₦airaland Forum

Buying USDCAd 10pm. Today

2pep:
Can you guess how many technical tools did he (pipbasketings) use as an indicator?

Start reading the previous thread if you are so eager to learn his strategy.

2016, 2017 thread

No pain no gain

Macabs:
Boss have you entered this?

No sir

Looking for buy on Gbpusd.

Waiting for more confirmation to buy this pair not yet ripe for buy

OYENIYIJK:
the Prolific investor!!!

Baba no hype meoo, I be better newbie

Waiting for more confirmation before selling EURGBP

Macabs:
Boss we're also part of your family... Please spend more time with us too.

My guy won chop pips , the one u chop yesterday and today never reach you

Simp crew are coming for you

So when we dey kill shekarau too?

He no go better for kamaru were hin dey, na hin chase me to go mistakenly jam soilder at the back of barrack and later chop slap wey still dey affect me till now.

I will never make that mistake again to make friends with anybody with the name kamaru.

shamsin6300:
Messi would have score more than this if not because of his retirement.

I'm sure you started watching ball in 2020, most mumu talk have heard in my life

Pipsbasketings:
Hello guys, I will not be consistent here as I used to be few years ago due to some things I might not need to go into - one of many is to have more time with my family. If you took my calls, you may go ahead and close them to take your profits. I will be off for now until further notice; that being said, I do not reply personal messages to avoid stories that touch.

But b4 I go, I see a very sure outlook on GA - this one na sure banker, although price is the king. But I can guarantee your success in this.
Outlook: Short now (I mean now b4 it's too late), set SL = 100, TP = 400; close your laptop and come back in 4 to 5 days.

PS1: Price is the king.
PS2: If 100pips is too much to risk, reduce the SL to 70pips, if this is still too much for you, don't trade. This is the mindset
Edit: don't reduce the SL to 70pips, leave it at 100pips or even 150 pips

Im with you on this, but why didnt you wait for that retest? abeg I won learn.

DriggityDre:
At alls o. I even look more like Nicki Minaj ಠ_ಠ

Can we see your face ugly pikin

Yungpato23:
Try uzbekistan, Pakistan, Syria, Libya ,Yemen or Iraq. These countries are extremely good to do business in, and there currencies are second to none... They are the most peaceful and hospitable countries in the world. Travel and thank me later..

you be terrorist

Syria or Afghanistan or Iraq. You will enjoy going there, very cheap visa.

Pipsbasketings:
I guess someone explained a bit up there, I will add mine: note the two bullish candles, followed by an shooting star, then next is a bearish candle that closed below the two previous candles....hence, short

Thank you bro, but I'm curious of where you place your stoploss, Base on my level of education on Forex, I think placing it on top of the shooting star will be more safer.

hidhrhis:
there is a bearish divergence on the EU alongside a double top with a pin bar/stop loss hunt and based on the what he said he made a point about following the recent trend,he may have entered based on trend changing to bearish considering the fact that he did not enter right from when the price change but im waiting for himto come and explain so that i will learn a new thing
EURJPY has similar bias to me
divergence and double top but as it mean im on the eurjpy trade i will move my sl to entry and study how price will react to the neckline of the double top and on the EURUSD the price is in a channel and at point 50 and the price has not being making real movement from that point but if it breaks that point 50 it will be a real movement downward and also gather momentum to break the out of the channel downward cos looking at the price and the wick the price is giving that point is strong
it is just my personal opinion im willing to learn and i posted this to be corrected
br

Thanks for the analysis

The federal government, Monday, disclosed that the nation spent N10. 413 trillion on fuel subsidy in the last 13 years (2006-2019) and justified last week's discontinuation with the practice, describing subsidy as unsustainable.

The Minister of Information and Culture, Alh. Lai Mohammed, who disclosed this at a briefing in Abuja, pleaded for the understanding and support of Nigerians over the action, which he said become inevitable due to falling demand for oil, Nigeria's main income source.

Mohammed, who was flanked by the Minister of State for Petroleum, Chief Timipre Sylva and Minister of Power, Mamman Sale, said that the hike in fuel price and electricity tariffs at the same time was a mere coincidence and not deliberately calculated to increase the pains of Nigerians or a demonstration of the current administration's insensitivity of the feelings of the masses.

The Information Minister said, "The cost of fuel subsidy is too high and unsustainable. From 2006 to 2019, fuel subsidy gulped N10.413trillion. That is an average of N743.8 billion per annum.

"Government can no longer afford to subsidize petrol prices, because of its many negative consequences. These include a return to the costly subsidy regime. With 60% less revenues today, we cannot afford the cost.

"The second danger is the potential return of fuel queues - which has, thankfully, become a thing of the past under this administration. The days in which Nigerians queue for hours and days just to buy petrol, often at very high prices, are gone for good. Of course, there is also no provision for fuel subsidy in the revised 2020 budget, because we just cannot afford it."

According to the minister, the subsidy rose from N257 billion in 2006 to a peak of N2. 105 trillion in 2011, before falling to N595 billion in 2019.

He stressed that the decision to deregulate the fuel prices was taken in March when crude oil prices collapsed to about zero.

"The truth of the matter is that subsidizing fuel is no longer feasible, especially under the prevailing economic conditions in the country. The government can no longer afford fuel subsidy, as revenues and foreign exchange earnings have fallen by almost 60%, due to the downturn in the fortunes of the oil sector.

"Yet, the government has had to sustain expenditures, especially on salaries and capital projects. Even though we have acted to mitigate the effect of the economic slowdown by adopting an Economic Sustainability Plan, we have also had to take some difficult decisions to stop unsustainable practices that were weighing the economy down.

"One of such difficult decisions, which we took at the beginning of the Covid-19 pandemic in March - when oil prices collapsed at the height of the global lockdown - was the deregulation of the prices of PMS (Premium Motor Spirit otherwise called petrol)."

"In spite of the recent increase in the price of fuel to N162 per litre, petrol prices in Nigeria remain the lowest in the West/Central African sub-regions.

"Outside the sub-region, petrol sells for N211 per litre in Egypt and N168 per litre in Saudi Arabia. You can now see that even with the removal of subsidy, fuel price in Nigeria remains among the cheapest in Africa.

On the hike in electricity tariffs, the minister said that the government had spent about N1.7 trillion to supplement tariffs shortfalls. He was, however, not specific in the terms of the period within which that money was spent.

He said, "The truth of the matter is that due to the problems with the largely-privatized electricity industry, the government has been supporting the industry. To keep the industry going, the government has so far spent almost 1.7 trillion Naira, especially by way of supplementing tariffs shortfalls.

"The government does not have the resources to continue along this path. To borrow just to subsidize generation and distribution, which are both privatized, will be grossly irresponsible.

"But in order to protect the large majority of Nigerians who cannot afford to pay cost-reflective tariffs from increases, the industry regulator, NERC, has approved that tariff adjustments had to be made but only on the basis of guaranteed improvement in service.

"Under this new arrangement, only customers with guaranteed minimum of 12 hours of electricity can have their tariffs adjusted. Those who get less than 12 hours supply will experience no increase. This is the largest group of customers."

The minister said that the opposition and their allies had, "latched on to the issue of petrol pricing and electricity tariff review to throw the country into chaos," and that Nigerians should renounce them.

Alh. Mohammed refused to respond to a question by a journalist who reminded him that those in the current government opposed former President Goodluck Jonathan when he wanted to remove the fuel subsidy in 2012 and whether or not they would appologise to Nigerians.

Lala on is way to push this post to frontpage

L

Pipsbasketings:
If you actually took all my calls yesterday, you should be on good pips now. Tell us what you have at the moment. As for me, I have about 970pips (see pix below, note the time of trades), this may last for another 3 to 4 days, the outlook will be either we close it manually when the swing is exhausted or it hits our TPs.

Sir why do you sell eurusd and eurjpy? I will like to see your analysis.

Fight everywhere

Buhari self

Austineva:
D real GOAT is here again to destroy every team in d world including manure fc. Only my Darling Chelsea stands a chance of coming against d real GOAT

And you chop 3

Righteousness is not here today to preach to us for the first time. Rip but this man don old now

Pipsbasketings:
AU not GU, we are talking about AU

Yesterday

Gasive:
Look carefully at that pic Oga Pipsbasketings shared. You'll see the answer. It's same analysis with mine.

Thanks bro, you save me from GBPUSd long

mentored:
U sure say e yellow?


You go surprise oooo

Na yellow

Gasive:
It's headed for 0.7200.
Thread with caution.

Pls can you show me your analysis why it is heading to 0.7200?

Pipsbasketings:
I've been on short since market opened last night with the RRR as shown in the pix below.

What do you see that makes you to want to buy this right now?

I mention earlier I trade with pinbar and it works for me, if you check well there is a support at 0.7308 and it is also rejecting my moving average.