₦airaland Forum

[quote author=samfelly post=129531865][/quote]All these ideal and max lot size no really go well with me sha ooq .. 0.01 on a 1k challenge and 0.06 on a 10k challenge is just too low, .. I understand slow and steady wins the race but if it's too slow it gets tiring and embarrassing. I will still go with 0.10 on a 10k as ideal and as account grows, the lot size should grow accordingly.

Una good morning

nzechu:
Disregard this, already been invalidated long time ago

Now a new outlook.

Buying till 423%
Finding entry is the problem

Not a trade advise, just a learning journal

I will take a fib retracement and mark from the high to the low of the recent bullish weekly candle. I will be buying from the golden ratio ratracement and SL slightly below the low, Tp1 at the high and open... If SL hit, I ll join the sellers again agressively

Why is no one challenging me anytime I say I will do the opposite of what I was doing if SL hit.. Isn't that revenge trading ?

[quote author=samfelly post=129531865][/quote]You can not have a fixed lot size per trade or per account.trade is different from each other.you can only have a fixed amount/% per trade.some trade required wide stop loss while some required tight stop loss.imagine using 0.2 on 10k account with wide stop loss on gold.

Just calculate the pip in your stop loss and the lot size you want to use.you will see amount you will lose should the trade hit SL.

I can using 0.5 or 0.8 Lot size on 5k account while still risking 0.5 -1% of my account.do you think those who use 20 lot size are gambling.they are not expecially if you trade on lower tf like m15.just have a fixed percentage of your account per trade then do calculation with pip in your SL and the lot size you intend to use.it show you potentially loss.

Do you need image explanation?

dmahn:
I will take a fib retracement and mark from the high to the low of the recent bullish weekly candle. I will be buying from the golden ratio ratracement and SL slightly below the low, Tp1 at the high and open... If SL hit, I ll join the sellers again agressively

Why is no one challenging me anytime I say I will do the opposite of what I was doing if SL hit.. Isn't that revenge trading ?

I don't understand u. Bro

To buy or to sell gold%

I will be looking to sell till 685%.

dmahn:
I will take a fib retracement and mark from the high to the low of the recent bullish weekly candle. I will be buying from the golden ratio ratracement and SL slightly below the low, Tp1 at the high and open... If SL hit, I ll join the sellers again agressively

Why is no one challenging me anytime I say I will do the opposite of what I was doing if SL hit.. Isn't that revenge trading ?

The best teacher is the market

Keep doing whatever is working

randy01:
You can not have a fixed lot size per trade or per account.trade is different from each other.you can only have a fixed amount/% per trade.some trade required wide stop loss while some required tight stop loss.imagine using 0.2 on 10k account with wide stop loss on gold.

Just calculate the pip in your stop loss and the lot size you want to use.you will see amount you will lose should the trade hit SL.

I can using 0.5 or 0.8 Lot size on 5k account while still risking 0.5 -1% of my account.do you think those who use 20 lot size are gambling.they are not expecially if you trade on lower tf like m15.just have a fixed percentage of your account per trade then do calculation with pip in your SL and the lot size you intend to use.it show you potentially loss.

Do you need image explanation?

Abeg, add pictorial explanations. Thanks

dmahn:
All these ideal and max lot size no really go well with me sha ooq .. 0.01 on a 1k challenge and 0.06 on a 10k challenge is just too low, .. I understand slow and steady wins the race but if it's too slow it gets tiring and embarrassing. I will still go with 0.10 on a 10k as ideal and as account grows, the lot size should grow accordingly.

I am as confused, right now, as the first day I took a trade in the market

On BTCUSD, I am going short with small position

peteregwu:
On BTCUSD, I am going short with small position

BTC halving don start oo. I hear say value 'll increase

Dcurrency:
Nostro 5k gotten

Is it the giveaway or did you purchase yours?

kellybently:
BTC halving don start oo. I hear say value 'll increase

If you believe so, act on it

He is acting on his own belief

Market go answer one prayer

samfelly:
I am as confused, right now, as the first day I took a trade in the market

don't even think of changing your strategy coz it is still working. you only need to learn when to stay out of the market.. bad market condition is a respecter of no strategy. just take a look at what Gold and us30 have being doing this past week.. it's very easy to lose your account trying to trade that market condition..

the problem with us traders is that we are always focus on entries and backtesting strategies while we completely ignore learning "How to spot and stay out of bad market condition until the tides goes down"

I think this is the biggest difference between we and profitable trader like Gabsonfx2

realone12:
don't even think of changing your strategy coz it is still working. you only need to learn when to stay out of the market.. bad market condition is a respecter of no strategy. just take a look at what Gold and us30 have being doing this past week.. it's very easy to lose your account trying to trade that market condition..

the problem with us traders is that we are always focus on entries and backtesting strategies while we completely ignore learning "How to spot and stay out of bad market condition until the tides goes down"

I think this is the biggest difference between we and profitable trader like Gabsonfx2

Duly noted, boss.

Often forget that No Trading Is Still A Trade. Boss Gabson don demonstrates it numerous time, but no, na me trade pass 🙈

rhynoemmie:
Is it the giveaway or did you purchase yours?

It's the giveaway. In 2 days time, they'll officially launch for traders to purchase challenges. If anything, that their 10k account (3 phases) for $29 na good deal. In short, all their 3 phases accounts na best deal.

Tradinggod n Gasive, I sight you guys 😁. Especially Gasive, been a while, boss

Pls are there any free backtesting software available?

realone12:
don't even think of changing your strategy coz it is still working. you only need to learn when to stay out of the market.. bad market condition is a respecter of no strategy. just take a look at what Gold and us30 have being doing this past week.. it's very easy to lose your account trying to trade that market condition..

the problem with us traders is that we are always focus on entries and backtesting strategies while we completely ignore learning "How to spot and stay out of bad market condition until the tides goes down"

I think this is the biggest difference between we and profitable trader like Gabsonfx2

Bad market condition is this,

Market in downtrend and hits low of previous month and ranges for six days

Trying to sell in a haste at key level within that range doesn't end well.

Example of this is Eurgbp chart since January this year on 4h chart

samfelly:
It's the giveaway. In 2 days time, they'll officially launch for traders to purchase challenges. If anything, that their 10k account (3 phases) for $29 na good deal. In short, all their 3 phases accounts na best deal.

it's been a while Boss!
How have you been?

Geovanni412:
Bad market condition is this,

Market in downtrend and hits low of previous month and ranges for six days

Trying to sell in a haste at key level within that range doesn't end well.

Example of this is Eurgbp chart since January this year on 4h chart

yes I saw it.. that pair na compete werey this year. except if you are a very good scalper

On VOLATILITY 25 INDEX. I will be looking to get long if I could get a retracement down to the 2161.973 level and my target would be 2250.067. 😊

I am going on a journey. I'll be back.

Who dey there? Abeg, help me press play on Gone Till November by Wyclef Jean. And put it on repeat

Headache

[quote author=samfelly post=129563576][/quote]Boss, wetin happen...

No run like dat nah.

US crude is still trading at around 81 levels despite increasing tensions in the Middle East. It seems that the situation in the Middle East has not yet caused oil prices to soar as many analysts predicted. Oil prices were volatile when Iran attacked Israel, but it was only a temporary fluctuation and oil entered the consolidation zone. On the other hand, OPEC+ returning supply of 2 million bpd could affect oil prices.

Wishing all a profitable week ahead.

Little scalping on gold this morning....

Danator:
Infofirst. I don call you again oh. Wetin dey sup?

Doing very well. Thank you.
How about you?

PriceActionZ:
too much silence this week especially today. Hope everyone is fine and not in a drawdown?

oga gabsonFX02 hope you are fine? infofirst...long long time. currentprice... every other friends that went to ghost mode.

👌

realone12:
yea. saw your mention too when I came online.. it feels good knowing you are fine and to have you back here bro..


now where is Charly??
boss infofirst, you don dey scares fa

Thank you boss mi.
Too much in my hand. Should be less by first week next month by God grace.

Geovanni412:
Boss, wetin happen...

No run like dat nah.

Where I know where I wan run go? I dey here with una - we plaster here 😁

zedegit:
Baba samfelly when oga infofirst go do challenge?

Abeg tell me.

At the right time I will. But it will be posted in FTA Telegram group.