₦airaland Forum

CopyJoe:
USOIL

The lotsize calculation is different from that of currency pairs.

Aha... That one, I thought so. I checked through currency pairs and I couldn't find any results that made sense.

I for say

GabsonFX:
I'm getting very crazy with FX, I know......I want to reduce my craziness

118 trades in just 4 days, craze of highest order

I'm only thinking how those lot sizes produced such little rewards or I'm missing something

samfelly:
After a decade? Are also implying that #$14ADay is big or small? . I am now confused

When I speak of evaluating after a decade, I speak for myself.

If you think what you can achieve what you're saying, by all means go ahead. Whether it's big or small is not up to me to determine. That's why the market is there.

I'll know if progress has been made after a decade.

I don't know the source of your motivation, Mr.sam but I can only wish you Godspeed.

There's always time

abham:
On the H4 chart, the smaller rectangle is a poi on that TF right?

Yes

On the weekly TF, I see that price just filled an imbalance and is returning south yea.

Yes. Actually, I think the point from where we had the "failed swing high" was a hidden supply window in the weekly time frame and is clearly seen on D1 and lower.

And on the M15, there should be a setup for taking shorts once it returns to the poi on the H4.

Well,with me since all the requirements have been met,I just go in "aggressive"

So in general term, i think the way I’ll understand it is the macro structure would be weekly and daily while the micro structure is H4 below.

Yes.M15 just points out that there's most likely going to be a "power of 3" movement. (AMD)

I also recalled that I’ve seen this Micro and Marco structure explanation in a book I once read, hopefully I’ll go back to my library.

I think the setup is mostly narrated as SMS+BMS+RTO

The weekly psychological support let’s wait to see if it fails then.

Modest exit will be at the support.
Thanks.

https://www.tradingview.com/x/1zfLPu3G (M15)
https://www.tradingview.com/x/zJvW9fq8 (H4)
https://www.tradingview.com/x/8OPJr7UV (Daily)
https://www.tradingview.com/x/Yitosp5w (Weekly)


Cc abham.
PS: seeing price action in the micro and D1, PA in weekly may go below 77.

I'm only shorting any jpy pairs till year's end.

abham:
The Macro and micro structure shift got me confused.
Any link to read up?

I wish there was. This is my understanding of jpy pairs since I engaged in their study since the past year.

I could draw up a chart markup tomorrow so you could see it too.

abham:
Short on the long term. My target for AudJpy would be 78.779 hopefully it gets there though at the moment no shift in structure or maybe I’ve not noticed. Still training me eyes.

Yes. My eyes see such target at 78. I guess that's why I believe the 5% target can be achieved before the time runs out. With all the red news next week, I'm banking on them to be the needed catalysts.

For CADJPY, 200 pips could be attainable. GJ refused to approach 155.450 and has reversed. Everything is set in order and i think it's time to party RED

CopyJoe:
Yes. I'll wait patiently to get in at the right price.

I am short on the long term. February may deceive with a buy. Let's see how it goes.

I'm afraid February may just start off with that red impulse. You know, that long impulse that almost always comes after an "evening star" or whatever it's called (I don't really care )

abham:
Baba, you sef dey watch this AudJpy, I’ve been staring at my screen since 2pm waiting for liquidty to be taken below and push up intraday.

From the M15 swing, price dey Discount and some small confirmations.

The last jpy pair waiting on the list before it begins to rain red is GJ. That trade I left for my practicing demo.

Market structure has shifted both macro and micro.
I hope I'm right anyway.

Hopefully next week gives us our 5%.

From my current position, I'll need about 400-500 pips to make it before 6/02/2022.

infofirst:
Ameen o. I am expecting you too o. You and @copyjoe

Trust me, boss. I've never worked harder.
This is completely in line with my plans for this year and I know I have to make it work

I don search for entry tire .

There is still time.
May the market continue to give us blue records.
@Amolak, Sail on sir... You're the first of more to come.

Feshizzy:
Why una dey quick give up like this soo...
It's just day 2,
Like there's still 6 trading days left.

Alot can still happen.

It is not for the weak

I don't believe the market is random.

Taking GJ and USDCAD as case study, I'm pretty much convinced it is not.

infofirst:
https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1531&rx=1642874829902

Here we go. Best wishes.

I don't know how easy it would be to open another FTMO trial account (at least for me) as the previous one is yet to expire. Expiration date is 24/01/2022.

What would you suggest, chief ?

Attached;

KingPipmarshall:
You didn't get to the finish line bro, try next time. I got there and wasn't recognised for the effort. If it was easy, everyone should have hit the winning criteria Don't hate on your leader.

1. There's no point hating anybody.

2. I'll try next time, you should too.

3. You were recognized. Ingratitude is it's own crime.

4. OR if you think it's not worth it since "you were not recognized for the effort" , don't join the next trials.

@pipMarshall and @femora and @charly20 are sighted and noted. Your efforts will not go in vain. Things are in the pipeline for you too but we need to see some consistency moving forward.

Its a loving community, enjoy it.
Peace ✌️

Feshizzy:
Hehehe,
Fund manager don turn lawyer.
Wahala

It's the entitlement for me. A whole fund manager

Its both funny and silly .
If recognition as winner meant so much, why not just work harder next time to be the the no.1 person?

"You should have added me amongst winners. Prizes are for the first three winners, I came fourth."


Na wa.

abham:
I always dey look out for you on the leaderboard. I’m happy you made it up there to get recognition.

Thank you for the encouragement.

infofirst:
And the contest has ended and complete.
@Amolak will be sponsored for the $10k and #10k for data.
@hayordeji will get #10k and be in wait list to be sponsored for $10k
@lucab will get #10k and be in wait list for $10k sponsorship
Both need to be in wait list so I can see the progress of @Amolak.
All three should reach out to me to claim their prizes.
@pipMarshall and @femora and @charly20 are sighted and noted. Your efforts will not go in vain. Things are in the pipeline for you too but we need to see some consistency moving forward.

Congratulations to us all. Every participant is a winner.
Next contest starts on sunday night. Watch out for the link and most importantly ensure you read the rules before joining. Might do some slight modifications based on observations in the last contest.


Thank you all for participating and the maturity.

Thank you, boss.
I'll do better next time.


Modified:
With this, I'll say;

Month 1: completed
Target : Not achieved.

Account was not lost (good sign). Adjustments will be made for the subsequent months.

Really lazy market conditions. We have to be equally fluid.

FreshGuy2:
USDCAD n CADJPY do my small account strong thing last night. $100 to $45... I hope I'm able to bounce back again today.

Morning y'all

These two are negatively correlated. Whenever I take a position on GJ, I always look for the opposite on USDCAD.

Trade safe, good man.

Kaybee7000:
Nearlly all JPY pairs are at resistance zones and at the sane time making double top reversal pattern on 15min TF,I am gona shorting all most especially (CJ,CJ,EJ and GP)

This dump could be the beginning of the bear season on this pairs (GJ my traded pair as example)

Look at the cycle since October and the wyckoff redistribution (if you're familiar with the idea) on the monthly TF.

Likely a long way down from 157.

KingPipmarshall:
I'm short.

Take a look at this week's closing candle. Its about to close higher than last week's.

My chart tells me a bullish story.

saintfaculty:
EurAUD heading for TP.... great call

I have a very long term view on this pair.
For all I know, it may trade higher than 1.60 in the coming months.

charly20:
Modified:
A few lessons I've learned and I'll share.

Because I heard indices moved like "demons" I left the pairs I have studied and chased after our beloved "beasts" till dey whooped me several times over. I'm lucky to have used tight RM.
I may still trade them but now not out of inexperience


GJ may yet save my head this time.
Stick to what you know

amolak:
I don't sure these people are trading because you can't be monitoring your trading and at the same time have the energy to exchange words with anybody. U na dey try o

I've been hoping to see your chart markups, Mr. Amolak.
You always come out top in the contests. Maybe we could learn from how you view the market, don't you think?

I don't usually look at the leaderboard during competition to avoid pressuring myself but just looked at it and I'm wondering how literally everyone has been disqualified
And the ones who remain and are still active are just a handful.


Omo

Modified:
A few lessons I've learned and I'll share.

GreatestManEver:
so you think one can’t read a good forex course for a month e.g astrofx course and use the remaining three month for demo trading and intense back testing . Then go live to the real world and face the real consistency test . In two years like I said he’d be good .Everybodys journey is different hommie
N.B I’m not saying he’d be good in four months,I said in four months he’d achieve the basics to go into the real world.

Well, I won't claim I know anything as I'm equally new but I assume you must be speaking from experience otherwise......

GreatestManEver:
you can use like half of the money to just get a proper mentorship for like four or five months with intense forward testing on a demo and backtesting(you’ll need to pay like 14.95$ per month on an app called tradingview for those months for the backtesting) then when you’re done you can go live with 150k. Use the renaming (100k) to enjoy yourself in whatever way you want,trust me it’ll help your psychology better
Give yourself two years through this process then you’ll come back here and thank me. Best of God OG

Please, help him.

What you've given is not help. Who learns to trade in 4/5 months? (Even with all the intensity,it's just not possible)

If anything, it takes at least one year to find your edge and a working strategy to backtest and forward test in the next year or few years later before going live.

Stay true to yourself @Tipster07. This is a marathon, submit to time and LEARN.
We are here for you
Welcome to the community!

samfelly:


Charly20, make we try dey compare performance o

Of course, I am. As it is even if I met the requirements to be a beneficiary for prop trading at this point, I may just ask the sponsor to give it to capable hands. The opportunity would surely be a big step for me but will I keep it up?

Why rush, eh?
Still plenty of learning to do.
Godspeed, Mr. Sam

Donvic4u:

Just a harmless question

The way you guys are trading your competition account, will you honestly tade a real evaluation account the same way?
Ask yourself that question..

Good luck to all participants

For me? Yes.
I can't be lying to meself if I want to grow.