₦airaland Forum

henrydadon:
dem niggahs are acting like having sex is a crime..

It's amazing. This only happens in a nation of hypocrites and perverts.

Trade opportunity for GbpNzd. If 17805 is broken, a downtrend would be confirmed. Here's the tricky part. There is a range of 17805 and 18033 that price may or may not move around in. Either you enter the trade at 17805 and wait for the range to play out before heading south or don't take the trade. If you do take the trade, Tp is 17620. Use whatever money management rules you deem fit.

Pipsbasketing:

- Good success, Good work bro, more good success, like I once said that the line is never expected to be linear.
- You are right that long term trading is the best, you have time for yourself and other several things in your life...I can never return to trade below the daily TF....Good work too

For the bolded, I need to be sincere here, if you do long term trade and want to prove a point to him. I do not think about 3 weeks trade will be enough to prove the point but say about 3-6 months (I stand to be corrected though). Why not just leave the explorer public so you can actually prove the point to him in the long term...........

Above all, I do not think it is necessary to do a business, open an account, trade it only to prove a point and closing it in June after you achieve your target like you said. Trading should be a lifestyle......Just saying, forget about him and enjoy your trade

I think you misunderstand me. This account is for short term trades which are very aggressive. My money management is controlled by my broker leverage rules. I have other accounts which i trade long term. I only opened this account because some traders here pissed me off. Believe it or not, i have been in this business for 20 years and a member of this thread since season1, and only wanted to share my experiences and got clowned for it.

currentprice:
@ profitsgalore,,

great trades brother,,,,that is life you have finally land what work for you Thank God,,i remember when you use to threw various strategy here in the past advocating for long time trading though most of your post did make sense

continuing banking your pips. God bless

I still do. Long term trading is the best way to trade. This account like i said, is to prove a point. I will close it in June when i achieve my target. It is physically unsustainable. You will never enjoy your life or the money you make which in turn will make you lose everything. I advocate the 20 pips per trade for newbies because i know they will never understand long term trading.

currentprice:
I can't view as well brother

_{^{looking to learn more from your trade}}

https://www.myfxbook.com/portfolio/profits-galore/1735289

Take no heed of the aggressive trades. I am only trying to prove a point to some knuckle heads with this account.

Feshizzy:
We are watching!!!
BTW what happened to the trade explorer.
It's barely 1 month and your trade explorer has gone missing

Oga JLINE welcome back oo!!

What are you talking about? Anyway, if i were you, i'd take advantage of this time to copy my trades. It's not easy losing money. You never know when i'm going to set my placed trades back to private. Make hay while the sun shines.

JLINE:
lol...getting angry,don't be bro. you aren't professional enough to teach me a lesson,always keep that in mind. unto the next one,that bolded got me to laugh really hard. you seem to be talking more and then went ahead to create an excel sheet...
here is something you need to know about me on forex; "i don't believe in history as it can be manipulated to suit a purpose,i believe in the now result what you can do now not yesterday". you made mention of russia,go check history those guys are always associated with fraud...hahahahahahahahahaha now i know what happen,they have chop your money for buying indie and you looking for someone to buy too
stop dreaming young lad,you need to seriously wake up.

Edd1e:
You already told him the truth, it's left for him to make it right or sticks to his lame opinion.

"Admission of ignorance is the first step on the road to wisdom"

Feshizzy:
*picks mic*
Well you seem to have your way with words,
How about you put your words to action?
Let see your linked trade explorer or actual past trade summary.

Regards,
EF
*hangs mic properly*

What i did was, i decided to open a new account a couple of weeks back with a new broker and linked it to a new myfxbook account. Why? So you can monitor my account and also learn how to trade. I will be trading this account aggressively. I have done it before and i'm pretty sure i can do it again. I will take this 2500 account and turn it into a 50k account by june next year. I just hope you won't die of awe. Enjoy.

https://www.myfxbook.com/portfolio/profits-galore/1735289

jorel1:
The only thing you can be 100% sure of in financial markets is losses , a win rate of 90 % or 100% isnt realistic , okay maybe for a while if you tell me your win rate is above average for the past one year then this i can understand.. you don't even need a 90% win rate to make it (which is not sustainable for more than a year ) 50% win rate even 30% will take you there with the right mm obviously not the one proposed by profitsgalore... we can be sure of a 50% win rate or even less in the long term at least for amateurs like me so why not build a system around this instead of based on a 90% win rate which lasts only for maybe 2 months as market conditions changes..

everyone is struggling in the market ... I am an example ..I struggle in making trade decisions and initiating a trade...sometimes its even a nightmare . sometimes am so sure its the right call but it eventually goes against me , because everything is possible with the market.. what keeps me going is my huge profit target...


I don't know why everything about forex is full of lies and deceit, brokers lie, traders lie , even $100 traders .. its not rossy trading ...
The pair i trade such as GBPJPY , goes with a minimum risk of 60 pips even on 5 mins TF..so advising someone to settle of 20 -30 pips ( just. because you want to look like the so called best traders) on this pair which still has potential to go like 200+ pips further after losing 60 pips on initial trade means you don't understand what you doing and obviously still need to continue learning on demo before going live.. ..

Never said i was the best trader. Lol. I see that i have shut your mouth on knowledge of MM you have decided to go a new route. Keep fishing. You'd probably catch something eventually. Lol.....If you only knew. I didn't create the system. It's online. I had to search and acquire it and been using it for years. The owner's Russian. You know what he told me? He said traders are mostly dum.b. He said don't even bother explaining it to people because they love their ignorance. I didn't really understand what he meant till today. And i never said i don't lose. That's what 90% means. *Drops mike*

JLINE:
i failed...lol oh cos i refused to accept your poor r:r of 2.5 : 1... you are risking 45pips to win 20 pips and you assumed i don't know mm or the fact that i don't know mm. lol
don't get too angry,you just happen to make the first wrong statement initially and i am sorry to pick the obvious out...you can't succeed with that kind of poor r:r bro...wake up.

Let this be a lesson to a lot of traders. There are some who don't know what the phuck they are doing but refuse to listen when be taught. And you wonder why a lot fail in this business. Understanding money management and how to play around with it is dire if you want to succeed. When you have a high win rate like mine, your stop loss can be higher than take profit. If only people can STFU and learn. Below is just a sample of how to play around with MM.

JLINE:
less i forget to mention,am not included in the bolded though ...

I have to be convinced otherwise. Just going of knowledge on MM alone, you have failed. And that is one of the most important part of trading.

JLINE:
first question,no i am not real. secondly,its true i need to work more on my mm cos i will like to attain 1:15 like one of my mentors. thirdly,i was using 10 hypothetically and someone with reasoning and knowledge of sample data analysis should understand me using 10. fourthly, when you loose your first 20 - 40 trades like you mentioned with your poor r:r i don't think you will be a winner and except you plan to introduce another concept which is martingale which will surely blow your account because of the first rounds of losses. lastly,i had rather watch a carton network on the internet than watch one amateur fx video...they actually don't teach more these days that's why self education is still the best.
don't get paranoid in your replies next time,it shows you are desperate for something...don't know really. just my 2 cents.

Now i see why people are failing. If you want to indulge in martinglale as a form of money management please go right ahead. If that is the kind of mm you are used to, more grease to your elbows. The concept of money management is that your lot size increases or decreases based on your wins or losses, so i am trying to figure out how martingale factors into what i'm talking about. And your thought process was flawed from the onset by using 10. Only a newbie would do that. Your base must always start from a 100 trades. This is why you fail. No long term vision to get to a 100 trades to assess your performance. When you lose 10 or 20, you start gambling. Smh.

jorel1:
I need proof...at least a years worth.. is that possible??

because , apparently you are telling me if you were my business advisor, you would advise me to buy a car for $100 and sell for $60 with the assurance that i would get much more clients....I think my business will be lying on the edge of doom..

If you don't understand compounding and money management at this stage, then i can't help you.

JLINE:
you are missing something bro,he is just trying to tell you that in the long run you will still be in loss.
let's say you made 10 calls and 9 are winners which is approximately 20 x 9 =180 and 1 loss = 45...lets say you loose 2 then you get 90 in loss.
in the long run,its difficult to be profitable or maybe you have to hit 100% always. just my thoughts...

Holy crap! Are you for real? You need to brush up on your money management. When you restrict your trades to the 10 that you so conveniently used as the example, then you know nothing about money management. You use 100 as base because your measurement of success or failure is based on long term trading. You can have 10 losing trades at a go, even 20, but by the time you execute you 100th trade with compounding and a win ratio that high you are bound to make a killing. Which is why i said watch the video. What are they teaching nowadays? Smh.

jorel1:
. risking 45 pips for 20 pips ?? ok. ...

Here's a shocker for you. My win ratio for the system i trade has a 90 percent win rate. So yeah, 45 pips stop loss for 20-30 pip potential. It evens out nicely. If i wanted to, i could give 10 trade calls right now and 9 would be a hit. I wont though.

shorty002:
Lemmi save sum of u d stress. As I opened d video I discovered it was a 1 hour plus lessons so I went straight to abt half of d video n saw that they were advertising an indicator n sum trading academy of sum sort. And at dat moment I thanked God I didn't sit down with a glass of coke n popcorn watching from the beginning n waiting to see how I can make 20-30 pips every day

You obviously didn't watch it or read what i wrote. If you had read and comprehended what i said initially, i said i don't trade futures and what they are advertising is for futures. I wanted you to watch it and learn from their money management principles and why you don't need to make a gazillion pips per trade.

I am going to try to help the struggling traders. How you respond or accept it is all up to you.

Lets start with targets. You don't need to make 100 pips per trade. You'd be surprised that the best traders in the world are in an out in less than two hours and all they are looking for is just 20-30 pips per day. That's what i do and that's all i need. The longer you are in the market, the longer you are exposing yourself to unpredictability. You need to be in an out as quickly as possible unless you are trend trading/long term trading for weeks or months. And i'm not talking about scalping.

Another thing to take into consideration. You need to be focused on the now. Looking back will only distract you. You don't need to know what happened last week or month. Focus on wha'ts in front of you. At the end of my post i will post a screenshot of my trading screen. I crop all pairs and wait for a pair to present a probable setup and then i execute.

Become more professional. I am going to hurt some feelings. If you are starting your account with less than 1k, you will have a hard time. I am not saying that you will not succeed, but it will be more difficult compared with someone with a higher account. A less funded account messes with your mind. It has been documented that traders with larger account use less percentage than people with small accounts.

I am going to stop now, but i want you to watch this youtube video. This is how i trade. I don't trade futures but i use this same concept and it works beyond belief.
https://www.youtube.com/watch?v=o5KCaoALP1M

I am going to leave you with a trade potential. Buy Eur/Gbp at current price. Tp is 8400. Based on system, my stop losses are always 45 pips because of the win ratio. So if you can afford it do it.

Good luck.

[quote author=unclenna post=47530622][/quote]Bros, you want make i teach you English? Haba.

If you really want to understand forex, grab a coin and flip it 100 times. You'll find that you'll get heads and tails roughly between 40 to 50 percent of the time. What does this mean? Forex is a game of probability and having a system that can generate winnings 30 percent of the time, not to talk of 40 percent of the time will make you rich in the long run. So why is it so hard. Greed, impatience, discipline etc can all be attributed to most peoples failure. Including mine at one point in time. Going back to the coin flip. Remember we had to toss our coin 100 times to be able to determine our 40 to 50 percent heads or tails. Same with forex. To be profitable, you need to trade the same system consistently while cutting your losses short to be able to make money in the business. And just like the coin toss, we don't know which side of the coin will show up when we toss it, which means no one, i repeat no one knows the direction of price. Anyone who tells you otherwise is a gambler and gamblers don't succeed in forex. People don't realize how easy trading is. Back in the day, i used to calculate how much i would make on a trade. I learnt my lesson. Now, all i do is calculate how much i am going to lose if i place the trade, before i place the trade. I can't control price but i can control my account.

Damn!!!