₦airaland Forum

blackman007:
Hope I can get to this level someday...

Pipsbasketings:
Another withdrawal completed today
5th and Final withdrawal of the month processed, wire transfer - usually gets credited in 2-3days, surprisingly.

@Gasive - The GIF-master of FTA-NL, I've really missed those your GIFs, give me one for this - expecting......

#FXisreal #FXissweet #FXProfits CC: @Seun

djwalata:
We r also improving at where to hide SL.
HAPPY PIPS to us all.

Theyoungmaster:
UCAD broke out of the 3 days old range. I had a sell bias and thus paced a sell stop at 1.27485 which has since been triggered. 30 pips in profit so far. I should ride this trend for 2-3 days till 1.25.

Selling UCAD.
EP... 1.27485
SL... 1.27760
Tp... 1.25000

Ps. I'm still a demo trader learning the ropes. Inputs and advices are accepted from my bosses. Thanks in anticipation.

giddy2019:
please boss teach me forex

IMAliyu:
So, after some testing and experimenting, I've come back full circle to basic price action, support and resistances and trend lines.

Ditching indicators, except for the 200 ema.

elantraceey:
You should be praying for him to make it as you getting anything is dependent on him making it instead of thinking of this way.

Mrbillionaire:
Nigerian mentality of pulling him down; you're happy now that my reward will be reduced.

Benqozenero:
Good I am giving the opportunity to suggest. So let me do justice to it. (Hehehehe).

Look at it this way, let the 2nd person get the 32k as the runner up. Person wey go write certification exam, if the person fail the course, them they give the person certificate of attendance na.
So let the 18k be shared equally among the other 13contestant as thanks for coming/attending/contesting.

This is Christmas abeg.

infofirst:
Consistency

Theyoungmaster:
for EU, Buy stop order at 1 ATR (29.5) above then current price(1.20721) was triggered so I'm in. SL is placed at 1 ATR below the low of the last bearish candle on screenshot. currently few 30 cents or so in profit.
TP 1 is at 1.21500.

Tp1 hit!
The trade closed out before I could modify Tp1 to my mental Tp2 which is 1.22064.
Not bad though. 49 pips bagged.

Might re-enter and ride the trend to 1.22.

We move..

Pipsbasketings:
Today's Discussion - Gold Analysis

Tell me what you see

Theyoungmaster:
I've got buy bias in both pairs. Hoping for more confirmation. A buy stop order at 1 ATR above current price will be a good RR.


Modified: Inputs and adjustments is allowed. I'm still a student of forex. Thanks

blackman007:
In case of the EURUSD, it has formed an ascending channel, if I am to take this trade, I'll wait for price to test the downward side of the channel before even thinking of buying, and you are not buying from an area of value, price is even far from your moving average, patience is needed in this business....my opinion though and I stand to be corrected...

Pipsbasketings:
UCHF Reflection: Though I'm done trading for the year 2020; I just thought I should reflect on this call right here.......ignore typo

Shevychen2:
Good work bro. You can't wake someone pretending to sleep though. When people tell me forex is a scam, I laugh and agree with them
I'm too lazy to convince anyone about anything. The most I have tried was with my past posts where I tried to get people to start seeing trading as a proper business. Like running their own investment company. Some listened, but only a few took proper action.

Others still think telling them to start aiming for around 50-100% per year with their small $1k account so they can go and look for investments with a reasonable return curve and low DD is you making them to think small. Well, they will keep crashing accounts trying to buy bugatti with $100. While smart people keep leveraging on investor funds in a legitimate way.

Still for motivation, below is my latest received fees from just one source. December own never even begin come o

Please if you've messaged me, don't bother. Everything you need to know is in my past posts.

djwalata:
Very possible to turn small account to big one.
I actually started with 500 cents account (5$) which I actually profited to 10,000+ cents(~100$)
after about 5months b4 I internally transferred it to my dollar account.

Pipsbasketings:
These are my answers (personal), trading is personal and my answers may not tally with others here, the reason why we are different as traders.

My issue goes as this, is there any point in the process of becoming or a trader that you can stop to learn something new about the market? or once you get pass the knowledge phase all you do for the rest of the years is focus on the practical, trade and trade and trade?

"A basic condition of human existence which means that people are never totally satisfied with the quantity and variety of goods and services they consume. It means that people never get enough, that there's always something else that they would want or need". We always believe that we can get more from our strategies, like filtering out bad trades, like finding a perfect entry and exit even though our systems are already working.
Since there is no 100% perfect system, we try our best to become open to learning and see how we can achieve a 100% trading outcome. I don't think we want to stop to learn something new about the market or especially our already working trading strategy. Based on the journey to becoming a professional trader, the question is: where do you belong. For me, I believe as you move higher in the rank, the less and more specific you want to learn - just like an inverted cone.

is there at any point in time a need to learn or relearn about the market?
Of course, who wants to remain the same forever, why would Dangote start to build refineries despite being the richest man in Africa for many years. There is always a need to learn and relearn, but when I relearn - I don't dump all I already know. From experience, you will get to a point where you already have a believed working system, cos you are not patient enough to do adequate testing, you become swayed by another strategy while thirsty for knowledge, learning, and unlearning. You then completely forget and abandon the already believed working strategy which you should have practised for confirmation. So be careful when learning and relearning, keep what you already have so you don't forget and so you can return to it when the new knowledge fails.

or look to get any information, in that does the market change?
The market is dynamic and many times is radical, you cannot take or choose to trade all. Be specific in what you look for to trade. This makes your trading strategy.
In this dynamic and radical market, do you want to trade it ONLY when it is chaotic? or when it is calm? do you want to pick tops and bottoms? (these are people that wait for a bounce at resistance and supports. Do you want to trade when price returns from the tops and bottoms and complete a formation (these are chart patterns traders), do you want to follow trends? continuation? reversal? pullbacks? do you just want to swing the price? Do you want to trade only candles, do you want to be fundamental? Or technical? or mixed? A lot more questions to ask. Until you answer these questions before you can define who you exactly are in the forex market. The fact remains, you cannot trade all, if you try it, you will be swayed away by the market. Chose a position and stand by it throughout your trading career.

Cause, having clocked a 1 year with months now, I reach a point that looks like if I continue to learn more, it is harmful, instead it looks as if I should now go forward into the process of trading and trading as a technical trader?
Yes, what you feel is very normal. A time will come where you will be very confident to believe FX is a scam and no one can convince you against your belief. Almost every successful traders passed through this stage.
I believe one year and a few months is not enough to define where you belong in the business, you are still in the formation stage. If you are consistent/persistent, in about 1yr more you should hatch and crack up. In another 1yr of consistency, you should breakeven or make small money but may not be enough for a living. Trading professionally and full-time (FX is the sole and ONLY income to live on) may require 7-10years depending on many factors. So don't worry, keep on pushing, what you experience at this stage is normal.

Hope the insight I require is clear?
It is very clear.
My advice is:
1. choose one specific trading strategy and one specific trading style,
2. backtest it with historical data, IF IT FAILS, GO BACK TO 1
3. forward test with a demo account for about 3months. IF IT FAILS, GO BACK TO 1
4. put say $100 and try exactly the same thing you did on the demo. IF IT FAILS, GO BACK TO 1

Regards

Pipsbasketings:
Contest Update: 15/Nov/2020 --- 28/Nov/2020

---

4 out of 7 made it to the next trading period.

Only the shown monikers will be moving to the 3rd trading period, semi-final: 29/Nov/2020 --- 12/Dec/2020

Pipsbasketings:
Bolded.....

businessnoni:
I want to commend all of you here. I have been following this thread since around 2016...or earlier. I have seen traders come and go. The likes of Jline, Pipbasketing, Currentprice, Priceaction, Unclenna(something like that), the yolda... and a whole lot of more. Most have been a great traders and tutours( especially). Just wanna thank you all for your sacrifices... especially the policing unit led by Pipbasketing and Freshshizzy(can't remember the spelling o... forgive my olodoness). I breeze in sometimes and I see sanitation going on for days. You guys have kept here alive.

Let me also congratulate the current crop of alert guys. I noticed most have become more disciplined and have longer term outlooks with short term executions(the real key to success).

I'm not a regular here. I'm not even a professional yet but I can tell newbies... you can learn from here. Just know where to look but more importantly, spend your data watching live markets, make your projections and test them on a demo. When they fail, find out why and learn. Don't forget to cut losses as quickly as possible. Hoping for a trade to turn around is deadlier than being wrong in Forex... but more deadlier is Ego. Trying to tell the market that you are right. It doesn't end well. Always remember, the guys that make the market are more sophisticated, better capitalized and infinitely more informed than anyone else.They aim to frustrate emotions and exploit your greed. They try as well as possible to make price look as random and organized as possible at the same time. It is mind blowing. You need a cool head and your own rules to be able to play their game.

Gonna stop... before someone thinks that I am a Guru. I am not. I am learning... just wanted to encourage us to keep the current state of the trade. I have seen great calls lately. So I felt it was time I contributed something to the space that have helped me. I am still building myself. Hopefully, I will be able to start posting price alert soon...as I want people to gain and not make losses. While I continue to build myself, I will go back to peeping from the sidelines.

2020 will eventually end well.

Pipsbasketings:
EJ Analysis Continues - For Learning Purpose ONLY

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See previous analysis on EJ (quoted below for quick reference), then follow up with this.

Attached picture is a detailed analysis of EJ, better in pictures than words. From previous analysis, No. 2 played out, now 1 is playing out: Reason I placed 0% Buy 65% Sell and 35% Range

Though the short started 8hours ago, you can still short with 55pips SL, TP about 150 pips or even more

Note: If you are in the contest, ignore this analysis (it may ruin your contest account or automatically disqualifies you )
Shout out to @Donvic4u, this is for you: Seest thou a man diligent in his business? he shall stand before kings; he shall not stand before mean men. I see your handwork, keep it up...I'm proud of you

djwalata:
HHHHAAAABBBBBBAAAAA

Pipsbasketings:
Your exact answer is bold on the contest description. But I will answer you: $15 is required for each trading period.

Think about it this way: a client (just like the one that made it to the front page a few weeks ago) gave you $100 to receive $30 every month (30%), this means that you have to provide him with $30 every month (regardless of your loss or gain) as that is what is promised.

Above all, I see you are doing well in the contest, keep it up

Pipsbasketings:
Contest semi-update - 3days to end of 1st trading period: Red everywhere
only 3 contesters might make it to the 2nd trading period.
Final 1st trading period results to be released on Friday (with monikers blurred)

Karleb:
This is why we have micro accounts.

If you are trading with anything less than $1,000 you should use micro account.

I remember when I was learning at babypips, the instructor said you shouldn't ever think of trading live if you don't have upto $1,000.

But these days, micro/nano/cent account came to the rescue. Sorry about your loss.