Toks2008's Posts
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 Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 7:31pm On Oct 01, 2012 |
Toks2008: 12828 is the next availale supp i see. WE can chill out at that level and see what happens next week. Toks2008: Hi Bollinger and quite an age.Random moves can be very very devastating for tradrs who just leave positions to run too long and even more tormenting if you trade the trend manually. Euro still crashing down but we just might see that happening on friday which may be occasioneed by the NFP. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 10:18am On Sep 29, 2012 |
lawson007: Today's afternoon happens to be the burial of my brother-in-law,I am in abia state now.I thought of a suitable distraction and started reading your posts and it helped take my mind off the pain.such a painful and sudden death that has turned my sister to a widow at sUch a tender age.bank job no be am.may his soul rest in peace.if the house does not mind,let's take a minute of silence or whatever in his hOnour.Why did you say Bank job no be am? |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 7:16pm On Sep 28, 2012 |
Bollinger: @TOKsCool. I am not a fan of small pips profit also but i have learnt that if i can make a steady avergae profit of 10/20pips a day excluding loses and making a total of 300pips constant profit monthly risking 5/10% of my equity with average stop loss of 70pips for intraday set ups, that will give a mouth watery profits at the end of the month which should be about 40% monthly profit while i still do my swing trading along the way. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 6:34pm On Sep 28, 2012 |
Bollinger: I disagree bros.Hi Bollinger and quite an age. Yes you have the right to disagree but believe me Bollinger, i am a swing trader and a very good one at that. Now i can tell you that euro is still crashing far down but lets assume you took a sell at 12972 and you have left your position for some days now not exiting but targeting supp 12752 which looks green to me, you would have been at the mercy of crazy moves watching your pips reduce when you ought to have taking advantage of teh random moves to make several number of pips. Now don't get me wrong, i am only saying it will be difficult to trade this manually because your emotions may not allow you watch pips retrace on you. But if you have a strong mihdset maybe you can weather the storm. But as i wrote, with good mm, you can trade any crazy spikes without fear. If you must trade long term then i suggest using large stop loss of 200pips/150pips standard and it must tally with not more than 5% of your equity so that at -150pips, you can still afford to sleep off peacefully. But asides this, you may have high BP trading long term. Hope you get my point. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 4:53pm On Sep 28, 2012 |
ncpat: longest time, mine will take profit till 1.2600012755 is the long term destination on euro but i advise you exit first at 12830. then lets see what sunday night holds. Long term trading is good but its best when you use intraday charts to trade it taking advantage of pullbacks. Leaving positions to run for too long is not advisable when trading manually as random moves will and must surely come in thereby watching profitable pips disappear before your very eyes. Fortunately i am very skilled in identifying strong supp/res levels and i simply use this as a leverage against random moves. So we may see a strong move down on euro but i will advice that traders exit their sell around supp 12828 and wait for another possible pullback. But if it breaks through then we can continue selling next week. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 3:45pm On Sep 28, 2012 |
Toks2008: i still see a move up to res 12950 which should be an excellent level to sell back so lets see if euro will get to 12950.12828 is the next availale supp i see. WE can chill out at that level and see what happens next week. Happy weekend to you all. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 7:10am On Sep 28, 2012 |
infofirst: Am looking at a pull back to 1289x then to 1295x/7x n boss, i was not surprise by the move cos i know that 200 sma is at 12827 n a bounch at such shd give no less than 100 pips.Sure. This euro may just spring up a crazy intraday bulish surprise by moving even higher to 12988. Just trade the bulls with care after a test of 12950 but nevertheless, the long term move is still down. Happy pipping |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 8:42pm On Sep 27, 2012 |
Toks2008: Despite the evolving down trend on the euro 4hr chart, we just might see a good intraday bullish correction today which should give us a good opportunity to sell back.Na wa for today's euro moves. I saw euro moving up to 12912 but i never saw the randomness can be so crazy. This is exactly why we need to use good mm all the time no matter how sure we are about a price direction. Euro is still blasting down on the long term move but only swing tradrs or trend traders can see what im seeing. Nevertheless, traders should take advantage of this crazy move by selling back at a more vantage position. Toks2008: Intraday traders willing to catch the bullish correction can buy with care to res levels 12912/12950 but i suggest you chill out at 12912 and wait to sell.i still see a move up to res 12950 which should be an excellent level to sell back so lets see if euro will get to 12950. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 9:27am On Sep 27, 2012 |
Toks2008: So watch out for another bullish rebounce at a retest of supp 12869 which should take euro even higher to 12912/950 so the choice is all yours. but if euro tests supp 12847 before bouncing up to 12912 then forget the bulls and go with the bearsThis is the point of decision for intraday bulls and bears. 12869 may take euro up to 12912 or higher if it holds but if euro decends further to test supp 12845 then sell euro with peace of mind to 12750. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 8:27am On Sep 27, 2012 |
surveyProf: Yeah you're on point bro, already selling!well, it depends on your trading personality. If you are a long term trader, you shoud not have any problem with euro possible intraday bullish surge which may take place today as i see a bullish bounce back at the retest of supp 12869. This is why i wrote"12873 should be a good point to buy back to res 1292 with sl at 12847. If stoped out then the bears can be said to have regained dominance" So watch out for another bullish rebounce at a retest of supp 12869 which should take euro even higher to 12912/950 so the choice is all yours. but if euro tests supp12847 before bouncing up to 12912 then forget the bulls and go with the bears trade with care. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 8:12am On Sep 27, 2012 |
Toks2008: Hello Traders,Despite the evolving down trend on the euro 4hr chart, we just might see a good intraday bullish correction today which should give us a good opportunity to sell back. Intraday traders willing to catch the bullish correction can buy with care to res levels 12912/12950 but i suggest you chill out at 12912 and wait to sell. The dynamism of price action is every trader's nightmare but if you understand trends in relation to specific time-frames, you will use this as a big leverage to trade the random moves profitably. 12873 should be a good point to buy back to res 1292 with sl at 12847. If stoped out then the bears can be said to have regained dominance Trade with care and use good mm. Happy pipping |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 7:08pm On Sep 26, 2012 |
olaolaking: These positions were taking yesterday and I am not ready to close any of them now until my system say so.This is the hardest part of fx trading. Sticking to your entry and exit rules. As long as you are disciplined to do this, i guess he sky is the limit. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 5:54pm On Sep 26, 2012 |
olaolaking: You are correct.Well, i must let you all know that there is always a two way approach to trading in a trendy market. 1.We have trend chasing: This is a very dangerous approach as you are always in haste to jump into a moving trend risking any sudden retacement. This approach is not ideal in any way. Any time you look at your chart and you see price movement taking place in any direction, dont jump in. First you ascertain the main trend as we always have retracement and main trend going on at any point in time. Then when you spot the main trend, you dont chase it by jumping in but wait to do the right thing which is 2.Buy or sell back: Now we know that euo is in a strong down trend but this does not mean you just sell except you really want to use large stop loss which in most cses is not advisable. So i advice that when you spot a particular trend, wait for a pullback which must always happen. Then buy back at a test of strong supp in an uptrend and sell back at a test of strong res in a downtrend. This is the principle on which i coded the intraday hacker EA but im still perfecting the method but nevetheless, i will be glad to allow any interested trader to have the log in details to see good points where we can sell euro back into the existing downtrend or buy back in an uptrend using 2 strong points. Remember, never chase a moving trend but wait for a pullback no matter how tempting the move may be,just wait because just when you decide to hop in, you might be surprised that pullback may just startt at that same point in time an you ae left at the mercy of watching price rerace on you. Hope this helps |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 5:37pm On Sep 26, 2012 |
nelsonmo: can i hav ur contact great deal ahead.nomoruyi@yahoo.comI have a skype room where i interact with several other traders from across the globe. So if you want to join me on skype for real time trade discussion then download skype, create an account and add Forex-refuge to your contact and i will gladly accept you. We can even talk on skype free call. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 4:00pm On Sep 26, 2012 |
Hello Traders, We should be careful at this point in time with euro/usd, euro/jpy. Gbp/usd and euro base pairs as well as gbp base pairs as we may be seeing a long move down. In view of this fact, we should expect deceptive bullish correction which may make a swift u-turn from time to time. Traders of GU, euro/usd and euro/jpy should take advantage of any bullish correction to sell back as euro makes a long term bearish voyage to supp 12717, Gbp/usd aiming supp 16072 an ej may test supp 9912 so just wait to sell at pullbacks and if you must buy short, buy with care. Happy piping. |
| Politics › Re: Maku Is A Careless Talker - David Mark by Toks2008(m): 8:55am On Sep 26, 2012 |
[quote author=Intrepid!]Did David Mark think before opening his yap to say 'Telephones are not for the poor'? A clear case of the kettle calling the pot black.[/quote]Lets face it, is telephone really for the poor? We need to look at that statement and we will see that telephone was definitely not for the poor as at the time he made that statement and even now when you consider the cost of recharge cards and when you say poor i believe he meant the real poor people who can barely afford 3 square meals. I just love that guy for so many reasons. 1 Like |
| Nairaland General › Re: Superstitious Beliefs That Actually Works! by Toks2008(m): 2:02pm On Sep 25, 2012 |
What many people don't realize is that faith is the driving force behind any form of belief. If you have faith in your TV and you hold the tv in the morning and believe that if you kiss the screen 7 times, you will get good fortune that day and you believe so much in that,you will surely meet good fortune that day. The bible says all things are possible to he that believe.Mark 9:23 The question is "Who do you hinge your believe on? Who is is the source of your faith"? Jehovah or the devil? 13 Likes |
| Foreign Affairs › Re: Israel Will Be "Eliminated" - Ahmadinejad by Toks2008(m): 9:27am On Sep 25, 2012 |
No matter how they try, ISRAEL CAN NEVER BE WIPED OUT. GOD's covenant with Israel. '"You are My witnesses," declares the LORD, "And My servant whom I have chosen" ... And what nation on the earth is like Your people Israel, whom God went to redeem for Himself as a people and to make a name for Himself, and to do a great thing for You and awesome things for Your land ...' (Isa 43.10)(2 Sam 7.23) Israel coming together foretold. Although the nation of Israel was scattered some 2500 years ago, the Bible says that it will be regathered in the last days of this age: '"I will take the sons of Israel from among the nations where they have gone ... and bring them into their own land ..."' (Ezek 37.21) This was fulfilled in 1948. Never have we seen a nation scattered for even 100yrs to come back together let alone 2500yrs. Current Scenario Much of the Middle East conflict appears to be over Israel's very existence. There is intense hatred towards the State of Israel: "Israel has continued too long ... the battle has come in which we shall destroy Israel" ... President of Egypt, 1967 "Israel should be eliminated from the pages of history" ... President of Iran, 2006 "Israel is a cancerous tumour that should be cut and will be cut" ... Ayatollah Ali Khamenei, 2012 Those who say such things should note what God said to Israel via Abraham: "I will bless those who bless you and I will curse him who curses you" (Gen 12.3). God also promises Israel: "No weapon formed against you shall prosper" (Isa 54.17). The 'All-Nation' Invasion The timing of this invasion appears to be at the very end of this age, just prior to the return of Christ to the earth. God says: 'I will gather all the nations against Jerusalem to battle ...' (Zech 14.2) 'I will make Jerusalem a very heavy stone ... though all nations of the earth are gathered against it' (Zech 12.3) But we certainly know that it is the gathering place for the world's armies as they prepare for the final war against Jersualem and in particular for war against Christ and His armies (Rev 19.19)(Zech 12.2-9). This man-God war is the final Middle East war - 'the great day of God Almighty' (Rev 16.14). It is described in detail in Rev 19.11-21 and Zech 14. In summary: half of the city of Jerusalem is captured God Himself fights against the world's armies the Israeli's (the 'tribe of Judah') also fight the attacking armies suffer a 'flesh-rotting' plague and are defeated the end time World Dictator - the 'beast' is captured and removed from the earthly scene In summary, there will surely be a gathering against Israel but just when Israel will be at the break of total defeat, JESUS CHRIST who came to the world as the seed of Jesse and died on the cross as the Lamb of GOD will return as the Lion of the tribe of Judah and slay all the enemies of Israel in one swift motion, capturing the devil and binding him for a thousand years. Then Je will reign from Jerusalem as the President of the world for one thousand years. How glorious will those years will be. Glory honour power and majesty be unto Jehovah forever and ever. AMEN 16 Likes |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 5:17pm On Sep 24, 2012*. Modified: 6:04pm On Sep 24, 2012 |
[quote author=raycolz_84]Exactly my point, there are times when the market is totally against you, times like that you can quickly hedge, so as not to loose out completely, but with EA until that account is blown the EA would not rest  [/quote]What do you expect? Using an EA that you dont understand the modus operandi.WHAT I AM SAYING IS THAT YOU SHOULD CODE YOUR OWN MANUAL METHOD IF YOU CAN'T TRADE IT MANUALLY DUE TO INDISCIPLINE. very plain English. But if you have no trusted trading method and you want to trade forex at all cost then use another good EA to trade only if you understand the principle on which it operates. I have also come to understand that many traders use crazy lot to trade using EAs hence they lose their equity in a flash. 2 Likes |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 7:11am On Sep 24, 2012 |
wizecoder: ................When i tell greedy and indiscipline traders to automate their trades, they always see me as stupid saying they prefer manual trade executions. Don't get me wrong friends, we have very disciplined traders too who will never trade with greed but unfortunately we only find one in a thousand. So what happens to the rest who are very good in understanding trends and know exactly when to buy or sell a currency but will never get over placing crazy lot? i guess fx is not for them right? Hell no. Many people see EAs as one crazy robot but you are 100000% wrong. After you have received adequate training and have arrived at a very good trading method, you are just 40% near to making consistent profits, you now have your emotions to deal with and this is the area where many traders can never and will never surmount. I am a trainer and a signer provider yet i have seen many traders lose their equity even with super accurate signals because they cant just help it placing mad lot size when they see price moving in their favour just to lose all in a swift turn. So i am repeating for the up-tenth time "After you have arrived at a good trading techniques but you still find it hard trading by your own very rules, automate that manual method into EAs" simple and straightforward. This is your own method, your very own trading style but you are lacking the discipline to follow your own rules so why continue to fool yourselves over and over again. As a swing trader, i have finished coding my swing method into EA and testing at the moment. I am also working on intraday quick profit system which should give me constant average profit of 25pips or more daily which should give over 30% on a monthly basis risking not ore than 5% on any open position. When im through with this then i'm done sitting with the system. The choice is yours to choose to either automate your manual method or continue battling with your emotions. 1 Like |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 1:33am On Sep 24, 2012 |
viklam: THE REAL DEMON IN FOREX TRADINGMy Brother you try. But unfortunately 98% of traders will still never make it trading forex. This is a fact. The brokers are just feeding large on our foolishness. They give us crazy leverage options knowing that this is the main factor many traders lose. If the maximum leverahge happens to be 1:1 then i guess many of us will succeed in this business because your greed will not even come to play when you know that you can only trade with 100usd as though you have just 100usd but with the crazy leverage that allows us to trade with 10usd as though we have 1000usd(lverage 1:100) believe me, greed will never leave us no matter how hard we try. GREED IS THE MAIN DEMON BEHIND THIS BUSINESS. I believe the only way to overcome greed is by getting even more greedy then you lose all your fortune to fx trading getting broke and frustrated. Then maybe if you have another chance, you will learn but do we ever learn? As for me, i repeat again and again, the only way is to automate my trades and live my life. And if you are adarmant on trading manually,please wait for your right configuration to come up. then place your trades with tp and sl and walk away. Gazing at the charts will always want to make you do something nasty. http://forexrefuge.com/MYSTERY%20UNVEILED2.htm |
| Foreign Affairs › Re: Pakistani Minister Offers Bounty On Anti-Islam Filmmaker's Head by Toks2008(m): 11:50pm On Sep 22, 2012 |
What a big shame. I pray many will not get to judgement point to realize they have been wrong all their life not accepting Jesus as their lord and savior. 1 Like |
| Business › Re: HELP! !!how Can I Invest With My Liberty Reserve Cash Apart From Forex Trading? by Toks2008(m): 8:11pm On Sep 22, 2012 |
legalwealth: Felashttps://www.nairaland.com/1002434/earn-up-38295-only-15 |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 3:32pm On Sep 22, 2012 |
lari03: @naijababe, whats your take on USD index?From the intraday swing picture seen on the hourly chart, the usd index should appreciate as we may see a bullish move to res 79.70 or higher with a sl at 79.00 presently at 79.37. 1 Like |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 1:28pm On Sep 22, 2012 |
Lucy001: Scam Alert!If you have to close your account because of alerts like this then you will not trade with any broker. Read the story here. http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/3484-new-excuse-confiscate-profits.html |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 8:49am On Sep 22, 2012*. Modified: 9:24am On Sep 22, 2012 |
Toks2008: Toks2008: Hello everyone, sam ogo: For me, i am a student and so $10 daily from $200 equity is just okay. Hope i am not taking too much risks? Prettywoman: I think $200 daily,$1000 weekly is not greed....my opinion sha ayox2003: One naira is okay for me. Inasmuch as I can save it that day. hisableplc: 200$ aint bad for a prospective guy who has a mission naijababe: For me £300. Anything less means I am better off going back to my day job.Great response. Many traders need to ask themselves this very important question before opening a live account. If you can only get fufillment if you make 200usd daily then only trade live if you have enough equity to conviniently make this profit on a daily basis after losses. So try opening a demo account with the equity that will conviniently give you your desired peofits then try making such consistently for just one month then go live. This factor is the main reason why many traders will never ever ever make it in this business. Never open a live account that you will need to strain so much to give you your desired daily profit because believe it or not. If your desire is to make 200usd daily and you open an account with 500usd, you will always want to make that 200usd and you may end up losing that 500usd just to regret later. I believe there is nothing bad if you desire to make jumbo profits in this business but you must not put your equity at risk in the process because the first success rule in fx trading is to preserve your equity at all cost. So no matter your desired profit. Never try to generate profit that is not commensurate with your equity. Because if you get away with it today, you may end up losing even more tomorrow. Professionals advice that you risk just 2% of your equity on any trade and lets assume you get so greedy and risk 10% of your equity in one day and you made 100pips using 2k equity and a stop loss of 50pips for that day, you will end up making: 2000/100 x 10%= 200usd divide by 50pips sl =0.4mini lot that give 4usd per pip x 100pips= 400usd in one day. So if you get extremely lucky that you made 400usd profit which is 20% profit, the question is that are you guaranteed to make that the next day? So in essence, always make profits that will not put your equity at risk. And this is why i wrote that you should not go live if the capital you have will not give you your desired daily profit target. So with an extremely profitable system and super discipline,making 10% of your equity as profit on a daily basis will be a very very difficult task but maybe achievable. So for those who are ok with 300euro daily profit, your equity should not be less than 30000euro so making 300euro(excluding losses) will simply give you 10% daily profit. And for the student who prefer 10usd daily ater possible losses, you will need at least 100usd trading capital This i believe is not even as easy as it sounds but with a good timing and excellent trading method, you just might get away with 10% daily profit of your equity but aiming for something higher may be very very dangerous. Hope this helps. Happy weekend to you all. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 8:38am On Sep 22, 2012 |
[quote author=Lucy001:]Hot forex, this afternoon was having "Trade context busy" all through out, I can not place trade....[/quote]Anytime this happens again just close your platform and re open it. That should solve it immediately. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 6:26pm On Sep 21, 2012 |
Hello everyone, Lets do a little bit of opinion poll here. How much can you make daily trading Forex that will just be ok for a start no matter your equity or start off capital.? I believe 100usd will be ideal for me. What about you? Honest response please. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 2:56pm On Sep 20, 2012 |
Toks2008: 12960 gave the bears a good fight but th bears seem have conquered so you can simly glide down with the bears to ultimate supp 12820.The best euro can do now is to confuse traders with these erratic moves. I urge sellers of euro to look away from these funny melodrama and still have a bearish outlook down to 12820. This is a swing trade position so expect crazy random moves and place your stop loss at 13051 and watch as euro makes its crazy random moves down to 12820 then we quit and wait to buy. Though i see a funny supp point at 12907 but i see euro breaking this supp. So trade with care. This is the principle on which i coded my swing trading method. No matter the crazy random moves, exit and entry points must be met before a position closes and another opens and it runs 24hrs/5days all year round. http://www.myfxbook.com/members/ForexRefuge/zombie-swing-ea/368753 If you want up to date analysis and trade suggestions from me, you can download skype, create an account and add Forex refuge to your contact. |
| Business › Re: Forex Trade Alerts - Season 10 by Toks2008(m): 1:14pm On Sep 20, 2012 |
Toks2008: 12960 gave the bears a good fight but th bears seem have conquered so you can simly glide down with the bears to ultimate supp 12820.Sellers of euro should not panic if we see an intraday bullish correction for a retest of res levels 12975/12995/13023. This should give us the chance to sell at a more vantage point. Nevertheless we just may see euro making a bearish turn so trade with care. |
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