₦airaland Forum

Market
- low vol start
- both sides holding back

DAngFlour
- weeks within support zone
- a close above n5 much desired

FO
opens higher
breaks N60

ETI
- 3 week rest done
- weekly remains bullish

DangCem
- nice breakout
- ready to test 52 week high !

PETERiCHY:
This week OANDO will lose 52%, Those that has ears let them hear what the gods are saying.

*ThE OcToPuS*

loll
that wud be interesting !

mcshoby:
Elders in the house, thanks for all your guidance so far. Please what should be the correct entry price for FBNH with all that is going on?
Cc:
Fxuser
Bullbearmkt

the pull back will offer opportunities for re entry
still above long term trend line

BullBearMkt:
YOU ARE YOUR WORST ENEMY

-Over confidence (Ego)
-Lack of discipline
-Easy to bore
-Lack of patience

i'm perpetually observing myself loll !

DeRuggedProf:
Your job is to manage risk while not forgetting that your broker's children are in school and SEC has vacation allowance, minding OSCAR has a budget deficit too...

Loll #OMG
We chop together
But the volumes this past 2 months , no broker shud be complaining

DeRuggedProf:
A very dangerous and extremely cannibalistic cabal.
They have capitalistically ended the trading session again!

loll
Capitalistically , Cannibalistic , Cabal. ( C-C-C )

fxuser:
they turn up late
buy d best bids during support
sell d best offers during resistance

see dem
passing late entries
loll .

DeRuggedProf:
The bad guys have arrived now at 2:20pm, let the game start....

How I wish my transactions, buy/sale will attract only 0.5%...

they turn up late
buy d best bids during support
sell d best offers during resistance

Pennybanks
- rejecting the lows of d day
- nice shakes

Zhirinovsky:
it is well! I would had been over 13% on it by now.

Full Bid !
never to late ..
higher opening + vol is a good sign for short momentum swings

Zhirinovsky:
how did I miss my darling forte oil?

quietly breaking out !
#swing

smart money quietly making cross trades . .

OBAGADAFFI:
We all know the OandO is a big ponzi scheme.

they are cowboys . . price reflects all

OBAGADAFFI:
That stock should be selling @ N3

wicked ! loll

OBAGADAFFI:
Na today OandO day manipulate their books?

down -9%
over reaction ?

locodemy:
Hope you were able to make some cash this year?
I was able to make money in the four sales(transactions) i did this year and also my dividends added more money.
I dont think there is room to make heavy money again this month.Sept/oct to December will be a good time to add more cash.
We are looking forward for next year money making and planting season will will start next month(August-very bearish)
We will make money next year.

very good Q1 . we thank God
cud not go on planned holiday due to golden crosses
esp after nafex within d banks
so we are back in, change of strategy, to stay put above d 200.
a long journey ahead ..

Earnings Season
- d strategy after Q2 earnings for ''some stocks'' will be BUY and HOLd till next Yr
- every mark down, PB's will be mopped with immediate alacrity

GT
- d only bank above N1 trillion mkt cap
- been resting for 6 wks wt support above 33
- weekly RSI remain v bullish
- expect new highs
- others will ff !

UBA
- 63m plus units cross traded

Ucap
- opened higher
- nice shakeout

2zona:
FO pre market looks set and ready to break away from sub 50. Could it be sustainable

Leave those things to Mr Market to decide !
A higher opening above yesterday's close is most welcomed

DeRuggedProf:
https://www.dailytrust.com.ng/news/general/fg-to-offset-n2-7trn-pension-salary-arrears-others/205161.html

Liquidity is good news

Infinitisi:
Hi fxuser what period moving average do you use for your weekly charts?

Same with the daily
- 50 , 20 , 10
(- but i chk to see where d 200 is on d daily )

OBAGADAFFI:
Great news for Zenith Life.

Is Zenith Life a subsidiary of Zenith bank .

umm
nice

TA
- a Macd cross over above d zero line is much stronger than a crossover below d zero line (see banks charts)
- a +ve / -ve div on d weekly may take longer than u expect to materialise.
- a +ve / -ve div on d daily esp at extremes shud not be ignored
- hammer / inverted hammer on d weekly chart is much stronger than d daily
- a gap up in price on d weekly is a strong bullish indicator and vice versa
- wen d macd line are hugging each other, means low volatility , watch for breakouts or breakdown
- a weekly RSI break above oversold region is explosive, stocks tend to break prev highs when in this region (hold tightly)
- prices tend to behave differently when above long term moving avg than wen below (don't treat d same way)
- and be be lo


Note:
TA cant predict prices ohh . they only try to paint <PAST> prices & volume relationships in different** ways to reflect the mass psychology of market participants #imo

Dis:
i remain a full learner oh.

The 14 Emotional Dangers For Traders:
Anger- Leads to revenge trading and trying to get even after a losing trade.

Fear- The inability to take an entry or hold a winner in a trend due to the fear of a loss after entry or a winning trade giving back profits.

Disgust- Can lead to loss of a traders confidence after disgust with your own lack of discipline or the market price action.

Happiness- Surprisingly happiness can lead to trading too big and taking on too many positions. This usually occurs after a big winning trade or a winning streak when euphoria starts interfering with a trading plan or trading system.

Sadness- Can lead to having difficulty taking the next trade entry or cutting a loss. This usually happens after a big loss, a string of losses, or a big drawdown in trading capital.

Surprise- Many times a surprise can lead to making decisions based on emotions and abandoning a trading plan when the unexpected happens.

Neutrality- Trading is a lot of work and only passion and energy can move you toward doing the required homework that leads to eventual success. You need the energy of passion to keep your focus and do the work, apathy is not going to cut in with trading.

Anxiety- Can lead to exhaustion due to excessive stress. Confidence in yourself and your system will help overcome internal anxiety.

Love- If you truly love trading the markets then only time separates you from success. If you love trading for the wrong reasons it can be destructive. Like trying to get rich quick.

Depression- Leads to abandoning your trading. You can come back from a financial loss but you can’t come back from emotional ruin.

Contempt- Having contempt for the markets or other traders will result in bias and bad decision making.

Pride- Leads to trading too big, not cutting losses fast enough, and wanting to be right and prove something more than being a rational trader with a plan.

Shame- Makes it difficult to talk to others about your trading and look at your account capital due to your bad decisions.

Envy- Envy leads to external focus instead of the internal focus needed to trade successfully.


Link:
http://www.newtraderu.com/2017/04/11/dangers-emotional-trading/

#KeepCalm

DeRuggedProf:
It is only towards to close of the day that you can truly decipher the depth of wickedness of Market Makers...

they turn up at 2.20 to 2.30

[quote author=pluto09 post=58383464][/quote]still a full learner sir ! and still learning from you all !