klinksd:


SL hit.

Re-entered at previous SL with new SL at 2026.4 for my final trade entry for today.

GabsonFX2:
I like what I'm reading up there! Great minds rubbing.

Btw TGIF: Men suppose dey discuss hang out here nah, chill mind. Me I mount bamboo lounge for ikeja here o if you wan con flex small, dirtie eye small, all on me o.....you guys no dey tire?

Na Davigle need this pass, upon say the shege wey this week don show am

Chai see better link up, e pain me say I no they lag

JAN too tough to NOT flex small.

Don't Forget: It's 7days now, keep on staying away from gold even on Monday and Tuesday....e geh why

Shalom!

blackjack21:


Why didn't I know about this since

blackjack21:


And did I mention that I achieved all that in just 8 days

Jameselias:
ALPHA CAPITAL GROUP

We aren't great at this social media game. Much more fun in the discord.

We are thinking to do a free 5k giveaway for everyone again ?

But rather us do it we want to potentially go bigger than 75k free accounts this time for new clients.

We may ask for an influencer or 2 to help us.

DXYY:


Keep us updated abeg

geedot:
There's no way to find a fixed RR my brother. Since I'm a staunch R&S follower, the next TP for me is the next support/resistance. Market moves from zone to zone most of the time. For example, in a bullish market, if market successfully breaks a resistance and able to turn it to stay above the broken resistance, you can be rest assured the market is heading to the next resistance. No one knows how long it's gonna take, but most of the time, it's heading there.

So after this knowledge, the next thing is how to draw concrete supports and resistances. I will recommend downloading Forex mastery by Dapo Willis. The guy is a goat!

Trading is so easy, just draw them down and start watching for moves around them, using the weekly to check where market is really heading, and go daily to wait at the next bustop which is the Support and Resistance.

This is how most of my trades look like, when I'm planning on going bullish on a pair based on my weekly bias, I just wait for it to hit my SorR on the daily and bounce, then I join. Look at the Gold, see how it respected the S&R zones? I'm just waiting for it to hit that purple horizontal line before going long, or hitting that pink downwards arrow zone before going short.


I Should have longed gold at that bounce on the support on Thursday, but I don't trust supports that were formed by a resistance as much as I trust the one formed as support in the past. I mean when market is tanking down, it's very easy for them to ignore a newly formed support that was initially a resistance and blast through it. But the good side is that, most time when it does, just wait at a former support that has supported in the past at least once, it's gonna react when it gets to it.
These are daily charts by the way, on EU I'm waiting for a retest of the support so I can join the bus and ride it up to the next zone, should give me about 1:3rr hopefully.

EASYLIFE4US:

I'll reserve my response until weekend

geedot:
There's no way to find a fixed RR my brother. Since I'm a staunch R&S follower, the next TP for me is the next support/resistance. Market moves from zone to zone most of the time. For example, in a bullish market, if market successfully pport so I can join the bus and ride it up to the next zone, should give me about 1:3rr hopefully.

Donvic4u:


Lol, if you get proof of profitability then nothing should be holding you back boss

DXYY:


Maybe you are new on here

DXYY:


Hmmmmm, my brother take m easy o

Pclemenza:

I saw the boldened and DAPO WILLIS came to mine. Swing trading is actually a goal. I have his course but not started digesting it.

samfelly:


How do you want it? Login or Screenshots?

Donvic4u:

Both


Lol, if you are profitable then what's been preventing you from getting at least a 5k account?

samfelly:


Lol, my village pipo dey prevent me o

abham:
Good afternoon, happy weekend to you all.

Prev week was a down close candle which rejected 20dSSL/PML. Price is in a Bullish DR, after fulfilling IRL (20d SSL) price will likely seek ERL

AU analysis:

WK: Weekly closed bearish and my new target on the wkly will be the high of prev weekly candle.

D1: On the daily, Friday closed above Wednesday open which was the last down candle to hit 20d SSL, anticipating bullish momentum.

H4: On this TF, price is printing HL and in a bullish order flow.

COT report, comm are net long and the hedging program shows that comm are at the extreme of the last 12 months. Also we can see the weekly and daily are both bullish, we follow Institutional Order Flow.

Barchart are showing a weak sell signal. This is not a trade advice, just my thought process.

Journal your trades.

Geovanni412:

blackjack21:


No, I knew about the challenge I just was not sure whether I could land it? I don't know how much I would need to make to make the cut, any idea?

I have followed this thread seasons back, just not with keen interest as now. But this year is different, I want to broaden my horizon, especially financially.



Early this month I posted results here about my other DEMO account from December, which last for 1month, where I made 68% profit.
People adviced that I was trading too large lot size for a 10k account, that I need to check about risk management, and also guided me toward prop account.

So I went and took a refresher course on RM, and calculated my daily losses and gains for the whole duration of my trading. I found out that I have never had a drawdown of more than 7% for any day and, no day ended in loss.

When I opened a DEMO prop account 50k I decided to view the maximum amount I can lose, 10%, as my account balance.

Which means that 5k is my account balance and even draw down of 10% of 5k will keep my within the parameters of set by FTMO. And that was how I trade this my account.

You can see in the passed daily loss that my calculations were on point.

The last photo is from the account I traded in December

Peejayz:
5k funded account gotten from Donvic4u

Fibonacci88:
All efforts for the week gone down the drain in just one trading day . Was up 4% on challenge acc remaining 2% to complete stage one. Instead of taking it slowly I wanted to complete the stage today so I move to stage two by Monday. Mumu me, market flog me wotowoto back to square one. Lesson learnt. Going back to my trading plan. Trading TFT competition did more harm than good to my psychology I no dey trade competition again make I leave am for the ppl wey Sabi am. Even the 25% I was targeting to get free acc I no see after being up almost 17% last week I am down to down to 12%. Success in trading through gambling is fleeting, taking things slow and controlling risk is the sure way.

Davigled:
Good evening fams, I really appreciate all the bosses here for their kind response and advice. Well it's the stupid indiscipline trader here reporting hisself. So I started the year well on a right footing, I joined TFT and Fundednext Jan competition which I am still on. plus a 5k 5%ers bootcamp account purchased on my behalf by the benevolent boss DXYY, I truly am still grateful sir for your generosity towards me. Honestly I must confess that trading has really been tough in January but nevertheless I still was able to make 11% on my TFT and almost 13% on my Fundednext account respectively, meanwhile my 5k 5%ers account has been in a knee jerk kind of situation where I was moving in and out of drawdown. I was thrilled with my performance all though not astounding but I was happy to see myself hitting 10% again for the third consecutive time since the situp challenge being the first an also I was impressed with myself for being able to stick to strick risk management on the competition accounts as I only traded 1 lot on gold, bitcoin and indices. My risk per trade was 0.5% i.e I was keeping all my risk at $500 per trade on a 100k account. I saw it as a huge progress in my journey to be able to hit 10% trading 1 lot on a 100k demo account. But unfortunately I gave it all back this week. I over traded and coupled with having a loosing streak, I ended up giving all that I toiled since the beginning of the month back to the market. More so, I was really annoyed to see my analysis playing out as I had anticipated while my stops kept being taken, I really was livid. Today i nearly lost my senses completely seeing my analysis playing out but getting stopped out before price moved in my direction, just when I was tempted to push the button again I stumbled into my trade history and saw all the losses I had incurred since the beginning of the week. I was devastated and I felt a very sharp twinge of pain in my heart and also in my brain. I had to forcefully call myself out here on the thread, because as I always say, I want to hold myself accountable so that I can find my consistency in trading. So I painfully closed all my positions that were left open for a small profit, as I want to reset and start afresh again from the drawing board. I must confess that I felt really overwhelmed with pain earlier on but I feel better now. While I was in pain, I questioned my abilities, am I a bad trader?, Was my performance so far a fluke?, Or was i just getting lucky with my trades all this while? This were the questions that were running through my head while I was grieving. Besides that , I also had some profitable trades which ended up in a loss as I didn't take profit due to my greed, this also added to my anguish. And so I sat myself down and write down all that I did wrong which led to my perilous ordeal. Here's what I observed;
• I traded in choppy market condition and forced trades due to fomo, I'm always on the charts and I have this urge to always need to have a trade going on.
• I over traded due to trading many pairs which confused me at some point, there were times I was feeling confused because I was tracking alot of things which made me over analyse
• My biggest problem so far is impulsiveness, fomo and the urge to trade everyday which stems from my addiction.

The only credit I will give my self was maintaining the discipline on my risk at 0.5% else I would have been disqualified in both competition and maybe blown my 5%ers account. It hurts me to see my analysis playing out while trades ends up in a loss. I am really pained that I ended up ruining all my hardwork from the start of the month so far in a space of one week due to overtrading. Today's ordeal was quite traumatic for me and I have resolved in all sincererity to cut down the pairs that I trade, I will strictly be trading gold and US30 henceforth. I am posting it here so that, in the case I backslided and start trading other pairs, pls do not hesitate to call me out, I am holding myself accountable and also responsible by doing this. And then also I will put myself on a daily drawdown of 2%. Once I incure a 2% loss of my account in a day, I will definitely be taking the rest of the day off the charts. I apologize for writing this long epistle. Pls all advice, criticism and scolding are welcome.

GarkiAccessory:

To buttress your point, some zones are by far more powerful than others, I discovered that when price gets to those zones, it reacts aggressively.

DXYY:


Seems you know what you are doing, that's the most important thing,

As for the competition TFT is one of the best in rewarding good traders, alot of opportunities are out there for competent traders , what we all need is aquire the skill first and every other thing shall be added unto us.

blackjack21:


AMEN!!!

Checking TFT... This look somewhat like Minecraft. Am I in the right place, Bro?

geedot:
That's the best way to trade for someone that wants to be profitable in the long run. Training your eyes to spot the move earlier is key, because once the move has begun and moved about 200pips already, joining at that time is what make people lose money back to back.

The market is going up, but it won't just head up, some head up straight to the intended direction, but most of them don't, it might come down to retest, giving anyone joining in the middle ab200pips+ drawdown. This is why people are stopped out before market going their way.

This thing is not as hard as people make it seem. It's just annoying seeing people being in this for years, still struggling and trading the same way they have been doing that has never worked for them. I've been preaching it here, I hope those wise enough will follow and ditch their conventional way of trading that's not working, and go back to the drawing board to unlearn and relearn.

It only took me 3months to start becoming profitable and I've never looked back ever since. So when I watch these Instagram reels and those traders make it seem everyone must suffer for years before getting it right makes me wonder if I've been lucky all these while(3 years now).

I advised one dude the other day, he picked offense. I was just angry seeing people struggle for years and they haven't still learned anything all those years. They are still trading the same way they have been doing all these years.

I didn't learn anything too complex, just my support and resistance. There was a time I enter trades with 100pips Stoplosses, but now I've become better as time passed by and sometimes 30pips Stoploss is what I use even though most of my trades last for weeks sometimes.

So when Geovanni was saying yesterday that day traders should not be using 20-30pips SL, I just had to smile. I swing and my max stoploss now is never more than 50pips. The key point is the entry, when are you joining a trade? If I feel like entering a trade now for example when I still make use of 100pips SL, sometimes it will go against me by 80pips+ in drawdowns before it started moving my way. So i stopped entering early, and instead set a buy/sell order 50-60pips away. Still the same method, just advanced entry that I added to my toolkit over the years.

That's why most of my trades always look as if the entries are perfect, because most of the time I miss out on trades, the few ones that comes to me must have been exhausted and they just start rising from where I entered from. I only took 4trades this week and these are the entries. If I want to lose, I lose easily because sometimes market will blast through your stoploss in less than hour sometimes. You just login and see your balance reduced without any trade going on lol.

Over the years I know to adjust my entry point further backward whenever there's an upcoming news on my pair and market is already close to my entry by less than 100pips.
I'm writing too much, I just wish anyone will dissect the message I'm trying to pass and put it to use.

Learn Support and resistance and only draw on the higher time frame. It should very visible enough that it shouldn't take you more than 40secs to a minute to draw. Once drawn, check the weekly to know if market is bullish or bearish, if market is bullish from the weekly time frame, you have to know whenever market hits your support, you should be looking to buy. Set your limit lower than your support, i.e the buy limit should be when market breaks the support, that means you will only be entering the trade when market breaches the support zone. That's why you see wicks beneath support areas and above resistance areas. Market comes there to test and continue it's journey.

You will lose, trust me, but you will win more. One trade for me cover for four losses, and I hardly have four losses. It's easier to pick 250pips up with 50pips SL when the entry below the support for a buy. Sometimes I move it up a bit, it's by years of experience, try setting it below and adjust as time goes by. All the best brother.

These are screenshots of my current running trades entry this week.

infofirst:



Boss mi. I am still expecting.

Frank571:


Pls I need his course, how can I get it from you?

Pclemenza:


It can’t be shared. You pay $100 to DAPO and you get access to the course, except you ask geedot who mentioned something about downloading it( maybe there’s a link to download his course for free)

Dapo’s course is most Favorable to Swing Traders.

Frank571:

I just need the link to download it
I think it's about 3gb
Most of the links online are fake

Bimmarlykay:


You plot support and resistant zone on daily and check weekly for trend,then wait for retest and continue with the weekly trend? Right?

Pclemenza:

I saw the boldened and DAPO WILLIS came to mine. Swing trading is actually a goal. I have his course but not started digesting it.