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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 22 (390157 Views)
Forex Trade Alerts: Season 23 / Forex Trade Alerts: Season 21 / Forex Trade Alerts: Season 20 (2) (3) (4)
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Re: Forex Trade Alerts: Season 22 by Geovanni412(m): 2:46am On Sep 26, 2022 |
GRIMMJOE: Bro,the trading mathematics doesn't favour scalping. I love your energy but why synthetics instead of trading GBPUSD or EURUSD. Someone who traded GBPUSD short this morning could have made 6 dollars with a 1 dollar trade. Consider am, bros. Also with scalping, you need accuracy of over 80 percent to be successful. Assuming you have 10 trades of 1 dollar each and risk:reward ratio is 1:0.7, the maths is this: For every 1 dollar you have $0.7 dollars as profit. So, for 10 trades with you winning 8, you have $5.6 dollars as profit You lose 2 trades, you lost $2 dollars After taking 10 trades and risking 10 dollars , your overall profit is $3.6 dollars Why waste all that energy and trading talent when you can take one trade on GBPUSD or even EURUSD and make similar amounts? Even as EURUSD dey move slowly, this morning alone , with 40 pips stop loss, if say you risk $1 dollar, you for don chop $2 dollars. You get my drift. As for indicators, they are not that bad. Indicators that help identify potential support and resistance areas like Bollinger bands, average true range (ATR) etc can help reduce time spent in calculating potential support and resistance and get much better entries. The indicators should be used in conjunction with price action to estimate move length. According to Steve Nison's book , Beyond Candlesticks, a trend usually exhausts itself within 8-12 bars- he calls it 'Bones of Sakata'. Now, since ATR measures volatility or range of a bar. Instead of counting bars , I used ATR to estimate where that key support or resistance area will be. For example: 8-12 ATR from swing high on monthly is oversold region and vice versa. You can test this for USDJPY and EURUSD pairs for yourself and see. Cc: Elliotwaveforrec 3 Likes |
Re: Forex Trade Alerts: Season 22 by VlamesIffect(f): 4:41am On Sep 26, 2022 |
Wetin dey do gbp. No update for here? |
Re: Forex Trade Alerts: Season 22 by VlamesIffect(f): 4:44am On Sep 26, 2022 |
Over 700 pips drop. No explanation for forex factory & investing. Wahala for who no use stop loss o. Omo "The pound fell as much as 5% to a lifetime low of $1.0384, with doubts over the UK’s fiscal stability growing after the country announced extensive tax cuts in the face of a looming recession. " "Weakness in the pound and the euro saw the dollar index touch a new 20-year high on Monday, as the greenback continued to benefit from safe-haven buying. Rising U.S. interest rates have greatly boosted the reserve currency this year, and are likely to keep it elevated in the near-term" - Bloomberg Where that person wey talk say china dun enter wolrd power yet nobody dey buy yuan or renmibi whatever u wan call am. |
Re: Forex Trade Alerts: Season 22 by kozmicity: 6:50am On Sep 26, 2022 |
Let's see how it goes. GM folks
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Re: Forex Trade Alerts: Season 22 by Donsheddy: 7:22am On Sep 26, 2022 |
Gbp pairs are crazy..... I will just fold my hands and watch the market till all this noise calms down a bit .... Since I trade g.u alone |
Re: Forex Trade Alerts: Season 22 by pijam: 7:28am On Sep 26, 2022 |
Price concept does the job perfectly with a very neat chat.
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Re: Forex Trade Alerts: Season 22 by Pristine664: 7:29am On Sep 26, 2022 |
GRIMMJOE: Well written boss. We go again. And na your ginger for here make me enter my synthetic account yesterday. I may close it anytime from now sha cos weekend is over. Make I trade real market lol. Trend is everything in synthetic. 1 Share
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Re: Forex Trade Alerts: Season 22 by Obnoxious2001(m): 7:35am On Sep 26, 2022 |
GRIMMJOE:No problem sir. How do you come up with trading strategies |
Re: Forex Trade Alerts: Season 22 by karkinase(m): 8:09am On Sep 26, 2022 |
kozmicity:It’s a welcome bonus…. Which u transfer to your account.. I’m still trying it out thou |
Re: Forex Trade Alerts: Season 22 by VlamesIffect(f): 8:12am On Sep 26, 2022 |
Usdjpy & eurcad sell stop loss to Breakeven. This whole insane volatility wey dun enter market so. |
Re: Forex Trade Alerts: Season 22 by VlamesIffect(f): 8:14am On Sep 26, 2022 |
karkinase: All those bonus no worth am. Useless T & C's |
Re: Forex Trade Alerts: Season 22 by pipfisher: 8:37am On Sep 26, 2022 |
XAUEUR SELL ACTIVATED. |
Re: Forex Trade Alerts: Season 22 by VeeVeeMyLuv(m): 8:40am On Sep 26, 2022 |
VlamesIffect:As surprising as it may seem, Sadly, the Queen's passing of blessed memory. & A new King plus new PM. Very soon there will be parity with USD |
Re: Forex Trade Alerts: Season 22 by VeeVeeMyLuv(m): 8:52am On Sep 26, 2022 |
VlamesIffect:The T & C are impossible! One of the terms and condition is that a trader have to make 500 0.01 microlot trades! As in the trader must trade 0.01 micro lot 500 times! That means the person will not eat or even sleep for the entire 30 days. |
Re: Forex Trade Alerts: Season 22 by infofirst(m): 8:59am On Sep 26, 2022 |
VlamesIffect: Hope not to be in a trade in such time. When trades go against you. Stops do little or nothing. My stops was jumped. Not over trading and then stops will do less damage if used. Then GBP placed me in the bottom of the food chain overnight and suck me |
Re: Forex Trade Alerts: Season 22 by infofirst(m): 9:02am On Sep 26, 2022 |
VeeVeeMyLuv: A whole Almighty Pound. Time will tell if parity wil show soon or not. |
Re: Forex Trade Alerts: Season 22 by VeeVeeMyLuv(m): 9:04am On Sep 26, 2022 |
karkinase:Boss can u meet up with the T & C? they are highly stringent! And u are expected to deposit atleast 100 USD before u are allowed to withdraw the profit. |
Re: Forex Trade Alerts: Season 22 by karkinase(m): 9:11am On Sep 26, 2022 |
VeeVeeMyLuv:Ooh didn’t even see that sef. I just saw it now. I will delete it |
Re: Forex Trade Alerts: Season 22 by VlamesIffect(f): 9:42am On Sep 26, 2022 |
VeeVeeMyLuv: Right from those ironfx & instaforex 500USD bonus ....I already learnt my lesson. The most ridiculous terms & condition. Even till date all those brokers deposit bonus 120% I don't patronize because to withdraw money or access funds go turn to another story. |
Re: Forex Trade Alerts: Season 22 by VlamesIffect(f): 9:45am On Sep 26, 2022 |
infofirst: GBP did traders dirty ......I saw that 280pips sell in 1 minute I wan shout. But there's no way to know when such moves will happen.... imagine overtrading buy GBP with no stop loss ( I know some indicators would have shown oversold from Friday sell).... The tears.... |
Re: Forex Trade Alerts: Season 22 by depato88(m): 9:56am On Sep 26, 2022 |
VlamesIffect: Lol I tell you bro 1 Like |
Re: Forex Trade Alerts: Season 22 by Nobody: 10:02am On Sep 26, 2022 |
Should I buy eurusd. Is gonna go up |
Re: Forex Trade Alerts: Season 22 by JAkpayen(m): 10:05am On Sep 26, 2022 |
infofirst: Yes, it is just a matter of time gbp will be at parity with usd, likely early next year. The new PM tax cuts strategy to improve the economy is driving this. Between now & next year is good for those who want to japa to UK, you will have more pounds in your pocket with your $ Next target for gbp buy is 1.1000 2 Likes |
Re: Forex Trade Alerts: Season 22 by abham: 10:09am On Sep 26, 2022 |
Ordibest bros. Lanshile: |
Re: Forex Trade Alerts: Season 22 by Jameselias: 10:28am On Sep 26, 2022 |
JAkpayen: Ahh pity the currency naw |
Re: Forex Trade Alerts: Season 22 by pijam: 11:01am On Sep 26, 2022 |
Borntosmoke:. It's a risk buying now cause the IOF is bearish and also it's currently on a monthly fvg |
Re: Forex Trade Alerts: Season 22 by charly20(m): 11:22am On Sep 26, 2022 |
How una even dey see USD trades to take this month with all this dance dance? I've been on the sidelines throughout the month. As USD didn't take the bearish turn when my analysis claimed it would, to join the buy sef tire me because it's like "aping" in at the top of the cycle. Make market no catch me "pants down" Hopefully October will give better opportunities. If the dollar could reset around 108/109, buying again may look interesting at least to this recent high of 113. |
Re: Forex Trade Alerts: Season 22 by Nobody: 11:42am On Sep 26, 2022 |
Have bought usdcad. God don't let me lose the trade I beg u. I believe in you God. |
Re: Forex Trade Alerts: Season 22 by VlamesIffect(f): 11:55am On Sep 26, 2022 |
I comment my reserve |
Re: Forex Trade Alerts: Season 22 by karkinase(m): 12:46pm On Sep 26, 2022 |
Borntosmoke:When u move with the trend that’s less chance of failing… I knew GBP will go down like a flash crash cos it has happened before on GOLD and GBPJPY. With both simultaneously moving 1000pips & 500pips respectively on monday open. once market closes heavily bearish or bullish on a Friday… Monday open shouldn’t be a time to trade any of the reversals. |
Re: Forex Trade Alerts: Season 22 by WAVESANDGOLD: 1:01pm On Sep 26, 2022 |
realone12: Every two weeks? |
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