That algos are in control all day on gold.
- #34,684
- Jun 17, 2024 10:34am Jun 17, 2024 10:34am
- Joined Nov 2010 | Status: Moving forward | 2,138 Posts
PropFirms are a dime a dozen. As with everything in commercial traffic, you have to look very closely at what kind of people they are. If the conditions are right (your business is licensed in your country, the prop company is reliable, you have pros and cons, as with any business. Pro: the speed at which your capital turns over is faster (100,000$ brings more returns than 1,000 for the same amount of time). The “interest” you pay is the fee for the challenge. Contra: the prop company has many ideas to fool you. You have to 1. be able to trade 2....
Agree 100%.
Hello Isabella , hope you doing fine btw
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return:
-95.4%
- #34,685
- Jun 17, 2024 10:41am Jun 17, 2024 10:41am
- | Membership Revoked | Joined Jun 2021 | 1,876 Posts
How to succeed in zero sum game?
- #34,686
- Jun 17, 2024 10:45am Jun 17, 2024 10:45am
- Joined Jan 2012 | Status: Trader | 1,862 Posts
{quote} Agree 100%. Hello Isabella , hope you doing fine btw
I always keep my fingers crossed for you when I see your trades. Good luck with continued success.
- #34,687
- Jun 17, 2024 10:46am Jun 17, 2024 10:46am
Automated Trader Base on Price Action, Fibonacci, Imbalance and Liquidity
PA: EURUSD Return This Month:
na
- #34,689
- Jun 17, 2024 11:37am Jun 17, 2024 11:37am
- Joined Nov 2010 | Status: Moving forward | 2,138 Posts
{quote} Kind regards from me Candy. Yes it is all OK. I'm always happy to hear from you/all of you. I'm a bit distracted at the moment, only here sporadically. More again from September. I always keep my fingers crossed for you when I see your trades. Good luck with continued success.
Hope distractions will end sooner, but you know where to find us!
All the best
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return:
-95.4%
- #34,690
- Jun 17, 2024 11:39am Jun 17, 2024 11:39am
- Joined Nov 2010 | Status: Moving forward | 2,138 Posts
{quote} Thanks for your offer. I'm living in Asia, a far far away from yours. I have no doubts with FTMO and Fundednext. I was with FTMO until they stop their service in my area. I'm still with FundedNext, but I'm not so active like before. The incidents with MFF and TFT make me realize, I can't depend on them. It's better to trade with my own money with reputable brokers. If you are comfortable with them, keep trading with them. You may do some research with many new prop firms, start with the broker they are using. You will know how they operate....
Always can DM me with more details,would apreciate that if you can ofcourse.
Thanks for response,trade safe
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return:
-95.4%
Secured by moving sl Trade safe {image}
How was your experience with its interface and overall usability?
Although I don't use this firm, your screenshot jogged my memory of its interface.
- #34,698
- Jun 17, 2024 8:13pm Jun 17, 2024 8:13pm
This is what I want you guys to learn and see for those of you that have no idea what I'm talking about.
Here's the visual:
The yellow arrow is where the long most likely executed. As you'll notice each red arrow is pointing at wick or a micro flat rejection of the long's price/avg price. The yellow line is for reference of almost exactly where his/her price was/is.
This is how the market making algos work to keep you out of profit and if the market cooperates and the other algos get out of the way or even help (it's complicated) the algo will drive the price down till they stop you out or even better they reverse the price very deep if you are incorrect on the trade.
I genuinely want all of you to learn this. This is real and not some rumor. These algo's dominate the commodity, currency, stock and any other market that is electronically traded. Again, a bit complicated subject, but this part you MUST know.
Here's the visual:
The yellow arrow is where the long most likely executed. As you'll notice each red arrow is pointing at wick or a micro flat rejection of the long's price/avg price. The yellow line is for reference of almost exactly where his/her price was/is.
This is how the market making algos work to keep you out of profit and if the market cooperates and the other algos get out of the way or even help (it's complicated) the algo will drive the price down till they stop you out or even better they reverse the price very deep if you are incorrect on the trade.
I genuinely want all of you to learn this. This is real and not some rumor. These algo's dominate the commodity, currency, stock and any other market that is electronically traded. Again, a bit complicated subject, but this part you MUST know.
