Weekend giveaways won from Discord.

Do they payout?
Will I even get funded?

Stay tuned.

Davigle:


Gold tp smashed

jumped out of nasdaq and US30 with small profit and loss respectively, nasdaq and US30 might continue selling due to poor consumer sentiment

Nice call top g.

G30fx:
For nass100 i am expecting more sells than buying according to Daily time frame

I have my eyes set on 18083 before buys come in.

5th (and final) FundedNext trial done, now I’m ready for the real challenge.

Couldn’t resist not taking US30 after painstakingly skipping out of NDX100

Nice 2% buffer for GU and EU next week.

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!

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?

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

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.

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

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 be getting my first payout by the time you receive your phase 2 login credentials lol.

Again, I’m not saying my approach is right or 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:
Donsheddy my man, Wherever market goes, there will always be reason why it happened. Just imagine the example you used yourself, you said majority were screaming buy, but market sold based on CPI whatever that came out.

Now, let's assume CPI came out opposite, and market bought instead, you can see there would have been reason that happened also. The only reason why trading is so hard is because no one knows for sure market direction at a particular point in time.

They call it the probability game for a reason.

The goal is to make money, not be right.

A person that fails 7 trades out of 10 would still be up +2% at the end of the trading month on a strict 1:3RR. That’s still a decent sum monthly on a $10k account.

Again, trade management, risk management and optimal trading system. The probabilities would stack up in your favour over time with good capital.

Donsheddy:


How do you know the direction the market went insist the direction it intended to go and maybeyou're looking at the technicals wrongly...
Market can never be wrong....
I
Only traders can....

Look at cpi for example yesterday...
Alot of people was screaming gu buy buy buy..
Gold was also looking like it want to buy before the news...
But it was clear that the overall trend of the market was bear...
And cpi sold massively...

Looking at the market after the drop you will see why it sold but if you looked at the chart before the news you might have skipped it

Spot on. Others confluences to the sell of EU and GU were market at premium zone, Asian highs being taken out so the lows were next and DXY looking for buy side liquidity.

Cashhy11:
We are saying the same thing, but just in a different way. Waiting it out in my post meant, not being in a trade before news, or immediately after news. Waiting it out to me means waiting for maybe few 1hr candles closures.

And about news fuelling it to do what it wants to do is fallacy my brother. News can change direction to anywhere even though technicals is screaming the opposite. If News is fuelling market to do what it wants to do, why are majority losing then? Why are swing traders having lesser win %?

If news fuels the market to do what it wants to do based on Technical Analysis, swing traders should be winning all their trades.

Donsheddy is right. News only brings in volatility.

News can change direction to anywhere even though technicals is screaming the opposite.

Lol no. With few exceptions (nobody owns the market after all), any trade where the market goes the opposite direction to your bias was probably a less informed decision. Again, as Donsheddy said, go back to the charts and study the moves. The big spikes in both directions seldomly happen.

If News is fuelling market to do what it wants to do, why are majority losing then?

They are less informed, it’s that simple. A common SMC mantra is if you can’t spot the liquidity then you’re the liquidity. That’s why we get spikes to take out the early birds (also known as inducement)

Factors that cause majority to lose are mostly the trader’s fault. Common examples are forcing trade setups, not checking the HTF to get the bigger picture, overleveraging, running after price after the impulse move and not putting their SLs at invalidation areas.

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.

This brings me to reason beyond the trader’s control - slippage from the broker causing SLs to be hit by spread or orders to be executed at the wrong price.

Davigle:
Good morning folks, i lost my 5ers $1 account last night which boss DXYY got me in December last year. I am fully responsible for my faults and action, and I am very sad that not only did I let myself down but I also let down boss DXYY and boss infofirst. @boss DXYY, I still want to appreciate you for giving me the opportunity, it was my first prop account. I simply bleeped up because I was deeply in drawdown, and then I started pyramiding into my trades with the hope of getting out of draw down fast. simply put i wasn't disciplined in my money management. And lately I have been in a serious dilemma, getting into a trade isn't and issue for but getting out has become more of a problem for me due to greed, this has become more of a problem has lately all and I mean all my winning trades end up as losing trades and it's affecting my psych, on Tues, I had a profitable trade on US30 which went down 300 pips, I was so confident that when priced pull back I added another short position which I wanted to swing and hold up till CPI yesterday because I was sure CPI was going to come in strong when I woke up yesterday morning to check the trade not only did it reversed, it my stoploss on both trades. I am having problem setting realistic targets for trades and I think it's all becos of my greed.

@Boss gabsonfx, peteregwu, kaybee, and all other traders here, please how do you guys tackle indiscipline in your trading, pls I in all honesty need your help

I suggest you use FundedNext Free Trial accounts moving forward instead of demo or diving into live trading. That way you’re still conditioning your system for a challenge.


What has worked for me so far is actively practicing discipline (the hardest part of this game). Everyone keeps saying “psychology is bad” but it’s really discipline - entries, exits, breaking even, staying out of low quality setups. Let’s call this trade management.

———————-

Journaling also helped me. You can find templates online. Journaling is boring, i don’t like it. Yet, the black magic in religiously keeping a journal is that it would force you to focus on trading less. Imagine repeat same thing over and over again 5 times at the end of the day - then you start postponing and before you know you stop altogether. Now you have no data to work with so you can spot areas of weakness.

For a start, review your forexfactory explorer data, maybe a session isn’t for your style or trading pair isn’t your thing or your RR is optimal at 1:2 and not 1:3.

Another thing that helped me is keeping a random journal on telegram. I created a group and just send messages to myself there of my thoughts during trades, my emotions too. Literally anything you’re going through, note it down so you can go back to it - you’ll see the root of your problem and how it has branched out into other bad habits you’ve built up.

——————————-

Planning my RR before taking the first trade on any challenge was also another factor for me. I figured that I’m a fan of taking too long to pass challenges. I found my sweet spot to be 0.5% until I’m 1% up then I stick to 1% risk. If I’m in drawdown, I still stick to 0.5%.

To help with still sticking to the daily drawdown rules, it’s a max of 2 losing trades a day (for a total of 3). I know this but is it hard to stick to? Discipline is very hard but I have seen that it has drastically helped reduced breaching of the trials.

—————————

If you’ve gotten so far and you’re still breaching your trials then it could be your very foundation of trading itself - you don’t have an optimal working system or an edge. Note that I didn’t say it doesn’t work. For this one, I decided to go the lazy way of sticking to the one setup I could understand out of the many SMC models. That’s the only pattern I trade.

Doing that I was able to narrow it down that if I still took a loss, it largely because
- I was trading against the trend
- my setup wasn’t complete but I entered any way
- wrong lot size

—————

Writing this feels like I’m talking to myself lol. I didn’t plan typing out this long but it was a familiar pain. I might have missed some things but that’s all I can think of now rn.

THE THREE MUSKETEERS
Trade management - Risk management- Optimal trading system.

Source: I’ve failed about 6 trials so far since I started in February I think but I’ve also being able to pass 4. A lot of mistakes, unlearning and relearning were made in the beginning but now, failing any challenge is 1000% indiscipline on my part.

Trials are still demo accounts so I took the step and got on a real challenge again. See you at the top Davigle 🥂

Geovanni412:


Breaching acct is a very annoying feeling

Mind if i ask, do you think your acct would have been breached if you risked only 2% of your drawdown per trade and gradually scaled upwards i.e if drawdown is $250, risk per trade initially should be $5?

You’re risking $5 on a $5k account?

It’ll take you ages to scale the evaluation phases.

EASYLIFE4US:

BE HIT AGAIN
Corporate c r i m I n a l s

I should be thanking you for your contribution to my TP but I’m not liking the price action.

Closed.

Davigle:


I don't think so, the competition is just to check how far we've been progressing here, at least let serious individuals be recognized from those that are chasing clout 😜. No prize attached to the competition though.

Samfelly baba fxblue is still okay, I think we should still use it since we have been using it so far for all our competitions. As for broker I wouldn't recommend darwinex though because of their pip value for us30, maybe we should use a propfirm that is still on mt5 maybe ftmo or Fundednext. What say you guys for the month is still young.

Interested.

24hrUplift:


I guess you have received enough help here than you may ever need.

But... Please..🙏 apply Sense...so you don't come back to tell us — Forex is scam!!😭

In whatever you have learned about crypto trading, make sure to apply the following universal formula..

1). Check the market signal.
2). Test with small lot.
3). Favorable ? No. = Withdraw.
4). Favorable ? Yes. = Go MASSIVE.

(101111)

I have blew dozen of my personal account (not p-firm) to realize the above formula.

This is not a financial advice. Do your homework before you make an entry.

Everyone will realize new strategy as they trade every day. Just be humble to learn when it comes up.

Photo:

From my gallery of failed portfolio.
My silly mistakes in the past.😇... that blew my $100 account 😄

You first Learn, and then remove the "L".

See you later guys.

Lmaooo. Sniper SL.

Good old days 😂

randy01:
Paid for this class.finger crossed

Just went through your “journal” and first, I commend you on your efforts so far.

You’ve really improved. Risk management, psychology and TA - you’re almost there.

What got my attention to comment was the mentorship you got it in. Jayden is good with clean trade breakdowns (the knowledge you’ve gained so far should be speaking for itself already) and you’re getting your money’s worth.

If you’re active on FX NG Twitter, you should also know he learnt from Kelvin Talent, who’s also good at what he does.

I’m in Kelvin’s NIKHIL mentorship rn and I know how far I’ve come in just 2 months with no solid FX experience so I’m here to assure you that you’re in good hands.

As for your frustrations on why the market gives you profits only to reverse straight to your SL before moving as intended to your TP - it’s because you are less informed.

My two cents?

Classes have started so take a break. Unlearn and relearn everything you know. Pay special attention to the liquidity and inducement sessions - the little frustration I mentioned above would vanish.

Another suggestion would be your entries. My guess is you still enter aggressively without confirmation.

A month gone so you’ll probably cover those sessions in a bit if you’ve not done so already in the mentorship but one thing I know for sure is that you’ll be a more informed trader by next month.

Trust the process.
Looking forward to more updates on your. 🥂

Jameselias:
When exactly did forex become free money

Word.

Get small $$ and get a prop account with a reputable brand. Might be a tad expensive but peace of mind is premium.

Logically speaking, if props make profits from challenge fees, why should they payout on accounts obtained with mere points?

Just like Gabson’s drama with the Infinity prop firm (even after due diligence), you’d run into one hidden rule or other BS to deny your payout - and they absolutely have all rights to.

“Easy come, easy go”

samfelly:


Na unto the 2nd way of getting a free account. Go register an account with https://www.cashflowfunding.io/ your welcome bonus of 20 CFFP awaits you. I will explain further on this. Register, please, no delay. $300K account could be yours, soon, and free

https://www.cashflowfunding.io/

Dont waste your time chief.

Word on the street is that they’re currently moving like TFT. Discounts and promos ongoing while delaying payouts.

LincolnOnyeabor:

How is this done please??

Create an account with Forex Factory.

On your profile, you’ll see a Trade Explorer section where you can connect your trading account(s).

Davigled:


Same boat as you boss, I even had to link it up with a trade explorer so that I can track my performance, may Feb smile on us

Great idea on the trade explorer.

The violations were due to my excitement I guess.
Opening positions without SL because I was soo close to TP and UJ kept taunting me.

Waiting for confirmation.
Confirmed.

Done for the week.

How much for original Tecno Camon 11 screen?

paskal16:
lagos

your contact

paskal16:
Brand new made in italy ODSY-1000 OFF WHITE SNEAKERS FOR SALE AT A 50percent discount price
SIZE 44
NEVER BEEN WORN
GOOD AS NEW
PRICE 15K
Hit me up 🤙

location?

Please this keeps happening anytime after like 2 weeks if I use my MTN sim with chip. Calls and text still work fine but I can’t use the internet again.

This is the third chip it’s happening with. Any suggestions? Or I should just give up and use other networks?

I want to get mksd ultra v5.3 chip. How much is it?

randomShek:
Can anyone tell me which is better between a chip unlock iPhone 12 Pro and a factory unlock iPhone 11 Pro? I’ve used chip before with 6s but I don’t know how much it has changed in terms of restriction asides that I can’t remove sim.

Anyone please?

Can anyone tell me which is better between a chip unlock iPhone 12 Pro and a factory unlock iPhone 11 Pro? I’ve used chip before with 6s but I don’t know how much it has changed in terms of restriction asides that I can’t remove sim.

Which has a better sound output please: s37L or s39?

duduade:



I upgraded to 15.4 almost two weeks ago.
Update I no see.
My mobile network seized. Kept on saying I should update to be able to have access to mobile data. Kept on reds downloading the update till I got tired.

Was stricted to using the Wi-Fi.

Yesterday I used money to downgrade back to 15.0 at computer village. Then to see updates to 15.4.1. E no go better for una

I have turned off the automaker updates.

Tufiakwa

How much to downgrade back?

2023

iPhone X iCloud locked available
Everything was fully functional till I updated iOS

iPhone X iCloud locked available
Everything was functioning till I updated iOS