₦airaland Forum

samfelly:
Omo, that Dax guy just dey cash out, steady, while SAYing LESS

I think he started trading just in 2021

successsam121:
God bless you oga Sam for this recommendation.

@Blackman007
All what you need is Price action with SnR as you can find it on the link recommended above. That site will help you a lot Unlearn in order to relearn. Forget about all those YouTube rubbish. 80% of them are not profitable traders but fx hustlers.
Start with daily tf. This will help you improve on your impatience and greed (5x on trades that you are not sure or confident about) and also over trading.
Regardless of the strategy employed to make profit, always endeavor to make a withdrawal of 50% of profit made, at least. Pay yourself first because past performance doesn't guarantee future profit o.
One can double or triple one's account in a month or less. It's doable but with right mindset.

The MENTORS people pay to teach them go there to learn, also; they don't know

VeeVeeMyLuv:
Psychological round numbers 0, 00, 000, 0000

Okay sir…

blackman007:
Okay sir…

I've really made up mind to not meddle on this thread affairs again after some attacks awhile back. But I couldn't help but reply because of your honesty about your struggle. After checking your old posts, I discovered you've been soliciting for trading helps months back.

Now, first of all, most of the advises you were given here are majorly from traders that are still struggling as you are too. What baffles me is why would a struggling trader be advising another struggling trader when they can't even grasp it themselves.

Back to the topic, I think you maybe asking for too much by looking for a 5X risk to reward system. You are going to need a very strong psychological frame of mind to handle the heavy losing streaks that comes with such system.

Instead of typing long, please check out this forexfactory thread. Copy the link in bracket here : [forexfactory.com/thread/993625-how-to-be-consistently-profitable-but-i-bet?].

It has everything you need and more. Just 4 pages. Read and assimilate.

It's as if it's written for you. I wish you all the best.

samfelly:
Boss, you na Synthetics Odogwu o.

Are these trades still running or you've close them?

I've closed them sir but you can still look for entries.

Vix 75 is going to buy for very long.

Lets see what occurs sha.

The Manipulations on Deriv is willlddddd

Even CPI isn't "CPI'ing" anymore... See as market just dey dull

blackman007:
Thank you sir, but I prefer structure and liquidity… anything that has to do with liquidity in line with the trend…

You're welcome, sir. Best of luck with any trading style and strategy you choose. Stick to a well defined trading plan. You will be fine.

samfelly:
The MENTORS people pay to teach them go there to learn, also; they don't know

Exactly, boss.

Aswear men dey this forum ooo, na only fool go underate this forum

How was cpi today?

geedot:
I've really made up mind to not meddle on this thread affairs again after some attacks awhile back. But I couldn't help but reply because of your honesty about your struggle. After checking your old posts, I discovered you've been soliciting for trading helps months back.

Now, first of all, most of the advises you were given here are majorly from traders that are still struggling as you are too. What baffles me is why would a struggling trader be advising another struggling trader when they can't even grasp it themselves.

Back to the topic, I think you maybe asking for too much by looking for a 5X risk to reward system. You are going to need a very strong psychological frame of mind to handle the heavy losing streaks that comes with such system.

Instead of typing long, please check out this forexfactory thread. Copy the link in bracket here : [forexfactory.com/thread/993625-how-to-be-consistently-profitable-but-i-bet?].

It has everything you need and more. Just 4 pages. Read and assimilate.

It's as if it's written for you. I wish you all the best.

I have gone through the 4pages and I’m like wow..God bless you for this sir… I can’t thank you enough

henry26948:
Please help a brother with Dapo’s course, the market has really dealt with me 🙏

Gotten it?

samfelly:
You and another person, out there, maybe the only one experiencing such. Opened at my end, sir

This has been the case with me for weeks now it's really frustrating.

blackman007:
Sir I really appreciate your reply, but getting that mentor is very difficult for me, because if I’m not mistaken, I have paid over 10 mentors in the course of 5 years, what I noticed was that they are only interested in the money they want to get for mentorship, after which they teach basics which I can get for free on YouTube and that’s all… they’ve not been so helpful….I don’t know how to identify a real mentor, with my experience in the market, I think I need a little bit of adjustments here and there and I should be alright….I don’t know

You are right, unlike me I was fortunate enough to get a mentor (dapo Willis)that see things the way I want to see it, which is a swing trading, the first time I watched is YouTube video I felt this is the way I want to trade and since then have been watching his videos and practicing, it is not rosy though as I am just starting to notice a change in my trading after two years. The hard truth is nothing beats experience in this game, your success or failure depends on what you know.

Many sees forex as a gambling platform or get rich quick scheme which is not. Take forex trading as a business then you will reap it good. You need a mentor in this street no matter how sharp you think you are. Your TAKE PROFIT is determine by your knowledge.

Donsheddy:
If you're using Airtel it won't open... Use Mtn

Just seeing this.. Thanks I really appreciate
Just tried now with MTN and it opened o 😂.. Thanks once again Donsheddy. God bless you

There’s something that still baffles me about trading, it is widely speculated that market changes and evolve every day and we should adjust as regards the changes and this is where I’m confused, does it mean we should change our strategy and system too?? I don’t really understand, I’ll appreciate it if someone can shed more light on this concept… so that other traders can learn too, because I know that others are learning as my bosses on this forum are doing justice to the questions….

blackman007:
I have gone through the 4pages and I’m like wow..God bless you for this sir… I can’t thank you enough

You don't need any more technicals skills. You just need discipline and backtested data to build confidence in any system you decide to stick with.

Don't go live again till you've built that confidence demoing and following your own personal rules strictly. Wish you all the best.

blackman007:
There’s something that still baffles me about trading, it is widely speculated that market changes and evolve every day and we should adjust as regards the changes and this is where I’m confused, does it mean we should change our strategy and system too?? I don’t really understand, I’ll appreciate it if someone can shed more light on this concept… so that other traders can learn too, because I know that others are learning as my bosses on this forum are doing justice to the questions….

Everyone with different system. But the only truth about the market is people must place order if they want to buy and also place order if they want to sell. Be it banks, be it big companies like Mercedes, Toyota etc. They must place order which is the major reason prices moves up and down.

All you need to do is work out a system that makes you know when the sellers are about to take over, and you join them selling or buyers and join them buying.

Just one tip: For example, price blasted through a resistance zone, most late sellers would definitely be stopped out with this whoosh, which in return should creates floods of buy orders because you have to buy to get out of a selling position which should continue the price moving even further up.

But for one reason or the other, you noticed price is not moving further up, instead it started stalling. That's a cue that there are lot of sellers chewing all the buy orders at that zone. If price should eventually close back into the resistance zone that was broken. Enter a sell with your stop just above the recent high and you can use the next support zone as your TP.

Could be a 1x risk reward, could be 2x. Your take profit should be determined by market flow and not a rigid 1:5 even though it's unlikely price might get there.
This is not a how to trade guide, but instead to understand what happens behind the hood.
These order flows are what moves prices and nothing more.

That's the reason fundamentals believe news is the catalyst, news give people reason to buy or sell. It doesn't decide price direction. That's why sometimes, a particular news comes out favoring the US dollar, but you see gold moving mad bullish even though fundamentals is screaming sell.
The people participating at that point in time probably didn't give a hoot about that particular news and decided to buy gold instead.

Then you see fundamentals guys comes out with various excuses as to why price didn't go the way of the released news. You hear things like manipulation etc. It's all nonsense, don't predict but react to what you see.

More buyers than seller, price will keep shooting up till there are no more buyers to move it, then it starts dropping to find more buyers, if the sellers saw the fall in price and believe price is going down and started pilling up sell orders, then price keeps dropping till the sellers meet more buyers and it starts rising again. That's just it.

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blackman007:
There’s something that still baffles me about trading, it is widely speculated that market changes and evolve every day and we should adjust as regards the changes and this is where I’m confused, does it mean we should change our strategy and system too?? I don’t really understand, I’ll appreciate it if someone can shed more light on this concept… so that other traders can learn too, because I know that others are learning as my bosses on this forum are doing justice to the questions….

An old trading wisdom is: want whatever the market wants. This is our primary job as traders. A trader who has a rigid view of market expectations will have his account constantly bleeding. The markets evolve everyday means that sentiment changes constantly and, many times, without warning. For example, when market sentiment has changed from bearish to bullish but a certain trader, being bearish, refuses to admit the fact and will not want what the markets want will have his account seriously depleted.

This doesn't mean you should have a different strategy for different market sentiment or movement. Rather, you should have a strategy that helps you detect when market sentiment has changed and follow the new sentiment.

One way to do this is to have an invalidation zone of your current market view where a breach of that zone should alert you to a change in the market rhythm prompting you to exit your trade at a loss, breakeven, or profit. We don't know what the market will do but we can always follow it by reacting to what it does because the market is a dynamic structure that evolves while we simply react. Nothing more, nothing else.

CaptainJune:
An old trading wisdom is: want whatever the market wants. This is our primary job as traders. A trader who has a rigid view of market expectations will have his account constantly bleeding. The markets evolve everyday means that sentiment changes constantly and, many times, without warning. For example, when market sentiment has changed from bearish to bullish but a certain trader, being bearish, refuses to admit the fact and will not want what the markets want will have his account seriously depleted.

This doesn't mean you should have a different strategy for different market sentiment or movement. Rather, you should have a strategy that helps you detect when market sentiment has changed and follow the new sentiment.

One way to do this is to have an invalidation zone of your current market view where a breach of that zone should alert you to a change in the market rhythm prompting you to exit your trade at a loss, breakeven, or profit. We don't know what the market will do but we can always follow it by reacting to what it does because the market is a dynamic structure that evolves while we simply react. Nothing more, nothing else.

@blackman007, just follow the above advice especially if you are a day trader or scalper

In addition, try and limit number of pairs you are trading if market is ranging to one or two

There is no correlation system that can help you in a range market. Range market here means the high or low of the monthly is yet to be broken. In range market, two correlated pairs will rarely move simultaneously in the same direction.

Geovanni412:
@blackman007, just follow the above advice especially if you are a day trader or scalper

In addition, try and limit number of pairs you are trading if market is ranging to one or two

There is no correlation system that can help you in a range market. Range market here means the high or low of the monthly is yet to be broken. In range market, two correlated pairs will rarely move simultaneously in the same direction.

I’m telling you boss, I have made screenshots of all the responses, and I’ll get back to work.. until then I’m still on break, I want to cool my head down…

Losses are part of the Business.

It's not all rosy over here.

Make one of these Airdrops just drop better money for man pikin abeg

geedot:
You don't need any more technicals skills. You just need discipline and backtested data to build confidence in any system you decide to stick with.

Don't go live again till you've built that confidence demoing and following your own personal rules strictly. Wish you all the best.

Yes boss, I know my problem is not technicals at all…you are 100% right…

You can profit from a ranging market as the price path is familiar even if short lived.

U can profit from Spiking( lol): Boom & Crash.

Trading has problems of reversals/ order blocks, ever evolving prices up & down etc ... Ability to DISCIPLINE self via lot sizing( having appropriate ones) for your trades is essential as reversals can be beneficial and can reverse a losing trade to a profitable one with the right margin & margin levels.

Nothing beats buying low & selling at good enough price.....Selling high and buying at good enough price.

Trading is more of logic and scientific than mere buying & selling+ emotions.

Anyway, I ve demystified some things in trading and soon I will make my write up available. Those who don't have both Deriv and Exness accounts can sign up under me and get it free if they contact me for my links.

sharone21:
You can profit from a ranging market as the price path is familiar even if short lived.

U can profit from Spiking( lol): Boom & Crash.

Trading has problems of reversals/ order blocks, ever evolving prices up & down etc ... Ability to DISCIPLINE self via lot sizing( having appropriate ones) for your trades is essential as reversals can be beneficial and can reverse a losing trade to a profitable one with the right margin & margin levels.

Nothing beats buying low & selling at good enough price.....Selling high and buying at good enough price.

Trading is more of logic and scientific than mere buying & selling+ emotions.

Anyway, I ve demystified some things in trading and soon I will make my write up available. Those who don't have both Deriv and Exness accounts can sign up under me and get it free if they contact me for my links.

what do you trade most on deriv and how is the journey so far?

blackman007:
Yes sure I have strategy hop, but I have paid over 10 different mentors, but once they gets my money, they won’t take the mentorship seriously anymore, they take my money and teach me basic things I can learn from YouTube, I tried to buy indicators, I couldn’t turn profitable, I have watched all ICT vidoes, and devoted 100s of other contents too, but the story is the same, but few things that I’ve learnt is that… I’ll say I’ve studied almost everything there to know about technicals…. If I can get a strategy that can give me 5R, even if I lost 10 or 12 trades out of 20 trades, I’ll be okay….that’s what I think will help me…. And in the area of risk management, I don’t risk more-than 0.5% per trade….I feel like I need that finishing touch, please FTA family, I’m one of you, and I need your help more-than ever…

5R isn't that too much for a beginner? At least 2R is good for a start . What really matters is consistency not the R:R

PriceActionZ:
what do you trade most on deriv and how is the journey so far?

Synthetic -Volatility, Jumps, Dexs, Skew Steps..... Recently, I'm "eating" Spikes with Boom , Crash, Dexs.

I'm a versatile trader ( Forex, Stock Indices, Commodities etc) and have specific rules I follow...... A candle adherent......I use Time frames to 'manipulate' my trades following Principles of Special Relativity( for those who understand).

In all, I KEEP IT SIMPLE.

LucartFx:
5R isn't that too much for a beginner? At least 2R is good for a start . What really matters is consistency not the R:R

I’ll reconsider this, maybe 3R, but I’m not a beginner, I’ve spent 5years in the business..

sharone21:
Synthetic -Volatility, Jumps, Dexs, Skew Steps..... Recently, I'm "eating" Spikes with Boom , Crash, Dexs.

I'm a versatile trader ( Forex, Stock Indices, Commodities etc) and have specific rules I follow...... A candle adherent......I use Time frames to 'manipulate' my trades following Principles of Special Relativity( for those who understand).

In all, I KEEP IT SIMPLE.

Big grammar

I hope you get evidence not all these cho cho cho

Happy weekend guys