₦airaland Forum

samfelly:
What's your contest username? Let me see what you mean

Same as my moniker; @brightfuture48

Thanks

Pls how can one resolve wrong display of my balance on FXblue? I noticed that my real data is been display proper when checked the statement but it was not updating on the the leaderboard.

GabsonFX:
I've never traded 25k, you mean 50k? Yes

Yes I know you've two 50k FTMO accounts, but when I see the the net profit on the chart you posted to be 2500 I thought that might be for 25k challenge with 10% target for the first stage, while the second stage would be 5%. That's what confused me.

GabsonFX:
Congratulations to me and the entire team of FTA!

I just won the 1st stage of the challenge! All trade closed on the account; I will be moved to the 2nd stage I think in 2 business days.

Congratulations boss! another milestone achieved. I thought initially this must be 5%ers challenge but seems is not. Do you still trade 25k FTMO?

Never say never that's what your curve depicts. Lol

Congratulations once more.

UJ riding it down

EU Long:

infofirst:
So.
Recharge cards for the top five as at this friday in the contest.

All top five should reach out to get rewarded.

Gift received here also. Thanks boss that is very kind of you.

Davigle:
Egbon, I greet u ooo. tiri gbosa for u Sir. as don seedan dey wait like corocodile, oya cut soap for us too....
Great trading by the way...

Lol...you're very funny sir.

BrightFuture48:
SL move to break even...

TP reached! ... While the pair is still expected to move up rather sluggishly. I will wait for proper re- entry again to short it, for the time being, I am now in waiting period.

BrightFuture48:
Second TP exit...
Taken a minor rally with small lot size with tight SL and TP.

Lest see how it goes....

SL move to break even...

BrightFuture48:
First TP ! The retracement is expected to hit my break-even. If the pull back is strong enough I will exit the remaining lot and re-enter back after the retracement.

Let's go there!

Second TP exit...
Taken a minor rally with small lot size with tight SL and TP.

Lest see how it goes....

BrightFuture48:
Update:
Stop Loss move to break even:

First TP ! The retracement is expected to hit my break-even. If the pull back is strong enough I will exit the remaining lot and re-enter back after the retracement.

Let's go there!

BrightFuture48:
EurJpy outlook:

Update:
Stop Loss move to break even:

EurJpy outlook:

infofirst:
I wished its actually possible to have a system that can help with the ranking based on pips.


This week contest attest to the fact that most of the contestants are not trading with a good trading plan and risk management yet.

You're right. The aim of many is to catch up with first guy @mayork2n hence jettisoning risk management rules and going all out.

It is well!

NetValueFX:
I hope you know that sentiment is broker specific. It's not an extensive sentiment.

You're right, even the COT (Commitment of Traders) reports that's seem near/good for such analysis is often fraught with delays except for a long term traders who can somewhat benefits from it despite it lagging nature.

WallStreetfx:
Yeah, you are right it depends on what works for you. Look at Renaissance technology owned by Jim Simon the greatest trader of our time

This Renaissance technology used series of algorithms with the help of machine learning to predict market on lower timeframe like 1 minutes, 5 minutes

This hedge fund has make a annual return no hedge fund has never made including Berkshire Hathaway

Whether you use lower timeframe or higher timeframe you can still make a killing in the market. There is never a best way to trade the market

Do you really mean it that Jim Simon uses lower time frame data like 1min and 5 min to predict the market movement?

Even from first ever book(The Man who Solved the Market) that details Jim Simon approach to the market by Zukerman and several of his interviews he hinted that Jim's approach is never neither high frequency nor long term trade but within the range of three days that falls within the scope of medium term trades. And this ofcourse is beyond 1min or 5 min data which is mostly for day trading.

But like you said all traders still makes money irrespective of time frames depend on your mastery, though higher time frame traders tends to have better quality signals (though fewer) than day traders.

Kaesyrn:
Make sure you have a well tested and solid strategy in place especially in area of risk management. This can be summarize as thus:

1. Risk not more than 0.5% (1% max) on any single trade(50pips)
2. Focus more on signal from 4h to daily time frame for solid setup ( occasional H1 chart) and look only at the lower time frame(<H1 less than) only just for optimal entry
3. Always wait for high probability setup of your trading strategy... Don't rush to pick anyhow trade. Remember you must choose your battle wisely.
4. Capitalize on your high probability trade with Max lot size and ride it to the fullest (caution don't be too greedy)
5. Patience Patience and Patience

Cc.
BrightFuture48

Wow? This is an interesting thread.