BullBearMkt:

...@redsox11, I really like your reversal trading strategy. Could you pls help provide me with any learning platform/docs to study the mean reversion trading?
Thanks a lot

redsox11:


I'm not sure there's documents or learning platform, as I've got all this in my head only, hehe. Mainly experience and intuition, although I've got indicator that I use to help with area to look for entry, but it's still me that will make the decision, not the indicator.

Example of experience ; Say when GBP was flying all over the place yesterday, I know not to touch it later, I know not to try counter trade, I know to go wait around 9-11 pm Nigeria time, that all the strength would have dried off by then, for a good possible reversal trade entry.


Example of experience ; Say GBPUSD OR GBPJPY move up 180-240 pips in a day (STRONG TRENDING DAY like yesterday), I know that it's very likely asian session will try trend towards to previous day direction say 20-35 pips (those are fake buy signal). The fake buy at the asian session gave them away that I have to look for SELL instead.

Ps: Check GJ yesterday move and today asian session for illustration.

coolvibes:

Oga CP come drop oyel trades for us in d biz section na

AwesomeDuru:
Pipnator I hope you took the USDCHF sell trade. The bears have now arrived. I bought GBPUSD too. The two trades have very nice RR.

currentprice:


bro. no special things to say since my last post cos oyel reverse to breached that important resistance levels, so up it goes. we might see some pullback from here depending on the reaction to those green levels.

seyiade26:
A bit of a variation on Sir Redsox11's terrific methods. I realized today (by eye check not trading failure) that I still have some way to go to fully do this.

Kindly ignore the upper trade here. It was a slip of hand. And sorry my promise of a different method has not been fulfilled.

I hardly trade much currently. I mostly watch, backtest and improve. I will try later...

AwesomeDuru:
Pipnator I hope you took the USDCHF sell trade. The bears have now arrived. I bought GBPUSD too. The two trades have very nice RR.

seyiade26:
I really hope you see the variation I am talking about...

seyiade26:


Update: lower trade just closed for equalizer on yesterday's loss. Also won EU sell I was a bit afraid to post. Upper trade now left as free trade. Since I am using mobile I will manually trail it...

PIPnator:



Hope your trades are protected.
USDCHF seems to be at support.
GBPUSD at resistance.

However, lets wait until daily close to determine.

AwesomeDuru:
Yes boss. GBPUSD closed at Break even. I didn't like the candle that was forming so I moved sl to BE and now it has been taken out.

USDCHF is still open though. If sl is taken, I would lose very little (22 pips - $2.20). This is why entries should be fine tunned to ensure good RR.

I still have a bearish bias for USDCHF unless last LH is taken out conviniently. Which other pairs are you looking at?

infofirst:


I have messaged you. Reply and let's interact and I will drop the $100 right away. Please maintain the demo and never compromise money management. It's an unforgivable sin in this business.. I wish you only the best in fx and in life. Cheers.

So which broker will you opt for?

AwesomeDuru:
Hi everyone, infofirst just delivered on his promise. He sent me N37k with enough encouragements and words of wisdom.

You're a gem bro. I am really touched that there are people like you on this planet still. You have a kind heart and I pray life rewards you adequately for this goodwill gesture. You have won my heart and respect forever. Thank you so much.

redsox11:


Keep up the good work.

AwesomeDuru:
Yes boss. GBPUSD closed at Break even. I didn't like the candle that was forming so I moved sl to BE and now it has been taken out.

USDCHF is still open though. If sl is taken, I would lose very little (22 pips - $2.20). This is why entries should be fine tunned to ensure good RR.

I still have a bearish bias for USDCHF unless last LH is taken out conviniently. Which other pairs are you looking at?

iapplecoin:
Hello, my name is jafunmi, I have been following this thread as a ghost reader and believe me, it has been very wonderful, I've got lot of motivation and ignition to start this trading, all thanks to you guys here
I've decided to go back to babypips and start all over again, please I'm ready to to take every useful hint given to me
Make me a pro trader, let's rock the world of forex together
I'm ready to learn oo
Thanks

Oyel man
Tunderr
Infofirst

And everybody

fxmoneysignal:
We can help you.If you are ready to make it in forex you need a mentor.Lets help you succeed.

PIPnator:
Aussie Employment change in a bit..

AwesomeDuru:
Yes boss. GBPUSD closed at Break even. I didn't like the candle that was forming so I moved sl to BE and now it has been taken out.

USDCHF is still open though. If sl is taken, I would lose very little (22 pips - $2.20). This is why entries should be fine tunned to ensure good RR.

I still have a bearish bias for USDCHF unless last LH is taken out conviniently. Which other pairs are you looking at?

BullBearMkt:
@PIPnator thanks for posting this. NZDCHF is on my radar too. I am looking forward to 3 scenarios to play out. The first 2 are my possible target to go long on the pair while the 3rd, a bit riskier - breakout from its consolidation:
1. Pair pullback to trendline before testing the resistance at 0.69
2. Pair pullback to support @0.675 & testing the resistance at 0.69
3. Pair breakout from the consolidation and rally above resistance

I have a bullish sentiment about the pair, but for now it's for @redsox11 - mean reversal to bring it to my target price

PJAMES1:


Exactly.. A good entry is very important. Did you see my post on a 50% retracement entry. I know it might not be part of how you trade.. I mean engulfing pattern and all. But check out the difference if one had entered at that point... Works for pinbars too.
I moved the stop to BE. I am hoping it bounces down the zone of the trendline(s). I still have a bearish bias too. Trade based on a daily setup. Still looking doooown but what do I know. One has to adapt to whatever the market is saying. Let us wait and see what happens.

tabtabtab:
Could anyone please recommend a good and reliable BROKER for a forex beginner and that can accept $10 and below for start.. And taking other factors like LEVERAGE, COMMISSION into consideration.