₦airaland Forum

Geovanni412:
You have $26 and you went to trade xau,

What exactly were you thinking?

Unless you are a scalper, you have zero business trading gold with that money

Check your broker and if the contract size on indices is 1, you can trade that instead or go for chf crosses

0.01 lot size on us500 with contract size of 1 won't cost you more than $0.6 dollars, if you are a day trader.

SUMMARY
*Always check contract size before trading indices
*The higher the contract size, the more your risk
* With such a small acct, preferably focus on trading chf crosses so you have a longer trading experience.

boss abeg eating he the importance of this contract size?
Thanks Chief.

The uptrend on EU and GU might be resuming. Traders are betting that the ECB will be cutting rates this month of June. As inflation is approaching their 2% target. I will looking to long GU during newyork session.

PS: just my opinion and news I have read.
Stay safe traders.

infofirst:
🤔
If you are to trade a $10k prop challenge and can only trade 0.01lot (10cents per tick) one position max at a time. And can only trade gold, Dax, dow, ndx, oil. How long will it take you to hit 8%?
Is it a waste of time or something that is truly the way to go?

Thank you sir for this angle of RM that you brought up.
For a person who already has his edge and understands that the game is basically probability. There is no certainty for the outcome of each trade.
To be honest, it is okay. But it can be frustrating when it is taking too long to pass a challenge.
Is it a waste of time? For someone who solely depends on trading without another source of income, it can be a waste of time. And give versa.


I am thinking 0.05-0.10 lotsize is decent.

dmahn:
Thanks for asking big man. I experienced a $3.7 DD on the account since 22nd of April. I only traded it once since then.. I abandoned it because I was desperately in need of money which I know will lead to poor decision making and forcing of trades so I had to look for my money elsewhere. The balance stood at $17 as we speak and I ll resume trading it when I'm out of this financial DD. Sometimes we need that real life money as backup to stay confident and discipline.

ehya, it is well boss. I understand. This journey na long one. . . We go make am. This year na our year. By God's grace. 🔥🔥🔥. I hope your financial situation gets sorted out soonest.

Petah:
FOLLOWING OUR OWN SET RULES IS REALLY CHALLENGING IN THIS FX BUSINESS. ESPECIALLY WHEN BILLS ARE WAVING AT YOU.
THE MOMENT WE CAN STICK TO OUR PLAN WITH DEFINITE DISCIPLINE THE BETTER WE GET.

FOR ME, THE MISTAKE THAT HAVE COST ME MOST IS NOT HAVING A SPECIFICIED RR PER TRADE AND TAKING TOO MANY TRADES PER DAY.

IN ORDER TO FACILITATE MY COMMITMENT, I AM POSTING THIS WITH THE THOUGHT THAT PEOPLE WILL HOLD ME ACCOUNTABLE IF I BREAK MY RULES.

THIS IS MY TRADING PLAN FOR THIS WEEK.

[b]1. LONDON SESSION ONLY. (SO HELP ME GOD)
2. FIXED R;R 1:3
3. ONE TRADE PER DAY
4. ONLY EURUSD
5. LOTSIZE 0.10

HOPEFULLY, SOMEONE WILL HOLD ME ACCOUNTABLE TO THIS. ABEG MAKE ONA HOLD ME.
THANKS BOSSES IN THE HOUSE.
I RESPECT AND SALUTE EVERYONE.

I Dan con report myself ooo. I haven't been following the rules I set for myself. 😫😫😫

dmahn:
Wait oo.. Shey no be you them dey advice to avoid Gold on that poor cent account? Show us ur trading history if you don't mind bro, if you lost the account gradually, good! fund again and go again but if you lost the account with just one, two or 3 trades... There's a lot you ll learn from guys here if u can be transparent to let people know ur mistake cause I know the problem here is risk management and wanting to double the account faster

Gold trading and scalping is for pro traders

boss, how are things chief? Are you still trading that your $20 account?? If u still do sir, can you kindly share your screenshot of withdrawal? It has really been helpful. . . Shows me that little win done consistently can be a great gain in the long run.

i agree with you sir. i think thats the phase that signal consistent profitability is close....

Cashhy11:
It's not even the money sometimes, the feeling of getting direction right most of the time is something else entirely. The feeling is heavenly, the confidence in your system up to the roof.

Petah:
Confidence in this business is non negotiable. .
Trust your boss even if idolo drop him own.

🤑🤑🤑
Eurusd.

Monitoring gbpaud. Likely shorts coming.

if the candle close bullish today, i will look for long positions tomorrow. shallom.

Confidence in this business is non negotiable. .
Trust your boss even if idolo drop him own.

🤑🤑🤑
Eurusd.

Monitoring gbpaud. Likely shorts coming.

Petah:
my view;
HAVE BEEN MONITORING THEM.

E U = LOOKING TO SHORT IT, IF LONDON GIVE ME THE PULL BACK I NEED.
GU = IF IT CLOSE WITH A PIN BAR, I WILL WAIT FOR A PULL BACK AND THEN SHORT IT

PS: DAILY CANDLES

WAITING FOR DXY TO CLOSE AROUND 104.5-105 AREA. TODAY.


I AM STILL LEARNING.

amazing. 🤑🤑🤑🤑🤑🤑 Eu short . . .

my view;
HAVE BEEN MONITORING THEM.

E U = LOOKING TO SHORT IT, IF LONDON GIVE ME THE PULL BACK I NEED.
GU = IF IT CLOSE WITH A PIN BAR, I WILL WAIT FOR A PULL BACK AND THEN SHORT IT

PS: DAILY CANDLES

WAITING FOR DXY TO CLOSE AROUND 104.5-105 AREA. TODAY.


I AM STILL LEARNING.

If eu close bullish today I will be looking for longs tomorrow if not. I remain bearish sheot term.

Cashhy11:
If it does that, that's breaking of structure already. I won't even bother buying anymore today if that happens. If this market can flip back up, that would make it creating a double bottom, and that cyan thick horizontal line is a pivot resistance. So many confluences all happening at once.

I've set a buystop order far from the high, so I won't get activated by an ordinary wick, but instead a true candle break. We'll see how it goes. It all depends on if the support will hold enough to catapult the price up.

okay bos s.

Cashhy11:
The resistance held, and the candle couldn't close above it. As you can see, there's a broken counter trend trendline, all needed is the price to close above the horizontal resistance and retest and break the recent high.

I don't have time to monitor this. So if anyone wanna take this trade. Let it get broken, reverse, and the recent high broken after the continuation. Trade like these are almost 90% accurate. The time and patience to wait is the problem.

This M5 and M15 timeframes respectively.

I am expecting it to test the 1.27115 area before it flies. . .

NICE ONE CHIEF.

peteregwu:
On AUDUSD, this is what I am anticipating. I am not perfect but this is what I am seeing

richysam:
wait until 24hrs elaps, and if u still haven't gotten the fund, then chat live support( don't chat then up on the FBS mobile app, rather go through their website via chrome).

The issue could be from the third party company sending you the fund or your bank details might be wrong.

Mine took almost a month to be rectified, I did series of marathon btw my bank n FBS financial team, but eventually I received my fund.

Don't worry u will get your money

thanks Chief. Needed the cash urgently. I received it after like 3-4hours.
I have been using them for a while now. Just love their spread on the cent account.

Please house I withdraw from my FBS cent account to my access bank account. It has been approved on my FBS but yet to receive the money. What do I do??

Are the network of banks down?

Who has used the fbs cent account before?

greatcheer:
Nice one Sam
This account is accounting

welcome back ma

LincolnOnyeabor:
It's Headway sir.

If you need it, I can drop the link for you sir.

thank you I will love that and how long have you been using them sir? Is their deposit and withdrawal fast?? Thanks sir.

LincolnOnyeabor:
Alright thanks very much sir.

Really appreciate it.

Make I go find $5 fund for my Cent Account take start again.

boss, which broker, a time when I used exness, the minimum deposit was $10 even to fund Vet account

samfelly:
No bi lie. And as them dey cash out thousands of dollars reach, them still dey creep enter my dm to ask me how is forex treating me and want to sell one thing or the other.

I begin dey wonder if them really dey cashout all the withdrawal certificates they post every minutes, cos you can't be making such money from trading for yourself and still be trying to sweep in a mere $5 or $15 from a lousy sale (signal)

Interesting. I. Stopped using Twitter till ending of the month.

Petah:
FOLLOWING OUR OWN SET RULES IS REALLY CHALLENGING IN THIS FX BUSINESS. ESPECIALLY WHEN BILLS ARE WAVING AT YOU.
THE MOMENT WE CAN STICK TO OUR PLAN WITH DEFINITE DISCIPLINE THE BETTER WE GET.

FOR ME, THE MISTAKE THAT HAVE COST ME MOST IS NOT HAVING A SPECIFICIED RR PER TRADE AND TAKING TOO MANY TRADES PER DAY.

IN ORDER TO FACILITATE MY COMMITMENT, I AM POSTING THIS WITH THE THOUGHT THAT PEOPLE WILL HOLD ME ACCOUNTABLE IF I BREAK MY RULES.

THIS IS MY TRADING PLAN FOR THIS WEEK.

[b]1. LONDON SESSION ONLY. (SO HELP ME GOD)
2. FIXED R;R 1:3
3. ONE TRADE PER DAY
4. ONLY EURUSD
5. LOTSIZE 0.10

READJUSTED AFTER CONSIDERING THE SUGGESTION OF THE BOSSES IN THE HOUSE

Pondabrown:
LAST TIP:
Avoid Twitter and Instagram traders like your life depends on it especially twitter.
Twitter is the only place where everybody is profitable, all of them are hedge fund millionaires. Trust me, they will make you feel like you aren't a good trader or aren't progressing at all.

thank you chief.

LAxYMAN:
I second this. Avoid No 6.

Its not bad having a fixed RR target, I'm also using a fixed RR but as for No. 6 Troway am

And also I think 2-3 pair is Ok if you are trading from 1H/15M timeframe, But if it is 5M below 1 Pair is Ok.

infofirst:
Test run and let's see outcome after one month to know if it need to b change.
Thou the number 6 is somehow to me.

OKAY CHIEF, I WILL READJUST THE SL AND TP.
THANKS SO MUCH FOR THE INPUT.
ONE MONTH JOURNEY IS ACTIVATED.
WILL DROP UPDATE AT THE END OF THE WEEK TILL THE END OF THE MONTH.
(I SERIOUSLY NEED THAT ACCOUNTABILITY MAYBE MY BODY GO DEY CALM DOWN, LOST SO MUCH ALREADY)

Jameselias:
Been there done that
Listen to that guy's advice

THANKS CHIEF

infofirst:
Test run and let's see outcome after one month to know if it need to b change.
Thou the number 6 is somehow to me.

OKAY BOSS

Pondabrown:
Kindly remove No.2 and 6 from your trading plan or else you will learn the hard way.
There is nothing like fixed SL or TP which you specified in your trading plan.
Some folks here might disagree with me but there is nothing like a fixed RR. You take what the market gives you in terms of RR(nothing less than 1:1 for me though).

thanks chief for looking out. i appreciate.

Pondabrown:
Kindly remove No.2 and 6 from your trading plan or else you will learn the hard way.
There is nothing like fixed SL or TP which you specified in your trading plan.
Some folks here might disagree with me but there is nothing like a fixed RR. You take what the market gives you in terms of RR(nothing less than 1:1 for me though).

THANK YOU, CHIEF. I HAVE DONE MY BACKTESTING ON EURUSD (I CAN STILL BE CORRECTED) AND I FOUND OUT THAT ON AVERAGE BASED ON FINDINGS EU MOVES 20PIPS. WHICH MEANS IT IS POSSIBLE TO CATCH 20 PIPS DAILY. THIS DOESNT MEAN I TRADE DAILY. AS LONG AS I SEE WHAT I AM LOOKING FOR.

FOLLOWING OUR OWN SET RULES IS REALLY CHALLENGING IN THIS FX BUSINESS. ESPECIALLY WHEN BILLS ARE WAVING AT YOU.
THE MOMENT WE CAN STICK TO OUR PLAN WITH DEFINITE DISCIPLINE THE BETTER WE GET.

FOR ME, THE MISTAKE THAT HAVE COST ME MOST IS NOT HAVING A SPECIFICIED RR PER TRADE AND TAKING TOO MANY TRADES PER DAY.

IN ORDER TO FACILITATE MY COMMITMENT, I AM POSTING THIS WITH THE THOUGHT THAT PEOPLE WILL HOLD ME ACCOUNTABLE IF I BREAK MY RULES.

THIS IS MY TRADING PLAN FOR THIS WEEK.

1. LONDON SESSION ONLY. (SO HELP ME GOD)
2. FIXED R;R 1:3
3. ONE TRADE PER DAY
4. ONLY EURUSD
5. LOTSIZE 0.10
6. 5PIP SL AND 20 PIP TP

HOPEFULLY, SOMEONE WILL HOLD ME ACCOUNTABLE TO THIS. ABEG MAKE ONA HOLD ME.
THANKS BOSSES IN THE HOUSE.
I RESPECT AND SALUTE EVERYONE.

NICE

F1re:
Slow day, 200 pips running🦅