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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts / Discussions: Season 24 (277570 Views)
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Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 12:25pm On Feb 03 |
friendbee: ππππ |
Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 12:28pm On Feb 03 |
Davigled: Nice. Hopefully, you will scale tru. But you need to slow down. It appears you are stressing yourself too much with those complicated fundamental jargons. Keep it so simple. It is not as hard as you are making it. Slow down. Keep it simple. You have got some great skills. Modified, take it slow. You have got years ahead of you. How I wished we have all the resources and socialization when we started then in 2007. Your years are going to be bright and rewarding in this ventures. But slow down so frustration do not kick you out. My eyes have seen brilliant minds come and go. Do not be one. Please 3 Likes 2 Shares |
Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 12:30pm On Feb 03 |
Kaybee7000: I barely use the laptop too. I can't remember the last time I did. Chart views are great on laptop but I don't just know how. Phone just got me too. Maybe the ease sha and mobility/ accessibility |
Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 12:34pm On Feb 03 |
On a weekend, you need to review your trades. Look for the why's and try to back test as much as possible too. Weekly time frame should be your focus first and then daily. It is only someone that keeps it simple that will be able to see that gu has been stucked for the pass nine weeks. And your experience and how the candles are playing on the 4H will tell you what to do. Risk mgt will not let you cry even when your trade hit SL. Patience will keep you going even with the nine weeks range. Modified : When I looked at those GU charts I upload. I see helpful information. I see how bear move in one day to clear bull move of days, I see bear wanting to test a level even thou we are in uptrend from 1.03** 7 Likes 1 Share
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Re: Forex Trade Alerts / Discussions: Season 24 by realone12(m): 12:34pm On Feb 03 |
Peejayz:village people strong Sha.. sorry oh |
Re: Forex Trade Alerts / Discussions: Season 24 by letuak(m): 12:36pm On Feb 03 |
infofirst: Nice one,highly inspirational. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 12:39pm On Feb 03 |
I think having a trade explorer should be must going forward (either myfxbook or forexfactory), as this will definitely help a trader to better track your performance. |
Re: Forex Trade Alerts / Discussions: Season 24 by nzechu(m): 12:42pm On Feb 03 |
DCroc:I think your first statement is wrong and I wud appeal that u withdraw it. Will u also blame other donors here whose accounts were blown by beneficiaries. If u like be trading for 3 years if u will blow account u will blow it. Let's not discourage donors with remarks like this. Forex is risky. 4 Likes 2 Shares |
Re: Forex Trade Alerts / Discussions: Season 24 by nzechu(m): 12:44pm On Feb 03 |
realone12:I am telling u |
Re: Forex Trade Alerts / Discussions: Season 24 by dmahn(m): 12:52pm On Feb 03 |
infofirst: Lost my 5ers account with just 2 trades. I activated a destructive mode of he wan blow make he blow at least I have a plan B.. and it's blown my body come calm down . I lost discipline entirely that day. Alpha capita is in 5% DD.. I almost lost that one too due to anger. My real 10k challenge account is up 1% from 3% DD..I got it last year June.. I abandon it for months trying to pass the free accounts bacause I thought I should be trading without emotion cause I didn't purchase it with my money, but the reverse is the case, I've been so reckless with the free accounts. Indiscipline is the problem here, Not the market 3 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by rhynoemmie(m): 12:53pm On Feb 03 |
rhynoemmie: Sl kissed on both pairs. E b tins |
Re: Forex Trade Alerts / Discussions: Season 24 by RUGGEDWEAVER(m): 12:57pm On Feb 03 |
Sweet kiss ππ rhynoemmie: 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 1:00pm On Feb 03 |
dmahn: Brilliant. It is fine to be in DD. It is a sign you are not indiscipline. It is fine to struggle with passing the accounts. It is okay to breach an account gradually. Every successful traders passed tru it. It is not okay to just breach account in few days or hitting 5% in a day on a prop acct. It is sign of indiscipline. Not news, not market, not broker. Glad you accepted responsibility. I hope you will take your remaining account wit the seriousness they deserved. 4 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by greatcheer(f): 1:07pm On Feb 03 |
infofirst: Ah Boss since 2007.. RESPECT |
Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 1:08pm On Feb 03 |
infofirst: The conclusion of the whole matter 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by greatcheer(f): 1:08pm On Feb 03 |
nzechu: word |
Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 1:08pm On Feb 03 |
infofirst:Sharp... |
Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 1:17pm On Feb 03 |
greatcheer: ππππππ Where are you then? |
Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 1:18pm On Feb 03 |
infofirst: 2007 no be today oh.... I still dey jss2 then π 1 Like 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 1:23pm On Feb 03 |
We preach patience everyday but we still go back to do the same thing..... To me i just feel like im just starting to learn how to trade honestly.... Last year taught me alotttttt..... You see that word discipline and patience thats the key to growth Normal me with how horrible the market was last month.... My account went into DD and came back to Break Even.... If na before all my accounts for don dey swim in 5% DD or loss... But the deepest it went was 1%,...... The losses will come and the profit will also come 3 Likes 2 Shares |
Re: Forex Trade Alerts / Discussions: Season 24 by TradingGod: 1:25pm On Feb 03 |
infofirst: 1 Like
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Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 1:32pm On Feb 03 |
Donsheddy: Chai na aunty you be sef, me ah don't know wether na indomie generation I belong too abi na gen z ah belong too 2007 ah dey primary 2 then ππππππ. Omo na small pikin I be for here ooo |
Re: Forex Trade Alerts / Discussions: Season 24 by Fibonacci88: 1:40pm On Feb 03 |
infofirst:This are serious questions. I blew my alpha 5k acc the same month I lost my 5%er funded acc. I used the vexation of losing the 5er to revenge the alpha capital acc. I had to tell myself that my biggest problem in this business is keeping emotion in check and staying discipline. My 5ers bootcamp is still in phase 1 I told myself even if it's one year it takes to pass I no mind. Acc has been in and out of drawdown but am optimistic that with the right attitude I can make it to payout. My phase two flash funding acc was in drawdown after my first two trades on Thursday. I just had to uninstall mt5 take a break to resume on Tuesday or Wednesday. I knew if I continued trading emotions my take the better of me. All in all this 2024 we have to be deliberate about making ourselves better traders. 3 Likes 2 Shares |
Re: Forex Trade Alerts / Discussions: Season 24 by VeeVeeMyLuv(m): 1:47pm On Feb 03 |
infofirst:Thank you Boss πππ for revealing a little bit of the " know how " Simple and short You have said it all This is really professional. Top notch. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 1:50pm On Feb 03 |
Donsheddy: Honestly, you are absolutely right, I won't lie some of the mistakes that I personally made was due to impatience. most times I trade what I think and not what I see. at times I forced trades because I feel the market should reward me for my hard work. I feel the market suppose to reward me for hour's of study and research that I put it in whereas it doesn't always work out. my impatience stems from thinking that I can maybe sometimes get lucky and outsmart the market, and thereby get myself out of my present predicament. But the market always humbles me and forcefully reminds me of the need to be patient. last month was pretty rough for me and I decided to link my account to a trade explorer, I saw that I had made a total of 151 trades of which 50 were winners and 111 were losers, I had a 31% win rate, my maximum overall drawdown was 2.4%. I truly realize that proper risk management saves a whole lot, I also traded news throughout last week and I can tell you that I lost many of the trades I took, but I'm still standing. I realized I am not good as I taught I was. but if I can continue to maintain proper risk management in all my trades , things will definitely turn out good. 4 Likes 2 Shares |
Re: Forex Trade Alerts / Discussions: Season 24 by abham: 2:17pm On Feb 03 |
2 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by greatcheer(f): 2:30pm On Feb 03 |
infofirst: πππππcampus that means there's hope then. no giving up |
Re: Forex Trade Alerts / Discussions: Season 24 by realone12(m): 2:36pm On Feb 03 |
Davigled:swear this whole thing tire me.. if I become impatient and get on trades early, the market never fail to punish me.. a very Massive reversal occurs to rubbish my analysis and projection almost immediately and went direct for my stop loss,. when I become patient and wait for everything to play out before taking a trade, I ended up entering too late. failing to catch the big move.. and these thing could easily mess with your psychology. I guess we will never fully master psychology 1 Like 2 Shares |
Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 3:07pm On Feb 03 |
realone12: Boss, I don't think entries are down to psychology I think it's down to something we don't quite understand yet or sth that is best seen on a lower/higher timeframe. |
Re: Forex Trade Alerts / Discussions: Season 24 by abham: 3:39pm On Feb 03 |
1 Like 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by abham: 3:40pm On Feb 03 |
Re: Forex Trade Alerts / Discussions: Season 24 by PriceActionZ: 4:00pm On Feb 03 |
infofirst:Can't say less bro. Nothing much to add. Personally I didn't take all these props and challenges serious cos I saw them as wasting time until I rejoined this thread and nl again recently and saw testimonies. I always focus on normal trading of brokers. But now seems money will go round wella soon. Me self , 90 percent of my trading is UsdJpy as I have said it here. Newbies jumping from pair to pair will fail., they never master Forex pairs finish , na to jump to indices and metals. mmmm. failure promax. No 2 way to it sir. I hate repeating same advice again and again. 3 Likes |
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