Investment › Re: My Prop Firm Strategy Testing Ground. by Donsheddy(op): 6:42pm On Aug 28, 2023 |
Donsheddy: Week 6 Of Challenge
Gbpusd sold this morning
Entry 1.26015 Tp 1.25310 Sl 1.26450 Trade Closed At Entry We Go Again Tomorrow.... No luck today
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Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 6:39pm On Aug 28, 2023 |
Donsheddy: Week 6 Of Challenge
Gbpusd sold this morning
Entry 1.26015 Tp 1.25310 Sl 1.26450 Trade Closed At Entry We Go Again Tomorrow.... No luck today
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Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 4:31pm On Aug 28, 2023 |
infofirst: Only village people can stop him as he be so. Just a matter of time.
Lot size noted but 👌 😂😂😂 Village people just dey look this comment dey smile but God pass them |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 4:30pm On Aug 28, 2023 |
PIPSMARSHALL: Boss, be strict on the lotsize rule and u will see more wins, donsheddy sef no dey top 10 in ur competitions. Me I don win ur comp b4, Still na ur rule I dey use, just that I don't put limits on entries.
I hope donsheddy performs so u go drop d gists o.
Either way as long as anyone taking the challenges is learning from it, I believe propfirms is the best demo in the industry.
I no fit dey imagine again. Imagination don burn my prop accounts wella. Hain boss... No wanting to brag oh... But i dey top 5 sha... I know i won the competition i think twice... I also won gabson last competition.... Last last competition isnt the true test of a trader ... Untill we know how to manage our risk.... We ain't ready... I learnt mine late.... And with this unlimited package, it changed the game... The truth is if we no fit trade this unlimited successfully even the funded account we go blow am... Because it's same rules just that we no fit withdraw profit for challenge.... |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 3:52pm On Aug 28, 2023 |
GBPUSD: I've not opened any trade today. I'm a trend follower. Since there's no trend in sight, I keep off. Trend is clear... Bears are in charge of gu for now at least |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 3:23pm On Aug 28, 2023 |
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Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 3:21pm On Aug 28, 2023 |
GBPUSD: If you trade only GBPUSD like I do, please avoid the market completely today. Be a disciplined trader. You can always come back the next day. Why... Today already don finish... Abi the bulls don trap you 😂😂 Market is very dull today thou cus of gbp holiday... I had no idea until i saw how quiet the market became... I have a running which my sl is currently at my entry... |
Investment › Re: My Prop Firm Strategy Testing Ground. by Donsheddy(op): 1:12pm On Aug 28, 2023 |
Donsheddy: Week 6 Of Challenge
Gbpusd sold this morning
Entry 1.26015 Tp 1.25310 Sl 1.26450 Moved sl to entry |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 1:12pm On Aug 28, 2023 |
Donsheddy: Week 6 Of Challenge
Gbpusd sold this morning
Entry 1.26015 Tp 1.25310 Sl 1.26450 Sl moved to entry... I no understand the market... No news today every where dull ... |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 12:06pm On Aug 28, 2023 |
Make UNa rest biko... You think its easy to keep an account or pass a challenge.... If that same account is given to you guys it won't even last that long... Instead of scolding we should be encouraging and advicing.... Even the best of the best have gone through such phase... It happens... Me personally don blow account in space of two days |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 11:07am On Aug 28, 2023 |
infofirst: It is fine to trade as many pairs as possible but the idea of a pair at a time is crucial for an upcoming trader. You can't take ten steps at a time as a baby. Exactly... Im a living witness. Helps you understand the dynamics of trading |
Investment › Re: My Prop Firm Strategy Testing Ground. by Donsheddy(op): 8:15am On Aug 28, 2023 |
Week 6 Of Challenge
Gbpusd sold this morning
Entry 1.26015 Tp 1.25310 Sl 1.26450
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Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 8:08am On Aug 28, 2023 |
Week 6 Of Challenge
Gbpusd sold this morning
Entry 1.26015 Tp 1.25310 Sl 1.26450
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Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 7:50am On Aug 28, 2023 |
Gu and him brothers don dey print rubbish this early morning 😂😂😂.... Well i won't be tempted by this bull move for now we wait....
First point of interest 1.26250 That news on Friday skipping 1.26800 naim be the headache now... We wait to see if they will test it....
But all in all... I'm selling below 1.25920...
Or above 1.26600
Which ever comes first.... |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 9:15pm On Aug 27, 2023 |
Lanshile: I still don't know what to say i swear to God I joined the TFT Competition so as to win a 10k account so as to add it to the 5k I just bought but as I was in 5 percent I lost hope but I'm happy with this Ive never been lucky before in life but I'm really happy All thanks to God that created infofirst, thanks to infofirst for this and all thanks to people who always motivate me in this group Congratulations |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 7:32pm On Aug 27, 2023 |
infofirst: Abham BinaryRocks BrightFuture48 Dmahn Donsheddy Dottozil Elliotwaveforec Emmizay12 Fibonacci88 Greatcheer Hassan50 Karkinase Kaybee7000 Kozmicity Lanshile Metrolane Nzechu OfficialP Petah Pipsmarshall Rainlover Realone Rhynoemmie Riverrun Seeteazin Tenifayo23 EASYLIFE4US
These 27 names are going into the random selection process shortly.
I no see who nominate @charly20 yet nor @samfelly... In the next one hour.. 9pm naija time.. We will use an auto random picker to select that winner.
If any one wins and wish to pass it to another person or another random winner. It will be allowed. If samfelly and Charly name no follow that means party never start na, share holders for this thread.... I nominate dmahn because i know say him face never too show for here but i do follow his progress and see how motivated he is, na why i nominate am with hope say someone else go nominate charly... Cus na my first pick be that 😂 |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 3:40pm On Aug 27, 2023 |
Englishisamust: Explanation just full everywhere!!!  But no evidence 😂😂😂 |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 2:27pm On Aug 27, 2023 |
infofirst: As some pipish and mesish and vapish people are on full time to scam us on this thread. Some amazing folks are striving to bring rewarding information and offers to improve us here as a family. May those offers come tru. Be on the look out.
So quick one, what can a $10k challenge giveaway do for you if you win it here randomly without any competition ? How long can you pass it? If you are to nominate someone to get the giveaway instead of yourself, who will you nominate here? Make i follow nominate... I nominate Dmahn... He is also a conservative trader.... It will help his trading journey...... Then if the account reach me too it won't be bad... I think more accounts helps psychology, and it will definitely help me to make good progress on other accounts knowing i have something to fall back on... I know the 200k account helped me make great progress on the other accounts... And one thing is sure ... I wont blow the account.. Might take time to pass but e no go blow... I believe dmahn can also safe guard the account... Cus of his disciplined style of trading and zeal to learn and improve |
Properties › Re: I Plan To Build 8 Units Of Mini Flat Storey Building On This Land by Donsheddy: 10:52am On Aug 27, 2023 |
Following |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 10:31am On Aug 27, 2023 |
Una just dey confuse una self.. for me i prefer equity based DD... Reason been that as you keep making profit your DD increases and as you loose profit your DD reduces helps you to be discipline
For Equiity Based
Starting Balance is 10000 and your daily DD is 5%>>> 5% of 10000 is 500 that means your account shouldn't go below 9500 today.... If your trade moves 800 dollars in profit and goes back to entry that same day your account will still be intact because you didn't go below 9500...
Lets assume you make a profit on 400 dollars day 1, your closing balance for the balance for the day is 10400 now your DD for the next day is 5% of 10400 which will be 520... That means your account shouldn't go below 9880...
Now if in loss, lets assume you didn't make profit the first day and you close with 9800 your DD for the next day will be 5% of 9800 which is 490 that means you can't loss more than 490 on the new day that means your account shouldn't go below 9310 if you like make 2000 dollars profit that day... Thats how equity based work....
While in Balanced Based Your D. D is Fixed at 5% of starting balance which is 500 dollars
So any day dont lose more dan 500 dollars ...
If your starting balance is 10400 for the new day your account shouldn't go below 9900 If your starting balance is 9800 it shouldn't go below 9300 thats for balanced based.... |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 10:11am On Aug 27, 2023 |
rainlover: BALANCED BASED: let's assume you have a starting balance of $10k with a daily drawdown of $500
Now - you only breach the account if your balance reduces to $9,500.
I.e - even if you made some profits, but later lost it, your account remains active so long as it doesn't get to $9,500.
EQUITY BASED: let's assume you have a starting balance of $10k with a daily drawdown of $500
Your drawdown counts begins from the highest equity attained within that day.
Equity means: Opening balance + floating profit and loss
Eg: you took some positions and your PNL got to $1000
This means that you have trades in profit and your equity would be $10k + $1k That's $11k
Now here's the catch..
After reaching $11k and your trade(s) reverses , reducing your equity to $10,450 ($11k - 5% ) You will lose the account because, you lost 5% of daily equity.
So in conclusion; if your account is equity based, just keep making profits and don't come down to -5% of whatever equity attained within that day.
Hope this helps I beg to disagree |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 8:08am On Aug 27, 2023 |
seeteazain: What has balance got to do with PnL. If it's balance based then one should be DQ when trades are closed and when such closure negatively affects the balance. They are just using it as marketing strategy like someone stated above Just dey play... Balanced based means DD is calculated from your balance.... If i understand you correctly you mean someone can have floating loss of 8% and should be disqualified only when they close the trade..... |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 7:22pm On Aug 26, 2023 |
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Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 6:02pm On Aug 26, 2023 |
dmahn: Omo ... Wetin dey always xup for that phase 2 level, it seems everyone is failing at that phase.. What could be the cause.. Abi how can someone pass 8% successfully and ordinary 5% will be giving us trouble  When you get there you will find out 😁😁😁 |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 10:43am On Aug 26, 2023 |
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Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 9:23am On Aug 26, 2023 |
Ibrahimlagosian: Attention prop firm traders.Please can anyone tell which of these two prop firm is better?:fundednext and TFT.if you have any better suggestion,please spill it out Both are great... So go with anyone |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 4:33pm On Aug 25, 2023 |
infofirst: Last Friday for competition I bounced from 8% to 12% only for gu and gchf bear to Take it back yesterday. 8.8% as at today. I will be going in with everything next week.
Those participating and hopeful of hitting it should give us update. I will make sure I quote every response. So it's easier to pick out winners and not delay by month end. Fear no gree me take today trade for this account... Chilling at 10%
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Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 4:29pm On Aug 25, 2023 |
RKTexpert: since the year nov 2022 I took forex market seriously, I have been doing what the forex twitter community called "strategy prostitution" and as I repent go back to dz old man technique for forgiveness, since then market no dey overfvck me for ass again anyhow as um like. Thank God for early realization... All the info you need is on the chart... Choose one pair... Marry that pair... You will understand how the pair behaves at every time... Find out pairs that influences the movement of that pair... Watch all together... Market no dey ever joke with key levels.... Any one wey the market skip e must surely go back to test that level.... Na that time you go dey hear things like market makers na lie oh . Market markers no do you anything... Those skipped levels are mostly picked during news period... Na why you go dey hear something like say market dey hunt retailers no lie... Na we no observe well.... 😁😁😁 With proper risk management and patience you're good to go... Anyday i lose i blame myself and not the market... |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 4:16pm On Aug 25, 2023 |
Kaybee7000: Midnight? 😂😂😂 Pm Sir... Midnight ke... Nothing concern me and night trade again after the shege wey dem don show me |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 4:13pm On Aug 25, 2023 |
Kaybee7000: Oya and sin no more ,can u tell m the actual time u entered the trade cos I said it yesterday that u would enter early in the morning?
@info and other dey fear m ,I am not a seer and if u don't blv ask @Donshedy if I didn't tell him e go open position today 😂😂😂😂😂 By 3:30 sha .... 😁😁😁 |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 4:09pm On Aug 25, 2023 |
Kaybee7000: Don say sorry to m beofre I start my violence! 🤦♂️😁😁 Im sorry sir ... The setup was too good to ignore.... I say make i just add small thing for only the 6k account... No vex sir |
Business › Re: Forex Trade Alerts: Season 23 by Donsheddy: 3:53pm On Aug 25, 2023*. Modified: 4:14pm On Aug 25, 2023 |
RKTexpert: Of all the strategies wey dey out there 1,SMC 2,+OrderBlocks 3,SND zones 4,ICT concepts 5,structure, liquidity & inducement 6,Vwap,etc Nothing beats the good old SNR along TLCHs Argue with your charts, and fvck any other trading strategies I m done jumping from dis to dat. I'm going to get better using only that with time Na today you know 😂😂😂... Support and Resistance and candlesticks na him be the baba... Once you sabi this two you're good... I add a little touch of sma's to. Help me identify key levels easily 😁😁😁... That means i don't necessarily need to draw lines.... |