Petah:

After a year and some days, with serious hardwork, sleepless nights, I finally got my strategy.
LIQUIDITY and MARKET STRUCTURE.

I am working on getting out of my comfort zone. Dealing with my psychology, especially impatience and lack of confidence in my strategy.

infofirst:
@oluwayemipeter should be a ghost worker here. Don't think I have seen the name here
@kellybently welldone
@maroka5 and @tradinggiants... Those are exceptional trading from you both. You mind coming to give members some hints on how they can do better as well. I hope you guys keep this up for real. I hope play has tired the two of you for real. @zonal and those hiding their trading orders. Kindly open them... We need to help each other.

Whats going on fellow contestants? What's stopping you from making atleast 0.5% this week... Come and confess, maybe someone might give you the appropriate answer to your challenge.

Our ghost traders still remain Oluwayemipeter and Adesewa22. Disqualifications are imminent if no one come forward to answer those usernames., respectively. Although, Oluwayemipeter has taken trades on his/her account, except for Adesewa22. One thing is certain, alternate accounts full this in-house Sit Up challenge. Anyways, I pray make 'them' professionally pass their main account and the alternate, as well. We'll be happy with them.

Adesiku , you no go like share with us how you take discover fta?

Taovilla, Tenifayo23, Wealthlifters_edd1e (Eddie), Ponda007 (Pondabrown), and Hussein8_hussein11 (Hussein8), please, kindly sync your trading account, properly, on fxblue. The No Data will not be accepted after next week ends, sirs

kozmicity:


So I have a problem, and I'm going to use the GA sell I've been on since Friday as an example. And I just realized this today and I feel so stupid.

I like to get in aggressively at the beginning of a trend and we all know that a trend retraces and continues and if you have an open trade that means you get a lot of profits, and then it drops. Say you are in 30 pips profit at the high of the move, you might drop to as low as 5 pips at the low of the retracement. This leads to what I call "dancing profits".

The problem for me now is that I'm used to taking my profit at the end of the long term trend (say it's 160 pips) and during these short term highs and lows my profits dance a lot. And if you've followed my performance on any of infofirst's challenges you'll find that I've always been kicked off a challenge for breaching daily DD. Not that the trade ends in a loss oh, but imagine being in 7k profit and dropping to 1.5k before the main move you're waiting for comes to bear. That's daily DD violated. I'm not saying this is always the case with the profit, but it's the same pattern every single time.

And the funniest thing is that I can see the retracement happening, I know when its going to start and where it'll get to most times, but I decide to stay in the trade like that since it'll still continue in my direction.HOW STUPID🤣🤣🤣

I'm working on taking my profits and running before it pulls back next time then re-entering because if it goes against me, I'll be able to handle the drawdown or loss that may occour without necessarily eating deep into my equity. I'm coming up with a modification to my strategy using more CHoCH's and my fib as usual and I'll backtest it proper during the weekend.


Thank you all for reading. I just needed to rant, I dey vex for myself. I'm almost 3% down in the FTMO challenge, and I saw 120 USD profit on GA, I said I'll take it later when I was more settled to look at the chart properly and plan my re-entry and i forgot about it totally because there was no setups forming today to bring me back to the charts. Now I'm back in the negative as the trade is close to my SL.

Your inputs are welcome.

Puremark:
Omo. Market is bad today oooo.na as if my village people follow me enter market today.when I buy market will sell ..when I sell market will buy .nawa oooo

Jameselias:
I am unable to open daily and weekly timeframes and even symbol on my trading view website what could be the cause has any body ever experienced this

kozmicity:


Welcome to the club chief.

FXcandles:
War Palestine vs Israel still becomes hot news today, even Pioneer Natural Resources CEO Scott Sheffield says oil prices could soar significantly if Iran becomes directly involved in the conflict. But yesterday, the oil price dropped low 81.89, which is quite different from analyst expectations, or the impact of war is for the long-term? Another important news, Russian President Vladimir Putin told an energy conference in Moscow on Wednesday that Russia and Saudi Arabia would “most likely” extend output cuts into 2024 and warned that clashes in the Middle East could impact oil exports with higher shipping and insurance costs.

samfelly:


Our ghost traders still remain Oluwayemipeter and Adesewa22. Disqualifications are imminent if no one come forward to answer those usernames., respectively. Although, Oluwayemipeter has taken trades on his/her account, except for Adesewa22. One thing is certain, alternate accounts full this in-house Sit Up challenge. Anyways, I pray make 'them' professionally pass their main account and the alternate, as well. We'll be happy with them.

Adesiku , you no go like share with us how you take discover fta?

Taovilla, Tenifayo23, Wealthlifters_edd1e (Eddie), Ponda007 (Pondabrown), and Hussein8_hussein11 (Hussein8), please, kindly sync your trading account, properly, on fxblue. The No Data will not be accepted after next week ends, sirs

Nextt:


You are free to rant. Get it off your chest. Shake it off.

What you have just written is the reason it is said that psychology of a trader is more important than his/her trading strategy. How you plan your trade and stick to it goes a long way in helping you become the disciplined trader which is all you need at this point.

GabsonFX2:
GBPAUD

Since gold, silver and us30 were strongly affected by the gap. I don check GAUD.

Long @ 1.9179
SL = 1.9022

This trade should run till next week.

Zamanda:


Just like that?

Fxwarrior:
The swap charge on Darwinex is insane: -$21.36

How do swing traders not to mention position traders cope?

karkinase:

Wednesday Triple swap fee

GabsonFX2:

GabsonFX2:
My gospel here is confirmed by the prop, funded engineer.

CopyJoe:


This is why I stopped trading since last year.

saintfaculty:


Hello there,

Greetings, my friend!

The noted levels play a crucial role within the market dynamics. Many traders, including myself, have observed that these levels hold significant importance as price often reacts by initiating substantial movements—either reversing its course or furthering the prevailing trend.

Referring to PWH, PWL, PDL, PDH, PML, and PMH, these represent the high and low points of past weeks, days, and months. These areas tend to harbor considerable liquidity. Frequently, price gravitates toward these regions, clearing the existing liquidity before making substantial shifts. Consequently, these are the levels that dominate my attention and guide most of my trading decisions.

Similar principles extend to HOW and LOW, even encompassing HOM and LOM. The concept of HOW/LOW was introduced, perhaps by Jeffery Benson, although I can't confirm. Nonetheless, it dawned on me that these levels (HOW/LOW) command substantial respect from price movements.

My trading approach hinges on patiently awaiting price action to reach these critical levels and to demonstrate a reversal structure within these zones before I contemplate executing trades. I am also vigilant for chart and candlestick patterns, and on occasion, Fair Value gaps, order blocks, and ICT concepts. When these patterns align, particularly in proximity to or within those key levels, price tends to react or reverse.

My toolkit further incorporates the utilization of the Fibonacci retracement tool. Let me illustrate:

Considering the attached GBPUSD 15-minute timeframe (TF) image, I exercised patience as I waited for price to retrace to the (0.5-0.618) Fibonacci retracement range. I identified a double top pattern within my specified interest zone. Subsequently, I entered a selling position, with one of my take profits set at the -0.272 Fibonacci extension level. Upon closer inspection, you'll discern that these events unfolded around the HOW, which subsequently led to a pronounced price decline.

In a nutshell, the greater the confluence of factors supporting a trade, the more favorable the outcome tends to be. This encapsulates the essence of my trading strategy, centered around these pivotal levels. I trust this provides an additional layer of insight to complement your existing knowledge. Until then, take care!

DannyFX2638:
You don't have to stop bro..
You just have to combine them.
It will seem hard at first but with time , You will surely adapt .

PIPSMARSHALL:


Price hit BE so I re entered. because i no understand. I shouldn't have BE, just take partials profits.

CopyJoe:


My advice. If you don't have a good source of income, leave forex and go fix that.

Again, my personal opinion.

Bimmarlykay:
Always Wondered why no loss man Humbletrader was feeling likka god nd claiming 100% strategy and sudden obsession with gold(fast win fast loss).


Just testing various scalping strategies yesterday and the market was quite respectful, but damn!! Scalping consumes time and focus.

kozmicity:



The most annoying thing is that I tell myself I'd do better, be more patient, wait for more setups and i go ahead to do all that only to end up with the same outcome. In a way I'm glad I discovered this, it's way better than the alternative of not knowing. Hopefully I find a way to implement it.