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Forex Trade Alerts: Season 20 - Business (226) - Nairaland

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Re: Forex Trade Alerts: Season 20 by highcurrent: 7:46pm On Mar 21, 2020
@Ak284, what's the name of that Nigerian broker you do use, that trades in naira?
Re: Forex Trade Alerts: Season 20 by AK284(m): 7:48pm On Mar 21, 2020
PipMarshall:
AUDUSD.

Buy setup.
Price must of necessity climb the green line before longs are entertained...


Nice call!
Seconded

That's a very Good buy setup for quick profit/small stop loss point.

1 Like

Re: Forex Trade Alerts: Season 20 by AK284(m): 7:53pm On Mar 21, 2020
highcurrent:
@Ak284, what's the name of that Nigerian broker you do use, that trades in naira?

Forextime
But they have increased there minimum deposit to $100 and they are notorious for their high spread. I am trying to change to fresh forex though,they kept rejecting my verification IDs
Re: Forex Trade Alerts: Season 20 by Nobody: 8:03pm On Mar 21, 2020
forendals:
Hello everyone. This is for for the bosses like pip Marshall , saxcy, pipnato.
I'm having issues trying to put things in order for my self. I sometimes find myself trading using indicators but when I hear the word, technical analysis and price action I just abandon my indicators and starts drawing line again, then if I see someone somewhere using indicators, I doubt myself and revert back to indicators.
Bosses, did you experience such? Which is your pick? Indicators or lines(price action)?
Thanks in anticipation


In addition to @AK284's comment. Whether with indicator/technical analysis/price action as you put it, all strategies works. What matters more is execution.
Concentrate on a particular strategy or a combination of strategies, trade them against the market. Find out what works, discard what doesnt, fine tune where necessary, take note of your emotion/mental status. All these will go a long way to form your experience going forward.
In this, experience matters too and it's gonna take long to build on. To shorten the curve your might wanna seek the help of a mentor which may not be free but will be very helpful to cut all the bullsh*t/mistakes of of being self taught.

PS.. There's nothing wrong with changing strategies but trade them long enough before deciding. I did the same and still do.
Re: Forex Trade Alerts: Season 20 by Nobody: 8:12pm On Mar 21, 2020
EUUCAD..
This set-up looks like the inverse version of CADCHF I posted on page 223.
I expect a drop here at the break of the support.

Re: Forex Trade Alerts: Season 20 by Nobody: 8:23pm On Mar 21, 2020
forendals:
Hello everyone. This is for for the bosses like pip Marshall , saxcy, pipnato.
I'm having issues trying to put things in order for my self. I sometimes find myself trading using indicators but when I hear the word, technical analysis and price action I just abandon my indicators and starts drawing line again, then if I see someone somewhere using indicators, I doubt myself and revert back to indicators.
Bosses, did you experience such? Which is your pick? Indicators or lines(price action)?
Thanks in anticipation

Everything works.
You just have to pick the one that you want.
Trade demo enough to develop a system with the one you pick and if your system has at least 50% win rate. You are good to go.

Some people trade with Elliott waves and are very profitable.
Some people trade Conventional price action and are very profitable.
Some people trade with Order Flow and Smart money concepts and are very profitable.
Some people don't even do technicals. Yes, there are traders who take majority of their trading decisions based on Fundamentals. And they are profitable.

However, it's helpful if you can actually read the story price is telling irrespective of the one you pick.

1 Like

Re: Forex Trade Alerts: Season 20 by Nobody: 8:26pm On Mar 21, 2020
PIPnator10:
EUUCAD..
This set-up looks like the inverse version of CADCHF I posted on page 223.
I expect a drop here at the break of the support.

Together on this.. Posted one earlier.. I hope for a deeper pull back though.. But once that low breaks.. It's going to tumble..

You made me see something though.. shocked shocked
That low is a very important level.. It loses that, then it's ready.

1 Like

Re: Forex Trade Alerts: Season 20 by highcurrent: 8:33pm On Mar 21, 2020
AK284:


Forextime
But they have increased there minimum deposit to $100 and they are notorious for their high spread. I am trying to change to fresh forex though,they kept rejecting my verification IDs
ok. thanks
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 8:54pm On Mar 21, 2020
ekesoft:

Just created an account with pepperstone !! They keep on rejecting all my Visa cards !! How you do fund your account ??
Open account with hotforex, transfer from your bank account directly to your trading wallet and it's funded with the dollar equivalent within minutes. Withdrawals are same day as well. Moreover they are a splendid broker, great spreads and I've never had a requote in years of trading with their no spread account.

3 Likes

Re: Forex Trade Alerts: Season 20 by ekesoft(m): 9:40pm On Mar 21, 2020
Vandorra:


You can make use of netteler. I use it with pstone also.
okay would give it a try !! But do they incur extra charges
Re: Forex Trade Alerts: Season 20 by ekesoft(m): 9:48pm On Mar 21, 2020
PipMarshall:
AUDUSD.

Buy setup.
Price must of necessity climb the green line before longs are entertained...

Re: Forex Trade Alerts: Season 20 by ekesoft(m): 9:51pm On Mar 21, 2020
peteregwu:


It depends on your bank.
It’s a virtual credit card
Re: Forex Trade Alerts: Season 20 by ekesoft(m): 9:52pm On Mar 21, 2020
Tonyfx:


I think your Visa card is been rejected because it's a naira Visa card. In 2015 CBN placed an embargo naira debit cards. I don't know if it has been lifted now o, but if you could get a domiciliary account I believe you won't have a problem with deposit/withdrawal. Or you could use any of their alternative payment methods.
Not naira !!! It’s a virtual credit card and it has a foreign address
Re: Forex Trade Alerts: Season 20 by ekesoft(m): 9:59pm On Mar 21, 2020
PipMarshall:


Mastercard works for pepperstone.
Done a couple..

I think it depends on the bank too though.
Ohhh now I know thanks
Re: Forex Trade Alerts: Season 20 by ekesoft(m): 10:08pm On Mar 21, 2020
saxy4c:

Open account with hotforex, transfer from your bank account directly to your trading wallet and it's funded with the dollar equivalent within minutes. Withdrawals are same day as well. Moreover they are a splendid broker, great spreads and I've never had a requote in years of trading with their no spread account.

There something about them I just don’t like lol !! It’s just me though
Re: Forex Trade Alerts: Season 20 by Vandorra: 10:35pm On Mar 21, 2020
ekesoft:
okay would give it a try !! But do they incur extra charges

No deposit charge and $1usd withdraw charge from pstone.

Of course, netteler to neteller has charges but is so so low.

Note: only use a withdrawal medium you understand very well.
Re: Forex Trade Alerts: Season 20 by peteregwu(m): 10:56pm On Mar 21, 2020
Tonyfx:


I think your Visa card is been rejected because it's a naira Visa card. In 2015 CBN placed an embargo naira debit cards. I don't know if it has been lifted now o, but if you could get a domiciliary account I believe you won't have a problem with deposit/withdrawal. Or you could use any of their alternative payment methods.

Nah.. For now naira visa card and master card is working for it o. My uba, firstbank naira card is working with it.
Re: Forex Trade Alerts: Season 20 by ekesoft(m): 10:56pm On Mar 21, 2020
Vandorra:


No deposit charge and $1usd withdraw charge from pstone.

Of course, netteler to neteller has charges but is so so low.

Note: only use a withdrawal medium you understand very well.

Okay would do more research on it thanks a lot
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 12:32am On Mar 22, 2020
Nahi!
ekesoft:
okay would give it a try !! But do they incur extra charges

1 Like

Re: Forex Trade Alerts: Season 20 by saxy4c(m): 12:37am On Mar 22, 2020
This pair has to fall by another 500 to 700 pips before I consider a buy. My view though. [quote author=ekesoft post=87648489][/quote]
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 12:45am On Mar 22, 2020
How are you male with this moniker? May I view your demo trading report?
Cutefine042:
Good day everyone. I've been learning forex for close to 6 months now.. finally got a trading strategy that works for me, I've been trading demo and been making profits despite using 1R.
Re: Forex Trade Alerts: Season 20 by Nobody: 12:46am On Mar 22, 2020
EURUSD

Beginning to look like it's going to retrace before further drop..

Re: Forex Trade Alerts: Season 20 by Nobody: 12:46am On Mar 22, 2020
Inverse setup on USDCHF.

Re: Forex Trade Alerts: Season 20 by Nobody: 12:49am On Mar 22, 2020
AUDNZD.

Simple buy setup.

It's safer to wait for that high to be taken... If RRR is good... Good buy.

1 Share

Re: Forex Trade Alerts: Season 20 by Nobody: 1:27am On Mar 22, 2020
CADCHF..

Buy setup...

A retracement to the lower green line or a break of the high is the entry trigger.

Re: Forex Trade Alerts: Season 20 by Nobody: 7:35am On Mar 22, 2020
GBPCAD.

If that breaks.. It will go all the way down.
It's looking like a strong CAD next week...

When that low is broken.. It's ready to move.

Re: Forex Trade Alerts: Season 20 by AfroAgroPower: 8:05am On Mar 22, 2020
fucc12:

Where i fit see this price action chart

We teach and help our intermediate students set them up when they go through our FOREX Campuses.

We train and align them with Our Affiliated UK Prop firm with a subscription fees of £250 to receive a $50,000 life trading account which they can conveniently and confidently read with.

Visit www.forexcampuses. and you can contact us through our digit on our bio below.

1 Like 1 Share

Re: Forex Trade Alerts: Season 20 by AK284(m): 8:27am On Mar 22, 2020
AfroAgroPower:


We teach and help our intermediate students set them up when they go through our FOREX Campuses.

We train and align them with Our Affiliated UK Prop firm with a subscription fees of £250 to receive a $50,000 life trading account which they can conveniently and confidently read with.

Visit www.forexcampuses. and you can contact us through our digit on our bio below.


Have you traded with the prop firm before?

1 Like

Re: Forex Trade Alerts: Season 20 by Miscellaneous(m): 8:39am On Mar 22, 2020
Hello guys.... I'm stuck

I have read a lot on babypips and some books on TA. I just don't know where to begin now. Like where to practice, can I do TA on android, what pair to start trading with(maybe on a demo or live)... I just cant put things together in my head. I need your assistance
Re: Forex Trade Alerts: Season 20 by Cutefine042: 10:06am On Mar 22, 2020
saxy4c:
How are you male with this moniker? May I view your demo trading report?
Your email boss. I'll send you some pics
Re: Forex Trade Alerts: Season 20 by TheYoda: 10:15am On Mar 22, 2020
AK284:



You are the one confusing yourself,
Better to stick to what you know inasmuch is working,but jumping from strategy to strategy is not a good one.
If you want to change strategy then change and stick to what works.
You need to understand that no strategy is perfect ,any strategy that is 40%correct is a gold mine. So try to be in charge.
All this half baked talk , 40% strategy is good enough? you even called it gold mine lol . Are you living on Jupiter where they have different trading rules hehehe. Even with minimum 1:1RR you will be good broker customer, always funding your account.

1 Like

Re: Forex Trade Alerts: Season 20 by TheYoda: 10:18am On Mar 22, 2020
Cutefine042:

Your email boss. I'll send you some pics
Why not post it here, other might like what they see and decide to help you. Whichever way though, most of us know you will blow the account, so deposit something you can afford to lose.

Harsh but the bitter truth.

1 Like

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