₦airaland Forum

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.

The perfect trade is not always the trade that hits target but the trade you executed based on your entry rule.

You'll be profitable on the long term if your trades are automated.

How many times have you closed your trades only for it to shake waist at your SL and go to greet your TP.
Psychology is underrated.

Factor a good RR into your trading process and results will speak over time.
Shalom!

Powerbandooo:
U might be dissapointed
Like NFP on last friday

Best to TP before CPI and avoid stress like Trump speech.

The joy of seeing profits can never be outgrown.

Don't underestimate the power of journal: taking notes about your observation and findings in the market.

It helps to curtail repeated mistakes in the market.

Watch YouTube videos on trading. There's always something to learn or relearn.

Fxwarrior:
Gold is pumping.
The big boys have entered the market.

Nobody trusts Trump again that's why they put their money in gold awaiting his speech.

I managed to buy just below 3311. Let's see how it goes.

The bulls have it. No obstacle until 3368 region and possibly a break above 3400 region if bulls persist.

Buy and stop pretending. The beautiful side of trading.

Gold is pumping.
The big boys have entered the market.

Nobody trusts Trump again that's why they put their money in gold awaiting his speech.

I managed to buy just below 3311. Let's see how it goes.

GOLD Alert

Buy 3324
Stoploss 3317

Target 3424

Fxwarrior:
Gold Alert

Sell 3322
Stoploss 3326

Target 3282

This trade is expected to have a sharp drop by 11am.

Gold Alert

Sell 3322
Stoploss 3326

Target 3282

Fxwarrior:
My Trading Plan for this week.

Disclaimer: This is based on my years of experience and observation in the market. Do your due diligence.

On the long term, gold is still bullish unless 3250 is breached.

On the short term gold is bearish. I might expect gold to find resistance around 3330 region after perhaps testing 3287 region and drop further to 3273 region.

Somehow it will find support between 3270 and 3290 and rally upwards to retest 3400, a break will see it to 3440 region where it'll find strong resistance and retrace to 3376 region.

So Monday trade possibly bearish.
Tuesday - Thursday possibly bullish.
Friday = consolidation

Could this be playing out? I think so.

Who said trading plan while not perfect is not important?

Fxwarrior:
GOLD alert

Buy 3307

Stoploss 3302

Target 3427

Exited

OfficialP:
Nice call unfortunately the SL was tight

My SL or yours?

brownemmanuel43:
Ever since I came across ur comments on this thread, it has always being grammar upon grammar. In d world of money, na d secret bi d main ting not grammar.
Oga sir, what's ur analysis on xauusd, tank u

You mean signal. What he did is close to analysis. It's for you to determine your bullish entry.

GOLD alert

Buy 3307

Stoploss 3302

Target 3427

My Trading Plan for this week.

Disclaimer: This is based on my years of experience and observation in the market. Do your due diligence.

On the long term, gold is still bullish unless 3250 is breached.

On the short term gold is bearish. I might expect gold to find resistance around 3330 region after perhaps testing 3287 region and drop further to 3273 region.

Somehow it will find support between 3270 and 3290 and rally upwards to retest 3400, a break will see it to 3440 region where it'll find strong resistance and retrace to 3376 region.

So Monday trade possibly bearish.
Tuesday - Thursday possibly bullish.
Friday = consolidation

Penguin2:
Except another Champions League Club comes for Osimhen, he should stay at Galatasaray.

The club is playing Champions League next season. And at 25, Osimhen should still stay and play elite competition.

If he goes to Saudi, he will just be forgotten and that’s not good for a relatively young talent.

You forget he has health issues. He needs serious money for retirement.

powerblaze:
I heard Alonso wants him at Madrd.
Let him check all his options before choosing.
He's shouldn't be under any pressure to sign for a particular club.

He shouldn't join the crisis at Real.

nzechu:
Dey play.

It's a swing buy in motion. Will probably last months.

The buyers are still pricing the shoe they will use for the marathon in Yaba market, the buy race has not even started

In dropping your analysis you should factor what is happening in the short term which is more important. So far gold has dropped over 800pips.

Are you telling us that your Stoploss is 2000 pips? I believe you didn't even see it coming because your comment clearly shows it.

Even if you defer in opinion must you add "Dey play" or you don't know what it means? Dey play means that person is joking or bluffing and I don't bluff when it comes to forecast.

I have posted over 1000pips movements several times here. Not saying that I'm perfect though but then let's be civil.

I still believe the market has an unfinished business at 3290 region.

Whatever it does doesn't change it.

nzechu:
Dey play.

It's a swing buy in motion. Will probably last months.

The buyers are still pricing the shoe they will use for the marathon in Yaba market, the buy race has not even started

I don't know why you're calling me out even when gold did more than 600 pips dump yesterday.

blackman007:
Weldone sir….pls is it only gold you are trading?? Just one pair?

Yes.

Fxwarrior:
GOLD sell activated

600 pips possible

This might still be possible by tomorrow.
Buyers should be cautious.

LincolnOnyeabor:
This is Me.

Made $30 on deriv last night and still blew it all despite telling myself to close for the day.

I feel soooo Ashamed!!!!

If you check well it could be lotsize issue.

You need to have a determined lotsize for each account size.

Pipsmarshall1:
Abi 3400?

Yes but I believe it has an unfinished business which it should have done before that crazy Monday move.