No Brainer Trades

[Anpknio]

Hello everybody,

I'm starting this thread for the advantage of for commerce installations with 90% - accuracy and reliability. When I say this I'm talking about posting trades with evident levels of significant support and resistance where not becoming in looks like the dumbest thing to do. For your Negative Nancy's out there please dont scorn me about the 90% accuracy figure. With most of these trades you could atleast entire scalp for 20 pips, others have paid out tens of thousands of pips.

Should you feel you've got something please post but ensure your confidence level is far above average.
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UPDATE October 25, 2013: Much has changed since this thread was started within five decades back, and indeed I realize I'm rare in the feeling of old timers even considering upgrading a ribbon that has such age to it. I will cut to the chase : I basically halted upgrading this thread because I was getting slammed in terms of questions and requests. Anyone who has ever been in my shoes understands it is not a fun position to be in, as you basically start to get insulted for not helping individuals, that is ridiculous so far as I or any rational person would be concerned. I was posting trades left and right until I discovered that a decent number ofnigeriaforextradingreaders were copying them, all the while mismanaging them in the process. I took the thread down functionality record due to the feeling that my regulators do not especially care for me posting trades online, and I am not a fan of biting me in the butt in case the anonymity ever went away. Common sense if you ask me.

The http://www.nobrainertrades.com/ was started in order to maintain my writing living, because I do and always have appreciated it, while slowing down the inundations. It worked, and the site is alive, well and still moving. I answer to pretty much every comment on the site to answer questions - when I don't its just because I probably forget about it, but I do prefer it because it keeps everything organized and subjects on stage.

Everything recorded on it is a completely free resource and there are heaps of materials posted on it now, all pretty much centric on price action. If you are interested in finding the important contents of just get to the point kind of material, I assembled a Best of the Blog page where everything could be found, which http://www.nobrainertrades.com/forex-trading-egies-and-more-the-best-of-nobrainertrades-com.

I have been trading for, probably, way too long and I've had ups and downs like anybody else with regard to that I do business with and in trading itself. However,nigeriaforextradinghas enabled me to basically focus on enabling others with common sense, a quality seriously lacking in this business. And I have been honored to be recorded to on this scale. And although it is not possible for me to emptiness out a lack of control everybody that reads what I write, I've earnestly hoped that a few individuals have gained value by what I must say.

One of my favourite quotes is (probably cliche) but by Mark Twain:


Don't go around saying the world owes you a living. The world owes you nothing. It was here first.
So just escape bed, do your work, exercise common sense, also


Take the easy ones, and do not do anything stupid in the meantime.
Thank you, and enjoy.

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Blog: http://nobrainertrades.com

See below for important posts about this egy, and a .pdf compilation


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Important Posts - Nuts and Bolts of the Strategy Used Here


Full Blown Cache of Materials / Most Concise / Up To Date, Found Here: http://www.nobrainertrades.com/forex-trading-egies-and-more-the-best-of-nobrainertrades-com
Strategy Overview (BRV) - https://www.nigeriaforextrading.com/trading-discussion/89-walk.html
Reality Realization and Trader Reactions in Regards to Market Forces (BRV) - https://www.nigeriaforextrading.com/trading-system-and-egies/92-start-trade.html
Trade Planning and Mental Maintenance (BRV) - https://www.nigeriaforextrading.com/trading-system-and-egies/71-readthemarket-supply-demand-price-action.html
Basic Math Behind Making the Most of Your Trades (BRV) - https://www.nigeriaforextrading.com/trading-system-and-egies/103-jags-journal.html
Strong versus Weak Levels (BRV) - https://www.nigeriaforextrading.com/trading-system-and-egies/95-bakulis-trading-journal.html
Knowing if the Level will Hold/When to Fade, When Not to Fade (BRV) - https://www.nigeriaforextrading.com/trading-system-and-egies/100-trades-week.html
Measure Twice, Cut Once https://www.nigeriaforextrading.com/trading-discussion/89-walk.html
Basic Approach Using Fundamentals and Sentiment to Determine Daily Market Direction (BRV) - https://www.nigeriaforextrading.com/trading-system-and-egies/71-readthemarket-supply-demand-price-action.html
Fibonacci Extensions (BRV) - https://www.nigeriaforextrading.com/trading-discussion/88-posting-trades-weblogger.html
Losing Trading FX (And a Simple Solution) - https://www.nigeriaforextrading.com/trading-system-and-egies/72-robinho-system-power-1x8.html
About Diagonal Trendlines (BRV) - https://www.nigeriaforextrading.com/trading-discussion/94-mind-market-book-review.html
Trade continuation (Ironman) - https://www.nigeriaforextrading.com/trading-discussion/82-esignal-cqg-vttrader.html
Taking Profits (Ironman) - https://www.nigeriaforextrading.com/trading-discussion/85-volume.html
Taking Profits (BRV) - https://www.nigeriaforextrading.com/trading-discussion/89-walk.html
Taking Profits 2 (Ironman) - https://www.nigeriaforextrading.com/trading-discussion/84-euro-1-15-a.html
Typical Day (BRV) - https://www.nigeriaforextrading.com/trading-system-and-egies/95-bakulis-trading-journal.html
AAA - The Missing Link - https://www.nigeriaforextrading.com/trading-system-and-egies/100-trades-week.html
Trade Anatomy example (BRV) - https://www.nigeriaforextrading.com/trading-discussion/78-loss-profit-potential.html
Entries and Exits (Ironman) - https://www.nigeriaforextrading.com/trading-discussion/87-indiors.html
Intraday Scalping (BRV) - https://www.nigeriaforextrading.com/trading-system-and-egies/95-bakulis-trading-journal.html
Intraday Scalping two (BRV) - https://www.nigeriaforextrading.com/trading-system-and-egies/108-chart-store.html
Intraday Scalping 3 (BRV) - https://www.nigeriaforextrading.com/trading-discussion/85-volume.html
The Bottom of the Bucket - https://www.nigeriaforextrading.com/trading-system-and-egies/92-start-trade.html
Spike Base Pattern - https://www.nigeriaforextrading.com/trading-system-and-egies/73-ultimate-solution-martingale-trend-2-1-a.html
Over and Under Pattern - https://www.nigeriaforextrading.com/trading-discussion/80-share-pairs.html
1-2-3 Breakout! Pattern - https://www.nigeriaforextrading.com/trading-system-and-egies/70-supertrend-profitable-forex-ind-50-2000-month.html
Hourly Closes (BRV) - https://www.nigeriaforextrading.com/trading-system-and-egies/111-markets.html
The Most Profitable Traders - https://www.nigeriaforextrading.com/trading-system-and-egies/100-trades-week.html


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Here are a few on how or in advance:

USD/JPY brief, 105.70 to 105.60
hit it 3 times and made a nice bounce everytime, anticipating the same to occur tomorrow or today when price makes it up there. Shorting lower degree resistance at 104.44 is paying about 25 pips right now.

USD/CHF brief, 1.0630 to 1.0620
high of the current s/r levels. At this time its bouncing off of 1.0600 resistance giving a fantastic 30pip payout

GBP/USD long, 1.9362 to 1.9388
this one is in progress but here for demonion. . .about 40 pips so far. Another prospect for a long is coming at 1.9337

Thanks, please keep them coming. I'm generally very active but when I've the opportunity to post I will be sure to.
https://www.nigeriaforextrading.com/attachments/15185470661690937359.jpg
https://www.nigeriaforextrading.com/attachments/1518547068555744331.jpg
https://www.nigeriaforextrading.com/attachments/15185470711891508226.jpg
https://www.nigeriaforextrading.com/attachments/1518547075965552361.pdf

[Anpknio]

Sure. . .here's another one:

Extended AUD 0.9290, long AUD 0.9272
right now bouncing off higher level service of .9300 for about 33 pips.

With any of those there are multiple support/resistance amounts in those ranges. Some you might take some heat on if price flows up to another one, but fading the higher/lower level and breaking on the very first one isnt uncommon. So place your discontinue lossess accordingly. profit is profit.
https://www.nigeriaforextrading.com/attachments/1518547085480171902.jpg

[Anpknio]

Extended USD/CAD at the 0.9986 range

you can go at parity at the moment and scale to some situation if you wanted to if price continues to push, which it may
https://www.nigeriaforextrading.com/attachments/1518547088523076461.jpg

[Anpknio]

Long USD/CAD in the 0.9986 range

you can go at parity at the moment and scale into a position if you wanted to if price continues to drive, which it might this only gave up about 17 pips profit and then came down to .9970. I'm staying long though since there's decent support at these levels.

[Anpknio]

Hi everyone,

I'm starting this thread for the advantage of for commerce setups with 90% - accuracy and reliability. When I say this I'm speaking about posting trades with evident levels of significant support and resistance where not getting in looks like the dumbest thing to do. For your Negative Nancy's out there please dont scorn me about the 90% accuracy figure. Find another hobby. With the majority of these trades you can atleast scalp for 20 pips, many others have paid out hundreds of pips.

Should you believe you've got something please post but ensure that your confidence level is far above average.

Below are a few on how or in advance:

USD/JPY brief, 105.70 to 105.60
hit it 3 times and created a wonderful bounce everytime, anticipating the same to occur tomorrow or today if price makes it up. Shorting lower degree resistance at 104.44 is paying out about 25 pips right now.

USD/CHF brief, 1.0630 to 1.0620
high in their current s/r levels. Right now its bouncing off of 1.0600 resistance giving a fantastic 30pip payout

GBP/USD long, 1.9362 to 1.9388
this one is in progress but here for demonion. . .about 40 pips so far. Another opportunity for quite a while is arriving at 1.9337

Thank you, please keep them coming. I'm generally very active but if I've the opportunity to post I will be certain to. GBP up to 60 pips at the lower level. FYI I understand this is after the fact of this time of the trade post. Please use for learning.

[jomgele69]

I like your thinking, and That I have the past week been demotrading this kind of trades when price is on its way to seemingly heavy support and resistance and Require Tiny profits, its Somewhat tricky so far but I Shall follow this thread with interest

[Anpknio]

I like your thinking, and that I have the last week been demotrading this type of trades when price is on its way to apparently heavy support and resistance and require small profits, its a bit tricky so much but I shall follow this thread with interest Thanks. If you hit a degree the first and second time, payouts are the best generally speaking. The more it gets hit the payout/level of probability you become.

[laumacm29]

Good job guy!!! I like your signature. I trading enjoy u. But im using with strong supports and resistances Stochastic with placing 18,3,3. Im waiting now for overrun (80 or 20 line) on Stoch with pairs: G/U, U/CHF, U/J, E/J. Last month I received every week with this style about 500 pips on 6 pairs together. Keep on and Good luck

[Anpknio]

EUR/JPY brief at 163.00. This will coincide with the JPY brief, again, if price can end up there. EUR/JPY can get volatile sometimes so be a bit careful on position size.

Also, watch out for news with one or more one of these levels. Its is simplest approach to bust s/r. In my haste to post I forgot to speak about ranges. This one just hit 162.90 and came in the money about 50 pips. Keep an eye on these levels and a appropriate range where price might begin to retrace. You can see on the chart that the support resistance level is within this range, so for a conservative entry, this would have been it.

In the future I will post the ranges rather than the static numbers. This is a good example. I got inside sorry for anybody that missed and also I am not confident about reusing this level in the very close to future. Please use good judgement. Thank you

[Anpknio]

Sure why not. . .here's another one:

Extended AUD 0.9290, long AUD 0.9272
right now bouncing off high level support of .9300 for about 33 pips.

With any of these there are multiple support/resistance levels in these ranges. Some you may take some heat on if price flows up into another one, but fading the higher/lower level and breaking even on the first one isnt uncommon. So place your stop lossess accordingly. profit is profit. So such as on this one which you want to go long from the top towards the bottom of this range. 1 means to do it's put on a portion of your position at the top and another at the bottom, just to be safe. Like about the CAD trade above I've got an entrance at .9986 and yet another one at .9970. Up 20 and 36 pips right now, respectively. Again, going forward, I'll post the ranges. Thank you

[Anpknio]

GBP around 60 pips in the lower level. FYI I realize this is after the fact of the time of the transaction post. Please utilize for learning. I managed to acquire about 100 pips from this one in about 3 hours, just to give you a sense. Anything else to contribute I will keep u posted.

[jomgele69]

I've been looking at daily ranges and particularly the ordinary range of 13 times (like the fibos) and I find that when a pair has run on its daily average range and comes close to a solid resistance/support degree it gives an excellent forecast of a little correction. Can you look at this BillyRayValentine?

EDIT: considering the UDSCAD this happened quite well today about two hours ago, the daily average range was 105pips and following moving exacly 105 pips it turned north and that has been near the weekly s1 Too

[Anpknio]

I have been looking at daily ranges and especially the ordinary range of 13 days (such as the fibos) and I discover that if a pair has run about its daily average range and comes close to some strong resistance/support level it provides an excellent prediction of a little correction. Do you look at that entine?

EDIT: Considering the UDSCAD this happened very nicely today about two hours before, the daily average range was 105pips and after moving exacly 105 pips it turned north and that has been close to the weekly s1 too Sorry you have to have misunderstood me. I didn't mean daily ranges of this pair, I meant that the range of the numerous support and resistance levels.

For instance, the buy range on CAD would have been .9988 - .9970.
I'm still in this one but took some off. Gave approximately 30 pips from the top level as in the initial post, and 45 from the lower level....we'll see how it hangs.

[Anpknio]

Long EUR 1.5360 to 1.5370

EUR is currently rebounding from 1.5396 support. After this retrace, if it moves down, I'm anticipating it to 1.5363 after which a decent bounce. You might also be able to score a few pips more on 1.5396 again, but its riskier.
https://www.nigeriaforextrading.com/attachments/15185470911234358452.jpg

[Anpknio]

Extended USD/CAD in the 0.9986 range

you can go at parity right now and scale into a situation in the event you wanted to in case price continues to drive, which it might Up to 46 pips from this post. 62 from degree. Still moving.

[Anpknio]

EUR/JPY short at 163.00. This will probably coincide with the JPY short, again, if price can get up there. EUR/JPY can get volatile occasionally so be a bit cautious on size.

Also, watch out for news with one or more one of these levels. Its is most easy approach to bust s/r. It appears like this pair will give another crack at this in the next few minutes/hour or so. I am trying for it but with a position dimensions that is smaller. This is not 90%. Also if momentum gets too wild I might stick out entirely.

I still feel probability is good on it, but because EUR includes a magnet on reduced levels at this time and JPY might bounce from resistance again today, in which case, they go down and I get paid. We'll see what happens.

The first one could have become the ideal one to get. That paid 80 pips.

[Anpknio]

FYI all of my transactions are based on horizontal support and resistance. Diagonal trend lines prove a lot less reliable, generally speaking. Rather not take the risk if I'm not sure about something, and wait for the right time to trade. I despise losing money.

I'll use technical indiors while I'm in a trade but infrequently. I'd suggest using DeMark indiors if your livelyhood is dependent upon it. Just use something consistent and that you are familiar with.

Either way, price can not bullsh*# you like an RSI can .

I also posted these blowing off the current levels on the market and what was happening, attempting to look ahead. Both USD/CHF and USD/JPY had great trade chances on reduced level resistance today. Its still there and chances might come back again. Should you have a look at a 3 or 4 hour chart and scroll back you'll see how obvious they were. Just being honest here and you may still have the ability to create money fading these points, as price is below them right now.

[Anpknio]

EUR/JPY brief at 163.00. This will probably coincide with the JPY brief, again, if price can end up there. EUR/JPY can get volatile sometimes so be a little cautious on position size.

Additionally, look out for news with one or more of these levels. Its is simplest approach to float s/r. 66 pips fading this again. . .German GDP coming out in a few hours may have a - impact on this protecting...

[Anpknio]

Sure why not. . .here's another one:

Long AUD 0.9290, long AUD 0.9272
right now rebounding off higher level service of .9300 for approximately 33 pips.

With any of these there are several support/resistance amounts in these ranges. Some you may take some heat on if price flows up to another one, but fading the higher/lower level and breaking on the very first one isnt uncommon. So set accordingly. profit is profit. Nailed .9290 for 25 pips thus far

There is more support at .9275 so if it heads I would fade that also

[Pelemcammas]

I understand that probably few if any of the original posters are seeing this thread anymore, but I wished to convey my strong gratitude for all those people who have contributed, especially BillyRayValentine, Iron-Man, Mary Pippins, and Siam before on. While I'd browse through the James16's and TraderDante's threads (and discovered immense amounts from each), this is actually the first time I've really had matters click as to why a process works. Before, I never truly understood why certain amounts mattered or I could have confidence that they would hold - specifically, an explanation of order. Now I feel more confident in my trading and in my first few tries have experienced some amazing results.

My first couple tries at this method ended up getting stopped out since I wasn't creating an appropriate range (price crept a few pips beyond and reversed), but I nailed an entrance on the NZD/USD today, although I didn't create a lot of profit out of it. I missed my first opportunity while I was sleeping but put an autotrade with a 1 pip spread stoploss in the future, and got in with about one pip drawdown until it moved in another direction. Closed the trade after it failed to crack support and then bankrupt short term resistance over the 5 minute chart. The precision with which this functions is just incredible and brings to a very nice chances.



Https://www.nigeriaforextrading.com/attachments/1518547150354427467.jpg

If anybody wishes to compare or is otherwise interested I'll be happy to upload some of my other charts as an attachment. I'd really like to see this thread moving again.

[cmomalesix]

quote With your eyes and knowledge KK007. Price did not close above that level and closed. You have to think differently than many others to actually see.Stop asking questions and start looking deeper. You will never get the answer to what you seek till you discover it. Nobody can or will give away the goose that lays the golden eggs. I'm nobody, just someone that is beginning to put the mystery all together and making it work. Great luck.
Oh, I did not ask any question....
Not to be offensive...
lots of individuals have a urge to offer dramatic but vague advices before being consistently successful himself....
A number of them see other own them something, after they've given such good advices generously.
But I would see this as the blind guide the blind.
I hope it isn't for you. Good luck.

[Fumnnik]

quote Oh, I did not ask any question here....Not to become offensive. . .Many folks have a urge to give spectacular but obscure advices before being consistently successful himself....Some of them see additional own them something, after they have given such great advices generously.Nevertheless, I would see this as the blind guide the blind.I expect it is not for you. Good luck. No you did not ask a question here, just seen so many around FF. Just wanting to give a bit of advice to you. You can take it or leave it.
A few years back I would have left it and wish now that I had heard more.

Good luck.

[oxnolopepe]

What would you guys think about this? Might it be short or long?
https://www.nigeriaforextrading.com/attachments/1518547113376978726.jpg

[bouzas]

Hi guys,

Nice degree with this one. Hope that the news does not do anything too extreme to it.
https://www.nigeriaforextrading.com/attachments/15185471151724443434.jpg

[Bangigo1979]

A complete beauty of a fashion that is short in true BRV. Too amazing not to share and perhaps keep this thread a bit alive. Tight and crisply defined range of resistance using TL confluence indied by the wedge's upper TL (wedge pointed to price fatigue, therefore price action acted as a confluence factor too)

https://www.nigeriaforextrading.com/attachments/151854711661014375.jpg

[Anpknio]

So I wake up one morning and pick up my phone to discover that Twee, a serious veteran ofnigeriaforextradingand who I consider a fantastic old friend that I've basically never met, emailed me informing me that my username was being cut into BillRayVal due to a specialized convention on the site. And for those of you that do not understand Billy Ray Valentine is Eddie Murphy's character in Trading Places although it's generally pretty funny once I get messages which begin off Dear Mr. Valentine,.... Nevertheless, it was good to listen to from Twee and got me thinking about this thread that has been basically dormant for quite a while and spawned a blog that has been going for over 5 decades now.

I went ahead and updated the first post on this thread having just a little explanation about the development of everything that occurred with No Brainer Trades and why it failed so. So I won't waste my breath too much but rather just refer you to this first post.

Take it as you will, I still like writing, and shedding light on anything I can provide in terms of egy and using common sense, regardless of this egy. Some of it might stink, some of it might seem to hit a house run. Either way so. That is how it goes. And while it is wasted on many for a few, it might help. After all, the only thing which has kept me going this long is rational conclusion, an eagerness to continue learning, and communiing with other people in the industry. I'm terrible at PR and honestly just historically trusting in regards to business , which explains why I'm back working for myself and cut the cord with a few market death traps. It's also one of the reasons I feel it is fine to fall in here and talk my mind again.

Those of you that know me understand that I'm a neurotic mess in regards to providing value and I will keep pushing along, simply because its fun. So for the old timers, I say a warm hello and also to the newbies, a warm welcome: please go to the first post to see each the guts of NBT, and love. There's a considerable frame of materials available here and on the blog so go to it and fall on in every once and a while with any other ideas you have. Thanks!

[Pelemcammas]

BillyRayValentine, among the very few superior people I thought would ever come back to this forum. I was a lover of your trading methodology but moved on to supply and demand based egies - nonetheless, your diary was a light in the ideal direction. Are you currently trading for a profession these days or did life take you another direction?

[Anpknio]

entine, among the few superior people I thought would ever come back for this forum. I was a lover of your trading methodology but proceeded on to supply and demand based egies - yet, your diary proved to be a light in the right direction. Are you currently trading for a profession nowadays or did life take you another way? Still trading is the brief answer - same old same old but the installation, like everything else, has evolved as well. But I would not want it any other way. Supply and demand is basically what is discussed anyway - as I state in the very first post I set up the website to basically organize all the stuff that was talked about here, and of course that changed as well with time. Tons of things that never really got discussed on this thread, but might like to only for old time sake.

One thing I am certain: my avatar won't ever change. They will need to pry that out of my cold, lifeless ha...

[Pelemcammas]

quote However trading is the short response - same old same old but the setup, like everything else, has evolved also. But I wouldn't want it any other way. Supply and demand is basically what's discussed anyhow - as I say in the very first post I set up the website to basically organize all the stuff that was discussed here, and of course that changed as well with time. Tons of things that never actually got discussed on this thread, but would like to only for old time sake. One thing I'm certain: my avatar will never change. They will need to pry that... It not, it is a classic. Pity that your name got clipped though. And I see - I guess that makes sense. Good to have you back in any situation, my eyes nearly popped out when I noticed you'd posted LOL.

[laio14]

O shieetttt BRV!

The bawsss is rear!!!

Great to see you about again. I echo what kanzler said. Hope life treated you well.

[Alvamofp77]

What about EUR/GBP? Short?

http://prntscr.com/23nv0r


Aswell as USD/CAD?

http://prntscr.com/23f49p

[bouzas]

Excellent to have BRV back.

I'll keep adding my two pence worth when I could. I have a tendency to do a round up of everything I could view on my own charts on a Monday morning. However, as I've just realized BRV has popped in I will post several trades I'm looking at as an update for this week.

First is EUR/USD 13547 which has just popped and if it manages to maintain its bum above it this will be a wonderful support line for future transactions. It will
also be fascinating to determine if any bearish price patterns kind around here. In which case the next major support line is 13295.

[Ganichulo]

quote Still trading is the brief response - same old same old but the installation, like everything else, has evolved as well. But I would not want it any other way. Supply and demand is basically what is discussed anyway - as I state in the very first post I set up the site to basically arrange all of the stuff that had been discussed here, and of course that changed as well with time. A great deal of things that never really got discussed on this thread, but would like to just for old time charm. One thing I am certain: my avatar will never change. They will have to pry that...
Only wanna say that I have lots of admiration for you. The information you submitted in this forum has completely changed my trading style. Thank you! I've taken your idea and incorporated in to my simple system. It's been operating good for many years without much change. Its great to see that you are still around.

[Anpknio]

quote Just wanna say that I have lots of respect for you. The info you submitted in this forum has completely shifted my trading style. Thank you! I have taken your idea and incorporated in to my simple system. It has been operating good for many years without much change. Its good to see that you are still around. Thank you leorc! Yeah I'm basically trying to empty my mind fully nowadays online here before I croak . That reminds me I should find that front pole updated with more products to keep the train rolling along here - there's a ton of stuff that made it to the blog that I started but not this thread mainly due to a full on attack with PM's. Thank you again.

[Alvamofp77]

Hey,

Just a trading idea.
https://www.nigeriaforextrading.com/attachments/1518547119296184432.jpg
https://www.nigeriaforextrading.com/attachments/1518547122905718634.jpg

[Nenchu82]

Hi Billy,

Thanks for very helpful and useful information. Since you're seasoned and institutional trader, please clear my several confusions and queries:
1) Does big players on banks and institutes use stop losses? Or they use hedging or compounding techniques to reduce the losses.
2) Do they utilize lower time frame like 1m, 5m or else they also use higher timeframe like 1h/4h or daily?
3) Is the scalping is simply way to create living to get a retail and small trader?
4) Is it feasible to exchange 1h or even 4h with 4 to 6 pairs (using same method you cited in thread) to create living for a little trader?

Some how I feel or could be a result of wrong info or correct advice that for full time trader, he must sit every day for London and NY session and exchange on lesser time frame like 15m/5m or 1m on one particular pair to earn daily ? Is it true?

Edit: I think all or may be many of questions I've asked are in the thread: I just have to read the thread, like I just found for my scalping query and risk/reward within this post:
https://www.nigeriaforextrading.com/trading-discussion/82-esignal-cqg-vttrader.html

I expect will find more while reading it.

Thanks.

[minoa777]

Ok its time for some math....Its a little slow out there so I thought I'd do just a small reward check. First off, I looked in the thread's current history, utilizing a 150 pip take profit and 5 contracts as a reference. I dont want to take a lot of time explaining what I'm doing here so its a little better if I just show you. Lets forget for a second about changing market conditions, overlook about opinion hooplah, forget about market barriers, etc. - lets only quantify how to make the most from what we do here without any ramblings. Out of...
This post got me thinking today. I have been reading a lot about other traders and top fund managers recently and a frequent theme that I recognized is that they nearly all say that they wager big and build places when they're operating well or a transaction is moving in their direction. I'm not indiing increasing your risk exposure but simply building your position after it is confirmed it is moving in your direction.

So obviously I'd want to analyse this in more detail on a larger data set however IF you found, as previously, that 2/3 of the period that price hit your 1:1 target that it moved to reach your 3:1 target, then in your 1:1 target you should be shing your stop to B/E as previously and adding another position on using the exact same risk% as the first trade. So your preserving your first risk exposure but significantly boosting your prospective profitability by entering a position with 1:2 RR and 66% win-rate!

Insert this math to the BRV example above -

Insert another position @ the 50pip target of first trade and proceed original position to B/E

Total 28 trades (first positions)

14wins*150 pips = 2,100
7 losses *40 pips = -280 (since 7/14 were moved to B/E in 50 pips)
7 breakeven trades = 0
=1,820 pips won

add positions @ 50 pips
7 losses *50 pips = -350 (the 7 position added @ first 50 target that dropped)
14 Wins*100 pips = 1,400 (the 14 position added @ first 50 target that went to hit the first 150 target)
Total won = 2,590 pips VS 1,820 pips without adding a ranking @ 50 pips

Clearly you would want to dig through your own metrics and be sure that you have enough data that it is statistically significant to maximize it but it really highlights that if your trades hit an initial target and after that have a high likelihood of continuing then you should try and construct the position without raising the risk.

Just some thoughts :-)

[bouzas]

Looking for a long on this pair. Great cluster service around the 81600 area.

Going to tuck my stop just below that 61 fib level.
https://www.nigeriaforextrading.com/attachments/1518547126724520246.jpg

[minoa777]

Searching for a long with this pair. Nice cluster support around the 81600 area. Going to tuck my stop just below that 61 fib level. picture Yep, possess the same place marked in my chart - if you visit the daily, the internal trendline of that downward wedge has only broken and may act as resistance on the bounce back though, was tested several times so is pretty relevant.

[bouzas]

quote Yep, possess exactly the exact same place marked on my chart - if you go to the daily, the inner trendline of that downward wedge has just broken and may act as resistance on the rebound back however, had been tested several times so is fairly relevant. Yea got that.

News coming out in 15 mins or so too.

Gonna have a look at a few pending orders for the time being.

[Anpknio]

EUR/JPY brief at 163.00. This will coincide with the JPY brief, again, if price can get up there. EUR/JPY can get volatile sometimes so be a little cautious on size.

Additionally, watch out for news with one or more of these levels. Its is easiest way to float s/r.
https://www.nigeriaforextrading.com/attachments/15185470821837110805.jpg