Alpha Circle Nsukka | Charts, Psychology & Market Discussions - Page 28

Trading is all about patience and plan so I have marked out Eurusd, and that is my plan for next week if price get to those zones and goes as planned I will execute, I want to see price break above 1.14821 which is at the blue line, then a pull back to 1.14725 and 1.14687 then I will take a buy but if price breaks below to 1.14172 my plan is invalidated so I will now look for only sells

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@genefx - 1 month ago

💨NEW WEEK NEW OPPORTUNITIES 💨

Last week failure is going to repeat it self if you don't change things.

Change only comes when actions change

Try focusing on getting the setup right than the amount you make from it.

The Goal of a successful trader is to make the best trades. Money is secondary ~Alexander Elder

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@asuquokelvin - 1 month ago

Quoted - marvelous_treasure

Okay. When are you going to do something like this again?

Is it on oil or any other currency pair? I don't really trade oil, I use it to correlate between usdcad to know when to buy and sell like on 5th may oil was weak while dollar became strong that made usdcad to change direction on 6th of may while 7th April oil was weak and dollar was weak which made usdcad to sell because dollar weak percentage was greater than that of oil so price of usdcad went down significantly look at the chart proof I marked the candles that made the break and changed direction and that change in usdcad on the 6th may was as a result of fed cute that occured on 29th April i took that trade on USDCAD sell so rate was kept steady at 3.75 so there was no major reaction so but direction changed on the 6th may for USDCAD

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@asuquokelvin - 1 month ago

Quoted - marvelous_treasure

I didn't know I haven't replied this. Thank you

You can refer to this chart and see my markings on different dates oil went same direction with usdcad and dates it went on different direction

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@asuquokelvin - 1 month ago

Quoted - marvelous_treasure

Wow😂... You see that number two ehn? Someone in ikorodu is prolly thinking he'd get Elon's money with his 500 dollar equity in the next 1 year.

Thank you for this

My trade rationale was a simple retest of the 15 min liquidity pool on USDCAD. My Entry was at 1.36875 , and my invalidation level was at1.37097 . That is a tight 22 -pip risk. Because I actually practice risk management instead of dreaming about Elon's net worth, hitting that invalidation only cost me 2% of my account (2,200 naira). If you don't use invalidation levels, the market will humble you real quick . my take profit level was at 1.35495 which made me a 10,300 naira yes because my account size was 100k so it's not about having Elon musk kind of money is building a steady income source for a comfortable life through proper risk management and good discipline!

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@genefx - 1 month ago

Quoted - asuquokelvin

My trade rationale was a simple retest of the 15 min liquidity pool on USDCAD. My Entry was at 1.36875 , and my invalidation level was at1.37097 . That is a tight 22 -pip risk. Because I actually practice risk management instead of dreaming about Elon's net worth, hitting that invalidation only cost me 2% of my account (2,200 naira). If you don't use invalidation levels, the market will humble you real quick . my take profit level was at 1.35495 which made me a 10,300 naira yes because my account size was 100k so it's not about having Elon musk kind of money is building a steady income source for a comfortable life through proper risk management and good discipline!

That's a very smart move 🤝

Protecting capital is the objective

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@israeljasspu - 1 month ago

Longer btc here tp 65600

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@charlesthefirst - 1 month ago

Yoooo

Guys let's get ready as the Market in a few mins

Who to sweep the chart off

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@charlesthefirst - 1 month ago

let's make more this week..

I am carefully selecting the trades I take here.... Capital Preservation is Key 🥂

✅ Don't be in a hurry to take a trade, wait for the best opportunity and also know what you are waiting for.

✅Don't be scared to execute when the best trading opportunity presents itself

✅If you don't see your setup, wait for it

✅Take profit before you take screenshot

✅ Focus on improving, Not Proving

✅Above all, Stick to your Plan and Always manage your risk, That's the only thing you can control in the market.‼️

Wish y'all a profitable week ahead

Stay active🥂

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@charlesthefirst - 1 month ago

If Y'all noticed, Some months we take multiple trades , while some months take few trades ...

Understand this, we have been in the market long enough to be able to navigate all market conditions profitably.....

We have that Experience, no pressure, No rush just Trades and execution ✅✅

Not everyone can do what we Do, pu

Skill)🥂

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@charlesthefirst - 1 month ago

The market opens in few minutes, and the US - IRAN agreement still hasn't been signed. Make sure you cancel all those limit orders. We'll wait for price to settle, reassess the market, and only trade once we have proper confirmation. Stay patient. The market will always give us another opportunity.

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@genefx - 1 month ago

RED NEWS ON CAD 🛑🛑

Canada's inflation has been rising on energy prices from the Middle East. The Bank of Canada focuses on the core numbers.

Trade with caution on CAD pairs, possibly Negative for CAD. Take note of the time ✅✅