Hi Guys! Am here again. Sorry, i am just too busy at times not to disappoint my students i actually give daily signals for many pips profits. All the same! Thanks to Farizu for your observation. I trade all time frames, but i rely heavily on the 1hr and 30m charts as my setup charts and i use the 15m or 5m as my trigger chart to get in to trade as early as possible(For my intraday trades only).
There are fundamentals that many new traders and even some old ones do not know. So, they just keep lossing money and wipping out their accounts on any deposit they make. Some have finally given up and are resorting to frustration, while others are still in their neighbourhood trying to beg for a loan with huge interest.
Losses in Forex are just an intergral part of the game. But People loss money careless because the do not understand the basics. For example:
1.) A good and consistent money management practice
2.) The right entry and exit time
3.) There must be a setup to trade
4.) You setup must show you the entry point, SL and Targets.
5.) Knowing the pairs to trade
6.) Robots/EAs/Cash Machines etc Do not work here.
7.) Avoiding and understanding the news.
8.) Don't fall in the correlation trap
9.) To always stay ontop,Your losses must be smaller than your profits.
10.) The more money in your account, the more risk you can take.
11.) You need professional indicators developed by outstanding traders. ETC,ETC,ETC,ETC.....
So, even when we make good analysis for them to follow, they still make careless mistakes and loss money or allow the trade to suffer alot. When a train is gone, it's gone for ever, allow for the next train to come for loading. There are always opportunities croping up on all pairs. But ones inability to read the charts correctly will backfire. Alot and alot to be said. Trading is actually fun and easy for the cool headed. To join me privately for a mentorship and to grow your account, mail me at
jacshib@gmail.com and i'll tell you what to do for us to grab good pips.
Alright! A BIG BIG opportunity ahead of next week for EURUSD. I actually trade 28pairs and imagine these opportunities atleast on five pairs per week. I spotted this on EURUSD and decided to share it here for free. Points:
*The pair is on the upside on the weekly
*It is bouncing off the 50% retracement(The black circle) and on the rising trendline
*A close inside the triangle(little black lines) Will confirm a fake breakout from it. Therefore, a reversal candle in the form of a hammer.
*Aggressive entry: go long before the close of this week's candle without a confirmation. Conservative entry: go long after the close of this week's candle as a confirmation reversal.
*Stopp loss is at the Red line, take profits are the green lines.
*The yellow shape is a strong confluence of the rising trendline, the 50% retracement level and the weekly support level.
Remember! This is the weekly chart. The final profit target is enormous, likewise the SL position. If you are confused or afraid, then follow me on
jacshib@gmail.com. Your charts will be as clear as mine, You will enter and exit the trade(s) as soon as i enter/exit, I will show you when not to trade and when to trade, I will give you some powerful indicators that you can never come across easily ETC. But not for free!! Only serious traders make money. To go to the farm, you need to buy or construct your tools.
Nigerians can reach me easily!
Godluck!
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