₦airaland Forum

Calm down guys, we're here to beat the Markets. Remember?

alphaNomega:
THIS THREAD HAS OFFICIALLY DOUBLED THE NUMBER OF PAGES FROM THE PREVIOUS EDITION

Good.
The quality of information exchanged this season is top notch, and more peaceful compared to previous seasons if you ask me, excluding the occasional troll etc

The revelations on this thread today no be here.
I have to reiterate this, money management is key in this business.

Difference between a reckless trader and a pro trader.

A reckless trader does not care about his value at risk (VaR) and simply jumps into a "sure" trade head-on and crashes his account.

Meanwhile, the pro trader did his position sizing properly and took 5 trades with one small win, two big wins, a break even, and a small loss, but still ended the month PROFITABLY

My own contribution.

Edd1e:
I think so, It shows as real on mt4 and if so, could be published to myfxbook and other publishing stats site. I have heard stories of people manipulating myfxbook stats too and I think this is part.
What you can do is to at least check if those myfxbook published accounts are using a regulated broker and not those fishy brokers where you can easily buy servers from.

Thank you, thats the way to go henceforth. Only accounts with top brokers

Edd1e:
These accounts show as “Real” when you swipe right (they usually do this on the videos they show).
It’s all but impossible to tell these accounts are fake.

There are servers you can buy access too. Once on the server you can create an account with the broker of your choice and fund it with any amount. You can place any trades you want (going back and selling the high or buying the low at any size). You can put through withdrawals

But the part that surprised me the most?
The server is searchable by name and all the big educators have a fake account on there.
1) MT4 accounts can be faked very easily.
2) The “Real” badge means nothing.
3) The sheer number of accounts on the server shows HUGE numbers of people have fake accounts.

Copied: Tom Dante's words

Boss, can such accounts be linked to myfxbook and FF trade explorer? If so then one has to be even more suspicious

currentprice:
Lol... see what 5pm just did

Na you be confam oyel chairman

Don't feed the troll please
Let's focus on the trades. I'm long NU off that previous candle on H4.

bojbest:

Glad to see @realDonaldTrump is supporting Cannonball. Thank you Mr. President! 😂😂😂 @POTUS #cannonball pic.twitter.com/JR2Dl5vmgK

— MT (@MonacoTrader) September 6, 2019

/video/1

Nothing will happen again. Most traders went for a charity event. Our dear trump is there. Besides the numbers are good 130k jobs were provided last month.





.
Till next week.

Lol.
Can't you see that Guy is not Trump? He's an actor wearing a facemask.
It's all good anyway.

alphaNomega:
Why do I have this feeling NFP will be very dry today.

You're right on point. But Fed chairman, Powell's speech later today should be the real deal.
You know he loves to toe a different line from Trump

nennin:
hi bro please how far is enfoid have you finished your assignment?

Mesh pips is the one doing their assessment.

Good afternoon gentlemen. What say you?

^^^^ True words

PJAMES1:
When did you enter a short position?

I entered way too early, Infact multiple times. But then, I held the positions because I had other reasons to believe NZD will strengthen significantly. Now all the positions are in profit. For EURNZD, there could be some retracement though before the pair continues south.
NZD still looking strong.

Again, we are to trade responsibly. We only speculate. We don't decide for the markets
If things change, we will have to adjust.

I got in that very night after that initial post, got stopped out too. Then did a 'set and forget' 2nd trade with a wide stop, RR of just 1 to 1 plus commission.

coolvibes:
EurNzd was called by fe mora, p James and some other members in the last few weeks..

The pair has made a retest of the resistance, which seems to be holding out well. Looking good for a sell after the daily candlestick close.

This turned out nicely. Still has the potential for more movement downside.

meshpips:
www.enfoid.com

Thank you.

meshpips:
I think it depends on the "control" environment. I'm currently undergoing assessment with a prop firm. Maximum draw down daily should not exceed 5%.

I have maintained far less than 2% draw down and have made over 10% profit taking 17 trades.

Good job,
What firm is that Mesh?

2ndly you didn't complete your volume discussion with us man.

ufotty2001:
Please can u help me with the link to pjames so that I can follow him

https://www.nairaland.com/pJames1

You can check the charts

EurNzd was called by femora, pJames and some other members in the last few weeks..

The pair has made a retest of the resistance, which seems to be holding out well. Looking good for a sell after the daily candlestick close.

currentprice:
my fellow currency traders, how is the mkt?

Fine Boss

meshpips:
I can share the levels if anyone cares to try them out.

Please do. Seems like the anti spam bot blocked your last posts.

redsox11:
Tempting... Yes I'm sure a lot of us can benefit from your levels. If you share here.

Pps: I wonder why peeps are not asking you questions or they don't see the value, just maybe we have got more long term traders here.

Yeah we're interested
@meshpips can you please shed more light on this?
Where do you get your volume reading from? Normal Mt4 data?

coolvibes:
Buying Gold. Mean reversion trade. #Demo Account

My Lessons from this trade:
1. always use at least a medium sized stop loss for gold, oil etc
2. be patient for the most optimal price action entry

I broke Those rules cause I thought price was gonna leave without making a retest of support

Buying Gold. Mean reversion trade. #Demo Account

redsox11:
[color=#990000]My new baby..

Ps: Sorry guys for spamming the thread, I'll slow it down now.

You are not spamming Boss, keep it up.

Shevychen2:
Another interesting post https://healthyforex.com/pros-and-cons-pamm-vs-copy-trading-vs-darwinex-darwins/

In fact just bookmark that site and check periodically if you are interested in the investment angle to forex trading.

Thanks again for all this info boss.

I think all this disruptions is coming from the fundamental news.

God forbid bad thing

currentprice:
for oyel traders, it time to SELL Oyel . oyel at important resistance levels.

don't afraid to sell now with atleat 100pips SL

Boss

Oil looks set to make even more higher levels this week.