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Forex Trade Alerts / Discussions: Season 24 - Business (245) - Nairaland 72294b

Forex Trade Alerts / Discussions: Season 24 (360757 Views)

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F1re(m): 10:43am On May 09, 2024
LincolnOnyeabor:


Alright sir, thanks very much boss.

One last thing Biko.

Do you have a fixed R:R you aim for?? Cause in one of your posts sir, you said you don't set TP.

How do you now manage the trades sir?? You watch the market as it goes and close at major Retracement/Resistance to your specified directions or what??

I apologise if the questions are much sir, I just want to craft my trading similarly to yours.

I see that your Trading style suits me and I want to replicate it.

1- No fixed RR, depends on where the market wants to go, I mostly just adjust my sl till there's a major reversal.

2- I manage the trades by watching the market, I add to my trades at a LH or a HL in a trending market or hold to a major or resistance on M15.

4 Likes

samfelly: 10:53am On May 09, 2024
Davigle:



Ogami be calming down naw, see as u don distabilize my eah wit ya English naw oga professor....🀣

Dave, afar? Hope Camp dey camp you well o?
samfelly: 10:59am On May 09, 2024
Jameselias:


Well, my case is different, even if I keep my SL at previous years high or low price will make sure it goes there first before any other thing , πŸ˜†πŸ˜†πŸ˜†πŸ˜†

Itumo?πŸ˜ƒπŸ˜ƒ
LincolnOnyeabor: 11:15am On May 09, 2024
F1re:


1- No fixed RR, depends on where the market wants to go, I mostly just adjust my sl till there's a major reversal.

2- I manage the trades by watching the market, I add to my trades at a LH or a HL in a trending market or hold to a major or resistance on M15.

Alright thanks very much sir.

Really appreciate it.

Make I go find $5 fund for my Cent take start again.

1 Like

DCroc: 11:21am On May 09, 2024
Using indicators for signal generation and signals vetting are two different things. D first is not reliable, the second is a good filter

1 Like

Jameselias: 12:28pm On May 09, 2024
F1re:


1- No fixed RR, depends on where the market wants to go, I mostly just adjust my sl till there's a major reversal.

2- I manage the trades by watching the market, I add to my trades at a LH or a HL in a trending market or hold to a major or resistance on M15.

By adjusting SL you mean widening it
Jameselias: 12:30pm On May 09, 2024
samfelly:


Itumo?πŸ˜ƒπŸ˜ƒ
hahahahaha hahahahaha πŸ˜†πŸ˜†πŸ˜†πŸ˜†πŸ˜†
pristinee: 12:30pm On May 09, 2024
Take advantage if it makes any sense to you / align with your strategy.

Yours truly, no.1 fake trader.

2 Likes

Jameselias: 12:31pm On May 09, 2024
samfelly:


Itumo?πŸ˜ƒπŸ˜ƒ
abeg wetting itumo mean?
F1re(m): 12:55pm On May 09, 2024
Jameselias:


By adjusting SL you mean widening it

No, adjusting it upwards in profits.

2 Likes

F1re(m): 1:05pm On May 09, 2024
Finally it went my way🎯

2 Likes

Petah(m): 1:11pm On May 09, 2024
LincolnOnyeabor:


Alright thanks very much sir.

Really appreciate it.

Make I go find $5 fund for my Cent take start again.
boss, which broker, a time when I used exness, the minimum deposit was $10 even to fund Vet

1 Like

LincolnOnyeabor: 3:01pm On May 09, 2024
Petah:
boss, which broker, a time when I used exness, the minimum deposit was $10 even to fund Vet

It's Headway sir.

If you need it, I can drop the link for you sir.
GabsonFX2: 3:06pm On May 09, 2024
Trade closed, all results attached.

I exited cos I saw a long position on gold on H4, and entered. I don't want to counter trade.


GabsonFX2:
BTCUSD: Swing Short!

SL and entry indicated on charts. Thursday's candle will determine if this swing will hold or not. The candle will be the determining factor.

# I've been trading on phone πŸ“± for weeks now due to one or two.

1 Like

GabsonFX2: 3:14pm On May 09, 2024
Following my above post, I could not post the gold long trade, the up direction was too fast, about 100pips in 10mins. I entered just 10mins ago as soon as I closed the btcusd and as soon as the new h4 candle opened. At the same time, I'm in a class training, no time, multitasking at same time. Not easy trading on phone, posting on NL and same time seated at the class front

4 Likes 1 Share

GarkiAccessory(m): 3:27pm On May 09, 2024
G30fx:
Us30 selling loading am waiting for confirmation b4 i sell
Might reach 39300 or 39400 today
Petah(m): 3:30pm On May 09, 2024
LincolnOnyeabor:


It's Headway sir.

If you need it, I can drop the link for you sir.
thank you I will love that and how long have you been using them sir? Is their deposit and withdrawal fast?? Thanks sir.

1 Like

GabsonFX2: 3:37pm On May 09, 2024
My next post will be on this quoted post. After I posted this, I actually put in practice. I funded my axi broker personal with $3K yesterday and today I have made 35%. If it was a prop , it would have been 3.5%.
I will now withdraw my $3K capital and trade with only the profits ($1,043); now I will become less aggressive and trade with zero risk.


GabsonFX2:
Exposing PropFirms' Model
I understand you, now I need you to understand this, then the below advice follows

Each time we a challenge with prop firm, what we are doing is doubling (making 100%) the capital which naturally makes us aggressive traders. Meaning, if you buy a $10K prop , $1K is the actual risk appetite, and they want us to double it ($1K profit, 100%). In fact, $500 daily DD is the imminent and closest to hit risk appetite and this is the actual failure traders experience. Compare having a $500 risk capital to targeting $1K profits in order to win phase 1. That's making 150% of your risk capital.

They understand that if after you are unable to make 100% after 5 tries, you may luckily win 100% on the 6th try but then, they await you on the phase 2 of the 6th try cos they understand that you still have to be aggressive to make the phase 2 $500 target, i.e. 50% if $1K overall DD is considered or 100% for a $500 daily DD consideration. This keeps you going in cycle with them and other props. This is model that make them their money.

In the real and professional world, a sustainable forex trading is making 2% to 5% monthly profits and about 12% to 30% yearly. But prop firms twist it all by asking us to make 100% profit on phase 1 when loss is by an overall DD, 150% profit when loss is by a daily DD and 50% profit on phase 2, 100% profit when loss is by daily DD.

Prior to the advent of prop firm, I would never advise anyone to borrow capital to trade; but now, I would advise that you could borrow $500; target only 10%, withdraw the capital and profit, return the capital to where it was borrowed from. Use the profit to buy two prop challenges.

10% profit target on personal is better than what prop firm requires from us.


9 Likes 1 Share

Donsheddy: 4:03pm On May 09, 2024
GabsonFX2:
My next post will be on this quoted post. After I posted this, I actually put in practice. I funded my axi broker personal with $3K yesterday and today I have made 35%. If it was a prop , it would have been 3.5%.
I will now withdraw my $3K capital and trade with only the profits ($1,043); now I will become less aggressive and trade with zero risk.



Damn πŸ™†β€β™‚οΈ

3 Likes

EXLOVER(m): 4:11pm On May 09, 2024
GabsonFX2:
My next post will be on this quoted post. After I posted this, I actually put in practice. I funded my axi broker personal with $3K yesterday and today I have made 35%. If it was a prop , it would have been 3.5%.
I will now withdraw my $3K capital and trade with only the profits ($1,043); now I will become less aggressive and trade with zero risk.




Definition of a successful trader.

Congrats man

3 Likes 1 Share

GabsonFX2: 4:16pm On May 09, 2024
$3K funded yesterday.
$1,170 profits made in 2days. (39%)

Capital withdrawn.
Now trading with profits witn zero risks.

All attached.



GabsonFX2:
My next post will be on this quoted post. After I posted this, I actually put in practice. I funded my axi broker personal with $3K yesterday and today I have made 35%. If it was a prop , it would have been 3.5%.
I will now withdraw my $3K capital and trade with only the profits ($1,043); now I will become less aggressive and trade with zero risk.


GabsonFX2: 4:18pm On May 09, 2024

3 Likes

LincolnOnyeabor: 4:40pm On May 09, 2024
Petah:
thank you I will love that and how long have you been using them sir? Is their deposit and withdrawal fast?? Thanks sir.

Here you go sir

https://headway.partners//?hwp=e24118

The deposit and Withdrawals is super fast sir.


Na the Cent I dey use fa.
peteregwu(m): 5:04pm On May 09, 2024
Jameselias:
abeg wetting itumo mean?

Itumo = meaning.
realone12(m): 8:04pm On May 09, 2024
GabsonFX2:
$3K funded yesterday. $1,170 profits made in 2days. (39%)
Capital withdrawn. Now trading with profits witn zero risks.
All attached.


Mr Phenomenal.. brainy of our Time..

1 Like

F1re(m): 8:14pm On May 09, 2024
Final exitπŸŽ―πŸ¦…

3 Likes

samfelly: 8:25pm On May 09, 2024
Jameselias:
abeg wetting itumo mean?

Itumo (meaning) 😁
VeeVeeMyLuv(m): 8:52pm On May 09, 2024
GarkiAccessory:

Might reach 39300 or 39400 today
πŸ‘πŸ‘πŸ‘
realone12(m): 10:57pm On May 09, 2024
83% in fundedNext competition, all thanks to us30, Gold, silver and Nas100 πŸ˜‚πŸ˜‚..

The last time I hit 65% I greedily continue trading and ended up losing the as a result of some unclear rules I didn't understand back then..

Now I know better..
Uninstalling MT5 is the way to go.

As a matter of fact, those guys at the top position are beasts.. I'm tired of chasing themπŸ˜‚ e sure for me sey I go win . I don't mind if I end up not winning the money prices.

19 Likes 1 Share

Donsheddy: 11:56pm On May 09, 2024
realone12:
83% in fundedNext competition, all thanks to us30, Gold, silver and Nas100 πŸ˜‚πŸ˜‚..

The last time I hit 65% I greedily continue trading and ended up losing the as a result of some unclear rules I didn't understand back then..

Now I know better..
Uninstalling MT5 is the way to go.

As a matter of fact, those guys at the top position are beasts.. I'm tired of chasing themπŸ˜‚ e sure for me sey I go win . I don't mind if I end up not winning the money prices.

Wow good job πŸ’―πŸ’―
samfelly: 11:58pm On May 09, 2024
GabsonFX2:
My next post will be on this quoted post. After I posted this, I actually put in practice. I funded my axi broker personal with $3K yesterday and today I have made 35%. If it was a prop , it would have been 3.5%.
I will now withdraw my $3K capital and trade with only the profits ($1,043); now I will become less aggressive and trade with zero risk.



Wow, nice one, chief.

Abeg, the $3k around. Lemme run this your result for myself, in one month, sir cheesy

2 Likes

samfelly: 12:09am On May 10, 2024
realone12:
83% in fundedNext competition, all thanks to us30, Gold, silver and Nas100 πŸ˜‚πŸ˜‚..

The last time I hit 65% I greedily continue trading and ended up losing the as a result of some unclear rules I didn't understand back then..

Now I know better..
Uninstalling MT5 is the way to go.

As a matter of fact, those guys at the top position are beasts.. I'm tired of chasing themπŸ˜‚ e sure for me sey I go win . I don't mind if I end up not winning the money prices.

Now, this is real trading done by Real one πŸ’ͺπŸ‘ŒπŸ‘. I am happy for you. $50k with its $1,000 cash must fall on your lap. You did well uninstalling ur MT app, also.

Just keep fingers crossed and let those ahead of you struggle to add more to their profits, but getting reduced and finding themselves underneath your position. 😁

1 Like

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