djwalata:
GBP seems going down

kkins25:
so i blew 50% of my account yesterday and took it back to 40%. from my observations, a 100$ account doesn't give much room for being flexible in the markets since my SL has to always be tight. Nothing were wrong with my predictions of the direction of the market as i did my best to stick to the trend, but my next goal is to learn how to "enter" the market. it also amazes me how the pros in the house, pipsbaskets, meshpips, pipnator, saxy4c are able to keep track of a long list of trades. i often forget which trade setups i have prepared and have to start checking charts one by one. remarkable!!

kkins25:
so i blew 50% of my account yesterday and took it back to 40%. from my observations, a 100$ account doesn't give much room for being flexible in the markets since my SL has to always be tight. Nothing were wrong with my predictions of the direction of the market as i did my best to stick to the trend, but my next goal is to learn how to "enter" the market. it also amazes me how the pros in the house, pipsbaskets, meshpips, pipnator, saxy4c are able to keep track of a long list of trades. i often forget which trade setups i have prepared and have to start checking charts one by one. remarkable!!

kkins25:
so i blew 50% of my account yesterday and took it back to 40%. from my observations, a 100$ account doesn't give much room for being flexible in the markets since my SL has to always be tight. Nothing were wrong with my predictions of the direction of the market as i did my best to stick to the trend, but my next goal is to learn how to "enter" the market. it also amazes me how the pros in the house, pipsbaskets, meshpips, pipnator, saxy4c are able to keep track of a long list of trades. i often forget which trade setups i have prepared and have to start checking charts one by one. remarkable!!

Karleb:


This is why we have micro accounts.

If you are trading with anything less than $1,000 you should use micro account.

I remember when I was learning at babypips, the instructor said you shouldn't ever think of trading live if you don't have upto $1,000.

But these days, micro/nano/cent account came to the rescue. Sorry about your loss.

Karleb:


This is why we have micro accounts.

If you are trading with anything less than $1,000 you should use micro account.

I remember when I was learning at babypips, the instructor said you shouldn't ever think of trading live if you don't have upto $1,000.

But these days, micro/nano/cent account came to the rescue. Sorry about your loss.

kkins25:
so i blew 50% of my account yesterday and took it back to 40%. from my observations, a 100$ account doesn't give much room for being flexible in the markets since my SL has to always be tight. Nothing were wrong with my predictions of the direction of the market as i did my best to stick to the trend, but my next goal is to learn how to "enter" the market. it also amazes me how the pros in the house, pipsbaskets, meshpips, pipnator, saxy4c are able to keep track of a long list of trades. i often forget which trade setups i have prepared and have to start checking charts one by one. remarkable!!

Theyoungmaster:


what's the difference between micro, Nani and cent account? what are the advantages? Any disadvantages involved?

Pipsbasketings:
Contest semi-update - 3days to end of 1st trading period: Red everywhere
only 3 contesters might make it to the 2nd trading period.
Final 1st trading period results to be released on Friday (with monikers blurred)

kkins25:
Any ideas ??

Karleb:
Make una comment freely on this setup.

Benqozenero:


This is a pair of interest to me. I believe the next direction is to the north according to wave analysis.

but look to jump out if any 4hr candle breaks that support line.

Benqozenero:


This is the result of trying to make the highest percentage.

Take a look at the 2nd place person, ended overall in negative pips but used a high lot to meet the target. he was lucky this 1st period, would he be lucky in the 2nd, 3rd, 4th?
wishing everyone still in it the best. smile

TheYoda:
The competition is not about making a killing for 1 week or 1 month. It's about using it to ground yourself, to perfect your strategy, to work on your money management skills.

It's not about making 80% in 1 month, because in reality, some folks can make 100% in 1 week and lose 200% the following week.

The competition is about being a little consistent, with good money management, that way, 1 or 2-week bad market movement won't kill your account. Look at it as a marathon and not a sprint.

My take on it.

IMAliyu:
Idk. It looks to have broken below the 200ema on the daily tf.

I would wait for another 3-4days before thinking of shorting this

Karleb:
Make una comment freely on this setup.

Pipsbasketings:
Contest semi-update - 3days to end of 1st trading period: Red everywhere
only 3 contesters might make it to the 2nd trading period.
Final 1st trading period results to be released on Friday (with monikers blurred)

Pipsbasketings:
A disciplined trader will focus on the bi-weekly target and neglect running a race. This project is only for the disciplined and not the greedy.

You can make the highest % but not meet the requirement for the contest. Consistent little % income is what this business should be about and not a jackpot hit (all my previous posts prior to the contest state that all I look for in a month is just 6%, and I will be fine as far as it is consistent), and this is all that this contest depicts....See theyoda's contribution below

Benqozenero:




You are very correct Boss. Also remember that initially the reward is for 1st place alone.
Who doesn't want extra stew this Christmas, So as human it's normal to gun for the price and drop in discipline.
It's just normal human behaviour. Believe me, if it wasn't latter factored for 2nd and 3rd to get something, there would be no winner. Hehehehe.

Pipsbasketings:
A disciplined trader will focus on the bi-weekly target and neglect running a race. This project is only for the disciplined and not the greedy.

You can make the highest % but not meet the requirement for the contest. Consistent little % income is what this business should be about and not a jackpot hit (all my previous posts prior to the contest state that all I look for in a month is just 6%, and I will be fine as far as it is consistent), and this is all that this contest depicts....See theyoda's contribution below

15% bi-weekly equals 30% monthly.
Prior to the contest, the Majority here has mentioned that consistent 30% monthly income is very very possible (every month ooo) which was what gave birth to the contest.

Let's see how many would make it to the 2nd trading period which starts on Monday.

The keys to winning this contest, as I have figured out, are (1) Sound trading skills (2) Proper Risk/Money Management

IMAliyu:

I'm managing so far not to destroy the account.
But achieving this 15% is as difficult as I expected.