It's been a while here. My open trade

femora007:
It's been a while here. My open trade

Welcome back.
Where have you been? I hope you are fine.
Cheers!!!

My brother I am here for the likes of you, even if Trump hires me, they would need to add the clause that I can still share trades on here. Now in summary, the safest way to trade is to always allow for a retest before entry, that's a very strong filter because a lot of times market makers wipe out weak accounts with false breaks and then continue in the correct technical direction.
But that way you don't take as many trades as you ought to but at least you take more winning trades. So its basically an intuition thing. Like today I made a bit more than i expected to so i would not have waited to retest before i joined the trade. Hope I'm clear a bit at least. I really am not the best in making highly comprehensive statements but I learn daily.

MrUnder:


When do you choose to wait for retest or not to wait for retest?

Hello Traders,

Let's hit the charts...


NZD/JPY on the daily chart seems to be on bullish steroids.

A breakout of key resistance level 70.411 may further send price to the next possible resistance level (72.287) before the trading week comes to an end.

All we have to watch out for a pull-back and a bullish entry upon confirmation.

What are your thoughts?

infofirst:
And most importantly, @saxy4c @bojbest do not be arrogant, proud nor forget your mission in this business. Never forget money and risk mgt.
If you maintain your calm, you will be surprised at what you will have become in 13 years to come in this business. The opportunitties are limitless. Trust me, if you keep up this way, in 13years to come, you will not be running after any body for months to invest #200, 000 with you.

@bojbest trades hitting sl means nothing. It's part of the business. When you are good you are good. And for sure, we keep learning everyday

Okay boss.

The moves today made me fearful.
Closed my EU buy Uchf sell positions.

Only active trade, usdcad short. Sl at 1.33100

CadJpy later dropped.
Positions I’m looking to enter:
Audusd and more short on usdcad if I’m on the right side.

bojbest:
The moves today made me fearful.
Closed my EU buy Uchf sell positions.

Only active trade, usdchf short. Sl at 1.33100

CadJpy later dropped.
Positions I’m looking to enter:
Audusd and more short on usdcad if I’m on the right side.

The change of psychology at play right? It shall pass. We will be all alright.

saxy4c:
My brother I am here for the likes of you, even if Trump hires me, they would need to add the clause that I can still share trades on here. Now in summary, the safest way to trade is to always allow for a retest before entry, that's a very strong filter because a lot of times market makers wipe out weak accounts with false breaks and then continue in the correct technical direction.
But that way you don't take as many trades as you ought to but at least you take more winning trades. So its basically an intuition thing. Like today I made a bit more than i expected to so i would not have waited to retest before i joined the trade. Hope I'm clear a bit at least. I really am not the best in making highly comprehensive statements but I learn daily.

Kindly shed more light on the makert maker concerns with weak accounts

So I think I can harness the Asian session and Nzdjpy sell 71.00 sl 71.350 tp 70.000. Risking 3% for 10% on this one.

THExxCRAFTERxx:
Hello Traders,

Let's hit the charts...


NZD/JPY on the daily chart seems to be on bullish steroids.

A breakout of key resistance level 70.411 may further send price to the next possible resistance level (72.287) before the trading week comes to an end.

All we have to watch out for a pull-back and a bullish entry upon confirmation.

What are your thoughts?

Especially with the failed pinbar and the strong breakout . The Bulls now looking like "Here we come". Pull back will be a great way to enter upon confirmation incresing R:R

saxy4c:
So I think I can harness the Asian session and Nzdjpy sell 71.00 sl 71.350 tp 70.000. Risking 3% for 10% on this one.

Smart eyes boss MI. . Hunhun.. Am following you in this... 70.86 I met.... Then 70.16 tp no sl.

I think you meant only active trade is USDCAD, I'm also in that trade.

bojbest:
The moves today made me fearful.
Closed my EU buy Uchf sell positions.

Only active trade, usdchf short. Sl at 1.33100

CadJpy later dropped.
Positions I’m looking to enter:
Audusd and more short on usdcad if I’m on the right side.

This is the reason to always use your STOPLOSS.
it can save a......
FOREX TRADING COMMANDMENT 101 SECTION 1.0

Rule 1>> always Use StopLoss
Rule 2>> Don't forget Rule 1

saxy4c:
I think you meant only active trade is USDCAD, I'm also in that trade.

Yes Boss.

Love your calls and will like to learn from you. Can I snd a dm?

Me wey done send you DM tey tey, you are doing awesome already man!

bojbest:


Yes Boss.

Love your calls and will like to learn from you. Can I snd a dm?

SayDeeJay:


Welcome back.
Where have you been? I hope you are fine.
Cheers!!!

I'm fine thanks and you?

Now this is how the forex market works in simple terms. There are retail traders and then institutional traders. Retail traders, often referred to as individual traders, buy or sell securities for personal accounts.

Institutional traders buy and sell securities for accounts they manage for a group or institution. Pension funds, mutual fund families, insurance companies, and exchange-traded funds (ETFs) are common institutional traders.

These institutional traders are the ones I call the market makers because it is their funds that move the market. Retail traders like you and I that have to go through a broker make up only about 10% of the market and the worse part is that only about 1-3% of retail traders make actual profits in the long run. Did I make some sense?

jammer777:


Kindly shed more light on the makert maker concerns with weak accounts

I still dont know how to do this magic of no sl, it's only bosses that do this. I am still loyal lol.

infofirst:


Smart eyes boss MI. . Hunhun.. Am following you in this... 70.86 I met.... Then 70.16 tp no sl.

saxy4c:
Now this is how the forex market works in simple terms. There are retail traders and then institutional traders. Retail traders, often referred to as individual traders, buy or sell securities for personal accounts.

Institutional traders buy and sell securities for accounts they manage for a group or institution. Pension funds, mutual fund families, insurance companies, and exchange-traded funds (ETFs) are common institutional traders.

These institutional traders are the ones I call the market makers because it is their funds that move the market. Retail traders like you and I that have to go through a broker make up only about 10% of the market and the worse part is that only about 1-3% of retail traders make actual profits in the long run. Did I make some sense?

Don't you think its kinda funny when you think the market makers are always out for the 10% funds of retail traders?

Choose your ENVIRONMENT and FRIENDS wisely

Good morning, I won't say they are out for the retail traders, but they get easy money from individual traders who fall for their gimmicks.

jammer777:


Don't you think its kinda funny when you think the market makers are always out for the 10% funds of retail traders?

Adding to this gold sell here at 1466.5, same sl. Tp would be around 1458 for both.

saxy4c:
Closing both gold trades at 1464, total 150pips. I didnt expect such a quick move. Maybe news or some other stuff I don't concern myself with. Selling gold now again at 1463 sl 1470 tp open.

GBPUSD Selling 1.2992 SL : 13022 TP : open
Also Gbpcad sell 1.7275 Sl 1.7380 Tp 1.7000
Sell Audcad 0.9107 SL 0.9150 TP 0.8965

I Would be posting a bit more of these low pips sl of between 20 to 30pips for at least 100pips tp. Hope this strategy helps those with small accounts.

I would place stop at 1471 to avoid being stopped at round figures, and with all this news about war and massive drop in equities, looks like gold would turn bullish above 1470.

saxy4c:
Adding to this gold sell here at 1466.5, same sl. Tp would be around 1458 for both.

saxy4c:
Good morning, I won't say they are out for the retail traders, but they get easy money from individual traders who fall for their gimmicks.

Well done

Thanks sir.

jammer777:


Well done

I hope EJ is going for it's own TP after UJ hit target. It is running in about 40pips profit now. Manage trade as you please.

saxy4c:
Not usually a monday trader, but I'm tempted not to pass up on prior anticipated levels



EURJPY SELL 120.80 SL 121.50 TP 119.20
Usdjpy sell 109.55 SL 109.72 TP 109.160

I would try to add charts to some of my trades so some newbies can pick up a thing or two on how to trade successfully by keeping it as simple as possible. The beauty of clean charts. And please if it seems I'm beginning to litter the thread, let the Mods kindly let me know, I dont like being banned!

femora007:
It's been a while here. My open trade

adjust sl to 0.8580

My eyes on EU sell tp will be the previous low on daily tf

PipMarshall:


Remember eurnok?
I expect more.
I do think we still have a long way to go.
Stops still under.. That's why they are not showing in the picture.
Let's help our dear eurnok.

EURNOK calls for my attention again .

Asks for more support.
Here is where I look to help.
Maybe I can get additional positions.

I'm buying EURGBP 8520 sl 8500 tp open
Buying eurnzd 6975 sl 6947 tp 7125

Gold has hit sl of 1471, buying at retest of broken resistance now support at 1468 to target 1480 and then 1500.

Also selling GJ final try this week at 141.45 sl 141.90 tp open.

saxy4c:
I would place stop at 1471 to avoid being stopped at round figures, and with all this news about war and massive drop in equities, looks like gold would turn bullish above 1470.