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Redsox11's Posts

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BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 1:56pm On Dec 14, 2018
Fxwarrior:
Just restarted it. I can't even say I have ever finished babypips school. Its been on and off so am starting afresh.
Sure you're just playing around there lol

athaliya:
Na una be my senior o, I'm in elementary school o, we shall get there
AwesomeDuru:
Which stage are you in babypips.com please? I'm already in Summer school. We'll get there
Don't stay too long on babypips school, it's for absolutely for beginners. So as to learn forex terms, candles, indicators et cetera.

When you know what; sell is , buy is, what indicator is, overbought , oversold , types of orders, limit/stop etc... When you learn all those , please don't over stay there.

Move on and learn trading by trading on demo, get a system/ a methodology, look for one that soothes you. For example, if you have a 9-5 job, you will need a system with that timing factor in.



redsox11:
Back to winning ways grin +45 today.

I'll see how many days streak I could string together.

Anyone looking at Pounds/Yen ? I'd say it's around the ceiling now and short should be in order.

Good luck, done for the day.
+44 pips today. 4 days winning streak and counting. Done for the day/week.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 9:49am On Dec 13, 2018
Fundamental knocks out all technical analysis dead in the water. You see what the vote of confidence on Prime Minister May cause the pounds to rally strongly.


bigbasho:
Lol. i miss you more man. well i trust you na. i will resume next year full time prolly. Got my hands tied now with lots and no good connection where i am currenty. i must have forgotten a lot by now. please drop me a mail bigbasho@gmail.com. Gist plenty o. Glad you are back..
I'll shoot you a message right about now.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 9:44am On Dec 13, 2018
ujoh11:
Hello,

As a forex trader,
This modern company does not involve risk trading where traders need to trade with either to loss or gain.

All you do is to sell your virta stock and make your instant profits.

I make good daily incomes from this company platform as my extra source of incomes to my bitcoin wallet. every day.

Visit and register with the company latform with just one dollar to earn your first profit from their market to see how great their trading platform work.
Get your fake sales speech out of here .
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 12:53pm On Dec 12, 2018
bigbasho:
where have u been bro!
Bro... bro..., I miss you man. How are you doing? long time.

I was away from here but still under ground trading and refining my skills.

I'm fc*king machine now/ trading machine / deadly weapon. I'm where I want to be and I'm still growing, but slowly and trying to be humble and don't get carried away by my own hype lol. Coz as a deadly weapon, I could also use it to hurt myself real bad.

How's trading? hope you're still kicking ass.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 12:44pm On Dec 12, 2018
Fxwarrior:
I had to click on the events and it showed.
Great that you got it to work.


priceaction:
^^^ you want to buy cable for long trend? I don't say it's not possible, but as it is now, you better know how to do hit and run because anything can happen at anytime. Market makers take sl at will and they won't announce it coming. They just spike in a moment and you are suck. Lesser time frame with lesser sl and tp should be your best bet in this period. Be guided.
I couldn't agree less with you, any buying is dangerous and you have to be very smart about it. Taking it one day at a time.


athaliya:
Lol, beginners luck, i'm still a beginner o, let the luck continue.

Im already enrolled in babypips
Ladies are good at trading, I believe in you. Keep at it, you'll get there sooner.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 12:04am On Dec 12, 2018
Tomorrow free and the easiest pick is Euro Usd. No stress trade, bias is short. Time of trade; Look for it after London Open.

There's 2 downward swings on 1hour chart so far, you are looking to trade the 3rd swing downward tomorrow.


Wait for around 50% retracement of yesterday (Tuesday) swing, then SELL the heck out of it, thank me later.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11:
athaliya:
Wish i met this thread earlier.
I'm new to forex trading. started with $150, made $415 in 2 weeks and mistakenly blew it all. I cant stop thinking of all I could have bought with that money this christmas cry cry

I wish I knew this thread earlier, I'm learning though and following with rapt attention
You most likely had beginners luck but don't give up, hang in there. Would have be nice for you to enjoy the $400+ this Xmas.


Fxwarrior:
Buy all GBP pairs. Stop loss 50pips. Target 200pips
That's such a reckless call. Why would anyone do that? buy against strong down trend.

Enigmaticprof:
Hi, I'm new to forex... Just learnt the basics some weeks back to start trading. Is it advisable to take a loan to start the trading?
Go through babypip.com education, to get the basics first.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 5:12pm On Dec 11, 2018
Fxwarrior:
What is wrong with forexfactory. I can't view previous, expected and actual data at same time. Besides tomorrow's news data is not updated.

Can you recommende another site?

It's from your end, FF calendar is running fine. Zoom out and zoom in on your browser maybe that will help.

BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 5:10pm On Dec 11, 2018
Anybody took my pound/yen call? you should be smiling now, some +80pips. After hitting ceiling.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 3:13pm On Dec 11, 2018
Back to winning ways grin +45 today.

I'll see how many days streak I could string together.

Anyone looking at Pounds/Yen ? I'd say it's around the ceiling now and short should be in order.

Good luck, done for the day.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 5:17pm On Dec 10, 2018
They should get the Brexit over with already. They are just using the opportunity to keep manipulating the market.
Hope no one was caught counter trading before Prime Minister May's announcement. That was a sharp fall.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 4:40pm On Dec 10, 2018
First losing day after 2 weeks winning streak. Need to calm my tities.
Missed a great entry then started chasing price since then.
I'm calling it a day. Start all over tomorrow with fresh perspective.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 6:25pm On Dec 07, 2018
The group is on fire. Hope everybody is doing great. I've seen some good calls here lately.
Who wants to train me? smiley


currentprice:
i thank mkt for given my own share this week. combine of over 400pips no be moi-moi o

..and congrats to those who follow buy above white levels. next week is another week to start fresh.

back to the drawing table...patient pay

grin grin grin grin
Great call.
Do you live in Nigeria? that's a lot of quick peeps.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11:
priceaction:
Now it has turned to bragging and competition instead of contributions, they need you more on forexfactory than here. grin
By the way you keep on showing demo up and down, abi you think na baby u dey show chart to? Try and tell me that the last chart you posted is a live and I will totally expose you now.
ntorrrrrr
Come check acc... WHat do i expect hehe , you've got no balls... make live calls you run , small challenge , you tear race.

I'm outta here. You should try PM me, I could help you, and get rid of those HA candles, who's going to take you serious , when you don't even look at price when trading. Obstructing your view with HA candles, that you don't even use to trail price.

It's not going to be pissing match btw me and you. I'll only reply if YOU take the challenge. Good day grin
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 11:40pm On Mar 25, 2018
redsox11:
Keep grinding , I didn't get here overnight. You've to put in the work.

Ps: I'm looking at usd/cad if I get in on a cheap price.
U/Cad

Ps: If you post your real time trade for 3 days here , I'll do for 1 week, all live calls grin grin
Lemme see if you've got balls grin

BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 11:35pm On Mar 25, 2018
priceaction:
Why many folks lately always showing trades close to TP or already running than showing entry point, potential entries , update and something like that. We will never know when you enter, when the trades have run for hours , you will now be disturbing us with chart. I don't think it is useful then, according to the name of this thread: FTA.

.
shots fired.
You can put your talk into action, talk is cheap grin, why not do, maybe others will follow suit.

I'm not here often again, I just posted some of my trades to keep the room going as it became very quiet here, I'm not gaining anything on here , few people have contacted me and wanted me to trade funds for them, but I'm not interested as I have enough to keep myself going grin grin

Ps: If you want something , show the way, not just talk, I've not seen you post any real time trade here grin
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 6:40pm On Mar 23, 2018
EU
1hr/4hr

BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 1:41am On Mar 23, 2018
Keep grinding , I didn't get here overnight. You've to put in the work.

Ps: I'm looking at usd/cad if I get in on a cheap price.

BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 1:36am On Mar 23, 2018
Remember you are not defeated when you lose, you are only defeated when you quit.
Successful people keep moving. They make mistakes, but they don’t quit.

Don't keep doing same mistakes though, work on yourself and be discipline.


Couple of +100s pips in total.

BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 1:31am On Mar 23, 2018
Some charts. Hope you guys are doing great .

BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 8:44pm On Feb 28, 2018
You both make good points, I’m actually open to conversation and different perspective.

You guys are fixated on the 5 pips SL which is actually not the important part of the idea I’m trying to convey here.

Of course I know there is more than one way to skin a cat, so I’m not singing some holy grail.

Did you guys notice, only 1 good trade got the account back to ++, so what does this tell you? high WINRATE is overrated if you know what you’re doing. The point is if you can get 40% - 60% - 80% of your trades to breakeven, you most likely got a winning system on your hand even if you don’t know it just yet. What you need to do is make your R:R do the remaining work.

Ps: So you don’t have to trade with 5pips stop loss , it can be 20pips or 50pips SL, then you have to increase your target to make for good R:R trade.

BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 8:35pm On Feb 28, 2018
priceaction:
Bro, let everybody trade as him like oo. at least we learn differently. me wey dey pick most of my trades on 1min self dey use 30sl initially.we learn from market differently, the irony is that when market humbles us, we will not shout out here, we will just mellow and likely refund, which to me is waste of good time grin grin grin
Humble and refund bawo? ?? ... I'm one of the few here that usually post my negative trades, including charts.

Ps: In one of your posts, you said a particular currency bounce off monthly/weekly resistance/support . But you do know how many times price pass through those resistance/support like knife pass through butter.

Close your eyes and draw lines and trend lines on your chart, you will see price reacting to them too, no?

It's a relative my brother grin grin
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 8:33pm On Feb 28, 2018
redsox11:
Ps: Good conversation, keep it coming , we can share opinion and how others see things, agree to disagree.
I didn't say he meant harm. I'm open to hear others as I mentioned.

Shevychen2:
@Redsox.. Don't think @Priceaction meant any harm smiley
My own grouse with the history is the 4-5 pips SL on GU,GJ, EJ etc.. Even if trading off a 1 minute chart, I'd think 10-20 pips will be a better SL to actually say the trade failed. UJ, EG, EChf are some pairs where such tight SL might work.
Any currency pair can be traded with tight SL, so far you account for the spread. So technically I can enter GBPUSD and set my SL to 3pips, say spread is 1pip commission (so I have a wiggle room of 2 pips ). Yes?


Shevychen2:
I'd love to know how many of those trades that hit 5 pips SL went on to be winners. Or how many of them would have been profitable if he reduced lost size to 0.1 and increased SL to 20 pips.
It’s a relative I’ll suppose, few will hit 10pips SL, 20pips SL, or 50pips SL. Wherever you put your stop loss, market can get there.


Shevychen2:
Under current methods, 5 straight losers (just 25 pips) gets him on -10% of his account and that could happen in a day. Scary for me.
This is non issue as you can set each trade to 2%, 1% or 0.1% of account. Risk according to each trader risk appetite.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 11:19pm On Feb 27, 2018
priceaction:
Bro, those trades are recipe for future disaster for a newbie.
30 trades for just 4$. He will be paying brokers commisions and free money.why cant he just trade on 30 mins chart, and study a trade per day.If he deposit , he will blow that account away faster.Just a friendly advice for the fellow.
How long you recon he is going to blow the account ??

Bro, those trades are recipe for future disaster for a newbie... How so?? though he could do better getting more trades to breakeven as I mentioned in earlier post.

30 trades for just 4$.... That's the main problem with retail traders, get rich quick mindset.

He is got only 1 profitable trade, account balance is + $4 ... If he had 2 profitable trades and account balance is +$ 404 dollars would that be killer and very fine and profitable system to you? THINK ABOUT IT..

FX is no SPRINT, people should really let this sink in, it's a MARATHON.

The account 7days old account. He might blow the account , it's for learning purposes, with my help and instruction , It will be hard for that to happen but possible.



Ps: Good conversation, keep it coming , we can share opinion and how others see things, agree to disagree.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 10:41pm On Feb 27, 2018
redsox11:
I've been teaching a friend how to trade forex, he is pretty new and doesn't know a lot yet. He is good/learning different terms and few other things I think is important.

Set up a demo account for him to run, gave him what to look out for and trade. I'll see how he can follow simple set of rules at the end of the month.
Update…

The result is “poor” , he got emotional a lot and didn’t follow my instructions to the latter. With what I gave him to start with, he should be able to get close to 50% of his trades to breakeven. He's so happy to call me and tell me his first demo profit lol.

The goal and instructions I gave him should get him close to 50% breakeven trades. I don’t care about his winning trades. I know those will come eventually.

I think a lot of scalpers/ day trader can be so profitable if they can get their trades to 40% — 60% to breakevens.

If you can do this , all you need is to skewed the R:R to your advantage. THINK ABOUT IT…

Consider the pic attached; He is new to forex and can do this with some little instructions, consider with your experience and all, you should be able to do little better, don’t you think ?

You need a strong mentality though, to hang in there and continue after those small losses and breakevens.


Ps: Total trades is close to 30 trades and he could only get 7 or 8 to breakeven. It’s way off… He should get close to 15trades to breakeven. He’s pretty new so I’m not going to be so hard on him just yet.

He is lucky though as he didn’t start off learning junks on forex.

BusinessRe: Forex Trade Alerts: Season 18 by redsox11:
redsox11:
I've been teaching a friend how to trade forex, he is pretty new and doesn't know a lot yet. He is good/learning different terms and few other things I think is important.

Set up a demo account for him to run, gave him what to look out for and trade. I'll see how he can follow simple set of rules at the end of the month.

You do know some find it very hard to follow simple rules, they get jumpy when the market is moving and forget about the rules to follow.

I'm not being mr nice guy though as I'm also using him/opportunity to test out some ideas I have but can't work with right now.
redsox11:
Simple rules ;
15mins TF.

Find Bias, simple things to look for,
Wait for set up, 1 trade per pair, 2 max.

Watchlist, 3-5 pairs to watch...

Trade management, split trade... SL = 5-7pips , TP = 50 / 100 pips.

Breakeven after some good move away.

R:R -- 1:10 ... 1:20

I'll try to report his progress when I can.

Ps: Sample chart below. Don't get carried away most won't turn out that way.
redsox11:
Brokers' stats show that retails traders enter in the correct direction in 60% or the cases. So why do they lose? Their loss are twice bigger than their gains. "They lose more money on their losing trades than they make on their winning trades."

BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 2:20am On Feb 15, 2018
PIPnator:
Possible buy on CHFJPY..

Daily and 4hrs chart.
Pipnator good work, nice and clean charts.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11:
Flat now on Usd/Jpy , no fancy R:R though as my initial stop was close to 33pips.
Usd/Cad won't just fall. I will sit on my hands now and wait for another ride.



redsox11:
USDCAD to breakeven, free trade now. No dilly dally, sweaty palms, wishing and praying for price to move in your direction.
USDJPY, can you hold out for few days? most won't.

BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 8:01am On Feb 13, 2018
Brokers' stats show that retails traders enter in the correct direction in 60% or the cases. So why do they lose? Their loss are twice bigger than their gains. "They lose more money on their losing trades than they make on their winning trades."

Cut Your Losses Early, Let Your Profits Run. When your trade goes against you, close it out. Take the small loss and then try again later (allow price to move away from that area, saves you from getting trapped in a ranging market).

It is better to take a small loss early than a big loss later. When a trade is going well, do not be afraid to let it continue working. You may be able to gain more profits.

Do more of what is working and less of what is not – but it runs contrary to human nature. We want to be right. We naturally want to hold on to losses, hoping that “things will turn around” and that our trade “will be right”.

Meanwhile, we want to take our profitable trades off the table early, because we become afraid of losing the profits that we’ve already made. This is how you lose money trading.

When trading, it is more important to be profitable than to be right.
BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 7:05am On Feb 13, 2018
redsox11:
1 trade left on U/jpy. Scouting U/C. Was out breakeven the last time. Moving with the flow.
USDCAD to breakeven, free trade now. No dilly dally, sweaty palms, wishing and praying for price to move in your direction.
USDJPY, can you hold out for few days? most won't.

BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 8:01pm On Feb 12, 2018
To show the breakeven trades on Usd/Cad . Was only good for measly 50pips sad
Good I set it to breakeven.

BusinessRe: Forex Trade Alerts: Season 18 by redsox11: 7:46pm On Feb 12, 2018
1 trade left on U/jpy. Scouting U/C. Was out breakeven the last time. Moving with the flow.

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