Leckney:




Lolz don't mind Davigle,I knew he might be trapped when he was saying when he sees CPI result ,e go know the next move

Yes indeed I was trapped, shorted both us100 and US30 and price drop about 100 pips plus from my Entry, I was thinking that I have finally won the battle only for me to check now that price did a complete 360 and took out both stoploss of 100 pips, I have received the beating of today till tomorrow guys, make I go cry silently, this month NFP and CPI were very manipulative

nzechu:
bro apprentice never learn finish

🤣🤣🤣🤣🤣🤣

nzechu:
I no gat your back o, market can do anything it wants o. It's just expectations and probabilities

I refuse to believe that the oracle of witchcraftfx can be chicken hearted.

😂😂😂

I keep thinking what if NFP comes out stronger again tomorrow 🤔? I'm not saying that it will oooo, I only am just wondering what if it does come out stronger....

morning folks
we go again today
NAS100 sell at 17940 SL at 17990
US30 sell at 38620 SL at 38670
I'll update tp once trade is triggered
cheers

Fxwarrior:


Ojukokoro

😂😂😂

Warren Buffett talk say be fearful when others are greedy and be greedy when others are fearful...
abi no be so witchcraftfx

nzechu:
don't give up, look again

Looks like a flaglimit trade. So might sell at the close of this 4h candle

I thought I was wrong on my bias, but now that I check the chart again on the 4h, I see price bearish and ready to drop, so I'll patiently wait for tomorrow before I sell again, I have already been slapped by the market for jumping in too early, but I'm waiting with the patience of a korokodile.

since witchcraftfx gat my back, I'm short US30 and NAS100 tomao. 😁.

Leckney:



Boss don't trade ur view ,trade the current trend

Why u no look for buy setup sir? Any an sorry for choking mouth o

👍

Davigled:
US30 and NAS100 sell at current price with stoploss of 50 pips each

Stops taken, lost 1% today and I am done for today

US30 and NAS100 sell at current price with stoploss of 50 pips each

GabsonFX2:
USOil Long exited after 2 days......Attached is the outcome!

Going on standby on USOil for a day or two

NAS100: Shorting her right now. SL = 18293, TP = Open

Spot-on on the Nas short Bossmi

Today my greed nearly took over after my trade on US100 hit tp, price went down another 200 pips, infact US100 drop 300 pips today while US30 drop 400 pips plus. but I had to hold myself back from taking another trade nor did I allow myself to entertain wishful thinking because that always leads to stupid action. I have also come to realize that maturity in trading comes with experience, a few months ago I would have been so emotional or jittery if I closed a trade too early or even missed out of a trade completely, but now I no longer even bother if I miss a trade, because I just go on to prepare for the next possible trade. Indeed experience is the best teacher one could ever need or ask for. Although I must confess that I still haven't gotten used to seeing a trade move in my anticipated direction only for it to come back and stop me out or a trade hitting my stoploss and then moving to take out my target, I do get tensed when that happens. it's also not easy to sit on your hands and filter out quality trade setups, but that's my goal for the month to take only A plus setups or sit on my hands when I don't have a clear setup or clear bias on price. #tackling impulsive trading

dmahn:


I dey with you boss.. It was really a tough fight ... It looks risk free now

the storm ain't over yet until tomorrows crude oil inventory release by 4.30 pm then we'll know if it's over yet, because US fit spoil show should they released a higher stock or supply of oil in their inventory tomorrow...

VeeVeeMyLuv:

TFT and mffx did not hold competition this month March till next month April.

thanks a lot bossmi, I'll just focus on Fundednext competition then

Hey guys, pls what are the propfirms that are still on metatrader, I installed dxtrader on my phone but I couldn't even access it, I guess maybe it's because of my phone or ram, I don't know. I can't even access TFT, SFT and mffx competition because of the recent migration to dxtrader, it's only Fundednext that is still ont metatrader that I know of.

Davigled:
US100 sell at current price with stoploss at 50 pips, tp 100 pips

What a way to start the week, first trade of the week tp smashed and 1:2 RR locked in on US100, that was fast unfortunately my limit order wasn't triggered on my competition accounts.

US100 sell at current price with stoploss at 50 pips, tp 100 pips

dmahn:


I've done my own research and I've decided to join this call. No one is responsible if SL hit except me

Why art thou tempting me Dmahn 🤔🤩

Jameselias:
GOLD ATH SOON

I don't agree yet until I see NFP on Friday

zedegit:
Una useless government don go ban exness. I been wan deposit but I no fit.
Wicked Tulumbu.

haaaaass, tilumbuuuu oooo

XAUTrader4L2:



One of the fed members spoke on friday and with the economic data, traders are expecting a rate cut soon and start of QE. Powell and NFP are key this week to confirm it though.

Modified: infact all the red news this week.

Touche...

Donsheddy:
E be like say i don become profitable trader... Oya investor's bring funds no time 😂😂

Habaaa, oya as investors dey bring funds, no forget to pay tithe ooo, infact na me go collect ya tithe

I want pay homage by making a shout-out to galleryeasy, charly20, kozmicity, karkinase, rhynoemmie, abham, and co

also not forgetting boss jameselias, hope your doing well bro

Last week I had two possible scenarios on indices and price was inline with one of it. both US100 and US30 clearly found support in the daily BISI before pushing to the upside with US100 taking out buyside liquidity by breaking and closing above the previous week high, meanwhile US30 also did follow suit but it's yet to break the previous week high and there's quite an ample lot of room for it to do that, so I'm crazy bullish on indices with US30 my main focus. Since NFP is on Friday I expect market to be slow or range bound until Friday as market will be anticipating what the data might be, should NFP come out higher, that would be very deadly to gold as it definitely will sink to hades, but indices might be stubborn, but a lower NFP would send all markets on a bull run, as this would mean that the US labour market is beginning to slow down.

Good afternoon fellas, so last week price did not deliver as I had anticipated on the DXY and treasury yields, as bearish sentiment came in strongly at the end of the week. at the moment I am a bit confused and don't have a clear bias on the DXY, so I'll be keenly watching market as it develops. Although the fundamentals has slightly tilted bearish due to PCE data which did not spike up as I had feared but came in line with market expectations, this shows that inflation is on a steady decline in the US, and also poor ISM manufacturing and services data coupled with poor consumer sentiment or spending as indicated by the University of Michigan Consumer Sentiment report, shows that the US economy slowed down, what this simply means that recent economic data has spike up risk on sentiment across risk asset class, especially gold and indices, show NFP data come out lower or disappoint greatly, the market Will definitely go wild on full gear North which will push further the dollar and treasury yields down.

Technically speaking I am bearish on the monthly time frame as price is sitting at a SIBI but the weekly does appear to be in a stalemate, although the looks like price is beginning to favor the downside, I would wait for more confirmation before I am really convinced that it's a bears market... meanwhile I am bearish across treasury yields.

samfelly:

#COPIED

Can Nigeria be understood in this calamitous time, even our own POTUS is confused,

nawao, werey gold did 400 pips today due to poor ISM manufacturing data and disappointing university of Michigan consumer sentiment report.

Damn what a blast, unfortunately currencies were a disappointment tsk tsk tsk

Ibrahimlagosian:
Good afternoon everyone here.

It's been a long time I made a post on this thread.My studies choked up when I proceeded to 200lv , medicine isn't easy but yet, never stopped me from actively engaging in my trading activities.Money must be made in this current era.
I'm also noticing new monikers here.Indeed this shows that the thread is growing as I see 5k pages before the end of the year.gabsonfx,Davigle,samfelly,donsheddy,geedot,lanshile and co, how's the biz going on your side ??

Mallam Ibrahim ya ya ne mutimi na, ya boko da makaranta, ka man ta da mu anan fa, great to have you back bro..

dmahn:


That's why we've been advised here to stay away from all these competitions. Competition will only build the gambler in you and not the ideal trader. You cannot do without overtrading, gambling, fomo and all... Well!! if that's the only means of getting an account, you can keep trying but note that those guys on top of the list are gamblers. You can wait for NFP and cpi set both buy and sell order with max lot on all the giant pairs.. Just one cpi move might get you 25%

actually am not participating in the monthly competition to win an account, I am fully aware that I am not as good as those on the leaderboard. for me I see monthly competitions as my training ground with the hope of becoming better and hence win an account in the long run. I know that once I can achieve consistency in my trading then winning an account or managing live funds becomes easy

GarkiAccessory:

👍👍👍
Boss your us100 is sweet to trade hope you got something out of it yesterday?

i got stopped out at breakeven on US100 but took profit on US30

Good morning fams, and a happy merry new month to you all. today is Friday, and I won't be trading today, I just want to talk about my performance for the month of February, I'd say my performance in the month of February was better than January and this time around, fortunately for me, I did not end up blowing all my profits, but I must confess that I am a bit disappointed with myself. my goal for the propfirms monthly competition is to see whether I can consistently hit 10% every month, well I did it in January but I ended up blowing all my profits due to overtrading. I ended January at break even. at least I wasn't disqualified and that meant something to me. I also hit 10% on all 3 of my competition accounts, but I still couldn't hold on to my profits because of my nemesis aka overtrading. in the first week of February, I actually hit 10% within 2 days of trading, and I did not gambled if you're wondering, I actually do pyramid into a trade that I am very confident about and it played out accordingly. I was euphoric and I began to gun for 20%, unfortunately I over traded in the second week of February and I lost about 60-70% of my profits made in the first week, that really humbled me psychologically and also emotionally. so I consciously made up my mind to cut down on the trades I took, the third and fourth week of February were pretty good, because I slowly recovered all the losses I incurred in the second week and ended up back at 11%, but unfortunately this week was kind of a stalemate or a pretty bad week as I ended up losing 2% of my profits and ended the month at 9%. I must confess that I am sad that I couldn't hold on to my 10% for the second time again. there are also certain issues that I have note in my trading and I humbly seek the house guidance on it;

1. Overtrading seems to be my biggest nemesis, I went through my trade explorer and viewed my trade statistics for Feb on my Fundednext competition account, I had a total trade of 72 of which 48 where lossing trades and 24 were winning trades, my win rate is 33%, total profits were 29000, total losses were 20000, hence net profit 9000. looking at this stats, I realized that if and only if I could have cut down on the number of trades that I take and really focused on quality set up, then my performance could have been better. although I have started a regimen on tackling this problem at hand and that is to strictly trade Tuesday, Wednesday and Thursday only, every week that's strictly trading 3 days in a week. secondly keeping my daily drawdown at 2% daily, since I risk only 0.5% per trade, that means maximum of 4 trades per day ( two two for the two pairs I trade).

2. Greed: I think this issue is a bit tricky as I'm not sure if it's my greed that hampers my performance at times or maybe it's poor trade management. one of the biggest challenges for me this month was seeing having profitable trades that ended up in losses. that really really got to me. there were countless times I had winning trades that were up 100 pips plus but I refused to close the trades because I was waiting for it to hit tp which always end up hitting my stoploss. my trading risk rewards which I mostly aim towards to is 1:4 or 1:3, but recently I have been thinking of sticking to 1:2 RR. unfortunately my greed won't let me stick to it, I just feel like 1:2 is isn't satisfactory to me, I am confused and conflicted about it.

3. Lastly, I still struggle with indiscipline, as there are times that I succumb to temptations of breaking my rules. like last week, I wasn't supposed to trade on Friday, I broke the rule and end up losing 1%, on Thursday mid morning at around 2am, I was awake and I checked the charts during asian session which I don't trade, saw a very tempting set-up which I took with the hope of making a bad ass killing from RR perspective, long story short, it flopped and I lost another 1%. Lord knows that I beat myself up for breaking my rules at times but I still end up doing it, although I don't break my rules frequently as I used to do before, but I feel like should have gotten to a stage or level where I ought not to break my rules.

So overall, Feb for me wasn't too bad at all, I'm $35 away from BE on my 5%ers, Fundednext Feb comp 9%, TFT Feb comp 6.5%, and unfortunately SFT 1.8%. Now at the start of the month my performance on Fundednext, TFT and SFT, were the same, but along the lines it began to diverge due to some lapses. I noted that it's not easy trading multiple accounts without a trade copier, there times I get sloppy entries on my other accounts because when, I enter a trades on one account, by the time I logged in to the other accounts, price had already moved. I also notice discrepancies in the pricing feed between brokers, there are times that I set limit others, which may get triggered on one account and may not be triggered on the other accounts. All this affected my performance across all accounts and as for the SFT, I actually gambled on it this week, due to the fact that it's the end of the month and it seems to be the least performing account, so I decided to take some big shots on it if it would be in my favor, sadly it didn't.

I'll stop here because I seem to have written quite a long post, but I want to thank everyone here on the community for the value that they keep adding here, I wasn't as good as I am now early last year, but I am much more better than before, I know I am not a good trader but I am seeing progress in my trading journey. I am happy and grateful for having a community that I can commit to and also be accountable to. pls elders in the house do not hesitate to advise, admonish or scold me, as always, I am willing to learn. cheers