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Forex Trade Alerts: Season 20 - Business (615) - Nairaland

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Re: Forex Trade Alerts: Season 20 by hidhrhis(m): 4:36pm On Nov 14, 2020
Any contrary opinion on this pair
im on sell and a friend have being calling me to close it nd buy but im not seeing any buy here

Re: Forex Trade Alerts: Season 20 by Donvic4u(m): 4:51pm On Nov 14, 2020
hidhrhis:
Any contrary opinion on this pair
im on sell and a friend have being calling me to close it nd buy but im not seeing any buy here


That's a typical bullish flag...based on your chart your friend might be right..

Buh then fx anything can happen

3 Likes

Re: Forex Trade Alerts: Season 20 by ILuvBreasts: 5:08pm On Nov 14, 2020
In FX , I observed that it's better to follow your own instinct even if a professional tells you otherwise. but you can still seek for opinion sha... doesn't hurt.
you grow more that way, that's why signals are overrated.
well in my opinion,...I think the sell would continue to that lower key level where the main move upward started then price might reverse there also....one thing I noticed about EurJpy is that it respect key level and it's moves are straight forward...no whining..Lolz. ..it's my best pair
hidhrhis:
Any contrary opinion on this pair
im on sell and a friend have being calling me to close it nd buy but im not seeing any buy here

Re: Forex Trade Alerts: Season 20 by hidhrhis(m): 6:42pm On Nov 14, 2020
ILuvBreasts:
In FX , I observed that it's better to follow your own instinct even if a professional tells you otherwise. but you can still seek for opinion sha... doesn't hurt.
you grow more that way, that's why signals are overrated.
well in my opinion,...I think the sell would continue to that lower key level where the main move upward started then price might reverse there also....one thing I noticed about EurJpy is that it respect key level and it's moves are straight forward...no whining..Lolz. ..it's my best pair
yeah thanks bro
Re: Forex Trade Alerts: Season 20 by hidhrhis(m): 6:44pm On Nov 14, 2020
Donvic4u:


That's a typical bullish flag...based on your chart your friend might be right..

Buh then fx anything can happen
im looking it dat way too but im kinda having the feelings dat d bullish flag wont work
Re: Forex Trade Alerts: Season 20 by Sunnycliff(m): 6:51pm On Nov 14, 2020
IMAliyu:
Thought I'd share this.
An inforex demo account from 2017
I left two trades open, with no SL or TP.
Take a look at the swap charges.

I actually hte swaps. I don't like it for whatever reason. It's so annoying
Re: Forex Trade Alerts: Season 20 by Nobody: 7:19pm On Nov 14, 2020
I just learnt something new

Bull flag, beginning of the fifth wave

Donvic4u:


That's a typical bullish flag...based on your chart your friend might be right..

Buh then fx anything can happen

1 Like

Re: Forex Trade Alerts: Season 20 by Nobody: 8:33pm On Nov 14, 2020
Yes, that's what I use. Sequel to my previous post, oanda is not a market maker, they in fact want to see you succeed in the business.

Here is a catch: you don't base in Naija, right? cos I know for sure the broker does not accept Nigerian residents.

friend2Macron:

Wowww! Thank you so much. So much wisdom in a single post. I'm gonna frame this and always remind myself of it. By the way, I'm using oanda, I think that's the same broker you're using.
Re: Forex Trade Alerts: Season 20 by Nobody: 9:12pm On Nov 14, 2020
The bolded: You are right, we all know one of the famous seminar pitches that got us starting forex right? which is leverage; they kind of lured us to believe that forex used to be for the big banks, hedge fund traders, etc, and that things have changed these days with the help of leverage. Then they pitch on by saying you can get a leverage of 1:1000, 1:3000, or even 1:5000 so you can trade your $100 as if you were trading with a capital of $500,000 (for a 1:5000 leverage = $100*5000), thus bringing you on the same playing platform with the big banks and so on and so forth.

What they delusionally lure people into forex with is telling them to focus on risk-reward ratio; my brother, Risk/Money management does not start from there. When you trade with a capital of $100, $1000, or even any capital with big leverage, you expose all your capital to the market, which is bad for the following:
1. In FX, Anything can happen. Have you read a line in your agreement/disclosure form that says stop-loss is not guaranteed? Yes, not guaranteed; a big gap can clear you out of the market with that kind of leverage even though you placed a SL.
2. It also tricks you by allowing you to use big lot sizes since you have a big available margin level (in %) reading about 4000%...this makes you forget home discipline grin

Finally - Always give room for your trade to breathe; but, by using big lot size because you have big leverage, as such a big margin level (in %) does not give your trades room to breathe. This will cause you to panic just by seeing 30pips against your entry and then a margin call, then a stop out.

I wrote some few more stuff on risk-money management in my previous posts, you can take time to find them.

@Kkins25, pls help share those forex pdfs with Copyjoe - if possible, I already sent him the little I have.


kkins25:
Do you know that, ive watched 100s of videos and have read about 15 books on forex trading(aside the online articles) and no one of them mentioned the bolded up there.... i am- as a matter of fact just finding out. All people say is make sure youre risk reward ratio is 1:2 or 1:7 self. No one ever mentions the margin requirements for each trade. WOW!!! RESPECT SIR!!
if possible, could i get the login details of ogashman, theyoungmaster and maliyu? i would like to observe their trading method

5 Likes 2 Shares

Re: Forex Trade Alerts: Season 20 by JAkpayen(m): 10:20pm On Nov 14, 2020
hidhrhis:
Any contrary opinion on this pair
im on sell and a friend have being calling me to close it nd buy but im not seeing any buy here


I still think the pair will reach 122.50 before reacting to any sentiment

Re: Forex Trade Alerts: Season 20 by IMAliyu(m): 10:22pm On Nov 14, 2020
Sunnycliff:


I actually hte swaps. I don't like it for whatever reason. It's so annoying
Not unless you're leaving a trade to run for multiple days they are usually negligible.

And some brokers offer swap free accounts for people following strict religious rules.
Re: Forex Trade Alerts: Season 20 by hidhrhis(m): 10:35pm On Nov 14, 2020
JAkpayen:

I still think the pair will reach 122.50 before reacting to any sentiment
yeah thats what im thinking too bro
Re: Forex Trade Alerts: Season 20 by WallStreetfx(m): 10:51pm On Nov 14, 2020
USDCHf selling opportunity

Re: Forex Trade Alerts: Season 20 by kkins25(m): 10:59pm On Nov 14, 2020
Pipsbasketings:
The bolded: You are right, we all know one of the famous seminar pitches that got us starting forex right? which is leverage; they kind of lured us to believe that forex used to be for the big banks, hedge fund traders, etc, and that things have changed these days with the help of leverage. Then they pitch on by saying you can get a leverage of 1:1000, 1:3000, or even 1:5000 so you can trade your $100 as if you were trading with a capital of $500,000 (for a 1:5000 leverage = $100*5000), thus bringing you on the same playing platform with the big banks and so on and so forth.

What they delusionally lure people into forex with is telling them to focus on risk-reward ratio; my brother, Risk/Money management does not start from there. When you trade with a capital of $100, $1000, or even any capital with big leverage, you expose all your capital to the market, which is bad for the following:
1. In FX, Anything can happen. Have you read a line in your agreement/disclosure form that says stop-loss is not guaranteed? Yes, not guaranteed; a big gap can clear you out of the market with that kind of leverage even though you placed a SL.
2. It also tricks you by allowing you to use big lot sizes since you have a big available margin level (in %) reading about 4000%...this makes you forget home discipline grin

Finally - Always give room for your trade to breathe; but, by using big lot size because you have big leverage, as such a big margin level (in %) does not give your trades room to breathe. This will cause you to panic just by seeing 30pips against your entry and then a margin call, then a stop out.

I wrote some few more stuff on risk-money management in my previous posts, you can take time to find them.

@Kkins25, pls help share those forex pdfs with Copyjoe - if possible, I already sent him the little I have.


ok sure, a[b]ny one who wants the ebooks should just inbox[/b].. i think al brooks' books are the best books i have and the 3(which i have read only quarter way, because the man can talk too much) give elaborate detail on price action..ive read like only 3 chapters like 5 times now. i still feel ive missed something. Al brooks is awesome.
thanks for the tip sir..

1 Like

Re: Forex Trade Alerts: Season 20 by CopyJoe: 11:02pm On Nov 14, 2020
kkins25:
ok sure, a[b]ny one who wants the ebooks should just inbox[/b].. i think al brooks' books are the best books i have and the 3(which i have read only quarter way, because the man can talk too much) give elaborate detail on price action..ive read like only 3 chapters like 5 times now. i still feel ive missed something. Al brooks is awesome.
thanks for the tip sir..

Done!!!


Thanks @ Pipsbasketings
Re: Forex Trade Alerts: Season 20 by Avast(m): 11:03pm On Nov 14, 2020
kkins25:
ok sure, a[b]ny one who wants the ebooks should just inbox[/b].. i think al brooks' books are the best books i have and the 3(which i have read only quarter way, because the man can talk too much) give elaborate detail on price action..ive read like only 3 chapters like 5 times now. i still feel ive missed something. Al brooks is awesome.
thanks for the tip sir..

I just pm you sir
Re: Forex Trade Alerts: Season 20 by kkins25(m): 11:06pm On Nov 14, 2020
Avast:


I just pm you sir
CopyJoe:


Done!!!


Thanks @ Pipsbasketings
It just occured to me that i could create a drive account and upload my books there... please hold on whiles i do that, would paste the link so it would be accessible to everybody later in the night.

1 Like

Re: Forex Trade Alerts: Season 20 by Avast(m): 11:11pm On Nov 14, 2020
kkins25:

It just occured to me that i could create a drive account and upload my books there... please hold on whiles i do that, would paste the link so it would be accessible to everybody later in the night.

Ok, thanks
Re: Forex Trade Alerts: Season 20 by giddy2019(m): 11:21pm On Nov 14, 2020
ILuvBreasts:
In FX , I observed that it's better to follow your own instinct even if a professional tells you otherwise. but you can still seek for opinion sha... doesn't hurt.
you grow more that way, that's why signals are overrated.
well in my opinion,...I think the sell would continue to that lower key level where the main move upward started then price might reverse there also....one thing I noticed about EurJpy is that it respect key level and it's moves are straight forward...no whining..Lolz. ..it's my best pair
baba come and teach me this stuff nau
Re: Forex Trade Alerts: Season 20 by giddy2019(m): 11:26pm On Nov 14, 2020
Pipsbasketings:
The bolded: You are right, we all know one of the famous seminar pitches that got us starting forex right? which is leverage; they kind of lured us to believe that forex used to be for the big banks, hedge fund traders, etc, and that things have changed these days with the help of leverage. Then they pitch on by saying you can get a leverage of 1:1000, 1:3000, or even 1:5000 so you can trade your $100 as if you were trading with a capital of $500,000 (for a 1:5000 leverage = $100*5000), thus bringing you on the same playing platform with the big banks and so on and so forth.

What they delusionally lure people into forex with is telling them to focus on risk-reward ratio; my brother, Risk/Money management does not start from there. When you trade with a capital of $100, $1000, or even any capital with big leverage, you expose all your capital to the market, which is bad for the following:
1. In FX, Anything can happen. Have you read a line in your agreement/disclosure form that says stop-loss is not guaranteed? Yes, not guaranteed; a big gap can clear you out of the market with that kind of leverage even though you placed a SL.
2. It also tricks you by allowing you to use big lot sizes since you have a big available margin level (in %) reading about 4000%...this makes you forget home discipline grin

Finally - Always give room for your trade to breathe; but, by using big lot size because you have big leverage, as such a big margin level (in %) does not give your trades room to breathe. This will cause you to panic just by seeing 30pips against your entry and then a margin call, then a stop out.

I wrote some few more stuff on risk-money management in my previous posts, you can take time to find them.

@Kkins25, pls help share those forex pdfs with Copyjoe - if possible, I already sent him the little I have.


who will teach me this stuff nau
Re: Forex Trade Alerts: Season 20 by TAGM(m): 11:49pm On Nov 14, 2020
giddy2019:

who will teach me this stuff nau

Me too, pipsbasketings

I want to be a pro.
oga peteregwu
Re: Forex Trade Alerts: Season 20 by Nobody: 12:26am On Nov 15, 2020
Stay glued here.
Remain active here.
Ask questions.
Read books, see videos
Backtest, demo trade
You need plenty of time and dedication

The beauty of this thread is that you have a huge diversity of traders with varieties of strategies and knowledge....so stay active.

@Kkins25, regarding the contestants' login details: the accounts are just 2weeks old, thus I don't see any benefit it will do; however, I will be able to share it only by the end of the contest - Dec 24.

giddy2019:

who will teach me this stuff nau
TAGM:

Me too, pipsbasketings
I want to be a pro.
oga peteregwu

2 Likes

Re: Forex Trade Alerts: Season 20 by Nobody: 3:36am On Nov 15, 2020
Here is my detailed analysis of your EJ, Enjoy it grin

As for me, I would not have entered any position as I wouldn't like to be trapped in a ranging market: you did and in some pips already, so this analysis could help.

1. Look at that newly formed bearish candle, price is about to swing back to the support to test it again (the 3rd time). I would expect the support to be tested again especially on market open (today/tomorrow), if it does and successfully breaks that support; bro, continue your sell for another 4-5days and you could earn additional 200.0pips

Aliter

2. Watchout, If that support is tested the 3rd time and not broken, but rather swings back up to 124.220; I would believe you have been trapped in a ranging market - just get out at that point, I believe you will still come out with few pips.

Above all, I don't see a buy for the next 4-5days, what I see is a sell or range based on 1 and 2. Continue selling if 1 is fulfilled, get out if 2 is fulfilled.
Buy= 0% Sell=65% Range=35%

Despite this analysis, do not neglect proper risk/money management.

hidhrhis:
Any contrary opinion on this pair
im on sell and a friend have being calling me to close it nd buy but im not seeing any buy here

6 Likes

Re: Forex Trade Alerts: Season 20 by friend2Macron: 3:49am On Nov 15, 2020
Pipsbasketings:
Yes, that's what I use. Sequel to my previous post, oanda is not a market maker, they in fact want to see you succeed in the business.

Here is a catch: you don't base in Naija, right? cos I know for sure the broker does not accept Nigerian residents.


You're right, I'm not in Naija. Oanda was first recommended to me on Reddit and I was further convinced when I saw you're using it.
Re: Forex Trade Alerts: Season 20 by hidhrhis(m): 6:04am On Nov 15, 2020
Pipsbasketings:
Here is my detailed analysis of your EJ, Enjoy it grin - See my chart first for an explanation

As for me, I would not have entered any position as I wouldn't like to be trapped in a ranging market: you did and in some pips already, so this analysis could help.

1. Look at that newly formed bearish candle, price is about to swing back to the support to test it again (the 3rd time). I would expect the support to be tested again especially on market open (today/tomorrow), if it does and successfully breaks that support; bro, continue your sell for another 4-5days and you could earn additional 200.0pips

Aliter

2. Watchout, If that support is tested the 3rd time and not broken, but rather swings back up to 124.220; I would believe you have been trapped in a ranging market - just get out at that point, I believe you will still come out with few pips.

Above all, I don't see a buy for the next 4-5days, what I see is a sell or range based on 1 and 2. Continue selling if 1 is fulfilled, get out if 2 is fulfilled.
Buy= 0% Sell=65% Range=35%

Despite this analysis, do not neglect proper risk/money management.

i entered before the ranging started and when it started i left it alone
Thanks for this bro
i dont joke with MM
i did not realise there is an image attached
Glo network
pls what time frame is this
have being trying to match the image with a timeframe but im not seeing the formation
Re: Forex Trade Alerts: Season 20 by Donvic4u(m): 6:49am On Nov 15, 2020
Pipsbasketings:
Here is my detailed analysis of your EJ, Enjoy it grin - See my chart first for an explanation

As for me, I would not have entered any position as I wouldn't like to be trapped in a ranging market: you did and in some pips already, so this analysis could help.

1. Look at that newly formed bearish candle, price is about to swing back to the support to test it again (the 3rd time). I would expect the support to be tested again especially on market open (today/tomorrow), if it does and successfully breaks that support; bro, continue your sell for another 4-5days and you could earn additional 200.0pips

Aliter

2. Watchout, If that support is tested the 3rd time and not broken, but rather swings back up to 124.220; I would believe you have been trapped in a ranging market - just get out at that point, I believe you will still come out with few pips.

Above all, I don't see a buy for the next 4-5days, what I see is a sell or range based on 1 and 2. Continue selling if 1 is fulfilled, get out if 2 is fulfilled.
Buy= 0% Sell=65% Range=35%

Despite this analysis, do not neglect proper risk/money management.


Thanks... what timeframe this chart sir??

1 Like

Re: Forex Trade Alerts: Season 20 by hidhrhis(m): 7:23am On Nov 15, 2020
Im looking at this pair though i wont enter ir cos fundamentals dealt with me this last week and there is so much FA on AUD this coming week
price moved up with a divergence and now coming down to form a right shoulder
target would have being 1.66661 if i entered

Re: Forex Trade Alerts: Season 20 by hidhrhis(m): 7:26am On Nov 15, 2020
i will enter this after the retest of the TL

Re: Forex Trade Alerts: Season 20 by WallStreetfx(m): 7:29am On Nov 15, 2020
Pipsbasketings:
Here is my detailed analysis of your EJ, Enjoy it grin - See my chart first for an explanation

As for me, I would not have entered any position as I wouldn't like to be trapped in a ranging market: you did and in some pips already, so this analysis could help.

1. Look at that newly formed bearish candle, price is about to swing back to the support to test it again (the 3rd time). I would expect the support to be tested again especially on market open (today/tomorrow), if it does and successfully breaks that support; bro, continue your sell for another 4-5days and you could earn additional 200.0pips

Aliter

2. Watchout, If that support is tested the 3rd time and not broken, but rather swings back up to 124.220; I would believe you have been trapped in a ranging market - just get out at that point, I believe you will still come out with few pips.

Above all, I don't see a buy for the next 4-5days, what I see is a sell or range based on 1 and 2. Continue selling if 1 is fulfilled, get out if 2 is fulfilled.
Buy= 0% Sell=65% Range=35%

Despite this analysis, do not neglect proper risk/money management.


I also see sell on EURJPy sir
Re: Forex Trade Alerts: Season 20 by WallStreetfx(m): 8:49am On Nov 15, 2020
CADJPy buy or sell

Re: Forex Trade Alerts: Season 20 by ichidodo: 9:38am On Nov 15, 2020
hidhrhis:
Any contrary opinion on this pair
im on sell and a friend have being calling me to close it nd buy but im not seeing any buy here

Yeah...Your friend is absolutely correct for the time being...The latest signal coming from that price action before close of market is a solid buy...
Re: Forex Trade Alerts: Season 20 by ichidodo: 9:43am On Nov 15, 2020
WallStreetfx:
CADJPy buy or sell
Wait....Till The price action becomes clearer...But on a closer look, I expect an engulfo signal to spark a true price direction...Sooner or later.

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