₦airaland Forum

Jameselias:
Nawao

Danator:
@donsheddy
@davigle
@samfelly
This man don dey ask since. Make una help am abeg.

PriceActionZ:
i guess some aggrieved someone/people have reported it, now it's been blocked. I guess that's why this place has been quiet. Something likely go on behind the scene and some people are offended. @Donsheddy @infofirst can you look into this and create a new one so that people can go back to the status quo? At least its helpful, faster to communicate than here.

GabsonFX2:
Thanks bosses, I returned home after 2months at work, but was only able to stay home for 4days before I got a magic call to return - so I got back, now on the Arctic .

I'm sure you guys are killing it, as for me and trading, we die there

GabsonFX2:
Hahaahahahah, 90% of those props are not reliable, Infinity Forex Funds (IFF) inclusive, at least they denied me of up to $25K payout; to succeed with these props out there is like doing hit and run like MMM: 1st is to have an edge, 2nd is to be lucky with the edge so you can be on the good side by the time they would fold up. Even guys with edge suffer in their hands, they are here to make money from us and not to see us succeed.

What I do now is heavily funded my personal account with axi, and targeting 10% biweekly or monthly, instead of the 100% or 80% that these expect in phase 1, then 50% in phase 2......It is their delusionary model which they rely on hoping that traders can become delusional, and lie to us that it is 10$ and 5% each.

Their Delusionary Model:
Prop Account (Demo): $100K
Account fee: $530
Leverage: 1:200 ish

Max Overall DD = 10% of Prop Account (=$10K)
Max Daily DD = 5% of Prop Account (=$5K)

Profit target
Phase 1: 10% of Prop Account (=$10K)
Phase 2: 5% of Prop Account (=$5K)

Look carefully, what you are given to trade with is not the prop account capital but the DD value (whether daily DD or Overall DD is now up to the trader's fate), but imagine a trader that is destined to lost the account based on:
1. Overall DD

---

What he has to trade is not $100K but the Overall DD risk of $10K, prop firm expects him/her to make 10% of prop capital ($10K). What does this mean: I give you 10K to make 10K profit, is that not 100% ROI expectation? like seriously? Let's come down to the forex basics: don't forget what risk/money management teaches us to risk little and aim just a little more return like 2% weekly or monthly or 8% yearly; how come props are forcing traders to make 100% in weeks and why would traders not be aggressive and eventually lost their account.

2. Daiily DD

---

Here, it gets worse, cos thousands of traders actually lost their prop challenge ONLY based on the daily DD: So listen, you are given $10K demo to make 100% profit ($10K) but you must not lost $5K in a day; meaning you are given $5K not $10K to make a profit of $10K; hence, they want you to make 200% of the %5K given to you.

Here, I would rather, take my fee ($530), work smarter and harder in my day to day career and raise it to the daily DD of $5K, then instead of targeting the $10K profit target which would have been 200% in the case of prop firm, I would rather just target 10% per month, which is $500. Here, my risk/money management becomes top notch and can guarantee constant monthly income, and I have withdrawal testimonies on this.

PS: The figures here are relative but proportional, in your case, it could be $100 not $500; just make the proportions.
I wish I could explain to someone with my voice rather than typing, so it can really sink. These are my model debugging I came up with after several years with props.

Selah!

(we don too practise with numerous free accounts ),

24hrUplift:
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Market opens in one hour from now...
.

24hrUplift:
No Walhalla... My beans dey on fire, make e don first... I go start am..😎

Jameselias:
Sham, shame, scam,
money grab, deception, fraud,
Illegality, criminality,
that's what it's all about

Jameselias:
Good morning

BeginnerTrader:
I'm buying gold now , stop loss 30 pips , target 170pips.

Risky trade .

Luada:
Gold sell now
2408 zone
Sl 2411
Tp open

24hrUplift:
Ok, noted.

Make sure to weigh the sacrifice before you sleep off when market opens..

24hrUplift:
Hahahahaha 😂😜😂😂

...my Belle oo..

Well..Maybe one of the days, I go try the $20 to $2000 challenge.. let's see how it will go.☝🏼🙂
.
E no easy..
.

24hrUplift:
I dey like your vibes...☝🏼
.

24hrUplift:
Oya shine your eyes 👀 before market opens...

BeginnerTrader:
The gap go favor u nah, buy position is OK. But it will be massive. This stuff is kinda rigged, political tensions always on weekends that you can't do anything on the trade.

BeginnerTrader:
Is like there will be blood bath tonight on market open, if you are holding position on Gold hmm, sorry your stop-loss won't save you 😉

PriceActionZ:
What does this chart mean? Can you break it down? Prop account? Funded? Size? From drawdown? Percentages?

XAUTrader4L2:
Not yet o baba, still waiting on that daily LH. But if price breaks the ATH then all my sell analysis enters the toilet.

Actually I am even concerned for gold sell at this point because that drop from the ATH was supposed to give a LL but gold has now confirmed another HL. A LH will give gold sells hope.

Bimmarlykay:
Omo! you've added more to this bollinstoch strategy,How do you execute using all these?

PraiseGod4u:
I dey alright ser...

How is the Forex movement

Cashhy11:
You see that Jpy pair is a devil and drawdown legend if caught at the wrong side. I learned heavily during Boss Infofirst competition last year. I hate erratic instrument, and that Jpy pair is the worst out there. Ordinary Jpy yellow folder news sef can spike up to 100pips and above in 1min. Imagine trading 1% of your account with 20pips SL. That's daily drawdowns already.

If I would advise, I'd say just stick to one JPY pair, trading EJ, UJ and GJ all at once is synonymous to putting all those lots combined on just one of them. GJ is the most volatile amongst the three, so just pick it alone and let go of the rest. Having 3 opened positions simultaneously on JPY pairs is suicide if caught on the wrong side. It's even worse if you're trading like that on a prop account.

Seems you are a swing trader, you're good to go with Jpy, just reduce the the simultaneous positions you have on them.
Look at the screenshots below and see how similar they all looked. I drew those lines on Monday and only adjusted after CPI on Thursday, and see how they are all rejecting at supports on Friday. So taking them all because they gave signal is just similar to taking just one of them and put all the lots on it.

Cashhy11:
Alright. But the normal Tradingview replay feature also works but only on Monthly, weekly and daily timeframes. It will cancel if you go lower than the daily.

Cashhy11:
I once did. It's expired and didn't bother renewing.

Cashhy11:
I think if forex Stoplosses works like the betting method, we'd all be better off. In the sense that once you enter a position and state down your SL, it should be deducted straight away from your balance, so it's either you're paid if it hits your TP or not paid because it hit your SL. I think Trading will be easier that way.

That's why they always say only risk what you can lose, because we forex traders really hate that word. Football bettors knows this and accept but we don't. Set and forget is the way to go if you want to achieve something similar to such a mindset too and not tamper with your trades after entering.

We put a SL because we believe it can go against us, but same us are not mentally ready once it starts going our SL direction. Most trade will always show patterns we are wrong, some will even turn your Short position to support and use it to target your SL lol.

What I do is, once i enter trade, I don't monitor it on the lower time frame I entered from but on the higher timeframe I spotted it. So if it wants to go against me, I will watch from there. Imagine getting a trade signal on 4hr timeframe for example, before another 4hr candles form, there will definitely be ups and downs, watching the ups and downs unfolds on a 5mins timeframe will drive you nuts and make you doubt your position and see why you shouldn't have entered the trade.

But on the 4hr timeframe, the trade is still going as planned, you were just disturbing yourself on the lower timeframe with the headaches on the lower timeframe. Forex is designed to confuse us, it must not be clear to us for them to make money off us, it must always look as if it could go up or down at any point in time. So if you're not sure of your stand, you close early even when in profits and close early before it goes your way too.

Image below was a backtest I ran sometime last month on AudNzd and the result was massive. Very simple method and it's what I also use to day trade currently. Support and resistance on Weekly and check for rejections candles around the zones on the daily. Most of them were around 1:3rr or slightly higher. In the image below, that's 4wins and 2losses, should easily give up to 10% if risking 1% per trade since a win has covered for the two losses already and even added additional 1r.

If I wanna start swinging it, I know well enough not to tamper with checking lower timeframes like 1hr etc to know if to close or not but the daily only. And also make use of set and forget, TP or SL. I've just been busy with prop account that I don't have time to properly forward test the swinging method live to know what my win rate would be if all taking all the pairs into consideration.

Donsheddy:
I need vawulence

zedegit:
The fear I dey talk be say. You take time analyze well everywhere good but when you come enter trade small move wey no even near your stoploss you fear close trade.


Next 5 hours, BOOM trade don pass your target. E dey happen.

zedegit:
Which lotsize you been dey use get 6%? How you take get DD after getting 6%?

Check am well you no use good risk. Your own nobi fear.

BeginnerTrader:
To be fearful no bad atimes oo, I wish I had that attribute. I was 6% up on my live account, boom I started to risk 1.5% . Now I'm in DD now.

Donsheddy:
What's so difficult in uploading pics....
Simple i create a demo account send you the details...
Show me what you can do