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Nairaland Forum / Luada's Profile / Luada's Posts
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Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 2:29pm On May 27 |
[quote author=infofirst post=130167228] |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 3:16pm On May 26 |
Geovanni412: You just have to understand how and know when those spikes will occur. And when to trade them, and also when new york session open they is hig liquidity. And also don!T listen to people who don't want to learn, trading forex for 2years plus dont mean you understand it. Sometimes people here don'tt like to learn, like a guy who was complaing about being taken out by 1 candle stick, and i tried to explain to him but was feeling too big. |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 5:31am On May 26 |
janda1:Hmm i will say do your research on demand and supply. About the news, i don't trade during the news i trade after or sometimes the next trading day, reason why, if we have a big event by 1:30pm like nfp price can be going towards where is expecting the news to take it to, cause it's waiting for it. I normally trade by 1:30am and close all trades before such news. By 1:25pm we will see flat action that is where the spikes happen or a rapid run up in price and when it get to a level it can retrace or consilidate and fall back, for this aspect you have to learn liquidity. Atimes you can see 7-12 5min candle stick all green/red and you want to buy/sell and after you do market retraces and hit your sl. |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 10:16pm On May 25 |
janda1: They is nothing in the spikes it just that they dont understand which i tried to explain and was shot out. If you want me to explain i can and whatever you want me to explain 1 Like |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 9:53pm On May 25 |
janda1: They still alot you have to learn, cause trading candle stick alone i can't say, you just have to learn what best suits you. And also what instrument do you trade in forex, you have to learn and understand them, what moves them and how to trade them, cause some guys here where complaing about indicies and spikes that why i made mention about learning them, to avoid been taken out by 1 candle stick |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 9:21pm On May 25 |
janda1: Ohk S&R is quite hard because people are tend to fall into traps. I will say try and learn volume cause it's helps and also understand candle stick adding the two together helps cause price can easily be manipulated. |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 8:57pm On May 25 |
janda1:Am asking your win rate is it 30% 50% or 60% 70% meaning out of ten trades let say you get 5 loose 5 or any number with your strategy that if you have a strategy. And also the way i learnt was the hard way that is blowing account. You have to have set of rules and stick to it, have entry criteria, before you take a trade, what are you out looking for, i look at volume, trend, candle stick formation, news. When you are sure of yourself and confident you can start live acct |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 7:05pm On May 25 |
janda1:Ohk what your win rate |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 5:35pm On May 25 |
Seen some few post about indicies and thier spikes which is normal and most of those spikes are caused by news like FOMC or any other and also speeches from top FOMC members. Moves also occur from top companies that makes up the us100 like tesla,apple,nividia, etc. When these companies realease their earnings report which are realeased quaterly which makes indicies rise and also fall. Earlier i said something "before the market goes up it goes down" and vice, if market is in an uptrend or down once the new york market opens we see a reverser and then reverse back. So i tend to short the longer trend when the us market opens. And also an example on thursday us100 was in an uptrend in the morning cause of a company earnings then another news came in and it then reverse. I try to identify those news, and close all trades before new york market opens and then scalp. Price can easily be manipulated but volume can't be so i tend to look at volume when price is reaching a critical level. 1 Like |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 11:03pm On May 24 |
Cashhy11:Hmmm funny |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 10:34pm On May 24 |
Cashhy11:Guy calm down it your decision not mine Good luck |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 10:13pm On May 24 |
Cashhy11:p Guy you funny, indicies is so sweet, you just need to understand am your system gat work on anything, you just need to understand volume and liquidity. Tiey is something i learnt before tie market goes up it goes down and vice versa this happens when the new york market opens |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 4:30pm On May 24 |
Dgamez:Yh but if you have a 50% win rate system bro you are good to go. I will just say get the acct first, if i may ask what your entry criteria 1 Like |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 4:25pm On May 24 |
dmahn:Guy just buy a maven 2k acct for $15 trade am small small with 1% risk per trade |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 4:19pm On May 24 |
[quote author=Dgamez post=130113903] My second account got banned yesterday, but need to clear somethings about what have learnt over the 2 years I started learning forex, I did my math and 1% of a 15k account is $150, but I am risking 105, which is approximately 0.7%, the 1% I put up there is a mistake on my part and will edit as soon as my ban is lifted, total risk exposed should be 2.1% however I don't think forex is necessarily about risk management, the first thing should be education, understanding how the market works. The DD for that particular account is 3% which $450, risking 2.1% will give me $315, if I lost 3 trades in a day I won't trade for that particular day again, which means I have roughly 9 trades to place in total on the account cos the maximum DD is 6% which is $900, I have a minimum of 1-3 RR, if my strategy won't be able to win at least 2-3 trades out of 9 attempt what good is risk management then? D bitter truth is that you dont have a system cause risk management is part of it |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 3:18pm On May 24 |
LordBillionz:It good so what your win rate, what your strategy, you have to know all this thhngs your entry criteria |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 7:17am On May 24 |
DXYY:Little word of advice, i don't believe in luck so let me dive into what i have to say, risk 0.5% per day that $75 if you take a loss plss leave the chart if you win and see another trade not random one still risk that same $75 but if you have a solid strategy you can risk 1% which is $150, and also what your strategy what your entry criteria. 1 Like |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 6:47am On May 24 |
FXcandles:Nice i trade usoil too, it's quite complicated but just using fundamentals and understanding how it affect it with volume and momentum in place. 1 Like |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 9:58pm On May 23 |
LordBillionz:I would say get a prop acct if you pass then fund live account and also how long have you been on the chart and what your strategy, your entry criteria 1 Like |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 12:00pm On May 21 |
randy01:Thanks so i buy an account using my palmpay |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 6:40am On May 21 |
Good day guys, pls have anyone use maven prop firm |
Travel / Re: Canadian Student Visa Thread Part 23 by Luada(m): 5:11pm On Apr 06 |
RayOFLife: Did you submit ielts |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 10:37pm On Mar 24 |
Geovanni412:Ok |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 10:04pm On Mar 24 |
Geovanni412:OK where's is the link |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 4:41pm On Mar 24 |
BeginnerTrader:Not trying to be off manners you hate it am airing my view it my right 1 Like |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 1:21pm On Mar 24 |
BeginnerTrader: No proof as I said before am not giving advice am just airing my opinion you see 10 years of experience is nothing it not bad to learn I follow traders with 10 years experience and they are multi millionaire's in USD 1 Like |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 12:03pm On Mar 24 |
GabsonFX2:Oh I see you have done some digging quite impressive, I have been trading demo for a long time, I said I was 17 years right correct, so let me explain I can't say some things cause this is a public forum how I got my account, I would I started live trading since January I would have like to post the account but am unable to upload pictures on my nairaland I have been trying for some time. And also people who have actually been through real war understand, l simply learnt from my mistakes and looked at others and I have good traders around me who guides me and I talk to, and also I learnt from traders who made mistakes and learnt I took me 3 months it might be short but to be successful in trading is to learn from your mistakes. And about the 17 I can't say it here how I got my account. 1 Like |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 8:30am On Mar 24 |
DXYY:Am not saying I can give advice all what am saying is simple why spend your time on prop, I haven't been trading for up to a year but I have passed under the rain so I understand it I have blown my account twice $1k in a day, so I have skin in the game. |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 7:48am On Mar 24 |
DXYY:I know nothing about trading haha very funny see it possible to trade with some amount if you don't believe leave it, as I said before trading isn't for everyone I advise you to step away go back look back at your mistakes and learn if you aren't willing to learn. Then stop trading. |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 7:01am On Mar 24 |
ishayaauta:I remembered when I said people here aren't serious to trade, someone was saying If that was my way of explaining unseriousness, imagine someone asking for proof of withdrawal from trading we all know is true. See trading isn't for everyone if you aren't willing to risk I advice you step away. |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 9:04pm On Mar 23 |
DXYY:Ohhh if am a trader very funny |
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 5:21pm On Mar 23 |
DXYY: OK how much have you made |
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