NewStats: 3,261,620 , 8,174,535 topics. Date: Thursday, 29 May 2025 at 07:37 PM 1o12p

XAUTrader4L2:
Only if I see a sell signal at the supply will I enter a trade.

Nice Analysis. Keeping an eye out

LincolnOnyeabor:


Yeah.

The final tp is still far off.

But I closed it. I've re-entered another 2 positions sha.

With TP at 2.10 area. This should help me the phase 1 of this .

Omo! 2 phase s are just sooo meeeeehhh on the mind.

Well done Linc on that long. That was a nice call, I don't have the liver to hold that long on a call, woulda chickened out at 2×R, but you waited and milked it all out. Nice one boss.

But on re-entering again, hope that isn't a long shot? I have a resistance there on EA on May 9th on the hourly timeframe that should hold the price a lil bit, since EA and GA are so correlated, I expect they'd both react to same rejection.

And with the look of things, it's holding and reversing the price already. It's not really nice giving back to the same pair what you already made same day.

nzechu:


FundedNext runs a monthly competition. They already have rules set out.

So everyone here s that competition, 100k , submit their profile to you, at the end of the competition, you retrieve everybody's performance.

And get your winners there

This is very nice suggestion.

samfelly:


If it happened that we finally settled for this, what lot size rule (risk management) would you ask the host to introduced that can match a $10K type of competition?

That would be 1 standard lot with 2 max open positions. we use 0.1 of 2 positions during those competition.

100k = 1lot 2 max positions
10k = 0.1 lot 2 max positions

Kaesyrn:
Wednesday 21st May

FUNDAMENTALS ⚙

samfelly:


If it happened that we finally settled for this, what lot size rule (risk management) would you ask the host to introduced that can match a $10K type of competition?

thank you

FundedNext, already has lotsize rule for their 100k competition, we can adopt it. There is no need to tailor it down to a 10k type of competition.

You can't HV more than 5 positions opened at same time.
You can't trade more than 3 lots on gold/induces and more than 5 lots on currencies.

We can adopt these rules.
With Thier dashboard you can read all the competitors trades. They only HV to before the monthly competition

Like Nzechu, I am in a USDJPY sell. Entered on Tuesday. Just opened a GBPNZD sell. Hoping the red folder news of today will not mess up my GN sell.

Kaesyrn:
Playing

nzechu:
thank you

FundedNext, already has lotsize rule for their 100k competition, we can adopt it. There is no need to tailor it down to a 10k type of competition.

You can't HV more than 5 positions opened at same time.
You can't trade more than 3 lots on gold/induces and more than 5 lots on currencies.

We can adopt these rules.
With Thier dashboard you can read all the competitors trades. They only HV to before the monthly competition

Actually, it says the competitors cannot open more than 5 positions of each asset at any time. This means a person can open 5 lots of EURUSD, 5 lots of NZDUSD, 5 lots of CADJPY, 5 lots of USDCAD, 3 lots of XAUUSD, 3 lots of XAGUSD. As long as the trades don't breach the daily or total drawdown those trades are within the rules. This will not work with the kind of money management rules that will give equal opportunity to every competitor.

Besides, many may miss the opportunity to for a fundednext competition, and we know that on many occasions Infofirst allows late entry on very good reason which FN's competition does not allow.

These two reasons are the only things that make the FN competition entry unfit for the kind of flexibility and MM rules for which nairaland competition is known.

jsheng:


This is my baiz on the USDCAD pair bearish 📉

The implication of this on the EURUSD GBPUSD AUDUSD NZDUSD will be bullish 📈

My Grandma always wisper to my ear every night that I should always buy PATIENT and keep, it will be useful in time of farming

I greet everyone in the house

Hope we all are in profit
Shalom

Kaesyrn:


“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” —

Bruce Lee

Morning to comrs. Xauusd moving from 3311 to 3315, then reverse again

Good morning fam

Could it be a coincidence that this that the buyers failed on Friday May 9th is the same one they are having bigger problem breaking since yesterday.

They've been buying but being pushed back, who throws in the towel first, we will see. Today is also a no news day for the two of them, so they will battle it with no refree or VAR to settle the battle.

Eku mrkt ooo
Wuna good morning
Ah just dey comot for NL bot prisin,

@samfelly, I nzechu suggestions about the competitions, using fundednext monthly competition is the best way forward where we can get access to performance tracking without mago mago or wuru wuru shenanigans, although I don't think we need to follow their lot size rules, I'd rather prefer infofirst style just like we did during the sit up challenge where a maximum lot size cap of 0.1 lot was placed for the 10k, so we can empoy that for the 100k with 1lot and max of 2 open position, that daddy infofirst always preaches strict risk money management and a slow and steady approach... Thank you sir...

Kaesyrn:


Gap filled ✅

Riverrun:


Bros abeg when you wan teach me how to run gold matter? That pair don too deal with me.

Be ready for d rain and storm. D blood and sweat

CaptainJune:
Like Nzechu, I am in a USDJPY sell. Entered on Tuesday. Just opened a GBPNZD sell. Hoping the red folder news of today will not mess up my GN sell.

GN trade hit my sl. Should have exited earlier but busy.

geedot:
Could it be a coincidence that this that the buyers failed on Friday May 9th is the same one they are having bigger problem breaking since yesterday.

They've been buying but being pushed back, who throws in the towel first, we will see. Today is also a no news day for the two of them, so they will battle it with no refree or VAR to settle the battle.

I believe it will be broken

Davigle:
Eku mrkt ooo
Wuna good morning
Ah just dey comot for NL bot prisin,

@samfelly, I nzechu suggestions about the competitions, using fundednext monthly competition is the best way forward where we can get access to performance tracking without mago mago or wuru wuru shenanigans, although I don't think we need to follow their lot size rules, I'd rather prefer infofirst style just like we did during the sit up challenge where a maximum lot size cap of 0.1 lot was placed for the 10k, so we can empoy that for the 100k with 1lot and max of 2 open position, that daddy infofirst always preaches strict risk money management and a slow and steady approach... Thank you sir...

Lemme ad something
Discipline and risk management must be learnt!
This is not a game where you try to teach people everything.

Let everyone play with their lot sizes

So more people will go out fast.
What matters the most is daily breach and max draw down!

Alexas58:


Lemme ad something
Discipline and risk management must be learnt!
This is not a game where you try to teach people everything.

Let everyone play with their lot sizes

So more people will go out fast.
What matters the most is daily breach and max draw down!

Well said, the market Is the Ultimate teacher

Alexas58:


Lemme ad something
Discipline and risk management must be learnt!
This is not a game where you try to teach people everything.

Let everyone play with their lot sizes

So more people will go out fast.
What matters the most is daily breach and max draw down!

Seconded.

It's a free world..

CaptainJune:


Actually, it says the competitors cannot open more than 5 positions of each asset at any time. This means a person can open 5 lots of EURUSD, 5 lots of NZDUSD, 5 lots of CADJPY, 5 lots of USDCAD, 3 lots of XAUUSD, 3 lots of XAGUSD. As long as the trades don't breach the daily or total drawdown those trades are within the rules. This will not work with the kind of money management rules that will give equal opportunity to every competitor.

Besides, many may miss the opportunity to for a fundednext competition, and we know that on many occasions Infofirst allows late entry on very good reason which FN's competition does not allow.

These two reasons are the only things that make the FN competition entry unfit for the kind of flexibility and MM rules for which nairaland competition is known.

Seconded

Elliotwaveforec:
Selling EU 1254 SL 1291

SL taken

Kaesyrn:
‎Losses😥😔
‎
‎What every trader fears... Yes, that's it..
‎Traders are scared of making losses, especially those new to forex.😤
‎
‎Losses are inevitable in forex. Every trader goes through some sort of losing streak. You're bound to lose📉
‎
‎Even the best trader in the world right now has lost money, blown s and even went broke at some point in life.😮‍💨
‎
‎You do not need to feel down and depressed after blowing your 🫵
‎
‎What makes you and a successful trader different is the ability to recover from losses.... Not giving up.... Taking a step back and thinking of a new plan to take✅
‎
‎Do not be scared of making losses.🙅
‎The losses are part of experiences in growing because you'd be able to see where you made errors, learn from your mistakes and get better 💯
‎
‎Your psychology also matters.... Despite the losses, brace up, look back on your charts, use that as a starting point to analyze better.👌
‎
‎Having the losses get to you can be fatal, as you could end up mes yourself..
‎Take a break if you can... Its not everytime you trade.🙇
‎
‎Feel better, let go of the losses and try again.... Forex isn't difficult. Just trust the process, follow the steps and be dedicated to it 💯🔥

Kaesyrn:
Permit me to share

XAUTrader4L2:
Only if I see a sell signal at the supply will I enter a trade.

We dey together.

DXYY:


I believe it will be broken

Seems very likely now, looks like a new has formed underneath, closed the trade @60% loss instead of it hitting the full stoploss.

I misread GN price action. It is bullish. I am waiting for a clear breakout to open a buy position.

Kaesyrn:



Following this structure we should get to 3350 today still

Kaesyrn:



Personal trade 🤞

Not gonna call another reentry unless with further confirmation

Kaesyrn:
What’s the most important for traders?

Stop loss ? Take profit ? Trailing stops ?
Position sizing 🤔

Some helpful tips;

1. Position size 10% of your
(Position sizing determines your trading destiny more than anything else will.)

2. Never risk more than 1% per trade

3. 50% win rate

4. 1:3 risk-reward ratio

Detach from trading outcomes. Attach to your trading process.

Every trade tests your discipline to follow your trading plan.

Confidence comes from system clarity, not certainty about the future.

To transform your trading, eliminate mediocrity by making a firm commitment to:

Avoiding Big Losses: Cut losses consistently and religiously.

Ignore Opinions and Predictions: No one knows the future. Just execute your trading in the present moment based on price action.

Stay Disciplined: Eliminate style drift and stick to a sound trading approach.

Take Responsibility: No more excuses—own your decisions and outcomes.

Focus on discipline, reject shortcuts, and prioritize personal ability for consistent success.