₦airaland Forum

maak400:
It will end by this December according to their support page.

Just seeing this now, I've registered too, is it possible to catch up before December?

BinaryRocks:
If you don't take your growth seriously; 5years from now, you might just find yourself sending "u don forget me now" message to people you're close to now.

Copied.

😂😂😂

karkinase:
@Winnerrrr price is already @ demand zone , expect an explosive 🧨 move soon

Same bias, looking for a small move down below

karkinase:
GU has broken structures from a microscopic point of view.. let’s see if we can go up from here

Bro what about EU

haryodehjia:

Eightcap spread na something else

there's still hope for a bullish run if yesterday's high is taken out.

EU is still weak, I thought the 1:30 news will propel the long awaiting bull run.

Geovanni412:
It's tough to call at the moment

It's at a region where it could be bullish but it's still falling at the moment

My two cents;

Depending on your risk appetite, you can buy it now if you are a medium to high risk type of trader

If you are a low risk type of trader, then there is no trade for today

Your best option would be to wait at 1.096 and 1.084. You'll get a cleaner trade after 16 hrs from analysing those two zones...

my thoughts exactly, I think FOMC will push it down to 1.084 zone.

Geovanni412, what's your view on EU, reversal or continuation to 1.0841.

RKTexpert welcome to the EU kingdom, I trade EU only too.

Been sitting on the fence for two days, finally took a sell on EU, karkinase it finally dropped but It didn't hit the daily support yet

richgen:
If I can remain unmoved ( with no emotions at all) whether my trade ends in a win or loss I'll become a good trader with time. This I know.

bro go read Trading in the Zone, it'll help make your mental game strong.

I'm actually still sitting on my hands because I haven't seen any setup yet on EU.

Karkinase, what's your biases on EU, seems like it'll sell massively tomorrow to daily support.

karkinase:
didn’t see this bro.. I was offline. Anyways everything for me since London has been sell sell…

Yeah, EU dropped around 65 pips, price smashed through those levels like no body's business.

Geovanni412:
Are you using price action or indicator based trading?

If you are using price action, then you can use correlation coupled with price action reading to your advantage

You need to make minor adjustment to the bolded.

As a day trader, you should be looking at the previous highs and lows on the daily chart or on the weekly chart.

That is where your entry should be from based on whatever method you are using.

Place limit orders of 1/6th of full size or less appropriately and watch

Enter with small size, then re-enter with full size if you are still seeing the same signals after 16 hrs.

I use price action but my trading is mostly mechanical, I check daily TF for directional bias and 15 min for entry using LDN killzone, but I haven't been killing it as I thought.

thanks for the insight, I'll def adjust and see how it goes.

Geovanni412:
Eazy solution....

Market ranges 70% of time

So, if you are doing market analysis on weekly

Entry pts:
Your short order should be from the weekly high or open (if the bar was bearish) and from the weekly high or close (if the bar was bullish).

Depending on circumstances, you can short at middle of previous weekly bar as well but never short at weekly low

Instead short from 0.5 of the weekly range, if you see the right signals. (See e.g below for clarity)

Stop loss considerations:
Short at key levels from the previous week then use wide stop loss of like 60 pips initially, later on you can reduce it if you like.

Example:

Entering into a new week with eurusd

From the chart, you can see this
H - 1.106
C - 1.094
L- 1.092
O- 1.100

From this, if you believe it is a sell order, your entry should be from 1.106 or from 1.100

If you believe it is a breakout trade, which market rarely ever does, then you should consider using your trade method, entry from here : L - [(H-L)/2 ] = 1.092- [(1.106 -1.092)/2]
Answer = 1.085

So, your third possible consideration for short would be from 1.085 zone, but note that it is likely that the market may range upwards from there as well

If you do a backtest of 3-6 months or longer, you'll notice that this is how the market moves on the weekly

N/b: these rules are also applicable to the daily chart

Thanks for this indepth explanation, I'm actually trading the daily candle and surprisingly this is the exact same way I trade, my biggest obstacle seems to be knowing the direction the market will go.

When I'm bullish, I look for the low of the day during London and make an entry, most of the times after entry, the market will reverse take out my stops and continue going down and the end of the day I'll see a giant bearish candle on the daily timeframe, vice versa when I'm bullish.

how do you conclude on a directional bias from the higher timeframe with a high probability?

Karkinase, can you spot this bullish OTE in EU on 15 minutes.

Is is ripe for a buy?

guys, what's the importance of doing a weekly analysis or plotting your chart against next week when the market structure can change at any given time?

isn't it better to analyze daily when you want to enter and trade what you see?

I did a weekly projection of EU last week and concluded that it'll be bearish and EU ranged throughout the week, I got burnt because I was fixated on my weekly bearish outlook.

rainlover:
pls be careful of some of these new prop firms o

noted

Eaglepixel:
What's the name of the propfirm?
Cc:samfelly pls prop firm running promo currently

Fundingpips

Following.

I know this is an old thread, how many of y'all achieved the goals ?

Demo Account -> Draw down.

Competition Account -> Draw down.

sigh

Bearish Weekly and Daily outlook on EU.

Price might reach 1.08450 and reverse or reach the 1.04860 and take out sell stops before a major reversal up.

What do y'all think?

Sukkot, what you wrote is true, but if we don't bother or strive we'll not live which violates our basic instinct of 'Survival First'.

I agree the world has no meaning in of itself except for the meaning we attribute to it, that's why people call religion, careers, talents their purpose, to live a fulfilled life we have to submit to a purpose else you'll just go 'hitler' on everything lol.

Last week was bloody, lost 2.5%.

Go and do some winner shit, you lack action in your life that's why you feel like this.

Start a company.

Lift weights.

Go to a neighboring state and explore for a week.

Go talk to some fine chicks.

When you do any of this, you'll build your self esteem and that will make you more confident and assertive in public which in turn will attract people towards you.

I cut off all my friends this year to focus on my goals, friends are not the problem, you are.

What's up guys, anyone here learning or trading ICT concepts?

EmmanuelVi:
Okay, that's interesting...even though I see RSI and MACD on your chart😯

Lol, isn't it ironic

MONEY247:
I love forex trading
Forex forever
Forex till I die, .....

This candles gonna make me travel the world over.....

Vida Loca

greatcheer, read Mark Douglas 'Trading In The Zone' it'll change your outlook completely on Forex.

Or if you're a visual learner search 'Mind Over Markets with Mark Douglas' on YouTube.