This UK lock down will it affect the gbp in anyway negatively? Abeg make thunder no go fire man.

Something I've noticed in the forex market is that most traders state their results in terms of pips gained. I really struggle to read much meaning into this because pips gained may not necessarily translate into cash or performance

If you risk 100 pips to make 100 pips, to me you are not better off than someone who has risk 5 pips to make 15 pips. Also the lot size and percentage of your account you have used for the move matters a lot. So if you risk 100 pips to make 100 pips using 0.01 lot at 2% of your account, you are not better off that someone who has risked 5 pips to make 12 pips at 6 lot and 2 percent of account.

So one makes 100 pips and another makes 12 pips but the details is the difference on what has really entered the account as profit and this becomes really serious over time.

I think the best way is to state results in terms of the percentage gain and exposure. So you can say I made 5% with a bet of 2% on this trade or I made 2% with a bet of 2% on this trade .

So 100 pips to make 100 pips using 2% of account is very much the same as 10 pips to make 10 pips using 2% of account especially on accounts where commissions are almost zero and no minimum order distance.

Theyoungmaster:



I'm closing all trades @ 300 pips. Quite close to Tp. Half bread is better than none after all. I'll sit out and observe what happens at the blue lower channel Line drawn from 4H TF and subsequently at that 1.318 monthly support line.

Over and Out!

Price was rejected at the 1.318 Monthly support zone...as anticipated. I'm going long. Will ride till the next resistance (Drawn from weekly TF) at 1.346

Let's see how it goes.

As a newbie, we must understand that countries all over the world may increase or reduce their interest rates or may have an increased or decreased economic activity which will in turn lead to increase or reduction in returns for investors. Forex investors all over the world put money where they will get more returns for their investment and remove money from where they will get less returns hence the buying and selling of currencies.

Now although institutions and other investment agencies are the minority traders in forex, they control the majority of the monetary power in the market so they can move price at will. on the other hand, retail traders who largely speculate on the market are the majority of traders but we have very weak aggregate exposure in term of money in the markets hence we cannot control price movements but only add to established price movements.

Retail trading is therefore based on trying to follow the footprints of the bigger players.

blackman007:
forex is not a get rich quick scheme, just like any other business, it takes time, effort, commitment, patience, and persistence before you becomes successful..my opinion anyways... And I wish us all a pipful week...

Amen
Click the link in my signature if you do sell PayPal funds

Theyoungmaster:



I'm closing all trades @ 300 pips. Quite close to Tp. Half bread is better than none after all. I'll sit out and observe what happens at the blue lower channel Line drawn from 4H TF and subsequently at that 1.318 monthly support line.

Over and Out!

Good job man

TRADING PSYCHOLOGY

The beginning of trading psychology in Forex is when you finally decide to be realistic based on your level. As a newbie, you will probably be a losing trader and you really don't need much exposure or maybe no real exposure at all. It will take time, effort and commitment to get good at this and it wouldn't be a get rich quick scheme.

As an intermediate trader, you can expect to be a bit profitable with the hope of getting better. You can make from 10% - 50% monthly based on how viable your technique is going to develop over the long term.

As an expert trader, you know you can make 50% or more monthly. You understand that the results are out of your control but your process and routine on how you generate trade ideas and implement your technical as well as manage risk are in your control. You know that you've become really really good and you know you'll probably be fine with 5% or 10% bets on your account. You can safely flip small accounts at will and you know its ok when you lose.

To build psychology fast, you must try to maintain a fixed percentage bet of your account over a period of time (2% preferably). You must have practiced a lot in demo and gotten decent with your technical skills. By using a consistent bet size backed with money management over time, you begin to expose yourself to profiting from a larger sample size and allowing the law of averages work for you.

The most advanced psychology you can ever have is to let your winners run and cut your losses. Do not tolerate losses. Do not hope to get anything from them. Cut them out immediately and the best way to do this is to use hard stop losses backed with proper money management. For your winners, you can use soft targets if you trade long term or just proper risk to rewards.

If you use proper risk-reward, its best to just set it and leave it. Believe it or not, you are capable of doing more harm than good when you micro manage your trades. You will be tempted to cut profits short and this will work against you mathematically in the long term. Just know that until the trade is over, you've neither won nor lost anything.

One thing I can tell you with certainty in this uncertain market is that your account will fluctuate. And cheer up, Forex is way easier than Bitcoin trading or Football trading.

Insme na d surest for nw sha..

Its ok to take a break in the month of December.......

Benqozenero:



Hehehehe. Thanks man.

Congrats boss.

orogo:
TRADING PSYCHOLOGY

The beginning of trading psychology in Forex is when you finally decide to be realistic based on your level. As a newbie, you will probably be a losing trader and you really don't need much exposure or maybe no real exposure at all. It will take time, effort and commitment to get good at this and it wouldn't be a get rich quick scheme.

As an intermediate trader, you can expect to be a bit profitable with the hope of getting better. You can make from 10% - 50% monthly based on how viable your technique is going to develop over the long term.

As an expert trader, you know you can make 50% or more monthly. You understand that the results are out of your control but your process and routine on how you generate trade ideas and implement your technical as well as manage risk are in your control. You know that you've become really really good and you know you'll probably be fine with 5% or 10% bets on your account. You can safely flip small accounts at will and you know its ok when you lose.

To build psychology fast, you must try to maintain a fixed percentage bet of your account over a period of time (2% preferably). You must have practiced a lot in demo and gotten decent with your technical skills. By using a consistent bet size backed with money management over time, you begin to expose yourself to profiting from a larger sample size and allowing the law of averages work for you.

The most advanced psychology you can ever have is to let your winners run and cut your losses. Do not tolerate losses. Do not hope to get anything from them. Cut them out immediately and the best way to do this is to use hard stop losses backed with proper money management. For your winners, you can use soft targets if you trade long term or just proper risk to rewards.

If you use proper risk-reward, its best to just set it and leave it. Believe it or not, you are capable of doing more harm than good when you micro manage your trades. You will be tempted to cut profits short and this will work against you mathematically in the long term. Just know that until the trade is over, you've neither won nor lost anything.

One thing I can tell you with certainty in this uncertain market is that your account will fluctuate. And cheer up, Forex is way easier than Bitcoin trading or Football trading.

you're really kicking knowledge Sir.

Thanks for sharing.

ProsperoTrading:

Congrats boss.

Thanks Bro.

Pipsbasketings:
Congrats! You made it.

Rewards to be disbursed on or before the last day of the trading period.

Brotherly , is that really you?

What a day! Had over -230pips from five positions that were opened. Ended the day with a profit of 5pips. Four positions still running with 22pips. It pays to have a good plan and stick to it.

harizonal123:
What a day! Had over -230pips from five positions that were opened. Ended the day with a profit of 5pips. Four positions still running with 22pips. It pays to have a good plan and stick to it.

And pays more when you trade responsibly by using proper risk and money management( Proper position sizing)

Theyoungmaster:



Price was rejected at the 1.318 Monthly support zone...as anticipated. I'm going long. Will ride till the next resistance (Drawn from weekly TF) at 1.346

Let's see how it goes.

Mvp of the day.

Theyoungmaster:



Price was rejected at the 1.318 Monthly support zone...as anticipated. I'm going long. Will ride till the next resistance (Drawn from weekly TF) at 1.346

Let's see how it goes.

First Buy order hit Tp @ 155 pips.
2nd Buy order is currently at 170 pips with over 150 pips locked in already. I'll be holding till the next resistance ahead @ 1.36351 (drawn from daily TF).
Today is a good day. Over 600 pips milked from only GU.

Appreciation to my bosses for showing me the grail called "Price action".

infofirst:


Mvp of the day.

Ahhh! y'all elders here are the real MVP.

lemme sha screenshot and save this. It's encouraging really. Thank you Sir.

infofirst:

And pays more when you trade responsibly by using proper risk and money management( Proper position sizing)

Yes very important. I have already quantified my maximum loss before entering any trade and ready to accept it as the cost of doing business.

Theyoungmaster:



First Buy order hit Tp @ 155 pips.
2nd Buy order is currently at 170 pips with over 150 pips locked in already. I'll be holding till the next resistance ahead @ 1.36351 (drawn from daily TF).
Today is a good day. Over 600 pips milked from only GU.

Appreciation to my bosses for showing me the grail called "Price action".

Thats the beauty of gbp when you get them right.
I hope the 150 locked can allow price breath down to 1.342*** Yeah.. 1.3635/55.... Flowing along too.

Please guys what PDFs can you recommend for someone that wants to know more about PA trading.

Sure

Long time ehhh

mrikay:

Brotherly , is that really you?

Pipsbasketings:
Reflections on Forex Trade Alerts - NL

---

Forex Trade Alerts: Season 20 -------- 651+ pages
Forex Trade Alerts: Season 19 -------- 339 pages
Forex Trade Alerts: Season 18 -------- 124 pages
Forex Trade Alerts: Season 17 -------- 222 pages
Forex Trade Alerts: Season 16 -------- 345 pages
Forex Trade Alerts: Season 15 -------- 353 pages
Forex Trade Alerts: Season 14 -------- 230 pages
Forex Trade Alerts: Season 13 -------- 703 pages
Forex Trade Alerts: Season 12 -------- 102 pages
Forex Trade Alerts: Season 11 -------- 116 pages
Forex Trade Alerts: Season 10 -------- 106 pages
Forex Trade Alerts: Season 09 -------- 102 pages
Forex Trade Alerts: Season 08 -------- 102 pages
Forex Trade Alerts: Season 07 -------- 102 pages
Forex Trade Alerts: Season 06 -------- 101 pages
Forex Trade Alerts: Season 05 -------- 101 pages
Forex Trade Alerts: Season 04 -------- 100 pages
Forex Trade Alerts: Season 03 -------- 100 pages
Forex Trade Alerts: Season 02 -------- 100 pages
Forex Trade Alerts: Season 01 -------- 101 pages

I can not guarantee that I will be around on FTA 21; but b4 then, I again want you all to strongly believe that FX is real, reliable, and can be profitable.
I have been in this business for some time with provable or verifiable results which I have shared here and with some in privates.
My very best advice for you is to learn how to fish rather than being fed - In other words, become your own boss.

- Post trades, discuss trades and/or general outlook and NOT results; exception: post results of the trades you call and not the ones you never posted before maturity - it is that simple.
- When anyone comes here to show trade results, don't be shy to ask him/her to show if the account is real or demo; trust me, it is their major tactic of luring people to corner them.
- Update your call if it hits SL just as you would definitely love to update if it hit TP, don't just let it slide hoping no one would notice.
- Call out traits or traces of scam as early as possible: these guys are everywhere and can go any length to milk you.
- Respect everyone's trading style and strategy, be professional in conversations that relate to their trading strategy/style - we all are different types of traders and we can never and never trade the same way.

Above all, I will say compliments of the season: Merry Xmas and Happy New Year in Advance

Boss please don't leave us, if you must leave atleast hide me inside your traveling bag...

Waiting for a depletion and a bullish candle on the 4h to buy again

Crixxx:
Waiting for a depletion and a bullish candle on the 4h to buy again

I'm not saying this to counter your bias, but it might be risky to buy, because this long uptrend is showing signs of weakness and shift in momentum ..... this is my observation and opinion anyways, and I could be 100% wrong.....

infofirst:


Thats the beauty of gbp when you get them right.
I hope the 150 locked can allow price breath down to 1.342*** Yeah.. 1.3635/55.... Flowing along too.

You were right sir. I reviewed the SL down to 140pips. Unfortunately I got stopped out. Another lesson added to my tool box....*Trail your Stops wisely*

Pipsbasketings:
Reflections on Forex Trade Alerts - NL

---

Forex Trade Alerts: Season 20 -------- 651+ pages
Forex Trade Alerts: Season 19 -------- 339 pages
Forex Trade Alerts: Season 18 -------- 124 pages
Forex Trade Alerts: Season 17 -------- 222 pages
Forex Trade Alerts: Season 16 -------- 345 pages
Forex Trade Alerts: Season 15 -------- 353 pages
Forex Trade Alerts: Season 14 -------- 230 pages
Forex Trade Alerts: Season 13 -------- 703 pages
Forex Trade Alerts: Season 12 -------- 102 pages
Forex Trade Alerts: Season 11 -------- 116 pages
Forex Trade Alerts: Season 10 -------- 106 pages
Forex Trade Alerts: Season 09 -------- 102 pages
Forex Trade Alerts: Season 08 -------- 102 pages
Forex Trade Alerts: Season 07 -------- 102 pages
Forex Trade Alerts: Season 06 -------- 101 pages
Forex Trade Alerts: Season 05 -------- 101 pages
Forex Trade Alerts: Season 04 -------- 100 pages
Forex Trade Alerts: Season 03 -------- 100 pages
Forex Trade Alerts: Season 02 -------- 100 pages
Forex Trade Alerts: Season 01 -------- 101 pages

I can not guarantee that I will be around on FTA 21; but b4 then, I again want you all to strongly believe that FX is real, reliable, and can be profitable.
I have been in this business for some time with provable or verifiable results which I have shared here and with some in privates.
My very best advice for you is to learn how to fish rather than being fed - In other words, become your own boss.

- Post trades, discuss trades and/or general outlook and NOT results; exception: post results of the trades you call and not the ones you never posted before maturity - it is that simple.
- When anyone comes here to show trade results, don't be shy to ask him/her to show if the account is real or demo; trust me, it is their major tactic of luring people to corner them.
- Update your call if it hits SL just as you would definitely love to update if it hit TP, don't just let it slide hoping no one would notice.
- Call out traits or traces of scam as early as possible: these guys are everywhere and can go any length to milk you.
- Respect everyone's trading style and strategy, be professional in conversations that relate to their trading strategy/style - we all are different types of traders and we can never and never trade the same way.

Above all, I will say compliments of the season: Merry Xmas and Happy New Year in Advance

Person wey fit go through all the pages of all the seasons go gallant gan! I wish twas possible to convert the pages to PDF for easy access.



I look forward to still seeing you on the next season sha. God no go shame us.

Crixxx:
Waiting for a depletion and a bullish candle on the 4h to buy again

Great call.
Peak Formation Low PFL has been established.
All we seek is a Stop Hunt Low Rise SHLR. Expect that rise for 2.5days.

Same goes with AC,AU .

jsheng:


✅NZD/USD Sell at 0.7062
Take profit 0.7046
Stop loss 0.7085

Is 0.7062 a resistance on any tf?
Is there a reversal candle on any tf?
Any reason for selling will be appreciated? I want to learn and see what you are seeing because the last daily close suggested better trade ideas like sell immediately after that close to take some pips or buy on retracement to ride with the flow. Dont you think. 0.717* will be retested?
Help a learner bro.