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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 21 (332216 Views)
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Re: Forex Trade Alerts: Season 21 by TheYoda: 3:40pm On May 27, 2021 |
I'm just lazy and nothing to gain if I do, would have entered few of the accounts to check history and plot it on the chart, SOMETHING IS NOT RIGHT. The contest is mostly about money grab for few people NOW, not to learn to be discipline and learn solid money management. 1 Like |
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 4:14pm On May 27, 2021 |
GabsonFX: I think after breakout has been confirmed, it is advised to wait for correction towards the nearest support or resistance as the case may be before entering. This pair got rejected at 153.47, now destroying highs. What do you think my Oga? |
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 4:22pm On May 27, 2021 |
Targeting 13955 on this i.e 290 pips.
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Re: Forex Trade Alerts: Season 21 by Seunisco: 4:27pm On May 27, 2021 |
Sorry, what’s wrong with the first position, I can’t find his account again |
Re: Forex Trade Alerts: Season 21 by charly20(m): 4:32pm On May 27, 2021 |
After all the iyanga , GJ chased 156.xx after all... I wondered after multiple rejections around 153.xx. |
Re: Forex Trade Alerts: Season 21 by Tony142: 4:34pm On May 27, 2021 |
Seunisco: He is disqualified, I am surprised too |
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 4:38pm On May 27, 2021 |
charly20: I dey tell you, after 2 weeks. |
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 4:39pm On May 27, 2021 |
Seunisco: 10% peak loss. |
Re: Forex Trade Alerts: Season 21 by infofirst(m): 4:43pm On May 27, 2021 |
TheYoda: We improved after detecting issues. In the next contest, we will return to only currency pairs and total max lot size that can be traded will be 0.05. And every position must be 0.01 lot size. pips making is the goal not high returns with minimal pips making. Thank you boss Mi. I will ensure I check every trades of those to be rewarded in the current contest 3 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by Nobody: 4:47pm On May 27, 2021 |
TheYoda:If anyone changes the leverage it will reflect on the explorer. For currency pairs, one can trade 0.3 lot. |
Re: Forex Trade Alerts: Season 21 by Seunisco: 4:51pm On May 27, 2021 |
Can we still take trades tomorrow? |
Re: Forex Trade Alerts: Season 21 by Nobody: 4:52pm On May 27, 2021 |
I don't understand how someone leading the contest with such a margin continue trading in the first place. Seriously, I can be very insensitive when trading but not on these kind of profit margin. |
Re: Forex Trade Alerts: Season 21 by Nobody: 4:54pm On May 27, 2021 |
infofirst: Is the Fxblue contest mechanism programmed to detect max cumulative lot size? Cause I don't see the possibility of monitoring that manually. |
Re: Forex Trade Alerts: Season 21 by Nobody: 4:56pm On May 27, 2021 |
Seunisco:Yep,trading closes by 12noon tomorrow. I have closed mine today though. I am okay with what I achieved thus far. |
Re: Forex Trade Alerts: Season 21 by Nobody: 4:58pm On May 27, 2021 |
infofirst:I suggest you make the English more simple for newbies. Something like: Maximum open order allowed is 5, Maximum lot allowed per order is 0.01 4 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 5:00pm On May 27, 2021 |
Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 5:02pm On May 27, 2021 |
NetValueFX: You did well Bruv. Jumping above me at the speed of light. Well played! Kudos! |
Re: Forex Trade Alerts: Season 21 by infofirst(m): 5:04pm On May 27, 2021 |
NetValueFX: Noted |
Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 5:04pm On May 27, 2021 |
NetValueFX: Maybe he did it deliberately. Unto "fair play" things. He deserves to be applauded. He did well. |
Re: Forex Trade Alerts: Season 21 by Qpetz: 5:10pm On May 27, 2021 |
infofirst: Can you break this further? Coz I don't understand. Does this means that if I'm using 0.01 lot size, I can only take 5 different trades? 0.01 x 5 = 0.05 (Max) |
Re: Forex Trade Alerts: Season 21 by infofirst(m): 5:13pm On May 27, 2021 |
Qpetz: Yes sir. Subject to review if better arguments comes up before next contest. I mentioned it just so we can suggest. 1 Like |
Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 5:13pm On May 27, 2021 |
Qpetz: It means the maximum(highest) lot size you can use is 0.01 and the maximum (highest number of) open orders (trades that can be active at same time) is 5. Technically meaning that the maximum lot size at any point in time is 0.05 spread out over 5positio s. |
Re: Forex Trade Alerts: Season 21 by infofirst(m): 5:15pm On May 27, 2021 |
Theyoungmaster: High risk comes with such outcome. Its not surprising. |
Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 5:17pm On May 27, 2021 |
infofirst: Wow. I'm surprised really. I guess he took it up as a personal target to hit 100% Return. Laudable to be frank. Off to check his trade history. |
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 5:19pm On May 27, 2021 |
Theyoungmaster: He got to 1700, if he loses 171, he gets disqualified. With icmarkets, the least lot you can use is 1; and if the instrument goes against him by 171 points, he gets disqualified. You know how indices move nah; they average 300 points (pips) daily 2 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by infofirst(m): 5:20pm On May 27, 2021 |
Theyoungmaster: Correct. I made net +652pips and I am where I am but the current 1st position made net +208pips. @maryokn made about +800pips before falling short due to 10% peak loss. We need to adjust so the best pips maker can rank higher. Then since gold can be traded using 0.01lots(10cents/pip). Maybe it will be allowed 2 Likes |
Re: Forex Trade Alerts: Season 21 by infofirst(m): 5:21pm On May 27, 2021 |
Theyoungmaster: Thats indices for you. 1 Like |
Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 5:22pm On May 27, 2021 |
Elliotwaveforec: Mehn.... This is so unsophisticated. Kai! |
Re: Forex Trade Alerts: Season 21 by infofirst(m): 5:25pm On May 27, 2021 |
Elliotwaveforec: Its not 171 but 100. The peak loss considers the starting capital. That's why with 10% peak loss, you have no business trading 0.1lot in the first place if you are trading with the right risk level. That explains why we have a record number of disqualification in the current contest 2 Likes |
Re: Forex Trade Alerts: Season 21 by Theyoungmaster(m): 5:29pm On May 27, 2021 |
Theyoungmaster: I'm back. US30 did him dirty. Reminds me of the old adage that "what is sweet can kill too". Over all, he did a great job. I love the way he's able to hold onto winners for a long time. Still something I'm working on. Most times, 50pips in the bag, I don japa.
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Re: Forex Trade Alerts: Season 21 by Nobody: 5:32pm On May 27, 2021 |
Theyoungmaster: Not true. It wasn't done deliberately. Maximum draw down of 10% is trailing. |
Re: Forex Trade Alerts: Season 21 by VlamesIffect(f): 5:34pm On May 27, 2021 |
Seunisco: Chai... that's d problem wit scalpin ooh. U can win 99 trades jst one wrong trade can wipe you out... He's currently sitting on -500 loss. But leading with 70% why dd he still keep trading tho... Indices is not 4 d weak. 1 Like |
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