CopyJoe:
It's best to avoid gold for now.

Currently on AU & GU sell. Took these trades yesterday.

80+ pips at the moment.

Today's daily candle close will determine whether I'll continue to short both trades or not.

I'll call trades here before entering the trades. It will help for corrections and advice from our experienced bosses.

Cheers!

Feshizzy:


Click on your profile,
And click settings
You will see this particular account, change the permissions to public.

Kaesyrn:


Let's see as this goes...

USDCAD Buy Limit

EP - 1.2500

SL - 1.2485

TP 1 - 1.2530
TP 2 - 1.2550
TP 3 - 1.2580

Kaesyrn:
Good morning OTF

Here we go again on a brand new day...

GBP news release took me up 50 pips this morning, nice way to start the day...

Kaesyrn:
This is not a book about trading per se but I strongly recommend

The Science of Positivity: Stop Negative Thought Patterns by Changing Your Brain Chemistry
from Loretta Breuning PhD.

I think that no matter how much knowledge you have of the markets, trade systems, probability and other statistical techniques, and no matter how intelligently you put all these ideas together, there is another part of your brain that doesn't operate with language or care one iota about what you know.

It can change your brain chemistry, and if you cannot defend yourself against that you are incredibly vulnerable to the markets and to yourself.

I'm sure we have all had moments when our brain chemistry has been changed while trading, when cortisol and adrenaline have put us into some very dark places, nervermind the damage to our accounts.

Not only that, but our 'happy chemicals' can lead us to make poor decisions too, when we feel good about a reward, or feel we should be reaching for a reward, we may pull the trigger on a trade too soon.


https://www.youtube.com/watch?v=CyuQ6b2ymSA

hegelian:


When you copy stuff from forexfactory GBPUSD cable thread learn to acknowledge where u get it from.. You have been doing that lately especially when it's copied verbatim...

Kaesyrn:

• Retest around 1.3840/30 area

• Breaks 1.3865

• Long til 1.39**

⚓ DXY - Bearish

Kaesyrn:

• Retest around 1.3840/30 area

• Breaks 1.3865

• Long til 1.39**

⚓ DXY - Bearish

Kaesyrn:


Limit triggered and running negative 6 pips...

To be honest this call isn't valid much for London session,

I've got a tight stop so I don't lose out much

infofirst:
@Ekesoft, @aluspeciality@don_sheddy I have your log ins

@donvic4u. I do not have your log ins.
@wavesandgold @netvaluefx4 @jbinary @charly20 @oobash... I do not have your logins as well.
I have included the login submissions in the next contest rules. There will be penalty for non compliance next time but for this time, we will manage it.
Those I have mentioned and outside of top three should try and let me have the logins so they will be qualified for the complimentary prizes.
It was a bit slow this week and then we still did not too bad.
Lets keep it up.

@Aluspecialty appears to be the most consistent so far. Are you ready for a live account management? should I make your own next contest account a live account of $1000. So you can trade $1000 for two weeks and you will get 50% of the profit and still get the prize for either 1st, 2nd or 3rd. And the rest of the 50% profit will be shared among competitors that did good. Game? Ready? What do you think?

KingPipmarshall:
USDJPY Trade Plan

Tf: 4hr

Bias: Shorts

Feshizzy:


Who see your name ElliottWave would believe you know what you are saying.

Do you understand the term "drawdown on equity" ?

You have been replying on my drawdown post since and you clearly still done get the point.


There's different form of drawdowns
Which is:
Relative drawdown,
Maximum drawdown
Average drawdown
Equity drawdown


You guys like to quote rules here and there,
But time to show proof you practice what you preach.
You go silent.

Ps.
You can have a 10% average drawdown, 20% maximum drawdown, 60% equity drawdown in one account when analysing it

situations:
how i work am going to execute no more than 8 US30 trades in a month on the prop account this removes the drawdown automatically you only need 800pips to make above 80% profit monthly you have ordered a $50,000 account size with the prop now let's calculate your profit monthly $50 × 800pips = $40,000 am going to use $50 per 1 pip lot size on a 50k account & this makes $40,000 on a 50k account order then you spilt 70|30 with the prop and you spilt 50|50 with me

Make Risk Free Money
F*** OFF Haters

Donsheddyguru:
Let me make my simple suggestions....

Some traders are scalpers...
While some traders are swing traders that aim for a lot of pips...
The rule should try to accommodate every one.....
Some traders trade multiple pairs...
While some trade just one pair....
For me I think sticking with just Currency pairs will do alot of good....
And make the contest a bit fair....
I can suggest max 0.05lots
If you're trading single pair...
Max open lot should be 0.05 you can decide to go all in once or open 5 different positions with 0.01 each....

If you're trading multiple pairs you are not allowed to open max 5 pairs at 0.01 lots or you can decide to open two pairs at 0.025 lots each, depends on you....
But total sum of open lots shouldn't exceed 0.05....
That way the contest will be fair

It's not all about pips....
Someone can decide to open 5 positions at same time targeting let's say 20 pips...

Trader A might decide to go all all with 0.05 lots in a single position in the same pair and the system will record 20 pips....

While Trader B might decide to open 5 positions with 0.01 lots target same 20 pips at the same time

Well the system will record 100 pips....

Note both of them target same pips but used different method or approach...

Taking same risk

That's it bro

VlamesIffect:


Abegi jare....your english 2 much....Join next contest make you prove all your talk...at least we dun c some people wey talk and do....

But i agree with you on 1 thing sha...if you dey lose 6 out of 10 trades he no bad na.. risk management dey talk. Person wey they use 1:8 risk management fit lose 8 out of 10 trades still make 50% profit.

Feshizzy:




The English dey come like anointing

The contest is for short term traders and too much rules which is understandable.
I for one can hold a trading position for 2 months
We are in for the long shot now.

NetValueFX:

Swaps go chop your money finish. I used to trade that way. However, I have found a way to keep it within two weeks.

Kaesyrn:


⚓ GBPUSD soaring

⚓ DXY - Bearish

Feshizzy:


You are right though,
It depends on the pair and if it's bid or ask..

In the end of the day what maters is the consistent greens.

I see your challenge 2k to 40k in a year, that's some serious ball of steel.

Best i can do is turn 2k to 5k in a year as now

Feshizzy:




The English dey come like anointing

The contest is for short term traders and too much rules which is understandable.
I for one can hold a trading position for 2 months
We are in for the long shot now.

NetValueFX:

Swaps go chop your money finish. I used to trade that way. However, I have found a way to keep it within two weeks.

VlamesIffect:


Or make e go use ECN acct....na both swap & commission go finish am....
To trade all those big time frame sef pesin need big money

VlamesIffect:


I know sabi wetin una dey see 4 that D1 or W1 time frame....

Na the same pattern dey happen for all timsframes... Why you go wait for long to make the same profits you go make In a short period...
Person wey dey trade like you gaz get other sourcse of income....