₦airaland Forum

dmahn:
Let's go again this week boss .. I've been holding since last week dou, I want to add to position when the current H6 candle closes bullish

Veenbanks:
Also, eyes on USDCHF catching the upside of USDCHF to 0.89382 is looking promising.

Remember your risk management!

dmahn:
I have received the account.. Thanks again.. This guys want me to pass the account within a month or I loose it.. Me that I trade with the speed of a snail .... So help me God!

samfelly:
Congratulations

CC: Dmahn

samfelly:
Congratulations

CC: Dmahn

Veenbanks:
It's good you recognized your weaknesses, at least, that's the first step to improvement.

Controlling emotions and staying disciplined are very crucial trading skills. Staying discipline was my watch word, and keeping my emotions in check was something I really battled with.

Imagine loosing 3 trades back to back at times, and the rollercoaster that comes with it, and fully knowing that the trade is not yet ready but that adrenaline rush to place that trade keeps hitting hard, and before you know, gnashing of teeth, and wailing when everyone is sleeping is just wild, one will start doubting himself. Even experienced traders with years of experience still struggle with these skills.

Looking back now, I can say trading has really taught me a lot, putting my emotions in check, and having core discipline in life dealings are truly one of them.

The key is to develop strategies to help you manage emotions and stay disciplined. Like setting trading plans, developing risk management system (I do always preach on that), putting emotions in checks, journaling very paramount, and mindfulness practices.

Boss man, just remember it's a continuous learning process. Focus on progress, not perfection. We will all get to the very top!

Veenbanks:
What is your strongest trading skill.
Controlling emotions
Staying disciplined

Click like for controlling emotions, and share for staying disciplined.

BinaryRocks:
If you're trading with a prop firm with no consistency rules, you don't know what you're enjoying.

Vitalmarkets phase 1 passed.
Vitalmarkets phase 2 profits target reached.
But their consistency rules is still holding me back.

How I wish this is fundednext account or any prop firms with no consistency rules.

God when?

Veenbanks:
After reviewing the currency pairs, I remain bearish on GBPJPY, and plan to hold my position until the target price of 185.000. This pair is likely to be my sole focus for trading this week.

Emmizay12:
Oga rest!!!

Seems comprehension is your problem

Shebi it's only dmahn you can understand

Geovanni412:
Omo, this is very encouraging. I hope they pay you when you pass phase2 on time.

PriceActionZ:
Nice, mine still in phase 2 profits, and now reset back to 3 phases.. i have been contacting them since yesterday but no response. Did you contact them via chat on their website?

dmahn:
Just $23 to pass nostro phase 1 with 100% winrate, They had a server error and when I reached out to support, I was given a new account to start from phase 1 zero balance again. Heaven knows I ll gamble to either win or loss the new account with 2 or 3 trades.. I will take it as a SL hit and unto the next

dmahn:
Just $23 to pass nostro phase 1 with 100% winrate, They had a server error and when I reached out to support, I was given a new account to start from phase 1 zero balance again. Heaven knows I ll gamble to either win or loss the new account with 2 or 3 trades.. I will take it as a SL hit and unto the next

samfelly:
Omo, which broker be this, chief? I no dey like this kind rough play

Emmizay12:
I bring you good news, yes a trader can know/learn when Ur strategy will fail on EVERY trade, you have to know what 90% of losing traders don't know to standout

See brother,, how then can you beat your chest and claim to be in the top 10% of winning traders...

How then can you possibly cut your losses short and let your winners run as Mark Douglas adviced.....how then can you protect your big winners, you will have rock solid confidence in the markets even when sleeping because you know that the most important thing in trading is a small loss,,, which a normal win can even put money in your pocket after clearing the small loses

By following the traditional "let my 1% stop loss or Tp hit" you stand the chance of getting into an unnecessary drawdown,
Both of us may take same trades, but when we calculate losses my loss will be smaller than yours because I prioritized a small loss,,,, meanwhile our wins will be same, guess who is going to have more money to withdraw??

I'm not saying you cannot be profitable with that,,, but it can make an unprofitable trader profitable, and make an already profitable trader more profitable..

I do hope you see my point of view and see the possibility that awaits you in the Forex markets

dmahn:
Congratulations if you joined the 1:1 movement... Stop has been moved to BE now and I will exit at any strong bearish signal

dmahn:
Any S&P500 trader in the house?... It isn't too late to join on 1:1... However if price should retrace to my entry again I will add one more.. If SL hits, I will sell instantly..

Bimmarlykay:
This is for struggling traders or newbies on this thread,bitter truth is the thread has lost its purpose..you won't get rich on here,you might also not learn anything again cuZ unlike forex factory and many forums that share ideas on how to tackle this beast called forex, peeps here hardly teaches forextrading or come up with an indicator or strategy that needs enhancing anymore...you'll only see their successful prop account, fake account boosting traders and some motivational speakers that will be telling you don't give up but won't tell you a thing or two... they will never show their strategy or hint...

That said, if you're struggling or about to quit forex due to loss,then its either you haven't seen what can no longer be unseen once seen or you're doing something wrong or greed making you look for a strategy that never loses while catching all the pip been there done that. 😁

Truth is it doesn't exist you'll lose and get frustrated cus even with an almost perfect strategy and risk to reward, market can spike,hunt liquidity, false breakout, false reversal and this are things we have no control over we just pray... 😁

Try my style instead:-

Retracement trading might work,

Firstly forget counter trend trading or reversals...

leave it for professionals,trade with the trend using top down analysis,trade on the higher TF.... Using 4h or 1D, they have fine structures .... follow the trend on the aforementioned timeframes go lower and like 15-1h for entries from reversals using Fibonacci or reversal indicators while for the 1Day TF start from 30-4h for entries some indicators tell a trend and range, familiarize with this kinda indicators.

Many traders will tell you don't trade with indicators they repaint/lag, but I'll tell you indicators do exactly what them name implies "indicate" your brain will equally tell you that the indicator have done this before and it's likely to do the same again .....forget about 1:10 ratio for now. gold for instance will kill you before giving you 1$:10$ instead put your loss where you think if the markets hits will cause CHOCH.... you'll hardly lose 2wice in a row and even if you do, you'd have won 10, this is how i trade.... catching the pips one at a time and my loss is always during reversals trying to enhance that tho.😑

Looking at 5000 pips movement, then try catching 50- 1000 pips in the direction of the trend

What am saying:if you're going to the east say 'Abia'...look for buses going to the east then stop at Ore, enter again stop at Onitsha, repeat till you get to Abia don't stress trying to reach the East once..leave it for PROs.

Shalom!!😎📊📈

Ibrahimlagosian:
Infact,me I don give up for this poorest trading
:oI no dey do again
.if anybody tell me I should not give up,wallahi we will wrestle.
I will give you beating of your life.
Infact,I go so beat anybody for this fta.Man dey vex for this market

Ibrahimlagosian:
Hello guys, it's a new month here,so I'm going to continue my journalling here.i lost my both 25k and 15k account,so I downloaded mt4 and I will use their demo account to learn again
I will start now by going back to swing trading,I will only use the monthly and weekly for analysis and the daily for entry.
I will use the Bollinger band+RSI +stochastic indicator for my strategy.
Wish me good luck guys.

Pipsmarshall1:
Dmahn and Donsheddy think say na because of their 5k i dey run my business.
I lost this now on my live account e pain me o. Shege for new month. Trading is expensive as a Nigerian. I think its best to hold naira for now. Make dollar wait one side.

Losses dey but I cannot lose everything to fx. I lose and run away.

Dm me for mentorship. November is here and you need a mentor. 80k per month.

Pipsmarshall1:
Post the wins, get mentorship from the best trader in Nigeria. ...

I'll guide you as you trade through the month, your psycology will be improved and you will understand the markets in my monthly mentorship program. 80k per month.

Contact: Pipsmarshal2021@gmail
Motivation purpose.

Geovanni412:
The idea that you can make money on fx market as a jobless individual is more likely to live you frustrated and suicide prone rather than put money in your wallet

Bills don't respect market volatility and the journey to breakeven is hard, whilst the journey to profitability is herculean

In this t-pain economy, losing money is like using a surgical blade to re-open a healing wound.

dmahn:
I'm buying GU again... 1:22 ... If SL clicks, I will change my bias and start looking for sell opportunities