₦airaland Forum

SystemBet:
Wrong!

haryodehjia:
I don't think the buy will last as price broke out of the bear flag n trading below d trend support.. Looking for buy around 1.38750 if the support at 1.40340 do not hold.. NFP will determine my position though

SystemBet:
Today is NFP! Be careful!

Major news today from 9am

infofirst:
Life is not fair in the first place. Not disqualifying those that break the rule will put those that keep to the rules in unfair situation too. Let go. Next is almost here.

infofirst:
Its pip count. The first position will get first prize since he has highest profit but that outstanding pip count person can and or will get rewarded with prize even more than the first position.

NetValueFX:

Gross allegation.

Theyoungmaster:
Leave am make he dey argue. He's mixing up pip value and pips count. Both trades will have the same total pips value in profit but the pip count will differ. The contest is about pip count. If we all trade the same 0.01 on a trade, the winner with the highest pip count will automatically also have the highest pips value return.


Basic logic.


@Donsheddy, wida you! I go soon tell wike to expel you from Ph.

NetValueFX:
That logic is quite poor because the contest is all about pips making and not account balance. Anyone with basic quantative reasoning would know that 5×0.01 will produce 5× more pips than 0.05.

Theyoungmaster:
...and you literally had to throw a shade? SMH!

Competition rules
READ THE RULES CAREFULLY.

Maximum leverage allowed is 1:30,
Currency pairs and gold only.
Maximum (highest) lot / trade is 0.01lot(10cents/pip). Total lot size that can be opened is 0.05lots at a time. No pin to secure trades.


If you digested the rules properly, then tell me how you can open a single trade with 0.05 when the rule said "MAXIMUM(HIGHEST) LOT /(I.e per; for a single) TRADE IS 0.01....?

Theyoungmaster:
E mi keh? Cheated? Nah! It's all about following laid down rules. It's a life hack.

Theyoungmaster:
All these illustrations are inconsequential. Matter of fact, this exact 10 pips scenario have been ironed out already before the contest started. There's no point in overflogging an issue that was duly deliberated upon and a consensus reached. Going contrary to that consensus is tantamount to disqualification. Centris paribus. I would have drawn up another scenario to rebuff your 10pips scenario but then to what end? The organizer has already ruled on all of it and we agreed before contest started. There's no smartness in interpreting the rules to suit you. You know better not to slim fit an examiner's instruction to suit you. Rules are meant to be followed to the letter.


Over and out.

Theyoungmaster:
All these illustrations have been ironed out already before the contest started. There's no point in overflogging an issue that was duly deliberated upon and a consensus reached. Going contrary to that consensus is tantamount to disqualification. Centris paribus.


Over and out.

Theyoungmaster:
Nah bruv. That ain't on point. Someone raised this exact scenario while we were all deliberating on the new rules before the contest started. The organizer said it's about making sure the winner has the most pips count. If I'm trading all 0.01 lots and you're going hard with 0.05 lots, how do you think I can win with highest number of pips? Lemme bring this home a bit, last night I looked at your trade history and noticed you're trading 0.05 lots all along. I was clocking close to 100pips while you were around 40 or so. But then You were ahead of me on the table. I've been trading strictly as the rules stipulate; 0.01 lots. You were trading 0.05. Is that a level playing field? Think am brother.

Theyoungmaster:
This is actually not correct. Maximum lot size PER TRADE is 0.01.
See attached.

EVERY SINGLE TRADE MUST BE 0.01.
MAXIMUM LOT SIZE OPEN AT A TIME MUST NOT EXCEED 0.05. THIS MEANS THAT WITH 0.01, YOU CAN HAVE UP TO 5 TRADES ACTIVE AT THE SAME TIME.

The rules are simple and straight forward.

Tony142:
Boss, in the next contest make it possible to place 0.05 lot on one trade, instead of placing 0.01 lot five times


Here is the reason, some people trade different pairs, while others trade only one pair, let assume I trade 5 pairs, I can easily place 0.01 lot on each of the 5 different pairs I trade to make it 0.05 lot, but let assume u only trade GBP/USD u will have to place 0.01 lot 5 times on the same pair, instead of just placing 0.05 lot and rest, it does not make sense na



That maximum of 0.01 lot size and maximum of 5 order only favour those who trade many pairs, if u trade only one pair there is no need to be stressing yourself placing 0.01 lot 5 times when u can just do it once

bigbasho:
With reference to my outlook last week the long range was a build-up for the push to form the 3rd level rise on the daily. The pattern actually come to play. And if that is the level 3 rise, i expect a huge reset before i will want to join you to travel to Arewa. That is why my bias is south. And what if that is the begining of another first level downwards?

SystemBet:
Has the competition started?

Seunisco:
Sorry guys, please I’m trying to register for the new contest. I participated in the previous one, I’ve not been able to find my way around the Fx blue live. Do I need to create a new mail to register a new Fx profile with same username for the competition. Because I tried opening another demo account under the profile I used in the last competition but it’s looking like it’s not updating and I don’t want to create two profiles on the next competition to avoid any disqualification ,please I need anyone to put me through

ILovebigyansh:
I am biased, I only buy or I only sell.

risk 3% to get 18% but I don't let it run i close partial profits as it goes you'll see the pattern on my closed trades.

I pay attention to fundamentals a lot. And because i know which will move weeks before (comes with experience) i'm prepared.

Forget the english, Abeg me sef still dey learn o.

elmas:
Not going through

kendoschurrle:
I no wan insult you back because no need. You never even win one spoon for the contest so comot for road make we see better people.

If infofirst dey speak only grammar, you know how many people wey no go get help? No be by force to share strategy but e bad say all man dey chop one person, nobody wan contribute to help others. Teach the strategy first before you begin blame people wey no get psychology and other long story wey you dey talk. Shikena. Help other people as they don help you. Forex market go contain everybody.. but no be for Nigerians. People wey go cross bridge bomb am make others no pass. Mtcheew.