Cashhy11:
So if you trade a 1:3rr, you are comfortable risking 1% per trade on a prop account? And beneath your post, you were preaching about risk management? That's ironic!

Anyone with a 1:3rr will definitely have a lower win rate compared to if the person was running 1:1. Risking 1% of your account on a low winning rate strategy is a bad money management skill.

My own goal is to be right, with that I'm sure money will follow. And that's why I strive for efficiency instead of higher RR.

And beneath your post, you were preaching about risk management? That's ironic!

Anyone with a 1:3rr will definitely have a lower win rate compared to if the person was running 1:1

Risking 1% of your account on a low winning rate strategy is a bad money management skill.

randomShek:


2 trades per day with each presenting my setup on H4/H1 timeframes and then confirmation on M15/M5 are all I need.

You lose 2 and win 1, you’re down -1%
I lose 2 and win 1, I’m up +1%

Who’s ironic now?



Again, you’re less informed.

Even if you have a 100% win rate risking 1% over 10 trades on a $10k challenge, you’d make a $1000. I only need 4 trades (and I’d have $200 as a nice bonus).

There’s no rule that has me losing the first 4 trades too. You could also lose your first four.

Points are
- you’re a price sniper sergeant with precise entries and exits but I still made more money.
- you’re more profitable by data and records with 100% but I still made more money.
- you time travel effectively and efficiently to know future market direction but guess what? I still made more money.


You say so because you have a suboptimal strategy for a 1% risk. It’s so wrong that even a 30% win rate doesn’t make you profitable hence “it’s bad money management”.

You do 1:1RR so you need to be right 6 times just to make 1% and that’s honestly fine. It’s still profit.

2 trades per day doesn’t even put me at risk of breaching the daily drawdown and I definitely don’t plan on being wrong 8-10 times to hit the max 8-10% limit.

If you’re a very conservative trader, again, that’s fine. I prefer to be a tad aggressive with challenges, get funded and then scale down to 0.5% - giving me my refund to purchase another challenge sooner, than to risk 0.25% with more exposure to my emotions and mentals to pass the phase 1 alone.

Using 1:3:
1% risk for 3% return = 3 trades to get to 8% profit target
0.25% risk for 0.75% return = 12 trades to get to 8% profit target

I’ll getting my first payout but the time you receive your phase 2 congratulatory email lol.

Again, I’m not saying my approach isn’t right and your approach isn’t wrong either. We’re getting the same USD, that’s all that matters.

What I am saying however is that my “low winning rate and bad money management” approach would always make me more money than you in a game of probabilities.

Cashhy11:
No long talks, this is a buystop on NzdCad, if it doesn't get triggered before the next 1hr candle closure, it will be deleted.

PriceActionZ:
gold bull run likely continue.
I dont trust that gold

samfelly:
Gold Sell Limit @ 2412

GabsonFX2:
Gold Swing Short

The swing short I have waited for is here: wait for the close of the currently forming H4 candle. Short her, SL = 2352.

TP = Open (D1 is not ready to swing short, therefore, I may get out in less than 3days ish) but who knows, this H4 may force D1 to yield, then I will plan to leave the trade till next week Friday

GabsonFX2:
Wow! Gold was brutal on the upside. I lost this trade.

I will go on standby on gold until Friday or Monday. I will be looking for only short.

My risk risk appetite was reached and I exited.

Davigle, what fundamental is making gold behave like this since Feb 13? You know? I read somewhere that Russia is doing gold to trash dollar, something like that.

dmahn:


And where stop loss go dey if I follow your call my oga ... Well!! I've not seen my pattern on gold so I'm just observing...

Join me on usdcad sir, I'm looking to buy if the next candle that closes on H1 by 8pm comes bullish. My Sl 10 pips below the swing low... If we get stopped out, we sell with double lotsize

GabsonFX2:
Wow! Gold was brutal on the upside. I lost this trade.

I will go on standby on gold until Friday or Monday. I will be looking for only short.

My risk risk appetite was reached and I exited.

Davigle, what fundamental is making gold behave like this since Feb 13? You know? I read somewhere that Russia is doing gold to trash dollar, something like that.

samfelly:


I don take ma share of the Bull since he no gree for Bear

dmahn:


And where stop loss go dey if I follow your call my oga ... Well!! I've not seen my pattern on gold so I'm just observing...

Join me on usdcad sir, I'm looking to buy if the next candle that closes on H1 by 8pm comes bullish. My Sl 10 pips below the swing low... If we get stopped out, we sell with double lotsize

Donsheddy:
you no wan gree for the market true true

dmahn:


@ samfelly ... I'm in... If SL picked, I will be selling on retest from the exact buying point down to 1.36111...So help me God

randomShek:

I was almost a victim of the last factor today - FUD would have made me execute a 1:5 RR (image 1) that should have been a sweet 1:3 RR (image 2). I stayed out altogether though since I didn’t want to get slipped by the broker.

F1re:


It came through bro lol

Cashhy11:
No long talks, this is a buystop on NzdCad, if it doesn't get triggered before the next 1hr candle closure, it will be deleted.

PriceActionZ:

That guy is always on colos. I believe that some powerful cabals are doing price war against dollars. After i saw the pullbacks of yesterday and again, this morning early drop and immediate pullbacks during the news, and refused to follow other indices movements, i know its a trap for sell from my own analysis. Funny thing was that about 150pips i got today from bear and bull run before the news, i lost all immediately after the news. It was just hitting my SL, not selling o, but buying. The last trade i made on it, i didnt use SL. I just risked it, when i got out of drawdown, i closed it manually, then remove the gold to trade dax. Only for me to check it, and saw wonders of the bulls. It will likely keep on until the last week of the month that we may see a drop on monthly candle. Until i see a sharp drop engulfing candle that closes without a wick on daily TF. I will know say bull run is likely over. I may even trade less of gold now for dax and Euro indices.

nzechu:


I think this will continue to play out in the following weeks Especially gold and it's xxxusd brothers

423% remains the target

F1re:


Gold is a beast for real, I expected a bearish run today too in the morning after the sharp drop, even Gabzy confirmed it, just for the beast to make a U-turn and sprint. It's indecisiveness is the reason I scalp it these days, you'll be happy it's going your way in the morning only for NY session to reverse price and take your SL lols😂

GabsonFX2:
Wow! Gold was brutal on the upside. I lost this trade.

I will go on standby on gold until Friday or Monday. I will be looking for only short.

My risk risk appetite was reached and I exited.

Davigle, what fundamental is making gold behave like this since Feb 13? You know? I read somewhere that Russia is doing gold to trash dollar, something like that.

nzechu:
423% journey just resumed, I hope it's sustained