₦airaland Forum

Animashaun2, I hope you are doing great? Been quite a long while.

Geovanni412:
This is Monday

Abeg no vawulence this week...

@danator, even if it's 15 years, who cares?

Some book authors you dey hail as chairman and baba nla did not make any money from trading for 10 years... (Al Brooks)

Away from trading, it took DMX over 10 years of struggling before he got his first record deal in 1997.

It took Eminem 8 years of grinding in the underground before he got his first big break with Dr.Dre

You don't know his problems and his peculiar situation, so who are you to judge that he hasn't made any progress in .x number of years?

Links:
https://www.brookstradingcourse.com/ask-al/profitable-trading-skills/
(Section on musical career) - https://en.m.wikipedia.org/wiki/DMX
https://en.m.wikipedia.org/wiki/Eminem

I am replying you because I perceive a misconstrual here. My mention of his trading years was deliberate, not meant as an abuse, but to remind him.15 years of trading and nothing to show for it but pride and arrogance. That for me is a call for introspection. How can someone who is struggling to get his break as you put it, be proud and boastful at the same time? Proud of what exactly? His pride and arrogance is his bane.

And yes, I saw his withdrawal, and I even congratulated him. And I have criticized him too, for that rather unnecessary comment from one who is actively seeking redemption on this thread.

meshpips:
The questions above reveal a tiny little secret that most retail traders never meditate on.
Those periods of "consolidation" (more correctly put ACCUMULATION/DISTRIBUTION) are the very foundation upon which "trends" (more correctly put MARK UP/DOWN) are built.

Institutions (hedge funds, banks etc), by reason of the size they trade CANNOT enter their positions at a go (in one trade) like us retail traders. Think about dropping Olumo rock in bar beach from a height. What will happen to Lagos state?
That's the kinda price shock we will see in the market if any institution dare to enter all its position in a single trade.

Now we have established that they CANNOT (or aren't permitted to) do so lest we see a catastrophe in the market. How then CAN institutions enter their positions?

ACCUMULATION/DISTRIBUTION
Here, they carefully layer their positions, keeping price within a tight range. This campaign can go on for days/weeks/months depending on the size of trade they are "offloading". This period is like the gestation period before the "trend" is birthed.
Once done with the careful layering, price breaks outta the range in a very strong, momentum driven move which is called the MARK UP/DOWN. For accumulation, we will see a mark UP while we see a mark DOWN for distribution.

VIA LIQUIDITY RAIDS
This is the second option open to institutions with which they get into trades. Here, they capitalize on FEAR which most traders experience around high impact economic data release. Immediately the data is released, they will first drive price in the direction OPPOSITE their intended one thereby taking out the stop loss of the "weak holders". While at it, maybe a liquidity raid to the UPSIDE, they are entering their own SELL positions. Within a few minutes, the whole pseudo move to the upside will be corrected, weak holders kicked out, institutions having entered a good percentage (if not all) of their intended size and the SELL move just goes without any form of drag, like a hot knife through butter.

Your comment "especially if NEWS is around the corner" clearly shows how the HERD have been conditioned to think - FEAR around economic release time. Whilst the big boys are strategically getting into their own positions, retailers are too scared to play that high octane game and sit out the move, completely missing outta the action.

Abeg I am revealing too much to people wey nor sabi respect person
Bye bye.

Here you go again. Just typical. 🤦🏻‍♂️
The bolded was not necessary at all.
Can you not just drop your submissions without a display of pride and arrogance? Why not wait until at least you have something tangible to show off for your over 15 years trading experience? Maybe then, you can talk about respect? If you want to be respected, you have to imbibe the trait of humility.

Elliotwaveforec:
Omo yahooboys don full this thread o, see format. Fundamental analyst wey dey say BOJ dey tackle inflation, chai!

While you did right in correcting him, the name-calling is uncalled for. He clearly stated he has zero intention to sell anything. I know say this thread get zero tolerance for scam tendency, but you jumped on him too early.

Feshizzy:
How do i feel this is not the real gabson

This particular one lacks etiquette

I couldn't agree less Fesh. The thing just dey hard to grasp. From the first time that moniker popped up, and I noticed the mannerism is quite different to the one I know. So I just keep my reservation. If na him truly, mehn, ppl dey change oh. But this one extreme gan. I no expect am at all.

meshpips:
Account stayed in read only mode since market opened this week.

Payout has finally been processed. The subsequent ones will be in my name.

Nice one. Keep it up. 👍

dmahn:
@boss Meshpips. I hope you are not adding to lossing positions on UJ .....

Or yesterday's US30 call .

[quote author=Jameselias post=126053988][/quote]Distinguished pls off your mic.

Elliotwaveforec:
He shorted Us30, you longed it; check the asset now and count the pips my Oga has killed today.

400 pips running

This is exactly my thought too. The US30 call came right through. Definitely has to be a joke.

Infofirst na man you be. See as you dey put smile for dem traders faces. God bless you real good.

Big-ups to supremefx and Maven, for bringing this to the community. And congratulations to all the winners.

GabsonFX2:
Gold and Silver did this.....addition to portfolio $100K account

Congrats. Weldone.

karkinase:
Gold melt for me just this one last time..🙏 be a Good Boy

I thought she is a girl

FXcandles:
Yedterday oil price hit the high 81.66 but eventually back and cross middle band line and hit low 79.91. Seems oil prices consolidating near the MA line. The US now still becomes the first country with highest consumption with 19.140.000 bpd, then China 14.295.000 bpd based report if Oilprice according data 2022.

Weldone for the consistent updates.

Geovanni412:
No idea why it rejected it , Chief

I have never used access dollar card before

Walk into any UBA branch and fill the necessary details to get your dollar card same day

Then fund it.

In other news, I noticed that the CBN notice that you can buy things with naira card does not apply to Google play.

Tried buying sth of 700 naira on play store and I no work

Try verve card

@Animashaun2....Hw u dey? Quite a while.

infofirst:
How I wished I can remove maturity and give you home run. I don't want to write what I would have loved not to write.
Appeal noted. But please, stop scamming people in whatever form.
If city life no pay you. Kindly move to the village and enjoy natural environment.
If you cannot help them, stop scamming them.
Stop scamming them. I am surprised you are doing all these. I am highly surprised. Mehn.. You no get iota of shame and you are bold no b small. Or am I dreaming.

Please someone should tell me all these scam from meshpips is a dream. Mehn. Meshpips. You are wicked and desperate to survive at expense of unsuspecting fellow.

BinaryRocks:
Na the Bible wey him dey bring dey make me laugh like this.

@meshpips
Just for sharing an information, you wanted to collect #5k then.

You even went as far as backing your action with scriptural verse from the Bible.

Man, you no dey shame?

Nawa you o.

I don laff taya...
This man don show again.
Person wey get wife and children to feed no dey shame oh.

@kendoschurrle, your friend don show oh.

Seriously, his problem has always been and is clearly pride. A rather baseless pride at that. Obviously he needs help but his pride keeps getting in his way. Always offering to give people what you dont have (for a token of course ). This is beginning to look like it is pathological.

PIPSMARSHALL:
This fx get as e b.
News or no news market fit do anything anytime.
Pump and dump on gold without news.

PNL just dey dagger anyhow. I just dey imagine if no b dis yeye propfirm demo, if na real money, where I wan see d money back?
Lol. The patience to await confirmation is what I'm learning. Taking unnecessary loss is dangerous to my trading career.

Mehn... Na SL save me oh... I had to check again. There was no news.

samfelly:
Boss, I don't know of any o. I just hope Fxblue teams are aware, as well. Lets keep fingers crossed and continue trading. We will make do with TFT dashboard of every traders who passed

Sam, I believe TFT may have blocked FXblue from syncing and accessing data on the MT5 accounts. Can you try contacting TFT help desk with an enquiry regarding the use of a trade explorer? And also request for investor password for the competition account.

haryodehjia:
I need clarification on this pls house, The images is from Tft and fundednext.
The variation in profit loss between the Fundednext and TFT shocking. And almost same entry
The first image is Tft while the second image is fundednexr
Pls How is this possible?

Thus is due to the difference in the contract sizes for both accounts.

For TFT, 1 standard lot contains 1 contract.
For funded next, 1 standard lot contains 10 contracts for the index you traded. You should check the instrument to confirm the contract size before placing a trade to avoid over-risking inadvertently.

@Rainlover and @Kaybee7000.

Abeg make una allow incredibleguy be. The most we should do is to caution him about his risk management, which I believe has been done already. Make we no criticize am. Make he no dey discouraged from posting here. Let the market be the critique.

PrinceofWallstr:
Hey Traders , as I promised to show some love to the community, I wanted to surprise some set of traders but some reached out that I should hold a competition. I should have done this on Easter like I promised but I was grieved, I lost ma pretty daughter. May God grant her enternal rest.. I choose Samfelly as the organizer, the name of the competition will be " For the love of Karien"...
First position- $50k mff evaluation challenge and 5k MTN sub.

2nd place - $10k Mff evaluation challenge with 10k MTN sub.

3rd place -5k MFF ...

Samfelly I will reach out to you by second week of May.

My condolences to you for your loss.

charly20:

I saw what you did there!
Bullet to foot.

PraiseGod4u:
for a limited time only

bespokefundingprogram is giving away 25k challenge accounts.

goto their website, try to login and you will see a spin to win wheel.

input your twitter username and email.
you might be lucky too

Thanks for sharing.

samfelly:
My good pipo of FTA, this is what I want us all to do, please.

There is this new Prop Firm launching. And they have a contest, called, Invite Contest. This how the Invite Contest works. If I invite a 100 person to their Discord channel, I get a $100K Free Challenge Account.

And this is what I want us all to do. Let 100, or more, of us here use my invite link and grab the $100K Account and trade (everyone of us) it till Cashout and Share every Dollar Equally - this I can swear I'll do without Cheating any Dick or Harry.

Here is the Invite link, below

https://discord./RZraMtrV

The Invite Contest will expire by April 1st. Please, lets do dis together, As One Big Family. AND WE WILL TRADE THE ACCOUNT TOGETHER, carefully

Hey Sam, nairaland truncated your link.
Here: https://discord.g g/RZraMtrV

Remove the space in the link.

Happy new year everyone. Officially signing in to the 2023 FTA thread. Many more wins this year. Cheers!

samfelly:
Danator, sponsor dey cry wey the fourth prize winner?! Shoo, you no need the prop firm account again? Abi, you want make the prize dey grow interest while with the sponsor? . Abeg o, reply ur mail, boss

I don reply you. Check your mail abeg.

BinaryRocks:
Weldone Boss

Thanks bro. You did quite well. Kudos.

samfelly:
We have eventually come to the end of the contest. I thank all the participants and I believe you all had your fill? . As for me, I no get any fill, at all . No qualms, we move.

Please, first, second, third, and fourth winners, kindly drop your ftmo login details and Investor's password here (quote this write-up), along with your ftmo metriX link. Thank you.

Another good news, there will be another contest by January. It will be called The Freedom Contest. Yes, I choose to call it the freedom contest, cos there will be no rules in this contest as to how you should trade your account - if you like take 10 lot size entry, e no go concern me or anybody . Just two (2) winners with the highest equity - this time around, Animashaun2 will be sponsoring it . Date will be revealed later on

Good morning Sam. Compliments of the season.
Thanks to you, the sponsors and organizers of the competition for the opportunity.

Details are below for your perusal.

ID: 2101837182
Investor password: XRH88FT
Platform: MT4

Metrix: https://trader.ftmo.com/metrix?share=86c652d5ed4d&lang=en

Guys wey dey TFF competition. Hope its going well. Slow and steady wins the race, they say.
I observed something about the guy currently in first position. He or she has taken over 1500 trades! Thats a lot of trades mehn. And the average duration of per trade is from less than 5 secs to about 4 Mins. Which is obviously microscalping/HFT for majority of the trades, and only possible with the use of an EA. Win rate is over 70%. I cannot confirm the average return per trade but already, they are sitting pretty at a tidy 42.26% cumulative return, which is very impressive if you ask me. I strongly feel this is only possible because it is demo. On a live account with spread and slippage, the story will probably be different, The EA will not do so well. I just imagine how profitable this can be on the long run.

Dave50:
Wait this BOJ intervention did it reflect on forex factory Or just an undercover move to take traders by surprise

Not really, BOJ will not tell you when they intervene in the market. However, they cannot hide their fingerprints when they do intervene.
The yen has been suffering so much from the strong dollar, due to their reluctantance to raise interest rates. The finance minister has been in the news, threatening speculators for causing the fall of the Yen.

BOJ intervention causing madness in the market.

realone12:
who knows, maybe he finally succeeded in securing a prop funded account after so many failures.. and he decide to japa from this thread.

Maybe. But the Kingpipmarshall I know would have made a proud exhibition of it here.