₦airaland Forum

bnanny:
Hi boss man. Your fundamentals analysis is good. Please can we connect? If possible give me your WhatsApp contact to connect with you.

Hello bro, I must confess that I am not as good as you may think I am, because I still have a long way to go in mastering fundamental analysis, I recently started learning it in October last year through YouTube videos and also by studying twitter post from three traders who are all versed in fundamental analysis, they are yusuftrader1, kenfxfreak and capital hungry, funnily each of them belong to a different technical school, yusuf is an ICT concepts day trader, while kenfx is a swing trader who trades demand and supply, and capital hungry is a scalper who also trades demand and supply too, but all three of them are masters when it comes to fundamental analysis. I also read market related news on the weekend and I listen to certain podcast which host guys from the investment bank or hedge fund industry, where they discuss macroeconomic topics, dissecting issues from central banks policies to geopolitical events and the potential implications in the markets... And then lastly, during the weekends, I also take note of all the important economic news release that will be coming in the week ahead and then I go through the previous release and study it on my chart, how the data affected price, was price action bullish or bearish before the news release, was there any signal that price made before the news release or after the news release... I am willing to help you out in any way I can, but I must honestly let you know upfront that I haven't mastered fundamental analysis... if you clarification, hint or help in any way, just ask or post it here so that others to can benefit too

Davigle:
tp hit on gold, remaining GU now, the werey no wan cooperate 😠

GU closed for a very small loss, and usoil closed near to break even, all positions fully closed and I am back to the sidelines

abham:
Congratulations on getting funded with Alpha capital. I’m still in DD though just 3 trades taken.



Anyone having challenge with viewing recent cot report, I just came across a website that updates theirs. I notice the data has not been updated in the cftc website. Attached is the link. https://insider-week[dot]com/en/

Trading star is another good alternative to, https://www.tradingster .com/cot
I personally use it together with barchart .com

MY FATHER MY MAKER OOOOO, THIS YEAR 2024 I MUST SEE SUCCESS LIKE BOSS GABSONFX2 IJN. AMEEEEEEEEN.....

Congratulations Bossmi abeg no forget to dey cut chunkuli soap for us here oh, abeg make the soap dey reach our side to 😂 so that we can grow up like you

Davigle:
Nas100 close trade now. locked in 150 points profit. GU and Gold still in floating profit, hope they hit tp

tp hit on gold, remaining GU now, the werey no wan cooperate 😠

Davigle:
GU tp at 1.2550 Gold tp at 2006 Nas100 tp open

Nas100 close trade now. locked in 150 points profit. GU and Gold still in floating profit, hope they hit tp

Davigle:
buy order cancelled, the news wasn't volatile as I had wanted,

now I'll be waiting for US core retail sales and headline retail sales release by 2.30 pm. I'm on the sidelines but I am slightly leaning towards the dollar bulls, my reason for that is that price action has shifted bullish on the HTF and fundamentally, the market had dial down their bets of an early rate cut in March due to the hawkish remarks that have been given by Fed members in the previous days (Fed bostic and Fed kashkari), this gave strength to dollar bulls so far, from my analysis of the cot report released for last week, the total net position was slightly bullish on the dollar, this shows that the institutional traders are betting on the dollar strength by adding to their long positions, looking at the consensus for core retail sales and headline retail sales is expected to come out unchanged for the core and higher than the previous for the headline, this is showing that investors are anticipating that consumer spending to be still strong despite the Fed's had hike and held rates higher for longer, yet consumer spending seems to be resilient. Although I feel that price should correct lower before any advance to the upside on the dollar, if retail sales comes out stronger as consensus are pointing out, we could definitely see the continuation of dollar bulls, all xxxusd pairs will fall and that includes gold. I am looking to short GU becos the orderflow on the HTF is bearish and even though GBP CPI came out stronger which made GBP surge higher, I see that as a pullback for a much better shorting opportunity on GU as it rallied into a bearish order block on the 4h chart. A stronger retail sales will give strength to the GU bears. But let's wait and see the outcome of the news... cheers

YEEEEEEEEEEEEEEEE BOYYYYYYYY
Retail Sales came out stronger both headline and core, what a slam dunk
USD bulls ti take over

Davigle:
GU, GOLD AND NAS100 sell at current price stoploss for GU 20 pips stoploss for gold and nas100 50 pips each
I will update tp

GU tp at 1.2550 Gold tp at 2006 Nas100 tp open

GU, GOLD AND NAS100 sell at current price stoploss for GU 20 pips stoploss for gold and nas100 50 pips each
I will update tp

EXLOVER:
The werey just hit your SL begin buy

😂😂😂😂😂😂

Peterfx01:
Gold just went for sl and is reversing😔
Trading is never for the weak!!! I might enter on the open of new work session because it seems to me these days London session is for manipulation for new york session to move smoothly with the intended direction

That's the main reason why I focus more on New York session, I only trade London if I want to capitalize on any GBP related news release. as for gold based on my observation, the best times to trade it is either in asian session or new york session.

samfelly:
This man

ehen nowww, as Powell no wan gree for me and that Ueda pikin, just dey respect me, d green light wey she dey give me sef don make to concur to her antics, make ah go secure her b4 ah come back for Powell

Davigle:
lemme just put this here
EJ but limit at 160.40
SL at 160.20
I will update tp when trade is open

e be like say my future wife go be Japanese ooo. 😂

buy order cancelled, the news wasn't volatile as I had wanted,

now I'll be waiting for US core retail sales and headline retail sales release by 2.30 pm. I'm on the sidelines but I am slightly leaning towards the dollar bulls, my reason for that is that price action has shifted bullish on the HTF and fundamentally, the market had dial down their bets of an early rate cut in March due to the hawkish remarks that have been given by Fed members in the previous days (Fed bostic and Fed kashkari), this gave strength to dollar bulls so far, from my analysis of the cot report released for last week, the total net position was slightly bullish on the dollar, this shows that the institutional traders are betting on the dollar strength by adding to their long positions, looking at the consensus for core retail sales and headline retail sales is expected to come out unchanged for the core and higher than the previous for the headline, this is showing that investors are anticipating that consumer spending to be still strong despite the Fed's had hike and held rates higher for longer, yet consumer spending seems to be resilient. Although I feel that price should correct lower before any advance to the upside on the dollar, if retail sales comes out stronger as consensus are pointing out, we could definitely see the continuation of dollar bulls, all xxxusd pairs will fall and that includes gold. I am looking to short GU becos the orderflow on the HTF is bearish and even though GBP CPI came out stronger which made GBP surge higher, I see that as a pullback for a much better shorting opportunity on GU as it rallied into a bearish order block on the 4h chart. A stronger retail sales will give strength to the GU bears. But let's wait and see the outcome of the news... cheers

lemme just put this here
EJ but limit at 160.40
SL at 160.20
I will update tp when trade is open

e be like say my future wife go be Japanese ooo. 😂

Arcmida:
I trade volatility as well, let's analyze together

What pairs do you trade sir

Davigle:
USOIL sell at 73.50
stoploss at 74.00
tp at 71.40

NAS100 sell at 16770
stoploss at 16820
tp open

😁😁😁😁😁😁😁😁.
it is with great joy in my heart and stomach to announce that usoil has reach my target 😁
tp modified to open
sl moved to BE
half of the position closed at target.
I am leaving the other half to run,.
profit taken on the half position has taken care of the loss incurred on Monday.
lemme wait for EUR CPI by 11, I am looking to long EJ, missed out of GJ long as GBP CPI came out stronger

Davigle:
In as much as e dey sweet me as I dey see floating profit for the two, I will wait until e hit tp before I begin celebrate.

usoil 100 pips floating profit
nas100 20 points floating profit

Nas werey hit stop, na only usoil remain, abeg baby gurl just concur to my tp ehhhhh, come to papa darling

Petah:
you are already in love.

My love for volatility no be here ooo, in as much as e dey wound me sha, I just can't stand less volatile pairs...

Petah:
sheybi you say you no go trade USoil again?

😂 egbon as everybody no wan gree for anybody this year mi sef no wan gree for USOIL faa.

Davigle:
USOIL sell at 73.50
stoploss at 74.00
tp at 71.40

NAS100 sell at 16770
stoploss at 16820
tp open

In as much as e dey sweet me as I dey see floating profit for the two, I will wait until e hit tp before I begin celebrate.

usoil 100 pips floating profit
nas100 20 points floating profit

USOIL sell at 73.50
stoploss at 74.00
tp at 71.40

NAS100 sell at 16770
stoploss at 16820
tp open

Davigle:
Evening famz, we go again this week, USOIL sell at 72.50, stoploss at 50 pips (73.00) take profit at 100 pips (71.50). no more looking for home runs, I take whatever the market gives me, low hanging fruits is the goal for the week...

Davigle:
Gold short at 2051
sl at 2056
tp at 2041

Update
USOIL hit stoploss
Gold hit tp

Gold short at 2051
sl at 2056
tp at 2041

Evening famz, we go again this week, USOIL sell at 72.50, stoploss at 50 pips (73.00) take profit at 100 pips (71.50). no more looking for home runs, I take whatever the market gives me, low hanging fruits is the goal for the week...

XAUUSD
I am bullish on the yellow metal, and I see a MMBM in play on it. US treasury yields are really week and are set to decline further down this week which will definitely weigh down the dollar, making it to fall this should lift gold up...

USOIL
Alas my nemesis, I know that I have been unfortunate when it comes to this particular market, but I won't give up on it, no pain no gain is the motto, still bearish on it from the HTF although geopolitical tension did supported the black gold last week as US and UK are carrying out a joint strike on the houthi's in Yemen rising worries of an escalation to a much wider conflict in the middle east. We may potentially see oil and gold gap up at market open because the joint strike carried out more airstrikes in yemen yesterday. But once we don't see an escalation of the conflict, the market may just price in the event and then begin to move lower...

BTCUSD
I am bearish on the digital gold and I see a potential MMSM in play on it

DXY 👇:
Overall I am very much still bearish on the dollar.

Evening folks, here's my forecast for the week, personally I won't be trading 2moro becos of the public holiday in the US Martin Luther king day, and there maybe no volatility in my asset class.

greatcheer:
let's vote

tft or fundednext

one step or 2 step(which is easier to pass) one step is 3% drawdown 3 step is 5percent

In my humble opinion, I'd go with the 2 step challenge because 5% drawdown is a much more comfortable room to work with than 3%. Your strategy needs to have a very high strike rate and win ratio inoder to work with the 3% drawdown even as a scalper 3% is way too tight of a draw down in case of a loosing streak.

pristinee:
I hope u re not referring to me, if yes, then u have to re-smell again. I clearly don't have any second to waste on anyone on here again, not now, not in d future.

Boss ahno see ya post ooo ☹️ d post wey ah dey see na d wan wey dey dis current page

main24:
What you eat before/during active trading session is important.
- No carbs, sugar, coffee, etc

YOU SAY WHATTTTT