Redsox11's Posts

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Business › Re: Forex Trade Alerts Season 17 by redsox11: 1:08am On Nov 25, 2017

Ideal H&S in my book. You can have your own variation as to what works for you but this is what I look for when I'm hunting for H&S

For Sell , LL must be lower than the ORIGIN that created A
For Buy, HH must be higher than the ORIGIN that created A

Sorry the Jing app that I use to edit chart is acting up. Please manage.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 1:05am On Nov 25, 2017

eye2sabi:
been waiting for you for days now. i am currently short on EURAUD using your H &S pattern. i'm taking a beating though but i think it will be in blues soon. nice trades you've displayed here

This is very poor H&S , at least in my book. I prefer the ideal ones.

I'm waiting for you to post your nuggets tho.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 2:06pm On Nov 24, 2017

EurUsd
c'est fini

Business › Re: Forex Trade Alerts Season 17 by redsox11: 1:55pm On Nov 24, 2017

The ones that got away ))

Business › Re: Forex Trade Alerts Season 17 by redsox11: 1:50pm On Nov 24, 2017

Jalive:
TGIF

Jalive my trade ba? hehe lol grin

1 Like

Business › Re: Forex Trade Alerts Season 17 by redsox11: 1:18pm On Nov 24, 2017*

[quote author=bigbasho post=62393365][/quote]Bigbasho where have you been?

Business › Re: Forex Trade Alerts Season 17 by redsox11: 12:57pm On Nov 24, 2017

Took some few hits, maybe more than few sad

but I try to cut my losers short and allow profit some room to grow

Business › Re: Forex Trade Alerts Season 17 by redsox11: 12:55pm On Nov 24, 2017

H&S

Business › Re: Forex Trade Alerts Season 17 by redsox11: 6:21pm On Nov 20, 2017

Who caught this , just open the platform and saw this.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 6:17pm On Nov 20, 2017

eye2sabi:
Alright boss. Yea I call them supply and demand zones.
But I still want to understand your own view though. Lol I'm Oliver twist

Share some your nuggets, I'll share some more of mine

ehizmac:
Yea it is a very big lot size for the account but based on the analysis involved i call it the jackpot setup so I loaded my boat..

That's dangerous, I also increases my lotz when I see A++ entry, but yours is on another level, hope you have some back up money incase of margin call. It's very easy to see a spike of 100 pips that will wipe the account. Hope you have SL somewhere to mitigate risk.

hegelian:
anyone want a serious brokers should look into brokers with home based regulations (i mean with physical officies in these countries and not foreign companies with their regulations)from the UK,Australia and the US and i will recommend brokers like darwinex,LCG,LMax and Ducas,Atom8 (that is if you are really serious about trading and you take it very seriously without bothering yourself with silly rebates or promo....

Good point, but Bros, there is nothing like silly rebates oh, if you trade large volume, you call up your broker and negotiate good rebates. I've seen people collect 2000-4000 $$ rebate every month on their account. So nothing silly about that.

I can't say the same for promo though .

1 Like

Business › Re: Forex Trade Alerts Season 17 by redsox11: 3:02pm On Nov 17, 2017

Gazelle22:
But it later dropped to my target of 148.55

Yeah I saw that, good job.

G/U in 250 pips range. I'm looking for a reaction at the upper horizontal line. So as to get reduce SL.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 1:18pm On Nov 17, 2017

eye2sabi:
I'm still waiting for you to talk on areas of interest as you said you would. it will really go a along way to help some of us. thanks bro

I will soon.

It's not some big secret though

You can see where price are drawn to mostly on your charts / decision areas grin

Cheers.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 6:20am On Nov 17, 2017

obatine:
#BREAKOUTANDCHANNELTRADES

Hope you keep posting, good info.

I like it when channel ( I usually call is price compression ) is obviously going down for good buy entry and vice versa.

When I see the compression, I know price is trying to find the nearest area of interest then go the opposite direction.

Ps: You enter a trade and it's taking so much effort to give you profit, it's going +5, +7, +10, +12, YOU notice you are in profit but it's taking forever to move in your direction, all of sudden price will just move against you with so much ease and head to your SL.

You're most likely in a price compression.

1 Like

Business › Re: Forex Trade Alerts Season 17 by redsox11: 5:52am On Nov 17, 2017

Gazelle22:
Valid Head and Shoulder sell on GJ

Couldn't figure out the H&S on your GJ chart. Maybe I've got sight problem.

Exited mine.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 5:49am On Nov 17, 2017

incredibleace:

pinning the fox

Very nice entry

Hope you took some of your profits.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 2:48am On Nov 16, 2017

Gbp/Aud -5pips
Locked E/J E/A and E/U, free trade now

Business › Re: Forex Trade Alerts Season 17 by redsox11: 8:33pm On Nov 14, 2017

E/J and A/U

Business › Re: Forex Trade Alerts Season 17 by redsox11: 3:08pm On Nov 13, 2017

Pending, 5mins. It's all about waiting game now.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 12:04pm On Nov 13, 2017

Missed the ABC in yellow colour. Pending on the red abc. Keep an eye out.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 12:02pm On Nov 13, 2017

Invalid ABC.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 10:05am On Nov 13, 2017

E/U Might be clearer if you go to 1hr chart. Same ol' same.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 10:03am On Nov 13, 2017

'Member the G/A I posted last week or previous, price finally got to the level.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 11:45pm On Nov 09, 2017*

No more...
Enjoy !!

Ps: If you see the one with small hook where you can hide your SL above, that's your 1:10 RR right there... Scan your charts, you'll see what I'm talking about.

Pps: Now we can say we are graduate of "Valid" H&S (Head and shoulder) Pattern.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 11:43pm On Nov 09, 2017

I've given some quality pattern to add to your toolbox, some trade only this pattern. Enter only the ones with tight SL or ignore. Minimum 1:2 RR, 1:3RR is better. Stop to breakeven @ 1:1 RR

With this charts, no way in hell you won't understand it, I've got it over simplified for us

Business › Re: Forex Trade Alerts Season 17 by redsox11: 8:43pm On Nov 09, 2017*

Who can tell me why....

no takers? ??

Business › Re: Forex Trade Alerts Season 17 by redsox11: 8:41pm On Nov 09, 2017

FX:
Who is with me on EURUSD. I sold at 1.1640 resistance. Target is 1.1500. RR is 1:3.5 May the pips be with us.

Good entry you've got there mate.

eye2sabi:
Good morning brother, I have been following your posts and I must say I've learnt so much from you. You're doing a great job.

Please when trading your H and S, where to you consider as your area of interest? Is it S&R lines/zones? Or is there another factor you use to determine it.

Thanks

Best use what you're comfortable with. S&R is good, even supply and demand. I usually like confluence of different things, I don't even think about it, when I look at my charts, they just jumped at me. I'll talk more about area of interest sometime soon.

1 Like

Business › Re: Forex Trade Alerts Season 17 by redsox11: 12:58am On Nov 09, 2017

The C almost got me, that's why it's good to add some pips buffer incase of stop hunt. I set it to breakeven after 1:1 RR was reached.

I've marked out some AB,C area for future reference... Some watchlist.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 12:51am On Nov 09, 2017

BigJakie:
Hello Redsox...

May the pips be with you
Cheers

I saw a reaction at your area, would have use the sharp fall as A. Did you catch this? 9-10pips SL, it was good for 30 pips. I usually lock my trade/ breakeven when I have 1:1 RR, that way it's a free trade.

One can set pending or wait around the C area for reaction before entering.

bigbasho:
@ bolded is what i want to be hearing o. That was what i meant in my previous post.

He didn't share how he trades/ or system, just random talk with myfxbook link and live calls when he was entering.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 7:15pm On Nov 08, 2017

nennin:
yes i have made 200+ pips in profit, thanks sir God bless.

Peeps go to university for 3+ years to get a degree which doesn't mean you'll be successful in life, it just makes things easier for you, broaden your horizons. Imagine if ppl put the same effort in FX, a lot people would have been more successful. Instead people look at it as get rich quick scheme.

Nice job Nennin . Don't forget, you've to keep at it, nothing is impossible. You have to work hard and put in the work.
Keep it up man.

Ps: True story... A Nigerian guy, living in Surulere, Lagos, username Kin- something on FF turns 10k dollars to 137k in 2 weeks.. We've got some real talented people in 9ja. Of course, not everybody will get to that level.

You don't have to compete with anybody, just compete with yourself, that way you'll continue improving.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 2:07pm On Nov 08, 2017

Who caught the G/A sell... I woke to see that it didn't reach my pending order, would have been a lovely H&S trade.

I now look for H&S, added it fully to my arsenal now, I prefer the ones with low risk and more reward to be on a safer side.

If SL is too big, I just ignore and move on, there is always another trade around the corner.

U/Cad took me out for -9pips. Took early profit on Aud/cad +11 as it went into ranging.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 1:57pm On Nov 08, 2017

BigJakie:
Hello Redsox... Ive been tradin the forex market recently with a little bit of success. Thanks for sharing such valued info on here freely... Based on your H&S system this seems to be a valid setup.
It alligns with the 61.8 fib level...

Correct me if I'm wrong

May the pips be with you
Cheers

Sorry for late response.

I like it, I'm not sure where the stop will go though.

incredibleace:
GBPUSD sell

Nice entry on G/U ... and I also see M structure there.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 1:40pm On Nov 08, 2017

Shevychen2:
3.Still on profit taking, a market based system of profit taking is more reasonable than fantasy. It is nice to have 1:10 R:Rs but it is fantasy if it is not price based. Where is the next support and resistance? What time of the day or week is it? For example. A day trader still hoping for a major move after UK session close is day dreaming.

5.Don’t fight to get a 100% success rate. Anything above 50% is good if you target 1:2 RR. If you keep changing your system with every loss, you will never grow.

All so valid, especially 3 and 5. If you keep doing 5, you'll keep running rat race, running in circle and going no where.

bigbasho:
It is nice to have 1:10 R:Rs but it is fantasy if it is not price based This is what i am gunning for now. So that i can make more money from a 20 pips move than a 200 pips move. My goal is to make money not pip. kikikiki. @Redsox should know where i quote this from..

Mi boss, I dey feel you. Got your drift, not everybody will though wink

I've been holding this A/Chf forever and it's not going anywhere, phew!!
U/J , I believe there is room to downside, so I'm going to hold.

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