₦airaland Forum

buy EU @ market price with tp @2666,

follow @ your own risk.

we might be seeing a reversal on EU at this point, but if R1 (2498) is broken , we'll get to 266x

jamace: Hello everybody. Welcome to another market week.

May the pips be with you.

May it be with you too.

hi Aguiyi,

Can you send the indicator to me, chukkilala@yahoo.com, thanks.

aguiyi: if anyone body here need the indicator in the sub window,pls indicate interest here

it displays multiple pair trend on one chart and can be useful for correlation trading like honeric01 has explained above. looking at that indicator, you will get a clearer picture of the message he tried to pass across to the house

@ honeric01, weldone there bro

KazeKage1: How does this PM thing work
o

When your sent a PM, you get a notification on nairaland, but the message is sent to your e-mail, if its not in your inbox, check the spam folder,

Hope this helps ...

I have registered oooo, PM me the code, i need to rip some teams apart

silibaba: [NEWS TRADING]

hi, everyone

We have three high impact news releases scheduled for
today, with NFP being the focus of the day. I've added
an update to the analysis, so take a look if you haven't done
so already:

8:30am EST - US Nonfarm Payroll (NFP) Employment

We´ll be trading the US NFP (Nonfarm Payroll) Employment Change, it is the focus news release for the week. Here´s the forecast:
8:30am (NY Time) US NF Employment Forecast 150K Previous 115K
8:30am (NY Time) US Unemployment Rate Forecast 8.1% Previous 8.1%
Deviation: 70K (BUY U SD 220K / SELL USD 80K)

The Trade Plan
Todays NFP Employment Change release is forecasted at 150K. The Unemployment Rate is expected to remain at 8.1%. If we get a significantly lower release on the NFP (80K or worse) and slightly higher Unemployment Rate (8.2% or more), I´d be looking to SELL the USD against stronger currencies. On the other hand, if we get a positive NFP release (220K or better) and the Unemployment Rate remains at or below 8.1%, USD should strengthen immediately and I would BUY USD against other weaker currencies (use CSM or recommended pairs above)

If we get a conflicting release, then well wait and see how the market reacts first. If there is an overwhelming sentiment driving the market, well get plenty of opportunities for an entry if we just wait for 5 minutes after the release; you´ll get a much clearer view.

UPDATE – May 31, 2012
ADP NFP came out at 133K versus 139K expectation. Jobless Claim at 383K versus 370K expectation. 4-week average Jobless Claims now sits at 373K, slightly higher than the average of 370K… With the ISM Non-manufacturing PMI scheduled next week, we don’t really have much to go by to predict this NFP release, therefore I’d expect to see roughly inline figure around 150K.

It’s important also to consider the Birth-Death Adjustments, which is expected between +150K to +200K, and that is going to guarantee a NFP release above 100K for tomorrow… therefore on a significantly weaker release, we should see much weaker USD reaction as the prospect of QE3 would become more real.

NFP Trading Strategy
Let´s talk about how to trade this release: We´ll wait for the numbers to come out but continue to hold on a trade, Even if we get our tradable figures (220K to 80K). Wait for a possible revision of the previous release number of 115K as the market usually overreacts with the Revision and chances favor that a solid trade will present itself if we dont get a conflicting releases between the revision and the actual release; at this point, still stay out of the market.

Then the next step is to wait for the Unemployment Rate, which is expected to remain unchanged at 8.1%. If the Unemployment Rate were to surprise higher, were faced with an imperative decision at the time of the release.

After all of the numbers have been released, wait for the market to push and wait patiently for a decent retracement before getting in. Look for recent support/resistance areas for entry as a high impact news with various components are extremely volatile, and those who are patient will always get a chance to enter with a much better entry.


8:30am EST - CA GDP m/m (released at the same time as NFP)
Canada´s monthly GDP report will be released today. Here´s the trading forecast:

8:30am NY Time Canada GDP m/m Forecast 0.3% Previous -0.2%
ACTION: USD/CAD SELL 0.5% / BUY -0.5%

The Trade Plan
Let´s look to SELL CAD if we get a -0.5% or worse release, or we’ll BUY CAD on a 0.5% or better release. With recent uncertainty in the commodity space, a strong fundamental such as the GDP figure may be the catalyst we need to see more volatility in CAD.

I’d recommend to use the Recommended Pairs above as they are based on my CSM and should give you the best combination of currencies to trade in the event of a better/worse news… of course, you can always trade the default pair for this release: USDCAD.

[BREAKING NEWS]

(US) US Fed's Bullard commented that he continued to see US
2012 GDP at 3%. He did note that additional Quantitative
Easing was possible if the US economy deteriorated but that
scenario was unlikely at this time. He forecasted end-2012
US Unemployment Rate at 7.8%. He noted that Europe was in a
grave situation and that the ECB liquidity injections were
not a fundamental solution. He stated that any Greece exit
the euro could occur without much damage to the European
Union but safe haven flows were affecting FX markets.

(US) Q1 PRELIMINARY GDP Q/Q ANNUALIZED: 1.9% V 1.9%E;
PERSONAL CONSUMPTION: 2.7% V 2.9%E.

(US) MAY ADP EMPLOYMENT CHANGE: 133K V 150KE- Prior revised
down from +119K to +113K

How to interpret this?

US Economy continues to show resilience despite global
slowdown and European Sovereign Debt Crisis. Fed. Bullard
commented today that U.S. GDP is likely to reach 3% by the
end of the year and that further Quantitative Easing is on
the table although not likely. Bullard's position is the
reflection of the majority at FOMC and I believe QE3 will
probably not happen this year, especially considering that
the economy has not deteriorated to a point that would
require further Fed action, especially considering the low
bar (NFP 100K) that Bernanke set during his last FOMC Press
Conference.

Therefore, I would expect to see further strength in the
USD on reasons of better fundamental (in relation to
Europe), safe-haven status, and no QE3. Verdict: Keep on
selling EURUSD.

continue to enjoy the down-south


Thanks,

nice one silibaba

exago: Where does a someone new start from?

go to babypips.com

drogbaaaaaaaaaaaaaaaaaa

Hello people,

My house have been infested with some stubborn bedbugs, i've fumigated the house on 2 different occasions, yet the tiny devils have refused to disappear. Will appreciate anyone that knows a potent insecticide to deal with this little devils to drop a hint. thanks.

bond777: Good day guys and babes

Pls help me thank God for His mercy and faithfullness. Had an accident last week but to the glory of God i came out unhurt and unscratched (pic attached below). To God be all the glory. May He bless us with plenty green pips to replace what was lost.

Cheers

Thank God for your life bond, The Lord will bless you with more pips to recover.

Hehehe,

Hear we come, bring on the green pips

honeric01: before it was co-operating, but now na zig-zag the thing dey do, always waiting for me to do something, then does the opposite, when i don't strike, it stays there forever.

Patience is the name brother, stay cool, the bulls are not exhausted yet.

tonjoan: Yes, but then daily is still looking up and we look likely to close the day bullish before continuing in the outlook of weekly.

congrats on your marriage, wishing you a lovely home and many happy children

Selling GU @ 1.592x, T.P 70 Pips, A dark cloud cover have been formed on the weekly TF

jamace: Are you sure Instaforex is not a SCAM? Read brokers review on FOREXPEACEARMY.

Instaforex is not a Scamoooooo, the only thing is you won't be allowed to initiate a withdrawal without verifying your account bu uploading KYC documents.

just ma 2 cents

honeric01: my pending sell at 6050

Pending sell stop @ 1.6010 triggered, gu is going down down

Hi peeps,

have anyone made a deposit to instaforex through instaforexnaira ?

hello my dear friends, i wish to officially announce that i will be a year older on monday 27/feb/2012, so pls house join me to pop champagne and help me thank papa God for keeping me alive to this day, happy season 5, more green pips to our account

happy birthday ehizmac, dozens of pips to you this new year.

thanks to Naijababe and Concept for the advice. Will always come to the house with ma confusions and questions

May the pips be with you

Hi guys,

pray season 5 will bring green pips to all. I first came to this thread in season 3, to inquire about learning forex and the good member of this forum, referred me to babypips and some other sites. Thanks to everyone for the advice

Have finished the tutorials at babypips and have been demo-trading since mid January, however I'm having the following challenges:

[list]
[li]because of my job, i focused on the Daily and 4H charts (swing and position trading), i check 4 trade opportunities after work from 10 - 11 pm and early in the morning b/w 5-6 am. But i don't seem to get enough opportunities to trade. I know there are people in this forum that work and trade, will appreciate your advice on how to spot more swing trading opportunities [/li]

[li]I've been trading on demo accounts from insta-forex, fxopen and alpari and the results have been considerably good. I want to open a micro account so i can get used to the psychological part of money management. Which of alpari and FX-Open should i consider. will appreciate advice from peeps who have used/ are using this platforms[/li]
[/list]

May the pips be with yah all.

Yesoooooo, Let's go there,

Happy pipping all.

Its so so painful being a chelsea fan these days, AVB says we're rebuilding without giving the younger ones a chance, the older players come up and give us any kind of performance because they know their positions are guaranteed despite how bad they play.

Ashley Cole has lost it, Bosingwa should not have anything to do at right back, Malouda should not have anything to do with the first team, on current form he's a reserve player.

AVB, should give the hungry youths a chance to prove their mettle, if they fail, let them fail after all the so called senior team are also failing

As for Torres, he should be sold to any team that wants him, he's already a bad investment.

so so Sad

It's so obvious AVB is not in charge of transfers and that's very annoying, a manager should be allowed to pick his work tools, so that when he fails, he'll have no excuse.

I think is time to reconsider the position of some executives in Chelsea's board.

Hi guys,

Nice work your doing here,

I need an unlock code for my GLO ZTE MF110 modem.

the imei number is 356420046846523.

The code generated by the Huawei unlocker did not do the job.

Will appreciate your help or suggestions.

Hi guys, i need an unlock code for my GLO ZTE MF110 modem.

the imei number is 356420046846523.

The Huawei unlocker does no t do the job.

appreciate your help

thanks bro

Hi guys, any link were one can watch this match online

Thanks Keni and sillybaba,

Just enrolled at babypips. 100$ its small but i hope it will help grow my first teeth in trading, then i can move to something bigger.

Looking forward to joining the gurus in the house.

Hi Guys,

I am interested in forex as an alternative source of income, have been reading some books on the subject, but there are some things i''ll like to be cleared on :

1. Can i be a profitable trader if i only trade early in the morning and later in the evening.
2. What broker should i use, i understand the broker you use sometimes determines your success or failure and there are many scam FX brokerage firms out there.
3. Is 2 months enough time to practice with a demo account before opening a live account.
4. What are the implication if one opens a live account with a small amount ($100)

I will appreciate if experienced guys out there can answer some of my questions, links to good materials for beginners will be appreciated.

Thanks

Hi Guys,

I am interested in forex as an alternative source of income, have been reading some books on the subject, but there are some things i''ll like to be cleared on :

1. Can i be a profitable trader if i only trade early in the morning and later in the evening.
2. What broker should i use, i understand the broker you use sometimes determines your success or failure and there are many scam FX brokerage firms out there.
3. Is 2 months enough time to practice with a demo account before opening a live account.
4. What are the implication if one opens a live account with a small amount ($100)

I will appreciate if experienced guys out there can answer some of my questions, links to good materials for beginners will be appreciated.

Thanks

Hi Guys,

I am interested in forex as an alternative source of income, have been reading some books on the subject, but there are some things i''ll like to be cleared on :

1. Can i be a profitable trader if i only trade early in the morning and later in the evening.
2. What broker should i use, i understand the broker you use sometimes determines your success or failure and there are many scam FX brokerage firms out there.
3. Is 2 months enough time to practice with a demo account before opening a live account.
4. What are the implication if one opens a live account with a small amount ($100)

I will appreciate if experienced guys out there can answer some of my questions, links to good materials for beginners will be appreciated.

Thanks