Praxis758:
She should have raised alarm so that those nuisance would be dealt with.

Anyone still falling for this is a dunce.

Raise alarm? Make dem strangle am inside the cab. These people no get joy o.

NikolaTeslaa:


Thanks for your audience Ser, I really appreciate...

God bless you.

Firstly, After going through the (Dapo's) course... I figured I preferred trading break and retests of key levels only... (In line with the trend of course)

My question is; Do you strictly trade retests too and how is it like so far?

Secondly, you said in a comment that you've been able to refine your entry to give you 20/30 pips sl or so..

Personally, I enter on specific candle sticks like Bullish/Bearish engulfing, Morning/evening start and the hammer...but my sl is usually a bit higher... Would you mind sharing your entry model with me sir?

I'd like to see if it's something I could work with and fine-tune to my preference.

Again sorry for the inconvenience sir.

That's where you are making mistakes. All you need to do now is, whenever you spot your entry candle sticks or whatnot. Don't enter immediately after the candle closure, but set a limit order below it.

How do you do this? Let's assume you're trading gold for instance, and you intend longing it. Your signal candle closed at 2240.00, and your stoploss was supposed to be at the tail of the supposed candle or little below that at 2225.00. That's like 150pips in stoploss. And you also intend setting your takeprofit at 2270, making it 300pips in takeprofit.
That would just give you a 1:2 risk to reward.

That entry model is for learners. What you should do instead is not entering immediately at that 2240.00 your candle entry signal closed, but set a limit order at 2232.00, because price will usually reverse down on the next candle a little bit before continuing further up most of the time.

So what you do now is set your entry at 2232.00 and stoploss still at 2225.00. You now have just 70pips as stoploss, and if you're to buy to 2270, that would give you 380pips in takeprofit. This method alone will increase your risk to reward to a staggering 1:5+.

The downside is, of course you will miss trades a lot because some if not most may not come down enough to your limit order to trigger you in, but if they do and the trade plays out, the risk to reward will be worth it.

It's not a must your limit order must be that far, but at least I hope you've got the idea I'm trying to talk about. Don't enter at candle closures, you're buying at overpriced levels, try setting a limit order below or above depending on the market direction.

NikolaTeslaa:
Cc Geedot

Good day sir, I trust you're good

I came across some of your posts on the Forex thread and they happen to be really insightful, thanks for your contributions.

What really piqued my interest is the fact that you trade simple price action and personally, I.just got Dapo Willis' course.

I don't know if you'll mind but I'd like to ask a few questions sir.

I'm sorry to barge in on you like this, but I'll really appreciate your response

geedot

At all, you can shoot bro. What would you like to ask?

Mandate1:
yamal wetin? For scoring against Germany. Aside dat match wetin him play?
Williams is far beta than him in this tournament.

Even Williams wouldn't say the same thing you just said, maybe if you had said Olmo or Rodri.

karnap:
Waiting for Argentina Colombia match
thats a cracking game
this one no too sweet me.
but hope spain win and Yamal win player of the tournament. and UEFA golden boy

It's not difficult to spot a Barça fan, very loyal people. We only supported Brazil and Spain when Ronaldinho was in his prime then, and now only support Spain and Argentina during any international competition.

But you see Man Utd Fans for example, they support Portugal for Ronaldo, Spain for De ge Gea, Argentina for Ganarcho, England for Shaw and Mainoo etc. Lol

maxiuc:


I hope they will later be allowed to go for NYSC

It will never happen. This government can't afford hundred of thousands Noun students graduating yearly going for NYSC.

These people and sugarcoating. Even market women can recognize those boys by mere looking at them. What intelligence tipping is needed again when the boys already made it easier for them to be arrested.

They dress same way, have the same hairstyles, use same phones, are always in same location etc.
Una go arrest tire.

The love women have for their family is almost the opposite most of them have towards their partner. Imagine what a wife insinuated, she is understanding when it comes to her family being broke to take care of themselves. But she's showing quite the opposite when the man shouldering the burden complains.

But on the other hand, she's given you the option of finding a way to feed them if you had told her so. So just tell her that you can't anymore, so she should shoulder it too.

But be prepared for what comes after. Afterall, a "happy wife is a happy life". So if you go ahead by withdrawing support for her family, be ready to face the consequences.

In a country that works. Can't imagine same judgement being passed here on a Governor's child not to talk of the Presido.

Freshtruth:
Everybody dey win for their home he reach our turn we dey mumu


3games that means we have to win all our remaining games to qualify for the world cup how is. It possible lol . Nigerians this world cup otilo

World cup wey boys wan take enter Yankee, na hin these boys dey take play like this.

The chat is so funny. Olamhi na comedian
The girl probably ate the role without crumbs. The picture alone looks scary. Lol.

The meat was so small that I zoomed the picture, but still didn't see it. Tinubu 5 - 0 Nigerians. The stark difference in the picture quality shows why the latter was 1k more expensive than the former. The extra 1k was for the location, better looking plates and packaging overall. It's worth it if you asked me.

Arsenal topping the league is like an Elephant on a tree, how it got there, no one knows, but one thing everyone knows is that, it's gonna fall .

Putting this here again, so I can use it to troll the Ass people next year again.

After one year, this my post is still valid. Arsenal giving her fans A.nal.

.

PriceActionZ:

Lolz. Why are you always feeling like god of forex sir? As in say na you dey control the market🏃🏃🏃out 😆😆😆

Feeling like a god? Really? I'm a lot of things, but pride is the least of my personality. Why would you even utter such to someone you know little or nothing about?

I've been on nairaland for years now, this is the worst thread I've ever been on. The toxicity is something else, and it's coming mostly from the struggling traders. I wish you the best. This is my last post on this. Happy weekend brother.

demanuel:

Good Day Boss.
If you don't mind, could you please share some of your insights on your own thread? To help those who are eager to learn.

I'm newbie still practicing on a demo and would like to learn from you.

Thank You.

Alright bro, maybe I will find a way to do that. But, please unquote me, some information are not supposed to be online for everyone to see. Modify your post, and unquote me. Thanks brother.

.

Frank571:

Rest

One thing that's funny about this post is that, I'm telling you and other newbies that this stuff is easy and not that difficult as your mentors and your giveaway givers made it seem. But one way or the other you feel I'm spitting sh.it.

So funny, typical Africans that love their leashes around their necks. I hope y'all find breakthrough. If you love this guy's post, I don't even need to know you are struggling, or either you're one of those "OGs" that claimed forex is rocket science. Either way, y'all should have fun before giving up. I'm outta here like others before me. Ciao.

Frank571:

Rest

Okay sir.

samfelly:


Trading is a long journey

That's a fallacy brother. I don't know why the profitable traders like to lie about their experiences. Most of them feel they have to lie about years of struggle to feel big. Total Bull.shi.t to me. My kid bro became a pro in less than a month, though with some little mistakes like news, limit orders mistakes when news comes and widen spread and close you out. etc.

You are no different from me or Jeff, we know the same thing, FX isn't that complex, after spending up to a year on this and the fact that you can backtest makes it even easier to acquire knowledge faster. They just love to brag to make them seem like an OG lol. Typical Nigerian pride.

You have to be consistent with your trade entries, they have to look identical, rinse and repeat and repeat to know your win %. That's all you need brother. Stay blessed.

I remember Dapo claiming to have been trading since 2014 or thereabouts, lol. He should still be in secondary school then yet he claimed to have been trading then. May be he was our own Ibro here. Lol.

Y'all know I don't preach too much, but Forex is so easyyyyyyy. May God open our eyes all🙏.

You need to get to a stage when you know everyday is not a favorable trading day or everyday will never be a favorable trading day.

Then secondly, you need to be cool with not trading for a day(s), even if you're a Scalper or Day-trader. But if you still struggle to accept this simple reality, I think you're not fully ready yet.

Patience is really underestimated in this business.

Lanshile:

😁😁
Crazy game
I know fx is hard but some of us here have paid our dues but fx still wan collect more
I'm highly confident in my skills and I always put money where my mouth is
My eyes are wide open
Let me ask u a question
Will u say Charly20 that ghosted us did not do the right thing in fx
The fact that we all approach the market differently suppose to bring ease in the game as per say we can all decide to sell with different formula and method
Na dat time the trade go buy
The complexity in fx is high

That's why it's extremely rewarding when and most importantly if you eventually unravel it. It's not as hard as it seem my bro. A blind man clicking a random buy and sell with a 1:1rr in the long run will break-even on the average.

Forex is 50:50, that's where strategy tilts the odds in our favor. Any strategy that wins 6trades out of 10 with a 1:1rr will make you profitable in the long run.

Any strategy that can't win 6trades out of every 10trades with a 1:1rr, it's not meant to be called a strategy yet. Like I said earlier, I hope your eyes gets opened soon so you can unravel that what you call this complexity may not be as complex as you think.

Lanshile:
I swear I don tire
After my Nzdusd trade I picked yesterday reversed and hit sl after picking my sell limit order

I actually learnt my lesson yesterday and I learnt a new thing and yeah loss is part of the game but the Nigerian system did not program us to accept loss that much
50 dollar is more than the minimum wages now tell me how much u are willing to lose before milk and honey start to flow
Oloribu Chelsea whey I dey support that suppose to make me happy whey I dey bad mood still dey lose
Things dey for this life I swear

I don't even know how to pacify you my bro, but use Chelsea as case study. If they'd given up this night, they wouldn't have made the come back to turn the game around and eventually won.

Forex is not meant to be easy, it's meant to be extremely hard. However, 5years is quite on the high side. I hope your eyes gets opened eventually soon, and you would only look back and laugh at this comment of yours.

@Nzechu, If there's one thing I admire about you, it's the discipline to stick to your style of trading. Anytime I glance through this thread, once I see "sell to 423", I needn't look the username, I already know it's you.

peteregwu:


Market has been fair to me. Welcome!

Wasn't talking about fairness my bro. But all the same, it was nice hearing from you!

Ibrahimlagosian:
Good afternoon everyone here.

It's been a long time I made a post on this thread.My studies choked up when I proceeded to 200lv , medicine isn't easy but yet, never stopped me from actively engaging in my trading activities.Money must be made in this current era.
I'm also noticing new monikers here.Indeed this shows that the thread is growing as I see 5k pages before the end of the year.gabsonfx,Davigle,samfelly,donsheddy,geedot,lanshile and co, how's the biz going on your side ??

Ibro makanaki, I'm doing my gambling as usual. #TeamS&R. @Peteregwu, how have you been coping with swing these past weeks. The reversal is crazy, I had to start daytrading for the main time.

I strolled here today and just imagine trading advice and method flying around. Any newbie still looking up to this thread to learn more might even come out worse than they were before joining this thread if care is not taken.

I keep repeating that trading is not hard, you are just not disciplined enough to follow whoever your mentor is 100%. All popular strategies online work, the thing is after encountering few losses, people tend to leave the strategy in search of another, and the cycle continues.

This thing is not hard! If you are ready to go bet9ja style, follow all those gibberish plastered here for the past 24hours, but if you really wanna learn and turn it to a living. Reduce your activity here, go back to your drawing board and pick just one strategy and master it on a demo.

Save aside funds to get a 5k prop account only after doing 10% profit severally strictly following your strategy with proper risk management on a demo account.

Whatever good takes time, but it also shouldn't take too much time either. If it's taking too much time, maybe it's time the person changed method. This is not the early 2000s where there was little or zero resources to learn from. With so many resources on the web at this age, it's a disaster if anyone is still struggling 4years+ and still not getting it. Maybe it's high time the person paid all those JeffBen, and HabbyFX mentorship money to cut short the journey.

Online teachings doesn't work for everyone, as learning alone could be hard. If I was a struggling trader after years of non profitability, God knows I would have found money to go learn offline with those guys I mentioned above and make like-minded friends offline too.

See picture attached below, that was what I used as my guard when in I joined forex 2020 after covid era showed me shege. It was a post by Shevychen back in 2017 or thereabouts. Happy weekend!

Geovanni412:


The issue of suicide and emotional trauma

I'd say this, let's not criticise him because you do not know the full story

He only told us part of it, there are probably other challenges he is facing in addition

And if you say suicide should never enter one's mind,

What advice would you give to a terminally ill cancer patient considering suicide?

What advice would you give to a young boy in prison who is being sexually assaulted every night who is contemplating suicide?

There are many other situations like this.

I'm not talking down on him as you can see from the post above. I gave an alternative as to why he should leave this business for sometime to get over whatever it is he's feeling right now.

This is the reality of this business. Go demo and do 10% profit with proper risk 3times in a row before getting a 5k prop account. If you fail. Go back again and trade the demo for 10% profit twice in a row again and get another 5k account. Going through these two phases I mentioned above should take a year already. No one is ever gonna go bankrupt by getting two 5k prop account a year in my opinion.

People are eager to earn in this business, when they haven't properly learned. You have to take your time since you could even lose your money in the attempt of making some. And another point I see people mention here all the time is go through your failed trades during the weekends to see why they failed and work on them.

This is wrong, you will always have failed trades no matter how good the setups or your strategy is. That doesn't make your strategy a bad one or the setups, or you have to analyze why they failed. Before you know it, you start tweaking every weekend to avoid losing. We know how that ends up.

Whatever has happened has happened, I have no control over it. I'm just trying to advise others from going through the same route. I never meant to sound harsh, maybe I just didn't know how well to pass my message across enough.

How are you doing by the way Geo?

@James. I'd made up my mind not to ever comment on this thread again, and just read here every few days when I'm less busy mainly because of just two or three good traders left on this thread.

When we preach about learning before earning, some idiot.s would come out to say we are wishing them bad luck, meanwhile it's quite the opposite! For you to even contemplate on suicide shows you are weak to handle trading emotional trauma. So I'm sorry, it's better to just quit and start over and leave forex alone. It's one of the hardest job in the world.

It's not that you won't make money if you don't really understand it, but you would also lose the money you've got because you don't understand it. It's just advanced gambling in a lay man term.

What do you do now? Pick yourself up and leave fx for some time and live your life for the outside world, find and get a real job to get by. I would have loved to put you through in my own little way, but you are too emotionally invested that I doubt any mentorship or advices would work for you currently.

To the newbies out there, this is the reality. Forex money is real, you can see the money, but touching and getting the money is another thing. Know this and know peace!

It took me three months, it took some people years. And it took some people forever and they still didn't get the hang on it. Not everyone will make it. It's just the harsh truth no one is telling you about forex. Look around this thread and see examples for yourself. It's just full of below average and struggling traders.

If you are ready to learn, really learn. Follow Chris Capre, 2ndskiesforexdotcom and learn price action with support and resistance. I don't know how long it will take you, but please follow him like a sheep or Jon Snow that knows nothing, and learn everything from him.

I won't advise you pay for the mentorship program, quite expensive. I didn't pay, and yet I learned everything from him. Forex is majorly about buying and selling, so you should majorly be looking for buying opportunities at demand zones and selling opportunities at support zones. I don't know why this simple reality is hard for the average traders to follow.

Screenshot of just two trades picked up today at the resistance zones with about 30-40pips stoplosses.

Germany vs Argentina 2014, and that Gotze goal almost cut my fuse. Argentina style of play that year also didn't help, they were like Athletico Madrid. Defending and looking for counter attacks, against a german team that just devoured Brazil, 7-1 in the semis.