₦airaland Forum

NetValueFX:
I am back again. To push myself to higher limits .
In my previous challenge. Link below.
https://www.nairaland.com/6479984/12-months-forex-challenge
I challenged myself to make a compound profit of 30% per month. Though I succeeded but I got bored after 5 months plus.

However in this challenge I am shortening it to 6months instead of the previous 12months target in my former challenge.

Here is the challenge:

Account: $500
Monthly compounding profit: 50%
Max DD: 20%
Average Risk to Reward: 1:6
Risk per trade: 2 to 3%
Minimum Win rate: 50%
Leverage: 1:500
Target Balance after 6 months: $5,500
Use of SL in 75% of my trade ( I have not used SL in years. So it's a challenge for my psychology)

Note: There was too much fight in my previous trade challenge because of too much negative energy. However, I will not be responding to any unconstructive negative comment.

It's called a challenge because it's a difficult task.
It's called a challenge because there is room for failure.

Like in my previous challenge, I am hopeful to come out a Winner again. In as much as FX is a game of probability and many people barely make 5% in a month, winning requires a positive mindset and I must safe guard mine.

Feshizzy:
Market still dey dip

But I'm less worried,
I have seen worse,
This hasn't shake my account yet.

Once you believe in your strategy,
You have more confidence in the market even if every dey red.
You know say e go green eventually.

Cases like this is what turns me from a scalper to swing
Because my scalp most confirm from a swing bias.

CopyJoe:
Sell continuation across my pairs. But I decided not to trade today. Till next week.

Walinco:
I just started now boss..thanks so much..

Elliotwaveforec:
Before and after, bearish, strong dollar; Irrespective of what NFP brings, strong dollar. Price is king,. just my opinion.

Elliotwaveforec:
The expected negative NFP is already being priced in, don't be a victim.

Lordfave98:
Please I just started trading on forex, demo of course but please how do I place a stop loss and my take profit. I use MT5

Forexislife:
I look at forex factory at most 3 times a week. News na distraction. For me, it's trade the charts only.

Skanas:
In my Opinion, your Trading time frame(s) should emanate from your Strategy/Style. I analyse( I scout for OB) on W1 and D1(this is where I get my Best Buy/Sell Zones) while I pull the trigger on H4 or H1 so as to reduce my SL size....so you see, I use different TFs for different purposes because my Strategy permits me...

Fxwarrior:
Allow xauusd to break 1800 region or 1750 region to decide on entry.

It's currently doing "Azonto" and "makossa".

VeeVeeMyLuv:
Bitcoin getting dumped

GabsonFX:
It depends.
For Risk/Money Management reasons, I set my monthly target based on the leverages I have on each account.
For the account with 1:100 leverage, my monthly target is 5%.
For the account with 1:400 leverage, my monthly target is around 30% ish

@pipsbarketing, you are really a very patient man. So you wait for both W & D time-frame to align before pulling the trigger. Nah real patience be dat oooo!

Abambam:
All stop 25-50 pips , profit target is 50ema on 15mins chart.

Disclaimer- Not responsible for anybody.

rev2214:
Let suggest 3-places
1. Answani market
2. Arena Oshodi
3. Odo olowo warehouse

djwalata:
If u have EUR long open position over d weekend, I pity ur SL because d gap no b small at all. Eur is selling no b small.
Notwithstanding, blue pips will surely fall on us.

aaaah! The gap is currently about 20 pips down from market close for eur/usd Click HERE

Pipsbasketings:
Contest Progress Updated

---

3rd Trading Period (Semifinal): 29/Nov/2020 --- 12/Dec/2020 opens on Sunday market open.

Wishing you guys success

hidhrhis:
Any contrary opinion on this pair
im on sell and a friend have being calling me to close it nd buy but im not seeing any buy here

kkins25:
please elaborate, i sabi read well well. did you see my trades or something that made you decuce? abeg, At this point i just fill like im missing a little something from becoming a pro trader... i mean, my setups usually corroborate others but i end up being the one in loss. it beats me...any advice for the boy abeg!!thanks sir!!

Pipsbasketings:
Thanks boss for adding to the contest prize, I'm still speechless

saxy4c:
I enjoy what I do, I've not been in anyone's business here in a while. You give me advice and despite the fact I do not owe you or anyone allegiance, I still listen. I really do not mean any harm to anyone and if just one trader [who was active here and gave value] says I'm the reason they left this space, then I assure the good people that my silence would be promised. It's fine, no real trader trades like me so in summery I am a demo trader and I accept that I am which I actually am. So are demo traders disallowed on this thread? Let me know what all of this is about ladies and gentlemen?

pipnator00:
Nice. It really looks like we are gonna have a reversal there.
Will know more by tomorrow. I dey watch am with him brother too (USDCAD) i sense a possible reversal there also..

Neroiam:
I closed with 10pips.. e get how the market be

location in below photo

bestguycheat:
All what i know is that, all you need do is to know the basics, then study the charts study the lines, and you are good to go, have been making it, you don't need anybody to show you , advanced, discover all by yourself, all those teachers will only eat your money, they will tell you to join their group for free. When you join, the next thing you will see, is pay 45, dollars for advance training, lemme tell you there is noting like advance training, OK!!

Michealeni:
GBP pairs are moving in favor of GBP but GBPAUD seems to be bearish...pls expert in here why is it like that