₦airaland Forum

rhynoemmie:
Outlook for the week.
This one came late cos I was waiting for market to settle small make i see front.

Already on the Uj buy.
Let me see if the Judas swing will take me right to the top

It's the end of the week.
Omo price action no price at all.

4 trades, only 1 picked and went to tp.
The rest just dy play with my emotions since..

Onto next week she
We move regardless

Davigle:
DXY outlook, bearish till the end of the week, MMSM possibly in play as price may have made the high of the week today... Fingers crossed...

Wait ooo
Can someone actually tradr dxy on mt5

This is news to me ooo

kozmicity:
Oya😁😁 my confidence don rise like bread. It's been triggered though.

Omo goodluck bro

samfelly:
Been busy since. Will check it out

Thank you

rhynoemmie:
Outlook for the week.
This one came late cos I was waiting for market to settle small make i see front.

Already on the Uj buy.
Let me see if the Judas swing will take me right to the top

**Update
Uj buy hit take profit.
Judas swing came through.
I'm still watching the sell tho, might just observe from the sidelines

Eu and gu reversed without getting to POI.
The week is still fresh, will be on the lookout for fresh zones to milk

Cc samfelly please what are you seeing on nasdaq for the week.

I looked at the weekly as you suggested and I came up with that sell above.

What do you see??

Outlook for the week.
This one came late cos I was waiting for market to settle small make i see front.

Already on the Uj buy.
Let me see if the Judas swing will take me right to the top

kozmicity:
UJ and Gold. I'm not too certain about the UJ though.

I'm with you on this uj. My only fear for that zone is that it occurred in a premium zone.

It's also present on the h4. But there's an fvg that's sitting perfectly on the daily.

I modifies my entry using that

kozmicity:
Na all these kind things dey confuse me... This is why I enter aggressively or off an OB if i can find one. I never trade the imbalance.

Normally, trading off of imbalances is a good way to trade but then look at the pair you're working with.

Don't shun it out completely. Try it on a less volatile pair like EU and the likes. I promise you'll enjoy it

kozmicity:
Na all these kind things dey confuse me... This is why I enter aggressively or off an OB if i can find one. I never trade the imbalance.

Normally, trading off of imbalances is a good way to trade but then look at the pair you're working with.

Don't shun it out completely. Try it on a less volatile pair like EU and the likes. I promise you'll enjoy it

kozmicity:
Gold short. I think this is one of those cases where you enter off the imbalance...

Cc Davigle, Rhynoemmie and wuxyexy

But this imbalance had already been retested in the past..

These kind of zones are for scalping. Get in and get out quickly

samfelly:
Before you close shop for the rest of the week, check the chart again, this time go higher than 4H. Week and Month. Where is this week's candle forming to (bullish or bearish)? Then work with it

Thank you

rhynoemmie:
My outlook for the week


We await our tp being kissed.
Have a blissful week ahead.

Orders will be placed at market open tomorow. ✌

Just imagine.
Seems market has somehow changed.
Moves that used to happen at certain days have changed..
Interesting

rhynoemmie:
My outlook for the week



Orders will be placed at market open tomorow. ✌

Nas100 kissed stoploss
I don see say this week no b my week. I don close shop till next week.

Seems GU will be a carryover trade till next week since it hasn't been activated.

4 trades placed.
2 didn't activate.
2 kissed stoploss
Till Sunday guys

rhynoemmie:
My outlook for the week

We await our tp being kissed.
Have a blissful week ahead.

Orders will be placed at market open tomorow. ✌

eu hit stoploss. Seems my 15pips sl was just too tight.

Let me wait for gu and nas

rhynoemmie:
My outlook for the week


Orders will be placed at market open tomorow. ✌

***Update
Usdjpy didn't activate. Guess this one wasn't for me.

Onto the next

Still waiting for eu, gu and nas sell

My outlook for the week


@Davigle hope my charts provides a little insight for you as yours does for me.

I hope you find The annotations on EU helpful.

We await our tp being kissed.
Have a blissful week ahead.

Orders will be placed at market open tomorow. ✌

pristinee:
Note
Alpha Capital Groups just increased the numbers of their competition winners to 100, go and register guys, let's be lucky together.

Please post link

rhynoemmie:
The week in general
Let me see how they play out.
Feel free to join

***Update

Nas100 hit tp
Forgive the charts. Network coverage won't let me load my trading view.
Done for the week.

Till next week guys

rhynoemmie:
The week in general
Let me see how they play out.
Feel free to join

Gj ended in a loss

rhynoemmie:
The week in general
Let me see how they play out.
Feel free to join

Eurgbp done.
Don't think eu is playing out anytime soon.

Back to the sidelines till either sl or tp on gj or nas100

The week in general
Let me see how they play out.
Feel free to join

rhynoemmie:
This is cpi week.
It doesn't hurt to stay on the sidelines but if you decide to trade, trade wisely.

Pick your poison

Let me see what the market will play out today.
Gu is almost at my POI but let me observe what NYC will do before i get in on the trade

Elliotwaveforec:
It is!
Ws30

Thank you

Elliotwaveforec:
Infofirst, indices lots size should be raised to 2

Is this the darwinex acct?
If it Is, please how did you activate us30 for it?

This is cpi week.
It doesn't hurt to stay on the sidelines but if you decide to trade, trade wisely.

Pick your poison

nzechu:
are u a Witch sir, cos this is a witchcraft trade entry for eurusd, just that eurusd Is slow


The witch would anticipate a 50% response to buy tilll 423,and I checked the weekly, concept shows they would blow past the 423 mark. But eurusd is slow

This call is for educational purposes. forex is risky

You're right bro.
EU is very slow. Tho it's definitely heading for that 1.08 but it might get there next week.

Some one could try shorting from here tho. Just wait for the liquidity grab or place limit order at 1.06 but one thing is almost certain, there's room for buy come monday London session.

Nextt:
Makes sense.

Some questions.

What happens when the trade department differ in view from the analysis department?

With the way what I'm saying is structured, the trade department can't disagree with the view from the analysis department. Everybody participating has to treat it as a job. Where your feelings are not in play.

Who calls the shots on the trades to be executed?

It could be by unanimous decision or whichever has the least risk to reward or we could leave the decision making to a person.

The best process to ensure that everyone puts in their best is, analysis are made and submitted for review. Now the trade department shouldn't be involved in this process to be able to counter bias that might arise from personal feelings and the analysis department shouldn't be aware of an analysis that has been given the green light.

how do you reconcile varying views owing to the diversity of market perspective of the participants?

I think my explanation above might have answered this but if it doesn't, then we look at it from a risk to reward perspective.

are you dealing with long term market analysis or short term?

There's no reason why we can't do both. For the swing traders, their ideas and trade perspective will be welcomed, that's why i suggested more than one account.

this looks more like a physical interaction project. How do you deal with the challenges of meeting to share analysis?

I believe it's fair to say that everyone caters for their transport. Let's all be considerate. Someone has spent on spacing and prop acct, it would be wickedness to add transport to the mix. And I'm positive that people who.would participate in this would have personal accts that they trade.(my wishful thinking sha)

the space to be rented is an office space in my assumption. How do you deal with the problem of those who may reside at locations very far from the rented space?

It all depends on how motivated the person is to the cause.

what happens when key members are unable to discharge their functions as a result of their private life pursuits or something else?

That's why it's a team. We could always fill up for others shortcomings.

I know this plan is feasible, but there are matters arising that should be addressed if this project must take off without a hitch.

Your thinking on this project is commendable.

Others will have their perspective on the issue that will also be of interest to consider.

Thanks for the questions tho. Made me think about this even more.

Nextt:
As a public endeavour, it is a long shot but worth attempting.

As a model that is only restricted to a few people there is ray of hope for its success.

Sometimes, ideas are easier framed than executed because many variables by nature are set against their breakthrough. There will be challenges and errors. If the participants are willing to stick to it through all its challenges it will be a successful model of relentless teamwork.

This quote keeps coming to mind an object in motion won't change its motion unless acted upon by another force

If everybody decides to make this work, I don't think there's a challenge we won't be able to overcome

rhynoemmie:
First of all
I appreciate all the hardwork that's going on here. I'm not trying to shame nobody, just trying to change our perspective on something.

I want to share this idea of creating a trading floor for fta and I'd like your input. Cc
Infofirst, galleryeasy samfelly gabsonfx charly20 meshpips realone12 gasive


What do you guys think, let me know before i decide to go further with this yarn

Part 2

the structure

Let's say since June, people who have hit 10% on TFT competition account and were awarded prop accts should be at least 5. That's at $250 A month. Calculating from June till September and that gets you a whopping 1k. And we don't really have a lot to show for it. I'm not saying that the traders are the problem, i'm just thinking that if we tackle this from another perspective, we could make really significant headway.I'm thinking this is what meshpips was trying to tell us sometime back but i guess the message didn't come across well.

Now we can all say based on how active most of us have been here that when it comes to analysis, guys like charly20, Abhams, kozmicity, davigle,fxcandles, nzechu and lanshile

Under risk management, we have dmahns, donsheddy, charly20,

And then traders, officialP, realone12, greatcheers, pipsmarshall elliotwaveforec

By traders, I mean people who have conquered the fear of putting on trades and waiting till those trades hit tp

If there's a way we can each apply these strengths under one name, I think we would most definitely make progress. This way the work load is shared and everybody has something to learn from each other on a fundamental basis. This project is one that would benefit the whole group, both intellectually and cash wise.

Part 3

planning

Back to the money, I think it's safe to say that at least, 60-70% of traders on fta reside in/near Lagos. Now if that same 1k could be spent in another way. Ie a flat is rented at maybe 250-300, for a year. If we don't feel safe with this deal, it could be cut down for 6 months. And then the rest of the money is channeled into getting maybe 3 × 50k prop accts and these accounts are given to people who we can all say are good traders. Acting on trade ideas that are generated from the analyst and have already been decided on by the group (samfelly). With position sizing restrictions alreasy laid out with entry and exit plans already in place.

If we could tackle it from this angle, people will have to see it differently because what you're doing now is in line with your core strength and the pressure that comes with trading could be somewhat alleviated.

Example, an analyst who's scared of putting on his trades or a great trader who closes his trades too early won't have a choice to exhibit these characters again cos the choice is no longer in his hands again.

This could prove to be a reliable solution to the problem of moving everybody here forward and resources will be put to better use. It's a solution where everyone comes out on top long term.

First of all
I appreciate all the hardwork that's going on here. I'm not trying to shame nobody, just trying to change our perspective on something.

I want to share this idea of creating a trading floor for fta and I'd like your input. Cc
Infofirst, galleryeasy samfelly gabsonfx charly20 meshpips realone12

Let's think about this, why do hedge funds do so well? What are they doing differently? Anyone who has seen a trading related movie, eg billions. Can say clearly that one outstanding reason why they're doing so well is because one person isn't doing all the job (analysing, putting on positions and monitoring trades).

Everything is properly seperated, theres the analyst and then theres the porfolio managers and then theres those in charge of risk management. It's true that they're people who can do all this on their own as we may know but we can also say that majority faults in one of the Above. We have people who are great traders and bad analysts, those who are great analysts but horrible traders and then there's the select few.
Those who can analyse their trades, put the
appropriate position and still come out on top with their psych intact..

The picture I'm trying to paint is, imagine all this mixed up under one roof (literally). Where everyone is separated based on their strengths instead. You can argue that we're doing the same thing here on nairaland but actually we're not. After all is said and done, When it comes down to actually putting on that trade, all that's there is just you and your device(maybe phone or laptop).

It could be why there are lots of "I know say na me eff up" in the community

What do you guys think, let me know before i decide to go further with this yarn

BinaryRocks:
If you like watch drama.
Your mind no go comot for chart.
Forex ehn....

That means your lot size can ruin your account.
Considerably or you don't trust your weapon.