₦airaland Forum

Alexas58:
Plenty novice on this thread!

You clearly saw that there is no clear base!
The first guy that is on funded next!

You clearly saw that there is a fresh decline!
And you went and set buy limit!

Immediately you got stopped out!

Forget about making money in this game first

Think of how to understand how the game works!
Then every other thing shall fall in place!

2 years of consistent learning

3rd year, you can start becoming profitable!


Y’all skip the process
It’s meant to be
1. Learn
2. Practice
3. Earn!

But you all start from stage 3.

Happy new week!

Can oil sustain support?

Or will it take us to 67

We are currently experiencing a little downtrend in a support region


Trade and think like a champion

dmahn:
Market no be anybody mate .... Mentor sef Don collect wotowoto

samfelly:
Na bollinger band dey push me dey speculate wetin no go happen o - no mind me. Me too don sidon check am, ah! I went too far with that kind speculation. My conscience don even dey speak to me sef.

My conscience: '2852? Haba, Sam! You didn't even speculate with 2751 or 2712. Be careful o.'

Pipsmarshall1:
GbpUsd. Buy trade.
Sl: 1.30100

For November mentorship. Book now: PIPmarshall2021@gmail .com
Fee: 100k

Ibrahimlagosian:
Hello Guys, I'm setting up a challenge for myself which would be documented here extensively for accountability.I decided to come up with this idea to help me get a better objective view of my trading style and regime.
So, it's about taking my $25k and $15k fundednext account out of 7.4% and 8.5% drawdown respectively back to break even,passing the evaluation phase 1 and 2,making to funded stage and making to payout.
My current edge have a well developed statistical evidence of it's profitability as I have over 3 years of backtested data with more than 300 trades recorded as wins,BE or losses.The system have an overall winrate of 66% with an average 4RR,which I believe is highly profitable if executed well.
I made a thorough assessment this weekend and found out I have a major flaw when it's comes to execution that hindered my progress so far.I do miss out on trades most especially winners and I also sabotage my winners through exit errors and the likes.So far this month, technically,I was supposed to be up by 18-23RR but I ended with something more lesser than that,I got fed up and I think the best solution is to make my trading activities public.

Dominicj:
i didnt want to assume till i chatted her to ask and she said she wasnt the one the guy na fool

BTCproMax:
I just flipped another $600 into over $5K!

But here's the thing; 👇

Turning $500/$600 into $5K is the same as turning $10 into $100 or $1 into $10.
🤗🤗
The difference lies in the mindset. You need the discipline to execute your strategy and the patience to hold on.

That mindset comes from consistency💯.

The more you win, the more confident and focused you become, it’s not as difficult or complex as you think, hope this helps ✌️. #Culture

Someone drew my attention to this twitter handle,

https://x.com/midrizzy1/status/1847669183670046730?t=XMqcq2TTEluDkuai2LVpqA&s=19

That that's where you get everything you asserting here.

Please, are you a FRAUD, here, or you're the owner of that twitter handle, as well?

Ibrahimlagosian:
Abeg make e no take am serious oh ,place just dry,I wan spice am up.
Samfelly how your side na.

Ibrahimlagosian:
My people,help me oh. ,I have been trading since last year but I couldn't pass my $40k worth of prop account.it's getting sickening and depressing,both accounts are sitting at 8% drawdown.i got the accounts some months back and I'm struggling to get them out of drawdown.l .
I would make profit but gradually lose it back to losses from system randomness,mis-executing and also missing out on profitable trades due to other factors.

Ibrahimlagosian:
Wrong bias bro

Profitfx, abeg, overlook Ibro. He jokes quite a lot. If you can teach him some things here. T 4 thanks 🙏

LincolnOnyeabor:
Make una epp me ooo

Over trading wants to end me walahi!


I don tire fa.

Almost blown this profits I made today. This is a cry for help oooo

Donsheddy:
Yes oh... But the 6k still huge for eye oh...
Trading large account size no easy the figures mad

Donsheddy:
I can't remember sha if i dropped it somewhere but I will drop it if you need it

Donsheddy:
The strategy a simple on the 15k account I'll be using 0.07 lots on gold and 0.12 lots on GBP USD and also risk to reward will be 1:1

And I will have 50 pips stop loss on gold and 30 pips stop loss on GBP USD

My profit target each day will be $45 meaning if I have a trade on GBPUSD and gold at the same time once my profit shows $45 I'm closing all trades

Meanwhile take profit will be set at 30 pips for GBP USD and 50 pips for gold

Which means if gold take profits hits first I'll be having $35 that means I need just 10 more pips on GBPUSD to get my daily target and I close the trade same applies to gold if GBP hits first I'll be needing 20 pips on gold to hit my target so that's how I intend to work through this let's see how it goes....

In situations where one hits stop loss first alert the second to run to take profit in order to cover for the initial loss but if both trade he stop loss in a day I close for the day and continue trading in next day....

This means both trade has a risk of $71 if both hits stop loss but in situation whereby one hit stop loss and the other is take off it I'll be closing at break even

In other words I'll be risking 0.47% on 15k account and and 0.3% on 25k account with intention of getting at least 2% per month thank you

Donsheddy:
I feel like updating this tbread today...
So far this is how far I've gone on the 200k account....
Slowly but surely it will happen
Live account is still active and dishing out profit consistently....

samfelly:
My Gold sell don ready

Modified: Aborted

samfelly:
Sharp.

I go join you in that sell sef if Gold (Silver younger broda) give me that kind 'assurance' Dave gave Chi.

Profitfx:
Buy throughout this week

geedot:
Seems you are so certain, why don't you long it Sam and bag 300pips just like that.

dmahn:
Don't mind me jàre.. The strategy I traded tells me to close at 1:1 or BE... Plus I'm just too indiscipline .

I've entered another 1:1 short today. Hopefully this will TP or SL

geedot:
. It's currently tanking against me, if I'm not stopped out by the end of the day. I will reevaluate if to adjust the stop all close them at loss.

geedot:
On the side note: GbpAud short at the current price is worth it for anyone interested. I'm expecting some 300pips drop.

samfelly:
Make I go find entry for your trade call joor. Thanks

geedot:
Of course price could keep pushing through non stop to that zone and reverse truly. No one knows if it will do until it does. The thing with almost all indicators is that they lag behind price, always. What makes this your assertion even funnier is that, why would something that lags behind price predicts correctly where price will stop and reverse, when in actual fact price must reverse first before the indicator must show the reversal signal?

On the side note: GbpAud short at the current price is worth it for anyone interested. I'm expecting some 300pips drop.

dmahn:
I hate to see consolidation ... Trade Closed at 1:1.4

geedot:
What was the speculation based on? That's what I'm curious about. Because the zone you mentioned sef, price has never gotten there before that might have suggested you're hoping it will react off it based on past price behavior at the zone.

geedot:
What made you think this is the zone where it will start selling from? I'm curious. And how are you also sure it won't continue buying when it gets there?

geedot:
Gold has been on my watchlist for weeks now without me acting. The last time price was around this zone, it sold down, but not much as I had anticipated because I expected it to come back for some retest.

It came back to the zone on Friday and there were lot of buy volume activity at the top but price started stalling again as I had envisaged. Could be that the buyers are being absorbed or maybe some shorts stopping out. One thing certain is price is not moving as it should with such heavy buying happening at the zone.

I've entered a short and have another sell limit order at the recent high. Let's see how this unfolds in the next coming weeks.

@blackman007.

geedot:
Everyone with different system. But the only truth about the market is people must place order if they want to buy and also place order if they want to sell. Be it banks, be it big companies like Mercedes, Toyota etc. They must place order which is the major reason prices moves up and down.

All you need to do is work out a system that makes you know when the sellers are about to take over, and you join them selling or buyers and join them buying.

Just one tip: For example, price blasted through a resistance zone, most late sellers would definitely be stopped out with this whoosh, which in return should creates floods of buy orders because you have to buy to get out of a selling position which should continue the price moving even further up.

But for one reason or the other, you noticed price is not moving further up, instead it started stalling. That's a cue that there are lot of sellers chewing all the buy orders at that zone. If price should eventually close back into the resistance zone that was broken. Enter a sell with your stop just above the recent high and you can use the next support zone as your TP.

Could be a 1x risk reward, could be 2x. Your take profit should be determined by market flow and not a rigid 1:5 even though it's unlikely price might get there.
This is not a how to trade guide, but instead to understand what happens behind the hood.
These order flows are what moves prices and nothing more.

That's the reason fundamentals believe news is the catalyst, news give people reason to buy or sell. It doesn't decide price direction. That's why sometimes, a particular news comes out favoring the US dollar, but you see gold moving mad bullish even though fundamentals is screaming sell.
The people participating at that point in time probably didn't give a hoot about that particular news and decided to buy gold instead.

Then you see fundamentals guys comes out with various excuses as to why price didn't go the way of the released news. You hear things like manipulation etc. It's all nonsense, don't predict but react to what you see.

More buyers than seller, price will keep shooting up till there are no more buyers to move it, then it starts dropping to find more buyers, if the sellers saw the fall in price and believe price is going down and started pilling up sell orders, then price keeps dropping till the sellers meet more buyers and it starts rising again. That's just it.

CaptainJune:
An old trading wisdom is: want whatever the market wants. This is our primary job as traders. A trader who has a rigid view of market expectations will have his account constantly bleeding. The markets evolve everyday means that sentiment changes constantly and, many times, without warning. For example, when market sentiment has changed from bearish to bullish but a certain trader, being bearish, refuses to admit the fact and will not want what the markets want will have his account seriously depleted.

This doesn't mean you should have a different strategy for different market sentiment or movement. Rather, you should have a strategy that helps you detect when market sentiment has changed and follow the new sentiment.

One way to do this is to have an invalidation zone of your current market view where a breach of that zone should alert you to a change in the market rhythm prompting you to exit your trade at a loss, breakeven, or profit. We don't know what the market will do but we can always follow it by reacting to what it does because the market is a dynamic structure that evolves while we simply react. Nothing more, nothing else.

Geovanni412:
@blackman007, just follow the above advice especially if you are a day trader or scalper

In addition, try and limit number of pairs you are trading if market is ranging to one or two

There is no correlation system that can help you in a range market. Range market here means the high or low of the monthly is yet to be broken. In range market, two correlated pairs will rarely move simultaneously in the same direction.

blackman007:
I’m telling you boss, I have made screenshots of all the responses, and I’ll get back to work.. until then I’m still on break, I want to cool my head down…

CandyOps:
No be today I begin cut cost.

1. Switched from Eva bottled water to sachets.

2. Semo to Garri.

3. Trekking instead of driving to short distances

4. No DSTV at all. Android Tv Stick ti take over

5. Moved out of a 850k per annum single room flat to a 1m per annum 4 bedroom apartment with a flatmate.

6. No more 30 - 40GB MTN monthly sub. Moved to Starlink but shared amongst 6 other flats.

7. No more 1.1.1 eating ration now I try to skip meals even though food dey but I think about tomorrow especially biz is stagnant for me.

8. No more multiple dating. I no dey even approach any babe again. We talk we say goodbyes that's it.

9. No more weed. Can't be getting hungry anyhow in this TPain economy.

10. Turn off the fridge/freezer during the day after letting it run all 9t.

11. No throw-awaying of leftover foods. We have a fridge for a reason.

12. WhatsApp calls now over voice calls. Except on some cases.

13. 1 bottle of beer now as against binge drinking.

14. No more Mr-Nice-Guy to all casual female friends. No data no airtime nothing lol

15. Joint business venture especially with FB advertising. I now focus on polling funds together and organic sales.

Currently considering night bus travels over daytime travels.

I fit even sell this car sef.. I just dey take style dey study one market. if I get a hang of it and need funds, the car will go.

successsam121:
God bless you oga Sam for this recommendation.

@Blackman007
All what you need is Price action with SnR as you can find it on the link recommended above. That site will help you a lot Unlearn in order to relearn. Forget about all those YouTube rubbish. 80% of them are not profitable traders but fx hustlers.
Start with daily tf. This will help you improve on your impatience and greed (5x on trades that you are not sure or confident about) and also over trading.
Regardless of the strategy employed to make profit, always endeavor to make a withdrawal of 50% of profit made, at least. Pay yourself first because past performance doesn't guarantee future profit o.
One can double or triple one's account in a month or less. It's doable but with right mindset.