₦airaland Forum

sweetveek:
please I'm kindof confuse here, which leverage should i choose here?

The 1.500 you choose is exactly what am using

Time to check crypto

Knetpro:
This is great.

Keep me updated of your journey.

I will.
You welcome

randy01:
Will be busy this week

And all this hit stop loss

So a guy was saying negative thing about fxtm withdraw so I make withdraw request on Thursday by 4pm and it land in my account midnight (early Friday). at least am sure of withdraw anytime I need it.will add the money back once I finish my busy schedule this week.

So

I have open my position For the week base on my top down analysis from the weekend.finger cross

Will be busy this week

sweetveek:
what time does the market open on Monday?

It will open today Sunday by 10:30 pm.

After my loss on eurgbp earlier this week.i went back to reanalys then I spot head and shoulder on daily then I wait patiently for buy opportunity.

Loss is good as long as we are learning from them.next week I go again at least am improving.

As long as we're learning from loss

Loss is that bad

Geovanni412:
Today market just dey look funny on eurusd

I can't see a blinker of trading opportunity

Na to close shop unless magic happens due to news and move of 70 pips appears


How u take see am?

I don't have any sell bias on any USD pair for now especially eurusd except if price broke below that blue line.if I see any buy chart pattern on lower tf I will be buy small small till it get to that box at middle.when price finally broke the box and retest.that is when I will be buying with better lot size.

Geovanni412:
Na so

Houseboy to audusd.

I no suppose look am but once news enter...ma usually one way traffic for both of them

Good idea to stick to the normal six pairs you mentioned or trim it down to three.

If you're trading six pairs, indirectly, you are trading twelve pairs.


Unless you choose negatively correlated pairs.

Do you have the energy to monitor twelve charts?

Normal I don't believe in fa.i do only ta and anyway market face that is where news push it more to the direction.i don't need to monitor many everyone of them I just need check the one with trade opportunity.gbpjpy have been ranging since Monday and it just broke the range.i will be waiting retest.only need to for opportunity.the usdcad I open yesterday.i have been watching it since last week.

Geovanni412:
Damn....you could have taken a trade on nzdusd instead

News came out by 11:54 pm.

Moved by Abt 30 pips

Here's what I observed:

Nzdusd and audusd can move well even without eurusd moving because of thinner liquidity

Both pairs are moved heavily by news

Also, I observed that recently euraud and audusd have negative correlation and eurnzd and nzdusd have negative correlation

I used this info to check my nzdusd trade I took this morning on a $100 cent acct.

Details on nature of audusd and nzdusd movement are explained in depth in that currency book by Brian Dolan I mentioned earlier.

Boss, that eurgbp is a cross and is hard to call.

Eurgbp can correlate +/- to gbpusd or gbpchf or eurusd depending on the nature of the news.

I think it's best to target it around major news event day like tomorrow for gbp.

For all news, use forexfactory website to check.

I have long removed nzdusd from my watchlist since I notice it's houseboy to AUDusd.
I will decide to stick to normal six pair I start with.
Thanks for your contribution.

Geovanni412:
Damn....you could have taken a trade on nzdusd instead

News came out by 11:54 pm.

Moved by Abt 30 pips

Here's what I observed:

Nzdusd and audusd can move well even without eurusd moving because of thinner liquidity

Both pairs are moved heavily by news

Also, I observed that recently euraud and audusd have negative correlation and eurnzd and nzdusd have negative correlation

I used this info to check my nzdusd trade I took this morning on a $100 cent acct.

Details on nature of audusd and nzdusd movement are explained in depth in that currency book by Brian Dolan I mentioned earlier.

Boss, that eurgbp is a cross and is hard to call.

Eurgbp can correlate +/- to gbpusd or gbpchf or eurusd depending on the nature of the news.

I think it's best to target it around major news event day like tomorrow for gbp.

For all news, use forexfactory website to check.

Special thanks for your always timely help.

Good morning

More volume please

Geovanni412:
here:
https://www.nairaland.com/7504926/forex-trade-alerts-season-23/501

Thanks bro

Geovanni412:
Okay. You should join the forex grp on nairaland...some big boys there give out free accts if you can scale your competition acct on prop firm to a decent level.

Link to the group or I should dm you?

Geovanni412:
Thanks.

What is the reward for participating in the competition?

You can read all those details on their website along with their rules

Geovanni412:
Is it free?

Yes
But this month registration already closed.you can register for September own

My normal account

And it's almost 1% profit

So I took 100k fundednext August competition account

.

Am anticipating for a breakout on USDcad since last week.maybe it finally happening

Geovanni412:
What time do you trade?

I prefer to ignore everything till 8 am....close to London open.

No specific time.anytime market show opportunity I trade but most of my trade usually happens within new York session.am currently waiting on usdjpy 4hr close for potential sell.

Week is starting iñ 5 min already promised myself not to make same mistake as last week.

Am starting off again with $11 balance

Geovanni412:
You're welcome

As for gbpjpy

I advice you read the book on currency trading for dummies by Brian Dolan

Forget the funny title name...

There is a passage there on trading crosses like eurjpy and gbpjpy...

I read it this morning, it says...

If you find an opportunity on crosses, trade the cross alone. If you see a trade on gbpjpy, do not expect to see the same trade on usdjpy or the reverse trade on gbpusd, trade that cross opportunity alone.

You'll also find more specific information on how particular pairs move (audusd, usdjpy, eurusd)

On audusd and nzdusd, they are like twins

USD pairs tend to move in one direction but sometimes they might differ in timing.

Jpy pairs , eurjpy might move down while usdjpy is still ranging. If you check July 25, you'll observe this.

Thanks I will check the book

Geovanni412:
Audusd and eurusd are strongly correlated

You are doubling your risk if you trade both of them 70% of the time

Usdjpy and gbpjpy has a significantly strong correlation.

Usdjpy and gbpusd are negatively correlated especially during news events

My observation is that when usdjpy ranges, gbpusd will trend for a short while within that day and vice versa.

The pairs tend to lag each other in movement from time to time.

https://www.myfxbook.com/forex-market/correlation/USDJPY

My two cents:

Try focus on eurusd and usdchf. Both are negatively correlated.

Or focus on usdjpy pair when you notice gbpusd ranging and vice versa.

Special thanks bro.
I have noticed almost All USD pair move same and jpy follow each order.nzdusd was on down trend sometimes last month and I was trading it.immediately AUDusd move up nzdusd just reverse and follow without forming any reversing pattern even on lower tf which is why I was buying gbpjpy and also selling AUDusd.
I always trade it against each other since I notice that.

Thank you bro.one love

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