₦airaland Forum

infofirst:
You get mind o. Which shop did you sell? Which inspirational speaker push you to do that?
That's purposeful mehn. You definitely will overcome provided you do not give up. You are deliberate about improving too.
You have to let greed go. If you do not. It takes one day and ten years efforts will go in the bin.

iichidodo:
[color=#1986BC] NFP na bastard...[/color]

GabsonFX2:
Update on this $100K funded account.

Analytics attached.

Today's profit = US$ 779.58

Total profit = US$ 7615.12

Withdrawal 14th Oct
= 7615.12 * 0.9 + 1.5 * 513 + 1950

= US$ 9,573

iichidodo:
[color=#1986BC] No...Not sarcastic. More like antagonistic with dark humor hidden under extreme satirical prejudice...[/color]

iichidodo:
[color=#1986BC] That's fantastic....Let me make another thing clear...NFP na bastard..[/color]

infofirst:
Lack of trading strategy/plan/system
Poor risk management/Greediness
Impatience
Indiscipline

Which one is stopping you from profiting in the forex market? And what are you doing to overcome it?

Impatience has been hitting me lately.
And dragging me back and forth.

I kept going through short tweets on trading psychology to overcome the impatience of late.

Nextt:
You are one tough lady. Your skin is made of iron. Rare to see such dogged determination from the opposite gender. May the blue pips be with you.

Maroka5:
I'm not really a pro yet, I'm just implementing what I've learned over the years.

In my signature, you'll find link to a telegram channel where I search for anything I want to be knowledgeable about in forex.

What I've recently done is to unfollow some influencers and popular traders, others I disabled their notification. The reason is their bias or tips often negates mine, and often price will then finally go my way. So I want to be 100% responsible for my trading outcome.

I make use of forex factory and I've marked out certain news release that I shouldn't venture trade that day. I was able to notice how these news mess up the market after intensive backtesting from 2020 till date using forex factory calendar.

Also, I've limited my trading pairs to 2, I don't want to trade more than 3.

Finally, if you can build your strategy around higher time frame's data, it'll benefit you long term. (By data I mean trendlines, zones, fibs etc)

I think that's all I can say for now.

Enjoy the weekend everyone.

GabsonFX2:
Update on this $100K funded account.

Analytics attached.

Today's profit = US$ 779.58

Total profit = US$ 7615.12

Withdrawal 14th Oct
= 7615.12 * 0.9 + 1.5 * 513 + 1950

= US$ 9,573

Elliotwaveforec:
Omo, see sharp move

GabsonFX2:
First - check the bolded.

2. Check your gold chart

3. How far?

Geovanni412:
My two cents...

Backtest your strategy

Have a max drawdown for week and for the month for your personal acct

Have a plan to sit out after every win, after every loss, after every missed trade and after news event


You can do 40 mins break after every win or loss and 90 mins break after every missed trade...fomo is deadly.

You can also do 60-90 mins after news event occurs

Also when market breaks to new level on weekly, like it is on eurusd or xauusd, take break for 12-15 hrs for each day unless market proves it is clearly trending on 4h chart.

Truly speaking, market will do whatever it will do no matter how long you look at the chart

Unless you are a scalper for 4-10 pips, there is no need to look at the chart all day.

GabsonFX2:
First - check the bolded.

2. Check your gold chart

3. How far?

GabsonFX2:
First - check the bolded.

2. Check your gold chart

3. How far?

GabsonFX2:
Update on this $100K funded account.

Analytics attached.

Today's profit = US$ 779.58

Total profit = US$ 7615.12

Withdrawal 14th Oct
= 7615.12 * 0.9 + 1.5 * 513 + 1950

= US$ 9,573

MONEY247:
Gabson woooullld always be gabson....
The reason why I joined FTA,...

MUCH respect boss.!

infofirst:
Lack of trading strategy/plan/system
Poor risk management/Greediness
Impatience
Indiscipline

Which one is stopping you from profiting in the forex market? And what are you doing to overcome it?

Impatience has been hitting me lately.
And dragging me back and forth.

I kept going through short tweets on trading psychology to overcome the impatience of late.

infofirst:
What are you doing to overcome? I think you need to take it one at a time.
So you do not have a trading strategy?

BrightFuture48:
This is one of greatest stumbling block many traders are facing and I inclusive.

I am begining to look more at higher time frame, 4H TFT upward to control my impulses to interven in a trade.

Also spend less time on the chart. Set and forget once overall analysis has been completed without undue reanalyzing the charts every time.

infofirst:
Lack of trading strategy/plan/system
Poor risk management/Greediness
Impatience
Indiscipline

Which one is stopping you from profiting in the forex market? And what are you doing to overcome it?

Impatience has been hitting me lately.
And dragging me back and forth.

I kept going through short tweets on trading psychology to overcome the impatience of late.

Davigle:
good evening house
once again it is the indisciplined trader here, reporting myself after fuckingup again. honestly I am battling with indiscipline. I found out that I am very impatient and I am also very greedy. I discovered that my analysis are on point on the higher time frame but my lack of impatience always makes me jump into trades with out waiting for confirmation and there are times that the trade moves in my favour and then I keep wanting more. like today I have been bullish on the dxy and I want to see price reach the consequently encroachment of the monthly fair value gap which I posted in my analysis earlier on. I was also anticipating a bullish nfp which should send dxy to the consequent encroachment and as luck will be on my side and it came out bullish so I shorted US30 and nas100 and it went in my favour crazily I was euphoric and I felt like finally I was doing something right. only for some crazy stunt or only God knows some black swan event came and took price into a crazy massive reversal wiping out all my profits and hitting my stoploss and then putting me back into much deeper drawdown. I feel helpless. what do I need to do to instill discipline into myself. secondly, I discovered that I am not honest with myself. I know I had said earlier on that I was going to only stick with EURUSD but I found out that I do not have the patience for EURUSD as it moves slowly as compared to indices. indices has the kind of movement that I seek because I am an intraday trader. I have been trading us30 on demo with low-risk, and I am more interested in us30 than eurusd. pls elders help me out because I really want to be accountable to myself and achieve the success I so desire, I swore to never give up in trading by the truth is I am my bane and doom, my worst enemy is myself....

BrightFuture48:
This is one of greatest stumbling block many traders are facing and I inclusive.

I am begining to look more at higher time frame, 4H TFT upward to control my impulses to interven in a trade.

Also spend less time on the chart. Set and forget once overall analysis has been completed without undue reanalyzing the charts every time.

Davigle:
good evening house
once again it is the indisciplined trader here, reporting myself after fuckingup again. honestly I am battling with indiscipline. I found out that I am very impatient and I am also very greedy. I discovered that my analysis are on point on the higher time frame but my lack of impatience always makes me jump into trades with out waiting for confirmation and there are times that the trade moves in my favour and then I keep wanting more. like today I have been bullish on the dxy and I want to see price reach the consequently encroachment of the monthly fair value gap which I posted in my analysis earlier on. I was also anticipating a bullish nfp which should send dxy to the consequent encroachment and as luck will be on my side and it came out bullish so I shorted US30 and nas100 and it went in my favour crazily I was euphoric and I felt like finally I was doing something right. only for some crazy stunt or only God knows some black swan event came and took price into a crazy massive reversal wiping out all my profits and hitting my stoploss and then putting me back into much deeper drawdown. I feel helpless. what do I need to do to instill discipline into myself. secondly, I discovered that I am not honest with myself. I know I had said earlier on that I was going to only stick with EURUSD but I found out that I do not have the patience for EURUSD as it moves slowly as compared to indices. indices has the kind of movement that I seek because I am an intraday trader. I have been trading us30 on demo with low-risk, and I am more interested in us30 than eurusd. pls elders help me out because I really want to be accountable to myself and achieve the success I so desire, I swore to never give up in trading by the truth is I am my bane and doom, my worst enemy is myself....

Davigle:
good evening house
once again it is the indisciplined trader here, reporting myself after fuckingup again. honestly I am battling with indiscipline. I found out that I am very impatient and I am also very greedy. I discovered that my analysis are on point on the higher time frame but my lack of impatience always makes me jump into trades with out waiting for confirmation and there are times that the trade moves in my favour and then I keep wanting more. like today I have been bullish on the dxy and I want to see price reach the consequently encroachment of the monthly fair value gap which I posted in my analysis earlier on. I was also anticipating a bullish nfp which should send dxy to the consequent encroachment and as luck will be on my side and it came out bullish so I shorted US30 and nas100 and it went in my favour crazily I was euphoric and I felt like finally I was doing something right. only for some crazy stunt or only God knows some black swan event came and took price into a crazy massive reversal wiping out all my profits and hitting my stoploss and then putting me back into much deeper drawdown. I feel helpless. what do I need to do to instill discipline into myself. secondly, I discovered that I am not honest with myself. I know I had said earlier on that I was going to only stick with EURUSD but I found out that I do not have the patience for EURUSD as it moves slowly as compared to indices. indices has the kind of movement that I seek because I am an intraday trader. I have been trading us30 on demo with low-risk, and I am more interested in us30 than eurusd. pls elders help me out because I really want to be accountable to myself and achieve the success I so desire, I swore to never give up in trading by the truth is I am my bane and doom, my worst enemy is myself....

Gasive:
Trading higher timesframes is the best. You will have a long term view of the markets, it will help you control your emotions, it will help you control over trading, and many more. But it has its challenges too and that's impatience and discipline.
Since I started trading higher timesframes it hasn't been all rosy but I'm making progress. I wish I started earlier.
I'm still learning but from my experience so far, these are things you should consider;
- do you have a solid entry and exit rules? If you don't you will get burnt really bad.
- will you have the patience to wait for a setup that will conform with your strategy?
- can you handle the disappointment that comes with waiting for weeks for a setup only for it to fail?
- can you control yourself and emotions when a winning trade suddenly becomes a losing trade? It happens often.
- do you have the risk appetite to support 200 to 300pips DD?

infofirst:
Lack of trading strategy/plan/system
Poor risk management/Greediness
Impatience
Indiscipline

Which one is stopping you from profiting in the forex market? And what are you doing to overcome it?

Impatience has been hitting me lately.
And dragging me back and forth.

I kept going through short tweets on trading psychology to overcome the impatience of late.

BrightFuture48:
You have raised a lot of valid points, but if you look closely all these are common to whatever time frame you pick. The good things about higher time frame is that the setups are normally rock solid and often less susceptible for being "fake" or gives ample time to for you to decipher if it wrong.

It just matter of practice and discipline we can follow such but because we are use to lower time frame and easy access to our mobile mt4 pnl, we tend to interven much in our trades (emotion).

I will be considering taking my challenge/ competition account off my phone soon so that it can help me reduce such interference. There is NO short cut to this we just have to cultivate the WAITING approach but before and after setup on higher tf.

Yes with such risk management adopted in the competition now you can comfortably withstand 200 to 300 pips DD provided you're trading higher tf.

infofirst:
Lack of trading strategy/plan/system
Poor risk management/Greediness
Impatience
Indiscipline

Which one is stopping you from profiting in the forex market? And what are you doing to overcome it?

Impatience has been hitting me lately.
And dragging me back and forth.

I kept going through short tweets on trading psychology to overcome the impatience of late.