pipmaster77: WARNING! WARNING!! WARNING!!![center][/center]

Traders should aware of when and how to change from one system into another. If you've not use a system for at least 6 months, your judgement of the system might be faulty. Why? Each system was developed for a particular market and do not be deceive of the people claiming that their system can trade all day long. There is no such system like that in the world of trading.

pipmaster77: WARNING! WARNING!! WARNING!!![center][/center]
Indicator this, indicator that. They all repaint. Why? Because today's market low/high may not exactly be tomorrow low/high and if you MM is not sound, you will justly wipe out your account before your dear indicator. I have bought so many systems and they all work but not in my own way because there is a way I always like to trade and any system that does not fit that style is not good for me and that does not say the system is not good.

pipmaster77: WARNING! WARNING!! WARNING!!![center][/center]If you have system that trade well when market is trending and you recognize that, you will make hell of money with it and you wouldn't be complaining and looking for another system when market enter sideways. If you are making money now in the market, ask yourself why am I making money with this system and profit from every signal the system generates? If you are able to answer this question, then you will not be confuse when the system start giving you bad signal.

pipmaster77: WARNING! WARNING!! WARNING!!![center][/center]You can do one of two things to overcome jumping from system to system. If you a conservative trader, you will simply stay out of the market your system was not designed for. Secondly, you can choose to have two to three systems in your library and know which one to use for a particular market but if care is not taking, you will end up being a loser because looking at different setup when you've not fully master one can lead to confusion and confusion always evaporate your account.

pipmaster77: WARNING! WARNING!! WARNING!!![center][/center]Calculate your RISK not your profit before you press buy or sell. When you discover amount of money you will loose if the trade goes bad, then choose either to stay out or reduce your lot size.

Just my view.

endfx1: Bears be careful from this point...just my opinion

unclenna: I have pulled out all bear position....................till tomorrow morning.USDCAD is developing a long term bear train....

endfx1: Bears be careful from this point...just my opinion

unclenna: No trade till tomorrow morning

beejaay: when this actually the time to buy usd across board.all the silly pull up are wat the pro needed to enter position. market is damn ripe for dropping. but then again its forex and anything can happen.

beejaay: when this actually the time to buy usd across board.all the silly pull up are wat the pro needed to enter position. market is damn ripe for dropping. but then again its forex and anything can happen.

edujoy: THIS INDICATOR DOES NOT REPAINT/DISSAPPEAR/VANISH/CHICKEN OUT.

That’s not all; this INDICATOR can be hosted on a VPS (virtual private server) with an sms alert. This simply means that the indicator can send you an SMS (to your mobile phone) as soon as there is a signal to buy or sell. I call it my FOREX ATM.

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unclenna: Are u saying BUY USDCAD............am not seeing buying signal now for the pair

naijababe: So many truths in the house, I guess another good point to add is not to trade too many instruments. By not trading too many things, you know that character that trading it almost become second nature.

@ Beejaay, it may be naive to say this but I don't think there's a system that works all the time

lari03: Well to be honest,the market is a cycle so today's EU movement was bound to happen.the only certainty in the market is that price will move,the precise direction is the holy grail every trader is trying find.fundamentals are currently shaping the market so lets move with that.

edujoy:

This post has generated a lot of controversy, Saturday is just a few days from now, you have nothing to loss, so come and prove me wrong with your questions one-on-one,

thats fair enough

naijababe: So many truths in the house, I guess another good point to add is not to trade too many instruments. By not trading too many things, you know that character that trading it almost become second nature.

@ Beejaay, it may be naive to say this but I don't think there's a system that works all the time

beejaay: my oga the truth is that nothing works. we are only playing a probability game. nothing works and also everything works. if you can get your hand on fractal market analysis and go through the first 3 or 4 chapters. if one can stick with a single system for like 3 years, the system becomes you, you begin to see the inner working of the system. you begin to understand the risk tolerance of the system and all. no matter how one combine system for trending and non trending market, you will find out one will still end up with the same profit that you would have made with either of the systems if used optimally. no one know when a sideways market will be starting or ending and vise versal for trending market too. i hope you get my drift thats where i was coming from when i made that earlier statement

unclenna: I have pulled out all bear position....................till tomorrow morning.USDCAD is developing a long term bear train....

beejaay:
its also good to note that i have been using my system for the last 5 years. i get better at it everyday. i can easily identify my setup on a naked chart without putting my tools on. i can easily see where and where they will be. and no matter how hard i try to explain it, another person will never understand t completely. why?? cos its embedded in my psyche

naijababe:

I get you especially the bolded. My biggest problem when I first started out was 1. impatience and 2. not wanting to miss out on trade.

edujoy:

This post has generated a lot of controversy, Saturday is just a few days from now, you have nothing to loss, so come and prove me wrong with your questions one-on-one,

thats fair enough

unclenna: EU, EJ AND UCAD their trend will be determine tomorrow..........[b]Already I see eu, ej buy signal [/b]but I will like to enter by tomorrow's PP if the signal will still remain

unclenna: No matter the system you use if you do not fight against the two bolded it will always not work well for you......Another very imporant indicator which do not repent if you follow the rules is: GOOD MORNING MANAGEMENT.

naijababe:

My brother, dem no dey tell person now

unclenna: @endfx let's chart

infofirst: We are at 1.2149 (38.2%)fibo retracement of 1.2323 and 1.2041 and a break shd give us 1.2182(the 50% level) and just 6 pips above daily s2 and i will be placing a sell n we see what happen.any fibo fan here?

beejaay: i cant remember the last time i check this pair. i just checked it now and i dont see what will bring the pair down. there are just to many things to fight on the way down. if i waana trade the pair i will be looking for where to put a long position now. the lowest the pair can come now is 1.01554. there is a confluence of MA there coinciding with the low of yesterday including EMA200 which in turn coincide with 50%fib level. currently the pair is sitting on the 55ema and if the current candle should close bull then i will buy it if i wanna trade it. if by any chance the pair sell till the 1.01554 without closing below it, i will sell hard with maximum of 100pips SL. forex is all about positioning.i hope u get my drift.

unclenna: Are u saying BUY USDCAD............am not seeing buying signal now for the pair