NewStats: 3,265,133 , 8,185,752 topics. Date: Friday, 13 June 2025 at 03:19 PM 6m2x1h

collitexnaira:
Hotforex are fuk**ng manipulators. They manipulated my trade during the 4pm New release

I had a gold sell which was already in profit. So I adjusted my SL because of the News, I placed my SL at 2048.89, even if my SL is hit I will make 70usd.

To my surprise, immediately the New was released my SL was hit, I checked my profit and saw just 10.4usd. I then I check my Trade history and I realised they automatically adjusted my SL to 2052.50, which made me lost most of my profit.

Please guys is this normal during news release

Yes, your Stop hit so fast that there was no one at that level to pair your order with so they have to pair your sell order with the next available buyer.

Davigled:
Good morning fams, and a happy merry new month to you all. today is Friday, and I won't be trading today, I just want to talk about my performance for the month of February, I'd say my performance in the month of February was better than January and this time around, fortunately for me, I did not end up blowing all my profits, but I must confess that I am a bit disappointed with myself. my goal for the propfirms monthly competition is to see whether I can consistently hit 10% every month, well I did it in January but I ended up blowing all my profits due to overtrading. I ended January at break even. at least I wasn't disqualified and that meant something to me. I also hit 10% on all 3 of my competition s, but I still couldn't hold on to my profits because of my nemesis aka overtrading. in the first week of February, I actually hit 10% within 2 days of trading, and I did not gambled if you're wondering, I actually do pyramid into a trade that I am very confident about and it played out accordingly. I was euphoric and I began to gun for 20%, unfortunately I over traded in the second week of February and I lost about 60-70% of my profits made in the first week, that really humbled me psychologically and also emotionally. so I consciously made up my mind to cut down on the trades I took, the third and fourth week of February were pretty good, because I slowly recovered all the losses I incurred in the second week and ended up back at 11%, but unfortunately this week was kind of a stalemate or a pretty bad week as I ended up losing 2% of my profits and ended the month at 9%. I must confess that I am sad that I couldn't hold on to my 10% for the second time again. there are also certain issues that I have note in my trading and I humbly seek the house guidance on it;

1. Overtrading seems to be my biggest nemesis, I went through my trade explorer and viewed my trade statistics for Feb on my Fundednext competition , I had a total trade of 72 of which 48 where lossing trades and 24 were winning trades, my win rate is 33%, total profits were 29000, total losses were 20000, hence net profit 9000. looking at this stats, I realized that if and only if I could have cut down on the number of trades that I take and really focused on quality set up, then my performance could have been better. although I have started a regimen on tackling this problem at hand and that is to strictly trade Tuesday, Wednesday and Thursday only, every week that's strictly trading 3 days in a week. secondly keeping my daily drawdown at 2% daily, since I risk only 0.5% per trade, that means maximum of 4 trades per day ( two two for the two pairs I trade).

2. Greed: I think this issue is a bit tricky as I'm not sure if it's my greed that hampers my performance at times or maybe it's poor trade management. one of the biggest challenges for me this month was seeing having profitable trades that ended up in losses. that really really got to me. there were countless times I had winning trades that were up 100 pips plus but I refused to close the trades because I was waiting for it to hit tp which always end up hitting my stoploss. my trading risk rewards which I mostly aim towards to is 1:4 or 1:3, but recently I have been thinking of sticking to 1:2 RR. unfortunately my greed won't let me stick to it, I just feel like 1:2 is isn't satisfactory to me, I am confused and conflicted about it.

3. Lastly, I still struggle with indiscipline, as there are times that I succumb to temptations of breaking my rules. like last week, I wasn't supposed to trade on Friday, I broke the rule and end up losing 1%, on Thursday mid morning at around 2am, I was awake and I checked the charts during asian session which I don't trade, saw a very tempting set-up which I took with the hope of making a bad ass killing from RR perspective, long story short, it flopped and I lost another 1%. Lord knows that I beat myself up for breaking my rules at times but I still end up doing it, although I don't break my rules frequently as I used to do before, but I feel like should have gotten to a stage or level where I ought not to break my rules.

So overall, Feb for me wasn't too bad at all, I'm $35 away from BE on my 5%ers, Fundednext Feb comp 9%, TFT Feb comp 6.5%, and unfortunately SFT 1.8%. Now at the start of the month my performance on Fundednext, TFT and SFT, were the same, but along the lines it began to diverge due to some lapses. I noted that it's not easy trading multiple s without a trade copier, there times I get sloppy entries on my other s because when, I enter a trades on one , by the time I logged in to the other s, price had already moved. I also notice discrepancies in the pricing feed between brokers, there are times that I set limit others, which may get triggered on one and may not be triggered on the other s. All this affected my performance across all s and as for the SFT, I actually gambled on it this week, due to the fact that it's the end of the month and it seems to be the least performing , so I decided to take some big shots on it if it would be in my favor, sadly it didn't.

I'll stop here because I seem to have written quite a long post, but I want to thank everyone here on the community for the value that they keep adding here, I wasn't as good as I am now early last year, but I am much more better than before, I know I am not a good trader but I am seeing progress in my trading journey. I am happy and grateful for having a community that I can commit to and also be able to. pls elders in the house do not hesitate to advise, onish or scold me, as always, I am willing to learn. cheers

Nice stats.
Keep up with the beautiful work 👌👌👌

agentarcher:
He should step down then. I'm very sure Federal government has never owed him state allocation. He should explain how he has been spending the money. If he loves his people, then cut all state head personnel funding by 50%. Create a social welfare platform directed at helping only those who can not afford the basis food needs, or use that money to subsidize food sales in his state.

Your mind no go touch ground !!.

omowolewa:


CBN is withdrawing monies inncirculatuon by making it difficult for banks to push monies to circulation

Couldn't be more wrong !!

Too clean to be left untouched.

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Davigle:


First of all I come in peace...
the problem with most ICT students is that they are too toxic and act like savages. I am also an ICT student too and one of my fundamentals mentor trades supply and demand, infact his favorite chart pattern is flags and he is pretty damn good at it, but I personally don't trade flags as my trade style is ICT 2022 mentorship but despite the difference in our technical discipline I still learn from my mentor. And even Michael Huddleston my ICT mentor and teacher has said to his students that they do not need to implement all his models or concepts to be profitable, they only need to pick one of his concepts or find something that repeats everyday in the market to be successful. if ICT himself with all his wisdom and experience emphasize on the importance of sticking to things or patterns that repeats everyday in the markets, then who am I to argue with anyone who has found a pattern that he/she has consistently be profitable with. There are many roads that lead to Rome, the ultimate goal of every trader which we all can agree on is to be profitable irrespective of what method you use. I trade ICT concepts because it is where I find my own consistency, I have tried other concepts and I couldn't succeed with them especially and resistance, I hated it with ion because I felt it was way too subjective, but ICT concepts was easy for me to understand and implement when I study it, would I then say that anyone who trades and resistance is an unprofitable trader when we have evidences of exceptional traders like Dapo Willis and peteregwu. pls let's stop being controversial. A martial arts master said and I quote, it is not the fighting style that matters in a fight but the skill of the fighter that matters, a fighter is only as good as his skill is... cheers

ICT don't trade patterns, it's called "PD ARRAY's" and it's applied to time (his edge).

You mean Peter that shorted BTC to $10K.....LoL, am not saying BTC can't get to $10K,but it need strong fundamental reason to drive it there which currently we don't have any.

Or the DAPO that mess up himself at Riz interview ?

And I don't telling anyone here I trade ICT ?.

Ooh before I forget, "the only thing that repeats itself everyday in chart is called time not your harmonic patterns".....LoL....

Thunday1005:
Helping as how ?
Go back to the beginning of the conversion, I said you get your EDGE by trading DEMO but you said no, then I asked you which way you started defining EDGE and bringing up STATISTICAL bla bla bla

Rest Son.

My post will help someone else.

Nwadaka:
Michael ICT don mess up with ya brain .. The biggest traders I have ever seen ,ranging from Future trading, Forex,Stock and Crypto don't even know what is ICT.They all focus on particular patterns with repetitive mindset and habits. I wish you know about Chris Carreon( Trading the BoX). The most important thing is making money, are you making money by the way?

I don't telling you I trade ICT ?

For those bringing in Gabson to this convo,
Dude is a strong momentum/breakout & trend follower on the HTF not your average retail rags, taking trade on purely charts pattern and some ragtag lagging indicators.

This morning gold is bullish the next hour I think is turning bearish.......LoL.....

Peterfx01:
not true, there are few who add something extra to reading chart patterns and are making It work I'm a proof to that

I agree 💯

XAUTrader4L2:
I don't trade chart patterns but looking at the retest and rejection of this broken triangle while waiting for confirmation of a lower high is interesting.

Is still pattern trading.

And one thing I know is 100% are losing money (on the long run)

Thunday1005:
So you get your personal edge statistics from books not trading?

LoL...

I thought I was helping someone.
Lazzy ass I just dropped an homework for you.

.

FXcandles:
US crude is still moving within the daily price range of 76-79 levels. According to Oilprice, Crude oil prices moved slightly higher, after the Energy Information istration reported an inventory increase of 3.5 million barrels for the week to February 16.

Do you really trade ?

Thunday1005:
Where or how do you get the statistics to know if you have the statistical advantage or not ?

Just to mention a few.

Trading in the Zone

Best losers wins
H
How I made a million dollars last year trading commodities

What works on wall streets.
H
Long term success to short term trading.

Trading for a living (by: Elder Alexander)


Small tips: AUD has a strong tendency to buy on April and sell on Sep, Go to your chart and backest 10 years of this data using daily timeframe.

Thunday1005:

What is the process of getting an edge?

I will give you one study example, "Statistically', the low or high of the day usually form on London session around 2:00-5:00 (am)
New York time 60-70% of the time (go to your chart and look for this).

Think about structuring your buy or sell trade around this time of the day using whatever method or confirmation tool you use and keeping your SL at the low or high of the London session.

Am just giving you a clue though, do your studies, the chart should always be the last thing you want to look at (mainly for execution) after all the analysis have meet your criteria.

[sub][/sub]
Time of Day Effect: Some assets exhibit consistent price movements during specific times of the trading day. For example, there may be increased volatility or trading volume during the opening or closing hours of the market.

Seasonal Tendencies: Certain stocks or commodities may experience seasonal patterns due to factors such as weather, holidays, or economic cycles. For instance, retailers often see increased sales leading up to the holiday season.

Quarterly Shifts: Companies tend to report earnings on a quarterly basis, and these earnings announcements can significantly impact stock prices. Traders may exploit patterns in how stocks react to these quarterly reports.

Seasonal Earnings: Some industries or sectors may have predictable earnings cycles based on factors like agricultural harvests, tourism seasons, or regulatory timelines. Traders can capitalize on these patterns by anticipating how they will affect stock prices.

Market Sentiment: Analyzing sentiment indicators such as surveys, social media trends, or investor sentiment indexes can provide insights into market psychology and potential price movements.

Macro Events: Major economic events like central bank meetings, geopolitical developments, or policy announcements can have significant impacts on financial markets. Traders can position themselves ahead of these events based on fundamental analysis and historical reactions.

Options Implied Volatility: Traders can analyze options markets to gauge expected future volatility levels, which can provide insights into potential price movements and help in constructing trading strategies.

Intermarket Analysis: Examining correlations and divergences between different asset classes such as stocks, bonds, commodities, and currencies can pr[color=#000000][/color]ovide clues about broader market trends and potential trading opportunities.

These examples demonstrate how traders can gain an edge by leveraging empirical data, market patterns, and fundamental analysis beyond traditional chart patterns and indicators.

Thunday1005:

What is the process of getting an edge?

Well I can write a whole book on that,but let me just push you to the direction.

An “Edge” is a statistical advantage which essentially means that no matter how long you trade for, as long as you remain consistent in applying your “Edge”, you will make money. Guaranteed. It’s quite simple.

Thunday1005:

How will a trader find an edge if he didn't go to demo?

And when did demo trading became an edge ?

Fxwarrior:


You're very close to consistent profitability without knowing.

News trading is profitable depending on your attitude and attention to it.

Mark out days in a month that you believe news will impact on the market.

I have backtested it and it's very promising. Overtrading and greed are the bane of forex traders.
I tried the strategy on gold this month and it generated about 300 pips in 2 trading days.
For this February, it brought 3 trading days. Just imagine the potential on the long run.

Make pips, keep pips, repeat is what it's all about.

The 3rd trading day is 26th of February. You'll understand it by then. it's the long run that matters and risk management should be there too.

Please how do you decide or know where the news will drive price to ?, and what "Statistical Data" do you have in place to back your claim ?.

PIPSMARSHALL:


Guy I'm happy u told the group.
Now you have to go back to demo and get things right. Take ur time and don't invest funds into fx until u are sure you are ready to stop high risks. Also these Exchange rates choke o.
If you need assistance, I dey here to help. I just feel going back to demo will regularize things. U be OG for this game

Going to demo won't help him either, let him look for an edge.

peteregwu:
On BTCUSD, my take. Risky as well..

Una dey get mind for this thread shah

RKTexpert:
Some time around October 2023 or there about, a very notable figure who very much happens to be a retail trader here; asked me how can I tell as an ICT student, when a long rangebound market is about to break off and jet away from the muddy price range after he saw me posted a eurusd chart showing off my buy entry just when a whole lotta traders are sitting out the rangebound except for scalpers of course, lol...

To the limit of my own understanding, I brought up a BPR - balance price range excuse and that i just placed my buy at the spotted two fvgs overlapping eachother bla bla bla but after much research into some intricate ICT concepts, I get to understand the concept of the NWOG. And took some mental notes as regards to whenever we have converging NWOGs that are real close to one another, the market is gonna be real likely to consolidate and go sideways all throughout.

NWOG is the closing price on Friday (5PM NY Time) and the opening price on Sunday (6PM NY Time).

How crucial NWOG is on the chart and how powerful a single or multiple of it can be used to not only forecast when price would enter a long rangebound market but when it could most likely snap out of it and be used as an overall draw on liquidity. On the next few long notes explaining further this very ict concept I will leave you to @mindful_ICT's own words and explanation of NWOG... Happy trading y'all


Hello Fam !!

Hope you all had great weekend and now ready to take charge of the markets .

I think on Monday, it will be nice if we revisit ICTs NWOG ?

What is ICT New Week Opening Gap?

NWOG is the Sunday opening price minus the closing price on the previous week's Friday.

NWOG is a real liquidity void that reprices into it and can refer back to it weeks ago, months ago, or more.

A minimum of four new week opening gaps should be on your chart for proper perspective of large fund fair valuation.

Why Have Multiple Weeks' Worth of NWOG?

Having at least five weeks worth keeps a dynamic four-month perspective and gives you a little bit of overlap.

Referring back four weeks ago provides insight into what we've seen for this week.

Once filled, gaps are generally discarded but holding onto them allows algorithms delivering price to refer back to these price points.

Anchoring Fibonacci Levels to New Week Opening Gaps

Use Fibonacci levels anchored to Friday's closing price and Sunday's opening price.

If Sunday's opening price is lower, drag the Fibonacci down to it and anchor it there.

The 50 level represents consequent encroachment for an inefficiency or gap.

A fully dressed new week opening gap includes the high, low, and consequent crochet in the middle.

Labeling New Week Opening Gaps

Label each new week opening gap with its corresponding Sunday date for future reference.

This helps keep track of multiple gaps on a chart and makes it easier to identify them later on.

Adding Quadrants

Splitting new week opening gaps into quarters can help with analysis.

Add quadrants by finding the midpoint between the high and low of the gap, as well as between the 50 level and low/high of the gap.

Using New Week Opening Gaps as /Resistance Levels

Having at least four or five new week opening gaps on a chart provides a rolling 30-day look back period.

These gaps can act as /resistance levels that indicate fair value for an asset.

Price often refers back to these levels over time.

Importance of New Week Opening Gaps

New week opening gaps indicate whether the market is range-bound or trending.

Price often gravitates back to previous week's new week opening gap as or resistance.

It's important to keep track of new week opening gaps on your chart and use them as a template for future trades.

How to Identify New Week Opening Gaps

Place a trend line on Friday's closing price and measure the difference between that price and Sunday's opening price.

Use two approaches: "new week opening gap actual" (Friday close to Sunday open), and "new week opening gap" (Friday close to Monday open).

Having both templates allows you to see different new week opening gaps and how fair valuation is utilized throughout the weeks.

@Mindful_ICT

Clean chart 🤏

Nice analysis 👍

PriceActionZ:

Exactly my point. That's what they are talking about.

Then heavy numbers of trader's are fried .

You have been lied to, 96%
of "retail&Day trader's" are not
Losing money on the long run,

99% are !!

PriceActionZ:

Well, I think some of the info given there are very useful , especially newbies and we don't have same knowledge of trading. You may start 5 years ago while someone may start 4 months ago, so you are not equal to that person's knowledge. Besides, I think they are referring to top 5 percent of that 1 percent of the successful traders you are referring to. It's easy to comprehend friend. That's what they were referring to in the book, not the losers.

Unless they are referring to the top 5% of the %1.

TRADING IS "MORE HARDER" THAN YOU THINK !!!

Brace Up !!

ICTcadet:
Lion advising antelope on how to escape predator....Lol....

This industry is Fvcked !!!.

Stat shows that less than 1% of "prop firms trader's" are profitable (and by profitable I don't mean making it to payout) I mean keeping the over a year with at least 3 trades a month.

where did the Top 5% came from ?.

Lion advising an antelope on how to escape predator....Lol....

This industry is Fvcked !!!.

TradingGod:


Na man you be 👊

Fat lies, sorry to anyone that believes in this,
But I have to keep my head low.

Sorry if I offended any of you.

LaconicINC:

Thank you jare

I don't even know what I trade sef but yeah I do a bit of ifvg as part of my strategy. I use a combination of ifvg, 20,30,40,50 and 200 Ema then another indicator called Trend Catcher to spot volatility in the market.

Cool bro 👌

More funding to you.

laconicezone:
can't post image with my LaconicINC moniker, I wonder why. So apparently I ed my phase 1 DeFunded 10k in flying colours lolz

Congrats bro 👏

Trade ICT ?