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Forex Trade Alerts / Discussions: Season 24 - Business (280) - Nairaland

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Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 12:44pm On Jun 03
Cashhy11:
Good morning, this is what I'm seeing on EU, I believe it's going up to retest that resistance. But there's a little demand zone here I will be hoping and waiting it can retest before it heads up. 1:.3.76rr. Have a profitable week ahead brothers.
SL hit on this one😞. One of the disadvantages of using limit orders instead of watching for reactions at your eyeing zones. It ignored the support and went further down to retest the next support instead before rallying up.

The only trade I shared here. The other two I didn't share went as planned.
Apologies to anyone who took this.

Re: Forex Trade Alerts / Discussions: Season 24 by bnanny: 2:20pm On Jun 03
Cashhy11:
SL hit on this one😞. One of the disadvantages of using limit orders instead of watching for reactions at your eyeing zones. It ignored the support and went further down to retest the next support instead before rallying up.

The only trade I shared here. The other two I didn't share went as planned.
Apologies to anyone who took this.
Bro are you trading prop or demo? I'm wishing you best of luck
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 2:48pm On Jun 03
bnanny:

Bro are you trading prop or demo? I'm wishing you best of luck
Live funded already. Awaiting my first withdrawal in about a week time. Thanks bro, wish you the same and more.

5 Likes 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by obajoey(m): 3:01pm On Jun 03
Cashhy11:
SL hit on this one😞. One of the disadvantages of using limit orders instead of watching for reactions at your eyeing zones. It ignored the support and went further down to retest the next support instead before rallying up.

The only trade I shared here. The other two I didn't share went as planned.
Apologies to anyone who took this.

Waiting for reactions around key zones is even a risk management strategy for me.

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by bnanny: 3:24pm On Jun 03
Cashhy11:
Live funded already. Awaiting my first withdrawal in about a week time. Thanks bro, wish you the same and more.
Amen. This is grace at work, more grace my bro.
How much funded account?
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 3:36pm On Jun 03
bnanny:

Amen. This is grace at work, more grace my bro.
How much funded account?
15k bro.
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 3:43pm On Jun 03
obajoey:


Waiting for reactions around key zones is even a risk management strategy for me.
Most times, limit orders helps pick trade at better prices in a case you're not online. We don't have our own trade station yet, and can't always be in front of screen monitoring price. So limit orders comes in handy in such scenarios.

That's why good Risk-to-reward is key. Even if person dey online dey watch reactions all day, trade wey go lose go still lose. Good RR helps to tilt the odds in one's favour.
Re: Forex Trade Alerts / Discussions: Season 24 by bnanny: 3:50pm On Jun 03
Cashhy11:
15k bro.
Wow very good. Easy and steady wins the race. You'll win always.
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 4:31pm On Jun 03
Cashhy11:
Good morning, this is what I'm seeing on EU, I believe it's going up to retest that resistance. But there's a little demand zone here I will be hoping and waiting it can retest before it heads up. 1:.3.76rr. Have a profitable week ahead brothers.
Hmmm😞

Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 4:38pm On Jun 03
@Peteregwu, your apprentice needs advice o. What are some of the things you look out for to predict this particular zone should hold price from falling further before it reverses price to your predicted direction?

Just a little advice from a pro like you will go a long way. If I stopped trading for the rest of the week. I've already made more than I made the entire last week by just waiting for retest before joining. 2% up for the week by just risking 0.5% with two won trades and one lost trade. All thanks to your previous posts I learned from.

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 7:05pm On Jun 03
Cashhy11:
15k bro.

Na 15k account you dey use 1 lot size for shocked.. Ọmọ level dey to this confidence thing oo... I no fit try am...Well trading style dey different sha.. Even with the lot size your SL hit still dey reasonable.. If i try am with my style and stoploss hit, like 5 percent don go be that cheesy

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 7:55pm On Jun 03
dmahn:


Na 15k account you dey use 1 lot size for shocked.. Ọmọ level dey to this confidence thing oo... I no fit try am... Well trading style dey different sha.. Even with the lot size your SL hit still dey reasonable.. If i try am with my style and stoploss hit, like 5 percent don go be that cheesy
Lol, you've said it all. There's difference in our pips targets, and pips at risk. I don't target too many pips, so my pips at risk will even be lesser. So even with huge lot size, my pips at risk won't make me lose much when SL hits.
If I'm to trade with 0.1 lot size, which year do you want me to pass my evaluation stages? At least not this year. Lol.
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 8:08pm On Jun 03
I don't know, but this is what I'm seeing on UsdCad. If it can get up to that zone again, I'm selling it down to that support zone. I missed out on the first entry, I won't run after it if it doesn't come up to me.

1:4.46rr. It's worth the risk.

Re: Forex Trade Alerts / Discussions: Season 24 by Moneyman100(m): 10:01pm On Jun 03
I used to trade like you Cashy till I refined it to suit me more... You're a good trader.

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 10:31pm On Jun 03
Moneyman100:
I used to trade like you Cashy till I refined it to suit me more... You're a good trader.
Welldone bro. Can you mention few things you refined that made it suit you even more? Thanks.

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 10:55pm On Jun 03
Oh Lord help me 😭
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 10:56pm On Jun 03
I'm not using limit orders, but those purple horizontal lines are lines I'm watching for reactions around. I will be shorting anywhere around these zones if price comes there first before heading to the TP zone.

If it drops too low before coming up, it will have negated the bias.

Re: Forex Trade Alerts / Discussions: Season 24 by FXcandles(m): 2:33am On Jun 04
Unexpectedly after Monday's opening session oil rose slightly, but failed, and after breaking the support level of 76, the price fell strongly to a low of 73.79. Markets may ignore the OPEC+ agreement to extend voluntary oil production cuts until 2025.
Goldman Sachs managing director and head of research, Daan Struyven, said via Bloomberg that the outcome of the OPEC+ meeting was bearish due to the decision to return supply to the market despite the recent surprise increase in inventories. Risks to oil prices currently tend to be on the downside. Oil prices plummeted on Monday and failed to maintain support at the 76 price level.

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 3:17am On Jun 04
NzdUsd has closed above the resistance on the H4 tf. So I believe it will head up to retest the 0.62167 at least. I will be waiting for a retest around those red lines and hoping to go long from there to the top.

With news at 3pm today, we will see how it goes before then.

Re: Forex Trade Alerts / Discussions: Season 24 by alphaNomega: 3:22am On Jun 04
all of una still dey gamble this forex thing.

Forex is nothing but glorified virtual betting.

3 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by Fxwarrior: 5:57am On Jun 04
Gold Alert

Buystop 2350
Stoploss 2340

Target 2370

Enjoy cool
Re: Forex Trade Alerts / Discussions: Season 24 by Moneyman100(m): 6:09am On Jun 04
Replacing Trendlines with Trendline Channels, lines with zones for S & R, inculcating the observation of chart patterns from the 4HR TF. A break from The Trendline Channel signifies a change in Trend, I don't have to wait for the last higher low (in a bullish market) or the last lower high( in a bearish market) to be taken out after a retest before entering. This gives me a better R:R. This is a trade I'm currently on, a trend in a trend entry.
Cashhy11:
Welldone bro. Can you mention few things you refined that made it suit you even more? Thanks.

2 Likes 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by GarkiAccessory(m): 7:02am On Jun 04
Gbpjpy bears warming up

Bosses in the house kindly help to scrutinize

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 7:57am On Jun 04
The $20 account in huge DD again. The side effect of having multiple cofluences. I broke two rules just because of fomo and overconfidence. I usually don't risk more than 0.01 on this account but too many cofluences made me got too confident and I over risked... The second rule was never to open any position before London session... This pain will enforce discipline by fire by force grin... We go again..

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 8:42am On Jun 04
Cashhy11:
I don't know, but this is what I'm seeing on UsdCad. If it can get up to that zone again, I'm selling it down to that support zone. I missed out on the first entry, I won't run after it if it doesn't come up to me.

1:4.46rr. It's worth the risk.
UsdCad currently where I want it, rejection candle stick patterns is all I'm watching out for before pulling the trigger.

Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 8:45am On Jun 04
Moneyman100:
Replacing Trendlines with Trendline Channels, lines with zones for S & R, inculcating the observation of chart patterns from the 4HR TF. A break from The Trendline Channel signifies a change in Trend, I don't have to wait for the last higher low (in a bullish market) or the last lower high( in a bearish market) to be taken out after a retest before entering. This gives me a better R:R. This is a trade I'm currently on, a trend in a trend entry.
Wow, awesome. I will look into that too brother. Thanks so much for sharing this.
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 9:21am On Jun 04
alphaNomega:
all of una still dey gamble this forex thing.

Forex is nothing but glorified virtual betting.


https://www.youtube.com/watch?v=1lyu1KKwC74?si=fI-R3UXWNGHnaFzH

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 9:27am On Jun 04
Donsheddy:
Oh Lord help me 😭

The road to financial freedom no smooth, all the way. But soon, you go dey enjoy the ride - even though e rough.

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 9:32am On Jun 04
dmahn:
The $20 account in huge DD again. The side effect of having multiple cofluences. I broke two rules just because of fomo and overconfidence. I usually don't risk more than 0.01 on this account but too many cofluences made me got too confident and I over risked... The second rule was never to open any position before London session... This pain will enforce discipline by fire by force grin... We go again..

The beginning dey always be 2 steps forward n 3 steps backward, but with time, it'll become 9 steps forward n 2 steps back (to reassess and leap forward). Na process

4 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 9:40am On Jun 04
XAUUSD dey Sell. EURUSD dey Sell. And USDJPY come still dey Sell. Na this kind thing dey make Henry dey call forex SCAM cheesy

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 9:41am On Jun 04
alphaNomega:
all of una still dey gamble this forex thing.

Forex is nothing but glorified virtual betting.

Is that what you think
Re: Forex Trade Alerts / Discussions: Season 24 by obajoey(m): 1:17pm On Jun 04
Nice call.

GarkiAccessory:
Gbpjpy bears warming up

Bosses in the house kindly help to scrutinize

1 Like

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