₦airaland Forum

Was hot before , some good winning streak.


Ps: Band is not important. I look at price (Before Anything), it's when I see something interesting and where price at before I even look at the band. No trading band blindly.

enolife2:
please which Analysis tool are you using to draw those lines and big arrows

Try JING

===================================DOCUMENTARY 1 ========================================

Good read from Dongsky ;

I started trading and i didn't have any clue at all of what i was into. I signed up for a live account (5k regular acct at fxcm) after a sales person from fxcm made a lot of very promising sales pitch about forex. I remember him saying " having an investment of $3,500 (regular account) you can double your equity in no time" until now i don't have a clue what he meant by that. I opened an account thinking i will become rich in a quicker manner but to my dismay several days later, the market had skinned me alive.

I funded my account several times and until i realized my lifetime saving was now bleeding and said to myself something must have to be done, and as soon as possible. I was sitting infront of my screen after a long afternoon of business accounts consolidations (my own business - small cafe) i was reading few threads from FF and stumbled to fti's thread, TFA and i was really stuck to his thread. I was so interested and read the thread through (4 full days) and re-read again.

I've learned from him how to follow and read the market, feel the pulse and react quickly to whatever she (the market) gives. I really enjoyed experimenting fti's rescue tactics but i preffered cutting losses and running profits than rescuing my troops for i never really had a high success rate by doing so. until now i'm still doing 112 & 113 attack sequence as fti's teaching, I preffer to stick on attacks than rescuing.


And then i came accross the thread of feb's trading with irony and again captures my interest. as i was reading his thread, again there's something in me that boiling deep inside trying to blow my brains off. just like fti he too trade basically using pure price actions, but he's got some methodology and clear cut rules.

Now i have their methodology combined fti's art of war and feb's V's formation, AWESOME!

November last year, was the month i say the golden month and the turning or say reversal moment of my trading career heheheeh. since then, i managed to recover all my losses from day one and managed to secure some pips profit

When to take the attackers out again?

Please draw a 60 minute SMA on your chart (on M5 it is a SMA(12)). As long as PA does not break that line, let them in. (well - I know that is very rigid, but that are the training wheels for now)

Of course you can take them out, whenever you feel that the momentum is decreasing significantly or PA is facing any resistance or support area. But the goal of this exercise is to let your troops ride along the trend. You should try to memorize the feeling of letting your troops ride, so that you can recall it, whenever you attack again. As long as you don't see any reversal pattern on M15 chart, let them run.

Any successful attack will be stored into your memory/subconscious. You are gathering confidence this way.

After you have done so for some weeks with good success, expand your attack scenarios to 5 levels (still 1(scout),1,1,1,1). Now add L2 and L3 very fast when PA shows increasing momentum. Take only L3 out, when M5 move is fading out. When move is going to continue add L3 and L4 very fast. Take L4 out, when signs of M5 weakness are showing up. And so on ...
... till you see any hint for a reversal on M15. If so reduce your exposure immediately. Means you can vary between taking all troops out or only last attack level depending on the strength of the reversal pattern you have spotted ...

Hmm - lot of text. Hope I could make the basic idea clear to you.
I can not believe that you don't see/feel, when there is an opportunity to add troops. From my experience most often we are hesitating to add, because of fear to increase our exposure ...

Niels.
Blue SMA is 4 hour trend
Orange SMA is hourly trend

================================DOCUMENTARY 2 ============================================


Good read from Mamood.

On the first glance it may not look like a fear related problem, but what else could be the reason not to throw in some troops, when price is moving in a strong trend? Even if you have a very bad timing, as long as you are attacking in the direction of the trend it will bail you out without any further action of you.

Well - assuming we are talking about fear or about a lack of self-confidence now, we should try to gather some confidence. So we are not talking about maximizing your profits at this stage of training, but only about getting a feel for the market while gathering some experiences with throwing in some more troops. Based on that, I would recommend a very defensive skew, like
L1 (scout),
L2:1,
L3:1.

So you have already 2 attack levels to deal with.
Now let us draw a worst case scenario at first:
When you face the very unlikely scenario, that immediately after you have deployed L3 troops PA will reverse with a 30 pip move in just a second, it will cost you "only" 0.3lots * $10 * 30pips = $90 (based on 0.1lot minimum position size).
So you should assign this ~$100 as fee for your attack training sessions
and forget about it ;-)

Yeah - hardest work in trading is to get your subconscious on track (all the scorpions). So it is very helpful to use such primitive crutches, to make it feel ok for our brains ...

Ok next step now: When to enter your attack troops?
There are several indications for possibilities to add to your troops:

1. Momentum is increasing
2. after a short term retracement of the last impulse move, when PA starts moving in trend direction again
3. A resistance or support area has been broken in trend direction.
4. A resistance or support was tested but not broken, when you see a pullback or small retracement against impulse move.

I would recommend to add L2 troops, when you feel one of the above is going to happen/has happened.

@incredibleace How are you doing sir?

infofirst:
I sent mishael request too. @ishow2005.
@redsox11. I need play one game with you o. But that 10mins too long. Let's do 3mins. Speed is part of the game.

He's a very good player. I struggled to manage a draw (I'm the black).

I couldn’t get any sleep. Totally devastated by Anthony Joshua defeat.
Maybe the fact that the beatings was too much. I’m going on and on… In my head trying to analyse what just happened.
I can’t seem to come to terms with it. My head is just spinning like I was the one getting whooped.
I took it personal. Totally heart broken.

Hopefully I’ll make some coins $$$ tomorrow to get my mind off it.

Bout to start. Phew!! Link to watch it online
http://www.vipboxme.eu/boxing

meshpips:
@redsox11 you nor gree play chess with me abi?
I requested on one of the thread you created.

I sent you friend request already " mishael ". You have to accept me first

Good read from Dongsky ;

I started trading and i didn't have any clue at all of what i was into. I signed up for a live account (5k regular acct at fxcm) after a sales person from fxcm made a lot of very promising sales pitch about forex. I remember him saying " having an investment of $3,500 (regular account) you can double your equity in no time" until now i don't have a clue what he meant by that. I opened an account thinking i will become rich in a quicker manner but to my dismay several days later, the market had skinned me alive.

I funded my account several times and until i realized my lifetime saving was now bleeding and said to myself something must have to be done, and as soon as possible. I was sitting infront of my screen after a long afternoon of business accounts consolidations (my own business - small cafe) i was reading few threads from FF and stumbled to fti's thread, TFA and i was really stuck to his thread. I was so interested and read the thread through (4 full days) and re-read again.

I've learned from him how to follow and read the market, feel the pulse and react quickly to whatever she (the market) gives. I really enjoyed experimenting fti's rescue tactics but i preffered cutting losses and running profits than rescuing my troops for i never really had a high success rate by doing so. until now i'm still doing 112 & 113 attack sequence as fti's teaching, I preffer to stick on attacks than rescuing.


And then i came accross the thread of feb's trading with irony and again captures my interest. as i was reading his thread, again there's something in me that boiling deep inside trying to blow my brains off. just like fti he too trade basically using pure price actions, but he's got some methodology and clear cut rules.

Now i have their methodology combined fti's art of war and feb's V's formation, AWESOME!

November last year, was the month i say the golden month and the turning or say reversal moment of my trading career heheheeh. since then, i managed to recover all my losses from day one and managed to secure some pips profit

My Long Term account, See the percent return for this month, and this month drawdown.
I won't bother to show my small and aggressive account.

Some wins & .

Done for the Week/ Month. Long term trading going going well, as well as short term / aggressive trading.
Now I'm here to learn from others.

femora007:
AUDCAD on my watch for possible sell for 100pips

Bad guy, I see you. Not a bad idea if the market breaks down. The bull run looks like retrace on daily chart.
I'm not saying the sell is going to work out but IT LOOKS good to me.

Ps: Some trade opportunities around but I don't want to push it, because it's Friday.

DoroBad:
...

Yo Boss man.