₦airaland Forum

samfelly:
Yetown and Kaybee7000, make boss still give una extra one month, abi make we fold it here?

🙄

realone12:
I thought prop firms don't accept using of VPN?? make them no come use am as excuse close your account after you successfully pasd the challenge

HEHN 😲

WAVESANDGOLD:
what about etisalat?

for Etisalat pick the unlimited option but you only get to use 150mb daily

Davigle:
Gold sell limit @ 2028

sl @ 2033, tp open

US30 sell at 38100

sl @ 38150

stops hit on both trade, geopolitics and falling yields seems to be supporting gold at the moment, I am back to the sidelines with the patience of a crocodile

wuyexzy01:
no mind him.... na oga girlfriend dey enter ihn eye... yeye man!!!
na joke i dey o

hehehe 😂😂😂
something must kill a man bossmi

dmahn:
My Guy Davigle will be sweating right now 😂😂😂😂😂... Gold no go kee my guy 😂

NO GREE FOR ANYBODY

😂😂😂😂😂

we die here

erniok:
Euro probably tanked on account of event that may happen in April and we are still in January.

Yep the ECB is likely to pivot in April even before the federal reserve as the eurozone economy is really stagnant and underperforming. Also inflation is very low in the eurozone economy compare to the US economy...

Davigle:
Gold sell limit @ 2028

sl @ 2033, tp open

US30 sell at 38100

sl @ 38150

Alright folks, we are live on both trades

Gold tp @ 2000

US30 to @ 37700

may the market favor us this week

TrennixGLOBAL:
Bro i have downloaded the stark vpn and done the new updates stuff but i can't seem to connect it and i don't know which settings to choose.

Please can you tell you which settings you picked for either MTN or Airtel cos i use both sims.

Thank you.

Sorry for the late response

Follow the pics below

nzechu:
bros good morning, kindly de give space between paragraphs. It aids readability

Duly noted bossmi 👌

Gold sell limit @ 2028
sl @ 2033, tp open
US30 sell at 38100
sl @ 38150

US30

GOLD

I am bearish on gold, from a technical perspective, we can see that gold has struggled to breach the 2074 level, every time it came close to it, it deeply corrects to the downside. the high of 2074 was made during the covid pandemic era, and after that it corrected to the downside, when Russia invade Ukraine in Feb 2022, gold rallied close to the high of 2074 but it failed to breach the zone and corrected deeply to the downside, last year October 2023, when Hamas attacked Israel and carried out an onslaught in Israeli soil leading to the current invasion of Palestine by the Israeli army which spiked up fears of an escalation of tension in the middle east, and also the end of year rally when Powell admitted that they were going to start cutting rates in 2024, we see gold rallied crazily and even breaching the 2074 level for a brief moment but failed to close above the level, and ever then gold has steadily been declining as a result of rising yields and strong economic data from the US (gold has a negative correlation with the dollar). where does this leave us now, as the saying that says history repeats itself, we should expect a deeper correction to the 1980 levels due to the following reasons:
1. it failed to breach the 2074 level for the third time.
2. the US dollar remains strong on the back of rising yields and strong economic data, although gold has been range bound for the last two weeks, this is due to geopolitical tensions in the middle east, specifically the red sea saga, within last week the houthi's attacked two US cargo ships sailing through the red sea, thereby spiking up fears, this somehow gave strength to gold, as demand did rise a bit but it still wasn't enough to help gold break off the grizzly grip of both the US economy and the treasury yields.
3. In the event that Fed chair Jerome Powell gives a hawkish remark in the upcoming FOMC meeting on Wednesday, this will definitely make gold break out of its consolidation and plunge much lower as the DXY will definitely rally on a hawkish remark but should he give a dovish remark and thereby hinting at an early rate cut, we definitely will see gold break above 2030 and maybe 2050 level, but it ultimately depends on what step of action that the Fed's intend to take onwards. besides this are just my humble speculation and I could be horrendously wrong, it would be wise to be adaptive to the market as price unfolds

And lastly, gold is in a MMSM on the 4h timeframe

US treasury yields
the treasury yields are all bullish and rallying due to strong economic data from the US and also the decline in expectations of a March rate cut made all the yields to stay afloat. we can also see an inverse head and shoulder forming on the US02Y which is a bullish chart pattern

My weekly forecast;
DXY
Overall, I'm still bullish on the DXY, as strong fundamentals continues to come out of the US economy, from the first week of the year, NFP data came out higher for the month of December, CPI also came out higher in the month of December which gave the impression that inflation remains sticky, retail sales coming out stronger showing the resilience of consumer spending in the US, strong weekly jobs report except for last week showing that the labour market remains tight, strong manufacturing and services PMI which shows that production or the industries is in expansionary territory, an outstanding GDP which beats investors expectations and with the icing on the cake, PCE deflator, the Fed's favorite tool for gauging inflation came out higher on the month over month report and tricked lower in the year over year report. this shows that the US economy is still performing well or better compared to their counterparts in the global economy or among the G7 countries. If we recall December's price action for the month of December, was pretty bearish for the DXY due to the Fed pause in the FOMC meeting in November,
which fuel the stock market greed, as expectations were running high that the Fed is going to cut rates starting from March 2024, but recent economic data and comments from various members of the federal reserve has not only push back but also dial down the bets of an early rate cut in March, because they needed to be sure that inflation will steadily go down to the 2% level before they start cutting rates. if they cut rates too early, it could trigger a recession in the US economy which they are fighting to avoid. At the moment now the Fed has achieve a soft landing in the US economy with the recent economic data, this means that they have successfully tame inflation without triggering a recession while the US economy is still performing well and expanding aka the goldilocks. So the Fed would not be in any haste to cut down interests rate they may wait till Q2 of 2024 specifically in May before they begin to pivot, although this is my speculation but Powell may reveal the Fed stance and the next step of action in their upcoming FOMC meeting on Wednesday. And lastly, seasonal data shows that the month of February tends to be a bullish month for the DXY, I will continue to be bullish on the DXY as long as strong or positive economic data continues to come out of the US and price action continues in an uptrend or bullish market structure, although we could see some bearish corrections or deep retracements, it won't change my bias on the DXY
so levels of liquidity that I am watching are, 103.80, 104.26 and subsequently 107.38

Evening folks

Peterfx01:
Spike took me out!

me too

Davigle:
Gold sell
E @ 2017
SL @ 2022

GDP release in 8mins

Stopped out
Entered short again at 2019
SL at 2024

Gold sell

E @ 2017

SL @ 2022


GDP release in 8mins

Davigle:
BTCUSD sell
EN @ 40000
SL @ 40500
TP @ 37700

TP modified to 38000

Davigle:
TP on usoil set at 76.50, ah no wan make the same mistake wey ah do today, I run with my profit if market go hit my TP,

Usoil long trade closed at 76.00, plus 150 pips locked in

BTCUSD sell
EN @ 40000
SL @ 40500
TP @ 37700

Davigle:
😭😭😭

Update

US30 stoploss kissed

nas100 stoploss devoured

usoil still in floating profit

I feel wrecked right now, from floating profit to shocking loss, I'm still in shock....

TP on usoil set at 76.50, ah no wan make the same mistake wey ah do today, I run with my profit if market go hit my TP,

😭😭😭

Update

US30 stoploss kissed

nas100 stoploss devoured

usoil still in floating profit

I feel wrecked right now, from floating profit to shocking loss, I'm still in shock....

GabsonFX2:
NAS has gone 714 pips higher than the historical maiden highest high just in 4days. It will still continue to move up for now BUT you entering now is could be a late entry except you are not expecting much from it and that you would get out today and not let it run tru tmao.

I exited cos I want to wait to relunch.

Well unfortunately I indeed entered late on NAS because it reversed to hit my stoploss after moving up of about 120 to 130 pips, same also with US30, after moving up 100 pips plus came back all the way down to hit my stoploss, I'm regretting why I didn't close the trade but I guess I really am inexperienced because I wasn't expecting it to turn out the way it did 😢

GabsonFX2:
NAS

NAS closed with a total 340 pips today ONLY. I'm waiting for a pull back and I will long again and again by today's close.

No rush, in less than 5days, these phases 2 of Infinity Forex Funds would be completed....

Fingers crossed.

But she still dey move up bossmi, may I know why you are closing your trade

usoil buy limit triggered, nas100 buy limit triggered also

Las trade call for today,
NAS100 buy 17550
SL 17500
TP open

Davigle:
US30 LONG

E: 37980

S: 37930

T: open

meanwhile, we are up 100 points on US30 long trade, make ah use am hold body, as I don miss nasdaq bus, us30 will definitely catch to nasdaq and that will really be profitable

usoil long
E: 74.40
S: 73.90
T: open

US30 LONG
E: 37980
S: 37930
T: open