₦airaland Forum

With these new rules introduced into prop space, bigger accounts will fall out, as well. I know some bosses here will definitely love to try their hands on them bigger account size

One more thing, these new rules will definitely help some struggling traders get disciplined

Cashhy11:
First and foremost, that candle you believe should keep sending the price down is a news candle, so shouldn't be relied upon too much.
Let's leave the candle alone now and go into FX101. That cyan horizontal line with 2283 zone was a 4hr timeframe support created on Wednesday, the yellow horizontal line with 2285 zone was a daily support created on Wednesday too. These zones are candle closures.
Price came close on Thursday and reversed again, then the almighty NFP couldn't break it either with three different 30minutes candle. They all couldn't close beneath it, which signifies a very strong buying pressure. Please why would anyone still be selling to such support zones

It didn't fully qualify as a setup I would have taken hence why I didn't, and because the 3pm news also just occured.
I remember you made one statement about News sending market to where it's intended to go? Why did this fail then?
Please other guys in the house can pull up their charts also and let's discuss this so as to learn from one another. Thanks.

Abeg, make una contribute o, I wan learn more

EFGH:
Why you the put fear for my body?😀

Maybe you be pro, but dey find wetin dey our mouth

EFGH:
So I start learning how to trade FX few weeks ago, here is my gain for today being 03/05/202.

Egungun becareful na express you dey go

GabsonFX2:
Yes, desperation sets in 💯 undoubtedly, you cannot escape that.

You are good, yes that is established but I believe what you need is the tool that will completely remove desperation. Hence, my advice: I would have advised you to fund a live personal account of $100, trade diligently and live on that but hell no, the desperation to make the daily living will blow that account. Therefore, I will strongly advise you to obtain a challenge account of about $10K, give someone you trust to pass it for you then get the funded account back.

Now you have 10% of that to play with, that's $1K capital. I believe you should be able to live on that and even buy more challenge...we are now in a fast moving world.

Selah!

At the bolded, 101% correct.

Donsheddy:
Yeah...
Story of my life...
Fx is the only thing i have goin on right now...
The pressure to get to live account is even worst that taking the trades itself...
Mhen i no dey fit think straight

The insurmountable pressure and desperation no get equal 🥵

GabsonFX2:
In addition and a little modification to the bolded to help psychology:

Chickening out of winning profits is what traders do due to fear of price reversing and turning into losses, then find out that price continues in that direction.

Therefore, I will modify: when price reverses and turns into a looser, it simply means that that trade was not meant for you, it wasn't yours. Let it go. Close that chapter from your brain and get ready for the next entry.

However, you cannot have the next entry opportunity if that lost trade inavlidated your risk-money management ethic.

Selah!

Boss, e no easy for new players to forget loss o. But with time sha, we go effortlessly dey let go

Donsheddy:
Live account?

FundsForTraders'

Davigle:
Omo, I saw shege for gold hand today ooo, I have been gold bearish pre NFP release and then NFP turned out badly coupled with a higher unemployment rate and a lower average hourly earnings. usually this poor data would have send gold raging high while the DXY sinks to hades but instead gold only spiked up and down was range bound for the rest of the day. gold stopped me out of my short trade which I have been swinging since FOMC and then when I bought gold, it stopped me out again. I'm overall still bearish on gold but I'm very pissed off today.

even more disappointing is that US30 should have been flying like a werey but the girl just dey move up like snail. though still holding on to my long trade on US30 as I entered at 38600 with SL at 38500 and tp at 39000

Don't be pissed. News datas no dey help so much again. Liquidity full up and down side of the market. Just use eyes fan out which one go likely happen before the other. So I simply believed o (imo)

ebenezary:
l mean USD card withdrawal?

That thing dey work for dis country again?

dmahn:
Protecting our equity sometimes is better than staying confident, it's normal for trade to reverse and stop us at BE.. But letting a good winner turns into a looser isn't right for our psychology..

As for the confidence I ll suggest you start to jounal your trades if you haven't been doing that sir.. When I started reading books on psychology, the only one thing I find so in common with all is a trade journal. I don't know why it works but I think it has helped me stay confident with my Trading. I was winning and taking profit on jounal while my equity kept on decreasing because I was closing profit to early and never shift stop losses. Trade journal proved to me that I am my biggest enemy and not the market

Thanks Dmahn.

Geovanni214 and Abham don advised me on dis journal thing, before. After once, I no look am again 😁. I am ma own worst enemy too 🙈😃

zedegit:
Make we celebrate Oga Samfelly. He don chop millions for gold hand this week. Baba I dey o.

No forget me for ya kingdom.

Millions for where? Baba, na regrets I just dey chop here since o 😥😢. Imagine, I go vex cancel the Buy Limit I placed at 2277.69 with SL at 2277.20. And now, na my four eyes I take dey look and escort gold to present point 😭

And the market reversed from that point I cancelled it

Abeg, I fit see confidence buy for Shoprite? 🤣😆😥 I need a trailer load of it

ebenezary:
how many day for their withdrawal

Less than 4 minutes, uncle (if banks no get network issues)

Donsheddy:
Live account?

Nope. FundsForTraders'

Davigle:
Eku market ooo

I'll be buying US30 45 mins after NFP release,

meanwhile I shorted gold during FOMC and I am swinging it, because I am anticipating NFP to send it much it lower

cheers

I bought gold right before almighty NFP with entry at 2294.95. I saw a massive profit from that 1 minute candle that shot up and I refused to closed. And right before my eyes, profit starts dwindling till it's about to shake hands with my BE.

Omo, if greed no kill person for this market, indecisiveness go wound person, period!

If I had sold, the market will never sell the way it sold now. And if I had bought, the market will refuse to buy the way it bought two days ago.

Abeg, make market tell me my crimes, make I beg am, profusely. Like, "See me, I am on my kneels. I am begging, PLEASE!!! "

B4 u think I dey make fun of 001, think a again o, cos, me too na fan

Jameselias:
Noting wey any body wan tell me oo
Dis ain't easy at all

BUT WHAT I'M STILL WONDERING IS HOW DO THOSE PEOPLE IN PROP COMPETITIONS MAKE THEY HUGE % RETURNS 🤔🤔🤔

Ma own bi say, after I trade tomorrow NFP finish, I dey go talk to Therapist for discord. I go warn am down make he/she ready o; that the session go longgggg 😁 and make he/she ready to add to him/her babysitter money 😃. Na all my liver I go pour out give am

BinaryRocks:
No gree for the market Chief.

I hear u, sir. I no dey gree for Mr. Market. If e beat me, I go simply start over . It is often never too late to start over

Cashhy11:
I'm not angry boss Sam, it's just somehow when someone try to calm people that this thing might be easy. Because this alone is a motivation to keep pushing. That was the same statement Jeff said that made me joined and believe maybe it isn't hard as I initially thought it to be.

Even when I went offline for months, I was still watching Jeff videos as motivational purpose only, because I don't like his method of trading with all those trendlines etc. But I watch his videos a lot because of how certain he was that this thing is easy. I can relate also, when a cousin was teaching me how to drive, he kept saying it's easy but to me then, it wasn't at all. I even damaged the front bumper when I was accelerating instead of matching break. But now, I can even drive with one hand from Lagos to Abuja.

The koko be say, we will all get there, when we will all get there is the difference. I'm also still struggling with trades sometimes. Mistakenly closing out trades, seeing two trading opportunities and choosing one instead of the two, only for the chosen one to fail and the abandoned one heading to TP. So many rookie mistakes I still make. But the belief that it's easy is the only reason I'm still pushing.

Omo, see where you drift my mind to o - driving. Same with me, instead of applying brake, I throttled harder, at a cross road. Na so front bumper design the two doors of the passenger side of the car crossing ahead of me . My old man getting to the scene after news filtered to him that I have bashed his car, just shrugged and said, "Hmm, younger drivers," with a smile on his face.

Me wey dey expect say blood go flow out my body . Nothing o. Na xo old man go meet d other driver and tell him say, e don happen e don happen and make dem thank God nobody die or injure. And he pleaded with him to have his car fixed.

But today, I can say also that driving is so easy for me that I can take my hands off the steering and use my left thigh (lap) to steer the car's wheel, while the car is running, for as long as I am comfortable doing that.

No wahala, in one way or the other, forex go become easy for all - with time.

realone12:
Lol, my own worse.. I no dey even see my set ups again.. Just like that..the pattern no dey form again. over 2 months now oh. no be juju be that..

if I wait one more month and I no see the pattern and the condition, I would have to go and develop another strategy again from scratch..

this shit is difficult for 95% of us.. but for people like geedot, cashhy11 and f1re.. thumb up to you guys for being among the 5% who have it easy.. one love

E go better, boss

realone12:
if I decide to hold on to trade, the prices usually reverses to take my sl, if I jump out early, the price continues it's momentum all day.

I'm Tired boss

Donsheddy:
Annoying stuff...
I don tire

Una no taya reach me, my chiefs. Market don beat me to a pulp finish. And the addiction no let me take those kind breaks wey CopyJoe, or Charly20, or Feshizzy or some others took.

As I learn trading, I supposed learn how to detach, also. E no easy, fr

Cashhy11:
Gab the nairaland FX G.O.A.T. I remembered how some people here mocked @geedot when he said forex was easy. But what would you guys say about Gabson giving prop firms anal back to back? Even our own new user here @fire1 has been posting profit back to back.

Do you guys think if it was hard, these results would be achieved back to back like that?
To shut some mofos up, I passed fundednext 1st phase in 7trading days, currently 2% up on second phase with over 70% win rate. If it's hard for you, na your own problem be that o. Anything that will make you money on the long run will never be hard for you.

You idio ts can come for me too because of what I just said, I don't care a jot. I said what I said, if you no happy, jump inside lagoon.

High chief Cashhy11, take am easy, please.

Me sef don confess here before say forex easy. I saw something different in the market, and did something different and I was getting nice result and I shouted forex is easy. But right now, forex is hard, because wetin I dey do b4 no work again . Frustration wan drown person .

If the 1% or 5% wey dey get am clearly say e easy, e easy for them o, but the remaining 99% or 95% that are losing are saying it is hard. So, since it is often the majority (highest percentage) that always carry the vote, lets agree to disagree (for now) that forex is hard.

No worry, maybe by tomorrow I fit start to dey get am clearly, I go join the minority, again, and say forex is easy . Till then, sir

GabsonFX2:
Infinity Forex Funds: Profit Cap (after profit share) reached and Surpassed.

Remember I mentioned few days ago that now that I now know that IFF will not pay me beyond $2K on a $100K funded account (even the 2K sef, they always deduct $50 - I guess for transaction fee), I did my homework: I need to achieve at least $2,500 (100%) so that I can get $2K (the 80% profit share). I'm not aiming more, except for their consistency rules.

Just in 2days of trading this new cycle, profit target is achieved and all trades STOPPED until another cycle. Now my take is this: If they (IFF) were smart enough, they would copy my trades with huge capital and lot size so they can pay winning traders and build their reputation. If they like, they should ignore my trades and keep doubting my skills.

As for me, I will make that profit cap my monthly bread 🍞 until they either start to copy my trades or they fold up and run away.

CONGRATULATIONS, chief. Now lets teach them how it ought to be done 😁😃

Jameselias:
What kind of sorcery is this

Confidence is the sorcery's name

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” -Sun Tzu

Na CONFIDENCE make am easy for some; and hard for some, as well, by the lack of it

Donsheddy:
My psychology is messed up...
I'm taking a break...

That break is highly recommended, chief. Find the will power to switch it (trading) off for some times and recalibrate. All the best as you embark on that break.

F1re:
London Milk has finished already😂😂

Nothing do you, carry go.

Donsheddy:
Gold wey don milk my soul today 😂😂

😁 Gold giveth and Gold taketh. No long thing, you go meet up. Just arrange yourself well

Fireoflife:
boss, nothing dey show for telegram if I type fta. Abeg wetin be the channel name

Copy the link and paste it in your WhatsApp and send it to yourself. Meanwhile, edit it before you hit send. Just simply remove any space in the address

Geovanni412:
The thing just be like marriage.

The woman wey u marry fit determine how u dey see marriage.

Usdjpy dey like 'akata' woman at the moment

How I wan explain say on Japan bank holiday, market dey move by 200 pips?

You no go fit explain this one finish o, even as evidence dey