iheanyiebeneze:
RULE 1;
Make sure you set trap for the market,
RULE 2;
Do not allow the market to set trap for you.

Ogboraph:
. Trap set for gbpusd, trade triggered let see.
Screenshot from mobile phone

Ogboraph:
. Trap set for gbpusd, trade triggered let see.
Screenshot from mobile phone

sweetmaris:
I know its sounds crazy
But am selling GJ for a hundred pips stop loss

Looking at the charts now I regret not entering
Any of sell trade
Even as at this morning I was reluctant becos I considered it as late entry

sweetmaris:



Chei this guy Neva learn...
So even on a $4 account you want to trade a whole 0.06 lot
You were asking for money a couple of days back, let's say even if someone had mistakenly given you a 100 bucks
That's how you would hav traded buy on NFP using the whole money... becos you sounded so confident
Dem use greed do you
I jus feel for you
If only you wud take advice you wud be a very rich dude
Newbies that came yesterday hav imbibed the spirit of money management
I can't begin to lecture you becos you are an old timer
Ponder on it

sweetmaris:



Chei this guy Neva learn...
So even on a $4 account you want to trade a whole 0.06 lot

Ogboraph:


you insulted me without looking or reading my post very well. i used only 0.01 and not 0.06lot size as you think. The rest are pending orders, the EURUSD 0.02 will never be triggered; if it gets there my broker will close it because it will say not enough money to enter trade with 0.02

Feshizzy:


Just chill the market would humble him. After NFP, there's what is called[b] black Monday[/b] . That's the period starts to reset the market, most of the time.

Shevychen2:

Abi o.. Well I have said my own.. Person wey go hear go hear



If I understand sir, you are talking about the RR image? I believe it is self explanatory for anyone to practice. Simply make sure your system involves a 1:2 RR minimum with decent winning rate (at least 40% win rate but aim for 55% and above).

If you are talking about the overall idea I mentioned, here is an example:

I have gone through all the pairs I trade and only ECAD is nearing a zone I mapped out from the daily chart. So I have gone down to the hourly chart to watch for it to enter the zone and for price action to suggest that the zone will trap it and send it down because it is in a downtrend by my count. If price action plays out to show me any sign of weakness, I will enter a sell. That's the idea really.

I get it personally but most traders don't know how to apply this.

Let's go practical. Given the signal; Sell gbpnzd @ 2.1740, sl 2.1770, tp 2.1620. Determine the lot size to use on an account of $31,569 if you are to expose 1%.

Most traders can't answer this. That's what I mean by I wish most traders can apply it.

@all, if you have the lot size, let me have it.

surveycash:


I get it personally but most traders don't know how to apply this.

Let's go practical. Given the signal; Sell gbpnzd @ 2.1740, sl 2.1770, tp 2.1620. Determine the lot size to use on an account of $31,569 if you are to expose 1%.

Most traders can't answer this. That's what I mean by I wish most traders can apply it.

@all, if you have the lot size, let me have it.

surveycash:


I get it personally but most traders don't know how to apply this.

Let's go practical. Given the signal; Sell gbpnzd @ 2.1740, sl 2.1770, tp 2.1620. Determine the lot size to use on an account of $31,569 if you are to expose 1%.

Most traders can't answer this. That's what I mean by I wish most traders can apply it.

@all, if you have the lot size, let me have it.

surveycash:


I get it personally but most traders don't know how to apply this.

Let's go practical. Given the signal; Sell gbpnzd @ 2.1740, sl 2.1770, tp 2.1620. Determine the lot size to use on an account of $31,569 if you are to expose 1%.

Most traders can't answer this. That's what I mean by I wish most traders can apply it.

@all, if you have the lot size, let me have it.

surveycash:


I get it personally but most traders don't know how to apply this.

Let's go practical. Given the signal; Sell gbpnzd @ 2.1740, sl 2.1770, tp 2.1620. Determine the lot size to use on an account of $31,569 if you are to expose 1%.

Most traders can't answer this. That's what I mean by I wish most traders can apply it.

@all, if you have the lot size, let me have it.

surveycash:


I get it personally but most traders don't know how to apply this.

Let's go practical. Given the signal; Sell gbpnzd @ 2.1740, sl 2.1770, tp 2.1620. Determine the lot size to use on an account of $31,569 if you are to expose 1%.

Most traders can't answer this. That's what I mean by I wish most traders can apply it.

@all, if you have the lot size, let me have it.

shalom123:
I thought today was Saturday or is the guy above me staying in a country that is 2 days ahead of 9ja...just want to know.

Shevychen2:
Lol.. 1 standard lot of EU or gold is 10$ per pip. It's not the same for GBPNZD. Take that into account in the blanket calculations.

shorty002:
1.0523 lot.....

Shevychen2:

Oh I see.. It is difficult if you are not used to it.
Answer is 1.5 lots though (taking into account the pip value of GN)

justpeehay:
true that. over 80pips/1minilot makes $50 on GN

surveycash:

72.46 pips now