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Forex Trade Alerts: Season 21 - Business (423) - Nairaland

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Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 12:26pm On Dec 18, 2021
lekinz18:
Based on @gozylala and @donvic4u advice to do my trading journal at the end of the week.

This is my trading journal for this week....any area of adjustment?

I don't think this is how a trade journal works,
An indicator on your platform can get you this,
Or a myfxbook like mine can get you this,
What a journal is, is more detailed than this,

You need,
1. To have the chart and mark entry and exit,
2. Reasons for entry and exit
3. Possible improvements to entry / exit.
4. How does similar pattern played out in the past
5. The % probabilities of such kind of setups
6. Finally, would you take such kind of setup again?

5 Likes

Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 3:15pm On Dec 18, 2021
EeGooBetter:
what's this trial all about...maybe I can try it on monday
this is just to see if one can abide by the rules of their and meet their target.. I don't know how to explain it for you sir but still it goes beyond rules only
Re: Forex Trade Alerts: Season 21 by zonall(m): 6:53pm On Dec 18, 2021
XAUTrader4L:
Will sell gold with 100 pips SL, the second leg of the HnS is now a lower low which is just nice. The target for the pattern is 1638 and that is where i would place my TP.

Greetings boss.

I concur with your Sell, but that TP dey fear me sha... wink

Currently, PA is strongly indicative of Gold being in a transient bearish pullback {probably to daily support around 1784-1782 or even, further to 1765-1763} within an on-going Weekly Bullish Momentum to 1861 thereabout.

There will need to be a failed retest of the Weekly Support/Swap Zone around 1758-1761 to reverse this momentum and head further south.

Until then, we are swinging oooh.... cool cool

4 Likes

Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 8:45pm On Dec 18, 2021
Long Gold 1798 SL 1793 TP 1850

Re: Forex Trade Alerts: Season 21 by Fleckingemy(m): 9:34pm On Dec 18, 2021
Good evening traders who know of any good YouTube channel where I can learn demand and supply zone and how to trade with it?
Re: Forex Trade Alerts: Season 21 by abham: 10:25pm On Dec 18, 2021
Check out trading fanatic.

Fleckingemy:
Good evening traders who know of any good YouTube channel where I can learn demand and supply zone and how to trade with it?

2 Likes

Re: Forex Trade Alerts: Season 21 by Gozzylala(m): 10:30pm On Dec 18, 2021
Fleckingemy:
Good evening traders who know of any good YouTube channel where I can learn demand and supply zone and how to trade with it?


Plenty of them
Trading fanatic like abham said
Albie f x
Phantom
Precise pips
My favorites are fanatic and albie

2 Likes

Re: Forex Trade Alerts: Season 21 by lekinz18(m): 10:31pm On Dec 18, 2021
Feshizzy:


I don't think this is how a trade journal works,
An indicator on your platform can get you this,
Or a myfxbook like mine can get you this,
What a journal is, is more detailed than this,

You need,
1. To have the chart and mark entry and exit,
2. Reasons for entry and exit
3. Possible improvements to entry / exit.
4. How does similar pattern played out in the past
5. The % probabilities of such kind of setups
6. Finally, would you take such kind of setup again?


Ok bro...Will work on it
Re: Forex Trade Alerts: Season 21 by Nobody: 11:36pm On Dec 18, 2021
to the bolded: NO

I fear dealing with them, poor ratings, too many complaints, poor customer supports - these are things I've read about them. I fear they may pack up soon.


charly20:


Where do you stand among the types of traders - scalper, intraday or swing?

@GabsonFx would you find trading with MFF inconvenient?
You are experienced in the prop firm thing. And I don't believe what @Feshizzy is saying that "only gamblers dey fear the daily DD".
I would really value your input.

1 Like

Re: Forex Trade Alerts: Season 21 by Nobody: 11:38pm On Dec 18, 2021
I still swing, now on H4.

GreatestManEver:
Gabsonfx, how far?

GreatestManEver:
Gabsonfx is a swing trader,you need no other explanation

kendoschurrle:

yes but even him changed to short term for ftmo. he used to hold gold trades for days before
Re: Forex Trade Alerts: Season 21 by Nobody: 11:40pm On Dec 18, 2021
Thanks, bro, nothing like being the boss of your own.

JAkpayen:
Hi,
Congrats Gabsonfx for sacking your ogas. I'm sure they are those white guys who like using F-word to bully others at workplace

Wishing everyone members of FTA green pips as 2021 wraps up in few days and more greener pips in 2022. With the prop firm funds availability we can use this to reduce Nigerian unemployment rate in our capacity.

Re: Forex Trade Alerts: Season 21 by Nobody: 11:40pm On Dec 18, 2021
grin grin grin

voraz:


I'm doing fine, thankfully (is this Walexy?)
was spending the past few days going through messages here.
It made more sense when I saw that GabsonFX is Pipbasketings this morning wink

How've you been?
Re: Forex Trade Alerts: Season 21 by Nobody: 11:47pm On Dec 18, 2021
Thanks to you all for the suggestions: I will be ignoring the interview.

I appreciate you all......... kiss kiss kiss


Elliotwaveforec:
@gabsonfx, ignore the interview and keep a low profile.
GreatestManEver:
accept oooo and shout out to us at the end cheesy cry
russy:

Are they going to pay you abeg ignore and continue to focus.
CopyJoe:

Ignore.
russy:

Are they going to pay you abeg ignore and continue to focus.
Elliotwaveforec:
@gabsonfx, ignore the interview and keep a low profile.
BrightFuture48:

Abeg show face make we see you live and direct boss, that's what is motivating us here. I must say, it is privilege sharing this platform with you and seeing you dishing out those words of gems, and that would go along away in making us believing in our selves and need to put more effort.
You're a testimony albeit very near boss that we can aim to be one day. Congratulations on your achievements! Pls grant the interview to stimulate us further here.
Stay Blessed! grin
carbonado:
.................you do not have to accept if you are not comfortable yet.......for them, it is marketing, if you are not comfortable doing it, no need to do it yet...
haryodehjia:

God bless you.. GabsonFX my opinion may not count but in as much you won't be paid for this publicity I will suggest you keep a low profile..
fortz007:
If it helps you in anyway then by all means do it.
PS: You promised your youtube channel will run for us all. Try carry us along smiley
Feshizzy:

You still be naija,
You suppose know the mata,
Just ignore the interview probably until you have a back up investment.
Piptocoin:


ignore. maintain your state of anonymity and security. they are bound to seek more knowledge of a person who has been consistently profitable for both parties but then ignore. in the end, do you...
ogashman:
Boss @gabsonfx
I think you should give the interview a trial. I believe it will provided more opportunities of meeting and trading for investors with large equities which will in the long run serve as a passive source of income.
femora007:
I think, yes. We will have one or two things to learn from the interview

4 Likes 1 Share

Re: Forex Trade Alerts: Season 21 by Nobody: 6:20am On Dec 19, 2021
zonall:


Greetings boss.

I concur with your Sell, but that TP dey fear me sha... wink

Currently, PA is strongly indicative of Gold being in a transient bearish pullback {probably to daily support around 1784-1782 or even, further to 1765-1763} within an on-going Weekly Bullish Momentum to 1861 thereabout.

There will need to be a failed retest of the Weekly Support/Swap Zone around 1758-1761 to reverse this momentum and head further south.

Until then, we are swinging oooh.... cool cool

I hail boss, the TP might seem ridiculous but its from the pattern on the chart. The truth is right from the august low i didnt see any evidence that the bull run will start and on the weekly a high above 1916 would have changed my mind.
Re: Forex Trade Alerts: Season 21 by Nobody: 6:33am On Dec 19, 2021
obajoey:


I saw it on daily time frame too. The area in my bias that I believe the sell will run to is 1720. I posted this earlier

Yes, am looking at much lower prices though.
Re: Forex Trade Alerts: Season 21 by infofirst(m): 8:34am On Dec 19, 2021
Risk management is the single most important thing in forex and other business as well as life itself..
I stumbled on some interesting stats from myforexfunds and I was wow.
Will be copying and dropping them next.
Lets gist around them.
Folks are super desperate to get rich.... My take after reading it.

3 Likes

Re: Forex Trade Alerts: Season 21 by infofirst(m): 8:36am On Dec 19, 2021
Risk management can never be over estimated.

2 Likes 1 Share

Re: Forex Trade Alerts: Season 21 by infofirst(m): 8:36am On Dec 19, 2021
October
New live accounts: 3544
Total amount paid out: US$1,482,627.31
Most traded pair: XAU/USD

Most profitable pair: GBP/AUD
Least profitable pair: GBP/JPY
Passed phase 1: 18%

Passed phase 2: 31% of traders who passed phase 1
Reached first profit split: 4% of traders who pass phase 2

Important note: The pass rate was particularly high this month because our violation system was missing a large number of violations.


3 Likes

Re: Forex Trade Alerts: Season 21 by infofirst(m): 8:41am On Dec 19, 2021
November
New live accounts: 5718
Total amount paid out: US$2,848,357.40
Most trader pair: XAU/USD
Most profitable pair: XAU/USD
Least profitable pair: GBP/JPY
Passed phase 1: 10%
Passed phase 2: 24% of traders who passed phase 1
Reached first profit split: 3% of traders who passed phase 2
Important note: For the start of the month the pass rate was high due to our violation system missing a large number of violations
.

2 Likes

Re: Forex Trade Alerts: Season 21 by Gasive: 8:49am On Dec 19, 2021
infofirst:
November
New live accounts: 5718
Total amount paid out: US$2,848,357.40
Most trader pair: XAU/USD
Most profitable pair: XAU/USD
Least profitable pair: GBP/JPY
Passed phase 1: 10%
Passed phase 2: 24% of traders who passed phase 1
Reached first profit split: 3% of traders who passed phase 2
Important note: For the start of the month the pass rate was high due to our violation system missing a large number of violations.

Re: Forex Trade Alerts: Season 21 by infofirst(m): 8:56am On Dec 19, 2021
And the one that summed it all and surprised me the more below
Some takeaways from our trading data:

Over 60% of traders in our database do not use a stop loss and have a high risk of ruin

The traders who have made it to their 4th pay cycle all have a risk management strategy of below 3% risk on any given day

The profitable traders are in the market less than 4 hours per day

The most profitable traders do not hold traders overnight

A trader who holds trades over the weekend has a 60% high chance of failing or losing their account

When the market is more volatile more traders fail because of a lack of risk management discipline

If volatility is prolonged, it is a blood bath of epic proportions

There are 5 traders who are on their 8th payout on evaluation live accounts.

All of them trade conservatively and make sure they get paid. None of them risk more than 2% per trading day and they stop when they have reached 4-8% in profit until pay cycle has ended

All traders who received record payouts have lost their accounts within 3 weeks of the record payout due to excessive risk.

There are many, many more fun facts about the traders in our database and as we grow, more of those facts are coming to light. 
Our advice is to take it easy when you reach live, many people seem to be unable to control their greed emotion.

Make sure you get paid and keep your risk as low as possible. After all, it’s a marathon not a sprint.



Happy trading everyone!

13 Likes 1 Share

Re: Forex Trade Alerts: Season 21 by Jameselias: 9:02am On Dec 19, 2021
Ah!ah!ah! Hmm speechless. Inforfirst long life sir .
Re: Forex Trade Alerts: Season 21 by infofirst(m): 9:09am On Dec 19, 2021
Jameselias:
Ah!ah!ah! Hmm speechless. Inforfirst long life sir .

Same here sir. And that only 5 traders survived up to 8 months is another wawu.
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 9:26am On Dec 19, 2021
Hmnn! Gold the most profitable pair.
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 9:39am On Dec 19, 2021
What I understand here is for both month October and November only 10 persons got paid out of persons that passed phase 1... This is a huge profit for the prop firm and also this boils down to discipline and account management.. Boss thanks for sharing this

2 Likes

Re: Forex Trade Alerts: Season 21 by Gasive: 9:47am On Dec 19, 2021
infofirst:



Make sure you get paid and keep your risk as low as possible.

This is my target for next year. I'm working seriously towards it and I hope to achieve it.
3% monthly of 100k is about $3k, which is about #1.5m. I don't think my state governor earns this much monthly(legally).

9 Likes 1 Share

Re: Forex Trade Alerts: Season 21 by infofirst(m): 9:47am On Dec 19, 2021
haryodehjia:
What I understand here is for both month October and November only 10 persons got paid out of persons that passed phase 1... This is a huge profit for the prop firm and also this boils down to discipline and account management.. Boss thanks for sharing this

More than 10 were paid
Approximately 3% of live account in november were paid
Re: Forex Trade Alerts: Season 21 by sampz: 9:50am On Dec 19, 2021
infofirst:
And the one that summed it all and surprised me the more below
Some takeaways from our trading data:

Over 60% of traders in our database do not use a stop loss and have a high risk of ruin

The traders who have made it to their 4th pay cycle all have a risk management strategy of below 3% risk on any given day

The profitable traders are in the market less than 4 hours per day

The most profitable traders do not hold traders overnight

A trader who holds trades over the weekend has a 60% high chance of failing or losing their account

When the market is more volatile more traders fail because of a lack of risk management discipline

If volatility is prolonged, it is a blood bath of epic proportions

There are 5 traders who are on their 8th payout on evaluation live accounts.

All of them trade conservatively and make sure they get paid. None of them risk more than 2% per trading day and they stop when they have reached 4-8% in profit until pay cycle has ended

All traders who received record payouts have lost their accounts within 3 weeks of the record payout due to excessive risk.

There are many, many more fun facts about the traders in our database and as we grow, more of those facts are coming to light. 
Our advice is to take it easy when you reach live, many people seem to be unable to control their greed emotion.

Make sure you get paid and keep your risk as low as possible. After all, it’s a marathon not a sprint.



Happy trading everyone!

this is eye opening!
Re: Forex Trade Alerts: Season 21 by Elliotwaveforec: 9:50am On Dec 19, 2021
Gasive:


This is my target for next year. I'm working seriously towards it and I hope to achieve it.
3% monthly of 100k is about $3k, which is about #1.5m. I don't think my state governor earns this much monthly(legally).
Ha ha! Your state governor must be Osun state. Lol!
Re: Forex Trade Alerts: Season 21 by infofirst(m): 9:51am On Dec 19, 2021
Gasive:


This is my target for next year. I'm working seriously towards it and I hope to achieve it.
3% monthly of 100k is about $3k, which is about #1.5m. I don't think my state governor earns this much monthly(legally).

First try out 10k first. And let the profit from 10k be used to start 100 or 200k. 200k is much more a comfortable figure to start with in my view

3 Likes

Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 11:04am On Dec 19, 2021
infofirst:


More than 10 were paid
Approximately 3% of live account in november were paid

I was kinda surprised too when I saw those stats on their Facebook group...

Mehn forex is not easy o..

Forget all the lambos and Ferrari those guys post on Instagram


This game not easy gan
Re: Forex Trade Alerts: Season 21 by Gasive: 11:06am On Dec 19, 2021
Elliotwaveforec:

Ha ha! Your state governor must be Osun state. Lol!
Lolx... grin grin

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