blackman007:


Price is at a very key level, this is the kind of setup I like to see.... .... Now we watch out for a strong reversal candle like a pin bar.....

ogashman:


Yes boss...going to sit it out. No confirmation no entry

infofirst:


Good analysis you have there.
Echf, you are trying o to have the time to trade that pair. Too slow. Ajpy, I agreed with you and her sister Au should do some correction lower.
ucad, I think will eventually push pass that 4h resistance and test 1.2904 area as @Mrbillionaire pointed out in his chart.

I will be looking to buy usd depending on where prices open later tonight.
Good analysis and sufficient opportunity for intra day trader going into the week.
Let all exercise even more caution as the holiday approaches, volatility can be too thin or too much on some pairs. Be guided. Trade safe.

WallStreetfx:
GBPAUd analysis looking for buying opportunity.

Pipsbasketings:
MAKE-UP Xmas Contest For 2nd (₦32,000) & 3rd (₦18,000) Positions

---

@Donvic4u, @Surely22, @Mrbillionaire

1. Open a new demo account with capital = $100 & Leverage = 1:200
2. Trade for the remaining period (2weeks): 13/Dec/2020 --- 24/Dec/2020, closes at 12:00PM prompt.
3. Achieve only 15% of the capital, which is $15

Reward Conditions

---

1. You must dm me your account details with your investor password and excluding your master password on or before the 1st hour of market-open. Failure to do this disqualifies you automatically.
2. Prosperotrading achieves the goal of becoming the 1st at 12:00 PM prompt on the 24/Dec/2020; NO 1st, then NO 2nd and 3rd, and NO reward.
3. You achieve at least a $15 profit.
4. In a case where more than one person achieve the goal ($15 profit), 2nd and 3rd positions will be selected based on the least maximum reward drawdown NOT based on higher profits --------- pls note this.

Follow instructions

cc @Teemy, @JakPayen

ProsperoTrading:



Hi bro, I sent you a mail.

My contest account is showing"authorization failed", what could be the problem

ProsperoTrading:



Hi bro, I sent you a mail.

My contest account is showing"authorization failed", what could be the problem

ProsperoTrading:



Hi bro, I sent you a mail.

My contest account is showing"authorization failed", what could be the problem

infofirst:


I take God beg you. Once you make $20 max, no trade that acct again. Please o. Your winning might motivate somebody.... Account please authorize o

karkinase:

So easy.. if life were this easy everybody for don blow oo . Why not wait for a confirmation first .cos I feel that pair is still bearish @ the moment except a strong rejection is formed @ monday close.

afobam:
Please honest advice. This ROI forex traders that promises 20% monthly. How safe is it to invest with them?

ZedFX:
That's why if people should first understand where and what they're investing in.

for example I believe the idea that you'll see people put a fix ROI to pay people monthly from trading forex is not ideal.

now before you even invest with someone who claims will make profits for you from trading forex.

you should understand that this is a risky Investment. you can loose your money.

so what you do is if you want someone to trade for you, you look at their past results, first try to understand their risk management level, by this try the see their max drawdown between certain period, then proceed to look at their gains.

if everything is good.
you give the person money to trade with. now the expectation is not to be paid monthly ROI and now tell yourself sit down and enjoy your money work for you. no!

you ask for either a myfxbook or any analytics you can get from their trading each month.

now you expect the person to drawdown in a certain month, break-even in a certain month, make gains in a certain month.
so for me that's 3 month waiting period before you can look to see if there's profit you can split. if no, and everything looks good. you continue to wait for another 3 months.

for me in particular, if I am to manage money for people, the minimum waiting and evaluation period is every 6 months before we can look to share profits. recommended sef is 1 year.

but all this thing people do is nonsense.
you'll either get burnt sooner or later.

even the hedge funds, am not sure the do profit share monthly.

I read about Ed Seykota taking a 15k Investment to some million, it took him years and surely he wasn't doing any monthly 10%, 15% or 20% rubbish.
he trades and after certain period he looks to share gains.

so what am saying is that most of this people who gives money for people to trade are not investors in any sense of the word.

they don't accept the risk, the don't know what they're doing

afobam:
Please honest advice. This ROI forex traders that promises 20% monthly. How safe is it to invest with them?

afobam:
Please honest advice. This ROI forex traders that promises 20% monthly. How safe is it to invest with them?

Pipsbasketings:
All contest account set up for the final trading period, @MrBillionaire - I'm still waiting for yours.

Gasive:


Mrbillionaire right now.

Mrbillionaire:

You have my account details with 202 dollars; no need opening new one. The percentage DD and gain can be easily calculated.

Pipsbasketings:
Kindly open a new one for uniformity in capital and leverage with others. I also deleted all previous account, I no longer have them.

Mrbillionaire:

I'm out. Best of luck to others.

Theyoungmaster:
UCAD broke out of the 3 days old range. I had a sell bias and thus paced a sell stop at 1.27485 which has since been triggered. 30 pips in profit so far. I should ride this trend for 2-3 days till 1.25.

Selling UCAD.
EP... 1.27485
SL... 1.27760
Tp... 1.25000

Ps. I'm still a demo trader learning the ropes. Inputs and advices are accepted from my bosses. Thanks in anticipation.

ZedFX:


after reading that post.
ask yourself this:
1. are you willing to accept the risk that comes with investing in forex?
knowing that the rule states that past performance do not guarantee future performance. also that you risk losing your capital,
2. have you checked the past records of the trader to at least be sure he has a good track record.
3. do you expect to receive the 20% monthly?
cause that is not possible. if you follow around here you will understand that a contest has been on for consistency in terms of returns and the numerous people that participated only one is left in the final evaluation period. The funny thing is people doubled account within a certain period and yet things took a dramatic turn.

so get this straight, it is very possible not to be able to make a consistent result from the market even if you are a pro and have a 99% working strategy, cause if your strategy is too good, you may find few setups some months and good number some months, so your inability to make a consistent return is not because you are bad or not good enough, it base on market condition and opportunities. now, if you try to force things, the market gives you a slap in the face, which you can do nothing to but only to accept and humble, if you refuse, and try an act of revenge, he gives you an uppercut punch the second time, still has not learned? the third time is usually a smackdown or Monday night raw, ask the wrestling fans about that

ogashman:
2.Gbpchf

What I'm seeing

- price has been respecting a descending channel. It is just bounced off the bottom of the channel while heading up. I think price will get to the 1.1840 area before nosediving to the next support at around 1.1523

Bias: bearish

Mrbillionaire:


How old are you? You're being childish. Does your life depend on the winning? Come on, grow up.