Ebubu:
I want to create a group of forex trading signal. Free of entry. I will give you at least 5 signals daily on pocket option. And we can all win together. But you have to start b with something tangible at least 20 dollars. Not to me, but it is ur trading capital. We can all win together and u can make 5 dollars daily.
BeginnerTrader:
When the engine is fully set boss . London and New York traders are active, where volatility is at peak, during this period zones are respected especially on 1m and break of structures with candles close are seen as valid Bos. Don't know much about other time frames but 1m is powerful with good risk management. For Nas100 .. 8:30 to 11am, 2:30 to 5pm and 6:30 to 8 pm. No setups within this time windows no trade.
YKTV man, London open is magical, price will mostly reverse or continue, either of the two unless it's a ranging day, and even at that it'll probably move a certain pips at the open.
BeginnerTrader:
If you want to get the best out of that instrument, study and trade it on 1m time frame. It can offer you 50 pips within 10 to 30 minutes and you are out especially 8:30 am to 11am and 2:30 to 5pm..
Lol, I no need check, cos all of them there na initial gragra. Dem go fall off, dey look. As long as you don take your stance not to over do what you have already, you're safe. Just give ur grandma ur phone keep for you
realone12:
83% in fundedNext competition, all thanks to us30, Gold, silver and Nas100 😂😂..
The last time I hit 65% I greedily continue trading and ended up losing the as a result of some unclear rules I didn't understand back then..
Now I know better..
Uninstalling MT5 is the way to go.
As a matter of fact, those guys at the top position are beasts.. I'm tired of chasing them😂 e sure for me sey I go win . I don't mind if I end up not winning the money prices.
Do you have a fixed R:R you aim for?? Cause in one of your posts sir, you said you don't set TP.
How do you now manage the trades sir?? You watch the market as it goes and close at major Retracement/Resistance to your specified directions or what??
I apologise if the questions are much sir, I just want to craft my trading similarly to yours.
I see that your Trading style suits me and I want to replicate it.
1- No fixed RR, depends on where the market wants to go, I mostly just adjust my sl till there's a major reversal.
2- I manage the trades by watching the market, I add to my trades at a LH or a HL in a trending market or hold to a major or resistance on M15.
"His purpose in agreeing to these interviews is to help those who have the ability and desire to become the best traders they can possibly be. There is no claim to fame, so to speak, but only the honest effort to bring to other traders the insight of a very difficult business of trading for a living.
Art Simpson (ALS): Phantom, why do we start this book without knowing who you are for others to ire and thank?
Phantom of the Pits (POP): I being on a train after one of my first trading days and thinking about how I had doubled my in that one day. I looked around and was so proud of what I had done, but not one person in the train knew or what even care if they know.
At that point my direction was self-driven in seeking out what was possible in trading. I know more now than I knew then. The market have humbled me as a trader more times than I wish to . It's always easier for an observer to put their finger on a problem than for the one who is wrapped upin the situation.
That is who I am!
It has taken years to understand that being wrong is what trading is all about."
NO, one of the most profitable traders I know use indicators, let me get philosophical a bit, trading is amoral, nothing is right or wrong as long as it works for you.
Cashhy11:
I hail you o, Gold is one crazy instrument you don't break even anyhow, the Idiot can zoom back to your entry, take you out and reverse to continue the journey all in just a single 5minute candle, even without any news at all.
Well, on the flip side, I've completed my phase 2, so I'm taking the rest of the week off. Trading continues next week by God's grace.
It's not been easy but Alhamdulilahi. I'm going offline for a while. Continue digging gold brother. All the best.
Cashhy11:
This trade is so inconsistent at the moment. Closing with little profit. Came closed to TP and reversed back to entry and has been dancing around my entry ever since. Trade is looking 50:50 to me atm, so I've cut the trade short and moved on.
I'm focusing on I my Gold for now. And I'm still using a Cent .
Abeg, any tips you can drop sir
Gold is a lovely asset to trade if you understand her ways though.
Help me understand her ways just as you do sir.
Thanks so very much.
Yeah, depends on the circumstance, if I'm in school, I might set a TP, but I don't like using TP generally, I prefer to monitor my trades, market is very dynamic, it can turn at anytime and can also move in your direction aggressively, I tried using predefined SL and TP before but it didn't work for me so I had to jump ship.
I'm reading all your posts sir and I've made a couple of screenshots as well.
Your Trading style really resonates with what I what I like.
Could you throw more light on this Cutting losses sir
Also, what leverage do you use please??
I pretty much cut out a trade immediately it goes against me ruthlessly, no ifs or buts, I've done it so much over time that it has turned second nature to me, I always have a certain amount I'm willing to lose on each trade I take depending on my equity.
Go read 'Phantom of the Pits' summary by Tom Hougaard, it's free on his website, it'll help you tremendously in learning how to cut a loss quickly.