₦airaland Forum

realone12:
from my observation, you are a swing trader.. do you think your method suits prop account?

It doesn't. And if you've also observed,i have stated after info.first's contests that I'll be flexible and trade like a day trader when trading prop accounts and I think I'm making good progress in that regard.

Kaybee7000:
Charlie congrats but my question is with this swinging ,e dey take u weeks or even months before ur trades hit TP or u close manually sometimes?

Most times, i close manually. What determines it is market structure and not any rigid set TP. Example; when i was swinging jpy shorts sometime last month, i closed because market structure changed but i wasn't confident enough to go long.

infofirst:
Great job you are doing boss mi. You have really done wonderfully well. Keep it going man..

Na you dey motivate me

kozmicity:


$100?!?
Chief, your risk management is on point... Biko, share psychological tips for me. And how long did it take you to build this account?

First off, it's demo not live as i want my first live account to be prop account. I started late last year to try out FTMO demo trials and I decided to equally run a demo account of less figure to be sure passing all the prop trials was not "by luck" even though I failed some(I've done over 10 of them and I have my statistics to check my performance).

My aim was to build confidence so that when the opportunity presented itself like mr.infofirst has been doing for us, i can grab it. I'm aiming to make a career out of the financial markets and I'm taking it one barrier after another.

It was strategy July last year, this year it is confidence( I'm still a work in progress, though). I hope tomorrow,it will be scaling of accounts

The year never end, my birthday wish na only prop account and hopefully,i may even get it sooner than expected

The account is barely five months old.
It will only cost me time and i have lots of it

kozmicity:
Boss, what book is this?

It's not a book,it's one of the 55 essays of corporate Machiavelli. I think the quote was gotten from 48 laws of power.

Jameselias:
Wow how long did it take you to grow this
So i can learn Patience

How long it has taken does not matter. I post these as motivation plus a "documentary" since I arrived here. It's a reminder how much I've grown.

It's supposed to serve as a motivation to see the "power of consistency"

Everybody know say i be newbie wey never even old reach anywhere

But if you must know, i started the account around late February just after blowing the one from July last year.

charly20:
So far, opportunity presented itself for a second position on EA, one for gold and another for AU. Since oil is highly volatile, I'm content leaving one position to run till $73 (my most preferred target).

God know say, this confidence get the appropriate place e suppose dey enter

I'm closing the week yet positive. Hopefully,this confidence go fetch me one prop account too.

I've been able to grow $100 into this and I'm quite impressed with myself.

Happy weekend!

Jameselias:
Yourself na all the strategy you know
Distribution schematics

I had the period where i studied several strategies but that is in the past. I don't study any materials or videos anymore,just the charts...

My most preferred fib points are below 50% for bullish markets and above 50% for bearish markets.

charly20:
I believe I'm in a toxic relationship with gold. I lose a trade,I'm swearing never to trade it again then an opportunity comes up and I'm looking to press buy or sell

Attached is my plan for gold possibly for tomorrow;
1860-1880 are prices I'm looking out for short term dump.

Change of plans;
Sold gold at 1850 to still re-buy at 1830.

Mystiquefia:
I know it's a personal challenge and it's supposed to be between me and boss infofirst but I cannot close my mouth on the good deeds you're doing. I just received a 10k evaluation challenge sitting gidigba in my account and felt the compulsive need to share.
I hope, God willing to guide that account religiously and make good use of the opportunity bestowed on me.
Thank you to my ogas Inforfirst, Samfelly, kingpipsmarshal for ur support in this journey and thank you to all FTA members

Cheers,chief.

DannyFX2638:
except you won swing, EurJPY seems going up for now

E cast me Sha but na small loss

Oga VlamesIffect, to sell xx/jpys no dey enter your eyes.

I wan run Chfjpy and Eurjpy with shikini risk following BOJ conference...

MONEY247:
I don't need the stars in the night....
I found my treasure..
Forex trading is a gold mine

What job pays 6k in six days...

Note: This is my friend's results.....(a Spaniard)
After 6 days of taking the FTmo challenge

This is for motivation purposes
....we getting there

My guiding principle for success

I believe I'm in a toxic relationship with gold. I lose a trade,I'm swearing never to trade it again then an opportunity comes up and I'm looking to press buy or sell

Attached is my plan for gold possibly for tomorrow;
1860-1880 are prices I'm looking out for short term dump.

charly20:
Trade update!
Profits for AU was taken at around 200 pips and EA has remained as i narrated previously. The first short on oil is still running, if I still see opportunity,i go add.

So far, opportunity presented itself for a second position on EA, one for gold and another for AU. Since oil is highly volatile, I'm content leaving one position to run till $73 (my most preferred target).

God know say, this confidence get the appropriate place e suppose dey enter

Jameselias:
Richgen, charly20, what are you seeing on xauusd currently

Green candles to likely lose their strength from 1880.

sats:
Please how are you able to trade 0.01 of us oil? the minimum lot on ic market is 0.5 and the minimum lot on hot forex is 1.00, those are the brokers i use

Mine is ex.ness.

Who no know madam Oga VlamesIffect naim dey take am seriously.

Sarcasm, beauty of language

richgen:
It's part of the process bro.

Today I entered usoil buy and ran out with just 24pips profits.

I could see you entered your oil sell earlier than the sell reversal began today.

We keep on looking out for the liquidity the market wants to seek per time and we follow it right there.

Gold seems to be going down to the old low sellside liquidity at 1786.56 like I opined yesterday. Looking for premium opportunity to short tomorrow but I'll be cautious of the news at 1:30pm and FOMC at 7:30pm tomorrow. Not a trade call just my opinion.

I don't always have the luxury of looking at my chart, so sometimes it's "set and forget"

Whether looking or not, we are still taking risk.
Cheers.

Omo...RM abeg.

I don chop red receipts wotowoto since last week but account still dey alright.

When they say, don't trade like you depend on the market before you eat, i think say na whyning.

I sampled two accounts....one was emotionally invested and this one in the image, emotions are no longer felt because i have become balanced trading the account. The one with emotions did badly.

WAGMI abeg!

VlamesIffect:
NO. ......

You eh

richgen:
@charly20

Can you see what gold has done today?

The logic is simple. It took out the buyside liquidity resting above the last week high and at the same time hitting the sell orderblock on the daily and dropped massively into the FVG and closing it completely on the daily.

I hope you were not used as liquidity along with the buyers today.

The weekly is a sell orderflow as the daily too.

And I see it going down to1799.08 on the daily to take out the sellside liquidity there.

Just my opinion though.

I stayed away....
once bitten...

charly20:
Progress so far. Though AU shorts will be short-lived (no pun intended )..... EA,I'll hold longer.

Trade update!
Profits for AU was taken at around 200 pips and EA has remained as i narrated previously. The first short on oil is still running, if I still see opportunity,i go add.

charly20:
New week, new gains....

This week is for oil. I'm adding a second short position as the week starts.

Likely the start of oil crash....$73

The crazy "jump" at the day's open didn't give me the needed opportunity but one position is enough.....

Till there is another opportunity...

New week, new gains....

This week is for oil. I'm adding a second short position as the week starts.

Likely the start of oil crash....$73

richgen:
Sorry for your gold loss.

I saw that the CPI at 1:30pm was being's used to drive gold down to take out liquidity and it lured so many in but then I was waiting for 2:30pm NY open liquidity and I saw the price was going nowhere but up after taking out the sellside liquidity. And it did after 2:30pm NY open.

I didn't take the gold buy because I was already waiting to enter oil sell which I did and caught some decent profits.

In my trades, I take advantage of both NY open session of 2:30pm and 3:30pm (both Nigeria time) every trading day. Sometimes trade may leave me behind waiting for the liquidity run at this times but I don't mind because no matter what I won't chase price.

I know price may offer an entry either as a premium or discount as the case maybe and if it doesn't come, I don't care. I'll wait for another day.

@charly20 kindly study these times and you'll see what I'm talking about clearly even though I know you're a swing trader.

Learn from your wounds today as I always learn from mine.

It's the weekend,I'll shake it off quickly. I'm only a bit pained because it's an evaluation account that got affected but no wahala. The smaller account i took the same trades, profits from Au and EA absorbed the loss well. I'm alright.

I'll study those times (2:30 and 3:30).

richgen:
@charly20 how are you doing?

I'm licking my gold wounds.
Are you seeing what i see on oil?

charly20:
History repeats. We just have to have the eyes for it.
Oil!

Follow the map,look at the time period.
I will trade till i can't trade no more.
Let the week favour us all!

I'm still following this map. When oil begins to tank,it may go on for weeeeks. $73 won't be a surprise.

Kaesyrn:
Could you pick up an entry chief ?

I was liquidated at 1838.

Why this people dey do gold like this?

Massive liquidation....hei

Meanwhile it's time to short oil again abeg....asset wey dey give joy.

kozmicity:
Omo... You learnt it early. I was stuck thinking that if the trade goes against me, I must've done something wrong. It was until April here that I watched 4 hours if Mark Douglas videos on trading psychology that I finally understood. That April I turned $40 to $200 folliall I learnt from him. May I did it again but I abandoned the account at 150 after just two weeks. I felt I was gambling.

I went back to the videos and there was something that caught me there he said "If you don't believe you're worth the money you're making in trading, you'll probably never make money." He also said something along the lines of you've been trading for 4 years now and you think you don't have enough knowledge? That's 4 years is enough to get a degree in school and if it was school would we feel like we weren't worth our salt?? He then said is all about mindset... If you don't feel good enough, you'll never be good enough .

That stuck with me

My aim wasn't to even make profit yet but to outrightly blow the account but not with nonchalance. I tried different strategies, traded limited pairs( something i won't advice a swing trader ), watched videos and what not.

What blew the account was the pairs i have now come to love and understand--- Gold,oil and Nasdaq . Ic.market's minimum lot size for those assets were between 0.5 and 1 (imagine that for $200 )

I ran the account up to $800 and was feeling fly (with dangerous lot sizes, how foolish! ). Before the next day, the account balance was $57. Naim my body cool down.

In those six months, I felt the excitement from seeing plenty profit to the frustrations from losses and limited pairs to the humility of managing account small small.

I'm still progressing anyway but small small, we go dey alright.

kozmicity:
Nah
I think I've gotten smart enough to stay out of the market when I'm unsure. Market psychology na the real deal

Two months ago, I might've said fvck it, it's demo

I have maintained this thought since I first arrived here.
15th of July will make it one year since I opened the first $200 demo account to see how fast I'd blow it.

January, I blew the account but i carried the lessons with me and incorporated them into a new $100 demo account in late February Abi march sef and the $100 account is currently $500 and another $200 demo account is $300+

What is all this epistle?
Put in emotions into a demo account and you'll see how fast you'll learn.

WAGMI

charly20:
I'll go long on EA at tomorrow's open.

400+ pips at least to the next swing high.
At the same time,a short position may not be bad for AU.

Progress so far. Though AU shorts will be short-lived (no pun intended )..... EA,I'll hold longer.

Kaesyrn:
If I'm not stopped at break even, we'll ride it all the way tomorrow

Line charts are fire