obatine:
#BREAKOUTANDCHANNELTRADES

redsox11:


Hope you keep posting, good info.

I like it when channel ( I usually call is price compression ) is obviously going down for good buy entry and vice versa.

When I see the compression, I know price is trying to find the nearest area of interest then go the opposite direction.

Ps: You enter a trade and it's taking so much effort to give you profit, it's going +5, +7, +10, +12, YOU notice you are in profit but it's taking forever to move in your direction, all of sudden price will just move against you with so much ease and head to your SL.

You're most likely in a price compression.

wuyexzy:
phew, oga mesh pip exited the g/u early

eye2sabi:


I'm still waiting for you to talk on areas of interest as you said you would. it will really go a along way to help some of us. thanks bro

I will soon.

It's not some big secret though

You can see where price are drawn to mostly on your charts / decision areas

Cheers.

redsox11:


Couldn't figure out the H&S on your GJ chart. Maybe I've got sight problem.

Exited mine.

Gazelle22:


But it later dropped to my target of 148.55

ehizmac:
Good day guys.... This is another opportunity to book some pips... GBPJPY n USDJPY SELL @CMP

teemy:
Closed my CADS


Isn't that lot size a bit large for that account balance?

Gazelle22:
NIGERIAN FX TRADERS: ALWAYS ON THE LEAD

- EHIZMAC, MESHPIPS, REDSOX11, PIPSBASKETTING, JLINE, ETC, SPOTTED

I have most times laid my little head back to think why Nigeria as a country is not ahead of the most developed countries of the world. That question, till date, still appear rhetorical.

Nigeria is blessed with a lot of talents, creativity and ingenuity. As a journalist and Political Scientist, I have had the opportunity to evaluate the performances of Nigerians individually, both at home and in diaspora.

In the world of academics, policing and defense, research, technology, science and development, business and investments, Nigerians are always on the lead when placed under the same condition with their counterparts across the globe.

To save time and space, the business of Forex trading is about the most risky and complicated. Investors across the globe will rather prefer going for very safe investments like bonds and Treasury Bills with meager returns of sometimes less than 5% annually. Nigeria sold her USD denominated bond at 7.5% this year, yet, foreign investors were falling over themselves leading to its oversubscription.

Normally, Forex Traders who brand themselves 'professionals' will see a return of 30% annually as amazing. United States government practically bans there citizens from involving in Forex trading. Where they are allowed, tough regulations follows. For instance, account managers must be professionals, registered and regulated. Brokers will not allow more than 1:50 leverage, etc.

But come down to Nigeria, that which appears very tough and scary for the supposed educated, enlightened and civilized nations and citizens is like a child's play here. Forex trading has become very common and lucrative, with talented Nigerians safely returning sometimes over 100% monthly or in less than a month.

In this thread for instance, evidence abounds of Nigerians who make themselves and Nigeria proud.

Meshpips recently got involved in Social Trading with liteforex to benefit both himself, newbies and even professionals who will still like to diversify. He made it public here. In that way, his efforts will greatly be rewarded in times to come.

Redsox11, Ehizmac, Pipsbasketting and a whole lot of others are encouraged to follow suit.

Congratulations to all of you.

# NigeriaHaveTalent#

GAZELLE MEDIA

redsox11:


I will soon.

It's not some big secret though

You can see where price are drawn to mostly on your charts / decision areas

Cheers.

mamatwiny:
Hi all,
I am the latest newbie in forex trading.
Please recommend some good books for me.

ehizmac:

Yea it is a very big lot size for the account but based on the analysis involved i call it the jackpot setup so I loaded my boat.. For those interested in joining the whatsap group should inbox me their details... Pls for only serious minded traders

nohalti:

Please kindly post the link to the whatsapp group here for easy access.
Thanks for wanting to help new forex traders.