₦airaland Forum

I have a friend here who comes to check on me whenever i'm home. He's also a trader. Omo come see him reaction when bernanke talk finsh, The independent madness in UJ showed his trade EU now above 1.3200


Frawzey

Fed says fiscal policy restraining economic growth; maintains $85 billion monthly pace of bond buying

Close any Euro short!

Frawzey

fxisreal: FOMC Statement in 30 minutes time, may be this is going be the start of the crash in euro pair.

@kcc515 i hope u able to close your En before this time sha. am planning to take my sell position on the pair soon

@ayo what do u c to the coming fomc?

What I heard this morning on Bloomberg was that investors are expecting the Fed to continue QE at $83bn.

If they dont ease up to that amount, dollar will rise. So lets see what they've got to say.


Frawzey

naijababe: You guys are on a roll today. UJ is an independent madman; that is just classic . By the way, am I the only one still holding the short on EJ. Kudaro and his henchmen will be on the prowl tonight, I will be doing night vigil

You are not alone, I'm here with u - in Micheal Jacksons voice!

fxisreal: front page ke? that doesn't met front page criteria before oga the the top. may be if that eventually turn to -150 yeah! all the world need to know what we are cooking here

Abi, people are naturally inclined to negativesssss. Like there are no positivessssssssssssss. I rest my case.


Frawzey

naijababe: TP hit on crude. 950 pips in total from my 4 positions. Bought again at 90.60, sl at 90.00

I hope it makes front page! Good to hear!

Tithe and offering please!


Frawzey

endfx1: EJ buy do me well thank God i closed before my laptop whent off...

@naijababe,Ayox and Infofirst please i have a question.

Is it that EJ follows EU than it follows UJ?......recently i have noticed UJ moves on its own without minding what others are doing how true is this observation?

Those are the only two paires i trade so i need to get something straight

Thanks

Good question!

The simple answer from my viewpoint is that EJ doesnt follow UJ as much, just once in a while. Here is how I classify pairs: (UJ, UCAD, UCHF)....(EJ, EU, ECHF)....(AU and NU). Since the 24th of April the U-pairs...UJ,UCHf and UCAD have all plunged. Unlike EJ, EU and ECHF. Same with AU and NU. The main thing is just that I dont know who leads but UJ is an independent mad man


Frawzey

meshpips: Here's a chart.

Oh I see! One reason I come to this thread is because of things like this; what other people are seeing that I aint even seeing.


Frawzey

meshpips: Try keep an eye on your sell. I mentioned a sell cluster around 129.20 - 129.4x

Yeah sure! Watching how it behaves around 128.00 and would be moving to BE+20 soon

Rozayx5 what does mean? Whats the oracle saying?


Frawzey

Another powerful data is coming out in 2mins. Today na today!


Frawzey

kcc515: Price moved past TP, TP didnt take (ForexTime, Formerly Alpari) I just dey watch the action movie for here ooo, lol
Does it not make sense to just hedge the profit by taking opening an opposite position

ForexTime is naija broker now. Quit those dudes!

Well, I sold EURJPY earlier again sha! The channel holds.


Frawzey

Hey EU,

YOu have said nothing but the truth but come-to-think-of-it, you guys created it. You enthroned IBB and made him start the SAP that killed this economy. Buhari that didnt allow your evil motives, you ousted him. Same with Muritala. If the foundations be destroyed, what shall the righteous do?

You have almost destroyed the foundation of this nation that its so difficult for this country to rise! You enthroned leaders that would only yield to your commands thats why GEJ cannot build refineries. GEJ knows that $600m export of goods to the UK is done yearly and 99% is oil - the oil Britain refines! Making our trade deficit so large! So until you leave our leaders alone and stop these propaganda, we wont grow as a nation. Until you allow Buhari, who spat on IMF policies or fearless leaders like Patrice Lumumba of Congo, Allende, Thomas Sankara and Steven Biko to serve their people and their people alone, Africa shall not be free! Libyans that were not poor because they had a fearless leader, what did you do to them? Or why did NATO kill Gadaffi? Where are libyans today, whats the pride they have?

Or do you want me to talk about how u have crippled our agro-economy? Or how France supported Ojukwu because of Niger delta oil? Oh! These things have a long-term effect on the black man, they have found their ways into our present crops of leaders, making them corrupt and power-drunk!

But Africa will definitely rise again! Africa will stand tall! We will get the leaders we deserve not puppets!


Frawzey

fxisreal: +10000000 with d bolded.

I'm blushing oh! Hehehe


Frawzey

kcc515: 70 pips on EN. Racing towards Fibo price projection

Wow! Fib, support and resistance with stops you can afford to lose. Let your mindset be prepared that it believes trading is easy! Poco-a-poco, u'd get it very right and even when u lose, u wont feel down because ur mindset will calibrate itself that the market is always there. Keep learning and read books.


Frawzey

meshpips: Let's be careful with shorting EURJPY, I think it still has to get to 129.20-129.45 price cluster before we will have proper supply.
Jakpanyen called out a lovely level for selling EURUSD (1.3299)
@ ayoox, I think 91.37 is a lovely level to buy WTI within the next 24 hours.
Enjoy your day.
There is still very heavy hidden buying going on for AUDNZD, I expect the mark-up to be explosive when it finally happens.
Mesh.

I cant see the buying on AUDNZD, more like selling.

Will keep a close eye on that level and 91.47


Frawzey

OliverPin: adp non-fm + us session. i tire

Just saw it now! Thanks, EJ took out my 20pip stops before heading down! Market frenzy

Naijababe and Meshpips, check oil


Frawzey

HNosegbe: I fail to see how the highest paid lawmakers on earth (relative to legislative output) possess the moral standing to successfully prosecute an investigation into executive recklessness.

Heck, my instincts tell me all will go quiet once they receive their share.

Na today?

Yes we know yhey are the well paid but cant we just sit down and look more into issues and less into people.

These same senators, through Bukola Saraki, drew our attention to the subsidy scam thats been happening - the rise from 250bn to 1.2trn.

Please let them do their jobs! Half is better than none!


Frawzey

OliverPin: big upcoming fundamentals. if you on profit better adjust.

Which one is that again? Markets been wayward!!



Frawzey

umozez: I heard ECB will cut policy rate to 0.5%... How is it goin to affect the mkt?

Really?

Anyways, once they cut interest rates it means the interest on loans becomes smaller. And once the interest on loans becomes small, one can easily go to the bank and get money and not be scared of paying back, the ease of cashflow becomes great and it leads to inflation because everyone has money. So the value of cash money drops! You know when the value of money drops, u buy things at higher prices

To save the sermon, Euro drops/sell-off when interest rate is being cut!


Frawzey

Prettywoman: It has touched there

Madam, we can now sell it, sorry for my late response, just got back to my pc

Put ur SL just above the channel around 12888



Frawzey

Lol, my channel talks no dey too much sha?

This is what I'm seeing on EURJPY, it would atleast test the upper channel-line @ 12886 before heading south!


Frawzey

Omo, there's UK PMI ooooo

Thank God the trade didnt get triggered


Frawzey

Buy stop @ 084878 SL: 08458 (30pips) for EURGBP

Looking at Cable (GBPUSD) for a sell


Frawzey

mama-gee:
[color=deeppink]Ozil made us lose. . .

He was a selfish id!ot[/color]

Exactly! Ozil killed the match. Too selfish.

Mou should just leave spain and come back home - chelsea! The conspiracy against him is just too much. We want him back!


Frawzey

Closed all trades. Market is wayward ATM.


Frawzey

Ha! Onlineresources is 23! Yay! Happy birthday sir! I'm still young ooo. Will clock 12 by October. Yes twelve years old. Congrats bro but April pikin una plenty o. Shine on sir.

Mobile at the moment. But keeping up with the price of gold here http://www.goldprice.org/ so folks could just bookmark the site on their mobile devices for real-time price.

Still holding all previous alerts.


Frawzey

A descending channel on EURGBP.

A good sell would be at 0.8465. A sell-limit at this price with stops at 0.8485 (20pips), just executed.

Still holding previous trades.


Frawzey

Bought Dow at 14810 SL: 14790 with eagles eyes!


Frawzey

naijababe: ^ Abeg leave story, all na wash! Like OATT is really doing this because he cares. It's all about the Benjys jo. If he truly cares he'd ban the thread all together and when that happens, we'll go somewhere else. Is it that difficult to have a yahoo/facebook/google+ group ni?

Yeah i know, but really its crazy!!! Three whole threads on the same subject!!! Haba! Na him sabi jare...

Anyway, Dow just broke the triangle. Will buy after the 4hr candle!


Frawzey

Its so sad when the owner of this site acts like a kid just to prove a point on the negative!

1) Seun has been on this for years, always bashing this thread while it keeps growing in leaps and bounds!

2) This is the longest thread in Africa, no thread in the whole of Africa has kept the pace with which this thread moves on a single title.

3) This particular thread is the 13th season. Season 1 -12 has nothing less than 100pages each.

4) Trying to convince people about trading wont change anything, life's a lonely road where u choose what u wanna become. Some folks even play xylophone for a living and they are happy about it.

5) Trading is a skill. You gotta read books, learn techies and fall before you rise again. Trading is not yahoo-yahoo where one maga pays.

6) People who trade and make money would never quit trading. Trading is fun, its life, its unique. An hour watching BloombergTV or CNBC would give anyone a glimpse of what market analysis looks like

7) If Seun wants to close this thread, he should just do so. All these glib, baseless and unfounded theories would rather make young africans who wanna be traders feel stu-pid and discouraged. A nigerian girl represented Africa on CNBC's TopTrader competition and she did quite well. She inspired somany africans. Now if those young folks see the barrage of negative topics on the frontpage today, you can guess how discouraged they'd feel.

I rest my case.


Frawzey

Vxtr, I have followed back and sent a request, now shoot.

For Cable: Support 1 and Support 2 are key levels 1.5491 and 1.5469 respectively. This pair has somany helluva minor support and resistance ah!

Aussie: Not Trading anymore.

DowJones: Ascending triangle, watchout for a breakout at 14792.

Gold: Channel, good buy going up


Frawzey

Just closed my long on Aussie because it didnt break the 1.035 resistance, entering for a sell. Swinging things

@Naijababe, no mind am jare.

@Igwe, na so Mr Toks acts like an insecure fella. Lets focus on the market jare.


Frawzey

vxtr: @ayox2003, u ve got mail bro.

Yeah, just saw it. Will follow back.

For those who bought Aussie, it broke the resistance at 1. 0336 next resistance is 1. 035, if it does break this R, it would go up higher

Still holding the Cable short, minor resistance are rife on this pair!

Naijababe, forget about the Mr Toks jare. . . Igberaga e ti po ju