Davigle:
Morning folks.
I would like to ask everyone here a quick question out of curiosity.
If perhaps you were trading a huge capital for your clients that amounts to a billion dollars or maybe hundreds of million dollars, would you post that on social media?
Secondly would you be selling courses or signals despite being being funded with such a huge capital...🤔

I won't post it but that doesn't mean I won't say it , it all depends on choice and the agreement btw me and my client, to your other question, has elon musk the richest man on earth stopped selling his cars just because he is rich?, I know you are probably referring to Dapo Willis but you are asking the wrong question the question should be does his strategy work, there is no limit to the amount you can earn once you have a working strategy.

Jameselias:
Choose maximum 2 pairs:

- EURUSD
- XAUUSD
-EURGBP
- GBPUSD
- EURJPY
-NZDCAD

Choose one % of risk:

- 1%
- 0,5%
- 0,3%

Choose maximum 2 confirmations:

- Fake CHoCH
- Orderblock
- RSI
- Fibonacci
- S& Zones
- Liquidity grab
- FVG
- Good CHoCH

How would you create your strategy

Gold & Gu
0.5%
S& Zones and Liquidity grab

Davigle:
Morning folks.
I would like to ask everyone here a quick question out of curiosity.
If perhaps you were trading a huge capital for your clients that amounts to a billion dollars or maybe hundreds of million dollars, would you post that on social media?
Secondly would you be selling courses or signals despite being being funded with such a huge capital...🤔

No and No.

DXYY:


Medical student abroad or in nigeria? Cos I know alot of Medical practitioners that are being owed salaries , and las Las nothing beats working and getting paid from home, but the profession he has can enable him learn forex with ease till he gets it.

Bros imagine say u blow akant few days to Exams, the way your result slip go be like Red pips ehn, u go understand why Bible say you cannot worship 2 masters at the same time😁

Proudpolygamist:


Bros imagine say u blow akant few days to Exams, the way your result slip go be like Red pips ehn, u go understand why Bible say you cannot worship 2 masters at the same time😁

🤣🤣🤣

Proudpolygamist:


Bros imagine say u blow akant few days to Exams, the way your result slip go be like Red pips ehn, u go understand why Bible say you cannot worship 2 masters at the same time😁

Zowee10:


Gold & Gu
0.5%
S& Zones and Liquidity grab

good one 👏👏

RKTexpert:
OTE suppose play out here
On eurusd buy
Should e no pickup entry buh kon go nudge the proposed TP Line, naa to abort dz trade

I have just taken SL to my Entry

RKTexpert:
I have just taken SL to my Entry

if it takes me out I will let it play out on my other account short-term swing style to protected TP target: my reason is that price is still near midnight open price which had so far rejected price three times marking approximately as both the Asian and London lows respectively as it stands...and since my overall bias is still bullish for eurousd and i will just observe price prior to the new York a.m session open by 12pm bcuz I won try avoid wicky and spiky Monday behavior

Modified


Trade closed with little profits....e no even wait make 12 knack: why did I close, yes...I closed trade bcuz prior to NY a.m open, price fit just retrace like witch go sweep both relatively previous market sessions lows....before going forward and sometimes it won't happen

Ibrahimlagosian:
@Gabsonfx2,Peteregwu other swing bosses.
Good morning bosses,I hope you spent your weekend well.i'm preparing an extensive change in my trading career by opting for
the swing trading style and I've also notice most bosses here emphasize on focusing on very few pairs like 2.But,i believe this may be useful only to day traders and scalpers.
So my question is,how many instruments should i consider adding to my watchlist and what of type?.I would gladly appreciate your response.Good morning once again.

As for me, to be frank with you, I trade many pairs depending if it meets my strategy. There is no pair I love more than the other, the moment I see any pair that is giving me a trading opportunity based on my style, I go for it. But I am always careful not to overtrade and also mindful of the lotsize I use as well.

Trading is not 1 big trade, real successful trading involves thousands of trades.

Embrace consistency and discipline, enjoy the process and not the outcome.

Learn from each trade you take, learn from your emotions before, during and after the trade.

RKTexpert:
I have just taken SL to my Entry

Na una dey dull my gu bear move

Donsheddy:


Na una dey dull my gu bear move

🙆 ah AAA!

Geovanni412:


Update:

Market printed a bearish bar with a long tail on 4h chart ...

On lower timeframe like the 5 min chart, market is making a double bottom , so I think the market will target the 1936 -1953 area once it breaks the 1912 zone

Update:
Moved stop loss to entry from picture...

Holding onto it and seeing how it goes

It could range and stop me out or continue the upward projection smoothly

If it still looks like it will range downwards by 12:30-12:45 pm, I'll take any small profit I have and wait till 2pm

Any new entry would be based on analysis after 2pm.

S

EURCHF waiting patiently for the price to get to my channel for a possible Long.

Ibrahimlagosian:
@Gabsónfx2,Péteregwu other swing bosses.
Good morning bosses,I hope you spent your weekend well.i'm preparing an extensive change in my trading career by opting for
the swing trading style and I've also notice most bosses here emphasize on focusing on very few pairs like 2.But,i believe this may be useful only to day traders and scalpers.
So my question is,how many instruments should i consider adding to my watchlist and what of type?.I would gladly appreciate your response.Good morning once again.

Hello,
In order for me to get a good grasp of swing trading, I started out with as much pairs as possible. The point was not to "understand the pair" but to understand what swing trading felt like. With more pairs at one's disposal, the higher the frequency of setups one experiments with.

However, as I continue to improve with my little understanding of the trading style, I have reduced my trading pairs to just 2.

Attached is what my watchlist looks like.

charly20:


Hello,
In order for me to get a good grasp of swing trading, I started out with as much pairs as possible. The point was not to "understand the pair" but to understand what swing trading felt like. With more pairs at one's disposal, the higher the frequency of setups one experiments with.

However, as I continue to improve with my little understanding of the trading style, I have reduced my trading pairs to just 2.

Attached is what my watchlist looks like.

Cont'd:

If you wish to practice with one or two pairs only, here's some common sense that eluded me for several months;

Trading has only 2 outcomes; win or loss.

If an execution results in a loss, it simply means taking the reverse position is most likely going to give a win (of course, following individual entry requirements).

This reduces any tendency of panic. I think it also grants me a better understanding as to why Mr. GabsonFx2 laughs at his losses.

I wish you good luck.
Cc. Ibrahimlagosian.

Spxz:
S

If you didn't call it before execution, the execution itself is useless to this community.

Nothing to learn from it.

Geovanni412:


Update:
Moved stop loss to entry from picture...

Holding onto it and seeing how it goes

It could range and stop me out or continue the upward projection smoothly

If it still looks like it will range downwards by 12:30-12:45 pm, I'll take any small profit I have and wait till 2pm

Any new entry would be based on analysis after 2pm.

Update....

Closed majority of my initial position...

Here's what I'm looking at ..

If the order fills, then fine..

Modified:

Filled and moving fine for now ..waiting till close of bar by 2pm.

charly20:


Hello,
In order for me to get a good grasp of swing trading, I started out with as much pairs as possible. The point was not to "understand the pair" but to understand what swing trading felt like. With more pairs at one's disposal, the higher the frequency of setups one experiments with.

However, as I continue to improve with my little understanding of the trading style, I have reduced my trading pairs to just 2.

Attached is what my watchlist looks like.

Hello bro, I also trade usoil, uhm you might sharing how you use ukoil or dxy as an indicator for usoil?

Geovanni412:


Update....

Closed majority of my initial position...

Here's what I'm looking at ..

If the order fills, then fine..

Modified:

Filled and moving fine for now ..waiting till close of bar by 2pm.

Update:

Moved entry 2 to breakeven. Wait and see how it plays out.

Danger of market ranging.

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Drslime0:
Hello bro, I also trade usoil, uhm you might sharing how you use ukoil or dxy as an indicator for usoil?

Oh, the dxy is for Euro, my man.

Attached in the images below is how I use ukoil to track Usoil's price.

It is divergence just like what RSI does but instead of an RSI indicator a known pair/asset is used to track relative strength.

Dxy and GU serve the same function for EU.

Correlation cannot help you to trade


As a day trader, correlation will only confirm your bias (confirmation bias)

You will only see what you want to see after comparing both charts


It's either that or you will end up being confused and do nothing.

The only usefulness of correlation for a day trader is to decide on pair selection and risk apportionment.

If correlation between dxy and eurusd is key to your trading, what stops you from risking 40- 100% of your acct?

Why are you still having losing trades?

The answer is called confirmation bias

Links:
https://www.adaptivlearning.com/blog/confirmation-bias#:~:text=Confirmation%20Bias%20is%20the%20tendency,for%20stuff%20we%20don't.

In Forex, for every 75 pips profit, what should my stop loss be?

I don’t use Stop Loss in my trades - haven’t used them since 2009 when I realized that there was stop loss hunting going on.

What I did was study my charts and try and place my trades in places where the market will move in my favor after a small drawdown.

I spent most of my time studying the candlesticks. It was the best investment i have ever made. They do tell you a lot about what is going on in the market and what to expect later.

But when I started trading , i used to place 30 pip stops and it gets hit everytime. Sometimes it gets hit, then the market continues to the direction that I thought it would go. That used to annoy me alot.

The market fluctuates and I see that most traders place their trades right in the middle of the trend. It is not because they wanted to , it is because that is what technical indicators do. Technical indicators are lagging indicators, by the time they indicate to you that it is time to place your trade, it is already too late…and it puts you right in the middle of uncertainity ( the middle of the trend) where the market tends to whipsaw alot and cut alot of traders out.

Therefore, no matter how much stop loss you place, you will still lose because you are right in the middle of the action. If you place your trades somewhere close to the top of a downtrend or somewhere close to the bottom of an uptrend, you will be safe from all those whipsaws. While other traders are on red alert and running around like a headless chicken trying to figure out why they have been cut off, you will just be riding the waves until the trend dies.

But, if you still want to place a stoploss after all that i have said - place a 200 pip stop. That is the only way you can make it out of there.

The advise above is from a trader that is consistent and profitable.🙏

EASYLIFE4US:
In Forex, for every 75 pips profit, what should my stop loss be?

I don’t use Stop Loss in my trades - haven’t used them since 2009 when I realized that there was stop loss hunting going on.

What I did was study my charts and try and place my trades in places where the market will move in my favor after a small drawdown.

I spent most of my time studying the candlesticks. It was the best investment i have ever made. They do tell you a lot about what is going on in the market and what to expect later.

But when I started trading , i used to place 30 pip stops and it gets hit everytime. Sometimes it gets hit, then the market continues to the direction that I thought it would go. That used to annoy me alot.

The market fluctuates and I see that most traders place their trades right in the middle of the trend. It is not because they wanted to , it is because that is what technical indicators do. Technical indicators are lagging indicators, by the time they indicate to you that it is time to place your trade, it is already too late…and it puts you right in the middle of uncertainity ( the middle of the trend) where the market tends to whipsaw alot and cut alot of traders out.

Therefore, no matter how much stop loss you place, you will still lose because you are right in the middle of the action. If you place your trades somewhere close to the top of a downtrend or somewhere close to the bottom of an uptrend, you will be safe from all those whipsaws. While other traders are on red alert and running around like a headless chicken trying to figure out why they have been cut off, you will just be riding the waves until the trend dies.

But, if you still want to place a stoploss after all that i have said - place a 200 pip stop. That is the only way you can make it out of there.

The advise above is from a trader that is consistent and profitable.🙏

Nice one, chief

At the bolded, it depends on the instrument

I'd suggest that the trader who is being hunted like mad by villagers check the weekly atr and place stop loss with that value

For eurusd, that is about 200 pips but on pairs like gbpaud, that is about 300 pips

charly20:


Oh, the dxy is for Euro, my man.

Attached in the images below is how I use ukoil to track Usoil's price.

It is divergence just like what RSI does but instead of an RSI indicator a known pair/asset is used to track relative strength.

Dxy and GU serve the same function for EU.

. Ohhh! Thanks bro.

EASYLIFE4US:
In Forex, for every 75 pips profit, what should my stop loss be?

I don’t use Stop Loss in my trades - haven’t used them since 2009 when I realized that there was stop loss hunting going on.

What I did was study my charts and try and place my trades in places where the market will move in my favor after a small drawdown.

I spent most of my time studying the candlesticks. It was the best investment i have ever made. They do tell you a lot about what is going on in the market and what to expect later.

But when I started trading , i used to place 30 pip stops and it gets hit everytime. Sometimes it gets hit, then the market continues to the direction that I thought it would go. That used to annoy me alot.

The market fluctuates and I see that most traders place their trades right in the middle of the trend. It is not because they wanted to , it is because that is what technical indicators do. Technical indicators are lagging indicators, by the time they indicate to you that it is time to place your trade, it is already too late…and it puts you right in the middle of uncertainity ( the middle of the trend) where the market tends to whipsaw alot and cut alot of traders out.

Therefore, no matter how much stop loss you place, you will still lose because you are right in the middle of the action. If you place your trades somewhere close to the top of a downtrend or somewhere close to the bottom of an uptrend, you will be safe from all those whipsaws. While other traders are on red alert and running around like a headless chicken trying to figure out why they have been cut off, you will just be riding the waves until the trend dies.

But, if you still want to place a stoploss after all that i have said - place a 200 pip stop. That is the only way you can make it out of there.

The advise above is from a trader that is consistent and profitable.🙏

200pips SL is ridiculously huge,what about your RR? For me risk management and very good RR is what keeping my account in the positive despite the fact my loss is more than my wins.
I think this is common when you have a tight SL,when I set SLs I try to give room for price to breath so most times when i get taken out price would go the opposite direction.but what do I know??

Thanks for the insight man.i appreciate it.

What made me asked this question was that i really affirm the fact peteregwu is a nice swing trader.When i was reading through his posts and the hundreds of pips of profits he get from his trade,i was really really amazed.This guy's winning system really motivated me to
go for swing trading as it will help me balance my school work with my trading actvities too.
What i notice is that peteregwu trade many pairs.it seems like he analyse every pair and check whether his edge is present but Gabsonfx2 doesn't trade many instrument.He mostly trade US30,Oil, gold and recently GA .
It seems like he mastered their movement rather than looking out for a particular edge in them.
That was what's making me contemplate wether as to follow peteregwu's style or Gabsonfx2's style.But i think i'll try out trading as many as 10 and eventually reduce it overtime just like you said.i'll check what will work out for me.

charly20:



Cont'd:

If you wish to practice with one or two pairs only, here's some common sense that eluded me for several months;

Trading has only 2 outcomes; win or loss.

If an execution results in a loss, it simply means taking the reverse position is most likely going to give a win (of course, following individual entry requirements).

This reduces any tendency of panic. I think it also grants me a better understanding as to why Mr. GabsonFx2 laughs at his losses.

I wish you good luck.
Cc. Ibrahimlagosian.

You mean it's not suppose to be part of confluences?

Geovanni412:
Correlation cannot help you to trade


As a day trader, correlation will only confirm your bias (confirmation bias)

You will only see what you want to see after comparing both charts


It's either that or you will end up being confused and do nothing.

The only usefulness of correlation for a day trader is to decide on pair selection and risk apportionment.

If correlation between dxy and eurusd is key to your trading, what stops you from risking 40- 100% of your acct?

Why are you still having losing trades?

The answer is called confirmation bias

Links:
https://www.adaptivlearning.com/blog/confirmation-bias#:~:text=Confirmation%20Bias%20is%20the%20tendency,for%20stuff%20we%20don't.