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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts / Discussions: Season 24 (151325 Views)
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Re: Forex Trade Alerts / Discussions: Season 24 by greatcheer(f): 10:04pm On Jan 17 |
Maculadensa002: 1:100 is fine that's like the standard if u want to go lower 1:50 just depends on your trading style |
Re: Forex Trade Alerts / Discussions: Season 24 by christianjoy(m): 10:19pm On Jan 17 |
Wow GabsonFX2: 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by PriceActionZ: 10:44pm On Jan 17 |
GabsonFX2:when you are good, you are good.. From the days of pipsbasketing, you never change. Kudos to you bro. More wins. Tjis is how to build a million dollar strategy and be ripping your 4 figures returns monthly. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 11:54pm On Jan 17 |
Davigle: GU closed for a very small loss, and usoil closed near to break even, all positions fully closed and I am back to the sidelines |
Re: Forex Trade Alerts / Discussions: Season 24 by wuyexzy01: 12:04am On Jan 18 |
GabsonFX2:GO HARD OR GO HOME O! 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 12:12am On Jan 18 |
bnanny: Hello bro, I must confess that I am not as good as you may think I am, because I still have a long way to go in mastering fundamental analysis, I recently started learning it in October last year through YouTube videos and also by studying twitter post from three traders who are all versed in fundamental analysis, they are yusuftrader1, kenfxfreak and capital hungry, funnily each of them belong to a different technical school, yusuf is an ICT concepts day trader, while kenfx is a swing trader who trades demand and supply, and capital hungry is a scalper who also trades demand and supply too, but all three of them are masters when it comes to fundamental analysis. I also read market related news on the weekend and I listen to certain podcast which host guys from the investment bank or hedge fund industry, where they discuss macroeconomic topics, dissecting issues from central banks policies to geopolitical events and the potential implications in the markets... And then lastly, during the weekends, I also take note of all the important economic news release that will be coming in the week ahead and then I go through the previous release and study it on my chart, how the data affected price, was price action bullish or bearish before the news release, was there any signal that price made before the news release or after the news release... I am willing to help you out in any way I can, but I must honestly let you know upfront that I haven't mastered fundamental analysis... if you clarification, hint or help in any way, just ask or post it here so that others to can benefit too 3 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by Konquest: 1:36am On Jan 18 |
Geovanni412:Foundational. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 2:57am On Jan 18 |
1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 3:16am On Jan 18 |
6 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by wuyexzy01: 3:26am On Jan 18 |
GabsonFX2:Egbon ko easy o! Been tryna set things up offline ni o! I'm a badass flipper!!! Ha! Pls dnt compare me with that donsheddy guy! He is not sure of himself. 6mnth to pass a challenge abi wetin b d nonsense he put up some months back. His fear of loosing is far greater than his excitement of winning! Take risk as many as you can, this is the secret to success! 4 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 4:01am On Jan 18 |
1 Like 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 5:06am On Jan 18 |
Is there anything as frustrating as these The other day, I was stopped out by just 3 pips and market fled to all my TP, i.e if I had extend the SL by just 3 pips, I would have ended with 2.2% profit Few days ago I exited a trade at BE only for market reverse heavily to TP after being stopped out Yesterday I placed this trade on Audchf, I was confident about the setup that I decided add one more and stay away from the chart till this morning only for me to wake up to see that my TP didn't hit by few pips despite how Conservative I made it. God please forgive me if I'm being punished for a sin with all these happenings 2 Likes 1 Share
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Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 5:08am On Jan 18 |
1 Like 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by nzechu(m): 5:11am On Jan 18 |
Trade already picked since, I wasn't following it. Finding entry is now the problem. But if i can get entry, I can follow it to 423 Witchcraftfx practitioner
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Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 5:52am On Jan 18 |
GabsonFX2: Soft |
Re: Forex Trade Alerts / Discussions: Season 24 by Kaybee7000(m): 6:06am On Jan 18 |
wuyexzy01: Although I understood ur msg clearly but there are thousands ways of sending it better than this chief,this looks insulting sincerely,see u guyz payouts soon by God grace,we shall get there boss 6 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 6:09am On Jan 18 |
dmahn: Calm down Do you know the statistics for the pair, Audchf you are trading? Can you tell how often it hits 20 pips and holds the level in a day or is it sth that it typically hits and reverse? Go to myfxbook and check historical data on 4h chart and adjust your expectations accordingly I'll give you an example, I downloaded xauusd historical data for 4 months on the chart and what I saw was this... Lemme use ydae, that move xauusd made from 2021 to 2004 is not normal. The stats showed me that xauusd can go several days and on average may move like 7 points from open to close ie 2021 to 2014. That type of move of 10-17 points is only frequently gotten for an intraday trader, data makes sense because xauusd just like other pairs tends to range, so it is only normal for the market to move by 10-17 points and make low or high of day then retrace by 5-10 points or more to close for the day From that data, I know that if I want to be a swing trader targeting 20-40 points move on gold say 2040 to 2010, the reasonable expectation I should have is that I need to wait at least 3-7 days for the move to complete. After you download and analyse similar data on audchf and consider effect of aud news releases on it, Then you need to decide on when to trade... Are you targeting London/ Asian/new york open or last 4 hrs of London/ Asian/ NY? Which timeline favours the risk: reward you want on the pair? 3 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by Riverrun: 6:33am On Jan 18 |
Kaybee7000: Quite unfortunate I tell you. Most human come to a point they think they are what they are not then become unnecessarily arrogant. They forget the days of little beginning then go about denigrating others. @donsheddy, you are good in your own way. Don't let anyone make you feel otherwise. We can't all be Ferrari, some of us would be Mercedes, some Toyota. The most important thing is we all get to our destinations just a little time difference. 10 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 6:38am On Jan 18 |
Geovanni412: I don't do all these complexities cheif. I don't even understand how I'm supposed to do all those things you listed. I'm a pure S&R trader, I sell when in a sell zone and take profit at the next buy zone. I was expecting that low to be taken out, if I want to be agressive at the tp, I will place it slightly below the h1 low.. But I was very conservative by placing the tp before the low, it's just one of those unlucky days... Look at the screenshot again cheif.. The reason why TP doesn't hit is yet to be known
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Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 7:05am On Jan 18 |
dmahn: Complexities are needed to manage expectations in a business The reason your tp wasn't hit was news and the unique behavior of the pair you trade around 1am ngn time where it tends to gap down or upwards and may reverse quickly 1am ngn time, aud employment news was released. If you had checked for this, perhaps you'd have limited your risk. Another thing, you are trading audchf which has an atr of 40 pips and you are holding it overnight for 20 pips...during the slowest period of the market with high chance of range reversal on the pair you traded See snapshot below...all big trend bars with gaps on chart happened overnight. It is a pair reliant on aud news, why don't you try trading it towards the Sydney close, which is 2:30 am-5 am ngn time and towards London close, 3pm to 5pm ngn time. Check chart behaviour during those times on h1 , especially towards the Sydney close . 1 Like
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Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 7:07am On Jan 18 |
GabsonFX2: 💯💯 Im already working on it... I go no where i must figure this stuff out.. Thanks bro... Congratulations once more 5 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by DXYY: 7:08am On Jan 18 |
Riverrun: Well said 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 7:09am On Jan 18 |
Kaybee7000: Amen oh... Definitely the plan and goal.... 2 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 7:10am On Jan 18 |
Riverrun: Thanks for the motivation bro... Who no know no go know.... 3 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by wuyexzy01: 7:21am On Jan 18 |
Kaybee7000:Boss no mind me jare!!! I'm saying this from a good heart. I intentionally chose this way so my message can get home gan gan!!! As for the other guy at the top na olofofo he be! God bless you and bless don!!! 2 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by realone12(m): 7:43am On Jan 18 |
GabsonFX2:see evaluation wey hard gan.. na em person dey pass like this.. congratulations sire.. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 7:48am On Jan 18 |
Geovanni412: OK boss. I ll work on that... Thanks so much for your input |
Re: Forex Trade Alerts / Discussions: Season 24 by Nwadaka: 8:08am On Jan 18 |
Donsheddy: You are on the right track bro. My last $200k TFT account took me about 3month and 2weeks to passed. TFT has been bombarding me with mails and lots of goodies just to interview me, I have made more than a manager that is receiving 1M monthly will get in a year and dz is account i received last December. The goal is to make consistent money and help your loved one.# Motivation 9 Likes 1 Share
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Re: Forex Trade Alerts / Discussions: Season 24 by realone12(m): 8:21am On Jan 18 |
GabsonFX2:I I have always been a "GO HARD" trader, probably the reason why your school of thought is the most favourable to me.. but boss, I hope I don't disappoint you oh.. coz its very possible And likely.. i live life on the fast Lane. 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by Bimmarlykay(m): 8:36am On Jan 18 |
Us100 now back to my entry ..lets say am still getting use to overnight trades like PeterEgwu and Million BTC am always tempted to close after seeing profit that 1H will hardly give,but that makes it more intriguing. Will just add another sell position the sink is inevitable. 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by nzechu(m): 8:40am On Jan 18 |
Pls give me mind to enter a sell from here. Even with this bullish pressure. Selling to 423, so help me God.
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