Theyoungmaster:
Shrink OR bounce...?
London-NY overlap will tell.

We wait....

I have same bias too

boom99:



Abeg na my today trade be thisooo. No vex, I no post calls. I have adhered to my oga them here. I now use small lotsize..

0.51 lot is small

I am in Gold sell. Will love to see gold visit 176*** before uptrend resumes. Who has same bias all along?

Theyoungmaster:


Not really. But then everyone is a scalper one way or the other.
When I sense a possible reversal against me, I'd rather scalp few pips and get off asap than stay to "ride the trend".
I'm not "boss" sha.
Just an "older newbie".

When our bosses drop analysis and tips here, you'll know. I wouldn't name them. Just observe and learn. Goodluck.

Scalping can be a relative term sha sometimes. You are correct.

Infofirst has made the thread active again.

infofirst:


It will not sir. No be today. This time too shall pass. Those that criticize rudely and all that have no doubt sent the good ones away hopefully something will change things around soon.
I will be organizing a contest soon hopefully by end of February and only those that are active here in the last 30days will be qualified to participate.

Total Prize money of $200( Skrill $ or hotforex exchange rate) will be at stake and a chance to manage one of my trading accounts of $5000 balance minimum for 5 trading days for the first position and 50:50 profit Sharing ratio with no more than 10% drawdown.

.

Thanks for this. This will really encourage many of us and will help us to build more on our skills like contestfx.com.
I am really interested in managing one of the accounts,but please it will be nice if you can make it $1000 so that many people can partake in it $5000 account managing. Thanks

Mrbillionaire:
Infofirst has made the thread active again.

Loool.

Totally. Always makes it active to flex our skills

infofirst:
I am in Gold sell. Will love to see gold visit 176*** before uptrend resumes. Who has same bias all along?

Getting to 176**** will take some weeks or month from last week FRIDAY gold and bitcoin has been on increase but in within this days sometimes it will still decrease( rise in dollars )

dennison4luv:



Getting to 176**** will take some weeks or month from last week FRIDAY gold and bitcoin has been on increase but in within this days sometimes it will still decrease( rise in dollars )

Definitely but gold can be funny sometimes, running 1000 pips a day is possible with gold.

For those on gold, it might be forming possible double bottom on 1hr

dennison4luv:
.

Thanks for this. This will really encourage many of us and will help us to build more on our skills like contestfx.com.
I am really interested in managing one of the accounts,but please it will be nice if you can make it $1000 so that many people can partake in it $5000 account managing. Thanks

Why do you want to manage such account? Do you have what it takes? Tell me something bro.

Good suggestion. But we need only 3 winners, maybe $2500, $1500 & $1000 might be better.

infofirst:


By active participation here, I mean one of the following activities, post your trade calls with charts or no charts, explanations or none, give us feedback on the calls before and after preferably, ask questions or answer questions, give periodic and or summary of your weekly or daily performance and all that.

What about me that don't draw trendlines and others. I only base my judgement on moving average and MACD. them when I am scalping my time frame of judgement is 1-5min then I will use 30min, 1hr, and 4hrs to know its previsous movement

dennison4luv:

What about me that don't draw trendlines and others. I only base my judgement on moving average and MACD. them when I am scalping my time frame of judgement is 1-5min then I will use 30min, 1hr, and 4hrs to know its previsous movement

Bro, understanding instructions is part of contest, if you try to read the instructions again, you will see that you are covered. I understand its difficult for some to put up charts and same is applicable to me most times too. I always wished I could too but I do not sabi how to capture it here as I would have loved to.

infofirst:

Definitely but gold can be funny sometimes, running 1000 pips a day is possible with gold.

You are right, sometimes it runs like the speed of light. I have not recovered from what XAUUSD and USDZAR did to me first week of December, since then I have been our of live trade. Though I did not back out I only go back to learn and train more and i have learnt a lot.

dennison4luv:


You are right, sometimes it runs like the speed of light. I have not recovered from what XAUUSD and USDZAR did to me first week of December, since then I have been our of live trade. Though I did not back out I only go back to learn and train more and i have learnt a lot.

I doubt there is any Gold trader that have not suffer from Gold hand o. But if you understand it and practice proper position sizing, its quick way to boom account.

infofirst:


I doubt there is any Gold trader that have not suffer from Gold hand o. But if you understand it and practice proper position sizing, its quick way to boom account.

This days I don't base my trade on gold, I will be trading on currency and I will keep my eyes on gold to set, once it set I will open the position with big lot size and strike. In trading gold one needs to be patient and be calculative. And do away with the mentality "it will bounce back" especially when you are using big lot size... Gold will bounce back has dealt with me

infofirst:


I doubt there is any Gold trader that have not suffer from Gold hand o. But if you understand it and practice proper position sizing, its quick way to boom account.

It's actually quick way to boom account and also quick way to check crash account if your calculations went goes wrong. Gold tripled my account and it also crashed my account with the mentality it will bounce back

highcurrent:
For those on gold, it might be forming possible double bottom on 1hr

Hum. I rush out now. Wating to resell.

Eurusd still has what it takes to go down because dollar index is still going to 92.

infofirst:


I doubt there is any Gold trader that have not suffer from Gold hand o. But if you understand it and practice proper position sizing, its quick way to boom account.

Gold should expect a massive fall once daily can close below 1822

infofirst:


0.51 lot is small

Yes sir. From 5 lot to 0.5. na improvement

once this dollar index meets its resistance, we might start seeing significant movement among pairs.

highcurrent:
once this dollar index meets its resistance, we might start seeing significant movement among pairs.

Pls drop Ur dollar index chart

IMAliyu:
CadChf.

The upward momentum may not be over, I could get stumped out.

Thought so.

boom99:



Yes sir. From 5 lot to 0.5. na improvement

Bro you funny. But definitely, little by little you'll reduce the lot size more hopefully.

Crixxx:


Bro you funny. But definitely, little by little you'll reduce the lot size more hopefully.

Ya.

boom99:

Yes sir. From 5 lot to 0.5. na improvement

Thats true. 0.05 next and 0.01.

djwalata:

Gold should expect a massive fall once daily can close below 1822

I agree bro.

infofirst:


It will not sir. No be today. This time too shall pass. Those that criticize rudely and all that have no doubt sent the good ones away hopefully something will change things around soon.
I will be organizing a contest soon hopefully by end of February and only those that are active here in the last 30days will be qualified to participate.

Total Prize money of $200( Skrill $ or hotforex exchange rate) will be at stake and a chance to manage one of my trading accounts of $5000 balance minimum for 5 trading days for the first position and 50:50 profit Sharing ratio with no more than 10% drawdown.

By His grace. We will do this starting 1st of March.
I will give the detailed yet simplified terms and conditions by 15th of the month but for now, active participation here starting from today will be the first term with no exemption. And I think the idea of allowing the three winners to manage 2500$ 1500$ & 1000$ is better. If we get it right, more will follow by His Grace. Suggestions too before final terms are all welcome as well.

We are covered. By His Grace.
Lets all benefit from the lots of possibilities in social trading.

[quote author=infofirst post=98711998]

Thats true. 0.05 next and 0.01.



I don't like that lot 0.01.

[quote author=boom99 post=98712418][/quote]
Its the best to start with. Especially when you so much wanted to have a good psychology when in back to back reds

infofirst:
I am in Gold sell. Will love to see gold visit 176*** before uptrend resumes. Who has same bias all along?

Am getting to that conclusion as well, gold bounced from the 50% retrace at 1764 and has refused to go anywhere. It has scattered the uptrend structure it tried to create so far since from 1764, I think revisiting that low is still on the table to find momentum. Right now there is nothing for it plus the dollar is pressuring it. I would watch out for yesterday low and 1809.