₦airaland Forum

charly20:
Y'all remember the USDCAD trade I was holding since 23/09/2021? Well, I was liquidated today . Profit was not taken because I've been trying to master the art of position scaling. Twice I've been bitten but I'll try again.

My trading style is quite different and I'll try to "bleed as much as possible during training" so that I wouldn't bleed much on the battle field.
I'd love to hear any advice from more experienced swing traders who do my type of swing trading on how I can improve as regards position management.

My trading history since I started this account proves that gold has been a major setback and that is why she has been asked to take a break from the watchlist

I'm still bullish on USDCAD BTW

VlamesIffect:
Boss e fit dey in your favour....even me i just check Fo.r.e.x fctory and red news coming up on audjpy and nzdjpy....i dun move my sl to pay for my swaps.. Incase e buy.

CopyJoe:
I am still trying to come to terms with using big lot size. It's messing up my psychology big time.

It's as if it's real and not a demo contest.

Losing such an amount of dollars is still strange.

I'll get used to it someday.

I noticed. Well, my friend, you don't have any other choice than to Eat That Frog! The Lord is ur strength

GabsonFX:
This Gold Call Update: Today, I was at war with gold; I woke up to see it almost hit my SL, na so I longed again with double lot, went further against me, I tripled my lot until I saw a pull back where I regained some of the losses.

I entered a revenge still on H1, went against me, entered the opposite, went against me.....then i put my phone under the pillow, said I'm done for today. After abt 1hr, I checked again with rest of mind, longed again still on H1 - my previous position, na so I see that long bullish candle in H1, took about 113.0 pips - yes, this is the push I ve been expecting, thus I gained back the losses, closed it and relaxed.

Gold almost messed up my psychology today, this is not me, mba, I don't trade this way. This is my personal account, not props, av gat to relax and continue at market close today.

Lesson: Avoid revenge trading.

I know they are no PERFECT traders, but Zaddy, I dey look up to u o. No panic again o, cos Na Horse Wey Dey Front Na Him D One Wey Dey Back Dey Look Take Run (Owé awon agba)

Feshizzy:
If you hurriedly exited, it means you were never confident about your entry, in the first place.

The idea of sniper entry is that they patiently await their target, and when it's time to pull the trigger, they do so with full confidence.

Anyway, always back test your system so that you don't panic on trade entry.

You bleed more in training, so you bleed less in battle.

jammer777:
Do you climb stairs one step at a time or you hurriedly climb with 2-3 steps at once?

I get the analogy, but, boss, na DOLLAR o (mullah, greenback, ego, kudi, owo, money) we dey talk about o . Even though na Demo Contest account, I no wan joke with LOSS, at all, at all. General rule says, Cut The Losses, Quick!

Anyways, thanks. I go marry that analogy with my trading, small small

oladayo63:
Please can you mention some?

Thanks

saintfaculty:
It's just a target, nothing much...

GabsonFX:
In addition @Successsam121

Why don't they make the % required for scale up to be same as %DD. If they say 5% DD, they should make % scale up 5% also, by this I know we are on same platform and equation is balanced.

In fact TCF says 10% DD and 10% profit for scale up, but you can make 5% profit if you like to withdraw your profit.

In pure business terms, I would prefer to pay TCF US$290 to buy a US$50,000 (10%DD = $5,000) and make ONLY 5% profit = US$2,500, i get 55% share = US$1,375 in a month IF & ONLY IF I'm sure I can make about 250pips ish in the month. This means I use US$290 to buy $5,000 capacity rather than using $2,450 to buy $2,500.

There is no harm trying them anyways, at least you know what you are gonna encounter...it's all game of the mind.

Come, young man, after reading all these replies from Master Gabsonfx and still ask another question from here, I go come Ojota come beat u. Wait, abeg, where u dey stay, again, dat year?

There would be harm if you trying them, bro. Don't, pls!

saintfaculty:
Looking at $1500 this week... God help us

Ah! If I see $500 lasan, I go don kpatè (close shop) go dey sweep the whole of Oshodi Oke bridge dey dance join am sef. Bro, careful o. Tame emotions o

charly20:
Happy Saturday everyone,
I'd love for us to take a look at EU with me. The previous low which I had expected to hold was brutally broken (in Jim beglin's voice: "It was no small battle" ).

I'd also like to use this medium to express my frustration with my demo account. Mehn , It feels like the more I try to move forward, the more backward I go. Majority of my losses came from gold and it is telling on the account. It has suffered major hits and I'm frustrated . I have removed it from my list and I hope to breathe better.
We have to keep pushing o. I want to handle accounts like Mr.Gabson o

Hopefully, we'll all see what became of the demo account at the end of the year. May the new week favour us all!

VlamesIffect:
Bro this your humble learner stuff is becoming to much abeg....
Yes we know you are humble.....if you type am 1 more time. I go use my mod account Ban you for 3000 days....

Wetin me sef know?

I am just a humble learner, like every other humble learners.

But joke apart, Original Humble Learner, still reduce the volume, dooh. One love

GabsonFX:
Gold Analysis:

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Trend broken (Yellow Line) OR NOT yet(Blue Line)?
The magenta line says that level is respected (3rd picture)

While I have waited for my entries on D1 but not coming through yet, I decided to try my 2nd entry analysis: I spotted a very small risk (SL = 50pips ish). It seems to me that the downtrend is broken already as indicated by the yellow line, but if I'm wrong, then it means that it is not yet broken as indicated by the blue line. But anyway, I'm OK risking 50pips SL on gold, but I'm expecting 600pips ish if it obeys my call.

I'm closely watching Monday's candle, if bullish - I will massively continue to long, if bearish, I will leave it to take my SL or I exit manually.

As for me, I don download and save those pictures. I go dey look am, both in the dream and when awake . If I no learn to trade like you, wetin be my gain, again (excuse the pun)

johnsonm2g:
Thank you for the response. Yes, I've already registered for the Demo contest, just on verification phase.

GabsonFX:
Glory to God Almighty...I just bagged another live account with FTMO, this time US$100,000.
I passed the Challenge last month and now just passed the verification, just now!

---

Challenge: The first two pictures
Verification: The last two pictures

You can also view the accounts metrics here:
Challenge stage: https://trader.ftmo.com/metrix?share=8d70859c0ec8
Verification stage: https://trader.ftmo.com/metrix?share=a6e59bcd423b

I'm the happiest person on earth cos this verification stage dealt with me but I did not allow it to kill me.

VlamesIffect:
Boss boss be like say na demo be this bah? See the way you dey chase EURUSD price

I dun talk am say.. not until October monthly candlestick open before any kind of buy go happen....

By the way.... I dun short nzd/yen...you see that 300 + pips...i must chop am....

charly20:
... Laugh no go kill me .

You even stalked him

I needed to see who he is, since d day he called us 'Noise Maker' and stumbled on dat thread of his

Piptocoin:
[color=indigo]Na so winners take dey start. Hopefully, you come out among the top 3 in the next competition [/color]

johnsonm2g:
Please is this the Demo contest? Does one need to fund one's account to contest and do I also need to open an account with them. Please I need your clarification on this because I'm confused on how it works. Thanks.

VlamesIffect:
Just funny...na so person wants to buy usdjpy.

Anything yen is a sell for October : chfjpy, nzdjpy, audjpy ...

GabsonFX:
There is a guy, Joshua, in the FTMO team who currently trades US$450,000, he was recently interviewed...He made $33,000 profit just last month.

Don't let anyone discourage you from going for these props, or that no prop firm would fund you; they are life changing. You've got to step up your game.

I'm starting another US$200,000 challenge with them by next month.... , I make too much noise Yes, it is to open our eyes by force - by force and bring about reality, strictly for motivations ONLY.

Boss, I dey wit you on that. The 'Noise' dey ginger me here

A whopping $33,000! . I dey go look for that guy story to read it. Or, kindly pass it along by email, if u have it, sir

samfelly:
God, abeg, help me to try my best to remove that zero (0) attached to two (2) in 20th to become 2nd.

Modified: came 37th out of 874 contestants. Those pipo from Turkmenistan, Russia, Ukraine, Indonesia, Uzbekistan and Brazil no gree me from Nigeria o. No qualms, we go, again!

In Jimmy Cliff's words;
You can get it if you really want
But you must try, try and try
Try and try, you'll succeed at last

GabsonFX:
You can go ahead, but don't do it again.
Better to leave only the pair to trade in your tray as Samfelly rightly suggested

Piptocoin:
[color=indigo]Please, pardon my asking as I have been curious for a long time now. Are you a M of F? I ask because your manner of speaking is guyish but I see (f) on your moniker.[/color]

Okunrin lanti lanti ni VlamesIffect na

successsam121:
Nice one there, sir, but me thinking EU could possibly pay a visit to 1.1550/70 monthly support area before it takes a U-turn to the upside. But......
Wetin I know sef?

Still a humble learner.

Boss, u know so much than you show.

Abeg, u know no bi learner at all . Though u humble, I give u dat one. But learner no join.

Na Struggling Trader like moi be learner

Carry go, nothing do u, alaye

Feshizzy:
Lol
My trade explorer full everywhere,
Na all these special comments, make me dey hide open/close trade.

Like i said before, my trading style no be child's play
Wait till e close, you go see if na demo or live

charly20:
I just think he was letting out his disappointment for not qualifying for the trials. We hope to see him around anyway .

It is well!

GabsonFX:
Glory to God Almighty...I just bagged another live account with FTMO, this time US$100,000.
I passed the Challenge last month and now just passed the verification, just now!

---

Challenge: The first two pictures
Verification: The last two pictures

You can also view the accounts metrics here:
Challenge stage: https://trader.ftmo.com/metrix?share=8d70859c0ec8
Verification stage: https://trader.ftmo.com/metrix?share=a6e59bcd423b

I'm the happiest person on earth cos this verification stage dealt with me but I did not allow it to kill me.

MrEmir:
Nice one, but don't let it know that you've divorced it yet (just ghost it). So that when the large capital arrives, it would be easy to woo it back. Gold na very jealous lover

Ghost Mode activated den

MrEmir:
I don see am o, but I'll join the cheering team. We're banking on you guys. Make us proud.

But honestly I do wonder if gabsonfx na Nigerian, because some of the stuffs he pulls here lives me in awe.

If any other opportunity comes up like this again, I'll go for it. Meanwhile lemme keep sharping my skills.
Thanks mate for holla at us