₦airaland Forum

That's a wrap for the day. Approx 8% on the day and 10% for week.its working.

Took quite a while to reach. And even had a nasty drawdown. But composure is at an all time high now. Cheers...

infofirst:
You are welcome. Loving your other thread. Thanks for helping people out. Sincerely it will do a struggling trader a lot of good if he or she can invest in a pamm account like yours. Atleast there will be something as returns at the end of 30days.And it can get better over time.

We shall all survive despite the difficulties in the country.

I wish I could bookmark this...

Okay can't help it anymore. But if there are people here who are really into support and resistance and still manually draw them on their charts I might have something for you. A support and resistance script to just draw everything for you once.

If 5 to 10 likes, then there are people; so I will share. Else no need of course. Cheers...

redsox11:
Some good pips. I'm not chasing nada , I wait for them to bring it to me, then I hit them hard.
Waiting for new set up but I'm not worried, I know they will bring it to me again .



I like confluences

They always bring it. It's what the market simply has to do lol.

Always à smooth and steady week for you. That's perfection

I have pm for you...

redsox11:
Like a boss, selling it down and buying it up. After you na you oh. Make you show us the way.

Mr Femi, take it easy, leave some for us. You're killing this market.

For the trend entry it helps to counter-trend and suffer enough in the hand of that kind of setup. Plus there were other pointers that created a kind of confluence.

The buy was just my regular counter trend setup. One of my battle lines ...

Its looking really good now. Thank God and thanks again for your fantastic shares...

Week back in some profit after a really strong trading day. There was every opportunity to earn lots more on the trades I just closed. But I just want to wait till tomorrow to bite again. Nice to be able to both trend and counter-trend EU today (sold in the morning and bought near current bottom. I still expect more upside but I am done already)...

Awesome Duru... What's happening man? Since he stopped chatting I think I saw him online at least once. Was he banned??

redsox11:
It’s not easy but if you put in the work, it will get easier and you will get to where you are going.
Enough here for the time.

Cheers.

And I got a pm for you boss...

Dang I left this to go rack up losses on EA yesterday . For the sake of learning outcomes...

redsox11:
Are you chasing price or waiting for price to come to you? Are you taking losses and keep entering hoping the price will turn around?
Remember you've got only 1 shot? and no chasing price around?

You know like drawing a battle line. I waited for price to cross the most extreme line. Then go to lower tf and look for wammies etc. It didnt work for this guy. The kind of trend you want to join instead . Mercifully AUDCAD did some great good overnight. Lessons learnt...

redsox11:
Possible ASIA buy trades on EN and EA , good for 40-80pips.
Perfect entry will be false sell and a bull candle for entry. Low risk trade.

Already had enough of EA for one day. Turning a profit week to red currently. Worse part was it totally captivated my attention as I tried to use PA at lower tfs for entry.

Lesson: I go back to set and forget entries with calculated sl and if necessary tp. Missed profits elsewhere and racked up losses fighting a really really powerful trend...

I didn't wait long enough nor entered very limited times; sorry . But which fundamentals happened to euro again today that was so bad??

obakovich:
M15
Spread depends on your broker
Mine is good

Thanks. Keep looting chairman. This is the correct way to trade ...

redsox11:
GbpJpy what to and what not to. Check other charts, if you see coiling like this, don't fall for it, they will be trapping both buyers and sellers.
Wait for the price to show it true direction before jumping in.

That's their own problem. My system eyes are on CAD instead...

I have pledged to use just one particular setup out of the many I am evaluating this week. It creates enough signals already. Will see how it goes...

obakovich:
Had i waited more cash after correlation. But the fear. $35 at 1 lot size is okay for me.

Hope H1 is not a snail here? Can't go under H1 because of spreads...

obakovich:
Always look for correlation

NEAT...

redsox11:
Why sir? you are trying to trade with too many tools (system/strategy) at the same time?

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Its not tools or strategies we want to amplify. It's the...
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redsox11:
Missed all the good action. Not fantastic week or terrible week.

You are the real boss of a truth. I enjoyed more than a fair share of the usd rally yesterday but it was still not a profit week (though a fantastic one of learning) . I get in and out of far too many trades impulsively and just spill money unnecessarily...

Also, maybe I am being too flexible, but as I trade my method I continue to try learn what the market does under different circumstances and improve, adapt or even reverse my play depending. Afterall I am not trying to boss market but utilize it...

There are also other areas in which I am looking to improve my approach. These things tend to cloud the mind at first. But eventually become clearer with more experience.

I don't think what I have is a system. More like a concept with many parts which I am still striving to put together in a solid and firm manner. Still a lot of work to do with exits no doubt. I must start to leave trades longer...

redsox11:
It's getting hot in here. You guys are intimidating us.
GladmanGoddey you're on fire this week. Killing it.



You better move on, how long ago this happened though?

You see, that's why I tell people here, don't let any guru take you away from here to some silly groups (Telegram , whatsapp or whatever), because you are close to getting scammed and nothing you can do about it.

If anyone asked you to invest money, ask for track record from third party, 3-6months record minimum. Then invest with only what you could afford to lose, don't go sell your house and other properties to invest in forex. INVEST WHAT YOU CAN AFFORD TO LOSE.

I second. And Femora the silent killer. I think I have some idea about this guy's personality. But I might be wrong, again.

Hope your week was solid boss? I was hoping to announce wild profits this week. But it is what it is ...

Truest:
Thank you for the reply. I understand bro


If only Ogboraph give me reply my tension would be this high. Such a wicked & heartless fellow.

Been begging him to refund me so I can start little & follow the suggestion of Shevychen2 & hopefully attract investors. am not looking to double my account weekly/monthly or increase lot size. one forex pair or two ok for me & candle reading on weekly is my pattern & then bite in pieces on lower time frame. Having that low drawdown not more than 5-10 % and also less red trades in account history is my top priority.

Very touching man. One of the things I have been trying to say here we seriously risk on many accounts. So that we should have a backup (or better co-running plan). I really wish I could help.

All I can say is you should probably stop blaming others your your situation and just get ahead with it. Many things you can just do to get starting capital and go from there. Continuing to blame others will not help you to forget unneeded baggage which will definitely hamper your progressive thinking. Just get ahead with your life and forget the past...

You just need to look inward and find your best and get on with that no matter what anyone says or thinks or does. You should not need others to act well before you survive sir...

GladmanGoddey:
3rd week of trading this demo acc. Had a good week, worked on my over trading, and it really helped thank you guys for your advice any comment would be highly appreciated

Nice work. Keep it up bro... I envy your week small ...

seyiade26:
Okay I think I have some idea the kind of BB settings to look like that! Old reply was a bit forward. It's EMA right??

Cheers...

Week has not been very rewarding mostly because of indiscipline again. With such a small account you are in a hurry to amplify things quickly. But will end up with opposite if not careful...

Okay. I think I was probably right before. Maybe it's like BB but not BB ...

redsox11:
Like-

Okay I think I have some idea the kind of BB settings to look like that! Old reply was a bit forward. It's EMA right??

Cheers...

Week has not been very rewarding mostly because of indiscipline again. With such a small account you are in a hurry to amplify things quickly. But will end up with opposite if not careful...

Tunderr:
I'm not, I don't know who that is. Is she a good trader?

The probability is even higher now. Cheers...

alphaNomega:
Don't forget to remove those pending orders.

LOL. Are you saying what I think?

Yes I am wondering too whether Tunderr is naijababe on FF. But I doubt...

Lol . Happy weekend everyone. Enjoy and recharge. Cheers..

AwesomeDuru:
Somebody on this thread said this to you? Where was I please? I would have gladly done him in for you. One gains nothing from enmity really

You have my number already na. Do the needful now or I will come give you headache on WhatsApp

You did probably worse to AK284 the other day and here you are . He made a very respectful and harmless suggestion and you just went rampant. You almost had a good point. But even then there is a way to put it...

redsox11:
Now that you identify some of your weakness , it's time to work on it.

My week was very very simple, I didn't chase any market at all. They all came to me, no anxiousness whatsoever. Missed some GBP because I was waiting for them to rise a little more before selling them. They fell before reaching my area to enter sell. I could care less, I'm not chasing nada .

Always on point my boss. More power...

Indeed yesterday I made enough profit by mid-asian session to close shop for the day (almost night-owling . But I regretted closing the trades before tp (previous bad reversals were hunting).

Woke up to find price went beyond most of my tps and regretted the lost potential profit. So what I did (since I just had to trade and no new setups were forming) was trade against my system (based on the premise I knew I was likely to lose if I tried entering in the same direction).

As you might expect it was just back and forth with no real gain or loss... I just have to chill...

infofirst:
^
Boss, GBP did meaningful drops. Try and pay more attention to the charts. That way you are able to know where to enter and exit.

Boss I think you are right. Maybe my comment was maybe impulsive. I entered gbpchf at the top Tuesday or Wednesday when it dropped massively but I totally missing out on the drop because I set breakeven too quickly when it was ranging after the first drop at the start of the day. The brief rally just took me out before the eventual big move down. Great inefficiency there.

Also today I was a part of the first big drop in the morning. By the end account was at around 20-30% increase for week and I did get out near the bottom before the rally again. After that I kept re-entering at meaningless points expecting the drop to resume quickly (terrible judgement entirely removed from my methods). That's where I screwed up not just today but many times this week. The 'gamble' itself that was one of the final trades today was GJ sell.

There were many other inefficiencies this week; like reversals at points where I knew price could reverse on me, but just hoped it would pass and reach my tp. Price ends up reversing there. Other times the exact opposite happens. I do use split trades but there are so many levels so this area can never be an exact science.

Bottom line is entry is not my problem, since I have done my homework there . I just need to improve discipline and trade management...

Finally my system finally started picking up gbp pairs en-mass around mid-week when most of the big dips had happened. I am continuously tweaking stuff because of the way I trade. Lines or parameters can be changed and the results can be slightly or very different.

I am still expecting, specifically GU, GJ and gbpchf to drop some real distance soon and was hoping to get in yesterday or today. As it is I may still get in today if...

So one complains about some shady action by my broker and the next thing is ban for a week. It is well.

Anyways I am not trading again this week as we had enough for 1 week. GBP refusing to go down meaningfully all week and coupled with much indiscipline and half-developed skill in entry and exit, I was staring another losing week in the face today.

Just had to enter gambling mode to get around 10pct for week (it was a lot more yesterday before the crazy GJ and GU losses today). It's not really gambling as it was justified trade. Just about twice the usual size. In all we thank God for the week. Learnt big lessons for future. The key thing to learn is to wait. Let the trade chase you and not the other way around. If you are not getting enough trades for your enthusiasm with a system then learn more systems to create more triggers.

Cheers...

infofirst:
Somebody trading indicator somewhere will be screaming over sold since and gbp refuses to stop selling. And some body somewhere will b saying those indicators can kill it for you.

What if you make your own indicators like I do??

This is not to brag; but maybe to find a bit of side work. Now that all the bosses in the house...