Redsox11's Posts
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Breaking it down more... When and what to trade and what to stay away from. So say I'm looking for BUY entry, I want to see the market coming down for a while strongly and respecting the MA line Opposite for Sell entry.
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Disclaimer; This is not new idea and I didn't create anything here. I'm doing this to help others, I'm not looking for anything in return. It's simple enough to understand, and can give anyone a strong forex background to build on. This will take you from a trader with no clue at all, to a trader with some clue. Is this the Holy Grail ? If you are searching for Holy Grail on public trading forum or even anywhere, then I wish you sweet dreams ![]() There is no need to use more that 1 moving average, so we are going to have only one. It doesn't mean to buy/sell blindly. It mean it aid you to make an idea of what could happen and where you are in market CIRCLE "there's different terminology, circle and all... it's not important, it's the idea behind it that is important". So basically we'll use the HH, LH, LL, LH info we learnt earlier with just 1 MA line (If you don't understand HH, LH, LL, LH... Read up on it, it's not difficult idea to grasp at all). Some extra info; we are not looking to trade MA lines, or MA cross, it's little bit more comprehensive. Ps: Others are welcome to contribute. More info coming... Ps: Can you see how you can combine the use of HH, LL... With this MA lines?? What do you see? questions??
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G/CHF G/U ... was stopped out on it earlier coz I jumped the gun. Using higher TF for direction. Ps: I'm not teaching this as this requires years of experience, intuition and discretion. What I'll try to teach is simple, straight forward and you could build on it.
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Down Trend Up Trend Hope the text is readable from the charts?? Please do ask questions, no question is stupid question. We're all learning.
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kunletoks:Beautiful chart with beautiful labelling and explanation. Nennin, are you following us? LEARN TO TRADE WITH SIMPLE STRUCTURE. I’m not reinventing the wheels , I’m going to post simple and yet power method, It’s not mine but I believe it could help a lot of new comers, even old people can learn one or two things going forward. Set up a demo account and run with it, I’ll answer questions and explain as simple as possible. I’m sure others here too will help out. This is especially for new people… So that you have a good and solid background and you can build on it going forward. Ps: I'm not selling anything incase peeps are thinking, if I've got some hidden motives. |
Intra-day... G/U U/C Update GU- Stopped out.
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kunletoks:Thanks a lot Kunle. We still need for down trend if you have please. I'll post and talk more about it tomorrow. I need to get some rest. Have a beautiful night rest guys. |
nennin:No Bros, it's only this " Higher Low HL, , High high HH, Lower High LH, Lower Low LL? " I care about that you know for now?? When trending up you should see series of HH , HL... and when trending down, LL, LH.... And you can also use to determine trend change. It also can help tell you when to stay away from market, choppy areas. Ps: Just this for now- When trending you should see series oh HH , HL... and when trending down, LL, LH... Guys contribute, let's do it together. |
wamiikechukwu:Nice one, hope you're not basing your entries mainly on the cloud, you should use them as guide, I'm sure that's the way you use them anyways. If I was you I'll find way to sell around the blue zone you marked with tight SL and move the breakeven asap. I call them scout entry, I use them to test the market. Sometimes few of them stick and you'll see you are in the trade before most people. If it doesn't work out, you're just risking few pips. Well that's the way I play it, you might have a better way. Someone should please post a document about Higher Low HL, , High high HH, Lower High LH, Lower Low LL? Or post a chart with explanation. If you do, you are helping us all and few new people here. onojiwizardgmailcom: How is it going man? you're scalper? You should teach us one or two things here. |
incredibleace:Yeah, I could direct you to where to see more incredibleace:Yeah looks so but I ain't gonna enter sell and put my SL few pips above the high with large stop. What I want to see, by any chance, price should spike up to the high or close to the high of the pin, so I can enter and put just 10-25 pips SL I don't care if I miss the move, I do 't chase them around, I wait for them to bring it to me ![]() Just thinking though, what is this thread for really? we just post trade, mostly after taking 'em... Is anybody really learning here? Maybe we should start thinking about opening a thread a side and teaching proper... Am I blathering or is someone thinking the same ![]() Ps: In a restaurant with friends here, the wine might be working on me ![]() |
nennin:What trend lines? You didn't answer my question... If you don't know it, please read up on it first. Bros how far? how your side? Are you getting there yet? Do you know Higher Low HL, , High high HH, Lower High LH, Lower Low LL? I want to point you somewhere if that's okay. How do you trade presently? Indicators, orderflow, supply&demand? What are you working with now? |
WEEKLY
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XauUsd UsdCad Where I have in mind to point Nennin Trust me forex could be very easy if you're grounded, follow few rules and don't easily get carried away ( trade responsibly and wait for the right set up). Don't go around jumping from one place to another, chasing your tails all over the place. You don't need some fancy sh*t to make money, trust me guys.
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nennin:Bros how far? how your side? Are you getting there yet? Do you know Higher Low HL, , High high HH, Lower High LH, Lower Low LL? I want to point you somewhere if that's okay. How do you trade presently? Indicators, orderflow, supply&demand? What are you working with now? bigbasho:I'm sure say na the bot go mistakenly ban you. If that happens, just write to the MOD. |
fkdmods: You could just come in and be like, show proof these are live trades and not just on demo. You can do a simple call out to him, and it's left for him to accept the challenge and show that it's really live trades or not. It doesn't have to be like na by force or na fight. But the thing is that fkdmods, you weren't following this thread and reading up on all posts, if you did you would see a post where PipBasket deposited a thousand dollars and start "basketting" with it. So you should have read the old/previous posts to find out first. Shevychen2:It's definitely worth it. Thanks man, I appreciate the excel. |
priceaction: If you remember I anticipated they might try to go up and clear all the SL around the top. I have 3 breakeven trades taken out ( each was ranging from +20 to +70 pips, I was hoping to cut 1 out for +100 pips but that didn't happen ). So why I wanted to enter buy, as I anticipated they might try take it up to clear SL, so I wanted to find a spot to enter from bottom but didn't get the structure/pattern I was looking for to get in. When I say I'm looking for structure/pattern it's because I'm looking for where to get in with tight SL ( managing risk before thinking about profit ). incredibleace:I don't like the long bar, don't know what to do yet, will try to go with the flow or sit on my hand. |
incredibleace:Boss I say make I dey follow you too for back na. Double Top
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Pipsbasketings:Man do as you please , if you want to share, do so, if not fine... Nobody is paying you here. If I see anybody new, I'll say try trade the way you do, build and learn some good skills. I don't trade the same way, as I'm greedy and want more, but for someone new, I can't say do what I do as it requires more experience and more dangerous. My 2 cents. |
What I do, when market closes if I can or early around before Frankfurt open... I scanned through all the charts (I have a lot lol minus exotic, gold and oil and G/NZD) I flip through the TIMEFRAMES, from daily to 1hour chart. I look for weakness, strength and ranges. I've a lot so I'm very picky. I look for trend continuation, I look for counter-trend extended market run. I have a textedit ( notepad/Journal ) where I write down what I like and what I'm looking for during the day. I try to check every 4hours when new bar comes out (I know diff platforms/brokers have different new 4hrs bar but I don't care, I stick to the one of my platform "It's all relative anyways" ![]() E.g Today I'm looking for structures/pattern here; E/U sell E/N Buy E/A Buy U/C Buy U/J Buy A/N Buy N/Chf Sell N/Cad Sell N/J Sell Market is dynamic sometimes things changes, so I have to change with it, I'm not married to any of my trade, I'm always moving and following the market. Ps: I don't sell or buy blindly, I still wait for structures/pattern to finally pull the trigger. |
Intra-day. E/U +70 pips. E/A + 40 pips G/Chf -27pips All my U/J stopped out at breakeven I'm trying to see ways to teach someone/People what I do but it's a daunting task. I don't trade, if you see ABC, you'll do XYZ. I trade naked, I use indicators sometimes(3), I use intuition and you'll only get those from years of experience.
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There’s no right or wrong way. The goal is to make money at the end of the day. It’s not even really about the pips, it’s all about the money. And be discipline about it, know what you are doing. Set out with a plan and follow through on it. Cut your losses and let you winners run if you can. Use whatever can help you get good results. A/Cad 35*2 = +70 pips A/Cad 23*2 = +46 pips E/Cad -40 - 10 = -50 pips.
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redsox11:A/NZd, took some off. wamiikechukwu:Evans dey chill na
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U/J doing little better now. EU with good entry. In A/Nzd buy +4 pips little risky as there is possible 2 push downward on 15mins. I'll monitor it.
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Finally something... Phew!! You could tell of the impending pressure on 4hr chart. G/C +120 G/Chf +30 Chf/Jpy -30
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A/U. Similar breakeven on E/U too Anybody riding the E/U up?? Nice formation on daily. I'm not, I'm only looking for short on it. I'd like to see a fast rise and see where I could pick the top.
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Guys how market? nothing for me so far this week oh, and it's Wednesday. I sold A/U but came back and took me out at breakeven. Set U/J to breakeven. I'll add more entry as I see fit. Ps: I need build me a 5mins method to toy with, they are just not as reliable.
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bigbasho: It's a no go to me, no clear picture. I'll wait to see if something nice plays out. wamiikechukwu:I don't trade a particular timeframe I'm all about the bigger picture. Check U/J and G/A... I need something close to that to play out, so G/A is my leading indicator. Charts below is daily TF, inside those there is up and down movement (swings from 5mins - 1hr)U/J showing possibly bounce up on hourly chart, look at the pins. Ps: Take with pinch of salt
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U/J need to move some more before the news kick in today. Market might stall a little before then.
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teemy:Nice one, I'll have to open my A/Chf chart again, I believe I deleted it when it was ranging few weeks ago. priceaction:Why na?? please re-enter... I need more people in to push it down lol. As I dey inside the market, you suppose get confidence say no shaking ![]() Just kidding. Ps: Will manage the trades until the serious announcement tomorrow.
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priceaction:You saw that too?? ? I've been on the look out 2 days ago. People are building short on it already I don't like though, I don't want market makers to mark it up and take people SL before smart money drive it down. If you've not joined the ride, wait and hope today closes bullish but not breaking the high to short. You would even have more tight SL. Ps: Or you could wait for it to break-down and enter proper sell like every other people would ![]() |
bigbasho:Wetin remain again you need? na to teach you how to use AK47 and enter world bank na ![]() |
wamiikechukwu:Choi you be badt guy. You no even allow the guy land. Your U/C is still no show, I hate it when market is moving at snail speed. I don't touch 'em. What I'll like to see play out on U/C some good retrace and a move back up to the high, then I can consider selling it. In U/J (remember I mentioned it yesterday) , might still rock up and down little I suppose. Looking at E/U too doesn't look good to me. bigbasho: I didn't enter that E/A , I don't like those wicks before the upward movement, same thing on Chf/Jpy . |
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