If UJ comes to 120.30 in the next 3hours, I will sell USDJPY at 120.30 for a 100pips take profit.

iheanyiebeneze:
Please am sorry, take heart. May GOD give you the fortitude to bear this reparable loss. I lost OVER 100TIMES before i started making it profitably. Do not repeat these mistakes of mine. My mistakes are now your advice. Its better to learn from others mistakes.
ADVICE; MUST MUST MUST MUST...
1. When you come to forex trading, trade with good MONEY MANAGEMENT, DON'T ALLOW YOUR MARGIN LEVEL TO COME BELLOW 300%.

2. Trade with stoploss(SL) and take profit(TP).

3. Trade today to trade tomorrow. Don't enter market as if market will end today, market is always here and will be here till DECEMBER 2015.

Thanks.
Remember this is an advice, you can either take it or discard it. But i wish and want you to take it for your own good.

Thank you boss, you are always there to helps. I see your advice inestimable right from time but I couldn't just knew how this happened for the third time. Thanks a lot.

took a small short on gold with 75pips stl and target 1186.

LONG on GU

another 75 PIPs today...

No more trade today

Waiting for NFP tomoro around 1.30 p.m.

Best of the market to u gurus and ogas in the house

You are highly welcome.

Cul4real:
Thank you boss, you are always there to helps. I see your advice inestimable right from time but I couldn't just knew how this happened for the third time. Thanks a lot.

adeniyia33:
Sorry BRO,
I share ur pain cos I was there in ur shoe twice.

LESSON LEARNT

1ST ACCOUNT BLOWN ($250): GREED

2ND ACCOUNT BLOWN ($300): POOR INTERNET, USED CYBER CAFE, NO PERSONAL LAPTOP, REVENGE ON THE MARKET

Here I am today after 3 years, I started demo again, reading from gurus, and working on my emotion and psych for 3 year untill i found a balance that I opened a new account with XM.

Yes, I am doing fine now with all the past lesson serving as traffic light in my present trading career.

MY SUGGESTION FOR YOU BRO

Go back to DEMO with a minimum amount of $200 open balance for trading
Do not go back to real account untill u are able to crush the RED DEVILS on the demo

I wish u best in all ur life plans

Samuel
dnysamuel@yahoo.com

DO YOU RUN A PAMM ACCOUNT?

dukum:
took a small short on gold with 75pips stl and target 1186.

in progress.watching closely.

For sometime, I have been on break, patiently waiting for a better market movement ND THE NAIJA election
GBP/AUD , i bought from 1.9333 but its not too lat to still buy now @ 1.95444

Regards
Philip
www.forexmamm..com

naijababe:
Sold DJIA again, might hold this one till tomorrow. Hoepfully, 174xx will happen before the market closes tomorrow.

-50 pips. Na so I just dey collect beating this week

Sorry madam, some days are like that. Remember easter break when you trade morrow and monday.

naijababe:


-50 pips. Na so I just dey collect beating this week

iheanyiebeneze:
Sorry madam, some days are like that. Remember easter break when you trade morrow and monday.

I won't be back until Tuesday morning jare. I nor get money to buy lacasera for any broker jare.

Bro,
No, I don't run PAMM... for now

mrikay:


DO YOU RUN A PAMM ACCOUNT?

Yeah,
That is our build... Loosing is part of winning Ma.

Bests

naijababe:


-50 pips. Na so I just dey collect beating this week

naijababe:


I won't be back until Tuesday morning jare. I nor get money to buy lacasera for any broker jare.

Very funny.

Not in any trade... May not pull d trigger till next week again... But if a juicy setup surfaces b4 nfp... Mehn i will trigger and hold d trade till after nfp... Don't care about d news or data, cos wen i was back testing my system i didn't consider d news...
Play safe, be smart, follow ur system and avoid emotional trades...

Nothing is guaranteed...
Happy trading

naijababe:


-50 pips. Na so I just dey collect beating this week

Still expecting d orange seller story...

Btwn... I no d mkt will pay u next week... U re like d house in a casino... U knw dat saying... D house never *****

Cul4real:
Am tired ooo. I had blew up my account for the third time. And no where to recover the loss if I quit forex trading, however I am afraid of forex trading now. What a CONFUSION. Pls your advice?

hmm, u re brave 2 hav spoken out. I c dat u hv bn wel adviced u may add ds eh.
1stly, dnt trade many currency pairs. No one wl eva mak al d mony in fx. Focus lik APC on 1 or 2 pairs.
2ndly, let al trades com 2 u, its business. Always wait 4 confirmation season b4 investing. Dnt leav ur favourite pair(s) because ther is no signal at d moment, keep follown it tl ur strategy signal shows up.
3rdly, ur trade strategy must b sound nd d truth is price action is d best. I despised it for yrs nd am not proud of it.
4thly, mony management, it includz lot size, tp nd sl. Use dem apriopriatly. If u tak a trad nd u r shakn, ur lot size may b 2 high.
Lastly be confidnt. If u tak tradn easy wt less greed u wl b bullish ova tym. When its tym 2 b greedy b greedy nd @ oda tyms tak wat d mkt gvs u. Pursue dos who kno Price action on ds thread dnt let dem go untl dey hv chngd ur name from cul4real 2 profit maker.

naijababe:


I won't be back until Tuesday morning jare. I nor get money to buy lacasera for any broker jare.

Hahaha .... Ehnnnn. buy tasty time for them now.. at all at all.. na im bad pass. # JK#
BTW, how was ur week?? Hope ur brokers treated u well?
Happy Easter IA..

Can someone recommend a broker with custom lots?

seyejohn94:


Still expecting d orange seller story...

Btwn... I no d mkt will pay u next week... U re like d house in a casino... U knw dat saying... D house never *****

The orange seller story! I wrote that already now. The orange seller learnt her lessons and has stuck mostly to ranges ever since

Karlebolu:
Can someone recommend a broker with custom lots?

almost all brokers allow custom lot

naijababe:
Part One...
As with all businesses, opportunities should be
differentiated from greed. There was once an orange seller
who was very successful in the business of orange selling
as she knew everything about oranges, one day, a friend
with very good intentions told her about a certain exotic
fruit of the east that could fetch her thrice the margin on
orange.
Without thinking the orange seller abandoned her
customary orange for the said exotic fruit, unfortunately
she bought unripe ones without knowing and lost all the
money she invested on it. To make matters worse, she
found out from other orange sellers that thrice the usual
volume of orange was sold during the period she was
chasing after the exotic fruit. Her lesson duly learnt, she decided to go back to orange and do her due diligence
when pursuing other opportunities in the future.
Orange seller = naijababe
orange = JPN225, Crude, EJ,GJ,GU,EU AU & Gold
Exotic fruit = GBP/AU
Volume of orange this week so far = 2000+
Exotic fruit = As of now no idea but orange seller lost 110
pips to it
Moral of the story, orange seller should stick to selling
oranges and if feeling the need for an adventure, should not
abandon oranges for whatever exotic fruit she wants to
dabble into. Oranges are good fruits, most people like
oranges, exotic fruits are an acquired taste.
Will be back to trading next week, I took a break since yday
afternoon. Catch you all next week.

Mehnn, can't tell you how many i have done this, only to see the abandoned pair move without me on it.

naijababe:
The Orange Seller Part 2
The orange seller having made the decision to never
ignore oranges for exotics committed another fallacy, it
had rained for a few hours and expected sales had been
slow. The orange seller decided to push exotics while
oranges were still slow. A contract on exotic appeared to
be moving in the right direction until the garage
commissioner decided to announce results of elections
that had been carried out. After much harangue, the
participators in the election became rather weary and
decided to ease their frustrations by eating lots and lots of
oranges. The orange seller, busy with ensuring the
smoothness of her exotic contract missed out on the
orange sales windfall, her analysis on oranges had worked
to a perfect tee but she missed out again because she
was impatient.
The Orange seller finally made the decision to never go
after exotics ever again and tore up every contract related
to it. She decided to patiently wait on oranges even when
its fortunes seem to be dwindling.
So here we are, EJ lost 500pips, JPN225 lost 500pips, oil
250pips. the romance of naijababe and exotics is over and
done with. Naijababe loves oranges and has decided to
become surulere wife for oranges. She binds all
Olorunsogo husbands in Jesus name. Amen!!!

U know something, u r one of the best trader v eva met and talking of d best v known, they r so few.

fxbomovi:
almost all brokers allow custom lot

Really?

I'm not talking of mini or micro lots, because I'm thinking of depositing $100 with XM and the least lot size have seen/used on both MT4 & FXCM demo is 0.01 which is dangerful for $100 account.

@ micynute, you had to find that post

It is such a good reminder sha

Talking of oranges, I have whittled my oranges down to two

Dow Jones because, it's most actives times are in my time zone and GJ because it does better than EJ!

Both have really tested my patience this week. GJ ranging like crazy and DJIA took back all I made on Monday and for some reason I took all the wrong trades but thankfully I have not run to any of those exotic ish for any (mis)adventure

naijababe:
@ micynute, you had to find that post

It is such a good reminder sha

Abi na... curiosity, did a bit of Google search .. d rest they say is.....
U r one great trader..

micynute94:


Abi na... curiosity, did a bit of Google search .. d rest they say is.....
U r one great trader..

Thnk you sire, still aspiring to become a great trader

Karlebolu:


Really?

I'm not talking of mini or micro lots, because I'm thinking of depositing $100 with XM and the least lot size have seen/used on both MT4 & FXCM demo is 0.01 which is dangerful for $100 account.

isnt 0.01 lot=$1,000 Units.... correct me if i'm wrong

Good evening my Ogas in the house-endfx1,iheanyiebeneze, naijababe- Its being a long time. Because of the numerous advises I received from you all,the ones directed to me and the one directed to others, I have learnt a lot in forex market. Because of my work and school activities, I gave forex a break so that I don't loose in the market, because forex requires technical knowledge, and sometimes, News. I still stop by to read comments. Truly speaking, no other time would have been better than now to thank you all for your great contribution to this thread. You all have shaped the lives of many Nigerians, and in particular, Nairalanders. I also give much respect to Naijababe, the only female forex trader I know as of now. She has proven that what a man can do, a woman can do better. Babypips school of pipsology is so to say, one of the best gifts received online from people I have never met before. May God continue to bless your good work abundantly.

Always humble to you all.
Cheers!!!

timtrader:


hmm, u re brave 2 hav spoken out. I c dat u hv bn wel adviced u may add ds eh.
1stly, dnt trade many currency pairs. No one wl eva mak al d mony in fx. Focus lik APC on 1 or 2 pairs.
2ndly, let al trades com 2 u, its business. Always wait 4 confirmation season b4 investing. Dnt leav ur favourite pair(s) because ther is no signal at d moment, keep follown it tl ur strategy signal shows up.
3rdly, ur trade strategy must b sound nd d truth is price action is d best. I despised it for yrs nd am not proud of it.
4thly, mony management, it includz lot size, tp nd sl. Use dem apriopriatly. If u tak a trad nd u r shakn, ur lot size may b 2 high.
Lastly be confidnt. If u tak tradn easy wt less greed u wl b bullish ova tym. When its tym 2 b greedy b greedy nd @ oda tyms tak wat d mkt gvs u. Pursue dos who kno Price action on ds thread dnt let dem go untl dey hv chngd ur name from cul4real 2 profit maker.

Yes! I need to cry out for help and as a result, some selfishless and patriotism like you were able to come to my aid. By His grace my name will be changed to profit maker sooner as you suggested. Thank you so much.

dukum:
took a small short on gold with 75pips stl and target 1186.

stopped out at BE