₦airaland Forum

Isabella89: Thanks Sweet.
Pls one last thing people, anybody that knows a good bank that has a good VISA card that one can use within Nig and outside Nig should enlighten me and i won't have to interrupt your 'catch-them-pips' thread again, okay lovely people?

UBA Africard is a very good one. I use it frequently in Nigeria and out of Nigeria with no hassles whatsoever. However, take note that foreign ATM w/d charge is about N1050 - when withdrawing outside naija.

Best part is that you can apply and get the card same day with just N1k as it is not attached to any bank account - it's a stand alone prepaid visa card.

You can also use it to shop online conveniently. I have tested this on Facebook, Google, namecheap, etc with no probs.

Finally, it has the feature of checking your transaction history online. You can as well perform a card-to-card transfer to another card holder via the internet.

....and in case any of una think say I dey work for UBA (cos of the lengthy "promotion" ), the answer is no

I am just a satisfied user of the card, and trying to help out.

Hi everyone. It's good to drop by here after such a long time.

It's good to know that there has been a lot of activity on this thread since I left.It goes a long way to show the magnitude of passion and persistence that we Nigerians have for the biz - long live forex trade alerts!

I thought I'd quickly drop what I think is a viable trade here for those that will want to take it.

The pair is the Gbp-Chf, and the time frame is the daily chart - those that are familiar with my trading pattern from the season 1 to 4 of this thread will know I love price action and the daily time frame.

The reason for the trade is the long and pretty solid price bar rejection of the resistance line @ 1.4310 area on the daily Time Frame(attached below).

The price action (mentioned above) suggests that the bulls are losing steam on this particular pair, making the probability of the bears riding this pair to the next obvious support @ 1.40256 very bold.

The entry parameters for this trade is as detailed on the attached chart snap-shot below.

The entry activation is based on a sell stop pending order, so that we get filled by market momentum.

Those that will be taking this trade should do so with proper money management execution - that is to say don't over risk as the market way go the other way for all I care!!

Happy trading to everyone.

Hope to become very regular, dropping more analysis on a daily basis, as the market gives opportunities.

Until then, have a great trading week!!

PS: It is good to note that old time members like naijababe, honeric1, pip love-vendor, JAKpayen, frenchman2, etc are still active. Gosh, una too much! Shout out to the rest of the members here...will be joining you guys back fully in the coming week. I dey hail!

See chart below:

^^^ ok. Thanks for the heads up.

Hi everyone. It's good to drop by here after such a long time.

It's good to know that there has been a lot of activity on this thread since I left.It goes a long way to show the magnitude of passion and persistence that we Nigerians have for the biz - long live forex trade alerts!

I thought I'd quickly drop what I think is a viable trade here for those that will want to take it.

The pair is the Gbp-Chf, and the time frame is the daily chart - those that are familiar with my trading pattern from the season 1 to 4 of this thread will know I love price action and the daily time frame.

The reason for the trade is the long and pretty solid price bar rejection of the resistance line @ 1.4310 area on the daily Time Frame(attached below).

The price action (mentioned above) suggests that the bulls are losing steam on this particular pair, making the probability of the bears riding this pair to the next obvious support @ 1.40256 very bold.

The entry parameters for this trade is as detailed on the attached chart snap-shot below.

The entry activation is based on a sell stop pending order, so that we get filled by market momentum.

Those that will be taking this trade should do so with proper money management execution - that is to say don't over risk as the market way go the other way for all I care!!

Happy trading to everyone.

Hope to become very regular, dropping more analysis on a daily basis, as the market gives opportunities.

Until then, have a great trading week!!

See chart below:

Happy New Year to you all. Wishing everyone an explosive trading year with rains of pips.

I've been off for a long time cos due to some little issues I've been off trading. Hoping to get back on my feet and get back to the game of pips.

Hope to be getting my alerts and nightly analysis like before very soon.

Shout out to Endfx1, Swiftz, Mr Jamui Eko and co for your concern and checking up on me....

Love y'all.

Happy New Year once again!

I want to use this opportunity to apologize to other paid students of mine. If things were under my control I wouldn't delay this much.

I'd sure give you guys full attention before the end of this month.

Thanks for your continued understanding and patience. I'd sure make it up to you guys.

Continue to remember me in your prayers cos e be like say juju dey worry me.

Regards,
Blog Icon

leopower: [color=#000099][/color]good day house, for the old traders in the house, i believe we know blog icon very well. naijababe, forexmart, odiaero & others who can get in touch with blog icon should pls contact him & advice him not be a fraud with his integrity, cos he organized a paid class which i am one of his student, the class is in two stages but after the 1st stage it is 1 excuses or the other since sep, 2011.
if he really wants to help up coming & struggling traders he shd help & not collect money then stay away online, he dont reply mails & chat any longer.
pls headers here call his (blog icon) attention.
thks for always being there to help.

Hi Leopower, I'm sorry that things had to get this way. I am fully aware of the fact that I collected some sum of cash from you for the paid class and delivered the first class but failed on the second class.

I wasn't bluffing or lying when I told you that I've had serious issues that I've been facing for months now - and still facing. Traders close to me on this forum will be able to attest to that fact. Some students in the paid class do understand with me as I made known.

To set some matters straight, I've not been avoiding you 'purposefully' as it seems. I have not been able to read my mails at my original email address as I dumped it due to floods of mail coming in there due to spam. I had to setup a new email ady that I have since been using for correspondence. Sorry I couldn't send it across because like I said I've had issues that have kept me off track for so long.

As for Facebook, I hardly look into my inbox there as I don't get serious msgs worth reading. As a matter of fact due to issues I've not really had time to socialize there.

I have done some work halfway into the second part of the class, but due to my problems I hadn't the chance and needed focus to continue to the end. That also explains why I have not been updating my forum or posting on NL as well.

I'm sorry if you have seen this in another perspective. My reputation is something I take seriously and won't want to taint for any reason. If I am indeed a "scammer" or someone of questionable character as you are putting across, I wouldn't have spent weeks typing over 60 pages of free content in the free class that you and so many other people here benefited from only to fail when I took money from you...when you think abt it you'd see that there's a hindering factor somewhere.

I quickly had to log in here to address you as I just read ur fb inbox and received a call from a fellow student in the paid class and a couple of other traders from this forum.

Together with my apology, to clear my name I'm willing to refund you your money for the services I couldn't render - its only right I do so. Please send me your account details to my new email ady at doshcaptitalgroup at gmail dot com so that I'd effect the payment as soon as possible.

I'm sorry that I couldn't live up to my promises, but perhaps (God forbid though) if you ever experience what I'm going through at the moment you will understand better. In as much as I tried, I couldn't muster the focus to just continue to the end. It hurts much because being transparent is something I've always lived by. I hope this doesn't affect our future relationship.

I'm waiting for your email so that I'd make it up to you.

My biggest apology also goes to every member of this forum for my long absence. Its so sad that I've not been able to be coming around to help. I'd return fully when the storm is over.

Regards,
Blog icon

David O, where u dey? As you don try buy the Audi Q7 from the list, abeg try complete the remaining 9 as you be omo baba olowo

more of the pics...

These pictures of Cristiano Ronaldo’s stock pile of automobiles is guaranteed to blow your mind again and again…and again, anytime, any day! Who says that that small, round, leather thing does not pay for more than the bills – with a couple of Gs on the side? icon smile Pictures: The Amazing Collection Of Cristiano Ronaldos Cars

Take a look at some of the cars I could gather from the internet of C. Ronaldo with his posh rides in Spain, England and other choice locations. Amongst the Mercedes, Bentleys, Ferraris, Bmers, etc, there are other monster rides in between that will get you day-dreaming of how to rob a bank – disclaimer: i no send you o! icon smile Pictures: The Amazing Collection Of Cristiano Ronaldo's Cars.
Source: http://www.ghanacrunch.com/2012/pictures-of-cristiano-ronaldo-cars/

The prices of the cars are on the blog just in case you want to see the jaw-dropping price tags

Authoritative word has been going round in the Ghanaian media about EPL's club, Manchester United, Visiting Ghana, S.A and other small Arican countries, but leaving Nigeria out of their itinerary.

Now, this may not be a deliberate action by the English team to make a mockery of Nigeria (I personally don't see it that way), but my problem is the way the Ghanaians are exploiting the situation. They are hammering on the fact that Nigeria is a failure for the mere reason of being 'shunned' by Man U, while visiting them, alongside other 'small' countries. The go ahead to make fun of boko haram bombimg them and all. I don't get1

Here is the news source...

English Premier League giants Manchester United are billed to visit Ghana come April 13th, and I hear they are coming over with the Premiership Cup they won last season, for a showcase.

I am made to understand that the Champions will also be touching other African countries – Kenya, Senegal, and South Africa.

A statement to the media said the purpose is to showcase the Premiership Cup in Ghana, and also to fraternize with their teeming fans in the aforementioned countries. The team will be accompanied by former Manchester United striker Andrew Cole and some officials of the club. The cup will be on display at the La Palm Royal Beach Hotel for three hours on the said date.

This could mean good things to Ghanian football. This is an indication that Ghanaian football has come of age. Oh yes!

Does anyone notice anything weird about this report? Something big is missing in between the report. If you are seeing and thinking what I am thinking, then let us know in the comment section. As for me, I "comment" my "reserve"

source: http://www.ghanacrunch.com/2012/manchester-united-to-visit-ghana-on-the-13th-of-april/

What do you guys think?

honeric01: Bro, i am coping bro and taking what i need from the market while watching my back. hope you're back for full?

Good to hear. Yeah, I'm fully back.

honeric01: nice one bro.

Thanx man. How trading dey go?

@Lawson, lolz. Haba, I dey. I've been there from the beginning of Forex Trade Alerts, and I'd see the end.

How everybody dey? Long time o! The way pages and seasons are being consumed here is alarming but welcomed.

I have been so buy with a handful of online projects, hence my inability to be stable here. I'm back again, though. Hoping to integrate back in smoothly.

Happy Sunday and great trading week to everyone!!

Usd-Jpy
The Usd-Jpy formed a well defined bullish pinbar off key horizontal support level through 81.80, on the daily chart, at the close of the market last Friday.

Looking at the daily time frame of this pair we can clearly see that the preceding daily candle also closed as a pinbar, rejecting same support zone, hence giving us a double pinbar rejection price action formation - a fairly strong PA signal.

The consecutive formation of the two pinbars off support through 81.80 is a good indication that the pair is not ready to see lower prices (just yet), and is most likely set for a rally. That is the psychology behind the candle stick. I am consider going long by market open based on the signals I have explained above.

Giving further credence and confirmation of a buy signal is that fact that the pair is currently in an up-trending market condition, hence going long will mean going with the general trend of the market - a very good way to trade. Another point of confluence that can be added to buttress a buy is the fact that the double pinbars also showed rejection of the 50 Fib retrace level of the last swing - which I purposely left out of the chart for clarity.

Having interpreted the signals that this pair has given me, as above, I will be going long by market open. Owing to the fact that I never take trades with a risk to reward ratio less than 1 : 2, the only way I'd be taking is with a retrace entry. The parameters are as follows:

Buy (limit pending order) @ 82.40
Stop loss @ 81.79 (60 pips)
First TP @ 83.32 (90 pips)
Final TP @ 83.92 (150 pips)

There is a little bit of resistance @ 83.32, so I'd advise that you trail your SL to break even (entry price) when/if market gets there, take partial profits there if you so choose, then target the final TP @ 83.92.

Take note that the market may not likely retrace to the exact entry point (82.40) as specified above, so be on the look out for a good entry of yours if you are hell-bent on not letting the trade run away.

You take the trade above with me and other members solely at your own risk. Be sure to manage your trading risk very well, as this setup is not guaranteed to work out.

Safe trading and a great Sunday to you!

Blog Icon (Ugo Dosh).

Eur-Usd
The Eur had a massive rally mid-day, just after the pair sold off to supports at 1.29730,gaining over 160 pips in under
8 hour of trading. The mid day rejection left in its trail a well defined bullish pinbar.

I am now bullish biased on this pair due to that very huge and obvious off bounce off and looking to go long on a buy limit  order. Very notable and convincing about the fact that the crash of the EU is likely over is the fact that the reversal occurred at the all important 50 Fib retrace level - a level professional trades look at.

The bullish close plus long tail of the bullish pinbar is another strong supporting factor.

Trading action
Buy (limit) @ 1.30792
Stop loss @ 129709 (110 pips)
Take profit @ 1.31318 (235 pips)

Just like with any other trade, this setup is prone to failure so please manage your risk very well. Goodluck

tonjoan:
The trend as they say, is your friend. Nice trading day.

+1

Possible explanations why some traders are having contrary views as to the direction of EU and GU are that;

1.) Some amongst us are very short term intra-day traders; looking to bag from 20 to 50 pips from within trends, and they are done for the day.
2.) Some are scalpers looking for a quick 5 to 30 pips on just any direction
3.) Some don't pay attention to the details and clarity that the higher time frames (daily and weekly charts) speak of the market.

With that said, I'd like to point out that the weekly time frames of EU and GU are strongly screaming a huge sell off. If you read my weekly analysis from my price action trading forum on Sunday you should have seen it.

Whatever category of trader that you fall under, I believe you can make use of the little info I have given above to shape your trading decisions. It is very good to go with the trend, but then it isn't a crime to knock off some pips in those little trends in the major trends.

As for me, I remain very bearish on EU and GU, as well as bullish on Usd/Chf. My long entry has been doing good, though it has been dancing up and down. This brings me to the point that keeping off your live trades is the only way to make it in this biz. If I closed out this trade when it did some correction to the downside I'd be crying that it later shot up.

Safe trading to everyone!!

aguiyi:
stay away from tune forex, they are another scam, i was not scammed but a friend had a funny experience with them.
stay away, just ma 2 cents

Tune forex? I was asking about trading point. Anyone with words on them?

@ Aguiyi, thanks for the input man. Your observation is quite right. . . hope everyone is doing good.

@bond777, you are on point. Thanks for chipping in.

Please is anyone in the house using Trading Point fx brokers as their broker? I need to know how the performance of this broker in terms of honesty, order execution and termination, withdrawals and deposits. From personal experience, are they good and recommendable?

Please this is a mater of urgency as a friend of mine is about sending them cash. Thanks!

Ogboraph:

@Blog icon link you ve really spoken well the fact is that i ve lost 70 pips after i took first profit of 60% now minus the -70pip of the 40% of 1.00lot this is a great lose kai market no get friend, i am a long term tader and some times i scalp on 15min if the 4hrs chart is Ranging market but today the market cut me big @ FXKIng i just login to see my trade and i was daze well done, i am not on a revenge mission so today trade is over i smile with my lose "" Nobody Win's the all""

Don't worry bro, this all happens in the market. Today might be your bad trading day, but your day to hammer go show!! Cheers!

FXKing2012:
You have spoken well and with wisdom. You must be a church elder (lol).

Hehe, who dash me church elder na? The ministry of that kind church no go reach their permanent site o! Thanx for the compliments though. Safe trading!

agubata111:
Gold really got me scared by the way it pointing down. As if it was waiting for me, immediately i bought, it started selling. thank God it's up.

Nice entry there bro on the Gold buy. I had my trading system confirm a buy for gold at the close of last week and was planning to hit the buy button at market open. I had to change my views and sit by the side-lines after looking at the weekly chart. There are presently 2 bearish pinbars on the weekly chart showing rejection of resistance at 1760.00 which could possibly send prices down.

My humble advice is to watch your trade closely and follow up with a nice and tight trailing stop just in case this market tips over and takes a nose dive. Safe trading. Cheers!!

@Ogboraph, the biz of Fx is not a competition, so try to never make it seem like one. I saw your challenge to those selling EU (especially Fxking) and only smiled, because I was shocked that you can be so "sure" of your view of EU heading up north. If you have a different opinion on a trade call, you can politely make it known without drawing daggers because no one knows when/where a spike will take out a trade you are 101% sure about.

I have seen good traders leave this thread in shame after betting the farm and challenging others wrt the direction of the market, only for the trade to go heavily in the other direction. Reason why when I have any trader on this thread counter my speculated trade direction for any pair, I just humbly acknowledge their criticism and move on if I am sure about my call, or make adjustments if need be without disputing anything. I never challenge or contend anyone with a view different from mine cos only the market can/will always have the final say. We are here to learn from each other and not to know who is better at predicting the market direction.

I hope you don't see this as some kind of shot against you or something along that lines. I'm only trying to point out the obvious to you. Do have a great trading week ahead. Cheers!

Our NZ trade TP of 90 pips finally hit. Congrats to those who took this with me. The Usd-Chf buy is set to take off after dipping into my entry level. If you are not yet in this market, it's not too late to join the train. Goodluck to everyone!

tonjoan:
That coming from an oldbie to a newbie is a huge compliment. Thanks.

You are welcome boss! No talk that newbie something again o make people hear am. You're the boss!

Now, I dont knw wat your trading plan is like, but if you ask me, i'd say that your exposing your balance to a lot of risk as all those pairs you are entering all at once are closely correlated. If it works out you hammer big time, but if we are all wrong about the sell off on eu, wahala dey o!

Anyway, you seem to be a very experienced trader and sure knw wat ur doing. As for me, i'm only long uchf with a tight stop of 50 pips and looking to cap it at 120 pips above. The NZ trade i posted last week is also doing very fine. Congrats to those that took it with me. Goodluck.

tonjoan:
Why do I keep seeing a potential massive drop on eu?

The answer is simply that "because one (heavy drop) is lurking in the corner". You are well tuned into the market. I also see heavy signs of weakness and a likely "drop like a rock" for EU and GU this week or so. See my post [url=http://forum.priceactionlive.com/index.php/topic,7.msg176.html#msg176]here[/url] to see my reasoning behind the bias, and how we can take advantage of the imminent move as traders.

Safe trading and a splendid trading week to everyone!

Gbp-Usd
The Gbp-Usd closed last trading week on a bearish note (just above a support line), after testing and rejecting highs at 1.5930. The last 3 candles of the trading week showed a strong bearish force in action, and a possibility to do more hike to the downside.

Tuning into the weekly chart, details become a little bit more concrete here as we can see a well formed bearish pinbar, showing strong rejection of key resistance/event area at 1.5930, which also lines in perfectly with the 50% Fib level - giving us a confluence of 2 levels!

Notable is the fact that the dominant trend on the weekly chart is bearish, hence all the bullish move of the past weeks on this pair could be seen as a correction move by the market; since the market does not move in straight lines.

My bias on this pair is that a strong reversal to the down side is imminent given the confluence of so many factors on the weekly chart. My advise will be to look to enter short positions in the coming weeks, if/when next support at 1.5670 fails at holding out price.

See the attached charts for details.

The 1hr candle finally closed with a bullish pinbar indicating rejection of the support later just below. I would have loved to see a bullish close on this candle to go long with much confidence. Should the tip of the candle be take out, the NU pair has a chance at rallying back to daily resistance at 0.8380.

The best way to get into a market as this is a buy stop order, so that we get filled in by momentum. Doing so will give us a nice and tight stop of 35 pips with a profit potential of 95 pips if taken to daily resistance at 0.8380 region. Should this work out, we will have a nice 1:3 on this. Manage your risk should you be join me on this one. Lose responsibly. Cheers!!

The Nzd-Usd pair is currently sitting at an all important horizontal support/uptrend line. The uptrend line in question is a very valid and strong one that has greatly acted well in bouncing price on all attempt of piercing through; this is indicated by the red circles along the line.

You can see that the dominant trend of this pair on both the daily and weekly chart is upward, hence we will be in order to be looking for confirmations to go long on the pullback to the support layer that we are currently at at the moment. Watch for a bullish pinbar close of the current 1hr time intraday time frame candle to go long. If we have a successful close below the trendline/horizontal support, the the market would most likely crash to next support at 0.8070. See chart for more details.

I may not be able to give an update to this on this forum, so traders should keep an eye on this one.