₦airaland Forum

charly20:
Closed out oil position.

EA, I'll ride till exhaustion but as stated; "i no dey add new positions till August"

For the interest of trade calls,EA is around a good area to buy from.

Modified;
I had previously stated that I'd ride oil till $73 (that is in the grand scheme of things, anyway) but my trading system depends on market structure and demand and supply. $100 proved to be a strong demand area causing a break of previous swing high at $109 (a short term buying opportunity may just be available now sha) so in the interest of business, I'm taking the profit so that I can sell again with it.

Indices seem to be following the same framework.

charly20:
Good job,chief.
More wins.

charly20:
Things dey happen o.

I took this trade in my smaller demo account and its all good. E reach for the prop demo, i come dey do; "let me be careful and look for reversal pattern" Well, long story short,market left my ass behind

I then remembered a quote; "if you're too careful,you'll be careless" Your system na your system abeg. My system is "find a POI,price gets there and gives you the candlestick, go gun blazing"

Now i go dey hustle trade tomorrow like daytrader because time go soon finish for the trials and I suppose win this one because e too important

charly20:
I'm currently running a very interesting FTMO trial but i couldn't trade oil for the very same reason.

I'm just hoping GJ gives me the boost to finish the trail before the countdown is over.

Concerning ease of passing the trials as compared to the contests, it is because you're not bound by competition rules especially regarding lot sizes. But all the same that discipline was what i cultivated from all the contests i partook in from last year to this year's.

infofirst:
If there is another word that will describe it better than motivated. Thumbs.
Trading world is lovely once you get it right.
Keep it going bro.

charly20:
Nasdaq....

History repeats. I saw on oil,I'm seeing again on nasdaq.

Credits to @bigbasho. Na for your hand i learn this one,boss.

VlamesIffect:
Mostly reversals i guess?

charly20:
I don't always have the luxury of looking at my chart, so sometimes it's "set and forget"

Whether looking or not, we are still taking risk.
Cheers.

Candbud:
start to dey learn trend line and fibo, he go improve your market psychology strength. Which is the thing between you making profit or loss

charly20:
Omo...RM abeg.

I don chop red receipts wotowoto since last week but account still dey alright.

When they say, don't trade like you depend on the market before you eat, i think say na whyning.

I sampled two accounts....one was emotionally invested and this one in the image, emotions are no longer felt because i have become balanced trading the account. The one with emotions did badly.

WAGMI abeg!

charly20:
It's the weekend,I'll shake it off quickly. I'm only a bit pained because it's an evaluation account that got affected but no wahala. The smaller account i took the same trades, profits from Au and EA absorbed the loss well. I'm alright.

I'll study those times (2:30 and 3:30).

charly20:
I'm licking my gold wounds.
Are you seeing what i see on oil?





I'm still following this map. When oil begins to tank,it may go on for weeeeks. $73 won't be a surprise.

charly20:
Why this people dey do gold like this?

Massive liquidation....hei

Meanwhile it's time to short oil again abeg....asset wey dey give joy.

charly20:
Update!
Here we are.

charly20:
Trading oil is simple eh.
The waves no dey hard to count sef but the volatility can make you pay heavily if you get it wrong.

This corrective wave just presented an intraday short opportunity. Of course,i no go trade am but it is there.


@Richgen, how are you, Chief?

infofirst:
Based on season 7 nd other seasons performance.

charly20:
Maybe i got lucky on this one

charly20:
My short order just got filled at your Tp.

Let's sell to your fellows who want to still buy

charly20:
Update;

Gold rallied as predicted giving me enough pips to reach my target 5%.

On my demo,I'm floating the profit because I'm still swinging to 1900.

charly20:
My short order just got filled at your Tp.

Let's sell to your fellows who want to still buy

charly20:
Actually, my decision to close was because;
1. Yesterday's high was not taken. So I was seeing a clear shift in structure and I needed a choch to confirm that I will go short.

2. I had to check why we couldn't go past $112 and there was a previous gap that was filled and a new LQ pool was created there instead of $116.

A new demand window has been formed for my short entry. Tomorrow we dance to $100 according to the Sunday night analysis.

I hoped for nasdaq to at least reach 13150 but it didn't.

charly20:
Oil is currently at a decisive point. If the markets trades below the price line,I will be stopped out with about1,100+ pips. And i will look to short upon favorable retracement.

If otherwise, $116 is still the Tp.

infofirst:
Indices? Indices wotowoto no b for here o. Make you look at gu again. It is better pair to help you recover. Slow and steady much better.

charly20:
Today's commentary on oil and usdjpy;

Oil rallied as predicted yesterday heading to $116 as i type. In line with market structure on "new HHs and new LLs" I will watch for a reversal to $100 before the next rally to $120.

If price first rallies to $120 before reversal, buying at $100 becomes unappealing to me. The market is clearly creating a sell model.

On usdjpy, i exited my position with -20 pips for the following reasons;
1. Today is Monday. If there will be a sell off during the week, Mondays and Tuesdays are days required to generate liquidity.

2. On my fib, price is even below 50%. Therefore, buyers' discount.

3. I drew a TL to pinpoint possible reversals and 130.510 looks like it given a hidden demand window.

4. Since I like entering a position from the top, the false failed swing (inside the yellow rectangle) didn't rally downward after 12 hours. From previous experience,if that happens, it is likely we are having a symmetrical triangle forming. Hence, market wan use me create liquidity .

If you do not see the liquidity,you are likely the liquidity
Trade safe!

infofirst:
@Karkinase is the winner of the Contest 7. Congratulations bro.
And thanks to everyone that participated all along.
Now unto the personalized contest.