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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts / Discussions: Season 24 (128420 Views)
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Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 3:52pm On Apr 14 |
XAUTrader4L2: I understand your point of view but do you know that the fundamentals that really affect commodities market are different from the crypto markets and don't forget that the commodities market is one of the oldest market in the world, they've been existing ever since b4 the creation of cryptocurrencies. things like supply and demand and geopolitics really does affect this market. ah don't know about crypto because they haven't been around for that long |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 3:54pm On Apr 14 |
nzechu: maybe or maybe not, but which ever way the markets go, I'm definitely following her along, I'm here to make money and not to be right all the time. being right doesn't put money into ones account... π 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 3:57pm On Apr 14 |
PriceActionZ: No offense taken bossmi, I really appreciate you for cautioning me, and I fully understand what you've said. like I always say, I'm always ready to learn, I honestly don't have the time to fan my ego, nor try to prove my skills in this market, all I wanna do is learn and make money and then keep repeating the cycle for as long as I can. cheers 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 4:05pm On Apr 14 |
To be honest mates, being right or wrong doesn't really matter, what matters is that one should always be adaptive in cases where your analysis turns out to be wrong. We are always trying to do the impossible in this market every day when we analyse our charts and that is predicting the future. being adaptive does help a lot in changing market conditions. whether gold's gaps up or not, I'm definitely going to be adaptive, if it fails to go up, then I'll accept I'm wrong and then follow it down to the next support zone which is 2320. cheers 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by sammynr: 4:28pm On Apr 14 |
Davigle: |
Re: Forex Trade Alerts / Discussions: Season 24 by XAUTrader4L2: 4:30pm On Apr 14 |
Davigle: Yea i get what u are saying. I know gold does well during times of crisis and war but only when investors consider it a safe haven, a risk on asset. What has been driving gold prices higher is the expectation of rate cuts from the fed but with the continues increase of inflation, that expectation has being dying down making the US dollar more attractive. At the beginning of the year it was 6 rate cuts that was expected this year, a month ago it dropped to 3 and now nobody knows. I may be wrong though. |
Re: Forex Trade Alerts / Discussions: Season 24 by XAUTrader4L2: 4:31pm On Apr 14 |
Davigle: Las las |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 5:08pm On Apr 14 |
Davigle:I want to assume you didn't mean this part. If being right doesn't put money in ones account, then being wrong does what then? Fills the account up? |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 5:32pm On Apr 14 |
Cashhy11: First of all, I speak from my own limited experience and perspective, and there are many times I have been right about the market and ended up losing trades or money in the end. there are also times that I didn't know what was going on or I wasn't sure about what was going to happen in the market but still had a profitable trade. the point I'm trying to make is that we can't always know what will happen in the future or in the markets with utmost certainty but either right or wrong we can always manage our risk appropriately, hence why I advocate for being adaptive with your analysis I guess a better rendition of what I meant to say is that being right doesn't put money into ones account if you don't manage your risk appropriately. maybe you may agree with me on that sir... 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Fxwarrior: 5:43pm On Apr 14 |
Cashhy11: While we try for our analysis to work, sometimes the market has a mind of it's own. Take for instance, fundamentals are saying buy while market is overbought, technicals will win eventually and market will sell. If you hold tightly to your bias, you'll definitely lose money. So wait and follow the market direction and be profitable. That's what he's saying. But of course being right has it's perks too. Just don't trade blindly. |
Re: Forex Trade Alerts / Discussions: Season 24 by Fxwarrior: 5:50pm On Apr 14 |
From my deductions, everybody is confused as to direction of gold due to how It ended on Friday. 2500 is a psychological level. That's all. For direction, Monday will determine; It could either go to 2400 region, turn around 2355 region or an outright sell to 2320 region. These are 3 possibilities. The hourly candlesticks are not convincing for now unless they become bold on Monday. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Fxwarrior: 6:02pm On Apr 14 |
Wednesday and Thursday are expected to be unapologetically bullish for gold even if Monday and/or Tuesday is bearish. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Fxwarrior: 6:11pm On Apr 14 |
Samfelly what is your uncle, Mr Powell saying about gold? |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 6:16pm On Apr 14 |
Fxwarrior: Arghhhhhhh, ogami, abeg make dat werey man no talk anything ooo, we neva cash out Israel Iran fight yet ooo, make im wait small b4 he open him mouth 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 6:36pm On Apr 14 |
Fxwarrior:The bolded is you describing me. That's why I don't trade around news period. I trade a very simple system with extremely less complexity to it. I buy whenever my technicals tells me to irrespective of trend. I don't even have any bias to start with, having bias is like you already trying to predict, I don't predict, I react. I'd rather lose to what i believe in, than win to what I don't believe in or by luck. Gabson has been selling gold for days now irrespective of the massive bullish trend, that's how I trade. Check this BTC trade out, I don't trade it, but when I read here how Btc is crashing due to the war ish. I pulled up and drew my thing around it. Guess what happend after?[image attached below]. The coin found support on Wednesday March 20th, and reacted and created another support again today, smooth sailing to the 1:1 I trade [it only took less than one hr to move from my entry 63207 to 64661TP]. It would have been an easy trade, but I don't do anything apart from currency pairs. It was dropping according to fundamentals or whatnot, but I still won nonetheless with just my TA. 1 Like
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Re: Forex Trade Alerts / Discussions: Season 24 by Cashhy11: 6:41pm On Apr 14 |
Davigle:For something one will be doing for a very long time. One needs to have accuracy to a certain degree. |
Re: Forex Trade Alerts / Discussions: Season 24 by DCroc: 7:13pm On Apr 14 |
Trading is not a game of perfection Trading is a game of excellence |
Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 7:14pm On Apr 14 |
Fxwarrior: You're right on this... The weekly candle still indicates bullish presence... While the daily candle is saying other wish... Except last week low is cleared... Its Not too clear for bears but im bearish on gold except I see another bullish daily candle |
Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 7:29pm On Apr 14 |
Fxwarrior: Gold is bullish unless market breaks to 2305 on Monday That is the analysis. Bitcoin is bearish - march monthly low has been taken out, Any change of direction will take minimum of 3 days. |
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 8:34pm On Apr 14 |
Fxwarrior: He is confused at the moment. He doesn't know if Iran used all the money they (US) gave them to Short the market or Long the market 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 9:22pm On Apr 14 |
Oil, gold and silver definitely to gap up at market open, Israel confirms that it plans to retaliate against Iran within 24 to 48 hours. some say that it's going to happen tonight but it has not been confirmed yet. either way this just heightens tension in the middle east again, more selling in the crypto space... |
Re: Forex Trade Alerts / Discussions: Season 24 by AK284(m): 9:51pm On Apr 14 |
Davigle: This is a sure banker Bibi( Benjamin Netanyahu) is old school politician,there is no forgiveness in his record. He has been waiting for Iran to enter this trap long ago. Bibi considers Iran as Isreal's number one enemy. Now Iran just gave him an alibi to attack her. United States will not be able to stop this. Retaliation is sure banker. This will be a catalyst for gold,silver and oil bull market continuation. My Opinion though. 1 Share
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Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 11:23pm On Apr 14 |
Davigle: And as anticipated, gold and silver gapped up at market open, while oil didn't gap up, it spiked up. cheers mate 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigle(m): 11:45pm On Apr 14 |
Cashhy11: touche |
Re: Forex Trade Alerts / Discussions: Season 24 by TradingGod: 7:39am On Apr 15 |
Buy the rumour Sell the news |
Re: Forex Trade Alerts / Discussions: Season 24 by Fxwarrior: 7:44am On Apr 15 |
Best to wait until Wednesday or Tuesday. |
Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 9:11am On Apr 15 |
Another day scalping gold done 3 Likes 1 Share
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Re: Forex Trade Alerts / Discussions: Season 24 by G30fx: 11:52am On Apr 15 |
GOD and US30 have practically refused to show us where their next movement is heading to but we are still waiting for them if i didn't learn anything in FX trading at least i learnt to be comfortable with staying idle waiting for the right charts formation regardless the hours it takes 3 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by F1re(m): 12:06pm On Apr 15 |
Feast on the bears and currently dining with the bulls 2 Likes 1 Share
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Re: Forex Trade Alerts / Discussions: Season 24 by G30fx: 12:10pm On Apr 15 |
G30fx:I am watching Gold in a selling mode am only waiting for the confirmation first b4 i sell |
Re: Forex Trade Alerts / Discussions: Season 24 by F1re(m): 12:12pm On Apr 15 |
Final Exitπ¦
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Re: Forex Trade Alerts / Discussions: Season 24 by NPFLADMIN(m): 12:21pm On Apr 15 |
Please is anyone using pocket option to trade here? |
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