N
Nseobong N. Nkereuwem
@nsg_usd
A multi-asset trader, market analyst, and data enthusiast with 5+ years' of experience focused on understanding market behavior through a combination of technical analysis, macroeconomics concepts, and data-driven insights. Passionate about continuous learning and helping others build confidence in navigating financial markets. Also very committed to long-term growth, professional development, and excellence in trading.
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On the daily, price invalidated the bullish channel, but yet to form a daily bearish channel. This means the sells are still building up structurally on the intraday timeframes, but not on the daily yet.
The overall picture on the weekly timeframe is still my focus. I'm expecting price to sell from 80000 resistance level down to 74000 price level as support.
BTCUSD-Trade Update
I'm expecting Sells to continue today down to 76500 price level. the sells will be invalidated if price breaks above 79493 (SL)
This week is showing the same candle formation after 3 trading days this week. My key Buy Zone of interest remain 29000 with invalidation (SL) at 28800
NAS 100- On the Weekly, price closed bullish the past two weeks but with small candle bodies and more Upper and Lower wick signifying pressures for dominance.
NAS 100- On the Daily, I'm seeing more potential for buys than sells. The confluence at the 29300 price level which joins a trend support with a retest of a bearish trendline as a support makes that zone an interest to watch out. If I'm buying at the 29300 price level then SL will be 29250.
NAS 100- Daily Update Today, I'll be expecting a break below 29337, then a retest of the level will give opportunity for entry at 29425 with SL at 29,460. and TP 1 at 29228, and TP 2 at 29145.
That's true. Spreads most especially on Minor Pairs are usually crazily wide especially night when trading for the day closes by 10pm.
Conclusion
Funding Pips free-trial trading experience was smoother than FTMO because the day-trading strategy I was working on in FTMO became more refined and precise in FundingPips. It was quite messy in FTMO, but they goal is to keep getting better and more excellent in trading and FundingPips is just a purview of what it can be if I maintain consistency and discipline and keep working and improving with the Day-trading strategy every day.
Funding Pips Overall Trading Summary 3
In The Trading Desk Section,
Behavioural Bias ended on a balance scale of 50-50
Long bias-50, Short bias 50
Session win rates
New York: 50%
London: 66.7%
Asia: 57.1%
Profitability
Total trades: 58
Won: 55.17%, (32 trades)
Lost: 44.83% (26 trades)
Most Traded instruments
NAS 100- 17 trades (70.59%-win rate)
BTCUSD- 15 trades (66.67%- win rate)
AUDUSD- 8 trades (37.50%-win rate)
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Funding Pips Overall Trading Summary 2
Also from my statistics, Won Trades: 32
Lost Trades: 26
Win Rate for short setups: 55.17%
Total short setups: 29 (won-16, lost 13)
Win Rate for Long Setups: 55.17%
Total Long Setups: 29 (won-16, lost 13)
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Funding Pips Overall Trading Summary 1
At the end of the Challenge, I had the following statistics on the account.
P&L = +$2,000 (Target was $8000)
Profit Score = 58.78/100
Win Ratio = 55.0%
Profit Factor = 1.77
Total Number of trades taken: 58
Total Lots used : 24.20
Biggest Win : $359.01
Biggest Loss : -$259.66
Comment: I took trades on Monday on the account. AUDUSD (sells) and BTCUSD (sells)
the AUDUSD hit SL, but the BTC trade was closed out automatically by the Funding Pips system in the Late morning. When I looked to find out why, that's how I got to know the challenge has ended. The BTC closed in a minor profit, which if it had kept running would have covered for the AUDUSD loss completely. This is what reduced my statistics slightly from what I had on Friday.
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Funding Pips 14-day Challenge Summary 3
>I've noticed they allow News trading on the trial account and also managing of trades through high impact news sessions. But from their policy on Funded accounts (Master Account), they don't allow news trading. Funding pips have a 10-minute restricted window around some typical high impact news. This minutes you can't open a position 5 minutes before a high impact news release. and if you had running trades before high Impact news release, you can only close it 5 mins after the news release. This summarizes the rule to 5 minutes before + 5 minutes After.
But this rule is not applicable for free trials account and evaluation accounts.
>This brings me to a concern that most things they permit on free trials and evaluations they don't allow them on Funded accounts. This goes for most prop firms.
Funding Pips 14-day Challenge Summary 2
>Also, their contract sizes for indices are weightier than FTMO. That means, mini lot size on NAS 100 can be an equivalent of standard lot size in FTMO.
>They don't charge commissions on Indices (NAS100, GER 40 etc), but they charge commissions on commodities like XAUUSD (Gold) and Currencies.
>They charge swaps on all assets but have positive swaps for BTC. This means if you're holding BTC trades overnight, the swap fees are in profit not loss.
I've attached my trading History on the Account.
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Funding Pips 14-day Challenge Summary 1
On Monday, Funding Pips terminated the challenge and disabled trading on the account.
However, I didn't breach the account, neither have it in drawdown but was able to close the challenge with a $2,000 profit on the account, and an excellent stat better than the FTMO challenge.
Moreover, these are the observations that stood out using funding pips prop firm services.
>They have positive swap fee for Crypto assets (BTCUSD)
> They have many features for statistics in determining the performance of the trader compared to FTMO.
>They have a slow and dragging Live feed update on the website that means they delay in updating stats automatically.
>They count calendar days (Monday to Sunday) for the trial, not trading days (Monday to Friday).
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