₦airaland Forum

aguiyi: u sef na black man, so all join

Lol! may GOD help all of us. We Nigerians especially find it hard to appreciate each other but we will rather want to pull each other down and criticize baselessly.

If it is one white man now like fuller that collects over 300usd from you to join a room that you are not certain about, we will rush to pay. I have had subscriptions for online practical training from mostly outsiders but a Nigerian trader will rather prefer to lose 10k foolishly to brokers than rather use 200usd to get quality fx education. In-fact most of us have ego problems

This my friend ncpat have been sending signals and i have been observing how traders here have been responding to his calls. Now i have a place where we can monitor the activities for the test period so that we can improve this system together but i have never received one recommendation from any Nigerian where as several foreign observers have made tons of recommendation with not even one sarcastic comments.

ncpat: oh boy try it on live account na there u go know say even masquerade dey fear. hhaahahahahaa

Why are you in a rush, relax. I wrote here that im testing this strategy for 45days so please i need your observation and recommendation not sarcasm and lack of decorum "oh boy".

It is automated trading so what you see here will be sen on live account as against manual trade executions that is subject to emotion on real. If you also notice, i use extreme money management which means fear is reduced to zero nevertheless im still testing and will continue to test till next week end.

So i still need your observation and recommendations. Other observers from other parts of the world have been making series of constructive comments but Nigerians will always be Nigerians. I pray for Black man psyche

Another 80pips was banked today on the intraday 20pips hacker test account.
http://www.myfxbook.com/members/ForexRefuge/20pips-hacker/349461

As we approach the Asian session i will like traders to see look in the bulls direction on euro but we just might see the intraday bears pushing euro down for a retest of supp 12523 if supp level 12549 is breached.

Traders who want to sell euro should do for for 20pips by placing a sell stop at 12548 with 20pips target and buy back at a retest of supp 12524.But sell only if supp 12548 is tested.

Good night.

Toks2008: Its always important to follow your system as long as you trust it to give you good result. Signals and trade analysis should be used as a comparison and not to be followed dogmatically except you don't have a reliable trading method and you want to trade fx at all cost.

Nevertheless i still see euro moving higher to res 12600 but we may also see a surprise intraday bearish correction to retest supp 12500 which should be confirmed if supp 12524 is breached so you can place a sell stop at 12523 for 20pips target but i will still advise you wait for pullback to buy euro rather than trade against the major trend which still looks bullish.

Hope this helps

please watch out for 12600

Toks2008: Another 40pips just banked making 80pips so far today.
http://www.myfxbook.com/members/ForexRefuge/20pips-hacker/349461

I have to modify the tp replacing take profit with lock profit by 20pips so in a fast moving market, we will se the EA locking as many 20pips move as possible so if we see a spike of 80pips i will be locking in 80 rather than take profit at 20pips and wasting the rest.

Another 40pips just banked making 80pips so far today.
http://www.myfxbook.com/members/ForexRefuge/20pips-hacker/349461

ncpat: send me the link for the EA PLEASE. forex@1010studio.com

its open for the public.

I have 2 EAs with one having two settings trading long term and short term swings as well as one trading 20pips intraday profit target. these are the links.

http://www.myfxbook.com/members/ForexRefuge/long-term-zombie-swing-trading/239420 this is a long term trading method running 24/7 and can generate over 50% in a year.This will be ideal for managing huge equity

http://www.myfxbook.com/members/ForexRefuge/short-term-swing/368753: This is just a slight modification of the long term swing and i still waiting to see if it will come out better than the long term swing.

http://www.myfxbook.com/members/ForexRefuge/20pips-hacker/349461 this is the link you requested for.
This intraday EA swing is aimed at gathering as many 20pips as possible daily and i hope to use this build small equity in a conservative manner.

So you can observe the performances and make any comments/recommendations or constructive criticism.

ncpat: any analysis on EU i`m on sell now.

Euro trend picture still suggest a bullish trend on the intraday chart as well as 4hr chart.

Sell euro only if supp 12523 is broken with quick 20pips target. but a total trend change will be confirmed when euro breaks supp 12450 which is far down so just wait for pullbacks to buy euro and the supp to watch for have been coded into the EA i gave the link to monitor.

But i am not just ok selling euro for any reason. i will rather wait to buy.

rozayx5: you keep making the same mistake
http://www.myfxbook.com/members/ForexRefuge/20pips-hacker/349461

Thanks. I am expecting some questions and recommendation on this method im testing. This is the paramount reason for sharing it.

I have noticed that leaving positions too long to gather huge pips is not easy especially when trading manually. I am so used to leaving positions too long which sometimes reverses on me and sometimes even wipe out the profits by the time i exit. This is why i developed this quick profit taking method but i will be modifying it to lock in 20pips with max tp of 40pips rather than exit out-rightly at 20pips so that i can make more pips in a fast moving market.

So you can ask any question concerning this method so that you can understand it better.

Another 20pips just banked on the 20pips hacker intraday swing system making 40pips for the day.

By the close of London session if no position is still open, EA will stop trading till the open of a new day's candle due to its intraday nature.

https://www.myfxbook.com/portfolio/20pips-hacker/349461

takeprofit: does anybody here know what nial fuller's forum looks like. i'm thinking of registering for his course. is it worth it ($320)? does he give specific entry and exit points?

you will find lots of reviews about him here.

http://www.forexpeacearmy.com/forex-forum/has-anyone-heard/4813-nial-fuller-price-action-forex-education-method.html

fxbomovi: Waiting to short eur/usd and eur/gbp. Any opinion? But i must follow my system sha.

Its always important to follow your system as long as you trust it to give you good result. Signals and trade analysis should be used as a comparison and not to be followed dogmatically except you don't have a reliable trading method and you want to trade fx at all cost.

Nevertheless i still see euro moving higher to res 12600 but we may also see a surprise intraday bearish correction to retest supp 12500 which should be confirmed if supp 12524 is breached so you can place a sell stop at 12523 for 20pips target but i will still advise you wait for pullback to buy euro rather than trade against the major trend which still looks bullish.

Hope this helps

ncpat: here is their link
http://forexsocialsignals.com/cb/?hop=007stats

Yes i have seen the site. Just that there are some online scam alert sites that gives reviews on whether a fx service/broker is good or bad and since i have not seen any review on them,i cant say whether they are good or bad but make sure you scrutinize them. Forget video proof, just make sure you look well before you leap.

ncpat: Who has knowledge about ITM FINANCIAL?

There are no reviews on them so far on forexpeacearmy but as i have always advised any one interested in buying or using any signal service, trading system to always scrutinize. Never believe written history report of profits but insist on trial period if its a signal service or real time trading history of the method.

Lets be very careful in this business. Its scam prone.

Zeddicus: I appreciate your in-depth knowledge bro. My only grouse with you is that you have this penchance for trying to get every trader to see things from your vantage point. This market is so vast, and unlike the biblical paradise, there is no single way to financial freedom trading the markets. Your opinion on various topical issues will sound a lot better if they don't look overly coercive.
More greens to your account.

Mr Zeddicus with due respect it seems you have ego problem.

just read your post once more and you will realized that it would have been better if you never commented on that post of mine.

"My only grouse with you is that you have this penchance for trying to get every trader to see things from your vantage point".My friend, I am a world class trainer and i have trained so many people from different parts of the world so when i write on forex matters i write as a trainer and mentor. You have a choice to discard my opinion or make use of it.

Writing such comments only spells ego-centrism on your part. This is a thread where we discuss on fx matters.
Please stop picking on me.

erniok: Bearish divergence on GBPNZD on 4hr frame.

Traders should imbibe the culture of focusing on just one or two pairs and also avoid pairs with high volatility and spread.

Fx trading is about in depth understanding of a pair nature, knowing how it reacts to various conditions hence the need to really focus on a pair if possible and maximize your earning power on it. Diversification was my watchword before i realized that focusing on a pair can go a long way in ensuring steady profit. No distraction.

As i wroet before, i have multiple charts opened on euro with different chart picture and this is why i hardly go wrong trading euro.

A new 20pips position has just been triggered on the hacker EA test account so lets see as it goes.

3 different supp/res levels are usually used to initiate the trades. If euro moves lower to supp 12524 then another position will be opened and if euro descends even further to tests supp 12498, the last position will be opened with all 3 positions having a maximum risk exposure of 5% using 100pips as standard stop loss to give room for random moves. The sl is modifiable with hedging options.

so lets see how it goes.

aguiyi: EMA 7 and 25 does it for me but i always add it to my stepma

on another chart i have same EMA 7 and 25 with the double smoothed stochastic

This is why i wrote that its best to research and get the settings that suits your style.

JAkpayen: What's your settings for MA you are using?

It depends on the time frame you are using and the type of trader you are talking about swing trading to intraday trading.

But ma settings for traders differ so just do your research and find the one that best suits your style.

i prefer using simple moving average while traders who love lagging mas use smooth.

Now lets take a look at this.

Plot 10 smooth ma applied to close on euro 1hr chart and also plot 40smooth ma also applied to close.

Now you will be very disciplined trading this.

Enter long when 10 smooth ma crosses above 40ma and remain in the trade until 10ma makes another cross of 40 ma below. There are also few parameters to watch out for for confirmation which i cant explain all here.

Moving averages. The secret to fx trading. Please forget all custom indicators and spend time researching on using moving averages to make your trade decision. This is a secret i decide to share with you all.

aguiyi: correct link

http://www.myfxbook.com/members/ForexRefuge/20pips-hacker/349461

the one u posted above links to ur portfolio instead of ur profile

Thanks

Toks2008: Good morning friends,

Traders of euro are advised to wait and buy euro as we are expecting euro to test res 12577 or higher.

Happy pipping

Traders buying euro should take a rest after euro tests res 12576/12600 as we may see a strong pullback if these res points proves hard.

Toks2008: Good morning friends,

Traders of euro are advised to wait and buy euro as we are expecting euro to test res 12577 or higher.

Happy pipping

80pips was banked yesterday and 20pips just banked today on the hacker EA test account. lets see if euro makes another rebound for more positions to open.

i will be modifying the 20pips hacker EA to lock 20pips with max 60pips tp rather han exit at 20pips profit on spot
the reason is because sometimes we may see a fast moving maeket which can go as far as 100pips without pullback. so in such a case we may be banking more than 20pips. monitor the activity of the 20pips hacker test account with this link.

https://www.myfxbook.com/portfolio/20pips-hacker/349461

refresh your browser to see real time update.

Good morning friends,

Traders of euro are advised to wait and buy euro as we are expecting euro to test res 12577 or higher.

Happy pipping

aguiyi: adding to my short on ej, any word?

well, ej has a mixed configuration for now so i will say stay clear.

Furthermore i will advice traders to stay away from volatile pairs which are mostly Gbp base currencies due to their erratic moves.

Toks2008: I will be offline to attend to other businesses so traders should look in the bulls direction on euro not rulling out intermittent pullbacks but the bulls look good to carry the day so trade with care.

Happy pipping

just came in to see that we banked 80pips today on the 20pips target account and the long term swing still gathering pips with 125pips banked each on three positions with other positions still moving higher.

https://www.myfxbook.com/portfolio/20pips-hacker/349461
https://www.myfxbook.com/portfolio/long-term-zombie-swing-trading/239420

I will be offline to attend to other businesses so traders should look in the bulls direction on euro not rulling out intermittent pullbacks but the bulls look good to carry the day so trade with care.

Happy pipping

[quote author=pipjetrobot.com]Trading Forex the Right Way.

Hello Nairanders,
Preambles I once read in the Bible that people perish for lack of knowledge. The Bible also let us understand in the book of proverbs that we
should seek for wisdom and understanding in
all we do. What i have come to understand over the years
is that many people want to be spoon fed and
never ready to give what it takes to achieve their
goal in life. The secret to success in life is information. It is what you know that will liberate you or keep
you in bondage. the difference between a rich
man and a poor man is not really in the money
they have but is based on the information at
their disposal. So my friends, the only way you can be succesful
in whatever you do is to seek information on
how to get the best from it. And to do this, you
must either buy the information or search for it. Enough of these rhetorical,historical and
ecclessiastical mumbo jumbo and lets get down
to the basis. TRADING FOREX THE RIGHT WAY Here i will simply educate you on why many
people fail in Forex trading. 1. Lack of proper self training: No matter how much you pay to learn Forex trading, you can't
make it if you don't dedicate time for research
and self education. I spent days non stop
googleing many phrases that points to profitable
forex trading. 2. Lack of proper demo trading: Here is a major reason why many people fail and many
Nigerians fall prey to this due to the greed
enbeded in our genes. You are not surppose to
trade live until you have demo traded by
opening a virtual account of exactly the amount
you wish to start with, make a profit of 300% on it, close the account and do this three times. Then
go live. No matter how long it takes you to
achieve this, don't go live. 3. Lack of proper trading system : Mnay people talk about using software to trade and i laugh
over this. You can't get anywhere by using a
software to trade as you will get burnt in the
long run. You must as a matter of fact develop a
trading system based on combining the right
technical indicators and not overlooking fundamental factors like economic news. You
can get a daily news release schedule from forex experts

4. Using the wrong timeframe:: This is another area where even good traders fail. Many people scalp the market and the bad news is that you
can never make it in forex scalping as this is far too dangereous and can wipe out your account
in a flash. Some people use a very low time frame
to place trades but in my own opinion which i believe is a trusted one, i would advice that you
make your entry with the 1hr chart(minimum)
and take profit with the 4hr chart not
overlooking the daily chart to know the main
trend for the day. And not knowing the trend is
like gambling with your money. the trend they say is your friend. 5. Lack of Proper money management : This is where even professionals fail. I have burnt off
over $1600 in just three days using a very
terrible money management skill. Infact the only criterium that ensures you survive in
forex trading is money management I can't elucidiate on this here so go google it and read all you can about money management. 6. Trust not in your own understanding and believe in God to guide you: I can't stess this too much, we all know too well never to trust in man's wisdom(ours inclusive)
Thanks
PIPJET ROBOT[/quote]Ol boy, you just download my writings without putting my name as the source. I will sue you for copyright offence o LOl!

lari03: Now I opened a sell trade on GU yesterday and it did not hit my take profit instead it left me stranded and visited R1 before retreating, well I would like to see how this turns out, I have made a certain observation that if the momentum that took price to R1 was from the Asian session, then there's a great possibility of trend reversing during the London session of course I am talking about short term price movement, lets see how 11 am candle will respond.

wait for a breach of res 15820 then wait for a brief pullback and buy all the way up to the nearest res which will be 15900

Hope this helps

jamace: Wow! This thread is moving smoothly, with useful discussions. Hope this continues.

@ Toks2008, well done. I have been your follower since 2008 (I think) and your power of compounding remains one of the greatest lessons I learnt from you. Please, keep it up.

@ ALL, Please, keep keeping on. No retreat, no surrender.

May the pips be with you.

Thanks. I truly wish we all will make it big in this business. But for greed i would have bought a private jet from the proceeds of online fx trading with my in-depth knowledge.

Zeddicus: I wanted to ignore this but since another person has brought it up let me go ahead. He can call it hate of course. He harps on about targeting 10% a month but I saw a post where he said he opens 5% per trade and not more than 15% at once. Now, if the 15% ends in profit, he has already made the 10% for the months! So what happens? Again your calculations are based on 1.0 lots but the two trades am looking it were opened with 2.0 lots, meaning $800 for today alone. So I'm still wondering where the 10% preaching is coming from. Anyways, whatever
For those selling EU and Buying Ucad. Una get mind sha. I learnt the hard way to not anticipate retracements. I either enter an uptrend or a downtrend. No middle grounds. But again, I suppose it works for some people.

In a forum like this, it matters how you comport yourself and proper decorum is very vital. You don't need to write"He can call it hate of course" haba. If you are not clear on any issue please ask and you will get answers.

You wrote:
1[i].I saw a post where he said he opens 5% per trade and not more than 15% at once. Now, if the 15% ends in profit, he has already made the 10% for the months[/i]:You misunderstood me. I wrote 5% total lot exposure which means i risk about 1.7% on one position. The trading system is configured to enter 3 maximum trades in a defined trend using 3 different strong supp/res levels to initiate the trade.

You also wrote:
2.Again your calculations are based on 1.0 lots but the two trades am looking it were opened with 2.0 lots, meaning $800 for today alone.: Not at all, different brokers have some variations in lot size. You should always try to scrutinize any info you see before making conclusions because if you took time to check the closed trade history you will se that 2.0lot represents 2usd per pip and not 20usd per pip.

Finally you wrote
3.So I'm still wondering where the 10% preaching is coming from: Please dont wonder, ask and this is the essence of testing this strategy with the public.

Hope these explanations go a long way in explaining the anomalies you observed. And please lets stop this egocentric atitude, in forex trading no one knows it all so lets be open minded and be objective to new ideas.

unclenna: I have visited the above link but I will not comment for now............what I saw may not be good to me but to others it will be more than good..........within one month 15% return on account of 10k is ok for some people but you said it makes 20pips everyday.........if it makes 20pips as you claim it should have at least 20days(5days x 4) x 20pips = 400pips............and 400 x 1.0 lot should be = $4000......... ..but since is in profit is ok.....but can it maintain the profit. Time will tell.......this is constructive criticism not hate hope you understand....

No No not 20pips daily but 20pips on any open position. We could see it making 20pips in as many opportunity as it comes daily. For instance i may be making a set of 20pips on 2 positions in a short time from now and we may see another retracement today to supp 12434 which means another set of three positions could be opened so if all these go my way i will be banking 100pips today just going for 20pips on each position opened.

Secondly i chose to be conservative with the profits but we could see 15/20% profit each month, could be less but the power of compounding interest is what i intend to use generate over 200% in a year.

Imagine you making 10% steady monthly profit on a 10k account you will get these results in 12 months
profit from month 1 to month 12 will look like this:

11000
12100
13310
14641
16105
17715
19486
21433
23576
25933
28586
31438

is that not over 200%?

This business is not meant for small equity and this is why conservative profit making will not go down well with small capital traders and this si why many people will never make it trading online fx because they just can't take it one step at a time.