₦airaland Forum

I'm looking forward to shorting UJ should the opportunity presents itself

GabsonFX2:
Trade Alerts!!! USOil.

USOil confirmed her short yesterday and double-confirmed today. I shorted it yesterday and closed with profit today, on a normal note - I closed it because I sensed it could actually go into range today but fortunately, today closing as is tells me it is a big short. Short!

Boss you just reconfirmed my short bias on oil, which makes me feel confident all the more, although I must confess that the market did smack my behind earlier on today, I shorted oil and then the market took out my stoploss before massively plunging to the downsid, it was badly agonizing for me to see the market move in my anticipated direction after taking me out. I felt like, it had been better if the market reversed to the upside and hit stoploss, at least I know that I'm wrong and I wouldn't be bodered but then price went my way after wrecking me, I had to tear myself off the chart by spending the day watching movie so that I wouldn't do anything stupid....

Evening folks , although it's coming late, but nevertheless here's my forecast for the week ahead, with FOMC minutes coming out tomorrow by 8pm, I think the markets maybe range bound throughout the day in anticipation of FOMC minutes, so until then the market environment pre FOMC might be quiet dirty, I personally would wait until FOMC release before I trade. looking at the previous FOMC minutes in last month Dec, Powell gave the markets a surprise with a very dovish remark which signaled that the Fed are pivoting on hiking interest rate, thereby confirming the end of the hiking cycle / campaign (#End of Quantitative Tightening), the markets cheered on the news which we saw as crazy rally in bonds, stocks, and foreign currencies. The markets moved higher while the dollar and the treasury yields plunge lower. The sentiments in the markets is that we are about to enter an era of quantitative easing which means rate cutting cycle and this would really be bad for the dollar in the coming months as we may see the dollar continue to move to the downside, although the dollar wouldn't go out without a fight as the US economy is quite resilient and, economic data release coming out from the US continue to come out positive/strong for the US economy. US economy is quite strong compared to the global economy as the rest of the G7 economies try to play catch up to the US economy, as can be seen with the recession in china, slow economic growth in the eurozone and also in the UK with poor GDP growth still plaguing European economy as a whole. This gives the US dollar an edge over other currencies.
So in essence, if Powell does give a dovish speech in tomorrow's FOMC meeting, this will reconfirm the Fed's stance on cutting rates this year and the dollar could plunge much lower, also technically speaking, looking at the daily chart, it looks like price has made a correction to the upside to a bearish order block and is set for a massive drop to take out sellside liquidity. #internal to external range liquidity
see charts below

So this is not a trade call and I am in all honesty not trading right now or today but I would like to see US30 hit 38k or more specially 38100 today.

#tape reading

WOWWWWWW, what a way to start the new year, I just woke up now and I checked my trade on Bitcoin which I have been holding since on Sunday, it's the only trade that I have on, just to see Bitcoin has breached 45k, wow, I am bewildered. as you guys know that I have been bullish on it and I also stated that BTC will hit 45k, there you have it. So I will take to on the trade and wait for the next bus ride to 48k or maybe 50k, will keep you guys updated.

So I won't be trading today because FOMC is tomorrow and the market is definitely looking forward to it so volatility maybe poor today...

E ku odun titun oooo, Happy New Year FTA famz, wishing as all a merry pipfull year to our accounts

First achievement of 2024, ah don register my name for FTA season 24 front page 😅

Oga Donsheddy shay you still dey crossover abi you don 4 get ya duty to paste the link to the new FTA thread, oya ooo we dey wait yhu

Ibrahimlagosian:
I've seen you already trading GU by next week .Just maintain the discipline bro.

Kai Mallam Ibrahim ba ka da asiri ne, ya za ka paleshe ni haka a group mana 😂, you don catch me, but honestly I think think I going to swing currencies only when my fundamentals and technicals really align well, other than that I don't think I will day trade GU anyone, besides I have my charts mark up for the week ahead, I will try and post it later, this week promises to be super interesting with the first FOMC meeting for the year 2024 on Wednesday and then NFP data coming out on Friday, I personally think, that all the volatility of the week will be unleashed on Wednesday because Powell will be giving forward guidance (how they intend to steer monetary policy) for the year 2024, and due to that event, it may even dampen the effect of NFP on Friday. just my 2cents though and I may as well be very wrong

Bimmarlykay:
Boss you won't believe i panicked and close for small profit... only for market to come down my TP, i hate GU and UJ with passion.

Me ah don leave currencies for wuna, come 2024 na gold and US30 I dey focus on for my day trading and then crude oil and bitcoin for swing trades ah no dey look pass this pairs

realone12:
And boss gabsonfx2 just fulfilled his promise
I just received my fundedengineer login credentials.
May God bless you abundantly.. Amen

Congratulasans bossmi, oya come and cut soap for me too 😜 make grace follow my head

Puremark:
Pls hous How does usa election affects USD ?
Cc : davigle

Sorry for the late response bossmi, although I must confess I'm not super versed fundamentally as I am still studying it, but here's what I got when I asked chatgpt;

The U.S. election can influence the value of the U.S. dollar based on market expectations regarding economic policies. For example, if the election outcome is perceived as favorable for economic stability and growth, it may strengthen the U.S. dollar as investors gain confidence. Conversely, uncertainty or concerns about economic policies can lead to a weaker dollar. Overall, the relationship between elections and the U.S. dollar is complex and depends on various factors, including fiscal and monetary policies.
Imagine the U.S. dollar is like a superhero in the financial world. When people in the United States vote for their leaders, it's like choosing the leaders of the superhero team. If the chosen leaders are seen as smart and capable, it makes everyone feel more confident about the superhero team's abilities. When people are confident, they want to use the U.S. dollar more, so its value goes up. On the other hand, if there's uncertainty or if people worry that the superhero team may not work well together, they might not trust the U.S. dollar as much, and its value could go down.

So, in simple terms, the U.S. election can affect the U.S. dollar by influencing how much people trust and believe in it based on the leaders they choose.

And here's what I also got from bard, it gave a much better explanation than chatgpt;
The US election can have a complex and dynamic impact on the US dollar, influenced by various factors like:

**Pre-election uncertainty:**

* In the lead-up to the election, heightened uncertainty about the potential outcome and policy changes under each candidate can lead to market volatility and potentially weaken the dollar.

**Policy changes:**

* The elected candidate's economic and fiscal policies play a significant role. Historically, Democratic presidents tend to implement policies like increased spending and regulations, which can weaken the dollar in the short term but lead to long-term stability and growth. Republican presidents often pursue tax cuts and deregulation, which can initially strengthen the dollar but potentially contribute to increased debt and inflation in the long run.

**Trade and foreign relations:**

* The elected president's stance on trade agreements and foreign relations can also impact the dollar. Protectionist policies or trade tensions can weaken the dollar, while a strong US position in international affairs can contribute to its strength.

**Market expectations:**

* Ultimately, the biggest impact on the dollar comes from market expectations. Investors analyze the potential economic and political implications of each candidate's victory and adjust their positions accordingly. This can cause the dollar to strengthen or weaken even before the actual election results are known.

It's important to remember that these are just general trends, and the specific impact of any US election on the dollar depends on numerous factors and can be unpredictable.

Here are some additional points to consider:

* Recent research suggests that the US dollar has historically **appreciated during Democratic presidencies** and **depreciated during Republican presidencies** (especially against major currencies like the Euro). However, this is not a guarantee and does not always hold true.
* The **long-term impact** of the election on the dollar is often more significant than the short-term fluctuations.
* Other global economic factors and events can also influence the dollar's performance, making it difficult to isolate the exact impact of the US election.


and then lastly from my personal research, I find out that if Donald trump wins the US election in 2024, the dollar is going to pump up really hard and if you remember when trump was the POTUS, the financial markets did really well, as the US economy was sort of health. I personally am rooting for Donald trump to win as the market conditions underning his tenure would be really interesting. hope you find it helpful...

Bimmarlykay:
I have been on sell since yesterday only to chicken out of my trade and trade sold till 1.27028 today...so painful,i wonder how Don sheddy copes with that slow but deceivingly fast asset.
Another foolish asset is UJ that bastard has been dribbling me since on monday i took Partial profit the werey is still sinking dat pair is worse than Gold believe me.

oloun, both GU and UJ na werey dem be, dey can be very fustrating atimes but when dey are ready to be bad, dey will move violently like gold

samfelly:
Huncle Donsheddy, no forget the protocol o. Protocal requires that Season 24 be created in its year. So, endeavour to stay awake on the 31st night of December, 2023, to create the year 2024's FTA thread. Thank you

Presido don finally land, wlc bk

Donsheddy:
The5ers account details received finally

Congratulations bossmi

samfelly:
My oga, Davigle, I dey with una, joor. Nairaland bot banned me for FTA o (see attached)

NL bot can be super annoying atimes but I created a backup NL account incase I ever get ban again, e be like say my addiction to NL really strong gidigan 😁

Ope ooo, US30 to the rescue, stops moved to BE as it's in floating profit of 150 points, all losses on GU and UJ incurred today have sort of been cleared. l may close shop by 6pm

Davigle:
Arghhh
Oh good lawd, think I've had it with currencies, geez GU hit stoploss again, for pete sake, I'm honestly thinking of dumping currencies, and just stick to indices and Commodities, I've had much better luck on the later than currencies as if the markets is out to get me, I don't even know why my loosing streaks are way more on currencies than indices or Commodities...😠😡🤬

GU hit stoploss again, I'm watching my trade on US30 and then I call it a day

Davigle:
and we are live, sell limit triggered,

meanwhile GU is up in floating profit but let's see how it goes

Arghhh
Oh good lawd, think I've had it with currencies, geez GU hit stoploss again, for pete sake, I'm honestly thinking of dumping currencies, and just stick to indices and Commodities, I've had much better luck on the later than currencies as if the markets is out to get me, I don't even know why my loosing streaks are way more on currencies than indices or Commodities...😠😡🤬

dmahn:
I used to think that after Entry, it's either Stop loss or Take profit

I learnt something new today on IG. 3 things are involved after entry and not just 2. The third one is Manual exit

Manual exit basically is an exception to the rules of TP or SL... You don't want to get trapped in a long range when price is just few pips away from your TP.... Or I need to unlearn what I just learnt?

Sometimes price doesn't move straight to our tp or sl, you need to have contingencies prepared for such scenarios

Davigle:
Last trade call for the year 2023, US30 sell at 37755 stoploss at 37805 and tp at 37655 a 1:2 RR trade

fingers crossed and let see how it goes

and we are live, sell limit triggered,

meanwhile GU is up in floating profit but let's see how it goes

Last trade call for the year 2023, US30 sell at 37755 stoploss at 37805 and tp at 37655 a 1:2 RR trade

fingers crossed and let see how it goes

GU sell at 1.2723, stoploss 20 pips

Reason for trade: bearish breaker block + FVG on the 15 min chart
Target: SSL at the low of Wednesday candlestick

Bimmarlykay:
I saw your calls(GU,UJ) and it was contradicting my A+ setups, wanted to tell you but last time i told someone about his view on an asset the person took offense .

That said,limit the number of pairs you're trading it will help you monitor the movement of an asset well

You are absolutely right sir, pls when it comes to me, don't hesitate to air your opinion out, I'm open minded and willing to learn, and I don't get into argument, when I see a post that doesn't resonate with me, I mostly ignore it and when I see that it turns out well, I always end up going back to the post to study it. And honestly I trade about 5 pairs but I think will cut it down to just 3 pairs for my sanity. So far the pairs that I will be dedicating my focus and attention to are GU, Gold and US30. My love for volatility would not have me look elsewhere 😅

it took some more beating from the market for me to finally accept that dxy is going up and xxxusd are going down. I have re-analyse and I am looking to short GU at new york killzone.

my trades on GU and UJ hit stoploss, as price took out the previous day low and high respectively which gave me a shift in market structure, looking at the 4h and the daily chart, I see that external range liquidity has been taken and price seems to be repricing into internal range liquidity. so come new york session I would be looking for shorting opportunities on GU, gold and US30 also. I closed my long trade on US30 which I have been swinging since on Tuesday for 286 points profit.

I must confess, that I feel discourage posting my trade calls because of my failure rate, I am tempted to stop posting my trades but some part of me doesn't want me to stop because by doing so I may not see the improvement I need, I so I'm going to continue to hold myself accountable.

UJ sell at current price stoploss 15 pips tp open
reason for trade: bearish MSS + return to bearish order block on the 1 hour chart

Mystiquefia:
Na Maven o boss... Chai and i been think say Next year go soft before 😂😂😂
If u know how dedicated i was to this thing ehn. Since July abi August 9 i dey trade this account 😂.
I manage pass phase 2 this week 9 dem shock me with this review. I nor even sure say anybody done reach Live account with Maven for FTA😂.
I wan go learn Coding ahbeg😂😁
My body tell me cuz yesterday as i dey waka, na so so Stone i kom dey kick for road😂

So sorry for your loss boss, you will sure bounce back.

Sorry it's coming a bit late due to network issues
GU buy at 1.2748
stoploss 15 pips
takeprofit 35pips
Reason for trade ote pattern at the 61.8% level and confluence of +ob on the 15 min chart


meanwhile we are just about 200 points away from 38000 on US30

Shout out to kozmicity, hope your good bro and also our FTA president aka Oga Samfelly, your absence is abysmally felt oooo, abi you don dey silently chop forest money 🧐

Mystiquefia:
Omor after how many months of trading this account, after i finally pass phase 1 and 2 these guys kom review my account see wetin dem talk. How person go dey restrict/limit lotsize during losing trade still dey limit positions? I just taya.. na now i see why pristinee been dey Para with maven

Why wait till after both phases have been completed to even say someone breached his account?

This really really really bad of them. it just shows how untrustworthy they are. pls what propfirm is this...

EmmanuelVi:
Potential bearish move I see here on AUDJPY.

Well I trade with a daily bias using the 4h and the daily timeframe to frame my bias, and looking at price orderflow from the daily and 4hour chart, price is still in an uptrend (bullish) on the 4h chart there was an imbalance and price sort of consolidated within the imbalance and then bust out of the imbalance impulsively, which I took it as price rejecting the imbalance and on the 15m chart price was beginning to print higher lows, see pics attached below

Looks like I quoted the wrong post

VeeVeeMyLuv:
I read somewhere that They move in opposite direction to gold

Not really, I'd say generally they move in the same direction because they are both paired against the dollar, but then also, each of them have their own peculiar characteristics, just like EU and GU, most atimes move in the same direction and sometimes in opposite directions but not too often

US30 breached 37800 as anticipated, let's see if it will take out 38000 level or it will reverse.

#santa claus rally