₦airaland Forum

And that's how the next 15mins candle has given us about 60pips on gold. Levels are determinant factors of the market. It's really not that much stress if you ask me.

saxy4c:
Selling gold 1477, I dont see it going higher than 1480 again with this channel wedge, Risk reward is good from this point. Selah!

I use hotforex ECN account account with no swap on this one. Also use Dukascopy on another.

Joseankles:
which broker do you use?

Selling gold 1477, I dont see it going higher than 1480 again with this channel wedge, Risk reward is good from this point. Selah!

So I got a little let down sharing trades this morning as there were a lot of opportunities for short term trades. If you think I don't take my own trades because you made a few losses from my calls and forgot about the profits then maybe you should just ignore my calls and just allow me trade. These are my calls since Monday. I share in the wins and losses. Started trading this account with 5k in August, I hardly exceed 3% risk and especially at this period i take what I see, even if its 50pips.

EG hit hit 20 pips sl, I took 50 pips profit on the EN buy. I'm buying EN again 1.6965 sl 20pips BE after 100pips tp open.

saxy4c:
I'm buying EURGBP 8520 sl 8500 tp open
Buying eurnzd 6975 sl 6947 tp 7125

According to this plan, I'm selling gold at 1479 sl 1483 tp 1466 from where I might buy again according to price action.

saxy4c:
Gold has hit sl of 1471, buying at retest of broken resistance now support at 1468 to target 1480 and then 1500.

Also selling GJ final try this week at 141.45 sl 141.90 tp open.

So gold has hit my tp of 1480 with 120pips, recovered the loss of those 2 sell trades in gold earlier on. Looking to enter a sell soon again.
GJ is also running in 35 pips profit.

My humble advice is usually December market moves unexpected! Always use SL or Breakeven for trades. Avoid over trading and Also avoid big lots. The over trading bit is the part I might not follow personally because if I get free margin, i go use am

saxy4c:
Gold has hit sl of 1471, buying at retest of broken resistance now support at 1468 to target 1480 and then 1500.

Also selling GJ final try this week at 141.45 sl 141.90 tp open.

Running in about 30pips profit. Almost made the 3% risked on the trade. Manage the trade as you please.

saxy4c:
So I think I can harness the Asian session and Nzdjpy sell 71.00 sl 71.350 tp 70.000. Risking 3% for 10% on this one.

Buying cadjpy 81.55 sl 81.30 tp 82.70
Buying cadchf 7412 sl 7380 tp 7550
Nzdcad sell limit 8680/90 sl 8720 tp 8400

Setting these up for the Asian session incase I'm offline. Good opportunities for nice RR.

Gold has hit sl of 1471, buying at retest of broken resistance now support at 1468 to target 1480 and then 1500.

Also selling GJ final try this week at 141.45 sl 141.90 tp open.

saxy4c:
I would place stop at 1471 to avoid being stopped at round figures, and with all this news about war and massive drop in equities, looks like gold would turn bullish above 1470.

I'm buying EURGBP 8520 sl 8500 tp open
Buying eurnzd 6975 sl 6947 tp 7125

I hope EJ is going for it's own TP after UJ hit target. It is running in about 40pips profit now. Manage trade as you please.

saxy4c:
Not usually a monday trader, but I'm tempted not to pass up on prior anticipated levels



EURJPY SELL 120.80 SL 121.50 TP 119.20
Usdjpy sell 109.55 SL 109.72 TP 109.160

I would try to add charts to some of my trades so some newbies can pick up a thing or two on how to trade successfully by keeping it as simple as possible. The beauty of clean charts. And please if it seems I'm beginning to litter the thread, let the Mods kindly let me know, I dont like being banned!

Thanks sir.

jammer777:
Well done

I would place stop at 1471 to avoid being stopped at round figures, and with all this news about war and massive drop in equities, looks like gold would turn bullish above 1470.

saxy4c:
Adding to this gold sell here at 1466.5, same sl. Tp would be around 1458 for both.

GBPUSD Selling 1.2992 SL : 13022 TP : open
Also Gbpcad sell 1.7275 Sl 1.7380 Tp 1.7000
Sell Audcad 0.9107 SL 0.9150 TP 0.8965

I Would be posting a bit more of these low pips sl of between 20 to 30pips for at least 100pips tp. Hope this strategy helps those with small accounts.

Adding to this gold sell here at 1466.5, same sl. Tp would be around 1458 for both.

saxy4c:
Closing both gold trades at 1464, total 150pips. I didnt expect such a quick move. Maybe news or some other stuff I don't concern myself with. Selling gold now again at 1463 sl 1470 tp open.

Good morning, I won't say they are out for the retail traders, but they get easy money from individual traders who fall for their gimmicks.

jammer777:
Don't you think its kinda funny when you think the market makers are always out for the 10% funds of retail traders?

I still dont know how to do this magic of no sl, it's only bosses that do this. I am still loyal lol.

infofirst:
Smart eyes boss MI. . Hunhun.. Am following you in this... 70.86 I met.... Then 70.16 tp no sl.

Now this is how the forex market works in simple terms. There are retail traders and then institutional traders. Retail traders, often referred to as individual traders, buy or sell securities for personal accounts.

Institutional traders buy and sell securities for accounts they manage for a group or institution. Pension funds, mutual fund families, insurance companies, and exchange-traded funds (ETFs) are common institutional traders.

These institutional traders are the ones I call the market makers because it is their funds that move the market. Retail traders like you and I that have to go through a broker make up only about 10% of the market and the worse part is that only about 1-3% of retail traders make actual profits in the long run. Did I make some sense?

jammer777:
Kindly shed more light on the makert maker concerns with weak accounts

Me wey done send you DM tey tey, you are doing awesome already man!

bojbest:
Yes Boss.

Love your calls and will like to learn from you. Can I snd a dm?

I think you meant only active trade is USDCAD, I'm also in that trade.

bojbest:
The moves today made me fearful.
Closed my EU buy Uchf sell positions.

Only active trade, usdchf short. Sl at 1.33100

CadJpy later dropped.
Positions I’m looking to enter:
Audusd and more short on usdcad if I’m on the right side.

So I think I can harness the Asian session and Nzdjpy sell 71.00 sl 71.350 tp 70.000. Risking 3% for 10% on this one.

My brother I am here for the likes of you, even if Trump hires me, they would need to add the clause that I can still share trades on here. Now in summary, the safest way to trade is to always allow for a retest before entry, that's a very strong filter because a lot of times market makers wipe out weak accounts with false breaks and then continue in the correct technical direction.
But that way you don't take as many trades as you ought to but at least you take more winning trades. So its basically an intuition thing. Like today I made a bit more than i expected to so i would not have waited to retest before i joined the trade. Hope I'm clear a bit at least. I really am not the best in making highly comprehensive statements but I learn daily.

MrUnder:
When do you choose to wait for retest or not to wait for retest?

@infofirst I have read your post 3 times over and you truly sounded like a big brother speaking to his kiddo. I respect you more and more for gestures like these everytime. I am available for any opportunities you might have sir but please if you're going to be offering me anything less that $1.6bn to manage, in the words of my grandpa "thanks but no thanks". Na joke I dey joke abeg.

Pride did me one hell of shege even after I had traded for like 6 years on 2013, it will never happen again by God's grace. But I will not be bullied in my effort to keep others from falling in the same pits I fell in that made me almost give up on trading because of the likes of a few I still see rearing their crooked heads here. Thanks again Sir, may your steps be favorably ordered as you've selflessly guided absolute total strangers.

Forgive any typo errors and please dont report me to the mods. I just read a rule that you could be banned for bad grammatical construction.

infofirst:
And most importantly, @saxy4c @bojbest do not be arrogant, proud nor forget your mission in this business. Never forget money and risk mgt.
If you maintain your calm, you will be surprised at what you will have become in 13 years to come in this business. The opportunitties are limitless. Trust me, if you keep up this way, in 13years to come, you will not be running after any body for months to invest #200, 000 with you.

@bojbest trades hitting sl means nothing. It's part of the business. When you are good you are good. And for sure, we keep learning everyday

Usdjpy tp hit with 50pips. @meshpips since you started quoting me for no reason, I promise you I'd round up this profit to 500usd and beg oga @infofirst to make it up to his initial N200k offer as long as you can sign not to take more than 3% risk on any trade and a maximum of 3 concurrent trades running at any time. If you lose 25% of the account at anytime, the deal will be off. But please take permission from your new employer first though, I do not want to hear you suddenly got a huge drawdown because your boss discovered your clandestine activities.

I believe we all love our daddy meshpips, you just have to acknowledge you need help before it's too late. I place order for my almost depleting feed stock tomorrow morning by God's grace. My offer lasts for the next 6 hours sir. And ask people who've transacted with me how I take my promises.

saxy4c:
Not usually a monday trader, but I'm tempted not to pass up on prior anticipated levels



EURJPY SELL 120.80 SL 121.50 TP 119.20
Usdjpy sell 109.55 SL 109.72 TP 109.160

I would try to add charts to some of my trades so some newbies can pick up a thing or two on how to trade successfully by keeping it as simple as possible. The beauty of clean charts. And please if it seems I'm beginning to litter the thread, let the Mods kindly let me know, I dont like being banned!

Master of ages ago, I didn't mention you in any of my discussions but I'm glad I'm not dwelling in glories of the past and trying to make some change here and now. It would really help you if you can leave the pride of those times and attain the knowledge/profits of the present.

Do you know GBPJPY was 5000 pips higher 5 seasons ago? If you had used VAP properly then, it would have made you mad rich by today's prices, but I guess showing us images of 50pips gain is good enough to arouse your nauseating ego's account balance.

Your bible you frequently quote, says "old things are passed away, behold all things have become new". I do not need the likes of you, that probably has been fired from your "head trainer role" of last week, because I wonder why you are back here or the other guy that is presently "trading the billion dollar accounts in China".

Let me run now and join some other kids to play while you wallow in your misery. Adios papa!

meshpips:
Go back like 5 seasons back and see where I posted trade recommendations before the fact with result afterwards, everyday for one full month.

You are a kid, go ask the elders around for those that have done stuff on this thread.

A little bit of history will give you a far better orientation.

Run off kiddo!!!

Can you please explain to me how much more one can be careful with a trade already taken with stops set? Anyways the trade is presently in about 20pips profit, would move stops if it proceeds further down and check how price behaves much later. I will further cease to post any trade recommendations based on my new appointment with my big boss/lover. But that situation is only for this evening though. Let's all share and make these brokers a laughing stock. Enough is enough. You can make a comfortable living through trading.

djwalata:
U r free to sell based on ur strategy but b careful with it.

My brother please leave conspiracy theorists and those that are masters of numbers interpolation to drown in oblivion. They are only good with posting results after the fact and sit in wait for whosoever catches the bait of their trap. Keep up the good work of sharing your charts to educate us before and after the trades. I would have added to my EU trade as stated after the break but decided to hold brakes on trading for the day. A retest of around 1.1050 - 60 area won't be bad for a reentry. Selah!

djwalata:
I'm not afraid of posting my open positions with charts here.
I'm not ashamed even if it goes -ve once I make sure I'd fulfilled all my laid down principles b4 I enter any trade.

EurUSD has hit tp of 50 pips. I had better stop posting the rest of my trades today before I lose it all back to the market
Hope at least 1 person followed and made something, close to my percentage target for the day. Have a great evening good people.

saxy4c:
Maybe I should really avoid posting trades too , my trade went straight to my 50pips sl and has bounced back now again. Tough luck!

Buying EURUSD 1.1012 TP 1.1062 SL 1.0962

Closing both gold trades at 1464, total 150pips. I didnt expect such a quick move. Maybe news or some other stuff I don't concern myself with. Selling gold now again at 1463 sl 1470 tp open.

saxy4c:
Gold and EJ making my monday not so bad after all. First and second entries in good profits, would close all trades when I can achieve 12% cumulative profit or 6% loss by the end of today. I really really do not like to trade on mondays fa!

I've said this many times in my years of forex enlightenment. Trading is all about controlling your emotions and having the right psychological training. Those are the critical factors that do not exist in demo trading. That's why it still amazes me when people post results of what they earned in a demo account.

My advice is learn the basics of forex on a demo account like how to open and close trades, how to set market and pending orders, how to close trades partially, how to draw trendlines, etc. After that dump the demo account in the abyss, open a cent account of even $20 or something that would pain you small if you lose it.

Ensure you treat that amount like you want to make $1000 from it in a couple of months or years. And see how good a trader you become. Good luck!

TheYoda:
Caution !!!

People trading demo account, have very little success and they think oh, I finally got it, I can manage people's money, I can trade successfully now.

Guys be very careful. Forex is very tricky business. I'm ashamed to even mention how long, years, I have been trading off / on, not until recently, around last year before things start to look okay, I think I stop the bleeding and use that as launch pad.

DO NOT TRADE WITH AMOUNT YOU CAN'T afford to lose.
Do not sell your property to trade.
Do not borrow money to trade.

I was fortunate I never borrowed money to trade, but I've blew a lot of account, mine and friend's.
A lot of people are in serious debt because they went to borrow, the more they try, the more they dig bigger hole to climb out from.

If you must trade for someone, let them know the risk involve, that way you don't put yourself in debt.

Good luck.

Beautiful! even if your trade is against mine on EJ lol

PipMarshall:
EURJPY at BE.

With all due respect to VAP.. I am tempted to call myself a leading indicator at this moment.