₦airaland Forum

bigbasho:
Short order closed at 320 pips. May be i can get 100 from this

zenith7:
**Current basket**

Pipsbasketings:
Is this the challenge you mentioned you want to start on your live dough.
If YES, I will strongly discourage you to do.

Thank me later

Nah Bro, it's totally worth it, you should try it sometimes. I've got nothing to lose really, a $100, that's the kind of risk reward I'll take any day any time.

Main account for conventional money management

nennin:
pls who is cj? any link?

teemy:
2 Solar panels - 100W each - 30/45k each = 90k
1 Charge Controller - EPEVER MPPT - 19k = 19k
1 Inverter - 12v, 200W - 5k = 5k
2 Dry Cell (car) batteries - 75Ah each - 20/23k each = 46k

Wiring

Total Budget = 160k.
Change you would have would take care of wiring and LED bulbs

Notes:
Solar Panels
Just before elections panels were 15k for 100W mono panels. You might need to price well before you get the one you need. Not much difference between monocrystalline and polycrystalline panels performance though poly is heavier but cheaper and mono is more effective, the price difference however defeats mono's little gain. So go for poly.

Charge Controller
Go for EPEVER Tracer from Ebay. It would take like 2weeks to a month to arrive but the assurance of the product is worth it. The normal black streetlight PWM charge controller (30A, 5k) though cheaper wastes 30% - you heard right 30% of power. Also some call PWMs as MPPT so it is better to go for the bigger though more costly but more efficient MPPT. I use an EPEVER 70Amps charge controller. The higher the amperage the more panels you can stack on it. also there is a mode of arranging panels for maximum efficiency.

Inverter
Most inverters receive power from the grid (on-grid types). The offgrid types only uses solar power source which means no nepa. This however reduces the cost drastically. It is also possible to get fakes even on Ebay as some 3000W are actually 1500W ($26/N10,000). To be on the safe side go for one that is more than double your actual need. You can get several small ones and run your DC wire to each room.

Dry Cell (car) batteries
I plan on getting deep cycle batteries over time but for now these serve me well as the price gap is pretty wide. To be sure you do not destroy your battery never run it down . A 12v battery (actually 12.3v) should not be be downed lesser than 11.8v. Same goes for your laptop batteries, try not to go below 20% better still 30% and it will serve you well. Your MPPT charge controller has readings. Also you connect your charge controller to your battery before plugging in the solar panel terminals as this ensure the right supply voltage needed is read.

I am still in need of more panels as I turn off my power supply to my laptop and then turn it back on when low. This conserves power and prevents wastage. You would also need LED bulbs to save power. Anything you do not need, turn off. I hope this helps.

Wishing you well - Teemy

banmee:
More. . . . . . .

Load and ready my sub account for the challenge, remember I only need $100 for the challenge, I deposit more coz I can
So I have $100 x3 for the challenge, let's hope I don't go far down lol.
Anybody want to help create excel for the challange, lotsize ??

I'm doing this with a friend but he's not on Nairaland.

wamiikechukwu:
well my own eye sight might not be strong enough

lets wait and see sha

Looks good on daily but you have to wait for it to close

Check E/G , I wish the hourly can close very bullish so I can sell it. A++ signal right there

incredibleace:
Yea. Thanks. The was a bit late, it was when I saw it.
‎
Currently I don't stack trades but am working on it. Would be loving tho. Sure thats where the money is.

Sure, am still learning and testing some of cj 's stuff on demo. I know I do lack patience at times(i wish say I fit dey as patient as pipsbasketings, that guy nah boss)

Am interested in the challenge but not mentally ready now. Am a bit distracted now

Yes, those A++ setup don't always come by all the time but they are worth the wait with regards to challenge( no be small be that).

For me, I will go for a shorter TP, 40-50pips.

Here some idea from a guy that did 50usd to 500usd, hes RR is 2:1, hes SL is twice hes TP in pips.‎

You should tag the guy, bring 'em back to nairaland

teemy:
Our guys broke the rules of the game. Actually the guy was trying to 'steal' systems and resell. But he was paying the contest winners well (5k, 10k) and then owning the rights to resell their systems. Not a bad trade though but for me not worth it sha selling the golden goose that lays the eggs. Our guys were then picking systems from online sources and claiming them as theirs.

Currently working on that target with consistency.

incredibleace:
sure bro, we need it. so we can break the bank.

cj is just too good, the man dey vex gan

they is always room for improvement. am still studying those cj materials and doing more research.

I came across some stuffs on a similar trading system " 3MW trading"on ff, ( but I heard ff either hid or closed it. the results were mind blowing) I can only access the first n last pages of the thread...will share the link later here

teemy:
Actually most nigerian traders can produce double an account in a month and even weekly. the problem has always been consistency. My formular is just one way to work on one's targets and achieving them in an easy to work timeline.

teemy:
I was once under those types of stress for so long a time. Members here that started this thread in January would remember my saying I have a target to start trading by mid year after ensuring my power supply issue was totally resolved. By mid year I was fully solar powered.

bigbasho:
Close to my bus stop on GU, 300+. GJ also did over 100

teemy:
The group is an old school site by Mark McRae of Surefire Trading Challenge. Maybe defunct now. (Actually Nigeria was kicked out after a while due to ...)

30% daily. Once reached I can move on to 60%.

wamiikechukwu:
guys look at USDCAD, i had to close my open position, i think a reversal is booming

What did you see? I can't see anything yet... I'll buy back at cheap price, I need it to drop so that I can buy back

incredibleace:
I have heard about the 100% monthly system, but I prefer the 9 net wins. to me its do-able currently. I just need to take my time and pick very nice entries with a high win rate

You see why we have to stack trades lol I know I can't be like CJ but I need to be better mehn... So much room for improvement. See all the space just empty. It's terrible. I need to work on it on demo and transfer it to my real account.

incredibleace:
GBPCHF 150+ pips
GBPUSD 100+ pips

Good trade you've got there, I'm still in those too, entered little earlier.
Do you ever stack trades? I've heard that's where the money is.


I need to set up a demo account to work something out and see what I'm comfortable with.

Ps: Just set up a sub live account for my 9 net wins challenge. Nobody want to join here? it's just tiny 100$ challenge
I'll only be entering my A++ set up, bad thing is that those don't appear frequently enough.
Set up with 10-20 pips max. I'll be aiming for anything 80-200 pips.
Challenge requires only 1:2 RR.

incredibleace:
when I started I tried a lot of strategy and systems like renko bars, MACD, heiken ashi with EMA, CCI, RSI, I made profit but I wasn't consistent.

but somehow I kept coming across price action trading, I actually learnt a lot until someone mentioned captain jack on this thread(it caught my attention). so far my trading have improved since then.

teemy:
I have a similar calculation but one which does not place too much risk on the account. First saw the analysis on Traders Secret Society owned by Marc Mcrae (If I got the name right)

Starting balance $250 account doubling every month over the space of a year.

Start $250
January ending - $500
February ending - $1,000
March ending - $2,000
April ending - $4,000
.
.
.
December ending - $1,024,000


Wishing you well - Teemy

Haven't heard of the society. Good idea but I can tell you for sure this is Sooooooo difficult to achieve, aiming for 100% every month also suggest blow your account in a month.

Mine is more of a challenge, no one should trade his/her real account that way. Mine is just 9 net wins, can't even compare to yours. I won't even attempt yours because I think it's very difficult and only few people in this world can attain it. I can't realistic say % I'll attain at the end of the month, I just follow the market.

So are you working on this right now?

Ps: Why are you guys selling U/J now , I need it to close bullish, so I can sell the sh*t out of it tomorrow and make boat loads of $$$... Please help push it back up

Pipsbasketings:
Yes bro, I checked the W1. It would have been a very excellent buy but two things

1. The pin candle that formed last week made it indecisive.
2. Why look at W1 to trade, if you do it means that you may not go out of a trade even after about 7-8 candles, that is about 3months in a trade,
it's too much. Moreover, a strong buy may show on W1 while I see a sell on D1, I am entitled to sell because I can get about 7 sell candles on D1 which is just a week candle in your case. Don't forget that by me doing this, I could sometimes earn about 700 pips or more just on D1.

priceaction:
[/quote]

Pipsbasketings post=61004943:

incredibleace:

[quote author=bigbasho post=60979671]

wamiikechukwu:
[/quote

[quote author=onojiwizardgmailcom post=61000819]

tafrica:
Thanks bro, Im still doing demo. Not in any hurry to go live.

Yes, insta suspended the account and asked me to fund with $50 to start trading again.

lifegoeson12k:
ok, cool. I know you are a guru, is it now a crime to let others benefit? u didnt see the mention of money to be paid for seminar.


Good morning all, for more research to know how credible this company is, Google search the following names on youtube and see there presentation.

steemlord:
see how Fast this MLM marketer trows insults on a forex thread
NO 1. warning sign!

tafrica:
Hello gurus,
Is it safe and advisable to set a new trade on friday till following week?

I'm a newbie.

Also, I heard from different corners that I shouldn't take instaforex bonus, that it comes with arious harsh conditions, how true? How can I reject the bonus if I want to? though I have traded with the bonus and earned 10% already and therefore suspended till I fund the account again, can I still reject the bonus?

Thanks

wamiikechukwu:
sorry oooo but i don't understand.

are you talking about the win ratio, pls explain further?

incredibleace:
yea I saw it in ff earlier, I think its possible, a certain guy/man in nairaland has done it before($50-$500+) in 5 trades. there was how he did the calculation(i have forgotten) on the lot size.

I think if you take the best entries( pinning it on the foxes tails) you stand a greater chance

Note: newbies keep off, I stay away for now maybe in the near future(when I get plenty dollars to throway)

wamiikechukwu:
400pips