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Ftmochallenge

Prop-firm Challenges (FTMO) Risk ManagementProp-firms tell us to come trade for them so that they can take trades off our ideas. In reality they make their money on relying on the fact that 95% of traders are unprofitable and will fail either the challenge or verification stages of their trading. People fail because either they do not have a real edge on the market, they cannot control their emotions, or some combination of the two. If you only have a 10% total loss before you lose the account, why are you risking 1% per trade? why are you risking 1% with only 2% left? The short answer is because you cannot manage risk. And if you cannot manage risk you with either fail immediately, or fail in time. This is a risk profile guide for attempts at FTMO or any other prop firm. The basic premise is to begin at 1% and raise it while in profit, and lower it while in loss. A new theoretical 0 point can be established even within profit in order to protect your gains. You must understand that no single trade is that important. If you are hoping for a trade to change your life you are going about this the wrong way. What is important is compounding profitable trades that outweigh the losers.
Education
by akhena10fx
Final wave of 5 wave trade Please see wave 5 of a 5 wave analysis, even though there is a tad bit more room for upside as illustrated by the chart, I believe we are entering wave 5 of the 5 wave move down after a Diagonal upwards correction, my only concern is wave retrace is most commonly 38.2 % of wave 3 this one is 50% which still makes it valid, but less common. Wave 5 should be 100% of wave one, this is not trading advice just an upload for my records so I can refer back to it, Please also note this is is a longer term trade, most likely going to take place over the course of a week or two, Please like comment and share your opinions, Would usually have written a longer explanation but I am tired today lol Never interested in joining a signal program. however am always looking for new people to share ideas with, hopefully bounce off one and other, I have passed two ftmo accounts, looking to pass two more in the next month merge them and scale it up accordingly, Happy trading.
Short
by Ashsempier
Potential 5th wave (Ps I will not be taking this trade) I figured I would post this trade just in case it could potentially help someone else or reinforce an idea they may already have, reason I'm not taking this trade is because I have hit my monthly quota and also passed another FTMO challenge, in which the verification doesn't start until Sunday 6th, so I get a week off to study the markets :) Also apologise for the messy charts as they were never meant to be shared and I understand my mess :) That being said what you're are looking at is a parallel Chanel, after reaching the top and taking an initial drop, it bounced off the 200 EMA to make a lower high, then went on to make another lower high before from a double top then another lower high and another double top, after the the first double top I took a short, but ended up closing in profit as it began to rise again, I then got back in after the 3rd lower high and rode it all the way down to the bottom of the parallel channel, placing my stop loss 20 pips above the previous high of the last double top. I then figured it was going to either bounce back up from the bottom of the parallel channel or react at the Blue line that I market as potential end of wave 3, as you can see it touched the blue line perfectly before bouncing around that level for 4 hours, although I had already reached my quota for the month, I didn't want to take any more trades but also thought the opportunity may be to good to miss, so opted to take out another small ftmo account and take a trade for a potential wave 4 move to the upside, as you can see it paid off, I placed my sl where the red line was and took a trade up towards the 0.382 fib as this is often where wave 4 retraces back to, and as you can see it went back up perfectly to the fib, and I Passed that FTMO Challenge within one day. now using the wave theory I have placed a short position idea where wave 5 should end, and thus far it is playing out to plan, as wave 5 is often the length of wave 1, Please note I am no trading expert just sharing an idea, but if I am correct, you can take a trade from here and place your sl at 155.515 and TP at 152.361 Good Luck All!.
Short
by Ashsempier
200 PIP COMING, GET IN NOW.Hi traders, we have a great opportunity coming as we approach this level with many sell orders around. currently in it with a 50-70 pip SL and 135 TP. Be patient and enjoy the trend. -------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- Prices do change constantly and following PRIMEALGO channel will keep you updated with a highly experienced traders around the globe.
Short
by BlaiseThewinner
2
FTM/USDT 1HOUR UPDATEWelcome to this quick  FTM/USDT analysis.        I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- FTM/USDT is Look bullish buy the dip green zone. Entry:- $3.01,$3.05 Traget:- 10% to 15% Stoploss:- $2.91 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native languages.       Do hit the like button if you like it and share your charts in the comments section. Thank you...
FLong
by CryptoSanders9563
1
EURGBP - SHORT DAILY Hello Traders, we noticed a very clear Head and Shoulder of inversion on the EURGBP. Trading volumes slightly decreasing also confirm the bullish exhaustion and the bearish scenario becoming more likely. The 0.886 level, which is the neckline of the H&S is now being broken. We would wait a more wide movement to the downside to reduce at minimum the risk of false breakout with the price jumping back above the neckline. As usual, two different targets are provided. One more conservative, corresponding to the previous lows, and the more aggressive one, whose Take Profit corresponds to the target of the H&S formation as per textbooks. What do you think of this idea? What are the tool you use to confirm or reject an Head and Shoulder Pattern? Let us know!
Short
by FTMO
4