₦airaland Forum

Davigle:
AJEH, you dey motivate me oooo, oya as you don motivate us like dis, con cut soap for us ooo, no be say you go just leave us ladis, con show us road ooo, make small pikin like me follow who know road
🏃🏿‍♂️ 🏃🏿‍♂️ 🏃🏿‍♂️

realone12:
Gold will likely sell to 1980

Petah:
I hail oo, the profitable traders in the house ( I am referring to everyone). I need help to understand the application of something.
Na watin be the relationship between dxy and us10y bond market?
And how he take dey affect EU, GU and NU?
God bless chiefs in the house.

realone12:
Gold will likely sell to 1980

Lanshile:
Please I want to check something out in last year FTA thread from June 05-09
Is there a way to reach that page without starting from January maybe a way to input a page number ratger than scrolling from the beginning of the page

JasonNOTStatham:
Paraphrase
Get $30 cash/credit when you purchase with Lark. There is a 5K account on $29 promo now. However feel free to purchase any account size you want.

Let me know, so I inform the lark team for your rewards.

geedot:
On your EA, selling EA immediately market opens seems a risky one to me, a more better selling position should be around that 1.68x resistance zone as it's pretty strong and market blowing past it without first dropping some bearish move to the next support is very unlikely.

I think the current drop is just a retracement to gain some momentum to find support at the 1.64× area before continuing the bullish move to retest that 1.68x resistance.
The first rr setup is higher but if market does decide to head up, it will blow past it easily as the trendline resistance to me is not strong enough.
Your second setup of rr is better as it will handle whatever drawdowns and avoiding SL hitting if EU final destination is heading downward. But if the market does as I predicted(i.e finding support before heading up to the next resistance), you are going to be tying funds down for weeks for a megre about 1:1.5rr with lot of swap fees inclusive.

With all these being said, is it not better to just wait for market to decide where it wants to go first, and you at the corner watching and ready to pull the trigger because you'd been waiting all along. This should give you easy 1:4rr with less stress of market fluctuations all over the place, since you'd be joining at the beginning of the downward move.

This EA analysis alone is already long enough, so I will stop here. All in all, I make trading decisions only at support and resistance levels. I usually have my bias as to what will happen whenever market gets there, and once it does(they always do trust me, I don't just know how long it will take them to do so), I watch for reactions around that area telling me my bias is holding(and if not, I wait for a retest of support-become-resistance (SBR/RBS) I'd been watching from and switch my bias to join the new bias formed). Or sometimes just set a buy/sell limit around the area if I don't have time to be monitoring particular market with a reasonable SL to prove to me my bias was wrong if blown past.

Patience to wait for days/weeks without trade because something clean enough hasn't shown on the chart, and eagerness to always be in a trade is what's affecting most traders. Tame it, and you are halfway through. Have a blessed week ahead.

JasonNOTStatham:
Still on, their promo discount still on... I received the $30 via Ethereum though, forgot to update. You may purchase any account size you like.

geedot:
On your EA, selling EA immediately market opens seems a risky one to me, a more better selling position should be around that 1.68x resistance zone as it's pretty strong and market blowing past it without first dropping some bearish move to the next support is very unlikely.

I think the current drop is just a retracement to gain some momentum to find support at the 1.64× area before continuing the bullish move to retest that 1.68x resistance.
The first rr setup is higher but if market does decide to head up, it will blow past it easily as the trendline resistance to me is not strong enough.
Your second setup of rr is better as it will handle whatever drawdowns and avoiding SL hitting if EU final destination is heading downward. But if the market does as I predicted(i.e finding support before heading up to the next resistance), you are going to be tying funds down for weeks for a megre about 1:1.5rr with lot of swap fees inclusive.

With all these being said, is it not better to just wait for market to decide where it wants to go first, and you at the corner watching and ready to pull the trigger because you'd been waiting all along. This should give you easy 1:4rr with less stress of market fluctuations all over the place, since you'd be joining at the beginning of the downward move.

This EA analysis alone is already long enough, so I will stop here. All in all, I make trading decisions only at support and resistance levels. I usually have my bias as to what will happen whenever market gets there, and once it does(they always do trust me, I don't just know how long it will take them to do so), I watch for reactions around that area telling me my bias is holding(and if not, I wait for a retest of support-become-resistance (SBR/RBS) I'd been watching from and switch my bias to join the new bias formed). Or sometimes just set a buy/sell limit around the area if I don't have time to be monitoring particular market with a reasonable SL to prove to me my bias was wrong if blown past.

Patience to wait for days/weeks without trade because something clean enough hasn't shown on the chart, and eagerness to always be in a trade is what's affecting most traders. Tame it, and you are halfway through. Have a blessed week ahead.

geedot:
On your EA, selling EA immediately market opens seems a risky one to me, a more better selling position should be around that 1.68x resistance zone as it's pretty strong and market blowing past it without first dropping some bearish move to the next support is very unlikely.

I think the current drop is just a retracement to gain some momentum to find support at the 1.64× area before continuing the bullish move to retest that 1.68x resistance.
The first rr setup is higher but if market does decide to head up, it will blow past it easily as the trendline resistance to me is not strong enough.
Your second setup of rr is better as it will handle whatever drawdowns and avoiding SL hitting if EU final destination is heading downward. But if the market does as I predicted(i.e finding support before heading up to the next resistance), you are going to be tying funds down for weeks for a megre about 1:1.5rr with lot of swap fees inclusive.

With all these being said, is it not better to just wait for market to decide where it wants to go first, and you at the corner watching and ready to pull the trigger because you'd been waiting all along. This should give you easy 1:4rr with less stress of market fluctuations all over the place, since you'd be joining at the beginning of the downward move.

This EA analysis alone is already long enough, so I will stop here. All in all, I make trading decisions only at support and resistance levels. I usually have my bias as to what will happen whenever market gets there, and once it does(they always do trust me, I don't just know how long it will take them to do so), I watch for reactions around that area telling me my bias is holding(and if not, I wait for a retest of support-become-resistance (SBR/RBS) I'd been watching from and switch my bias to join the new bias formed). Or sometimes just set a buy/sell limit around the area if I don't have time to be monitoring particular market with a reasonable SL to prove to me my bias was wrong if blown past.

Patience to wait for days/weeks without trade because something clean enough hasn't shown on the chart, and eagerness to always be in a trade is what's affecting most traders. Tame it, and you are halfway through. Have a blessed week ahead.

klinksd:
AUDUSD {Sell}

E: 0.6579
S: 0.6612
T: 0.6429

...may the blue pips be with us. 🥂

klinksd:
This was a slightly early entry; closer review presents an optimal price for this entry higher up.

I will wait for the current entry to be retested, then I will close the current trade or extend the current SL.

The new entry...👇

SELL LIMIT
E: 0.6612
S: 0.6623
T: 0.6524

Congrats @Donsheddy.

klinksd:
This was a slightly early entry; closer review presents an optimal price for this entry higher up.

I will wait for the current entry to be retested, then I will close the current trade or extend the current SL.

The new entry...👇

SELL LIMIT
E: 0.6612
S: 0.6623
T: 0.6524

Congrats @Donsheddy.

Geovanni412:
Looking at swing trading setups, I have a question...

Is it more profitable to look for bullish swing setups than bearish setups?

I ask this because I notice that bearish setups on eurusd tend to become range trends with deep retracements before getting to their targets whereas bullish markets do not have very deep retracements.

I also noticed that getting the low of the bullish market is slightly more predictable compared to finding the high of the bearish market

What do you think?

Davigle:
Let me simply put it this way, the bond market can simply be divided into two, bond yields and bond prices. bond yields are the rate of interest that's being paid for owning a particular bond or debt instrument for a particular duration. the duration of the bond varies eg, 5 year, 10 year, 30 year etc, the yield varies across the various bond durations. and the bond prices is the price or amount to be paid inorder to purchase a bond. the bond yields and bond prices are inversely correlated, so that means that when bond yields rises, bond prices falls, and vice versa. Now the bond yields and the dollar index has a positive correlation meaning that when bond yields rises, the dollar index rises also and vice versa also. The reason why bond yields rise or fall is because it is directly influenced by interest rate decisions. So when central banks raises interest rates (quantitative tightening), the effect can be seen in thea bond market as this will cause the bond yields to rise or rally, and also bond yields will fall when central banks cut down interests rate (quantitative easing). Investors use the bond yields in conjunction with other tools to track interest rate decisions of central banks and also because of the strong correlation with the dollar, when bond yields are declining heavily, we can definitely see a decline in the dollar as a result of the heavy selloff in the bond market... and lastly since we know that dollar has a negative correlation with EU, GU and all xxxusd pairs, the same negative correlation applies to the bond yields i.e bond prices have a positive correlation with foreign currencies...

Donsheddy:
Ah boss this one you're congratulating me sir

Kaybee7000:
Sorry chief ,y don't use wait for chart patter around 665:667 ?



My observation though

Geovanni412:
Boss, how does this work?

Do we need to purchase the acct through ya link to qualify?

klinksd:
...the vawulence master.

...your observation is very valid bro.

...there is a flip zone structure confirmed in M5 for that level from my analysis; for H4 or Daily, I would go for 0.6650-0.6670 like you said.

I might be wrong though.

...thanks for the feedback bro.

What is your view on GU, Gold?

Kaybee7000:
Am not trading GU and XAU this week

geedot:
There's no way to find a fixed RR my brother. Since I'm a staunch R&S follower, the next TP for me is the next support/resistance. Market moves from zone to zone most of the time. For example, in a bullish market, if market successfully breaks a resistance and able to turn it to stay above the broken resistance, you can be rest assured the market is heading to the next resistance. No one knows how long it's gonna take, but most of the time, it's heading there.

So after this knowledge, the next thing is how to draw concrete supports and resistances. I will recommend downloading Forex mastery by Dapo Willis. The guy is a goat!

Trading is so easy, just draw them down and start watching for moves around them, using the weekly to check where market is really heading, and go daily to wait at the next bustop which is the Support and Resistance.

This is how most of my trades look like, when I'm planning on going bullish on a pair based on my weekly bias, I just wait for it to hit my SorR on the daily and bounce, then I join. Look at the Gold, see how it respected the S&R zones? I'm just waiting for it to hit that purple horizontal line before going long, or hitting that pink downwards arrow zone before going short.


I Should have longed gold at that bounce on the support on Thursday, but I don't trust supports that were formed by a resistance as much as I trust the one formed as support in the past. I mean when market is tanking down, it's very easy for them to ignore a newly formed support that was initially a resistance and blast through it. But the good side is that, most time when it does, just wait at a former support that has supported in the past at least once, it's gonna react when it gets to it.
These are daily charts by the way, on EU I'm waiting for a retest of the support so I can join the bus and ride it up to the next zone, should give me about 1:3rr hopefully.

realone12:
Gold will likely sell to 1980