Redsox11's Posts
Nairaland Forum › Redsox11's Profile › Redsox11's Posts
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Fxwarrior:Sure you're just playing around there lol athaliya: AwesomeDuru: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:+44 pips today. 4 days winning streak and counting. Done for the day/week. |
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:I'll shoot you a message right about now. |
ujoh11:Get your fake sales speech out of here . |
bigbasho: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. |
Fxwarrior:Great that you got it to work. priceaction: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:Ladies are good at trading, I believe in you. Keep at it, you'll get there sooner. |
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. |
athaliya: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:That's such a reckless call. Why would anyone do that? buy against strong down trend. Enigmaticprof:Go through babypip.com education, to get the basics first. |
Fxwarrior: It's from your end, FF calendar is running fine. Zoom out and zoom in on your browser maybe that will help.
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Anybody took my pound/yen call? you should be smiling now, some +80pips. After hitting ceiling. |
Back to winning ways +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. |
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. |
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. |
The group is on fire. Hope everybody is doing great. I've seen some good calls here lately. Who wants to train me? ![]() currentprice:Great call. Do you live in Nigeria? that's a lot of quick peeps. |
priceaction: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 ![]() |
redsox11:U/Cad Ps: If you post your real time trade for 3 days here , I'll do for 1 week, all live calls ![]() Lemme see if you've got balls ![]()
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priceaction:You can put your talk into action, talk is cheap , 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 ![]() Ps: If you want something , show the way, not just talk, I've not seen you post any real time trade here ![]() |
EU 1hr/4hr
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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.
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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.
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Some charts. Hope you guys are doing great .
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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.
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priceaction: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 ![]() |
redsox11:I didn't say he meant harm. I'm open to hear others as I mentioned. Shevychen2: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: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: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. |
priceaction: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. |
redsox11: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.
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redsox11: redsox11: redsox11:
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PIPnator:Pipnator good work, nice and clean charts. |
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:
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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. |
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.
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To show the breakeven trades on Usd/Cad . Was only good for measly 50pips Good I set it to breakeven.
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1 trade left on U/jpy. Scouting U/C. Was out breakeven the last time. Moving with the flow.
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+45 today. 