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Petah's Posts

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Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 2:58pm On Oct 27, 2023
EASYLIFE4US:

Even if you dey disciplined like 💯, the market go still mess you up. Discipline go jus reduce the fatality by 50% but the other 50% is more than enough to make you loose your shirt
lol. grin
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 3:49pm On Oct 26, 2023
Being disciplined is the only way.

3 Likes 1 Share

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 7:21pm On Oct 25, 2023
@samfelly
Chief thanks, I have seen your hand work. Appreciated.

1 Like

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 5:20pm On Oct 24, 2023
samfelly:


You only sent the password, no account number, sir cheesy
lol, sorry. I have resent it.

1 Like

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 2:11pm On Oct 24, 2023
samfelly:


Sorry, send me the login details (Investor's)
sent sir. Thanks.
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 10:44am On Oct 24, 2023
Please what do I do about this? Bosses in the house

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 3:03am On Oct 24, 2023
Petah:
@samfelly and bosses in the house, good morning. I noticed my darwinex account wasn't updating on the competition list, so I checked it on the FXblue. And this is what it is showing me. I have tried re-entering the investor's password over and over again but the attempt keeps failing. What do I do ooo
it has been like this since yesterday morning. I TRIED updating over and over again.
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 3:02am On Oct 24, 2023
@samfelly and bosses in the house, good morning. I noticed my darwinex account wasn't updating on the competition list, so I checked it on the FXblue. And this is what it is showing me. I have tried re-entering the investor's password over and over again but the attempt keeps failing. What do I do ooo

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 7:32pm On Oct 23, 2023
infofirst:


😂😂😂 90% of most of us here can do the same.
The greed in men no b small.
I have said it over and over, most of us are armed robbers. Na fear of been caught dey stop us from going out to Rob.


To make 65% in less than a month is already greed at her peak.

I remember saying also that it takes one moment of drawdown, more than ten years efforts can go down the drain.
Better to face reality now, risk control can never be over talked, and don't waste years raking gambling gains.. Market dey laugh us doing that. Market knows when he will come for us.

2 Likes

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 3:21pm On Oct 23, 2023
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
I don't what happened. But I think overconfidence got in the way. Thinking the market will play out as usual in your favour. Sorry man, I don't know how you feel. One thing I know is this, you have the potential. Your miscalculation cost you your position. I believe it won't happen next time.
You are still a motivation for me.

Like samfelly posted, psychology is what differentiate traders, there is no new strategy.

3 Likes

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 8:25pm On Oct 19, 2023
Awesome men, a motivation.
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
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 12:12pm On Oct 19, 2023
PraiseGod4u:
FundedNext doing the lord's work.


Getting ready
wow
Congratulations to you chief.

1 Like

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 9:54pm On Oct 18, 2023
kozmicity:


Aye. Why'd you ask?
seeing the lot size of that but limit got me curious Chief. I salute you chief.

1 Like

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 2:56pm On Oct 18, 2023
kozmicity:
Short trades. Nasdaq sell re-entry and EU buy limits set. I'll be buying to my sell zone.

Nasdaq TP is 14902.
a personal account??
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 9:22am On Oct 18, 2023
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

2 Likes

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 9:07am On Oct 18, 2023
Jameselias:

Honestly we need to think outside the box
And forget about all this social media bullshiit
I don't think this business is meant to be conducted the way social media makes it look

It is what it is an investment Long term
Prop firms are simply a leverage and not a get Rich soon schemes
Thanks now for unlimited trading days
over night and weekend holding
Balance based daily draw down

With all this you can now treat it like your own personal account
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 9:24pm On Oct 17, 2023
saintfaculty:
gu did me bad today
sorry chief
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 9:16am On Oct 16, 2023
abham:
My weekly perspective on 10y yield. Personally, I make analysis here to support my bias on other assets and to sharpen my analysis skill.

Till price gets to the top of the blue arrow on weekly, I see no practical reason to buy XXXUSD or sell USDXXX assets as this correlates with dxy and negatively correlates with bonds, fx and Indices, I may be wrong too but this is just my opinion.

Do well to back-test and journal, I'm not even doing enough back-test sef.

Stay disciplined and Have a great week.


thank you for the update chief, what's the importance of this ten year yield? Give you give further explanation on it. Would really appreciate it. Thanks a lot.
Your statement about it correlation is true. I am still learning. Your insight Change a life. Boss.
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 2:35pm On Oct 14, 2023
Bosses in the house,
I am dropping this for the purpose of accountability. Knowing I am dropping my analysis on a forum makes me feel accountable to become more discipline because I overtrade. Thought day trading means everyday trading. Lol.

Things to note:
1. I am a day trader.
2. I don't trade on Mondays. It is part of my strategy.

If there is a candle close around the 1.4600 to 1.4500. My bias will remain bearish. But if it is wick rejection I will see it as liquidity grab.

On Wednesday I will revisit this analysis, thank you. Creative criticisms are welcomed

3 Likes 3 Shares

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 8:09pm On Oct 13, 2023
realone12:
trust me. you already have the skill.. you only need to practice patience. I'm not better than you

That's that patience gan gan na another level
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 11:48am On Oct 12, 2023
dmahn:
Had a wonderful session with boss @GabsonFX2. Thank you so much for your time, attention and explanation. God bless you sire....

I don't want to be selfish 😅,

1. Do not enter a trade without confirmation

2. Professionals loose trades so who are you not to loose

3. Keep working on your system till it becomes an habit
Number 3. New journey.
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 8:08am On Oct 12, 2023
saintfaculty:


Hello there,

Greetings, my friend!

The noted levels play a crucial role within the market dynamics. Many traders, including myself, have observed that these levels hold significant importance as price often reacts by initiating substantial movements—either reversing its course or furthering the prevailing trend.

Referring to PWH, PWL, PDL, PDH, PML, and PMH, these represent the high and low points of past weeks, days, and months. These areas tend to harbor considerable liquidity. Frequently, price gravitates toward these regions, clearing the existing liquidity before making substantial shifts. Consequently, these are the levels that dominate my attention and guide most of my trading decisions.

Similar principles extend to HOW and LOW, even encompassing HOM and LOM. The concept of HOW/LOW was introduced, perhaps by Jeffery Benson, although I can't confirm. Nonetheless, it dawned on me that these levels (HOW/LOW) command substantial respect from price movements.

My trading approach hinges on patiently awaiting price action to reach these critical levels and to demonstrate a reversal structure within these zones before I contemplate executing trades. I am also vigilant for chart and candlestick patterns, and on occasion, Fair Value gaps, order blocks, and ICT concepts. When these patterns align, particularly in proximity to or within those key levels, price tends to react or reverse.

My toolkit further incorporates the utilization of the Fibonacci retracement tool. Let me illustrate:

Considering the attached GBPUSD 15-minute timeframe (TF) image, I exercised patience as I waited for price to retrace to the (0.5-0.618) Fibonacci retracement range. I identified a double top pattern within my specified interest zone. Subsequently, I entered a selling position, with one of my take profits set at the -0.272 Fibonacci extension level. Upon closer inspection, you'll discern that these events unfolded around the HOW, which subsequently led to a pronounced price decline.

In a nutshell, the greater the confluence of factors supporting a trade, the more favorable the outcome tends to be. This encapsulates the essence of my trading strategy, centered around these pivotal levels. I trust this provides an additional layer of insight to complement your existing knowledge. Until then, take care!
Get the right knowledge.
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 12:50am On Oct 12, 2023
FXcandles:
War Palestine vs Israel still becomes hot news today, even Pioneer Natural Resources CEO Scott Sheffield says oil prices could soar significantly if Iran becomes directly involved in the conflict. But yesterday, the oil price dropped low 81.89, which is quite different from analyst expectations, or the impact of war is for the long-term? Another important news, Russian President Vladimir Putin told an energy conference in Moscow on Wednesday that Russia and Saudi Arabia would “most likely” extend output cuts into 2024 and warned that clashes in the Middle East could impact oil exports with higher shipping and insurance costs.

I hail o boss, hoe do you incorporate fundamentals into technicals to place your trades?? Thanks.
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 12:47am On Oct 12, 2023
kozmicity:


Welcome to the club chief.
Thanks my gee. Clarity. Working on my psychology now.

1 Like 1 Share

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 8:00pm On Oct 10, 2023
LIQUIDITY and Structure. . . 🔥🔥🔥
Thank you for the darwinex challenge @infofirst. It is helping me the following ways:
1. I used to take random trades but not anymore
2. My discipline has improved
3. I don't take hasty trades anymore, I wait patiently (still hard though)

Not where I wanna be yet but I am making progress.
God bless.

Just my thoughts: forex is a journey of self discovery. It is a reflection of your emotions, whether you are patient or impatient.
After a year and some days, with serious hardwork, sleepless nights, I finally got my strategy.
LIQUIDITY and MARKET STRUCTURE.

I am working on getting out of my comfort zone. Dealing with my psychology, especially impatience and lack of confidence in my strategy.
I recommend get the right knowledge, study materials not watch STUDY them. You are almost there. Keep pushing bosses in the house.

8 Likes 3 Shares

Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 4:18pm On Oct 10, 2023
Donsheddy:
@everyone for competition...
Dem say make nobody hide his or her trades....
If your trade dey hidden....
Dem fit disqualify you oh...
Abeg go check now to confirm say e no dey hidden
thank you for heads up. Didn't know my account wasn't updating. Thank you.
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 3:11pm On Oct 10, 2023
Bosses in the house, I hail o. I have a question sirs, what do you do to keep your confidence intact when the trade meets your entry criteria ??
Today I took a buy on AU during the new York open, around past 1 till 3pm before the market moved. I got out due to too much rejection candle??
Your advice and thoughts are welcome. Thank you boss.
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 6:53am On Oct 10, 2023
MARKET STRUCTURE AND LIQUIDITY. tongue
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 7:25pm On Oct 08, 2023
@galleryeasy, hsd chief. Hope you didn't forget about the fundamentals sir??
Business / Re: Forex Trade Alerts: Season 23 by Petah(m): 5:42pm On Oct 08, 2023
On EU, just waiting to see it break 1.061. . Key level then I may change my bias to bullish. I am still bearish on EU. I don't trade on Mondays, notice by my journal I always make wrong choice of entry.
So I will be staying away from the chart until Tuesday. On my darwinex challenge i haven't taken a trade yet. Looking for a swing opportunity.
The tension of war happening right now, and how the market closes on Monday is a major part of my strategy. Peace.

If you are interested in swing trading. . .
I recommend listening to Dapo Willis and mthobisi the goat on YouTube.

1 Like

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