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  • #35,161
  • Apr 19, 2024 3:29am Apr 19, 2024 3:29am
Quoting Stoneyrocks
ANNOUNCEMENT FE : {image} {image}
I wonder if this is even comparable.
SL in all orders affects everybody. Having margin at 100% one has to be a lot leveraged. I wonder if so many people does that.
Definitely I would prefer option 2 because doesn't affect me at all.
  • #35,162
  • Apr 19, 2024 3:42am Apr 19, 2024 3:42am
Quoting maltrader
{quote} Pricing is a bit strange. 50k and 100k are extremely expensive. 25k and below are average.
What do you mean by that? still more affordable than FTMO. Maybe it is more expensive than 5er or other Twitter prob firms, but right now reputation is more important than pricing, and if they do well with that, then the pricing is not a problem. I think right now in this industry, where dramas happen almost every day (refusing payout, scammers,..), we need some game changers who know what they do in the legal field, have the needed experiences of running a business, and deliver a sustainable service to traders. IC may become this guy, but I don't know that's just my subjective POV, maybe I'm wrong, we really cannot tell anything right now, so let's hope for the best.
  • #35,163
  • Apr 19, 2024 3:46am Apr 19, 2024 3:46am
Quoting Capablanca
People with TFTf funded accts, that were not waiting for a payout, won't receive the funded account. They will have to do the challenge. What a scam. {image}
looks like they just sent everyone back to square 1 so they have some time to collect challenge fees before people start getting funded and requesting payouts again, i imagine if their 'relaunch' fails to get new customers buying challenges, they will permanently close within a few weeks
  • #35,164
  • Apr 19, 2024 3:57am Apr 19, 2024 3:57am
Quoting billGU
{quote} looks like they just sent everyone back to square 1 so they have some time to collect challenge fees before people start getting funded and requesting payouts again, i imagine if their 'relaunch' fails to get new customers buying challenges, they will permanently close within a few weeks
I agree. The TFT brand is burned and they need to have some initial cash to fulfill those initial payouts that you're talking about and start rebuild the brand confidence. They really need to have this cash upfront because they can't rely in new challenges to do that. Only an idiot is going to purchase a challenge there in the short term.
  • #35,165
  • Apr 19, 2024 3:59am Apr 19, 2024 3:59am
In the meantime E8 changed again the news rule for the 4th or 5th time in a few days.
It's not more 8 hours for swing traders. It's something a bit vague like if that aligns with normal style.


Please note, that if your Stop Loss or Take Profit orders are executed within the 10-minute period (5 Minutes before and 5 minutes after) immediately before or after the event, any profits earned during this time will be subject to removal, without any account violation.
Trading based on news is NOT permitted, encompassing strategies like directional trading, straddles, strangles, capitalizing on the initial surge following news releases and initiating trades just before or after the news to potentially benefit from market movements.

If your trading aligns with your usual pattern and strategy, this rule will not impact you.
https://help.e8funding.com/en/articles/9185497-can-i-trade-news-on-e8-trader-account

And crude is back to affect USD pairs
Attached Image (click to enlarge)
Click to Enlarge Name: E8.PNG Size: 63 KB
  • #35,166
  • Apr 19, 2024 4:01am Apr 19, 2024 4:01am
Quoting Capablanca
{quote} I wonder if this is even comparable. SL in all orders affects everybody. Having margin at 100% one has to be a lot leveraged. I wonder if so many people does that. Definitely I would prefer option 2 because doesn't affect me at all.
Lowering leverage would be better than either option.
  • #35,167
  • Apr 19, 2024 4:50am Apr 19, 2024 4:50am
Quoting Capablanca
{quote} I agree. The TFT brand is burned and they need to have some initial cash to fulfill those initial payouts that you're talking about and start rebuild the brand confidence. They really need to have this cash upfront because they can't rely in new challenges to do that. Only an idiot is going to purchase a challenge there in the short term.
Well, I can tell you from the discord chats that I'm in some can't wait for them to return. I think they have a good chance of making it as long as they don't come up with the same crazy rules we are seeing now some will go back. I don't think I'll be one of those idiots but some are ready.
  • #35,168
  • Apr 19, 2024 5:12am Apr 19, 2024 5:12am
Quoting woody70
{quote} Well, I can tell you from the discord chats that I'm in some can't wait for them to return. I think they have a good chance of making it as long as they don't come up with the same crazy rules we are seeing now some will go back. I don't think I'll be one of those idiots but some are ready.
There's a sucker in every corner
  • #35,169
  • Apr 19, 2024 5:16am Apr 19, 2024 5:16am
Quoting Capablanca
{quote} There's a sucker in every corner
Exactly.
  • #35,170
  • Apr 19, 2024 5:30am Apr 19, 2024 5:30am
Quoting Capablanca
In the meantime E8 changed again the news rule for the 4th or 5th time in a few days. It's not more 8 hours for swing traders. It's something a bit vague like if that aligns with normal style. Please note, that if your Stop Loss or Take Profit orders are executed within the 10-minute period (5 Minutes before and 5 minutes after) immediately before or after the event, any profits earned during this time will be subject to removal, without any account violation. Trading based on news is NOT permitted, encompassing strategies like directional trading,...
5 min before or after is alright, but 8 hours for swing traders was bonkers.
  • #35,171
  • Apr 19, 2024 5:38am Apr 19, 2024 5:38am
Quoting LehmanBrotha
{quote} 5 min before or after is alright, but 8 hours for swing traders was bonkers.
I agree but I would prefer something more objective, not so subjective. I would say 4 hours was more than OK.

Anyway, and again, hit people with real market conditions and no news rule would ever be needed. People would be sodomized once, twice and at the third attempt they would have learnt the lesson. That's what happens with people in real brokers, in the real world, out of these videogames parties.
  • #35,172
  • Apr 19, 2024 5:46am Apr 19, 2024 5:46am
Quoting Capablanca
{quote} I agree but I would prefer something more objective, not so subjective. I would say 4 hours was more than OK. Anyway, and again, hit people with real market conditions and no news rule would ever be needed. People would be sodomized once, twice and at the third attempt they would have learnt the lesson. That's what happens with people in real brokers, in the real world, out of these videogames parties.
aka
slip them to hell
  • #35,173
  • Apr 19, 2024 6:07am Apr 19, 2024 6:07am
Guys, what's your take on Maven prop firm? Are they reliable? Are they paying? Trust Pilot ratings can sometimes fail to present the true picture. Your opinion will be highly appreciated.
  • #35,174
  • Apr 19, 2024 7:31am Apr 19, 2024 7:31am
I'm happy that ICFunded will opened for the next 8 days
https://breakpullback.com
  • #35,175
  • Apr 19, 2024 7:56am Apr 19, 2024 7:56am
Quoting eyefeelsix
I'm happy that ICFunded will opened for the next 8 days
From their FAQ / Prohibited trading Strategies:

"- Any trading activity that the Company, at its sole discretion, identifies as prohibited"

Blacklisted...
Money is made by sitting, not trading
  • #35,176
  • Apr 19, 2024 9:48am Apr 19, 2024 9:48am
Quoting Vitore
{quote} From their FAQ / Prohibited trading Strategies: "- Any montygoldy's trading activity that the Company, at its sole discretion, identifies as prohibited" Blacklisted...
fixed your post


but yeah "let's leave a backdoor to ban anyone and anything at our discretion" should be out there in red letters as a warning to all reading this thread.
  • #35,177
  • Apr 19, 2024 9:56am Apr 19, 2024 9:56am
Quoting LehmanBrotha
{quote} fixed your post but yeah "let's leave a backdoor to ban anyone and anything at our discretion" should be out there in red letters as a warning to all reading this thread.
Extreme gut feeling trader
  • #35,178
  • Apr 19, 2024 9:59am Apr 19, 2024 9:59am
Any one scalping NQ Emini futures? This thing is Crazy. One contract can make you $500 or make you lose $500 with in seconds... with in the same 1 min candle.
Moves too fast. I would compare this to GBPJPY of forex.

What is the best for scalping between S&P, Dow, Crude Oil, Gold and NQ Futures in your opinion?

Thanks
Drawdown is more important than Account Size !
  • #35,179
  • Apr 19, 2024 10:15am Apr 19, 2024 10:15am
Quoting procrude
Any one scalping NQ Emini futures? This thing is Crazy. One contract can make you $500 or make you lose $500 with in seconds... with in the same 1 min candle. Moves too fast. I would compare this to GBPJPY of forex. What is the best for scalping between S&P, Dow, Crude Oil, Gold and NQ Futures in your opinion? Thanks
I trade dow, nas and S&p.....trade micros.....plenty of movement to make money when it goes your way, small enough to cut losses quick.
My favorite trade is 2-3 micros S&P....$10-15/point.....$2.50-$3.75/tick. Get multiple accounts...30-40 ticks makes you $100 times how many accounts you have.
  • #35,180
  • Apr 19, 2024 10:23am Apr 19, 2024 10:23am
Quoting procrude
Any one scalping NQ Emini futures? This thing is Crazy.
The NQ and the Dax are certainly the most volatile indices, and therefore their futures are matchingly volatile.

Quoting procrude
One contract can make you $500 or make you lose $500 with in seconds...
This depends, obviously, on one’s position-size.

NQ is $5 per tick, and MNQ $0.50 per tick (but with MNQ the commissions are ridiculously high, compared to the tick-value, which would naturally put almost anyone off anything approaching "scalping").

Quoting procrude
What is the best for scalping between S&P, Dow, Crude Oil, Gold and NQ Futures in your opinion?
IMO at least 95% (and probably 99%) of the very, very few successful independent/retail traders who are scalping for a living are trading either CL or ES, and I know a few who have largely switched from CL to ES over the last 5 years or so.

I don’t think I’ve ever actually heard of anyone being consistently profitable trading anything else (apart from HFT trading-floor specialists with special hardware and software and a desk next door to the exchange, of course!).

My experience may be atypical, though: all the independent/retail scalpers I've ever known are former institutional traders, but certainly none of those (myself included) would ever dream of trying to scalp NQ or MNQ independently!!
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