₦airaland Forum

obajoey:
This is what I believe will happen to gold.

Head n Shoulder pattern spotted on daily TF.
The last bull run was to retest the second shoulder then a backdown will follow, if not na oyo I dey.

Just an opinion.. We are all learning.

The R2 is a very strong resistance zone that has been tested several times,
Even the buyers don't have the sentiments thus the rejection.

Market should dip or range on the next bearish close candle.

haryodehjia:
D.tf sir, yea it has been ranging for a month and also a break out will be imminent in the coming days..
Why I'm insisting on raking at least 500pips is cos of the bullish divergence on D.tf and W.tf sir

So long your trading plan supports it,
Then it's cool.

More pips for you

haryodehjia:
Okay boss.. But I see more pips for Eurusd and audusd above

Depends on the TF you are looking from from H1 to D1,
It hasn't created new Higher high nor lower low.

Thus it might range for a while. Till a new sentiment is made and where it is currently its at a tested resistance area

Just my thoughts though


Funny enough i actually opened a breakout buy,
But the market no gree yet,
Thus it is currently ranging

haryodehjia:
Demo(swing trading): trying to see if I can rake around 500pips on each pair..

Trade your plan,
And respect what the market gives you.

Elliotwaveforec:
You put something for mouth? I go because of you idiot put my account for fxblue, e be like say you don drink kainkain.

Ok. Normal defence mechanism for someone who no get level.
We know as d mata be,
So i won't indulge you any further,
It's just waste of my precious time.

When you have something reasonable to say, you are free to quote me,

For now, just do you (trolling)

Elliotwaveforec:
Mad man, me fraud? I clean like snow. Your digging never reach fraud side?

You dey public forum you no want insult, who you be? Den go insult you insult your mama wey no train you well join. Do your worst.

Meanwhile, this one na your profit for a whole week o. One day profit be this.

Link am to fxblue, make we see something

Elliotwaveforec:
Werey, keep digging, you're known for that.

A trader who believes having 60% DD is good. Mumu boy.

Atleast you know say i dey follow up on mata wella,
I dey deliver pass text message.
My face show


And you that believe in 20%, show doings,
You come here wan dey rub shoulder,
You want to chill with the big boys but na only mouth your account dey?

Jonzing fellow

I for dey insult you,
But the kein insult dem dey always give you for other thread suppose last you a life time.

You have a reputation for being fraud as well,
Be like say i spoil market for you, na why you take am personal

I won't give you (a non-trader) the satisfaction of derailing this thread further like you do to other threads.

Elliotwaveforec:
You don finish? Oya go meet your mama wey no train you well make she teach you how to mind your business.

No be now you don dey jump jump,
You have a habit of being a nuisance both here and to other thread.
But i am not surprise though, you are a product of very terrible upbringing.
So your mata no even reach anywhere.
I just see it as another low self esteem trying to be relevant.

Make your 3 - 4 pips and be a millionaire,
Abi your head dey forbid to use your own advise don turn to issue again?


I practice what i preach,
When we had this conversation i didn't have a trade explorer,
So I created one with weekly update,
You dey complain,


I'm not surprise your jonzing reputation precedes you as usual.

kamtrix:
Funny thing is this thing is just a little mathematical thing o. It has nothing do with indicators and minimal or no technical analysis which to me is interesting as a former office action only trader.
I'm still trying to decide whether to give it out or to sell it. But it's just something you'll now be wondering how can it be so obvious but still hidden

Can you be kind enough to create a trade explorer and let's see how this progress..

Elliotwaveforec:
You don finish? Oya go meet your mama wey no train you well make she teach you how to mind your business.

I can't be offended with the likes of you my dear,
You can only try.

It's easy to tell a child who doesn't regard their parent by the way they are quick to insult that of others.

Anyway, i am not here to give advise on parenting.

Your mata no touch anywhere
Na where you fit talk reach, you don talk so.
Abi e get wettin you fit still talk again?

Elliotwaveforec:
Rest that your brain wey dey malfunction abeg or use am analyse market to your advantage and stop being a monitoring spirit.

You're useless on this thread because nothing people benefit from you; whom does your weekly update benefit? You make profit for your pocket.

If you want make thunder fire your parents quote me again, that time I go know say you be bastard.

At least you dey see the weekly update,
Adviser wein dey help, how far?

All this your yarnings na still childs,
Everyone online na Warrior normally,
So your talk no touch anywher

Just walk your talk.....
No dey talk wettin you no fit do.

Elliotwaveforec:
Because I don't know how to.

For your life, don't quote me again; I don't talk to mannerless people like you.

Your head dey skip,
Don't give careless advise to people
If you don't know, shut up your mouth.
Your name na elliot wave, when last you use that indicator trade.

You are just a perfect example of what a trader should not look like.

Why don't you make the 3 or 4 pips and be a millionaire,
Abi your head dey forbid that anointing?

I will be in the other side of your trade, taking every single penny you got.

Elliotwaveforec:
It's possible with 1-minute TF scalper like you; 3-5 pips profit consistently makes an ocean.

Why you no do am?
Isn't that what everyone hope for?
Awon Motivational speaker

Donvic4u:
Lol
NOBODY
I REPEAT NOBODY
LOSSES ARE INEVITABLE (Like Thanos)

It's a newbie question,
It is expected,
The way the market get up and down, na so profit and losses sef dey.
The question doesn't even need to be answered.
Let the asker find out themselves.
Afterall na same market everybody dey

Who go open next FTA season like this?
Make we dey plan am ahead like this so

obajoey:
0.05

When you are ready, trade a reasonable amount on demo till you are confidence to trade live,
What you are doing is hoping to survive by chance,
Fx doesn't give a sh/t
It will tear you to shreds if you are not confidence enough.
Take your money out and buy some nice shawarma and big coke.
There's no motivation that would rise that fund.

clems88:
Hi guys. I just decided to give Forex a shot after so much fear. I decided to open a live account , funded it with 20$ for a start. I started with 0.01 lot but had to increase to 0.05.

Hope I'm on the right track

You are not ready...... Trust me.

Kaesyrn:
I stopped trading for the year after the contest @Gabsonfx held here but with all the insightful discussions on prop firms I decided to try it out today and Twas quite easy passing the $10k alc cos all that I needed was 50 pips

Most times the reason I figured that most traders fail is one that has been repeatedly talked about “PATIENCE”

In picking entries, most traders instead of sitting on their hands waiting for the OTE would rather dive in at a consolidating market…

I’m gonna go in fully into this prop firm next year God willing lemme still emulate some bosses here…

Happy Yuletide to all FTA fam
Merry Christmas � and a Happy new year in advance

Well said,
The season has been the most productive season so far,
Special thanks to Gasbonfx, infofirst and ekesoft


Scammers couldn't breach the FTA defenses this time
The few that pop up were instantly buried

WallStreetfx:
Boss I have a strategy that have backtested 60 trades on. It generates 50 percent return. Should I conclude the strategy is okay or I should backtest more??

You will know hehe when you are ready.

All these 1 hour skimm through chart is never enough,
Back test it for Atleast 10 years if you want to be business in the next 10 years.

charly20:
Those stats are something to think about.

I usually tell my pals "we are still too young and there is plenty of time"

All the kids these days want to Lambo at 20 years

Next year, I'll be practicing the 10k FTMO package probably from January to mid -year (I've got time). When I'm satisfied with how disciplined my trading gets, then I can see how to go about paying for the challenge. I already did the challenge free trial and repeated the feat twice and passed all but I'm not confident yet.

In a case where I don't get enough satisfaction, I'll do it for the rest of next year.

The year is already ending and I haven't blown that 200usd demo account. It means I'm probably doing something right.

To any young trader as myself in this community, please there is time. A lot of it

All it takes is one year and you'd be managing 200k.

Well said comrade, well said

EeGooBetter:
I was falling in love with MFF not until I came across this review about them >>https://www.forexpeacearmy.com/forex-reviews/18099/my-forex-funds-review-mff

After seeing the bad reviews on that link, mmeeinnn I no go enter there o. And again just check, if only 8 traders could meet up with their trading target this month which to me it's very feasible, it means something is really wrong in there.

Most of those reviews are just hoax actually,
I get to see some of these guys in the channel,
Just that MFF doesn't have good publicity like FTMO
And FTMO is better with their automation.

My personal opinion they gave been consistent.

I had my own experience as well,
I'm 3 month deep in them now,
The first one was very terrible, they sent me an account that was already violated,
I send mail, no response,
Na hin i para for them for live chat, say i want my money back like this so,
This was over a week, the Bros no even waste time, he sharply initiate refund, thus was on a Friday by Tuesday i don see my alert back.

I had to wait while to observe things,
Then i realise the time i bought account,
They were actually experiencing serious difficulties and people complained bitterly,
There was a massive surge that they couldn't manage and that time sha.

They actually lack management, and greatly understaffed.
Though they did try to compensate with giving discount but bad news travels further than good news.

In all, they seem to want to be in business, my worries is that they don't like to spend money to get the job done.

Oh! They are always been heavily exploited by very shady traders that's why bad review full everywhere.
Because those shady trader/mentor will tell minions in their group chat to post negative comment.

If you tell them to bring evidence,
Na only like 1% go fit.
The rest just dey lie anyhow.

For intending traders,
It's okay to loose accounts
But let it be demo and always learn from your losses.
Before indulging in fx, you need to read, read, read, read, before even opening an account to trade
And when you finally do, please just remove your mind from cashing out) in fact delete the thoughts) your goal is explore as much strategy as you can till you put up the pieces to make your personal strategy.

My advise, don't pay anyone shishi for training those guys won't tell you the truth, they just want your money and in turn they promise you castle in the clouds.

After you have find something different, you will eventually know that you are ready,
Then just open a realistic demo and trade for 6 months,
If you fail to be in profit,
Keep trying and when you succeed,
Open a small live account and trade with without the mindset of withdrawing for Atleast 6 months

BrightFuture48:
I concur and yet this people want to go prop firm directly. In fact if one is not consistently make profit for three month on trial account they don't have business paying for the challenge because it's obvious they will end up losing it.

You are very correct,
I have a similar model which i am abiding by it.

The fun part of all this was
There was an argument about capital being the problem of losing,
Now prop firm exist,
Where are those always complaining of low capital?
They left the chat obviously.

Some seasons ago,
There was an heated argument when i keep saying its more of discipline than capital.
Of cause, you have to ideally have a decent capital to start with like 200 usd for instant.


Everything boils down to discipline/psychology

Gasive:
Yeah, that's the plan Boss!
Abi u think say I wan carry 500k take dash ftmo when I never chop belleful?

The ultimate goal sha is to manage 200k by the end of next year.

I believe in you,
One trade at a time.

BrightFuture48:
October Summary = 8 Traders Successful!


November Summary = 4 Traders Successfull!

In two months:
Total Traders = 5718 + 3544 = 9262 traders
Successful traders = 8 + 4 = 12 traders (0.1%)

The story is same with other prop firm. This means that there is something fundamentally wrong in traders approach in taking these prop firm challenges. A wake up call and proper instropect of our strategy and risk management.

80% of trader knows nothing about trading,
I'm in a channel for a prop,
You need to see the sort of questions being asked,
It's just clear indications there's more gamblers than traders.
It's good for me, Atleast i know for sure, that prop would always be able to pay me

If you don't discipline yourself, mother market will.

lekinz18:
Based on @gozylala and @donvic4u advice to do my trading journal at the end of the week.

This is my trading journal for this week....any area of adjustment?

I don't think this is how a trade journal works,
An indicator on your platform can get you this,
Or a myfxbook like mine can get you this,
What a journal is, is more detailed than this,

You need,
1. To have the chart and mark entry and exit,
2. Reasons for entry and exit
3. Possible improvements to entry / exit.
4. How does similar pattern played out in the past
5. The % probabilities of such kind of setups
6. Finally, would you take such kind of setup again?

Don't worry my people,
By next year, when i don achieve like 600k funded prop,
I go begin post trade analysis,
By then, my challenge account suppose don achieve at least 200% ROI.

For now, there's alot of works going on in the background.
Make i no go loose focus.

EeGooBetter:
it's looking good. my first trade won. currently have FBS 54usd.

I have executed another trade. I won't post pics here again so as not to derail the thread...will only post account balance every Friday.

or should I still keep updating you guys with my daily trade here?

All join,
All na alert,

boom99:
Bro. I no sabi explain sir. I analyse chart I enter trade. It ends in profit that's all that matter. As I dey like this I no like detail. Keep it simple.


I try as much as possible to avoid questions because I may not have an answer. I came into forex to look for one thing: when to enter and make profit.

I follow a particular pattern but I no no dey name

That's why we say trading is 70% psychology/experience and 30% strategy.
Somethings are not actually easy to explain,
And when you start to explain, you start to doubt your trade

Donvic4u:

Took me 5 weeks risking 1% per trade for me to make 8% to pass my evaluation.



Now trading my funded account, I reduced my risk to 0.5% per trade,
And I've made 9% in less than two weeks..
I'vee stopped trading on this account until the end of the year when I'll be paid 75% of my profit plus a 112% refund of my evaluation fee...

PS: for motivational purpose only!

Congratulations mate,
This is how it should be,
With proper Risk management for Prop,
It's easy to pass a challenge.

Cheers once again

EeGooBetter:
read about them online

Very typical response