Hi guys this is my second message concerning this. I have a WhatsApp group where I teach young people the basics of Forex.

I'm pleased to invite anyone willing to volunteer to spend a day with us in the group by sharing your experiences as a trader as well as some tips for trading.

Please send me a mail or mention me if you're interested. I look forward to receiving a response from any professional on board. Thank you.

Bacteriologist:
Hi guys this is my second message concerning this. I have a WhatsApp group where I teach young people the basics of Forex.

I'm pleased to invite anyone willing to volunteer to spend a day with us in the group by sharing your experiences as a trader as well as some tips for trading.

Please send me a mail or mention me if you're interested. I look forward to receiving a response from any professional on board. Thank you.

OK..

Donvic4u:


OK..

Thanks! Sent you a mail!

collitexnaira:
@infofirst, my $100 demo update.

It ended with little or no profit. It was a give and take week. Started with a good profit but gave them back while trying to make more.

Only you. 12 different currency pairs in five trading days. That's stress on you. You have to do something in a different way from what you have been doing. Chill, relax, calm. It's not difficult. Do not be stress out. Try and take one trading pair at a time.

Let's do this if it's for next week starting from the weekend. Look at gold gu eu uj and Hummm crude oil. Oil is tempting me again.
Come and drop what you are seeing or willing to trade ahead before price gets there. And let you and I Rob mind together before you take the trade.

Bacteriologist:
Hi guys this is my second message concerning this. I have a WhatsApp group where I teach young people the basics of Forex.

I'm pleased to invite anyone willing to volunteer to spend a day with us in the group by sharing your experiences as a trader as well as some tips for trading.

Please send me a mail or mention me if you're interested. I look forward to receiving a response from any professional on board. Thank you.

Alright boss. But me am a learner. Just trying to be pro.

infofirst:


USD did complied despite initial attempt to reverse.
Today, NFP came excellent but did not help USD escape the drop. Food for thought for the fundamental trader

I can't remember when last the NFP really moved the market in the expected direction by at least 100 pips. Maybe on Gold but not on currencies. The market either turns the wrong way or just shakes around for 30-50 pips on the major pairs. Still the people that claim to only trade fundamentals go find grammar and justify the jagajaga movements.

For me, fundamental releases are market fuel, nothing more. The average retail trader claiming to only trade fundamentals is a joker. It is just like a coin toss, 50-50. By all means be aware of them but I no dey attach too much importance on them. If my trades are affected positively because of them, beautiful. If not, I carry my kaya go front to the next trade

redsox11:
Correction before any possible continuation.

I agree with this.. I've got a GU trade I will manual-trail at market open. If the move is an exaggerated reaction to trap NFP sellers, the correction could be quick.

Meanwhile, more posts on why profitable retail traders should embrace investors:

https://healthyforex.com/small-capital-as-a-reason-for-forex-trading-failure/
https://healthyforex.com/why-forex-traders-need-investor-capital/

Please house I have a question i. e for those that uses indicators based trading. Please what is the most reliable arrow indicator that you have ever come across be it mt4 or 5. I know price action is the best but I know why am asking. Please someone should Pls answer. (2) Pls who have the mt4 version of Eagle arrow indicator.
Thanks in advance for the answers and Pls no insults

infofirst:

Can't wait for the many zeros sum from investors.
I received the report for the top three traders performance fees wise from darwinex and I was wow.

Matter of time..

Yeah the May report is cool (shown in image below) but February remains the best so far this year for most of us there..Thanks to the flash crash and general volatility in January.

The top paid guys in the February report got almost €40,000 combined.

Shevychen2:

Matter of time..

Yeah the May report is cool (shown in image below) but February remains the best so far this year for most of us there..Thanks to the flash crash and general volatility in January.

The top paid guys in the February report got almost €40,000 combined.

The first position guy still an interesting drawdown too, best profit with less risk. Hmmmmmm

AK284:




The first position guy still an interesting drawdown too, best profit with less risk. Hmmmmmm

Hence why he has a total of $1.2m invested but it's not that black and white though...The most invested guy has a combined $3.5m with a higher drawdown.

Shevychen2:

Matter of time..

Yeah the May report is cool (shown in image below) but February remains the best so far this year for most of us there..Thanks to the flash crash and general volatility in January.

The top paid guys in the February report got almost €40,000 combined.

Boss @shevychen2, thanks for the information you are providing us with.

Sometime last year, you talk about this Darwinex, I took interest and even created a Darwin ( https://www.darwinex.com/darwin/ZYW.4.10/ )
, but emergency took the fund I wanted to start with and since then too much responsibility hasn't allow me save up the £500 start up capital but I am hopeful that before this year runs out, I would get funded.

Please take out time and go through my Darwin and comment on what you think I should work on when I get funded and start trading.

infofirst:


Only you. 12 different currency pairs in five trading days. That's stress on you. You have to do something in a different way from what you have been doing. Chill, relax, calm. It's not difficult. Do not be stress out. Try and take one trading pair at a time.

Let's do this if it's for next week starting from the weekend. Look at gold gu eu uj and Hummm crude oil. Oil is tempting me again.
Come and drop what you are seeing or willing to trade ahead before price gets there. And let you and I Rob mind together before you take the trade.

Boss Boss, that is a very good gesture. I will look into those pairs and get back to you

@infofirst, can I share my analysis also? Forex has been giving me some headaches because I trade alone and I'm new to the business. I need help

Benqozenero:


Boss @shevychen2, thanks for the information you are providing us with.

Sometime last year, you talk about this Darwinex, I took interest and even created a Darwin ( https://www.darwinex.com/darwin/ZYW.4.10/ )
, but emergency took the fund I wanted to start with and since then too much responsibility hasn't allow me save up the £500 start up capital but I am hopeful that before this year runs out, I would get funded.

Please take out time and go through my Darwin and comment on what you think I should work on when I get funded and start trading.

Well done bro. For starters, you haven't taken enough trades to get a clear picture of the strategy. As shown by the low EX score..

However, I can see the RS score is very low due to the level of risk taken on the underlying account with the current VAR at 38%. Although Darwinex sets the var for darwins automatically at 10%, no one wants a darwin where the underlying strategy can have VAR blowing over 50% sometimes. You will have to reduce risk a great deal when you resume but it will take a few months for the RS score to reflect the positive changes.

No calculated Capacity yet but from your trade durations I can assume your strategy should have 4-5 in capacity.

The LA is very good but only as a result of the EJ and AJ trades that yielded 12% and 7%. Will be great it you can maintain it as you trade and build EX. Then lower risk to achieve around 20% VAR on your account.

This link has more on the Darwinex attributes traders should care about https://healthyforex.com/the-important-darwinex-investable-attributes-for-traders/

Shevychen2:

Well done bro. For starters, you haven't taken enough trades to get a clear picture of the strategy. As shown by the low EX score..

However, I can see the RS score is very low due to the level of risk taken on the underlying account with the current VAR at 38%. Although Darwinex sets the var for darwins automatically at 10%, no one wants a darwin where the underlying strategy can have VAR blowing over 50% sometimes. You will have to reduce risk a great deal when you resume but it will take a few months for the RS score to reflect the positive changes.

No calculated Capacity yet but from your trade durations I can assume your strategy should have 4-5 in capacity.

The LA is very good but only as a result of the EJ and AJ trades that yielded 12% and 7%. Will be great it you can maintain it as you trade and build EX. Then lower risk to achieve around 20% VAR on your account.

This link has more on the Darwinex attributes traders should care about https://healthyforex.com/the-important-darwinex-investable-attributes-for-traders/

Thanks Boss for your insightful review. I have taken note of your recommendations and would be applying it once I get started.

Can you please tell me what browser is best to open Darwinex website because I use Chrome browser which is perfect for other websites but very frustrating with Darwinex.

currentprice:


so far it stay below red levels trade is safe. If you follow the call u can move ur SL down to reduce your risk. am leaving mine since I know when to run

Hello currentprice.

Bro please check your mail, I sent you a message.

Complicated experimenta....

Bacteriologist:
Hi guys this is my second message concerning this. I have a WhatsApp group where I teach young people the basics of Forex.

I'm pleased to invite anyone willing to volunteer to spend a day with us in the group by sharing your experiences as a trader as well as some tips for trading.

Please send me a mail or mention me if you're interested. I look forward to receiving a response from any professional on board. Thank you.

Hi boss, I just need somebody to share my analysis with, what do you say??

bojbest:
@infofirst, can I share my analysis also? Forex has been giving me some headaches because I trade alone and I'm new to the business. I need help

I will try if it's the pairs I trade but in case not. I believe some one will help if you ask for opinion on the analysis

Bacteriologist:
Hi guys this is my second message concerning this. I have a WhatsApp group where I teach young people the basics of Forex.

I'm pleased to invite anyone willing to volunteer to spend a day with us in the group by sharing your experiences as a trader as well as some tips for trading.

Please send me a mail or mention me if you're interested. I look forward to receiving a response from any professional on board. Thank you.

..please I want to join ur group...add me 08096147489

alphaNomega:
Why not patiently wait for trades you can hold and earn swap fees? You can do like me and forgo trade setups that require you pay swap.

In other news,GBPUSD bulls started this week with a bang. Price will hit 1.3200 with NFP ready to bolster it to 1.3400

Update: GBPUSD at 1.3166

infofirst:


Only you. 12 different currency pairs in five trading days. That's stress on you. You have to do something in a different way from what you have been doing. Chill, relax, calm. It's not difficult. Do not be stress out. Try and take one trading pair at a time.

Let's do this if it's for next week starting from the weekend. Look at gold gu eu uj and Hummm crude oil. Oil is tempting me again.
Come and drop what you are seeing or willing to trade ahead before price gets there. And let you and I Rob mind together before you take the trade.

Good day boss, these are my analysis...

GU
Price closed just below a resistance line. I expect price to break the resistance line, then form a price continuation pattern by retesting the level followed by a bull candle, then i will enter a Buy trade. But if price did not break the resistance line and form a reversal pattern right below that level, i will enter a Sell trade.

Gold
Right now on gold price has broken a minor resistance level and has retested it, i will enter a Buy trade once i see a bull candle indicating that price is going up. I will probably take my TP at the next resistance level depending on how price behave when it get there, but i think price may extend further to the descending trend line. Price will probably reverse at the trend line then i will enter a Sell trade there.

UJ
Price is just on a minor support level which i expect it to break and head for the major support level below where price will probably reverse then i will enter a Buy trade. Before heading for the major support level, i may enter a Sell trade, if price retest the minor support level before going down.

OIL
Price is lying on a support turned resistance line with no clear indication of the direction it will go. I expect price to head for the ascending trend line, retest it and reverse, then i will enter a Sell trade. But if price did not go long to the trend line, instead it start going short from that resistance line, i will enter a Sell trade there.

.

.

@collitexnaira.
Those analysis are not bad. You are having good idea of what is happening. I think you just need to begin to trust your judgment more with practice. Now to my view.

Gu. Price took a resistance at 1.31115, if you look at the chart carefully, you will see that price was shy of the 1.3115 as it hit 1.310* on the 1st of May and reverse all the way to 1.298*. On retest, price smashed 1.310* and 1.3115. So 1.3115 was a more significant resistance and the 1.317* it hit on Friday was more of a minor resistance and with the way the candles closed. There is no doubt that price will smashed 1.317* this week so a conservative trade will be to wait for price to retest 1.3115 to 1.310* region to then buy or set buy limit and aim for 1.325*-1.329* (You do not need to take all the pips so a tp at 1.3250 wil be sufficient and considering the fact that gu does average of around 200-250 pips a week except for a highly volatile week) So if you are very much around to check your trade, you can trade the reversal when market open to retest of the said 1.3115-1.310* region but that's counter trend trading kind of boss @redsox11 approach but you need experience to do that. But Mr market can be funny and that's why conservative trader stay away from trying to do that but if you know your onion. You can try it.
The fact that we are expecting does not mean price will do all that this week. Volatility and news will make all of the above happens faster. And if Mr market is tired, price can just continue to play around but those are what you shd be on the look out for.
So try and go through this, see if you understand then ask question if there is any and tell me, what will be the trades for gu this coming week.

Crude oil.. @currentprice and @meshpips on oil made me to revisit it. It's one instrument I used to love but I just abandoned it. But checking the chart. I was tempted not to let go of the juicy set up so the reason I included it and trying to trade it this week. I did on Friday and got something.
The no direction you mentioned. You can say that since that's the way you see it which is fine. But to me, it has direction and the direction I can see is down. The ascending triangle you mentioned, if price attempt to over stretch, yes it can retest it but it will need lots of things to happen. It was 62.4* I was expecting to be retested and I placed a sell limit at 62.30. Price frustrated me but I waited and it picked, I wanted to get 100 pips but when I realized volatility was not there. I settled for 29pips and closed as I do not want to leave the trade over the weekend. But this week or till when the market wishes, price will need to retest ip till 58.** so I will sell and aim for 200pips only. But if am around when it's moving.i can intra trade and hit and run and repeat over and over
Then note that the best time to trade oil is during the new york session. That's when the action happens most time then I hope you know that oil is traded in contracts too. So you must know when each contract ends so you are not taken out automatically by the platform.

Humm.. Let me stop on those two. You see it's not easy to do all these all the time when there are other commitments but when you are used to it. It's so easy to do that you do not spend so much time doing them and believe in it, discipline, patience, no over trading because no doubt over time you will win much more than you will lose which is fine. But it's actually possible not to even lose. Some will laugh and be like losses are part of the business. It's because of what you know that's why you say that. I have not arrived there yet and that's why I kept on learning because I have a long time realized that the market does the same thing every now and then, we just failed to understand and come to conclusion that it's not possible. There is nothing a man can not accomplish as long as he believes and his imagination say yes too.
We live in a world where our limit is determined by our imagination.

When I lose a trade, it's not because the market has changed its because I failed to analyze or understand what the market is doing and I got punished for it. Happy green pips ahead folks.

Over to them bosses to give their own views and opinions too.

That's the way to go to struggling traders, try and come up with your views ahead of the market open and somebody might chip in something you know.

Plan your trade and trade your plan.
Trade safe and responsibly.
Bull will eat and bear will eat only the pigs will be slaughtered. The choice is yours. To be a bull, bear or pig.
Be responsible and accountable for your decision.
I have only written my view. Am not Mr market but a discipline of the market.

infofirst:
@collitexnaira.
Those analysis are not bad. You are having good idea of what is happening. I think you just need to begin to trust your judgment more with practice. Now to my view.

Gu. Price took a resistance at 1.31115, if you look at the chart carefully, you will see that price was shy of the 1.3115 as it hit 1.310* on the 1st of May and reverse all the way to 1.298*. On retest, price smashed 1.310* and 1.3115. So 1.3115 was a more significant resistance and the 1.317* it hit on Friday was more of a minor resistance and with the way the candles closed. There is no doubt that price will smashed 1.317* this week so a conservative trade will be to wait for price to retest 1.3115 to 1.310* region to then buy or set buy limit and aim for 1.325*-1.329* (You do not need to take all the pips so a tp at 1.3250 wil be sufficient and considering the fact that gu does average of around 200-250 pips a week except for a highly volatile week) So if you are very much around to check your trade, you can trade the reversal when market open to retest of the said 1.3115-1.310* region but that's counter trend trading kind of boss @redsox11 approach but you need experience to do that. But Mr market can be funny and that's why conservative trader stay away from trying to do that but if you know your onion. You can try it.
The fact that we are expecting does not mean price will do all that this week. Volatility and news will make all of the above happens faster. And if Mr market is tired, price can just continue to play around but those are what you shd be on the look out for.
So try and go through this, see if you understand then ask question if there is any and tell me, what will be the trades for gu this coming week.

Thanks boss, your analysis was well understood and very educating.
But how do you manage the effect of high impact news on your trade, when you set a TP of about 200 pips, knowing fully well that the news could change the direction of your ongoing trade which is already in profit.

collitexnaira:


Thanks boss, your analysis was well understood and very educating.
But how do you manage the effect of high impact news on your trade, when you set a TP of about 200 pips, knowing fully well that the news could change the direction of your ongoing trade which is already in profit.

When you do the needful, news will not change anything. The common two things news do is to fuel the move or retest a major support or resistance on the higher Tf.

Let's say any news will come out this week. The worst it can do is for gu to go all the way to retest 1.289* and then 1.330*
And then when you take trades from worthy levels of support or resistance, you have the chance to set positive stop loss and nothing to loss. And the news in question does not happen all of the time.

The 200pips.i might end up making more but it might not be in a single trade, time and my availability will determine. Let's say am available to check my trade. When it's in green. And I sight some drops in 1hr Tf. I can close and reenter again. Different possibilities you know.

Constant study of the charts. Practice over time is the best way to grab most of those things. That's why it's advisable you focus on less pairs and by the time you are in charge, you can trade as many as you can. I do not trade much pairs simply because I am not a full time trader and those I trade are more than sufficient. So too much is too much stress in my view.

Note*. I wanted to type New York session for oil ***