Lanshile:

You are correct boss
I checked the dollar Index though it is bearish but realized the way the bearish movement is going u never can tell when it will change direction and as for euraud I just leave am ni
I don't know anything about correlation and I don't use it but if u notice anything be updating
I will be holding the AU Sell because it is now risk free and it is still validating my sell and the area where it is attempting to make the buy is an area where I dont pick trade
Noise is just too much at that area
Too many wick rejection but if it makes 2 bullish candle close irrespective of the volume as long as it is 2 bulls in a row I will follow ur step to look for buy

I'm sure you will find the correlation between AU and S&P 500 interesting. Clean SMT divergence right there, right now.

Donsheddy:
Selling g.u now is at owners risk I think...
It depends on the t.f you're looking at....

The best g.u can do for bears 1.122 or 1.123

Best place to look out for good sell...

Is 1.15 or 1.16....

Last week Close is very strong for bulls....

E.U is trying to find it's way to 0.9 or 1.0

Just my simple opinion might be wrong.....

Dx.y has its eyes on 110

I think this here played out...

E.U, DXY and G.U

charly20:



I'm sure you will find the correlation between AU and S&P 500 interesting. Clean SMT divergence right there, right now.

l

ICT noni
Saw this exact tip in an smc group

Geovanni412:


.

U are right boss
That's why forex is a lonely journey
That's because correlation isnt important to my method but I will be using one eye to be looking at EA make d bullish continue so that my AU will continue Downward

charly20:



I'm sure you will find the correlation between AU and S&P 500 interesting. Clean SMT divergence right there, right now.

I will go check it out

Instead of looking for reasons why your trade will work, look for reason why it will fail

OfficialP:
Instead of looking for reasons why your trade will work, look for reason why it will fail

1million%

OfficialP:
Instead of looking for reasons why your trade will work, look for reason why it will fail

If na telegram chat, i for talk say make dem pin this message. Na d best way to think - all d setups dey ya head already so no need to write down why u wan take am. The main thing na to write down why u no suppose run am.

make nobody blame that guyooo. They can never know the pain. This was me back in 2020. I almost killed the guy that introduce me to Forex with sledge hammer, I for still dey jail NW. Everytime I see the guy I dey curse aaaam. The 10 dollars be like 1 million to me

https://www.nairaland.com/6162358/forex-scam-no-one-making

GRIMMJOE:
There are no billionaire in forex, those that I pity are the one's that quit their job for this scam.

So you wan be billionaire untop your 1 dollar account?

How you no go back slide after listening to motivational talk on IG and YT

Geovanni412:


Take a look at the pyramid below. If you feel trading is not for you, there is no need to disturb people on this platform. You can still be successful at some other skill. The trader, Al Brooks who has written many books on price action trading spent 10 YEARS trading before he became successful.

MACHALA !!!

charly20:



Look Chief, I have no interest in arguing with you.
Whoever "she" is you're quoting doesn't owe you sh*t. "She" might as well be as successful as you can imagine, I don't care, really. "She" might as well have as little losses as you can think of, i still do not care. "She" has paid her dues, whoever "she" is and whether "she" is winning or losing shouldn't be your concern.

Learn, fail, feel frustrated, be angry, break your seat if you will. After that, if you're still interested in trading, go back and continue learning, failing and feeling frustrated till you get it right.

If you're looking for easy money that will come in daily, without much stress, go wash plate or wash cars or any other jobs out there and stop constituting nuisance.

No be by force to become trader.
Peace.

I no even understand why una dey motivate the guy. Life always seperates the chaff from the wheat. Forex is just one of many means.

VlamesIffect:


So just because you failed in a business. No other person can be successful in that business?

You no worth my story. ( If i use my other moniker talk for here. Pple go know who i be. I showed consistency & today I'm still grinding i know i have my losing days but at the end of a quarter, 6 months or 1 year i stand tall)

I agree with you forex is a scam.

Go google darwinex hall of fame check finbou & oaktrader - stats on their accounts of over 7 years.

These are people managing over €5,000,000 live & direct. - see inspiration. I really hope to achieve that level of success one day because e no easy.

Levels dey to this game. Just like everything in life.

I no say that $1 no be all the money you dun blow because those your messages na from a place of deep hurt

We sef dun blow account. You no go be the last... more go follow suite....

By the way how do you define consistency? Every day? Every week? Every month? Every quarter? Bi- annually? or yearly?

Nobody need prove anything to you. Forex is a scam. Yes boss.

I saw this image earlier

There is nothing special in what the guy is doing but that risk management, only 0.5 percent of traders can do that. 10% drawdown in 7 yrs. Investors will easily give the guy money to trade.

Oil price move higher and crosses up middle band line looking target 90 level price.
According analyst Oilprice the oil rise because OPEC + considering to cut oil production 2 millions bpd.

hi everyone.
i just started learning how to trade forex and I'm currently taking baby pips course.
i want to know if there a much better way to start this journey ?

I think gbpusd has reached its maximum and ready to drop like it's hot
Well i may be wrong

GBPUSD might have hit a strong resistance

Englishisamust:
make nobody blame that guyooo. They can never know the pain. This was me back in 2020. I almost killed the guy that introduce me to Forex with sledge hammer, I for still dey jail NW. Everytime I see the guy I dey curse aaaam. The 10 dollars be like 1 million to me

https://www.nairaland.com/6162358/forex-scam-no-one-making

..
Bros Barbera dropped one simple hint on that your tread for starters I swear.

It was hidden in plain language

millennialaku2:
hi everyone.
i just started learning how to trade forex and I'm currently taking baby pips course.
i want to know if there a much better way to start this journey ?

Run for your life, forex is empty noise, "play with what you can afford to lose" that's how you'll soon start selling your properties, hoping to get them back.

Listen carefully, non of the addict here is making profit, they lose more money than they make, ask them to show you their history.

Solution, go and learn an online skill, you work for 2 hours you get paid for 2 hours, you work for a whole day, you get paid for a whole day.

Most of this addict regret ever knowing forex, but they are too deep to get out, run before you become one of them.

I've quit forex gambling, I'm now focused on paying my debt, licking my wounds and healing gradually.

I met you on my way out, if you know what's good for you, come let's be going before they cajole you into becoming a victim.

Better food no dey beg person chop am.

Un-Follows thread.

USDCAD has a better -ve correlation to AUDUSD than EURAUD and NZDUSD is the Positive correlation to AUDUSD, cheers.

GLGT.

Geovanni412:


Correlation dey important to system i dey use. That GU looked super convincing for a short - na just correlation wey make me avoid am. The thing with correlation wey i don notice be this :
GBPUSD and EURGBP (-ve)
GBPUSD and DXY (-ve)
EURUSD and GBPUSD (+ve)
AUDUSD and EURAUD (-ve)
EURUSD and USDCHF , USDCAD (-ve)

Correlation is not a bar- by- bar thing ; one fit dey trend and the other one go dey range. One fit delay in movement before the other one.
IT CAN NEVER EVER be a substitute for support and resistance - it is just a confirmation tool to help in determining direction and to avoid overrisking.
About not taking short trades at that area, that is a very wise decision. It is not worth it to predict trend following and end up submitting your profits back to the market.

Dave50:
GBPUSD might have hit a strong resistance

Boss, i think GBPUSD can still go up farther towards 1.150. EURGBP and DXY (dollar index) which it is negatively correlated with look bearish at the moment. Well, let's see what the market does sha.

Dave50:
GBPUSD might have hit a strong resistance

Are you blindly hitting that cuz of supply or what..though the whole thing validate more towards shorts, but check well, the buyers ain’t done hitting, though our buyers is weak now but ain’t done, always play it SAFE with the market, we have no power moving the power, we simply follow the wave, not being steps ahead the wave…Get confirmation first…
My advice tho…..

The whole point “how is my bigboy(in this case is the daily guys), then seeing this as sell, BIG SELL for them, but on this your trading timeframe(4hrs) them not done hitting for buys, let the 4hr buyers proves he is failing then you hit for sells, at areas your daily sellers is hitting from…..

UNTIL YOUR 4hr BUYERS ARE DONE, your DAILY big boys won’t come in

Dave50:
GBPUSD might have hit a strong resistance

Despite ur blue moving average is still confirming volume in the market cheif ... Its risky to sell until two candles closes below your blue moving average.. Wait for it to be retest.. Join the bears

GRIMMJOE:
Run for your life, forex is empty noise, "play with what you can afford to lose" that's how you'll soon start selling your properties, hoping to get them back.

Listen carefully, non of the addict here is making profit, they lose more money than they make, ask them to show you their history.

Solution, go and learn an online skill, you work for 2 hours you get paid for 2 hours, you work for a whole day, you get paid for a whole day.

Most of this addict regret ever knowing forex, but they are too deep to get out, run before you become one of them.

I've quit forex gambling, I'm now focused on paying my debt, licking my wounds and healing gradually.

I met you on my way out, if you know what's good for you, come let's be going before they cajole you into becoming a victim.

Forex is no gamble, chase knowledge and get your trading psychology right, I have folks doing this for 15 years now, and managing billions of dollars for client…forex is no joke, forex is not difficult, where the problem comes in is the PERSON clicking the buys and sells
Why do you think we have 95/5 in forex, let’s face this, there is no pattern whatsoever to the market….so everyone using different strategies to trade, if that’s the case then why so 95/5 percent, the problem is never with the chart, but the guy clicking….as a beginner, with whatever strategy u using in the market, u always bank in profit while demo trading but once you go live, the reverse is the case…then what changes…,
Strategy the same, but different outcomes…..have you actually think why. The problem is never about the chart. NEVER

Vhipa:

Don't reply dat guy again and pls no one shld reply him again

Lanshile:

Don't reply dat guy again and pls no one shld reply him again

Cuz I don’t understand why folks still think like that, that losses you made, is another smart trader’s profit.

GRIMMJOE:
Again, they have succeeded in wiping my account I officially quit trading.

Going back to my job where I only make money, not lose it.

Trading should be illegal just like gambling.

Please nobody should respond to this comment so I wouldn't shift aggression, thank you.

I will motivate you bro.. Get funds and trade responsible

haryodehjia:


I will motivate you bro.. Get funds and trade responsible

Like my boss Lanshile talk, no reply that guy again abeg. He needs space to think. The guy should channel his energy towards his next hustle and God will bless him abundantly. Wasting energy and time venting here will not help him at all.

Geovanni412:


Like my boss Lanshile talk, no reply that guy again abeg. He needs space to think. The guy should channel his energy towards his next hustle and God will bless him abundantly. Wasting energy and time venting here will not help him at all.

Big boss
U don talk am finish

Vhipa:


Are you blindly hitting that cuz of supply or what..though the whole thing validate more towards shorts, but check well, the buyers ain’t done hitting, though our buyers is weak now but ain’t done, always play it SAFE with the market, we have no power moving the power, we simply follow the wave, not being steps ahead the wave…Get confirmation first…
My advice tho…..

The whole point “how is my bigboy(in this case is the daily guys), then seeing this as sell, BIG SELL for them, but on this your trading timeframe(4hrs) them not done hitting for buys, let the 4hr buyers proves he is failing then you hit for sells, at areas your daily sellers is hitting from…..

UNTIL YOUR 4hr BUYERS ARE DONE, your DAILY big boys won’t come in

What is d fundamental analysis behind GBP gaining strength. What is interest rate hike. Can someone explain?? Because gbpusd have been breaking higher timeframe resistance since last 3 days. The higher timeframe trend is bearish 4 hour upward while 1 hour timeframe downward is bullish.
I don't understand??

millennialaku2:
hi everyone.
i just started learning how to trade forex and I'm currently taking baby pips course.
i want to know if there a much better way to start this journey ?

Welcome to wotowoto.....lol
Be like me trade only demo account....lol...

Jokes apart....
I trade real account sha....

Learn well.........
Don't rush the process....
Learn from mistakes..... you would surely make them

Good luck on your new job.......