₦airaland Forum

Wait o, our papa's neva come greet us here o

Daddy Infofirst and Boss Gabsonfx Eku Odun ooooooooooooooooooooooooooooooooo...........

Happy New Year ooo my pipu, reporting to base as instructed

NiceLegs:
Good Afternoon Everybody.

I burnt my $11.8 account this afternoon while trading Synthetics

I started learning Synthetic trading this last few weeks oo.

Hmmm....no holiday for me o.

And so today I was bold enough to practice on life account.

Come and see as my heart was just beating...gbim...gbim...gbim...gbim...

I trade Vix75.

Price was going on a downward trend on a sell. It was a long downward trend.

Then I saw that price was about to bounce back upwards.

So I did small analysis and I went in for a buy becos I saw the price was about to bounce upwards.

Then boom, I was in PROFIT.

$4 don enter my account in seconds.

I just happy. I say "na me be this?".

I just dey dance.

Before I knew it, Deriv sent me message.

I say ah...maybe na Congratulatory message.

I check am, I see "you have passed threshold bla bla bla"

Before I say make I blink my eye once.

All my $11.8 don clear.

I no see am again.

Omo... everything happened so fast.

I'm crying right now

This is the FIRST time I'm making huge loss like this.

Na so N20,000 ($11) wey dem gift me make I use am sew fine Christmas cloth don go just like that.

I'm not happy atall.

Abeg, I need person to dash me N20,000 make I use am sew new year cloth as christmas don go.

Newbie Forex Trader don tire.

I no do Forex again oooo

😁😁😁

Dear trader, we the family of forest traders want to congratulate you on the successful payment of your school fees at the department of synthetic trading, Deriv University... Pls do ensure to get your receipt and pay attention in class. Wishing you best of luck...
Signed: FTA ambassador for newbies/noobs forest traders

Abeg who leave door open make one noise maker enter dey disturb us here

Eku mrkt ooo
Chai ah don too tey 4 my sabbatical 4 FTA TG branch, see strange strange names wey ah dey see so, no worries ah don come back naw as Donald trump (@alexas58) don win election, make ah come dey sign attendance 4 here b4 dem go exile me permanently ooo, no be small vawulence 2025 carry so, abi no be so oga Sam

IN MEMORY OF THOSE WHO PASSED ON

Today, 23 years ago, I woke up to the most beautiful sunny London day. I was at work at 7am as usual. It was a busy morning on the trading floor. The US indices had taken a BIG hammering the night before, but it felt as if the worst was over in Europe. We had expected the FTSE and the DAX to open much lower, but they found resilience and bounced higher off the open.

Within 90 minutes of trading things calmed down and the traders and the brokers settled in, eating breakfast, reading newspapers and generally milling about doing nothing.

Suddenly there was a significant drop in the US futures markets. The head of trading got on the phone to his network, and it was quickly established that a plane had flown into the World Trade Centre.

The reason for the drop in the US futures was because the plane had taken out of operation one of the major US brokerage houses called Cantor Index. They would be unable to operate and that could cause a disruption to liquidity.

That was what we were told, and we settled back into our morning routine, completely unaware of the severity of what was about to unfold. It was not until we saw live pictures from New York, we began to fathom what was unfolding.

The rest of the day passed by in a blur. I have told the story many times, and while interesting and sad, it is not the point of my message to you this morning. I just wanted to reach out to you and remind you of the significance of today.

I happen to believe in key days, such as our birthday, Christmas, New Year, to celebrate what has been, and remind myself to be grateful for the time that I have had so far. I also “like” to remind myself of key days that represents bleak moments in my personal and in our shared journey, to remind myself of the lessons they offered.

Those who cannot remember the past are condemned to repeat it. I believe this to be as true for our personal lives as for our collective earthly experience. With this in mind I wish you a wonderful day ahead. I don’t know if NYSE will practise a minute’s silence at the open, but I will.

I am here in the shadows, posting as and when I feel is needed. Full service should be back tomorrow.

Stay strong

Tom

Good evening folks
Hope we all had a splendid weekend
The markets is about to open in a few markets and gold is expected to gap up at market open due to geopolitical escalation in the middle east, Hezbollah attacked Israel by firing missiles into military bases within Israel, all missiles have been neutralize and no casualty has been recorded so far, Israel declared 48 hour state of emergency and just now hamas also attacked by firing rockets into Israel. US also in talks with Israel over the situation.

Gold will pump during Asian session, due to dovish Powell on Friday and now geopolitical tensions...
Trade safe guys

My network is extremely poor at the moment so I won't be able to post screen shots...

Lastly this is all thanks to the falling prices of oil which help tapered inflation in the US and not only that, but also the weakening or slowdown of china's economy the largest oil consumer in the world has weakened the demand for oil, thereby increasing the downward pressure on oil. Although, new geopolitical escalation in the middle east and also between Russia Ukraine could spike up supply fears thereby supporting oil prices but other than that the risk is skewed to the downside

Us30 and Us100 to new all time highs this week, most especially us100 as Nvidia will be releasing earnings report this coming Wednesday.

BTC to 68k / 70k

I'm super bullish on gold, because the Fed's going into a QE cycle starting this September which is super bullish for gold and stocks

This coming week I'm anticipating Gold to 2550

See how price broke the high or Q2 on the weekly chart, this shows that the bulls are on a rampage

I'm pretty much bullish on the yen, judging from the monetary policy divergence between the BOJ and the Fed.

The recent rise in inflation in Japan is a welcome development for the BOJ as Japan has been battling with deflation since the Asian market crash in 2001. The BOJ has been trying to raise inflation for decades in the economy until the recent development.

The crack in the US labour market and the surprise hike in rates of 15bps in the last BOJ rates meeting led to the flash crash in risk assets, with massive sell offs seen in the yen pairs and global stock market. The selloff was as a result of the unwinding of carry trades on the yen pairs as the interest rate differential is beginning to converge between the dollar and the yen, hence the massive slump in usdjpy.

Earlier on during Asian session yesterday BOJ chair ueda hinted of another rate hike b4 the year runs out and later on in the Powell declaring a policy change due to their fears off the labour market made the usdjpy dumped 200 plus pips.

I am anticipating that usdjpy will draw closer to 140 level or below that as we can see a bearish divergence with the RSI on the monthly chart and then price broke the low of Q2 shifting market structure bearish on the weekly chart. We have the Tokyo cpi coming out this upcoming Friday and that'll definitely be market moving for the yen pairs and also looking at the current monetary policy divergence between BOJ and the Fed, there's going to be a continued unwinding of the yen carry trade as it's no longer attractive due to the narrowing of the interest rate spread between the dollar and the yen

Now lemme resume my weekly forecast and I hope that NL bots don't torment me....

DXY
Boy o boy, Powell did unleashed mayhem yesterday beyond markets expectations, let's recall that the whole saga started last year December FOMC meeting when the fed pivoted and Powell gave a really dovish remark signalling rates cut begining in the year 2024, the markets were euphoric and they began to anticipate rate cut as early in the start of the year in the March, this made all risk asset class rallied making new all time highs, but unfortunately Powell had to apply the breaks on the rate cut euphoria stating that the Fed stance is data dependent and would only consider cutting rates if inflation is sustainably declining towards their 2% target, the labour remains bouyant and the economy isn't recessionary, a goldilocks scenario.

This dampened markets euphoria which sustained dollar bulls although Q1 and Q2. Inflation has been steadily declining, services sector and consumer spending remains strong, GDP is still good compared to other G10 countries, overall the US economy is still doing good expect that the labour market snapped which spiked up recessionary fears, leading to sharp selloff in risk assets. What snapped the labour market was the rising unemployment rate and jobless claims as well as the downward revisions of the NFP jobs numbers, this showed that the labour sector is beginning to crack under high interest rates which have been higher for longer since the fed pivoted last year December.

So inflation is no longer an issue for the Fed to worry about as it has been steadily declining for the past 2 to 3 months aided by falling crude oil prices and PCE deflator is definitely coming lower this upcoming Friday. But the trouble with the labour market has shaken the fed with Powell clearly stating that the Fed would do everything in it's power to prevent the labour market from cooling further, and the Fed is ready to go into a new policy cycle, this by all means hit nail for a rate cut at the FOMC meeting in September. I'd say the bear party has just began on the DXY.

DXY below 100 this coming week....

Galleryeasy:
It feels so good to see that FTA is still alive and active. I have actually missed our banters .. mhen I relocated to UK Q4 Last year. I almost hit rock bottom here ,thank God the storm is over! Money is not everything ooo. Currently I only trade with FN and ACG.

Haaaaaa bossmiiiiiiii welcome back oooo
How you been sir, I've really missed your inputs here and I am also grateful to you for setting me on my journey to fundamentals analysis, I'm a lot more better than I used to be. Pls don't leave us here. Glad that you are alive and well Sir. 🎇🎆🎉🎊🎉

Bonjour ma famille

I want to apologize to the NL FTA family for being a prodigal son, I have become a child who has forgotten his roots and I wouldn't be where I am without this great platform. I am deeply sorry and beg for forgiveness for neglecting the family here. I want to say a shout out and a big thank you to realone12 for bringing to my notice on my prodigalism and also shout out and much respect to boss cashy11 for keeping this thread alive along with boss peteregwu, boss dxyy, and everyone that has been keeping FTA NL alive, God bless you all.

Although I've my fair share of trials and tribulations with NL bots, it's still no excuse to abandon this thread, so with this I am coming back home to roost here as I once did before. I'll be sharing my analysis, experience, journey and new lessons that I've learned here and but my trade calls will remain on the telegram thread, it's much faster and easier for me to post it there and there's no risk of me getting ban there 😁. All I'm saying is that I'll be active here as I once did, and I'm calling on all the telegram family to pls not neglect here as well.

And to boss cashy11, I want to plead with you sir, don't leave FTA NL sir, two wrongs doesn't make a right, your contributions here are tremendous and valuable, so I beg you pls don't abandon here too.

Last I want to shout out to the elders and my buddies here, shout out to my zaddies @boss gabsonfx2 and boss infofirst, shout out to the elders, @peteregwu, dxyy, samfelly, elliotwaveforec, aremolekunowo, biginnertrader, realone12, rainlover, karkinase, and to my buddies as well @kozmicity baba where art thou, abham, nzechu the oracle himself aka witchcraftfx, Lincolnoyeabor et al... Also shout out to charly20 and imaliyu wherever they are...

Last where is HUMBLETRADER ooooooo
🏃🏃🏃🏃🏃🏃

OIIYOOOOO
YEEEEEEEEEEEEEEEEEEEEBAAAAAAAAAAAAAAAAAAA
CONGRATS @REALONE12 🔥🔥🔥🔥🔥

I FEEL SO HAPPY FOR YOU SIR, FIRST IT WAS DONSHEDY AKA DONGOTE, AND NOW YOU SEF DON JOIN THE BANDWAGON. HAAA OPE OOOOOOOO, ME SEF AYAM COMING BEHIND UNA. OGA SAM NO LOSE GUARD OOO, I DEY REALLY HOPE SAY NA YOU GO BE NEXT.

#ITSBREAKTHROUGHSEASON

blackjack21:
Is there anybody here who play chess
Samfelly Dxyy Donsheddy Infofirst
Anybody?

I do bossmi and I'm also on both chess.com and lichess my username is @davigle

Rickk:
Honestly mehn.. I tell myself I'm not going to do this again, before that day go finish, I don do am again.

I go curse myself.. rinse and repeat again.. Omo life tuff, forex wicked!!😩

eku mrkt ooo, how wuna dey my FTA family.

with my humble experience if I were to give an advice, I would say that you should make those mistakes till you get tired of making those mistakes, because by then your brain would begin to avoid making those mistakes, this is just my humble take on the issue of indiscipline, as it is what I've noticed in my own journey. I tend to be a super impulsive trader, as I always jump into a trade at every market turn or signal that I think I'm seeing, I hate missing trades, it eats me up, but recently I just got super tired of making all those stupidily silly mistakes and I'm back to the lesson that boss infofirst has always preached on here. lately I'm not so eager to jump into a trade, I don't even mind missing the trade entirely, but b4 I enter a trade I have to be very sure that the trades meet all my criteria, and whenever I missed a trade that I've been waiting for, I always tell myself no problem, I'll just wait for the next bus (trade) and hope on it. I listen to the recent episode of words of rizdorm podcast here's the link if you wish to watch it to

https ://video.genyt .net/S6ehzf5SJO0

and during the interview, she stated that she got tired of making stupid mistakes and decided to stop making them, although it didn't happen over night. this is something I totally relate with and just my humble take on the issue of indiscipline... cheers folks

@aremolekunowo and jameseliass
pls send hi to me on telegram and I'll add you to the group 0 8 1 0 6 6 5 4 4 0 3

Danator:
@donsheddy
@davigle
@samfelly
This man don dey ask since. Make una help am abeg.

Bossmi no vex for the late response, I'm very active on the telegram platform during week days and visit NL on weekends. but donsheddy seems to have answer him...

Aremolekunowo:
Greetings to every one in the house expecially the Agba traders here @ peteregwu, cashhy 11, gabson, samfelly, donsheddy,, Abham, davigle, pipfisher,etc.
On my 5k and 10k funded next account update, I was buying GJ and UJ pairs was on a very good profits up to 3.6% at around 2am on Friday was feeling very good I just decided to leave the trades running till London open before closing them,
Only to check my trades around 3.30am behold there was mad volatility on the market to the downside evey where was red and I almost lost the two accounts. It was down to minus 3 percent and I thought I have even lost it.
I managed to reduce the DD.
Same thing happened around 2 pm the pairs went down again with mad volatility clearing all the SL.
But now I managed the 10k account to BE and 5k still in 2%DD. with same EJ, GJ and UJ pairs.
May God help us in this business 🙏
Even some time when I think I got my analysis very right I still loose trades and some analysis I didn't even do well I see them going the right way. It is well ooooo.

so sorry for your ordeal bossmi, unfortunately you were a victim of the BOJ intervention which occurred under the disguise of weak CPI data release and also bad UoM consumer sentiment report. pls avoid JPY pairs whenever high impact news on the dollar is being released. the BOJ have changed strategy on supporting the yen whenever US releases poor economic data,
this explains the crash you see across all yen pairs

boss karkinase is back yaayyyyyyyyyyyy

shout out to all our prodigal family members ooo 😁😜

charly20
abham
kozmicity
rainlover
feshizzy
rhinoemmy

and lastly baami at boss gabsonfx2
babami at infofirst, I hail thee ooo, I hope it good sir

hope y'all doing good
and other bosses I didn't mention I greet wuna ooo, but ah don forget wuna name 😬,

last hah forget

wey humbletrader dey naw, an FTA without vawulence is not an FTA, oga sam ah don pass mic to yhu

🏃🏃🏃🏃🏃🏃🏃🏃🏃

eku mrkt ooo

Fxwarrior:
Trade closed

Over 600 pips banked total

Bossmi, e ma bi nu si mi

ebi like say your gold chart dey very different from us ooo, because I don't understand how gold hit 2360 this week, the highest price gold reach this week was 2339 and that was yesterday Friday before it sold off to 2325. 🤪

aremso:
From the research I did, most people trading pennies usually blow up their accounts in the 1-2yrs of their trading. I thank God I didn't but learnt some hard lessons thereby giving my huge profits back to the market. I also research that is a market where small money can turn to big money but u must be smart and know what you are doing and this i confirmed from my friends account under my watch from 192 now going to 1k in KTRA which I will do the needful so affliction doesn't rise the second time. The market is not for the faint hearted as this is not naija stock market but the rewards can be enormous if one knows what is doing. My friend bought HLTH then according to what I said and me that gave it have booked my looses and moved but my friend still holding pennies like warren Buffett stocks now over 400 losses is that not madness and even when the stock went up abit and had opportunity to exit was still holding and he had made 900 on my o T R K call instead of him to let go when the losses never gotten to that level he, holding like the way is holding crypto. NSE has made some of us something else.
I know one day, one week , one month and one yr I don't know how long it will be I will hit 100k 200k 500k 800k and $ 1m in this market by God grace. Is a place to be.

A big kudos to you sire and with time you will surely hit those goals. pls i want to ask if there are stock brokers that allows option trading and also has no restrictions to Nigerians

samfelly:
It is not a new thing, boss. The spirit is always willing, but the flesh is imperfectly weak. Just keep feeding and strengthening that will power to do what's beneficial. E go clique, small small

Ride on alagba 🤣🤣🤣

abham:
Hi David. I'm doing great, 1% better everyday

You need to start ASAP

Yayyyyy, abham is back ooooooooo

great to have you back bro

Davigle:
BTC sell limit @70,000. SL at 70500. tp at 68,000

trade was triggered and tp was smashed 200 pips bagged for a 1:4 RR

BTC sell limit @70,000. SL at 70500. tp at 68,000

LincolnOnyeabor:
Use the Normal Bank Transfer method sir.

It accepts as low as $1.

You will be given an account number to pay to and in a few minutes it will be credited to your account and MT5

Thank very much bossmi

LincolnOnyeabor:
Funding $5 on my Cent Account and going again Next week.

.

bossmi have you funded your account on headway, if yes please what method did you use, I am planning on funding my account by month end too

dmahn:
Nice analysis chief. I love it when traders drop chart, there is always something to learn from na why i dey miss some guys for here. Well in trading there is always another side of the story. Just another perspective of mine that doesnt wrong yours, its just for educational purposes as well.

Looking at the weekly Tf , We are still in an uptrend, Price has formed an inverted H&S pattern with the neckline already broken which indicates a continuation, the right shoulder is the ideal buying zone but there isnt any buying confirmation yet so price might keep dropping since the weekly uptrend line is broken, However there is also a Weekly FVG at the right shoulder, which might be a zone for buyers as well.

Summary: I will not take any Short untill the weekly FVG has been invalidated.....and wont take any buys without seeing any buying confirmation on the weekly.

Make small pikin like me chuk mouth for elders talk. Though I don't trade gbpnzd.
But here's my humble markups