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Nairaland Forum / Nairaland / General / Business / Forex Trading - Season 15 (616122 Views)
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Re: Forex Trading - Season 15 by fxstory(m): 12:10am On Jan 26, 2015 |
tociano009: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 4 Likes |
Re: Forex Trading - Season 15 by 12ema: 12:30am On Jan 26, 2015 |
naijababe: 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. |
Re: Forex Trading - Season 15 by 12ema: 12:35am On Jan 26, 2015 |
GBPUSD TRADE:
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Re: Forex Trading - Season 15 by PIPPROF(m): 9:12am On Jan 26, 2015 |
12ema: is this a valid entry?
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Re: Forex Trading - Season 15 by eTradeXchange(m): 10:17am On Jan 26, 2015 |
omejeo: We are sorry about that. Its beyond what we can adjust. Dollar is not friendly either and rates are not stable. Thanks |
Re: Forex Trading - Season 15 by willscolf: 11:14am On Jan 26, 2015 |
bought gold @1282.0 sl 1277.5 tp 1296.5 hope naijababe nd co no go spoil my show wit dia gorilla order lolz |
Re: Forex Trading - Season 15 by Nobody: 11:20am On Jan 26, 2015 |
willscolf: God sabi your house number o ![]() |
Re: Forex Trading - Season 15 by 12ema: 12:24pm On Jan 26, 2015 |
PIPPROF: That is a very valid entry. Just follow such breakouts and you'll be fine. 1 Like |
Re: Forex Trading - Season 15 by willscolf: 12:53pm On Jan 26, 2015 |
![]() naijababe: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 ![]() 1 Like |
Re: Forex Trading - Season 15 by topsyn03(m): 12:53pm On Jan 26, 2015 |
naijababe: 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 |
Re: Forex Trading - Season 15 by willscolf: 1:34pm On Jan 26, 2015 |
topsyn03:was taken out |
Re: Forex Trading - Season 15 by topsyn03(m): 1:37pm On Jan 26, 2015 |
willscolf: 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 |
Re: Forex Trading - Season 15 by Nobody: 1:41pm On Jan 26, 2015 |
topsyn03: 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. |
Re: Forex Trading - Season 15 by topsyn03(m): 1:49pm On Jan 26, 2015 |
naijababe: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 |
Re: Forex Trading - Season 15 by Nobody: 1:54pm On Jan 26, 2015 |
topsyn03: Ok. God's speed ![]() |
Re: Forex Trading - Season 15 by tociano009(m): 2:16pm On Jan 26, 2015 |
Ok |
Re: Forex Trading - Season 15 by adeniyia33(m): 3:23pm On Jan 26, 2015 |
willscolf: Gold long position at 122 pips in profit. Eyeing the candle to close above 1288.21 then I will enter long again
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Re: Forex Trading - Season 15 by topsyn03(m): 4:43pm On Jan 26, 2015 |
GOLD DT STILL VERY INTACT
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Re: Forex Trading - Season 15 by Kirinwa: 7:11pm On Jan 26, 2015 |
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. |
Re: Forex Trading - Season 15 by Kirinwa: 7:35pm On Jan 26, 2015 |
Write forexdollars@hotmail.com |
Re: Forex Trading - Season 15 by L2CD766: 9:00pm On Jan 26, 2015 |
Kirinwa: ![]() ![]() ![]() ![]() 1 Like |
Re: Forex Trading - Season 15 by willscolf: 10:07pm On Jan 26, 2015 |
topsyn03: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 |
Re: Forex Trading - Season 15 by drpips1(m): 4:50am On Jan 27, 2015 |
Kirinwa: 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 ![]() ![]() 6 Likes |
Re: Forex Trading - Season 15 by micynute94(m): 5:46am On Jan 27, 2015 |
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 3 Likes |
Re: Forex Trading - Season 15 by 12ema: 8:30am On Jan 27, 2015 |
L2CD766: 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. ![]() |
Re: Forex Trading - Season 15 by L2CD766: 9:03am On Jan 27, 2015 |
12ema: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 1 Like |
Re: Forex Trading - Season 15 by drpips1(m): 11:05am On Jan 27, 2015 |
L2CD766: 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 |
Re: Forex Trading - Season 15 by 12ema: 11:49am On Jan 27, 2015 |
L2CD766: 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. |
Re: Forex Trading - Season 15 by Nobody: 12:05pm On Jan 27, 2015 |
hmmm 12ema: |
Re: Forex Trading - Season 15 by wierdpsycho: 12:14pm On Jan 27, 2015 |
12ema: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 |
Re: Forex Trading - Season 15 by FOREXMARTS: 12:42pm On Jan 27, 2015 |
^^^^^ 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. |
Re: Forex Trading - Season 15 by drpips1(m): 2:21pm On Jan 27, 2015 |
FOREXMARTS: ![]() |
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