Mayork2:

Well very possible but I doubt. I trade US indices only

Alright.

I went through your trades i must say you are really good at scalping, the precision, the exit, It's very impressive.

Do you use indicators or just pure P.A? & What time frame do you analyze & trade.

Mayork2:
ic markets

I see. Thanks.

infofirst:

I stopped non currency pairs because of issues like those. I will not change it but will modify the rules to max lot size allowed. Something like 1.0 or 0.1 lot. Which is equivalent of $1/pip.

Our contest is aimed at encouraging pips making, good risk management and sound psychology.

Going by $1/pip

if our indices traders use 1 lot to get 25pips that's $25

Currency traders can't use 1 lot

If currency traders use 0.1 lot to get 25 pips that's $25

I suggest if you could set the max lot per trade at 0.1 lot size to give everyone a fair chance. (Which in a way still favours our index players because currency isn't advisable to use 0.1 lot for a 10% DD limit)

WallStreetfx:


Yeah, how can you gain 67 percent in 2 weeks that's not trading to me. That's pure gambling.

I disagree with you on this, if he can maintain that feat without any loss for a week that's not gambling but skillset, the guy is good at what he does. A gambler would definitely blow that account if he's gambling.

If a trader is not good in analysing and having perfect entry in currency and then jump to indices such a trader will definitely get burnt.
I c many trader trying to move to indices when they they are yet to have skillset in currency.

I will like to see some your analysis on this group @Mayork2

charly20:


But using 11 lots is now gambling nah.... Where is the risk management in that?

Make una no oppress me abeg, na newbie I be

Hahahaha

belovez:


I disagree with you on this, if he can maintain that feat without any loss for a week that's not gambling but skillset, the guy is good at what he does. A gambler would definitely blow that account if he's gambling.


I will like to see some your analysis on this group @Mayokun

That isn't gambling, he is good at his craft.

I had to go through his trades.

ILovebigyansh:


That isn't gambling, he is good at his craft.

I had to go through his trades.

Your are right, only 3pairs and he wait for perfect entry then enter.

I was actually expecting Boom the great scalper to top the list there but no, I'm sure Boom he's definitely learning risk management now

0.1 for currencies is equivalent to 1 for indices; it's still 1 pip, $1. The only difference is that the latter give more pips. We are all chasing pips, aren't we?

Meanwhile,

Mayork2:
well you can call it gambling if you like but how do you make 670 pips gambling? You should take your time to analyze my trades before calling it gambling.

U are good bro, for u to have 0% peak loss, that clearly show that u are not gambling

belovez:


Your are right, only 3pairs and he wait for perfect entry then enter.

I was actually expecting Boom the great scalper to top the list there but no, I'm sure Boom he's definitely learning risk management now

Lol. One has to be careful ooo

ILovebigyansh:


Going by $1/pip

if our indices traders use 1 lot to get 25pips that's $25

Currency traders can't use 1 lot

If currency traders use 0.1 lot to get 25 pips that's $25

I suggest if you could set the max lot per trade at 0.1 lot size to give everyone a fair chance. (Which in a way still favours our index players because currency isn't advisable to use 0.1 lot for a 10% DD limit)

It is still the same. Thats was why I said initially that @mayork2n has done nothin wrong in his trades. Some currency traders were doing 0.2lots and no worries. So his 1lot in indices is still same as 0.1lot because its $1/pip.
I will only set that max lot should not exceed $2-$3/pip so irrespective if the lot size....

NetValueFX:

You are definitely trading sniper entries. Though I don't like indices because of the variant in pip calculations. Some index assets have quite a low dollar to pip while some have a higher dollar to pip.

The amount of pips you have made means a lot sha. Seems the volatility is quite high?

indices are very volatile bro

belovez:


I disagree with you on this, if he can maintain that feat without any loss for a week that's not gambling but skillset, the guy is good at what he does. A gambler would definitely blow that account if he's gambling.

If a trader is not good in analysing and having perfect entry in currency and then jump to indices such a trader will definitely get burnt.
I c many trader trying to move to indices when they they are yet to have skillset in currency.

I will like to see some your analysis on this group @Mayork2

I'm a scalper actually so I might not be able provide the kind of charts you expect to see

ILovebigyansh:


Alright.

I went through your trades i must say you are really good at scalping, the precision, the exit, It's very impressive.

Do you use indicators or just pure P.A? & What time frame do you analyze & trade.

thanks bro, I don't use P.A and indicators I have some conditions and parameters for determining the direction of the instruments so once they are met I'm almost certain price will go in that direction

Theyoungmaster:



I see. Thanks.

welcome bro

Tony142:





U are good bro, for u to have 0% peak loss, that clearly show that u are not gambling

thanks bro

Gold

Sellstop @ 1879
Stoploss @ 1883

Target 1869

Elliotwaveforec:
Us30 is set for buy again 34424 SL 34385 TP 34535

5 pips short of TP; it will hit it.

Mayork2:
well you can call it gambling if you like but how do you make 670 pips gambling? You should take your time to analyze my trades before calling it gambling.

Well! You are good though! As long you are good in what you do and it works for you who are my to tackle you? Keep on bro!

Fxwarrior:
Gold

Sellstop @ 1879
Stoploss @ 1883

Target 1869

I think gold is not ready for sells yet.... 1898 is my ideal poi... I'll post my own analysis so we could see what we may be missing

infofirst:

I stopped non currency pairs because of issues like those. I will not change it but will modify the rules to max lot size allowed. Something like 1.0 or 0.1 lot. Which is equivalent of $1/pip.

Our contest is aimed at encouraging pips making, good risk management and sound psychology.

Thumbs up.

Mayork2:
indices are very volatile bro

Interesting, just looked over the chart and it appears it's an overall bullish market.

belovez:


I disagree with you on this, if he can maintain that feat without any loss for a week that's not gambling but skillset, the guy is good at what he does. A gambler would definitely blow that account if he's gambling.

If a trader is not good in analysing and having perfect entry in currency and then jump to indices such a trader will definitely get burnt.
I c many trader trying to move to indices when they they are yet to have skillset in currency.

I will like to see some your analysis on this group @Mayork2

Well you may disagree with me and it is very possible to make 67 percent in 2 weeks even have seen trader that make 1000 percent in a week but from my experience anything like that has caused a lot of harm than good to me.

charly20:


I think gold is not ready for sells yet.... 1898 is my ideal poi... I'll post my own analysis so we could see what we may be missing

1960 my level for sell. Until then. I buy every dip.

WallStreetfx:
NZdcad

GBPNZd

Outlook



There is high impact news on NZD on Wednesday I will be watching out for that not to affect my trading

GBPNZd

Buy stop

.9646

Sl

.9619

infofirst:


1960 my level for sell. Until then. I buy every dip.

Sure... We want to effect the brewing dip


This is how I see it... Our next dip may be at 1825... I shall still buy the dip.
@fxwarrior... This is what I think.

charly20:

Sure... We want to effect the brewing dip


This is how I see it... Our next dip may be at 1825... I shall still buy the dip.
@fxwarrior... This is what I think.

Scenario 1(risky): sell from 1898

Scenario 2: sell after the rectangle break and retest

Hello traders can someone unravel this mystery. I placed a trader on Metatrader and also OCTFX at the same time. The one on meta trader was already in profit but the OCTFX was still in a huge lose..

What a breakout

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EURUSD

PIVOT POINT: 1.2193

R1: 1.2226
R2: 1.2272
R3: 1.2305

S1: 1.2147
S2: 1.2114
S3: 1.2068

Analysis:

Euro traded within a lower range and tested to break below 1.2160...

For future trading references, if the trend returns bullish then the resistance of 1.2226 could be broken and push the price up to 1.2272...

However, if the downward trend stays then the support of 1.2147 may falter, which could pull the price lower to 1.2114...