My award goes

Prospero the best trader of the year
Pipbasketing the best mentor of the year
Blackeuropean the Forex scammer of the year
Pipbasketing the most transparent trader of the year
Teemy the most humble trader of the year
Shevency the richest trader of the year
Pip Marshall the best forex analyst of the year
Petegrwu the best small account flipper of the year
Yoda the detective of the year
Neroaim the signal provider of the year
Saxy4c the smartest trader of the year
Pipbasketing the best swing trader of the year
Neroaim the best trend trader of the year
Saxy4c the best intraday trader of the year
Djawalata the tops and bottom picker of the year
Hidris the most Inquisitive trader of the year
Neroaim best indicator based trader of the year
Mr billionaire best wave trader of the year
Fmusty the most craziest and funniest trader of the year
Saxy4c the best gold trader of the year
Tonyfx the most consistent trader of the year
Gladmanngoddey the best risk and account manager of the year

Make unaa no take amm personally

It is just for fun wetin I know

karkinase:

So easy.. if life were this easy everybody for don blow oo . Why not wait for a confirmation first .cos I feel that pair is still bearish @ the moment except a strong rejection is formed @ monday close.

I no fit enter like that bro I no bi bottom and tops picker. I wait for proper confirmation to enter

Buying NZDCHf today

GBPAUd analysis looking for buying opportunity.

God when we dey start to fight untop me God when?

fortz007:
I honestly don’t know how to do that please!

Download the telegram app and used it to open it

Friday 1995 with Ice cube and smokey I still have that film on my system. I can't forget the ending when he had a fight with Ice cube. Go watch that film although it is an old film but so interesting.

Rip bro

This pair provided me 3 opportunities, I missed everything because I was looking elsewhere. If we can see a retracement back to that blue resistance it will give me the 4th opportunity to look for short before the bearish trend exhaust.

peteregwu:


Gbpnzd seems to be heading to my tp of 8300.. Hopefully it should.

Currently in a position on that pair looking for another sell opportunity if it retrace back to that resistance.

fortz007:
PMed you Boss!

Check my signature

wanderingsoup:
. Sent DM

Check my signature and search D channel.

WallStreetfx:
EURNZd sell

Price is going in my favour putting stop loss to my entry point because if price manage to come back to my entry point im really sure its gonna hit my sl. Note: Im only saying this base on my analysis nothing is sure in Forex except risk management.

If you need Rockzfx and transparent fx course. You can DM

EURNZd sell

AUDNZd long moving closer if my rules is satisfy

EURJPy sell coming that structure need to be break

No bro so that you can do free work for me

What of end SARS ?

bluefilm:
3 - 3

Equalizer!!!

What a wonderful strike from Wilfred Zaha!!!

Wakaaa sege for u

Karleb:
O boy eeeh!

See money o!


We shall get there!


Make I go open MT4 with anger.

Shaa no force trade biko

See as wannabe Yahoo full here. chaiii Nigeria don spoil finish. I don't know how you will wake up and what will come to Ur mind is how I will ruin another human being's life. I don't think God exist again to some people.

nawaooo

Market dey para for today

slawormiir:
Damnnn niggarrrr
Isoright
Bros op must be a real niggarr...
You see what I keep telling my niggarrrrs to be hard and real....ladies are attracted to bad boys anyday anytime twice on Sunday


I live my life on the fast lane.....got police chasing me, drinking alcohol, smoking some weed, banging enough pussy
And I must tell you alot of girls love me for that

And this what you want your child to be like, keep on bro.

Beware of all this scammers.

Fxwarrior:


Monday will decide. If it's strongly bearish, then it's to sell at Tuesday open.

For gold if 1850 is broken strongly, then 1880 is possible.

Welcome boss

Shevychen2:

Definitely reducing risk per trade. A system with a potential 70% historical max expected drawdown on 2% risk per trade can go down to around 10-12% max drawdown if you reduce risk from 2% per trade to 0.25% per trade. And the thing with historical drawdowns is that they are just that:historical based on backtests. Some flash crash or whatever can increase the expected DD in future. All the more reason why you should lower it as much as possible to give yourself a chance to survive forever.

Problem many people have is that they can't lower risk too much otherwise they won't make meaningful money. For example, assuming average sl of 100 pips, someone with $100k can comfortably do 0.25%. Someone with less than 1k can't. The alternative is to go to lower time frames and get entries to reduce the stop loss. But that will also need you to do another backtest to be sure it works.. Bla bla. Summary, reduce risk as realistically as possible for your peculiar situation.

I don't believe in risk to reward ratios. I worry about my risk only and let the market do whatever it wants until I get an exit signal. The exit signal may come where I had in mind originally, fall short of it, or blow past it.

Thanks bro. God bless u

Shevychen2:




Don't forget to make a note of how different risk profiles affect the strategy. A strategy that will give you 350% a year but can go in 50-70% drawdown is useless. You will most likely crash that account when the drawdown hits. Reducing the risk to allow for a max 20-30% drawdown and making 100% per year on the other hand is a good way to ensure longevity. Some people with big capital (7 digits) will further reduce the risk to allow a max 10% drawdown and maybe 30-50% return per year. This explains why one trader can blow their account in one month while another trader using the same strategy keeps making money for decades non stop.

Make a note of the steps in the system and your ideal risk profile, then keep repeating it forever.

Reducing your drawdown, Can you give us some step to be taken to decrease a drawdown? Does it have to be reducing your risk per trade or reducing your risk to reward because there are some strategy that will allow you to lose 5 trades out of 10 before you bang profit.

Shevychen2:


This is a fantastic question. In simple and clear terms, if you still feel the need to keep learning and tweaking your strategy, you are still a learner, pun intended (even if you're no longer blowing accounts).

Every successful trader will tell you that trading is boring. Why? They only repeat specific steps day in day out, year to year. Get a strategy, backtest it for 5-10 years, if it delivers good results (this is relative, but for people like us anything above 60% per year on average), forward test with real money for 2-3 years. That gives you over a decade of various market cycles. Any system that passes the test is good.

Don't forget to make a note of how different risk profiles affect the strategy. A strategy that will give you 350% a year but can go in 50-70% drawdown is useless. You will most likely crash that account when the drawdown hits. Reducing the risk to allow for a max 20-30% drawdown and making 100% per year on the other hand is a good way to ensure longevity. Some people with big capital (7 digits) will further reduce the risk to allow a max 10% drawdown and maybe 30-50% return per year. This explains why one trader can blow their account in one month while another trader using the same strategy keeps making money for decades non stop.

Make a note of the steps in the system and your ideal risk profile, then keep repeating it forever.

If you want to keep reading all the hipster forex strategies and techniques on the Internet in the name of gaining more knowledge, you're wasting your time. The teachers of the bulk of the so called knowledge don't have an account with a one year track record that hasn't blown up. Find what works, shut out everything else.

My answer goes against the grain of what the average person believes, but normal human psychology is why forex is hard for 99% of people anyway. Forex is different from other life scenarios where more learning improves expertise. In forex, more learning often means analysis paralysis or uncertainty in your mind.

If you haven't perfected a strategy, however, keep learning and keep looking for your own system.

Good one bro, God bless u abundantly

Pipsbasketings:
OK, have you been seeing my trades so far? did you see my last baskets' statement which I freshly closed, printed, and posted yesterday. Weeeel, here is another one I opened just a few hours yesterday after I closed my previous basket; I opened a new basket and closed today before market close....see attached.

Notice how similar the two results are, the curve, the profit factor, win rate, etc. I blurred the $$$ for reasons earlier stated.

My next post will now answer all the questions you asked.

I also have one question, when I start learning more in this Forex I discovered that price action is the same thing on all time frame and they produce the same signal if you know how to use it, the chart are just algorithms to stimulate the market movement. I hope am true on this?

ZedFX:
hello to everyone.

@pipsbasketings @every experience trader(4+ years) in the house.

I'll love to know.

it is true that we need to learn everyday.

now why am bringing this up is that luckily we have access to people we can verify that truly the have done this thing for atleast 3yrs+

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?

is there at any point in time need to learn or relearn about the market?
or look to get any information, in that does the market change?

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?

Hope the insight I require is clear?

it's high time you creats a rule based strategy that you will follow strictly

GBPNZd outlook