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Forex Trade Alerts: Season 21 - Business (78) - Nairaland

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Re: Forex Trade Alerts: Season 21 by Donsheddy(m): 8:07pm On Apr 06
CopyJoe:


Check the data. You can make some deductions without being wrong.

Compare it with the number of days the competition has been live.


What data's did you put into consideration before making such claims....
Is it the profit made so far, or the lot size use in trading or the draw downs
Re: Forex Trade Alerts: Season 21 by CopyJoe: 8:11pm On Apr 06
Aluspecialty:
I will say it is not enough to say people are gambling, gurus in this business can take 4 solid trades and still fail them all, you won't say they gambled right? especially when you are aware of their capacity.

Don't assume, let's all focus on the task not trying to fish what others may be doing, it could be their innocent way of trading not gambling,,,,,in essence, don't rubbish someone else's game or downplay them.


Okay boss.
Re: Forex Trade Alerts: Season 21 by NetValueFX: 9:26pm On Apr 06
Aluspecialty:
Was just curious as to how would one know without actually being there with the person taking the trading, i think you guessed.

The contest is a learning curve for some of us. Not just about the money. This is my first time using 1:25 and my first time using H1.
Re: Forex Trade Alerts: Season 21 by infofirst(m): 3:01am On Apr 07
CopyJoe:
I can see some people are gambling in this competition/contest.

Now I see why most people fail in this business.

Some are just after the prize and nothing else.

Remember, it's about mastery and having to be financially free for life.

Selah.

You are right. But remain focus. Two things are at stake. The prize and the ultimate prize. Keep your responsible trading up.

@Aluspeciality
The DD justifies his assertion. Its day Two and with a leverage of 1:25, any one with DD more than 10% as at today is gambling. Thats taking high risk so as to top the table. And when they lose, they go down the ladder.
Those that truly trades do not experience margin call or high DD. Its very simple.
I have gambled in the past too but we need to work to let go of it and build gradually by trading instead of gambling.
Re: Forex Trade Alerts: Season 21 by CopyJoe: 5:00am On Apr 07
infofirst:


You are right. But remain focus. Two things are at stake. The prize and the ultimate prize. Keep your responsible trading up.

@Aluspeciality
The DD justifies his assertion. Its day Two and with a leverage of 1:25, any one with DD more than 10% as at today is gambling. Thats taking high risk so as to top the table. And when they lose, they go down the ladder.
Those that truly trades do not experience margin call or high DD. Its very simple.
I have gambled in the past too but we need to work to let go of it and build gradually by trading instead of gambling.

Thank you, boss.

@Aluspeciality

That's what I was trying to say. No intention to rubbish someone else's effort. I wouldn't do that.

1 Like

Re: Forex Trade Alerts: Season 21 by harizonal123(m): 5:07am On Apr 07
The bitter truth of the matter is that one needs to open some dangerous positions when opportunity presents itself for u to win this competition. Making 5% a day is either you r overtrading or using very big lot size
Re: Forex Trade Alerts: Season 21 by Aluspecialty: 5:11am On Apr 07
Thanks for finally relying on @infofirst's analysis.

The truth is I knew what you were referring to but needed your analogy, I needed you to defend the assertion, but you couldn't. On the other hand, you don't see what they trade, the lot they use, the number of trades they have entered to have the DD, which made me believe that you only guessed.

For example, what if they used the appropriate lot size for excellent money management, but had lost 10trades in a row in the contest to have the DD we see, would we say that they have bad money management?

Finally, I know you for real brother, I know you very well, you do not have intention to rubbish anyone's effort, I only generalized and not directed to you; you have always been my personal person. Love you bro. Stay blessed.

CopyJoe:


Thank you, boss.

@Aluspeciality
That's what I was trying to say. No intention to rubbish someone else's effort. I wouldn't do that.

1 Like

Re: Forex Trade Alerts: Season 21 by charly20: 5:41am On Apr 07
charly20:
My thoughts on EU for next week.

No trade if point of entry is broken



Well played
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 6:09am On Apr 07
harizonal123:
The bitter truth of the matter is that one needs to open some dangerous positions when opportunity presents itself for u to win this competition. Making 5% a day is either you r overtrading or using very big lot size

I said this before during pipbasketing contest,
As far as it's a competition and highest equity takes the prize.. risk management is very difficult IF you want to win,

1 Like

Re: Forex Trade Alerts: Season 21 by Fxwarrior: 6:37am On Apr 07
Fxwarrior:
Potential trade?

Sellstop @ 1740
Stoploss @ 1746
Target 1705

Stoploss adjusted to 1740

No risk trade. Let's see how it pans out.
Re: Forex Trade Alerts: Season 21 by Fxwarrior: 8:42am On Apr 07
Buy gold 1740
Target 1755
Re: Forex Trade Alerts: Season 21 by infofirst(m): 8:54am On Apr 07
Donvic4u:


I said this before during pipbasketing contest,
As far as it's a competition and highest equity takes the prize.. risk management is very difficult IF you want to win,

harizonal123:
The bitter truth of the matter is that one needs to open some dangerous positions when opportunity presents itself for u to win this competition. Making 5% a day is either you r overtrading or using very big lot size

With due respect and as in most other contests, its true but if you have been following the trend in our own contest, it is not. I have not been over trading to be in the top since. 5% is just $50 which you can make trading 0.05 lot of gu at 100pips.

I have only been trading gu and egbp and no more than 0.05 lots.

Trade responsibly and you will make it. Study the performance and you will see it. I do not need to see what other contestants are trading for me to know their trading behavior. Just with the table, I can tell.
I might be wrong.
Re: Forex Trade Alerts: Season 21 by infofirst(m): 8:55am On Apr 07
Aluspecialty:
Thanks for finally relying on @infofirst's analysis.

The truth is I knew what you were referring to but needed your analogy, I needed you to defend the assertion, but you couldn't. On the other hand, you don't see what they trade, the lot they use, the number of trades they have entered to have the DD, which made me believe that you only guessed.

For example, what if they used the appropriate lot size for excellent money management, but had lost 10trades in a row in the contest to have the DD we see, would we say that they have bad money management?

Finally, I know you for real brother, I know you very well, you do not have intention to rubbish anyone's effort, I only generalized and not directed to you; you have always been my personal person. Love you bro. Stay blessed.


Nice one. One love.
Re: Forex Trade Alerts: Season 21 by infofirst(m): 9:09am On Apr 07
If you want to make it in this trading world in the long term. You have to be calm. Aggressive trading will only hurt you. This market does not care about you and your analysis especially when it's wrong analysis. You must be calm to truly understand how prices move. Be a friend to the chart. Learn to understand how prices move. Every movement of prices in all pairs are the same. You are never going to truly understand it if you are trading 25 pairs at once. I can boldly say without exaggeration that I can trade any pair now but I do not simply because of time. If I were to be a full time trader, I will.
Start with calm mind, take any USD pair, trade it successfully and after you are good at it, use same understanding to trade any of the other majors and If you so much love your outcome, trade minors and exotic and non currency pairs. The losses is what make most of us to doubt many things
I do not understand also why someone with account balance of $100 will be trading highly volatile pair like GBPAUD and the likes and you complained that the fx is not real. Or a beginner trading gbpnzd.

Above all sha, lets keep taking affirmative steps towards our forex and outside forex life ambition.

Done pontificating

All the best to us all.

6 Likes 1 Share

Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 9:19am On Apr 07
infofirst:




With due respect and as in most other contests, its true but if you have been following the trend in our own contest, it is not. I have not been over trading to be in the top since. 5% is just $50 which you can make trading 0.05 lot of gu at 100pips.

I have only been trading gu and egbp and no more than 0.05 lots.

Trade responsibly and you will make it. Study the performance and you will see it. I do not need to see what other contestants are trading for me to know their trading behavior. Just with the table, I can tell.
I might be wrong.


That's why I said IF you want to win...

I know it's very possible
Re: Forex Trade Alerts: Season 21 by charly20: 12:34pm On Apr 07
What is this obsession with WINNING?

I mean it doesn't automatically make you the best trader. The luckiest, yes but the best, probably not

Na only week 1 be dis, how long we last is what I'm interested in
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 12:55pm On Apr 07
charly20:
What is this obsession with WINNING?

I mean it doesn't automatically make you the best trader. The luckiest, yes but the best, probably not

Na only week 1 be dis, how long we last is what I'm interested in


That's d Koko.

But the enticement of winning is still there...
Re: Forex Trade Alerts: Season 21 by charly20: 1:06pm On Apr 07
Donvic4u:



That's d Koko.

But the enticement of winning is still there...



I mean nobody likes being a loser but like I said one time if I end up being top 3, double celebration... Otherwise staying green in the contest till the end is my goal no matter the position.

I want to grow that's all!

1 Like

Re: Forex Trade Alerts: Season 21 by CopyJoe: 3:09pm On Apr 07
Aluspecialty:
Thanks for finally relying on @infofirst's analysis.

The truth is I knew what you were referring to but needed your analogy, I needed you to defend the assertion, but you couldn't. On the other hand, you don't see what they trade, the lot they use, the number of trades they have entered to have the DD, which made me believe that you only guessed.

For example, what if they used the appropriate lot size for excellent money management, but had lost 10trades in a row in the contest to have the DD we see, would we say that they have bad money management?

Finally, I know you for real brother, I know you very well, you do not have intention to rubbish anyone's effort, I only generalized and not directed to you; you have always been my personal person. Love you bro. Stay blessed.


Thank you, boss.

Respect.
Re: Forex Trade Alerts: Season 21 by CopyJoe: 3:10pm On Apr 07
infofirst:




With due respect and as in most other contests, its true but if you have been following the trend in our own contest, it is not. I have not been over trading to be in the top since. 5% is just $50 which you can make trading 0.05 lot of gu at 100pips.

I have only been trading gu and egbp and no more than 0.05 lots.

Trade responsibly and you will make it. Study the performance and you will see it. I do not need to see what other contestants are trading for me to know their trading behavior. Just with the table, I can tell.
I might be wrong.

Yes.

The data says it all.
Re: Forex Trade Alerts: Season 21 by Fxwarrior: 3:19pm On Apr 07
Somehow I'm hoping that news will favour XAUUSD fall.

I need at least 400 a pips this week.


A buy may give me 200 pips thereabout.
Key region to watch break of 1745 or break of 1730.
Re: Forex Trade Alerts: Season 21 by Fxwarrior: 3:36pm On Apr 07
News favours gold fall.
Re: Forex Trade Alerts: Season 21 by Fxwarrior: 3:50pm On Apr 07
Bulls are resisting.

Market is not favourable.
Re: Forex Trade Alerts: Season 21 by coolvibes: 7:08pm On Apr 07
harizonal123:
Most difficult month so far this year
well done bro. how many percent do you risk per trade if I may ask?
Re: Forex Trade Alerts: Season 21 by sakadely: 8:11pm On Apr 07
good statements there. i am one of the best with my winning streak. no lost in my calendar and this statement portray my trading rules. check my trading history attached to this quote.
infofirst:
If you want to make it in this trading world in the long term. You have to be calm. Aggressive trading will only hurt you. This market does not care about you and your analysis especially when it's wrong analysis. You must be calm to truly understand how prices move. Be a friend to the chart. Learn to understand how prices move. Every movement of prices in all pairs are the same. You are never going to truly understand it if you are trading 25 pairs at once. I can boldly say without exaggeration that I can trade any pair now but I do not simply because of time. If I were to be a full time trader, I will.
Start with calm mind, take any USD pair, trade it successfully and after you are good at it, use same understanding to trade any of the other majors and If you so much love your outcome, trade minors and exotic and non currency pairs. The losses is what make most of us to doubt many things
I do not understand also why someone with account balance of $100 will be trading highly volatile pair like GBPAUD and the likes and you complained that the fx is not real. Or a beginner trading gbpnzd.

Above all sha, lets keep taking affirmative steps towards our forex and outside forex life ambition.

Done pontificating

All the best to us all.


2 Likes

Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 9:16pm On Apr 07
Ok, I can post now.
Re: Forex Trade Alerts: Season 21 by Fxwarrior: 3:06am On Apr 08
Buy Gbpcad.
Re: Forex Trade Alerts: Season 21 by dennison4luv: 7:46am On Apr 08
Buy Gbpjpy please trade this carefully it seems that jpy strength is too much
Re: Forex Trade Alerts: Season 21 by Fxwarrior: 8:29am On Apr 08
XAUUSD buystop @ 1745
Stoploss 1735

Target 1755 or 1770
Depending on risk appetite or market reaction.
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 10:03am On Apr 08
Make Una rate my performance, na cent account o.

Re: Forex Trade Alerts: Season 21 by Fxwarrior: 12:39pm On Apr 08
Fxwarrior:
XAUUSD buystop @ 1745
Stoploss 1735

Target 1755 or 1770
Depending on risk appetite or market reaction.

Remember.
Re: Forex Trade Alerts: Season 21 by Fxwarrior: 2:39pm On Apr 08
Fxwarrior:
XAUUSD buystop @ 1745
Stoploss 1735

Target 1755 or 1770
Depending on risk appetite or market reaction.

Remember

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