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Forex Trade Alerts Season 17 - Business (187) - Nairaland

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Re: Forex Trade Alerts Season 17 by nennin(m): 5:08pm On Oct 09, 2017
[quote author=redsox11 post=61248082]Down Trend
Up Trend


Hope the text is readable from the charts??

Please do ask questions, no question is stupid question. We're all learning. [/quote i have a question. the question is on the second higher low i notice that there is wick of sell candle lower than ur marked area?
Re: Forex Trade Alerts Season 17 by nennin(m): 5:15pm On Oct 09, 2017
i try downloading mt4 while not knowing is mt5, so when i notice is mt5 i went and delete it then try the mt4 it keep on bringing mt5 what should i do now.
Re: Forex Trade Alerts Season 17 by nennin(m): 5:20pm On Oct 09, 2017
www.metatrader4.com">https://download.mql5.com/cdn/web/metaquotes.software.corp/mt4/mt4setup.exe?utm_campaign=www.metatrader4.com is this not the link for mt4?
Re: Forex Trade Alerts Season 17 by redsox11: 5:43pm On Oct 09, 2017
nennin:
the question is on the second higher low i notice that there is wick of sell candle lower than ur marked area?

Sorry which chart are you referring to?? Even if Low or High is created, you have to wait for it to be broken before entering or thinking about entering.


redsox11:
From the chart picture below. From all you've learnt so far.

-- The Higher high, HH, LL... stuff + the 1 MA line we are using;


Questions;
1) Where is your buy entry??
2) and why do you enter buy there?


No answer is stupid or bad. This questions is especially for new people. Maybe after pro can help out with the answers too.
Thanks.

Anybody else want to help us with the answer??
Re: Forex Trade Alerts Season 17 by Bellonaire(m): 5:59pm On Oct 09, 2017
I will buy after the double bottom and break above the resistance line cos that confirms the down trend is over.

Re: Forex Trade Alerts Season 17 by Nobody: 6:08pm On Oct 09, 2017
nennin:
i try downloading mt4 while not knowing is mt5, so when i notice is mt5 i went and delete it then try the mt4 it keep on bringing mt5 what should i do now.

MetaQuote are trying so hard to stop the circulation of MT4, so you cant download it from any of there website, unless from a brokerade website...MT5 is the next gen platform.
Re: Forex Trade Alerts Season 17 by redsox11: 6:21pm On Oct 09, 2017
Bellonaire:
I will buy after the double bottom and break above the resistance line cos that confirms the down trend is over.

Nice answer man... Anyone else

I'll post more info soon.
Re: Forex Trade Alerts Season 17 by redsox11: 6:51pm On Oct 09, 2017
What we are looking for is price to pierce deep through the MA line to form High/Low and and come back to find support at the MA before bouncing back up. See chart below.

This way you are combining the HH, LH, LL, HL (market structure) knowledge with MA line.

Ps: Avoid trades where price is moving up and down around MA Line ( that’s weak momentum )


Any question so far?? Guys should let me know if I'm not making sense.

Re: Forex Trade Alerts Season 17 by redsox11: 7:45pm On Oct 09, 2017
Mini Recap;

1, We worked on market structure ( Higher Low HL, , High high HH, Lower High LH, Lower Low LL ) , To determine Up Trend or Down Trend

2, I showed you when to enter and type of market to stay away from

3, Combining market structure with the MA Line


Ps: With market structure, you should have a clue where the market is going. Check daily, move down to 4hours, move to 1hour, you should be able to see structure to determine/anticipate where the market is heading. If not, check another pair/currency.


Pps : Chart below to show entry and where to put stop loss, SL.

1 Like

Re: Forex Trade Alerts Season 17 by redsox11: 7:49pm On Oct 09, 2017
More... I'll leave it here for now, for others to comment, contribute , share something and discuss.

Ps: Another thing, avoid extended and more risky move. Personally I will avoid that, I prefer the first and fresh entries.

Re: Forex Trade Alerts Season 17 by Bellonaire(m): 7:54pm On Oct 09, 2017
This is really interesting, Thank you for sharing this. I love the simplicity and application of market structure. God bless you for sharing once again.
Re: Forex Trade Alerts Season 17 by redsox11: 8:09pm On Oct 09, 2017
Bellonaire:
This is really interesting, Thank you for sharing this. I love the simplicity and application of market structure. God bless you for sharing once again.

You're welcome Man, we should be there for each other when we can.

Ps: I still have few things to post to bring it all together but that for later. We should work on this first.


Pps: Nennin hope you're following too? I can answer any question? other people here can also chip in.
Re: Forex Trade Alerts Season 17 by amolak: 8:41pm On Oct 09, 2017
redsox11:


You're welcome Man, we should be there for each other when we can.

Ps: I still have few things to post to bring it all together but that for later. We should work on this first.


Pps: Nennin hope you're following too? I can answer any question? other people here can also chip in.
It has been a while, we receive educative post like this. That is how it's to join a moving trend.

Thanks bros, more power to your elbow
Re: Forex Trade Alerts Season 17 by jammer777: 9:23pm On Oct 09, 2017
redsox11:


You're welcome Man, we should be there for each other when we can.

Ps: I still have few things to post to bring it all together but that for later. We should work on this first.


Pps: Nennin hope you're following too? I can answer any question? other people here can also chip in.

Whats the value of thr MA line pls?
Re: Forex Trade Alerts Season 17 by amolak: 9:35pm On Oct 09, 2017
redsox11:
More... I'll leave it here for now, for others to comment, contribute , share something and discuss.

Ps: Another thing, avoid extended and more risky move. Personally I will avoid that, I prefer the first and fresh entries.
How do you calculate your taking profit?
Re: Forex Trade Alerts Season 17 by redsox11: 10:06pm On Oct 09, 2017
jammer777:


Whats the value of thr MA line pls?
I thought nobody would ask smiley

You'll have have different Simple Moving average on different timeframe.

On 4 hours, it's 30 SMA.... It's to only appear on 4hrs
On 1 hour 24 SMA... It's to only appear on 1hr
On 30mins 50 SMA... It's to only appear on 30mins
Daily 55 SMA... It's to only appear on daily

amolak:
How do you calculate your taking profit?

Minimum 1:1 but you should let the profit run and cut your losses short.

4 Likes 1 Share

Re: Forex Trade Alerts Season 17 by nennin(m): 10:36pm On Oct 09, 2017
redsox11:
I thought nobody would ask smiley

You'll have have different Simple Moving average on different timeframe.

On 4 hours, it's 30 SMA.... It's to only appear on 4hrs
On 1 hour 24 SMA... It's to only appear on 1hr
On 30mins 50 SMA... It's to only appear on 30mins
Daily 55 SMA... It's to only appear on daily



Minimum 1:1 but you should let the profit run and cut your losses short. God knows i don't really get this at all. i just view gbpjpy i saw almost all the timeframe selling according to candestick.
Re: Forex Trade Alerts Season 17 by redsox11: 10:45pm On Oct 09, 2017
FILTER FILTER FILTER.

This will help you to avoid bad trades. Before you enter at all, look at this and use it to guide yourself.

When you trade, try to bag a lot of pips instead of going for small pips target, you can enter and set trade to breakeven after first retracement.

Few more charts and that's all. Ask questions if something is not clear.

Re: Forex Trade Alerts Season 17 by redsox11: 10:51pm On Oct 09, 2017
nennin:
God knows i don't really get this at all. i just view gbpjpy i saw almost all the timeframe selling according to candestick.

That's okay Nennin, we have all been there and it's totally okay. First let start with what is it your don't understand?? I mean first thing.

Do you have skype / Viber video call ?? We could arrange for that sometimes. You'll need access to a computer and MT4/5 .

1 Like

Re: Forex Trade Alerts Season 17 by nennin(m): 11:57pm On Oct 09, 2017
redsox11:


That's okay Nennin, we have all been there and it's totally okay. First let start with what is it your don't understand?? I mean first thing.

Do you have skype / Viber video call ?? We could arrange for that sometimes. You'll need access to a computer and MT4/5 .
first of all i really appreciate everyone who have one way or the orther help me and other newbies, i thank you guys for your contributions,time,energy and resources. may God almighty bless you all for your kindness.
Re: Forex Trade Alerts Season 17 by opsydudu(m): 12:10am On Oct 10, 2017
Loving this..simple, informative, educative and more importantly its free. Kudos
Re: Forex Trade Alerts Season 17 by nennin(m): 12:40am On Oct 10, 2017
redsox11:


That's okay Nennin, we have all been there and it's totally okay. First let start with what is it your don't understand?? I mean first thing.

Do you have skype / Viber video call ?? We could arrange for that sometimes. You'll need access to a computer and MT4/5 .
okay, let's go there. i will be using the candlesticks as example because of how easy they are, doji,hammer head, engulfing etc. all this candlesticks have one or two pattern in which you will identify them with ease. but in this case of HH,HL,LL,LH. they are given me tough time to understand it, just like supply and demand i have try to look if i can identify those areas but can't. but in the case of support and resistance i can identify S and R with ease.
Re: Forex Trade Alerts Season 17 by sojmann(m): 5:06am On Oct 10, 2017
redsox11:
What we are looking for is price to pierce deep through the MA line to form High/Low and and come back to find support at the MA before bouncing back up. See chart below.

This way you are combining the HH, LH, LL, HL (market structure) knowledge with MA line.

Ps: Avoid trades where price is moving up and down around MA Line ( that’s weak momentum )


Any question so far?? Guys should let me know if I'm not making sense.


Nice one!...............something similar..........
I like multiple MAs,shows the waves clearly grin

Re: Forex Trade Alerts Season 17 by redsox11: 5:13am On Oct 10, 2017
E/G can't create new Higher highs HH and Lower High LH (which is usually UP trend move)

But now it's creating, Lower lows LL, with Lower high LH (Which is usually indicative of down trend)

2 Likes

Re: Forex Trade Alerts Season 17 by orfilla4(m): 5:51am On Oct 10, 2017
redsox11:

Ps: Avoid trades where price is moving up and down around MA Line ( that’s weak momentum )
Will take note of this.
Re: Forex Trade Alerts Season 17 by redsox11: 8:21am On Oct 10, 2017
sojmann:



Nice one!...............something similar..........
I like multiple MAs,shows the waves clearly grin

Good one. It has broken the high, it's possible to come down to form HL, Higher Low.
** I meant to put Higher Low on the chart.


nennin:
okay, let's go there. i will be using the candlesticks as example because of how easy they are, doji,hammer head, engulfing etc. all this candlesticks have one or two pattern in which you will identify them with ease. but in this case of HH,HL,LL,LH. they are given me tough time to understand it, just like supply and demand i have try to look if i can identify those areas but can't. but in the case of support and resistance i can identify S and R with ease.

Those are not bad too, it's tad difficult to use though, as they are subjective and not usually stand alone reason to enter market with. As you have to take into account where those candle stick pattern appears to be valid.

Put an Indicator called Zig-Zag on your chart, it will help you with the HH, LH, LL, HL.

Re: Forex Trade Alerts Season 17 by Sunnycliff(m): 9:51am On Oct 10, 2017
GbpUsd is heading Northwards. A strong bullish trend in sight
Re: Forex Trade Alerts Season 17 by kunletoks(m): 10:15am On Oct 10, 2017
redsox11:
I thought nobody would ask smiley

You'll have have different Simple Moving average on different timeframe.

On 4 hours, it's 30 SMA.... It's to only appear on 4hrs
On 1 hour 24 SMA... It's to only appear on 1hr
On 30mins 50 SMA... It's to only appear on 30mins
Daily 55 SMA... It's to only appear on daily



Minimum 1:1 but you should let the profit run and cut your losses short.

Where to apply the MA? Open, Close or High?

Re: Forex Trade Alerts Season 17 by bigbasho: 10:26am On Oct 10, 2017
nennin:
okay, let's go there. i will be using the candlesticks as example because of how easy they are, doji,hammer head, engulfing etc. all this candlesticks have one or two pattern in which you will identify them with ease. but in this case of HH,HL,LL,LH. they are given me tough time to understand it, just like supply and demand i have try to look if i can identify those areas but can't. but in the case of support and resistance i can identify S and R with ease.
All you need is time to comprehend otherwise its the more you look, the less you see . I still recommend you start with babypips.

1 Like

Re: Forex Trade Alerts Season 17 by bigbasho: 10:29am On Oct 10, 2017
Sunnycliff:
GbpUsd is heading Northwards. A strong bullish trend in sight
I am 100+ already. bought since friday.
Re: Forex Trade Alerts Season 17 by Sunnycliff(m): 10:31am On Oct 10, 2017
bigbasho:
I am 100+ already. bought since friday.
Am just 30+ pips on it. I saw it yesterday but needed more confirmation

1 Like

Re: Forex Trade Alerts Season 17 by redsox11: 12:06pm On Oct 10, 2017
@Bigbasho All you need is time to comprehend otherwise its the more you look, the less you see . I still recommend you start with babypips.

You're right. It would help and make things more clear for you.


@kunletoks

Yes set to CLOSE.



Ps: Watchlist below. You should play it on demo as you are still getting a hang of it.

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