Arcmida:
Hi house, here again. Who trades synthetics here

I do

You have a lot to learn, don't trade with real money for now

Arcmida:
Hi house, here again. Who trades synthetics here

I do

dmahn:
Please Read!! . Check the attached screenshot before reading for better understanding

Just like I once said here, I have 100% loosing streak on GBPAUD. Like I've never won any of my GA trades, I held that bias and gave it another trial last Friday, the opportunity looks good to be ignored that I jumped in with a poor RR (Friday has happened to be one of my worst day combined with the trading one of my worst pair) Market put a smile on my face when a strong bearish breaks 1.89897 only for price to create a strong bullish move that closed about the high and started moving towards my SL, only for me to get lucky by price reversing few pips to my SL and an inverted hammer shows up, A strong buy signal has shown up while I'm selling, the market was fair enough that it gave me enough reason to close at BE but I was just holding on to my sell, the strong buy signal might be a trap too I said to mysef... Inshort price reversed and finally took my stop loss. 2nd picture

AUDUSD has done exactly the same thing, sellers break 0.66858 only for a strong bullish candle closes above the swing and reversed few pips from my SL as well. I'm currently holding this trade in profit but im afraid price might reverse from that point and go back to SL just like GA did. If I am to judge based on what GA did I will close my sell and buy instantly when market opens... Its been giving me headache, I don't wanna set BE and price takes me out on BE and moved to my TP

Please advice

Like I said, you have a lot to learn bro, I just looked at GBPAUD, it is on a serious uptrend, you can check daily timeframe to see it, one thing I will advice you is don't trade against the trend, not the trend in lower timeframe but on higher time frame like daily or 4hrs, there is also a bunch of thing I look for more than a trend, I am an ICT trader. You can see the GBPAUD is on buyside delivery to take out buyside liquidity on daily timeframe, you can also see fvg above that liquidity which is where price is drawn to, looking at your other I don't know if you trade 1:1R which is not ok because you will not win all the time. Just continue learning everyday, I was once like this but don't think of funding live account right now. When done with technical analysis read a good psychology book called "Trading in the zone by Mark Douglas" trading consist of 80% of psychology.

Davigle:
Shout out to kozmicity, abham, rhynoemmie and karkinase. Hope you guys are doing good...

Mehn it’s been a hell of a ride and the year hasn’t even gone far.

But thanks for checking up bro. Na Man U b

abbas01:


Right now, I trade using technical analysis, but I want to eventually incorporate fundamentals as well. Mutumina @davigle, based on your posts, it appears that you are a force to be reckoned with when it comes to fundamental analysis. I was wondering if you could help shed light on some basic information for a layman like me on events such as NFP, CPI, etc. I came across a post here (with a lot of grammar) wey someone mentioned BISI too, lol. What are they? How do they influence trading? And when to look out for them? What are the actions to take during these news/events? I wanted to get in touch with you directly, but I decided to put it out here so other rookies can benefit from the information you share. I appreciate your support and prompt response to my messages offline. Thanks!

Kudos to you on your progress and pls always have this in your mind that Rome was not build in a day, it will definitely take time before you begin to see consistency in your trading, you only need to persevere and continue to learn and study because once you master trading, you've literally gotten yourself an ATM machine for life, and that skill can neva be taken from you, considering that you are just relatively new into trading, I strongly will advise you to focus more on your technicals first before you begin to incorporate fundamentals into your analysis, doing that without a strong Technicals will wreck you, because fundamentals is more wide than technicals. but just take one step at a time before you start adding more tools to your tool box. To answer your question on fundamentals, there are two things you need to understand about fundamental analysis, and that is;
1. Understanding the market players and their role in the market place. the market players/participants if you remember your forex 101 (Babypips), they are central banks, big banks or investment banks, Hegde funds, commercial banks, brokers, and retail traders. All this are the market participants, but the most important class or group are the central banks and the big banks to some extent but more specifically the central banks. The central banks solely control the financial markets and they do that in the form of monetary policies. They are most powerful entities in the financial market aka the apex predators. The big banks can also move the markets by placing large positions in the market place but even they too always align theirselves with the central banks monetary policies. I dare to say that the central banks also manipulates the markets not everytime but they do it, through their speeches like the FOMC meeting, through manual intervention, check your charts on USDJPY in November when the pair went up as high as 150/151 level the Bank of Japan manually intervene in the price of USDJPY causing it to fall about 400pips or so in 1 minute, no big bank can ever do that, another example is the crash that happened in 2015 on all chf pairs you can check eurchf, when the swiss bank temporary took off the peg on the chf to the EUR, the pair fell heavily, a lot of brokers we liquidated, some famous brokers like fxcm declared bankruptcy before the the got to their rescue.
2. Monetary policy: this is the tool the central banks used to stimulate the economy and move the financial markets, this involves interest rates, GDP, retail sales, CPI, PPI, ISM, NFP and so on. all these are reports that you see on an economic calendar. all these are economic indicators, and the central banks uses this to guage how well or bad an economy is performing and they make decisions based off this indicators. Note this are not the only tools that the central banks use, there are also many other tools that they use but, these are kind of the major indicators that shows the health of an economy.

So you can see how wide it is and it is not something a newbie should go into, without first getting some level of experience in the market place, and I'm not peddling that you need to factor in fundamentals before you can be profitable, there are traders here who don't use fundamentals and they have been consistently profitable like boss Gabsonfx2 and peteregwu are some who I greatly respect here. My use of fundamentals stems from my personal research and choice, I realize that the big banks, hedge funds, and even quants (those that trade algorithms or hft) take note of fundamentals into their trading and they've been here for decades managing very huge and massive capitals. hope you find it insightful and I'll willing to help you out on here if you have any questions. For the BISI part it's called ICT concepts, it is a different school of thought in the world of technical analysis, just like the supply and demand traders or the smc traders and so on, it is not easy to learn but all I will say is that there are many roads that lead to Rome, the end goal is to be profitable in this market through proper management of risk, the tool or style that you use is irrelevant, it doesn't matter becos, a skill or style is only as good as the user. So just pick a style and dedicate your time and effort to it and with time I guarantee you, you will definitely see progress irrespective of what style you use.

I apologize for writing a long post. cheers

Omo I just went to through the previous posts and I am already smelling VAWULENCE, indeed this year tru true make we no dey gree for anybody,
oya let the carnage begin in 3.2.1............

main24:
What you eat before/during active trading session is important.
- No carbs, sugar, coffee, etc

YOU SAY WHATTTTT

let's vote

tft or fundednext

one step or 2 step(which is easier to pass) one step is 3% drawdown 3 step is 5percent

greatcheer:
let's vote

tft or fundednext

one step or 2 step(which is easier to pass) one step is 3% drawdown 3 step is 5percent

I prefer the one step, just one step and u are funded. And then yes it's fundednext cos they are balance based. But I think TFT also has a balance based model

Davigle:
VAWULENCE, ......

I hope u re not referring to me, if yes, then u have to re-smell again. I clearly don't have any second to waste on anyone on here again, not now, not in d future.

nzechu:
I prefer the one step, just one step and u are funded. And then yes it's fundednext cos they are balance based. But I think TFT also has a balance based model

thanks

pristinee:


I hope u re not referring to me, if yes, then u have to re-smell again. I clearly don't have any second to waste on anyone on here again, not now, not in d future.

Boss ahno see ya post ooo ☹️ d post wey ah dey see na d wan wey dey dis current page

greatcheer:
let's vote

tft or fundednext

one step or 2 step(which is easier to pass) one step is 3% drawdown 3 step is 5percent

In my humble opinion, I'd go with the 2 step challenge because 5% drawdown is a much more comfortable room to work with than 3%. Your strategy needs to have a very high strike rate and win ratio inoder to work with the 3% drawdown even as a scalper 3% is way too tight of a draw down in case of a loosing streak.

Evening folks, here's my forecast for the week, personally I won't be trading 2moro becos of the public holiday in the US Martin Luther king day, and there maybe no volatility in my asset class.

DXY 👇:
Overall I am very much still bearish on the dollar.

BTCUSD
I am bearish on the digital gold and I see a potential MMSM in play on it

USOIL
Alas my nemesis, I know that I have been unfortunate when it comes to this particular market, but I won't give up on it, no pain no gain is the motto, still bearish on it from the HTF although geopolitical tension did supported the black gold last week as US and UK are carrying out a joint strike on the houthi's in Yemen rising worries of an escalation to a much wider conflict in the middle east. We may potentially see oil and gold gap up at market open because the joint strike carried out more airstrikes in yemen yesterday. But once we don't see an escalation of the conflict, the market may just price in the event and then begin to move lower...

XAUUSD
I am bullish on the yellow metal, and I see a MMBM in play on it. US treasury yields are really week and are set to decline further down this week which will definitely weigh down the dollar, making it to fall this should lift gold up...

greatcheer:


btc 40k, maybe 38k then up to 100k

🤞🤞, let's see how it goes.

peteregwu:


🤞🤞, let's see how it goes.

BTC is going down, down, down.......

Hi guys I'm finding it difficult to fund my prop firm account. Fundingpips In Particular, the challenge is $32 but USDT charges is 45 USDT.

Would anyone suggest best way to make payments at low cost

Try litecoin

gnykelly:
Hi guys I'm finding it difficult to fund my prop firm account. Fundingpips In Particular, the challenge is $32 but USDT charges is 45 USDT.

Would anyone suggest best way to make payments at low cost

GabsonFX2:
Follow this timeline:

Paper backtesting (This means you will need to look at the charts from history) - 1 month
Demo trading, applying what you discovered from paper backtesting - 3 months
Live trading with cent account - 3 months
Live trade with regular dollar account - 1 to 3 months
Withdraw only the profits from live trade and buy at least two prop accounts, trade prop account - forever
Now withdraw profits from prop accounts each month, and buy more prop accounts - forever

Expand!

In one year, re-examine yourself

Wow! Looks like a solid and feasible blueprint. I'll take the time and adhere to it diligently. I have taken a screenshot and saved it for reference. Thank you so much for your time. Much appreciated!

VeeVeeMyLuv:


You don't need all these bogus info, just take it as a business that's all. The basics alone can see you through. Even with only naked candle stick.in Market structure we hv range and trend. Range you supposed to stay out/hands off except you can trade it. That's what give all traders most losses. The reason we hardly see anyone here drop alerts on EURCHF!

Then trend market we should trade.

Well noted boss, thank you so much for the info. Cheers!

Davigle:


Kudos to you on your progress and pls always have this in your mind that Rome was not build in a day, it will definitely take time before you begin to see consistency in your trading, you only need to persevere and continue to learn and study because once you master trading, you've literally gotten yourself an ATM machine for life, and that skill can neva be taken from you, considering that you are just relatively new into trading, I strongly will advise you to focus more on your technicals first before you begin to incorporate fundamentals into your analysis, doing that without a strong Technicals will wreck you, because fundamentals is more wide than technicals. but just take one step at a time before you start adding more tools to your tool box. To answer your question on fundamentals, there are two things you need to understand about fundamental analysis, and that is;
1. Understanding the market players and their role in the market place. the market players/participants if you remember your forex 101 (Babypips), they are central banks, big banks or investment banks, Hegde funds, commercial banks, brokers, and retail traders. All this are the market participants, but the most important class or group are the central banks and the big banks to some extent but more specifically the central banks. The central banks solely control the financial markets and they do that in the form of monetary policies. They are most powerful entities in the financial market aka the apex predators. The big banks can also move the markets by placing large positions in the market place but even they too always align theirselves with the central banks monetary policies. I dare to say that the central banks also manipulates the markets not everytime but they do it, through their speeches like the FOMC meeting, through manual intervention, check your charts on USDJPY in November when the pair went up as high as 150/151 level the Bank of Japan manually intervene in the price of USDJPY causing it to fall about 400pips or so in 1 minute, no big bank can ever do that, another example is the crash that happened in 2015 on all chf pairs you can check eurchf, when the swiss bank temporary took off the peg on the chf to the EUR, the pair fell heavily, a lot of brokers we liquidated, some famous brokers like fxcm declared bankruptcy before the the got to their rescue.
2. Monetary policy: this is the tool the central banks used to stimulate the economy and move the financial markets, this involves interest rates, GDP, retail sales, CPI, PPI, ISM, NFP and so on. all these are reports that you see on an economic calendar. all these are economic indicators, and the central banks uses this to guage how well or bad an economy is performing and they make decisions based off this indicators. Note this are not the only tools that the central banks use, there are also many other tools that they use but, these are kind of the major indicators that shows the health of an economy.

So you can see how wide it is and it is not something a newbie should go into, without first getting some level of experience in the market place, and I'm not peddling that you need to factor in fundamentals before you can be profitable, there are traders here who don't use fundamentals and they have been consistently profitable like boss Gabsonfx2 and peteregwu are some who I greatly respect here. My use of fundamentals stems from my personal research and choice, I realize that the big banks, hedge funds, and even quants (those that trade algorithms or hft) take note of fundamentals into their trading and they've been here for decades managing very huge and massive capitals. hope you find it insightful and I'll willing to help you out on here if you have any questions. For the BISI part it's called ICT concepts, it is a different school of thought in the world of technical analysis, just like the supply and demand traders or the smc traders and so on, it is not easy to learn but all I will say is that there are many roads that lead to Rome, the end goal is to be profitable in this market through proper management of risk, the tool or style that you use is irrelevant, it doesn't matter becos, a skill or style is only as good as the user. So just pick a style and dedicate your time and effort to it and with time I guarantee you, you will definitely see progress irrespective of what style you use.

I apologize for writing a long post. cheers

Awesome! Words! Great piece boss, thank you so much for this insightful write up, e no too much ooo. As always, I sincerely appreciate you taking the time to assist. You are such a great source of information in this forum. Much respect, and have a productive week. Cheers!

Oil prices are still reluctant to rise higher despite the escalation of the war in the Red Sea, although prices rose to level 75, eventually, the price returned to the 72-level price. The latest news The Biden Administration took one more baby step towards refilling the nation's Strategic Petroleum Reserves (SPR), announcing on Friday a request for proposals for another 3 million barrels of crude oil for May delivery.

Please house where can i see good and reliable forex signal?

adeola207:
Please house where can i see good and reliable forex signal?

The best way to see good forex signals is to learn how to trade yourself. That way What you are seeing is very clear.

gnykelly:



The best way to see good forex signals is to learn how to trade yourself. That way What you are seeing is very clear.

It takes time to build the confidence to trade on your own with signals you generated. He might not have that time.

By the way... I need a scalping strategy that actually works. Let me test run on demo

LOOKING TO CATCH SOME SOLID SELLS!!!

nzechu:
A witch's map

Let's see if this is concept, cos these days i be seeing double.

It's a Buy trade
Entry was 23%
Another entry can be 61%


SL ideally should b 0%, I will like to use 23%

Tp 423%


Witchcraftfx concept exam:
1. If this were a witchcraftfx true fib, which of these levels is price most likely to respond from to make the 423% movement
A. 61%
B. 50%
C. 38%

dey play, but if it works it works