₦airaland Forum

priceaction:
Bro, i understand your point and with bolded, am not talking about less experienced trader, trust me. Many traders have blown $000000s away because they dont know how to trade, fact!. But no need to argue, do you know that if you are good to trade and have huge capital, you will likely trade less time frame and spend less on your pc. You will hardly scalp and you will be trading swing on inter day charts. Just go through successful traders AND FUND MANAGERS STARTING FROM myfxbook that have maintained positive results for years. What do they have in common They are long term traders, huge capital, good draw down and most importantly, look at their percentage gain over the years. It might just be less than 30% BUT THAT ALONE MAY BE IN HUNDREDS OF THOUSANDS OF DOLLARS. If you are familiar with recent events on FF ( forgotten his name now), a guy lost about $35K in a trade to forex.com on exotics trading and was challenging them on manipulating his trades and people were discussing him, when i did my investigation on him, i saw that his total gain in dollars was over $400K on same account. He is very good but not a intra day trader and you wont see them making noise. He doesnt trade as we are. With all sincereity, can you say you make a lot from forex trading continously months in months out, even as we keep saying you are good ever since you have started trading? If you are good, If you are not,,, then you should know the reason now.

Believe me, if you have good capital and knows what you are doing, you wont sit down every now and then in front of your computer be looking for signals here and there, and taking irrelevant trades. All what you need is quality few trades within a month and add positions. But do you have the capital to manage the DD and the risk? If you think is easy without capital and good skills, all those guy trading and winning demo contests would have been multimillionaire now.

points now well articulated and understood better...FACT.

Always keep in mind that : There exist no such spot market in the interbank. Its is a cross of two Majors.Cross pairs are normally very dormant, but when they tear, its very wild and swift...that's the major reason i have eurusd and usdjpy at my side.

JLINE:
Always keep in mind that : There exist no such spot market in the interbank. Its is a cross of two Majors.Cross pairs are normally very dormant, but when they tear, its very wild and swift...that's the major reason i have eurusd and usdjpy at my side.

Am sharing my experiences,findings,secrets and some facts about the market...you don't have to listen but keep them close to the heart as you might need them,i said MIGHT not should. you won't find them everywhere and if you do maybe not the way i shared them.
everybody seems to be a listener than actually communicating and the only person that was communicating got off.

JLINE:
Always keep in mind that : There exist no such spot market in the interbank. Its is a cross of two Majors.Cross pairs are normally very dormant, but when they tear, its very wild and swift...that's the major reason i have eurusd and usdjpy at my side.

This post is what a MILLION DOLLAR...you might not understand my friend but put up any chart without the major pair and i will tell you the trend of where its going from the beginning of the year,there is no indicator.

priceaction:
Bro, i understand your point and with bolded, am not talking about less experienced trader, trust me. Many traders have blown $000000s away because they dont know how to trade, fact!. But no need to argue, do you know that if you are good to trade and have huge capital, you will likely trade less time frame and spend less on your pc. You will hardly scalp and you will be trading swing on inter day charts. Just go through successful traders AND FUND MANAGERS STARTING FROM myfxbook that have maintained positive results for years. What do they have in common They are long term traders, huge capital, good draw down and most importantly, look at their percentage gain over the years. It might just be less than 30% BUT THAT ALONE MAY BE IN HUNDREDS OF THOUSANDS OF DOLLARS. If you are familiar with recent events on FF ( forgotten his name now), a guy lost about $35K in a trade to forex.com on exotics trading and was challenging them on manipulating his trades and people were discussing him, when i did my investigation on him, i saw that his total gain in dollars was over $400K on same account. He is very good but not a intra day trader and you wont see them making noise. He doesnt trade as we are. With all sincereity, can you say you make a lot from forex trading continously months in months out, even as we keep saying you are good ever since you have started trading? If you are good, great, If you are not,,, then you should know the reason now.

Believe me, if you have good capital and knows what you are doing, you wont sit down every now and then in front of your computer be looking for signals here and there, and taking irrelevant trades. All what you need is quality few trades within a month and add positions. But do you have the capital to manage the DD and the risk? If you think is easy without capital and good skills, all those guy trading and winning demo contests would have been multimillionaire now.

Best Post of the month.

Then with the above information i claimed worth a million might just be too emphasized...lol
but lets go through a rigorous check of how it works then if its worth it or not... There are 4 major crosses which are Eurusd,Usdjpy,Gbpusd and usdchf. well then i chose to pick Eurusd and Usdjpy,personal reasons though...you can pay to know that though. lol kidding
Right on,so i study just 3 economy and those are where my attentions are focused...they are:USD,EURO AND JPY. with this i am able to trade other pairs with these crosses but not involving another major pair like GBP OR CHF...i mean with my 2 pairs named above(eurusd and usdjpy) i can trade other crosses like audusd,nzdusd and any other pair before usd in a particular format not minding that particular countries news and stuffs but not involving any other majors like gbp or chf.
seems like i am derailing the thread now,that was the reason i wanted to open mine and please someone should be bold enough to say that to me if i am actually derailing it so i can stop cos i have a lot to say not yet started...

JLINE:
Then with the above information i claimed worth a million might just be too emphasized...lol
but lets go through a rigorous check of how it works then if its worth it or not... There are 4 major crosses which are Eurusd,Usdjpy,Gbpusd and usdchf. well then i chose to pick Eurusd and Usdjpy,personal reasons though...you can pay to know that though. lol kidding
Right on,so i study just 3 economy and those are where my attentions are focused...they are:USD,EURO AND JPY. with this i am able to trade other pairs with these crosses but not involving another major pair like GBP OR CHF...i mean with my 2 pairs named above(eurusd and usdjpy) i can trade other crosses like audusd,nzdusd and any other pair before usd in a particular format not minding that particular countries news and stuffs but not involving any other majors like gbp or chf.
seems like i am derailing the thread now,that was the reason i wanted to open mine and please someone should be bold enough to say that to me if i am actually derailing it so i can stop cos i have a lot to say not yet started...

just in case you are looking for the right word..just in case.. SPAMMING is the right word.

jorel1:
just in case you are looking for the right word..just in case.. SPAMMING is the right word.

yeah i agree if you are using this definition but no other :spam
spam/
verb
gerund or present participle: spamming

send the same message indiscriminately to (a large numbers of Internet users).
what to do as there are no interactive audience,well my last post is already hitting the floor and i am out though

Yeah,the silence is killing...the reason why i trade many pairs are below and you might want to understand more above too.
like i said i follow the major,lets take eurusd as an example...if eu is going up,there might have been an event or something by euro or usd pushing it that way or their various CBs or better still technical factors.
from my little brains and everything up previously posted,eurusd is a major so i watch out for a trend and from the daily chart its uptrend after lets assume due analysis and many stuffs i arrived at say eurusd is up...when i am able to know that,it gets easier what i do next is buy NZDUSD AND AUDUSD,personally AUDUSD MOSTLY. these 2 pairs mentioned are the common i could relate with...i can't explain why this occurs and true about the market even if the later has major CBs news but still obey the trend of the former (eurusd),have got to go now. you might want to look at other charts and just try and figure but i already helped with eurusd and audusd chart below,there is an order to this stuff though...daily chart from jan till now.

since its weekend no problem.
go on sir J

priceaction:
NEIL fuiler is just a trend trader on higher tf especially daily .He likely uses trend reversal and continuation pattern with pin bar . They are inter day long term traders. Believe me, we are struggling in forex trading because we have less capital to play with. The advantage they have over us is that they risk very little with their huge capital with wider stoploss (kinda Swing). I have a friend in australia that has over $300k in one minor account and all he does is to make around 6k$ within a month which he claims it is enough for him for months.Thats just 2% ROI monthly.
Believe me if you risk just 0.2% of your capital and you are able to make thousands of $$$$ with that, you wont need any indicator or anyone to pay for holygrail. They will be able to manage their draw down well and add positions. The guy also owns synegyfx (broker) in australia, i think . One thing i discovered recently is that if you have low capital, it might be difficult to make money in spot fx because of manipulations and noise. Get good capital (or play with 100$ or based currency and above for high risk) and trade INDICES LIKE GER30 and JPN225 that has less than 1pip without commission from ecn brokers, and your account will never remain the same again. This is where the money is for scalper and silence money makers. I am not going back to spot fx again with investigations i have done

. cold bitter truth . the day i realised this was when my trading changed

jorel1:
Having more money in the account is no guaranty that your trades will end in profit .. In fact you could could end in a deficit in your first 5 trades and you end up only trying to make up for the losses, so you spend 2 months or so trying to make up for losses (From initial capital of $1M , you are down to $950K then spend 3 or 4 months to get it back to $1M at the end of the year maybe you end up with a break even or still negative ). and you call this making money ?? looks like a merry go round game to me

worst case scenario , revenge emotion comes in and you have to triple lot size to make up for the losses quickly (why not , afterall I have more than a enough capital) and then you begin to make irrational trade decisions..

One just needs to be good with trading and a good risk/money management process .. else if you claim to risk only 2% of capital and you are taking bad quality trades or dont even know right time to buy or sell , its just a waste of time...

If you know how to trade very well both technically and fundamentally when to place a buy sell order , you will make money consistently , you will even make much more money if you have a good risk and money management process coupled to it.
But if you are only sound with money / risk management , you wouldn't make money , only merry go round

This couldn't have been conveyed better. Thanks

Happy Sunday Pipful Pips,

Woke up early to round up my Q2 report....well, its quite bad, but not as bad as I expected though. So trading performance for April May and June:

APRIL

MONTHLY TRADES: 13
MONTHLY GOOD TRADES: 10
MONTHLY BAD TRADES: 3
MONTHLY PIP GAINS: +226
MONTHLY % GAINS: +4.7
MONTHLY % ACCURACY: 77%


MAY

MONTHLY TRADES: 20
MONTHLY GOOD TRADES:3
MONTHLY BAD TRADES:16
MONTHLY PIP LOSS: -539
MONTHLY % LOSS: - 10.4%
MONTHLY % ACCURACY:18%


JUNE

MONTHLY TRADES: 24
MONTHLY GOOD TRADES: 11
MONTHLY BREAK EVEN: 4
MONTHLY BAD TRADES: 9
MONTHLY PIP GAIN: +52
MONTHLY % GAIN: +2%
MONTHLY % ACCURACY:49%

Q2 Loss = -3.7%


Pheeew!!!!, Observing my Q2 report, the month of May was quite challenging for me. My trading accuracy nose dived, I bled pips like never before and losing streaks kept on coming.

I would love to tag the month of May as my darkest month this year. I went through an unbelievable series of events that affected me psychologically more than I was willing to accept as at that time. Looking back now, I should have taken a break off trading.

That said, better days, weeks and months lie ahead (that's the way of a shinobi)...

Happy Slashing

JLINE, I read all your subsequent posts. I think I can relate with your submission (s). May God help us.

PIPsharingan, your results in April were impressive. I think you can try to repeat April and if possible surpass it. Curiously though, the losses are more than the gains. You'd really need to understand your winning formula so as to gain consistently lest it looks like a trial and error trading.

I am still a learner but I'd say Weldone bro.

mrikay:
I remember his call to sell AudUsd recently... Capitals said buy... i agreed with capitals and bought... Money came in.... Bottom line: Fraud is Fraud in any colour.

lol...you see the thing. Most traders here are better than that Nail... though I learnt a lot from his articles.

Nail charges money and people are busy paying, but if na our fellow black man...hhhhmmm

I don't really get why we like playing the color(black) victim.
If you'll rather pay for Niel Fuller's training than Surv.eycash's then that's your business or should I say problem and none of mine.

Even if warren Buffet is organizing a $500 webinar, I'll kick a against it because that's a business (marketing) strategy not a forex trading strategy.

People give free pricefull, priceless and worthless FX advice, strategy et al every day all over the the net, why pay such sum for what you can get free online..

JLINE:
I have come to realize, mostly from this thread, that it doesn't matter what dance you dance, as long as you learn the dance well and become good at it to become a successful dancer at it.

When I first started trading, I was doing shorter-term, shorter-timeframes. I was okay at it, but I realized that my commissions ate up my profits. So, I decided to go the longer-term, longer-timeframe route. I was so convinced by my own experience that this was the only way to be successful and have consistent profitability, that I tried to convince others that this is the way to go.

However, I have come to realize,seeing how traders trade and just understanding more and more about the dynamics of trading, learning to read and feel the pulse of the market, etc., that there is no particular dance that is better than the other, it's simply a matter of becoming a master of the dance of your choosing and becoming successful at it.

Some people get slaughtered trading the news, while others do quite well. Some people make more money trading short term than long term, while the opposite is true for many others.

If you may be clumsy dancing the waltz, then perhaps the fandango is more your style.

Bottom line is ... dance the dance that suits you best and become a master at it. However, make sure that you have what it takes to dance that dance, otherwise you may end up with a broken leg that will be hard to recover, thus ending your dancing career very early in life

You can't say it all 'Egbon'. No Holy Grail,different stroke for different folk

PIPsharingan:
Happy Sunday Pipful Pips,

Woke up early to round up my Q2 report....well, its quite bad, but not as bad as I expected though. So trading performance for April May and June:

APRIL

MONTHLY TRADES: 13
MONTHLY GOOD TRADES: 10
MONTHLY BAD TRADES: 3
MONTHLY PIP GAINS: +226
MONTHLY % GAINS: +4.7
MONTHLY % ACCURACY: 77%


MAY

MONTHLY TRADES: 20
MONTHLY GOOD TRADES:3
MONTHLY BAD TRADES:16
MONTHLY PIP LOSS: -539
MONTHLY % LOSS: - 10.4%
MONTHLY % ACCURACY:18%


JUNE

MONTHLY TRADES: 24
MONTHLY GOOD TRADES: 11
MONTHLY BREAK EVEN: 4
MONTHLY BAD TRADES: 9
MONTHLY PIP GAIN: +52
MONTHLY % GAIN: +2%
MONTHLY % ACCURACY:49%

Q2 Loss = -3.7%


Pheeew!!!!, Observing my Q2 report, the month of May was quite challenging for me. My trading accuracy nose dived, I bled pips like never before and losing streaks kept on coming.

I would love to tag the month of May as my darkest month this year. I went through an unbelievable series of events that affected me psychologically more than I was willing to accept as at that time. Looking back now, I should have taken a break off trading.

That said, better days, weeks and months lie ahead (that's the way of a shinobi)...

Happy Slashing

I have been following this 'bros' for awhile now and I have decided to keep my comment to myself. Bros,know it well that I am still following you bumper to bumper and I will let loose my comment at the due season. Keep it up. Lips sealed,Fingers crossed!

Karlebolu:
I don't really get why we like playing the color(black) victim.
If you'll rather pay for Niel Fuller's training than Surv.eycash's then that's your business or should I say problem and none of mine.

[/b]Even if warren Buffet is organizing a $500 webinar, I'll kick a against it because that's a business (marketing) strategy not a forex trading strategy.[b]

People give free pricefull, priceless and worthless FX advice, strategy et al every day all over the the net, why pay such sum for what you can get free online..

i am sorry to disagree with you on the bolded...warren buffet is a legend on this field and if he charges $1m for a 1 hour training and i have the money i will pay. there is a little difference between those who just market and those who actually makes the money,bros buffet is the 4th world richest dude if i remember clearly or among the top ten. my personal advice is listen when that dude speaks cos he has more than the results to prove his got the brains,his achievements speaks louder...just my 2 cents though

i noticed the presence of the guy (our new celeb) we have been talking about, he has just entered our midst. i think its time and its only fair and natural for the Boss to respond to the allegations and counter allegations.


@house i think USD/JPY has the capacity to deliver at least 50 PIPS before end of trading day...so am placing a SELL order at my own discretion. i just checked weekly TF, it says we should buy. final verdict: is best to stand aside.

Over to you...you have the floor now....

Did anyone see what AUD/USD did on daily candles-- Friday close and Monday open? That's price correcting itself". Anyone one who traded it would have made some cool pips this early morning

If you need to exchange your Payoneer funds, I can do that for you. I exchange at the flat rate of 290 per $ and your bank account will be credited immediately.

If interested, beep me via whatsapp (08184042733).

Note: I only take orders above $100.

Shalom!

Buystop oil 49.31
sl 70pips
Tp 53.60
Let's see how it plays out

harizonal123:
Did anyone see what AUD/USD did on daily candles-- Friday close and Monday open? That's price correcting itself". Anyone one who traded it would have made some cool pips this early morning

yep I did

abbeyforex:
@sir Jorel1,like I said yesterday
Gold has just broken the minor resistance at 1325 to target the resistance at 1332
The break of 1332 on gold will give way for 1368 to come on board,then 1400.

*this is not a trade call but personal opinion*

Still counting !

Buy limit @ 1343 tp 1370 sl 1328
Buy limit @ 1338 tp 1370 sl 1328
XAU

I am placing half of my trading lot size at 1343 and the remaining half at 1338, tp same,sl same

Its my personal opinion and not a trade call.

I just bought gold @1347.90
sl 1340.00
tp open

Gold--- me 1348

JLINE:
i am sorry to disagree with you on the bolded...warren buffet is a legend on this field and if he charges $1m for a 1 hour training and i have the money i will pay. there is a little difference between those who just market and those who actually makes the money,bros buffet is the 4th world richest dude if i remember clearly or among the top ten. my personal advice is listen when that dude speaks cos he has more than the results to prove his got the brains,his achievements speaks louder...just my 2 cents though

Good Morning sir,

Are you wearing your trading googles?

Sell usdchf 150pips SL 1:1 to TP or more.
trade taken via weekly tf