₦airaland Forum

forexprophet: NO LONGER INTERESTED........I HAVE STARTED DOWNLOADING THE ONE I NEED.
Just type PDF wit d name of d one u need and GOOGLE IT to get it free of charge

Of corse some are free online, but you cant get them all that easily or for free.

iheanyiebeneze: I need hard copy.

Sorry Bro, only have them in soft copies.

naijababe: Some them look rather interesting, what's your mode of delivery?

Thanks for your interest. I deliver via email (4ziped files).

meshpips: Hi, nice collection you've got there. How will I get the books after payment? Hope I won't have to start downloading the softcopies one after the other? Meshach

Glad you like it, and no you wont have to download one at a time. I will send it via email in 4part zip files.

These are my current positions. I'll post the closed positions by the end of the week.
Some may end lower or higher or at a loss(hopefully not).

Hey guys, its been a while since I updated this thread, its been due to continuous reviewing of my strategy.
Henceforth I'll be trading swings. And post closed trades at the end of every week.
Its been quite a journey for me on this Forex ride.
Below is the results of my trades for last week.
The profits seen there are in 0.10 lot($1)

been LMHO! gosh! Loving this

[quote author=Mr_Nice_Guy]the mastercard you are using is connected to which account type and of which bank is it? i dont the referee this guys are requesting for, am not ahome....[/quote]I use stanbic mastercard, they are currently having problems with funding via debit card. Try another means,like webmoney.

Zither: Sammy, I shall try out a new strategy based on demand and supply and also incorporates my favorite reversal and divergence strategy. We differ in the sense that I am an intra-day trader. Till I come up with something to share have a great trading week.

Yea, U most welcome onbord bro.

zinosleek: I wld like to know how u place ur trade based on daily candle. Do u use d highest price as resistance and d lowest as support

I would be glad to show you. pls email me sammybrainy/@/gmail/.com

straneur: You sound like a pro lol So Federal open market committe, ISM, MSCI, PMI etc are not majors? Okay o. but understand that whatever tf you trade economy impact it all

I am a fundamental trader to the core so research whatever I tell you. All the best!

I'm no pro(yet),never said i'm one.
Its clearly you are a fundamental trader, and I'm technical. What works for you wont work for me. You trade based on news impact, I trade based on traders reaction.

Would start posting my results from tomorow.

Happy pipping week ahead

@mr_nice_guy
lol, @least u'v started now

straneur: FOMC
PPI
All Central Bank Speech
CPI
ISM
MCSI
PMI
Jobless Claims
Housing Stats
Current accounts etc.

But you don't need to know all but as time goes on you will be able to use and interpret all.

I trade the daily timeframe chart, these news hv less impact on one candle, (I look @ only only one candle for d whole day). I only use lesser timeframes to time my entry. Its d major economic news lik d ones listed above which have major impact on d economy dat mattrs to me.

1. Business sentiment surveys
2. Consumer confidence surveys
3. Gross Domestic Product (GDP)
4. Industrial production
5. Inflation (consumer price or producer
price)
6. Interest rate decision
7. Manufacturing sector surveys
8. Retail sales
9. Trade balance
10. Employment / Unemployment (Non-
Farm Payrolls)

These are d major news i look out for

straneur: That is the more reason you must follow the news day-trading is more suitable for technical traders but for me irrespective of your style of trading you need knowledge of both technical and fundamental analysis but few people succeed with one though.

On whatsapp yes but don't use it often, dump the phone in one corner

responding to economic news would surely distract me from my chart analysis.
Therefore i only look at the "few" major release and close the trade or set my sl at breakeven point,if there is a major reaction.
There are two types of traders Technical and Fundamental. I hv to be aware of d other but focus one.

@straneur
Well I dont daytrade,my trades could last for days,so i dont trade based on news release.
I mainly look at support and resistance lines on d daily and weekly chart.
Waiting for tonight to enter trades.
Will post it here

U on whatsapp?

Zither: Sammy, you said your strategy borders on supply and demand analysis. I have also seen potential in it since it is supply and demand that moves the market. The fact is that building a strategy around it using technical analysis seems to be a different matter entirely. Do u have a strategy based on it? I am still on demo and am a reversal and divergence trader. I am currently working on a strategy that rhymes with my personality. I shall be contributing my discoveries and results and also sharing what I have learnt...profits and losses.

Nice thread.

Sincerly I've been strugling with that strategy, reason why i haven't been posting much. The only strategy that has made me consistent profit is S&R on d daily timeframe. Made over 200pips last week,so i gues I should stick with it. rather than switch. I'm also on Demo tasting d strategy but would prefer testing it wit a small live account. U r free post ur results here as well.

Experienced it too, its all fake. They should just scrap it, if its not functioning.

[quote author=Mr_Nice_Guy]am off for now... i will be bck on in say 2months time...[/quote]Ok

[quote author=Mr_Nice_Guy]Oga Sammy... i need breakdown of how i should deposit my money in to my brokers account.. why nigerian bank mediated that and the processes involve? how did u do it? and possibly how to withdraw my money from a broker.. just incase you feel like mailing me, this is my email... arifmuhammed98@yahoo.com or dr.arifmuhd@gmail.com.. thanks bro...[/quote]I use my mastercard debit card to fund my account Xemarkets (xm.com).
Can Also withdraw into thesame debit card. But havn't tried withdrawing yet. There are other means,like "webmoney".

I saw ur mail, will reply soon.

Are you on whatsapp?

Current Swing Entries:
AUDUSD 0.90812 SHORT
USDCAD 0.05066 LONG
EURAUD 1.43287 LONG
USDJPY 100.087 LONG
EURJPY 130.105 LONG

No predefined takeprofit, would rely on my exit signal. Stoploss ranges between 80-100pips.

Its going to be long ride.

sammybrainy: Just entered another trade.
EURAUD Going long
Entry 1.43062
SL 1.42480
TP 1.44049
RR 1:2

Lets see how it goes.

Closed at break-even point + 3pips.
I'll still keep the profit status as -100pips.

Dont expect much action from this thread, due to my strategy on high timeframe(4H&Daily)
My breakout and swing strategies gives less signals.

wisemanj: i sow ur mail thanks in this last trade above u stil make a profit abee

Alright, u are welcome. That trade actually ended in a loss.

Just entered another trade.
EURAUD Going long
Entry 1.43062
SL 1.42480
TP 1.44049
RR 1:2

Lets see how it goes.

naira4ever: Sorry for that and hope you learned something from that.

Did you take the eur/usd sell last night on the daily tf? The pair closed bearish and totally engulfed previous day bar. It is in sell mode currently but the upcoming news from US data @ 1:15 & 1:30 today could be a catalyst to send the pair down to 1.2800 and below or higher on the other scenario.

No bro I didn't. I'll keep an eye on it. If I take the trade I'll post it here

[quote author=Mr_Nice_Guy]i made 227 pips on the eur/jpy pair on a short... now am going on a long this time my target is 50pips... lets go there..[/quote]Nice one, enjoy d southward ride. I'll most definatly get back in profit soon.

Stop Lose has been hit
100 pips loss.

Ok, my first trade went bad. Looking out for another signal.

Current profit -100

sammybrainy: Ok! finally my first trade

I bought EURJPY 130.576
Target 132.381
Stop loss 128.364
200pip target
R to R Ratio 1:1

This pair is not amongst the ones listed.
Its presently at a strong resistance level.
But it looks to break it.

Moving my SL to 129.530. This pair seem to be is very weak now.
R to R ratio is now 1:2

[quote author=Mr_Nice_Guy]i like your mentality... many newbies will be trading with very high demo account size, and forgeting to learn the basics of money management, nice lot size also... i dont know how long you"ve been trading but i believe to should stop aiming that too high considering the fact that most of the pairs are consolidating...and your take profits should be within the range of at most 2weeks price highs.. so i was told...[/quote]Yea, I'v been on it for a year now, made some money, cashed out, got shaky and blew up my account due to me switching strategies, stoped for a while. And now I'm back and better, but still learning though.

I guese my take profit is that high because of the timeframe and strategy i'm using, H4 and Daily. Money management is a must,theres an online calculator which i use for that.