₦airaland Forum

Good morning
Today start with $3 loss.lets see how today goes

Time to rest for today.i experience loss of $2.37 on audusd and step index but jump 75 brought $8 profit.we loss money and we make money.as long as what we are winning is bigger than what we loss.we are doing well.

CodeEmir:
we need someone who can teach forex in a 4days seminar in Lagos (paid)
kindly drop your WhatsApp contact

I don't live in lag.thanks for the offer

After a retest

Structure change.
Waiting for retest to go short

Been busy with work since monday.time to look at chart

randy01:
I have been building buying bias on jump 10 since two days now.daily is at buying zone,4hr making inverse head and shoulder pattern but I did not get enough momentum candle on completion of right shoulder.
Now I have shift to 1hr TF.i will be waiting on break and retest

After playing around without giving any valid entry.it later buy hard

nwakgr8:
How much did you make with the initial deposit boss?

Deposited $5 and make $13 which took my account to $18

randy01:
Entry taken

Turnout a loss

randy01:
I will be selling v75 in 30 min time if this 4hr candle closed like this

Entry taken

I will be selling v75 in 30 min time if this 4hr candle closed like this

My eye are on this v75 1s buy trade if I get entry.trading is not by force. opportunity must present itself

randy01:
I have been building buying bias on jump 10 since two days now.daily is at buying zone,4hr making inverse head and shoulder pattern but I did not get enough momentum candle on completion of right shoulder.
Now I have shift to 1hr TF.i will be waiting on break and retest

I never trade this cuz no entry.it just ranging.

Geovanni412:
Ok, boss

Just work with the plan...keep us updated

You are too worried about lowest lot size instead of risk....

If I traded the pair you worked on with .005 lot size the way I trade crash index my risk would have been $5 which is more expensive than the $1 or $2 per trade which I risk on crash index.

Lemme explain further....on volatility 25(1s) index which you traded....

Lot size was 0.005 , for me my stop loss would have been 1100

Doing the math : 0.005* 1100 = $5.5

On the other hand, me trading crash 1000 index with 0.20 lot size

On crash 1000 index, my stop loss is 10

Doing the math : 0.20*10 = $2

As you can see, even though ,I have higher lot size trading crash index, my risk is significantly lower than if I was trading the volatility 25(1s) index.

Just bear this math in mind so that you keep the acct for a long time.

Wishing you more wins!!

Thanks

Geovanni412:
Instead of trying to find a way to trade on jump indices, I think it would be easier for you to work with a similar volatility 1s pair say a volatility 50(1s) index .

Or you could do that and still work on the jump index...

Am a trend and market structure trader.this particular volatility 50(1s) is ranging on daily.you can't see me trading something like that.i just select 13 pair including range break, volatility and jump because they have minimum of 0.01 lot size.

I avoid boom and crash with many volatility cuz lowest lot size on them is 0.10 upward.i saw buying opportunity on v25 four days ago but lowest lot size is 0.50.i just forget about and it has been buying hard since that day.i have $10 account to work with.i just need to stick to plan

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.

Thanks bro
I have been learning to take profit infact I already close the trade with $13 profit.

I have been building buying bias on jump 10 since two days now.daily is at buying zone,4hr making inverse head and shoulder pattern but I did not get enough momentum candle on completion of right shoulder.
Now I have shift to 1hr TF.i will be waiting on break and retest

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.

Bro I have joined the bus today and I was welcome with this

G

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

My strategy is with daily to hourly then entry on 15 min.i will try it out this new month.

Thanks

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.

Interesting bro
How do you risk only $2 per trade on $10 account or do you just transfer only $2 for each trade and all those crash and boom have 0.20 as less lot size.how do you deal with that.dont you think 0.10-0.20 is suicide journey on $10 account.

Then I scale to one hour to find entry and here is results

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.

here is tradingview web version on my chrome Brower.
I saw some guys talking about volatility 25 on one group so check it out on Thursday I saw it approaching resistance on daily

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.

Thanks bro.i have all deriv account verified.
I would have love to but my laptop stop working and I can't analyse on mt5 properly.i use my phone for everything.i try to use tradingview web on my phone browser but when ever I finished my analysis and I drop my phone while waiting for price at poi.if I came back and refresh My browser the analysis will be gone.i need to analyse again unlike tradingview app on my phone.my analysis are always there.i have draw everything on high tf since september.that why I stick to Forex.

This market love playing rough play.imagine using weekend to analyse EUR then took entry as market opens.only to get stop out and EUR begin anticipated move 😭😭😭😭

Good morning
Happy new week

Recovery mode activated

randy01:
Buy limit successfully set

Update on this buy limit

Buy limit successfully set

I will be setting two buy limit for this.

So I have been holding this position since last week and I will continue to hold it this week.i already closed one position out of two.

This week is full of up and down.started the week with $11.the account went down to $6 and the account is back at break even.which means no profit or loss this week.