₦airaland Forum

pappy2000: send all questions to boomodara@gmail.com .Its going to free from now till the end of August,For those who will be receiving the alert from me check the calendar that i posted earlier that will give an indication of the times you should expect the alert from me.For example there will be no alert today it that simple anyone willing to join can send his name phone number and email address to boomodara@gmail.com

jtmoneyjt: BIRD KILLED IN A BIG WAY!!!!!!!!!!!! SWEEEEEETTTT!!!!!!!!!!!!

puskin: yep.....so wat do U have in mind.....a RISE BET??

jtmoneyjt: pls oga sir even doh u dnt lik the name jst giv me 1 small clue on indices how to know how to trade it pls

ayox2003: Season 4 already. Good!
Dear Lord, let this thread be an improvement over season 3 and give us more profits this season as this year is really moving to an end. That we may find favour in thy face, both Pros and newbies. Amen.
All that started this thread would be alive to start season 5 in profits.


Frawzey

mkmyers45: i will send it to you first so you can try it before we share with the house..will that be ok?

mkmyers45: i have one system i want somelse to try out..interested?

mkmyers45: Did you check out the simulator pasted above?

Fxmagnate: Sound advice to ponder upon for the weekend

There are 3 things that make one a successful trader.

1) Family support, without it you will never have the chance to evolve as a trader. Money and time constraints are too hard as is, without moral support, you will never be in the right state of mind

2)Go live as soon as you can. Go live with money you can afford to lose. You will lose it. Many times. Demo teaches you everything except the most essential key to becoming a true trader, the emotions involved in trading and better yet, how to control them. This takes years to master and demo is wasting time.

3)Perseverance is key. Without the resolve to continue even when all seems hopeless, you will never make it. As long as there is hope, you still have a chance of making it. No matter how long it takes. The moment you lose hope, stop trading, forever, your mind cannot handle this biz. Some of us are traders, others where meant to be teachers or doctors or construction workers or retail works. It is as simple as that. If trading is not for you, it is not your fault.

fxbomovi: What a great week. This week alone- my money was tripled. Thank God

mkmyers45: Are you dropping the signals cos i no get chart?

mkmyers45: Mr Sleek Sniper

toluxa1: Kai, dis indices wound me small o

jtmoneyjt: u know on forex factory u match their time with the time on ur computer so that u get the actual time for ur time zone

jtmoneyjt: 1.30pm nigerian time

EnterPRO: abeg, na which time dis news go comot?

A surprise announcement can impact the market in many ways. For example, February’s figure was forecast to be 150k, from a previous figure of 203k, but actually 243k was announced. This was 93k more than what the market was expecting. On the back of this news, GBP/USD moved from a high of 1.5836 to a low of 1.5755 in the space of just 30 minutes. That was a move lower of 80 pips.

Such a quick drop in price was generated because the announcement was surprisingly positive for the US economy and traders may have wanted to get on the back of USD strength as soon as the NFP figure was revealed. A second round of volatility was observed after the announcement and we saw GBP/USD rise again just 30 minutes later. The pair then proceeded to rally to a high of 1.5827, effectively erasing the drops seen earlier.

This is a somewhat typical move when it comes to the NFP and the market’s initial reaction on this currency pair, which is why trading the NFP results can be exciting and beneficial if you plan your trading strategy carefully and manage your risks.

EnterPRO: as per NFP: AU, NU seem to be FALLing, while UC looks to RISE.

watching for a good spot to go LONG.

I also think US Stocks will open high, as there's currently nothing to drive them down.

Ideas, anyone?

So, here are three scenarios for the immediate reaction to the Non-Farm Payrolls:

+70K to +130K: Within expectations – lots of usual NFP madness without any big moves. This scenario has a medium probability.

Above +130K: Good news – the dollar and the yen fall and others gain. This scenario has higher probability now. This may not last too long though.

Under +70K: Bad news – the dollar and the yen gain on global gloom. This has low probability, but bad news can never be excluded in the current environment.


http://www.forexcrunch.com/nfp-preview-upside-surprise-could-hurt-dollar-3-scenarios/

ayox2003: Okay.
Catch ya later.
Easy weldone, can see u down there.

Frawzey.

ayox2003: Wanted to go for 10m but felt too short.

ayox2003: Next time, tell us. We should have won 2 atleast.

EnterPRO: hmmn, na first 10mins i book oh

but from yesterday's data, first 20mins fit work too

ayox2003: These days, its like everyone has turned the market to lotto. The world is gambling with the market. No one whats to be involved in long-term investments and its killing the market. We BOM traders are now looking for where to sneak in to make some cash. No 5days trades or even 24hrs trades anymore. Its not our fault, though. Thats the way the world is at the moment and we must follow the trend else na "broke-lyn" person go dey.
Euro has fallen yakata. While awaiting NFP. I go sneak into the European indices for fall in first 20mins.

Goodmorning.

Bet Idea:
Gold rallied off the lows in June, with support building around the $1560 region. The precious metal has shrugged off the worst of its over sold conditions, but has certainly not swung back to an over bought status quo. The could be some more upside to come if demand for the US dollar subside. With the Eurozone politicians appearing to finally get the message, there is hope that the worst case scenario could be averted there (though doubts still remain around underlying growth).

A good way to play this might be a HIGHER trade on gold predicting that gold closes above $1650 in 63 days time for a potential return of 194%. Gold is found via the commodities menu.

ayox2003: I lost All. How come u won?

toluxa1: I entered only AU, and I won. But german, french and Spanish looks terrible.

mkmyers45: not too far from..both bets lost

mkmyers45: my own red o

EnterPRO: how many did you enter?

both are back in the money, 4mins to my exit time

fingers crossed

toluxa1: @EnterPRO..... Hmmmmmm

mkmyers45: Im not sure...what are you doing?

mkmyers45: Really?

prince123: its currently at 1.0258,,if yu love me you go pray for me.....

mkmyers45: So you leave us for jangolover?

ayox2003: Spanish, UK, German and French.
I go enter 8:10 to close 8:30.

Abeg make una no forget the money management rule to avoid migraine incase tables turn. Cos market now na lotto.


Frawzey.