₦airaland Forum

teemy:
yes

you are really doing great sir. am looking further to going full time soon. currently building up equity.

teemy:
I was once under those types of stress for so long a time. Members here that started this thread in January would remember my saying I have a target to start trading by mid year after ensuring my power supply issue was totally resolved. By mid year I was fully solar powered.

Right now I have another milestone; suspending live except on play accounts and concentrating on demo and contests till January 2018. I would be using those to achieve my 30% consistency for 3 months before targeting 30% on live and shifting the demo accounts for 60% targets. That way I would have built my confidence using demo to achieve targets before putting good money on the line.

Another thing that causes stress is trading other people's money and having a risk of loss. someone with a conscience would surely be drained and fear and uncertainty would ensure the account runs down which is when the eyes will clear.

For now everything is looking good for me and I plan to keep it that way.

I love your plan and strategy. Keep up the good work bro.

Yes. Trading other peoples puts us under a lot of pressure, either to meet up or not to lose the money(we tend to over-trade.)

Are you a full time trader?

teemy:
Actually most nigerian traders can produce double an account in a month and even weekly. the problem has always been consistency. My formular is just one way to work on one's targets and achieving them in an easy to work timeline.

what you said is true, is all about consistency

redsox11:
You see why we have to stack trades lol I know I can't be like CJ but I need to be better mehn... So much room for improvement. See all the space just empty. It's terrible. I need to work on it on demo and transfer it to my real account.

sure bro, we need it. so we can break the bank.

cj is just too good, the man dey vex gan

they is always room for improvement. am still studying those cj materials and doing more research.

I came across some stuffs on a similar trading system " 3MW trading"on ff, ( but I heard ff either hid or closed it. the results were mind blowing) I can only access the first n last pages of the thread...will share the link later here

wamiikechukwu:
guys look at USDCAD, i had to close my open position, i think a reversal is booming

same here. didnt see any entries for a sell

redsox11:
Good trade you've got there, I'm still in those too, entered little earlier.
Do you ever stack trades? I've heard that's where the money is.


I need to set up a demo account to work something out and see what I'm comfortable with.

Ps: Just set up a sub live account for my 9 net wins challenge. Nobody want to join here? it's just tiny 100$ challenge
I'll only be entering my A++ set up, bad thing is that those don't appear frequently enough.
Set up with 10-20 pips max. I'll be aiming for anything 80-200 pips.
Challenge requires only 1:2 RR.

You guys should wish me luck

Any pointers for me before I go ahead with my challenge?

Yea. Thanks. The was a bit late, it was when I saw it.
‎
Currently I don't stack trades but am working on it. Would be loving tho. Sure thats where the money is.

Sure, am still learning and testing some of cj 's stuff on demo. I know I do lack patience at times(i wish say I fit dey as patient as pipsbasketings, that guy nah boss)

Am interested in the challenge but not mentally ready now. Am a bit distracted now

Yes, those A++ setup don't always come by all the time but they are worth the wait with regards to challenge( no be small be that).

For me, I will go for a shorter TP, 40-50pips.

Here some idea from a guy that did 50usd to 500usd, hes RR is 2:1, hes SL is twice hes TP in pips.‎

redsox11:
Haven't heard of the society. Good idea but I can tell you for sure this is Sooooooo difficult to achieve, aiming for 100% every month also suggest blow your account in a month.

Mine is more of a challenge, no one should trade his/her real account that way. Mine is just 9 net wins, can't even compare to yours. I won't even attempt yours because I think it's very difficult and only few people in this world can attain it. I can't realistic say % I'll attain at the end of the month, I just follow the market.

So are you working on this right now?

Ps: Why are you guys selling U/J now , I need it to close bullish, so I can sell the sh*t out of it tomorrow and make boat loads of $$$... Please help push it back up

I have heard about the 100% monthly system, but I prefer the 9 net wins. to me its do-able currently. I just need to take my time and pick very nice entries with a high win rate

GBPCHF 150+ pips
GBPUSD 100+ pips

[quote author=redsox11 post=61012455][/quote]when I started I tried a lot of strategy and systems like renko bars, MACD, heiken ashi with EMA, CCI, RSI, I made profit but I wasn't consistent.

but somehow I kept coming across price action trading, I actually learnt a lot until someone mentioned captain jack on this thread(it caught my attention). so far my trading have improved since then.

this guy is not serious, if this david imonitie is who he claims to be, why charge for seminar? after all hes a millionaire the venue is even a cheap event center

some years back, I attended a seminar by greg secker at eko hotel and suites and it was free...thats how it should be done if you claim to be a successful trader.

baba redsox11, I still dey learn oooh. I dey try see if I be like una. am still learning everyday... I can still learn one or two things from you sir

redsox11:
Not for NEWBIES. Won't be held responsible for any mishap.

Some fun game to play with people that's got experience and balls of steel. Originally from R2R;

The Math R:R 1:2.... 9 wining trades. doesn't have to be straight wins.

You get the point? As long as you get those 9 Net Winning Trades, you will make a 100,000% gain. Of course not losing streak.

T1 -Balance $100 - Risk $50 - Take Profit $100
T2 -Balance $200 - Risk $100 - Take Profit $200
T3 -Balance $400 - Risk $200 - Take Profit $400
T4 -Balance $800 - Risk $400 - Take Profit $800
T5 -Balance $1600 - Risk $800 - Take Profit $1600

T6 -Balance $3200 - Risk $1600 - Take Profit $3200
T7 -Balance $6400 - Risk $3200 - Take Profit $6400
T8 -Balance $12800 - Risk $6400 - Take Profit $12800
T9 -Balance $25600 - Risk $12800 - Take Profit $25600

Which totals = Balance $51200


When you use a 50% stop loss and 100% take profit, a losing trade will only cause you to lose the profit you made on the last trade. When you scale your leverage down to compensate for the loss, a winning trade will get you back to where you were before the last trade.

yea I saw it in ff earlier, I think its possible, a certain guy/man in nairaland has done it before($50-$500+) in 5 trades. there was how he did the calculation(i have forgotten) on the lot size.

I think if you take the best entries( pinning it on the foxes tails) you stand a greater chance

Note: newbies keep off, I stay away for now maybe in the near future(when I get plenty dollars to throway)

lala come carry your snake friend oooh, my hand no dey am oooh

Gold setup, anyone on Gold sell?

redsox11:


I love this your set up, you've got everything going for it. This is perfect trade in my book.

1, W structure on 4hr and even on 1hr chart, if you go further down.
2, Trapping volume on daily chart.
3, Price coming off weekly low.
4, A lot of support down there to push the price back up.

Ps: Is it 100% that you'll hit your target?? Of course not BUT you've stacked all the odds in your favour and that's all you could do and wait for the market to play out.

yea, all I have to do now is wait.

W formation on H4 USDJPY(same on D1), prior to reading CJ's PDF, I wasn't the SL guy, but the light turned on for me in that aspect.

redsox11:
So how is it coming along for you? Is the light coming on for you or not yet?
DO NOT sign up for the premium service" It's not run by him" , it's not worth it. I have few friends in there and even got some of the videos.

You might need to go through the pdf few times before you start getting it.

so far, its going fine, the light is coming on gradually, am currently on the second read now, study charts he posted too.

sure.

redsox11:
Yes partly as I have other things in my tools before, maybe coz I couldn’t grasp it fully, so I have incorporated it with my style.

yes, abit difficult to grasp, but u got the whole idea of why he showed how he trades, not for you to trade like him but to incorporate one or two stuffs into yours, that will improve your system.

more greens to us

redsox11:
PATTERN REPEAT ITSELF, find it and it has to be at the right place.

My yesterday AJ trade....

1 - Gave you a pin (I know people have different definition of pin, but this is called pin too lol )
2 - Shows it couldn't break up the high of # 1 candle...
3 - Breaks the high, giving people false hope of buying, but watch it couldn't close above the high. It fell back.

Then enter with low risk, or wait for market to retest the high of candle # 3, then enter with even more tight SL.
Hope this turn on the light for some people.
#SharingNuggets.

Ps: I've tried, lemme crawl back to my angle

Pps: Find the pattern that works for you and keep sticking it to them. Even better if you have more than few of "them" patterns.

I see you are using captains naked trading style. am currently reading up on his works.

messi now

Dogberry:
Hello all,

I am not here to scam you out of money, but before reading further, I MUST warn you that you WILL have losses. The trick is to minimize the losses and maximize the profit. 95% of the people who start, will not succeed because they have no clue what they are doing. I have not solved everything and on daily bases I learn more and more. Though what I have achieved is a steady income, which allowed me to quit my job and spend about an hour per day behind the computer.

There are two simple, but very IMPORTANT rules:
1. Don't get greedy, because your own greed will be your downfall!
2. Have patience!

If you are still reading, I caught your attention. Let me tell a little bit about myself:
Few years ago I read an article about some genius kid in Europe, who made $72 million in his free time by trading stocks on the stock market. The guy got found out as he tried to buy a car, but because he hadn't reached the legal age for driving a car, his parents were called and he owned up he skipped school to trade on the stock market. I read this and I thought to myself 'I wish I was that smart'. I started reading more and more about the stock market and at one point I came across a platform, which allows me to practice. With virtual money I started to practice and got more and more interested. I discovered you don't need to be a genius, you just need to have common sense.

I enrolled in a few courses where everything was explained as if it was for a 6 year old. No fancy words or difficult to read books. Just normal English. Obviously these courses aren't for free, because they potentially can make you a very rich person and information has its price. I invested approximately GBP10000 in a few courses and really got into it. Now that is a lot of money, you would say, but if you continue reading you will see it was worth the investment.

I deposited €300,- in a trading account and started trading with the things I learned. €0.20 was what I used to trade with. Following the two main rules, I placed my first trade and waited for a while. It turned out that my trade was a good one and I made a profit of €7.00. Not a big profit you would say, but hey this was my first trade with my own money and if €7.00 isn't good enough for you, likely you are the greedy and impatience kind of person and I tell you to stop reading, because you will end up losing your money - I am 100% sure of that.

Now I am 8 years further and long time ago I stepped away from €0.20 and am able to trade with maximum €25.00. I make about 25 trades a month and spend about an hour behind the computer daily. Not completely accurate because there are days I spend a little bit longer behind the computer, but this is when there's news about unemployment figures or some scandal in some company, which can affect the stocks I bought into. Still I am far away from $72 million and I have no ambition to have such an amount of money on my account. Would be nice, but I would probably waste it on stuff I don't need anyway or party myself to death. I am now 42 years and can honestly say that my pension has been taken care of, I own 2 apartments and a house, have a nice car and am financially independed. I can see my kids grow up, hug my wife whenever I want, because I work from home and decide to work whenever I want. I do get up early in the morning to read all the news I can find on the internet and based on that I decide to make my trades.

I got quite good at this and now have reached a ratio of winning trades of 7 out of 10 for a consecutive 60 months. Don't think this came at no price, because although 7 winning trades sounds nice, 3 losing trades can completely wipe out all of your money. There are BIG RISKS involved, but with good risk management, I minimize my losses and maximize my profits. On Wall street they use million dollar costing software with very complex algorithms and they actually score win/loss ration of 50/50%. Still they make millions of profit seen over a year, but also they have there good months and bad month. They leave trades on for several days or weeks, as where I keep my trades open for few minutes only. Obviously you will understand that with €25.00 per trade this can go very quick. In a bad month I make about €2500 a month, but in a good month I make €7000 or more. My highest win ever was recently when I traded the BREXIT where I stayed up all night to make the trades. I made over €200,000 in one night, but such will only happen once in a blue moon. I must warn you that I also had losses of €1600, but over a month I managed to come out on top. Now before you are getting all excited, you will need to start at the very beginning and take your small profits of €7.00 or even less. You got to learn how to crawl first before you learn how to walk. When you have mastered walking, you can start running. Same with the trading game.

If you have reached this point reading, you are genuinely interested and I suggest to download (for free) METATRADER 4 or 5 on your computer or tablet. I wouldn't recommend a smart phone, because of the smaller screen, but it can be done on your smartphone. When downloaded open a demo account with virtual money. I suggest not to go for the high amounts of virtual money, because let's be honest: you're reading this because you want little extra income. If you are reading this on the date it was posted, I tell you to buy gold. Make the trade with $1 or €1 and leave it open for a few minutes. You will see €1 turning into €18 very quickly (virtual money). Close the trade whenever you think you should (remember the 2 rules). Nice, but doesn't always work like that - for the next few days you must make some trades on your own and hopefully you make some bad trades. I don't say this because I want you to lose, I say this because I want you to see what can happen. Once again YOU CAN LOSE ALL YOUR MONEY IF YOU DON'T KNOW WHAT YOU ARE DOING!! (even if you know what you are doing you can lose your money but that because you broke the 2 simple rules.

If you have done all that and are still interested, I can help you - mail me at ken.bellend@gmx.com for further details. I will never tell you what to trade, because I don't want people to point the finger at me if I got it wrong. Though what I can teach you is how to read the graphics and how to find the right entry points and exit points.

Good luck!

I sent you pm

Ekiti man 1: what is OP saying sef

Ekiti man 2: no mind OP jawe, abeg you know when baba oshoko go share that 5 cups of rice for nylon.

Ekiti man 1: I no know ooooh, but make we go ministry of stomach infrastructure.

wickyyolo:
But you're still a newbie

thank you for that, we are all newbies, cos we learn everyday, thats why we visit forums to share ideas

who dash you, you better go and become queen of your marriage.

These guys are dope, I love their dance steps in that music video

Like I care

Let me drink water its more important than gold chain, at least it can save my life

When we have people like Evans....mtchewww

Evans people

Nah the Nigerian way be that