₦airaland Forum

PIPSMARSHALL:
The END
Phase 2. Max drawdown. Almost passed, Not happy but i'm back to the trenches. I wish but it is what it is.
I blame myself because I didn't follow my rules squarly, I also blame eight cap broker for their nonsense candles. It's no excuse but when a trade gets stopped and moves in ur direction in more than 10 trades, its the broker and not the trader. Who blames d broker more than the losing trader? Profitable traders who know that the brokers are after their earned dollars. Or na me no dey set stoploss right. Anyhow sha. Maybe I lack patience

I no sabi wetin dey rush me sha, I'm cool now tho.
I'm a RICH trader and not a broke trader anymore.
I have the skill, but it takes time to conquer greediness. Na my greed crash this challenge amd previous challenge.
I have conquered greed, just that I didn't obey my lotsize rules and positions on this one.

I lacked patience, maybe because I got frustrated by the broker but I suppose maintain my cool since I know the brokers are after my money. Soon, man will get these pay checks steadily.

Unto the next
As you were.

So sorry about this bro.

Your risk management needs overhauling, not tweaking. Good risk management must be the basic requirement for entering any trade at all.

More importantly, it is clear that you need to review your strategy. I also had to overhaul mine. The brokers are in different time zones, have different spreads, different sources of feed and of course, their "few pips manipulation" every now and then.

However, these are not enough to make you consistently lose trades. If anything, making allowance for these "knowns" should keep you afloat if your strategy is top-notch and your risk management is optimal.

Take your time to review other comments as well, because therein lies your springboard.

I wish you well bro. Godspeed. 🥂

Bimmarlykay:
Finally they rode it to 1930...fingers crossed here as 1930 now act as a swap zone on short timeframe can still send price down . @Zonall

...it should be a short dip, just to fill imbalances. Except the structure in M5 changes, the bullish rally from 1924-1926 to 1954 is still valid. Afterwards, the H4 dip can begin to even 1774.

Good morning bro.

Fxwarrior:
Buy gold 1931

... there may be some retracement to the imbalance around 1926.4 thereabout before the bounce.

Good morning Chief. 🥂

Fxwarrior:
Not ruling it out though but it should get to 1919 before any such correction.

1919 is before 1910, so yes, that is a possibility. 🥂

Bimmarlykay:
I almost blew account today trading silver and gold,Xtiusd if not hedging man for no where him stand

...ensure proper risk management oooh...abeg...

Fxwarrior:
I believe it's heading to 1905 region though.

Hmmm...my analysis does not concur, but I may be wrong though.

The bearish structure in H4 is strongly suggestive of breaching 1954 first from 1924, before 1910 or even 1774.

...let us see what the market prints though. 🥂

karkinase:
Seems buyers are stepping in gradually.. u might check it out

🥂

EmmanuelVi:
Yeah? I think I said "make me understand", not leave me bewildered?

@samfelly, come see better English...I dey learn work where this Oga dey.

karkinase:
Bearish momentum is too strong .. don’t think it would bounce till 1905-1906

...watchful waiting then.

Thanks Chief.

zonall:
...closed at TP1...currently buying to my first perspective for the week.

XAUUSD {M5} - BUY
E: 1931.1
S: 1926.1
T: 1954.1

RR - 1:4.6

Good morning traders. 🥂

...closed with small loss...waiting to re-enter at 1924.

Fxwarrior:
This is summer holiday. The big boys are on vacation. Reason for low volume. One can target 100 pips on gold for tomorrow.

...abi. Good morning boss. 🥂

EmmanuelVi:
...and it's just one simple language; Price Action.

zonall:
XAUUSD appears to have retested a swap zone from a bearish structure in M5.

I anticipate a dip from 1937 using a SL of 1939, first to 1932 and probably, 1924.

Good night traders. 🥂

...closed at TP1...currently buying to my first perspective for the week.

XAUUSD {M5} - BUY
E: 1931.1
S: 1926.1
T: 1954.1

RR - 1:4.6

Good morning traders. 🥂

XAUUSD appears to have retested a swap zone from a bearish structure in M5.

I anticipate a dip from 1937 using a SL of 1939, first to 1932 and probably, 1924.

Good night traders. 🥂

Bimmarlykay:
Nothing special boss...just that it's being acting as a new strong resistance level

...it was a fakeout zone, nice level for re-entry when the dips start. 🥂

...do you see anything special at the level of 1938 on XAUUSD on the lower TFs? @Bimmarlykay

...M5 is saying something like a swap zone or is it a fakeout swap zone?...only time will tell.

Good day traders.

Bimmarlykay:
Fair enough chief.

Tho i won't right of price hitting 1960 cus traders propose but market diposes.

Of course bro, we may be wrong...we lose some, we win some, hopefully more.

Cheers.

Bimmarlykay:
Technically... as that MA nd Bollinger band seems comprehensive check a 2h chat you'll see a descending channel and price moving up to test 1950-1952 I'll wait and see if they can send it back to 193x

...well drawn trendline, though I use Bollinger Bands as my dynamic trendlines.

Beyond your 193x, I see 1910.8 as a minimum, more like a first target for M5, there should be some ranging or retracement afterwards, with H4 pointing structurally for a further descent to 1774.

Usually, I confirm trends and entries on both H1/H4 and M1/M5 timeframes to ensure only highly probable trades, while increasing my RR.

Bimmarlykay:
Lolzz i just dey talk ma my mind boss, you're the boss ...normally ama scalper but if you apply 200 EMA you'll see it at 1949&1950 on H1 & H2 respectively...those things most times sends prices back. But on second thought,you might but right cus Bollinger band center MA is positioned @1954 on 1D and price might touch it


But those two places are my point of interest then i wait for confirmation before I know if its a buy or sell as it might break 1955 and go way up to 196x .

Spot on bro...where have you been all these while... your outlook resonates. 🥂

Pseudo-bullish structure in m5...everything is not always as it seems.

My analysis may be wrong though...🥂

OfficialP:
Love this kind of trades with huge rr

Thanks Chief...we must catch them like that, they don't show up always.

Cheers. 🥂

Bimmarlykay:
9ce sight chief...but i feel it will gas out at 1950 b4 selling.

Thanks Chief...well, let us see what the market prints.

I would also like to see your perspective, viz entry and take profits.

Cheers. 🥂

My first perspective for the week.

XAUUSD {H4} - SELL LIMIT
E: 1954.8
S: 1957.8
T: 1910.8

RR - 1:15

Do have a pipful week. 🥂

EURUSD {H1} - SELL LIMIT
E: 1.1032
S: 1.1042
T: 1.0942

RR - 1:9

zonall:
My first perspective for the new week...

EURUSD {H1} - BUY LIMIT
E: 1.0977
S: 1.0957
T: 1.1047

RR - 1:4.5

SL hit.

Good morning traders.

...it always seems impossible until it is done... Nelson Mandela

Good morning traders.

zonall:
Good to be back after a rewarding long hiatus.

XAUUSD {H1} - BUY LIMIT
E: 1952.1
S: 1950.1
T: 1962.1

RR - 1:5

🚦..done and dusted...🥂

infofirst:
Perspective for a week on a 1hr tf only? I suggest you should check weekly, daily and 4h too. But if it's just for perspective for some few hours on Monday. 1h only is fine

Twale boss.
I meant my first perspective for the new week. I have modified the post to reflect same.
...many thanks.

My first perspective for the new week...

EURUSD {H1} - BUY LIMIT
E: 1.0977
S: 1.0957
T: 1.1047

RR - 1:4.5

samfelly:
Thanks, boss. Very reassuring

Sam the fella...diligent as always.
Cheers bro.

abham:
50% of that wick as entry no go sad sha but stick to your rules, this is just a voice in my head.

...duly noted bro...many thanks.

Good to be back after a rewarding long hiatus.

XAUUSD {H1} - BUY LIMIT
E: 1952.1
S: 1950.1
T: 1962.1

RR - 1:5