tociano009:
Good evening my brother and sister,My name is oluwatosin I am a newbies and I have pass through babypips, but I can not still understand it like that, pls I will be happy if somebody can help me out because I just open demo account with instaforex and xm but I dont know how to do anything there, pls I need your help sirs and mas

then go back to babypips and take time to read and digest it again.practice with the mindset of learning to read chart and make good analysis, not with the mind set of making millions overnight.you still need to read and move to advance stage little by little

naijababe:
@ 12ema, looks to me like you sold GJ at support, it needs to clearly break 176.10 for the DT to continue from where I am standing. Same for EC, the bands are beginning to close up as opposed to opening and the candles sticking to them.

I am not trading those time frames you are looking at. I first look at the big picture and make sure all levels are broken, then move to the lowest TF possible. Price had already broken all support on the 5min when i took those trades on friday. Also, the bands opening/closing, or price sticking to them is not a parameter in the system i use, so i don't consider that as a factor.

GBPUSD TRADE:

12ema:
GBPUSD TRADE:

is this a valid entry?

omejeo:
ur price is too much N205 per dollar

We are sorry about that. Its beyond what we can adjust. Dollar is not friendly either and rates are not stable.

Thanks

bought gold @1282.0 sl 1277.5 tp 1296.5 hope naijababe nd co no go spoil my show wit dia gorilla order lolz

willscolf:
bought gold @1282.0 sl 1277.5 tp 1296.5 hope naijababe nd co no go spoil my show wit dia gorilla order lolz

God sabi your house number o

PIPPROF:


is this a valid entry?

That is a very valid entry. Just follow such breakouts and you'll be fine.

naijababe:


God sabi your house number o

shey i talk am,i don post una c am,carry gorrilla order pour,took me out, oya mke una dey ride down i go wait una 4 1273.00,bt weda i go buy dia or not i no dey tell una [quote author=naijababe post=30145037]

naijababe:


God sabi your house number o

WHAT IS THE LASTEST ON YOUR GOLD TRADE? PRESENTLY AM HAVING A 90+ PIPS IN PROFIT AND AM LOOKING AT 1.1266.20 BEFORE I CLOSE THE TRADE @WILLSCOLF

topsyn03:


WHAT IS THE LASTEST ON YOUR GOLD TRADE? PRESENTLY AM HAVING A 90+ PIPS IN PROFIT AND AM LOOKING AT 1.1266.20 BEFORE I CLOSE THE TRADE @WILLSCOLF

was taken out

willscolf:
was taken out

I KNEW THAT GONNA HAPPEN COS GOLD IS IN STRONG DT. ANYWAY YOU CAN STILL RE ENTER A SELL TRADE AND RELY ON YOUR 4HR TF SIGNAL

topsyn03:


WHAT IS THE LASTEST ON YOUR GOLD TRADE? PRESENTLY AM HAVING A 90+ PIPS IN PROFIT AND AM LOOKING AT 1.1266.20 BEFORE I CLOSE THE TRADE @WILLSCOLF

That DT appears to be only a correction rather than a reversal, it needs to clear 1273/5 first. May do 1330 or higher this week.

naijababe:


That DT appears to be only a correction rather than a reversal, it needs to clear 1273/5 first. May do 1330 or higher this week.

ON DT, A KEY RESISTANCE IS HOLD AT 1300.94 ALSO 50% FIBO. ALSO FROM THE CLOSE OF FRIDAY BAR WITH MY 4HR TF SIGNAL I CAN C A VISIBLE DT

topsyn03:

ON DT, A KEY RESISTANCE IS HOLD AT 1300.94 ALSO 50% FIBO. ALSO FROM THE CLOSE OF FRIDAY BAR WITH MY 4HR TF SIGNAL I CAN C A VISIBLE DT

Ok. God's speed

Ok

willscolf:
was taken out

Gold long position at 122 pips in profit.

Eyeing the candle to close above 1288.21 then I will enter long again

GOLD DT STILL VERY INTACT

Kirinwa did it again. Over 400 pips gotten and counting based on my analysis. Who wants his account to be managed with 100% return on investment or more monthly. Kirinwa says keep smiling to your bank.

Write forexdollars@hotmail.com

Kirinwa:
Kirinwa did it again. Over 400 pips gotten and counting based on my analysis. Who wants his account to be managed with 100% return on investment or more monthly. Kirinwa says keep smiling to your bank.

no let oga 12ema catch u oooo....... 3% MoM ROI na big tin to dem oooh.. how much more 100%

topsyn03:


I KNEW THAT GONNA HAPPEN COS GOLD IS IN STRONG DT. ANYWAY YOU CAN STILL RE ENTER A SELL TRADE AND RELY ON YOUR 4HR TF SIGNAL

i dnt tink it's in a downtrend yet until it breaks 1270.00,otherwise d uptrend is stil intact,doh i violated a trading rule nd i paid unnecessorily 4 it

Kirinwa:
Kirinwa did it again. Over 400 pips gotten and counting based on my analysis. Who wants his account to be managed with 100% return on investment or more monthly. Kirinwa says keep smiling to your bank.

if you are making 100% return on your investment monthly, why do you still want to manage someone else fund when you are busy doubling your whole account every month ,every solid opinion should be backed up by a corresponding risk as there is nothing without skin in the game......... My one cent opinion if you should manage my account for me (or do you mean ,if i will like to double my demo account monthly )

Apologies
-no mentor, or course, or literiture can give anyone the
holy grail to the secrets of success in trading in the
markets.
-"and no one, sells the goose that lays golden eggs,
probably the eggs, but never the goose"
Nevertheless, I will humbly attempt.
Since the late 70s and into the millinium.
Many "engineers" have made public, their inventions of
reading probabilities into Technical Indicators. Many
Technical Analysis Gurus came to the forefront to sell
their research findings. To name a few,
The Grand daddy being Charles Dow and his Dow theory
which later lead to the creation of the Dow Jones Indexes.
Rene Descarte who introduced the Spiral studies.
Leonardo Da vincci who fostered the fabonacci principles,
W.D. Gann, who introduced Cyclic Studies of Squaring time
and price.
R.N.Elliot, who introduced the Elliot Wave Studies
W.Wilders.Who introduced the mathematics of calculating
overbought and oversold markets by his introduction of the
DI+,DI-, ADX lines and the Relative Strength Index.
The Stocastics, MACDs, ……………………………...etc
If one was to impliment all these studies onto their charts.
What you will see is a beautiful piece of art, displaying
very impressive hog wash, that do nothing but dazzle the
uninitiated. If anything else it 'll confuse you even more.
Then you have the charting specialist who have introduced
many ways to chart eg,
Linear Charts, HiLoClose Bar Charts, Japanese candlestick
charts, Point & Figuring, John Hill's Bar Chart congestion &
reversal patterns, reverse point waves, pivots, fractuals,
………..etc
Today, we find lots of originally and mutated techniques
and methodologies available to the Chartist or
Technicians.
What many fail to realise, is that all these studies,
basically are statistical tables plotted in graphic form to
present a "picture" to assist traders in their decision
process. The maxim being, that a picture tells a thousand
words.
"It is not theirs (the charts) to reason why,
But to signal Sell or Buy,
For the traders to do or die,
Hoping that the signal does not lie,
I would, from my many years of studies, go so far as to
say, that they all work, some more than others but they all
do serve a purpose. (to give traders, the "guts" to do or
die)
If I may borrow from the quotes of Sir Winston Chirchill.
"That you can lie to some people all the time, all people
some of the time, but not to all people, all the time."
Similarly, theses studies can work in some market
conditions all the time, all market conditions some of the
time, but not all market conditions all of the time."
Think about what I've just quoted very carefully.
The problem with some people and some professional
Technical Analyst today ( being a certified Technical
Analyst myself ) is that they use the Technical studies as
if, it were the "Holy Grail" of trading & their pathway to the
millions.
How far that is from the truth.
Any person with a good brain on their shoulders, will
ultimate come to the realisation that these are just tools.
Tools that are built on historical and lagging databases.
Moreover the rigidity of the parameters used in the studies
imposes rigid responses to changing market conditions.
Have we forgotten that the market is a live beast that
learns and adapts to trader behaviours? Many have
forgotten that the market is the sum total of the behaviour
of the participants engaged in the market place. These
tools are used for measuring the markets health, not so
unlike the thermometer to a doctor, or the measuring tape
to a carpenter, just a tool.
Then how is it possible that these studies themselves can
be considered the "Holy Grail"?
It may be due to ignorance (being new and uniniatiated),
lazyness, or just plain stubborness ( a little knowledge is a
dangerous thing). Of course it is not nice for me, to tell
you about those who have "a little knowledge", trying to
scam those who know less than them. That's another
story.
Some do so, because of a very new disease discovered
recently, the sickness of "the chance".
If you use the Technical studies as your "Holy Grail", I have
only one word for you, GAMBLER.
I put it to you, that, to consider your Technical Studies to
be more than what they are is a "fallacy" in trading the
markets, not so unlike martingale gamblers' fallacy. It can
lead you to a very dark place.
What many traders do not know, or may fail to recognise,
is that your success in taming the markets, is comprised
of a mix of ingredients. Not so unlike in baking cakes.
I suggest three very important ingredients. One is " Market
Structure ", the other is "YOU", then Capitalisation. Of
course there are many more components, for the moment
these seems of dominant importance, in my humble
opinion.
I hope you will think about what I've said very carefully.
I shall try to push these doors ajar for you slowly to show
you the light at the end of the tunnel (please hope its no
on-coming train), God willing.
regards..... FTI

L2CD766:
no let oga 12ema catch u oooo....... 3% MoM ROI na big tin to dem oooh.. how much more 100%

Wait. Hold up. You telling me you still don't know the difference between risk and reward? God help me. I'm starting to sound like a broken record. You can risk 3% for unspecified rewards. How is that hard to understand? I bet i know what you are thinking right now. You are thinking "fhuck, I should have thought hard before i said anything". And you are welcome. I just helped square you away. And for 100% consistently? well, good luck with that. You deserve to be duped if you believe that crap.

12ema:


Wait. Hold up. You telling me you still don't know the difference between risk and reward? God help me. I'm starting to sound like a broken record. You can risk 3% for unspecified rewards. How is that hard to understand? I bet i know what you are thinking right now. You are thinking "fhuck, I should have thought hard before i said anything". And you are welcome. I just helped square you away. And for 100% consistently? well, good luck with that. You deserve to be duped if you believe that crap.

you're loosing it dude... I have doubled my account, I havr trippler it, I have lost half, I have gained several random percentages. Forex trading is an art not science, there are no laid down rules.. never risk more than 1% blah blah blah..... forex trading is an extension of the trader himself. cc-kirinwa

L2CD766:
you're loosing it dude... I have doubled my account, I havr trippler it, I have lost half, I have gained several random percentages. Forex trading is an art not science, there are no laid down rules.. never risk more than 1% blah blah blah..... forex trading is an extension of the trader himself. cc-kirinwa

am not disputing the fact whether he cannot make 100% ROI monthly, anyone can totally make money out of the market chaos, the reasonable is if saying that "i make a million dollars in the market on that day but ........", the "but" is the only information in the statement. fund managers do understand this phenomena better

L2CD766:
you're loosing it dude... I have doubled my account, I havr trippler it, I have lost half, I have gained several random percentages. Forex trading is an art not science, there are no laid down rules.. never risk more than 1% blah blah blah..... forex trading is an extension of the trader himself. cc-kirinwa

Hey...I don't doubt your abilities or account. You could have 1$ or 1M, we a re all warriors behind a computer, so there's no way to know. But don't sell that BS that trading is an art crap. It's math pure and simple. Unless you know better than the best traders who have proven this. Funny thing is some young buck would read your comments and actually believe it to be true.

hmmm

12ema:


Hey...I don't doubt your abilities or account. You could have 1$ or 1M, we a re all warriors behind a computer, so there's no way to know. But don't sell that BS that trading is an art crap. It's math pure and simple. Unless you know better than the best traders who have proven this. Funny thing is some young buck would read your comments and actually believe it to be true.

12ema:


Hey...I don't doubt your abilities or account. You could have 1$ or 1M, we a re all warriors behind a computer, so there's no way to know. But don't sell that BS that trading is an art crap. It's math pure and simple. Unless you know better than the best traders who have proven this. Funny thing is some young buck would read your comments and actually believe it to be true.

he actually has a point. ..... you have a good point also.... but to each his own... happy trading.... does anyone here use swiss bank based brokers

^^^^^ Watching this film in ultra 5D HD. Una weldone oh.

#Modified. For me everything i have done to program my trading method has been pure maths, fact i had to go back and study some formulas and so in summary every time u click to trade u start with maths "bid - ask" so yes it's all maths and a bit of psychology. That's for another discussion sha. Good afternoon house.