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Forex Trade Alerts / Discussions: Season 24 - Business (124) - Nairaland

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Re: Forex Trade Alerts / Discussions: Season 24 by JasonNOTStatham: 12:40pm On Feb 25
Yeah we know what happened to the other half and how it is done.
Can you teach your "strategy" = No...
Lost choke u dier...

Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 12:59pm On Feb 25
wuyexzy01:
oga dman. e be like say eur/cad dne change settings o. dont allow ur s.l to be taken o. come monday i believe say u will get chance to exit at profit or little loss... P.S dont listen to me but do your thing.
The exchange rate dont give one much room to make mistakes now. na to dey wait for best setup.
funding a broker now aint no joke at the moment.
Our brother wey wan quit job do forex. hmmm. that thing wey u dey look for u will definitely see ahm for front. i wont talk but i hope say your mama dey gallant so she can take you in, when rain start to dey fall. cos my friend wey try ahm na ihn mama rescue him.
Confidence is the biggest asset you can have but but ....

Thanks boss... With the current pattern showing, things are not looking good for the sell.. But we both know this business grin, 80% of the time we cut our loss market rallies to TP and do more... So I have come to conclusion that no matter happens after I enter a trade, I will completely accept the risk involved.. The SL is just 35 pips... This week EurNzd was just 5pips away from my S.L I closed because my mind already believed the trade has failed only for me to see that my exit point was where the big movement to TP started...

Pls drop chart oo😅...what are we trading next week.. I'm looking to buy chf at that trendline..

Re: Forex Trade Alerts / Discussions: Season 24 by BrightFuture48: 1:11pm On Feb 25
JasonNOTStatham:
I believe some of you knows that some individuals / insiders have the news report before it release. Some news are so severe that few minutes before the news, the big guys have locked their position. Immediately the release, the next candle stick jumps - JUMP! not move oo, It JUMP / SKIPs, if your broker is not strong enough - it would blast your take profit and keep running.
Check the running trade on MT5, it will flashing green but, the trade not closing... Happened to me on FundedNext, I had to manually close it myself above TP.

The recent USD CPI (core and m/m) all where green, Super one directional news... XAU quit 2000s, not even indices was spared. Check the 1 min chart, no deflection.

Confirm fron GBP GDP + prem. GDP, it was two sided (green + red), there was a deflection before settling down to the effective side of both news (Sell).
Omo you be adept in this thing o. I am not really a fan of news trading per se.I hardly for either cpi or anything except NFP because back then that dreaded need to watch out for.

I trade technical/price action, set my sl and tp. But I witnessed this jump of a thing that week on cad crosses. I was trade mean reversion when the news came in and the thing jump like mad before I know wetin they shele my sl was hit with extra jara lol.

But this very trickish how do you react to conflicting news(green +red) when you're already in 20 seconds before the news? Because whipsaw movement will cause damage to both una account.
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 1:13pm On Feb 25
nzechu:
bro howfar Na, drop analysis for us30 and it's brother Nasdaq . It's like I am seeing sells, what are u seeing

Bossmi na NEPA no wan bring light for 2days for my area, na why I never post charts, I'm also seeing sells on both too, price has made new highs last week and it's only natural for a correction to the downside to take place before continuing up.
Re: Forex Trade Alerts / Discussions: Season 24 by JasonNOTStatham: 1:25pm On Feb 25
BrightFuture48:

Omo you will adept in this thing o. I am not really a fan news per se. I trade technical set my sl and tp. But I witnessed this jump of a thing that week on cad crosses. I was trade mean reversion when the news came in and the thing jump like mad before I know wetin they shele my sl was hit with extra jara lol.

But this very trickish how do you react to conflicting news(green +red) when you're already in 20 seconds before the news? Because whipsaw movement will cause damage to both una account.
Trade one sided news, not multiple news release: chances are there might be a mix. The strongest side of a mix news will take effect after a few minutes.
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 1:28pm On Feb 25
JasonNOTStatham:
I believe some of you knows that some individuals / insiders have the news report before it release. Some news are so severe that few minutes before the news, the big guys have locked their position. Immediately the release, the next candle stick jumps - JUMP! not move oo, It JUMP / SKIPs, if your broker is not strong enough - it would blast your take profit and keep running.
Check the running trade on MT5, it will flashing green but, the trade not closing... Happened to me on FundedNext, I had to manually close it myself above TP.

The recent USD CPI (core and m/m) all where green, Super one directional news... XAU quit 2000s, not even indices was spared. Check the 1 min chart, no deflection.

Confirm fron GBP GDP + prem. GDP, it was two sided (green + red), there was a deflection before settling down to the effective side of both news (Sell).


That's why most trading firms or hedge funds subscribe to Bloomberg terminal, because they get the news 30sec b4 the news is even released officially

3 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 1:28pm On Feb 25
dmahn:
Happy Sunday guys.. Most of all these twitter giveaway requires to tag 3 friends that are traders. Na only @ishowlahfx I dey follow... Pls drop your twitter handle for a follow.. I'm tired of tagging those guys wey I nono their pápá 😅

@ realone @ donsheddy and the rest wey dey always get giveways like water, Abeg how una dey do am

tag me @olaoyedavid3

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 1:29pm On Feb 25
Donsheddy:
It's gone...
Happy sunday palzzz
Bossmi wetin gone
Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 2:09pm On Feb 25
Davigle:


tag me @olaoyedavid3

You have a new follower.. Thank you chief
Re: Forex Trade Alerts / Discussions: Season 24 by BinaryRocks: 2:10pm On Feb 25
infofirst:


😂😂😂😂😂 @BinaryRocks don over tag @ishowlahfx.
But keep it up. Una must win o
grin grin grin
Happy Sunday Boss.
Re: Forex Trade Alerts / Discussions: Season 24 by Puremark(m): 2:10pm On Feb 25
Davigle:


pls can you suggest or recommend some. although I started learning python programming but I couldn't continue due to severe epilepsy of light in my area
that light is one of the major problem me too am facing.but we just have to find our way out .you can considere learning ui and ux design and graphics design. Or website development.

1 Like 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by abham: 2:19pm On Feb 25
This will not make the Naira gain value against the Dollar though I don’t subscribe to using a stable coin for Dollar/Naira value.

You should know better as a trader that If the current administration can’t take the bull by the horn to stop borrowing and spending for unnecessary things, we will get to 2,500 per $1 before the second quarter of the year comes.

Elliotwaveforec:
Daily ATR of 100 for USDTNGN. Sell the useless USDT

1 Like 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by Bimmarlykay(m): 2:24pm On Feb 25
realone12:
Mr man, with all due respect, you are playing with fire.. you better find a way to retain your job while you trade as side hustle..

trading is not as you see it oh.
when you mentioned the amount you plan to be making everyday, I just dey laugh..

and the funniest part be sey, of all the instruments you choose gold?
Gold wey no get an atom of sympathy.. Gold wey no dey forgive?? wow

grinAs in eh!!! Niqqa choose gold, i smell greed and another suicide update loading. grin
Re: Forex Trade Alerts / Discussions: Season 24 by OfficialP: 2:28pm On Feb 25
Bimmarlykay:


grinAs in eh!!! Niqqa choose gold i smell greed and another suicide update loading. grin
maybe gold na his bread and butter
Re: Forex Trade Alerts / Discussions: Season 24 by Bimmarlykay(m): 2:48pm On Feb 25
OfficialP:
maybe gold na his bread and butter


Only time will tell. grin
Re: Forex Trade Alerts / Discussions: Season 24 by Eaglepixel: 3:02pm On Feb 25
Jasonsta... What you're saying is right.
Re: Forex Trade Alerts / Discussions: Season 24 by realone12(m): 3:48pm On Feb 25
dmahn:
Happy Sunday guys.. Most of all these twitter giveaway requires to tag 3 friends that are traders. Na only @ishowlahfx I dey follow... Pls drop your twitter handle for a follow.. I'm tired of tagging those guys wey I nono their pápá

@ realone @ donsheddy and the rest wey dey always get giveways like water, Abeg how una dey do am
luck count, but you have to be dedicated..
I won 3 accounts this February..
Twitter picker gave me 2.. and the 3rd one was given to me as a result of active following..

as a matter of fact, I don slow down for giveaway hunting..
time to focus on the account I won for now..

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by Petah(m): 4:35pm On Feb 25
realone12:
luck count, but you have to be dedicated..
I won 3 accounts this February..
Twitter picker gave me 2.. and the 3rd one was given to me as a result of active following..

as a matter of fact, I don slow down for giveaway hunting..
time to focus on the account I won for now..
nice one Chief
Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 4:52pm On Feb 25
realone12:
luck count, but you have to be dedicated..
I won 3 accounts this February..
Twitter picker gave me 2.. and the 3rd one was given to me as a result of active following..

as a matter of fact, I don slow down for giveaway hunting..
time to focus on the account I won for now..

Baba Abeg drop ur handle make I dey follow you everywhere you go like mtn.. By God's grace funded account and payout is certain this year.
Re: Forex Trade Alerts / Discussions: Season 24 by realone12(m): 5:40pm On Feb 25
dmahn:


Baba Abeg drop ur handle make I dey follow you everywhere you go like mtn.. By God's grace funded account and payout is certain this year.
drop me your number let me send you a voice note.. you dont really need my handle
Re: Forex Trade Alerts / Discussions: Season 24 by geedot: 5:47pm On Feb 25
I strolled here today and just imagine trading advice and method flying around. Any newbie still looking up to this thread to learn more might even come out worse than they were before joining this thread if care is not taken.

I keep repeating that trading is not hard, you are just not disciplined enough to follow whoever your mentor is 100%. All popular strategies online work, the thing is after encountering few losses, people tend to leave the strategy in search of another, and the cycle continues.

This thing is not hard! If you are ready to go bet9ja style, follow all those gibberish plastered here for the past 24hours, but if you really wanna learn and turn it to a living. Reduce your activity here, go back to your drawing board and pick just one strategy and master it on a demo.

Save aside funds to get a 5k prop account only after doing 10% profit severally strictly following your strategy with proper risk management on a demo account.

Whatever good takes time, but it also shouldn't take too much time either. If it's taking too much time, maybe it's time the person changed method. This is not the early 2000s where there was little or zero resources to learn from. With so many resources on the web at this age, it's a disaster if anyone is still struggling 4years+ and still not getting it. Maybe it's high time the person paid all those JeffBen, and HabbyFX mentorship money to cut short the journey.

Online teachings doesn't work for everyone, as learning alone could be hard. If I was a struggling trader after years of non profitability, God knows I would have found money to go learn offline with those guys I mentioned above and make like-minded friends offline too.

See picture attached below, that was what I used as my guard when in I joined forex 2020 after covid era showed me shege. It was a post by Shevychen back in 2017 or thereabouts. Happy weekend!

7 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by abham: 6:32pm On Feb 25
Good afternoon, happy weekend to you all.

AU analysis:

WK: Weekly closed bullish after rejecting a MN level (oct 23 high)

D1: On the daily, it’s just wick city as price consolidates higher.

H4: Looking at H4, Price has been pressing higher with an ascending trend line which might be taken out before price continues higher.

COT report: Comm are net long and the hedging program shows that comm are above the equilibrium line within the last 12 months. Also we can see WK and D1 are both bullish after rejecting MN level.

My target is still 30th January high.

Recently, I Pay more attention to weekly charts. If I don’t understand what is going on there, I might face challenges with the D1.

Journaling has also helped play a big role in my improvement.

Who dey think of quitting his/her job for forex when the individual is yet to make their current salary consistently should think twice.

Journal your trades.

abham:
Good afternoon, happy weekend to you all.

Prev week closed bullish with long tail and small body. If price failed to go higher and price dropped to Nov 17th low.

AU analysis:

WK: Weekly closed bullish with long tail and small body after digging into October MN down candle.

D1: On the daily, after price traded through Nov 17th low below October MN candle open, price rejected 9th Nov high which is a swing high on H4.

H4: Looking at H4, Price has been pressing higher.

COT report: Comm are net long and the hedging program shows that comm are above the equilibrium line within the last 12 months. Also we can see D1 and H4 has shifted bullish after taking out a D1 low below MN +OB.

My target is 30th January high.

My competition accounts are a mess especially funded next. I’m on serious DD because I’m trying to take the same trades on two different account.

I recently noticed that I give back a lot of profit. Examples were this week, after the long trades I took were in profit , price came back to take me out. Though journaling has helped me on how I should approach the issue.

Jameselias, hang in there, what you are thinking is not the option. Start small and look at the advices that has been mentioned to you here.

OfficialP congratulations, more is coming your way.

My good friend Kozmicity it’s been a while you posted here, how is studies?

Journal your trades.

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by abham: 6:37pm On Feb 25
Respect who get but fear who never collect. That being said, a lot of gems here.

geedot:
I strolled here today and just imagine trading advice and method flying around. Any newbie still looking up to this thread to learn more might even come out worse than they were before joining this thread if care is not taken.

I keep repeating that trading is not hard, you are just not disciplined enough to follow whoever your mentor is 100%. All popular strategies online work, the thing is after encountering few losses, people tend to leave the strategy in search of another, and the cycle continues.

This thing is not hard! If you are ready to go bet9ja style, follow all those gibberish plastered here for the past 24hours, but if you really wanna learn and turn it to a living. Reduce your activity here, go back to your drawing board and pick just one strategy and master it on a demo.

Save aside funds to get a 5k prop account only after doing 10% profit severally strictly following your strategy with proper risk management on a demo account.

Whatever good takes time, but it also shouldn't take too much time either. If it's taking too much time, maybe it's time the person changed method. This is not the early 2000s where there was little or zero resources to learn from. With so many resources on the web at this age, it's a disaster if anyone is still struggling 4years+ and still not getting it. Maybe it's high time the person paid all those JeffBen, and HabbyFX mentorship money to cut short the journey.

Online teachings doesn't work for everyone, as learning alone could be hard. If I was a struggling trader after years of non profitability, God knows I would have found money to go learn offline with those guys I mentioned above and make like-minded friends offline too.

See picture attached below, that was what I used as my guard when in I joined forex 2020 after covid era showed me shege. It was a post by Shevychen back in 2017 or thereabouts. Happy weekend!

1 Like 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 6:39pm On Feb 25
Happy Sunday folks,
So last week was overall good for me and this week promises to be interesting with loads of volatility as we have GDP and PCE deflator the Fed's favorite tool for gauging inflation coming up this week on Wednesday and Thursday this week, I still remain solidly bullish on the greenback due to strong economy and recent uptick in inflation in the US, last week manufacturing and services PMI continues to be in expansionary territory compared to other global economies, this shows that the US economy not just performing well but also growing and expanding, if another stronger NFP comes out for the month of February, boy o boy no more rate cut until Q3.
So far so good, I say long live the dollar bulls

Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 6:55pm On Feb 25
I am bearish this week on indices as I expect profit taking from last week bull run, and also seasonal tendencies shows that the end of February and also the month of March tends to be bearish month for stocks, also, in the case that PCE deflator comes in flat or higher this Thursday, we could potentially see more stock sell off as the expectations for rate cut would be kicked further into the year. For NQ and YM, the CE of the BISI created last week on the daily chart is the next DOL, COT reports shows that both commercials and non commercials are net short on the sp500 the leading benchmark, this could weigh down indices this coming week.

Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 7:22pm On Feb 25
Shout out to boss PriceActionZ for the pdf you shared freely from Fundednext, it was quite an eye opener. While I was reading through the ebook, it talk about a lot of mistakes which traders make which is also common knowledge to anyone who has been here for a long while in the trading space, I know a lot of them but I have not made conscious effort to tackle some of them. But after reading the ebook, I made a resolve to implement this new routines, going forward, although I have to give myself credit for even putting myself on the right path b4 even coming across the book in terms of risk management and the number of pairs that I trade.
so going forward, I made a resolve to only trade between Tue to Thurs, no more trading on Mondays and Fridays. I think this will help me reduce the number of trades that I take as I only focus on nasdaq and US30. Also judging from my past performance through my trade explorer from the month of December till this very moment, my biggest wins and profitable trades always occur within those three days. Linking my accounts to a trade explorer has also really been helpful to me as I am able to track my performance and statistics better and also they kind of serve as my trade journal... cheers and wishing us all a profitable week

3 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 7:41pm On Feb 25
Puremark:
that light is one of the major problem me too am facing.but we just have to find our way out .you can considere learning ui and ux design and graphics design. Or website development.

Thanks for your kind suggestions but they are a big no for me as it is not in line with my Japa plans. Although I intend to study and learn both python programming and data analysis because my goal is to further my post graduate studies abroad and one of the required skills in my field of interest is proficiency in data analysis or python programming or even mathlab. But nevertheless thanks again for your kind suggestions.

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 8:23pm On Feb 25
realone12:
drop me your number let me send you a voice note.. you dont really need my handle

I dey your inbox cheif.. Thank you
Re: Forex Trade Alerts / Discussions: Season 24 by realone12(m): 8:35pm On Feb 25
dmahn:


I dey your inbox cheif.. Thank you

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by Puremark(m): 10:16pm On Feb 25
Davigle:


Thanks for your kind suggestions but they are a big no for me as it is not in line with my Japa plans. Although I intend to study and learn both python programming and data analysis because my goal is to further my post graduate studies abroad and one of the required skills in my field of interest is proficiency in data analysis or python programming or even mathlab. But nevertheless thanks again for your kind suggestions.
okay
Maybe you may registered with datacamp .but you will have to pay..also there are numerous resources online if you really interested in learning any digital. Skills be it data analysis or science there are resources online .you have to look 4 them

1 Like 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by PriceActionZ: 11:00pm On Feb 25
Davigle:
Shout out to boss PriceActionZ for the pdf you shared freely from Fundednext, it was quite an eye opener. While I was reading through the ebook, it talk about a lot of mistakes which traders make which is also common knowledge to anyone who has been here for a long while in the trading space, I know a lot of them but I have not made conscious effort to tackle some of them. But after reading the ebook, I made a resolve to implement this new routines, going forward, although I have to give myself credit for even putting myself on the right path b4 even coming across the book in terms of risk management and the number of pairs that I trade.
so going forward, I made a resolve to only trade between Tue to Thurs, no more trading on Mondays and Fridays. I think this will help me reduce the number of trades that I take as I only focus on nasdaq and US30. Also judging from my past performance through my trade explorer from the month of December till this very moment, my biggest wins and profitable trades always occur within those three days. Linking my accounts to a trade explorer has also really been helpful to me as I am able to track my performance and statistics better and also they kind of serve as my trade journal... cheers and wishing us all a profitable week
Thats the spirit. keep pushing and identify what works best for you bro. Thats what is called an edge.

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 11:34pm On Feb 25
Matlab not mathlab.

I was reading through and saw your comment, first thing I was about to write was you should study python or directly data analysis, then while in Naija, find online jobs located abroad, US, Canada, UK, etc. There are lot of companies that source out these jobs to internationals living outside. By doing these, they avoid the high salary Canadians or Americans would have received. Now that I further read you have a japa plan. Then below:

I see matlab to be a usable tool if your postgraduate program will be engineering related, and that it would not by itself land you a job except it's a usable ad-on to your degree. Note that there are less jobs and more applicants in this path, meaning that after graudation from your post-g program, the struggle for job and job hunting gets intense and especially if you have zero or less experience in the field (I've been there). But, if you learn python and sql, you could directly channel your post-g study to data analysis, data science, machine learning/data engineering, AI learning, AWS or cloud architecture. The available jobs after graduation are multiples of that of engineering stated above. Although, there are now many people going into this field cos it's hot cake for jobs, however, I can confirm this is more applicable to data analysis. Hence, focus more into getting into data science or machine learning, AWS, AI or machine learning/data engineering.

In practical, I will find time to send you some real time job postings, with their requirements; I'm sure these will open your eyes to what exactly is required for getting jobs, then you focus on them and not just about japa-ing to study or learning anything that crosses your mind.

Selah!


Davigle:

Thanks for your kind suggestions but they are a big no for me as it is not in line with my Japa plans. Although I intend to study and learn both python programming and data analysis because my goal is to further my post graduate studies abroad and one of the required skills in my field of interest is proficiency in data analysis or python programming or even mathlab. But nevertheless thanks again for your kind suggestions.

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