if you have fat account you can buy eu now for a 100pips take profit for next week and 100pips stop loss, ichimoku cloud has come under the price level.
otherwise buy if it attempt breaking the cloud

I like this guy. God bless u pips good

Bollinger:
As we go into the weekend, here's a psychological trick i need you to ponder and be aware of. As forex traders, amongst many other things we need to master, about the most important psychologically is frustration and an obsessive need not to lose money on any trade. Due to the randomness off the way price moves, it is inevitable that things will never go your way all the time. But here's the trick; when it does go your way, it really goes. So, you need to be aware that an account balance of lets say, 3k will bounce around that figure for many trades. You'll be up 400 dollars, then back again to 3500, then maybe even 2k. This goes on and on for lengthy periods of time. days, weeks, or even months, depending on your system. It is imperative you stick to your system and make sure you limit your losses every time you place a trade and it turns against you. When the right set of trades does come along, you'll be surprised how that 3k will jump to 6k in a blink of an eye. Then the cycle will continue again with the new balance. It is mentally challenging. It is not easy. You must learn to take emotion out of the equation. Never trade when you are tired, angry, happy, sad, sick etc. Always trade with a clear head. Once you feel any kind of emotion, just walk away. This business is easy but hard if you don't know what you are doing.

adeniyia33:
I like this guy. God bless u pips good

Amen. Same to you.

More.

I'm bored.

Finally

Forex trading weekly analysis in progress...

mechbeejay:
ironfx is having issues truely, , i have switched to instafx, bt i stil hav d ironfx platform...... i see gold's bullish trend getting shortlivd, anyone wit me??

Ironfx? Instafx? Hmmm; I won't go near those two Brokers.

Dear Boss,
Pls what data do u use for calculatg PIVOT POINT?

I use data from previous daily TF but I want learn more on this please

Thanks

iheanyiebeneze:
if you have fat account you can buy eu now for a 100pips take profit for next week and 100pips stop loss, ichimoku cloud has come under the price level.
otherwise buy if it attempt breaking the cloud

Dear All,
Pls what data do u use for calculatg PIVOT POINT?

I use data from previous daily TF but I want learn more on this please

Thanks

When you just started trading.

When you finally become the boss!

Cc: Bollinger

^^ ^

..

---

I'm done spamming the thread.

Karlebolu:
When you finally become the boss!

Cc: Bollinger

Lol. Which pair is that? Those meme's where epic by the way.

I don't see the Ichimoku

Karlebolu:
When you finally become the boss!

Cc: Bollinger

i just love this forum, so happy to be here, i am getting enlightened more and more, pls house which broker is the best in nigeria nw ooo,

wow nice to see traders catching fun :Dwow nice to see traders catching fun

lol...

rib cracking pix

wow..guys really can be funny when they want to.keep it up.

FUN FACTS FOR NEWBIES;

1. To know if you are a swing trader or a trend follower; swing traders set profit targets. Trend traders don't.

2. The lower your risk per trade, the lower your drawdown. The higher your risk, the higher your drawdown.

3. It is ok to lose 30 pips per trade in 12 trades, using 3 percent of your account. All you need is one 400 pip move to put you in profit. Pick a high trending pair and you are good.

4. You don't need a high winning ratio to succeed. 30 percent winning ratio and you'll be successful.

5. Don't borrow to trade. Don't use your school fees or house rent. You might be thinking, "WTF", but, It's been done.

6. Never accept funds to trade for someone that you know. You'll be put under pressure. It is better to open a pamm account. it's anonymous.

7. Always stick to your system, even in long losing streaks. A good trend happens the moment you change your criteria.

8. If you like constant action, it is better to be a swing trader. If you are a patient person then trend following is better for you.

9. Forex is addictive.

While an office worker always look forward to fridays , a trader is always looking forward to Monday morning

jorel1:
While an office worker always look forward to fridays , a trader is always looking forward to Monday morning

Very true. Wallahi, I don analyse charts tire.

Bollinger:


Lol. Which pair is that? Those meme's where epic by the way.

The first one is NZD/USD, the second should be GPD/USD.

I got the charts from Google.

Its been really fun reading comments here I must confess. Meanwhile I have been studying how to take profit of the day using midpoint between R2-R3 and S2-S3 of daily pivot points. Profs in the house, what's ur take on this idea?

harizonal123:
Its been really fun reading comments here I must confess. Meanwhile I have been studying how to take profit of the day using midpoint between R2-R3 and S2-S3 of daily pivot points. Profs in the house, what's ur take on this idea?

S2 and R2 mostly seems feasible, sometimes price breaks the S1/R1 level, reaches the S2/R2 level but finds it difficult to get to the S3/R3 level, though mostly depends on d nature of the market. i suggest u set ur TP1 at S2/R2 levels and TP2 at S3/R3 levels but watch what the market is doing at the S2/R2 Level, price may consolidates, pullback, reverse at that level.. so u decide what to do then..

@harizonal, It Also Depends On How The Market Opens 4d Day...

From my research majority of traders set their tp on R2/S2 and its really nice to be in sync with the flow.

Edd1e:

S2 and R2 mostly seems feasible, sometimes price breaks the S1/R1 level, reaches the S2/R2 level but finds it difficult to get to the S3/R3 level, though mostly depends on d nature of the market. i suggest u set ur TP1 at S2/R2 levels and TP2 at S3/R3 levels but watch what the market is doing at the S2/R2 Level, price may consolidates, pullback, reverse at that level.. so u decide what to do then..

For Monday Market, am expecting USD/chf to head north and I will be using two tps just as u have directed