₦airaland Forum

santos123:
Dec CPI in 3 hours... Nobody is talking about it.lol
Graceglory,what's your prediction?

Well in my opinion, nobody can predict CPI or any economic data, the only best thing to do is to wait for the data to be released, asses it and then act upon accordingly. with the markets pricing in and betting on rates cut in March due to inflation steadily cooling down towards the Fed's 2% target, a much lower CPI will definitely force the Fed hands to start cutting rates in March. personally I am expecting CPI to come out lower which would back the Fed's dovish stance on interest rates causing dollar to fall in price but should a higher CPI come out, this will definitely strengthen the dollar and all other asset class will fall. Although the crypto space maybe impervious to CPI because of the BTC ETF is still fuelling market greed in the crytop markets. that's my humble prediction...

BrightFuture48:
This is experience playing out, and when you're convince enough that there is no short cut. Is either you wait for the right time and strike or you unwittingly continue chasing the mkt while chopping koboko .

What boss GabsonFX2 is looking out for from my little understanding I gleaned from his posts is very simple but just too difficult for to follow. If you check out his chart well you gonna see the he's always looking atleast 2 bullish/bearish candle on D1 any addition would be confirmation provided atleast one of the last candle on W1 or MN1 corroborate. I tell you anything short of that boss would never take the trade. It a very strong trend following system. It uses a very wide sl that always practically impossible to hit except if the mkt has changed direction. You can also employ that too just to avoid been taking out always like your recent trades on oil and gold. Double your SL and reduce the lot by half, you will essentially be risking same amount and chance is that you will have more win rate.

Now the problem how many of us is using that chart(D,W,MN) for analysis and trade? The hasty nature of us won't allows. We always like to be in a trade.

Bossmi may the Lord bless you richly for opening my eyes to this, thank you very much sir.

Good morning folks, today is greedy bastard day and I am feeling wicked dis mawin because my long awaited CPI is today by 2.30pm. make I go prepare cos me and Powell get some scores to settle 😁. D wey I am feeling dis mawning, I fit choke slam Powell ati Yellen at the same time 💪.
I'm looking to go long on gold, because I see price formed double bottom on the 4h chart, even though price has been bearish all through the week, it has been unable to break below 2020 or take out the low of Monday. so far institutional orderflow looks bearish on the LTF. I'm looking for an opportunity to go long when I see bullish market structure. meanwhile I am still bullish on stock indices because order flow is still bullish and the stock market greed is still on which is being fueled by markets anticipation of rate cuts starting in March. it will be dangerous to go against the markets sentiment. the long awaited CPI is the catalyst that will spur volatility in the market as a low CPI number will definitely fuel and support fed rate cuts starting in March while a high CPI will dial down on the bets for a rate cut and also caution market greed. I hope to see a low CPI number being released but it's still in the hands of the BLS to decide what numbers will be released, I definitely will wait to see how it would come out but should CPI come out lower, my price target for US30 is 38100 and US100 is 17000

may the markets smile on us today ahhhhmiiiiin.

WOW, Bitcoin is pumping mahdly, 2500 points floating profit, I've set to at 50k.

dmahn:
You need someone with you on this journey, especially an understanding bae wey go carry bwess put for your mouth when Mr market just dealt with you.. Your whole head will just reset, cool and calm... .... But what if she breaks your heart the same day you lost an account 😂😂... No mind me.. I dey on colos

My brodaaaa, na where ah wan see babe when na so so charts ah dey look all the time...🤣😂

Just in BTC ETF has been approved by the SEC, BTC to 50k let's wait and see

Wuna dey see d spike way just happen for Bitcoin, Omo things dey sup ooo, but no shaking cos ah no dey gree for anybody, diamond hands lasan

GRACEGLORY:
The majority of "investable" money in the world has not been able to access cryptocurrency markets up to this point. That's because significant financial institutions own it. Furthermore, regulations at the majority of those institutions restrict their capacity to directly deposit client funds into cryptocurrency.

But an exchange-traded fund (ETF) that tracks bitcoin would effectively enable those big companies to circumvent those regulations and use client money to invest in cryptocurrencies.


If this be, guys, if you already have good positions and diamond hands. You’re made

Diamond hands brooo.

GabsonFX2:

Bossmi abeg no laff me, pls take me under your wings for I am meek and ready to learn, my eyes have seen damburouba shege banza and my senses are very much alert and receptive to learn. ejo edakun sir. 🙏🤲

greatcheer:
@fam which forex broker can one resident in USA use

you could try the famous and reputable ones like panda, fxcm, forex.com, etc.

one thing that is common with US brokers is low leverage, they won't offer more than 1:50 leverage because of strick regulations in the US.

BrightFuture48:
I wish I can be this patient. One is in "trade' invariably and that is far better than been in a lossing trade due to impatient In jumping in nonclarity and low quality signal.

Waiting is a virtue in this game, I wish I improve on it this part this year.

Honestly you are right sir, our African proverbs say what an elder sees while sitting, a child cannot see it even if he climbs a tree.

Na only boss Gabsonfx2 know wetin him dey see for chart, because I don chop beating taya dis week and na lack of patience dey kill me. I have been trading impulsely and its killing me 😢

Edd1e:
Usoil mad gan. Volatile and can be directionless for sometime before moving in your intended direction

Na wetin pain me ooo, my sell trade was only 30 pips from my target, and I was having confidence day price would come down and hit my target even when market reversed. Only for me to check it now and see it drop heavily after price don take me out, infact ah don delete USOIL from my pairs, ah no go touch am again, because dey way she dey do she go soon gimme BP

dmahn:
Stay away from chart small bro.. You need a break.. Not everyday is a trading day... Relax and enjoy life without forex for like 2 or 3 days, invite ur bae make she come over, .. Very very sweet ... You ll resume with a cooler and beautiful mindset...but you see checking market everyday fit kill person 😂😂😂

My bloda 😁 na d problem b dis ooo. ah no get any bae ooo😅 na forest trading be my only babe, infact I dey addicted to her sotay my body go dey do me wan kind if ah no look chart 😥

Davigle:
my total positions, usoil sell, gold buy, bitcoin buy, us30 and nasdaq buy. let's see how it goes. besides I risk 0.3% per trade Incase you're wondering why I have many positions open

So far, oil and Gold ended in loss, us30 is up 170 points in profit, nasdaq is up 110 points in profit and Bitcoin is up 1800 points in profit. profit has covered losses incurred by gold an oil with some change.

Davigle:
And in a twinkle of an eye USOIL did me dirty, stoploss hit, honestly I've come to realize that crude oil is tougher than gold.

Oloriburuku ni gold ati oil sha, the 2 werey hit my stoploss, especially oil, make wuna check USOIL and see how she is selling, after hitting my stoploss of 100 pips ooo, dis evil girl went up and hit my stoploss, trade that I've been holding since on Monday. Gold sef no too pain me, na d way oil take dey sell as I look am dis evening naim dey vex me d more. O God I have suffered....

Davigle:
my total positions, usoil sell, gold buy, bitcoin buy, us30 and nasdaq buy. let's see how it goes. besides I risk 0.3% per trade Incase you're wondering why I have many positions open

And in a twinkle of an eye USOIL did me dirty, stoploss hit, honestly I've come to realize that crude oil is tougher than gold.

my total positions, usoil sell, gold buy, bitcoin buy, us30 and nasdaq buy. let's see how it goes. besides I risk 0.3% per trade Incase you're wondering why I have many positions open

last trade call for today is Bitcoin buy at current price stoploss at 44000
Nas100 buy stoploss 50 points

US30 buy at 37530 stoploss at 37480 target at 37680

Gold buy at 2032
stoploss at 2027
tp open

meanwhile my short on USOIL is still open, I'm still bullish on Bitcoin even though the spike that happened last night took me out of the trade, I'm looking for an opportunity to go long again

Davigle:
Bitcoin and USOIL are in floating profit right now.

closed gold trade for a small loss, gold is range bound today I won't touch until Thursday

Bitcoin hit stoploss after tapping 47k again

LincolnOnyeabor:
I was on the Gold Buy too since morning. Price was just fluctuating and ranging and my TP was 2040.

Almost Immediately I closed with about $600 profit at 2036, Gold just Pumped to 2041!

That move would have helped me secure about $2,000 added profits to the Competition Account.
I'm so paineeedddd

Well I just closed mine for a small loss, Gold seems to be ranging...

Davigle:
BTC is just a 100 points shy from 47k, my entry was at 46500k,

Usoil sell at current price stoploss 100 pips

Gold also buy with 100 pips stoploss

Bitcoin and USOIL are in floating profit right now.

closed gold trade for a small loss, gold is range bound today I won't touch until Thursday

BTC is just a 100 points shy from 47k, my entry was at 46500k,

Usoil sell at current price stoploss 100 pips

Gold also buy with 100 pips stoploss

Afyer the huge spike seen on BTC, I don't think BTC will sell any more as it seems sellside liquidity has been taken out.

BTCUSD buy at current price stoploss at 46000 target is 48000.
fingers crossed

Hello sir @aremso, pls I would like to know your take on WFRD

Hello sir @aremso, pls I would like to know your take on WFRD

Bimmarlykay:
CHFJPY sell has begun....

I've been on it since yesterday

EASYLIFE4US:
Sell btc

I am planning on doing that, I'm waiting patiently for the market to present me with an opportunity to sell

Davigle:
BTC next target is 46k, 😢

Bitcoin above 46k now, this is really agonizing for me, I have missed just 2400 points, saw it at 43600 this morning, I wanted to pull the trigger but chicken out due to fear. This is another painful lesson I'm learning at the start of the week, although I have come to far to act stupid and I know the bus has already left me but it sure does hurts. Next BTC target is 48k, with the current bullish strength that I'm seeing but no opportunity has been presented yet according to my strategy 😢, o lawd I'm suffocating.

LincolnOnyeabor:
So basically, we trading GU and EU and other stronger currencies would be caught in a range most of the time right??

No, what you need to understand is that currency strength and weakness changes from time to time. there are times in the market whereby certain currencies are strong while some are weak and vice versa. for example EU and GU are inversely correlated with the DXY, so that means that when the DXY is strong (ie. it goes up), EU and GU should be weak (ie. comes down) and vice versa. but there are times whereby the DXY will be strong, EU strong and GU weak, what you will see is that the DXY moves up, EU will be range bound because strong currency against strong currency while GU will drop heavily. What you should be aiming for when using the DXY is that, if the DXY is strong, you need to find a weak currency and pair it up with the DXY and vice versa. hope you find it insightful

BTC next target is 46k, 😢