jamace:


SELL USDCAD @ 1.34220

Note: Alert based on H4 TF

Trade Closed at 1.31900

Alert! Alert!! Alert!!!

BUY USDCAD @ 1.31900

Note: Alert based on H4 TF

dmz1:
please house I started forex trading 2 weeks ago, but I have lost 75% of my capital. I need all the help I can get.

You should have a mentor, did he run and leave you to do it on your own?

jamace:
Alert! Alert!! Alert!!!

BUY USDCAD @ 1.31900

Note: Alert based on H4 TF

This man i have being following you since 2008,persistence pays. i am happy for you

enolife2:

Your problem is money management. I will advice to Stop trading live account now and go back to trade demo account for another 6 months. In this 6 months learn money management very well, know why you lose on each trade and focus on one pair.

Never trade more than 2% of your capital

have 5:1 winning rate in your demo trading before going live

do not over trade. once you lose a trade close your computer for that day

[quote][/quote]

OK thanks a lot for the advice. by 2% do you mean like 0.02 lot size on a $100 account?

meshpips:


Reach me on Skype: pipcenturion

I will give you trade signals with which you will re-build the account.

Be strong! Na so market shakara everybody when we just started trading.

[quote][/quote]

thanks man. I will do so. forex na the more you look the less you see

drpips1:

You should have a mentor, did he run and leave you to do it on your own?

[quote][/quote]

more like being taught the trading in a forex class where the teachers attention are needed by the many students. no special mentor.

Sunnycliff:



CL stop loss hit.

Gold closed @1385.
Profit made of over 600 pips

You people and Gold. Well done

dmz1:


more like being taught the trading in a forex class where the teachers attention are needed by the many students. no special mentor.

As it is now, use 0.01 on that live account. I think you should open a demo account if you are a trigger happy trader. Use it to fire at will. I know you desperately want to make back the lost money but would you want to loose the remaining $64? Open ONE position at a time with your live account if you must trade, subsequent signals you get should be on the demo. It will help you keep your head together since your live account still has money. If you loose the demo, you can always open another one and be happy it was not real cash you lost

russy:


This man i have being following you since 2008,persistence pays. i am happy for you

Bro, it has not been easy. The spirit of patience and perseverance has kept us this far.

Hope you are still in the game?

dmz1:


OK thanks a lot for the advice. by 2% do you mean like 0.02 lot size on a $100 account?

Yes. But knowing how to add or subtract your stop pips to the pair price so as not to lose more than the 2% is also very important

Hope someone is watching EURUSD.

jamace:
Bro, it has not been easy. The spirit of patience and perseverance has kept us this far.

Hope you are still in the game?

Bro, I just checked your profile. What I saw on your total time spent online since 2008 that you registered is shocking! 1year - Highest I have ever seen.

SayDeeJay:


Bro, I just checked your profile. What I saw on your total time spent online since 2012 that you registered is shocking! 1year - Highest I have ever seen.

Correction. I registered in December 2008.

enolife2:

Yes. But knowing how to add or subtract your stop pips to the pair price so as not to lose more than the 2% is also very important

[quote][/quote]

Thank you. I think I can figure it out

meshpips:


I am really grateful to @schevy for making us see the light.

Many others have recommended proper money management but didn't show us how that will be beneficial to us in the long run.

Thanks @schevy, you might not know what your indefatigable and relentless posts about darwinex has done to traders in the Nigerian community. What many of us dreamt about when we began this journey into the FOREX world but didn't know how to connect the dots is what you have carefully guided us into.

Thanks a million times.

Anytime!

A client I met while hustling PAMM accounts recommended Darwinex to me and I am forever grateful to him. Glad I have also helped others. Even if it is one person that became successful through those discussions here, I am happy.

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.

Closed yesterday.
More than 400 pips booked.

GBPNZD.. Also in profit. Still holding that because I think there could be more downward move. Although not as certain as before on NZD strengthening. I was convinced NZD will strengthen. The picture not quite clear to me again.

Been a while. Still actively trading. Though demo. But everything is still going as planned. Will go live August/September.
Going to take time out this weekend to read the messages I have missed.

My 3rd weeks on the mt5 forum.

dmz1:

Thank you. I think I can figure it out

you are welcome

USDCAD..
Anyone. What do you think? Long term...

I am still expecting a massive sell off.

What the typical VaR for a trader here.


Just asking .

Thanks.

Shevychen2:


Anytime!

A client I met while hustling PAMM accounts recommended Darwinex to me and I am forever grateful to him. Glad I have also helped others. Even if it is one person that became successful through those discussions here, I am happy.

One day I will learn what Darwinex is about.

PJAMES1:
USDCAD..
Anyone. What do you think? Long term...

I am still expecting a massive sell off.

IDK man USDCAD just rejected off a minor resistance level at 1.3180. I see it heading to 1.3280 by next week

alphaNomega:


One day I will learn what Darwinex is about.



IDK man USDCAD just rejected off a minor resistance level at 1.3180. I see it heading to 1.3280 by next week

Toh. I will be safe. Already been hit by this USDCAD.
I will probably leave it alone soon. Let us see what happens. Presently short but I will be careful.

And yes, I looked at it. 1.3280 is likely. I must admit. Won't b surprised if it goes to 1.3280. But I consider that a retest or something. If it holds as resistance, maybe it will finally go down.
Maybe it's safer to wait to see what happens there.

alphaNomega:


IDK man USDCAD just rejected off a minor resistance level at 1.3180. I see it heading to 1.3280 by next week

What is the value of your moving average? The white one.
The moving averages give me another reason to think it may go up a bit to that area. Price is presently far from the moving averages.

Hey guys,

Is there anyone here trading with CapitalXP?

PJAMES1:


What is the value of your moving average? The white one.
The moving averages give me another reason to think it may go up a bit to that area. Price is presently far from the moving averages.

White one is 200EMA.

PJAMES1:


Toh. I will be safe. Already been hit by this USDCAD.
I will probably leave it alone soon. Let us see what happens. Presently short but I will be careful.

And yes, I looked at it. 1.3280 is likely. I must admit. Won't b surprised if it goes to 1.3280. But I consider that a retest or something. If it holds as resistance, maybe it will finally go down.
Maybe it's safer to wait to see what happens there.

I took heavy beating from USDCAD after FOMC this week, my long entry was at the most recent swing high (so yes it was horrible)

The few times USDCAD went below the white line in January and early June, it trapped lot of bears. Another break is upon us, I think a daily close above 1.3280 will complete the third bear trap this year.

PJAMES1:
USDCAD..
Anyone. What do you think? Long term...

I am still expecting a massive sell off.

I also have a sell position on that pair

chloride6:
What the typical VaR for a trader here.


Just asking .

Thanks.

I think it depends on the "control" environment. I'm currently undergoing assessment with a prop firm. Maximum draw down daily should not exceed 5%.

I have maintained far less than 2% draw down and have made over 10% profit taking 17 trades.

meshpips:


For over extended pairs like this one, I "FADE" the trade.

Sell limit at 1.27422

You need balls of steel to do such.

Please don't try this at home IF . . .

NOTE: i expect the trade to yield at least EIGHTY (80) pips

GBPUSD finally found its way to the above mentioned price level. The day closed with price almost at the day's high. Options expiration is also this weekend.

What should we expect to happen over the weekend? Gap UP or gap DOWN?

Let's hear your view guys.

voraz:
my thoughts on AUDCAD:
it could fall some more to the .9125 region, retest the .9175 but i think it's less likely to begin the bullish move now
i most definitely could be wrong, your views will be appreciated as well

This fell slightly lower than .9125 (20 pips lower) but picked up immediately from there.
Didn't trade it though, will look for bullish moves next week