₦airaland Forum

AwesomeDuru:
I don't trade this pair, but if I did, I would have a sell bias. Notice how price conveniently knocked out the previous Higher Low with a very long red candle? That would have been my signal. I would only wait for price to pullback to somewhere around the dotted line levels before I start selling.

But I'm very curious to see what price would do in this case. Keep us posted please.

AwesomeDuru:
EURNZD and GBPNZD looks like a sell now. But I will be staying on the sidelines if two big bosses like you and Pipnator have a Buy Bias.

I'm looking at USDCAD too. I'm waiting for a pullback to join the buyers.

PJAMES1:
Big boss? ��
Not a boss at all
I just started learning like you too. I just post my opinions. What I see. Sometimes they are wrong.

USDCAD looks up. But like pipnator noted, there is a high impact news coming up. Better to wait until after then to see what happens.. Interest rate decision for CAD.

PJAMES1:
Big boss? ��
Not a boss at all
I just started learning like you too. I just post my opinions. What I see. Sometimes they are wrong.

USDCAD looks up. But like pipnator noted, there is a high impact news coming up. Better to wait until after then to see what happens.. Interest rate decision for CAD.

PIPnator:
Yea, thats the reason I wrote, 'If it consolidates further and doesnt break the trendline'.

When im trading a pair, i like to also watch the opposite of the pair to see reactions from both sides.
In this case, Im watching USDCHF and the opposite for me here will be CHFJPY. You will notice too I was discussing GBPAUD in relation to AUDUSD as the opposite here.
Im considering USDCHF for a trade.
USDCHF is consolidating and may fall and if it happens, CHFJPY may likely rise after consolidating.
Also, when you check that CHFJPY on the daily, you will notice that the bigger trend is upwards and its likely making a retest of the break out area. But as I also say, im openminded. Will follow what price does irrespective of my analysis.

AwesomeDuru:
Alright boss.

NFP is this week right? Friday?

AwesomeDuru:
Are you looking at GBPAUD? It has currently touched a resistance that has held in the last 3 years. I see this pair dropping heavily from here. It's starting to show signs of falling already.

cc Infofirst
PJAMES1

PIPnator:
USDCHF 4hrs
Could this be a break out and retest?
Are we gonna see a sell if the retest is confirmed?

AwesomeDuru:
Lol. Really? You have gone live right?

PJAMES1:
Not trading live at the moment. Not likely I do for the next six or seven months for some reasons. I have traded a live account before though. A short trading career . I grew 70 USD to about 200USD in two weeks. Then blew in a matter of seconds. Wanted to trade a news event. I was very naive. Plus greedy. Opened a lot size of 0.3, I think equity size at the time was about 160,170 USD. A couple of pips.. Margin call. Can't do something like this again.

Learnt immensely from the short time and the margin call.
I am never trading news again.

One can't precisely say what will happen to a currency pair. One must always have it in mind that the market can go against one's bias or position. That would make one have capital protection in mind when opening trades. One must always have it in mind that the opposite of what I expect to happen can happen.

Money management is almost everything. Before opening a trade, one should think if there is a flash crash that goes against me while I am in this trade, would my account still be fine. One must protect one's capital at a cost. If one loses one's capital, then one can't trade. Mine was particularly annoying because the other trades were doing fine even after I got the margin call. Would have been very fine if I had not made that decision to trade the news.

Psychology is very important. You can have nice setups.. Get the direction the market would go and still make losses..

I needed to work on my entry. Already doing this. One doesn't just jump into a trade because a resistance or support was broken or sth. There is a need to know what exactly one is doing.

At the moment.. Not going to invest my money yet. A lot of things still to work on. Getting there slowly. It's a gradual process.

seyiade26:
My brother

JoshMedia:
Hi guys.

What do you think about FXTM investment account?

What are the risks or disadvantages?

They offered to pay 50% profit

Cc: PJAMES1, PIPnator, AwesomeDuru, seyiade26, JAkpayen

JoshMedia:
Hi guys.

What do you think about FXTM investment account?

What are the risks or disadvantages?

They offered to pay 50% profit

Cc: PJAMES1, PIPnator, AwesomeDuru, seyiade26, JAkpayen

seyiade26:
50% a week or month??

JoshMedia:
Profit. Each trade profit is 50%

Day, weeks, or months.

seyiade26:
You mean they will take 50% of profits and 0% of losses? I was actually thinking you meant 50% account increase à year.

What you're saying now is even less exciting. What is in it for me?

I think I recognize you on this thread and thought you were a fantastic trader already. Why would you want to do this?

JoshMedia:
It's time, I bearly have enough of the time.

seyiade26:
Should have gone in thicker on this. To just double this tiny live account. Trend people are enjoying sha

JoshMedia:
Hi guys.

What do you think about FXTM investment account?

What are the risks or disadvantages?

They offered to pay 50% profit

redsox11:
That was perfect entry, I couldn't even get close to that if I try. Don't bet too much % on 1 trade though.



You should be very wary of something like this. 50% monthly or ?

redsox11:
You should be very wary of something like this. 50% monthly or ?

JoshMedia:
50% on each trade profits. They said they don't share loss too, meaning when there's loss, I bear it alone while we share profits.

I might have to wait for 122 days and any profit added to the account will be divided by 50%.

JoshMedia:
Moreover, can someone suggest a better broker with low spread. FXTM spread appears to be killing when I compare to that of SA.

kozmicity:
I'm confused again... Could this be network?

PJAMES1:
Not trading live at the moment. Not likely I do for the next six or seven months for some reasons. I have traded a live account before though. A short trading career . I grew 70 USD to about 200USD in two weeks. Then blew in a matter of seconds. Wanted to trade a news event. I was very naive. Plus greedy. Opened a lot size of 0.3, I think equity size at the time was about 160,170 USD. A couple of pips.. Margin call. Can't do something like this again.

Learnt immensely from the short time and the margin call.
I am never trading news again.......... Mm

I needed to work on my entry. Already doing this. One doesn't just jump into a trade because a resistance or support was broken or sth. There is a need to know what exactly one is doing.

At the moment.. Not going to invest my money yet. A lot of things still to work on. Getting there slowly. It's a gradual process.