A full day being banned
Selling gold 1572 sl 1580 tp 1552

saxy4c:
A full day being banned
Selling gold 1572 sl 1580 tp 1552

Perfect count there. Corrective wave C there which must not fall below wave 4..

But wave B is still developing, 1588 is still far away it could extend to 1580

I don't know how to set my lot size for gold and oil

Operation turn $1 to $16 in 3 days loading.

You have good stuff sir, don't relent on posting.

Capitals:

Thanks, Keep posting is the hard part. Well done

Your counts are getting streamlined. Don't relent sir.
Keep doing what you do.

walexy100:


Perfect count there. Corrective wave C there which must not fall below wave 4..

But wave B is still developing, 1588 is still far away it could extend to 1580

I don't know how to set my lot size for gold and oil

Good evening everyone.. Am about to open a live account for the first time.

I'll like to know a good broker that I can deposit less than 100$ for a start

US Airbase in Iraq under attack. Oil n gold Market going gaga. Trade with caution.

Algos dumping xxxjpy.

Buying the safe haven currencies is the best bet for now..
Till the tensions are over.

Find technicals that align with that.

Fxwarrior:
Gold buystop at 1570
Stop loss 1560
Target 1650

Gold showed me love.

Another entry at 1600
Target 1650

Fxwarrior:


Gold showed me love.

Another entry at 1600
Target 1650

Slapped in final entry at 1605.

Price just broke the flag, long all the way on BTC

docus:
Price just broke the flag, long all the way on BTC

We are definitely hitting 20000 USD per BTC

infofirst:
US Airbase in Iraq under attack. Oil n gold Market going gaga. Trade with caution.

All is well.
War no easy.

jammer777:
Sell NZDCAD
Buy EURNZD

Minimum of 50pips as TP

EURNZD hit and closed with 50pips TP
NZDCAD did about 35pips and went back to my entry, still holding the sell.

Sell AU @ 6870 To 6807

Capitals:

Day Trade already hit target, but I have being tempted to risk/reinvest some profits and remain game through the blue region.

Swing trade just hanging there after 1st tp, I will let ride till SL if necessary

Here is how the day started, SLs hit in summary 1 win and 3 losses but still net profit on gold and still interested in selling till a breach of 1605.95

Dwayne22:
Good evening everyone.. Am about to open a live account for the first time.

I'll like to know a good broker that I can deposit less than 100$ for a start

Someone should please answer this

EURAUD looks good for a sell.

Pros in the house, please check.

[quote author=infofirst post=85600104]US Airbase in Iraq under attack. Oil n gold Market going gaga. Trade with caution. [/quote

Do yiu think that is the reason oil and gold are gong gaga? I don't think so.

Dwayne22:

Someone should please answer this

Use TigerWit. They are the only A - book broker I know in Nigeria. All the others are B - book brokers.

global.tigerwit.com

B - book brokers take the opposite side of your trade since your orders are not passed to the interbank market. This brings a conflict of interest because your loss becomes their gain.

It is noteworthy to state that B - booking is very legal. Brokers take the risk of doing this because they are aware of the statistics - 90 percent of traders will lose 90 percent of their capital within 90 days of trading.

meshpips:


Use TigerWit. They are the only A - book broker I know in Nigeria. All the others are B - book brokers.

global.tigerwit.com

B - book brokers take the opposite side of your trade since your orders are not passed to the interbank market. This brings a conflict of interest because your loss becomes their gain.

It is noteworthy to state that B - booking is very legal. Brokers take the risk of doing this because they are aware of the statistics - 90 percent of traders will lose 90 percent of their capital within 90 days of trading.

Don't have any issues with Tigerwit but this talk of A-Book and B-book brokers always get on my nerves just like the ECN talk. There is still no legislation that PROPERLY differentiates both. Almost all retail forex orders are internalised by brokers. No broker is sending your 0.01 lot size to any Interbank market. Some of the most respected brokers run two books where they keep all small orders in-house and send whatever they deem risky to the Interbank market.

And an important point to note for new traders, there is no central exchange in forex. What constitutes as Interbank market for Broker A might be different for Broker B. Brokers that "send orders to the market" instead of just taking the opposite side are only shifting the risk to a liquidity pool often made up of three to five players far larger than them. So in essence, even when the broker is not making the market, they are just shifting you on to a bigger shark that is making the market.

As rightly stated, there is nothing wrong with B-book or so called market maker brokers. And until there is a readily available and undisputed means of determining who is responsible for the liquidity on ALL trades you take with your broker, A-Book, B-Book, ECN, DMA, STP and all that bullshit is just marketing speak. If you want a proper central exchange, leave retail forex trading and go to the US/UK stock market.

It is no surprise that brokers in tough jurisdictions like the UK have since been forced to drop all these rubbish acronyms. Let's top allowing meaningless marketing speak influence decisions. Unfortunately, these broker myths have been around for years and is still constantly spread. Once people hear "ECN" they think it is the best broker ever and market makers are evil.

Some of the best brokers in the industry today are market makers.
Some people also still believe that brokers that "send orders to the market" are matching up your sell order with another person's buy orders. LOL. What happens when 80% of the retail population in their liquidity pool are long USD across various instruments?

The best broker is the one that meets your specific needs: minimum capital, deposit/withdrawal methods, spreads and leverage, quick payment of profits without grammar etc. Most popular brokers meet these requirements.

Again, no spectacular issues with Tigerwit but I am always wary of brokers that have a separate license for UK or AU clients and another for their "global" clients like they have (Bahamas license for others, FCA for UK traders). In my experience, they are using the foreign license to navigate a red-tape set by the FCA. In many cases, it won't mean anything but still..


Like I have said before, when someone is FULLY ready to trade forex, brokers won't be a problem. Until then..

SayDeeJay:
EURAUD looks good for a sell.

Pros in the house, please check.

P.s i am a newbie tho, we have the same bias i already took the trade,entry was based on multiple divergence, took the trade to back up my sell of EUR/GBP.

Shevychen2:

Don't have any issues with Tigerwit but this talk of A-Book and B-book brokers always get on my nerves just like the ECN talk. There is still no legislation that PROPERLY differentiates both. Almost all retail forex orders are internalised by brokers. No broker is sending your 0.01 lot size to any Interbank market. Some of the most respected brokers run two books where they keep all small orders in-house and send whatever they deem risky to the Interbank market.

And an important point to note for new traders, there is no central exchange in forex. What constitutes as Interbank market for Broker A might be different for Broker B. Brokers that "send orders to the market" instead of just taking the opposite side are only shifting the risk to a liquidity pool often made up of three to five players far larger than them. So in essence, even when the broker is not making the market, they are just shifting you on to a bigger shark that is making the market.

As rightly stated, there is nothing wrong with B-book or so called market maker brokers. And until there is a readily available and undisputed means of determining who is responsible for the liquidity on ALL trades you take with your broker, A-Book, B-Book, ECN, DMA, STP and all that bullshit is just marketing speak. If you want a proper central exchange, leave retail forex trading and go to the US/UK stock market.

It is no surprise that brokers in tough jurisdictions like the UK have since been forced to drop all these rubbish acronyms. Let's top allowing meaningless marketing speak influence decisions. Unfortunately, these broker myths have been around for years and is still constantly spread. Once people hear "ECN" they think it is the best broker ever and market makers are evil.

Some of the best brokers in the industry today are market makers.
Some people also still believe that brokers that "send orders to the market" are matching up your sell order with another person's buy orders. LOL. What happens when 80% of the retail population in their liquidity pool are long USD across various instruments?

The best broker is the one that meets your specific needs: minimum capital, deposit/withdrawal methods, spreads and leverage, quick payment of profits without grammar etc. Most popular brokers meet these requirements.

Again, no spectacular issues with Tigerwit but I am always wary of brokers that have a separate license for UK or AU clients and another for their "global" clients like they have (Bahamas license for others, FCA for UK traders). In my experience, they are using the foreign license to navigate a red-tape set by the FCA. In many cases, it won't mean anything but still..


Like I have said before, when someone is FULLY ready to trade forex, brokers won't be a problem. Until then..

Very detailed response that I couldn't bring myself to type... All the noise of A book, B book, STP and all acronyms are just gimmicks to hoodwink uninformed traders..

saxy4c:
Nothing is certain in forex but without looking at charts I can be 100% sure that either your GBPAUD buy or GBPNZD sell would fail. How do I know? CORRELATION my friend.
Simply put if you trade GBPAUD and GBPNZD at the same time and direction you're just trading exactly AUDNZD.
Same thing as when you trade EURAUD and EURNZD at same time and direction, you're still trading AUDNZD
Also, trading:
GBPJPY AND GBPUSD in same direction at same time, you're trading USDJPY.
EURJPY AND EURUSD in same direction at same time, you're trading USDJPY

That's the same way I look to EURGBP to understand why GBPUSD can be selling while EURUSD is buying when ideally they are meant to be highly positively correlated pairs.
Have I confused you? I keep saying I'm not the best at teaching, Don't want to crowd here with charts but look at GBPNZD, GBPAUD and AUDNZD on 10.10.19 and 13.12.19 on the daily chart. See something?

thanks for this,i am using it now to inform my analysis,thanks a lot

jammer777:


EURNZD hit and closed with 50pips TP
NZDCAD did about 35pips and went back to my entry, still holding the sell.

NZDCAD hit SL

Closed one of my ANZD trade at 110pips red. My gbpusd dancing in minus 50pips after getting up to minus 111pips. Trying to learn frm it and understand what I could have done better.

The Eaud ecad etc did the up move not as much as I expected but decent enough.

Win some lose some.

infofirst:
Closed one of my ANZD trade at 110pips red. My gbpusd dancing in minus 50pips after getting up to minus 111pips. Trying to learn frm it and understand what I could have done better.

The Eaud ecad etc did the up move not as much as I expected but decent enough.

Win some lose some.

You'll surely bounce back boss.

Another opportunity to join the EURAUD sell

Your cash is too small for anyone to expend energy typing a response . I'm only kidding bro. Hotforex would be good for you.

Dwayne22:

Someone should please answer this

saxy4c:
Your cash is too small for anyone to expend energy typing a response . I'm only kidding bro. Hotforex would be good for you.

No signal for today sir?

I only take trades when I see a good opportunity bro and when I'm sure my D-book broker is not spying on my trades to take my small change.
I'm taking an AUDCAD BUY@ 0.8935
Sl 0.8900
TP 0.8980

mrsteel:

No signal for today sir?