TheYoda's Posts
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GN 4hr chart is looking interesting and setting up for some good trade for tomorrow, most likely, unless the bullish over run it. I'm looking for a bearish 4hr bold candle, to signify sellers coming in. My take is today will close bullish, and tomorrow will set up for sell, first don't be hero, wait for the 4hr candle to signify sellers coming in. For comparison, similar set up happened on GU just today. GN is just running a day late. For GU, price at critical point, rejection forming on trend line on 1h/4h , need to see seller or buyer over power the other to decide what direction. |
TheYoda:The GU is in serious battle, no free ride at all there, at least for now.
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Gbpusd
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TheYoda:When price hit those places , wait for price action bar to signify rejection (Daily / 4hr pin bar for example) Drill down after for tight SL entry.
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Let me see what set up is brewing for this coming week. |
TheYoda:Forecasted . TheYoda:You could have use this drill down method to find good entry, with good RR trade. Don't be afraid to loss 1 or 2 trades with tiny stop loss before hitting the 1 to 6/12 RR trade.
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Iceathome:Best place to take the pictures is the boxers on the floor? hmmm do better next time , abi you no get bed. Open thread for your stuff. |
For Educational Purposes. Drilling down from HTF to STF for entry with tight stop loss Start off with weekly bar , you’re looking for strong BULLISH or BEARISH BAR “ marubozu candle ” Weekly : Strong candle —> Draw your Fib 4hr rejection candle / price action candle —> Draw your Fib 5mins price action , pin point entry —> enter trade.
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Your weekend assignment / home work |
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Intra-day NY open soon , looking for hint, where they will pump the money. Safe to say, no buying $$ for now.
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Interesting week coming ahead on AUD pairs. AudChf, AudJpy and AudSgd leading the pack. Waiting for the weekly candle to close bearish on those. Expecting some good sell off. First we wait to see how the weekly candle close this week. CadJpy & CadChf another very interesting pairs. EurJpy weekly candle looks good bearish so far. Next week 23-50% fib retracement and price action leading the way for sell.
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TheYoda: TheYoda:Correction is due
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TheYoda:London open and a sustain and consistent attack on those pairs. Rubber band effect (the snap will come soon). |
Weak vs Strong .
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unclenna:Rubbish talk , you post screenshot in profit just to show your little EGO. How is it bashing when I'm only stating the fact, not his first time to try to sell system on this forex thread. I don't have problem with selling or getting paid but at least , NO DEY DO LIKE SAY NA FOOL full this place , you post after fact chart, maybe like 3-5 chart and next thing you want to sell system. At least show say you dey sell something little more concrete. You too, you run enter thread post screenshot, dey feel like rambo with your little fragile ego. ![]() |
I'm very happy to see post here with people supporting each other, I see a lot of people here don even OVER-WISE self. I know Steveblue is old member, he is always selling one system or the other which shows he is not gotten it yet and moving from one system to another. Nobody will get something close to holy grail and say he wan sell am, why not use it to make money directly from the market ? No bashing bros Steve, just stating facts. Beside anybody that needs that automatic trendline drawn on the chart, download the free Tom demark indicator. Be warn, it's no holy grail or close to it.
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scopusng:Blackeurop reborn ![]() How much are you selling it? as you are here since 2013, you should be trading in 100 lots already no? ![]() pun intended. |
KansiTower:Cracking me up , with the dog pic too ![]() blackman007:Burst out laughing when I read this ![]() |
Neroiam:The thing is , we have seen a lot of people like you come and go here , just mouth. You prolly think everybody here doesn't know shit about fx. Show your performance , some trade calls or what have you. 1,2,3 comes excuses why this is not possible to post performance or calls. ![]() hidhrhis:I'm scared of you oh, you sound like cultist. Remind me not to find your trouble. |
Be safe bro, nothing but love from here. |
saxy4c:Only 1 way out for you, if you consider to continue to trade like this, you need to set up 2 account, 1 is TRADING account , the other one is CAPITAL account. So the amount in your trading account would be only amount that you are risking, the money in your capital account is preserved. The aim is that you are trading with much more risk with the trading account, when you double / tripple it, withdraw and put the money into capital account, then start all over again with the trading account, aiming to double it and withdraw again. So by the time you run out of luck, it's only the money in your trading account you will crash, you will still have your reserve in the capital account, to fund the trading account again. If you don't do it this way, I don't see how you don't crash this account within 2-3 months max, except you adjust your risk because what you are working with right now is nothing but suicide. I know this because I've crashed an account close to this way of trading. Account of 4000$ and you have a floating loss of 50% "in just 1-2 days" of it, it's a disaster waiting to happen. Best of luck buddie. Positive criticism
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meshpips:Yes he deleted it. saxy4c:Saxy, it's all about helping each other here for me, not looking for downfall or what have you. I could critic but in a positive way. So don't see this as me wishing you bad. How you was trading is outrageous and no matter how much luck you have, you are going to hit the rock sooner than later. That's why myfxbook is very good, you see all the stat, NO FOOLING ANYBODY. Why did you delete the myfxbook? it would have kept you grounded and accountable to yourself. ( but I understand if you don't want that kind of pressure) First you are not using all this risk you talk about here, say 2% or 3% / trades. Just 1 day, you are down 31% of your account, and I can tell for sure, the drawdown went as far as 45-50% drawdown. No amount of luck will save you if you don't adjust that. You have to, if not, you will blow the account under 2 months, not wishing you bad, but telling you how it is, as I have traded close to this way before. |
saxy4c:I see that you are using quite different MM for your myfxbook account you attached. You are adding to losing trades, I call it rescue, be careful there, as it is two-edged sword. Usually easier to apply after 3-4 days trend in place. This trade might tie you down until Thursday or so. If you are lucky, this bull move today will collapse tomorrow
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Xclusiveme:Most of this IDIOTS commenting, didn't watch the video. Poor idiots with their 100 naira data can not even afford to watch the video but still comment rubbish. He said in the video 40M NAIRA . If you watch the video, he definitely seems sincere, he needs to hire good PR, can't be keeping quiet and allow people say shit and get away with it for so longggggg |
Goldhomes:Haaa , I don repent . By the way, Saxy have a working myfxbook link in his profile now, that's wonderful. People don't know ima good person hehehe, in real life, i no dey like trouble. Make man no go chop beatings from these young guns ![]() . |
Just checking in on everybody here. Hope you guys are all fine and dandy. I just want to say, I love this thread. The occasional drama is not bad, at least to me, but all in all, we are all ONE BIG FAMILY. Wishing everybody a great weekend. Happy Eid al-Fitr , Happy Celebration to our muslim brothers/sisters in advance. |
teemy:Teemy great job with the videos, you did put in alot of effort. Thanks. I'll encourage everybody to watch it, pro/newbie and all. We have to all encourage each other here. Paused my Siren Tv show, to watch few of 'em already. https://www.youtube.com/watch?v=0PBtoo4x3Ug&list=PL3fKm29WxlbCumo906RH0bXxt18OsriEK |
You can only get better at this game by one way, and one way only, and that is self-analysis. What am I doing well? What am I doing badly? What are my major weaknesses? And what are the specific steps I can take to become a better trader? These are the things that you constantly have to be asking yourself. Perseverance is all good, but you have to persevere in a way that is conducive to you improving as a trader, NOT just simply doing the same thing all the time, which is what so many people do. The same error can be repeated for ages without even realizing or visualizing it. |
Donvic4u:Teemy gave the correct answer. You can't hold any broker or even the trader/account manager . First, brokers don't have account managers to trade for you. If you see one, that is a scam broker. (there's some scam broker, that will create false / fake account history for you, to fool investors... mostly scam brokers, you will find them more with BINARY trading ) So Broker is broker, stand alone. Account managers register and offer the service to manage your account/your money, it's not brokers problem if account manager you go with blow/burn your account. 1) That's why you have to do you research to determine which account manager to put your money under. 2) That's why you are told every step of the way, to trade with money you can afford to lose. Not your children school fees , no go sell your papa /mama property to trade , NO go borrow money to trade. It will all end in tears if you do. |
TheYoda:Trade... Set your Alarm/alert accordingly.
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High Prob. Trade.
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