₦airaland Forum

frostguy:
Good evenings Trader

i really enjoyed this forum all this while (i have been a passive member observing the trends of things here). Lately i have observed that quit a number of traders are really struggling with trading forex and due to insignificant process they tag it a "gambling industry ". which is a wrong notion.

I therefore felt i should correct that notion. Attach here is a screenshot of one of my profound yet simple strategy i developed and have backtested with profits once the rules is adhere to. And the main reason why i said earlier that it is simple is because each color layers for a BUY/SELL trade represents the market conditions been played out

The Gray Region -----the Ranging Phase

The Dark Green/Red ------the Trending Phase

The Light Green/Red Region----the Breakout Phase (Where you enter trade and take profits)


So this is one of the rules governing this strategy . For more detail : 0=9=1=6=4=4=1=2=7=6=5

Saintel8:
Wow! Person wei dey tell me to quit or keep struggling around that June has finally given up...I thought you knew the inside and outside of forex, what happened? Toh

Mehnnn thank God I don't take some niggas advise here on nairaland dem go spoil your game for you....Give up in peace and stop preaching okay.....Whether forex is gambling or not we die here Mr. Man

nzechu:
This experiment is dedicated to samfelly

So while i sat in church today, i felt like giving you a gift. And I said silver and gold have I none but this analysis I will give to you. If it plays out fine if e no play out I am sorry (I trust u to use risk management) and ofcos u don't HV to use It at all, I am just catching cruise.

Witchcraftfx experiments

After what looks like two fake candles and then a main decider candle. Usdjpy is set to buy

SL: price should not drop below 61%, if it does then trade is invalidated. Stop loss should be a little above 50%

Entry: Mondays open, or u wait for some lirru drawdown to that 147.381 line (its recommended to wait, set buy limit there, but ofcos these werey asset may just leave us behind)

TP: is 423

Recommended lot size: 1 lots (na joke o, but big things come to those who believe)




*Forex is risky, for learning purpose

GabsonFX2:
US30 Update

Today completed the 2nd day on this US30 short, currently running at -177pips. I thought she wanted to do worse sef with the initial gragra, she no even gem at all. Anyways, market closing today, I'm leaving the short till next week Tuesday or Wednesday depending on price reactions.

VeeVeeMyLuv:
the work should come with some perks/extra perks

He must buy me a plate of Isiewu and cold beer. I go go block am for Angle 90 Cool Spot and Bars on September 31st (I know )

rainlover:
Pakistans wey dey use juju trade 😹

Those guys and Bharats (Indians) love to go all in (YOLO)

samfelly:
One Ratio Zero point Two, Five (1:0.25) is what I'll be employing now to pass any Prop Account. Laugh me if you want (make I 1st laugh myself)

Riverrun:
@Samfelly see question for you to answer

infofirst:
There is plenty to write home about too in the tft. It's not as bad as you think. Abi you will change your acct with @samfelly own. 😂😂😂😂

Thank you all for the updates. I checked every one of them and noted every one. Some mind blowing and some were wow and omg.
We move. No giving up. Next week will be better.

What are we looking at for next week?

USD has done the home run I was expecting and GU hit 1.244*** but the close for the day and week did not give me the momentum I was looking forward to for a reversal. I will be patient to see it and ride with the bear USD and bull Gbpusd.

raphemmanuel:
raphemmanuel
Thanks Sir.

raphemmanuel:
I just pray this September competition on TFT favour me. This is my fourth time I'm participating on this competition.
I was lucky to secure 3% today.
My target is just the 20% and I will be okay with this month competition.
I hope there is still prize for account that meet 20% on this September competition.

rainlover:
boss account never blown like this 🤔

Yes, it have blown. Gold blew it. I dey rub muscle with the Pakistanis for TFT o

infofirst:
I'm considering modifying the competition rules. Moving forward, only committed and serious participants will be allowed. To be eligible, participants must have an account age of at least six months and a history of activity on the thread. A request to assess their qualifications will be necessary before extending an invitation.

While the competition results can be made public, the primary method of joining will be through invitation. The competition will run for three months. To qualify for a $10,000 challenge, participants must achieve a minimum of 10% profit, and their drawdown (DD) must not exceed 10%. Additionally, they must actively trade for a minimum of one month to be eligible for the prize.

We will utilize a Darwinex $10,000 demo account, which should be linkable to my FXBlue account. However, I still need to confirm whether the demo account will expire within that three-month period. It's important to note that Darwinex offers lower leverage, allowing only a maximum of 0.1 lot size and a maximum of two positions at a time. Participants must be willing to adhere to these rules if they win the challenge account; otherwise, they will face a permanent ban.

We need to stop playing. Our play don dey too much.

Oftenme:
Not double account Sir, "Brainstorm" was the former moniker, joined the competition in the past a few times.

Oftenme, I still dey look through NL to find Brainstorm o . No bi small work I give maself like this o

GabsonFX2:
Platinum, Platinum, Platinum

Chai, I was looking at platinum the same day I entered the last silver short --- was so clear to me, but I did not activate short because I already entered silver....now platinum is even falling far more than silver sef.....chai, i just hit my head now sha.

Anyways, for now, na US30 go suffer am in 1 or 2 weeks from now.

E dey happen like that at times, boss. You win some, you lose some. Na next time thing bi that

infofirst:
It's a Friday. Active participants in our tft competition should update us along with screenshots that carries username.
Some tough changes but rewarding changes coming next month

samfelly:
The wise one have spoken

MONEY247:
Caleb96

No wonder I no fit pin down your account for TFT since.

Alright, to change, simply chat support via their in-app chat feature (that's their sword like logo below at the righthand corner on their site)

Just follow the mark-up in the images attached

1. Click on the logo

2. After you click the 2nd instruction, click the Send us a message

3. Pick the Monthly Competitions

4. Pick the Help with something else

You'll know what to do afterwards (by stating why you are chosing to disturb them this fateful moment instead of trading)

Kaybee7000:
Sam leave ur buy abeg

The wise one have spoken

Jesusmyking:
my brother in the Nairaland me I don dump am o but you can wait till 1928.5 sha

MONEY247:
Bro, please how did you change your username on TFT...
I have sent numerous emails to support, but no response yet.....
...
Thank you

Cashhy11:
Good afternoon brother, I would like to partake in the TFT competition too. Should have signified about 2 months ago but I was still learning and testing my strategies to really know what I am doing and not just jumping on competitions for competition sake. I think I'm ready, I might be wrong though, I guess time will tell.

This is a screenshot of my last two days results, and I think I might have found my own little way to trade for a beginner.

Davigle:
I got disqualified from the TFT competition yesterday due to my irresponsible behavior by breaching the daily drawdown rule. 😳, honestly I have been in severe pains since yesterday because I had high hopes and expectations of myself in this competition only to be cut short by my indiscipline. once again I broke my rules of not trading out of my session because I taught I saw a really tempting setup, and I lost. secondly I have been researching on how to trade news and found some good results in my hindsight studies so I decided to trade the news yesterday, although I was bullish on the USD and bearish on my specific markets I trade (EU, GU, gold and US30), I was anticipating the news to favor the USD of which it did. As soon as the news was released, I shorted GU, gold and US30, boy o boy, price moved in my expected direction and I was feeling like a boss thinking that I have finally cracked the markets. my euphoria got into my head. while I was waiting for target to be reached, price reversed and hit my stoploss on gold and GU. I was very livid and I threw all caution out the window, at that moment I forgot all the warnings that the elders have made here and every other trading advice that I have read over the years which I thought I had integrated into myself. I thought the market gods were just manipulating the markets as usual and I shorted GU and gold again and then I removed my stoploss on US30 (a very costly mistake). I had wining trades on Tuesday and Wednesday trading US30 and I felt like I have mastered the beast, oh Jesus, US30 doesn't deserved to be called a beast but a monstrosity monster 😭😭😭😭. US30 began to rise and then fly and then soar.... I prayed for her to come down, she refused, I begged her to come down, she said no. And then I did something very stupid, I began to will her to come down, how arrogant of me to think I could control the markets with my will. And then surprisingly US30 submit to my will (or I thought so) and she came down to my entry. I foolishly did not close the trade, because I thought the storm was finally over, meanwhile GU and gold hit my stoploss again. I did not bother, I was just praying that US30 should just go in my direction of which she did and I was finally thinking alas the worst had passed. Then the tsunami strucked before my eyes, US30 began to surge up again and I was just watching like mumu, hoping it will still come down but it never did. It kept on going up until I finally decided to kill my hope and close the trade with a $4k loss. I didn't even know that TFT had already sent me a disqualification mail. after closing all the trades, l lay down with a throbbing pain in my chest and feverishness all over my body. I realized that my expectations were cut short, my hopes were dashed and I have to wait till next month for another opportunity. ICT always says, if you don't open your eyes to the markets, you will open your ass to the markets, brethren, I confess that I honorably opened my ass to the markets yesterday and they did not hesitate to give me a resounding smack. Alas I will continue to trade my TFT account even though I have been disqualified, I will focus on making back all the losses I made by the end of the month with strict risk management, hence I have decided not to risk more than 0.5% per trade. To my fellow noobs on this thread, honestly risk management and discipline is the holy grail of trading. I don't care whatever strategy you are using to trade, if you don't have strict risk management and discipline, you're is just a few moments away from being wrecked.

Lastly I humbly submit myself to the elders here for any tongue lashing, warning, criticism, ....... I welcome them all.

Lol . Everybody dey collect from Mr. Market hands. Just release and look first before you leap (TV) when you come back again.

GabsonFX2:
Difficult to track down cheaters even at that. People will always look for loop holes and take advantage.
New monikers would be created now to be used in 3months time and it's is not verifiable if same person is using 2 or 3 monikers.
No form of identification, no form of IP tracker.
I raised this point that year when I found out; hence lost interest.

Ibrahimlagosian:
yes .i remebered one of their rule,you can't have two comp account on the same IP address,but if it was possible.i would dash him the accounts

2pep:
Finally I've lost my mffx 5k account.

coolvibes:
e never change o, still d same name as b4

Propmoney111

Ibrahimlagosian:
Well,i can dash you my TFT and funded next comp account,i haven't placed any trade on them yet,if you're interested,let have a deal