Nextt:


Bet the farm. Actually, the exaggeration was only meant to convey the confidence level of my observation. Price can send me to village in one sudden counter move 😅

Jameselias:


I wasn't talking to you

GabsonFX2:
More than 220pips total running.

Actually, swing is just getting confirmed and has not started yet. My hope is that today closes bearish, if yes, and tomorrow closes bearish but even if tomorrow closes bullish, she should not close above today: if these play out - I can confirm a full swing, and will run her till next week Wednesday ish.

If all these work out, I plan to exit at 600pips on each trade and press on withdrawal.

gnykelly:
Good afternoon is there anyone who fund DERIV account here. macphilip seems to be extremely slow.

Elliotwaveforec:

Boss, I dey 170 pips like this. I don comot!

AK284:



Brother,I was just wondering,just some hours ago, you advocated gold buy why you selling heavily.
I hope and think that is not intentional.

AK284:



Brother,I was just wondering,just some hours ago, you advocated gold buy why you selling heavily.
I hope and think that is not intentional.

Elliotwaveforec:
Closed!;Selling now.

Geovanni412:
Nigeria defies all known economic laws and projections


Unrelated to fx, ard 2021 and early 2022 period, I looked at charts and did some analysis on Nigerian stocks like Jaiz Bank, UBA and the likes of Ftn cocoa and chams.

Now, all these stocks have done well but most will yield you a net loss on your investment in the end

If you bought Jaiz bank at 0.6 naira in June 2021 and sold today at 1.65 naira, you have incurred a loss, even though price has risen by 2.6x, which is fantastic.

As at 2021, naira to dollar rate was N 420

Today, we are hovering around N 1200

To break even in terms of dollars with a 5% profit, you need the stock you bought to have risen by 3* the price within 2 years

If anybody advises you stock market anything naira, show them this maths.

Better to buy gold or save in dollars

AK284:


Your analysis are very correct,but that is purely because of inflation and naira loosing ground again dollars very fast.
I think saving dollar is good but gold is cyclical.

Elliotwaveforec:

I changed my mind when gurus said it's going south! And I reanalysed and arrived at the bears.

I closed now for a correction towards 1969 before joining the bears again.

Geovanni412:


We've never had it this bad so quickly

Pdp era was much better in terms of exchange rate stability

What do you mean by gold is cyclical?

AK284:
[/b]


I mean the price cycle,the movement of price from time to time,like a wave.
Or do you think gold is always go up irrespective of anything?

nzechu:

Nice outlook.

But this is what I am looking at on eurcad, a correlated pair

Witchcraftfx analysis
Buy limit at the line indicated as test
Tp at 423% line
SL at low of today's candle

ernesco0816517:
Us30 craze pass Gold oo,the idiot reverse without notification, nearly send me parking today.

saintfaculty:
Can we take this money on Eurcad ?

saintfaculty:


Just as I anticipated on eurcad, we done chop the money

Davigle:
A big thanks to all that quoted me, I really am opened to learn, and yes I do see the bearish sentiment that most traders have on gold, but I think it's a pullback from my view of the higher timeframe perspective. I maybe wrong but here's what I'm seeing on the 4hour chart. If I'm wrong, I'll definitely find out where I'm wrong...

Davigle:


Good evening house... Hope we all had a profitable day. So my analysis on Gold earlier on didn't play out as I was anticipating it, so i had to study the charts again on the higher timeframe (weekly, daily and 4hour) and here's my view on gold, I'm still bullish on gold long term. The reason why my analysis didn't play out was because of the overall bearish sentiment on gold which I was forewarned off by elders here and also on the weekly and the daily chart, price was being drawn to the BISI which should send price higher, so I'm back to the sidelines and will be watching how price reacts to the BISI this coming days or by end of the week...👇👇👇
I really hope I learn how to wait for trades to fully form like boss gabsonfx.... Cheers to everyone and a big thanks to all elders (cc: geovanni, kaesyrn and co) for your contribution caused I learned something new on the chart today...