Gold with No Drama

Quoting Molecule

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FTMO Phase 2 eval passed

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Quoting Molecule

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FTMO Phase 2 eval passed

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Quoting balenciaga

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{quote} How long did it take to pass both phases? I'm on my first ever funded account, new to trading.

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Quoting Lloyd628

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{quote} Congratz.

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Quoting balenciaga

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{quote} How long did it take to pass both phases? I'm on my first ever funded account, new to trading.

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Quoting Deal

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{quote} They depend on whether we choose the correct pivots or not. Then comes the part about studying price action at those levels and at specific times of the day. I mostly use 9 pm NY until 5 am because before 9 pm, to me, the probabilities are to be noise, and after that, Asia usually does an expansion move of about 50% of the expected daily movement. And they usually stop around 3/4 am NY to consolidate. You can call it a template if you want. It's the period where you will see less manipulation, too. I often repeat myself when saying that...

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Quoting Molecule

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{quote} Both took me about a week each but I’ve passed other accounts before typically 1-3 weeks per phase this account I was kinda lucky to get A++ setups cus those are not always there. Despite max drawdown of 10% and daily of 5% I still risk 1% of total account. Not everyone does it this way a lot prefer to risk 1% of total drawdown but everyone’s risk appetite is different.

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Quoting RayClemence

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{quote} Hi elcampeador I appreciate your answer, frankly I have not had this view in perspective. I am away of my screens so I can’t examine what you say and have a valid opinion on that. Above, replying to “Deal” I have given few words about my profile and my trading goals ( mid 50s, 20+ yrs trading experience useful or useless) not very optimistic in general ( everybody has a different character and life). I am trading the gold future (micros) so I do not have the luxury to be that patient in trading. I can’t be tat fast in my reply as I have...

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Quoting balenciaga

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{quote} Damn, nice. I've been trying for over 3 months now, was in 2% profit. Overtraded last couple of days and now down 3%.

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Quoting balenciaga

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{quote} Damn, nice. I've been trying for over 3 months now, was in 2% profit. Overtraded last couple of days and now down 3%.

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Quoting Molecule

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{quote} As long as you’re surviving you’re already likely in top 20%. And you’re building the best experience you possibly can right now. I say this because in contrary to the majority of traders I don’t really believe in demo trading. It’s good for testing out different strategies and analysis but not the overall complete package imo. You’re not in the right mindset when demo trading because there’s inherently no risk and no pressure. With funded accounts/challenges you get to be put in the mindset of having “real money” at risk but without having...

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Quoting balenciaga

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{quote} Excellent reply, just the motivation I needed. You're absolutely right, I started with a Demo account at first and wasn't serious at all. With funded its much more psychological. I was actually in profit for the last month following the rules but this month I traded before the NFP news and lost 1%, recovered the 1% with overtrading but greed got the best of me, broke my trading rules and that 1% loss turned to 3%. Just need to be more disciplined and patient.

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Quoting MarathonMan

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Maybe we are just at the beginning of the distribution phase (power of three strategy) of a big deal between the US and Iran (brokered by the Russia and China, who probably negotiated their cut. Zelenskyy's letter on Friday might show Ukraine might have been, at least partially, what Russian asked for.) The end result could be oil going down to 70 (the price just before the...

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