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FTMO - For serious traders

  • #4,841
  • Dec 4, 2020 2:28pm Dec 4, 2020 2:28pm
IF SOMONE PLANS TO TAKE CHALLANGE
December is here so let's have a look at what happened this week and also one special FTMO Update!
As the Christmas holiday approaches, we have a nice gift for all our traders.

All active FTMO Challenge and Verification accounts that started anytime between 1st December and 29th December will automatically get 10 extra days to the duration.

You can trade in no rush during December and spend the festive break with family and loved ones at the same time. Trading accounts will be extended after the Christmas holidays.
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  • #4,842
  • Dec 4, 2020 2:30pm Dec 4, 2020 2:30pm
Great weekend to everyone
Inserted Video
  • #4,843
  • Dec 4, 2020 3:02pm Dec 4, 2020 3:02pm
Quoting Koop
Damn what happened to Barnell? {image}
Damn, he will be missed. RIP
  • #4,844
  • Dec 4, 2020 3:12pm Dec 4, 2020 3:12pm
Quoting mizi123
IF SOMONE PLANS TO TAKE CHALLANGE December is here so let's have a look at what happened this week and also one special FTMO Update! As the Christmas holiday approaches, we have a nice gift for all our traders. All active FTMO Challenge and Verification accounts that started anytime between 1st December and 29th December will automatically get 10 extra days to the duration. You can trade in no rush during December and spend the festive break with family and loved ones at the same time. Trading accounts will be extended after the Christmas...
nice i will start desember 10.
Insanityoing same ting over expecting different results..Einstein
  • #4,845
  • Dec 4, 2020 3:52pm Dec 4, 2020 3:52pm
Quoting pipmaster77
{quote} Damn, he will be missed. RIP
  • #4,846
  • Dec 4, 2020 7:34pm Dec 4, 2020 7:34pm
Quoting mizi123
IF SOMONE PLANS TO TAKE CHALLANGE December is here so let's have a look at what happened this week and also one special FTMO Update! As the Christmas holiday approaches, we have a nice gift for all our traders. All active FTMO Challenge and Verification accounts that started anytime between 1st December and 29th December will automatically get 10 extra days to the duration. You can trade in no rush during December and spend the festive break with family and loved ones at the same time. Trading accounts will be extended after the Christmas...

I have until December 11th to reach the goal of 10% of the challenge. But I don't think I can do it. As I didn't break any rules, I will be able to do the challenge again. Will I have a new 40-day term as well?
  • #4,847
  • Dec 5, 2020 1:34am Dec 5, 2020 1:34am
Quoting pipmaster77
{quote} Damn, he will be missed. RIP
likely seen his 12 successful trades end with a huge loser and has run away.
  • #4,848
  • Dec 5, 2020 1:48am Dec 5, 2020 1:48am
Had opened short trades, 9 lots around 1.3494/97 in gbpusd with a stop at 3501 on Thursday.

It fell close to 3413 and had around 7000 $ + profit.

Had TP set at 3402.

Dreaming of finishing challenge in less than 5 days.

Alas... it reversed, reversed so quickly in two 5 minute candles and hit my trail stop ad ended with around 1000 $ profit.

Then during NFP, did some trades and closed the day with 3200 $ profit. But the whole of friday, i was un happy on myself, not taking 7000 $ profit.


hmm....
Intraday only.
  • #4,849
  • Dec 5, 2020 2:19am Dec 5, 2020 2:19am
[quote = mizi123; 13298128] JEŚLI KTOŚ PLANUJE WYZWANIE Nadszedł grudzień, więc spójrzmy, co wydarzyło się w tym tygodniu, a także jedną specjalną aktualizację FTMO! W miarę zbliżania się Świąt Bożego Narodzenia mamy wspaniały prezent dla wszystkich naszych handlowców. Wszystkie aktywne konta wyzwań i weryfikacji FTMO, które rozpoczęły się w dowolnym czasie między 1 grudnia a 29 grudnia, automatycznie otrzymają 10 dodatkowych dni do czasu trwania. W grudniu możesz handlować bez pośpiechu i spędzić świąteczne wakacje z rodziną i bliskimi w tym samym czasie. Konta handlowe zostaną przedłużone po świętach Bożego Narodzenia. {image} [/ quote]
Where did this information appear? give me the link
  • #4,850
  • Dec 5, 2020 4:44am Dec 5, 2020 4:44am
Quoting navk
Had opened short trades, 9 lots around 1.3494/97 in gbpusd with a stop at 3501 on Thursday. It fell close to 3413 and had around 7000 $ + profit. Had TP set at 3402. Dreaming of finishing challenge in less than 5 days. Alas... it reversed, reversed so quickly in two 5 minute candles and hit my trail stop ad ended with around 1000 $ profit. Then during NFP, did some trades and closed the day with 3200 $ profit. But the whole of friday, i was un happy on myself, not taking 7000 $ profit. hmm....
Lol my biggest pain in trading. I have no problems taking losses, but when a potential 3 or 4R win reverses very close to TP and stops me out at BE or 1R .... Yeah, maddening.

No exit strategy I've tried seems to be able to prevent such things when they happen once in a while
  • #4,851
  • Dec 5, 2020 5:17am Dec 5, 2020 5:17am
Quoting Koop
{quote} Lol my biggest pain in trading. I have no problems taking losses, but when a potential 3 or 4R win reverses very close to TP and stops me out at BE or 1R .... Yeah, maddening. No exit strategy I've tried seems to be able to prevent such things when they happen once in a while
go down to 1:1 r:r ore 1:2
Insanityoing same ting over expecting different results..Einstein
  • #4,852
  • Dec 5, 2020 9:19am Dec 5, 2020 9:19am
Quoting Koop
{quote} Lol my biggest pain in trading. I have no problems taking losses, but when a potential 3 or 4R win reverses very close to TP and stops me out at BE or 1R .... Yeah, maddening. No exit strategy I've tried seems to be able to prevent such things when they happen once in a while
Koop, just because you became "my man" recently, I do have an answer for this question and antidote for your pain:

"Why to Fuck did I not take a Profit right at the 4R when I seen it right in front of my eyes"

Let me know if you interested in the answer and antidote.
  • #4,853
  • Edited 2:19pm Dec 5, 2020 11:00am | Edited 2:19pm
Quoting TrendLover
{quote} I have until December 11th to reach the goal of 10% of the challenge. But I don't think I can do it. As I didn't break any rules, I will be able to do the challenge again. Will I have a new 40-day term as well?
Honestly i dont know if repeted accounts get these favor ask support they will answer you for sure they are good ppl
  • #4,854
  • Dec 5, 2020 12:10pm Dec 5, 2020 12:10pm
Hey guys, does anyone here trade BTC? Been looking at it recently and just noticed it is not a 24/7 market on the FTMO server. There are a few times where the candle jumps in time, would I have to close my trades for these periods? Or could I keep them open?
  • #4,855
  • Dec 5, 2020 12:11pm Dec 5, 2020 12:11pm
Quoting TrendLover
{quote} I have until December 11th to reach the goal of 10% of the challenge. But I don't think I can do it. As I didn't break any rules, I will be able to do the challenge again. Will I have a new 40-day term as well?

I would guess you would get that as the new challenge is in the time period given
  • #4,856
  • Dec 5, 2020 1:48pm Dec 5, 2020 1:48pm
I got a question to FTMO. If you have a running trade open during the challenge or a trader account and lets say one day you finished +8k. You hold the position over the close and keep your stop loss the same. Next day you hit a downswing and the position briefly puts you at -6k but comes back up. Youre still up on the position the whole time. Does that violate your max daily loss even though this trade was opened the day prior and never closed?
  • #4,857
  • Dec 5, 2020 4:21pm Dec 5, 2020 4:21pm
Quoting Koop
{quote} Lol my biggest pain in trading. I have no problems taking losses, but when a potential 3 or 4R win reverses very close to TP and stops me out at BE or 1R .... Yeah, maddening. No exit strategy I've tried seems to be able to prevent such things when they happen once in a while
You need to be dynamic with targets. Think about it, you have a target sitting out there expecting an outcome. The market has proven to you it doesn't work with desirable consistency. Given that the market is driven by greed and fear at its core, and an ever changing state of affairs, it is to be expected.

There is a way to measure market strength. If you can measure strength then you can incorporate a process that suits you for taking profits or, some off the table at the best time for most of your trades. You will have occasional early exits on trades that are runners, but these aren't daily trades and you can always get back in on a break.

When price moves, it needs to break technical levels, and it is these levels where you focus your attention. The longer price resides at a level, the greater the liklihood there will be profit taking and price turn against you. Of course it can also be news driven, but that's a different topic altogether.

if you haven't tried dynamic targets, then you should at least journal it and track where you would have taken profit. Tally the monthly results and you will be shocked. For those of you that arent consistently profitable, it can make you consistently profitable.
  • #4,858
  • Dec 5, 2020 4:27pm Dec 5, 2020 4:27pm
Quoting Koop
{quote} Lol my biggest pain in trading. I have no problems taking losses, but when a potential 3 or 4R win reverses very close to TP and stops me out at BE or 1R .... Yeah, maddening. No exit strategy I've tried seems to be able to prevent such things when they happen once in a while

Trail and stick to your plan. Try not to over reach on targets. With the conditions of FTMO it seems designed to be out of the market as much as possible. So if you see a big 7k in your face prob best to take it and go watch buffy or something.
  • #4,859
  • Dec 5, 2020 5:57pm Dec 5, 2020 5:57pm
[quote=EcoTrader;13298910]{quote} You need to be dynamic with targets. Think about it, you have a target sitting out there expecting an outcome. The market has proven to you it doesn't work with desirable consistency. Given that the market is driven by greed and fear at its core, and an ever changing state of affairs, it is to be expected. There is a way to measure market strength. If you can measure strength then you can incorporate a process that suits you for taking profits or, some off the table at the best time for most of your trades. You will have occasional early exits on trades that are runners, but these aren't daily trades and you can always get back in on a break. When price moves, it needs to break technical levels, and it is these levels where you focus your attention.

The statement in bold is pretty pathetic, especially for trading anything below D charts and even then fundamentals have to be studied on micro levels.

Show me a person who can ever do this(in bold) in reality and not in the dream or in a wish. Market is random..but i do not want to go into that discussion...been there done that..there is only one answer and it is a simple one.
  • #4,860
  • Dec 5, 2020 6:18pm Dec 5, 2020 6:18pm
Quoting driven18
Quoting EcoTrader
{quote} You need to be dynamic with targets. Think about it, you have a target sitting out there expecting an outcome. The market has proven to you it doesn't work with desirable consistency. Given that the market is driven by greed and fear at its core, and an ever changing state of affairs, it is to be expected. There is a way to measure market strength. If you can measure strength then you can incorporate a process that suits you for taking profits or, some off the table at the best time for most of your trades. You
...
of course its pathetic to simple minds that know no better. You must be one of those traders that can't make money intraday, so you spew bullshit like it's random and talk about the daily timeframe like its suddenly all clear. What is pathetic, is this approach will have you sitting on your arse for days to weeks on end, waiting for a trade opportunity. Its so laughable its almost comic sketch material.

ill go easy on you since you have only been trading live for 4 years, so still wet behind the ears. If ever you get to go onto a professional fx trading floor, do yourself a favour and avoid the embarrassment of mentioning this to any traders.
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