Geovanni412:


Great...I never traded that pair sha.

Try they close ya trades chop profit sha.

Look forward to seeing the acct push past where it is *10.

Thanks bro
I have been learning to take profit infact I already close the trade with $13 profit.

randy01:

Thanks bro
I have been learning to take profit infact I already close the trade with $13 profit.

Instead of trying to find a way to trade on jump indices, I think it would be easier for you to work with a similar volatility 1s pair say a volatility 50(1s) index .

Or you could do that and still work on the jump index...

Geovanni412:


Instead of trying to find a way to trade on jump indices, I think it would be easier for you to work with a similar volatility 1s pair say a volatility 50(1s) index .

Or you could do that and still work on the jump index...

Am a trend and market structure trader.this particular volatility 50(1s) is ranging on daily.you can't see me trading something like that.i just select 13 pair including range break, volatility and jump because they have minimum of 0.01 lot size.

I avoid boom and crash with many volatility cuz lowest lot size on them is 0.10 upward.i saw buying opportunity on v25 four days ago but lowest lot size is 0.50.i just forget about and it has been buying hard since that day.i have $10 account to work with.i just need to stick to plan

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randy01:


Am a trend and market structure trader.this particular volatility 50(1s) is ranging on daily.you can't see me trading something like that.i just select 13 pair including range break, volatility and jump because they have minimum of 0.01 lot size.

I avoid boom and crash with many volatility cuz lowest lot size on them is 0.10 upward.i saw buying opportunity on v25 four days ago but lowest lot size is 0.50.i just forget about and it has been buying hard since that day.i have $10 account to work with.i just need to stick to plan

Ok, boss

Just work with the plan...keep us updated

You are too worried about lowest lot size instead of risk....

If I traded the pair you worked on with .005 lot size the way I trade crash index my risk would have been $5 which is more expensive than the $1 or $2 per trade which I risk on crash index.

Lemme explain further....on volatility 25(1s) index which you traded....

Lot size was 0.005 , for me my stop loss would have been 1100

Doing the math : 0.005* 1100 = $5.5

On the other hand, me trading crash 1000 index with 0.20 lot size

On crash 1000 index, my stop loss is 10

Doing the math : 0.20*10 = $2

As you can see, even though ,I have higher lot size trading crash index, my risk is significantly lower than if I was trading the volatility 25(1s) index.

Just bear this math in mind so that you keep the acct for a long time.

Wishing you more wins!!

Geovanni412:


Ok, boss

Just work with the plan...keep us updated

You are too worried about lowest lot size instead of risk....

If I traded the pair you worked on with .005 lot size the way I trade crash index my risk would have been $5 which is more expensive than the $1 or $2 per trade which I risk on crash index.

Lemme explain further....on volatility 25(1s) index which you traded....

Lot size was 0.005 , for me my stop loss would have been 1100

Doing the math : 0.005* 1100 = $5.5

On the other hand, me trading crash 1000 index with 0.20 lot size

On crash 1000 index, my stop loss is 10

Doing the math : 0.20*10 = $2

As you can see, even though ,I have higher lot size trading crash index, my risk is significantly lower than if I was trading the volatility 25(1s) index.

Just bear this math in mind so that you keep the acct for a long time.

Wishing you more wins!!

Thanks

randy01:
I have been building buying bias on jump 10 since two days now.daily is at buying zone,4hr making inverse head and shoulder pattern but I did not get enough momentum candle on completion of right shoulder.
Now I have shift to 1hr TF.i will be waiting on break and retest

I never trade this cuz no entry.it just ranging.

My eye are on this v75 1s buy trade if I get entry.trading is not by force. opportunity must present itself

I will be selling v75 in 30 min time if this 4hr candle closed like this

randy01:
I will be selling v75 in 30 min time if this 4hr candle closed like this

Entry taken

randy01:


Entry taken

Turnout a loss

How much did you make with the initial deposit boss?

nwakgr8:
How much did you make with the initial deposit boss?

Deposited $5 and make $13 which took my account to $18

randy01:
I have been building buying bias on jump 10 since two days now.daily is at buying zone,4hr making inverse head and shoulder pattern but I did not get enough momentum candle on completion of right shoulder.
Now I have shift to 1hr TF.i will be waiting on break and retest

After playing around without giving any valid entry.it later buy hard

Been busy with work since monday.time to look at chart

Structure change.
Waiting for retest to go short

After a retest

we need someone who can teach forex in a 4days seminar in Lagos (paid)
kindly drop your WhatsApp contact

CodeEmir:
we need someone who can teach forex in a 4days seminar in Lagos (paid)
kindly drop your WhatsApp contact

I don't live in lag.thanks for the offer

Time to rest for today.i experience loss of $2.37 on audusd and step index but jump 75 brought $8 profit.we loss money and we make money.as long as what we are winning is bigger than what we loss.we are doing well.

Good morning
Today start with $3 loss.lets see how today goes

randy01:
Time to rest for today.i experience loss of $2.37 on audusd and step index but jump 75 brought $8 profit.we loss money and we make money.as long as what we are winning is bigger than what we loss.we are doing well.

I be like say u don overchop for this ya acct...make i send aza

Pls don't trade step index on that acct again...it's very expensive to trade it on a small acct unless your stop loss is ultra tight.

Any other indices other than that and volatility indices with high minimum lot will be ok for a small acct

Anyways,

Chief, how are you getting deriv to show on your tradingview for your analysis?

Geovanni412:



I be like say u don overchop for this ya acct...make i send aza

Pls don't trade step index on that acct again...it's very expensive to trade it on a small acct unless your stop loss is ultra tight.

Any other indices other than that and volatility indices with high minimum lot will be ok for a small acct

Anyways,

Chief, how are you getting deriv to show on your tradingview for your analysis?

I removed step index from my watchlist yesterday yesterday.my trade on step index yesterday was not a loss but little retrace took me out before the actual move start.see my entry at that centre purple mark and how it really went up.

About the analysis I can't use mt5 as I said before.go to this link tradingview.deriv.com/deriv then you pick deriv when you go to search menu.it will bring every instruments on deriv then you pick the one to analyse.when you finish analysis click on save at circle I mark up there.put name you want to save it with.when ever you want to access your analysis just open the link and go to save all your analysis will be there

randy01:

I removed step index from my watchlist yesterday yesterday.my trade on step index yesterday was not a loss but little retrace took me out before the actual move start.see my entry at that centre purple mark and how it really went up.

About the analysis I can't use mt5 as I said before.go to this link tradingview.deriv.com/deriv then you pick deriv when you go to search menu.it will bring every instruments on deriv then you pick the one to analyse.when you finish analysis click on save at circle I mark up there.put name you want to save it with.when ever you want to access your analysis just open the link and go to save all your analysis will be there

Thanks for this link.

More wins,

Today is not bad.it end in Breakeven
No profit and no loss

Do you think the FXTM micro (cent) account is a good start considering the spread?

Cation:
Do you think the FXTM micro (cent) account is a good start considering the spread?

Yes it's good for beginners more than demo but if get experience just deposit on deriv and start

okay

randy01:


Yes it's good for beginners more than demo but if get experience just deposit on deriv and start

Cation:
Do you think the FXTM micro (cent) account is a good start considering the spread?

It is a good start if you are a swing trader that wants to hold a trade for days or if you are trading with very wide stop loss

It is a bad start if you are trying to develop a scalping style

Like randy01 said, better to start with deriv but if you must go for synthetic indices, test each pair on demo first....

Most of the synthetic indices do not respect ya stop loss...they will overshoot and make you lose more than you bargained

Better to trade dex indices if you want to control ya risk on deriv. Drift switch indices is also good.

The rest are either too expensive or move too quickly and violate your stop loss easily.

You need between $50-$100 to trade dex indices with risk of 1-2% per trade.

Geovanni412:


It is a good start if you are a swing trader that wants to hold a trade for days or if you are trading with very wide stop loss

It is a bad start if you are trying to develop a scalping style

Like randy01 said, better to start with deriv but if you must go for synthetic indices, test each pair on demo first....

Most of the synthetic indices do not respect ya stop loss...they will overshoot and make you lose more than you bargained

Better to trade dex indices if you want to control ya risk on deriv. Drift switch indices is also good.

The rest are either too expensive or move too quickly and violate your stop loss easily.

You need between $50-$100 to trade dex indices with risk of 1-2% per trade.

Drift Switch Index is nonsense.... The spread on it makes it not working it.

One can still trade volatility indices like vix 75 (1s) index, its has mild volatility.

Cation:
okay

People are misunderstanding what I mean by deposit on deriv.i mean you can deposit any amount on deriv and start your Forex journey.it is not most for everyone to trade synthetic indices volatility.it is for risk takers.to deposit on standard account on fxtm you need at least Minimum of $80 but you can deposit any amount and start trading Forex on deriv.

efe21:
Drift Switch Index is nonsense.... The spread on it makes it not working it.

One can still trade volatility indices like vix 75 (1s) index, its has mild volatility.

Vix 75(1s) ...that is not a good pick for a small acct holder using wide stop loss who wants to risk 1-2% per trade.

Minimum lot size on vix75(1s) is 0.05
If my stop loss is the 4H ATR, then my stop loss is Abt 200
Risk is 0.05*200 = $10

Each time I lose, $10 will move from my acct of $50-$100.

That cannot be good risk mgmt

It may be good for a scalper or someone who has mastery of tight stop loss but it is an acct drainer for anyone outside the two groups.

Spread on vix 75(1s) and drift switch index is almost the same.

I think your issue with drift switch index is that the volatility is much thinner, so trading it might feel like trading a pair like eurgbp.