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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 20 (561208 Views)
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Re: Forex Trade Alerts: Season 20 by Chrbhny: 12:42am On Nov 27, 2020 |
Chrbhny:someone help me please |
Re: Forex Trade Alerts: Season 20 by IMAliyu(m): 1:15am On Nov 27, 2020 |
Chrbhny: anyone with a good reputation. fbs, hotforex, xm. Etc. You could read user reviews and pick one. |
Re: Forex Trade Alerts: Season 20 by TheYoda: 1:56am On Nov 27, 2020 |
Gaud and ChfJpy brewing, you can let the market show its hands first. |
Re: Forex Trade Alerts: Season 20 by Nobody: 6:23am On Nov 27, 2020 |
Good news is the UCHF is doing exactly as expected...currently @22.0 pips, still riding 1 Like 1 Share
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Re: Forex Trade Alerts: Season 20 by Crixxx: 6:48am On Nov 27, 2020 |
Pipsbasketings: ![]() 1 Like |
Re: Forex Trade Alerts: Season 20 by Santsal: 11:14am On Nov 27, 2020 |
Chrbhny:TICKMILL FOREX BROKERS |
Re: Forex Trade Alerts: Season 20 by Neroiam(m): 12:49pm On Nov 27, 2020 |
EURGBP, Daily use buy limit in key support areas (low tf advised) 1 Like
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Re: Forex Trade Alerts: Season 20 by docus: 1:17pm On Nov 27, 2020 |
Nice short entry
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Re: Forex Trade Alerts: Season 20 by kkins25(m): 2:54pm On Nov 27, 2020 |
So after being kicked out of the Xmas Contest, i have done some analysis of myself and have pinpointed the reasons for blowing half my account. 1) Too many charts: In terms of Focus, my eggs were spread through too many baskets. Making them insignificant. Since am still a juvenile trader, ive decided to follow just a few charts and trade just one at a time. 2) Falling for the Big Banks: i usually get stopped out just before the trade went my direction. when i was trading my plan, i didn't not factor in the fact that i was in battle with geniuses who knew exactly where i might put my SL... 3) Time frame beats Trading Plan: i was trading on the H1 TF. I Didn't factor-in the condition of the market on the short term. i was intra-day trading but was taking the contest of the overall market structure whiles ignoring the context of the immediate market conditions. so my mistake was making plans for the Long-run instead of the short term. Meaning even though my trading plans were OK for the long term, my small account size and position of entry/SL were not fit for the long run. hence making my SL an easy target for the big banks... 4) No patient to wait for favorable market entry conditions: when i missed a particular entry signal, i still enter with high odds of a ridiculous RRR, making my losses even more large. i should have waited for the market to provide another opportunity.. 5) Reversal trading, an easy way to lose money: Reversals are the Big Banks deadliest weapon. it is way easier to SL hunt when the market is about to reverse or pretending to reverse. i lost the most when i was trading reversals. 6) Market moves in three direction not two: i often forget that the market can not only go bullish or bearish but also range-ish. 7) there is only good and bad execution, leave Hope out of it: Hope is a double edged sword with the edge facing you being the most deadly. When the market says 'A', make adjustments and plans for 'A' Dont Hope for 'B'. ![]() 9) Finally, "THINKING BIG IS BEING GREEDY": Dont try to take from the more from the market than what it can give. 10) finally! finally!!, Think like the big banks not a Trader. Because at the end of it all, it is those that understand how the big banks operate that would be successful traders.. 12 Likes 1 Share |
Re: Forex Trade Alerts: Season 20 by Karleb(m): 3:07pm On Nov 27, 2020 |
I can assure you the reason you got kicked out is because of the target. The target puts you under pressure, even when you make 13 percent you still feel like you have not achieved your aim. Which was the reason for the contest in the first place. Even the so called big banks make losses too. Losing out in a contest doesn't make you a bad trader though. 3 Likes |
Re: Forex Trade Alerts: Season 20 by docus: 3:17pm On Nov 27, 2020 |
kkins25: DON'T EVER FORGET NO6, TRADERS OFTEN LOOSE MONEY DURING RANGE PERIODS. 1 Like |
Re: Forex Trade Alerts: Season 20 by docus: 3:21pm On Nov 27, 2020 |
Nice break from bear flag
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Re: Forex Trade Alerts: Season 20 by Nobody: 3:49pm On Nov 27, 2020 |
Done for the week; very hectic. 1 Like |
Re: Forex Trade Alerts: Season 20 by Nobody: 4:03pm On Nov 27, 2020 |
In fact, you did very well bro; I saw how persistent you have been in this trading period. You did well... ![]() ![]() ![]() Mrbillionaire: 2 Likes |
Re: Forex Trade Alerts: Season 20 by kkins25(m): 4:05pm On Nov 27, 2020 |
here is my plan for the EURUSD Market is at a place the Big banks Love so i would be threading carefully... Day Trading/Swing Trading. #Immediate Market Context: 1)Sideways micro Channel in a major channel- in a Bullish-ish Trend/ 2) Market reversing after a double bottom( On the wider range channel) #Trading methodology for channel: Sell at top or Buy at bottom of channel a)wait for confluences of indicator signal with price action b)formation of reversal pattern('double top", "climatic buy then reverse" at extreme bottoms or tops of channel c)Volume increase # LONG RUN-Trading methodology for Bullish trend resumption: Channel may be as a result of profit taking/fundamentals a)Market may resume bullish trend, b)Formation of higher high above resistance zone wait for market to break and retest Resistance of channel. c)wait for market to break and retest Resistance of channel. d)Cannot rely on indicators. Price action and volume only. e) marabozu candles with no wicks at the top and little at the bottom. f) consolidation of the breakout with low momentum bearish bars. #LONG RUN- Trading methodology for Reversal: Bullish trend may be a retracement of original Bearish trend. Bearing fundamentals in mind too. a) break of; bottom of channel, 100EMA with marabozu bear candles, with low momentum bull consolidation candles. b) confluence of EMA, Price action and indicators. c) Wait for New lower high and lower lows to form to confirm new bearish trend. 2 Likes
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Re: Forex Trade Alerts: Season 20 by Nobody: 4:07pm On Nov 27, 2020 |
Pipsbasketings: Thanks. 1 Like |
Re: Forex Trade Alerts: Season 20 by Theyoungmaster(m): 5:28pm On Nov 27, 2020 |
businessnoni: You've said it all. "Hoping for a trade to turn around is more deadly than being wrong" I'm a victim of this. last week, I did my analysis on gold and went long. stuff turned 30 pips against me after 3 hours. I felt overconfident in my strategy that twill turn around. before I could say "sai baba", I was 800 pips neck deep in loss! Thanks to fundamentals. my contest account was wiped. it ended in premium tears. I'm grateful for learning this lesson on demo. To my fellow newbies, slow and steady wins the race. modified: and avoid metals if your equity is less than $200. That yellow metal especially is weapon of mass destruction. To my bosses, @pipsbasketing, @wallstreetfx, @neroiam, @feshizzy, I'm up for adoption. Teach me! break me! abeg! 7 Likes 1 Share |
Re: Forex Trade Alerts: Season 20 by Nobody: 5:34pm On Nov 27, 2020 |
Bolded..... ![]() ![]() ![]() Theyoungmaster: 1 Like |
Re: Forex Trade Alerts: Season 20 by djwalata(m): 5:40pm On Nov 27, 2020 |
djwalata:Perfect buy so to say.
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Re: Forex Trade Alerts: Season 20 by ichidodo: 5:42pm On Nov 27, 2020 |
Is it me? or am I the only person who trades on hope even when the market goes the other way... Heck I Don't even trade with stop loss with my live account..Ended that sh**t long time ago yet I have never been so confident doing this biz at any other time than now..I believe the markets goes short to go long later on and vice versa..I have seen these time and a time and a times..it's almost predictable..I guess the question is..Do you have the liquidity ,time and the cojonés to see how deep the rabbit hole goes?.. Note: Please in the name of God put your stop losses down in every trade especially as a newbie. |
Re: Forex Trade Alerts: Season 20 by djwalata(m): 5:45pm On Nov 27, 2020 |
djwalata:GBP is falling already. Silver's close tonight will decide whether d sell will continue or not. Happy trading. |
Re: Forex Trade Alerts: Season 20 by Theyoungmaster(m): 5:45pm On Nov 27, 2020 |
Pipsbasketings: I messed up big Time. I'm sure you noticed it. PS. sir, is there any way you can take me under your wings? Maybe via whatsapp, fb, telegram profits email.... I'm ready and willing. I promise you to be humble and teachable. I need to be more profitable than I am in this business. Thanks in anticipation. |
Re: Forex Trade Alerts: Season 20 by djwalata(m): 6:00pm On Nov 27, 2020 |
djwalata:EURGBP closed at 0.8980 Will likely retrace back to around 0.8950/57 before 7pm(4tf) b4 d buy continues. If it doesn't fall to dt b4 7pm, buy shouldn't b encouraged till it meets dt area because it is overstretched already. |
Re: Forex Trade Alerts: Season 20 by ogashman(m): 6:00pm On Nov 27, 2020 |
Contest account blown three days ago I'm really ashamed saying this, after making a whooping 100% percent in the 1st trading period only to lose everything the second period. The most important part for me were the lessons learnt. I will keep learning until I start getting it right...na who give up fkup 2 Likes |
Re: Forex Trade Alerts: Season 20 by ichidodo: 6:11pm On Nov 27, 2020 |
Top Iranian nuclear scientist assassinated not quite long ago.....Trust the markets to go ballistic at this time.. |
Re: Forex Trade Alerts: Season 20 by Nobody: 6:13pm On Nov 27, 2020 |
In fact, I'm so much proud of you guys. You all have made the ongoing contest a learning ground, though demo but live in its context. I'm sure it must have opened your eyes to existing/possible mistakes/error and for possible corrections. It is a learning ground, unlearning, learning and relearning platform. For all who are out of the contest, pls do like kkins25, theyoungmaster and ogashman, tell us about your journey in the contest. Regards 3 Likes 1 Share |
Re: Forex Trade Alerts: Season 20 by doyinisaac(m): 6:28pm On Nov 27, 2020 |
djwalata:do you think that the bullish trend will continue?? |
Re: Forex Trade Alerts: Season 20 by Nobody: 7:09pm On Nov 27, 2020 |
Contest Update: 15/Nov/2020 --- 28/Nov/2020 4 out of 7 made it to the next trading period. Only the shown monikers will be moving to the 3rd trading period, semi-final: 29/Nov/2020 --- 12/Dec/2020 3 Likes 1 Share
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Re: Forex Trade Alerts: Season 20 by djwalata(m): 7:11pm On Nov 27, 2020 |
EURNZD bought at 1.7000, SL at 1.6930. Bullish divergence on a daily tf. |
Re: Forex Trade Alerts: Season 20 by TAGM(m): 7:11pm On Nov 27, 2020 |
Neroiam:Pro sighted 1 Like |
Re: Forex Trade Alerts: Season 20 by djwalata(m): 7:14pm On Nov 27, 2020 |
doyinisaac:Weekly tf says buy will continue. |
Re: Forex Trade Alerts: Season 20 by Jmarjr(m): 7:17pm On Nov 27, 2020 |
Pipsbasketings: pls sir, can u be my mentor? Even if na whatsapp i dont mind pls sir. |
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