Bolutumiii:

@Redsox11, I think one thing with my trading style is I don't take trade without retracement, atleast there should be a form of retracement.

That tool will take you in with a retrace... Look at it very well, you enter after retrace back into the zone. Sometimes you have to be flexible, go with the flow, be in tune with the market.

I am buying GOLD and GBPJPY. is it good?

wamiikechukwu:


i recommend fxvm, i have use them they offer 99.9% up time... what's i love bout them is they have a grace period of up to 7 days and its $19.9

using a vps offer by a broker is not too good except they give full administrative right to the computer, use them only to test your EA

thanks Bro!

mrikay:


I seriously thought oil was going down... Another reason to stay away from NEWS! If it breaks that resistance I am buying but will it?

Kindly post a follow up chart on Friday if you can sir. Thanks for the heads up!

CC: priceaction

...I'm only expecting USOIL major pullback within the highlighted triangle!

nennin:
I am buying GOLD and GBPJPY. is it good?

...depending on the timeframe you are looking at
-Weekly: Gold looks neutral and close to support level (1260.80). A break below the support will bring more bears while price can reverse and invite more bulls
GBPJPY: the week ends with indecision candle, expecting price to pullback gently to support level at 148.35 before it can rally again. BUY is good for swing trading

BullBearMkt:

...depending on the timeframe you are looking at
-Weekly: Gold looks neutral and close to support level (1260.80). A break below the support will bring more bears while price can reverse and invite more bulls
GBPJPY: the week ends with indecision candle, expecting price to pullback gently to support level at 148.35 before it can rally again. BUY is good for swing trading

thanks sir for your reply.

How understanding the Dollar index trend would help you in planning your trades in the coming week.

Just to share mine chart annotation for the Dollar to plan my positions (existing and potentials) and risk management in FX and Commodities #smartinvesting #Trendonomics

redsox11:
- Trading can be simple
- Simple can be profitable
- Indicators are not necessary
- Waiting is necessary
- Trust your eyes
- Always use stops or emergency stop
- Don't trade too big compare to your acc size, you'll be nervous, emotional and scared in trades.

Anyone care to add to the list?

Pivot point trading is very profitable especially on high time frames like weekly. When price breaks the weekly PP it breaks hard either up or down and 300 pips is most times guaranteed.

100pipsSL for 200 pips target is profitable too. Using buystop or sellstop at a Price level is also good than just buying or selling at market price.

GJ, GN and GA were my favourite pairs.
Babypips school, actionforex and forexfactory are good sites to to hang out too. Finally trading during holidays like xmas isn't advisable. Once its december you can trade 1-2 weeks then take a break until next year.

my trading style

Achimaechi:
my trading style

Your sub window is RSI that stick to up or down when you have OB and OS ? I've seen something like that before I suppose.

[quote author=redsox11 post=62105268] Your sub window is RSI that stick to up or down when you have OB and OS ? I've seen something like that before I suppose.

No not RSI but BBCI_v2_eMOD indicator , meant for binary trading but also good for forex trading.

Feshizzy:
Here comes the Broke Billionaire,
All show and no go!


Kadlaj carry your foolishness and go,
We don't want to join you,

After like 300 losses you then cut and join only the good few you managed to be in profit,


Kudos,
But no one is dumb enough to fall for such trash!

Sir, any proof of the bold, please?

BullBearMkt:

...depending on the timeframe you are looking at
-Weekly: Gold looks neutral and close to support level (1260.80). A break below the support will bring more bears while price can reverse and invite more bulls
GBPJPY: the week ends with indecision candle, expecting price to pullback gently to support level at 148.35 before it can rally again. BUY is good for swing trading

Good evening sir, pls sorry to disturb u. the gold buy still running with about 130+ pips, while the GBPJPY was later closed with -30+ pips. i entered GOLD buy @1267.43 and now the price is 1280, is there more room to move further?. i want to use this free $30 from XM to grow my equity.

Please guys, try and check this forex trader on the investment section, you will thank me later... There are lots of proofs... His good https://www.nairaland.com/4144071/forex-made-easy#62136470

Sell GBPUSD at the current price of 1.3175 and target 1.2785. Stop Loss is around 1.3200

Bring all your SKRILL, NETERLLER and BITCOIN for instant exchange to Naira.Kindly check signature for whatsapp contact.

redsox11:


Anyone care to add to the list?

1.If you don’t understand the maths behind account management, you will crash.

2.You must be ready to leave money on the table. If you want to get everything, you will lose the one you have. For example, if you are hell bent on getting 150 pips on a move because “that is the daily ADR”, you may go as high as 100 pips before crashing back down to zero.

3.Still on profit taking, a market based system of profit taking is more reasonable than fantasy. It is nice to have 1:10 R:Rs but it is fantasy if it is not price based. Where is the next support and resistance? What time of the day or week is it? For example. A day trader still hoping for a major move after UK session close is day dreaming.

4.The best forex strategies are mechanical. If you don’t have a set of rules you follow judiciously, you will allow subjectivity to creep in and you know how humans act especially when money is involved. Irrational and emotion based decisions.

5.Don’t fight to get a 100% success rate. Anything above 50% is good if you target 1:2 RR. If you keep changing your system with every loss, you will never grow.

It is nice to have 1:10 R:Rs but it is fantasy if it is not price based This is what i am gunning for now. So that i can make more money from a 20 pips move than a 200 pips move. My goal is to make money not pip. kikikiki. @Redsox should know where i quote this from..

bigbasho:
It is nice to have 1:10 R:Rs but it is fantasy if it is not price based This is what i am gunning for now. So that i can make more money from a 20 pips move than a 200 pips move. My goal is to make money not pip. kikikiki. @Redsox should know where i quote this from..

I think pips is Money as far as Fx is Concerned, without making pips, one can't make money.

Gazelle22:
Sell GBPUSD at the current price of 1.3175 and target 1.2785. Stop Loss is around 1.3200

You as well trade according to the attached image

Shevychen2:

1.If you don’t understand the maths behind account management, you will crash.

2.You must be ready to leave money on the table. If you want to get everything, you will lose the one you have. For example, if you are hell bent on getting 150 pips on a move because “that is the daily ADR”, you may go as high as 100 pips before crashing back down to zero.

3.Still on profit taking, a market based system of profit taking is more reasonable than fantasy. It is nice to have 1:10 R:Rs but it is fantasy if it is not price based. Where is the next support and resistance? What time of the day or week is it? For example. A day trader still hoping for a major move after UK session close is day dreaming.

4.The best forex strategies are mechanical. If you don’t have a set of rules you follow judiciously, you will allow subjectivity to creep in and you know how humans act especially when money is involved. Irrational and emotion based decisions.

5.Don’t fight to get a 100% success rate. Anything above 50% is good if you target 1:2 RR. If you keep changing your system with every loss, you will never grow.

As regard item no 5, the last sentence that begins after the fullstop is important, one can't just keep changing systems with each loss, there ain't gonna be growth, it's all about taking a system, set a target nd exploring the system,if one is going to change a system, it should be after evaluating based on the overall result made by the system or perhaps ones personality nd not after each loss.

Bolutumiii:

I think pips is Money as far as Fx is Concerned, without making pips, one can't make money.

And i mentioned if i have a good R:R i can make more on a 20 pips move than a 200 pips move. please read meaning to my statement.

bigbasho:
It is nice to have 1:10 R:Rs but it is fantasy if it is not price based This is what i am gunning for now. So that i can make more money from a 20 pips move than a 200 pips move. My goal is to make money not pip. kikikiki. @Redsox should know where i quote this from..

how possible is this, according to your statement of 20 instead of 200. I will like to learn how you do it.

U1:

Sir, any proof of the bold, please?

Where is Kadlaj now? Still need more proof?

nennin:
how possible is this, according to your statement of 20 instead of 200. I will like to learn how you do it.

I have seen Redsox trade this way. I am still learning it