signalsmedia:


redraw that TL, you will see that price has broken it on weekly and also rejected the TL. This dude is dropping more

Neroiam:
A Bearish pennant is formed during a steep, almost vertical, downtrend.
After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit.

As soon as enough sellers jump in, the price breaks below the bottom of the pennant and continues to move down.

Second photo: USDJPY, H1 tf

Tonyfx:
The GBPAUD ended the week rejecting the weekly trendline(s). What got my attention was the fact that on the weekly chart, price formed a fakey setup while on the daily timeframe a tail bar was also formed.
I will buy at the open of the market with SL below the tail bar and TP open.

Pic 1: weekly
Pic 2: daily

wiconse:


NICE OBSERVATION, ALREADY IN PROFIT

saxy4c:
As oga shared today, I agree we need to look at this and take in the positives. https://www.forexfactory.com/showthread.php?t=995647



I am not saying do not pay a REASONABLE price for good quality stuff that has been proven in real and advanced time to make your money back in multiples, but its your right to ask for all the proof you want. They are not doing you a favour, they need your money, that's why they're asking for it!!!
If you can still get scammed with the name of Forex in this age and time, hmmmm....

GladmanGoddey:


Nice analysis
Would you enter at a break or you will wait for a break and retest

Bornfool:


Reanalyse usdzar you will see the reason why will lost the trade or you don't take trade. From monthly to daily

Tonyfx:


Lol. Bros abeg draw your own lines make I see wetin you dey talk

GladmanGoddey:


I didn't get take the usdzar trade, but i would have gotten out at B.E if i did

Is monthly time frame really necessary

Bornfool:


Yeah bro, you will see the bigger picture

GladmanGoddey:


ok o

Me i don leave give warren buffet and co

i dont remember the last time i saw one

GladmanGoddey:
Guess 9ja has some great traders

Bornfool:


But I think south Africa are the best trader in africa

maiquel:
Hello Traders,
I was fortunate to join this thread not long ago and have been following since then, I'm new to forex but I wish to start a live account now, however I have a few questions that bothers me and I need clarifications. The following are questions I have been wanting to ask real traders, please help me as simply as you can...

1. Can I use mobile App like the MT4 or MT5 to register and start making money on forex, or I'd need a system to somehow complete the process.

2. What is the significance of choosing one timeframe over others, like why can't we stick to one timeframe and make trades on it... for instance, I feel its faster making money using the 1m or 5m timeframe than having to wait ages upon ages for weekly timeframes and daily timeframes.

3. What strategy do you consider the best and why? And what tools or indicators do you use for effective trading

4. I see some signals with multiple TPs, how does one enter the trade with multiple TPs.

5. How do you book pips

6. Since I am starting a small account, what broker would you suggest I use... and what is their minimum amount for deposit?

Since I'm starting a really small account and hope to grow it overtime, is there a way I can get free signals and mentorship, I don't mind paying later when I find my foot.


08128212707 is my whatsapp number if you can help... thanks.

Bornfool:


But I think south Africa are the best trader in africa

Bornfool:


But I think south Africa are the best trader in africa

maiquel:
Hello Traders,
I was fortunate to join this thread not long ago and have been following since then, I'm new to forex but I wish to start a live account now, however I have a few questions that bothers me and I need clarifications. The following are questions I have been wanting to ask real traders, please help me as simply as you can...

Since I'm starting a really small account and hope to grow it overtime, is there a way I can get free signals and mentorship, I don't mind paying later when I find my foot.


08128212707 is my whatsapp number if you can help... thanks.

Tonyfx:
See list of current contest going on on liteforex. Not a single South African make first page

GladmanGoddey:


The kind of returns those ppl make ehn it makes me doubt that 95% traders lose their money

GladmanGoddey:


My broda use your money to buy Suya and enjoy

GladmanGoddey:


My broda use your money to buy Suya and enjoy

Then go to babypips

Go to youtube and follow Karen Foo watch her videos

Then find a strategy and practice on demo account

When you bcum profitable then move to Live as for broker you can use hotforex or exness

Bornfool:


You can even advice him to watch trader like FX LIFESTYLE

Tonyfx:


I don't believe that, its because naija nor dey show off like dem that's why it looks like they're d best. Just look at the results of any forex competition and see how many naija vs S/Africans dey.

Tonyfx:


You mean that white guy that has been 23yrs old since 2015

Bornfool:


Naso bro na dat guy dey make me think Forex na get rich quick business when I first started Forex. Until I blow my first account my head reboot.

Bornfool:


If no bi this thread I go think say Forex na scam in Nigeria.The only trader I know in Nigeria before I came to this thread is Bnaira but he doesn't trade Forex he trades bitcoin.

saxy4c:
As oga shared today, I agree we need to look at this and take in the positives. https://www.forexfactory.com/showthread.php?t=995647

Now these are the things I see and know as a fact, from personal experience. My first profit withdrawal from Fx was just a year after bubu became commander in chief, it was about 700K and I started with about $60 a few short months before then. That's why since I saw the potential in this thing, I've not been able to keep quiet.

That is why it angers my heart that one disoriented and misguided individual [if today wasn't a holy day to honor our fathers that trained us well, I'd have called him a compound nincompoop], would come here boldly and tell you to bring N50k a whole 150usd! for him to guide you to see signals. In furtherance to cover up his foolery towards his ancestors, he now wants to make us think that if you dont have N400k to trade forex, then the business is not for you because you are considered poor. Please ask the unscrupulous kingpipmarshall [a new alias to distract unsuspecting people from the antics of his deactivated BOJBEST moniker] if his begging for funds on facebook has given him anything near 1000usd to trade with. If not only to come on NL to give one kindergarten reason or the other why he isn't trading well and making newbie errors upandan.

I don't know if I've learnt to value money more or less because while someone is talking of the just $100 they have me I'm thinking, "this could turn to Zero or N1m oh", or I see someone feeling on top with N10m and in my mind I'm saying the only difference with this and $500 [N200k] is pure patience, being disciplined and following a methodical procedure.

I am not saying do not pay a REASONABLE price for good quality stuff that has been proven in real and advanced time to make your money back in multiples, but its your right to ask for all the proof you want. They are not doing you a favour, they need your money, that's why they're asking for it!!!
If you can still get scammed with the name of Forex in this age and time, hmmmm....

Bornfool:


You can even advice him to watch trader like FX LIFESTYLE