Fxwarrior:
Gold Alert

Sell stop gold 2035

Stoploss 2040

Target 1: 2005

Target 2: 1980

hopefully it should drop lower than that

peteregwu:


On EURJPY, I have closed it at 300pips. Reason is because my analysis was from daily and last week close on weekly never closed above 158.523, therefore a double top is formed on weekly which is dicey for me.

Finally oga don allow EJ to fall oooh, I can now sell in peace 🤣🤣🤣

.

Who's looking at gu today...
I don resume duty

Donsheddy:
Who's looking at gu today...
I don resume duty

I long-ed it.
What are you planning to do?

Maculadensa002:


I long-ed it.
What are you planning to do?

Im thinking of doing same...
But im waiting for a clear sign...

Got my eyes on 27200

Davigle:


Finally oga don allow EJ to fall oooh, I can now sell in peace 🤣🤣🤣

😁😁👍👍

Donsheddy:


Im thinking of doing same...
But im waiting for a clear sign...

Got my eyes on 27200

Ouh, sorry. I thought your were talking about EU. I just read your comment again.

Maculadensa002:


Ouh, sorry. I thought your were talking about EU. I just read your comment again.

Oh okay

nzechu:
hopefully it should drop lower than that

Hopefully so and we see 1980 by Tuesday/Wednesday

Hello everyone.
Please, i long-ed EU, is it safe?

Gu giving me every reason to sell... But im stuck on buying...

Donsheddy:
Gu giving me every reason to sell... But im stuck on buying...

Can you please help me understand why you are stuck?

PraiseGod4u:

Can you please help me understand why you are stuck?

Overall trend on weekly and monthly is bulls...

After nfp the bullish move on Friday indicates bulls presence....

My only headache was market skipping 25950

But im riding bulls now...

Fingers crossed

Otilor

Today's TP could be 2005/08 as price is expected to retrace to 2022 region for another possible run to 1980 tomorrow.

Fxwarrior:
Today's TP could be 2005/08 as price is expected to retrace to 2022 region for another possible run to 1980 tomorrow.

Alternatively I exit by 5:00pm

peteregwu:
On GBPAUD, I am looking at it and taken a little position on it. we could see a huge drop of 1k pips below. It could also be a risky trade also.

On gbpaud, sl is hit.

yeeeee 😭😭😭😭😭
frustration no go kill me oooo, I bought Bitcoin yesterday at 43500k and stoploss at 43000k, only to wake up and see price hit my SL and now Bitcoin is at 45000k 😭😭😭
Lord why me, why am I a failure naw

oil were con follow too, I have been bearish all through last week, but I missed the first dump on Monday, when price retraced and gave me an opportunity on Wednesday I jump in an sell only for price to change structure on Friday and I close it for a small loss, this morning I bought oil and I was thinking that finally align myself with the market only for it to dump hitting my stoploss. Oh my chest, my brain is paining me 😭

Hello fellow traders
Please what your review on Ftnaija prop firm....
Make I no go make mistake

Obioramichael:
Hello fellow traders
Please what your review on Ftnaija prop firm....
Make I no go make mistake

there are numerous prop firms that have established themselves.

Better stay away for your own sanity

RKTexpert:
TFT Feb competition would be rewarding a 10k dragon challenge account to whoever that hit the 25% profit target; I go like participate so that I can test-run us30 & gold only.

I'm on the January Challenge now. Na That dragon Challenge I dey target. Up about 6% on the account.

Sir, like say one doesn't hit the target by the End of The Month, could it be extended to February or one has to register afresh for the February competition??


Thanks very much sir.

Fxwarrior:


Write this out on paper and keep it safe.

Gold hit 2017!
So, are we to short it. And if we are, what's our TP sir??

Davigle:


In my opinion I think you're missing the point, the aim here isn't to use the DXY for trade entry but as a confirmational tool in determining a directional bias. for example, let's say you trade one of the xxxusd pairs, since the DXY represents the dollar, you would want to trade in an environment where the DXY may be moving higher while the xxxusd moves lower and vice versa. but in a scenario where both the DXY and the xxxusd are moving in the same direction it could definitely lead to a choppy or range bound environment or some sort of manipulation maybe taking place although it doesn't happen often. I personally analyse on the HTF and I want to see it in opposite direction with gold, but there are times that both gold and the DXY moved in same direction. this was caused due to geopolitical tension, you can check your charts to how price moved in the same direction on both gold and the DXY after Hamas attacked Israel, the same can also be seen when Russia invade Ukraine in Feb 2022. I hope you find it insightful

So basically, we trading GU and EU and other stronger currencies would be caught in a range most of the time right??

LincolnOnyeabor:


I'm on the January Challenge now. Na That dragon Challenge I dey target. Up about 6% on the account.

Sir, like say one doesn't hit the target by the End of The Month, could it be extended to February or one has to register afresh for the February competition??


Thanks very much sir.

You have to register afresh

Jameselias:

You have to register afresh

Alright sir


Thanks.

Davigle:
yeeeee 😭😭😭😭😭
frustration no go kill me oooo, I bought Bitcoin yesterday at 43500k and stoploss at 43000k, only to wake up and see price hit my SL and now Bitcoin is at 45000k 😭😭😭
Lord why me, why am I a failure naw

oil were con follow too, I have been bearish all through last week, but I missed the first dump on Monday, when price retraced and gave me an opportunity on Wednesday I jump in an sell only for price to change structure on Friday and I close it for a small loss, this morning I bought oil and I was thinking that finally align myself with the market only for it to dump hitting my stoploss. Oh my chest, my brain is paining me 😭

Baba, na so this Market dey be oooo.

Him no care or send anybody ooo

Eu bought let's see how it goes
I keep it simple, this is a simple break- out retest setup nothing more!

Fxwarrior:
Today's TP could be 2005/08 as price is expected to retrace to 2022 region for another possible run to 1980 tomorrow.

About 2 hours to exit.

BTC next target is 46k, 😢

LincolnOnyeabor:


So basically, we trading GU and EU and other stronger currencies would be caught in a range most of the time right??

No, what you need to understand is that currency strength and weakness changes from time to time. there are times in the market whereby certain currencies are strong while some are weak and vice versa. for example EU and GU are inversely correlated with the DXY, so that means that when the DXY is strong (ie. it goes up), EU and GU should be weak (ie. comes down) and vice versa. but there are times whereby the DXY will be strong, EU strong and GU weak, what you will see is that the DXY moves up, EU will be range bound because strong currency against strong currency while GU will drop heavily. What you should be aiming for when using the DXY is that, if the DXY is strong, you need to find a weak currency and pair it up with the DXY and vice versa. hope you find it insightful