Davigle's Posts
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Davigle:
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Davigle:Update
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Fxwarrior:. I'm on it too with BTC also |
hulo house, so today's FOMC meeting was pretty bloody beyond all expectations or ramifications, I believe all the volatility for the week has been let loosed today, and the rest of the week maybe range bound, I personally would take the rest of the week off and go and play with synthetics while preparing for next week |
kozmicity:Bro, the FOMC was a big canon that you ignored, infact because of today's FOMC, CPI wasn't as volatile as it use to be because today's FOMC meeting was the last meeting that the Fed's would held for the year 2023. and as you can see all hell was let loosed in the markets today |
Ibrahimlagosian:You are absolutely right sir, I am not in the right state of mind seeing how price is playing according to my projections and I am not able to profit off it is eating me up inside out |
Davigle:I called the 37000 level on US30 but I didn't have the guts to stay true to my bias, I was scared and now US30 has breached 37k 😭😭😭 |
😭😭😭😭😭😭😭😭 why the fuçk did I close my long trades on gold, us30 and nasdaq b4 FOMC, I for dey feel like idan oh my God oh my God village pipu do me strong thing ooo 😭😭😭😭😭 |
ok pipul the bulls are back on gold, and we are gonna ride em till the end of year, at long last bullish end of year rally on gold... plus us30 and nasdaq |
Abeg who dey listen to wetin Powell dey talk , ah no get data to stream his speech, #the power of Powell at work this is clear evidence that the Central Banks control this market, they are the market manipulators and not the big banks as my mentor use to say |
Osheeeee Powell, long live the bullsssss, dxy 🔻 xxxusd ⬆️ Although I'm not on any trade oooo |
Davigle:And my stoploss was beautifully triggered by PPI news 🤕 |
Jameselias:Great to have you back sire |
raphemmanuel:Nothing good comes easy bro, and if that's one of the price you have to pay b4 u achieve success, I'd say that's a good thing, sorry for your loss, but don't stop to wallow in your misery. Keeping on grinding, keep on moving champ |
Davigle:And we are live buy limit triggered |
UJ buy limit, at 145.7xx stoploss at 145.5xx
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morning folks, so over night the BoJ released a statement that they would not be hiking rates this December in their meeting next week, rather they would be keeping their rates unchanged still at the -0.10%, I'm guessing US CPI yesterday made them had coldfeet. Due to this development I am no longer bullish on JPY, (xxxjpy bears is no longer valid) I would looking to long UJ if my setups show. cheers cc: puremark, kozmicity |
Toh CPI don dabaru my plan, no trade for me today, make I kuku wait for FOMC, |
nawao, CPI Neva commot market just dey buy dollar sef dey sell, this makes me feel edgy, but time will tell, on top that gold just dey sell range, I no even know what I'm seeing on it sef Back to the sidelines make 2.30 come shaperly |
rhynoemmie:I would be waiting for CPI before I make my move because, a stronger CPI will make jpy crash (xxxjpy ⬆️) |
realone12:Egbonnnnn, something must kill a man 😂 |
dmahn:Amiiiiiiin Oya Powell where are thou? iyalaiya, I dey ready for you today 🏃🏿♂️🏃🏿♂️🏃🏿♂️ |
abham:I'd say we have an SMT divergence between the Aussie and the kiwi |
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
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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...
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Davigle:Evening house, update on NQ and YM Price booked as anticipated
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dmahn:Alaye, y u con dey drag title with me now, you no know say na only me be the indiscipline trader for here, oya shift joor, you are in my space 😝 |
Puremark:In my own opinion, I'd say yes it does affect the forex market. I personally use it to track smart money movements in the market. also if you've gone through Babypips, they did talk about cot report and how to use it for your analysis in the forex market |
Cc: puremark I know you don't trade ICT concepts and I'm not trying to sell the idea to you, but if you look at the daily chart of both EJ and GJ, you would see an SMT divergence where EJ made a failure swing by failing to break the previous high while GJ raided liquidity above the previous and then breaking structure aggressively. Last, looking at cot report on the yen, euro and the sterling, the commercials (aka smart money) are net long on the yen and net short on both the euro and pound. And last week Tuesday, the commercials added to their long positions on the yen while adding to their short positions on both the euro and pound and open interest increased greatly on all three reports. I know I typed alot of gibberish up there which may not make a lot of sense to you but I suggest that you just take the parts that compliment your analysis, and besides use proper risk management when trading as the market may decide to rubbish my analysis as Powell no be my papa... So overall I am bearish EJ and GJ from the HTF, but I will wait for the LTF to align with the HTF as the LTF is bullish at the moment, bearish market structure shift on the hourly chart should signal the continuation of the HTF bearish trend, cheers and I hope it helps you, also elders in the house, pls don't hesitate to make your contributions or correction as I am also open to learn from my mistakes |
Cc: puremark GJ
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Cc: puremark EJ
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Puremark:I am actually bullish on the yen due to the fact that the BoJ would be hiking their rates in the coming year, thereby ending their decades of keeping rates at a negative 0.10% which has greatly devalued the yen and also made inflation super high on the yen. Also not forgetting the Fed move on cutting interest rates on the dollar, investors could potentially gravitate to safe havens like yen, swiss franc, gold and silver, and also other risk assets like stocks. Although, recent nfp data came out stronger which send US yields higher thereby strengthening the dollar, if CPI comes out much stronger, we could see a potential rally on dollar because the Fed's may change their stance on cutting rates and decide on keeping rates at their current levels for much longer, this will also influence the BoJ decision on hiking rates and maybe compelled on keeping the current rates thereby sending yen much lower. Therefore we could see a potential rally on usdjpy, if CPI comes out stronger, which in turn will send both EJ and GJ higher as they move in tandem with UJ, and also due to poor GDP and economic growth in the UK and eurozone with both the ECB and BoE stance on cutting rates, the euro and the sterling might just plunge much lower. But a much weaker CPI will be the direct opposite of the above and with the BoJ set to release their interest rate policy next week, a weaker CPI might just bolster confidence to BoJ on hiking rates. |
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