Devil incarnates are now in this thread
Hmmmmmm! After reading all posts both useful and useless ones i sense a Big Jealousy from NEVER-DO WELL Traders, infact i blame myself for setting up this thread.
My Naija Adage says: "Better thing No Dey Last". Just 24hrs i started this thread, i got many followers and post just to prove the Authenticity of my Trading Ideas.
Unfortunately, i see the reason why it is not good to share useful information on forums as the foolish and Life threaten, sick and tired, Never do-well traders will want to cause commotion. I dont blame those who dont like sharing their ideas with others. The idea i shared cost me much and i still gave it out FREE because am satisfied with my daily Profits. One of the post did say that his father is scam. The fact that am a Nigerian does not mean am a scam. I live clean. I dont do Illegal things to survive. I have my own money. Am the CEO of Lekki RealEstate Limited in Lekki Lagos Nigeria. Forex trading is just a hubby for me. So stop fooling yourselves!
However, due to my busy activities with my Real Estate business which even pay me more, i wish to shut down this thread on 24th of August 2015.
Goodbye ALL.
"Simplicity Is The Best Approach To Everything In Life"
Hala fellow forumite and traders!
Am delighted to start this thread "Priceless Simple Trading Ideas" which has to do with SUPPLY & DEMAND ideas.
Intro: My names are Paul Ikay Anumudu (a.k.a PAULFOREX). A father to a son (Priceless). A husband to a beautiful and sensible wife (Naomi).
For Forex to have great impact in me I named FOREX after my name (PaulFOREX) and that was how My Forex Trading career began till date.
My Quest For Forex Riches: In year 2004, an online friend mailed me about Forex trading which I believe he was talking about FOREST"(A dense growth of trees and underbrush covering a large area).
Frankly, I told him I hate farming let alone going to forest. But late 2006 I read in a local magazine about a young man offering One day Forex seminar for $350. I immediately called him, booked appointment and paid for his upcoming seminar.
On the seminar day, i was the first to enter the venue because I was so curious and shortly the seminar started with over 50 old and young (Men and women) in attendance. During his discourse, he explained in details what Forex Trading is about which brought me satisfaction and hope. At the end (5Hours Seminar), I bought his Interactive Guide to online Forex CDs (12videos and 500page copy and paste forex ebook).
Seeing what lays ahead of me to be successful in trading, I realize more training is needed so as to equip me for the task. So I went for online research were I met Forex pros like: Peter Bain, Felix Homogratus, Jarrad Marthinz and other Forex sites were I bought e-books worth $1,500 that equipped me for Forex Riches.
Though they helped to broaden my trading knowledge but i still see myself losing my hard earn money. I fund my broker account almost every month even when am losing it all.
One day, out of concern my bank account officer told me that forex trading is scam and when I asked why, he said his reasoning was because I have Never received any inflow into my Dollar account but only outflow meaning is not a Profitable business. At this point, i became speechless as he just told me the truth but i cant accept it as I fully know the truth of the matter meaning the fault is not the business but myself because I have read of people who make a living trading online currency.
In order to succeed to prove him wrong, I started jumping from one strategy to another, join several Paid trading rooms, subscribe to various signals, subscribe to trade copy systems, use many EAs (ROBOTs). All did Not still yield any success for me.
Again, a trader friend introduce me to News trading which is High Risk (STRADDLE). At first it yielded fruits as is High Risk, High Reward especially with news like NFP 11years ago (Over 200pips within 1hour), i make 100% ROI but as the World Economic Melt-down continues, News trading became a nightmare and terrorist for me that i became afraid and lost ALL loan i got from my Bank in one day.
So i switch back to technical where i read alot of books like: Candlesticks made easy by Chris Lee, Price Action Forex Trading with Nial Fuller, How to trade Pivot by Peter Bain and many others. But despite all odds, i was Never successful with their systems.
However, while doing my Profit and Loss business (Profit in London session and Loss all profits in NewYork session), I still stick to heart these P rules:
"PRACTICE + PATIENCE + PERSISTENCE = Profit".
In 2010 i read about the Market Makers who owns the business. So i went into various studies like: Forex Black Book Bank Flow Levels.
I also watch many videos like: The Market Makers Method(Part1 -Part12) by Martain Cole. By now I was convinced that they are really the owner of the business.
But the question that still linger in my mind is: How can I know when they are buying or selling so as to join them and benefit? So i reason! This is where Supply and Demand came into play which i studied in my High School 16years ago. But i need to study more, so I stumble on an ebooK: Supply and Demand Based trading by Kevin Baker. Also i read: Sam Seiden: Back to the laws of supply and demand by Active Trader Staff. This motivated me so much that I have to add my own ideas and came up with "Priceless Simple Trading Ideas" + my Magic EA which i use to turn a $5000 account into $526,000.00 in a month (From July 17th 2015) WITHOUT a single loss.
NOTE: My main aim is to share my Priceless Simple Trading Ideas FREE for Life as It gives me inner joy and happiness when I help fellow traders learn.
Can I Join This Thread: YES! Every Trader (Pros, Newbies, Amateur) is accepted. However, decency they say is the boundary for tolerance.
Respect others view. No fighting. No insults. No discrimination. Any one who disobey these rules will be deleted Without WARNING!
Always read other peoples post and comments before replying. Feel free to post your trade setup so others can benefit.
There is love in sharing. So share helpful ideas.
If you have any cause for complain with my ideas or others post please Feel Free to PM me and don't post it in the thread.
Lets go straight into "Priceless Simple Trading Ideas".
Trading Setup & Rules
1. My main time frame is 1hr and 4hr, however i use daily chart to watch old and new zone areas and enter trade on 15mins.
2. I only trade EURUSD and GBPUSD due to their low spread of 2 to 3pips.
3. I trade in any sessions that is relax and ready to give me my 10pips Without stress and emotion. I dont trade during news.
4. My lot size varies as i have many account with different capitals. With my $1000 account, i use 0.1Lot ($1per pip) and 0.5Lot but with my $10k account, i use 1.0Lot ($10 per pip)
5. When i get several and same alerts from 1hr and 4hr chart, hitting Supply or Demand zones, i will wait for 1hr candle to open and move to that direction, then i will open an order, then my Magic EA will instantly duplicate my single order to 20 + my single 1order =21 orders once. My EA will also setup TakeProfit of ONLY 10pips at once for the 20 orders. I dont use STOPLOSS because am sure i will get my 10pips within 2-5mins or before direction changes. So am ALWAYS sure of each trade before i take it. And once i hit my GREEN TP for the 20 orders (The single order i open myself, its profit belong to the broker as i must pay them as they are my managers, managing my account).
NOTE: I trade once a day so as to avoid emotion and greed. So 10pips per day is ok for me. My goal is to ALWAYS make profits daily. Compound your Profits!
Download the Updated SupDem indicator that draws the zones. I have also attach an ebook on supply and demand that can help.
To Your Outstanding Success,
Paul Ikay Anumudu
PAULFOREX
Skype ID: paulforex
Forex is my Love! Forex is my Life!!
