NewStats: 3,261,803 , 8,175,201 topics. Date: Friday, 30 May 2025 at 03:33 PM 4f3l6b

Elliotwaveforec:

Raph, how US30 go do this week?

Good morning Sir, to be honest I was shocked when you asked me this.
I was asking myself when I become expert to predict how the market will go. 😂😂

Anyway, from the little I know 30, e dey behave anyhow. But l'm seeing an uptrend movement this week.

Due to the way us30 behave, I don't spend much time on a trade whenever I enter a trade, unless from my observation I see the market is still moving my direction.

Most time I take sniper entry and with the rapid movement of US30 I will secure some profit and Japa immediately.

raphemmanuel:
Good morning Sir, to be honest I was shocked when you asked me this.
I was asking myself when I become expert to predict how the market will go. 😂😂

Anyway, from the little I know 30, e dey behave anyhow. But l'm seeing an uptrend movement this week.

Due to the way us30 behave, I don't spend much time on a trade whenever I enter a trade, unless from my observation I see the market is still moving my direction.

Most time I take sniper entry and with the rapid movement of US30 I will secure some profit and Japa immediately.

Thanks for the reply! I've always followed your closed on tFt, you're doing great with us39. That's why I sought your opinion.

Like you said, hit and japa! That's the way to treat the asset. I just japa now and waiting for another entry.

For the week, I see sell sha!

Good morning great FAM. Thanks everyone for your words of encouragement and corrections.

Much luv

ABCD

ABCD


ABCD


E no fit easy ABCD.

OfficialP:
Good morning great FAM. Thanks everyone for your words of encouragement and corrections.

Much luv

you are welcome boss.
I hope that you won from boss infofirst for attaining 10% on TFT competition is still intact?

Saintel8:


Wow! Person wei dey tell me to quit or keep struggling around that June has finally given up...I thought you knew the inside and outside of forex, what happened? Toh

Mehnnn thank God I don't take some niggas advise here on nairaland dem go spoil your game for you....Give up in peace and stop preaching okay.....Whether forex is gambling or not we die here Mr. Man

So, you mean to tell me right now that you didn't take Emmizay12's advice then?

Okay, take this my advice, go and learn BBMA strategy, it will help you see liquidity clearly. Add a touch of Double Bollinger strategy (BrightFuture48 can show you that 😁)

realone12:
you are welcome boss.
I hope that you won from boss infofirst for attaining 10% on TFT competition is still intact?

I collected cash that time. Needed the cash then.

OfficialP:


I collected cash that time. Needed the cash then.

oh ok.. it's well boss.

Donsheddy:


Okay bro....
Would love to learn how you manage such high risk...
Cus 23k is 5.1% of 400k size...
I. No go fit sleep na

Shebi $400k size should have a maximum drawdown of 10%

That's $40k

If 23k is at risk, then, it's over 50% risked.

What do I even know 🥱

frostguy:
Good evenings Trader

i really enjoyed this forum all this while (i have been a ive member observing the trends of things here). Lately i have observed that quit a number of traders are really struggling with trading forex and due to insignificant process they tag it a "gambling industry ". which is a wrong notion.

I therefore felt i should correct that notion. Attach here is a screenshot of one of my profound yet simple strategy i developed and have backtested with profits once the rules is adhere to. And the main reason why i said earlier that it is simple is because each color layers for a BUY/SELL trade represents the market conditions been played out

The Gray Region -----the Ranging Phase

The Dark Green/Red ------the Trending Phase

The Light Green/Red Region----the Breakout Phase (Where you enter trade and take profits)


So this is one of the rules governing this strategy . For more detail : 0=9=1=6=4=4=1=2=7=6=5

Wow, see strategy. I hope no be BBMA inspired yours?

Donsheddy:


Fx wey make me sleep for alter😂😂😂😂

Lol 🤣🤣, you don't mean it?!

CopyJoe:
I have missed this place.

Back for good or temporary? 😁

samfelly:


Back for good or temporary? 😁

By the end of the year, I'll be back fully.

GabsonFX2:
US30 Mid-day Update

US30 Short currently at -231 pips and will leave to run until today's close, it should do whatever it wants to do - Cycle trading style activated. Cycle 1: Trade 1. I love what I see from here, if today closes above 34641.3X, I will close this short and swing long but at today's close...Cycle 1: Trade 2 would be triggered by today's close.

Boss, please, kindly write out in words the negative profit for me, cos I really want to believe that 2k+ (maybe the decimal sign is missing)

Donsheddy:



Why you wicked na 😫😫😫😫
I buy gu... You rush sell am to clear my money 😫
Na why dmahn talk say forex traders na thieves 😂😂

Donsheddy, Help me beg GU to continue like this till it reaches my TP then do a reversal back to yours. Win/Win situation for us both that way🙏
Your SL is wide enough to handle the swings.

Geovanni412:


I agree with you that trading is a function of acknowledging probable outcomes but I respectfully disagree with you on the bolded both in trading and in business in general.

There are great traders who never made money till their tenth year of trading. https://www.brookstradingcourse.com/-forum/how-long-to-become-profitable/how-long-will-it-take-me-to-become-profitable/

Saying that such a trader is no different from a newbie trader learning to click buy and sell is an ignorant thing to say

That's like saying someone trying to become a great businessman who has made no money from his store or business after five years is a person who needs to relearn the basics of the business - https://www.inc.com/drew-hendricks/5-successful-companies-that-didn-8217-t-make-a-dollar-for-5-years.html

Successful businesses even go on dry spells. Sony did not make a profit for five years...should they have closed up shop?
https://www.gamedeveloper.com/business/sony-s-first-profit-in-five-years-no-thanks-to-playstation

The same way there are many factors that cause success or failure of a business is the same way these things will apply to trading

Even away from trading, there are great lawyers or doctors or sports coaches who never came to the spotlight until their 10th or even 20th year of doing the same activity.

Arrigo Sacchi had been coaching for a good 14 yrs before he got his big break with AC Milan.
https://en.m.wikipedia.org/wiki/Arrigo_Sacchi

Jurgen klopp coached for 7 years before he got his big break with Dortmund.

Even in the Bible, Joseph was in prison for a good 13 years before God decided to uplift him

Do your thing and work on improving yourself

Life is a solo race at the end of the day.

Now this is a fine reply, garnished with real-life facts. Thanks, Geologist Vanessa (Geovanni412) 🫡🫡

infofirst:


Let's praise the Lord. [left][/left]

Cashhy11:
Donsheddy, Help me beg GU to continue like this till it reaches my TP then do a reversal back to yours. Win/Win situation for us both that way🙏
Your SL is wide enough to handle the swings.

My hand no dey again oh...
Na you dey. Stall my move

Donsheddy:


This one wey Ibrahim follow me dey bullish on gu heyyyy....
Make i go close my trade asap 😁😂😂😂

Ibrahimlagosian, na me and you dem take dey do 'bad example' now ooo

Donsheddy:


My hand no dey again oh...
Na you dey. Stall my move

This is GU is too stubborn for my liking, I've reduced my TP to 20pips from the initial 30pips, SL still remains 20pips. It should my tip hopefully before the end of the day or better still SL does her job instead.

Cashhy11:
This is GU is too stubborn for my liking, I've reduced my TP to 20pips from the initial 30pips, SL still remains 20pips. It should my tip hopefully before the end of the day or better still SL does her job instead.

Gu moves in mysterious ways...
Only the patient ones and those with the eyes of the Gods can understand gu 😁

Me i just do my analysis...
Enter the trade, set my risk and remove my mind....
If you know wetin gu do me on Friday...
Dance 10 pips away from tp.. for hours as i just close trade for entry baba start to drop for night 😂

Donsheddy:


Gu moves in mysterious ways...
Only the patient ones and those with the eyes of the Gods can understand gu 😁

Me i just do my analysis...
Enter the trade, set my risk and remove my mind....
If you know wetin gu do me on Friday...
Dance 10 pips away from tp.. for hours as i just close trade for entry baba start to drop for night 😂

I'm still lacking in that aspect, like understanding a particular market in and out. I just scroll through about 20 different pairs and once I find any or ones that matches my setup, I set my Buy/Sell limit and leave it be.

I think sometimes we just have to set reasonable TPs as a day trader. Nothing is more annoying than missing a win trade by few pips then does a huge reversal straight to your SL

samfelly:


Now this is a fine reply, garnished with real-life facts. Thanks, [i]Geologist Vanessa (Geovanni412)[/i] 🫡🫡

More like this:

Don't mind em.

samfelly:


Ibrahimlagosian, na me and you dem take dey do 'bad example' now ooo

Geovanni412:


More like this:

...always giving evidence.

Cheers bro. 🥂

zonall:
The Kiwi is still bearish on the daily timeframe.

Just before market close last week, a bullish structure in M5 was confirmed after an already completed, but unmitigated bearish structure in M15.

As usual, an imbalance has been sought and found historically in both M5 and M15.

However, it appears that the anticipated take profit level of the M5 corresponds to the zone of the M15 entry, potentially creating a see-saw trading opportunity.

BUY LIMIT
E: 0.5868
S: 0.5860
T: 0.5934
RR - 1:8

SELL LIMIT
E: 0.5934
S: 0.5942
T: 0.5860 {1}
T: 0.5783 {2}
RR - 1:9 {1}
RR - 1:18 {2}

May the blue pips continually be with us.

Good evening traders. 🥂

...if the Sell Limit is triggered before the Buy Limit, then the TP of the former will be adjusted to 0.5868 and TP2 becomes invalidated.

...🥂

samfelly:


So, you mean to tell me right now that you didn't take Emmizay12's advice then?

Okay, take this my advice, go learn and BBMA strategy, it will help you see liquidity clearly. Add a touch of Double Bollinger strategy (BrightFuture48 can show you that 😁)

Lolz sir according to vee liquidity is everywhere in the market
We just stress ourself too much
I never dey too profitable but I can boldly say I'm an experience trader...

GabsonFX2:
OK, I'm awake.

you are getting the values wrong. it was 231 pips NOT 23K......with a lot size of 0.5, VALUE = 0.5 x 10 x 231 = $1155 (this is not even up to 1.2% of my .

Now see my terminal picture: I woke up to see it at 240 pips, so with a lot size of 0.5, VALUE = 0.5 x 10 x 240 = $1200 (same, not up to 1.2% of my - see my margin level too in % which depicts the high level of my risk/money management = 1197% )

cc Samfelly

I hope you understand cos I have made it so simple (now see my attached terminal for the real value). PS: I'm replying you only because you are respectful and reasonable and NOT trying to shade....I'm very selective in whom I quote and reply on this thread.

Thanks bro i get it now.....
I only asked because initial screenshot posted showed.. below profit i saw -23k.... Now it's clear.....
I for wonder how take dey get peace of mind with such huge figure.... I for don develop hbp since.... Even my 20 dollar d. D dey tumble my brain 😂😂

Stop loss hit on the GU😞
My longest winning streak cut short.
After these trades, we are done for the day. All SLs and TPs have been adjusted to 20pips respectively.

samfelly:


So, you mean to tell me right now that you didn't take Emmizay12's advice then?

Okay, take this my advice, go learn and BBMA strategy, it will help you see liquidity clearly. Add a touch of Double Bollinger strategy (BrightFuture48 can show you that 😁)

Omo that BBMA strategy no easy to learn o
How reliable do you think that strategy is?
I dey consider adding it

I have to stop trading on Mondays, infact i must
Na so so drawdown i dey face every Monday