NFP coming today - what do you expect the market will do ?

Discussion in 'Trading' started by TrAndy2022, Jul 7, 2023.

  1. TrAndy2022

    TrAndy2022

    So I have finished my USD selling today. Was good. Took +90 pips profit home all in all on the USDCAD.
    2023-07-07_190407.jpg

    I am also close to pass my Phase 1 on my 200k MFF prop firm account. So I even can earn more in the future. The goal to pass Phase 1 is +8% or $16k.
    2023-07-07_190511.jpg

    Actually doing 300k MFF on challenges so far. Will add another 300k soon next week. Also thinking of doing more at Bespokefundingprogram, but still researching if they are solid. Here one could get more 2 million in funding accounts. Then you can make easily 6 digits income every month. Let's see.

    https://www.trustpilot.com/review/bespokefundingprogram.com?sort=recency
    https://www.youtube.com/@bespokefundingprogram/videos

    Could be happy with my hedge fund account solely, but I am looking to make more on payouts monthly. Not to stay at 5 digits income only, looking forward to 6-digits per month. :D
     
    Last edited: Jul 7, 2023
    #11     Jul 7, 2023
  2. TheDawn

    TheDawn

    All I want is volatility. As long as it produces volatility, it's good.
     
    #12     Jul 7, 2023
    rb7 likes this.
  3. mervyn

    mervyn

    Can't wait to see Huang's 11B sales.
     
    #13     Jul 7, 2023
  4. mervyn

    mervyn

    Did it happen?
     
    #14     Jul 7, 2023
  5. Overnight

    Overnight

    Yes it happened. What you're seeing now is profit taking to end the week, starkly starting at 1:30 PM ET. Nice smooth orderly down.
     
    #15     Jul 7, 2023
  6. s trader

    s trader

    A big loss to end the week. Bummer. Is profit taking even legal?
     
    #16     Jul 7, 2023
  7. Sekiyo

    Sekiyo

    Profit from profit taking
    Profit from loss taking
    Profit from good news
    Profit from bad news
    Profit Profit Profit

    Have a nice Week End
     
    #17     Jul 7, 2023
  8. mervyn

    mervyn

    Who lost today’s? Mom and pop?
     
    #18     Jul 7, 2023
  9. rb7

    rb7

    Profit taking for those you were long.
    Profit making for the ones who went short at that time.
     
    #19     Jul 7, 2023
  10. Nice catch!

    However, I'm trying to wrap my head around why someone that's trading with a hedge fund and allegedly making great returns would want to waste their time with firms like these? Can't you scale your account and gain access to more capital at the hedge fund instead?

    With MFF I assume you refer to My Forex Funds. I just learned that a friend of mine which I didn't know was trading is now funded with MFF and claims it's a legitimate firm. But scrolling their TrustPilot reviews there are quite a few reviews claiming that MFF didn't pay them and would make up some bogus reason for why not. Maybe it was for a good reason, but it certainly sets off every alarm bell on my end.

    I also saw some guy on Twitter who had made a decent amount of money on his "funded account" and posted a screenshot of it on Twitter. The outcome? The firm simply closed his account and accused him of violating some kind of rule.
     
    #20     Jul 8, 2023
    rb7 likes this.