surveycash:

I joined FTA for alerts but noticed there is more of analysis/hatings than the purpose for which it was created. That is why I created Daily Forex Trade Alerts (DFTA)https://www.nairaland.com/1079742/daily-forex-trade-alerts/3 strictly for BUY/SELL signals. I know people are watching from the sidelines .

Here is the facebook version, http://www./dailyforextradealerts/.

Thanks for asking FXKing2012

FXKing2012:

Analysis is good in order for d newbies to understand d mkt but d hating must stop this year.
New year=new ways.

FXKing2012:

Analysis is good in order for d newbies to understand d mkt but d hating must stop this year.
New year=new ways.

surveycash: PA traders, shey na bearish pins be these? Hmmmn, I am seeing the start of a 100km journey southwards for au, gu if na so.

FXKing2012: The earlier u join d EU train downsouth the better for ur account.

n.oxide:


na me dey load the train!

Impulse80: Welcome man, baypips.com is where you want to start with.

obi4eze: I'm short E/J from 109.49, booked some profits already but my 1st major target is 108.08

efe22:

Hmm you already have them, bbstop plus boss system. Hope my comment will not flood unsolicited responses here again

saudatu:
Hello oga efe, me and you no get issue now, why your the above comment

rozayx5: those of you asking about a good trading system, just opened a mini thread specially for it as once recommended by Lawson- and will drop the indicators there and offer free advise to anyone there, while still playing actively here
Its my current trading system, just a diary and want to get people view there too
Cheers

https://www.nairaland.com/1131375/simple-rozayfx-system-path-trading

Rich4god: Am seeing EU reaching 1.3150. So, any one buying should buy now. SL 1.3051. My own point of view, follow at your own risk.

rozayx5: those of you asking about a good trading system, just opened a mini thread specially for it as once recommended by Lawson- and will drop the indicators there and offer free advise to anyone there, while still playing actively here
Its my current trading system, just a diary and want to get people view there too
Cheers

https://www.nairaland.com/1131375/simple-rozayfx-system-path-trading

obi4eze:

Hi Rozay, Could you please help me with the BOSS system thread? Thanks a lot. U're doing a great job on NL.

rozayx5:

currently mobile will send the link when am on pc .

lawson007:

may i add that we can use this your thread for research works on weekends and then FTA for confirmation purposes.If any system provides a signal and we check the pulse of the house here and it aligns then BOOOM!!!!!! "fire at will".That's a good move my brother.
Now concerning usage of lot size between @Silibaba and Rozayx5, this is my opinion:
A man wants to make $100 in a day, he chooses to use 1.0 lot size aiming at 10pips only and before you can say Jack Robin.... he is done for the day.The second fellow wants to make $100 but decides to use size 0.10 and has to wait for 16 hours or a day for the Pair to make 100 pips.If Rozayx5 decides to use size 20(Instaforex size- but normally this is size 2.0) and aims at 10 pips and walks home that day with the $200 is more likely to happen than a 0.2 looking for 100 pips.The bottom line is are your signals razor sharp in accuracy?otherwise you better take smaller lot size and wait for 3 days than to be shocked at a sudden retracement that could give you a black eye.IT IS ALL ABOUT SNIPER PRECISION OF ACCURACY.BRUTAL ACCURACY NI.
With such an accuracy easy 9 pips can give someone $9000 in a day.

Ivynwa:

I'm not one to use 0.1, 0.2 lot size, don't have the patience for that. A friend advised to use 0.1 lot size, I also read somewhere that it helps minimize loss but I was like "What?. Good to minimize loss but how am I going to make money with that lot size"?. Can only use such lot size when i start testing out gold until I'm ready to swoop in on it.
Retracements sometimes gives black eye like you said but a Deep retracements can be guarded against with "stop loss", I like to give a trend breathing space for retracements as a well behaved retracement can bring in good pips when it shoots up but I already learnt my lesson from giving too much room (stop loss that is a bit further in distance)-----on that note let me even find out something from the house. Please I read from an expert somewhere that the best "stop loss" distance to give is 5 pips away, what stop loss distance will you guys suggest for one?

fxdee:

to me the kind of stop loss you will give depends on your trading style..if you r trading using higher time frame like 4hr...5pips stoploss is nothing becos the market must definitely breath whichever direction its still going...but i think technical stoploss with good money management is d best....if you want to scrap maybe 5pips stoploss might be okay...but i ll advise dont follow anybody do what work for you...some trader even prefer pending order as stoploss...

Ivynwa:

I'm not one to use 0.1, 0.2 lot size, don't have the patience for that. A friend advised to use 0.1 lot size, I also read somewhere that it helps minimize loss but I was like "What?. Good to minimize loss but how am I going to make money with that lot size"?. Can only use such lot size when i start testing out gold until I'm ready to swoop in on it.
Retracements sometimes gives black eye like you said but a Deep retracements can be guarded against with "stop loss", I like to give a trend breathing space for retracements as a well behaved retracement can bring in good pips when it shoots up but I already learnt my lesson from giving too much room (stop loss that is a bit further in distance)-----on that note let me even find out something from the house. Please I read from an expert somewhere that the best "stop loss" distance to give is 5 pips away, what stop loss distance will you guys suggest for one?

omaojo1:

Every man with his own, it is not an ironclad thing. If yours is using reasonable lot sizes like you stated, it is better using a tight SL. If I'm always around my screen, I don't see why I should even use a SL, I rather hedge the trade. But for time, I would have elaborated further.

BTW, love your spirit of learning this biz.