want to be accountable and I also wanna grow as a trader to achieve consistency and become professional someday. Therefore I implore all elders to call me out when I get out of line.
cheers

Davigle:
Do you also use the 90minutes cycle by traderdaye
I concur with the XAMD ( reversal, accumulation, manipulation and then distribution), as it looks like price has reversed and it's consolidating on the 4h chart ...

Elliotwaveforec:
Nigeria's CBN governor will be as powerful as BOJ's, BOE's, etc that if he says something, the Naira reacts heavily to it.

I remember when RBA Governor said that the fair value of Aussie shouldn't be above 8500, since then price hasn't surpassed that level; highest was 8134.

Nigeria's minister of Economy has said that the fair value of USDNGN is N700! With this statement, expect price to drop significantly below 700 to around 500; any correction afterwards should cap below the fair value as said by the Minister.

A drop below the line is expected.

samfelly:
Abeg, make e never drop. Make I first withdraw big @ above NGN1,000 xchange first

Davigle:
Hello house it's the indisciplined trader here reporting and trying to hold myself accountable;
I have finally made my decision to stick with trading stock indices majorly the big three (ES-us500, NQ-us100 and YM-us30) and gold occasionally. I have been hoping from one asset class to another and that's one of my short comings which has plagued my trading. I also observed from the previous prop firms competition which I had participated, that I had more winning trades on indices than currencies. often times my analysis were right on the currencies but my trade execution were always poor which resulted in losses. but I find my trade setups much easier on indices than currencies. Also I love the volatility of indices which is much more better than currencies as I feel that currencies are too slow, because I am an intraday trader. And then lastly, trading indices fits my lifestyle at the moment, why because I am also a session trader, I trade mainly the New York AM and PM sessions which is around 1pm to 4pm and then 6pm to 9pm Nigerian time as this doesn't interfere with my job. I am a teacher and often times I find myself checking the charts even while I am teaching in class just so that I could catch a trade on currencies during the London session, which I know is very unethical of me. I no longer want to cheat on my work. my school closes at exactly 1pm which gives me the opportunity to trade without being worried of breaking work ethics. So I made up my mind going forward to focus only on indices and then build discipline, I am putting this here because I really want to be accountable and I also wanna grow as a trader to achieve consistency and become professional someday. Therefore I implore all elders to call me out when I get out of line.
cheers

Geovanni412:
Enemy of the country

Elliotwaveforec:
Nigeria's CBN governor will be as powerful as BOJ's, BOE's, etc that if he says something, the Naira reacts heavily to it.

I remember when RBA Governor said that the fair value of Aussie shouldn't be above 8500, since then price hasn't surpassed that level; highest was 8134.

Nigeria's minister of Economy has said that the fair value of USDNGN is N700! With this statement, expect price to drop significantly below 700 to around 500; any correction afterwards should cap below the fair value as said by the Minister.

A drop below the line is expected.

GabsonFX2:
US30 Last Friday's Analysis

I stayed on the side since Monday, but no clear swing entry was found, gold, silver, and US30. On the very last day of the week (Friday), I opened US30's weekly chart and found out I could apply my 2nd strategy which almost 90% of the time usually yields an accuracy (win rate) as high as 90% but wow US30 really really surprisingly closed as is on the weekly - very uncommon.

Uploaded is what I saw and could have yielded, if it did, then I might have seen thousands of pips.
My first strategy is a full swing trading which usually yields about a 70% win rate
My second is taking a pullback of a swing trading/trade swinging that is about 90% already completed with a win rate of about 90%.

Last Friday, I saw that US30 on the weekly was already zeroing out the first strategy that would have started on 24th of September, 6weeks after yielded about 1,700 pips. Last Friday, just one day, those 6weeks were almost zeroed out. Here is where my 2nd strategy would normally make good pips for me.

Surprisingly, the hard labour of a swing trader on the weekly who would have been on this swing for 6 weeks with already bagged 1,700 pips would have been zeroed out last Friday - almost impossible. US30 did it.

But anyways, it is what it is. I will take back that -ve in folds. I will return to the side, ONLY to execute my 1st strategy which would take another 3 to 4days to come up.

I checked gold and silver again, and hey, nothing is happening, no entry for another few more days.

I will not force any move, I will keep waiting until they come to me.

Immortal99:
the difference between BOJ,BOE,RBA and your CBN governor is that .... before RBA made that statement..... background team has calculated a lot of things concerning BOT balance of trade and other currency value metrics..... while your CBN governor fit be from Hilton e leave im babe rush come read wetin im secretary type for am ....

in fact im sure that na 1700 the secretary type.... e no see am well

Somehow truthful o, but funny

samfelly:
Year 2024 Anchor, please take note

Re: Forex Trade Alerts (and Discussions): Season 24

Re: Forex Trade Alerts (and Discussions): Season 24

Re: Forex Trade Alerts (and Discussions): Season 24

[color=#1986BC]Re: Forex Trade Alerts (and Discussions): Season 24[/color]

Or should it be (and Endless Discussions)?

abham:
Good evening, happy weekend to you all.

AU analysis: Weekly closed bullish while taking out PWL/H. Also, 03/11/22 low target has been hit. Next target is 13/10/22.

Bar chart technical are showing a weak sell, comm. are net long, while the hedging program is still at the extreme buys. IOF on the D1 is bearish from my own view. Weekly tf is heavily bearish and i will be looking for sells above Sunday op and Monday 6pm op.

us 30 target was reached.

Journal your trades.

Fxwarrior:
I feel you should choose one among US30, US100 and US500. I feel they have strong correlation.

Besides less is more. It's your decision though. Cheers.