Good morning house

In trading, one strategy is enough to earn a living
Dont jump from strategy to strategy because you faced some losess or because another trader won massively with a new strategy


Pick one strategy, master it and become a god over that one strategy, only then you can see the market through your strategy

Jumping from one strategy to another is counter productive because in forex there is a thing called cycle of doom and that shît can keep you at one spot for a very long time

GabsonFX2:
I told you I will reply you ONLY with result, you think I was joking. Now see attached of those gold long. Total profit = $392.60

The new profit for that same 100K account is now $6153.34

Expected withdrawal on Oct 14
= 0.9*6153.34 + 513*1.5 + 1950

= $8,257


You had only one opportunity to learn why I moved my SL, but like I always say: you will never learn and your previous 3 generations keep cycling a point.

Alayebaje pro max

Yes o, it's about confidence! I waited too.

US30 re-entered!

adesiku:
I've been an active trader for about 2 years now and I can comfortably say I'm still a novice, probably due to bad mentorship, lack of strategy and plan, and not being disciplined.
After consistently losing accounts, I took a break and I told myself I needed a strategy and a change of mentor. So I started reading ebooks, watching YouTube videos, and even paid some Instagram mentors I eventually found out that I'm even better than them.
Long story short, I adopted the support and resistant strategy, along with trendline. On my demo account, my winning rate with these strategies was about 55-60%. I started gaining confidence bit by bit but my problem is that the value of my 40% losing rate is usually higher than the value of my TP. Yeah, I need more confidence to allow my trade to play out and not close up a winning trade early. That, I need to work on.
That being said, I was reading through the comments a few weeks ago about an argument on support and resistance when I saw the comment of Boss Gabson FX2 where he said he buys at the resistant and sells at the support. I was like MOGBE!!! I looked at my SNR strategy, I looked at his comment, and I was like which kai wahala be this, was confused cos boss has been making good profits, and I started doubting my SNR strategy. That weekend, I was forced to backtest it with Gold(my one and only love).
After my research, this was what I learned:
1. Some people usually say the more the support and resistance are tested, the stronger it becomes. My research says otherwise, the more they are tested, the weaker they become
2. In an uptrend market, the resistance can be easily broken, likewise in the downtrend market, the support can be broken easily. This is why I believed Boss Gabson FX2 when he said he sells at the support zone and buys at resistant. In fact, when this zone breaks out, na with a big move. The more the move, the more the profit.

We learn every day. I won't give up until I become a PRO.

You need to fix your risk to reward ratio too. And going by what you said, I think you should try breakout strategies.

More GA sells off this zone. I may enter I may not, but it's definitely a zone to watch.


And my TP is now 1.89800 reason being GA is now in an uptrend or at the beginning of one on the H4, I don't wanna go to extremes against it.

Welcome To A New Day Traders

Proudpolygamist:


Boss why did Maven reduce their Leverage from 1:30 to 1:5?

✅

GabsonFX2:
Sir, this person you quoted made a statement that has been always confusing me and I'd like your honest Inputs for more Clarifications sir.

How do we let our Winners run??

You don't know if a winning trade will run or continue to run if you don't have an exit plan, in other words, exit strategy.
Ask yourself, what do you look for in exiting a trade, candle or indicator, price action, RRR?

Because say for instance, my RR is 1:3 and my TP is hit, how again can I let the Winners run??

Now, your RRR is your exit strategy, be contented with the X3, whatever the market does after that is none of your concern, if she likes let her go to 1:20. You exit jejely and find other opportunity eslewhere

I read this book, Best Loser wins and he advocated for something like this in the book. He said One should just set a Stop Loss and Learn to cut losses short but leave our Trades open to see how far the market would go in profits.

It is NOT just about leaving trades OPEN, it is about having a definite divine and defined exit strategy. Again, have what you look for to say EXIT.

But for those of us that aren't constantly bat the Charts or our Trading Desks to monitor price, how do we reconcile this sir?? I've also suffered a bit from Taking profits at 2-3R while price goes on and does a 4-6R but I don't know how to just leave TP open as I might not be constantly checking it.

Refer to the answer above.

What do you Advice or suggest sir??

Advised above

Thanks very much sir.

EU just moving one kind one kind today sha.

Make him face one side na

Gold buy update
London session

just entered Gold buy @ 1820...Sl : 1815 so help me God ...till evening time I will check again

Hmmmmmm

Yeah.. Gold is in a strong buy zone.. But I will only be interested in gold if this happens... However if the BO happened and the retest also BO to the opposite.. I will go in full margin 😅

PIPSMARSHALL:
Gold buy update
London session

And why are you buying in a range and your SL is still in that same range sire? Why not give it little space to breath

dmahn:


And why are you buying in a range and your SL is still in that same range sire? Why not give it little space to breath

because I dont know what will happen next. I just set stops and hope I'm right. That stoploss is enough space.

kozmicity:
More GA sells off this zone. I may enter I may not, but it's definitely a zone to watch.


And my TP is now 1.89800 reason being GA is now in an uptrend or at the beginning of one on the H4, I don't wanna go to extremes against it.

Possible re-entry on Us30

You can easily improve patient if you know exactly what you want to see before you execute.

List them out and make sure you see everyone or some of them before you buy or sell.



Copied from mr malik
And edited by me

Thanks boss

GabsonFX2:
As you journey through this learning curve, please, do NOT ignore the fundamentals you have learnt about support and resistance cos I don't as well. My message was I can do any (long or short) at resistance AND long or short at support.

As you keep learning and growing, you will know when it's the right time to shed some of those theories. Wishing you success as you journey through.

kozmicity:



You need to fix your risk to reward ratio too. And going by what you said, I think you should try breakout strategies.

Thanks boss.

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PIPSMARSHALL:
Gold buy update
London session

Trade closed. Waiting for big players money

Advice from a wise and professional trader:

"The market is already Aggressive, you don't need to be aggressive also

You have decided to trade the 1 minute timeframe because u believe

"more trades is equal more profits"

U have also decided to trade 40 pairs for maximum profits

Now u are wondering why u are constantly on Tramadol, Alabukun & Panadol

"No be JuJu be that" ?

Copied from
Fillipo saga

Hello Everyone..... I just bought EURNZD

TP 1 is at 1.7785

OneMillionBTC:
Hello Everyone..... I just bought EURNZD

TP 1 is at 1.7785

brother can i know the Dy. It kinda look like a solid SELL.

OneMillionBTC:
Hello Everyone..... I just bought EURNZD

TP 1 is at 1.7785

Sell 17685

EUR/GBP SELL! SELL!! SELL!!!

DXY has been reacting with a range since the equilibrium level of the monthly range was stabbed 2 days ago and it's making NASDAQ kind of in a range on the daily recently.

I'll wait for it to show its hand before any major decision taken by me.

However, I believe the NASDAQ still has aim of reaching lower prices.

My opinion.

This one everyone is quiet here today....traders hope we are all good

richgen:
DXY has been reacting with a range since the equilibrium level of the monthly range was stabbed 2 days ago and it's making NASDAQ kind of in a range on the daily recently.

I'll wait for it to show its hand before any major decision taken by me.

However, I believe the NASDAQ still has aim of reaching lower prices.

My opinion.

I envisage Nasdaq hitting 13xx by tomorrow.

depato88:
This one everyone is quiet here today....traders hope we are all good

Lolx. I was about saying this too.
It was becoming too quiet for my liking.
Maybe we should spice things up with a little vawulence.

Gasive:


Lolx. I was about saying this too.
It was becoming too quiet for my liking.
Maybe we should spice things up with a little vawulence.

Lolz...I tell u.....the market today is likely the cause...i went all for buy for Gold and GU and i know majority of us here rite nw are majorly on Buy against USD....but the data released...job claims and other news is highly in favour of the USD ...making USD to still deal wotociously with it pairs and its like over 10 days now. Wahala for who no put SL or hedged.

Nevertheless soon Gold. GU. EU will be on strong buy. Atleast there have to be a major correction soon

Supremefx:
Exciting news!!! Traders can get 10% OFF all accounts, 125% Refund and 85% Profit Split when they get account with @Maventrading this Month

Here is your chance to join the best prop firm with less price and much benefits

Just click on the link below and use promo code "OCTOBER"
https://maventrading.com/ref/845/

Is there a time limit to the evaluation phases?

And that meme though🤣