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Forex Trade Alerts: Season 22 - Business (420) - Nairaland

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Re: Forex Trade Alerts: Season 22 by Geovanni412(m): 2:46am On Sep 26, 2022
GRIMMJOE:
This may be the best way to go, take what you can and leave before the market notice.

But I believe the hardest thing for any trader is to close a trade while making profit, a discipline I need to master.

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

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.

Re: Forex Trade Alerts: Season 22 by Pristine664: 7:29am On Sep 26, 2022
GRIMMJOE:
Growing a 1 dollar account.
Day 3: $0.62

No Profit was made, if anything, it dropped from 1.42 to 0.62

My Mistakes
- Force trading, no matter the strategy, a good trading opportunity won't always be available.

- Multiple entries, which increase profit, but also potential loss.

- Hoping for a trend reversal while being left in the cold by the market.

- Too many symbol, it's better to focus on one trade, then move on to the next, one failed market may wipe out the leverage needed for a profitable one.

- Going against the trend, even for a quick scalp, it's not worth the risk, at some point you'll get bitten.


For me, no more indicators, I grew the account before, I'll do it again.

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

Re: Forex Trade Alerts: Season 22 by Obnoxious2001(m): 7:35am On Sep 26, 2022
GRIMMJOE:



When you're ready just ask your questions here, but I'm not certain I have the knowledge to make anyone an overnight millionaire.
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:


Is that a welcome fee or a deposit bonus?
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:

It’s a welcome bonus…. Which u transfer to your account.. I’m still trying it out thou

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:
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.
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:


All those bonus no worth am. Useless T & C's
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. shocked shocked
Re: Forex Trade Alerts: Season 22 by infofirst(m): 8:59am On Sep 26, 2022
VlamesIffect:
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. "

".

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 grin
Re: Forex Trade Alerts: Season 22 by infofirst(m): 9:02am On Sep 26, 2022
VeeVeeMyLuv:

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

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:

It’s a welcome bonus…. Which u transfer to your account.. I’m still trying it out thou
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:

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.
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:

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. shocked shocked

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:


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 grin

GBP did traders dirty ......I saw that 280pips sell in 1 minute I wan shout. shocked
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.... grin
Re: Forex Trade Alerts: Season 22 by depato88(m): 9:56am On Sep 26, 2022
VlamesIffect:


GBP did traders dirty ......I saw that 280pips sell in 1 minute I wan shout. shocked
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.... grin

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:


A whole Almighty Pound. Time will tell if parity wil show soon or not.

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:

Okay no probs
No one is perfect in this game
Will update u on how it turns out base on the fact that it is my first analysis here
Re: Forex Trade Alerts: Season 22 by Jameselias: 10:28am On Sep 26, 2022
JAkpayen:


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

Ahh pity the currency naw
Re: Forex Trade Alerts: Season 22 by pijam: 11:01am On Sep 26, 2022
Borntosmoke:
Should I buy eurusd. Is gonna go up
.
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? grin

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" cheesy
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
grin grin grin

I comment my reserve
Re: Forex Trade Alerts: Season 22 by karkinase(m): 12:46pm On Sep 26, 2022
Borntosmoke:
Have bought usdcad. God don't let me lose the trade I beg u. I believe in you God.
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:
I pray and hope so..
i believe soon, there will be $50,000 mff completion coming from him every 2 weeks.
I just hope he doesn't forget members of this thread sha when he start racking in thousands of dollars

grin

Every two weeks?

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