docus:


IC markets no longer accept nigerians, i tried opening with them

toomush:


What do you think about these brokers, tickmill, pepperstone, tallinex, axitrader.

Pipsbasketings:
Yes bro, I checked the W1. It would have been a very excellent buy but two things

1. The pin candle that formed last week made it indecisive.
2. Why look at W1 to trade, if you do it means that you may not go out of a trade even after about 7-8 candles, that is about 3months in a trade,
it's too much. Moreover, a strong buy may show on W1 while I see a sell on D1, I am entitled to sell because I can get about 7 sell candles on D1 which is just a week candle in your case. Don't forget that by me doing this, I could sometimes earn about 700 pips or more just on D1.

redsox11:
Not for NEWBIES. Won't be held responsible for any mishap.

Some fun game to play with people that's got experience and balls of steel. Originally from R2R;

The Math R:R 1:2.... 9 wining trades. doesn't have to be straight wins.

You get the point? As long as you get those 9 Net Winning Trades, you will make a 100,000% gain. Of course not losing streak.

T1 -Balance $100 - Risk $50 - Take Profit $100
T2 -Balance $200 - Risk $100 - Take Profit $200
T3 -Balance $400 - Risk $200 - Take Profit $400
T4 -Balance $800 - Risk $400 - Take Profit $800
T5 -Balance $1600 - Risk $800 - Take Profit $1600

T6 -Balance $3200 - Risk $1600 - Take Profit $3200
T7 -Balance $6400 - Risk $3200 - Take Profit $6400
T8 -Balance $12800 - Risk $6400 - Take Profit $12800
T9 -Balance $25600 - Risk $12800 - Take Profit $25600

Which totals = Balance $51200


When you use a 50% stop loss and 100% take profit, a losing trade will only cause you to lose the profit you made on the last trade. When you scale your leverage down to compensate for the loss, a winning trade will get you back to where you were before the last trade.

redsox11:

YESpParticipant:
I've patiently read through this thread from page 1 to d end. It's d most resourceful thread I have read on NL.


Cc:
pipsbasketings
wamiikechukwu
priceaction
bigbasho
teemy
incredibleace
redsox11
unclenna and others


You guys rock!
I look forward to learning profitable forex trading from you guys soon.
peace!!

nennin:
Thanks bro for this info. chai all this [b]ARAB BROKERS[/b]that is sucking traders account like sucking blood.

wuyexzy:
oga pipsb kindly have a look at the weekly, seems like an upward move is brewing? Thanks.

redsox11:

teemy:


I have a similar calculation but one which does not place too much risk on the account. First saw the analysis on Traders Secret Society owned by Marc Mcrae (If I got the name right)

Starting balance $250 account doubling every month over the space of a year.

Start $250
January ending - $500
February ending - $1,000
March ending - $2,000
April ending - $4,000
.
.
.
December ending - $1,024,000


Wishing you well - Teemy

Haven't heard of the society. Good idea but I can tell you for sure this is Sooooooo difficult to achieve, aiming for 100% every month also suggest blow your account in a month.

Mine is more of a challenge, no one should trade his/her real account that way. Mine is just 9 net wins, can't even compare to yours. I won't even attempt yours because I think it's very difficult and only few people in this world can attain it. I can't realistic say % I'll attain at the end of the month, I just follow the market.

So are you working on this right now?

Ps: Why are you guys selling U/J now , I need it to close bullish, so I can sell the sh*t out of it tomorrow and make boat loads of $$$... Please help push it back up

redsox11:

incredibleace:


when I started I tried a lot of strategy and systems like renko bars, MACD, heiken ashi with EMA, CCI, RSI, I made profit but I wasn't consistent.

but somehow I kept coming across price action trading, I actually learnt a lot until someone mentioned captain jack on this thread(it caught my attention). so far my trading have improved since then.

redsox11:


Haven't heard of the society. Good idea but I can tell you for sure this is Sooooooo difficult to achieve, aiming for 100% every month also suggest blow your account in a month.

Mine is more of a challenge, no one should trade his/her real account that way. Mine is just 9 net wins, can't even compare to yours. I won't even attempt yours because I think it's very difficult and only few people in this world can attain it. I can't realistic say % I'll attain at the end of the month, I just follow the market.

So are you working on this right now?

Ps: Why are you guys selling U/J now , I need it to close bullish, so I can sell the sh*t out of it tomorrow and make boat loads of $$$... Please help push it back up

incredibleace:
GBPCHF 150+ pips
GBPUSD 100+ pips

Good trade you've got there, I'm still in those too, entered little earlier.
Do you ever stack trades? I've heard that's where the money is.


I need to set up a demo account to work something out and see what I'm comfortable with.

Ps: Just set up a sub live account for my 9 net wins challenge. Nobody want to join here? it's just tiny 100$ challenge
I'll only be entering my A++ set up, bad thing is that those don't appear frequently enough.
Set up with 10-20 pips max. I'll be aiming for anything 80-200 pips.
Challenge requires only 1:2 RR.

incredibleace:


I have heard about the 100% monthly system, but I prefer the 9 net wins. to me its do-able currently. I just need to take my time and pick very nice entries with a high win rate

You see why we have to stack trades lol I know I can't be like CJ but I need to be better mehn... So much room for improvement. See all the space just empty. It's terrible. I need to work on it on demo and transfer it to my real account.

wamiikechukwu:
guys look at USDCAD, i had to close my open position, i think a reversal is booming

What did you see? I can't see anything yet... I'll buy back at cheap price, I need it to drop so that I can buy back

redsox11:


Haven't heard of the society. Good idea but I can tell you for sure this is Sooooooo difficult to achieve, aiming for 100% every month also suggest blow your account in a month.

Mine is more of a challenge, no one should trade his/her real account that way. Mine is just 9 net wins, can't even compare to yours. I won't even attempt yours because I think it's very difficult and only few people in this world can attain it. I can't realistic say % I'll attain at the end of the month, I just follow the market.

So are you working on this right now?

Ps: Why are you guys selling U/J now , I need it to close bullish, so I can sell the sh*t out of it tomorrow and make boat loads of $$$... Please help push it back up

teemy:

The group is an old school site by Mark McRae of Surefire Trading Challenge. Maybe defunct now. (Actually Nigeria was kicked out after a while due to ...)

30% daily. Once reached I can move on to 60%.

redsox11:


Good trade you've got there, I'm still in those too, entered little earlier.
Do you ever stack trades? I've heard that's where the money is.


I need to set up a demo account to work something out and see what I'm comfortable with.

Ps: Just set up a sub live account for my 9 net wins challenge. Nobody want to join here? it's just tiny 100$ challenge
I'll only be entering my A++ set up, bad thing is that those don't appear frequently enough.
Set up with 10-20 pips max. I'll be aiming for anything 80-200 pips.
Challenge requires only 1:2 RR.

You guys should wish me luck

Any pointers for me before I go ahead with my challenge?

wamiikechukwu:
guys look at USDCAD, i had to close my open position, i think a reversal is booming

redsox11:
Due to what? us being too good to handle huh?

You're doing 30% daily in your trading? I'm not sure I follow.

redsox11:


You see why we have to stack trades lol I know I can't be like CJ but I need to be better mehn... So much room for improvement. See all the space just empty. It's terrible. I need to work on it on demo and transfer it to my real account.

teemy:
Actually most nigerian traders can produce double an account in a month and even weekly. the problem has always been consistency. My formular is just one way to work on one's targets and achieving them in an easy to work timeline.

incredibleace:


what you said is true, is all about consistency

teemy:

I was once under those types of stress for so long a time. Members here that started this thread in January would remember my saying I have a target to start trading by mid year after ensuring my power supply issue was totally resolved. By mid year I was fully solar powered.

Right now I have another milestone; suspending live except on play accounts and concentrating on demo and contests till January 2018. I would be using those to achieve my 30% consistency for 3 months before targeting 30% on live and shifting the demo accounts for 60% targets. That way I would have built my confidence using demo to achieve targets before putting good money on the line.

Another thing that causes stress is trading other people's money and having a risk of loss. someone with a conscience would surely be drained and fear and uncertainty would ensure the account runs down which is when the eyes will clear.

For now everything is looking good for me and I plan to keep it that way.