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Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 7:47pm On May 15, 2022

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

I'm keenly interested in this.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 5:03pm On May 15, 2022

Elonmusk1:
love the way you explain,it gives a clearer view.

That's the goal and objective my brother.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 4:58pm On May 15, 2022

charly20:
When he rebuked,I knew he doesn't have the gift.
I teach exactly the same way and I'm equally rebuked.

We may not talk a lot but when it's time, we usually get an award for being talkative

Same reason i don't rebuke Michael.
It's the passion

I've been abused for this since I was in secondary school. They tagged me effico/ITK.

It's the passion my brother.

How can you hide it? I can't.

The passion burns within you that you really want everything to sink into your readers/ listeners as you understand it.

And doing it for free makes it even more fun.

Every time I listen to Michael I connect naturally as if I'm listening to myself. He teaches like one teaches a little child.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 3:26pm On May 15, 2022

infofirst:
It's in progress. There are many cases brought forward that is delaying the announcement. Audit of accounts in progress as well

You will have to do a lot of scrutiny because of lots of trades executed.

Well done sir.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 5:14am On May 15, 2022

karkinase:
rich gen, learn to summarize your writeups.. it makes ur message lose its flavor.

I will try.

Maybe its due to the way I've been trained to teach as if you're speaking to a primary 1 school pupil for him to clearly understand.

But some words are better said as it is than summarised.

The losing flavour aspect is relative.

Thank you.

3 Likes 2 Shares

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 5:04am On May 15, 2022

abham:
Lmao not when he’s an ICT disciple, e go break am down to the chrome and if you no wan learn e go frustrate you so you’ll come back and learn it properly.

This reminds me of when ICT says people tell him to get to the point and he says this is the point.

Imagine you sit to stream or watch a 3hours ICT video, you go sleep off. I usually do and come back to continue, e no easy na why Ezekiel sef no enter New Testament. Happy trading and may you find consistency.

There are terms ICT uses and he used them, I knew for sure that he’s a disciple.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 8:58pm On May 14, 2022

charly20:
Price action is very clean.
I'm too attracted to volatile pairs even when I know they burn a lot.

I too.

I must play where the big boys play. cheesy

Volatility makes trading interesting.

2 Likes

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 7:54pm On May 14, 2022

charly20:
Yes o.
I was going to leave a review before market opens on Sunday.

Currently running 1000+ pips.

Oil can vomit pips. One thing I like about oil is price movement is smooth.

NASDAQ, S&P 500 vomit pips too but very fast ehn.

2 Likes

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 7:49pm On May 14, 2022

charly20:
Yes o.
I was going to leave a review before market opens on Sunday.

Currently running 1000+ pips.

Way to go my brother. wink

That draw on liquidity to the upside is strong. On Monday I'll see if opportunity to ride it opens.

Happy weekend.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 6:39pm On May 14, 2022

MONEY247:
Very nice man...

But his videos are boring ....lol...
Learnt the technique from other traders....
......
The strategy make sense anyday anytime...

In fact, you may sleep off before the end of a video as he talks a lot about his personal experiences and tries to disabuse his followers' minds from so many abuse of wrong and incorrect infos in this industry.

However, I've discovered that the concepts he teaches are golden.

And he promotes patience, back testing, journaling trades ideas, hard work and investment approach to trading instead of get rich quick that most people love to do.

I'm his fan forever. cool

3 Likes

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 6:15pm On May 14, 2022

charly20:
No loud am, abeg .

Our own na to "long" or "short" even if the world is burning . But na who pay him dues go chop sha.

The market will break every muscle in that heart, wreck your mind that you become scared of taking trades, drag you through the spectrum of greed,fear and hope till you can't bear it anymore.

Who survive those stages naim become "pro"

Word!

How is your oil long trade? Are you still in it?

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 4:45pm On May 14, 2022*

I was away that's why I couldn't post the YouTube channel I learn from. And I can see negative vibe dished out already. shocked

Some persons are just naturally toxic.

I never at anytime here said I'm an expert, I'm a neophyte who is still struggling with consistency making profits and still learning and that doesn't say I shouldn't share the little I know and practice to this amiable community.

I will continue with my epistles as long as it impacts positively at least one person here and as I don turn to apostle Paul. grin

Profitable or not na my business.

Everything I've tried to post here is based on my opinion and I'm not forcing it on anyone here. I'm not here for vain glory.

That's by the way.

"The Inner Circle Trader" on YouTube is the channel I learn from.

If you're interested kindly start from the very first video on the channel. There are a lot of videos there but I can assure you they are worth your time.

@infofirst, kindly announce our winners and let's rejoice and celebrate with them. I celebrate you for everything you've been doing for us here and all good and peace loving FTA members.

6 Likes 1 Share

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 4:12pm On May 14, 2022

samfelly:
Go watch Ahmad Danial on youtube then you go know say person dey wey go take Forex do yeye.

He don too know Forex so tay he now sleeps and eats and breath and shits it

I know Ahmad Danial from Malaysia.

If you're new to forex you don't learn such reckless trading for a start.

A lot of people want to make money fast and such trading style will easily appeal to them.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 7:41pm On May 13, 2022*

realone12:
wow! now I see your point clearly, and guess what? I'm buying your opinion on Fridays..
I think this is one of the reason why one needs to vent out his frustration and challenges often.. who knows, someone here might come to the rescue with the right solution. just as you came to my rescue now..

now that you have given me hint, its time to critically look into your analysis and fine tune it to fit my trading style. well done bro!!

@realone12 I'm happy I can impart my little knowledge and I hope it works out well for you. Thank you.

As an emphasis, we should always be on the lookout for the daily bias and if it's not clear to you enough then don't dive in.

Also if you've missed the move don't chase price especially when NY morning session has ended.

Preferably 4pm Nigerian time.

This is my opinion and it has been working for me. I broke this rule in oil today and I got my hands burnt with 85 pips loss.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 4:22pm On May 13, 2022*

richgen:
I can relate to what you're saying.

Mostly Fridays price retrace to close up for the week. The reason we traders should learn to pay ourselves for our efforts from our running trades in profits during the week.

But some Fridays are exception if there is a high impact news involve like NFP.

Fridays can be profitable if we trade with the flow of market.

Relating to this post in quote.

I took a buy trade in NASDAQ after 1:30pm though no high impact news but it's safer to wait and see out the manipulation and then enter in the direction of the daily bias.

So I entered precisely at 2:40 pm after I had seen through the manipulation that began from 1:30pm.

So far I've taken partials of:

1) 54 pips at a short term high,

2) 122pips after an orderblock was printed to continue to the upside

3) 202 pips after second orderblock was printed and moved stoploss at the close of price of the recent orderblock securing about 112 pips in profits.

This making 90% of my open trade closed in profits. I have 10% still running and if it turns against me I have nothing to lose.

Currently it is still running in profits.

I took this trade mainly because the daily bias is bullish and I entered after yesterday high was taken out. As a day trader the daily bias determines where I flow with the price.

Note: The pips taken here doesn't amount to huge money as what defines that is the lots entered as permitted by your equity.

Friday retracement effect;

NASDAQ has been selling throughout this week till yesterday when it started to reverse during NY morning session. This is what happen to some trades in profits from Monday and gbam! Friday it will be wiped off.

Yes this is not the case every week but at the end of the week price retraces back up/down depending on the trend of the week to close for the week.

I was stopped out of my gold trade today with 8pips loss.

I couldn't enter oil buy because I was afraid of the Friday retracement. So no oil trade today.

Attached is the M5 TF of the 10% trade remaining. @charly20 @realone12 @Elonmusk1

Update

Just now stoploss moved 203 pips above entry for the remaining 10%.

Latest update

On the NASDAQ 10% trade remaining has hit stoploss and I'm done for today and week.

A quick one here

You see this thing called lack of discipline to adhere to my own trading rules just made me lose an oil trade with 85 pips that I shouldn't have entered today at all after I didn't enter during the NY morning session.

I shouldn't have chased the price at all.

Lessons learned.

That's it guys.

4 Likes 1 Share

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 12:01pm On May 13, 2022*

Elonmusk1:
all right,thanks.i have this one question.i saw someone risking a $20 account and opening multiple entries.i mean he was trading 100% of his $20 account and I found that interesting,now the question is "what do you think about such trading?and why are we told to trade only 1-2% of our funds?

That person is a gambler and not a business minded person. There is nothing to gain from such foolish trading.

Forex trading is a business with very high risk that gives you high returns on your capital but at the same time can send you packing out of business in a matter of minutes.

Personally I don't risk more than 0.5% of my equity in any open trade and I advise you not to risk more than 1% of your equity in your trade.

To stay long in this business, you must protect your capital with due diligence.

4 Likes 1 Share

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 11:34am On May 13, 2022

realone12:
Friday market hmmm!!

Friday market is still a big nemesis for a swing trader like me.
the way I fear market activities on Fridays ehh..
a Friday (d1)candle stick can usually wipe off 3 weeks of hard labour in the market.
imagine staying in the market for up to 3 weeks with some decent floating profit only to lose it all on Fridays..most of my big loses usually happens on Fridays.
Fridays are my Achilles (weakness) when it comes to trading the market.
its almost like Gamble.. the market can go either way rapidly and Massively.. and within 2 or less hours of market's madness, all your 3weeks floating profits is wiped off.
still plotting a means to trick my way around Fridays sha..

I can relate to what you're saying.

Mostly Fridays price retrace to close up for the week. The reason we traders should learn to pay ourselves for our efforts from our running trades in profits during the week.

But some Fridays are exception if there is a high impact news involve like NFP.

Fridays can be profitable if we trade with the flow of market.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 11:27am On May 13, 2022

Elonmusk1:
you never cease to amaze me.pls,pls,pls. can I get a paid course from you,I mean you don't have to teach me anything serious,I just need to ask you some questions.at the bolded,let's say Amateur.

I've never bought any paid course and I will never buy one.

I learned and self taught myself Forex mostly through free YouTube videos and I used to learn from telegram group where a guy volunteered to show about 25 of us the way but the group no longer exist due to Ill health of the owner of group. I literally stumbled on the telegram group then.

You can ask me questions if I have the answers I'll give it out to you.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 9:51pm On May 12, 2022

Elonmusk1:
you wowed me....

In this business nobody is a GOAT, champion, FXgod or all those nonsense accolades some fame seeking traders ascribe to themselves on social media. cheesy

We all have our struggles.

Just 2 days ago, I got stopped out with 152 pips loss trading oil.

How about that? embarassed

Just today I got stopped out with 39 pips loss trading gold and the painful thing is that it went later to my intended direction.

In fact, since January this year I've been really struggling with my trades yet I've been training someone forex passionately for free of course.

Interestingly he's catching up while I struggle with my trades. Although he's not aware cheesy

Don't be wowed at all. I'm a neophyte in this business, I may be good at putting down my trade ideas but it doesn't make me an expert.

Trust me anytime my trade idea hit the rocks I'll share here as well. I'm still working on my consistency in profits.

I will be open and honest with my trades here at all times.

I'm here to learn and contribute my tiny bits and I hope I'll benefit from both ways.

I know I'm in the right place.

Be good.

8 Likes 3 Shares

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 6:12pm On May 12, 2022

charly20:
But honestly with you posting these, i could learn to become a daytrader myself given the demand to be flexible as I prepare for prop firms.

WAGMI

If it suites you then you will definitely enjoy it.

But note that not everyday is a trading day.

Even the prop firms can attest to it that day traders succeed more with their challenges than swing traders. Probably due to the limit on drawdowns.

However this doesn't make day traders better than other type of traders.

I believe whatever suites one's personality is best to be adopted. Day trading fits my personality and I enjoy it as well.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 5:57pm On May 12, 2022*

charly20:
Excellent.
I saw the bullish reversal at the 50% fib mark of yesterday's candle but i prefer OTE. 50% exposes me to larger risk so I don't usually take them.

This will leave me with just my initial position from $96 and of course my SL at 10 pips profit too till $116. Maybe not today,maybe tomorrow but i shall exit in that liquidity pool.

I guess the week has been good

I understand your preference for OTE at least 62% which is ideal.

I know your a swing trader wont you consider taking some partials in profits as your your trade run in blues.

The last week liquidity might or might not be taken out this week but be on the lookout bro.

Do you see how price reacts to the orderblock at H1? It's the reaction from the orderblock to the downside that stopped me out.

Happy trading.

1 Like

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 4:14pm On May 12, 2022*

charly20:
So I was unable to get the other jpy pairs to comply save for cad and CHF--- 700+ from them both and running.

Oil is risk free so I no mind . If opportunity commot, I'll add.

EA looks good but it hasn't really run yet.

Yesterday's high has been taken already. I'm in the buy as at now and I've taken partials profits of 45 pips and moved the stop loss 10 pips above my entry already.

Why did I join the buy contrary to what I expected to do yesterday today? @charly20

The daily started with a drop as soon market opened 12am Nigeria time till after the PPI news release at 1:30pm.

I expected the yesterday's high to be swept first and then reversed but the market went for the manipulation all through the London morning session and into NY morning that is on now and reversed up to take out the high of yesterday which is very logical then to go fill up both the H1 &H4 FVG.

I took my partials profits of 45pips the moment the yesterday's high was taken.

I'm expecting it to run up to close up the H1 FVG completely and the H4 too. Then I'm out for the day.

And if it refuses to reach that logical target then I'll be stopped out at plus 10 pips profits locked already as I type this.

@charly20 The market should go to your target of last week high but it might not be today but be cautious of the last H4 FVG before the last week high if it's 100% filled.

I try to attach my chart here for you to see as you requested. It's from my mobile as I'm on the move now.

Update

Just taken another partials of 60 pips profits now.

Why take partials?

I'm a day trader and I'm taught by my mentor to always pay myself at every short time high/low and old high/low.

So I pay myself as I my trade runs in profits.

This has been helping against my fear of my trade turning against me.

Also I could see the orderblock at H1 has been touched and the price is reacting to it.

My stoploss still remains at plus 10pips above my entry.

At this point if the market turns against me I've got nothing to lose.

Trade safe always guys.

Latest update

I just got stopped out and done for today.

3 Likes

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 3:34pm On May 12, 2022

Jmarjr:
try sending u a PM, but just incase u can drop an alternate email n i will u a pm sir. Thanks for reaching out

I've replied via email. Check your email.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 9:49am On May 12, 2022

Jmarjr:
bro pls can i pm u sir? Need your help

Yes sir.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 2:12am On May 12, 2022

charly20:
. That was a mouthful,chief.

Somehow, i don't mind the news at all. I just trade according to my setup.

But I hope that before the week's close we will trade past last week's high.

I will close my swing at $116 then i will wait for the $120 manipulation before shorting.

Kudos to you too,chief.
Hopefully, I'll see what your chart looks like.

Hopefully for you, it will get to the last week high.

Personally, I expect price today, Thursday to take out yesterday Wednesday's high by sweeping above and retrace back down. If it did this then I sell ( note this is not a trade call o). cheesy

Who knows? I can be wrong.

But we will know when the market starts printing its price today.

Do you notice that the price rose up to the H4 CE of FVG like I said yesterday and shot above it a little spilling over 400 pips from the $100 deep discount? wink

I believe on the daily, price is offering a premium to sell again. But then again I might be wrong.

The daily TF bias is the real deal for me. Once the daily bias is not clear to me, I do nothing but watch to learn.

We will wait for it today to print again. wink

Remember, price patterns print every week with its bunch of manipulations either with the impact of news or not.

Let's watch, trade and learn.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 1:39am On May 12, 2022*

realone12:
well said bro

@realone12 Thank you.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 1:37am On May 12, 2022

Jameselias:
Richgen you're welcome

Thank you @Jameselias

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 9:55pm On May 11, 2022

Pristine664:
Deep. Well said.

Thank you @Pristine664

You see, the more we traders realise that all the markets are 100% rigged ( manipulated) the better for you and I to trade profitably in this business.

The markets print prices on a daily basis with their manipulations and these patterns repeat every week.

The bulk of the work on us is to track the footprints of price in any asset of your choice as an experienced hunter tracks the footprints of a deer or any other game in the forest.

This work is not an easy task to do and that's why we need to back test and study out charts diligently to see how price are printed in HTF and LTF and this requires years of rigorous and meticulous work.

Personally, it's so boring and tiring to do but this is where the goldmine is.

The more bored I get, the clearer I see how price prints especially when I watch it live without trading.

Anyone who refuses to do this will continue to struggle in this business.

We also need to watch as price prints in real time without trading at all. Especially when you're unsure what direction the market wants to go.

This alone will open your eyes to see things as they really appear.

Trading is a lifelong trade and ongoing education.

You stop learning you're rusty and burnt, you keep on learning you're greased for more money printing.

I'm far from being an expert here. In fact I'm a neophyte.

I'm a trader with very little experience in this business and I'm mainly here to continue learning from more experienced traders and hang around with the forex family, people of like minds.

I'm being sincere here.

I battle a lot with fear of losing my running profits which robs me a lot of time of profitable pips. Also fear of trades turning against me and not entering at the right time even if my setup is clear.

It's an honour to be here guys.

4 Likes 1 Share

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 7:37pm On May 11, 2022

charly20:
. That was a mouthful,chief.

Somehow, i don't mind the news at all. I just trade according to my setup.

But I hope that before the week's close we will trade past last week's high.

I will close my swing at $116 then i will wait for the $120 manipulation before shorting.

Kudos to you too,chief.
Hopefully, I'll see what your chart looks like.

My chart is purely plain, I mean naked. No trend lines and non of those stuffs you know.

I trade just pure price ( not candlesticks pattern) as it relates to time. Hence I trade only on London and NY session both morning and afternoon.

I no be chief o.

Thanks.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 5:57pm On May 11, 2022

charly20:
I have been on a swing for about two weeks. On this week's open, price dropped significantly (more than i expected even) and sought to close up a fair value price but i miscalculated my entry and stop loss for a second position.

$99 would have been fine discount price but i missed it. Maybe $100.

I don't swing trade. I'm a day trader and I close all my open trades before the day closes.

The $100 price was the precise discount today as the bias is bullish.

As the news release at 1:30pm was used to drive the price to the discount before going up with a push to the up side to get likely to the CE of H4 fvg.

The discount offered today was a deep one in order to flow with the bullish daily bias move.

You see, I shortchanged myself today by entering the market at the later end of the London morning session just to ride the bull run when I ought to have waited for the manipulation of the 1:30pm news and enter at around $100 or thereabout and confluencing with an orderblock at both 15 and 5 minutes TF that served as speed bump for the fall of price due to the impact CPI news release.

I only got 30 pips out of today when stopped out instead of at least 100 pips I envisaged. As at now it has gone more than 200 pips and still going up.

I could've reentered but then I was shuffling between my trade and the FTA competition today.

And more importantly I didn't want to chase the price.

Also I open only one position on BRENT and WTI each on a day I trade.

So I stuck to some of these my trading rules.

Oil is so good to trade IF ONLY you are in the right flow of the price of the day.

Kudos to you @charly20

Thank you.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 4:51pm On May 11, 2022

charly20:
I think letting yourself see all your options can help you let trades pass without frets.

Oil retraced almost 100% into discount and i sought to add an extra position yesterday. Got knocked out this morning.
Did it hurt? Yes . Will i fomo? Hell no!

I've got over a dozen pairs to pick from and if oil doesn't give me favourable entry,I'll let it run with only one position.

One thing is having several options and another is the ability to control your appetite for them.

We will be better, uncle sam

I trade oil and I will appreciate we educate each other on the market. Your word discount attracts me to your post.

I'm a naked chart trader.

Business › Re: Forex Trade Alerts: Season 22 by richgen(m): 4:20pm On May 11, 2022

@infofirst, I appreciate you and this priviledge granted me by you to partake in this FTA competition season 7 as a first timer.

You don't know what good you did for me.

God bless you real good and continuously.

I just got knocked out from this current competition with my lessons learned and noted to be applied in the next competition both FTA and personal as announced by you in your last post on the next stage future competition.

I endured lots of distractions from my daughter a lot as I traded on NY session. She is always around and hanging around daddy. cheesy

I appreciate other participants, the ones still in it and the ones already out. I enjoy the thrills of competing to be at the top and not being overtaken. Never done it before and I broke my trading rules a whole lot. grin

And whatever you do in trading please don't trade on the phone. Only monitor your trades on the phone.

I appreciate the whole of FTA generally.

Can't wait for the next competition both on FTA and personal.

God bless.

7 Likes 1 Share

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