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Forex Trade Alerts: Season 23 - Business (207) - Nairaland

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Re: Forex Trade Alerts: Season 23 by Galleryeasy(m): 11:53am On May 05, 2023
samfelly:


cheesy cheesy the one and only Galleryeasy cheesy, abeg, no spoil show for us o. We don accept the 2% DDD. Na duration of the competition we dey try wan agree on now; 14 days prop firm standard or 30 days broker otherwise standard
grin Some comments here extremely funny.

Even if the lotsize is cap at 0.1 with 1% DD, person wey good go still winnam, the same restrictions will affect other traders. This shouldn't be course of concern. Biko

Just pick one boss, you gat the power. Some persons will like 14, while some will go for 30 days. You can't please everyone bro.

2 Likes

Re: Forex Trade Alerts: Season 23 by karkinase(m): 12:09pm On May 05, 2023
Na wa oo this thread is moving with the speed of light, too many suggestions will ruin the party..Organizer dun talk Wetin he want .. let’s try to work by it.. whether swing or scalper oo.. all na by risk calculations.
Re: Forex Trade Alerts: Season 23 by samfelly: 12:17pm On May 05, 2023
infofirst:
It's not easy to track 2% DD. Make we no stress @samfelly so some people will not accuse him of being bias

I am about to put everything to the test now.

Oya guys, open 50k account and join. It can be random broker. It can be FTMO. Lets test run the parameters in the screenshot


https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1908&rx=1683284598035

1 Share

Re: Forex Trade Alerts: Season 23 by Mystiquefia: 12:19pm On May 05, 2023
pipfisher:


2% draw down limit is ridiculous. Trading should not be treated as slave trade.

LMAO grin grin
una no go kee person for here
Re: Forex Trade Alerts: Season 23 by Mystiquefia: 12:23pm On May 05, 2023
infofirst:


Best is one year for swing traders grin cheesy cheesy cheesy cheesy

πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ™†πŸΏβ€β™‚οΈπŸ™†πŸΏβ€β™‚οΈπŸ™†πŸΏβ€β™‚οΈπŸ™†
Re: Forex Trade Alerts: Season 23 by samfelly: 12:23pm On May 05, 2023
Galleryeasy:
grin Some comments here extremely funny.

Even if the lotsize is cap at 0.1 with 1% DD, person wey good go still winnam, the same restrictions will affect other traders. This shouldn't be course of concern. Biko

Just pick one boss, you gat the power. Some persons will like 14, while some will go for 30 days. You can't please everyone bro.

Yes, we can't please everyone. We'll stick to what will make life less stressful in this competition then. Thanks smiley
Re: Forex Trade Alerts: Season 23 by Kaybee7000(m): 12:38pm On May 05, 2023
samfelly:


I am about to put everything to the test now.

Oya guys, open 50k account and join. It can be random broker. It can be FTMO. Lets test run the parameters in the screenshot


https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1908&rx=1683284598035



Sam have forgotten the process of joining and publishing this things o abeg
Re: Forex Trade Alerts: Season 23 by Kaybee7000(m): 12:45pm On May 05, 2023
samfelly:


I am about to put everything to the test now.

Oya guys, open 50k account and join. It can be random broker. It can be FTMO. Lets test run the parameters in the screenshot


https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1908&rx=1683284598035


Have joined but not showing my moniker

1 Like

Re: Forex Trade Alerts: Season 23 by seeteazain(m): 12:46pm On May 05, 2023
dottozil:


I see no reason why individual suggestions should matter as regards to competition here, it's obvious majority of us here are still newbies, the experience of someone who has been trading for more than 6 years would be invaluable when compared to a newbie , that's why the experienced traders in the house should set the rules and guidelines so we follow simple.

word
Re: Forex Trade Alerts: Season 23 by HumbleTrader: 1:01pm On May 05, 2023
infofirst:


Best is one year for swing traders grin cheesy cheesy cheesy cheesy
Swing traders should host there own competition, where the winner will be announced, 2027

3 Likes

Re: Forex Trade Alerts: Season 23 by HumbleTrader: 1:02pm On May 05, 2023
I'll be selling silver for the next 1 or 2 weeks, and gold for the next 2 month, except there's a strong reversal, then I break even.

1 Like

Re: Forex Trade Alerts: Season 23 by Veenbanks(m): 1:17pm On May 05, 2023
You shouldn't think about how much money you're going to make this week.

Instead, you should ask yourself:

Do I have a plan that keeps me in this business for the next 50 years?

If you do, the money will take care of itself.

4 Likes

Re: Forex Trade Alerts: Season 23 by Donsheddy: 1:40pm On May 05, 2023
Donsheddy:
What im looking at today... Bought gu

Stop loss hit...
Recovery trade
..
Rrr 1:2
Re: Forex Trade Alerts: Season 23 by clems88(m): 1:43pm On May 05, 2023
Gold going back to where it came from grin angry

3 Likes 1 Share

Re: Forex Trade Alerts: Season 23 by Veenbanks(m): 1:47pm On May 05, 2023
Boom 1000
Sell; 9299
TP; 9199
SL; 9350
Apply proper risk management.
Re: Forex Trade Alerts: Season 23 by dmahn(m): 1:58pm On May 05, 2023
Before and After... What a good way to end the week. TP Open

Re: Forex Trade Alerts: Season 23 by infofirst(m): 1:59pm On May 05, 2023
samfelly:


I am about to put everything to the test now.

Oya guys, open 50k account and join. It can be random broker. It can be FTMO. Lets test run the parameters in the screenshot


https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1908&rx=1683284598035

Good settings but the maximum drawdown cash of $1000? How will that work out?

2 Likes

Re: Forex Trade Alerts: Season 23 by Adeleke2023: 2:01pm On May 05, 2023
The swap fee for holding trade overnight with some prop firm can be so high... Dis guy hold a trade for just 27 hours and look at the swap fee... From $130 profit to just $30...

Re: Forex Trade Alerts: Season 23 by DigitalyYours: 2:11pm On May 05, 2023
Adeleke2023:
The swap fee for holding trade overnight with some prop firm can be so high... Dis guy hold a trade for just 27 hours and look at the swap fee... From $130 profit to just $30...

Crazy! πŸ€”

It could be a way of discouraging traders from holding trades overnight.
Re: Forex Trade Alerts: Season 23 by BrightFuture48: 2:28pm On May 05, 2023
pipfisher:


2% draw down limit is ridiculous. Trading should not be treated as slave trade.
LMAO grin slave trade bawo lol. If we can successfully implement this, is going to help in long term because it will force to improve our timing of entry.

We should learn to adjust and re-adjust albeit painfully if that is going to be beneficial in the long run.
Re: Forex Trade Alerts: Season 23 by samfelly: 2:37pm On May 05, 2023
infofirst:


Good settings but the maximum drawdown cash of $1000? How will that work out?

That is the 2% Daily Drawdown of 50k account o
Re: Forex Trade Alerts: Season 23 by kendoschurrle(m): 2:50pm On May 05, 2023
pipfisher:


2% draw down limit is ridiculous. Trading should not be treated as slave trade.

2% na daily DD o. e no too bad. Person don post statistic here before wey show say people wey dem make steady money for prop firm no dey allow daily DD pass 2% sha
Re: Forex Trade Alerts: Season 23 by Ephraimryder(m): 3:27pm On May 05, 2023
E be like nobody don get the update for mavin prop firmπŸ€”πŸ€”.

Maven trading, a prop firm similar to My Forex Funds dey run a one time limited offer where you can get a $5k funded account for just $19 instead of the usual $50. The offer ends on May 8th though.

To get the offer use the link
https://start.maventrading.co/?ref=67 and input the promo code LUCKY19
at checkout to get the $5000 account for just $19. (abeg use my affiliate link when you wan buy the account make I still see food chopπŸ˜‚πŸ²)

They have the same rules as MFF with no minimum trading days limit, a big advantage. They also have a trust pilot rating of 4.9 star🌟🌟🌟🌟🌟 with over 160 reviews.

2 Likes

Re: Forex Trade Alerts: Season 23 by HumbleTrader: 3:28pm On May 05, 2023
I forgot I was trading metals, trade that would have taken a week, took only 4 hours. I saw a reversal, so I took profit.

Silver and Gold

7 Likes 2 Shares

Re: Forex Trade Alerts: Season 23 by Mystiquefia: 3:37pm On May 05, 2023
HumbleTrader:
I forgot I was trading metals, trade that would have taken a week, took only 4 hours. I saw a reversal, so I took profit.

Silver and Gold

you're doing well brotherly!

3 Likes

Re: Forex Trade Alerts: Season 23 by peteregwu(m): 4:57pm On May 05, 2023
peteregwu:
NZDCHF. Risky trade

NZDCHF is making me very angry, it went in profit about 70pips retraced so badly but it's still in my sell zone and had to sell again from 0.56206. I am expecting more 300pips drop from that point from next week. But there is no guarantee in this business, it's probabilities. Fingers crossed. 🀞🀞Stop playing..

5 Likes

Re: Forex Trade Alerts: Season 23 by klinksd: 5:20pm On May 05, 2023
klinksd:
EURUSD pre-NFP, intra-NFP or post-NFP projections for today.

BUY
En: 1.1014
SL: 1.1002
Tp: 1.1085

SELL
En: 1.1085
SL: 1.1105
Tp: 1.1045

Whichever is placed first is the most valid.

...may the blue pips continually be with us.

Good morning traders.πŸ₯‚

SL hit...all projections invalidated.
Re: Forex Trade Alerts: Season 23 by klinksd: 5:23pm On May 05, 2023
HumbleTrader:
I forgot I was trading metals, trade that would have taken a week, took only 4 hours. I saw a reversal, so I took profit.

Silver and Gold

...nice one.
Re: Forex Trade Alerts: Season 23 by TradingMaestro(m): 5:28pm On May 05, 2023
Ephraimryder:
E be like nobody don get the update for mavin prop firmπŸ€”πŸ€”.

Maven trading, a prop firm similar to My Forex Funds dey run a one time limited offer where you can get a $5k funded account for just $19 instead of the usual $50. The offer ends on May 8th though.

To get the offer use the link
https://start.maventrading.co/?ref=67 and input the promo code LUCKY19
at checkout to get the $5000 account for just $19. (abeg use my affiliate link when you wan buy the account make I still see food chopπŸ˜‚πŸ²)

They have the same rules as MFF with no minimum trading days limit, a big advantage. They also have a trust pilot rating of 4.9 star🌟🌟🌟🌟🌟 with over 160 reviews.


Lol
Re: Forex Trade Alerts: Season 23 by sampz: 5:38pm On May 05, 2023
peteregwu:


NZDCHF is making me very angry, it went in profit about 70pips retraced so badly but it's still in my sell zone and had to sell again from 0.56206. I am expecting more 300pips drop from that point from next week. But there is no guarantee in this business, it's probabilities. Fingers crossed. 🀞🀞Stop playing..
Its Probabilities.. well said boss

1 Like

Re: Forex Trade Alerts: Season 23 by Veenbanks(m): 5:45pm On May 05, 2023
Veenbanks:
Boom 1000
Sell; 9299
TP; 9199
SL; 9350
Apply proper risk management.


Still in progress... You take partial profit or wait till TP.

3 Likes

Re: Forex Trade Alerts: Season 23 by exmaysn12000: 7:47pm On May 05, 2023
Random advice, you don't have to take it serious if you have a better approach.

Trading so many pairs can be overwhelming and confusing at the same time, because you unconsciously correlate this many pairs which would likely result in clash in bias. Like, why is NZDUSD giving me sell signal, while NZDCAD or NZDCHF giving me buy signal?

For more peace of mind, and what I personally do at the moment is to stick to only xxxUSD and xxxJPY pairs. Although it's better to stick to only xxxUSD pairs but as we need to meet some targets like propfirms/competition, reason why I include xxxJPY.

If xxxUSD is not comperating with your analysis, xxxJPY would and vice versa.

Now the catch to further niche down is to look at all pairs in a category. In this case, all xxxUSD pairs, which of them is giving vibes and close to your set-up entry.

At any given time, you would likely see just 1 or 2 pairs showing good set-up. Trade it and wait for the outcome.

Don't trade more than 2 different pairs at a time. In a week, 1-2 good trade is enough.

Running helter skelter believing you are a professional trader that can analysis anything analysable would like end in premium tears.

Cheers.

8 Likes

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