Redsox11's Posts
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I like small risk and more reward. 5pips Stop and 20 pip Take profit here. Not giving fish, you've to learn to fish yourself. Enough info on the charts.
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Achimaechi:Your sub window is RSI that stick to up or down when you have OB and OS ? I've seen something like that before I suppose.
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- Trading can be simple - Simple can be profitable - Indicators are not necessary - Waiting is necessary - Trust your eyes - Always use stops or emergency stop - Don't trade too big compare to your acc size, you'll be nervous, emotional and scared in trades. - Don’t listen to analysts. They can stuff up your decision making process and cloud your judgement. Do yours - If you are suffering from losing streaks, take a break. Take sometime off from trading to clear up your mind. Anyone care to add to the list? |
CAD/JPY Do you wait for the right set up, or you just enter anything you see that is moving? Do you follow the set of rules you have in place?? Or when the market start moving, you forget all your rules and want to jump in because you don't want to miss the oppotunity?? If you've got those bad habits, you've got to start working to correct 'em Ps: There's entry and pattern and what have you everywhere BUT when you have those set up and pattern in Area of interest, it increases your odds a lot.
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Two major obvious H&S but only 1 is valid according to the rule. The rule helps, so you don't start to chase shadows. Looking for H&S even where there's none.
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I'm looking to incorporate this in real time with my set up. I especially the big ones which is easier to spot than the smaller ones. Don't forget the basic rule of H&S ,** the RISE or FALL away from B has to engulf the A, if not, you've got an invalid set up. The simple rule keeps you away from tonnes of fake and invalid Head and Shoulder (H&S) .
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I'll be posting some follow up, some little more advance, but nothing you can't grasp by going through everything step by step. How you can look for daily/ 4h entries or set pending orders, that way it don't disturb your day job. I'll touch on few things, and putting it all together. Finding area of interest(not the deep one, something you can work with), looking for entries when price get into the area. At least to have few tools to go about entering the market. Until then have a nice weekend |
Was screaming sell me silly... Was in the area of interest, M formation. A lot of pins around there suggesting buy exhaustion. Holding U/Cad, I'm looking to find a add-on area and few other trades
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Bolutumiii:That tool will take you in with a retrace... Look at it very well, you enter after retrace back into the zone. Sometimes you have to be flexible, go with the flow, be in tune with the market. |
Bolutumiii:If you say so, then take this tool to join body, tool to add to your toolbox. How to use?? when and If market runs into area of interest. Sense/Logic behind it... Other people looking at the market to enter trade, they see the clusters, they pull the trigger to sell when they see all those red candles appearing, BUT the MARKET goes up and screw them all up by taking their SL which is above... So when the market goes up and come back to the other side, you should find somewhere around the sell zone to sell it. Ps: That's why you hear people sometimes say, I enter sell, the market go catch me first before the market come go my direction. Ps: I'm looking at sell on U/Cad if something like this plays out, I'll post it as I take it.
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Takes about 10-20 seconds to draw up areas of interest. Good luck and trade well my oga,s
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Random... Might be areas of interest Even more interesting when you can find/locate BUOB or BEOB in area of interest to help with more confidence to pull the trigger ![]()
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wamiikechukwu:Okay, I'll do sir ![]() Shevychen2:Thanks Boss. drisi:Bro is good to learn how to fish, instead of expecting someone to give you fish. What if they give and stop giving all of a sudden. Why would you want someone to have that so much power over you. You should start giving us alerts / fish too here, capisce ? Ps: Look at this chart and start working ... Start scanning through your charts, you'll see a lot of those... Similar patterns everywhere. 1 hour upward, 4 hours even better, zoom out your charts and keep us apprised about what you discover. Incase you don't understand what you see on the chart... 1) Look for a Tap/bounce on a area...and 2) wait for a STRONG BREAK through that area.... 3) Then wait for market/price to go away for a while then return to that area it broke out from ( must wait for it to go away for a while before returning ) ... Take your trade there or wait to see sign of weakness/ double top or double bottom before taking the trade. I'm waiting to see your charts, post them here, we can all go through it together.
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Some very good nugget for my people here... All dis small small info wey I dey drop here sometimes took me so long to get, some sweat and blood and tonnes of screen time. You'll probably have heard me mentioned AREAS OF INTEREST few times here. I'll give 1 off here now. Check chart below. Hope you understand it from the chart below or ask if something is not so clear. Ps: Look through your chart, find it on Weekly / Daily / 4 hours , they are all over the place sometimes.... After you can go to your normal TF to pull the trigger in that area with very tight SL and big profit target.
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trendmaster: bigbasho:Sent Bosses. Might want to check your spam folder if you don't see it in your inbox. bigbasho:Those are H&S but little far apart. You have to zoom out a little or look at the bigger picture once in a while to see them. cute75:You should tag Wami and Teemy to help you with some good info I guess |
bigbasho:Boss man if you have where I can send it to. redsox11:Usually runners, if you ever hear 10pips SL and 200 target. Very rare but happens. Can you spot a few on the chart??
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Guys the market structure and MA Line I posted here is not meant for advance member/trader. I stated it when I first started talking about it. It's for beginner, something to start with, to get your footing. To get you started with solid basics. Then you can move forward with something little more advance |
Guys the market structure and MA Line I posted here some weeks/month ago is not meant for advance member. I stated it when I first started talking about it. It's for beginner, something to start with, to get your footing. To get you started with solid basics. Then you can move forward with something little more advance and you'll still come across the structure in one form or the other. sojmann:Sir I don't know where to start from with those... I believe it will take close to 2years of forex experience for anybody to even understand it. Those patterns is not easy to spot, especially for un-trained eyes. Using 3 levels (sometimes + SH) and M/W for entries. You'll see those and pick your entries at AREA OF INTEREST. Some here have CJ pdf but still couldn't understand or grasp it coz it's little bit complex for new ppl. I could direct you to ratios and harmonic, a less complicated method (a very solid method tho, if you learn from the right source) but you need experience too. Ps: There's 3 levels + SH and W on A/J ![]() PPs: Chart below, some random pattern but solid one (won't make sense to you if you're not advance)
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Gbp/Aud You guys should have a great weekend ahead. Good night. ![]()
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redsox11: redsox11:
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Shevychen2:That's a great total man. Keep up the good work man. incredibleace:Guys check this out... This is CJ price mapping. Do you know pattern repeat? Do you know, you can see exact same pattern playing out right now that has happened before. So the old chart can serve as road map for you, showing and telling you where market is heading to next. Just imagine having a road map of price... So all you need is confirm the entry with the system you already have in place. This particular chart was posted on Wednesday before the GBPCAD price got to this stage. Ps: Look at the colour on the chart to help you locate the price movement.
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Not mine... Just some motivation. There's so many ways to make money in this market... That's $110,000 + a month trading result. I've a long way to go, I have to set my goal up high there, Harmonic trader. He's got no two head, he's human like us, if we want it bad enough, we got to work our ass off for it.
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Aud/Chf Might retrace all the way up to where my SL is and fall. Something to put on your watch-list
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topsyn03:Good Job bro. Are you using same method as wuyexzy wuyexzy:A/J... See A/U possible 3rd lvl down and W formation, I'll wait for the fall and see reaction at below 61.8.... With some other pairs. Do you trade 'em, I mean do you use CJ method, some part of it, that is? |
I got my ass handed to me trying to scalp, I'm greedy like that sometimes. Anybody trading off 15mins charts here? redsox11:Ps: Back to normal TF talk... Anybody took the NZDCAD buy?? there was stop hunt that I'm sure trigger some SL and send some break out traders the wrong direction.
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Mayorlink2016:I guess you'd have received a lot of spam messages by now ![]() Why do you think someone would just go out of his/her way to contact you and teach you how to make money. Since when the world be that nice huh?? Do you know who's going to contact you? you'll get sharks and marketers reaching out to you... And that's to take what you have, to part you from your money. Yada yada... I know, but that's the bitter truth. teemy:Great job Teemy, I see you topping the rank there. I hope people don't take trade calls and enter it into their live account. Someone could enter 5 trades, put 2 on here and those happen to be the bad ones. If you're going to follow someone's call, you better be sure you're entering all their calls/trades. |
Looking at NZD/CAD for long term buy, some good set up forming on weekly chart. Hope the price comes back down to the low, so I can look for entry with tight SL |
redsox11: Where is E/N strength coming from? I'll see if I can enter quick short. Holding UCad -10 currently, came close to my SL earlier, seems to be turning.
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teemy:And you should hold on to your trades, if you're not feeling comfortable , maybe set to breakeven and let your profit run or come back to take you out at breakeven. You're bailing at out of your profit far too early and not letting them run. You should do opposite, cut your SL short, maybe as they go against you a little , cut them and when in profit ride 'em. I know it's not easy but I know you can figure it out. |
g/cad sell g/j sell e/u buy e/n sell u/c sell 20-30 pips SL 50 pips target. Go to breakeven at +25 You're going to find a way to locate high of the day for sell ............................. locate area ...low of the day for buy Hint; If you see a surge on hourly bar that is not supported by volume ( meaning market wey dey run/surge on empty stomach / market wey just dey blow smoke wey no get power inside body ) example of surge on the chart below.
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Trading shampoo on 15mins. Let's share ideas here, So many ways to trade fx, take one or few and stick to it. JejeIsLife:Ask 'em Bosses Bigbasho, Teemy, Chevy... them plenty here or message them privately. E no easy oh, i guess if you want it hard enough, you'll find a way.
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incredibleace:Old chart for you... Combining levels with what you are already doing. You notice the asian range?? I love trading off it on 15mins. Ps: Charts is 1hr TF. It's easier to count levels on it for me. Pps: Is it absolute?? of course not, that's why they say the market is dynamic. That's why we have to use our head Ppps: See the last chart, at the level 3 count(price going up and down and all over the place), that's where the confusion comes in ... Look at it this way, like it's try to paint a very big W.
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Thanks