hidhrhis:
Any contrary opinion on this pair
im on sell and a friend have being calling me to close it nd buy but im not seeing any buy here

hidhrhis:
Any contrary opinion on this pair
im on sell and a friend have being calling me to close it nd buy but im not seeing any buy here

ILuvBreasts:
In FX , I observed that it's better to follow your own instinct even if a professional tells you otherwise. but you can still seek for opinion sha... doesn't hurt.
you grow more that way, that's why signals are overrated.
well in my opinion,...I think the sell would continue to that lower key level where the main move upward started then price might reverse there also....one thing I noticed about EurJpy is that it respect key level and it's moves are straight forward...no whining..Lolz. ..it's my best pair

Donvic4u:


That's a typical bullish flag...based on your chart your friend might be right..

Buh then fx anything can happen

IMAliyu:
Thought I'd share this.
An inforex demo account from 2017
I left two trades open, with no SL or TP.
Take a look at the swap charges.

Donvic4u:


That's a typical bullish flag...based on your chart your friend might be right..

Buh then fx anything can happen

friend2Macron:

Wowww! Thank you so much. So much wisdom in a single post. I'm gonna frame this and always remind myself of it. By the way, I'm using oanda, I think that's the same broker you're using.

The bolded: You are right, we all know one of the famous seminar pitches that got us starting forex right? which is leverage; they kind of lured us to believe that forex used to be for the big banks, hedge fund traders, etc, and that things have changed these days with the help of leverage. Then they pitch on by saying you can get a leverage of 1:1000, 1:3000, or even 1:5000 so you can trade your $100 as if you were trading with a capital of $500,000 (for a 1:5000 leverage = $100*5000), thus bringing you on the same playing platform with the big banks and so on and so forth.

What they delusionally lure people into forex with is telling them to focus on risk-reward ratio; my brother, Risk/Money management does not start from there. When you trade with a capital of $100, $1000, or even any capital with big leverage, you expose all your capital to the market, which is bad for the following:
1. In FX, Anything can happen. Have you read a line in your agreement/disclosure form that says stop-loss is not guaranteed? Yes, not guaranteed; a big gap can clear you out of the market with that kind of leverage even though you placed a SL.
2. It also tricks you by allowing you to use big lot sizes since you have a big available margin level (in %) reading about 4000%...this makes you forget home discipline

Finally - Always give room for your trade to breathe; but, by using big lot size because you have big leverage, as such a big margin level (in %) does not give your trades room to breathe. This will cause you to panic just by seeing 30pips against your entry and then a margin call, then a stop out.

I wrote some few more stuff on risk-money management in my previous posts, you can take time to find them.

@Kkins25, pls help share those forex pdfs with Copyjoe - if possible, I already sent him the little I have.

kkins25:
Do you know that, ive watched 100s of videos and have read about 15 books on forex trading(aside the online articles) and no one of them mentioned the bolded up there.... i am- as a matter of fact just finding out. All people say is make sure youre risk reward ratio is 1:2 or 1:7 self. No one ever mentions the margin requirements for each trade. WOW!!! RESPECT SIR!!
if possible, could i get the login details of ogashman, theyoungmaster and maliyu? i would like to observe their trading method

hidhrhis:
Any contrary opinion on this pair
im on sell and a friend have being calling me to close it nd buy but im not seeing any buy here

Sunnycliff:


I actually hte swaps. I don't like it for whatever reason. It's so annoying

JAkpayen:

I still think the pair will reach 122.50 before reacting to any sentiment

Pipsbasketings:
The bolded: You are right, we all know one of the famous seminar pitches that got us starting forex right? which is leverage; they kind of lured us to believe that forex used to be for the big banks, hedge fund traders, etc, and that things have changed these days with the help of leverage. Then they pitch on by saying you can get a leverage of 1:1000, 1:3000, or even 1:5000 so you can trade your $100 as if you were trading with a capital of $500,000 (for a 1:5000 leverage = $100*5000), thus bringing you on the same playing platform with the big banks and so on and so forth.

What they delusionally lure people into forex with is telling them to focus on risk-reward ratio; my brother, Risk/Money management does not start from there. When you trade with a capital of $100, $1000, or even any capital with big leverage, you expose all your capital to the market, which is bad for the following:
1. In FX, Anything can happen. Have you read a line in your agreement/disclosure form that says stop-loss is not guaranteed? Yes, not guaranteed; a big gap can clear you out of the market with that kind of leverage even though you placed a SL.
2. It also tricks you by allowing you to use big lot sizes since you have a big available margin level (in %) reading about 4000%...this makes you forget home discipline

Finally - Always give room for your trade to breathe; but, by using big lot size because you have big leverage, as such a big margin level (in %) does not give your trades room to breathe. This will cause you to panic just by seeing 30pips against your entry and then a margin call, then a stop out.

I wrote some few more stuff on risk-money management in my previous posts, you can take time to find them.

@Kkins25, pls help share those forex pdfs with Copyjoe - if possible, I already sent him the little I have.

kkins25:
ok sure, a[b]ny one who wants the ebooks should just inbox[/b].. i think al brooks' books are the best books i have and the 3(which i have read only quarter way, because the man can talk too much) give elaborate detail on price action..ive read like only 3 chapters like 5 times now. i still feel ive missed something. Al brooks is awesome.
thanks for the tip sir..

kkins25:
ok sure, a[b]ny one who wants the ebooks should just inbox[/b].. i think al brooks' books are the best books i have and the 3(which i have read only quarter way, because the man can talk too much) give elaborate detail on price action..ive read like only 3 chapters like 5 times now. i still feel ive missed something. Al brooks is awesome.
thanks for the tip sir..

Avast:


I just pm you sir

CopyJoe:


Done!!!


Thanks @ Pipsbasketings

kkins25:

It just occured to me that i could create a drive account and upload my books there... please hold on whiles i do that, would paste the link so it would be accessible to everybody later in the night.

ILuvBreasts:
In FX , I observed that it's better to follow your own instinct even if a professional tells you otherwise. but you can still seek for opinion sha... doesn't hurt.
you grow more that way, that's why signals are overrated.
well in my opinion,...I think the sell would continue to that lower key level where the main move upward started then price might reverse there also....one thing I noticed about EurJpy is that it respect key level and it's moves are straight forward...no whining..Lolz. ..it's my best pair

Pipsbasketings:
The bolded: You are right, we all know one of the famous seminar pitches that got us starting forex right? which is leverage; they kind of lured us to believe that forex used to be for the big banks, hedge fund traders, etc, and that things have changed these days with the help of leverage. Then they pitch on by saying you can get a leverage of 1:1000, 1:3000, or even 1:5000 so you can trade your $100 as if you were trading with a capital of $500,000 (for a 1:5000 leverage = $100*5000), thus bringing you on the same playing platform with the big banks and so on and so forth.

What they delusionally lure people into forex with is telling them to focus on risk-reward ratio; my brother, Risk/Money management does not start from there. When you trade with a capital of $100, $1000, or even any capital with big leverage, you expose all your capital to the market, which is bad for the following:
1. In FX, Anything can happen. Have you read a line in your agreement/disclosure form that says stop-loss is not guaranteed? Yes, not guaranteed; a big gap can clear you out of the market with that kind of leverage even though you placed a SL.
2. It also tricks you by allowing you to use big lot sizes since you have a big available margin level (in %) reading about 4000%...this makes you forget home discipline

Finally - Always give room for your trade to breathe; but, by using big lot size because you have big leverage, as such a big margin level (in %) does not give your trades room to breathe. This will cause you to panic just by seeing 30pips against your entry and then a margin call, then a stop out.

I wrote some few more stuff on risk-money management in my previous posts, you can take time to find them.

@Kkins25, pls help share those forex pdfs with Copyjoe - if possible, I already sent him the little I have.

giddy2019:

who will teach me this stuff nau

giddy2019:

who will teach me this stuff nau

TAGM:

Me too, pipsbasketings
I want to be a pro.
oga peteregwu

Here is my detailed analysis of your EJ, Enjoy it

As for me, I would not have entered any position as I wouldn't like to be trapped in a ranging market: you did and in some pips already, so this analysis could help.

1. Look at that newly formed bearish candle, price is about to swing back to the support to test it again (the 3rd time). I would expect the support to be tested again especially on market open (today/tomorrow), if it does and successfully breaks that support; bro, continue your sell for another 4-5days and you could earn additional 200.0pips

Aliter

2. Watchout, If that support is tested the 3rd time and not broken, but rather swings back up to 124.220; I would believe you have been trapped in a ranging market - just get out at that point, I believe you will still come out with few pips.

Above all, I don't see a buy for the next 4-5days, what I see is a sell or range based on 1 and 2. Continue selling if 1 is fulfilled, get out if 2 is fulfilled.
Buy= 0% Sell=65% Range=35%

Despite this analysis, do not neglect proper risk/money management.

hidhrhis:
Any contrary opinion on this pair
im on sell and a friend have being calling me to close it nd buy but im not seeing any buy here

Pipsbasketings:
Yes, that's what I use. Sequel to my previous post, oanda is not a market maker, they in fact want to see you succeed in the business.

Here is a catch: you don't base in Naija, right? cos I know for sure the broker does not accept Nigerian residents.

Pipsbasketings:
Here is my detailed analysis of your EJ, Enjoy it - See my chart first for an explanation

As for me, I would not have entered any position as I wouldn't like to be trapped in a ranging market: you did and in some pips already, so this analysis could help.

1. Look at that newly formed bearish candle, price is about to swing back to the support to test it again (the 3rd time). I would expect the support to be tested again especially on market open (today/tomorrow), if it does and successfully breaks that support; bro, continue your sell for another 4-5days and you could earn additional 200.0pips

Aliter

2. Watchout, If that support is tested the 3rd time and not broken, but rather swings back up to 124.220; I would believe you have been trapped in a ranging market - just get out at that point, I believe you will still come out with few pips.

Above all, I don't see a buy for the next 4-5days, what I see is a sell or range based on 1 and 2. Continue selling if 1 is fulfilled, get out if 2 is fulfilled.
Buy= 0% Sell=65% Range=35%

Despite this analysis, do not neglect proper risk/money management.

Pipsbasketings:
Here is my detailed analysis of your EJ, Enjoy it - See my chart first for an explanation

As for me, I would not have entered any position as I wouldn't like to be trapped in a ranging market: you did and in some pips already, so this analysis could help.

1. Look at that newly formed bearish candle, price is about to swing back to the support to test it again (the 3rd time). I would expect the support to be tested again especially on market open (today/tomorrow), if it does and successfully breaks that support; bro, continue your sell for another 4-5days and you could earn additional 200.0pips

Aliter

2. Watchout, If that support is tested the 3rd time and not broken, but rather swings back up to 124.220; I would believe you have been trapped in a ranging market - just get out at that point, I believe you will still come out with few pips.

Above all, I don't see a buy for the next 4-5days, what I see is a sell or range based on 1 and 2. Continue selling if 1 is fulfilled, get out if 2 is fulfilled.
Buy= 0% Sell=65% Range=35%

Despite this analysis, do not neglect proper risk/money management.

Pipsbasketings:
Here is my detailed analysis of your EJ, Enjoy it - See my chart first for an explanation

As for me, I would not have entered any position as I wouldn't like to be trapped in a ranging market: you did and in some pips already, so this analysis could help.

1. Look at that newly formed bearish candle, price is about to swing back to the support to test it again (the 3rd time). I would expect the support to be tested again especially on market open (today/tomorrow), if it does and successfully breaks that support; bro, continue your sell for another 4-5days and you could earn additional 200.0pips

Aliter

2. Watchout, If that support is tested the 3rd time and not broken, but rather swings back up to 124.220; I would believe you have been trapped in a ranging market - just get out at that point, I believe you will still come out with few pips.

Above all, I don't see a buy for the next 4-5days, what I see is a sell or range based on 1 and 2. Continue selling if 1 is fulfilled, get out if 2 is fulfilled.
Buy= 0% Sell=65% Range=35%

Despite this analysis, do not neglect proper risk/money management.

hidhrhis:
Any contrary opinion on this pair
im on sell and a friend have being calling me to close it nd buy but im not seeing any buy here

WallStreetfx:
CADJPy buy or sell