₦airaland Forum

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samfelly:
With these new rules introduced into prop space, bigger accounts will fall out, as well. I know some bosses here will definitely love to try their hands on them bigger account size

One more thing, these new rules will definitely help some struggling traders get disciplined

This is rubbish jare. It's better to trade your personal live account than this rubbish. Why must they limit my gain to 2 percent daily? They know that a lot of people are raking profits from FX prop, so they re indirectly after your challenge money Nd not a real funded prop firm , anyone that gives rule like this. 99.99 percent of their traders wil never try this on bigger accounts. They will choke them.

dmahn:
Protecting our equity sometimes is better than staying confident, it's normal for trade to reverse and stop us at BE.. But letting a good winner turns into a looser isn't right for our psychology..

. Trade journal proved to me that I am my biggest enemy and not the market

At the bolded, I have to totally agree with you 100 percent.
I could remember when I used to scalp actively years back and used to double my account easily in a month. Cutting losses faster was what really helped me. Though it required screen time, but it's worth it. I developed a strategy then with an EA , trading on 15secs setup that runs on 1min chart like a tick trading. Yes, 15secs chart. The SL is 20 Pips and the target is 30pips. The EA was configured in such a way that if it moved like 15 Pips in my favour, it jumped to BE and locked like 4 pips and trail like 7 pips for every 5 pips moves furthermore in my favour. With this, I can easily make 20 pips plus, per trade and repeat like 2 to 3 times daily. If it goes against me, in more than 10 pips , I can easily cut my losses depending on what I see.
The beauty of it is that it worked well most of the time because I trade high probably trades.

I hung around major areas and also around the opening of 15mins, 30mins or 1hr candles and also keep my eyes on the way they closed. No matter how, it must go somewhere, so getting a few 10s of pips and lock it was not difficult. Also for every candle that closed in a wick, it has a meaning, every pullback is important to someone., somewhere with heavy lots.
Only GJ or UJ i used to trade especially GJ.
I believe and know that a lot of core scalpers that are not renko traders, trade as a tick scalper on sec charts. For every pullback, someone is making money. It is being debated on reddit a few days ago with hundreds of feedback this same cutting losses and pushing the SL to break even asap and locking pips because the dynamics of the market in recent times has changed and many successful traders admitted that, that's what is helping them as a day trader or scalpers. The market has changed alot. That is why you see someone over confidence that a running profit will hit his tp, but instead of running away for some good pips, after a few moments, his or her SL is hit instead, and will be wondering what went wrong. There are lots of counter order flows to create liquidity with heavy lots to rake as many SL as possible. So you have to know when to stand by, get in, cut losses and get out.
I abandoned that strategy like 2 years ago when I gave a break. And came back recently when a friend introduced another strategy to me. And his strategy has been rough kind of. Thank God I have those files in my drive. I have revisited them again to be used.
I will share my demo or so soon.
For swing traders, well, successful ones know the game already. And they can manage their losses and wide SL.
But for someone like me with a few hours of screen time to monitor trades, one needs to be creative and have an edge that works with his strategy.
I hate running profits turning to losses all the time and it's very common now.
Warren Buffet: RULE 1; In a currency or stock market, never lose your money
RULE 2; never forget rule 1.

F1re:
Idk what you mean by low account opening though, but Exness ticks all of the boxes, deposit is 10$, which is around 13,500 Naira, and their spread is decent.

Ok thanks bro.

Which broker in Nigeria has the least spread , easy to open and low account opening, may be in naira or dollars, easy withdrawal, easy deposit, low deposits with few thousands. I want to open one for my bro to start playing with the market. May be he can try his best and get prop from it.

Good one oga gabsonFX2. You re the real MVIP and undisputed GOAT. I wonder how much they will want to pay you now. They thought they are smarter, but they are very foolish. They thought that you would continue with the high reward trading while they pay you pea nuts. They will definitely loose out.
By the way, you never have time to make that brief tutorials about your entries including your abandoned pipsbasketing method. At least we will gain one or two things from them. Thanks so much. We are waiting.

but rain has not started falling heavily in lagos na talkless of flooding. All these might be old pics.

geedot:
Feeling like a god? Really? I'm a lot of things, but pride is the least of my personality. Why would you even alter such to someone you know little or nothing about?

I've been on nairaland for years now, this is the worst thread I've ever been on. The toxicity is something else, and it's coming mostly from the struggling traders. I wish you the best. This is my last post on this. Happy weekend brother.

@bolded, I don't know your history here before now anyway and why you concluded like that, so I can't judge you .

Seems you were once bashed for long on this thread. Anyway just kidding, just the way you replied to some quotes looks funny at times like you have total control of the market in your pocket 😉. I may be right though. I can never judge a book by the cover. You may be a great trader and a successful one behind the scene.

geedot:
Alright bro, maybe I will find a way to do that. But, please unquote me, some information are not supposed to be online for everyone to see. Modify your post, and unquote me. Thanks brother.

Lolz. Why are you always feeling like god of forex sir? As in say na you dey control the market🏃🏃🏃out 😆😆😆

CrusaderX:
Hello guys. Just a heads up, these Nostro guys don't seem to be trustworthy. I was among the top 10 persons to get funded with them earlier this month, but they closed my account without me breaching their daily or max drawdown. Till now they did not open my account after opening a ticket, sending and receiving emails from them. I'll attach proof later.

I can't buy anything from them. Never. They breached my account too. They spiked my trade and widen my SL and said I have broken the rule . I never even understand what I did wrong. I never get their time cos I have been busy. A website that still have lots of undeveloped pages. I am just observing then. I am following donsheddy bumper to bumper because he is doing well now. Let's wait until funding and cash out stages. Then we will know how reliable they are.

CrusaderX:
Hello guys. Just a heads up, these Nostro guys don't seem to be trustworthy. I was among the top 10 persons to get funded with them earlier this month, but they closed my account without me breaching their daily or max drawdown. Till now they did not open my account after opening a ticket, sending and receiving emails from them. I'll attach proof later.

I can't buy anything from them. Never. They breached my account too. They spiked my trade and widen my SL and said I have broken the rule . A website that still have lots of undeveloped pages. I am just observing then. I am following donsheddy bumper to bumper because he is doing well now. Let's wait until funding and cash out stages. Then we will know how reliable they are.

i hope this nostro people pay their funded traders, sha. Everything is still being used to promote their prop even on trustpilot, yet their websites still has many pages with 'lorem ipsum' pages that are not completed or anything on it. Very unprofessional. They are still building that website. Hope is not one man show? By the time you give them 5 star and blow your account or get funded, many weeks might have gone, panting them as good prop firm. Time will tell.

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.

PriceActionZ:
i want to risk gbpjpy buy for 3:1 .... that 1hr long candle is something important wen that talkative will later talk today.. duration may be 3 days

Gamble failed.
Another opportunity will come.

i want to risk gbpjpy buy for 3:1 .... that 1hr long candle is something important wen that talkative will later talk today.. duration may be 3 days

samfelly:
Since you know say na xo dem dey do am, I believe you follow them do am o, boss? Cos, it will not be fair to just know, alone. You have to act it, also.

no sir, i was in another trade wey give me peace of mind, not on gold . I switch to DAX most times now. Gold is too erratic for my liking, these days especially where to put SL that won't hunt my account has been a problem lately. What is the joy in trading for 2 to 3 weeks on and off, win and later loss everything on and off like that...Gold na for strong mind people that can place high SL..
At least in dax, i can do ratio 1;1, 2;1 even to 5:1

PriceActionZ:
This gold will soon fire up. Na so them dey do..

This gold will soon fire up. Na so them dey do..

G30fx:
GOD and US30 have practically refused to show us where their next movement is heading to but we are still waiting for them if i didn't learn anything in FX trading at least i learnt to be comfortable with staying idle waiting for the right charts formation regardless the hours it takes

That's why experienced one always say, FX trading is 10 percent buy, 10 percent sell, 80 percent waiting...

These are parts of what fg supposed use to educate her customers and forced DISCOs to create a portal and publicize it to educate them on which band they belong to. Or better still, when you pay on any portal, part of the token supposed carry a code that shows your band before the main recharge numbers. But since everything about this country is fraudulent, and not transparent, it will be very hard to accomplish. The discos won't want to do that because someone who supposed be in band A will work himself or herself to band Z, while enjoying stable lights and someone that hardly gets 10 hours of light will be forced to pay for band A. That is the kind of country we are.

Davigle:
yeee village pipu oooo, my data don finish, oga Sam abeg come sub me ooo, you know say nah you be my oga

you are very funny oga. I beg no dey leave your trades over weekend if you are not a whale or shark or heavy investor. you way still dey struggle hard as a day trader, you wan trade gap or weekend sentiments? Na from experience college i dey advise so. Gap trading will ruin your account fast if care not taken. Why not wait for market to wake up to realities and study where to go first before entries? Brokers never give you spread of 120 pips or more before as the market resumes, and wipe your stops immediately? and they wont take the responsibilities? unless na demo you dey trade, its not advisable.
There will be lots of opportunities this coming week as we expect instabilities in the market due to war and rumors of wars.
na advice though, no offenz

you cant have a single price for valuation of naira. As long as there are buying and selling of goods and services and in foreign transactions in dollars/naira, just as it is in the fx market, where we buy and sell pairs at a particular rates, so it is what they are trying to do now. It has to flunctuate, slightly higher, or lower from time to time. When majority of accumulated debts servicing and unremitted outflows are settled, expect more crash of dollars.
All those high pushes were results of speculators and manipulators using mind games to work on many people thinking and knowinly how nigerians minds are attached to dollars.
I use binance alot for crypto dealings, and fx transactions and i trade forex everyday on platforms, so i know all those stuffs are artificially created.
During the all time high, the same suggestions i was telling people how to control the artificial up surge is what is happening now. I told them, binance is number 1 culprit, and those doing that, are majorly not nigerians or not staying in nigeria. They just manipulate their adverts to give artificial rates, and create news around it each day to go viral using influencers, then it spreads and then create the artificial prices that everyone including the abokis use. At their artificial prices, order for dollars. they wont sell for you. they will cancel the deals, then place new advert for higher price again the next day. Rinse and repeat daily. They smile to the banks, and nigerians suffer.

Melagros:
COMRADES, Apostle Selman is an arse licker, he is seeking contract from Tinubu that is why he made this assertion
Have the prices of goods and services come down? Even after the Naira continues going up for more than a month now

Now he is an arse licker. funny people. dont you know how nigeria things work? Let them announce that the petrol price is now 200 naira, and see how the stations will drag time to adjust it, they will say, they have not seen president to come to their stations and tell them in person, but let them jack it up to 1k, before the announcement is over, the price will be adjusted with the speed of light. Same thing is being applicable to goods you see in the markets and you are complaining above. Many nigerians are naturally wicked that want to explore every opportunity they can lay on.

The story now is that all the goods they bought when the dollar is high, are yet to be sold, until they sell everything and restock with the new dollar rates, thats when things can come down. Majority of them never imported anything when dollar was high. They are just opportunist. simple. You see examples who the guy is talking about?
You will shop in abroad during festive period, you will nearly get many things almost free, but in nigeria, everything will skyrocket, everyone will be confused of what to buy with little at hand and its been happening even far before this administration. who is doing who?

but those NEF mobilized for atiku na. So why are they trying to be clever by half? I guess there is less money rolling to their pockets now or their source of their illegal ways of making money have been hit by some of this administration policies. They always want to hold any government that doesnt do their bidding ransome with such statements. Their state governors are more powerful to influence elections than the so fulani leaders called NEF

nzechu:
What will a profit a man to see his concept but don't know how to read it

Buy or sell. It's not straightforward bro,

From intuition I am buying till 423. If it fails Na me sabi

probably force sell first, may be first 2, 4hr candles, then form pin bar on the bull run before tomorw ending on daily

anyone that hold on to gold since january ending with just 0.1 lot with just $100 risk will be in big money now. Over 3500 pips. Do the maths and tell me
A friend of mine on reddit is still adding 0.01 position everyday since then. Crazy people

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😂

yes o, scalping all the way on it if need be. I am not always comfortable leaving it for long. For the past 2 weeks now, everything it gives me, it takes it back for what na. Thats why i am exploring dax, Euro cash and JPN cash indices now. Very smooth and predictable now. I am not coping with gold trades anymore. It takes super patience and a lot of screen time on lower time frame to get it right most time because if you enter lets say 1hr tf and above , it may be too late at that movemnt. I am to make profits not play games, abeg.

F1re:
It came through bro lol

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.

gold bull run likely continue.
I dont trust that gold

PriceActionZ:
me, red news again? never. Na him push my prop challenge account back twice to reset mode from 4 percent . na to look from distance, and after 15-30min, we can see what is happening.....and look at the present state of gold, foming tripple resistance on 4hr, 1hr, 30 mins, even on 15 mins.... They are cooking something. Naso they always trap person, after small now it will spike downward and revert.

i talk am... crazy people.

GabsonFX2:
I will, very soon; my days have been filled with activities. Will update.

i trust you bro.

me, red news again? never. Na him push my prop challenge account back twice to reset mode from 4 percent . na to look from distance, and after 15-30min, we can see what is happening.....and look at the present state of gold, foming tripple resistance on 4hr, 1hr, 30 mins, even on 15 mins.... They are cooking something. Naso they always trap person, after small now it will spike downward and revert.