Elliotwaveforec:
UJ: High risk!

Sell from that level ought to be better.

Target 129.83 then 129.65

Just took a sell on EU. entered off retracement at Asian high.
12pips SL, hunting for 52 pips.

let's see how it goes.

Theyoungmaster:
Just took a sell on EU. entered off retracement at Asian high.
12pips SL, hunting for 52 pips.

let's see how it goes.

They don chop me raw. 😂 😂 😂

I've been so busy... Hopefully I return fully by middle of next month.

Theyoungmaster:



They don chop me raw. 😂 😂 😂

Don't make your SL public! If you want to, make it wide. Something tells me some players monitor financial fora like this to target SLs; I may be wrong.

Today was manupulative took 1loss and 2wins
With the students overall we profitable, 2morrow we kill with the students in vip🤟🔥

Elliotwaveforec:

Don't make your SL public! If you want to, make it wide. Something tells me some players monitor financial fora like this to target SLs; I may be wrong.

Funny but maybe true 😂

kozmicity:
I've been so busy... Hopefully I return fully by middle of next month.

Bad guy

GU

The only way I will sell GoLd is if price gets to that upper trendline

Peterfx01:
Today was manupulative took 1loss and 2wins
With the students overall we profitable, 2morrow we kill with the students in vip🤟🔥

Who are the students? please we dont want this here! You can create your own thread and kick off with the education.
I just pity the gullibles who will subscribe to your teaching.
Where is your verified track record?
Are you certified prop or professional trader? Dey play

Interesting. Let's go there.


https://www.youtube.com/watch?v=wfTtWThWHWU

Fxwarrior:
What if I told you that you can be a millionaire trading gold with a starting capital of #100 000 on or before December this year.

No more anxiety trading. Trade gold profitably with peace of mind.
I would unravel my secrets to you on this 2 days training.

Stop losing and start cashing out on a monthly basis even if you are a newbie.

Date: 29/30 January 2023
Tutorial fee: #20 000
Early birds: #10 000

Dm if interested: 09018842004
Remember this is a lifetime opportunity
Grab it now and say goodbye to sapa in 2023!

[quote author=karkinase post=120348353]Gold is actually easy to trade.. but the exdpected spike is the issue[/quote

Expected spike or unexpected spike?

https://www.youtube.com/watch?v=wfTtWThWHWU

Elliotwaveforec:

Don't make your SL public! If you want to, make it wide. Something tells me some players monitor financial fora like this to target SLs; I may be wrong.

The bolded is key.

If your hand no too strong with stop loss and you want fx to be an additional source of income, you can scalp the market.

If ya capital dey like 200k naira, you fit scalp the market..

For example: You fit enter eurusd trade with 20k naira as risk and s/l at 200 pips from entry, and tp as 20-30 pips. You go dey collect urgent 2k if your analysis dey aight. If market go down 100 pips and u sure say na trend market, u can close with loss. If you have a good strike rate, u go dey aiit.

It is risky and not financial advice in any way.

But, to me, it is better than continuosly bleeding by paper cuts when your direction is correct but stop loss is what is holding you back.

About High and Low of Day
Avoid trading after market has risen or dropped for 2 consecutive days.

The next 1-2 days is usually a nasty range

Getting the perfect high or low of day on such days is difficult...

Eurusd over the last two days is a perfect example of this.


On wide stops:

Wide stop which is protective for scalping would be anywhere from 1-2 ATR on the daily chart.

To be very safe, go for 1.5- 2 Daily ATR

karkinase:

Bad guy

How you doing bro?

Elliotwaveforec:

Don't make your SL public! If you want to, make it wide. Something tells me some players monitor financial fora like this to target SLs; I may be wrong.

I disagree.. no body monitors anybody stops or where they are placed . Stops are obvious by mere looking at a chart, that’s what fuel the market moves

kozmicity:


How you doing bro?

I’m good man.. long time no see you here

nzechu:
Draw a fib on the third candle from the right of your screen.
Enter buy now,
Take profit at the 423 of your fib. (probability of doing 685 is also possible).
Place stop loss as shown.

movement starts earnestly by 4pm though, so u can wait to enter at that time.

Analysis taken from "I feel this gonna work", goodluck



this call is made for purely educative reasons, I just wan check something

OK so trade failed. lessons learned. we move

nzechu:
witchcraftfx weekly outlook

Investment Advice
wait for price to get to that orange box. enter with all the sell energy that you have.

take profit at the line 0.81882

use the highest lot size available to you, let's blow accounts together.

Goodluck to us.

price should not defile the high of the last candle shown, if this happens trade call is invalidated.

still on the lookout for this, hoping it plays out

Seems I might flip this Gold at support

Geovanni412:



The bolded is key.

If your hand no too strong with stop loss and you want fx to be an additional source of income, you can scalp the market.

If ya capital dey like 200k naira, you fit scalp the market..

For example: You fit enter eurusd trade with 20k naira as risk and s/l at 200 pips from entry, and tp as 20-30 pips. You go dey collect urgent 2k if your analysis dey aight. If market go down 100 pips and u sure say na trend market, u can close with loss. If you have a good strike rate, u go dey aiit.

It is risky and not financial advice in any way.

But, to me, it is better than continuosly bleeding by paper cuts when your direction is correct but stop loss is what is holding you back.

Boss do you practice this?

Happy new month guys!! We go again this new month

rainlover:

Boss do you practice this?

Yes, I do.

I wouldn't advice you do it sha unless you know that your trading is good and your biggest problem is stop loss .

Also, I trade only eurusd.

If you want similar ideas like this, follow me on Nairaland. I post trading content and ideas at least once in a month.

Elliotwaveforec:

Don't make your SL public! If you want to, make it wide. Something tells me some players monitor financial fora like this to target SLs; I may be wrong.

Lol

STORY STORY O

I started my FX Live trading career on the 21st of june 2021 after one year of learning and just one month trading Demo. Profits were flowing in and it gave me the confidence that i have what it takes to suceed. I blew my first $200 live account in just 4 months. . Oh my broker(pepperstone) are after my stop losses , they always trade against me i claimed, Im done with them I said. So i switched to another reputable broker (octa fx), and to my surprise i blew up a $100 in just 10days . Omo all these brokers are the same o i said to myself, Im quitting fx.

I actually wanted to quit by my mind no gree comot , so i was still learning and doing demo, Fortunately for me i got another $150 logo job and i cashed out to fund my pepperstone account again. This is my last try i Said, If it didnt work now then im done patapata Glory be to God, the account lasted for about 4month and i was back to zero again. Finally I quit! Nothing works in Fx i said

Yeah I actually tot i quit, but my mind dey very stubborn, . So i resumed to trading demo after like 8 months of quitting . The quit don expire i think . So i opened a demo account of $200 as against the unrealistic $10000 i used to, accepted that its my fault and my losses has nothing to do with my broker. Learnt a breakout strategy and the $200 grew to $250. its the end of the year 2022. 2023 we go live again. May the lord be us

This is 2023, funded another $200. Jan was very tough. I went from profits to losses. one big win and then small losses will follow. The small small losses minus the wins accumulated to minus $30 on my account. The plan is to buy a prop account if the account gets to minus $50.

Summary Happy New Month and........................................................................... We go again

Bosses pls help look into the UJ analysis. I will love contrary opinion to have a plan B. Criticise me . I want to learn. I want to go long if the falling TL got broken and the there is a breakout of the triangle

FED must pay today.

Geovanni412:
About High and Low of Day


On wide stops:

Wide stop which is protective for scalping would be anywhere from 1-2 ATR on the daily chart.

To be very safe, go for 1.5- 2 Daily ATR

My brother, using a wider stop usually is not the better solution.

For instance, GBPUSD averages about 135 pips daily. If we go by your proposition, I will be needing about 200 pips stop loss.

Since GU gives us a maximum obtainable of about 135 pips each day, we will be putting ourselves in a bad place trading with a 200-pip stop loss.

The risk is now greater than our reward. This on its own is not bad but you will be needing a very WIN RATE to keep the system profitable.

The more correct approach is to have your risk being about half (or even lesser) of the expected reward. Let's imagine a simple entry at the 50% Fibonacci retrace with TP at the 200% expansion level. Here you are risking say 50 pips and expect to capture 150 pips profit.

I win will wipe away 3 losses. So a win rate of just 25% keeps you at break even. Anything higher than 25% tilts you into greenland (profit).

The issue of taking "many" paper cut (small) losses will be handled by your TTI (trade to implosion) which is simply the number of losses one will take before the account gets to zero. If your TTI is set to the industry standard of 50, you will need to be wrong CONSECUTIVELY for 50 times before your account implodes.

So with a $1000 account and a risk to reward ratio of 1:3
You can risk $20 per trade expecting to make $60
You will have 50 tries before the market flattens you out.

I hope this helps? The challenge is in finding that entry that can deliver at least 2 - 3 times what is risked.
I can teach you one method that gives at least 2 times the risk but you will have to pay for it or go the route of finding it for yourself.

USDJPY

sell limit at 130.28

stop loss 130. 47

Target 130.05

meshpips:
USDJPY

sell limit at 130.28

stop loss 130. 47

Target 130.05

@geovanni whilst this ain't an A+ set up, opportunities like this present many times each day.