fxbomovi:
13 trades in 1week for a new trader? Thats way to much. How manw pairs are u trading and timeframe

Sirkay78:
who knows eu direction for now on daily chart?

12ema:


You mean guess.

naijababe:
NFP and its madness, took me out at BE and went in my direction, would have been +162 pips in now We will continue our dance next week sha

12ema:


Hello. It is good you are taking your money management very seriously. If i may ask what is the win percentage and the profit potential of the strategy you use? Did you back test it and for how long? 13 trades and a drawdown of 7.6% seems a lot unless you are trend following. You might wanna drop your risk to 1%. Also, as per your observation about the guy using 8% risk, well, he wasn't really using 8%. The true impact on his account was around 4% if you factor in his contract size, starting balance and win/losses. Back in the day i hadn't perfected the math on the sheet. My intent was to have a visual representation of win and lose percentage. Once you gain more experience and are more comfortable with your strategy you can play around with numbers to achieve unbelievable results, hence my insistence on understanding the math of trading. Also, send me a mail so i can forward the attachment to you. Best of luck.

fxbomovi:
13 trades in 1week for a new trader? Thats way to much. How manw pairs are u trading and timeframe

ijabey:
Happy new year
Can anybody give me information on how to make profit using binary options

olusode97:
If the area around the latest swing low on Eur/jpy holds linking towards the swing trade to the 140.01 area to the area by the end of the day. Waiting 1hr timeframe

olusode97:
in profits

fxbomovi:
pls some1 should post 1hr audusd chart. Pls n tanx

fxbomovi:
pls some1 should post 1hr audusd chart. Pls n tanx

olusode97:
missed LOB on GBPAUD a whopping 64 pips in 1 hour

FOREXMARTS:

This was my last update. Closed for today sha +164 pips total.

naijababe:
You hear 'Martin', you pick race before you hear the 'gale'

12ema:
FOR THE NEWBIES: LOSERS WHO ARE WINNERS AND WHY 90% OF THE 5% TREND TRADE.

I see it all too often. A new trader paper trades for a few months, he’s amped up and is ready to take on the world. He is armed with a no fail strategy and is ready to make the world his oyster. He has been paper trading for 4 months and turned 5k on his demo account to 300k in that time, so, it should be a cake going real. Right? He funds his account and makes his first 7 trades which are all losses and his account is down 15%. At that moment he concludes that the strategy does not work, and begins the hunt for a new no-fail strategy. What most traders don’t realize is that there is nothing wrong with their strategy, but there is something wrong with their trading psychology. I have been trading profitably for 3 years and it still affects me till today. Seeing a string of losses and your emotions can run wild. You start to doubt yourself and the system and might be tempted to deviate. Don’t. My mentor is one of the coolest baddass traders I have ever met. I’ve seen where he would have like 20 trades, all losses and he would be as cool as a cucumber. Me, i'd be chewing at my finger nails. It took me a while to understand the concept. He would smile at me whenever I asked him why he was so cool when the drawdown comes. He would tell me he’s just waiting for his home run to come. “it’s bound to happen, it always does” and sure enough, he would be down 20% for 3 months of trading, and be up 50% in the blink of an eye. This concept is what newbies need to understand and master quickly. Losses are an integral part of the game. When I’m mentoring, I often throw the conventional method of coaching out the window and tell my mentees that that they should look at their drawdown period as a waiting period. You are sowing seeds that will bring bountiful returns after the rainy season. Traders who don’t know better are gathering their funds for you. Some get it, some don’t. This is why I like trend following so much. The euphoria you feel when you recover from a drawdown is, for no lack of a better description, better than getting high.

I received some mails about explaining the attachments in my previous posts, to here it is. There really is not much to explain except that the first 7 trades were losses and the account was down to 3800, (how many traders can take that) and then in trades 22, the account jumped from 6k to 11k because of an 819 pip move (home run). This is what trend traders do. We wait for home runs. We don't presume to know or guess where price is going, but, they happen every time. It could be once a year or 2 to 3 a year if you are lucky. When it does, your account increases astronomically. We will take the odd 100 to 200 pips to take care of our losses until it comes. But, when it does come, ohh boy.

TheShootist:
To short after market opens if price pattern shows further weakness in the correction as it's being stalled at fib resistances, 61.8 and 78.6.

Theonlyson:
hello house i'm new on this thread, pls can any 1 guide me on what dis forex is, how 2 register and so on. Thanks 4 ur respond.