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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts / Discussions: Season 24 (217060 Views)
Forex Trade Alerts: Season 23 / Forex Trade Alerts: Season 22 / Forex Trade Alerts: Season 20 (2) (3) (4)
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Re: Forex Trade Alerts / Discussions: Season 24 by Supremefx(m): 9:32am On May 22 |
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Re: Forex Trade Alerts / Discussions: Season 24 by DCroc: 10:03am On May 22 |
Cashhy11: Not bad. Roughly how many pips do u make per week |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 10:55am On May 22 |
DCroc:Pips count? As a scalper, I'm never gonna make so much pips. Can't really say, I've never even paid attention to it before. I just execute trades after trades. But never had a losing week for the past 8weeks now. 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 11:09am On May 22 |
Cashhy11:Guys check this out. GU has found a support at that former resistance zone that held it down for two days. But we can't just jump in, we need another confirmation, that it's truly found support. First screenshot was an H1 timeframe, while the second is M15 timeframe. Go to the 15mins TF and find a recent resistance, and wait for a candle closure above it. That's your trigger. It might not be up to 1:2rr, but at least more than a 1:1rr. This is forex, it can do all these and still hit your stoploss, so don't try this at home. From my end here, I'm waiting till 11:15 to see what this candle will do to know if I'm entering the trade or not.
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Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 11:19am On May 22 |
The resistance held, and the candle couldn't close above it. As you can see, there's a broken counter trend trendline, all needed is the price to close above the horizontal resistance and retest and break the recent high. I don't have time to monitor this. So if anyone wanna take this trade. Let it get broken, reverse, and the recent high broken after the continuation. Trade like these are almost 90% accurate. The time and patience to wait is the problem. This M5 and M15 timeframes respectively. 1 Like
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Re: Forex Trade Alerts / Discussions: Season 24 by Petah(m): 11:35am On May 22 |
Cashhy11:I am expecting it to test the 1.27115 area before it flies. . . |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 12:14pm On May 22 |
Petah:If it does that, that's breaking of structure already. I won't even bother buying anymore today if that happens. If this market can flip back up, that would make it creating a double bottom, and that cyan thick horizontal line is a pivot resistance. So many confluences all happening at once. I've set a buystop order far from the high, so I won't get activated by an ordinary wick, but instead a true candle break. We'll see how it goes. It all depends on if the support will hold enough to catapult the price up.
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Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 1:12pm On May 22 |
Petah:It's come down there bro, I'm out of the pair for the day. |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 1:22pm On May 22 |
On Gold. The 1hr is currently trending down, and the 1hr pivot is somewhere below. It's broken a support already, just waiting for retest and continuation to hop in. But on the 15mins TF, the 15mins pivot support is the one holding the price from dropping further below. I will just wait for the M15 support be broken and retested also before going in. 2 Likes
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Re: Forex Trade Alerts / Discussions: Season 24 by obajoey(m): 1:47pm On May 22 |
obajoey: Buying to the supply zone 210.00 or 212.00
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Re: Forex Trade Alerts / Discussions: Season 24 by Succhris: 1:47pm On May 22 |
Succhris: No reasonable confirmation. |
Re: Forex Trade Alerts / Discussions: Season 24 by Succhris: 1:51pm On May 22 |
Succhris: Price is finally at 1.083* zone. Buying eu 1.0835 sl1.0815 tp 1.0945
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Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 1:53pm On May 22 |
Cashhy11:This could be another angle, anything that makes than candle break out of that trendline, and break this support means the previous break was a fakeout. The major reason why I wait for break and rebreak of the previous break was just to filter out fakeouts. From the image below, the break was met with a rejection wick at the bottom, so doesn't look convincing enough. We don't predict, we only react to market behaviors. I will buy this if this happens too. 1 Like
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Re: Forex Trade Alerts / Discussions: Season 24 by DCroc: 2:05pm On May 22 |
Cashhy11: Majority ignore the efficacy of break & retest. Great it's part of ur system. NB: break & retest. Not break & retouch @all |
Re: Forex Trade Alerts / Discussions: Season 24 by Petah(m): 2:09pm On May 22 |
Cashhy11:okay bos s. |
Re: Forex Trade Alerts / Discussions: Season 24 by Petah(m): 2:58pm On May 22 |
If eu close bullish today I will be looking for longs tomorrow if not. I remain bearish sheot term. |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 3:16pm On May 22 |
Cashhy11:The break was aggressive, if it can pull back and continue. I will put the SL at the top of the pullback and set to the next demand zone. But doesn't look something that wanna pull back a little.
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Re: Forex Trade Alerts / Discussions: Season 24 by obajoey(m): 3:24pm On May 22 |
Succhris: Look like it will drop to 1.08200 or 1.0800 before the upturn. #opinion |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 3:45pm On May 22 |
Cashhy11:Invalidated, price kept bleeding downside so bad. |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 3:53pm On May 22 |
EurNzd long. Once any 15mins candle closes above that 1.77338, long it and leave it. But please breakeven when price reaches that purple zone 1.77597 and let the rest ride to TP or reverse to your BE point. It could also not go up at all and head to your SL straight up, this is forex, don't try this at home. The rr is 1:1.43.
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Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 4:02pm On May 22 |
DCroc:It has to be. If I don't make many and strict rules for myself. I might have 20trade opportunities daily which is bad. So I had to become more rigid and filter, filter and filter till the opportunities left are not more than 2-3daily. I've only had 6trades this week so far. Let go of more than 10 already. 2 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 4:12pm On May 22 |
Cashhy11:Trade activated. Let's see what price wants to do.
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Re: Forex Trade Alerts / Discussions: Season 24 by Succhris: 4:23pm On May 22 |
obajoey:Very much valid. Should this level fail to hold,I have another poi at 1.079* region, If price gives a reasonable confirmation. Risk management is the holy grail cos there is no sure trade 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Succhris: 4:26pm On May 22 |
Looking forward to long gold from this zone, if I get enough confirmation before market close.
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Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 4:38pm On May 22 |
Become a serious trader by mastering these key elements: Every serious trader has a trading plan! Proper Risk Management Ensure you manage your risk effectively to protect your capital and enter trades with a lot size appropriate to your account. Suitable Market Conditions Trade only when market conditions are suitable. Avoid trading when there are many fundamental news releases, and you don't have a well-mapped fundamental situation, as the outcome of fundamental news can bring high volatility that may jump over your planned SL. Planned Exit Points Always have a clear exit strategy. Always determine in advance where your transaction will end, whether it’s TP or SL. Well-Thought-Out Entry Points Make informed decisions about when to enter a trade. Prepare precisely before entering a trade, mark the places where it is worth to buy or sell. Wait for the market to come to where you want to enter the trade. Be patient! Well-Analyzed Trading Instrument Deelpy analyze the instruments you trade. Enter trades on those trading instruments that you have well mapped out and know their trend, when they have high volatility, or if there are fundamental news coming, and whether this trading instrument suits your trading style. Emotions Under Control Keep your emotions in check to make rational trading decisions. Always stay calm and stay above the situation! Focus on these fundamentals to enhance your trading success. Copied 3 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 4:40pm On May 22 |
Cashhy11:If you took this trade, you can break even now. I'm not breaking even, market can reverse and take me out and head up. But where my current SL is. Anything that makes price come there means market has changed direction. I'm going out and won't be able to monitor this trade any longer. Till 6pm.
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Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 5:29pm On May 22 |
samfelly: 👌 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 5:49pm On May 22 |
Cashhy11:It's almost 6pm, so I'm done for the day, trade closed with partial profits. It rejected where we predicted as usual. Next!
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Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 5:52pm On May 22 |
samfelly:I don't know who wrote this, but for real this is like describing the new me. Hopefully I reach my full potential. I do everything listed there week in week out for the past few months. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 6:12pm On May 22 |
samfelly: 💯💯 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 6:50pm On May 22 |
Cashhy11:It's not luck, it's not prayer. It's pure price action that happens more than 80% of the time. It's still heading up, but discipline is discipline, anything above 6pm I'm done for the day. Modified: Up we go😊 47pips. 1 Like
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Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 6:52pm On May 22 |
FOMC NEWS is in 8 mins Tears or smiles...we shall see |
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