₦airaland Forum

Gasive:
I believe GU is bearish from now. It just completed it's head and shoulders set up.

Look it up and thread carefully.

I've taken a sell position already, with a tight SL.

saxy4c:
Buy GU 2430 TP 2500

teemy:
In all, there was no awarded winner. Thanks everyone for your participation.

As stated earlier, I won't be hosting any future contests here.

Wishing you well - Teemy

EmmanuelD1st:
There's still chance for this one...thought it was a loser

ncpat:
Na wa for forex oh see as dem dey wait for me in less than 15 minutes

Hassanolek:
Good day guys, I recently started learning FX on babypips.com and I'm presently at the technical analysis stage. However, I don't how to practice the analysis I'm learning on MT4. For instance, how do I plot/use the support and resistance on the MT4 app on my phone.

I will really appreciate it if anybody can tell me how to go about it.

infofirst:
Smile. Corona no let am show yet o.

Been thinking to give out #5000 each to five members here as palliative measure instead. But the other monster in me be saying that's too small for boys here.
If you think it's nice. Nominate members that you think deserve it.

I have @Kene1245 as first person am nominating after that (fruster) refused to award the prize to him.
What do we think? Nominate yourself or nominate somebody.

Note:: Any one that have displayed big man in the thread will not be considered for the prize but you can nomimate others.

Benqozenero:
Why are you not using the lesson note?

Benqozenero:
Are you trading live or demo? Just asking, nothing really.

PipMarshall:
Now I am going to spend loads of time to work on entries.
And filtering my trades.

'The journey is the reward.'

We keep going.
We keep working haaaard.

PipMarshall:
I reckon EURUSD still needs one or two more 1 hr highs before a drop.

Benqozenero:
If you are still with this trade, i have taken 125pips profit. you can take your profit too or allow it to continue to run.
LET ME GO SELF ISOLATE.

PipMarshall:
It can drop at any time o.

I am just hoping it will reach 1.1000 before continuing down.

Plus I think it's better to see daily candle signals... Before looking for one hour setups...

Just noticing it's rejecting that last daily support... Will it become resistance?

PipMarshall:
It's headed UP.
1.6150 is the destination.

But needs to do a something a little down first.

Benqozenero:
Sent

PipMarshall:
Text book price action from eurusd.
A US dollar world.

I reckon it will continue down.

fucc12:
Would support become resistance?
Would the trend go on?

teemy:
March 16-27, 2020

Registration ends on last contest date

Benqozenero:
Sent.

teemy:
An Idea

I have an idea for a forex competition to help those beginners that need trading funds. The first part being consistency in their trading strategy and sticking to it throughout the duration of the trial.

The Trial

A forex demo trading competition.

Everyone starts with a trading account of $10,000 which is coincidentally similar to a $100 account in cents (more on this later).

Contest starts and runs for the last two weeks of each month.

Awarding the prize

Winner is the trader with the highest ROI or highest balance since all accounts start with the same amount.

At the end of the contest, the highest ranked trader will give me a report of his/her trading strategy and I will authenticate that ALL trades made conform to the trading strategy. Any single off strategy trade will lead to disqualification and prize goes to the next highest ranked trader.


Prize is $100 or equivalent in naira paid into winner's Dom or Savings account. (I will see about raising this and increasing prize positions in coming months).

As an added bonus, I will automate the winning trading strategy into an expert advisor for the winner. I would advice winner should not sell it nor give it out (I will give recommendations on how to make more with it without giving out the farm). There truly is something called the law of diminishing returns.

Grounds For Disqualification

All gurus and pros are not entitled to participate. I would rather you add more to the prize pot. This also includes anyone who has dropped trading signals in any of the nairaland forex threads.

Any new nairaland account that was created from today ontowards is not entitled to participate.

A prize winner for a month is not entitled to a prize in the next immediate month.

The contest trading account should NOT have a drawdown more than 20% of the starting account balance. The concept is to ensure you will maintain money management rules so as not to blow the prize money in a swoop.

Conclusion

All interested participants should give me a mention while I work on setting up the demo contest (most likely on fxblue).

Wishing you well - Teemy