Pipsbasketings:
OK, Gold's discussion continues.

Yesterday, I posted this gold so we could discuss and see out it would play out. Here is the before and after our discussion. Price is still doing what we expected. As I mentioned, it wasn't time yet to take a decision (buy or sell), since this time, the price has been respecting both top and bottom channels.

If you have bought or sold in a few days ago, you may have been trapped in this channel.

Tell me what you see now.

@blackman007, ask your question

Pipsbasketings:
OK, Gold's discussion continues.

Yesterday, I posted this gold so we could discuss and see out it would play out. Here is the before and after our discussion. Price is still doing what we expected. As I mentioned, it wasn't time yet to take a decision (buy or sell), since this time, the price has been respecting both top and bottom channels.

If you have bought or sold in a few days ago, you may have been trapped in this channel.

Tell me what you see now.

@blackman007, ask your question

Pipsbasketings:
OK, Gold's discussion continues.

Yesterday, I posted this gold so we could discuss and see out it would play out. Here is the before and after our discussion. Price is still doing what we expected. As I mentioned, it wasn't time yet to take a decision (buy or sell), since this time, the price has been respecting both top and bottom channels.

If you have bought or sold in a few days ago, you may have been trapped in this channel.

Tell me what you see now.

@blackman007, ask your question

Pipsbasketings:
OK, Gold's discussion continues.

Yesterday, I posted this gold so we could discuss and see out it would play out. Here is the before and after our discussion. Price is still doing what we expected. As I mentioned, it wasn't time yet to take a decision (buy or sell), since this time, the price has been respecting both top and bottom channels.

If you have bought or sold in a few days ago, you may have been trapped in this channel.

Tell me what you see now.

@blackman007, ask your question

Pipsbasketings:
Consistency

blackman007:

Thanks for the opportunity sir,
Here goes my questions....

(1) do you have any material or book that you can bless me with to upgrade my trading style, and for personal self development. Could be on trading psychology or price action, or both

(2) what is the difference between horizontal channel and a range??

(3) do you use Fibonacci retracement tools? And how do you know which point on the chart you start drawing from, is it directly from the swing high or low??

(4) what are the pros and cons for keeping a position over the weekend? I noticed that a lot of traders dreads doing this, please expatiate on it sir......

IMAliyu:

IDK.
Seems like it's continuing to range.

blackman007:

Its still in a range, but the way it is now, it is showing strong sign of bullish momentum, by forming a double bottom... But it is not yet time to go long, therefore our waiting continues.. my opinion anyways, and I stand to be corrected...

nzechu:
the two circles, what do they show

Pipsbasketings:
Reward Reminder (Not an update) - Dec 24

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1st Position: ₦50,400
2nd Position: ₦32,000
3rd Position: ₦18,000
cc Jakpayen, teemy

Pipsbasketings:

Achieve a consistent 15% bi-weekly ROI minimum for 4 trading periods (1period = two weeks, i.e. bi-weekly) and win $93.87 for the Xmas

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1a. Open a new demo or live account before the 3rd of November, 2020 with a capital of $100 with any leverage size of your choice
1b. If you already have a live account with capital not exactly $100 and wish to contest, go ahead and contest; I will do the %profit maths equivalent to $100 by Dec 24.
1c. You MUST provide an account (demo or real) with your exact name or known NL moniker (preferred).

2a. You MUST then return here to provide the 1. Account number 2. Investor Password and 3. Server
2b. If you are not comfortable with 2a for privacy concern, dm me with your information as stated in 2a. But I give preference to 2a

3a.
1st Trading Period (bi-weekly): 1/Nov/2020 --- 14/Nov/2020
2nd Trading Period (bi-weekly): 15/Nov/2020 --- 28/Nov/2020
3rd Trading Period (bi-weekly): 29/Nov/2020 --- 12/Dec/2020
4th and final trading Period (bi-weekly): 13/Dec/2020 --- 24/Dec/2020

3b. Your expected 15% ROI for each trading period is $15

4. Only one trader will be rewarded the $93.87 - naira equivalent; in a case where more than 1 trader achieved the goal, the trader with the highest %profit will be rewarded.

How I came about the 15% bi-weekly ROI minimum

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You will recall that this contest was birthed from the constant 30% ROI monthly income topic; but because this particular reward focuses on Xmas which is obviously very near and we do not have too many months to wait, I have divided the trading period (1month = 30%ROI) by 2 to obtain a bi-weekly (15%) trading period so we can have a total of 4 trading periods to count our success.

wishing you all success

Pipsbasketings:
Contest Update: Today is the last day of the 3rd Trading Period: 29/Nov/2020 --- 12/Dec/2020: No contestant qualifies for the next and final trading period which was supposed to start on this coming Monday.

As a result, the contest is closed and WITH NO WINNER.

Use this to reflect on your errors/mistakes and we could try again in 2021. The contest started with 15 contestants, dropped to 7 after the 1st 2weeks of trading, then dropped to 4 after the 2nd 2weeks of trading, now dropped to zero after the 3rd 2weeks of trading.

Wishing you all Merry XMAS and a HAPPY NEW YEAR IN ADVANCE

CC: @Teemy, @Jakpayen, @Shevychen2

ProsperoTrading:


How come bro, am confused. The goal is 15% per bi weekly which is 15$.

Two people got achieved that. So why the disqualification? Clear me pls

Pipsbasketings:
It's like I'm missing something, I will check again.

ProsperoTrading:


How come bro, am confused. The goal is 15% per bi weekly which is 15$.

Two people got achieved that. So why the disqualification? Clear me pls

I achieved 15% profit this bi weekly. Last ending balance was 155 And current balance is 173, which is abiove the 15% target.

Benqozenero:



Bro, from what I can understand from the box/table I think you shot yourself. when you achieved the desired $15 why didn't you stop trading until the next period? look at your balance $172 then minus $3! this makes you fall short of the target as the 3rd period was still on when you took the current open position.
when playing a game, try to pay attention to details. Sorry about the predicament.

ProsperoTrading:


I have no open position. And I met the 15% ($15) bi weekly goal.

ProsperoTrading:
From my understanding, the goal is to earn 15% of the capital (100,) based on that, i think two people are still in the game.

ProsperoTrading:
Last bi weekky ending balance

Benqozenero:



Bro, from what I can understand from the box/table I think you shot yourself. when you achieved the desired $15 why didn't you stop trading until the next period? look at your balance $172 then minus $3! this makes you fall short of the target as the 3rd period was still on when you took the current open position.
when playing a game, try to pay attention to details. Sorry about the predicament.

Pipsbasketings:
Who is the 2nd person you think is still in the game?

Pipsbasketings:
I just updated the post, check again.

You are the only one moving to the next trading period

ProsperoTrading:


Thanks bro for taking a second look.

Mrbillionaire:


I should be blamed more; I made $150 during the 2 weeks and I kept trading and lost everything left with a balance is $202 (-$26 for the two weeks). Discipline is key in this game.

Mrbillionaire:


I should be blamed more; I made $150 during the 2 weeks and I kept trading and lost everything left with a balance is $202 (-$26 for the two weeks). Discipline is key in this game.

Pipsbasketings:
Xmas Contest Update: Reward Allocation, now that no one will be making 2nd or 3rd

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Reward Condition for 1st Runner UP:

Although you are out of the contest by not meeting the goal, you should never be considered for a reward; however, if and ONLY if the last man standing meets the goal, we will consider you for a reward as a 1st runner up.

First, the goal of this contest has to be met.
Now that Prosperotrading is the last man standing, he gets rewarded with the 1st position price if and ONLY if he meets the bi-weekly goal. Thereafter, we can look for a 1st runner up which is obviously you. Please note that you are the only runner up contestant we will be considering simply because you made some profits over your initial capital (even though you are out of the contest) at the end of the day while others blew their accounts and have below the initial capital as we speak, as a result, none of them will be rewarded.

The ONLY condition to this reward is Prosperotrading meeting the goal in order to obtain the 1st position reward: NO 1st position, NO runner up.

You get the prize of both 2nd and 3rd positions (i.e., the prize of both 1st and 2nd runner up since we have no 2nd runner up)

1st Position: ₦50,400
2nd Position & 3rd Position: ₦32,000 + ₦18,000 = ₦50,000