₦airaland Forum

Geovanni412:
Great...I never traded that pair sha.

Try they close ya trades chop profit sha.

Look forward to seeing the acct push past where it is *10.

Geovanni412:
Chief, why don't you try trading synthetic indices on deriv?

Indices like crash 1000 and crash 500...

It is easier to work with them with good risk mgmt compared to fx...trailing stop loss can be used easily once you are in profit on the trades

Use them to generate cash flow whilst you finetune the fx strategy.

Geovanni412:
I'd say fund the acct with $20...

You can later on top it up to $100 once you understand their movements.

If you know what you are doing, your stop loss on crash or boom will be 10 points maximum

Say crash 500, if entry is 4288, sl will be 4278 max...

If entry is 4288 and stop loss is 4278...with size of 0.20, then your risk is 10*0.20 = $2


Tbh, you could use 5 points and it will still work but 10 pts is wide enough. Just don't go below the 5min chart for analysis.

These indexes work in a similar way as normal charts. Trying to find high of day on both currencies and indexes like crash 500 is suicidal

Focus is on buy below base and taking sell moves only if there is a breakdown in structure at key zone

Geovanni412:
Chief, leave volatility indices

Trading volatility 10 index and the rest is similar to trading eurusd....they range way too much

Just focus on crash or boom indices for a small acct

You don't need too much thinking to analyse that one...the only thing to note is that stop orders are not advisable in those markets because of the pace of the moves.

All you need is to make analysis on 30 min chart and 5 min chart for those indices... Sometimes, you may need 4h chart but it is rare since your job is to scalp the market.

Geovanni412:
Chief, why don't you try trading synthetic indices on deriv?

Indices like crash 1000 and crash 500...

It is easier to work with them with good risk mgmt compared to fx...trailing stop loss can be used easily once you are in profit on the trades

Use them to generate cash flow whilst you finetune the fx strategy.

Geovanni412:
Chief, why don't you try trading synthetic indices on deriv?

Indices like crash 1000 and crash 500...

It is easier to work with them with good risk mgmt compared to fx...trailing stop loss can be used easily once you are in profit on the trades

Use them to generate cash flow whilst you finetune the fx strategy.

randy01:
Buy limit successfully set

Donsheddy:
Stop loss was picked, i resold again

Entry 21480
Sl 21650
Tp 21000

Donsheddy:
Stop loss was picked, i resold again

Entry 21480
Sl 21650
Tp 21000

realone12:
dmahn find a book called best loser win and read.. there you have answers to your problem

GabsonFX2:
See the box on the same AUDUSD chart you just uploaded.

And yet again, the same AUDUSD chart you posted, that is a support that got tested and respected 3 times, broke out but failed. Like you did 2days ago I think, you would short at that strong bearish candle that broke the support and see the red box I placed there --- massive loss.

Oh you ignored that support abi, and you picked the one already printed; or that is not a valid support?

I will reiterate - Support and Resistance exist, I don't use them. I see them, but I don't care about them.

GabsonFX2:
I see you don't get my whole point, and you are even repeating the same thing I have said over and over again about support was once a resistance and vice versa. You are saying theory, I'm showing you practical on live trade.

I wish you best of luck.

I rest my case...............court!!!!!


You ask me question I answer you.now answer my own how do we trade if support and resistance are rubbish according to you.de we just open mt5 and longing because price is going up ?

GabsonFX2:
I see you don't get my whole point, and you are even repeating the same thing I have said over and over again about support was once a resistance and vice versa.

I wish you best of luck.

I rest my case...............court!!!!!