Alpha Circle Nsukka | Charts, Psychology & Market Discussions

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@promisefx - 19 hours ago
Quoted - okoriesoft

Trading is a game of probability and will always be a game of probabilities.

Make sure u know how to do ur maths.

GM, GM Guys

Exactly boss, It's a game of probability many trade forget this and think market revolves around their order block, thereby increase their risk, over trading which is very bad eventually they get burnt

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@promisefx - 19 hours ago
Quoted - mitchei_1

Bitcoin traders bet on a move above $82,000 โ€” Traders are putting significant capital behind short-term upside bets after BTC's $80K breakout. One reported position involves roughly $2.9 million targeting a rapid move above $82K, showing that some derivatives traders expect the rally to continue.

$82K is the level to watch. If BTC can hold above $80K and break $82K with strong volume, these upside bets could look very smart. But with that much leverage in the market, volatility cuts both ways. ๐Ÿš€๐Ÿ“ˆ

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@promisefx - 19 hours ago
Quoted - mitchei_1

GBP/USD โ€” Sterling pauses after four-week rally

GBP/USD has retreated modestly after Sterling reached a six-month high. Traders are now watching U.S. sanctions developments and upcoming U.S. monetary-policy signals.

The USD pair is weak and the USD index says otherwise.

I don't know maybe it's targeting a major supply zone for a massive sell, EURUSD and other USD pairs aren't exception

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@promisefx - 19 hours ago
Quoted - mitchei_1

What's the biggest difference between a profitable trader and someone who is simply lucky?

Okay lucky trader?๐Ÿ™„

If you are talking about lucky traders are talk about traders that trade based on vibes?

If that's what you meant there's a huge difference between them

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@promisefx - 18 hours ago
Quoted - mitchei_1

What's the biggest difference between a profitable trader and someone who is simply lucky?

A profitable trader is a person who execute his/her strategy regardless and became profitable overtime why a lucky trader is one who trade only based on vibes and get lucky win one In a while

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@promisefx - 18 hours ago

Do you know we have PROFITABLE TRADERS and CONSISTENTLY PROFITABLE TRADERS

are they the same or the are different drop your opinion below ๐Ÿ‘‡

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@genefx - 18 hours ago
Quoted - promisefx

For now BTC can't just rally to the top, according to statistics I would say it can't now

It has to accumulate and also range, even possible dump back

was actually thinking about this ๐Ÿค”๐Ÿค”.

But market is full of surprises ๐Ÿ’”, there is possibility of a little dump then the bullish rally continues who knows.

market world say better, let's keep observing ๐Ÿ”ฅ๐Ÿ”ฅ

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@promisefx - 18 hours ago

Gbpaud sell setup I used H1 ob for sharp entry

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@genefx - 18 hours ago
Quoted - promisefx

Do you know we have PROFITABLE TRADERS and CONSISTENTLY PROFITABLE TRADERS

are they the same or the are different drop your opinion below ๐Ÿ‘‡

Depends on how you want to see it.

"Consistently profitable" traders would also hit losses sometimes, only thing being there don't hit loss Often.

Profitable traders make profits more than they hit losses ๐Ÿซด๐Ÿป๐Ÿซด๐Ÿป

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@promisefx - 18 hours ago

USDCHF I will anticipate a buy here as the USD begins to gain strength

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@promisefx - 15 hours ago

What's BID price and what's ask price?

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@promisefx - 15 hours ago
Quoted - promisefx

What's BID price and what's ask price?

Bid price:- this is the price (dealers and brokers) are willing to buy while

Ask price:- is the price (dealer and brokers) are willing to sell

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@promisefx - 15 hours ago

For instance EURGBP

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@promisefx - 15 hours ago
Quoted - promisefx

For instance EURGBP

0.8574 is the bid price

While 0.8575 is the ask price

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@promisefx - 15 hours ago

If you noticed you will see that the ask price is higher than that of the bid price, stay with me you will find out later

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@promisefx - 15 hours ago

Let me use this image to further explain it now, you will notice that the bank will sell higher to you than you bought from them, it's as a result of them to make profit

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