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Forex Trade Alerts: Season 19 - Business (119) - Nairaland

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Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 11:47am On May 31, 2019
PJAMES1:

CADCHF.
Looking to sell.
Immediate target 0.7380 (likely)
Long term target 0.7200 (possible)

Demo trade.
Looking for bearish price action, to sell again, around 0.7380(immediate target). If things continue to go to plan.

2 Likes

Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 11:53am On May 31, 2019
PJAMES1:
GBPCHF.
Bearish bias. There may be an opportunity to go short. If price retraces back to test the trendline, and there is a bearish price action. It may be a good place to sell.
Why won't I be surprised if price retraces to test the trendline. For those of us just learning. The moving average helps. Look at the relationship between the price and the moving average.

Demo trade.
Playing out just fine

1 Like

Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 11:58am On May 31, 2019
PJAMES1:
GBPNZD.
Bearish bias. An opportunity to go short may come up. I am looking for an entry. However, if I do not get a satisfactory reason to enter. I will stay out.
Some caution though...
1) I could be wrong.
2) Trading GBP pairs can be challenging because of fundamental issues surrounding the pairs. If you are a swing trader who uses tight stops, I believe it may be better to avoid them. Talking from experience.. My stops aren't even usually tight and yet I had to remove most of them from the pairs I trade at a time. They could be troublesome.

Always remember that one could be wrong at any time, and that money management and responsible trading are part of the core factors that make a difference. Some will be right, some will be wrong.

Currently trading more than 100 pips below when I posted this. I have no reasons to think that's all. Still going down. NZD likely to show some strength.
I expect EURNZD and GBPNZD to fall.. heavy.
But like I always say.. I can be wrong. Things become easier when you trade knowing you could be wrong. And that money management is what makes the difference at the end of the day. Let the wins run. And cut the losses as soon as you discover you have been wrong. Summarily.. Always trade with a good RRR.

3 Likes

Re: Forex Trade Alerts: Season 19 by meshpips(m): 12:29pm On May 31, 2019
meshpips:


Place a buy limit at 108.56 for 50 pips profit

If price gets to 109.31 before 108.56 then the buy trade has been invalidated.
Re: Forex Trade Alerts: Season 19 by femora007(m): 12:48pm On May 31, 2019
AUDCAD on my watch for possible sell for 100pips
Re: Forex Trade Alerts: Season 19 by meshpips(m): 1:40pm On May 31, 2019
USDJPY

I'm selling this for about 30 pips before taking the buy from 108.5X

Re: Forex Trade Alerts: Season 19 by redsox11: 2:06pm On May 31, 2019
Done for the Week/ Month. Long term trading going going well, as well as short term / aggressive trading.
Now I'm here to learn from others.


femora007:
AUDCAD on my watch for possible sell for 100pips

Bad guy, I see you. Not a bad idea if the market breaks down. The bull run looks like retrace on daily chart.
I'm not saying the sell is going to work out but IT LOOKS good to me.

Ps: Some trade opportunities around but I don't want to push it, because it's Friday.


DoroBad:
...
Yo Boss man.
Re: Forex Trade Alerts: Season 19 by meshpips(m): 2:46pm On May 31, 2019
meshpips:
USDJPY

I'm selling this for about 30 pips before taking the buy from 108.5X


USDJPY came back towards my initial entry.

I figured it wanted "something".

So I added one more sell.

If 108.70 cracks then USDJPY will be naked and defenceless until 108.5X

1 Like

Re: Forex Trade Alerts: Season 19 by meshpips(m): 2:58pm On May 31, 2019
Pepper body dey worry this USDJPY.

It has taken out the second entry at break even.

Re: Forex Trade Alerts: Season 19 by meshpips(m): 4:05pm On May 31, 2019
USDJPY has delivered on the sell side.

See attached screen shots (before and after)

2 Likes

Re: Forex Trade Alerts: Season 19 by meshpips(m): 6:51pm On May 31, 2019
NZDUSD

Nice move today.

1 Like

Re: Forex Trade Alerts: Season 19 by redsox11: 9:23pm On May 31, 2019
meshpips:
USDJPY has delivered on the sell side.
See attached screen shots (before and after)

meshpips:
NZDUSD
Nice move today.

It seems you're cooking something interesting here. I particularly like the add on, it's the professional way of trading. I and my friends, call it dancing with the price. Something I need to learn and work on. Especially attacking sequence.

Ever heard of attack and rescue sequence? just asking.
Re: Forex Trade Alerts: Season 19 by meshpips(m): 12:10am On Jun 01, 2019
redsox11:




. . .
Ever heard of attack and rescue sequence? just asking.

Not at all sir.
Re: Forex Trade Alerts: Season 19 by alphaNomega: 6:55am On Jun 01, 2019
Hey everyone, here's another trade idea for USDCAD.

I don't have much to say, X marks the spot!

Follow your trade plan and money management.

2 Likes

Re: Forex Trade Alerts: Season 19 by femora007(m): 8:35am On Jun 01, 2019
redsox11:
Done for the Week/ Month. Long term trading going going well, as well as short term / aggressive trading.
Now I'm here to learn from others.




Bad guy, I see you. Not a bad idea if the market breaks down. The bull run looks like retrace on daily chart.
I'm not saying the sell is going to work out but IT LOOKS good to me.

Ps: Some trade opportunities around but I don't want to push it, because it's Friday.


Yo Boss man.
With this your short term aggressive trading i hope your broker won't declear bankruptcy. well done

1 Like

Re: Forex Trade Alerts: Season 19 by ikhalyfah(m): 4:22pm On Jun 01, 2019
Please which Desktop trading platform is the best and where can i download it?
Re: Forex Trade Alerts: Season 19 by ikhalyfah(m): 4:23pm On Jun 01, 2019
infofirst:


The eu trend has not changed, it's down trend for months now. But that does not mean you can not buy provided you know the right price to buy. Despite on downtrend, you can still sell and lose. So the best idea is to always buy right and sell right and not forgetting the trend and market situation
Hello boss, i understand you give out prize on a contest. How does it work please? Wanna join
Re: Forex Trade Alerts: Season 19 by Addme: 4:55pm On Jun 01, 2019
redsox11:
Yes but not easy.

Do you know, 95% of posters on this thread are not profitable traders? Yes, don't believe everything you see online hook line and sinker. Not being profitable is not a bad thing though but you've to work smart, not just hard. A lot of the profitable ones rarely post here anymore.

I wasted a lot of years learning ABSOLUTELY RUBBISH and trash, some I'm still try to unlearn. The fastest way to becoming a profitable trader is not going to youtube or some forex forum, it's finding someone that is profitable, that is willing to help you, to help you shorten your learning curve.

Going to youtube and forum will make you go through wasted years like so many of us did, and a lot of us are still not profitable till tomorrow shocked grin.

I think you should go stalk;
@JerryQ
@currentprice
@Shevchenko2
@infofirst
@femora007

Especially someone like JerryQ, if you can get him to dedicate his time and teach you, I tell you, you would've shorten your learning curve by 5-7 years. The problem is, they've got no incentive to teach you, so i don't know how you will go about it.

If and when I'm ready personally, I can get someone profitable within a year, if they put in the work. As you wouldn't have to learn rubbish and waste years to get the right info.

Ps: Please , I'm not asking you to go give anyone on here your money.
Thanks bro for this.
Very helpful.

1 Like

Re: Forex Trade Alerts: Season 19 by redsox11: 5:56pm On Jun 01, 2019
meshpips:

Not at all.
Okay. I thought you was using a method I recognize. The METHOD of having no method (be nimble and not rigid, following and dancing with the price).


femora007:
With this your short term trading.


I think when you’re able to stop bleeding and start making 2% — 30% consistently every month, then you’ve crossed the first hurdle. A lot of people stop here and keep making the consistent profit. Why stop there when you can keep learning and improving.

I believe as a “profitable” trader you need minimum of 2 accounts. One with your stable consistent % return, something not outrageous and achievable.

The 2nd account to push your limit, train yourself and breakout of your trading level to next level.


Case study, a guy turned real account, $2000 into $200,000 in under 6 months. If he didn’t try and set his mind to it, HE WOULDN’T ACHIEVE this turnover to start with.

How would you know you can do it if you don’t even try. ( Don’t forget, try only with amount you can afford to lose. )

Another case study, Teemy posted the contest winner with over 2000% of account balance in just 2 weeks. I couldn’t that, even in my dreams that I’m allowed to bend to my favour sometimes. So I’m not remotely close to that level.

Check out forexsaint on FF , he usually turn 80$ —100$ into 10,000$ , he has done this more than 7 times that I know of.

Everything I said above is for profitable traders to try out, NOT NEW TRADERS. New traders need to learn to be profitable first before dreaming about pushing the limit.

8 Likes 1 Share

Re: Forex Trade Alerts: Season 19 by redsox11: 6:11pm On Jun 01, 2019
My Long Term account, See the percent return for this month, and this month drawdown.
I won't bother to show my small and aggressive account.

3 Likes

Re: Forex Trade Alerts: Season 19 by redsox11: 8:53pm On Jun 01, 2019
Good read from Dongsky ;

I started trading and i didn't have any clue at all of what i was into. I signed up for a live account (5k regular acct at fxcm) after a sales person from fxcm made a lot of very promising sales pitch about forex. I remember him saying " having an investment of $3,500 (regular account) you can double your equity in no time" until now i don't have a clue what he meant by that. I opened an account thinking i will become rich in a quicker manner but to my dismay several days later, the market had skinned me alive.

I funded my account several times and until i realized my lifetime saving was now bleeding and said to myself something must have to be done, and as soon as possible. I was sitting infront of my screen after a long afternoon of business accounts consolidations (my own business - small cafe) i was reading few threads from FF and stumbled to fti's thread, TFA and i was really stuck to his thread. I was so interested and read the thread through (4 full days) and re-read again.

I've learned from him how to follow and read the market, feel the pulse and react quickly to whatever she (the market) gives. I really enjoyed experimenting fti's rescue tactics but i preffered cutting losses and running profits than rescuing my troops for i never really had a high success rate by doing so. until now i'm still doing 112 & 113 attack sequence as fti's teaching, I preffer to stick on attacks than rescuing.


And then i came accross the thread of feb's trading with irony and again captures my interest. as i was reading his thread, again there's something in me that boiling deep inside trying to blow my brains off. just like fti he too trade basically using pure price actions, but he's got some methodology and clear cut rules.

Now i have their methodology combined fti's art of war and feb's V's formation, AWESOME!

November last year, was the month i say the golden month and the turning or say reversal moment of my trading career heheheeh. since then, i managed to recover all my losses from day one and managed to secure some pips profit

6 Likes

Re: Forex Trade Alerts: Season 19 by meshpips(m): 9:04pm On Jun 01, 2019
@redsox11 you nor gree play chess with me abi?

I requested on one of the thread you created.
Re: Forex Trade Alerts: Season 19 by redsox11: 9:21pm On Jun 01, 2019
meshpips:
@redsox11 you nor gree play chess with me abi?
I requested on one of the thread you created.
I sent you friend request already " mishael ". You have to accept me first smiley
Re: Forex Trade Alerts: Season 19 by meshpips(m): 9:32pm On Jun 01, 2019
Hold on let me check.

1 Like

Re: Forex Trade Alerts: Season 19 by meshpips(m): 10:15pm On Jun 01, 2019
redsox11:
I sent you friend request already " mishael ". You have to accept me first smiley

friend request accepted.

1 Like

Re: Forex Trade Alerts: Season 19 by femora007(m): 11:04pm On Jun 01, 2019
redsox11:
Okay. I thought you was using a method I recognize. The METHOD of having no method (be nimble and not rigid, following and dancing with the price).




I think when you’re able to stop bleeding and start making 2% — 30% consistently every month, then you’ve crossed the first hurdle. A lot of people stop here and keep making the consistent profit. Why stop there when you can keep learning and improving.

I believe as a “profitable” trader you need minimum of 2 accounts. One with your stable consistent % return, something not outrageous and achievable.

The 2nd account to push your limit, train yourself and breakout of your trading level to next level.


Case study, a guy turned real account, $2000 into $200,000 in under 6 months. If he didn’t try and set his mind to it, HE WOULDN’T ACHIEVE this turnover to start with.

How would you know you can do it if you don’t even try. ( Don’t forget, try only with amount you can afford to lose. )

Another case study, Teemy posted the contest winner with over 2000% of account balance in just 2 weeks. I couldn’t that, even in my dreams that I’m allowed to bend to my favour sometimes. So I’m not remotely close to that level.

Check out forexsaint on FF , he usually turn 80$ —100$ into 10,000$ , he has done this more than 7 times that I know of.

Everything I said above is for profitable traders to try out, NOT NEW TRADERS. New traders need to learn to be profitable first before dreaming about pushing the limit.
Yes there is always room for improvement. Don't get me wrong, I have nothing against short term aggressive trading. infact i av tried it before but had to stop 'cos I don't have much time due to the nature of my work and i know i will still go back to it some day

1 Like

Re: Forex Trade Alerts: Season 19 by ikhalyfah(m): 4:46am On Jun 02, 2019
USDCAD views.
H1, H4, D1 respectively.
Corrections are highly welcomed

2 Likes

Re: Forex Trade Alerts: Season 19 by ikhalyfah(m): 4:52am On Jun 02, 2019
By the way, I'm a learning newbie trying to make my way bit by bit
ikhalyfah:
USDCAD views.
H1, H4, D1 respectively.
Corrections are highly welcomed

1 Like

Re: Forex Trade Alerts: Season 19 by ikhalyfah(m): 6:01am On Jun 02, 2019
CADJPY D1
Go short if next candlestick close below 79.778 green horizontal line.
Go long if it closes above it.

1 Like

Re: Forex Trade Alerts: Season 19 by infofirst(m): 1:18pm On Jun 02, 2019
ikhalyfah:

Hello boss, i understand you give out prize on a contest. How does it work please? Wanna join

We concluded that already. Hopefully in the future.

5 Likes

Re: Forex Trade Alerts: Season 19 by infofirst(m): 2:36pm On Jun 02, 2019
redsox11:
I sent you friend request already " mishael ". You have to accept me first smiley

I sent mishael request too. @ishow2005.

@redsox11. I need play one game with you o. But that 10mins too long. Let's do 3mins. Speed is part of the game.
Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 3:51pm On Jun 02, 2019
EURNZD.
If this setup is right and you can find an entry.. Maybe we can ride this down together.
Note that the invalidation level for the set up is above the candle (that doji after the bullish candle, the middle candle) the arrow at the top is pointing to. Stop loss should be around there.
Note that even if the setup is valid, it will take weeks. But it's how I have been learning to trade. I am very patient.
The lower arrow is the first target. Yes, I think it will break that support and go further south. But one step at a time.
Another place to find an entry is around the green line. One could watch for daily or 4 hour rejections from the green line.
Best bet is if there is an upward movement to make entry more favorable.

Ps: Before you start looking to use this setup, please note that the stop loss is in the range of 200 pips. We have different trading styles. I do medium to long term trades. If you noticed, I hardly post below 4 hour charts. It's what works for me.

3 Likes 1 Share

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