₦airaland Forum

PraiseGod4u:
Big grammar

I hope you get evidence not all these cho cho cho

Profitfx:
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.

PraiseGod4u:
Big grammar

I hope you get evidence not all these cho cho cho

sharone21:
Disciplined traders win more than losing. Stay blessed!

greatcheer:
Fx I will never give up.
2 years now dealing with greed and psychology not even strategy hmmm

greatcheer:
Fx I will never give up.
2 years now dealing with greed and psychology not even strategy hmmm

PraiseGod4u:
Deal with strategy first


Deal with strategy first


Psychology and greed comes second

greatcheer:
My strategy is okay, when I see one about to play out, I pack on d lot sizes and it takes me out sadly before going my way, e.g btc buy I already saw the buy about to play out and entered Thursday morning was holding and it went took me out before buying massively on friday

greatcheer:
My strategy is okay, when I see one about to play out, I pack on d lot sizes and it takes me out sadly before going my way, e.g btc buy I already saw the buy about to play out and entered Thursday morning was holding and it went took me out before buying massively on friday

Ibrahimlagosian:
My people,help me oh. ,I have been trading since last year but I couldn't pass my $40k worth of prop account.it's getting sickening and depressing,both accounts are sitting at 8% drawdown.i got the accounts some months back and I'm struggling to get them out of drawdown.l .
I would make profit but gradually lose it back to losses from system randomness,mis-executing and also missing out on profitable trades due to other factors.

t2sco:
Best approach I'm using is to buy 4 accounts and trade all aggressively. I only one or two from inside. I will surely pass one or two. Which is ok for me. The ones I passed will cover my loss. And I will trade the ones I passed with all sense of responsibility in me. Trade prop like gambling and trade passed like pro

t2sco:
Best approach I'm using is to buy 4 accounts and trade all aggressively. I only one or two from inside. I will surely pass one or two. Which is ok for me. The ones I passed will cover my loss. And I will trade the ones I passed with all sense of responsibility in me. Trade prop like gambling and trade passed like pro

sharone21:
Hi all. Happy Sunday.

By God's grace, finally I have my thoughts on paper/ ebook/manual( howver you call it)..

This is my contribution to the 'industry'.

Only requirement for this FREE material: Join my Exness & Deriv links which you can ask me for via my contacts.

Hoping my thoughts on paper will help us all through this arduous but possible trading journey.

*It has a lot including where to put money made from trading ie banks to make more, some binary tips, a lot on the dynamic use of Deriv's Time frames, Candle color patterns( my own perspective) which links with the now popular Change of Character ( CHOCH) etc.

Have a fruitful week. Amen

blackman007:
I feel ashame of myself bro …. But I just need to be honest with myself, it took a lot of courage for me to come out in the open…

OneMillionBTC:
Hello Bro. Happy New Week. I might Drop the First Trade as Promised within the next hour if it meets all the conditions. I hope you see this soon.

LincolnOnyeabor:
Does Deriv have link?? I'm not too sure at the moment but does it have?? Kindly let me know please.

geedot:
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.

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.

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.

blackman007:
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…

geedot:
Gold has been on my watchlist for weeks now without me acting. The last time price was around this zone, it sold down, but not much as I had anticipated because I expected it to come back for some retest.

It came back to the zone on Friday and there were lot of buy volume activity at the top but price started stalling again as I had envisaged. Could be that the buyers are being absorbed or maybe some shorts stopping out. One thing certain is price is not moving as it should with such heavy buying happening at the zone.

I've entered a short and have another sell limit order at the recent high. Let's see how this unfolds in the next coming weeks.

@blackman007.

samfelly:
Ah, finally, my TP don clock on my/Praisegod4u blueguardian's account.

High chief Geedot, if gold no kiss 2852, I no go short am, long term - imo o

Disclaimer: We're not MM o. The market may still do it selling (long term) from boss Geedot's proposed levels. That's The Market's Nature. And we'll simply cheer up, if anything happens.

dmahn:
Gap has been filled... Let's see if price will continue downward... I'm selling Silver

dmahn:
Stop has been moved to BE...

Donsheddy:
Nice ride

dmahn:
Stop has been moved to BE...

dmahn:
Chief don

geedot:
Gold has been on my watchlist for weeks now without me acting. The last time price was around this zone, it sold down, but not much as I had anticipated because I expected it to come back for some retest.

It came back to the zone on Friday and there were lot of buy volume activity at the top but price started stalling again as I had envisaged. Could be that the buyers are being absorbed or maybe some shorts stopping out. One thing certain is price is not moving as it should with such heavy buying happening at the zone.

I've entered a short and have another sell limit order at the recent high. Let's see how this unfolds in the next coming weeks.

@blackman007.