Jameselias:

The question was asked in good faith

abham:
True sha, we learn everyday. In reading COT report you follow the commercials report in line with other factors which may make things complex. But in a nut shell na Commercials dey give market price so it’s best to follow them. If their figure keeps increasing in a current trend just continue with them but once the figure has a negative value in a trend, that signifies a trend reversal.

You can check that with the Dxy on cot report, was -25k so commercials were short on Dxy and cpi was just a catalyst to push price lower on barchart.

Hopefully you can check back on previous data though it’s not always black and white as you must blend it with PA.

See attached video.
https://www.youtube.com/watch?v=W3jOAyaM6q4&t=717s

Borntosmoke:


Boss thank you for this valuable information. I will take that into account.

Emmizay12:


lol i no dey use stoploss when i trade news..... either I smile to the bank or I blow the akant

infofirst:


CPi has resulted into high volatility since August.

OfficialP:
@Galleryeasy
Boss, Pls I need clarification on this TFT contest, is the prize a live funded or is there any other hurdle to cross before the live funded account is given to the person

Jameselias:

You have to pass the phases

OfficialP:

Thanks. What's the duration of the phase 1&2? Still one month or two weeks each

Jameselias:

Up to one month each

OfficialP:
Wow

3 months in total. Wow.

Thanks, it's good to know

Jameselias:
if you pass the challenge early and meet the minimum trading days you will get funded

VlamesIffect:


You gaz learn how to use high leverage upto 1:2000 & understand margin requirements.

At the peak of news trading i dey unleash 10 lot size on $1000 account.

wany:

Please which broker leverage is up to 1:2000 .

wany:

Please which broker leverage is up to 1:2000 .

zonall:
...my current perspective on intraday GBPUSD, hopefully, between now and Friday.

A bearish dip from 1.1605 thereabout is the most probable within the setup.

Whether price will first dip to 1.1240, before rallying to 1.1605 OR rally back to 1.1605 without dipping to 1.1240 is for the market makers to decide....

May the blue pips continually be with us.

jackie111:

Fbs 1:3000 self

VlamesIffect:


Just google high leverage fx brokers

It's not just by getting access to big leverage, you have to know how to use it.

You don't need more than 1:1500 in my opinion.

You have to understand how margin works, currency value, some currency pairs are more expensive than the other. The most expensive pairs move less compaired to the cheap ones.

jackie111:

Fbs 1:3000 self

harizonal123:
Been trading for months without SL and that made me overconfident of myself. Just Thursday here cpi news blew my mff phase two account within minutes with 5% drawdown . Learnt my lesson the hard way

Emmizay12:
CPI ..... doing risky shits on a small account feels unrisky

zonall:
...GBPUSD has been in a range since Tuesday.

...an untested demand zone in M30 - H4 between 1.1322 and 1.1292, created between 1000HRS & 1015HRS on the 7th of November {M1}, is awaiting retest for a bullish rally or swing to at least 1.1670.

...the only trade I will be taking next week.

...may the blue pips continually be with us.

karkinase:
why na