Lanshile:

Why do you guys like looking for trouble

It is matter bro cos today is Thursday abi u don forget?

Kaybee7000:



It is matter bro cos today is Thursday abi u don forget?

.

My two cents...

If you collect 40-50 pips from the market, just close for the day

Forget Abt collecting more from that direction

Instead set alerts 100 pips away, that price point will rarely ever be hit. Go and sleep or do sth else.

If market ranges 70% of the time, what business do you have trend ff after market has moved by 40-50 pips in a day?

That huge move you expect every day will never happen.

Market will never trend more than 2-3 days in one way without a deep pullback in the opposite direction.

Na wetin market don teach me be this...

Geovanni412:
My two cents...

If you collect 40-50 pips from the market, just close for the day

Forget Abt collecting more from that direction

Instead set alerts 100 pips away, that price point will rarely ever be hit. Go and sleep or do sth else.

If market ranges 70% of the time, what business do you have trend ff after market has moved by 40-50 pips in a day?

That huge move you expect every day will never happen.

Market will never trend more than 2-3 days in one way without a deep pullback in the opposite direction.

Na wetin market don teach me be this...

Funny u even if u are rushing 50pips right ? What of situation whereby ur loosing rate exceed ur Winning rate ? Bro analysis is ur decision,if I have hope of 100pips on a position,let m fetch it na haba mana😒😒😒



Befure u reply m, PEACE IS NOT AN OPTION O,I CHOOSE VAWULENCE INSTEAD ✌️✌️

Risking

Geovanni412:
My two cents...

If you collect 40-50 pips from the market, just close for the day

Forget Abt collecting more from that direction

Instead set alerts 100 pips away, that price point will rarely ever be hit. Go and sleep or do sth else.

If market ranges 70% of the time, what business do you have trend ff after market has moved by 40-50 pips in a day?

That huge move you expect every day will never happen.

Market will never trend more than 2-3 days in one way without a deep pullback in the opposite direction.

Na wetin market don teach me be this...

Some of the things we say Sha..... You can't say market will never .......... Listen, market can trend 10 days in one direction if it wants without a major pull back.

Yes, market trends about 20 to 30 percent of the time and ranges more. But that your statement is not right.

Maybe you haven't stayed long enough to see some "one way kind of" bad trend. Check GBPJPY fall in December of 2007, at least I can't forget this one. Or Check the USDJPY buy I just exited today. It bought from Monday to Today, Thursday... That is 4 days already.

Geovanni412:
My two cents...

If you collect 40-50 pips from the market, just close for the day

Forget Abt collecting more from that direction

Instead set alerts 100 pips away, that price point will rarely ever be hit. Go and sleep or do sth else.

If market ranges 70% of the time, what business do you have trend ff after market has moved by 40-50 pips in a day?

That huge move you expect every day will never happen.

Market will never trend more than 2-3 days in one way without a deep pullback in the opposite direction.

Na wetin market don teach me be this...

Bros

Kindly consult Peteregwu
I am sure he will have a different opinion

RKTexpert:
Wick Candles = Liquidity
Full body Candles = Volumes

Na Pinbar and Engulfing candlesticks una dey give all this plenty name so?

Kaybee7000:



Funny u even if u are rushing 50pips right ? What of situation whereby ur loosing rate exceed ur Winning rate ? Bro analysis is ur decision,if I have hope of 100pips on a position,let m fetch it na haba mana😒😒😒



Befure u reply m, PEACE IS NOT AN OPTION O,I CHOOSE VAWULENCE INSTEAD ✌️✌️

Risking

You can collect 100 pips in a week from a pair in one day

But if you try to get that in one day, you will end up with no money or no edge 9/10 times especially if you trade eurusd or usdchf with a stop loss >/=20 pips.

More often than not, if market moves 40-60 pips in a day, it will reverse and eat the entire move length the next day or at least 50 percent of the previous direction

The reason is simple.

Market rarely ever overshoots the daily ATR value without ranging.

For eurusd, that value hovers between 70-100 pips except during weird times like what happened around 2020 period where it was going for close to 150 pips.

Market no dey move pass daily ATR 9/10 times for every bar on the chart

Even on the few times it overshoots daily ATR, count it....I no dey pass 6 days in an entire month.

So, what happens to the remaining 14 days...if you are trying to pass prop firm?

MFFX now has balance based daily draw down

says who?

geedot:
You're not trading, you're gambling. This method of yours is not sustainable on the long run. Just an advice.

Geovanni412:


You can collect 100 pips in a week from a pair in one day

But if you try to get that in one day, you will end up with no money or no edge 9/10 times especially if you trade eurusd or usdchf with a stop loss >/=20 pips.

More often than not, if market moves 40-60 pips in a day, it will reverse and eat the entire move length the next day or at least 50 percent of the previous direction

The reason is simple.

Market rarely ever overshoots the daily ATR value without ranging.

For eurusd, that value hovers between 70-100 pips except during weird times like what happened around 2020 period where it was going for close to 150 pips.

Market no dey move pass daily ATR 9/10 times for every bar on the chart

Even on the few times it overshoots daily ATR, count it....I no dey pass 6 days in an entire month.

So, what happens to the remaining 14 days...if you are trying to pass prop firm?

For people wondering what ATR is, see more information here:
https://www.google.com/amp/s/www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2011/08/11/Measuring_Volatility_with_Average_True_Range.html/amp

meshpips:


Thanks for the kind words @infofirst.

Now select a few people from this thread that you currently bought accounts for and see them through until withdrawal or payout.

If you cannot do it bro, you are simply wicked. You withdraw money from your own prop accounts right? Help others do same even if you have to charge a fee.

The selfishness in this industry has got to stop. Help others or stop blockading others that offer assistance.

I just came to see all the drama here..... Hmmmm


For the selfishness part in this industry, I will agree with you. It is true. Successful traders will not tell you "everything" they are doing. It cost them too much to become successful and so they will not reveal their trading secrets easily.

Yes, they can help and guild other traders to make profit by allowing them follow their calls. But even their followers "cannot" be exposed to what he/she really knows.

I am a successful traders so I know this. It took me 15 years to become consistent at making profit. I can show you my calls so you follow me and at times even reveal fragments of how I am trading (Elliot wave) but, I will be very foolish to just come here and reveal everything.

So you are very correct, selfishness exist, but it will not stop.

You have to earn their trust and loyalty before they can open up to you. I can hardly count the number of persons I have really revealed how I trade to. Yes, they earned it. And they are producing similar kind of my result.

OneMillionBTC:




Some of the things we say Sha..... You can't say market will never .......... Listen, market can trend 10 days in one direction if it wants without a major pull back.

Yes, market trends about 20 to 30 percent of the time and ranges more. But that your statement is not right.

Maybe you haven't stayed long enough to see some "one way kind of" bad trend. Check GBPJPY fall in December of 2007, at least I can't forget this one. Or Check the USDJPY buy I just exited today. It bought from Monday to Today, Thursday... That is 4 days already.

The rule is day 3 , expect a pullback . Worst case scenario is day 5

Anyway, I checked out gbpjpy on December 2007

The lines I showed are days in which it pulled back

I don't know about you, but as a day trader, my stop loss is between 20-40 pips.

On day 3, market entered a minor range , I marked the area

On day 5 , market entered a much longer range, I also marked the area.

You can confirm this from the chart as well.

I didn't invent this principle and I know nothing works 100% of the time.

Learnt it from the book Trading Price Action: Trends by Al Brooks.

I also know of 10 days....

The rule of 8-12 bars of sakatas is that market gets exhausted within 8-12 bars of trending.

I learnt that from reading Beyond Candlesticks by Steve Nison

Fact of the matter is most of us are looking to trade on a day to day basis either for prop firm or personally.

So, I gave a practical tip which can be verified by anybody

After 2 outside bars, day 3 will be a pinbar or range day 9/10 times.

Good job sir, I am motivated. since you are Peter , can i be your Andrew.

peteregwu:
I wanted to buy a prop firm of 5k and I looked at it and thought, what if I buy it now and mistakenly blow it? What I did was that, I used the 50usd money and funded a live account with xm and I was given a credit bonus of about 20usd. Then I started trading. My plan was to build that account to like 400, then withdraw the 50 usd from it and buy a 5k account and today, the account is running 200 plus. Una see my sense. The account is below 😂😂😂

On the 1st of August I decide to get prop-firm account but had a change of mind to grow the account to at least $100 with $36 deposits before subscribing for pro-firm.. Then boom I funded deriv and traded synthetics and today the account is gone..

I went against my rule and traded synthetics which I vowed not to..

That was over a year ago.

If i remember correctly, that was in December of 2021

😅😅I found it so funny back then

Geovanni412:




Very funny....

There was a guy like that on the crypto thread

The guy also used VAP to trade

He used to talk about how he did great things in London

Na so dem give am $100 to trade, the guy deactivate im moniker deflover for many months till now.

Maybe na d same guy with different moniker.

OneMillionBTC:




Some of the things we say Sha..... You can't say market will never .......... Listen, market can trend 10 days in one direction if it wants without a major pull back.

Yes, market trends about 20 to 30 percent of the time and ranges more. But that your statement is not right.

Maybe you haven't stayed long enough to see some "one way kind of" bad trend. Check GBPJPY fall in December of 2007, at least I can't forget this one. Or Check the USDJPY buy I just exited today. It bought from Monday to Today, Thursday... That is 4 days already.

For your USDJPY trade, it obeys the same principle,

The principle is simple...

Day 3 or day 5 must be a range day

Range day means pinbar

On such a day, it is easy to miss your with trend entry or to think the market is reversing especially for newbie day trader

That is the point I was making Abt being careful about day 3.

If you saw my gold analysis earlier, people who entered shorts without waiting at swing high of daily chart around 1930 got slaughtered

Attached are images..

geedot:
You're not trading, you're gambling. This method of yours is not sustainable on the long run. Just an advice.

Dey play....you lack how forex technicals work on the long run. Stop looking at the short run, it's short life.

Geovanni412:


For your USDJPY trade, it obeys the same principle,

The principle is simple...

Day 3 or day 5 must be a range day

Range day means pinbar

Attached are images..

You have said it all, you are a day trader. When I was a day trader, even 10 pips pull back felt like 100pips pull back.

We don't trade similarly so I understand if you don't understand me.

Someone said I was gambling when he saw my trades. He didn't know how I I have suffered in forex over the past 4yrs in gambling and you think, I will continue gambling without getting sense. What you see the way I trade I trade is pure technical analysis and not news or any other style. Let any gambler go and try those exotic pairs if you won't cry. There are levels to this game, yoh don't just see a trade and jump into into without proper analysis. Every trade is well calculated and I am happy that I do share it here sometimes before any move. You think say na play. Go and gamble it na if you think say na gambling. 😎

peteregwu:


Dey play....you lack how forex technicals work on the long run. Stop looking at the short run, it's short life.

I wish they will hear and understand this. At times when successful traders open up and reveal secrets like this, people over look them.

Study successful traders and see how they trade, a major percentage of them swing trade. Some leave the position running for months. With one trade, they make terrible profit.

GabsonFX2:
Gold update.

This trade currently running @ -13pips. No fret at all, Nah. A close above 1925 by today's close, I will manually close the trade by the end of today, else, it will run till tmao, Friday's close.

We don't trade with emotions ----- zero emotion

Bros you too good oooo. I wonder how you take master gold

peteregwu:
Someone said I was gambling when he saw my trades. He didn't know how I I have suffered in forex over the past 4yrs in gambling and you think, I will continue gambling without getting sense. What you see the way I trade I trade is pure technical analysis and not news or any other style. Let any gambler go and try those exotic pairs if you won't cry. There are levels to this game, yoh don't just see a trade and jump into into without proper analysis. Every trade is well calculated and I am happy that I do share it here sometimes before any move. You think say na play. Go and gamble it na if you think say na gambling. 😎

Hahahaha 🤣😂
Dem no fit try am
Dem go wound

peteregwu:
On NZDJPY, I am anticipating a move up to 87.843, from there I would go short and target 64.994

It's like nzdjpy respected my level as I said.

VeeVeeMyLuv:

Hahahaha 🤣😂
Dem no fit try am
Dem go wound

I just dey vex. How will someone tell me I am gambling. Does he think I it's a joke for me to trade those exotic pairs like that without having knowledge of good technicals of how it works. Exotic pairs that is so difficult to trade. Na wao... 😁😁

Geovanni412:


For your USDJPY trade, it obeys the same principle,

The principle is simple...

Day 3 or day 5 must be a range day

Range day means pinbar

On such a day, it is easy to miss your with trend entry or to think the market is reversing especially for newbie day trader

That is the point I was making Abt being careful about day 3.

If you saw my gold analysis earlier, people who entered shorts without waiting at swing high of daily chart around 1930 got slaughtered

Attached are images..

This your chart is on point.

If you see the way I'm waiting for this pair to fall gon

Geovanni412:
My two cents...

If you collect 40-50 pips from the market, just close for the day

Forget Abt collecting more from that direction

Instead set alerts 100 pips away, that price point will rarely ever be hit. Go and sleep or do sth else.

If market ranges 70% of the time, what business do you have trend ff after market has moved by 40-50 pips in a day?

That huge move you expect every day will never happen.

Market will never trend more than 2-3 days in one way without a deep pullback in the opposite direction.

Na wetin market don teach me be this...

Bros is you me cus this my pattern.

GabsonFX2:
I tried avoiding quoting people here on their ideologies in forex, cos many would tend to become defensive which would again lead to a back-and-forth argument with each trying to prove his own rights. But if you are not the type, then we can have a reasonable and productive conversation; however, I will never aim at changing your ideologies about the market since we have different backgrounds in the business.

A lot of things I bolded in your post contradict the fundamentals of forex: Types of forex trader - Scalper, Day trader, Swing trader and Position or long-term trader. And may be you should not get used to some generalized words like: never, will, will not, etc.

Shalom!

I stopped replying him too chief ,his view ,his strategy 👌