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Nairaland Forum / Nairaland / General / Business / Forex Trading - Season 15 (615987 Views)
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Re: Forex Trading - Season 15 by Nobody: 1:54pm On Apr 27, 2015 |
jamace: I am sure your sl will do the needful but check out the shaven head candle on the daily, betting against that is kinda risky 1 Like |
Re: Forex Trading - Season 15 by Nobody: 2:06pm On Apr 27, 2015 |
Bought DJIA, effing breakout ...........187xx this week perhaps |
Re: Forex Trading - Season 15 by jamace(m): 3:12pm On Apr 27, 2015 |
naijababe:Hmm. Let's see how it goes. I want to seriously develop the discipline of following my indicators like a zombie. It pays most of the time. ![]() |
Re: Forex Trading - Season 15 by infofirst(m): 3:21pm On Apr 27, 2015 |
jamace: The trade worth it.... 1.505* minimum need to be retested before real bull comes in.... With ur concise entry... Fear not but adjust sl to BE then try to adjust the take profit.. |
Re: Forex Trading - Season 15 by pocoapoco88: 3:33pm On Apr 27, 2015 |
webdarkghost: |
Re: Forex Trading - Season 15 by pocoapoco88: 3:35pm On Apr 27, 2015 |
webdarkghost:LWKMD. dis is d funniest post i've eva seen on nairaland chai !!! Stil laughing |
Re: Forex Trading - Season 15 by jamace(m): 3:39pm On Apr 27, 2015 |
infofirst:Thanks boss. One thing I notice about bringing SL to BE is that the market MOST of the time returns to pick the SL (by hook or crook ![]() (a) TP is hit (b) or the SL is hit (c) or my indicator gives a contrary direction (d) or when I run out of patience holding unto the trade. ![]() ![]() |
Re: Forex Trading - Season 15 by Nobody: 3:43pm On Apr 27, 2015 |
infofirst: ok talking concise entry i sold EU @ 1.0876 dis morning with 10 pips stop loss ($1 a pip). Got to RR1:5 only to closed me at 16 pips cos i was looking at 4 hours to cash 100 more pips. Now I bought d nucca at 08555 sl 40 pips following 1 hour flow. what do u think? LESSON: Exit is the most difficult aspect of trading. some trades will give me +100 pips & close me at 10.. may be I should stick to RR 1:1 or 1:2 instead of giving market pips. |
Re: Forex Trading - Season 15 by docus: 3:48pm On Apr 27, 2015 |
pocoapoco88: ![]() |
Re: Forex Trading - Season 15 by fxbomovi: 3:55pm On Apr 27, 2015 |
mutik1977: do you have a trading system? if yes, follow it! if you are not OK with your system, then u change it. |
Re: Forex Trading - Season 15 by infofirst(m): 3:56pm On Apr 27, 2015 |
jamace: More like it... The sl to BE is one way of easing d risk. Love the options... Thumb up |
Re: Forex Trading - Season 15 by infofirst(m): 3:57pm On Apr 27, 2015 |
mutik1977:May be you should look at the 1:1 and try out the 1:5 on extremely low lot |
Re: Forex Trading - Season 15 by Nobody: 4:06pm On Apr 27, 2015 |
Today na today! DJIA closed at -35 pips and flipped to sell again! EA sl hit....GJ +62 pips |
Re: Forex Trading - Season 15 by seyejohn94: 4:09pm On Apr 27, 2015 |
new week... missed my gold buy signal .... nothing spoil. .will wait for anoda...if it surfaces dis month... rule...Neva jump on a moving train...u just might break a leg... nothing is guaranteed... happy trading... |
Re: Forex Trading - Season 15 by Nobody: 4:22pm On Apr 27, 2015 |
infofirst: yes i will look at 1:1 since my trades hardly hit sl. my risk define my stop loss off front . d first trade was just a $10 risk of $1,302 equity too low which eventually yielded 58 pips. d way i want to start trading is for example use a fix $$ risk throughout a month say $30 & divide by stop loss. let say 30$ / 30 pips stop loss gives 0.1 lots ($1 per pips ) some traders who does not know how dese stuff work will say am using big lots whereas I just risk 3%. if i had did same on d 1:5 trade, d lot would have been 0.3 lots (3%) but i didn't cos d stop was too tight. |
Re: Forex Trading - Season 15 by Nobody: 4:26pm On Apr 27, 2015 |
fxbomovi: by God's grace i'm among few with a good strategy. pure PA dat is why i can trade with mobile phone. just candles looking to close EU buy around 0925 |
Re: Forex Trading - Season 15 by jamace(m): 5:49pm On Apr 27, 2015 |
jamace:SL hit. |
Re: Forex Trading - Season 15 by anigold(m): 6:22pm On Apr 27, 2015 |
geniusbami: I love your zeal how I wish the market was like that.. lol... ![]() |
Re: Forex Trading - Season 15 by anigold(m): 6:24pm On Apr 27, 2015 |
EZEIGBO1OFIMO: those you mentioned are billionaires because they practiced excellent risk management couple by excellent strategy... they did not bet the market blindly.. |
Re: Forex Trading - Season 15 by Nobody: 6:26pm On Apr 27, 2015 |
jamace: This is not a criticism but I think trades against certain candlesticks should not be taken, Marubozus, shaven heads and bottoms being those candles. Remember that for another time, nothing wrong with honing and improving one's strategy. 1 Like |
Re: Forex Trading - Season 15 by anigold(m): 6:27pm On Apr 27, 2015 |
EZEIGBO1OFIMO: This type of thinking by the student is what leads many to margin call. ironically the house wife will still be in the market making consistent cash with ease.. |
Re: Forex Trading - Season 15 by Nobody: 6:28pm On Apr 27, 2015 |
anigold: Shebi someone already said dem get demon strategy ![]() |
Re: Forex Trading - Season 15 by anigold(m): 6:30pm On Apr 27, 2015 |
webdarkghost: well I have nothing to say but just to laugh HAHAHAHAHAHAH.. like seriously... Bros what you are doing NOW is no more "FOREX TRADING" but "FOREX TRADING PLUS" ![]() ![]() ![]() 1 Like |
Re: Forex Trading - Season 15 by anigold(m): 6:33pm On Apr 27, 2015 |
naijababe: BAbe wetin naw. Hshahahahahahah DEMON TRADING STRATEGY . ![]() ![]() ![]() ![]() One must trade naked in the cafe around 1pm with DTS(demon trading strategy) ![]() I still de laugh ooooooo |
Re: Forex Trading - Season 15 by micynute94(m): 6:34pm On Apr 27, 2015 |
Geez.. m so happy.... Was not able to comment on the business section for some days.now .. Mailed the business MODS twice, no show... Had to mention them and plea.. Just back from the bank n Viola, i can comment..... YIPPEE!!! May God bless them n anyone who made it impossible for me to comment.. Ehnnnnn... u sha know wat z awaiting u... ![]() ![]() ![]() ![]() Naijababe... Saw ur trades this morning, how z it going now?? |
Re: Forex Trading - Season 15 by anigold(m): 6:34pm On Apr 27, 2015 |
webdarkghost: Bros abeg I fit use this your strategy withdraw REAL MONEY from DEMO ACCOUNT... |
Re: Forex Trading - Season 15 by micynute94(m): 6:44pm On Apr 27, 2015 |
Today was cool as i was able to make some profits. Some trades went well, some tested my resolve while some ( to be specific E/A) went through my SL like no man business only to resume its downtrend back... Hiannnnn...
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Re: Forex Trading - Season 15 by Nobody: 6:54pm On Apr 27, 2015 |
micynute94: I still think EA is bullish! Market turn me flipfloper today, I flipped DJIA 3x before it finally turned black and I am yet to recover back what it has taken from me today. |
Re: Forex Trading - Season 15 by micynute94(m): 7:08pm On Apr 27, 2015 |
naijababe: On the sideline for now , Dunno where E/A is going cos it's just ranging on my chart (according to my system)... Moreover E/A has moved pass its Average Daily Range, so i doubt if any strong trend will be seen for the rest of the day especially for a move downward except if it zigzag its way there... Anything is possible though... Kinda bearish though...... |
Re: Forex Trading - Season 15 by jamace(m): 7:21pm On Apr 27, 2015 |
naijababe:Grateful dear. I will keep on fine tuning my strategy. |
Re: Forex Trading - Season 15 by EZEIGBO1OFIMO: 7:29pm On Apr 27, 2015 |
anigold:if you read icahn and specifically soros biography, there are moments when they betted not only blindly but stupidly. The reasom high leverage was founded was for high risk appetite investors. On a certain eve of late 1999, soros shorted $15 billion worth of pound with leverage [150:1], hours later, he made $1 billion and earned himself the title " the man who broke the bank of england". i closrd my previous indictment by statung forex was relative. An individual who, with fin. expertise and wants to make it, has no business trading low risk low reward. i repeat again " No body got anywhere by simply being content"...... in your previous quote, you said the housewife would still be trading, but to what extent; while she may be happy with her 10% YoY[$1000] profit, this would mean nothing to the ambitious fin. analyst student; this is why i opened my previous post by saying every trader in a fin. market, forex inclusive must have philosophy and purpose. A trader who hopes to run a hedge fun with levetaged or overleveraged instruments, has no business jubilating over a 10%YoY ROI on a $2000 account. |
Re: Forex Trading - Season 15 by infofirst(m): 8:04pm On Apr 27, 2015 |
naijababe: Always room for improvement. Ur caution made me suggest adjusting the sl to BE then as well n always next time thou.....No trade is a loss except one fails to learn from it. |
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