heskeyw:
Please house, if am trading in 1:200 leverage, would I need to pay back some loan when am withdrawing my money??

alphaNomega:

She is

heskeyw:


I was able to hold out. From 9k loss to now 500 naira loss. I think I might see profit in the next few hours

heskeyw:
Gold has finished me. Checked it to see 234naira profit. Finished my breakfast and came bk, I met minus 9k loss.

saxy4c:
Gold wants to close above the earlier 1683 level to show that bulls still are very much active and is even forming so many bullish candle patterns on LTF. But this is my plan, I think the Asians are setting this up so they get a good price to sell off when the Chinese come in. I'm holding sells and waiting for 1660 at least before London. Been an all around good day. All levels are posted if you want to buy or sell. Good night good people.

pinbar:


Hope you were able to close out your sells on time bro, i think the bullish run has resumed and its gonna last a while.

Stay safe.

beejaay:

I think the overall movement still Favour down though the current move target 1718 till around 1728 level for down move resumption... Weekly, daily, and 4hrs all show serious potential for down move... I wait to take position sha make we see wetin go happen.. Weekly close will show us direction for the rest of the month me think

voraz:


Moving down

beejaay:

I think the overall movement still Favour down though the current move target 1718 till around 1728 level for down move resumption... Weekly, daily, and 4hrs all show serious potential for down move... I wait to take position sha make we see wetin go happen.. Weekly close will show us direction for the rest of the month me think

voraz:


Moving down

ncpat:
Forex trading is not easy but I will not give up

ncpat:
Forex trading is not easy but I will not give up

teemy:
An Idea

I have an idea for a forex competition to help those beginners [/b]that need trading funds. The first part being [b]consistency in their trading strategy and sticking to it throughout the duration of the trial.

The Trial

A forex demo trading competition.

Everyone starts with a trading account of $10,000 which is coincidentally similar to a $100 account in cents (more on this later).

Contest starts and runs for the last two weeks of each month.

Awarding the prize

Winner is the trader with the highest ROI or highest balance since all accounts start with the same amount.

At the end of the contest, the highest ranked trader will give me a report of his/her trading strategy and I will authenticate that ALL trades made conform to the trading strategy. Any single off strategy trade will lead to disqualification and prize goes to the next highest ranked trader.


Prize is $100 or equivalent in naira paid into winner's Dom or Savings account. (I will see about raising this and increasing prize positions in coming months).

As an added bonus, I will automate the winning trading strategy into an expert advisor for the winner. I would advice winner should not sell it nor give it out (I will give recommendations on how to make more with it without giving out the farm). There truly is something called the law of diminishing returns.

Grounds For Disqualification

All gurus and pros are not entitled to participate. I would rather you add more to the prize pot. This also includes anyone who has dropped trading signals in any of the nairaland forex threads.

Any new nairaland account that was created from today ontowards is not entitled to participate.

A prize winner for a month is not entitled to a prize in the next immediate month.

The contest trading account should NOT have a drawdown more than 20% of the starting account balance. The concept is to ensure you will maintain money management rules so as not to blow the prize money in a swoop.

Conclusion

All interested participants should give me a mention while I work on setting up the demo contest (most likely on fxblue).

Wishing you well - Teemy

wiconse:
SELL LIMIT CADJPY 85.355
SL 85.755
TP 84.355

voraz:
This is USDCHF.
Looks like we could be getting reversal....
Notice the divergence
(Check out the attached USDCAD chart for an actual example)

It's not moving down fast enough so I've locked in enough profits.
We could see an Inverse Head and Shoulder formation around this point so upside is more likely now..... Enjoy!

Succhris:



after hunting sl, it is ready to move down to 1000pips.

tp 19200

teemy:

In all, there was no awarded winner. Thanks everyone for your participation.

As stated earlier, I won't be hosting any future contests here.

Wishing you well - Teemy

teemy:

Feel free to ask a question if you have need of any clarification.

pinbar:

Hope you were able to close out your sells on time bro, i think the bullish run has resumed and its gonna last a while. Stay safe.

teemy:
As promised, the update on the contest award winner. The results are final.

A final look at the rules before I proceed.



The rankings

Wiconse(45110293) who ranked first was disqualified due to posting signals and thus not a newbie.


Ekesoft who ranked second preferred not to relinquish his strategy and so was skipped.


Voraz(30638720) third has been posting setups and is surely not a newbie


Dreamscapar(6661027) fourth relinquished his right to the award as he was not in it for the money.

Viettastitches(8835053) who came fifth was disqualified for not following all strategy rules e.g No StopLoss.

Succhris the sixth position has given a signal in the past and thus disqualified.


Cutefine042(noble_fx), Sconp(8841387), signalmedia, Fucc12(8837358), Bolutumiii(boluwatife1), Darkpal(2090621693), Free6orn(8853544), JafunmiFx(4093514), SayDeejsy(2090622449) and other unlisted numbers were authomatically disqualified by the system.

In all, there was no awarded winner. Thanks everyone for your participation.

As stated earlier, I won't be hosting any future contests here.

Wishing you well - Teemy

GladmanGoddey:

What was your reason behind the contest?

cashvault:


It is now clear that your intention was not to pay out any price.

teemy:

Feel free to ask a question if you have need of any clarification.

saxy4c:
Yeah I did as it refused to break 1680 was a sign to test 1710.

I'm selling gold 1707 sl 1714 tp 1678

jammer777:


What if Dreamscapar comes around to change his mind and wants to claim the prize, would you give it to him?

heskeyw:

. Closed at 500 naira loss. If to say I leave am, I for dn dey see profit now. I chicken out and I learnt my lesson. Current price is at 1705. It will still reach 1710 and 1715 if u buy.
1st tp 1710
2nd tp 1715.

teemy:
As promised, the update on the contest award winner. The results are final.

A final look at the rules before I proceed.



The rankings

Wiconse(45110293) who ranked first was disqualified due to posting signals and thus not a newbie.


Ekesoft who ranked second preferred not to relinquish his strategy and so was skipped.

Voraz(30638720) third has been posting setups and is surely not a newbie


Dreamscapar(6661027) fourth relinquished his right to the award as he was not in it for the money.

Viettastitches(8835053) who came fifth was disqualified for not following all strategy rules e.g No StopLoss.

Succhris the sixth position has given a signal in the past and thus disqualified.


Cutefine042(noble_fx), Sconp(8841387), signalmedia, Fucc12(8837358), Bolutumiii(boluwatife1), Darkpal(2090621693), Free6orn(8853544), JafunmiFx(4093514), SayDeejsy(2090622449) and other unlisted numbers were authomatically disqualified by the system.

In all, there was no awarded winner. Thanks everyone for your participation.

As stated earlier, I won't be hosting any future contests here.

Wishing you well - Teemy

teemy:


I wouldn't give him, it was an offer and he skipped it.
Also, he wouldn't, he is a trader at heart and was in it for the adrenaline rush.

We've been in contact since then and we've gained a few new things from one another.

pinbar:


i have a buy limit at 1683 but i am no more selling the nucca for now

teemy:


In all, there was no awarded winner. Thanks everyone for your participation.

As stated earlier, I won't be hosting any future contests here.

Wishing you well - Teemy

Benqozenero:


You should bury your head in shame. Can you imagine, a competition without a winner.
Now how do you return all the strategies you have accumulated back to the owners.

I told you guys earlier that i do not believe this fraud has any award for the winner.

Ekesoft and dreamscapper who saw true his criminality and refused to give up their strategies are the biggest winners here because of the wisdom they displayed to ward off the senior robber.

infofirst:


What's the new moniker?