LaughButton01:
Good morning please add me on which ever forex trading group you on 08091135274
Also, if you know of any forex trading community in Ibadan please refer or recommend me. Physical community please
Thanks fam

Tony142:




Your risk/reward ratio is 1:5 I guess?

Tony142:





Atleast, I like your honesty for saying the truth, not all those people posting winning trades screenshot up and down as if na their papa design the market

LaughButton01:
Please add me on any forex group you are on +2348091135274
I'm looking to better my trading.
Plus if anyone here knows of any forex trading community in Ibadan where we can be meeting physically?
I won't mind to join any such community.
Thanks fam

The majority of the groups are created for the creator's individual/personal benefits and not for your benefits; you join and end up paying/subscribing for one thing or the other OR the majority of them don't even trade live, you end up giving your cash to them to trade for you and blow-up.

Unfortunately, when those happen, they can either close the group or block you and we here can not fight for you or call them out here which then becomes dorime.....

LaughButton01:
Please add me on any forex group you are on +2348091135274
I'm looking to better my trading.
Plus if anyone here knows of any forex trading community in Ibadan where we can be meeting physically?
I won't mind to join any such community.
Thanks fam

Trades update:
Gold currently running @ 266pips
GJ @ 85pips

This is why I laugh when I record losses [Trading psychology right?? ]

I'm looking to enter GU by today's close as quoted below

GabsonFX:
Update on those trades: I took small portion of profit from gold cos I needed to take it back to D1 from H4; now I'm back to D1 trading gold, GJ and GU. This is where I'm @ at the moment.

Gold currently running 203.9pips
GJ @ 3.3pips

My plan on GU for Monday close is to re-short GU if Monday close is bearish, if otherwise, i.e bullish, I will check to see if a resistance is broken before longing it.

Happy weekend!

GabsonFX:

My plan on GU for Monday close is to re-short GU if Monday close is bearish, if otherwise, i.e bullish, I will check to see if a resistance is broken before longing it.

Happy weekend!

Forexislife:
Looking to sell gold short term.

GabsonFX:
Trades update:
Gold currently running @ 266pips
GJ @ 85pips

This is why I laugh when I record losses [Trading psychology right?? ]

I'm looking to enter GU by today's close as quoted below

charly20:
So there's big news coming midweek for GBP and USD on Tuesday. I don't know how much it will affect my open positions from last week but the schematics looks to favour USD so I'll have to be extra cautious with my positions as it may only be a pull back to collect more orders and we continue the journey to 1.198 for EU and 0.89 for usdchf.

Scenario 1 for GJ: price makes a run towards 150 and I'll buy back to 154.6** and I re-sell (this scenario would be most exciting )

Scenario 2: price makes a run for 154.6** first, then I'll enter a sell to 150 and forget about re-buying.

For USDCAD, only one thing I look for price to do for me on Tuesday..... Approach . 26830 and I'll act accordingly because we'd begin a journey to . 2180

it's a story, an interesting one.
Happy pippin' this week.

charly20:


I'm equally expecting gbp weakness from the news on Wednesday. I'll draw up my chart tomorrow, I no get strength today ...

This week may see GBPJPY fall towards 150

Kaesyrn:
JPY currently one of the strongest currencies right now and sweet to trade with XXXJPY all selling over 100+ pips...

AUDJPY
CADJPY
USDJPY et all.

If the momentum would be sustained during London session is what I'd love to know because OTE for the pairs listed would give you lotta pips in your basket...

Donvic4u:
What sorcery is this o?

Forexislife:
On a second thought, I'll wait for 1793 zone. No trade today.

GabsonFX:
Now look at my plan for GU and watch those markups I made on H1 this monday morning, this H1 markups guide me on my trading decision on D1. Price was dancing within the bands since morning, and now pushed out of the band; Now, tell me how I will not re-short this by today's close.

Another thing I want to point out is: many traders, especially the less experienced, will see these moves especially the currently forming out of the band move, and jump into it right away --- NO, don't do that, when you do that, it means you are chasing price and any surge against you may wipe your account. Allow it to cool or relax, check again if it's within your parameters, then enter and hide your SL.

This is why I'm never rushing, despite all those big moves and despite the fact that price is now currently within my parameters on the GU and out of the band, I will still wait till market close and re-check...no matter what.

CopyJoe:


Two things will happen to Gold next week.

1) it will retrace a bit to take out SL and continue to buy massively

Or,

2) It won't retrace at all. It will buy directly.

I will look for a good entry position on H4 with patience. Maximum SL will be 100 pips.

VlamesIffect:


Boss na only me or that JPY and USD dey correlate?

VlamesIffect:


I feel like say the only news wey go move this week na NZD and maybe AUD the rest na Jonz......
I learn some news trading from lovebignyansh before the boss go MIA..... Last week loss but this week i dey fresh & ready thanks to feshizzy, netvaluefx, charly20 una give me better motivation....

I know say one day i go use FX money buy house for banana.

Kaesyrn:



Yes but not all the time though...

Also depends on the pairs too...

charly20:


Ah ah boss, na community be this oh , wetin we dey do here if not to help each other.

Good to know you're back on track.
Happy pippin'

abham:
I want to ask, the news of the Talibans taking over Afghanistan, does it have effect on the market and the way JYP dey sell even after the Asian session dey scare me so experienced traders in the house, is it advisable to still sell or stay off the market?

charly20:
After losing 16% of my equity (for my liveaccprep account),I tried to understand why I lost that large and here is what I understood;
1. Having a limited amount of pairs on the watchlist does not automatically mean no overtrading.

2. I traded with no objective amount to be risked per week

So this week, I decided to amend that and I decided to;

1. Pick only two pairs out of the five on my watchlist for every week.
2. I will risk at most 5%(i.e $10) every week.

The above simply means I have to select only high probability trades for every week. So for this week, I picked two ladies; EURUSD and USDCHF and although the setup played out today I shall hold them till they are exhausted as I'm a swing trader.
For next week, I have only USDCAD as high probability.
The plan to maximize my profit in this week's two trades are to add maximum of 3 positions on retracements.

I regret not sharing pictures for these setups as each time I post, the pictures hardly come out clearly on this forum, I wonder how Mr. Gabson does it

Have a wonderful weekend, y'all

CopyJoe:


Last week's loss of part of the profit I made taught me a lesson that's key.

Which is market structure.

Now, I know why you check H1 sometimes.

GU will sell. There's a break of structure and a retest.

VlamesIffect:


From the small wey i know... JPY na safe haven asset so in times of uncertainty na to buy gold or yen keep.

Na why GOLD & YEN strong at the moment.

My 1 cent

GabsonFX:
Now look at my plan for GU and watch those markups I made on H1 this monday morning, this H1 markups guide me on my trading decision on D1. Price was dancing within the bands since morning, and now pushed out of the band; Now, tell me how I will not re-short this by today's close.

Another thing I want to point out is: many traders, especially the less experienced, will see these moves especially the currently forming out of the band move, and jump into it right away --- NO, don't do that, when you do that, it means you are chasing price and any surge against you may wipe your account. Allow it to cool or relax, check again if it's within your parameters, then enter and hide your SL.

This is why I'm never rushing, despite all those big moves and despite the fact that price is now currently within my parameters on the GU and out of the band, I will still wait till market close and re-check...no matter what.

abham:
I noticed the JPY just dey dust it’s counter parts all through today. What shocks me most is even after Asian session ended, JPY still dey sell.
I even have an open trade of GBPJPY on sell but I dey scared make the market no reverse even if na demo account.

CopyJoe:


Gold will buy for most days of this week.

Still waiting for a proper entry with reduced risk.

charly20:


I didn't post my setup before I took my usdchf and EURUSD trades but tomorrow may give another opportunity for re-entry.
Considering my 5% per week MM rule, I have only an exposed risk of 3.6% leaving me with free 1.4% from last week and a fresh 5% for this week.

For tomorrow's trade, I do not want to see price close above the upper yellow line even with news impact. If that happens, I'll use the remaining 1.4% to add another position for usdchf and maybe Eurusd if the money is properly managed.

My "conservativeness" with my equity is because GBPJPY has acted faster than I imagined and I expect USDCAD to do as I have marked up. I don't like the idea of leaving more than 10% to the market in two weeks.

The USDCAD and GBPJPY would be my last trades till we have reached the promised land for all four pairs.

If usdchf closes above the yellow line and EURUSD closes below 1.17491, I'll close the trades and wait for better market conditions.