₦airaland Forum

Any bearish engulfing on the 1 hour candlestick can start the sell.

Price is at point of decision whether to strengthen to 3341 or weaken to 3210/3195 region

Fxwarrior:
The concept of areas of interest are regions around which price is expected to react.

The market still looks weak unless bias changes at market open.
3210 is Possible if market weakens around 3283/93 region but if market strengthens then 3341 region is achievable.

I don't know if this is what Mark Douglas meant about trading in the zone but it's worth looking into.

Any student or follower of Mark Douglas can shade more light.

Maroka5:
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Feel free to tell us your qualification or mention where you copied the write-up from, it could help for reference sake.

onatisi:
I understand but don't forget that Kwankwaso influence is only very very prominent in Kano ,outside of Kano it is limited

Check his win during the election and decide if it was only Kano.

onatisi:
The north is the deciding factor in our presidential elections and they were the ones that have Tinubu over 63© of the votes that brought him in , I don't think he will get up to that this time around and that is why he is trying to pull all the south together to vote for him but that will be very difficult

He's trying to get kwakwanso on board. That can tilt more north to him.

The concept of areas of interest are regions around which price is expected to react.

The market still looks weak unless bias changes at market open.
3210 is Possible if market weakens around 3283/93 region but if market strengthens then 3341 region is achievable.

Fxwarrior:
This is against popular opinion but 3285 might not be ruled out

This was me on Monday. Somehow I spot target and direction but then market is not perfect, there are often retracements, consolidation all to regain momentum to reach the target.

Keeping one's cool and understanding it for what it is, is very necessary.

Gold Alert

Buy gold 3328

Stoploss 3318

Target. 3368

True?

This is the last week of the month. Protect your capital or take a break.

Gold Alert

Sell stop ,3355

Stoploss 3365


Target 3285

oooooooooooooooooooooo

This is against popular opinion but 3285 might not be ruled out

Maroka5:
Weekend Tip

As a forex trader, aim to simplify your strategy until it's clear, clean, and easy to execute. When it’s time to trade, there should be no second-guessing! Your setup should speak for itself.

Take time this weekend to practice, backtest, and refine your strategy until you know it like the back of your hand. Then move to forward testing on a demo or cent account.

Simplicity brings clarity. Clarity brings confidence.

Happy weekend and productive charting!

Okay. Nice one. Trading is about setting rules that guides your execution and timely entry/exit with precision is important.

Please we need more updates on Goat Funded. Some are saying online that they paid for the $5k challenge and didn't get login details.

Let's hear how it went for you. Another thing is what documents do they need for verification?

JasonNOTStatham:
$ Vs ₦ account
₦64K buys ₦1 million account, which is about ($40).
$40 can buy a $5K or $10k discounted account.

You make 10% on a ₦1 million account = ₦100K
You make 4% on a $5K account = ₦300K
You make 4% on a $10K account = ₦600K
Also,
₦36,000 is about $23 which would buy you a 5K account (discounted in multiple firms)

The ₦ numbers is big but $ value matters

You can never compare Naira and Dollars in value.
Reasons many are investing in dollars is to run aware from inflation and this is dragging us back to it.

It's not even like the #1million is actually #1million but theyll still restrict you with percentage drawdown. At the end what you have access to is only about #200 000. Pathetic.

Maroka5:
New Week Trading Tip 💡

Start this week with a clear mind and a solid plan. Don’t chase trades, instead, let your edge do the work. Patience, discipline, and consistency are more powerful than any indicator.

Stick to your rules, manage your risk, and remember: one good trade at a time.
Let the market come to you.

Wishing you a focused and profitable week ahead! 💪

That's the spirit. Some write-ups are best memorized.

Road map to consistency in trading.

emperor4love:
phone charging 400 per phone una too dey play shaa

That's true. Not everything is a lie.

Better believe this one because it's the truth.

Based on technical, gold has rejected upwards move.

Gold seems to be targeting 3355/45 region.

While men slept, gold bought.


Odiaro would say: " Are we there yet?"

Gold Alert

Buy gold 3385
Stoploss 3380
Target 3305 or lock in profit at 3395 and let's see if it takes us to 3500 region

Gold Alert

Buystop 3420
Stoploss 3415

Target 3520

Fxwarrior:
There were some interesting moves last week that shows that gold intends to greet 3500.

Although fundamental looks bearish for gold but sometimes gold can manipulate fundamentals or disregard it for it's favoured direction.

Some traders have predicted a possible gap in the market but what I will add is that gold will be volatile next week at least up to Wednesday.

There's a public holiday in remembrance of end of slavery in America on Thursday so banks are closed: NO TRADE.

Expect major moves to happen between Monday and Wednesday.

Finally next week might not be good for day trading as you'll need a good stoploss margin to chest such positions. Determine the right entry and avoid fakeout moves.
Example: GOLD might do like it's all sell, only to shoot up like a rocket.Trade safe.

I expect a possible shoot up on gold by 9am at around 3403/3393 region or thereabout. Aggressive traders may buy immediately while conservative traders should wait for 1 hour bullish confirmation.

Expected pips: 1000+

anonimi:
Is their governor the commander in chief of the armed forces and the head of the police force

Ebilokan knows what to do with the SE people who are responsible for all these killings.

Every governor is the chief security officer of his State. If the security forces are not forth coming, he can organize local vigilante to safeguard his State. Absent that, resignation is an option.

He swore to defend his State and not to allow personal interest to affect his government.

nzechu:
No physical address!, that one is a real red flag

Modified: but they posted their address. We should be careful what we post

I wouldn't know where you lifted the address from. But professionally contact address is not what one should look for. It should be in the: About us or contact section.

Nonetheless it doesn't change my observation. What an elder sees sitting down.. I'll leave it like that.

Edited: It's most likely they added the address recently because I checked well before posting which means they're either here or have representatives here.I wish I had snapped a screenshot. Looks tampered with. Someone should check out the address physically although it wouldn't change anything as Cybex had an address.

I am not beefing them, just that the red flags are screaming at me. Let it be I made my observations known for posterity sake.

I was excited when someone posted about Nairatrader here. I was happy that Nigerians are now considering floating their own prop firms. Nevertheless I have this to say: PROS and CONS

PROS:
1 They have a good website easy to navigate.
2 They have multiple online contact channels
3 They have fairly considerate rules except compulsion to take a trade every week! If it were monthly it would be understandable.
4 They accept Naira transfer


CONS:
1 No physical contact address
2 Poor funding models. Example use 9500 to access 30000. When you can grow pass it using your own account.
3 Possibility of turning scam if not now later
4Poor capital generation model. Imagine depending solely on failed challenges and copying their 'profitable' clients. To me not sustainable

There were some interesting moves last week that shows that gold intends to greet 3500.

Although fundamental looks bearish for gold but sometimes gold can manipulate fundamentals or disregard it for it's favoured direction.

Some traders have predicted a possible gap in the market but what I will add is that gold will be volatile next week at least up to Wednesday.

There's a public holiday in remembrance of end of slavery in America on Thursday so banks are closed: NO TRADE.

Expect major moves to happen between Monday and Wednesday.

Finally next week might not be good for day trading as you'll need a good stoploss margin to chest such positions. Determine the right entry and avoid fakeout moves.
Example: GOLD might do like it's all sell, only to shoot up like a rocket.Trade safe.

Review of next week Gold: XAUUSD current position and possible direction upcoming

Fxwarrior:
I am projecting another 1000+ pips DROP on gold. Gold is looking over bought.

Price is likely to get rejected

Sell 3425

Stoploss 3430

Target 3325

Although I see it getting as far as 3275

This is still valid as it continues into next week.

I am projecting another 1000+ pips DROP on gold. Gold is looking over bought.

Price is likely to get rejected

Sell 3425

Stoploss 3430

Target 3325

Although I see it getting as far as 3275

Gold Alert

Sellstop 3411
Stoploss 3418

Target 3383

I used to set unrealistic targets in time past. It's painful to see yourself 150pips in profits only to open your eyes again and watch trade hit your SL.

You'll be surprised how many pips you'll make gathering 100 - 200 per trade.

Contentment is great gain.
One trade per day helps to overcome overtrading.