₦airaland Forum

seyiade26:
I only traded USDCAD and USDJPY. Although I saw that a lot of the pairs on the watchlist I posted did make good trades later. I also saw how USDCHF turned where I may have entered if I was watching...

Your method is really solid but I now have the probably good problem of many paths to take and don't feel like abandoning any. In fact my mind keeps wanting to try for more. I know different methods can have dry seasons and I dislike dry seasons...

How do you manage to track your watchlist. I won't even burn effort preparing them manually; never mind trading them simultaneously. I get very engrossed in individual or few trades; but I am trying to think of a way to take everything and earn more.

Eventually the week was a slight loser because some other things I tried (seasonality) flopped (or just went through a bad phase) and I got out too early from uj (which actually earned much more than the USDCAD I posted)...

AwesomeDuru:
Nice.
But you're over trading. 2 or 3 open positions is okay.

collitexnaira:
My trade this week. I was only able to trade a single pair this week

seyiade26:
Okay etc. Never mind. Na small thing dey vexing me atimes. Happy weekend...

GladmanGoddey:
am about to demo trade this idea with cad news. will post result after news

alphaNomega:
None of the people I know who tried this were successful. Give it a shot, you might learn something.

seyiade26:
Should have gone in thicker on this. To just double this tiny live account. Trend people are enjoying sha

JoshMedia:
Hi guys.

What do you think about FXTM investment account?

What are the risks or disadvantages?

They offered to pay 50% profit

AwesomeDuru:
Boss, your Gold call was very correct, stuff of legend. I got burnt by it and the little profit I made for the week all got taken away. Here's what I will do in response:

I will trade demo for this week, my live account should chill first. I have decided to trade demo for some time everytime I have a losing trade. Lol.

I am currently battling a demon in me on my first live account.

seyiade26:
Too much spoon-feeding boss...

redsox11:
First you have to remember I mentioned you need finesse to trade that way (have to be advanced), it's far easier to trade with the flow of the market. I don't go out seeking for it most times except I miss initial entry to go with the flow of the market.

Tips;
-Don't do it if the market just start UP or DOWN trend, for you, wait minimum of 3 days trend to think of entering that way, those will be the easiest entries you can get.

-SL is 20-25 pips minimum above the high, you start counting from the high, not from your entry.

-As you're trading against the flow, you ain't going to get a lot of pips, take what you can get and protect yourself.

-Say GU daily move averagely 120pips/daily, wait for it to do 120-150 pips before looking for entry, better if you get W/M formation before entering.

-Most often than not, it's not going to be a change of trend, sometimes it can fall 100-150 pips but those are rare.

- MOST IMPORTANT tip, you've got ONLY 1 "/pair" shot at the entry, if market hit your SL, you MUST not re-enter (So you don't start chasing your tail and start racking up losses coz that's what you'll get if you start re-entering. Just 1 shot and that's it)

*** Best I can tell you is enter with the flow of the market, not counter trade.

redsox11:
I got messages asking me how I do my counter trades. Instead of writing back to individuals, I'll put it right here.
First, nothing is set in stone, read the chart and see the behaviour before doing anything.
Take what you can from this, it's just the way I do it when I feel the market rhythm.

I'll post chart later.

kozmicity:
@infofirst pipnator fxwarrior tunderr

My first trades already in the money...

I'm more than excited now!

infofirst:
Mr Market for you. We just need to learn to understand his behavior every now and then with patience.

infofirst:
Where are the beginners. It's month end. Can we get feedback?have you completed baby pips school of pipsology? Are you improving?
The intermediate traders too... How market? Flash back to Jan 1, has there been improvement in your understanding of the market? Did you learn from your losses? Wins? Is your plans for the year still in tact? Is your emotions in check?
The professionals? Your boys will not mind any suggestions, advice and way forward. We are all learning. What have you learnt this year that you will love to share with us?

redsox11:
I'm expecting some RANGE or FALL day on GBP pairs today, especially the ones that did 200pips yesterday. They may try to throw in a fake bull run.

But if they are going to continue the run up, they will need a reset before resuming.

redsox11:
Watching this closely, better entry would be allowing the price to retrace around 70% of Friday fall before selling it.

bigbasho:
Only a true trader will teach you how to catch fish. You are indeed one in a milla. Thank you always pal.

kenostika:
Nigerians pls stop embarrassing us on forexfactory.The complain is too much.

alphaNomega:
If that poster is Davit, then it is not an embarrassment.

The guy is as useless as they come

wiconse:
how does one get to know so much about forex babypips helps but not much.....i have a friend who knows about forex, but he said he is with iml services and i hve to pay the compulsory 217 dollars. all am asking is who can help know and understand forex to a particular point tnx

collitexnaira:
Good day gurus in the house.

Please can a swing trader help me analyze EURGBP and GBPCHF. I currently took a buy trade on EURGBP and a sell on GBPCHF. Presently the both pairs are going against my analysis and am in a huge loss but they are yet to hit my stop-loss. Am considering closing both trades with the the present loss or leave them maybe they will change direction and start going my way on Sunday night.
Pls i need a swing trader to tell me if there is any possibility for EURGBP to start going long and GBPCHF to start going short when the market opens on Sunday

wiconse:
how does one get to know so much about forex babypips helps but not much.....i have a friend who knows about forex, but he said he is with iml services and i hve to pay the compulsory 217 dollars. all am asking is who can help know and understand forex to a particular point tnx

seyiade26:
I just figured there is something I have been doing terribly wrong all week. Inadvertently undermining many time-honored, trusted and terrific trading methods just because of my personal preferences.

I have been following this thread for years so I know how many are the bosses here and been here. I know some of the old guys like pipbasketinngs (Mr swing trading) and Bollinger from last year; to name only a few. Obviously I know all the current bosses and have all the respect and adulation for you guys. I don't want to mention names so I don't run the risk skipping anyone.