₦airaland Forum

Happy New month Fellow Traders, it is kinda exciting the way algorithmic trading is evolving all over the world to ease humans , Meanwhile you can host your
trades on VPS from amazon web services...... https://www.nairaland.com/3322641/how-get-free-vps-30gb, Happy Trading

JLINE:
you are welcome on board bro,lets take a leap and see how far we go. i believe and know we will go far and at the end achieve our goal.
i will be frequent from now on and giving analysis (based on precised entries and exits with exact figures) try keep in touch here,it will help faster and you know what i mean.

Yeah sure i know what you mean bro...

Possible EURCAD BUY
I don't like d pair that much but it's worth a shot.

Trade at ur own risk

.

Pipsbasketing:
Basket running a total of about 4,100 pips (about 300% return far more than the required minimum/least 20% monthly return.

[size=15pt]SEEK YE THE KNOWLEDGE IN FX AND EVERY OTHER THING WILL BE ADDED[/size]

I'm happy for you bro.


Keep filling in those baskets,

Pipsbasketing:
Basket running a total of about 4,100 pips (about 300% return far more than the required minimum/least 20% monthly return.

[size=15pt]SEEK YE THE KNOWLEDGE IN FX AND EVERY OTHER THING WILL BE ADDED[/size]

This your basket trading system is really tempting, comparing ur entries with mine, i could have entered same trade with my system instead of letting those pips waste. It seems am really going to try this out on another account.

i have place all trades under protection mode...got to watch what NFP will do.
analysis loading...total of Gbpnzd has reached 780+ will wait till it reach like maybe 2000+ before considering any diversification,meanwhile 4th position will be loading.

Hello my Ogas in the house.
I am in Lagos and I want to open a live
account pls advise me on the best broker to open my account with.

Oga JLINE and PIPsBasket pls kindly respond to my request.
Thanks

calm house...NFP
Eurusd is likely to touch .11840 and then a move straight to touch .12445 when it gets there,anything might happen but that's where my TP will be.

Gbpnzd has got a valid .81925/.81859/.81424 to do,lots of levels here but most important concern is that the trend is bullish anyhow you see it.
started saying it from the beginning of the trend.

BigGold:
Hello my Ogas in the house.
I am in Lagos and I want to open a live
account pls advise me on the best broker to open my account with.

Oga JLINE and PIPsBasket pls kindly respond to my request.
Thanks

This question has been answered previously even in the previous page too(just like 1-3 pages away by me)...GENERALLY: newbies here should learn to read via previous posts,its really unnecessary replying same questions everytime.

It is well...

Gbpusd has to create a new high,then maybe i could think of leaving the trade for long term but for now will be watching 50/50 .

i had uj nice time..tried breaking above the NORM to stop hunt but my jlines got me safe,then a break below the norm...the normal thing now is to re-test the norm and a drive down.
if uj is to drive down then eu is to drive up maybe.

its around that time when oil is to be bought again as price is currently sitting on the norm at 43.45,lowest it might go is 42.48 or might not even get there but its around that time to buy and entry should be sort for.

uj next buy point is 101.76/101.500 and that's where price is going currently now being a new mid.

JLINE:
uj next buy point is 101.76/101.500 and that's where price is going currently now being a new mid.

meaning fib has been re-positioned from the previous position??

prettyboey:
meaning fib has been re-positioned from the previous position??

yes using the new high,don't close the previous ones just open a new chart for the new swing high. the norm at 101.76 is valid only if it holds the price and creates a new high which will invalidate the previous swing low and then finally invalidates the previous swing low too.
1st chart is previous and 2nd chart is new...
keep this in mind : remember the decades old chart on uj says bearish while the new decade old chart says bullish but the new decade old chart created a new high.(monthly chart)
mid term use the charts below while having the larger moves close,so you don't get caught in between.
hope this clear view helped.

JLINE:
yes using the new high,don't close the previous ones just open a new chart for the new swing high. the norm at 101.76 is valid only if it holds the price and creates a new high which will invalidate the previous swing low and then finally invalidates the previous swing low too.
1st chart is previous and 2nd chart is new...
keep this in mind : remember the decades old chart on uj says bearish while the new decade old chart says bullish but the new decade old chart created a new high.(monthly chart)
mid term use the charts below while having the larger moves close,so you don't get caught in between.
hope this clear view helped.

Awesome bro it has cleared the smoke on my screen. I never thought of approaching it this way...You are really the technical analyst..

prettyboey:
Awesome bro it has cleared the smoke on my screen. I never thought of approaching it this way...You are really the technical analyst..

lol...still learning bro. one of the advice that helped me a little from a pro trader
"whatever style you want to use;use it.whatever it takes;do it. one thing that is most important is for you to PARTICIPATE. don't just speculate and watch,PARTICIPATE TOO. if you think its buy from what you know,then buy but if you think its sell,then sell but just do one thing PARTICIPATE in the market".

JLINE:
lol...still learning bro. one of the advice that helped me a little from a pro trader
"whatever style you want to use;use it.whatever it takes;do it. one thing that is most important is for you to PARTICIPATE. don't just speculate and watch,PARTICIPATE TOO. if you think its buy from what you know,then buy but if you think its sell,then sell but just do one thing PARTICIPATE in the market".

+1
Wise Words to live by!

Which brings me to the quote below me.

Pipsbasketing and jline, nice trades you get there . you know how to play by the rules.

My advice for the new competition,
Is to open a thread for it.
Where there would be lay down rules.
Reasons for marketers and thread hijackers,
And for my candid opinion,
[s]Starting with $10 is quite to tight, probably we would level up abit to like $30 or $50 for proper risk management.

My MM isn't bringing lot size for $10 [/s]

Edit: $10 can be treated same way $10,000 is treated,
It's a matter of the mindset.
Let it begin.

And over there,
Members can be posting their summary (weekly,monthly, quarterly etc ect)

IMHO

Feshizzy:
My advice for the new competition,
Is to open a thread for it.
Where there would be lay down rules.
Reasons for marketers and thread hijackers,
And for my candid opinion,
[s]Starting with $10 is quite to tight, probably we would level up abit to like $30 or $50 for proper risk management.

My MM isn't bringing lot size for $10 [/s]
Well, that's nice sugest
Edit: $10 can be treated same way $10,000 is treated,
It's a matter of the mindset.
Let it begin.

And over there,
Members can be posting their summary (weekly,monthly, quarterly etc ect)

IMHO

Nice suggestions but if we start on different thread, it might not be active as this. If it is not active ,then the so called marketers will still do all manner of posting there.
Even this one is still struggling to be active ( probably no thanks to the margin calls some might have experienced) or many have stay aside from forum or FX generally.
If we likely use this place, we can just post account summary probably weekly/ monthly and most importantly analysis of trade you likely took and Or about to take ,may be others can see.
We can just tag each posting related to the challenges as " my sub-account trading update" or something like that so that it doesn't affect the general thread.
On account opening balance , I think any amount should go but may be should be max. Of 50$ because some brokers will not allow 10$ trading truely. We need just to follow the plan and excel sheet since it is slow, and steady kind of. That's my opinion anyway.

Feshizzy:
My advice for the new competition,
Is to open a thread for it.
Where there would be lay down rules.
Reasons for marketers and thread hijackers,
And for my candid opinion,
[s]Starting with $10 is quite to tight, probably we would level up abit to like $30 or $50 for proper risk management.

My MM isn't bringing lot size for $10 [/s]

Edit: $10 can be treated same way $10,000 is treated,
It's a matter of the mindset.
Let it begin.

And over there,
Members can be posting their summary (weekly,monthly, quarterly etc ect)

IMHO

Great minds think alike. I have started already today- d 1st of the month ,since this is collaborative, the most important thing is posting the weekly and monthly summary of performance.

Can't open a separate account for this cos I'm operating about 3 live accounts presently. Don't know y I'm having issues with linking this account to myfxbook dashboard.

3 years :if this can be stuck to ,we would all end up being better traders. .best of God in this journey .

priceaction:
Nice suggestions but if we start on different thread, it might not be active as this. If it is not active ,then the so called marketers will still do all manner of posting there.
Even this one is still struggling to be active ( probably no thanks to the margin calls some might have experienced) or many have stay aside from forum or FX generally.
If we likely use this place, we can just post account summary probably weekly/ monthly and most importantly analysis of trade you likely took and Or about to take ,may be others can see.
We can just tag each posting related to the challenges as " my sub-account trading update" or something like that so that it doesn't affect the general thread.
On account opening balance , I think any amount should go but may be should be max. Of 50$ because some brokers will not allow 10$ trading truely. We need just to follow the plan and excel sheet since it is slow, and steady kind of. That's my opinion anyway.

Well said bro,
We would remain here,
And use hashtags for trade reports/account summary.
I like you idea,
$50 max, is a good choice also, make bp reduce small

You have cleared the air from my perspective.

Best of luck to all traders here in NL.

drbashfx:
Great minds think alike. I have started already today- d 1st of the month ,since this is collaborative, the most important thing is posting the weekly and monthly summary of performance.

Can't open a separate account for this cos I'm operating about 3 live accounts presently. Don't know y I'm having issues with linking this account to myfxbook dashboard.

3 years :if this can be stuck to ,we would all end up being better traders. .best of God in this journey .

You know my honest opinion? It is impossible because of the psychological aspect of trading. And not with the amount you are talking about. A lot of traders don't realize that insufficient start up capital is one of the major reasons people fail in forex. Just my opinion though. Someone out there might be the exception to the rule.

^^^
Trading is about the mindset.
Like a great trader once said " the holy grail is right in your head"

Sir priceaction what are the rules?
Are we to follow our own MM scheme?

Feshizzy:
^^^
Trading is about the mindset.
Like a great trader once said " the holy grail is right in your head"

Sir priceaction what are the rules?
Are we to follow our own MM scheme?

It is not only about the MM scheme. It is about the psychology of it. Trading with an amount that small will frustrate the living hell out of you. That is not my opinion. It is a fact. I wouldn't even advice anyone to start trading with 300 dollars not to talk of 10. Trading is boring most of the time but can be addictive. When you don't start seeing results or action the way you want, that's when you will start making mistakes.

pippimp:
It is not only about the MM scheme. It is about the psychology of it. Trading with an amount that small will frustrate the living hell out of you. That is not my opinion. It is a fact. I wouldn't even advice anyone to start trading with 300 dollars not to talk of 10. Trading is boring most of the time but can be addictive. When you don't start seeing results or action the way you want, that's when you will start making mistakes.

Well, I beg to differ,
If I haven't done it before, I would have said the same.
For me personally sometime ago last year, I turned my $13 to $121 in 2 weeks then I withdrew it .

One just have to learn to manage risk properly, and be selective with trades,

Well, that is why it's a challenge,
And i'm in, **winks**
And again, by this time next year,
My $10 account would have grown to $3,000

I understand it may look good on paper,
Well, isn't that where all big dreams starts?

My little advise for the hashtag,
I suggest traders participating should have like a unique serial identification,
So someone outside shouldn't just join the cue unannounced.

For example,
#NLDreamTeamTrader001
#NLDreamTeamTrader002

And so on.

This would make reference to help analysis traders progress and differentiate it from other post.

Regards,
EF

Feshizzy:
Well, I beg to differ,
If I haven't done it before, I would have said the same.
For me around last year, I turned my $13 to $121 in 2 weeks then I withdraw.

One just have to learn to manage risk properly, and be selective with trades,

Well, that is why it's a challenge,
And i'm in, **winks**
And again, by this time next year,
My $10 account would have grown to $3,000

I understand it may look good on paper,
Well, isn't that where all big dreams starts?

My little advise for the hashtag,
I suggest traders participating should have like a unique serial identification,
So someone outside shouldn't just join the cue on announced.

For example,
#NLDreamTeamTrader001
#NLDreamTeamTrader002

And so on.

This would make reference to help analysis traders progress and differentiate it from other post.

Regards,
EF

You've just itemized the reasons why it would not be successful. You've just said you turned $13.00 to 121 in two and you don't see a problem with that. 2) You withdrew from the account. Don't get me wrong, i am a firm believer that you must withdraw from your account monthly because you have to pay yourself, but if you start with an account that small, you may never achieve your desired goal. Which is why i have multiple accounts. If you look at my fxbook account that i created, i always withdraw from it weekly, else the account would have tripled by now. I have another account like that which i withdraw from. My main account i don't touch for no reason. I do this because when i first started compounding, i just couldn't get anywhere because of frustration. What you are trying to do, i have tried to do it. I know a lot of people who have also tried and we all failed. Compounding is probably the only way to real wealth in forex, but not with amounts like that.