Abambam:
I personally prefer the Demand area around 1.3685 from your posted chart.
My rule of thumb is, whenever I see supply and demand, I like to use the next one. I always try to avoid the first one on the chart.

I anonymously emailed you something few days ago, I use that in confluence with the next demand or supply on chart. I skip the immediate supply and demand, support and resistance.

Just got your email. Looking through it... Thanks. From your posted charts we seem to watching exact same level. I think the area you refer to the next S& aligns with my weekly level while the imediate aligns with daily.

Abambam:
Waiting for reactions. Reversal usually takes place Wednesday/Thursday.

Abambam:
Nzdcad

if you happen to enter on this level, about time to put breakeven.

bigbasho:


Just got your email. Looking through it... Thanks. From your posted charts we seem to watching exact same level. I think the area you refer to the next S& aligns with my weekly level while the immediate aligns with daily.

Okay, great.

Look at these trades, switch to 4hrs , you can trace them with what I sent.

This is trend trading, using daily trend direction , then I wait for 4hrs retracement into those lines then enter the market. Posted chart so you can trace those to see what I'm talking about.

So you can decide for yourself if you want to trade trend or anti-trend. Merge it with your vast knowledge.

Hello investors, please does import of dollar into NIGERIA improve the country?

SpaceX:
Hello investors, please does import of dollar into NIGERIA improve the country?

It depends on the import.

If it was borrowed, no way! It can't improve the economy especially when the borrowed funds get embezzled.

But if it were earned, it does appreciate the country's economy.

Karleb:


It depends on the import.

If it was borrowed, no way! It can't improve the economy especially when the borrowed funds get embezzled.

But if it were earned, it does appreciate the country's economy.

okay. Thanks man

Dathypebruv:


Don't bottle this one...

Cc. Kaesyrn

What am I always late to the party

Thanks... Really insightful

Abambam:
Okay, great.

Look at these trades, switch to 4hrs , you can trace them with what I sent.

This is trend trading, using daily trend direction , then I wait for 4hrs retracement into those lines then enter the market. Posted chart so you can trace those to see what I'm talking about.

So you can decide for yourself if you want to trade trend or anti-trend. Merge it with your vast knowledge.

How we stand going into the last hours of the contest.

Entry correspond to 2nd line. I didn't enter because daily trend is down but I think that's going to change soon.
I would enter if the 4h trade is in direction of daily trend.

chfjpy to watch out for. Similar play.

Deleting the pending and trade alert I have on eurjpy (entry was on the line, confluence ) because of possible LH.

Abambam:
Waiting for reactions. Reversal usually takes place Wednesday/Thursday.

Levels held up the price.

By the look of things, BTC is heading to 90k soon. The bull season is upon us.

If a trader is motivated by the money, then it is the wrong reason. A truly successful trader has got to be involved and into the trading, the money is the side issue… The principal motivation is not the trappings of success. It’s usually the by-product”

This has been and is still one of my favourite trading quotes.

Abambam:
Okay, great.

Look at these trades, switch to 4hrs , you can trace them with what I sent.

This is trend trading, using daily trend direction , then I wait for 4hrs retracement into those lines then enter the market. Posted chart so you can trace those to see what I'm talking about.

So you can decide for yourself if you want to trade trend or anti-trend. Merge it with your vast knowledge.

2 trades heading to adjusted up tp. 1 hit.

Now scanning for 4hr entry into daily trend.

If there was time, could scan for 1hr entry in 4hr trend

ProsperoTrading:
By the look of things, BTC is heading to 90k soon. The bull season is upon us.

Clearly upon us. Bitcoin volatility is something else. I no get the mind.

infofirst:


Clearly upon us. Bitcoin volatility is something else. I no get the mind.

Absolutely.

Prosperotrading and crixx, those two guys are monsters.

Make I concede defeat from here!

I hope there's will be another contest next week. Nice competing with you guys + those two monsters!

Karleb:
Nice competing with you guys + those two monsters!

what lot size are you using for your entries?

ProsperoTrading:
Absolutely.

I know started balance is 1k with 1:25 leverage . My question is , what lot size are you using for your entries? I mean for this particular contest.

Forex is on steroid this week. Flying off the handle.

Abambam:
what lot size are you using for your entries?

I know started balance is 1k with 1:25 leverage . My question is , what lot size are you using for your entries? I mean for this particular contest.

Risk is between 1-2% of capital. The stop loss pips determines my size. No fixed lot size.

The way I moved from 3rd to 12th is crazy! Lwkmd. Gold and Nepa did me bad.
Waiting for next week.

Abambam:
what lot size are you using for your entries?

I know started balance is 1k with 1:25 leverage . My question is , what lot size are you using for your entries? I mean for this particular contest.

The particular demo account I used is a 1:10.

But then, per trade the max lot size I used was 0.02 and I didn't calculate the risk in terms of stop loss but it should not be more than 2 percent per trade.

Theyoungmaster:
The way I moved from 3rd to 12th is crazy! Lwkmd. Gold and Nepa did me bad.
Waiting for next week.

I moved from first to...

Now I'm dangling between 3rd and 4th.

Karleb:


The particular demo account I used is a 1:10.

But then, per trade the max lot size I used was 0.02 and I didn't calculate the risk in terms of stop loss but it should not be more than 2 percent per trade.

Thanks for the info.

ProsperoTrading:


Risk is between 1-2% of capital. The stop loss pips determines my size. No fixed lot size.

Brings me to another question , what is your average stop loss then? and what is the average lot size? please not in percent lol

Daily/4hr/30min -Copied

Abambam:
Deleting the pending and trade alert I have on eurjpy (entry was on the line, confluence ) because of possible LH.

Trade idea �

EURJPY Long��

View for weekly...

It's at my R1 which might not take much volatility to break but would need a nudge...

A retest and gain of momentum would be needed to break the first resistance before reaching the second resistance above (purple box)...

This is a weekly timeframe so this retest would see like 4 H4 candles....

All in all this is technicals, fundamentals could influence the Euro which is the base quote here in this case and pump it up without needing a retest...

Meanwhile if you look carefully you'll see a candlestick formation and pattern...


First post here, I'll need contrary opinions from the elders

@Infofirst Boss when is the next challenge? I need to come on board.

Kaesyrn:


Trade idea �

EURJPY Long��

View for weekly...

It's at my R1 which might not take much volatility to break but would need a nudge...

A retest and gain of momentum would be needed to break the first resistance before reaching the second resistance above (purple box)...

This is a weekly timeframe so this retest would see like 4 H4 candles....

All in all this is technicals, fundamentals could influence the Euro which is the base quote here in this case and pump it up without needing a retest...

Meanwhile if you look carefully you'll see a candlestick formation and pattern...


First post here, I'll need contrary opinions from the elders

Sound analysis....

There's more to trading than just analysis

USDCAD

Swing trade possible setup

Weekly timeframe.
If weekly timeframe closes today with this strong down ward move (3 consecutive weekly red candles), then it will likely give at least 275 pips in down move.

Entry will be at market open price on Sunday , stop loss 2 pips above 50% of range of 3 weekly consecutive bearish candle, take profit(range of 3 bearish candles).

Price is always king! Plan your trade, trade your plan!

The week is closing on a good note. I remember saying something about EA last week or thereabout. Well we've arrive at the point.. we have a confluence on which we can make bias with the price approaching the multi year trendline and weekly support at . 5337 I'll be watching to go long when the 4hr candle has given "green light" otherwise we see if the trend holds.