peteregwu:


Gold almost ruined my life a year ago, ever since then, me and gold no dey pass the same road

Na gold dey give me demotion letter for this competition.

EmmanuelVi:

Well, I think it's fair, but for me, I rather stack the odds in my favour, then let it go however it wants.

How do you know the odds is in your favor....
We are only speculating....

Chai, if GOLD was to take a walk through FTA NL, see all these allegations wey dey im head ehn, that commodity for weep...lols.😂😂

EmmanuelVi:

"Hope is only a bogus emotion that cost's you money".

Bro. I so much respect your style and views but please try and criticize objectively. I have noticed you fault most of his calls and even when they came great. No thumbs for it. Do not discourage those dropping calls. We keep learning. Stop loss hitting is no big deal.
People claiming 100% outcome are my only problem. Whoever has been in this fx of a thing and is true to his or herself will know shit happens.

Whoever dropped a call before it happens do not deserve to be embarrassed irrespective of the outcome.

On the competition too, the fact that some people struggle do not mean that is their best. Competition is different from proper prop firm trading.
The examples are many to mention one person.

infofirst:


Bro. I so much respect your style and views but please try and criticize objectively. I have noticed you fault most of his calls and even when they came great. No thumbs for it. Do not discourage those dropping calls. We keep learning. Stop loss hitting is no big deal.
People claiming 100% outcome are my only problem. Whoever has been in this fx of a thing and is true to his or herself will know shit happens.

Whoever dropped a call before it happens do not deserve to be embarrassed irrespective of the outcome.

Abeg help me tell them. And the huge problem is that, they will never drop any chart to show their own biase, all they know is to show their result whenever they are in profit without showing us their chart before the market move; but the moment they see another traders call go negative, they will start preaching end time message under your post.

Donsheddy:


How do you know the odds is in your favor....
We are only speculating....

Aah! Bro, there are a lot of things to do to stack the odds in your favour, some of these goes back to the very building blocks of Technical Analysis itself;
1. Markets move in TRENDS.
that's the most crucial!

2. Markets are FRACTAL in nature.
This means that these TRENDS are multiple, and of varying degrees, but all still being the same in nature. Understand this and you'd understand that each degree of trend exerts a force on another degree of trend weaker than itself(this is nature), so you must respect each trend in it's own right.

3. HISTORY REPEATS itself.
Meaning that these TRENDS are always in motion till infinity, never stopping.
Newton's First law of Motion.
This is why there will always be another setup coming.

Having grasp of these knowledge and how to use them effectively means me stacking the odds in my favour. Applying the concepts come down to;
1. Trading with the TREND, this can be any of the countless trends always available. Now when you've chosen one to trade with check for a higher degree of trend that is immediately stronger than the one you're actually trading, recognise it's boundaries and respect them (this is MULTIPLE TIMEFRAME ANALYSIS)
2. Trade with support and resistance.
These are the boundaries of both the trend you're trading and those of the higher degree trend you've got to respect. Don't let your targets violate the bigger trend's convenience.

These are but just the foundations, there are many other variables, including those of your Psychology as a trader, which you have to train yourself in, personally.
When you've got all those put together, it defines your trader's EDGE in the markets; now that's you stacking MOST odds in your favour.

We recognise that there are still more variables present in the markets which we've got no idea about (if we did, we'd have been as gods in the markets and there would never be losses), and that's why you would still be wrong sometimes, but knowing you've got the EDGE, you'd be at peace even with the markets.

EmmanuelVi:

Aah! Bro, there are a lot of things to do to stack the odds in your favour, some of these goes back to the very building blocks of Technical Analysis itself;

abeg sometimes learn to shut up and observe

all these yati yati wey you dey talk i no know who you dey do am for

the guy don dey post calls here since with good R:R.. how many you don post?

make we hear word abeg

na so una go pack theory for head like naija teachers but nothing come out

EmmanuelVi:

Aah! Bro, there are a lot of things to do to stack the odds in your favour, some of these goes back to the very building blocks of Technical Analysis itself;
1. Markets move in TRENDS.
that's the most crucial!

2. Markets are FRACTAL in nature.
This means that these TRENDS are multiple, and of varying degrees, but all still being the same in nature. Understand this and you'd understand that each degree of trend exerts a force on another degree of trend weaker than itself(this is nature), so you must respect each trend in it's own right.

3. HISTORY REPEATS itself.
Meaning that these TRENDS are always in motion till infinity, never stopping.
Newton's First law of Motion.
This is why there will always be another setup coming.

Having grasp of these knowledge and how to use them effectively means me stacking the odds in my favour. Applying the concepts come down to;
1. Trading with the TREND, this can be any of the countless trends always available. Now when you've chosen one to trade with check for a higher degree of trend that is immediately stronger than the one you're actually trading, recognise it's boundaries and respect them (this is MULTIPLE TIMEFRAME ANALYSIS)
2. Trade with support and resistance.
These are the boundaries of both the trend you're trading and those of the higher degree trend you've got to respect. Don't let your targets violate the bigger trend's convenience.

These are but just the foundations, there are many other variables, including those of your Psychology as a trader, which you have to train yourself in, personally.
When you've got all those put together, it defines your trader's EDGE in the markets; now that's you stacking MOST odds in your favour.

We recognise that there are still more variables present in the markets which we've got no idea about (if we did, we'd have been as gods in the markets and there would never be losses), and that's why you would still be wrong sometimes, but knowing you've got the EDGE, you'd be at peace even with the markets.

“History never repeats itself, but it does often rhyme.” - Mark Twain

The truth is every pair forms market pattern everyday (Yes everyday) wether it's in m1, m5 , m15 , h1 or so, there's always a price pattern ( head and shoulder, double tops triple tops and the rest..

infofirst:


Bro. I so much respect your style and views but please try and criticize objectively. I have noticed you fault most of his calls and even when they came great. No thumbs for it. Do not discourage those dropping calls. We keep learning. Stop loss hitting is no big deal.
People claiming 100% outcome are my only problem. Whoever has been in this fx of a thing and is true to his or herself will know shit happens.

Whoever dropped a call before it happens do not deserve to be embarrassed irrespective of the outcome.

Oh no no no! You've got me wrong Sir, I do give him a pat on the back when he takes a good call (check again, for real), I don't attack anyone who drops trade calls here, haba I how draining that is naw😲
The only thing I was disputing was him using the emotion: 'HOPE' in his trade (according to him), I wasn't actually attacking his call, NO.

Last I questioned his call was on an instrument I was equally watching and on the same TMF so I spoke up because even though he took the right direction, I felt he entered to fast (he did got taken out), then he entered again, this time at good level, I was happy about this and when he took profit, I congratulated him.
The trade call of today, I was just wondering why his bias changed, cos I wasn't seeing any reason on my own, then I saw the word 'HOPE', and I felt this would simply make him give back his money to the markets. Understand I'm not undermining him in any way as a trader, if anything, I want him to be even better, that's what we doing here right?

I'm not hating, no. I actually like the guy cos he's trading a TMF I'm familiar with, and a lot of times I've noticed he goes with the market's flow. If you notice, I hardly respond to others person's trade calls apart from @peteregwu whom my approach blends with.

Yet still, I'm human and bound to err, so to any trader here who feels attacked by me through my writeups, this was never intention, and I'm sorry. To those whom I might make feel that way going forward, I'm sorry in advance...lols😂😂

Gold is mad. After closing a position for better loss its reversing

EmmanuelVi:

Oh no no no! You've got me wrong Sir, I do give him a pat on the back when he takes a good call (check again, for real), I don't attack anyone who drops trade calls here, haba I how draining that is naw😲
The only thing I was disputing was him using the emotion: 'HOPE' in his trade (according to him), I wasn't actually attacking his call, NO.

Last I questioned his call was on an instrument I was equally watching and on the same TMF so I spoke up because even though he took the right direction, I felt he entered to fast (he did got taken out), then he entered again, this time at good level, I was happy about this and when he took profit, I congratulated him.
The trade call of today, I was just wondering why his bias changed, cos I wasn't seeing any reason on my own, then I saw the word 'HOPE', and I felt this would simply make him give back his money to the markets. Understand I'm not undermining him in any way as a trader, if anything, I want him to be even better, that's what we doing here right?

I'm not hating, no. I actually like the guy cos he's trading a TMF I'm familiar with, and a lot of times I've noticed he goes with the market's flow. If you notice, I hardly respond to others person's trade calls apart from @peteregwu whom my approach blends with.

Yet still, I'm human and bound to err, so to any trader here who feels attacked by me through my writeups, this was never intention, and I'm sorry. To those whom I might make feel that way going forward, I'm sorry in advance...lols😂😂

Thank you for your response. I appreciate that. More strength to us all.
I am not saying one should not comment on trade calls but it should be objective like if I made a buy call. You can tell why you think its a sell and all that.

kendoschurrle:


abeg sometimes learn to shut up and observe

all these yati yati wey you dey talk i no know who you dey do am for

the guy don dey post calls here since with good R:R.. how many you don post?

make we hear word abeg

na so una go pack theory for head like naija teachers but nothing come out

Noted.
Trying to do that now, but biko wetin you want make I observe?

EmmanuelVi:

"Hope is only a bogus emotion that cost's you money".

Are u an illusionist? The young man has been doing gr8 for himself, posting trade calls and journaling his journey regardless of being wrong or right all u keep doing is attacking him , please stop! If is that easy I guess you are now trading with Hedge fund. There is more to trading than this bro,

It's been a great week, @ Greatcheer congratulations. Remember is a numbers game till next week.

XAUTrader4L2:



“History never repeats itself, but it does often rhyme.” - Mark Twain

Yeah alright, "rhyme".
Rhymes enough to be recognised and tied to a similar pattern right? So that's the history for me.

I believe that's why you don't change your strategy every single time, cos, you're acticipating a repeat of what happened the last time.

Mark Twain was never a trader mind you, he was of the Academic world, you and I both know the MARKET is an entirely different setting.

Galleryeasy:
Are u an illusionist? The young man has been doing gr8 for himself, posting trade calls and journaling his journey regardless of being wrong or right all u keep doing is attacking him , please stop! If is that easy I guess you are now trading with Hedge fund. There is more to trading than this bro,

It's been a great week, @ Rebecca congratulations. Remember is a numbers game till next week.

mmm..*sighs*...did even read any of my other comments or did you just come right out to throw a diss at me?
I don't even see where the guy in person mentioned that I "keep" attacking him (as you say).
I wonder who is throwing shades now.

Trading can be interesting, from last two weeks to last week, I took 5 positions and had 5 losses in a row , this thing has never happened for a very long time . I lost about
5.3%, I didn't question my strategy cuz I noticed that most of the lost trades could have ended being breakeven trades, I'm wired my mind in such a way that 1:5Rr or nothing.

This week came with lots of banger, took 4 positions on Gj and GU won all with at least 1:4RR, the problem I encountered this week was psychological problem due to previous loses, I started contemplating of wether to breakeven immediately the trade hit 1:2 or reduce my rr to 1:3, that's devil speaking. The demon we face as traders. With lots of numbers coming up this week I knew it's gonna end well, made 1;18RR only this week, I must say that it can only be God.
I pray that Fed should continue to leave the interest rate without hiking, Bank of Japan wants to finish Yen.

Donsheddy:
THIS WEEK WASNT BAD... WE GO AGAIN NEXT WEEK...

5 trades this week.

Day 1 - 46 pips loss

Day 2 - 70 pips profit

Day 3 - 93 pips profit

Day 4 - 93 pips profit

Day 5- 46 pips loss

Total profits 70 + 93 + 93 = 256 pips profit

Total loss = 46 + 46 = 92 pips

Closing profit = 256 - 92 = 164pips profit

Risking 0.46 % per trade with 0.1 lots...

Profit for the week = 1.64%

Max. Profit attained this week. = 2.1%

Max loss in a row = -0.46 %

D. D from initial starting balance = - 0.46%

Man this big bosses don chop me finish on top your matter oo, abeg no vex oo, help me beg them too oo, we just dey rub each other back for here nii oo, no bad belle at all lols.

Your journal is clean and well detailed trader, enjoy you profits.

EmmanuelVi:

Man this big bosses don chop me finish on top your matter oo, abeg no vex oo, help me beg them too oo, we just dey rub each other back for here nii oo, no bad belle at all lols.

Your journal is clean and well detailed trader, enjoy you profits.

All love bro 😂😂
We no get beef oh...
Na learn we dey learn bro...

EmmanuelVi:


mmm..*sighs*...did even read any of my other comments or did you just come right out to throw a diss at me?
I don't even see where the guy in person mentioned that I "keep" attacking him (as you say).
I wonder who is throwing shades now.

Did you want to suffocate him ? Abegi loosen up small

Galleryeasy:
Did you want to suffocate him ? Abegi loosen up small

😁😁😁 E wan strangle me 😂

Galleryeasy:
Trading can be interesting, from last two weeks to last week, I took 5 positions and had 5 losses in a row , this thing has never happened for a very long time . I lost about
5.3%, I didn't question my strategy cuz I noticed that most of the lost trades could have ended being breakeven trades, I'm wired my mind in such a way that 1:5Rr or nothing.

This week came with lots of banger, took 4 positions on Gj and GU won all with at least 1:4RR, the problem I encountered this week was psychological problem due to previous loses, I started contemplating of wether to breakeven immediately the trade hit 1:2 or reduce my rr to 1:3, that's devil speaking. The demon we face as traders. With lots of numbers coming up this week I knew it's gonna end well, made 1;18RR only this week, I must say that it can only be God.
I pray that Fed should continue to leave the interest rate without hiking, Bank of Japan wants to finish Yen.

Odogwu! Man with the big balls

U mean u don't secure partial profits till your trade hit 1:4?

rainlover:
Odogwu! Man with the big balls

U mean u don't secure partial profits till your trade hit 1:4?

Swears na real odogwu... When i try 1:3 i know how hard e dey... Even 1:2 i dey sweat

Donsheddy:

Swears na real odogwu... When i try 1:3 i know how hard e dey... Even 1:2 i dey sweat

no be lie, but 1:4 sweet o
Just 1 TP will boost your balance o
Chaii but it takes extra balls to hold it

I know how painful it is to see trade go 1:2 and den reverse

Yesterday I caught 1:5RR on Gold.. my account Green.

I think good Risk to reward is an edge on it's a own o

PIPSMARSHALL:


Send d setup model here

okay
there's still time to enter this trade
especially eurcad sell

p.s at your own risk

rainlover:
Odogwu! Man with the big balls

U mean u don't secure partial profits till your trade hit 1:4?

I said it here before boss, I don't take partial or trail stops. I might decide to close it manually but it must be at least 1;4RR.. I didn't just come up with this mindset,it came as a result of years of backtesting. Normal thinking never wins the trading game Tom Hougard.

greatcheer:


okay
there's still time to enter this trade

I hail thee!! U be strong woman o. How do you manage these plenty positions??

Galleryeasy:
I said it here before boss, I don't take partial or trail stops. I might decide to close it manually but it must be at least 1;4RR.. I didn't just come up with this mindset,it came as a result of years of backtesting. Normal thinking never wins the trading game Tom Hougard.

I prostrate before thee boss.. your balls are huge. 😲

EmmanuelVi:

Yeah alright, "rhyme".
Rhymes enough to be recognised and tied to a similar pattern right? So that's the history for me.

I believe that's why you don't change your strategy every single time, cos, you're acticipating a repeat of what happened the last time.

Mark Twain was never a trader mind you, he was of the Academic world, you and I both know the MARKET is an entirely different setting.

The details change but the name remains the same and that is why history rhymes. There is a quote " Details matter", what is the point of me anticipating a bull market if i dont know the different bull patterns.


Mark Twain was not a trader but his words has being used by traders from time immemorial. Infact alot of things in life have being used by traders. Just like we have cycles in life e.g birth and death, we also have cycles in forex/stocks which is called business cycle. There are price fluctuations with your everyday goods and services in the market, the thing with forex/stockes trading is that you can see those price fluctuations on a chart.