BinaryRocks:
.

pristinee:


Naso. I will piece their pseudo-mentor in their very eyes. Awon oloribu headless mob.

Show no mercy.

Keep it coming guys.

Eagba:
please you people should just stop this advice of deleting mt4. Na weak man advice. A man should say a word and it will hold for him. Geovanni or jameselias once said," patience is what you do when you're waiting"
I have done my analysis for the next month competition, from my calculations I should best 25% ( sure thing) but I know it's low n if I want to go higher, I need to twerk my strategy. But I've decided to let it go n stick to 25%. So help me God

Talk is cheap.

Jameselias:
It's simple, you have not suffered enough that's why 🤏
Me that I'm from poor family if I hear say anything anything

It can happen to anyone bro, if you've not been there you won't understand.

realone12:
guy no zeal to again..I didn't have intention of trading throughout this week.. what made me suddenly decided to open a position is what I still don't understand.. abi could it be that trading is not my destiny? coz tthr force that drives me to open that position is beyond me. the funniest part is that I didn't open that position during my trading hours

You should have deleted the account from your mt5 as was suggested to you, but nonetheless, move on. Don't dwell on it. Thinking over it won't do you any good.

realone12:
the way I quickly Rush to announce my success, let me use the same energy to announce my failure.

you can be the most talented trader on earth, but if you are greedy and not discipline, you are as good as a newbie. a Man who cannot say something and stick to his word is not ready to face life.

ladies and gentlemen, meet Realone, the most greedy and indisciplined trader in history of forex trading.. I resolved not to trade again after hitting 65%, but on waking up todays, I opened my chat and saw an almost perfect set up. I quickly made a calculation in my head that even do I lose 4% today I will still end up winning a cash price and a challenge account. that why not take the risk.. I ended up risking 4% of 165000 which is 6600. I thought even if I lose the trade I will end up at around 161k which is still a good position. but what o failed to understand is the DD calculation is based on the initial balance of the 100k, so the 65k profit I earned doesn't account.. that's how I ended up 6600 thinking it's 4% not knowing that everything is being calculated in respect to the initial balance, so that makes the 6600 risked above the 5000 daily DD.. after some few hours I placed the trade, decided to check the trade and I found out that I have breached the daily DD.. just like that.. all the hope all the dream everything was gone. I can only blame myself.. I doubt if I will ever be able to attain this fit coz this trauma Will remain on me for a very long time..

brothers, I present myself for your brutal insults and scolding.. I am my own biggest obstacles

Eleyi gidi gan.
Truth be told bro, you f*cked up. You just lost 300+k and a challenge account. You f*cked up big time. I'm sorry for your loss sha, take heart.
On the positive side, just believe in yourself, believe you can do it again. Also acknowledge the progress as well as the mistakes you've made, it will help you make better decisions in the future. Work more on your discipline and emotions too. Trading is a process, we get better gradually.
Once again, sorry for your loss. Take heart.

realone12:
Today my fundedNext journey came to an end. Henceforth I won't trade this competition account.. I actually aimed for top spot, but us30 and ndx 100 came for my head this evening. So I had to close the trade and run.


At All at all na em bad pass. At least I will get 50k challenge account with $300 cash price.. congratulations to me. I will be getting 25k fundedfx and 50k fundedNext challenge account

Big congrats bro, you did well.🎉🎉

Wiconsefx:


Thank you. How are you doing?

I'm good bro.

PraiseGod4u:
FundedNext doing the lord's work.


Getting ready

Keep winning bro, you deserve it.👍

Wiconsefx:
It’s good to be back here again.

Welcome back, we missed you. Where have you been?

BillAckman:

Your trading pattern reminds me of the legend pipsbasketings. I respect that guy gann
Are you related to him?

It's him.

Lanshile:
The moment we all admit there will always be something to learn in this market and there is a knowledge out there in which you are still ignorant about that will make your trade hit sl then you will start seeing progress
Don't be shy to learn
Samfelly and Realone12 admit this then they are seeing real progress
Donsheddy and charly20 are always ready to learn and I'm certain that they will hit it really big
I always humble myself when it comes to learning something new despite years in the game
The newbie you are looking down on fit surpass you in the game if he is willing to learn and study hard
Let's embrace learning and study hard cos if we dont we fit just dey here in the next 4 years drawing line on chart and the line no go turn to money
Infofirst wont be saving our ass forever
Make we work hard
If you think it is indiscipline that is killing you go and work hard to fight it
You dont have an edge until you become profitable
You dont have an edge if you make profit this week and give it back the following week
Let's go find a way to make things work and I pray to God to deliver us from this market
Market hard but people dey succeed
It will be a beauty if most of us succeed on FTA

Well said bro...
We will surely get there, it's a matter of time and dedication.

GabsonFX2:
US30 Update

If you survived today's move on US30, give thanks to your Head!

I'm still longing it, tomorrow would come bullish and if it does, brothers and sisters, it would be far up north........warning! do not join after that as it would be too late.

Thanks for sharing the chart, i wanted to see what you're seeing.

Proudpolygamist:


Bros imagine say u blow akant few days to Exams, the way your result slip go be like Red pips ehn, u go understand why Bible say you cannot worship 2 masters at the same time😁

GabsonFX2:
US30

You see the reason why I decided not to trade this pair, including Gold, Silver, and USOil for about 3days now.

I saw it was forming bullish candles which normally, I would have swung up - I don't miss it; but eeyy, only one bearish candle today is wiping out all those bullish candles formed in previous days. Better to never trade it at all and go on standby.

Or what's the point of taking a position and running it for 2 to 3 days but only one candle comes to clear all your labor.
Even though I stayed out, I was watching day by day to justify my standby move.

May God bless our handwork

Nice one Boss!!
Following your footsteps.

Elliotwaveforec:

I don comot for this slow motion enter jet.

infofirst:
Who is learning from some of the actions happening in the current competition? Some people are sitting up for real. Some are not ready yet. It's unacceptable to drop from 5% to - 3%..
Quality is better than quantity. Patience better than impatience. Even thou I allowed 2* of 0.1. The one that's really ready will take only one position esp if such is having a poor win rate.

Life oppprtuniry rarely comes more than once. If this opportunity mean something to you. Take it. Such might not happen again in an open way like this again.
I can still see many gambling calling it trading.
I am done ranting.
I saw all my mentions.
Thank you.

Thanks for the opportunity Boss!!
You're a blessing to us.

GabsonFX2:
I need only 1.7% to achieve this scale-up

$100K should become $140K funded account in 3months time

More wins to you Boss!!✌️✌️

Galleryeasy:
Bias for the month, is subjected to change depending on the upcoming events.

AUD dovish
NZD Hawkish
CAD Hawkish
USD Hawkish
GBP Dovish
EUR Dovish..

My previous post I stated that GU and Gold are going down, I don't trade XAUUSD sha . I took some short entries on GU and EU before the market close on Friday which i have closed duringNY open., I was expecting the pullback to come this week but it came sooner than I expected.

Let me clear this, if you don't good technicals you will always be a cat fish, fundamentals and technicals go in hand.

The GU trade I took, I marked out my zones , I call it zone to zone and I will place my alert their, when price gets their I will be patiently waitin for my confirmations before execution.

Until 1.22703 is broken GBPUSD is still bearish, if inflation news this week come out strong and price breaks that 1.22703, i will call it fakeout, but if the inflation news comes out weaker and 1.22703 is raid, obviously the market bias has shifted.

Plans for the week, if if USD bias is shifted to Dovish depending on the inflation news, I will be buying only NZDUSD, but if the reverse is the case I will keep selling AUDUSD,GBPUSD&EURUSD..

NB Safe haven currencies like Dollar and Yen have started gaining strength amid Isreal and Palestine war.

Nice analysis Boss.✌️

Ibrahimlagosian:
Is there not anyway i can remove those arrow from my chart?

Go to settings from the chart interface and untick trade history.

Donsheddy:
Evening guys, so like we all know this past two weeks have been tough on my end, honestly once your psychology is messed up, there's no going back if not properly managed, you go just blow all your account... thank God for the little discipline....
When our big bosses they scream every phase comes with its own challenge, i don experience am real time..
In order words no be to rush pass the challenge if you dont have a stable system in place you will mess it up....

overconfidence kills and low confidence isn't also good, you need to find a balance... i broke alot of my rules and started feeling invincible in the market, well market leta hunt me out....
I still have one bad habit left and i really need to kill it else na big wahala and that habit is over trading and shifting sl when in red....
So i will be taking a break from all my challenge accounts and focus fully on killing this habit ...

So i will take it one week at a time, till whenever I feel im ready....
Well I've brainstormed tire this week until i came across an image one of our big bosses posted here... One good trade per week is enough to grow an account and with unlimited time limit all it will take is time....
Secondly I remembered the account im playing around with is 200k account, with 20k as capital so thats equivalent of 20million,
If i make 500 from that account monthly that 500k even if i start to find work now... I no sure say i go see work wey go pay that amount in 2 years time....
So I've decided to create a ftmo 200k trail account....
I will be aiming for 65 pips every week
Will take the next three months to test run this new stuff if i can hit 65 pips consistently 8weeks out of 12, thats a good progress, so it will eventually take 18 months to conclude phase one and phase two ....
Its far right but i then remembered I've already spent three months and im still in red, so why hurry when i can take it slowly....
So i will still be updating my record like i use to before i deviated due to bad habbit

200k account is 0.9% in DD.
6k account 2.5% in DD
And 10k account 5.4% in Dd.
Its a mess

You're on the right track bro.
It's a process, and this phase shall pass. Focus is all we need.

OfficialP:

Well said. Interpretating the fundamental is the issue. Just look at Friday, with the hot NFP release, USD suppose to pump well, but something else happened.

Personally I believe the xxxusd pump is merely a pullback

Seriously, I've been trying to figure out what happened.

Riverrun:
@gasive, please why were you Disqualified. I would like to know. No offense bro. I just want to know.

I believe it's DD.

rhynoemmie:
First of all
I appreciate all the hardwork that's going on here. I'm not trying to shame nobody, just trying to change our perspective on something.

I want to share this idea of creating a trading floor for fta and I'd like your input. Cc
Infofirst, galleryeasy samfelly gabsonfx charly20 meshpips realone12

Let's think about this, why do hedge funds do so well? What are they doing differently? Anyone who has seen a trading related movie, eg billions. Can say clearly that one outstanding reason why they're doing so well is because one person isn't doing all the job (analysing, putting on positions and monitoring trades).

Everything is properly seperated, theres the analyst and then theres the porfolio managers and then theres those in charge of risk management. It's true that they're people who can do all this on their own as we may know but we can also say that majority faults in one of the Above. We have people who are great traders and bad analysts, those who are great analysts but horrible traders and then there's the select few.
Those who can analyse their trades, put the
appropriate position and still come out on top with their psych intact..

The picture I'm trying to paint is, imagine all this mixed up under one roof (literally). Where everyone is separated based on their strengths instead. You can argue that we're doing the same thing here on nairaland but actually we're not. After all is said and done, When it comes down to actually putting on that trade, all that's there is just you and your device(maybe phone or laptop).

It could be why there are lots of "I know say na me eff up" in the community

What do you guys think, let me know before i decide to go further with this yarn

You're making sense bro, continue.

charly20:



Swing trading is good o but you see that thing where you wait for days/weeks only for a trade to turn red, e dey pain well well.

Seasoned men like our oga GabsónFX2 already get bar to weather their DD. Newbies like Charly20 go learn how to scalp so that dem no go run mad . Wetin I dey talk, even oga GabsónFX2 don talk say him dey scalp sef.

Omo, we go dey alright.
@boss Davigle, wetin do you na wetin dey do us normally.

Some of us based on experience have learnt to manage it to a non-lethal extent.

Who no go no know.

BrightFuture48:

You have raised a lot of valid points, but if you look closely all these are common to whatever time frame you pick. The good things about higher time frame is that the setups are normally rock solid and often less susceptible for being "fake" or gives ample time to for you to decipher if it wrong.

It just matter of practice and discipline we can follow such but because we are use to lower time frame and easy access to our mobile mt4 pnl, we tend to interven much in our trades (emotion).

I will be considering taking my challenge/ competition account off my phone soon so that it can help me reduce such interference. There is NO short cut to this we just have to cultivate the WAITING approach but before and after setup on higher tf.

Yes with such risk management adopted in the competition now you can comfortably withstand 200 to 300 pips DD provided you're trading higher tf.

Alright bro, you're on the right track.👍👍

Davigle:


good evening house
once again it is the indisciplined trader here, reporting myself after fuckingup again. honestly I am battling with indiscipline. I found out that I am very impatient and I am also very greedy. I discovered that my analysis are on point on the higher time frame but my lack of impatience always makes me jump into trades with out waiting for confirmation and there are times that the trade moves in my favour and then I keep wanting more. like today I have been bullish on the dxy and I want to see price reach the consequently encroachment of the monthly fair value gap which I posted in my analysis earlier on. I was also anticipating a bullish nfp which should send dxy to the consequent encroachment and as luck will be on my side and it came out bullish so I shorted US30 and nas100 and it went in my favour crazily I was euphoric and I felt like finally I was doing something right. only for some crazy stunt or only God knows some black swan event came and took price into a crazy massive reversal wiping out all my profits and hitting my stoploss and then putting me back into much deeper drawdown. I feel helpless. what do I need to do to instill discipline into myself. secondly, I discovered that I am not honest with myself. I know I had said earlier on that I was going to only stick with EURUSD but I found out that I do not have the patience for EURUSD as it moves slowly as compared to indices. indices has the kind of movement that I seek because I am an intraday trader. I have been trading us30 on demo with low-risk, and I am more interested in us30 than eurusd. pls elders help me out because I really want to be accountable to myself and achieve the success I so desire, I swore to never give up in trading by the truth is I am my bane and doom, my worst enemy is myself....

Don't be too harsh on yourself bro, you're not alone. Market happened to us today.

BrightFuture48:

This is one of greatest stumbling block many traders are facing and I inclusive.

I am begining to look more at higher time frame, 4H TFT upward to control my impulses to interven in a trade.

Also spend less time on the chart. Set and forget once overall analysis has been completed without undue reanalyzing the charts every time.

Trading higher timesframes is the best. You will have a long term view of the markets, it will help you control your emotions, it will help you control over trading, and many more. But it has its challenges too and that's impatience and discipline.
Since I started trading higher timesframes it hasn't been all rosy but I'm making progress. I wish I started earlier.
I'm still learning but from my experience so far, these are things you should consider;
- do you have a solid entry and exit rules? If you don't you will get burnt really bad.
- will you have the patience to wait for a setup that will conform with your strategy?
- can you handle the disappointment that comes with waiting for weeks for a setup only for it to fail?
- can you control yourself and emotions when a winning trade suddenly becomes a losing trade? It happens often.
- do you have the risk appetite to support 200 to 300pips DD?

MONEY247:

Gabson woooullld always be gabson....
The reason why I joined FTA,...

MUCH respect boss.!

Much respect to him, he knows what he's doing.

GabsonFX2:
Just exactly as expected.

I saw 3 gold buys @ -70, -40, -19pips all 3 trades running @ -$1500, I lafd cos I knew she was searching for SLs. And boom came back up and I closed with $645 for today

That $100K account profit don rise gan

Nice one Boss.👍👍