blackman007:


Oga pips-b can you explain better with a picture or image depicting what you are explaining?? Don’t mean to stress you please...

I had to switch to day trading yesterday to make some pips, now back to swing

GabsonFX:
Gold has been showing swing traders pepper for 3weeks now....

GabsonFX:
I had to switch to day trading yesterday to make some pips, now back to swing

GabsonFX:
This is the analysis @Eryyy92 brought up asking about a valid head and shoulder on NJ - I'm not sure if he later took the trade, but yhee, See the outcome, chai, this is big money. @blackman007, I have attached what you requested, hope it helps and also for those interested.

I analyzed several of this from my pipsbasketings moniker, find time, check them out if you need to see more of this picture analysis.

Kaesyrn:
15 Pips SL for 50 Pips TP...

Shorting GBPUSD in London session....

30 Pips gotten 20 more to go...

BREAK IN MARKET STRUCTURE (BMS)

Took just 40 Pips...

We muevvve at NYSE

Kaesyrn:


NYSE don move past me oh...

My limit wasn't triggered and work didn't allow me manually enter the trade...

40 Sweet Pips up to complete GBPUSD daily 100pips..

Make I just close my MT so dat temptation to FOMO nor go do me...

Awaiting FOMC by 6 if I'll get an OTE...

GabsonFX:
This is the analysis @Eryyy92 brought up asking about a valid head and shoulder on NJ - I'm not sure if he later took the trade, but yhee, See the outcome, chai, this is big money. @blackman007, I have attached what you requested, hope it helps and also for those interested.

I analyzed several of this from my pipsbasketings moniker, find time, check them out if you need to see more of this picture analysis.

Kaesyrn:


NYSE don move past me oh...

My limit wasn't triggered and work didn't allow me manually enter the trade...

50 Sweet Pips up to complete GBPUSD daily 100pips..

Make I just close my MT so dat temptation to FOMO nor go do me...

Awaiting FOMC by 6 if I'll get an OTE...





Omooo what a swift rejection, DXY just ejaculated

romklef:

Not bad , half bread is better than chinchin I dey gbadun your analysis

Kaesyrn:

Big ups Chief...
I see you ahead
Abeg still dey send yours
Make We muevvve together

romklef:



Am an upcoming trader, still learning though

Kaesyrn:


NYSE don move past me oh...

My limit wasn't triggered and work didn't allow me manually enter the trade...

50 Sweet Pips up to complete GBPUSD daily 100pips..

Make I just close my MT so dat temptation to FOMO nor go do me...

Awaiting FOMC by 6 if I'll get an OTE...





Omooo what a swift rejection, DXY just ejaculated

charly20:
Let's see how the day closes. Someone said slow money is better than blown money

Donsheddy:


Na Dem...
Na so Dem dey talk...
The bosses Dem...
Dem no dey ever gree

charly20:
Let's see how the day closes. Someone said slow money is better than blown money

Eryyy92:
Wtf...I'm selling this pair already because of that retest of the broken support.

oh gosh

cdec01:
Hotforex is organising free training in Abuja.
Just want to share the information.

Eryyy92:
Wtf...I'm selling this pair already because of that retest of the broken support.

oh gosh

infofirst:
I commend everyone of us in this business. We shall excel as long as we do not stop taking baby steps every day.
Starting next contest, there will be some adjustment to the rules...The DD Will change to 10%, t.

ILovebigyansh:


The drawdown metrics I don't agree with.

For example,

I bought cable on the M30 right at asia low before the 1000 points move yesterday with 0% DD, price traded to the high then did a pullback which we all saw today forming that double bottom.

Because of that pullback it reads on FX blue live that I had a drawdown of over 1%

Now experienced traders know the markets buys in pullbacks and sells like a waterfall.

I shouldn't be recording a DD when in profit no one can control pullbacks- they happen.

I feel DD should be calculated based on actual closed loss not on floating profit or loss

Someon who trades on the D1 timeframe with 0.01 lots size can have 5-10% DD just after placing the trade but that doesn't mean he has actually lost until he closes the position.

ILovebigyansh:


The drawdown metrics I don't agree with.

For example,

I bought cable on the M30 right at asia low before the 1000 points move yesterday with 0% DD, price traded to the high then did a pullback which we all saw today forming that double bottom.

Because of that pullback it reads on FX blue live that I had a drawdown of over 1%

Now experienced traders know the markets buys in pullbacks and sells like a waterfall.

I shouldn't be recording a DD when in profit no one can control pullbacks- they happen.

I feel DD should be calculated based on actual closed loss not on floating profit or loss

Someon who trades on the D1 timeframe with 0.01 lots size can have 5-10% DD just after placing the trade but that doesn't mean he has actually lost until he closes the position.

infofirst:




Its better you agree with it because that is how it works. No one will wait for trades to close before taking it as DD. Not all DD will eventually end in gains. Its just like saying an account should not close out simply because the trades are still running despite the fact that DD is already 100%

ILovebigyansh:


The drawdown metrics I don't agree with.

For example,

I bought cable on the M30 right at asia low before the 1000 points move yesterday with 0% DD, price traded to the high then did a pullback which we all saw today forming that double bottom.

Because of that pullback it reads on FX blue live that I had a drawdown of over 1%

Now experienced traders know the markets buys in pullbacks and sells like a waterfall.

I shouldn't be recording a DD when in profit no one can control pullbacks- they happen.

I feel DD should be calculated based on actual closed loss not on floating profit or loss

Someon who trades on the D1 timeframe with 0.01 lots size can have 5-10% DD just after placing the trade but that doesn't mean he has actually lost until he closes the position.