₦airaland Forum

dennison4luv:
Gold is not among and you can't use EA. It's just like we don't know what we are doing. It's like I will practice using 2 phones or laptop to trade. One will be for looking at the candle sticks and the other one will be for placing of trade. I guess I will go and practice that strategy very well

ZedFX:
Do you think trendline is prominent to this market structure?

just asking seeing the nature of the structure.

or are you forcing the trend line on the market?

Jmarjr:
sir, right now am too rich, to fund my account now na only God
pls can you help me with even if its $50, then also be my mentor to build my self pls sir. I will be greatful.

Jmarjr:
thanks for the tip. The problem is many ppl are advice which is not a bad thing, but as a trader just starting, if u ask some ppl here to mentor you they will decline why?

Jmarjr:
thanks for the tip. The problem is many ppl are advice which is not a bad thing, but as a trader just starting, if u ask some ppl here to mentor you they will decline why?

Fibonacci88:
Pls explain further. Lately I have been on d wrong side of entering trade too early

Theyoungmaster:
DXY is the USD index. It measures the strength of the USD against other major currencies such as the EURO, YEN, GBP, CHF & CAD. A strong dollar = an uptrend in DXY = an uptrend in USD/xyz pairs = a downtrend in xyz/USD pairs.
A strong dollar can also affect pairs that are directly correlated to the dollar.

The maximum reading is 100.
NB; Fundamentals also affect the DXY. Change in interest rates and monetary policy will affect the relative strength of the USD.

Theyoungmaster:
DXY is the USD index. It measures the strength of the USD against other major currencies such as the EURO, YEN, GBP, CHF & CAD. A strong dollar = an uptrend in DXY = an uptrend in USD/xyz pairs = a downtrend in xyz/USD pairs.
A strong dollar can also affect pairs that are directly correlated to the dollar.

The maximum reading is 100.
NB; Fundamentals also affect the DXY. Change in interest rates and monetary policy will affect the relative strength of the USD.

Abambam:
Intraday , this week.

Abambam:
Intraday: All closed.

Abambam:
Intraday 2 weeks.

hidhrhis:
bro is it live account u are trading or demo account

Abambam:
The answer is on this thread, read read and read. Say no to skimming.

hidhrhis:
This is wrong
just tell me demo or real
instead of typing that

TAGM:
demo

holarindey:
Most of them are scalping with gold. I saw two guys flip $1000 to $3M+ in one week on octafx contest.
I checked their history and most of their trades don’t last up to one minute. I feel like they’re using EA or trading 30 secs TF cos it’s just crazy.

XAUTrader4L:
Decided to use tradingview this time. Looks to me like gold wants to print a higher low, when confirmed it should then print a higher high which should break above the zone and the trend line. Ofcourse 1764 is still holding up. Also included the supply zones gold would have to takeout if it wants to rally.

The weekly candle closed bullish engulfing.

Pesuzok:
Please what do you think about using EA. Is it worth it?

Theyoungmaster:
To my bosses and elders in the house, what is the difference between "Order block" and "supply/demand zones"...? They seem same to me. I intend adding the two to my tool box.

Thanks in anticipation.

hidhrhis:
The two are not the same bro
order block is kinda complicated cos there are different concept about it
some teachers believe the last bearish candle in a bullish movement with a wick rejection validate bullish order block and also the last bullish candle with a candle rejection in a bearish movement signifies the beginning of a bearish movement and also called bearish order block
There is also a break of order or break of structure i.e When a bullish movement is about to end there will be break of order which signifies the bears are about to take control
it also deals with the use of higher high,higher low.previous high.previous low to determine entry
The order block is determined in the 4hr time frame and entry is made on the lower time frame with the help of TDI and sharkfin

I dont really know much about supply/demand zone but only applied accounting and economics terms to the little i know to understand it better then and what i know is that a full order is always placed at a demand and supply zone and it is a point whereby both the buyers and sellers are willing to buy or sell regardless of the price and the zone can be determined where price makes a sharp reversal by checking how the price reacted to the zone in the previous price action or since no one knows where the level is so that is why some traders take note of levels that ends in round figure,double 00 or triple 000 (institutional level) but the best thing i know is to make things simple bro

I use to practice order block then but it was just giving me headache so i dumped it....All the info may not be accurate cos it being long since i tried it
our bosses in the house will help out

TradingMaestro:
too much information
Keep it simple

TradingMaestro:
too much information Keep it simple