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Stats: 2,754,039 members, 6,541,854 topics. Date: Sunday, 17 October 2021 at 05:25 AM
|6 Months Forex Challenge by samfelly(m): 12:17pm On Aug 29|
Let me first of all tag those whose steps I am following;
Netvaluefx - https://www.nairaland.com/6479984/12-months-forex-challenge
Zamanda - https://www.nairaland.com/6703747/3-months-forex-challenge
Although, Netvaluefx was the first person that I saw who did it in his challenge and I mentioned to him I will do something like dis with $24 to $1,000.
samfelly:But, unfortunately, I blew that $24, in less than 2 weeks.
Recently, when I saw Zamanda's $50 to $5,000 challenge (though not yet started, just his post), who, ironically, drew his inspiration from Netvaluefx's recent challenge, also. I decided dis is a good one too. So, instead of my former $24 to $1,000 spoken goal to Netvaluefx, I will be using $50, thus the amount deposited today (pictures attached).
Trading starts on the 1st of September, 2021.
Please, kindly follow the story in my fxblue account (see signature).
|Re: 6 Months Forex Challenge by fashionnisir: 2:34pm On Aug 29|
|Re: 6 Months Forex Challenge by NetValueFX: 5:18pm On Aug 29|
samfelly:Good luck to you. Impossible is nothing,! Considering your account size, avoid Gold or crypto. Especially BTC. Pick the very best trades as there are limited room for errors.
Finally, ask yourself why you blew the 24usd. Actually, it was more than 24usd because you grew that account. All things being equal. Your dreams are obtainable it doesn't matter how many times you fail, failing is actually part of what makes a good trader.
|Re: 6 Months Forex Challenge by fashionnisir: 5:28pm On Aug 29|
tips, best time to scalp 2pm -5/6pm and breakout ocurs around 8am to 10am and follow by new trend.
best of luck and remember follow the trend form behind and not from the front. it takes the lead you follow , keep it this simple.
|Re: 6 Months Forex Challenge by samfelly(m): 10:16pm On Aug 29|
Bro, the motivation you give persons, alone, is just enough and right. Thank you.
I plan to use the bolded as the underlying secret to succeed in this challenge, already. I am grateful you dished them
|Re: 6 Months Forex Challenge by Kaesyrn(m): 12:34am On Aug 30|
Make achieving the impossible inevitable...
I'll be watching this page...
|Re: 6 Months Forex Challenge by samfelly(m): 8:44am On Aug 30|
Ah, I don enter one chance. The bolded and especially d coloured, my mentor no tell me all dis ones o - kia! dat guy no cheat me so?
Anyways, all dye na dye. But as long as una dey here, I go do my best, because dreams plenty wey Forex money wan solve
|Re: 6 Months Forex Challenge by samfelly(m): 8:46am On Aug 30|
Yes, sir! (salute)
|Re: 6 Months Forex Challenge by samfelly(m): 8:59am On Aug 30|
This one wey bot banned me for BUSINESS SECTION since last week, I hope e no go try am for INVESTMENT SECTION o? because, I go carry fight go meet Seun o - anywhere him dey
I actually don miss my pipo for FTA-21, so much
|Re: 6 Months Forex Challenge by NetValueFX: 9:07am On Aug 30|
What time frame do you trade and what is the average number over signals it generates per week?
|Re: 6 Months Forex Challenge by fashionnisir: 12:12pm On Aug 30|
I will suggest your stick and enter with 1htf, avold bring distracted by the other time frame, there are the noise, you can check early candlestick formation in the lower time.
|Re: 6 Months Forex Challenge by samfelly(m): 2:38pm On Aug 30|
Funny thing is, I trade M1 o (Scalper) . And d only strategy I rely on is Golden Cross and Death Cross. As for d bolded, I trade as d spirit leads o .
I hope u no go say na suicide mission I wan under go so wit this my challenge o?
|Re: 6 Months Forex Challenge by samfelly(m): 2:39pm On Aug 30|
|Re: 6 Months Forex Challenge by NetValueFX: 3:18pm On Aug 30|
samfelly:Have you considered trading same strategy on a higher time frame?
|Re: 6 Months Forex Challenge by samfelly(m): 4:00pm On Aug 30|
NetValueFX:Yes. I have tried my best to replicate it to H1, but impatient no dey let me leave d winning trades for long.
|Re: 6 Months Forex Challenge by NetValueFX: 4:50pm On Aug 30|
Patience is important. Perhaps you trail your profits if that will help.
|Re: 6 Months Forex Challenge by samfelly(m): 6:03pm On Aug 30|
Hmmm, with my driving job (taxi), e go hard small.
Well, I guess I will just not go to work any day I mean to trade, so dat I can trail profit, as u suggest.
Pls, kindly break down what you think my weekly or monthly target should be - pip-wise - to meet dis challenge. Cos, the good Lord knows I can get carried away and not mind over-trading
|Re: 6 Months Forex Challenge by NetValueFX: 7:56pm On Aug 30|
If I may suggest, let that $50 be. Create a demo of at least $200. Use it to practice for 3months non stop. Believe me there is always money to be made when you get back from your practice. I said $200 because that's an amount I would say is quite fair considering one would need room for drawdown. $50usd can't offer you enough room for reasonable draw down.
Secondly, as a full time transport worker, you need to trade minimum of H4 and you cant do that safely with 50usd. Trust me, you don't need anything interfering with your main source of income. You need steady flow of cash to stay afloat psychologically.
Convert your strategy to H4 and practice it lets see the result.
|Re: 6 Months Forex Challenge by Zamanda(f): 8:19pm On Aug 30|
Wow, I am happy you mentioned me. And, I am more than happy you beat me to it (by starting the $50 to $5,000 challenge, first).
In this Forex business, I have come to believe that it is a personal journey. Anyone can be anything in the business as long as he feels the need to. That is all that matters.
I wish you all the very best, bro.
I will soon start mine, whenever I feel the need to, also
|Re: 6 Months Forex Challenge by Krch: 10:36pm On Aug 30|
|Re: 6 Months Forex Challenge by Samken2: 10:44pm On Aug 30|
Pls is exnese licensed for trading by Nigeria SEC and CBN
|Re: 6 Months Forex Challenge by showafrica(m): 11:08pm On Aug 30|
50$ to 1k will be difficult but not impossible.
|Re: 6 Months Forex Challenge by fashionnisir: 8:14am On Aug 31|
samfelly:That is too short, you will get alot of fakery candlesticks and limited pips it just an interveral of 0.5 from each price action. What EMA do you use?
|Re: 6 Months Forex Challenge by fashionnisir: 9:33am On Aug 31|
How do l dm you? I want to ask about something.
|Re: 6 Months Forex Challenge by klinksd: 9:52pm On Aug 31|
I love this effort bro.
This is very possible.
By the way, Gold can also be traded, just use tight stop losses and keep the lot size manageable at 0.01. If need be, review as your equity increases.
Good luck all the way.
|Re: 6 Months Forex Challenge by samfelly(m): 4:28pm On Sep 01|
Thank you, bro. I go do my best not to fail myself.
I even intend to enter 1 lot size as my first trade . Lol, na joke o
|Re: 6 Months Forex Challenge by samfelly(m): 4:29pm On Sep 01|
Pls, I have replied you.
|Re: 6 Months Forex Challenge by samfelly(m): 4:49pm On Sep 01|
Well, I really don't know about that. As long as they have Direct Naira Deposit and their rate is the sweetest, I am good with them
|Re: 6 Months Forex Challenge by samfelly(m): 4:52pm On Sep 01|
50 and 200.
Do you have any suggest in that department?
|Re: 6 Months Forex Challenge by aumusa: 5:33pm On Sep 01|
And best wishes to you
|Re: 6 Months Forex Challenge by JAkpayen(m): 5:41pm On Sep 01|
I wish you best of luck. (i) I will advise that you take this challenge as fun and not to solve immediate need. (ii) Once you have attained a sustainable profit, withdraw the initial capital to reduce the pressure on you, (iii) Try make sure that your trading system on PC is same for mobile MT4 (this will mean no customized indicator) considering the type of job you are doing now.
If you should ask me, I will suggest to change the challenge to one year. All the best!
|Re: 6 Months Forex Challenge by samfelly(m): 7:25pm On Sep 01|
My broda, me, too, don see say I don bite wetin I no fit chew.
Right now, Eminem song (I Need a Doctor, lyrics attached below) has been on steady repeat o.
I am losing my mind already, cos doubt has crept in. I have not even taken any trade since o. Just watching Mr. Market RUNNING Up, RUNNING Down.
I really need that sort of HOPE Eminem yearned for in his song
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