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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts / Discussions: Season 24 (273494 Views)
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Re: Forex Trade Alerts / Discussions: Season 24 by Petah(m): 7:29pm On Oct 09 |
blackman007:can i input my opinion? |
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 7:50pm On Oct 09 |
blackman007: www.learntotradethemarket.com 3 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by randy01(m): 8:32pm On Oct 09 |
blackman007:Problems with most trader is changing of strategy every week or month.no perfect strategy with 100% win rate.just try to stick to one and as you have shown interest in structure and liquidity.have you check out thisdax YouTube channel.his course have changed many.just six video course he upload people are dropping passed challenge prop account and payout certificate testimony on his Twitter channel every week. There's also chax the king maker.the latest video he upload is exactly how I have been trading for sometimes.it guarantee 1:5 when it hit TP.there is alot of poi in all this liquidity concept.order block,fvg, mitigation block,flip zone e.t.c just pick one poi and stick to it.i stick with order block since all this while and know different valid and invalid order block.just stick to one thing. And if you trade lower tf just stick to one or two pair.i use to have more than 30 pair on my watchlist but now I have only two.more pair are for high tf traders. You have been here for long so am sorry to say no technical analysis mentorship can help you cause you will know most things tutor is going to teach.just filter all you know already and stick to it.order block with confirmation entry is goated with 5rr for me. Work on your self brother.there is more to trading than technical analysis 8 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by LincolnOnyeabor: 9:56pm On Oct 09 |
Let's see what this can lead us to. Still learning and Refining my bosses 5 Likes
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Re: Forex Trade Alerts / Discussions: Season 24 by blackman007: 1:42am On Oct 10 |
Re: Forex Trade Alerts / Discussions: Season 24 by blackman007: 1:45am On Oct 10 |
randy01: Thank you sir |
Re: Forex Trade Alerts / Discussions: Season 24 by Petah(m): 5:46am On Oct 10 |
blackman007:okay sir, Based on what I have read, you uave consumed a lot of information. What you need is to unlearn most of what you have learnt. It is not just about knowing the concept, you are struggling with applying correctly and this is more of a MENTAL thing than technical analysis. You said and I quote you don't have the patience to hold trades. But everything involves*holding* be it a scalper, day trader or swing trader. Also, the pair you trade can have it part in your progress in this business. 6 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by Petah(m): 6:11am On Oct 10 |
blackman007:also, sticking with one pair to understand it, can ease the journey. Jumping from pair to pair isn't healthy psychological and your account will suffer. I used to do this. I will make money on EU and give it back to Xauusd. I just made up my mind chose one pair. And I told myself I won't trade gold again. Even though now I am better than I was then, I see my setups on Gold but I don't take it. Why, because the pair is not in my trading plan. The most important of all, which trader do you wanna be? Scalper, day trader or swing? 3 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 6:27am On Oct 10 |
AudNzd has picked my stop... One of the reasons I hate set and forget style. I'm still bullish and will be looking for opportunities to buy again.
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Re: Forex Trade Alerts / Discussions: Season 24 by Moneyman100(m): 6:49am On Oct 10 |
Greetings! House; Fundednext website does not open on my phone each time I try it, am I the only one experiencing this? |
Re: Forex Trade Alerts / Discussions: Season 24 by OneMillionBTC: 6:53am On Oct 10 |
blackman007: Some persons traded for over 15 years, 10 years, 5 years, and 1 year before they started making consistent profit from the market. We all have our journey to take and it doesn't have a normal fixed time. I think you are on the right path though. One thing we should start working on right away to increase your profitability is your win-to-loss ratio. I can see you are paying attention to risk to reward ratio, now add win to loss ratio . What I mean is, find a way to remove trades that don't give you profit. Keep removing such trades until there is none left to remove. Imagine you are in a trade that has a risk to reward ratio of 1:4 and this trade has a 98% chance to be profitable, and you can do this all the time. To show you more practically what I am saying, for your sake I will drop my next 2 trades here. If you can dedicate an account to follow them you will make some good money. 6 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by CaptainJune: 6:57am On Oct 10 |
blackman007: I took almost an hour writing a reply to this and just as I was about to conclude I accidentally erased them... Annoying. |
Re: Forex Trade Alerts / Discussions: Season 24 by JasonNOTStatham: 6:58am On Oct 10 |
Moneyman100:Sometimes I get that verification check (prove you are not a robot), it happens with chrome. You might want to try other browsers |
Re: Forex Trade Alerts / Discussions: Season 24 by CaptainJune: 7:00am On Oct 10 |
Moneyman100: It opens on mine. Just checked now. May be from your phone browser. |
Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 7:05am On Oct 10 |
Moneyman100: If you're using Airtel it won't open... Use Mtn 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by TradingGod: 7:26am On Oct 10 |
Donsheddy:it does with opera mini |
Re: Forex Trade Alerts / Discussions: Season 24 by DXYY: 7:27am On Oct 10 |
@blackman007, @jendoslim and @Ibrahimlagosian This is my own opinion I think you need to find a mentor a profitable one, mentors are there for upcoming forex traders to be able to shorten there learning span, find a mentor that suits or trade how you will like to trade I.e either swing or scalping, and start practicing now to find this mentor is up to you, one way to get a mentor is do not trust a mentor that sells only courses or post only profits without giving trade calls. Let them practicalize what they preach, Show life signals. Once you get a good mentor all that will be left is practice practice and practice it might take a while before you get it and you might even be questioning the mentor but do not relent keep practicing with time you too will become your own boss. 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by Aremolekunowo(m): 7:30am On Oct 10 |
Donsheddy:Yes you are right only mtn or use vpn if you are using only sirtel |
Re: Forex Trade Alerts / Discussions: Season 24 by blackman007: 8:05am On Oct 10 |
OneMillionBTC: Thank you so much sir, indeed FTA is a blessing, I’m so happy I’m getting the help I desperately need.. 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by blackman007: 8:09am On Oct 10 |
DXYY: Sir I really appreciate your reply, but getting that mentor is very difficult for me, because if I’m not mistaken, I have paid over 10 mentors in the course of 5 years, what I noticed was that they are only interested in the money they want to get for mentorship, after which they teach basics which I can get for free on YouTube and that’s all… they’ve not been so helpful….I don’t know how to identify a real mentor, with my experience in the market, I think I need a little bit of adjustments here and there and I should be alright….I don’t know |
Re: Forex Trade Alerts / Discussions: Season 24 by blackman007: 8:10am On Oct 10 |
CaptainJune: Aww …. Wish I can get the reply, what are we going to do now?? |
Re: Forex Trade Alerts / Discussions: Season 24 by blackman007: 8:13am On Oct 10 |
OneMillionBTC: Sir, are you a swing trader or a day trader? And what method do you use? You don’t have to give full details about your strategy.. |
Re: Forex Trade Alerts / Discussions: Season 24 by OneMillionBTC: 8:36am On Oct 10 |
blackman007: Swing Elliot Wave |
Re: Forex Trade Alerts / Discussions: Season 24 by blackman007: 9:11am On Oct 10 |
Re: Forex Trade Alerts / Discussions: Season 24 by CaptainJune: 9:54am On Oct 10 |
blackman007: Let me try another way to recap what I earlier wrote with screenshots from other traders. Just gimme some time to do that.
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Re: Forex Trade Alerts / Discussions: Season 24 by CaptainJune: 10:29am On Oct 10 |
The other screenshot also talks about the same thing. Using the Interbank Price Delivery Algorithm (IPDA) is one way of generating a bias for your trades. I also suggested learning bias from RBV forex on youtube by True Lera also known as Alex. She made videos on how to determine weekly and daily bias. Another thing I suggested is focusing on the Central Bank Dealer's Range to determine the bias for the day. You may use any one of them but not two let alone all of them. Just focus on one. Improve yourself. Learn the information ICT did not given out through practice. There are many ICT ways to determine bias. Pick one or make a search for the one that suits you more. The most important thing is to STICK to one when you find it. Don't use IPDA today, CBDR tomorrow, RBV the next...that will spell failure. Being faithful to just one, in wins and losses, is the key to success. |
Re: Forex Trade Alerts / Discussions: Season 24 by successsam121: 11:34am On Oct 10 |
samfelly: God bless you oga Sam for this recommendation. @Blackman007 All what you need is Price action with SnR as you can find it on the link recommended above. That site will help you a lot Unlearn in order to relearn. Forget about all those YouTube rubbish. 80% of them are not profitable traders but fx hustlers. Start with daily tf. This will help you improve on your impatience and greed (5x on trades that you are not sure or confident about) and also over trading. Regardless of the strategy employed to make profit, always endeavor to make a withdrawal of 50% of profit made, at least. Pay yourself first because past performance doesn't guarantee future profit o. One can double or triple one's account in a month or less. It's doable but with right mindset. 4 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by blackman007: 11:41am On Oct 10 |
successsam121: Thank you sir, but I prefer structure and liquidity… anything that has to do with liquidity in line with the trend… |
Re: Forex Trade Alerts / Discussions: Season 24 by VeeVeeMyLuv(m): 12:54pm On Oct 10 |
blackman007:Psychological round numbers 0, 00, 000, 0000 |
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 12:57pm On Oct 10 |
randy01: Omo, that Dax guy just dey cash out, steady, while SAYing LESS 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 1:03pm On Oct 10 |
LincolnOnyeabor: Boss, you na Synthetics Odogwu o. Are these trades still running or you've close them? 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 1:12pm On Oct 10 |
Moneyman100: You and another person, out there, maybe the only one experiencing such. Opened at my end, sir
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