₦airaland Forum

Although all my projected targets were not reached but price did move as anticipated, cheers, and merry Christmas to you all

Davigle:
Happy Sunday Fams;
So preparing for the last trading week for the year 2023;
Here's my price projections for the week ahead, cheers and trade safe

DXY, EU and GU

Davigle:
More

AU, UJ and UC

Davigle:
Oil and Gold

Update on oil and gold

Davigle:
I don't trade this but I am just studying it

Hulo guys update, on my previous forecast.

Congratulations to boss gabsonfx, you really motivate me and give me hope, I know you didn't get there in a jiffy and I am willing to work hard and be patient for my turn to be successful as you boss. pls do well to drop the link of the interview so we can watch and learn from your experience and wealth of knowledge.

EASYLIFE4US:
Explain the divergence please

So sorry for the late reply boss, my location is under a blackout as Boko boys bomb our power transmission line, the whole state is under a blackout at the moment.

The key to understanding monetary policy divergence is by looking for interest rate differentials i.e. this means that you are comparing the interest rates of different currencies with the goal of finding a stronger currency and a weaker currency and then pairing them together then you will have the best trade setups. The goal of every trader is to trade a strong currency against a weak currency or a weak currency against a strong currency. Trading a strong currency against a strong currency or a weak currency against a weak currency will result to a consolidation or a rangebound market. For a trade to occur one currency has to be strong while the other has to be weak. Monetary policy is the actions or policies employed by the central banks in order to control money supply and achieved economic growth and stability. One of the key tool of monetary policy that is being used by central banks around the world is interest rates and if you remember babypips lesson on fundamental analysis you will remember that interest rates was the first thing that was discussed before GDP, retail sales, CPI and so on.

Now the NZD has been battling with high unemployment and inflation in their economy and the RBNZ forward guidance in times past was on tackling this issue. The unemployment rate spurs from their low population growth leading to lack of labor which affected the growth of their economy as can be seen in their previous GDP. So the RBNZ stance was to keep a tight military policy as a means of tackling the issues at hand. (Tightening monetary policies means raising or keep interest rate unchanged. this usually have a positive effect on the currency.) the recent economic data release for the third quarter showed an increase in population growth and also inflation is still rising. So the RBNZ stated in their recent forward guidance that their focus is now on tackling rising inflation and to do that they would be keeping their interest rate unchanged. This means that they are still hawkish on the NZD.

As for the Federal reserve bank they have been hiking interest rate on the US dollar all through the year due to high inflation in the US economy and high debt levels. Also high unemployment has been an issue for the Federal reserve bank as a result of some aftermath of covid 19 saga. Recent economic data starting from the beginning of the fourth quarter of 2023 shows that inflation is declining which can be seen by tracking previous CPI and PCE data release. This made the Federal reserve bank refrain from hiking rates and then decided to keep rates unchanged at 5.5%. but the recent economic data release show that inflation is rapidly declining towards the Federal reserve bank target of maintaining inflation at a 2% level. Current inflation is at 3% level which is a huge drop because at the start of 2023 inflation was at a whooping 10% level in the United States which was crazy high, hence why the Federal reserve bank where hiking rates aggressively in other to bring down or lower inflation. Now with inflation declining rapidly, the Federal reserve bank no longer need to keep monetary policy tight as stated by Fed chair Jerome Powell in the last FOMC meeting last week Wednesday December 13th 2023. Investors are expecting the Fed to start cutting rates as early as march 2024. that's why my long time bias on the United States dollar is bearish although we could see bullish momentum from January to February 2024 but when the fed start cutting rates in March the dollar is going to decline heavily hence it would be wise to find currency that the central banks are still keen on hiking interest rates or keeping it unchanged for their currency and pair it up with the United States dollar. the two currencies that are on my radar are AUD and JPY. the RBA has stated in their previous forward guidance that they will continue to hike rates as inflation is still high in their economy while the BoJ will be going out of a negative interest rates in the year 2024 and will be hiking rates to 0.1% which could see a significant rally in the yen. And the yen also being a safe haven currency will also see investors flocking to it in the advent of a weaker dollar. hope you find it quite insightful.

EASYLIFE4US:
Shorting nzdusd, who's joining me, you can still enter at London open

On the contrary I'm long NU because looking at fundamentals you would see NZD is stronger than USD due to the divergence in their respective monetary policies

LincolnOnyeabor:
Hello sir.


Do try Headway sir. I've worked with them and confirmed them.

Should you desire further, I can drop the links for you.

Their Minimum deposit is $1 and Withdrawal is $1 too.

Withdrawal is less than #15 minutes and their Customer service is Too Notch.

Someone here has registered with them and they've confirmed it.

Also, They have this Program that they give you $111 free to trade with. Then after 7 days, they will take back their $111 leaving your Profits.
Though, you can't withdraw the profits until you trade one-third of the profits in lot size. But you can be withdrawing any amount based on the Lot size you traded for that month.
Let's say you traded 10 standard lot in a Month, they multiply that lot by 3 and then make it available for withdrawal to you.

For instance, you made extra $600 profits after the 7 days. The $600 will be in your account, till you deposit and trade till you get that Lot size.

Should you desire further help assistance or have questions, do ask sir.

account and I have made some profit on it, but I'm still not clear on their rules that says that one has to trade the profit divided by 3 lots, in total lot size to be eligible for withdrawal, pls can you clearify this for me
Good evening sir, I took advantage of the headway bonus , because if I understand that correctly on my $111 bonus account, I flipped it to $329, so when they withdraw their $111 I would have $218 in my account and then dividing that by 3 standard lot that would be approximately 73, does that means that I have to trade 73 lot before I can withdraw from my profits?

To fellow newbies, do give the headway $111 bonus a try it may be worth it

Cyril009:
Good evening sir & ma

how do I draw the Asian session range from 10pm to 6am

while trading synthetic indices

cause of the disparities between broker's time and local time

Thanks in advance

I do not know what broker you are using, but if you are using Deriv know that Deriv time zone is GMT, which means that we are an hour (1 hour) ahead of Deriv in Nigeria, so what you would do is just to subtract an hour from each of the time period and then locate it on your 15m, 30m or 1h chart using the vertical line. That means 10pm to 6am would be 9pm to 5am on Deriv. a simple trick that I use to know my brokers time is to go down on either the 1h or 15m chart, but preferably the 1h chart and then I compare the current candlestick time on my chart with the current time on my watch or phone that way I get to see the time difference between my place and that of the broker. but generally I think most brokers are GMT+2, so you would have to add an hour to whatever time you would like to locate on your chart

I hope you find it helpful, cheers...

sampz:
Seconded

Thirded

We are freaking back, hoorayyyyyyyyy

Donsheddy:
Happy Sunday guys...
These are the names nominated to do us the favor of hosting next years fta thread...
As part of the fta tradition.....

Donsheddy

Samfelly

Ernesco0816517

Davigle

Peteregwu

Infofirst

Ballzproblem2

Geovanni

Dmahn


Personally i for remove my boss samfelly name because him don big pass that level, i remember say him don previously host😂😂
Even my boss infofirst don dey bigger than this level😂😂😂
I will also remove Ballzproblem because he nominated himself and he just came to this thread newly

Please if you have anybody in mind, nominate now i will find a way to set up the names for voting...
Na democracy we dey...
I promise not to do like inec 😂😂🏃‍♂️🏃‍♂️

Since it's election period on FTA, and as infofirst and samfelly na elders dem be, hence I will be voting Dmahn as he is one of the consistent op here on FTA

Mirallas:
Bosses in the house, please Is there a charting platform like trading view for synthetic indices on deriv

There isn't any platform like that but it seems like Deriv and tradingview collaborated to create this tradingview integrated platform which can only be accessed by web.
Here you go

https :// tradingview(dot)deriv.com/deriv

Davigle:
Mallam Ibrahim, I don't know if you were referring to me but I took the liberty to mark out cadchf, do compare and contrast with your own analysis as mine may as well not play out. I personally don't trade outside the major currency pairs but I would like to see how it plays out .
Cheers to anyone who may profit from it, but don't ignore proper risk management

I don't trade this but I am just studying it

Oil and Gold

More

Happy Sunday Fams;
So preparing for the last trading week for the year 2023;
Here's my price projections for the week ahead, cheers and trade safe

kozmicity:
Thank you all for your input. I decided to stick with FBS, hopefully they don't fail me.


Ive deposited too, so make una dey pray good prayer for me, by end of next year, I want to have at least 2 million naira in my bank account and nothing less than 1000usd in my trading account.

Makes proud champ, really rooting for your success... 💪💪💪

VeeVeeMyLuv:
Apart from deriv which other broker offer synthetic indices?

Meshpips recommended litefinance sometimes back but I have never check it to confirm it, you could check it out and also kwakolmarkets also offers synthetic indices, but in my opinion I think Deriv is still the overall best broker when it comes to synthetic indices

Puremark:
which broker is this ?cus my broker don't have usdngn

It's exness ooo, but they've disabled the trading buttons, you won't be able to trade it. you can only view the chart

Alert alert alert

High impact news by 12pm gmt +1 (a big red folder news)

NIGERIA CPI YOY to be released 😜

USDNGN long 100 lots

stoploss 5pips
take profit open

cheers and congratulations to everyone who takes the trade 😝🏃🏿‍♂️🏃🏿‍♂️🏃🏿‍♂️🏃🏿‍♂️🏃🏿‍♂️

Ballzproblem2:
na lie ,I wan buy Lexus next year through forex

ur a bhad boi....😂😂

Puremark:
what next boss

I'll rather wait till the weekend and restrategize, will keep you posted. and also I never reach boss ooo, na fellow noob I be oo

Swing trade alert
Gold buy at 2038.xx
100 pip stoploss

Ibrahimlagosian:
Can you Cadchf for me.thanks

Mallam Ibrahim, I don't know if you were referring to me but I took the liberty to mark out cadchf, do compare and contrast with your own analysis as mine may as well not play out. I personally don't trade outside the major currency pairs but I would like to see how it plays out .
Cheers to anyone who may profit from it, but don't ignore proper risk management

Davigle:
Morning folks, looks like the markets are beginning to price in a potential weak CPI, but only time will tell. Looks like EJ and GJ is beginning to move as anticipated, there's a -MSS on the 1 hour chart which is clearly visible on EJ than GJ, but let's see how it goes

Cc: puremark, kozmicity, rhynoemmie

GJ took out the SSL, and has repriced into an imbalance while EJ failed to take out SSL but has repriced into an imbalance.

Haaa abeg ooo
diswan wey dem nominate me 2 times, na small pikin I be ooo, if there's anyone I would nominate is none other than Oga Samfelly, aka our FTA prime minister abi na vice president... the president na 🤭🤐

I'm heavily bullish on gold but I still haven't found a good entry, I bought gold earlier today but I got stopped out, looks like she's range bound for now

Davigle:
Cc: abham, kozmicity
I think AU may play out accordingly, the only thing left is confirmation from CPI tomorrow. A weaker CPI should send AU soaring as well as EU and GU, while a stronger CPI will send the dollar soaring thereby dabaruing my analysis... Which ever it is I would wait for CPI to come out and then act accordingly...

AU finally played out as anticipated

Davigle:
Your UJ sell is on point, I'm seeing the same too.

Cc: Rhynoemmie, hope you bagged a lot of pips

Davigle:
As per say na you be my first customer, I say make I give you jaara
Usdchf 👇

Cc; gasive, although gbpchf looks like it may not work out