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Forex Trade Alerts / Discussions: Season 24 - Business (83) - Nairaland

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Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 7:53pm On Feb 03
abham:
It is sad to read something like this, the account is barely two weeks and I you likely traded it like itโ€™s a competition account.
Kaybe7000 and Infofirst are being blunt with the truth.

I think we all should be blunt with the truth too, knowing the cost of living and how this industry is difficult.
I still have my alpha 5k account and only 3 trades has been taken so far.
No need to rush. Do well to journal your trades, when you do, there will be improvements even if you donโ€™t go back to read it from time to time but your mind will reflect back to it and you will most likely not repeat the same mistake but I will advice you go over your journals every weekend as you backtest.



dmahn and nzechu why are both of you exhibiting imposter syndrome when dropping your analysis, you guys are great analysts.


Congratulations the only female active among us. ๐Ÿ‘๐Ÿพ๐Ÿ‘๐Ÿพ๐Ÿ‘๐Ÿพ


Man, youโ€™re good.



Sam Iโ€™m sorry you lost an account, hopefully you fail forward. I hope you do journal your trades?



This is phenomenal, you are doing great and enjoying the fruit of your Labour. Your charts here are eye opening too for those who knows what they are looking for.




Congratulations achieving this.


Thanks boss. Constantly working towards having the confidence and discipline I need to succeed.
Re: Forex Trade Alerts / Discussions: Season 24 by LaconicINC: 8:07pm On Feb 03
Succhris:


Odiaero the scammer

Lolz you are a grandpa in this thread, that big time scammer

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by LaconicINC: 8:08pm On Feb 03
Elliotwaveforec:

Good news! We now have a working CBN, enough of multiple exchange rates; Fintechs and Binance can't continue determining our exchange rates.

If you want trade currencies, don't trade against Naira; trade EU, GU etc.

Lazy Abokis too should be kicked out of business and arrested if found with Dollars.

Naira is our currency and should be spent and not replaced with Dollar.
let's see how things pan out, you know Nigerians will always find a way
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 8:09pm On Feb 03
abham:
It is sad to read something like this, the account is barely two weeks and I you likely traded it like itโ€™s a competition account.
Kaybe7000 and Infofirst are being blunt with the truth.

I think we all should be blunt with the truth too, knowing the cost of living and how this industry is difficult.
I still have my alpha 5k account and only 3 trades has been taken so far.
No need to rush. Do well to journal your trades, when you do, there will be improvements even if you donโ€™t go back to read it from time to time but your mind will reflect back to it and you will most likely not repeat the same mistake but I will advice you go over your journals every weekend as you backtest.



dmahn and nzechu why are both of you exhibiting imposter syndrome when dropping your analysis, you guys are great analysts.


Congratulations the only female active among us. ๐Ÿ‘๐Ÿพ๐Ÿ‘๐Ÿพ๐Ÿ‘๐Ÿพ


Man, youโ€™re good.



Sam Iโ€™m sorry you lost an account, hopefully you fail forward. I hope you do journal your trades?



This is phenomenal, you are doing great and enjoying the fruit of your Labour. Your charts here are eye opening too for those who knows what they are looking for.




Congratulations achieving this.


Thank you, my boss. I go use how body dey itch me go scratch body. Now nah, body don peel
Re: Forex Trade Alerts / Discussions: Season 24 by LaconicINC: 8:09pm On Feb 03
EASYLIFE4US:

Yawa don gas be dat. Revolution loading
I am telling you, except for prop firms that offer direct crypto withdrawals, example would be MFFX
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 8:10pm On Feb 03
Succhris:


Odiaero the scammer

"Are we there yet"

cheesy grin
Re: Forex Trade Alerts / Discussions: Season 24 by Puremark(m): 8:53pm On Feb 03
Davigled:


I still have my 5ers acct although still in draw down but I am slow crawling out of it, once I get out of it, it would be the third time I am coming out of draw down to breakeven. I even had to create a trade explorer for the account so that I can better track my performance. Slow and steady is the path I chose to follow and that's why I don't trade more than 0.01 lot on the account and allow risk to reward work it's magic.

I also did not Hussle for alpha capital account
you don make 10% on February competition .na boss you be ooo.within 2 days.
Re: Forex Trade Alerts / Discussions: Season 24 by Puremark(m): 9:01pm On Feb 03
Davigled:
Gold bearish

US30 bullish
us 30 dey resistance zone..gold dey support level.
Gold might gap up due to strike carry out by us military on Iran backed terrorist at Iraq. My view and analysis
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 9:05pm On Feb 03
abham:
Monthly is bearish and a 20D BSL is traded through and rejected, price will seek the Low/20D SSL.

And notice ZF had a larger down candle than ZB on D1 after it hit MN level.

Davigled


I'd say that we are definitely seeing the same thing.

on ZF; the low of Thur 25 Jan 24 is the next draw on liquidity for the 20 day IPDA, while the low of Mon 11 Dec 23 is also the draw on liquidity for the 40 day IPDA which coincides with a daily volume imbalance which is nested within a weekly BISI and monthly BISI. I'd say SSL resides there and IPDA is going to seek it for the next 20 to 40 days. You may wanna check ZN, ZF and ZT on the 4h chart, there's an SMT divergence on the three, as ZN made HL, ZF made slightly HL or relative equal lows, and ZT made LL, the crack in correlation between the three. so there maybe a pullback to rebalance the inefficiency on the 4h chart (the SIBI) b4 price goes for SSL.
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 9:08pm On Feb 03
Puremark:
you don make 10% on February competition .na boss you be ooo.within 2 days.

baba no reason am oh, NFP played out according to my analysis and I also added more positions as price went in my favor while moving my stop to BE on the first trade. I'd say it was a lucky trade
Re: Forex Trade Alerts / Discussions: Season 24 by Petah(m): 9:08pm On Feb 03
MONEY247:
Some things that makes traders Fail is the addiction that comes with, the storms of inconsistent price movements that rattles our emotions and feelings to show off....

Meanwhile we need to be calm always
Treat the market with simplicity, (stop the abuse of always going and going over the chart, trading is not a curse) ..
If you know what you are doing, you would careless on price movements, and focus more on the basis of your entry.

If there's something I have learnt overtime here, it's the way gabsonfx treats the market,, he waits sometimes for 2-3 even 4 days to execute trades...

That's a trader....
Mindset comes into play..in everything
. trading is a mirror that reflects our lives......

As my mentor would always say,( Jeffrey Benson) the market is not running away.... and in addition relax, rinse and repeat....



Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 9:16pm On Feb 03
boom99:

Don abeg how do I go about give aways in TFT? I have been verified but I don't know how to go about being active. Any hint?

It requires a whole lot of patience and time and money. All you need to do is to be chatting up and down in the discussion room. Answering questions asked by others. Another easiest way of grabbing free account is being in any LIVE activities, like live podcast, either in youtube or in discord, itself. And talking about engaging in LIVE actions, keep data money aside.

So, you see say E No Easy o (that song by P. Square) cheesy

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 9:20pm On Feb 03
Puremark:
us 30 dey resistance zone..gold dey support level.
Gold might gap up due to strike carry out by us military on Iran backed terrorist at Iraq. My view and analysis

I don't think quite so on US30 as strong earnings is currently fueling the bullish momentum in the stock market, macdonalds and caterpillar which are also components of the US30 index will be releasing their earnings before the stock market opens on Monday. I did a little digging and I find out that both companies are also a heavy weight component of the US30 and will definitely impact the performance of US30 once their earnings run out. I strongly believe that a higher earnings report will make US30 out perform nasdaq and sp500 on Monday.

As for gold FOMC and NFP has given USD a strong bullish fundamentals, this is a risk off scenario which is why I am strongly bearish on gold but you see that attack way Iranian backed terrorist carry out on US army don spoil am for me, joe biden promised to retaliate with multiple strikes in the middle east maybe this weekend, and if that happens gold and oil will gap up at market open on Sunday night. I personally have no plan of trading gold next week for my sanity sake. I am definitely not going to trade or look at gold this week, my focus is on US30.
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 9:21pm On Feb 03
Donsheddy:


E no easy... My phase 2 dem just dey swim in DD....

Thou i took three months break.. i just resumed trading this month

Me next
Re: Forex Trade Alerts / Discussions: Season 24 by Puremark(m): 9:35pm On Feb 03
Davigled:


I don't think quite so on US30 as strong earnings is currently fueling the bullish momentum in the stock market, macdonalds and caterpillar which are also components of the US30 index will be releasing their earnings before the stock market opens on Monday. I did a little digging and I find out that both companies are also a heavy weight component of the US30 and will definitely impact the performance of US30 once their earnings run out. I strongly believe that a higher earnings report will make US30 out perform nasdaq and sp500 on Monday.

As for gold FOMC and NFP has given USD a strong bullish fundamentals, this is a risk off scenario which is why I am strongly bearish on gold but you see that attack way Iranian backed terrorist carry out on US army don spoil am for me, joe biden promised to retaliate with multiple strikes in the middle east maybe this weekend, and if that happens gold and oil will gap up at market open on Sunday night. I personally have no plan of trading gold next week for my sanity sake. I am definitely not going to trade or look at gold this week, my focus is on US30.
I was saying that becus I trade base on price action.
which site do you read the report relese. by company. I mean which site or app p
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 10:45pm On Feb 03
infofirst:


Brilliant. It is fine to be in DD. It is a sign you are not indiscipline. It is fine to struggle with passing the accounts. It is okay to breach an account gradually. Every successful traders passed tru it. It is not okay to just breach account in few days or hitting 5% in a day on a prop acct. It is sign of indiscipline. Not news, not market, not broker. Glad you accepted responsibility. I hope you will take your remaining account wit the seriousness they deserved.

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by realone12(m): 11:16pm On Feb 03
that pain when one single candle clears all your floating profit that has been gradually increasing for days..

nothing can be more painful as that..

it takes another level of discipline not to try to take revenge on the market at that point in time.

1 Like 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by MONEY247: 11:38pm On Feb 03
Xxxjpy , looks for good sell on market open... Sunday midnight...

Happy trading week ahead

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 11:39pm On Feb 03
Puremark:
I was saying that becus I trade base on price action.
which site do you read the report relese. by company. I mean which site or app p

Actually, twitter is my news hub, because I follow alot of news page from CNN to skynews to wallstreet journal and so on. but when it comes maybe anything relating to trading I mostly read fxstreet almost every day. their analyst are top notch and sometimes investing.com and tradingview news section.
Re: Forex Trade Alerts / Discussions: Season 24 by Skanas(m): 12:23am On Feb 04
infofirst:
Let's check.
How many of us are still having @alpha 5k acct running here?
How many have blown it?
How many are still having that 5ers acct $5k with tough rules?

We really need to do beta.
2024 is going.
Be deliberate.


My Alpha acc dey DD ooo(3%)...I trade Cable only and sincerely it has been harrrddddd this past 2months, but weโ€™re hopeful sha...I donโ€™t do random trades, I only trade my edge as it appears and wait for either TP or SL...

Iโ€™ll rather loss this account following my rules than going reckless sha...

All the same, we go again this week

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 5:50am On Feb 04
Elliotwaveforec:

Good news! We now have a working CBN, enough of multiple exchange rates; Fintechs and Binance can't continue determining our exchange rates.

If you want trade currencies, don't trade against Naira; trade EU, GU etc.

Lazy Abokis too should be kicked out of business and arrested if found with Dollars.

Naira is our currency and should be spent and not replaced with Dollar.

I don't see CBN changing anything

You can't cure malaria with sleeping pills

The problem is beyond them.

By end of year, expect 2,000 naira to a dollar unless we start exporting massively and they manage to pay off all the companies they stopped from repatriating their dollars.
Re: Forex Trade Alerts / Discussions: Season 24 by Elliotwaveforec: 7:49am On Feb 04
Geovanni412:


I don't see CBN changing anything

You can't cure malaria with sleeping pills

The problem is beyond them.

By end of year, expect 2,000 naira to a dollar unless we start exporting massively and they manage to pay off all the companies they stopped from repatriating their dollars.
It's not about the strength of the Naira but the elimination of arbitrage opportunities owing to multiple exchange rates.

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by DXYY: 8:02am On Feb 04
infofirst:


Yes you will. Once you have the skills, patience and discipline.
Just continue to keep the risk in check.

Even with my 6 figures acct funded o
I am still having my $5k alpha acct too. I have like 0.25% left to pass phase one.
The 5ers acct. I am in phase 2 as well.
I want to make @DXYY proud. He got the acct for me. I am not going to just let his investment of $1 go like that. I wished to surprise him with that trust and investment in me. May God help me

Thanks so much boss, alot of us takes things for granted here maybe that's why some people don't wanna invest in others , your words , your ways are worthy of emulating, despite having six figures account you still kept that $1 investment account going, GOD bless you real good. I am still having mine as well, though I am in DD , I hope scale through ๐Ÿ™, @all I believe with Gabsonfx , peteregwu, Kaybee7000 and boss infofirst's testimony as well as some other ogas in the house we can all see that this thing is doable , pls it's time for us to start taking responsibility, happy new week pals.

5 Likes 4 Shares

Re: Forex Trade Alerts / Discussions: Season 24 by DXYY: 8:26am On Feb 04
Elliotwaveforec:

Good news! We now have a working CBN, enough of multiple exchange rates; Fintechs and Binance can't continue determining our exchange rates.

If you want trade currencies, don't trade against Naira; trade EU, GU etc.

Lazy Abokis too should be kicked out of business and arrested if found with Dollars.

Naira is our currency and should be spent and not replaced with Dollar.

Lol, and what do you think this will solve? Is this really the problem? What happens to half of the things we continue to import? Crude oil is still being exported for refine, babami this ban they gave will only affect we the poor the reach are spending dollar everyday and no matter what dey do it won't stop the dollar, the naira weakness is as a result of more than 20 years of mismanagement and borrowing, not because of one aboki or fintech
Re: Forex Trade Alerts / Discussions: Season 24 by DCroc: 9:41am On Feb 04
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Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 9:50am On Feb 04
DCroc:


I kant believe a trader/financial analyst who should know better wrote this , I dey totally disappointed

Nothing to be disappointed about

Elliotwaveforrec might be an importer as well

No matter how logical you might be, sometimes, emotions enter the equation

One of my ogas who is into importation of pharmaceuticals believes that naira will rebound back to 1,000 naira. He is my very good friend but I understand that emotions have entered his mind with this evaluation.

Arguing with him on this situation is futile.

Time will tell if Tinubu is a miracle man indeed or not.

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by GarkiAccessory(m): 9:57am On Feb 04
GarkiAccessory:

You should be in good profit now
Trade will be closed when market opens
Re: Forex Trade Alerts / Discussions: Season 24 by Cara12(f): 10:54am On Feb 04
boom99:

How Do one participate fully in other to get the give away. I am a newbie with this discord

Visit the giveaway section in their discord and follow instructions there. I had to open an Instagram account for that purpose cuz most times u may have to like and comment there as well as twitter. Don't forget to fill ur social media links in their Google form cuz that's d koko. Hope this helps...

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by boom99(m): 11:19am On Feb 04
Cara12:


Visit the giveaway section in their discord and follow instructions there. I had to open an Instagram account for that purpose cuz most times u may have to like and comment there as well as twitter. Don't forget to fill ur social media links in their Google form cuz that's d koko. Hope this helps...
Please can I send an email to you so where ever I need assistance,you help? Thanks. Also I need a guide on this please kindly make out time for me
Re: Forex Trade Alerts / Discussions: Season 24 by Cara12(f): 11:59am On Feb 04
It is indeed easier said than done. Forex trading no hard oo na we no wan stay disciplined.

I decided to review my trade history to see the areas I need to improve on. I realized this: My greatest loss was when I delayed placing my stoploss cuz I needed to attend to my baby. I came back a few mins later to see that it has gone against me. I kept hoping it wld reverse at some key levels but no (I trade only Nasdaq and US30). I held the Nas position overnight (something I don't usually do) cuz I was still hopeful. During the news, it dipped further cry To cut the long story short, I suffered a 3k plus loss the next day. I had to close it eventually when I remembered that account preservation is sacrosanct. I couldn't imagine losing a 200k account God gifted me straight from heaven.

I felt so bad that I contemplated going on a long break but I remembered that after such long candles, the reversal is always sweet to ride. So I went on standby mode and asked for God's help. I had to rebuke the spirit of indiscipline and fear cuz warrisdis!

To the glory of God, I've recovered all I lost because God helped me to maintain discipline. I entered the next trade only when I spotted my setup and I did that with appropriate risk management. I've broken even from almost 3% drawdown. Now my psychology is not messed up anymore.

I reiterate again, forex market no hard, na we no wan remain disciplined. Please learn from my mistakes ๐Ÿ™

11 Likes 4 Shares

Re: Forex Trade Alerts / Discussions: Season 24 by Cara12(f): 12:05pm On Feb 04
boom99:

Please can I send an email to you so where ever I need assistance,you help? Thanks. Also I need a guide on this please kindly make out time for me

No problem.

1 Like

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