₦airaland Forum

IMAliyu:
Signed up for the FBS level up bonus, (a no deposit account)

I'm trading rather recklessly to meet up with the requirements.

I plan to give an update by the end of this if I fail, or if I succeed.
In the event that I succeed, to see if they'll give you the profits as promised or not.

CopyJoe:
I thought the competition has started.

I'll have to open another account and synchronize.

redsox11:
Copied from member**

A FULL AND COMPREHENSIVE UNDERSTANDING OF THE PSYCHOLOGY APPLIED BY THE MARKET MAKER TO PRICE ACTION”

SO MANY want to be spoonfed a method to success... That's simply not going to happen anywhere. And if someone says the are going to give you a complete system and methodology to succeed in this market... well, as my Grandfather would say, "You better have one hand on your wallet and the other covering your ass because your going to get *****d

Everyone wants the secrets and No! I'm not dangling carrots. Everyone wants a clear and concise explanation... that aint going to happen. Why would that be put out in an open forum? Let alone the time and effort to try and write out and explain in words... and countless charts.

I remember the first time I sat with George, live on Skype. I believe it was over 4.5 hours nearer to 5 hours. At that point “THE ALGO” became clear.

Now, think how many words were spoken and questions asked in almost 5 solid hours of chart time? How many examples were laid out. Is it any wonder George's preferred method of communication was via Skype?

This thread was never intended to LAY OUT point by point the reasons why a Single Algo controls the market. It is a discussion to simply open the eyes of traders to the reality of the market. And as I have said... WHEN YOU KNOW, YOU KNOW. There is so going back.

Here are some points to consider when thinking how this Algo operates. Now bear in mind. I'm no George. I'm no scholar and quite frankly I'm not great at Math. But I am sure as heck can trade very profitably. You dont need to be a genius.

THE MARKET IS A BRILLIANT, PERFECTLY PRECISE NON-RANDOM BEING.

One has to look at targets. TARGETS! TARGETS!! TARGETS!!!

One has to figure out that 95% of the time a target will not break. It will be matched or near matched to illicit HERD MENTALITY VALIDATION.

One has to look at time of day, time of session.

One has to look at pips moved over what time. Speed.

One figures out that 95+% if price moves a certain amount, it will reverse or it will continue.

X amount of pips 95% chance it continues.

X amount of pips 95% chance it reverses.

How many you ask?

One has to look at CONTRADICTION IN THE MOMENTUM ON SEVERAL DIFFERENT TIMEFRAMES. This gives you precise clues to where the market reverses.

What is contradiction of momentum? A quick way to visualize it is with two Moving Averages and the relationship of the speed and size of candles extending from one MA thru another.

One has to understand the market in its complete FRACTAL NATURE. The precision applied by the Algo when Momentum is skewed. When price and time are skewed.

One has to look at the SQUARING OF PRICE AND TIME. That's a college course in itself.

One has to look at the Filters George employs.

Have I explained the Algo? NO. I can't explain it. I'm simply not that smart. Does that mean it does not exist? NO.

And I am NOT a Conspiracy theorist. BUT when one begins to understand VISUALLY thru Charts the precision -THE PRECISION of the charts relative to all of what I have said AND MUCH MORE - you soon realize this market is simply an ILLUSION.

Yes Forex is a zero sum game. But when you understand how orderbooks work - balancing of orders in a Huge decentralized market to the level of precision on the charts, one's eyes open. How can things balance so precise to the pip? How can price move and backfill liquidity left behind to the pip? How does the precise amount of money come back into the market to move the market to take out clusters of stops?

When one starts looking closely and opens up their mind and questions the precision of the market and how it absolutely, perfectly balances itself, you begin to understand. How is it possible that the market squares itself thru price and time ON ALL INSTRUMENTS? The precise amount of money always comes into the market at precisely the right time to balance. HAHAHA... never... irrespectful of news or trend etc. Oh, yes, X corporation just happens to need to buy 500 million pounds. Oh, and Y corp needs to buy 250 million dollars and Z corp needs to buy 900 million Yen. And this repeats itself multiple, multiple times a day upon all instruments, upon all Fractals of time. Back and forth testing and retesting targets. Then blowing thru in a 1 minute candle to take out stops or fill passed orders and liquidity.

When one starts seeing this and seeing the Psychology applied to the charts. NOT STRUCTURE! Far more detailed than structure. The liquidity gaps by wide ranging candles. The microgaps between the candles. Then the Market stretches its momentum at the same time moving "X" amount of pip on a 15m candle with absolutely no news to blame. But when one looks at the 1 minute and understands the Algo you see why. You start to understand the ILLUSION the False Narrative being REPLAYED 24/5

There is so much more to what I have stated here in simple GIBBERISH terms.

I have the utmost respect for George, Andy and PETE!

When I first came under George's “Wing” for lack of a better word. My trading was sufficient. Within weeks of fully immersing myself in “THE ALGO” and how it operates. Again the precision. My trading metrics went thru the roof. My returns skyrocketed. I believe 92-94% win rate thousands of percent return in the first 3 months. Always very little drawdown. No hedging by me. Trades all closed within the session traded. I believe on average 120+ pips. Every single night trading Frankfurt-London open. Being on the West Coast PST. Trading London simply is not sustainable for my lifestyle.

So now I trade one asset only and that's the US30. I trade the NY open and into the morning and that's it. Done for the day. One asset only to focus on fits me perfectly as I trade to live, not live to trade.

And once again I understand a lot of what I said may make no sense to many. It takes chatting over charts for many many hours to begin to truly understand “THE ALGO”

And I understand many will say I haven't a clue how the market works, lol. Thats ok, too. I'm not the best at explaining my thoughts so I ramble a bit. Actually I'm just a monkey hammering away at a keyboard. LOL.

I back Andy and Pete and the ALGO camp up 1000% all thanks to the Great George of course.

AS I ALWAYS SAID BOYS. WHEN YOU KNOW YOU KNOW

GabsonFX:
My contribution is this:
There is a reason why there are different trading styles: Scalpers, day traders, swingers, and position traders. These different TFs define your trading style, you just have to discover which TF works for you and stick to it.
Note: each trading styles have their bad times (days or weeks), when you jump from one TF to another, it means you are jumping from one trading style to another, you may be at high risk because you may join the day traders at their bad time and then you switch to swingers but again during their bad times.

The goal should be, I want to remain with my style, come rain or come shine, I'm there during the bad times and there during the good times; my 2nd goal will now be filtering out the bad times so I don't get too much of it.

From my experience, if you jump from one TF to another even though they seem like perfect entry, it wanders the trading mind.

Above all, do what works for you, as long as profits are made.

GabsonFX:
My brother, my hobby is to teach, I've taught for years, still teaching, and will retire teaching. Another reason I came up with a youtube channel, not to gain followers or to earn youtube $cash, mba - he no fit reach me; in fact, I've spent thousands of dollars on all required pieces of recording equipment and have all been delivered but mhen - I'm damn too busy atleast for now. I've got requests on telegram to open a telegram channel which I had to decline cos I'm just too busy. However, I will continue to teach, not just fx, I venture into other different stuff outside fx and NL. It's a desirable pleasure. Nonetheless, let's venture into a new topic for this weekend as par your request - I will call it "what makes forex traders going round and round a circle"

Debate: Should I trade only on ONE TIMEFRAME and stick to it throughout my trading career, even in a case where no entry shows up on that particular TF but shows up on other TFs OR I should base my strategy on trading any TIMEFRAME AT ALL which depicts good entry at any given time, either M30, H1, H4, D1 whichever comes first then I can switch from one to another based on whichever TF I see my exact entry requirement?

FTA, Let's discuss, the floor is open: are you for the red or the green and why?

dennison4luv:
If you get the rightful strategy please share it with me.

Please house I need who will put me Through on caddie sticks names and meaning

Feshizzy:
SUMMARY
FTA-NaGrace
Year 1, Week 1

GabsonFX:
Gold Long Updates.

---

Scenario B played out today and currently reads -143pips, my long continues with caution.

Feshizzy:
Wow,
I actually like this,
You set a realistic achievable goal for yourself,
I hope you find your footings in the forex business.
The market is vast and promising for those who are diligent enough.
We would be here to always motivate you

amolak:
Hahaha! Bro, what are you still looking for again? the way you performed in the last contest, i don't think you need to be jumping from one strategy to another again. Please work on what is in your hand, that's your holy grail. Except you want to give yourself a set back

Feshizzy:
Lol, let him find his path,
Na him know wettin him see

GabsonFX:
Most of the information you need is on their site, but if you need more, dm me so we don't derail the thread.

Bro, you will not derail the thread of you answer his questions, here. Tomorrow, if another person ask same, he or she will be referred. Just my 5 cent

TheYoda:
I hope new guys are actually learning here, real learning , looking at members they like, looking at the chart, backtesting and forward testing.
GabsonFX is literally giving out years of research and how he go about entering the market, maybe not all but he has given more than enough, sometimes I wonder why he goes to that extent, just to help others out here.

You are still jumping from one system to another, why keep jumping when someone is giving you blueprint and years of research. I don't want to tag his posts, how many I even fit tag self, he gave so much info by just looking at his chart.

PeaceJoyLove:
Go and consult some grounded in economics to teach you how to really break away from mounting pressure on the nation's currency and not over depend on dollars. The issue of scarcity of dollars should not even happen in a very good economy because transactions should not be only with it. You are ignorant and you dont know anything about economics and wealth. If you became the Nigerian president today, you would destroy everything. Again, you are ignorant about saying nations use BDC which is a separate entity from commercial and merchant banks. Even they are used which can occur (no contest) the main issue is that how can BDC have 50 to 100% difference from the amount commercial banks should sell. In fact commercials banks dont sell in Nigeria because of the profit they will get from BDC. They prefer to divert it there.

Oga, use your sense. The same quantity of dollars which is available that commercial and merchant banks divert to BDC is the same quantity CBN has ordered them to start selling. The same economics strategy used to make $ available is the same now. The only difference is that CBN wants commercial banks give it out to customers directly instead of using BDC which always creates artificial devaluation. So go and use your brain. You are zero upstairs for saying rubbish.

Your head dey pain you. So, that Nigeria is an importing economy justifies $1 is N500 in the morning and N525 in the evening is caused as a result of scarcity? Mum.u. The kind of economics you are preaching is called "Pen robbery abrakatabra".

That google you mentioned is what you should return to. Dullard! You deserve it cos you are manner less and dont know how to address one. It's my post and you can go huo a transformer of you font like it. Idiotaaaa.

It is clear you are a beneficiary of the wickedness of BDC and God has finished the story by making CBN do the right thing. Dullard...is it operating BDC that will make Nigeria to start producing? Mu.mu raise to the power of infinity. Get the heck outta my mention. Dullard. Opportunist. You are all going down this time. You have destroyed Nigeria enough. If you like go and start carrying AK47 to rob since BDC free money is closed. We will push further for capital punishment for robbery. And personally, I will push for firing squad. Injecting you people is not a good punishment. We will push for trained shooter to target your eyes, scrotums and jaws to first be shot, and they relax for 1 hour so you all roll in pain well before they come for round two to spray the whole of your body. And we will process your remain into manure to grow vegetables and grains. Your remains will not go wasted. We will use them. Dont worry. Yes, this will serve right all the enemies of Nigeria. We will be great again.

Dullard...get the heck outta my mention. Idi.ot!

Your moniker says it all... HausaMan. It's you hausas in the business. Good. We will crack you down. We will flush you out of Tejuosho, Surulere (Masha), Ojuelegba, Island, and all places you operate. Good Hausas with good intentions will remain like those farmers selling grains and vegetables (these good ones are my abokis....I love them) , but you idiots doing BDC will be cracked down. Enough of you destroying Nigeria.

Goodbye!

infofirst:
https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1391&rx=1627647383402

@Qpetz exceptional DD will attract same reward as first position

Link for the August contest. Start date is end of trading day on Monday to give room for contestants to join.
This will be the last contest from me for this season. Until next Season by His grace.
Some one else might have something in the offering too.
I hope we keep learning and will be better when we conclude this and return next season.
Top 5 will be rewarded $50 $50 $30 $30 $20 respectively when final announcement is made for the July contest. Those numbers am looking at are impressive

infofirst:
I think the end time for the contest was a mistake. It ought to have ended an hour ago. I will go ahead to manually end it and disqualify @samfelly ( I am not able to access his trades and I have reached out to him days before now but got no response. I gave him all these chances because I remembered he informed me about some stuffs that I allowed but not hiding trades) and then finalize it.

Whoever has any reservations with the top 5 traders can call our attn to it before we announce winners. I will delay announcement till tomorrow. I realized there are a number of trades to look through in each of the contestants .

Thank you

Theyoungmaster:
Good evening to my elders and bosses in the house. I've missed this family.

Na so o. We miss u, also. Now that BBN2021 don start, many traders no go concentrate. Me, number 1

Tony142:
Wow, you still have a long way to go, anyway, I wish you safety, in your Forex journey

Tony142:
After studying the Forex market for some years I discovered that there are 12 stages which all traders pass through

"Who ever do not pass through this 12 stages is not a trader and whoever is a trader most pass through it" - Tony,142

The 12 stages, which all traders pass through are:

1. Fantasy stage
2. Get rich quick syndrome stage
3. Jumping from strategy to strategy stage
4. Fake Reality stage
5. Harsh Reality stage
6. Frustration stage
7. Depression stage
8. Forex is a scam stage
9. Given up stage
10. Persistence stage
11. Breakeven stage
12. Profitable stage

This stages is like a circle, The annoying part of this stages is that, you can be in stage 10 today, but in 2 months time you might return back to stage 3. And start climbing up the ladder again, and the circle continues.

I do not have time to explain each of the stages now, but when I have the time I will explain them, and add a lot of humor to it when explaining them, trust me everybody on this thread will relate to each of the stages when I start the explanation

What stage are you?

Forexislife:
I quoted a post I made in London session when I took the trade.

Forexislife:
so this took my SL and went to my TP. I don't like London session.

karkinase:
Gold is cursed..trade Beeteec instead.

neurowale001:
Dear seasoned traders,I intend to start my live trading on Monday.... What's the advisable capital to start with??..

cybertron88:
Calm down bro. It's a prop firm TCF that I trade for and split profit monthly.

cybertron88:
Na 5k live acc be dat o

cybertron88:
Screenshot below. Loss is a must I see it as d cost of doing business. Meanwhile GU has taken out d loss of yesterday this morning

infofirst:
New contest link, Kindly ensure you read the rules before joining.

Thank you
https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1366&rx=1625132091881

cybertron88:
Market show me shege today.

NetValueFX:
What do you expect from a bot that was programmed in 2005?

Tony142:
boss, Is it a demo contest or live account?