₦airaland Forum

@Dominique, @naijacutie,

saxy4c:
What we ought to do when we find such is to tag a moderator, the active ones like Dominique or naijacutie, on such threads as we obviously know what those individuals are out to do.
These is a periods a lot of young folks are searching all over the internet for how to make money online due to the idleness of staying at home and a lot of them would be baits for these evil individuals who want to further plunge already desperate humans into more misery.
Very upsetting.

Noted. I'll do that now

Gasive:
Just as he knew that NU shouldn't break above 6175, so that's a sell area.

So if I'm to sell now at 6175, I will wait for a pull back around the 5950 level before closing the position. That's what I meant.

Ooh I get it now.

Gasive:
God knows I can't withstand seeing my profits fade.

But what if I close the position when it starts retracing and enter again when the wave continues? Won't it work?

How will you know how far its going to retrace and if the wave has actually started again?

voraz:
hei
stake $40
odds ?
profit 200%

next game, ticket (account) should not blow o

Lolx

GladmanGoddey:
Alot of funny thread in the investment sections on nairaland promising heaven and earth, really feel sad for those who will fall for those

I just came across a thread about someone telling people to drop their contact for daily signals, then one guy asked the op to post his earnings for a month before he will follow. The op posted earnings for a day and wrote that he moved from $40 to $120 in 3hrs. The next thing people started dropping numbers oo. laugh wan kee me

heskeyw:
Bro, source doesn't matter, as long as you earn legit. Even after learning fx and mastering my trade, I will still analyse signals gotten from the group and trade them.
Chemical brother on twitter has made millions from fx without knowing much about it. Though he gets his signals from an expensive Paid group.

The point is that as long as you rely on someone else's signal before you enter a trade, you will always be dependent no matter how much you make. If that expensive paid group should for some reason stop posting signals for a while the chemical brother would be stranded for that period. Maybe its just me but I always like to learn to do things myself because experience has taught me nothing lasts forever.

heskeyw:
Lol. Bro, like I said before, I was only trading demo and I do get signals from a group like that. Upto 5 signals a day with 80percent positivity. At a point, I even begged peteregwu to coach me. Right now, is like the admin of the group dn die cuz no update in the past 3days. I don't want to depend on anybody again. I learnt the fx basics last two years. I want to continue from there on babypips. Hopefully, u will help me in the areas of my difficulty as my trading goes on.

See the reason I always keep telling people to learn how to trade but NO they always prefer the easy way out they don't care what strategy lead to the signal as long as you give it to them.

Gasive:
Alright bro.

Let's keep watch and hope it pays.

Yes o, that's the plan

Gasive:
Nice observation.

I will start watching it too. I'm not a long term trader but it will help me know the overall trend direction while trading short term.

But oga Tony my question is, how do you make the right entry? Cos you will be sweating dollars, profusely, if a daily candle goes against you by one not to talk of two candles.

How do you do it?

Plus, I'm still waiting for the signal on EurAud.

I look for buy and sell signals at those key levels then I enter on a 50% retracement of that signal. That way I have a lesser risk and greater reward potential but the downside to it is that sometimes the market may not get up to that level so I do miss out on some trades but that's okay with me.

As for that EURAUD, I didn't get any buy signal and the way bears are pushing through that key support I probably might be looking for a short-term sell signal. But don't worry I'll keep you updated

saxy4c:
Uncle Tony, you mean the king's JESTER ?
I now only read the clowns post here I'm looking for some comedy relief and your response gave me a good laugh last night.
A self acclaimed advanced teacher gives you points on how to handle a loss by telling you to increase your SL and reduce your lot size when you are in loss? It's either I most certainly have a very low self esteem so I always feel someone is out to insult my level of discernment or I'm simply sensitive to the smell of bull shit!!!

Please what difference does it make if I was trading 2lot size initially with a 20pips SL but now, according to the king's jester, I now reduce my lot to 1unit and increase my SL to 40pips? Has any difference been made to my trade volume?

I'm almost certain he just went to one of these backyard waterside trading blogs to copy and paste their jargon without even paying a read to it first. And this is who is asking us to pay him a whole 150USD for trading advice oh, not even the kind of free accurate calls that many of you give us here for less than 5Naira sef . My brother his 4th point has given you heads up that he's soon to vanish back to his hole. Ashamed dey catch me for Oga infofirst, that ever had anything to do with the fellow,
we all now know better though. Na to press ignore.

Boss, this your quote don make me laff fone fall for ground . The thing is it's the newbies I feel sorry for because they haven't got the experience to differentiate between the real traders and those who wanna use their money to backup their own losses. It's just a painful scenario that in life some people go everly fall MUGU. But such is life sha

This pair has been on my watchlist for a while now and price has finally gotten to the end of the road , the weekly chart is bearish so I would prefer to see a sell signal this week but a daily close above the ascending triangle will change my bias and I will be looking for bullish signals on a retracement to .8562 level.

bojbest:
Losses happen. What I noticed was price hits my stops and moves back my way.

It’s painful.

Working hard for a better performance next week. This week was hell.

It means your stops are too tight, try giving it some room to breathe even if it means reducing your position size.

Bornfool:
Me too dey observe but waiting for the One ever king to prove us wrong, the Market can never defeat the king , Pip Marshall is the only king that will have1000 trades with no losing trade, Hail king Pip Marshall.

The market don humble d guy small this week. He hasn't learnt how to consistently make money for himself yet his charging people 50k monthly to teach them. Its very annoying

TeeNBee:
Please I need someone who can mentor me on forex. I've read PDFs watch some videos, applying wat i've learn most times proof difficult especially with some demonic looking chats dat I don't kw their direction. Someone should should come 2 my aid pls

Start by taking trades on those charts you understand and don't use too many strategies at thesame time. Learn one strategy at a time, and always keep risk management at the forefront of your mind. Plan your trades and trade your plan even if it turns out to be a loss don't worry just keep going and remember that trading is a journey not a destination so don't worry the market will be there tomorrow .

bojbest:
Some weeks are just hell.

What can you do during losing streaks:
1) Reduce lot size
2) Increase stoploss
3) Trade higher timeframe
4) Take a break.

I hope this helps.

The king wetin happen na
Abi the pips nor loyal to their king this week

cococandy:
how do you quote people’s pictures? Do you screenshot?


See ehn life hack 101. You can serve yourself in bed, put it on the bedside table and go back to sleep for 2 minutes. Then wake up again and viola, breakfast in bed don happen. You won’t even know how it got there.

Coco you nor go kee me with laugh for this forum oo

Richsteemit:
Can anyone recommend any Intresting book for mindset and psychology in Forex pls don't ignore am still learning

The disciplined trader by mark Douglas and Trading in the zone by mark Douglas. You can download them free on pdfdrive.com

Richsteemit:
Do you use Fibonacci because is quite confusing for me?

No i don't

Elui2:
Pls who knows about Fibox(Fibonacci) strategy?

Fibonacci strategy is best used when combined with other strategies like S/R lines, trend lines, etc but using it alone is a recipe for disaster.

saxy4c:
Bro if I tell you all my family problems you won't take me seriously anymore. I use just one MOPOL for all my wives but with this particular sidechick my village people sent to me, if I dont follow her with the Air Force, Army and Navy, she go disgrace me for public oh.
That's why I'm always ashamed to post her charts in public. No vex abeg

Lolx

saxy4c:
So the arrow is the $6 move I was expecting. Its now up to you to move your risk to par. I dont like that Gold didn't close above 1715 on the USA close. We have 150pips profits so I'm selling here at 1711 SL 1717 Tp 1700.
I can't force the markets, but I can follow it at least
Let's try to catch all swings of the market before landlord pursue us from here oh.

Bro your chart is looking like a crime scene and I say that with love

arabmoney14:
Today I finally get a big win that exceeds my numerous losses
Now am above my above my $5000 "capital" after burning it to $4800
See as demo account dey shark me lol

Congrats but don't let euphoria take over.

He was the best president in the history of Nigeria. Was just unfortunate his reign was caught short. RIPP YAR'ADUA

wiconse:
how can you say such? do you know that banks use upcoming events to fill orders? cot tells you want retail is basically doing vs what comm is doing. do not joke with cot please

So me that have been trading strictly price action and have been making consistent profits am an alien abi or am the new model artificial intelligence forex bot.
I've learnt from personal experience that understanding price action is the simplest and most rewarding way of trading(at least for me).
Bottom line is any method that works for you as long as you're comfortable with it, Continue.

Bornfool:
I got your question I don't know how to read the cot report I just want the one that has already been analysed that will tell me may be I should go long or short.

If you can how to read raw price chart, you won't need any cot report, fundamental information or anything else. I advise you learn how to read and understand price action.

BrainArk:
please house when does the daily candlestick opens and closes in Nigeria time?

Check the time on your mt4/mt5 and compare with Nigerian time.

saxy4c:
Looks like you use a lot of Nial Fuller teaches. You went for the 50 retracement right? How often does this work for you.

Don't worry, you'd catch it back.
Adding another sell at break of 7450. You are Going for 10R. Does this usually go to TP area?

Yeah, I use 50% because it gives better risk/rewards and although I do miss out on some trades but that's okay because the market will be there tomorrow . I'd hold onto the trade for the week and if prices doesn't retrace back up, I would delete the limit order. And yes price does reach TP level. It just takes time (sometimes)

Tonyfx:
GBPCAD Sell limit 1.76231, SL 1.77115, TP 1.66000

This market is trying to spoil my mood this Monday morning. I set a sell limit for 1.76231 and the market rose up to 1.76230 and started falling. CAN YOU IMAGINE WHAT NONSENSE

Gasive:
Lolx, alright.

Just remember to let me in when you're ready to take off, so I can ride with you.

Sure

googleone:
Monkey pepper soup for breakfast

You like monkey business

Bornfool:
Don download many Youtube videos to learn it I don't get it

Don't get what my question or the videos you downloaded

Gasive:
Hmmm.. your patience is legendary.

Pls what's your equity? Cos from what I'm seeing, a good SHOCK ABSORBER is needed to hold long positions.

na small change I dey grow. Depending on what you would consider a good shock absorber.

Gasive:
Oga, have you taken position or you're yet to, on EurAud?

Yet to

Bornfool:
Do anyone know any site that I can get well analyze Cot Report? For daily and weekly

Why don't you learn how to do it yourself instead of relying on the information of others. Just my opinion