Donvic4u:


So what do you look out for before ENTERING atrade?

What I meant by I don't trade candlestick patterns is that I don't use shooting star, marabozu, pinbar, doji etc to decide a trade.

Donvic4u:


What do you trade??

Smart Money.

samfelly:
Greatestmanever, Haryodehjia, Charly20 Zonall, Copyjoe, Piptocoin, Donvic4u, Elliotwaveforec and every other persons I couldn't mention, how do you guys trade Inside Bar, pls?

Check M5 on Gold. One forming already.

I no longer trade candlesticks or chart patterns.

Capital preservation over profit.

Consistent profit is better than one-time profit.

samfelly:
When you trade GOLD! you hold your heart in your mouth, because Shit Always Happen

Account almost got wiped! because I went in too early

The reason GabsonFX will never blow his account or have issues that we have now is because he's a Professional Trader.

Their strategy is just part of the equation.

If you have the privilege to interact with consistently profitable traders, you'll see them preaching about risk management every time.

It's key in trading.

In my early days on this forum, boss Infofirst and GabsonFX always talked about Risk Management.

I didn't know how important it was then.

Now, I know.

It's about consistency and not being controlled emotionally by the market.

You have to control yourself.

You are the number one problem you'll have in the market.

Selah.

P.S. Prop firms are very strict with Risk Management.

infofirst:


Mff is cheaper. Plus you get unlimited retake. If you are loaded, and funds is not an issue. Yes ftmo.

Exactly.

My target next year is MFF.

Then I can switch to FTMO.

I'm practicing with FTMO. Since the criteria for their free trial will give me an edge to pass that of MFF.

Re-entered GJ.

CopyJoe:
EJ

https://www.tradingview.com/x/OJjsyu4s/

So hit on both trades.

charly20:



You scalp now?

I don't. I trade my edge.

EJ

https://www.tradingview.com/x/OJjsyu4s/

GJ

https://www.tradingview.com/x/CSm4VaW8/

infofirst:
By God grace, I will center our competition/ contest prize around sponsorship for prop firm account starting mid or end of January. Make holiday mode clear first.

zonall:


Congrats boss....many more wins...keep grinding!

...not to second guess you boss, but, just take a second closer look at whether you want to remain bullish {D1 & W1 wise} on XAUUSD {from a kind heart}...I think bearish from 1788 to 1747, maybe, 1722.

...I might be wrong though...a learning curve for me. I will learn a thing or two from your re-analysis.

....cheers....

It depends on the TF he's playing.

And when his strategy tells him to get in or get out.

Donvic4u:
After two failed attempts..


Finally we are here...

Thank God!!!!!!!!

We have moved!!!!!!

Congratulations, sir.

More wins.

We go soon join you.

This is a faceless forum. Free for everyone to say what they think or know.

Take the one that you like and discard the rest.

No time for arguments.

We are here to make money from forex trading.

charly20:



Thank you.
It's an honor.






Accept that it will cost you time, be ready to pay the price (time) then the journey becomes an interesting one.

Be true to yourself.
If you're lacking in these, I don't think sleeping on YouTube, having hundreds of mentors, reading every trading course there is, etc would yield any good fruit.


I hope I made sense sha

It won't yield any good fruit.

I will never recommend Babypips and YouTube videos to newbies again.

I'll rather advise them to find someone that will teach them. Someone with a track record.

That is ready to mentor and guide them.

MONEY247:



Brother or sister...
As you entered this journey.... to shorten the learning process and story of I blew my account, this and that.... follow a mentor......

Find someone that would put you through...
and also Remember don't watch too many different traders video.. stick to one...
Also find or develope...a strategy..

For example..l.. there is no trading strategy I don't know.....(I can beat me chest saying this) but I was looking for the holy grail.. which I never saw.... this was because I had no mentor

I stucked with trend trading....and trading one pair.....
since Monday I have only traded four times.... and I am in profits......

Forex is a good thing... treat it like a business......
Study,study and study......

Also Don't be deceived by those profits you see on YouTube.... they only show you profits
Believe me when I say I joined most telegram signals providing group....( Some were doing well at sometime)
I even used EA.... but...

Stay with a strategy.... and you would become profitable in no time...

Keep grinding....see you at the top....

This is the Holy Grail my friend.

You said the truth, sir.

Find a mentor that's a trackable record. And stick with him or her.

And he or she is dedicated to see you grow.

To shorten your learning curve.

You need someone to hold your hand firmly.

And you have to give it your all.

You can't put one leg into forex. It requires all of you.

samfelly:


With all sincerity, YES!

It's a recipe for disaster.

Risk management is very key in this business.

It will sustain you for years.

Some people are good with their strategy but poor with risk management.

And that makes them a failure.

They make money today and lose everything tomorrow.

My advice is to learn risk management and be very strict with it.

The market will always present opportunities to make money.

It's something that I was lacking.

Trade idea for the week.

Eyes on EU and AU.

Risk to Reward

Tp 1 1:3

CopyJoe:


Buying Gold at 1783

Stop loss at 1778

@Fxwarrior

Gold came back but I deleted the buy limit.

I'll look for an entry on the lower timeframe.

Let's see how things go.

I have a bullish bias on Gold in the next few days.

Gabsonfx

Day and night I study hard because you have shown us that it's possible.

Keep winning boss.

Fxwarrior:
Gold Trade

Buy gold at 1790
Stoploss 1780

Target 1840

This trade would be exited next week.

Happy weekend.

Buying Gold at 1783

Stop loss at 1778

charly20:


Month 5 is almost coming to a close....

I have broken even. Looking to close the year with +ve gains.

Life of a newbie.... Phew






I think gold is about to take a big dip

I am happy for you bro.

Really happy.

We will definitely succeed in this business.

No more analysis with my phone.

It's not the best.

charly20:


Abeg,no whine me boss






We just made it to the 95 price.


Time and price

I still dey learn. I never sabi anything.

CopyJoe:
Just opened a $200 demo account.

Learning continues. I go hack this thing called Forex one day.

Gold and AU only.

Gold and EU.

Not AU.

charly20:
Now I understand why we have to take breaks in between losses.

school exams has kept me from sharing my thoughts on charts. Now I just check my running trades and continue with the books.

I'm still confident in my abilities.
I'm recovering from -$80..... Phew
Discipline is the holy grail abeg

And I'm finally improving in position scaling.

Nice one boss.

I know say one day I go be like you.

GabsonFX:
What I'm about to write is what I have wished to discuss with this precious house a long time, something kept on telling me: it's not time, but ehhh your write up made me to write it finally.

I will go a step further from the angle you are looking at it: they trade that way, and get those results because no one can hold them for it, if they blow the account. They will never trade live cos now they have something to protect or they go crazy. Do you think they will trade live like that? Mba. Because the account is huge, $10K and it's not theirs, they throw risk/money management out through the window but when it's time to go live with their own money, they go $50, $100; do you think they will do same?

Now, let's come to reality: I trade with prop firms, I'm established with them. Look at FTMO youtube testimonial videos, you will see many making $30K profit, wow! $66K profit, wow! but please do a good research on this: You will NOT find, or hardly find one person with 2 testimonial videos making almost same huge profit, you will hardly find a comeback video with same huge amount.....WHY? Is it not to buy and sell? I can buy this month and win but buy next month and lost.

How can you make $30K profit in $100,000 account in one month and want to repeat the same without throwing risk/money management out of the window. I'm super sure they got caught up by the maximum daily loss, that is the killer, then they lost the prop account. now, because you want an interview from FTMO and it's not your hard earned money, it's prop. When I listen to their interviews of someone making that huge profit $$66000, and they are asked the question: how long have you been trading: you mostly hear 1year ago....I just stop the video immediately.

Cos with my vast experience in this field, I know you will not return with another profit testimonial video. My take is: just neglect those you see doing this, I see it as vague, they don't last. These testimonies like the huge profit you see on hantec or prop firm videos are there to sway you away or distract you....stay focused.

Perfect!

lekinz18:


Thought u have graduated to a live account....is there any challenge

I have to test my strategy with demo account before going live again.

Just opened a $200 demo account.

Learning continues. I go hack this thing called Forex one day.

Gold and AU only.

CopyJoe:


I expect a strong buy in the next 1-2 months.

Money is up there.

I didn't stay put with my analysis.

This is something I am still learning.

Patience and discipline.

GabsonFX:
I'm much delighted to see how much I inspire you guys, I try to take everyone to a different level of FX trading; I read all your posts/comments when you quote me, I may not reply all but sure know I try my best to reply all and I appreciate them.

While inspiring and motivating with real-time success stories, I also try as much to finance few within my little capacity. If you know me well from time I joined FTA about 6yrs ago, what I dislike is faking it and scam.

I used to put big money (5 figurses) with brokers for many years but in March 2021, I challenged myself and pronounced it loud to my family member that: This year is my year of breakthrough, I want to manage $400K before December end....now I see it happening...no more putting 5 figures sitting in a broker's pot.

Set a reasonable goal! have a working plan to achieve it! work the plan!

Attached is the profit: US$5,751 I made today from the fresh $100K account received last week Friday after the Friday withdrawal. I think I will stop trading and bring forward my withdrawal date from Dec 6th to November 20th.

Congratulations boss.

I know say one day I go be like you.