₦airaland Forum

Choose the job, USF should wait till you have garnered enough experience. We are too obsessed about paper qualification around here, forgetting that experience trumps paper qualification when you wanna sell yourself.


Frawzey

Toks2008: Its so unfortunate that most of us who claim to be fx traders acts so childish.

Seun is entitled to his opinion and the best thing nay one against his opinion can do is to prove him wrong hence its better we all shut up and stop criticizing him.

With due respect, most people making too much hype on this thread are starters in this business.

Mr perfect trader, I know why there has been peace since you left this thread. You "messiah" yourself alot! Read the boastful statements u wrote below

I have been in this for 5years now and talking about confronting seun on fx issues i believe no one here have done more than i did.

https://www.nairaland.com/197480/most-unethical-hypocritical-act-all
https://www.nairaland.com/248324/need-explanation-seun-naijacutie
https://www.nairaland.com/326505/seun-please-explain-why-placed

But i have come to realize that the best way to shut critics up is to show them proof that fx trading is profitable and not by noise making or making baseless comments.

Friends, lets face it and i believe that [size=18pt]i am in the right position to give you all[/size] one or two candid advice on this business.

Forget all you have learnt for a second. Talk about trends, support and res, Elliot wave,chart pattern, price action e.t.c i have read and understand every bit of all these rhetoric. I actually created a thread in 2008.https://www.nairaland.com/208970/trading-forex-right-way

You believe you are in the best position to advice us? Who are you? I don't take on anyone here but this deserves a proper response without using abusive words. Listen, U dont just lord your opinion over people here because its a public forum. If being isolated from the thread has made you spit this, kindly create yours and post alerts. Felix200 has a thread where he does his thing; do the same. Empty drums make the loudest noise

BUT THIS IS MY CONCLUSION

1.It will take the special grace of GOD for anyone to make consistent profit in this business trading manually. Take it to the bank

2.Spend time developing a good trading method and do thorough testing to be sure its dependable.

3. Automate this manual method and it costs about 200/300usd to convert your very own manual trading method into an EA which some people call robot.

4. Pay a vps(virtual private server) service to host your platform 24/7 and attach the software(your manual trading method now converted to EA or robot)

5. Go about your normal life and get busy with another business leaving your account to run on automation.

In my years of experience, i have come to realize that it is not lack of knowledge that make us lose over and over again but EMOTIONS.

If you are so sure you are good yet you keep losing your equity then don't fool thinking you can recover your loss through manual trade executions, you will lose more so switch to automation and be happy.

So guys, the only way you can proof to Seun that he is wrong is to show him proof that we can make consistent profit from fx trading for a very long time and that is what counts.

You are entitled to your opinions but the conclusions here can only work you, Mr Toks. Never chart a cause for someone else, we individually live and die by the decisions and choices we make!


Frawzey

fxisreal: u get time for d guy sha, leave him make he dey speak grammer

Alert!

sold GU at my planed level with 40pips sl may close it manually if break this level and join d buyer later.

Bommaster, just sold mine at 15528 SL: 15558, before I leave.


Frawzey

ayox2003: Different ways of seeing the market as seen from previous posters. Here is my take on:

1) Cable (GBPUSD) Daily TF, we should see an upside till it touches the channel and go back down cos the channel is quite strong.

2)USDCHF 4hr TF, a break below the trendline would be a good sell or the trendline could act as support!

3)Aussie 1hr TF, A break below the trendline would also be a good sell, however a resistance exists at 1.0284 making it look like a pennant or a mini (uptrend)triangle. Keeping my eyes on the break out

Fundamentals: No real data is gonna be pushing the market until thursday and friday so if the market aint moving, aint gon be wary.


Frawzey

Based on the analysis above, I executed these trades over the night but too tired to post them here.

Naijababe, you're right on Gold but watchout for resistance at 1475, Aussie traders should also watch 1.0336 for resistance. A break above it would be a good long position.

Lol, for those who think online trading ain't real, i made a little record of my Betonmarket trades sometime last year for 3weeks or so and here is the link https://www.nairaland.com/981377/daily-betonmarkets-trade-journal

Later!

Frawzey

Different ways of seeing the market as seen from previous posters. Here is my take on:

1) Cable (GBPUSD) Daily TF, we should see an upside till it touches the channel and go back down cos the channel is quite strong.

2)USDCHF 4hr TF, a break below the trendline would be a good sell or the trendline could act as support!

3)Aussie 1hr TF, A break below the trendline would also be a good sell, however a resistance exists at 1.0284 making it look like a pennant or a mini (uptrend)triangle. Keeping my eyes on the break out

Fundamentals: No real data is gonna be pushing the market until thursday and friday so if the market aint moving, aint gon be wary.


Frawzey

Op, we cannot delve into topical issues like this without an understanding of Nigeria's wealth. If I'm not wrong, the wealth of the country is what you are talking about - national wealth. By definition, total national wealth is the total sum value of monetary assets minus liabilities of a given nation. It refers to the total value of wealth possessed by the citizens of a nation at a set point in time.
Alas! The definition is self-explanatory. The keywords are assets and liabilities.

Straight to the point: our assets include both human and natural resources. Liabilities: monetary debts, wars and natural disasters that could wipe out a both natural and human resources. Do the math, Nigeria's wealth is not overrated. Infact, it is underrated. Listen closely, we are rich!

From the Late Chinua Achebe, Wole Soyinka - the great names in literature, to Philip Emeagwili, Prof Akinwande, Ndibuisi Ekekwe - the great inventors, the entertainment kings like Fela, Victor Uwaifo, 2face, Omotola Jalade, or entrepreneurs like Seun Osewa, Tunde Olabenjo or artists like Yusuf Grillo. In any field you randomly pick, there is an outstanding nigerian present. Plus all the unknown nigerians starting businesses and innovations everyday. OP, our human resources is an asset. I wanna add that the fact that the FG doesn't help millions of nigerians in any way makes us an asset too. We create our own electricity, water and shelter. Oh yes, we don't receive a dime/support from the government. Since we are not a burden on the government, then we are not liabilities. It means more than 60% of nigerians are 'virtual assets'. Abi now?

Natural resources: bitumen, oil, zinc, bauxite, gold, lead, tin, cocoa, cotton, groundnut, sesame, coffee, oil palm, livestock, rivers, solar, good weather etc. These are assets. Even Congo that has Cobalt worth $54 trillion cannot stand at par with Nigeria if all these resources are converted into raw cash. Our liabilities cannot match our assets even if its being doubled. How much is our debt? How often do we have natural disasters that create a whole lotta mess? How many times have we gone to war? Almost zilch.

Without going into why there's little development vis-a-vis our wealth, which I believe Mayowaak has trashed quite well, Nigeria's wealth is not overrated at all.


Frawzey

^ Lol. Very interesting. We all have stories. Two things: 1) appropriate lot size 2) set your stop loss and minimum target.

Great weekend to you all.


Frawzey

GEJ should atleast for the death of Saro Wiwa do something for the people at the grass-root level of Niger Delta. A trip to these villages would burden ones heart. The neglect and subjugation of these weak folks by the high and mighty is enough. I'm not from the region but I'm always hurt when the these folks don't get what they deserve. Yet, Alams, Ibori, and the crooks Madueke is working with have raped them of the fortunes that come out of their soil.

GEJ, Saro wiwa won't want you to politicise these cakes. The militants alone are not supposed to drink this milk. Extend your hand to the fisherman and landowners, the unemployed grads ,market women and widows. Create facilities for these people, provide them with what they need - good health care and good school. They are darn suffering! Ha!


Frawzey

The President is from Niger Delta.

The Minister of Petroleum is from Niger Delta.

We have the Ministry of Niger Delta whose boss is from Niger delta.

Yet, things have not changed in the region. This is what u get when u vote for "my village person"(ethnicity) over effectiveness and proven-track record. I rest my case.


Frawzey

JAkpayen: I think I'll still buy 'cos its better than previous GDP. What do you say? SL @ 1634

Bro I'm out. Low GDP means QE will not stop. And it found support at the fib.

Jsh, u're right. Been a long time. Exiting the market.


Frawzey

I'm out of the market. Remember say QE go continue oooo.


Frawzey

Ivynwa: Markets ranging here and there. What's causing the consolidation, hope it all brings good tidings at the end of the rainbow.

Amen. The market get as e be today. All of dem dey wait for the US GDP. Gold deflected off the 61.8% fib. The GDP would be the determining factor.

Catch you then.


Frawzey

ayox2003: Watchout for the psychological 153.00 strong resistance, once its broken will test 153.74. Lets see cos yen is strong today walahi.



Frawzey

GBPJPY is now slugging it out with 153.74...very tough ijakadi but I doubt if it would win.

naijababe: Wow!!! Gold be doing me well o. EJ is mehn.

EJ has been acting like transformer today, step-up and step-down

Gold is going very good at the moment its facing a resistance at 1455.87, 50% fib. If it breaks the R, it would go up higher loke-loke

Looking to close shop by 5pm.


Frawzey

Koolwilly: Please I am an electrical engineering student that's due for internship. How can I get to do my internship in the telecom sector?

How long? Anyways, just PM me.


Frawzey

naijababe: I no wan see any yeye strength o abeg!

Me self ooo e don weak small now sha cos market don dey move past resistance.

U still dey hold the Gold?



Frawzey

honeric01: Nice one GU. Target met.

See you guys tomorrow.

Game mode activated!

Nice one sir! Already closed for the day! I envy u ooo


Frawzey

Watchout for the psychological 153.00 strong resistance, once its broken will test 153.74. Lets see cos yen is strong today walahi.



Frawzey

Hunkyimage: i wanna feel the momentum and see the action bias

Buy!

Hunkyimage: like what time will the action begin?

Action begins 9:30am sir U wanna trade the news?


Frawzey

case study: @ayo, a similar picture is seen on the GeeJay chart too. we are at the verge of a break out. lets keep our fingers crossed and ride along as events occurs in real time

Noted! The UK GDP would be the determining factor!



Frawzey

Prettywoman: Thought u also bought Ej,did you close the trade?

Yes I closed it immediately i saw there was an holiday in Australia...Investors would buy yen cos australian banks aint working.



Frawzey

Bought Gold with 30 SL and 120pips TP cos it broke 1432



Frawzey

On the 4hr chart for Gold, resistance turns support at 1421 but another resistance is at 1432, a break above 1432 would be a long-long

EurJpy 4hr triangle, trading the breakout. . . might not be today.



Frawzey

Good development.



Frawzey

Seun: Do these alerts actually make money consistently?

Man yii, igbawo loma believe ninu trading?

Contact Naijababe for details. Terms and conditions apply.

I hail all of una o.


Frawzey

justsayemma: If only he can use the kind of desperation he is usin to fight percieved political opponent,to fight insecurity,corruption and improvin †ђξ lives of Nigerians,I would have bin pleased wit him.

Exactly. He's the new PHCN. Power Holding Commander of Nigeria. Yet, some folks will justify all these corruption cases the administration swept under the carpet.


Frawzey

First off, Guardian newspaper doesn't, in the smallest way, lean towards the opposition. Infact when every other newspaper had the caption of the presidential pardon given to Alams, guess what Guardian wrote, "Gowon endorses Alams pardon". So quit all the propaganda stuffs. Abati still has a large influence on the newspaper and the Ibrus (Owners) are friends of the administration.

Second, as we all know that power corrupts. GEJ, the gentle VP, who was held up by OBJ, has suddenly become the Napoleon in Animal Farm. First it was OBJ, now its Amaechi. Then it was "Just give me one term, I will spend just 4years". Immediately he stepped in, he sought to change his tenure to 7years. Power has corrupted our dear president.

Third, PDP is at its weakest link. Their circle of influence is very small. OBJ isn't concerned about how it goes down in PDP. Anenih can't even win in his own ward, Tukur is just a name on paper with no strong effect. Amaechi, the most popular PDP governor, is facing a tough challenge in the party. There's no candidate that can trump Buhari. For the interest of democracy, now is the time for the opposition to get their acts together and do what's right. Let's just break this PDP jinx and have a new lease of governance for the betterment of Nigeria.



Frawzey

There things going on in this country that we would never know. Imagine Tompolo getting N8.5 billion for securing two states, Dokubo N1.6 billion for some parts of Rivers state, Fasheun just got N2 billion. Approximately N12 billion? I remember that the money budgeted towards security that year was N900 billion. What the hell are they turning this nation into when a decent graduate cannot get a job or create his own business because they don't have any support?

Yet the FSU guy posted that GEJ should give then the 'crumbs'. Time will definitely tell.


Frawzey

Busy schedules aint making a man trade.

I hope it stops this weekend so that we'd dice these pineapples together.

Congrats to Endfx...a whopping 80% profit!!! Oya pay ur tithes to Pastor Frawzey

Have a nice weekend y'all.


Frawzey

oloriooko: on which political platform will he contest?

What gives? I just will vote for him.

mekaboy: You forget to mention he is stubborn enough to work with Tinubu . Stubborn enough to call for bloodshed that took the lives of innocent coppers. They say the youths are the leaders of tommorow yet a 70 years old man is asking for blood of innocent youths to be shed so he can achieve his selfish ambition

When he worked with the "incorruptible" fierce Pastor Tunde Bakare, who rejected the $50,000 transport fare from Lagos to Abuja, given to him by GEJ, he was also castigated and nailed.
I really don't know if this nation is cursed not to have a good leader. Or they have cast a spell on the minds of the people not to vote based on records.

Anyways, now that they have formed a merger, in order to appeal to various parts of the country, will he work alone? Won't he work with various party members? Fashola works with Tinubu, Oshiomole works with Tinubu and these guys are bringing change to their states. Why can't Buhari do the same?

Listen closely, I don't like any political party. But I'm more concerned about the reputation of the person. If Buhari has proven to be a good leader in the past, why not give him a chance?


Frawzey

onatisi: this man is simply arrogantly stubbourn

Let him be arrogantly stubborn.

He was stubborn enough to fight corruption when he was the head of state - even against Babangida.

He was stubborn enough to start War Against Indiscipline (WAI) that birthed Kick Against Indiscipline (KAI) in Lagos.

He was stubborn enough to distribute a bags of rice to civil servants when importers hoarded rice and the people were starving.

He was stubborn enough to reject the IMF's proposal of devaluing the naira so that nigerians won't pay exorbitant prices for goods and services.

He was stubborn enough not to increase interest rates to 30% as proposed by the West.

Please give me this stubborn man anytime anyday. And if being stubborn translates to good governance, I'll rather vote for a stubborn man than a gentle dove.

It irks me that people don't vote based on in-depth knowledge and record. Sentiments, outward appearance, tribe and religion beclouds reason and justice.

If we pass this to the next generation, we will fail once again, like our ancestors.


Frawzey

hrmkz: Why cant he just forget about the presidency.. it is not do or die.

Do or die like OBJ, the PDP lord, said abi?

Read about Abraham Lincoln - the nuumber of time he contested elections in his entire life...and he's one of the most respected presidents in the US.


Frawzey