₦airaland Forum

yeeeee 😭😭😭😭😭
frustration no go kill me oooo, I bought Bitcoin yesterday at 43500k and stoploss at 43000k, only to wake up and see price hit my SL and now Bitcoin is at 45000k 😭😭😭
Lord why me, why am I a failure naw

oil were con follow too, I have been bearish all through last week, but I missed the first dump on Monday, when price retraced and gave me an opportunity on Wednesday I jump in an sell only for price to change structure on Friday and I close it for a small loss, this morning I bought oil and I was thinking that finally align myself with the market only for it to dump hitting my stoploss. Oh my chest, my brain is paining me 😭

peteregwu:
On EURJPY, I have closed it at 300pips. Reason is because my analysis was from daily and last week close on weekly never closed above 158.523, therefore a double top is formed on weekly which is dicey for me.

Finally oga don allow EJ to fall oooh, I can now sell in peace 🤣🤣🤣

I just closed my BTC short trade at nearly breakeven, market seems to be reversing, maybe my fundamentals maybe right after all

nzechu:
u are bullish on the dollar, that's usdxxx (eg usdchf) and bearish on cadchf, a correlating pair

If you look at the fundamentals of both cad and the chf, the cad is much weaker than the chf. I will write a fundamental analysis of the two and paste it here later on.

I was studying the charts coupled with my fundamentals analysis and I came up with this 4 solid swing trades which has strong fundamentals backing dem. I am curious to see how they all play out at the end of the week. I'll keep guys updated.
EG sell
EJ sell
CJ sell
GC buy
GBPCAD buy was interesting to see because boss gabsonfx first made the call last week, and I was excited to see my analysis aligning with his. E be like say peteregwu soap don dey reach my side small small...🤣
Ps: this is just an experiment

Evening folks, I was just studying the charts and then I stumbled upon cadchf, the last time I posted an update on it was on Dec 23, last year. I'm quite impressed to see price delivering as I had anticipated, and the bias still remains short cadchf. Ps this is not a trade call, but a study of price action...

Cc: ibrahimlagosian

elder1002:
What is your expectations for the dollar??

check my charts in the previous page
I'm bullish in the coming week, the only challenge here is CPI

Shout out to kozmicity, abham, rhynoemmie and karkinase. Hope you guys are doing good...

Lastly, from my analysis of the cot report, the euro is set to be the weakest currency in the coming week. That means all EURxxx pairs sell. I may wrong though but take it with a pinch of salt.

That's it from me and happy weekend guys...

BTC
But I am not confident on it because my fundamentals and technicals are conflicting.
Fundamentals say bullish BTC due to the spot ETF that about to get approved by the SEC on 8th Jan which is on Monday, meanwhile my technicals are showing me bearish structure. Although I have a short trade on BTC at the moment but I will close it tomorrow before market opens and move to the sidelines, I would like to see how the ETF approval affects Bitcoin.

Crude oil,
Geopolitics seems to be supporting the black gold. Bullish for the week ahead

US30
I'm bearish for the week

Gold 👇
The yellow metal is also at equilibrium and I would like to see it lower into discount before it rallies to BSL

My price forecast for the week ahead
DXY 👇
Why I want to see price go higher is because price is currently at equilibrium, and I would like to see price move up into premium before I look for short trades towards SSL

Davigle:
The truth is that the NFP data was revised meaning that the data was tampered with (manipulated), if you check the real previous data for the month of November before the news today you see that the NFP that was released was 199k, but go and check now you will see that the previous data for the month of November was 170k, this shows that the number was reduced from 199k to 170k. therefore this show that the fact that US labour market is strong and doing well is a false of which the markets do not believe and that's why the dollar fell massively even on a strong NFP number because that was a false number that was released. ISM came out lower than the concensus and the previous showing that the manufacturing industries are not doing well, which added to the weakness in the dollar. Therefore how can the labour market be really strong and the manufacturing industries weak it doesn't add up because strong labour means there more workers are being employed in the manufacturing industries, companies, and so on which should boost production levels in the country. I hope you find it helpful. cheers

For those of you that are still wondering why price did what it did yesterday after a strong NFP was released, here's a much better explanation than mine. This is why I believe the markets are highly manipulated, and it's the central banks that manipulate this markets, they are the market makers not the big banks as we thought. JP Morgan, Citi Bank, HSBC and so on do not move this markets and I'll tell you why. How can they move the markets, when even them also track the central banks monetary policies and adjust their positions inline with those policies 🤔. This is just to prove to you who control this markets. Powell and his cronies are the ones pulling the string behind the scenes. Pls I am not in any way peddling any conspiracies about the market if you solely do not agree with my opinion you can go ahead make your own research, I am simply sharing some of my discoveries over the month because I believe it may be useful anyone here who cares to know. And if my post will result to VAWULENCE, me ah no go engage in it ooo 🤣😅, I go just hide myself. 🏃🏿‍♂️🏃🏿‍♂️🏃🏿‍♂️
Cheers

PraiseGod4u:
Ok my question is , iff they move simultaneously,, why do I need the dxy?

I only want the know, if dxy moves before currency pairs then I'll add it immediately to my watchlist

PLEASE IF YOU USE DXY IN YOUR TRADING

HELP US BY TELLING US HOW YOU USE IT 🙏🙏

In my opinion I think you're missing the point, the aim here isn't to use the DXY for trade entry but as a confirmational tool in determining a directional bias. for example, let's say you trade one of the xxxusd pairs, since the DXY represents the dollar, you would want to trade in an environment where the DXY may be moving higher while the xxxusd moves lower and vice versa. but in a scenario where both the DXY and the xxxusd are moving in the same direction it could definitely lead to a choppy or range bound environment or some sort of manipulation maybe taking place although it doesn't happen often. I personally analyse on the HTF and I want to see it in opposite direction with gold, but there are times that both gold and the DXY moved in same direction. this was caused due to geopolitical tension, you can check your charts to how price moved in the same direction on both gold and the DXY after Hamas attacked Israel, the same can also be seen when Russia invade Ukraine in Feb 2022. I hope you find it insightful

VeeVeeMyLuv:
👍
But it eases the stress of trading due to the fact it is by far the dominant currency of the world, esp for fundamental traders

That's why I try to keep tabs on fundamentals coming out of the US from the Fed decisions or meetings to economic reports coming out of the US. The reason why I began to see success in trading gold and US30 is because of my understanding of the dollar index coupled with the treasury yields + commitment of traders report

EASYLIFE4US:
Dxy chart on the daily time frame is the key to knowing your entry and exit, that's what I learnt from his charts, stick to dxy daily chart only, I repeat, stick to dxy daily chart only,stick to dxy daily chart only, lastly, stick to dxy daily chart only.
Most traders overlook and underrate dxy a lot

Spot on. And let me add this too, if you want to understand the DXY chart better, learn to look at the US Treasury yields and the Government bonds, that's one of the trick or shortcut that my mentor uses to track or carryout fundamental analysis before a trade. the treasury yields tracks the US interest rates. 30/10/5/2 year yields. the first two are long term yields while the last two are short term yields.

Although not compulsory or necessary, but something I incorporate in my analysis

Nawao US30 no get direction, e just go up and down,Omo make market close sef make I know wetin dey sup

EASYLIFE4US:
Omooo dem use the USD news do pullback even though NFP and rates dey positive, next week dxy go continue to rally. And traders still dey believe Forex dey random ooooo

The truth is that the NFP data was revised meaning that the data was tampered with (manipulated), if you check the real previous data for the month of November before the news today you see that the NFP that was released was 199k, but go and check now you will see that the previous data for the month of November was 170k, this shows that the number was reduced from 199k to 170k. therefore this show that the fact that US labour market is strong and doing well is a false of which the markets do not believe and that's why the dollar fell massively even on a strong NFP number because that was a false number that was released. ISM came out lower than the concensus and the previous showing that the manufacturing industries are not doing well, which added to the weakness in the dollar. Therefore how can the labour market be really strong and the manufacturing industries weak it doesn't add up because strong labour means there more workers are being employed in the manufacturing industries, companies, and so on which should boost production levels in the country. I hope you find it helpful. cheers

dmahn:
Instead of make I collect my small loss jeje on usoil make I close market for the day. I go gamble away 2% to Us30 ..it was a very sharp and fast Sl. SL hit in less than 2 mins ... Us30 na destroyer

Welcome to the club on US30, she no dey waste time to get you result sharply be it good or bad. she is my favorite of all indices sef. I no dey fear her like b4 but I dey calculate well well b4 I trade her because if I lose guard na betin dey follow next

dmahn:
Stop loss hit on UsOil... Regardless it's a beautiful week here

I closed mine for a small loss, it looks like market is reversing to the upside

dmahn:
Good one cheif... You've seen enough shege this week and thank God Nfp put smile on ya face

Bossmi, ah no even get confidence to place my trade calls here naim ah kuku lock up make e no be anoda bonafide failure... 😅

HOLY FECKING SHIT, WHAT A LANDSLIDE VICTORY TO THE DOLLAR BULLS, NFP OUT STRONGER, MY TP ON GOLD AND GU HIT WITHIN SPLIT SECONDS, MY UJ BUY CLOSE TO TP, I THINK I'M DON FOR WEEK HAPPY WEEKEND FOLKS

Petah:
on alert.

Oya go join queue for back, you know when me ah don dey wait for update for the new sit up challenge, na since Dec 20th last year ooo, na with one eye ah dey take look samfelly sef because him and boss info neva talk. 😁

ETA 8 mins out

greatcheer:
my analysis for nfp.
your contribtions/views are welcome

cadjpy_ sell
Audcad_ buy
gbpaud_ sell

cc @davigle

After checking my charts, though I don't trade those pairs but I would go with cadjpy sell, audcad I'm neutral and gbpaud I would sit it out it looks quite choppy but I'd favor a move to the upside than to the downside because of HTF price structure.

dmahn:
The first entry was a loss.. So I reentered b4 market closes yesterday.. 2030 was the initial target but I had to manually close at this resistant. Price formed a double bottom on m15 at the resistant was the reason I jumped out... Plus today is Friday + Nfp ..

I'm leaving only UsOil sell at the moment. Hoping to see if SL or TP will hit b4 the end of the day

Egbon, NFP no fit shake USOIL, I stand to be corrected though, if there's any pair that seems to be impervious to news, wey dey disrespect news any how na oil be that ooo, FOMC, CPI, NFP, dem no fit move oil. Check your charts and confirm it. The only fundamentals wey oil dey respect na geopolitical tension and then oil production demand and supply, other than those two, dem no reach for oil side. Bitcoin to sef dey somehow behave like oil, but im own e be like news dey affect small small.

greatcheer:
my analysis for nfp.
your contribtions/views are welcome

cadjpy_ sell
Audcad_ buy
gbpaud_ sell

cc @davigle

Bossmi dis ya pairs won't be affected by NFP now, NFP effect would definitely be seen on all USD pairs and maybe yen, but not on the other crosses

Waddup pipu it's ur boy fta newbies/noobs ambassador aka #theindisciplinetrader, it's just 40 mins away from NFP #redalert, and judging from the concensus, the markets are expecting a higher NFP which confirms the strength of the US labour market, and that would strongly support the dollar rally that we are seeing across all assets paired with the dollar. A lower NFP would definitely disappoint market expectations and that may result to a dollar dump. Although a lower NFP may just be inline with Fed dovish stance on cutting interest rates. Cheers

greatcheer:
I just close my xau call in profits. no be small thing.
the up and down since yesterday no be here.
gold took all my gbpaud profits I was in serious loss, I said noo, and reentered, wud I say I did revenge trading lol, since yesterday i d hold ,d check 4 night thank God.
now unto the next

I also did close my gold sell for a small profit when it reversed yesterday's evening, but when I re-analyse the chart from the HTF and saw that the sell was still in play, I shorted gold last night before market close and I am still holding it

BTC sell at 44150 SL at 44650, swing trade