₦airaland Forum

GabsonFX2:
Gold LongUpdate

Gold today searched for my SL but could not find it, even while gold was shorting, my bias remained long: I even took some scalped profits on it by longing it again and again. Now today possibly closing bullish, my long continues through tomorrow.

Bossmi, gold really played with my emotion 2day ooo, seeing how price retraced back to my entry and danced there, I was really tempted to close the trade, but what gave me confidence to hold on was my HTF bias. and also I am looking up to you boss, so I have to discipline myself and learn how to sit on my hands while letting the market to do it's thing

And lastly on index's, I am heavily bullish across the major stock index, as the stock market is set for a end of year rally...
Today, nasdaq has breached the high of 2023 at 15930.xx, and it's enroute to 16770.xx, the questions is can nasdaq take out 16770 before the year runs out?
Meanwhile, sp500 and US30 are behind the nasdaq as they are yet to take out the 2023 high but still very much in range or close to it... So far nasdaq seems to be leading the bull run in the stock market...
Also tomorrow, NVIDIA, one of the mega companies in the nasdaq will be releasing their earnings, although investors are anticipating a higher earnings to be released, and if that happens, we could potentially see a big bull run on nasdaq tomorrow, cheers to everyone and remember to trade responsibly
Cc: kozmicity, abham, boss gabsonfx, Elliottwaveforec and et all

kozmicity:
Trade setups. I will close my Nasdaq buy immediately market opens.

I'm also going to try to limit the number of charts I post by only posting a setup just when it gets triggered if I can or just before it does.


I wish us all a successful trading week.

I'm just seeing this now bossmi, in my humble opinion, you closed your trade prematurely as your analysis was right, nevertheless there's still more room to the upside as nasdaq has just taken the high of 2023, and with the rate at which it's moving, we could see nasdaq making a new all time high before year end

LincolnOnyeabor:
For those waiting for a Gold Sell, I don't think we'd be seeing that ooo.

Who is following the Israel case??

Israel's Ship, [i]Galaxy Leader[/i]was captured by Houthi Rebels in the Red Sea and taken to their Base with Israel noting that's it's threat on a Global Level!

With this we might see that Push in Gold Buy after all.

What do you bosses think??

Gbamsolutely, sire... Gold to 2009.xx

Donsheddy:
Hot

Boss wetin hottt

abham:
I like the pace at which you are going with your improvement. All your analysis are on point, I pray better opportunities locate you.

Amen bossmi, a big thanks for rooting for me...

Davigle:
AU 👇👇👇 CC: abham
Although I have mixed bias on AU as the monthly looks bearish the weekly is still neutral, but the daily chart is bullish. Also looking at seasonal data for the last 5years, you'd see that the first week of November tends to be bullish while the last 2 weeks of November tends to be bearish for AU and then going into Dec, the bulls end up taking the fight and finishes strongly at the year end, also looking at the cot report, we can also see a net long position, and a higher open interest, which is telling that smart money have already position themselves for a bullish run on AU, and then lastly, seeing that the RBA are still very keen on hiking interest rates as they did previously, also with the higher job/employment release which came out much better than the consensus at 55k higher than 22k consensus, AU is definitely set for a bullish run fundamentally speaking, but I personally would would like to see the seasonal data aligning with the cot report.

Sir abham, here's the seasonal data which I was referring to

AU 👇👇👇 CC: abham
Although I have mixed bias on AU as the monthly looks bearish the weekly is still neutral, but the daily chart is bullish. Also looking at seasonal data for the last 5years, you'd see that the first week of November tends to be bullish while the last 2 weeks of November tends to be bearish for AU and then going into Dec, the bulls end up taking the fight and finishes strongly at the year end, also looking at the cot report, we can also see a net long position, and a higher open interest, which is telling that smart money have already position themselves for a bullish run on AU, and then lastly, seeing that the RBA are still very keen on hiking interest rates as they did previously, also with the higher job/employment release which came out much better than the consensus at 55k higher than 22k consensus, AU is definitely set for a bullish run fundamentally speaking, but I personally would would like to see the seasonal data aligning with the cot report.

Gold, I'm still holding on too my long position on gold as we are yet to reach our target which is 2009.xx. I stongly believe that gold will end the year above 2000.xx, this is just my opinion though but it's based off some fundamentals...

EU and GU 👇👇👇
Cc: rhynoemmie, kozmicity and et all

Hulo house, hope we all had a great day, I'm pretty engaged at the moment, that's why I couldn't post my charts during the weekend, nevertheless better late than never....
So I'm still heavily bearish on the DXY, due to the fact that from seasonal data on the DXY, November is a bearish month and we also have the recent cot report confirming this bias with a total net short position and a higher open interest than the previous report. And also investors are looking to push price lower, still riding on the bearish CPI news release while looking forward to the upcoming FOMC minutes this week which should give insights on how the Fed's intended to cut interests in maybe May 2024 and also how fast or slow the would be cutting the rates
On the daily chart, the next DOL is the equal lows

samfelly:
Sorry, mate. EU is a buy. Crawling to 1.10025

yes definitely sire, I was only hoping to scalp the news like I did on GU...
but as it stands, the news by 2.30pm will add volatility to the market, sending all xxxusd up

Davigle:
sl hit, reentered with a 20pip stop
I got overconfident with my first stoploss

Abort abort abort,
trade closed, I didn't like how EU is acting news had practical no effect on it ...

Davigle:
Alright guys, we are just 50mins away from this event which is by 11am, and it seems price on eu is aligning with the possibile outcome of the event, which we are anticipating, i.e bearish CPI, if it does that EU dumps hard, already we see GU has acted as it fore runner on bearish retail sales, and eu is looking bearish this morning.

I've entered a sell on EU with 10pip sl and 40pip tp... let's wait and see how it goes....

pls use proper risk management wooo, ah no wan hear Village pipu tinzs

sl hit, reentered with a 20pip stop
I got overconfident with my first stoploss

Davigle:
Hulo house, hope we all had a pipfull day, so here's an update on EU and GU, so recent economic data has set a bullish tone on all xxxusd assets, due to the whole interest rates cut saga that the Fed's are delibating on. Fundamentally we are in a bullish trend long term but you know how it is with trends there'd definitely be pullbacks along the way up and here's one I spotted on EU, this is for my ICT family, if you check the 4h chart on both EU and GU you'd see an SMT divergence, where EU made a higher higher and GU made a lower high, now my keen interest is on EU as tomorrow by 11am, EUR CPI will be out with investors expecting a lower CPI to be released due to ECB stances on keeping rates flat, and maybe considering cutting down interest rates in 2024 to bring down inflation that has been wrecking the EU economy... So we could potentially see a deeper push lower on EU on the back of CPI if does come out lower or a continuation of today's rally if CPI comes out stronger/higher...

Ps: I could be very wrong though and market can rubbish all my jargons above after all the market does not speak English 😜

cc: rhynoemmie

Alright guys, we are just 50mins away from this event which is by 11am, and it seems price on eu is aligning with the possibile outcome of the event, which we are anticipating, i.e bearish CPI, if it does that EU dumps hard, already we see GU has acted as it fore runner on bearish retail sales, and eu is looking bearish this morning.

I've entered a sell on EU with 10pip sl and 40pip tp... let's wait and see how it goes....

pls use proper risk management wooo, ah no wan hear Village pipu tinzs

Morning folks retail data came out bearish for the GBP, and due to that GBP is dumping at the moment, I believe we're seeing a deeper correction on GU before price continues it's bullish momentum....

GabsonFX2:
That's not it with fundednext and ftmo.

I guess this could then become one of your major priorities in selecting brokers in the future.

But can recommend or mention some brokers or propfirms with very low spread boss. I only know Deriv has one of the lowest spread among brokers

Jeshurun90:
You must be a dogged ICT trader. I have been observing your analysis. Can u help me with any ebook on ICT? I want to know about BISI, SIMBI, and the likes.

In all honesty, I'd recommend you go through ICT YouTube channel if you want to study or look up ICT concepts, because most ICT ebooks out there are from ICT students who made notes from his lessons and to be candid they won't make much sense to you if you don't watch his lessons and see how he applies them to his chart, but I'll give you a link to a telegram group where an Indian guy pasted ICT contents but new and old some of which are no longer on his YouTube channel, with some PDFs , I hope it helps.

👇

t(dot)me(slash)studyICT

ICT always says that price is always trying to tell a story, there must be a narrative or context behind every trade setups... cheers

Hulo house, hope we all had a pipfull day, so here's an update on EU and GU, so recent economic data has set a bullish tone on all xxxusd assets, due to the whole interest rates cut saga that the Fed's are delibating on. Fundamentally we are in a bullish trend long term but you know how it is with trends there'd definitely be pullbacks along the way up and here's one I spotted on EU, this is for my ICT family, if you check the 4h chart on both EU and GU you'd see an SMT divergence, where EU made a higher higher and GU made a lower high, now my keen interest is on EU as tomorrow by 11am, EUR CPI will be out with investors expecting a lower CPI to be released due to ECB stances on keeping rates flat, and maybe considering cutting down interest rates in 2024 to bring down inflation that has been wrecking the EU economy... So we could potentially see a deeper push lower on EU on the back of CPI if does come out lower or a continuation of today's rally if CPI comes out stronger/higher...

Ps: I could be very wrong though and market can rubbish all my jargons above after all the market does not speak English 😜

cc: rhynoemmie

rhynoemmie:
I don close this one. God came thro Make i go chill till next week

Nice trade bossmi

Gold just has breached 1975.xx level PDH has been taken out and it's about to blow above 1980.xx

Gasive:
See bros, if na play make una stop am. Why e reach ibro turn everybody com dey speak grammar. If na play just stop am, no be everything dem dey use play.

Comrade put more volume for your speaker

Lanshile:
Let samfelly be deceiving u
This bro really worked hard cos ppl always mock him after every competition
He doesn't like being praised that is why he always look for a way to divert attention when people dey hail am for his success
Na u be the next in line
The man just wan make money from fx and live a silent life like a criminal hiding from his wrong deeds

Broda flesh and bone did not reveal this to you

Gasive:

Yes! I support you.
Don't let them tell u nonsense. Ur own won't be different. It's your turn and you must claim ur mandate.

Wa sere Omo iya
on your mandate we stand ni ooo 😁

Waddup pipu, like I said earlier on, the bulls are back on gold, US jobless claims came out badly for the dollar and it's dumping like a meteorite,Gold seems to be soaring on that news release, 1970.xx breached... I'll be swing gold alongside boss gabsonfx.... cheers to those on the right side of the trade next level to be broken is the 1975.xx

GabsonFX2:
Silver and gold

After the standby, getting ready for a long gold and silver.

Silver longed, SL = 22.55.
Long ride till like next week Thursday.

Gold to be added if today or Friday closes above 1973.X, else ignoring, and to remain on standby.

See you all next week.

Oya oooooo you have heard it from the boss himself,
(jumps into the trading room)
Hello folks, today is greedy bastard day and I want y'all to long gold with all you've gat in 3....2....1.........


ps: use proper risk management wooo, ah no wan hear say village pipu hold you for blokus fiam....

Puremark:
Why non farm payroll news release is not coming up in December .pls enlighten me

Bro next NFP is on Dec 8, you can check forexfactory or fxstreet...

FXcandles:
Due to falling oil prices, Bloomberg reported that Russia will cut its crude oil export duties by 5.7% for December
New import duties that began in December were set at the equivalent of $3.37 per barrel or $24.7 per ton, according to Bloomberg.

Meanwhile, Saudi Arabia may extend its cut oil production until 2024 according to Reuters due to Energy Aspects co-founder Amrita Sen as said citing oil prices that are still too high and fundamentals that are still too strong to support a reversal. Oil price yesterday back to decline and is now traded at 76.55

I guess the bulls won't be here anytime sooner maybe Q1 of 2024, as it stands the bears are having a field trip on the black gold...

I believe gold is setting up for another bull run. I expect gold to correct lower and maybe consolidate between 1955.xx and 1950.xx, if it does that we may see a bullish momentum by Friday before market close.
Although I maybe wrong, but I sure am sitting on the sidelines until I am sure of what I am seeing before I dive in...

GabsonFX2:
US30 is vexing!

Walaitalai the Tim Taya me sef, up she no go, oya come down, she say mba... e b like say dis ranging fit reach Friday abi wetin you see bossmi...

nzechu:
bro u are doing well.

Guess wat, witchcraftfx concept indicates there will be continuous bullish strength.

But of cos market can choose to show us the middle finger

It looks like the bears have it today, but this could be the pullback we all need to join the bullish train, from the HTF, the markets are correcting before they continue the bullish momentum..., tomorrow may also see a deeper correction or consolidation, I'd rather prefer the latter so that I can prepare to buy...
so hence sitting on the sidelines