TheYoda:
Generally people dey very naive. People are generally sheep, they want to be told what to do, how to live their life.

I don't know Blackeuropean, but what he said here is just still what anybody can write here, oh i manage hedge fund. Example if hin say with capital base of 800,000,000$. Just this small word , people go don quick forgot how to use their brain , turn to slave one time.

This is why you have pastors telling followers to drink bleach, and you will see them drinking it

Blackeuropean might be, and might not be but you people should stop believing everything you read online.

Nothing against you bro.

Have a great weekend.

My brother, it's better you quit this skepticism of yours especially when there is no any form of financial threat to you.
What has information that Blackeuropean put up on this forum got to do with people's gullibility?
Do I believe everything he said ? Yes, why shouldn't I. Does that mean I am gullible? No.
That kind of caveat you put up there should go to fraudsters pretending to be traders not genuine people with good intentions to inform,help us.
If you're smart enough,you should be able to smell and dispel scam from small conversation.
This kind assumption of yours is discouraging and disrespectful.

Happy Sunday

us30 is doing good at the moment...

Shevychen2:

I don't use them boss.. But they have decent history.

Thanks Sir. Please i sent you a PM i would like to discuss something with you privately, it is quite important. Tks

Looking @ shorting cadjpy immediately market opens with a tight sl of 20pips

AK284
All good, all the big name, what have you gained? does smart talk give you any insight to trading better

Weekly Trade Setups Ideas & Chart Analysis By AyoII– Jan 19th - 24th, 2020

XAUUSD: BUY : PRICE PULLBACK TO 1555.14 level and 1555.14 & 1543.74 RESISTANCE ZONE WITH PINBAR.
TREND : STRONGLY BULLISH
KEY LEVEL : 1555.14, 1543.74, 1517.11 support & 1631.45, 1606.56 Resistance.
PRICE ACTION: A strong uptrend (Started Oct/Nov 2018) to the 1555.14 level, then price retraced back to 1448.87 level to take a breather before resuming back to recent high of 1631.45.
CURRENT NOTE : a pinbar has been formed at the 1555.14 level after the tussle between the Bears and the Bulls.
TRADE IDEA: look to Buy on Break of Pinbar or at 50% retracement of Pinbar whilst price remains above the 1555.14 Level.
CONFLUENCES : adding confluence to signal includes Trend, Horizontal Levels and Event Area on D1 and W1 Respectively
NOTE : past performance does not guarantee future success and this is my own view of the market. Do your own research and beware of the risk before taking any action.

Blackeuropean:


But as long as I'm watching on here at the moment, anyone that tried to mislead persons on here, I will imput my two cent to it.

And yeah I Trade with Saxo and Duka SA and VIP accounts and above, unless i want to help out investor or trader with moving forward, it's what it is.

The bolded part still gets to me. How in the world do you think a company will open an office in Ikoyi and be interested in only 50,000 subscription fees?

I asked both you and schevychen yesterday, what about companies that run this same model BUT refund your money in full AFTER you have passed their evaluation period?

Again I say, let's be balanced in our argument and reasoning. I truly really am not someone that cares too much whether you are a hedgefunder. I do not, and never will boot lick like many others on here.

I found out a long time ago, if you are good at what you do, the market presents a level playing field for one to rise along the ranks. There is absolutely no need to boot lick. If you say it wrongly, I will tell you to your very face.

To think thay this company set up their office on Norman Williams in Ikoyi just to collect 50,000 Naira from unsuspecting traders is an insult to the organization.

Someone came on here and posted an inaccurate figure saying blufx requires that you make 15% profit. Please that is a BIG lie!!!

Once you make 5% profit, you can place a withdrawal request.

Next, let's look at how simply one can make 5% as against the argument by @schevychen and @blackeuropen.

When you pay 50,000 Naira, you get the opportunity to trade a $25,000 account.

What is 5% of $25,000 ? That is $2,500 divided by 2 right? Which comes to $1,250.

If you trade at just $5/pip and make 100 pips, you already have $500 profit. Do this just 2 and a half times and you already have $1,250 as profit.

Many have complained about them not permitting you to hold trades overnight but that also is a BIG lie. If you want to be able to hold overnight positions, you need to pay about 120,000 Naira and will be given an account worth $50,000.

With the example I gave above, trading with $5/pip you only need to make 250 pips net profit for a withdrawal request to be placed. How difficult is it to make ordinary 250 pips in 22 trading days?

Once you make $1,250 and place a withdrawal, you will be paid 50% of that amount while blufx takes the remaining 50%. In essence, you will get a little over $600 as payment. Now convert $600 to Naira and then deduct your initial 50,000 Naira payment. You will still have well over 150,000 Naira.

My simple question: could you possibly make profit of over 150,000 Naira using only 50,000 Naira without over leveraging your account?

These guys help you trade within the confines of PROPER risk management and your return at the end of the month is worth it.

Again, I call for balance in our arguments and judgement making. You guys that are much more experienced should stop misleading the younger ones on here.

Let's put forth our views with proper balance please I beg everyone in this thread.

Thank you!

Optimisticgondy:
@meshpips.
I came here so that others won't fall for your stupid marketing that you're a professional, especially when 2 other people in an fxgroup I belong 2 claimed you burnt their accounts within few days too.
You burn people hard-earned money with no remorse, and so, you won't go scot-free

@optimisticgindy,

during that week, I made skrill exchange with you worth well over $1,500. If you had asked for me to pay, do you really think I won't have done so?

You told me that you will take it as a lesson, only for you to appear on Nairaland and type nonesense.

You have chosen to get your own pound of flesh by attempting to malign my persona here. Do you know how much you could pay as charges for libel? You are walking on very dangerous waters my brother.

I had sent you 50,000 Naira and still offered you an extra 100,000 Naira last week yet you arrogantly refused to accept.

I wonder what in the world you think. I offered to pay back about 75% of the said amount and you still dey form boss.

I dey wait for that thing wey you wan do.

Just always remember that you closed those trades without conferring with me and when I asked how you wish to get your fund back you said you will take it as a lesson. Having said that, your coming to Nairaland to type what you did is defamatory to my character and I can choose to sue you for libel.

You had better go to a learned colleague and have him explain some things to you.

^^I don't give a toss about those calculations. If forex was that easy, you won't be getting the insults from people you crashed their accounts.

"Ordinary 200 pips.." How many people can make it consistently monthly while maintaining the risk limits etc the Bluefx or whatever has set? If you are honestly saying that you don't see how it is attractive for a company to relax and swipe subscription fees in an industry where 90% WILL FAIL GUARANTEED after all these years... Man.

Do you know how much FXTM Nigeria alone makes off ignorant people? Lmao.

Anyway, nobody is a goat here. If you trust yourself and you have money to risk, give them and good luck.

Wetin concern me sef?

TheYoda:
AK284
All good, all the big name, what have you gained? does smart talk give you any insight to trading better

One wise man once says: if you want to be a mechanic, listen to the best mechanic
If you want to become an yam farmer listen to the best yam farmers,if you want to become a Fisherman listen to the best Fisherman.
Hope you understand what that means.
Why do think small investors pay as much as $3million to win a lunch auction with one of the most successful investor of all-time (Mr Warren Buffet).
Better you yield one of his famous advice too:Pay attention to the company you keep
Back in 2004, a 14-year-old asked Buffett what young people can do to set themselves up for success down the line.

“It’s better to hang out with people better than you,” Buffett said. “Pick out associates whose behavior is better than yours and you’ll drift in that direction.”

Buffett had backup from his vice chairman Charlie Munger, who added, ”If this gives you a little temporary unpopularity with your peer group, the hell with ’em.”
To your question: Yes I get a lot of insight from some big traders on this platform, there some that I will like to buy lunch for just to listen to there smart talk.

AK284:


One wise man once says: if you want to be a mechanic, listen to the best mechanic

good luck man .

Sir please permit me to kiss your bum bum small abeg, apart from being a pro demo trader I'm particularly attracted to smart arses as well, guided me for a long way

Since they are so certain about their possible success in such a venture, why don't they utilize that means by making some easy money that would save them from their past woes and the ones soon to come. Men like you would continue to be tainted on here because you see the truth and say it. The ugly few that get frustrated constantly in their efforts to swindle unsuspecting individuals would not relent in coming up with one vice or the other.

Bernie Madoff's office was in the choicest office space in the world, Manhattan. Kweku Adoboli of the UBS fraud was in high brow London, to just show you how low thinking certain people can get, the scam is already working on their greed.
Most traders that charge high figures for training, have never made one single withdrawal from a trading account, they feed on the gullible ones subscriptions, I can understand the resentment towards me by a few because I believe their plans to start off fake services have been put to a halt

I firmly stand that enfoid, FTMO, BLufx and the likes are all scam! No regulation, monthly subscription, propriety trade platform that can't be monitored, no evidence of the broker their money is kept with, then they give you 1:2 leverage for $25K? For the so called professional that doesn't know how to calculate. That is only 100USD on the normal 1:500 leverage that most common brokers give. Using 5lots on such an account means you only have to lose 20pips for the account to blow

Ladies and gentlemen, trade your 50k instead of dashing it to the thieves residing in one of the most high brow location in West Africa.

Shevychen2:
^^ If forex was that easy, you won't be getting the insults from people you crashed their accounts.

"Ordinary 200 pips.." How many people can make it consistently monthly while maintaining the risk limits etc the Bluefx or whatever has set? If you are honestly saying that you don't see how it is attractive for a company to relax and swipe subscription fees in an industry where 90% WILL FAIL GUARANTEED after all these years... Man.

meshpips:
Someone came on here and posted an inaccurate figure saying blufx requires that you make 15% profit. Please that is a BIG lie!!!

Once you make 5% profit, you can place a withdrawal request.

Next, let's look at how simply one can make 5% as against the argument by @schevychen and @blackeuropen.

When you pay 50,000 Naira, you get the opportunity to trade a $25,000 account.

What is 5% of $25,000 ? That is $2,500 divided by 2 right? Which comes to $1,250.

If you trade at just $5/pip and make 100 pips, you already have $500 profit. Do this just 2 and a half times and you already have $1,250 as profit.

Many have complained about them not permitting you to hold trades overnight but that also is a BIG lie. If you want to be able to hold overnight positions, you need to pay about 120,000 Naira and will be given an account worth $50,000.

With the example I gave above, trading with $5/pip you only need to make 250 pips net profit for a withdrawal request to be placed. How difficult is it to make ordinary 250 pips in 22 trading days?

Once you make $1,250 and place a withdrawal, you will be paid 50% of that amount while blufx takes the remaining 50%. In essence, you will get a little over $600 as payment. Now convert $600 to Naira and then deduct your initial 50,000 Naira payment. You will still have well over 150,000 Naira.

My simple question: could you possibly make profit of over 150,000 Naira using only 50,000 Naira without over leveraging your account?

These guys help you trade within the confines of PROPER risk management and your return at the end of the month is worth it.

Again, I call for balance in our arguments and judgement making. You guys that are much more experienced should stop misleading the younger ones on here.

Let's put forth our views with proper balance please I beg everyone in this thread.

Thank you!

@ the bolded

From BluFx video this is their exact statement"profit Target of 5% blocks are independent of growth Target of 10%"
I don't know the school you went to but by my own understanding that's 15%.
If you're are experienced enough you should know making 10%-15% with a leverage of 1:3 will not be funny without over trading realistically. Considering no night trades/overnight position for stage one $25000.
Sometimes I wonder are you just trying to argue for fun of argument, or you far from reality or both.
If this is quite easy as you claim, I was expecting some kind of testimony from you like: I made or my boys made like $1500 from BluFX according to your simple arithmetics.

Shevychen2:
^^I don't give a toss about those calculations. If forex was that easy, you won't be getting the insults from people you crashed their accounts.

"Ordinary 200 pips.." How many people can make it consistently monthly while maintaining the risk limits etc the Bluefx or whatever has set? If you are honestly saying that you don't see how it is attractive for a company to relax and swipe subscription fees in an industry where 90% WILL FAIL GUARANTEED after all these years... Man.

Bro, when I say ORDINARY 200 pips, I mean EXACTLY what I say. I took this trade in the presence of everyone here. Check the accuracy on entry and just in case your optical organs wanna play tricks on you, that is ONE HUNDRED AND SEVENTY THREE pips on that trade made in ONE DAY. Of course you can do a little re - adjustment because the counter currency is NZD and still come up with over 103 pips, When I call 250 pips ordinary, I know exactly what I am saying!!!

I play by a different set of rules!

AK284:



@ the bolded

From there video this is there exact statement"profit Target of 5% blocks are independent of growth Target of 10%"
I don't know the school you went to but by my own understanding that's 15%.
If you're are experienced enough you should know making 10%-15% with a leverage of 1:3 will not be funny without over trading realistically. Considering no night trades/overnight position for stage one $25000.
Sometimes I wonder are you just trying to argue for fun of argument, or you far from reality or both.
If this is quite easy as you claim, I was expecting some kind of testimony from you like: I made or my boys made like $1500 from BluFX according to your simple arithmetics.

Please stop sounding like a mediocre. What is the average daily range for GBPUSD? If you can manage to take out just 50% of that amount daily, you will hit or surpass 250 pips in just one week.

Regarding the bolded, I think I should be the one wondering which kinda school you went to. In anyway, I will help your ignorance. There is a separate growth plan where you are required to make 10% without withdrawal and then have your account size doubled. This will continue until you are allocated $1 million and then you become one of their hedge fund trader.

If there is something you do not understand, better for you to ask and have answers given to you. Instead of coming on public space to exhibit your ignorance that is laced with arrogance.

AK284:

@ the bolded From there video this is there exact statement "profit Target of 5% blocks are independent of growth Target of 10%"

Uncle please help us by deleting a lot of the text you want to quote and leave just what you intend to highlight. This would save us reading a lot of rubbish twice

meshpips:


Bro, when I say ORDINARY 200 pips, I mean EXACTLY what I say. I took this trade in the presence of everyone here. Check the accuracy on entry and just in case your optical organs wanna play tricks on you, that is ONE HUNDRED AND SEVENTY THREE pips on that trade made in ONE DAY. Of course you can do a little re - adjustment because the counter currency is NZD and still come up with over 103 pips, When I call 250 pips ordinary, I know exactly what I am saying!!!

I play by a different set of rules!

Ordinary 200 pips you say and you feed on people giving you their money to trade. No wonder u AV no headway in this biz. U are just a nuisance making noise with nothing to show for your big talk.. Rubbish

ejosh4:

Ordinary 200 pips you say and you feed on people giving you their money to trade. No wonder u AV no headway in this biz. U are just a nuisance making noise with nothing to show for your big talk.. Rubbish

Trading on behalf of clients was a level of life that I once operated at. Now, things have changed and are far better such that I no longer need to deal with funds from individuals.

You can choose to remain at that stage of my life and keep nursing your bitterness. Me don pass that level by far now.

meshpips:


Trading on behalf of clients was a level of life that I once operated at. Now, things have changed and are far better such that I no longer need to deal with funds from individuals.

You can choose to remain at that stage of my life and keep nursing your bitterness. Me don pass that level by far now.

Hallelujah somebody

saxy4c:
Sir please permit me to kiss your bum bum small abeg, apart from being a pro demo trader I'm particularly attracted to smart arses as well, guided me for a long away

Since they are so certain about their possible success in such a venture, why don't they utilize that means by making some easy money that would save them from their past woes and the ones soon to come. Men like you would continue to be tainted on here because you see the truth and say it. The ugly few that get frustrated constantly in their efforts to swindle unsuspecting individuals would not relent in coming up with one vice or the other.

Bernie Madoff's office was in the choicest office space in the world, Manhattan. Kweku Adoboli of the UBS fraud was in high brow London, to just show you how low thinking certain people can get, the scam is already working on their greed.
Most traders that charge high figures for training, have never made one single withdrawal from a trading account, they feed on the gullible ones subscriptions, I can understand the resentment towards me by a few because I believe their plans to start off fake services have been put to a halt

I firmly stand that enfoid, FTMO, BLufx and the likes are all scam! No regulation, monthly subscription, propriety trade platform that can't be monitored, no evidence of the broker their money is kept with, then they give you 1:2 leverage for $25K? For the so called professional that doesn't know how to calculate. That is only 100USD on the normal 1:500 leverage that most common brokers give. Using 5lots on such an account means you only have to lose 20pips for the account to blow

Ladies and gentlemen, trade your 50k instead of dashing it to the thieves residing in one of the most high brow location in West Africa.

Why will anyone wanna give 50k or 120k as subscription to trade a so called big account with a leverage of 1:2 when the same 120k(about 400$) can be carefully build up for a year while also learning consistency... Na wa for people ooo

saxy4c:

Uncle please help us by deleting a lot of the text you want to quote and leave just what you intend to highlight. This would save us reading a lot of rubbish twice

Look like you are confused about something?

Observation continues.

, nah, was only trying to say you could cut out a whole lot of the clutter from his response then write your response so we don't have to read his response all over again before we see your write up, you get?

AK284:


Look like you confused about something?

I can see only about 10% of traders are having trading challenges in here. The other 90% are doing so well they can't help but show off. We have completely reversed the statistics. We try!

We are crashing accounts and still making noise, we are in big forex debt yet we are not yet humble. From the day you started trading still date, you are on serious negative yet you can't hide yourself and work on yourself. Lets just keep deceiving ourselves. But for Newbies in here, hear the truth, many persons in here are in serious debts and problem caused by forex yet they pose as professionals. Many in here are not successful at the end of the month yet they fake it. Don't get deceived

saxy4c:
, nah, was only trying to say you could cut out a whole lot of the clutter from his response then write your response so we don't have to read his response all over again before we see your write up, you get?

Yes sir

Let talk about this market analysis my brother

I'm looking at a pull back in Gold as I'm following the megaphone pattern it seems to be creating before it goes much higher.
For entry, would be looking for sells on a slight retrace back to that channel top,when the market opens, for targets around the 1515 level.
Attaching what I see on the charts and an example of a megaphone pattern which occurs a lot on the charts.

AK284:
Let talk about this market analysis my brother

teemy:
Once again for newbies, apart from baby Pips school classes, watch these videos


https://www.youtube.com/watch?v=u-tOh5FREsQ&list=PL3fKm29WxlbCj4lwo5yD082vfbJ8BzHBO&index=1

Bro,pls where can I access this full video? Really enjoyed this short clips.will like to venture well into Forest this year.

May I ask how the channel on your chart originated?

AyoII:
XAUUSD: BUY : PRICE PULLBACK TO 1555.14 level and 1555.14 & 1543.74 RESISTANCE ZONE WITH PINBAR.

GU correction should continue down 2820 to complete wave C. The final impulse wave had peaked at 3515; impulse wave A bottomed at 2903; corrective wave B capped at 3283; impulse wave C is expected to surpass wave A (2903) to move to the region of 2809. and 2820.

All correction must Nott drop below 2762 which is the low of corrective wave 4.

Market focus
EUR/AUD
Price has the tendency to hit 1.62300 area b/4 heading straight down below around 1.5987
The bias is bear market