₦airaland Forum

Market Timing

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“The way to make money is to make it. The way to make big money is to be right at exactly the right time. In this business a man has to think of both theory and practice. A speculator must not be merely a student, he must be both a student and a speculator.”

“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. “

“Obviously the thing to do was to be bullish in a bull market and bearish in a bear market. Sounds silly, doesn’t it? But I had to grasp that general principle firmly before I saw that to put it into practice really meant to anticipate probabilities. It took me a long time to learn to trade on those lines. “

“I think it was a long step forward in my trading education when I realized at last that when old Mr. Partridge kept on telling the other customers, ‘Well, you know this is a bull market!’ he really meant to tell them that the big money was not in the individual fluctuations but in the main movements — that is, not in reading the tape but in sizing up the entire market and its trend.”

“…the point is not so much to buy as cheap as possible or go short at the top prices, but to buy or sell at the right time.”

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Book:
Reminiscences of a Stock Operator:

#RandomShare

Big banks(GT, Zenith , Access, UBA)
Daily Trend Check Up

- all closing below the 200dma (buy and hold folks shud be out sef )
- 50dma maintains downwards slope
- pull backs hv turned to deep corrections / trend reversal
- sell into the any relief bounce
- be comfortable with any outcome
- preserve capital is our main goal
- caution out there

Volume
- so far very low vol
- issa waiting game

PharmAlfred:
I have never seen a more poorly organised AGM. Shareholders can't even enter the venue. For most investors, the AGM souvenir is the only tangible thing they get from these companies. I have left the venue.
They have not even started by this time.

dats just deplorable
#smh

Zenith
opening higher and re-testing that support one more time

#+veDiv

Chibuking81:
Signing of the budget would have bring back a little bull, but the story surrounding crude oil market will not permit it.

Only Q2 left in d short term to throw in some relief

DangCem
- down early ! putting pressure on d index

Superforecasting: The Art and Science of Prediction
by Philip E. Tetlock and Dan Gardner

Thread Summary:
https://twitter.com/IMRiskManager/status/1007611716862001152


(3 mins)

#GoodMorning #RandomRead

fxuser:
MSCI Update

https://uk.reuters.com/article/markets-index-msci/factbox-saudi-arabia-argentina-decisions-loom-for-msci-index-review-idUKL8N1TG518

if this 2 move up from frontier , dat gap will need to be filled

Argentina Wins Upgrade to Emerging Status After Nine Years

link
https://www.bloomberg.com/news/articles/2018-06-20/argentina-wins-upgrade-to-emerging-status-after-nine-years

Mpeace:
I mean 25.40

closed higher , above weekly open
closing d gap from prev week close
also forming a pinbar wit over 1 bln vol traded at a prev support level
wat Jijo's like to see

Custodian
- set a new 52 wk high during trading yesterday i think

MSCI Update

https://uk.reuters.com/article/markets-index-msci/factbox-saudi-arabia-argentina-decisions-loom-for-msci-index-review-idUKL8N1TG518

if this 2 move up from frontier , dat gap will need to be filled

mendes911:
In English sir....

its just TA jargon sir
but if u feel like chking :
https://www.investopedia.com/terms/d/deathcross.asp

umm more death crosses

Mpeace:
Zenith: 25.75.
20 is where I am.

umm that's below Sept weekly low

mendes911:
We are waiting for lower lows (hopefully) and then clean mouth towards Q2 result release (hopefully).

umm Q2 shud provide liquidity for further exit . . una JIJO guru's wud welcome any bounce opportunities

Banks
- unable to break above 50dma
- stuck below zero line #macd
- RSI < 50
- expect prev lows to be re-tested , will support hold?

#um

- Prices already trading below last week close early ! um

debenzd:
Please check Technical Analysis for UBA on Investing.com. Review the MA for all timelines and compare with Monthly.

Many thanks. We be JJC.

Ok Oga

Monthly
https://invst.ly/7rqgg
Wkly
https://invst.ly/7rqiw
Daily
https://invst.ly/7rql3
4 Hr
https://invst.ly/7rqlw

Using UBA and same MA on all time frames sir


i be FULL JJC Club member too

RabbiDoracle:
Fidelity nko?

It should be more than Access.

for shizzle
twas the highest coupon rate at 10.5% ! juicy junk bond

RabbiDoracle:
Fidelity nko?

It should be more than Access.

umm dat $400m one abi !
i no see am on fmdq quotes oh


https://www.fmdqotc.com/wp-content/uploads/2018/06/FMDQ-DQL-_-June-14-2018.pdf

Agbalowomeri:
Oga answer the jamb kweson o

the question no get answer ,
i never see green or red MA before nah ,
Agba epp out

Quick look at Euro bond (USD) Yield

Accessbank II +10.28%
FBN +9.6%
Ecobank +9.98%
Zenith/UBA/GTbank < +7%


in other news
Libor is almost 2%
dollar debt can become balance sheet wahala if rates keep rising

#RandomChecks

debenzd:
Good day all and happy holiday.

@fxuser, what does it mean when on the monthly chart, all the MAs of a stock(5,10,20,50,100,200) are green but on the hourly, daily and weekly chart, they are all red and say sell.

dipoolowoo:
Nigeria’s Foreign Reserves Gain $202m in 4 Days to Hit $47.6b
https://www.businesspost.ng/2018/06/18/nigerias-foreign-reserves-gain-202m-in-4-days-to-hit-47-6b/

Prestige Assurance Clears Accumulated Losses, to Pay Dividend
https://www.businesspost.ng/2018/06/18/prestige-assurance-clears-accumulated-losses-to-pay-dividend/

FMDQ Introduces Settlement Platform for Fixed Income Market
https://www.businesspost.ng/2018/06/18/fmdq-introduces-settlement-platform-for-fixed-income-market/

Report Identifies Nigerian Stock Market for Capital Raising in 2018
https://www.businesspost.ng/2018/06/15/report-identifies-nigerian-stock-market-for-capital-raising-in-2018/

FMDQ is way more busy than SEC ! MTN shud do quick

BullBearMkt:
...oil not smiling at the moment, Brent kissing $70 or below soon

interesting week ahead for oil with d Russia - Saudi romance ahead of OPEC meeting

Oil
- brent approaching $70

um

swilo:
Oga Fx,

Thanks for the videos.

It seems this whole trading is a science to and from you. I hope to learn a lot from you as time goes on because sometimes to me, the market favors my gambling activities more than my scientific and chart studying activities o.

#Diamond Bank.
#FIDSON

Science ke , its an art , everyone sees things differently

i admire ur mental state Oga, its why money will keep falling on u !

safepaulooo:
Bros na wave 3 we dey expect so ooh. After this wave, na to your tents ooh. Wave 1 na May/June 2017; wave 2 na January 2018, wave 3 go soon show. No miss am ooh.

Elliot Folks

Was January d end of Wave 3?

Third Waves (Wave 3)
'' Third waves tend to be strong and broad. They are typically unmistakable, as confidence in the direction of the new trend is clearly evident. Wave 3 usually generates the most volume and price movement, and they are the most likely wave to extend. The third wave of an extended third wave will likely be the most volatile point of strength in the new trend and things like price breakouts, continuation gaps, volume expansions, and increased breadth will accompany it. In Wave 3 for a stock index, nearly all stocks will participate. Because of the dynamics of this wave, it will provide the greatest clues to the correct wave count as it unfolds. '' #copied

#RandomReading

Weekend Reading
- if ur interested in Market psychology , chk out Mark Douglas Videos on Youtube
- long but insightful

Some Nuggets / Lessons covered are
- Winning and being a winning trader are two different things
- Mental skills are the key to trading
- Technical price patterns aren’t designed to tell us what ‘will’ happen next
- By accepting the random nature of trading I can produce consistent results
- Think in probabilities, not certainties
- Mind has to be free
- It’s not about being right or wrong
- Your beliefs systems determines how u see things and interpret them . . . and be be lo

Links:

https://www.youtube.com/watch?v=fL_q5uBkKJc&t=2401s

https://www.youtube.com/watch?v=B5JyWY-ppxg&t=127s

#EidMubarak to our muslim traders in da house

Fidelity
- dis bae can take back wat she gives with ease
- above the 200 and d 20 but below d 50 (https://invst.ly/7qtvb)
- Tk bullish crossover below the Kumo is considered _ _ _ _

this weekend is too long