₦airaland Forum

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

Omo I just went to through the previous posts and I am already smelling VAWULENCE, indeed this year tru true make we no dey gree for anybody,
oya let the carnage begin in 3.2.1............

abbas01:
Right now, I trade using technical analysis, but I want to eventually incorporate fundamentals as well. Mutumina @davigle, based on your posts, it appears that you are a force to be reckoned with when it comes to fundamental analysis. I was wondering if you could help shed light on some basic information for a layman like me on events such as NFP, CPI, etc. I came across a post here (with a lot of grammar) wey someone mentioned BISI too, lol. What are they? How do they influence trading? And when to look out for them? What are the actions to take during these news/events? I wanted to get in touch with you directly, but I decided to put it out here so other rookies can benefit from the information you share. I appreciate your support and prompt response to my messages offline. Thanks!

Kudos to you on your progress and pls always have this in your mind that Rome was not build in a day, it will definitely take time before you begin to see consistency in your trading, you only need to persevere and continue to learn and study because once you master trading, you've literally gotten yourself an ATM machine for life, and that skill can neva be taken from you, considering that you are just relatively new into trading, I strongly will advise you to focus more on your technicals first before you begin to incorporate fundamentals into your analysis, doing that without a strong Technicals will wreck you, because fundamentals is more wide than technicals. but just take one step at a time before you start adding more tools to your tool box. To answer your question on fundamentals, there are two things you need to understand about fundamental analysis, and that is;
1. Understanding the market players and their role in the market place. the market players/participants if you remember your forex 101 (Babypips), they are central banks, big banks or investment banks, Hegde funds, commercial banks, brokers, and retail traders. All this are the market participants, but the most important class or group are the central banks and the big banks to some extent but more specifically the central banks. The central banks solely control the financial markets and they do that in the form of monetary policies. They are most powerful entities in the financial market aka the apex predators. The big banks can also move the markets by placing large positions in the market place but even they too always align theirselves with the central banks monetary policies. I dare to say that the central banks also manipulates the markets not everytime but they do it, through their speeches like the FOMC meeting, through manual intervention, check your charts on USDJPY in November when the pair went up as high as 150/151 level the Bank of Japan manually intervene in the price of USDJPY causing it to fall about 400pips or so in 1 minute, no big bank can ever do that, another example is the crash that happened in 2015 on all chf pairs you can check eurchf, when the swiss bank temporary took off the peg on the chf to the EUR, the pair fell heavily, a lot of brokers we liquidated, some famous brokers like fxcm declared bankruptcy before the the got to their rescue.
2. Monetary policy: this is the tool the central banks used to stimulate the economy and move the financial markets, this involves interest rates, GDP, retail sales, CPI, PPI, ISM, NFP and so on. all these are reports that you see on an economic calendar. all these are economic indicators, and the central banks uses this to guage how well or bad an economy is performing and they make decisions based off this indicators. Note this are not the only tools that the central banks use, there are also many other tools that they use but, these are kind of the major indicators that shows the health of an economy.

So you can see how wide it is and it is not something a newbie should go into, without first getting some level of experience in the market place, and I'm not peddling that you need to factor in fundamentals before you can be profitable, there are traders here who don't use fundamentals and they have been consistently profitable like boss Gabsonfx2 and peteregwu are some who I greatly respect here. My use of fundamentals stems from my personal research and choice, I realize that the big banks, hedge funds, and even quants (those that trade algorithms or hft) take note of fundamentals into their trading and they've been here for decades managing very huge and massive capitals. hope you find it insightful and I'll willing to help you out on here if you have any questions. For the BISI part it's called ICT concepts, it is a different school of thought in the world of technical analysis, just like the supply and demand traders or the smc traders and so on, it is not easy to learn but all I will say is that there are many roads that lead to Rome, the end goal is to be profitable in this market through proper management of risk, the tool or style that you use is irrelevant, it doesn't matter becos, a skill or style is only as good as the user. So just pick a style and dedicate your time and effort to it and with time I guarantee you, you will definitely see progress irrespective of what style you use.

I apologize for writing a long post. cheers

Geovanni412:
Gold na demon las las....

How you go pump reach 2060 begin dey drop like say person dey one corner dey press Buy and sell?

Hehehe 😂, my broda gold own still better, go check USOIL na that one be the real definition of werey... walaitalai ah don comot hand for oil. oil craze no be here.

richgen:
I believe you're an ICT trader from some of your trade analyses here
on your charts.

If you looked at the H4 chart of gold closely, you'll notice that it was
in the MMSM which started from 3 weeks ago and took out the
original consolidation low (15/12/2023) just yesterday during the
NY AM session.

So the moment the MMSM was done with yesterday NY AM session
by taking out the sellside liquidity and stabbed a little into the H4
BISI (13/12/2023), it had to reprice almost immediately into a buy program
which continues into today's NY AM session.

Kindly take your time to study the Weekly, Daily and H4 PD Arrays any day
you want to trade if you're going to use ICT concepts.

For instance, I knew the CPI news release would be used as a Judas swing
clearing the buyside liquidity of the relative equal highs on H4(both 9th & 10th of this month)
and then would reprice down to take out the original consolidation low (15/12/2023) of the MMSM.
And it played out just like that because the H4 MMSM program cycle had to be completed.

I waited for the buyside liqiudity to be cleared first and joined the sell as soon as the the dust
of the CPI news settled down and the price gave me an entry to the original consolidation low.

Today, I only bought after the PPI news released as soon as the 5th candle
started printing on the 1 minute TF and got out at the C.E of last week
Friday 1 Hour wick was tagged.

My point here is this: The higher TFs orderflow and PD Arrays are
vital to being successful with ICT concepts

Anyways, I'm still a fresher student of ICT.

Keep on grinding bro.

Yes of course I am also an ICT student, a die hard ICT students to the core, I only try to mix fundamentals with ICT concepts and I don't trade any other way.
you are right about the mmsm profile on the 4h chart, and if you checked my chart at the start of the week i was bearish on gold, from the cot report the commercials were net short and they added more short positions to their hedging program, meanwhile the non commercials who were net long reduced their long positions this made me believe that gold will sell because the next draw on liquidity was the bisi on the daily chart of 13/12/2023. And gold did sell all through the week but I foolishly fought against the trend, I saw some analysis online which made me totally forget and for go my analysis and I paid dearly for that mistake. looking at the chart on the 4h, price respected the -OB of 7 am EST of 05/01/2024 and also the SIBI of 5 pm EST of 08/01/2024 which was on Monday, the low of Monday created SSL, which was finally taken out yesterday after CPI stabbed back into both the -OB and SIBI taking out IRL b4 proceeding to take out ERL which was SSL residing at the low of Monday. I also was able to profit off gold, YM and NQ today because not only PPI moved it but it had began to rise due to geopolitical tension in the middle east, the strikes carried out by the US and UK combined force against the houthi's in Yemen sent both gold and oil flying, falling treasury yields and a low PPI released gave me the confirmation of dollar weakness as institutional orderflow is bearish on the DXY with price unable to break above the SIBI of 7 am EST 05/01/2024 on the 4h chart and the weekly SIBI of 10/12/2023, which is resting just above the 4h SIBI. so I long gold and got out at 2060 and I also longed YM and NQ targeting PDH, which hit tp and covered for yesterday's losses.

Going forward my focus on gold is on the high of last week Friday 05/01/2024 which was created by NFP as BSL is residing there. I see a +MSS with the candle of 7 am EST 12/01/2024 breaking the high of 7 am EST 11/01/2024 which is the high created by CPI. this makes last week Friday the next draw on liquidity. Another interesting thing to note is that if you check EU on either the daily or 4h chart, that the highs created by both NFP last week and CPI yesterday are equal to the tick. Besides institutional orderflow is still bullish as price continues to make higher lows.

my charts below on gold at the start of the week and the after math.

LossBenson:
Considering the upcoming CPI release and the potential impact on the markets, it's crucial to stay informed. I've been closely monitoring forex broker markets reviews to gauge the sentiments. https://www.linkedin.com/ The analysis on gold seems promising with a double bottom formation on the 4h chart, indicating a potential long opportunity. Despite the bearish trend earlier in the week, the inability to break key levels is noteworthy. The focus on institutional order flow and bullish market structure is wise. Additionally, maintaining a bullish stance on stock indices aligns with the prevailing sentiment and anticipation of rate cuts in March. The awaited CPI could serve as a catalyst, influencing market volatility. A low CPI may support rate cuts, while a high CPI could temper market expectations. It's a waiting game, but should the CPI favor a lower outcome, the mentioned price targets for US30 and US100 appear well-founded.

I hold the same opinion as you before CPI release but when it came out, the data was mixed, in the sense that the core CPI m/m came out flat, unchanged while the core CPI y/y came out higher, although headline CPI also came out higher, the Fed's aren't paying attention to it because they stated in their previous meeting that their focus is on core CPI, that inflation was finally dropping towards their 2% target but it may remain sticky on the way down there and this is due to wages inflation and they clearly stated that they will be paying more attention to wage inflation and try to bring it low meaning that they are paying close attention to the labour market which they still feel is quite tight. but if you go through the break down of the core CPI release, looking at food, shelter, energy, and the services sector you Will see that services inflation which is the wages inflation came out much lower than the previous month even though NFP came out higher (which we know that the data was revised) and jobless claims came out lower meaning more jobs are being created and more people are being employed in the labour market, yet still the wages/services inflation in the CPI break down is lower, it doesn't add up because it's supposed to be higher to confirm that the labour market is still tight. I was of the opinion that a higher CPI will tamper down the bets of rates cut happening in March, but even with the CPI results yesterday, if you check the CME fedewatch tool, the markets are still pricing in a 73% chance of rate cut in March, CPI didn't even deterred the markets, look at DXY after spiking up, it couldn't maintain the bullish momentum and it's still stuck in consolidation, check the treasury yields, 30y/10y/5y/2y, they all fell massively even on a higher CPI. this shows that the market did not accept the CPI data because the data is mixed. I am very much still bearish on the DXY and bullish on gold and stock indices... cheers

Finally network don land , e b like say village pipu cease all network for my area since yesterday evening, just checking the chart to see my gold sell trade yesterday chop stoploss. BLS abi Fed reverse dey mad with all their manipulation. Looking at the chart on the daily and 4h, ebi like say yesterday was statement bulls no win neither did bears win, market just go up down and con close for the middle. abeg make market close today make I no which way we fit go.

Gold buy, at current price stoploss at 5points take profit at 15 points