currentprice:


oil fly? not yet,, may be after one more down leg. I have a sell position on

wickyyolo:
My oil analysis will play exactly.

priceaction:
Does anyone using forextime naira ? Apart from that shina guy? I want to test it for a few bucks. May be starting with their live cent account. Does it have all the instruments ( may be I will download demo). And what about their withdrawal (any charges)? .I never traded with any Nigerian broker, not anyone. But I just like to play with them but I don't want any stories that touches.

ThinkinBig:


I use their standard naira account. The charge on withdrawal is very minimal - VAT on withdrawal.

redsox11:
Holding from yesterday, recon some will take me out @ Breakeven.
I'm going to have to sit on my hands now " saving my ammunition ", as I'm not seeing high probability entry (I rather take A+, B+ entry and lose the trade , than enter a C- trade and win... Building bad habits.)

redsox11:
The thing is, I take hit (SL) every now and then as it's part of the business , but my entry are usually tight. If I successfully deploy my entry, I usually can have something of 1:5 to 1:10 ( R:R )

SL not more than 10pips above or below hourly chart, usually.

Ps: GCAD- Hourly and 15mins chart.

Pps: I usually just trade what I see and try not to be married to my trades, so I move with with the flow.
If I'm wrong, I take a small loss and move on to the next.

JLINE:
Eu buy now with 30 s/l ...looking at catching around 150pips possibly. Valid norm tgt in focus.
Shalom.

wickyyolo:
My oil analysis will play exactly.

Pipsbasketings:


Bet yyyyyy?

Pipsbasketings:
Lesson to everyone based on my previous basket call.
See stoploss as a price magnet, imagine that price detects your SL and fetches for it. Meaning price direction often goes your predicted direction but may first fetch for your SL in the opposite direction to take it off and then continues in your predetermined direction.
This lesson teaches you to loosen up your SL and use a good risk/money management. For example, I sometimes have a SL of 200pips on D1, yours could be 100 on H4 or lower. PS: Please note that this information is not valid for scalpers.

I will upload pix when I go on computer

JLINE:

Eu possible retrace to 1415/19...still watching the larger norm tgt at 15** or 17**
SHALOM

Pipsbasketings:
This I meant.

Just before the close of today, I will enter sell again and ride it like I initially expected. Meanwhile, the other three pairs are doing very great; they helped replenished the lost pips on GNZD and with some extra pips.

redsox11:


If it regularly nip your SL and go to the intended direction.
Just a suggestion, why not put another entry right at your SL area with a very tight stop (extra 10-15pips.. would make for great R:R).

Just a suggestion as you'll have a better idea than I do.

Pipsbasketings:
Good idea but the idea is that my SL rarely gets it may be about 1/10 and this is due to the lesson I posted up there.

When SL is hit, I relax for the pair and wait for the radical candle to close, check again if its close value validates another entry signal, enter again and set another stop loss but now at a different SL based on the high or low of the radical candle. If you enter again just immediately after your SL is taken, who knows if it may continue in that opposite direction, this is why the best bet is just to chill for the candle to completely settle by its closure, then check again.

Cheers

JLINE:
Uj having a 112.89 attraction b4 115...retraces will occur too.
Shalom

redsox11:

"SL rarely gets it may be about 1/10" That's definitely far from anything close to regular. You're right about not re-entering and waiting for market to settle.

wamiikechukwu:
abeg those any one know any true ECN broker have has a low money requirment.

biko

Pipsbasketings:
I made a rough, very rough estimation (may be), but it is true that SL rarely gets hit. I close a trade when a reversal occurs which doesn't necessarily have to occur after a SL is hit,

Hope you grab, not complicated

Pipsbasketings:
GNZD readded with 8.0 spread.

prettyboey:
Update on USDCHF

redsox11:

That's a lot. For the life of me, I could never trade GNZD profitably. I envy you.