Fxwarrior:


How far?

The candle stick closed as a doji which signifies indecision between the sellers and the buyers. This is not what i would call a confirmation that the market is still in bears even though I know that gold is long overdue for a retest to the 2212 and possibly 2145 area, we can only be sure if next month closes below or immediately the 2285 is broken but of course as a day trader, I'll be making use of lower time frames for my trades while waiting for the confirmation.

Cashhy11 funny enough I read that y'day in forex factory, I don't know what carry me there.

Hi

Slimtuns:

The candle stick closed as a doji which signifies indecision between the sellers and the buyers. This is not what i would call a confirmation that the market is still in bears even though I know that gold is long overdue for a retest to the 2212 and possibly 2145 area, we can only be sure if next month closes below or immediately the 2285 is broken but of course as a day trader, I'll be making use of lower time frames for my trades while waiting for the confirmation.

So what type of doji is it? Bullish doji?

Fxwarrior:
Hi

So what type of doji is it? Bullish doji?

I believe that's a long-legged doji

Donsheddy:
Second withdrawal done and successful...
Na daily bread i need for now...
Na you dey find money to use buy Benz 🏃‍♂️🏃‍♂️🏃‍♂️

congrats boss. Smart move indeed

LincolnOnyeabor:


Opened one GU sell this morning and Price did like 1:1.5 before retracing back to my SL.

Omo, which way man wan come follow for Trading na
Na Cent Account sha

there's a little PDF written by traderdavy, it might be of help. lemme know if you need it. Its not strategy related, but uta really good.

OfficialP:


there's a little PDF written by traderdavy, it might be of help. lemme know if you need it. Its not strategy related, but uta really good.

Yes please.

I'd really appreciate it sir.

OfficialP:


there's a little PDF written by traderdavy, it might be of help. lemme know if you need it. Its not strategy related, but uta really good.

I'd really like that sir.

one of the easiest strategies to make money in fx, and do RR 1:3 or 4 is to jump into spotting this type of simple set-up whenever you see it:
SIMPLE ENGULFING REVERSAL/BREAKOUT PATTERN in the areas of SR especially indicators that come with alert.
Despite the fact that i have known this for years, and it comes every day in any setups even in multiple folds, gold, index, fx, watever, we always neglect it. This is one of the AA set-ups that a friend that is 7 figures funding and more than 200k payouts repeated to me in recent times. He said just KISS and it will come to you. Most times you cant be wrong.

PriceActionZ:
one of the easiest strategies to make money in fx, and do RR 1:3 or 4 is to jump into spotting this type of simple set-up whenever you see it:
SIMPLE ENGULFING REVERSAL/BREAKOUT PATTERN in the areas of SR especially indicators that come with alert.
Despite the fact that i have known this for years, and it comes every day in any setups even in multiple folds, gold, index, fx, watever, we always neglect it. This is one of the AA set-ups that a friend that is 7 figures funding and more than 200k payouts repeated to me in recent times. He said just KISS and it will come to you. Most times you cant be wrong.

That's evening star pattern I think.

pipfisher:

No, not Nick Shawn. I don't really take anything from forex tubers serious, most of them are fake gurus. I will go back and check the man's name. The man should be in his 60's.
Well on average my entry gives me a little bit above 1:1 if their is opportunity to enter at a better premium price. That been said, if after 2 months of testing and I am still seeing positive result, why should I scale up? The forex market is about consistent profits.

I was a staunch 1:1rr trader about two months ago, but after achieving the consistency I craved for, I increased to 1:2rr now at least. And this has made me more profitable than when I was doing 1:1rr.

Look at these trades I took on AU yesterday. The first one stopped me out, when I saw another signal to long, I did and it returned 1:2.2rr. I could have targeted my initial TP for the first failed trade which would have been around 1:5rr but I didn't want to be greedy for two reasons.

Firstly, the Asian session was about closing, because the second signal came late around 5:30am or thereabouts. So hoping for it to do 1:5rr before the session closure is logically impossible when there's no red news.
Secondly, I don't trade AU during the London session.

I would have been at breakeven yesterday if I was still doing 1:1rr, if calculated with the commission on the lot size, that's a little negative over there. I'm even planning on going 1:4rr soon based on results I've been getting on my trades.
Just trying to let you see from another angle boss, since that was how I traded also just few months ago.

PriceActionZ:
one of the easiest strategies to make money in fx, and do RR 1:3 or 4 is to jump into spotting this type of simple set-up whenever you see it:
SIMPLE ENGULFING REVERSAL/BREAKOUT PATTERN in the areas of SR especially indicators that come with alert.
Despite the fact that i have known this for years, and it comes every day in any setups even in multiple folds, gold, index, fx, watever, we always neglect it. This is one of the AA set-ups that a friend that is 7 figures funding and more than 200k payouts repeated to me in recent times. He said just KISS and it will come to you. Most times you cant be wrong.

As for me it even hard, finding reversal I don't chase reversals, I'm simply a trend follower, simplest will be look at silver it gives you higher RR two Three candle stick is ok since I have made 20r before, you can even get 30r if you are lucky cause I have gotten 20r on two trades

So you find a trend before London session, then enter it, first confirm the trend of DXY really important especially on a Red News day but before the news on silver target 2r or even 3r but 2r is the best am telling you just try it, small move from your entry has given you 2r, but identify the trend before London session backtest it and come back.

JasonNOTStatham:
Cashhy11 funny enough I read that y'day in forex factory, I don't know what carry me there.

That's my second home now, too many crazy traders on that forum, and extremely intelligent ones as well.

LincolnOnyeabor:

I'd really like that sir.

is d email in your signature active?

Luada:


As for me it even hard, finding reversal I don't chase reversals, I'm simply a trend follower, simplest will be look at silver it gives you higher RR two Three candle stick is ok since I have made 20r before, you can even get 30r if you are lucky cause I have gotten 20r on two trades

So you find a trend before London session, then enter it, first confirm the trend of DXY really important especially on a Red News day but before the news on silver target 2r or even 3r but 2r is the best am telling you just try it, small move from your entry has given you 2r, but identify the trend before London session backtest it and come back.

Yes, trend trading in London season is good , I prefer Dax when German market opens, it is always smooth ride many times especially after the first 30mins.

obajoey:


That's evening star pattern I think.

Very Similar though but not exactly.

OfficialP:


is d email in your signature active?

Yes boss.

PriceActionZ:

Yes, trend trading in London season is good , I prefer Dax when German market opens, it is always smooth ride many times especially after the first 30mins.

When I noticed that was when trading oil, and usually gets 1.5r then noticed silver gives high RR so used the method especially on volatile days aim 3 to 6r sometime 10r on red day's or after one.

LincolnOnyeabor:
Yes boss.

sent

OfficialP:


sent

Alright thanks

Let me go check it out

FX:
Hello House Good day, I want to buy an account with a good prop firm. Please someone should recommend a good prop firm for me as a swing trader from Nigeria. A good prop firm without too many rules and with fast withdrawal service. Thanks

ftmo is good. I think it have a prop firm for swing traders. So go for it

Donsheddy:
Second withdrawal done and successful...
Na daily bread i need for now...
Na you dey find money to use buy Benz 🏃‍♂️🏃‍♂️🏃‍♂️

Bro please can you tell me more about this FundedNext, I want to buy their stellar lite account of $5k

FX:
Bro please can you tell me more about this FundedNext, I want to buy their stellar lite account of $5k

It cost $32 but if you want to be withdrawing bi-weekly it's $35

Hello everyone, as Q2 has ended and Q3 kicks off tomorrow, I wish every upcoming traders an edge and also a very successful quarter ahead📈📈📊📊

Also time to hit Bloomberg news to see what's happening it's been a while.

Luada:

It cost $32 but if you want to be withdrawing bi-weekly it's $35

Ok thanks

Lots of setup looking very good for instant entry at market opening but man has vowed not to trade on Mondays again.. This two setups looks valid but I'm staying disciplined... Monday traders can take the risk

Cashhy11:
I was a staunch 1:1rr trader about two months ago, but after achieving the consistency I craved for, I increased to 1:2rr now at least. And this has made me more profitable than when I was doing 1:1rr.

Look at these trades I took on AU yesterday. The first one stopped me out, when I saw another signal to long, I did and it returned 1:2.2rr. I could have targeted my initial TP for the first failed trade which would have been around 1:5rr but I didn't want to be greedy for two reasons.

Firstly, the Asian session was about closing, because the second signal came late around 5:30am or thereabouts. So hoping for it to do 1:5rr before the session closure is logically impossible when there's no red news.
Secondly, I don't trade AU during the London session.

I would have been at breakeven yesterday if I was still doing 1:1rr, if calculated with the commission on the lot size, that's a little negative over there. I'm even planning on going 1:4rr soon based on results I've been getting on my trades.
Just trying to let you see from another angle boss, since that was how I traded also just few months ago.

I don't treat trading as something that starts and ends in a day.
My aim is being profitable at the end of the week or at least in two weeks. If going break even is what I achieve, definitely I will still make it up. I traded CHFJPY buy and took profit and sold same and took profit because I did 1:1. If I had aimed for 1:2. I would still be hovering around with the trade.

pipfisher:

I don't treat trading as something that starts and ends in a day.
My aim is being profitable at the end of the week or at least in two weeks. If going break even is what I achieve, definitely I will still make it up. I traded CHFJPY buy and took profit and sold same and took profit because I did 1:1. If I had aimed for 1:2. I would still be hovering around with the trade.

I can say 1r is easy to get aiming 1r isn't stable at all at least a 1.5.

If you are a commodity trader like gold and silver you would know on a Red day during London session 2r up is easy to get

Luada:

I can say 1r is easy to get aiming 1r isn't stable at all at least a 1.5.

If you are a commodity trader like gold and silver you would know on a Red day during London session 2r up is easy to get

For xauusd trades 1:2 is easy truly. EURAUD and GBPAUD are always good at delivering 1:2 based on look at back. That been said, the target is strictly 1:1 for all trades but some come out at 1:1.3 or 1.5

@pipfisher. No one here really treats trading based on daily returns only. But the daily results are what turns the weekly results which later shows on monthly performance.

I currently aim for just 50% win rate now even though I'm around 70%. So I trade without worries now when I know winning just 10 out of 20 trades is gonna put me at a very huge profit at the end of the month. Now imagine winning 15 out of 5 with a 1:2rr.

When I was trading a 1:1 then, I was always cautious of my entries because one loss means I had to win twice which put a little pressure on me trading then. Was just trying to let you see it can be improved on a lil bit. But it's fine if you're good with the current system.

Cashhy11:
@pipfisher. No one here really treats trading based on daily returns only. But the daily results are what turns the weekly results which later shows on monthly performance.

I currently aim for just 50% win rate now even though I'm around 70%. So I trade without worries now when I know winning just 10 out of 20 trades is gonna put me at a very huge profit at the end of the month. Now imagine winning 15 out of 5 with a 1:2rr.

When I was trading a 1:1 then, I was always cautious of my entries because one loss means I had to win twice which put a little pressure on me trading then. Was just trying to let you see it can be improved on a lil bit. But it's fine if you're good with the current system.

Well, I am testing the 1:1 thing to see If it's gonna give me a Positive result after 1 month. I will switch to it. I want to beat slippages and manipulations that comes with Prop accounts, I can only achieve that by using a reasonable SL. So for my SL which is average of 40pips, 1:1 is way easier to achieve that 1:2

pipfisher:

Well, I am testing the 1:1 thing to see If it's gonna give me a Positive result after 1 month. I will switch to it. I want to beat slippages and manipulations that comes with Prop accounts, I can only achieve that by using a reasonable SL. So for my SL which is average of 40pips, 1:1 is way easier to achieve that 1:2

You've said it all. 40pips is definitely way easier to achieve than waiting on 80pips as a day trader without some annoying reversals that comes with different sessions biases.
All the best big man.