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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts / Discussions: Season 24 (176160 Views)
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Re: Forex Trade Alerts / Discussions: Season 24 by pipfisher: 11:08am |
Geovanni412:Well, what I can't say is if my decision was wrong or right. I have a strategy I am testing and I want to stick to that. There are certain ranges I expect price to hit base on history and it doesn't have anything to do with trend as there are reversals in every trend. It's still a Beta phase. What I am testing is not based on conventional knowledge. It's based on discoveries made while looking at the chart for years. I am not going to complicate it by bringing in unnecessary analysis that doesn't change nothing. People who make those analysis you mentioned still hit SL. I want my trading to be as simple as a primary 2 exam. The tweak I suggested is the only thing I will add to the test and see what the result will be. |
Re: Forex Trade Alerts / Discussions: Season 24 by pipfisher: 11:13am |
Cashhy11:No worries. You are actually right with what you said. For a verified strategy, making changes its not necessary if the failure is for a while. Just that for this strategy I am still working on it. |
Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 11:13am |
pipfisher: Do whatever works for you. |
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 11:16am |
BeginnerTrader: Chai, I need beat you. No bi you supposed make that kind mistake - na me and I mean it. But, nothing spoil sha. You got there before, you'll get there again. One day (step) at a time. Cheers!
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Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 11:19am |
zedegit: You are absolutely right on that. No bi fear |
Re: Forex Trade Alerts / Discussions: Season 24 by zedegit: 11:24am |
samfelly: The fear I dey talk be say. You take time analyze well everywhere good but when you come enter trade small move wey no even near your stoploss you fear close trade. Next 5 hours, BOOM trade don pass your target. E dey happen. |
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 11:35am |
zedegit: Yeah, this exact fear dey with many of us here (me included). This fear handle me to the extent that I shouted out here that henceforth I'll be doing Set n Forget 😃. One other funny wey come happen with that my set n forget was that the day I'll now actually take a trade and set n forget till TP, the market no go come go TP area, at all . Very bombastical element of a market 😂😂 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by pipfisher: 12:08pm |
Geovanni412:Yeah, that is what I am trying to do |
Re: Forex Trade Alerts / Discussions: Season 24 by Alexas58: 12:22pm |
I’m trying a short position on btc! For the next 4/7 hours ==> Let me see if I can grab liquidity at 60k We can see that we are still in a downtrend! This is a 4hr time frame 1 Like 1 Share
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Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 12:24pm |
I need vawulence 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 1:13pm |
Donsheddy: I dey with you on this. Peace can wait ✋️ till Monday
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Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 1:16pm |
Donsheddy:Ohk then do it |
Re: Forex Trade Alerts / Discussions: Season 24 by BeginnerTrader: 1:27pm |
You know you can pick one position and hold it till month end and make 10%. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 1:38pm |
Aremolekunowo:You see that Jpy pair is a devil and drawdown legend if caught at the wrong side. I learned heavily during Boss Infofirst competition last year. I hate erratic instrument, and that Jpy pair is the worst out there. Ordinary Jpy yellow folder news sef can spike up to 100pips and above in 1min. Imagine trading 1% of your account with 20pips SL. That's daily drawdowns already. If I would advise, I'd say just stick to one JPY pair, trading EJ, UJ and GJ all at once is synonymous to putting all those lots combined on just one of them. GJ is the most volatile amongst the three, so just pick it alone and let go of the rest. Having 3 opened positions simultaneously on JPY pairs is suicide if caught on the wrong side. It's even worse if you're trading like that on a prop account. Seems you are a swing trader, you're good to go with Jpy, just reduce the the simultaneous positions you have on them. Look at the screenshots below and see how similar they all looked. I drew those lines on Monday and only adjusted after CPI on Thursday, and see how they are all rejecting at supports on Friday. So taking them all because they gave signal is just similar to taking just one of them and put all the lots on it.
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Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 1:51pm |
Donsheddy:Ok then let do it |
Re: Forex Trade Alerts / Discussions: Season 24 by Alexas58: 1:52pm |
Eth is in a down trend in the 4hr time frame, first time it reached that high in the line, it dropped! It doesn’t have a good structure enough to take off that line in the next 5 hours, so we’ll take a sell position with an expiry time… if it doesn’t happen before 5 pm… we exit We just want to grab liquidity as fast as we can! We are going in heavy on any risk we take with specified stop loss in all
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Re: Forex Trade Alerts / Discussions: Season 24 by CaptainJune: 1:58pm |
Luada: Did you just fire shots at an innocent passer-by? |
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