honeric01:

You're in the spirit my brother, if not that i have made money from this business before, i would have given up since.
The race is really not for the weak o.

Bro You have to conquer your greatest fear.....i did that way back 2008... try to stop trading for atleast 3 month

Awwoof 40 pips in the making on EURUSD. enter for a tp of 12858. once it gets there wait for retracement and enter again for a tp of 12822

honeric01: I think i have lost trading focus, guys abeg, how does one regain his concentration back after series of losses?

Boss,be patient,re examine those trades that gave the looses, try and identify what went wrong, and again, try to always wait for the right entry, only go for trades that have less risk compare to the rewards.I will not advise u take a break, keep trading but trade low lots till the confidence is back.

wizecoder:
Bro You have to conquer your greatest fear.....i did that way back 2008... try to stop trading for atleast 3 month

3 months? you wan kill me? okay, during this 3 months, i can play with demos abi or maybe open smaller accounts with small money to play with? i already concluded that I'm going to be using December to rest.

infofirst:

Boss,be patient,re examine those trades that gave the looses, try and identify what went wrong, and again, try to always wait for the right entry, only go for trades that have less risk compare to the rewards.I will not advise u take a break, keep trading but trade low lots till the confidence is back.

Doing so presently bro, trading demo and smaller accounts just to get my trading confidence back but December, i won't be trading at all!

WINNINGWAYZ: misssed my darling AU. Well, was not very sure, so, had to wait. Did not want to be caught in some random crazy spikes. will wait for the next opportunity

sir pls u got a mail

this is the trendline break we are trading for the aawwooofff. if tp is met be patient for a drawback and enter again for a tp of 12822. fingers crossed.

honeric01:

You're in the spirit my brother, if not that i have made money from this business before, i would have given up since.
The race is really not for the weak o.

and you will still make more , just get a bullion van, thats my advice cause the pip rain is coming on friday

honeric01:

3 months? you wan kill me? okay, during this 3 months, i can play with demos abi or maybe open smaller accounts with small money to play with? i already concluded that I'm going to be using December to rest.



Doing so presently bro, trading demo and smaller accounts just to get my trading confidence back but December, i won't be trading at all!

, the only way to stop me from trading is locking me up and ridding electricity from the jail but i think this is the best cause after consistent losses, your mind is not stable and then that (fake) fear comes that makes you to enter bad trades and procrstinate good trades,
your one of the first people i knew when i came here in season 7 so, i know your a asset when it comes to trading

rozayx5:


, the only way to stop me from trading is locking me up and ridding electricity from the jail but i think this is the best cause after consistent losses, your mind is not stable and then that (fake) fear comes that makes you to enter bad trades and procrstinate good trades,
your one of the first people i knew when i came here in season 7 so, i know your a asset when it comes to trading

Good morning..thnks for the other day..God bless

infofirst:

Thanx for the insight n that is the point, we need to wait for right entry

And believe me friends, if we all can be very disciplined to wait for the right time to place a trade and i mean when your trading method says go,i bet we will all have the course to smile almost all the time as we will always have more wins than loses.

But many traders are impulsive traders. They see a flimsy short term price movement and they just punch the order button without really guaging the trend and carefully plan their trade.

It pays to be patient and never ever be scared of losing because you actually lose more by trying to avoid loses. Losing and gaining is an integral aspect of fx trading and we are only expected to make more profits to cover the loses.

Toks2008:

I trade using failed supp and res levels and as i wrote before, i am highly skilled in this area. So buying euro at supp 12891/12876 with sl at 12846/12836 with tp at 12958 still remains a good option. If 12846 get breahed, i will wait to sell euro after a pullback.

Because the swing configuration i see still suggests a bullish rally on euro to res 12954. That is the intraday swing i see,

But if supp 12846 gives way,i sell down to 12808 and recover the lost pips as well as make new pips down thereby still maintaining profits. That is my intraday style of trading.

Forex trading no easy and we can only speculate so make we dey see how euro go play the cards today.

Even with all these moves, we could still see a glide down to supp 12876 before a definite move up but as i wrote, if res 12826/36 get broken, else, i still see a crazy rally down to 12876 before a possible blast up to 12958.

Toks2008:

And believe me friends, if we all can be very disciplined to wait for the right time to place a trade and i mean when your trading method says go,i bet we will all have the course to smile almost all the time as we will always have more wins than loses.

But many traders are impulsive traders. They see a flimsy short term price movement and they just punch the order button without really guaging the trend and carefully plan their trade.

It pays to be patient and never ever be scared of losing because you actually lose more by trying to avoid loses. Losing and gaining is an integral aspect of fx trading and we are only expected to make more profits to cover the loses.

+100000
nice write up

Toks2008:

We are likely to see another intraday bullish rally today on euro as a breach of res 12926/936 may see euro moving higher to test res 12959 so traders should watch out for this.

Prolific intraday traders can also consider buying euro 12891/12876 with sl 12846 and tp at 12959.

Trade with care.

If euro eventually tests res 12959 then i will advice euro buyers to hands off and chill out cos that res looks so formidable to send the bears in swift motion so you may buy with great care to that strong res point.So lets as how euro plays out the melodrama.

With good mm, you will certainly enjoy the madness of crazy price movement and you can even leverage on it of you understand your supp/res levels.

@honeric01, do you have a documented forex trading plan? If you do, trade it; if you don't, that should be your professional trading starting point. I was thinking it does not matter if one does not have it but brother, it is sine qua non! From what I know about you, sometimes, you are inclined to try getting back at the market. Nobody ever beats his chest doing this even mid-term.

You have paid your dues in this business; it is time to relax and be consistent. If it means taking some time off (3 months is not too much) then do it! If you look back at the losses picked in the recent past, am sure you would have been better off had you stayed off. Just my 50kobo.

Kashif: @honeric01, do you have a documented forex trading plan? If you do, trade it; if you don't, that should be your professional trading starting point. I was thinking it does not matter if one does not have it but brother, it is sine qua non! From what I know about you, sometimes, you are inclined to try getting back at the market. Nobody ever beats his chest doing this even mid-term.

You have paid your dues in this business; it is time to relax and be consistent. If it means taking some time off (3 months is not too much) then do it! If you look back at the losses picked in the recent past, am sure you would have been better off had you stayed off. Just my 50kobo.

Wow!!!! Look what the cat dragged in

ayox2003, u've got mail. Thanks for the response.

@Kashif, quite a long while. Where have you been?

Toks2008:

If euro eventually tests res 12959 then i will advice euro buyers to hands off and chill out cos that res looks so formidable to send the bears in swift motion so you may buy with great care to that strong res point.So lets as how euro plays out the melodrama.

With good mm, you will certainly enjoy the madness of crazy price movement and you can even leverage on it of you understand your supp/res levels.

Very well projected. EU buy to that point of 12958/12959 will bring another consolidation. Although my bias is to buy EU this month but waiting to see what happens at that point is very crucial.

Well done

Prescia

hello people. How are y'all doing? Yeah m off and on lol. Still Trading. Green pips to you all. @naijababe, Hello Sis.

FOREXMART: hello people. How are y'all doing? Yeah m off and on lol. Still Trading. Green pips to you all. @naijababe, Hello Sis.

Port harcourt new son! How u dey na?


If you sabi the person wey dey hold Brent , make una help me beg am to release am o

naijababe:


Port harcourt new son! How u dey na?


If you sabi the person wey dey hold Brent , make una help me beg am to release am o

Big Sis na Light Sweet Crude i get here oh. And my analysis says its on a bullish thing stuck at 93.25. what's ur bias?

naijababe:

Wow!!!! Look what the cat dragged in

My sister from another mother! How you dey na? while we are using knife in the market, you are using chain saw! I throway salute!

JAkpayen: ayox2003, u've got mail. Thanks for the response.

@Kashif, quite a long while. Where have you been?

My brother, I went AWOL for a while. Back in the house....

Where are we?

odiaero..:
Where are we?

in the forest trading thread
Odiaero(aba made)

FOREXMART:

Big Sis na Light Sweet Crude i get here oh. And my analysis says its on a bullish thing stuck at 93.25. what's ur bias?

Na long throat do me o, I normally spilt my positions between brent and nymex but i chose to go with just brent because it had not moved as much as nymex has, na hin the thing no gree move again Yep, I am bullish on oil

Kashif: My sister from another mother! How you dey na? while we are using knife in the market, you are using chain saw! I throway salute!

Na beans?! I wish o

Toks2008:

If euro eventually tests res 12959 then i will advice euro buyers to hands off and chill out cos that res looks so formidable to send the bears in swift motion so you may buy with great care to that strong res point.So lets as how euro plays out the melodrama.

With good mm, you will certainly enjoy the madness of crazy price movement and you can even leverage on it of you understand your supp/res levels.

We all can see the randomness of price action and to think that some people just aimlessly trade these flimsy moves. If a trader must take advantage of random moves, you should first get a drift of the destination then simply wait for pullbacks and buy or sell in that anticipated direction.

The 1 minute chart is ideal for catching these flimsy moves and to take advantage of it.

For instance, i anticipate that euro may test res 12959 and if i simply want to open trades on pullbacks, i will go to the 1 minute chart and use stochastic 20 10 10(modified settings and wait for the fast and slow lines to move to over sold and buy for 10/15pips, wait again for the stoch to move to oversold region and buy again.

If you check the 1 minute chart you will see that such have happened several times in the course of this present euro move.

So if you must scalp at all, do it in the direction of the existing intraday trend and not long term trend. And this applies to all trading instruments because they all have the same swing scenario.(overbought and oversold situation)

Even looking at gold, the swing configuration shows a possible bullish advancement to res 1790.80 but if you want to scalp this possible bullish move, just go to 1min chart and attach stochastic following same process of buying at over sold region.

Hope this helps

nolly042:
sir pls u got a mail

i checked, but no mail. plz, resend

Toks2008:

We are likely to see another intraday bullish rally today on euro as a breach of res 12926/936 may see euro moving higher to test res 12959 so traders should watch out for this.

Prolific intraday traders can also consider buying euro 12891/12876 with sl 12846 and tp at 12959.

Trade with care.

Buyers of euro should hands off totally if euro tests res 12959 as we are likely to see a crazy fast moving bearish crash if that region holds.And the crash may go far down to supp 12759 or even lower.

raycolz_84: Buying EU at 1.2866, long term trade so for now no SL or TP, but am using a very low lot size just 0.02,
so no matter where it goes am going to leave it running for weeks, i intend to make free 150dols on
this trade

Hello house, jus opening my laptop now, decided to enjoy the independence as a patrotic Nigerian
my trades aint doing bad so far with lots of green pips, had to read the last 5 or 6 pages bit by bit so i
wouldn't miss anything phew!
Wishing the house a green october

Toks2008:

Buyers of euro should hands off totally if euro tests res 12959 as we are likely to see a crazy fast moving bearish crash if that region holds.And the crash may go far down to supp 12759 or even lower.

Very nice analysis. Keep it up

odiaero..:
Where are we?

this guy has a very poor self image for him to be cloneing nicodermus. this is pure enviness without cause. anyway the original made in DUBIa odiaero where are u o! i hope u havnt ingnored all our advice concernin d
politian investor.cause u dey owe me return ticket 4ur new house party.

Are we there yet?

Toks2008:

Buyers of euro should hands off totally if euro tests res 12959 as we are likely to see a crazy fast moving bearish crash if that region holds.And the crash may go far down to supp 12759 or even lower.

Hmmm. waiting for reversals at this level. watching patiently..

EU can be funny at times