₦airaland Forum

Oya ooo..All those making 2000 pips a week and those asking for emails make una send statement and recieve millions of naira to trade

Not dropped alerts in a while so here goes.

Sold EA 4956. EN 6560 . EJ 13672.

All 100 pips TP and SL so adjust your position size accordingly. The three should not take more than 6% of your account please o.

Out till 7pm.

mrikay:
Masters Shevychen and Capitals... Beware! You have got a disciple. Me!

Capitals:
bro, we are all learning and one thing I have learnt is virtually everything bows to persistence

In addition, mrikay.. You may not find this method appealing because of the level of discipline required to watch all those moves happening away from your level and you are not doing anything. For instance EJ and EN have smashed that level I was watching..And no signs of slowing down so far. Some have made 100s of pips today already so consider carefully

Capitals:
you seen any of Sam's pieces?, just wondering. . .

Seiden? yep but found his methods a bit uncomfortable.

^^ All the best bro.

jendy36:
Boss, ej and EA buy or sell.?
From my system here, ej above 136, might be good for buy, but on EA, that dark cloud cover might signal its facing south soonest.
My 2cents though.
Nothing is guaranteed!

I never buy from above bro.. Will watch momentum when price heads into those areas and stay out till I see weakness and sell.

raycolz84:
Some of us don't just learn

Lol.. We eventually learn the costly way.

@Joel.. 5% risk per trade looks great but will you be able to withstand the blood rush that will happen when you lose 3-4 straight trades? If you take multiple trades it becomes possible to lose a massive 25-30% of your account in one bad day.

Again.. Doubling lot size in the middle of the month is risky. It can mess up the metrics of the system for the month especially when you consider that your green patch came when GJ trended heavily.

Not asking you to change anything o as I can see through the sound of your comments.

Just putting my opinion out here.

EJ ran away without me.. No probs. Waiting for it just above 136.. Waiting for EA above 49. Market looks quiet so I doubt we will see those levels today sha.

Capitals:
Sorry to take you back bro, This is what I was trying to point out the other day. But do you keep stock of your trades after exiting to see what the average maximum potential of each trade could have been. Not like its my business anyway nor am I trying to tell how you run your portfolio, but your call above is yet to hit sl and has doubled its tp.

Honestly from the trades you have called I feel we run a very similar strategy, but you do that as a day trader and getting results, thats why I m interested

Well done boss.. You are right we are looking at the same zones.. I don't know the timeframe you are watching for your own zones or your trigger, risk, exit etc. but the 1 hr you displayed looks as if you were looking at my computer

Regarding your question, yes I take notes that's why I changed to exiting at 100 pips months ago. 60% of the time price reverses several times back into my zone after moving 100+ pips. On very rare occasions it will head all the way straight to the opposite zone at 200-300+ pips. (It happened just 3 times last month). I just take new trades with each movement back there and it adds up pretty nicely especially when you are doing it on 5 pairs.

I have displayed where I re-entered trades on EN since then. The red one gave just 20 pips. The other two moved to full TP. That's 320 pips if you add that first one. I will have to tie down capital if I was holding the trade to wait for 300 pips straight and probably use stop loss much larger than 100 pips.

I love the way you are trying to make me see reasons to start holding.. Maybe if I know the timeframe you watch for your zones I can demo it for a few months. Thanks.

currentprice:
let continue the eating and clean mouth little by little

my trade on EA and EU closed this morning,,,,,, what left for me in the market is my usd.cad

EA, GA according to my chart calling for buy, buy, buy,,,,,,, i want to believe the current falling was due to fundamental "the early morning positive data from AUD" good trade is to stand out for the fundamental to fade out probably till today market close.,,,,price candle at the next market opening would give more clue. for me it a BUY.

EU yet to go bearish on my chart,,,, GU currently below support but my chart say don't sell wait for it to climb the support back up to look for the rejection to BUY,,,, EJOMA "EJ"is a BUY

YOU ARE THE CEO OF YOUR TRADING ACCT. MANAGE IT WELL

Respect bro.. On point analysis. Was waiting for GA to move a bit below 5000 to buy.. Didn't work. Was waiting for EJ under 133.50 to buy. E no come early enough. Hopefully it will be around there tomorrow morning. I have copied that your quote to my journal since. Well done sir.

divinepips:
Oga u get mouthoooo

It is not mouth bro.. I don tey small for this thing. It is easy to know new overzealous traders, just as it is easy to see through good traders like the above chairman.

currentprice:
when you need comic relief,,,,, go no far.... this thread would serve you better

https://www.nairaland.com/2161001/breaking-1000-pips-forex-traders

Lol... I have intentionally ignored that man. Anybody wey still dey take am serious after all this while is on his own.

jorel1:
different folks see the market in different ways and from different perspective, while some are busy crying the market offered nothing today, while others made money.
for example #GBPAUD offered double opportunities today (230 pips sell) even another is about happening right now.

Always easy to know overzealous newbies. So because I said I didn't get a signal based on MY SYSTEM it means I am crying? Enjoy yourself.

Well if crying means I will make 800+ pips net every week before Thursday so be it.

rozayx5:
i get 3 signals max a month and still make 10%and above

its not number of signals. but how much you end up with. surprised seeing people shouting 1000 pips weekly since last year but are still trading 100$ and demo.

number of trading opportunities does not neccesarily translate to profit

thats y scalpers burn out quickly

1000 pips in a week is possible sir.. Problem arises when you expect every week to be like that or talk as if na your papa get the market when boasting of targets.

What a boring day.. Not even one pair went into my "eyeing zone".. Already a great week but let's see how tomorrow will be.

raycolz84:
The problem is not the system
But the money management
Do u know the meaning of 90 percent of an account just in 20 days ?

I somehow stumbled on one of ziggs thread jus yesterday, no doubt ziggs is a very good trader but I noticed that an account he opened with 2300 dollars on june 16, was about 4000 plus just by the beginning of last week, in order words, he doubled the account in 2 weeks
Many peole wud envy such, but they forget that forex is a two edged sword
I can't really tell what has happened but I noticed he stop posting here and also on his thread which he normally updates everyday with screeshots of his equity

Bottomline... Let's master MONEY MANAGEMENT

Preach brother.

I wanted to call him to it but wasn't sure how it would be taken. He had target of making 5% per day.. Already putting himself under excess pressure. He was also using high lots for that small account even when he said he intentionally reduced leverage to 1:100 or so. Person wey go learn go learn sha.

docus:
sorry bro. this means ur system is not yet ripe to take on the market. So go back an re-design ur system an come back stronger.

In my struggle, i lost 2 trading capitals b4 i went back to re-design my system. now am smiling cuz i often withdraw from my trading account

It is not just about the system. Risk management is an issue for most traders and that is because of small trading capital coupled with need to make money. Any average system that can net you 50% of your account monthly can turn a $400 account to high value 5 figures balance after 12 months of trading and compounding. That is achievable with a system that has at least 70% accuracy. If you don't know the accuracy rate of your system and projected reward per month, your live trading is standing on shaky ground.

The problem is how many people are willing to make sure only 2% of their account is exposed per trade on that small account? Most of us came into forex with the aim of becoming full time traders in a few months and withdrawing thousands of dollars monthly using an account less than $500!

That is where the problem lies.

A solution is to trade your small account with little risk (2% per trade should be maximum if you often have more than one trade open) until you have enough money in the account to make 25-50% returns a month and still be financially Ok. A $10,000 account making 25% a month is $2500. How many people do they pay that amount in this country?

Even a $5,000 account will make over $1,000 so why can't people stay focused and slowly build their account?

The average civil servant earns 100k a month. Get a job while slowly building your account to be making 3 times that amount with just 20% return a month and you can start considering going full time! Forex is a marathon not a sprint!

naijababe:
Missed out on it as I was not at my screen at London open. Are you doing daily targets?

Yes ma. Minimum 2% per day. Of course some days end with two times that target or more to even out the days when I end at BE or a loss.

adeyinkabasir:
I think this is the Beginning of EA south Journey oooo

It needs to fall over 400 pips before you can actually see it as a south journey. Still well within the uptrend. Doesn't mean you can't sell as I already took 100 pips from shorting it from 4913.

naijababe:
Na risky buy, I do that sometimes when price has moved by 200 pips before London open. The place to be now is GA sell which has just started unlike GN & GJ

Depend on your target and stop, GA may be late already. Sold it at 890 and out already.

The PA topic yet again.. It can mean anything to anyone and can be applied in dozens of ways.

No particular style of trading is the best. As long as your account grows by a minimum 20% per month while using REASONABLE RISK, keep doing what you are doing because you are better than thousands of traders.

Welcome back oga Rozayx5

harizonal123:
www.nairaland.com/2434811/cbn-restricts-use-naira-denominated

pls FTA people which e-currency is the best to use in online transactions? Your advice is highly needed

You cannot use the card abroad but you can use it online within the $300 limit per day. Mind you, if you deposit with the card, only the initial capital will be refunded to the card. Profits will be withdrawn through bankwire. At least that's how it is for most brokers.

mrikay:
Sir, I need some serious flogging because I actually missed this due to a combination of factors.... But I hope this won't make you ignore me when next I request your assistance.

Not at all bro.. We are here to exchange knowledge and chip in where ever we can.

mrikay hope you got in on the GJ buy finally? You must have got something tangible from it now..

fxbomovi:
also bught ej. am selling now

what do u think

From my own system I will wait for more pullback to around 136.50 or higher on the hourly before selling. May not return there of course.

AK284:
I am very sorry Boss for the interuption, i take that comment back

I am very sorry for flipping too.. I just don't like comments that sound like chest beatings in forex where there are millions of ways to look at the market and grow your account. This is why some of the comments from over the weekend are just pathetic and signs of people that haven't learnt anything from their days of struggle.

I have closed 200 pips today from EJ and GA. GJ at +40 and risk free. All counter trend trades.

Let's learn to respect the uncertainty of this market.

AK284:
Buy ke? in my own analysis d opposite is correct
main trend is down target price is 189.600@least

How do you know for sure the opposite is correct? Wonder when some of you will learn how to talk like actual traders. Somebody asked for my opinion I gave it.. Give your own and don't be a condescending dolt.

Trend is down yes.. I am 66 pips up on my buy and at BE. If the lad got in at the exact time I posted he would be 40 pips up.

mrikay:
BOSS check this out please... ) Gbp/Jpy Buy

You can buy now with stop loss at today's low.

"you are the ceo of your trading acct. manage it well" according to currentprice.

mrikay:
can anyone help me analyse a signal? Sell EUR aud.

Too late to sell if you ask me. Those that sold did so around 4770 and moved to BE already. You can still consider but chances of it turning out positive is lower.

GA same thing but it has already hit TP for me. If you are selling these pairs know it is counter trend and act accordingly.

Not seen the thread move so much over the weekend in a long while.. Reading the posts and just shaking my head. Its well sha..

endfx1:
I'm watching you closely boss.....beginning to fancy your pattern of trading too..lolz when you see a good trader you will know

Well done my chairman.. I am learning from you great traders as well. We will get there.

Anyone that entered that EN at the point I said would at least have moved to BE. I didn't take it forcing myself to stay disciplined and stick to my plans.

pippimp:
Heck no. I crashed and burned with that project. subscribed accounts expectations were too high and I was trying to meet up which put pressure on me. learnt my lesson though. No more managed accounts......ever. Now I trade for me. I did find the holy grail though. Finally.

p.s. No let mama Akpons no say I get another wife ooooo.

Wisdom

naijababe:


I would not be selling GA anytime soon, it is mad bullish right now.

+1. Not trading today as I wasn't expecting this type of volatility due to US hols.

If I was to trade, only pair worth selling now is EN at current levels.

JAkpayen:
I still have it in my archive

Do you still remember this pix...........BACK IN TIME: Odiaero show-off of "$890K" & "$720K" balance

Hahahaha.. I remember this period. We were all deceived then without knowing Oga was trading Japanese yen account and passing it off as dollars.

Another reason why nobody should do anything based on screenshots alone.

Out of that trade with 85 pips..Another decent week goes by.

Anyone thinking of holding trades over the weekend should be careful of Greece referendum o