₦airaland Forum

jtmoneyjt: Wetin una dey tink of ben's speech tomoro,dey say usd don dey fly high already in expectn of d speech mayb we go c enuf fall 2moro 4 eu,gu and rest,make we c hw e go directnwise

E don tey when I dey watch news. I don leave news cos d more u anticipate news, d more d emotion and d more d headache. What I'm 100% sure is that any news that does not reflect in d price of d market is a fake news. So, I just watch d price of d market cos d price reflects d result of d news

Optimisticgondy: I be small pickin for forex o. Imagine me wey never I finish my reading at babypips, though I learn about forex from one seminar wey i attend for 2007. Thanks for your explanation Sir! I also want to ask if it would be good trading the eurusd and usdjpy only using the us dollar index since eur and jpy have the highest measurabilty against usd in the computation of the usd dollar index? And also, how do u know the immediate time a signal is formed?

I prefer trading Aud and Nzd, they are more liquid. Eur also goes sha. You know when d signal is formed cos you watch d match before the signal is formed. This is not Premiership or Naija league which u watch after it is formed. U wait and watch when d signals are still neutral or buy/sell, then immediately, u see it forming, u enter. That is my own observation from it. Experience is d best teacher. Those who say they lose with the signal, it is cos they did not wait for d signal 2 form. No be so? But u don chop money o. As 4 me, I don dey research another strategy. I just like researching sha.

Optimisticgondy: Thanks Oga RightLagos. I want to ask you the following three questions
1. Do u make use of the US Dollar Index or Currency Pairs Technical Analysis to trade?
2. From your experience with the strategy, what time of the day work for you best?
3. Do u consider the volatility of signals?

Abeg I dey await ur reply o.

Na u be d oga o!
1 I make use of d usd index because I dislike clicking on 2 many charts and 2 many things. From experience, it is cumbersome and distracting. Also, I know that d other currencies move against usd. If USD sneezes, they all go haywire. So, I can decide to trade eur usd, aud usd, nzd usd. Anyone. So, I increase d volume of my trade and reduce d quantity.

2 I trade anytime, except from 3:30 pm to midnight. From Early Asian period to 3:00 pm, any major news can be released which can move d market. Anyone who finds it boring gazing @ d market all d time can seek help from forexfactory news calendar. But all d sessions, there is always more than one trading signal.

3 I look at the volatility, but d thing I consider most is entering early immediately the signal is formed. I know when a trend is formed, d liquidity is high at the beginning. That is why I watch till it is formed before I enter. Entering @ d middle or end of a trend can be a collosal suicide. (from experience, as u know)

@ d questioner, u have to enter and exit early. For instance, usd was rising against others. Imdtly we placed d trade, it was positive. Now, if u are placing it, it will be negative, though the signals are still all strong buy for usd. Why will u lose? Cos the market moved very fast. So, usd don rise 100 miles. before he hear say dem call am make e come back, e don go far. So, he need to waka for long time before e go become neutral. That's why I said watch 1st when d thing is forming before u jump into the market. Understand?

Optimisticgondy: Yes o my brother. I don close shop before dey read forexfactory when i see this news: Negative Euro Headlines Are
Back Sending EURUSD And Its
Derivative, S&P500 To Day's
Lows. Na the news make me enter the market to place 3 fall bets on EU o. All bets won! 8-1

Nice 1 bros, I traded shorter duration: 15 minutes and also won

kenniojo: [/b][b][font=Lucida Sans Unicode][/font]

@rightlagos Thanks oga for your reply. What should b my ultimate target to check in the time frames you mentioned? Must their technical indicators and moving average details b the same? cos sometime STOCHRSI(14) will show overbought and summary , moving average and indicator will still tell you strong buy . Isnt that complicated?... Other gurus opinion will also appreciated.



ALL IS WELL!!!

THE SIGNAL IS SIMPLE. FOREXPROS HAS MADE IT SO EASY. WHAT U SEE IS ALL STRONG BUY OR ALL STRONG SELL. If na so we dey get am for our indicators, forex go dey easy. I trade when it has just formed all strong buy or all strong sell- d three: summary, moving averages and indicators. So, enter and exit early, imdtly it is just formed.

Optimisticgondy: When it shows Strong Buy or Strong Sell and others do not show SB or SS, you can still place your bet. For instance, if the summary is Strong, one of Indicators or MAs is Sell/Buy and the other is Strong Sell/Strong Buy, I still place the bet and win it.
I don't mind if it shows More or less volatility since I now trade 1 hour time frame. But the strategy works pretty well for me when Asian session overlaps London Session and also, when London session overlaps US session

I just dey gbadun u dey go, more blessing. I hope we are cashing in on d rise in usd right now?

Optimisticgondy: When it shows Strong Buy or Strong Sell and others do not show SB or SS, you can still place your bet. For instance, if the summary is Strong, one of Indicators or MAs is Sell/Buy and the other is Strong Sell/Strong Buy, I still place the bet and win it.
I don't mind if it shows More or less volatility since I now trade 1 hour time frame. But the strategy works pretty well for me when Asian session overlaps London Session and also, when London session overlaps US session

I just dey enjoy u dey go. More blessing

Abbey1045: I placed 7 bets on A/J and E/G 2day usin forexpros on a time frame of 15mins,30mins and 1hr.I won 5, lose 2. I note that with all my winning no returns on my account,I only being credited with what I bet .eg I placed 50usd on a bet won and credited with dsame amount placed on d bet.Am confused.

The E.G has confused d matter. We want u to tell us how much bet u placed, cos the situation is not possible. Do u know how pple wipe out their account? when u win 50 usd 5 times, u will now double ur volume to 100, and lose 3 times, then ur account is wiped out. Why not trade d same volume for the whole week before refining ur money mgt to like 5% of d current balance?

kenniojo: SUMMARY, MOVING AVERAGES and INDICATORS signals were the same wen i placed those bets

which time frames were u looking @? U have to watch up to 3 timeframes together like 5, 10, 15, 30 min. don't just jump in d mkt. wait to see it forming. ok? cos d time u jump might be d time it is reversing.

dukellan:

FAVOUR? who give am that name? Well, may be he wan favour u with plenty dollars ni o

[quote author=kenniojo]@rightlagos i salute your effort on forexpro.Abeg how u dey use this forexpro cos i lost all my bets yesterday despite putting volatility into consideration... What and what do i need to check again on the site? Or do u use another stuff to confirm the signal...Pls biiko help me cos betonmarket wan send me go back to my far village. Also all the guru and betonmarket witches in the house i salute uuu.. dukellan, Ay baba and other gurus pls help me oo. @rightlagos i DEY lagos around i ok. more blessing. losing is d rule of d game. we all have to lose severally before getting d game. d more we lose, d more our eyes get open to other solutions. I am making another research right now. I advise u read d past posts u will see all d olutions. As optimisticgomndy has also explained. As for d money issue, MONEY MGT is d most impotant part of d game. U may not risk above 5%. That isif u have had a consistent strategy. If u have not, I advise u don't trade above $2 payout. Anyway, how do u do d trading? Let me know ur side @ Ikeja. May be today or tomorrow. Also d guy @ Egbeda, I am likely to be @ Egbeda tomorrow for a meeting but I lost his numba. He can call me back.

my pple, i hope we are all capitalising on d usd fall. I trust OPTIMISTICGONDY. He go don chop money tire. He no dey sleep o

Optimisticgondy: I lost all these bets so I don't think I'll be going for long time frame. However I won 5 bets and lost 1 during US and London Sessions Overlap

yeah brother. before I settled for shorter timeframes, I tested d longer ones and realised that they lag. The 5h & D1 charts will still be asleep when u suppose to don chop ur money. I can remember a guy who came on d thread saying anyone who trades shorter time frame is gambling. I pity him. Little does he know that d market these days are unpredictable. 2day, u hear gud news about euro, tomorreow, bad news and d market reverses.

Optimisticgondy: morning bro..the market is slow in deed, but I have taken profits on my 3 bets on EU using forexpros EU 1 hour time frame during Asian and London Overlap..more greeeeeennns

i dey enjoy u chairman. ur post wil instil more confidence on members that those who are red can still come back green. More green

prince123: is anyone awake in the house

i was awake. i buy eur usd. then slept @ 5 :30

@ Ayo, Dukelllan, Israel, understood. @ all, somone called me yesterday & told me he used to get profitable alerts frequently on this thread, but in reent days he no dey get alert again. He asked me why? I realised that I contributed 2 d slow pace of alert & also diverting d house 2 some other discussions. May be that is why d thread is also moving slowly. I think we return 2 d alert o, abi?

@Dukellan,yepdvolume.That is d best indicator. with huge volume, u know u are moving wit d wave not against it. I think we need 2 get d best indicator 4 mesuring d volume of d market. This is how pros are distinguished from newbies. newbies enter and exit anytime by using indicators or other tools. But wise traders watch when others enter and exit d mkt. The wise way to trade is trading on traders' sentiment. @ Ayo, I don't think d volume on MT4 is reliable. It is deceitful & lacks direction.

Optimisticgondy: Good morning all. Hope we took advantage of the Asian and London Sessions Overlap. From my personal experience with the Forexpros signal, I discover we should not trade if the signal shows MORE VOLATILITY and also, if the SUMMARY, MOVING AVERAGES and INDICATORS signals are not the same

tnx my brother. d issue of volatility is a very important one. D week that I discovered d strategy, there was a friday that I placed 2 trades by strictly following d strategy but I lost. Then I tried 2 discover d reason 4 d loss. But @ 3 pm d same day, i placed 2 trades & within seconds, they were positive. This made me start 2 search 4 d reason. I later realised that it was d consumer confidence report that was released @ 3 pm that moved d mkt. But let me ask d house : HOW DO U MEASURE LIQUIDITY IN D MKT; HOW DO U KNOW IF D BIG BOYS HAVE ENTERED D MKT? so that u enter & exit d mkt ( like a driver gently following d convoy of d president during traffic)

prince123: my main man,,i greet you

Waoh! May God be with us

Gud morning my pple. I hope u saw d signal dis morning? Make we shaop d money o before e go o. USd dey rise o. I used only 15 minutes. If u were late, wait 4 d next BRT o!

Optimisticgondy: LLLLLLOOOOOOOLLLLLLLLLLLLLLL! We'll get there bro. My kudos to Rightlagos who introduced us to the forexpros strategy!

i thank u too for d follow up. After discovering d powerful tools in forex obn forexpros site, i av not had d chance to explore their site very well.

[quote author=O'steve]In every circumstance dt beyond ur control, aim high. May God b wit u broda![/quote]thanks broda. so how e dey go?

jtmoneyjt: My brodas una weldone make una help me deal with bom very well because til 2day i no fit say inside dem and lr who chop my money as nobody gree ansa me

i asked sb abt d case. he said may be u entered d website through a cloned website.

@ prince. I see. so due dilligence is important. Concerning d meeting, I think awareness first. It may not hold until we form a quota. I am thinking @ least 20 pple is ok. May be when we get signature from 100 pple, we may hold it. Or what do u see? I stay close to Ikeja.

deniQ: rightlagos, pls chk ur yahoo email box. i just sent u a mail.

ok

pls let's follow optimistic on d forexpros strategy. @ dukellan, how does d CMS go? @ all, i suggest meeting @ somewhere close to ikeja, d capital of lagoon. that is after we have formed a quota, cos low population will be boring. & after enough publicity. we need to get pple's numbas and email

it's like we are becoming unanimous on d forexpros strategy. i think we can luk for a way of standardising it by entering & exiting tohether & other stuff. We will all be watching it together but I think some1 needs to carry us along. Optimistic has discovered a better way to trade d stuff. what do u c to that, Dukellan, optimistic & Big boys in d house

cynthia: I am a jolly just come o! Pls put me tru, what's this bizness all about? A̶̲̥̅̊₪d̶̲̥̅̊ aw do I get started

u learn forex 1 on 1 first before trading bom. that is d basic.

I am foreseeing a scenario where we will be meeting offline. To cement d biz & social relationship & foster progress, I think we can be meeting offline periodically. 4 instance FOREX traders meetup, BETONMARKET traders meet up. st like that. cos I think nairaland has impacted a lot on biz and social relationship.

cynthia: I am a jolly just come o! Pls put me tru, what's this bizness all about? A̶̲̥̅̊₪d̶̲̥̅̊ aw do I get started

which CYNTHIA be this o!

deniQ: rightlagos, u re one of d gud men in dis house. u hav bin very open nd hlpful. may d gods neva deny u hlp n asstnc weneva u nid it.may d gods of pip continu 2 paint ur acc GREEEEEEEEEN. green, green, green all d way. say aye!

i am flattered. Thank u my Gud brother. as if u know say i dey for inside big problem now. Amen o. May d God answer our prayers and paint our account GREEN.