₦airaland Forum

Thanks honeric01 for the info.

Please does anyone know what time is the highlighted will happen?

Hey Seun, I just noticed that all the ads appearing on your site have all gone and a campaign soliciting for clients are placed everywhere. What happened to your regular clients who have been advertising here?

Nasdaq already up into NY session

infofirst: Guys,can eu get the reversal to 1.27xx or 1.26xx at 1.324xx, Help me check with inner eyes bosses. Happi weekend

The next target for EU is 1.34xx, the only thing we can see will be minor retracements and profit-taking ahead of New York open.........1.2700/1.2600 maybe a long-term thingz

Congrats to all crude oil traders......finally hit 100........waiting for New York open to enter long for risky pairs after retracement

naijababe: Make it a Jagerbomb pls . Is it me or does it have 1800 written all over it? My chart seem to think so

Which one be Jagerbomb abi you wan turn yourself to suicide bomber. ayox2003 abeg give her ogogoro to calm the cold for there and you fit order from me even if na drums you want

@ naijababe & ayox2003

There is 1790 to battle out with. If it's broken today I see 1800 soonest

Don fibonacci: Based on Harmonic calculations GU is prepping for a nice fall.Price has hit my calculated potential reversal zone.I am closely watching PA to see if the pattern is valid.
PRZ parameters is at 0.886 internal retracement of XA,2.0 external retracement of BC,1.618 alternate price projection of AB and 2.618 alternate time projecton of point B from X.
see chart below.Gold has hit the zone,watching PA too (put up a chart some days ago),the NU chart analysis I put up last week has exceeded my expectations..Will wait till 2moro to enter any trade,don't trade asian,i need my sleep .
Where are my harmonic/fibo traders?...ayox2003,naijababe,jakpayen et al?,any thoughts on GU?.

@jakpayen...Bros u got mail.

hey bro! quite a while, I'm closely watching PA and will see how 4h candle react within this zone.

ayox2003: Let this movement settle. Omo Gold is capping 1750. Its better we wait for the americans to close shop.



Frawzey

@ what price are you looking to enter? What's your TP gonna look like?

naijababe: I thought of you when i saw the spike

lol

ayox2003: Ope oh!

Tp(1.0500) @ Aussie hits.

Closed Euro almost at 1.300 before sentiments begins its journey once again.



Frawzey

Ol' boy what a scare!!!! Are you buying gold?

Beware bears trap forming up!!!

UNLIMITED QE?! — Here's The Controversial New Move The Fed Could Pull Today

Read more: http://www.businessinsider.com/unlimted-qe-2012-9#ixzz26MjsgRyZ




Quantitative Easing -- the practice of the Federal Reserve buying bonds in order to boost the economy -- is already a very controversial idea. Critics liken it to money printing, and they say that Bernanke is bringing us down the road to Zimbabwe.

But if you thought that QE was controversial, get a load of this: UNLIMITED QE!

That's what Deutsche Bank is predicting comes later today, when the Fed announces its monetary policy decision at 12:30.

So what is that?

Well in the past, when the Fed has tried QE, it's always come with precise limits on size. So the Fed will say that it will buy $600 billion worth of Treasuries and mortgage-backed securities, but then nothing more.

But the hot buzz in economics these days is that it's not the size of the program, but the commitment on the part of the Fed to keep money easy until the economy is well on the road to recovery.

That's where unlimited QE comes in. The idea would be that the program would be open ended, with ongoing bond buying until that point at which the Fed was satisfied that the economy was strong.

The program is thus transformed from being a program about bond buys to a program that seems to commit the Fed to future actions.

Economist Tim Duy has a great discussion on unlimited QE.

I don't anticipate a lump sum QE announcement. I anticipate an open-ended commitment to regular purchases of securities, Treasuries and/or MBS, that can be scaled up or down in response to the economy. Wall Street may be initially disappointed by the lack of a big number, but over time I think markets will come to appreciate the greater impact offered by a regular commitment based upon economic outcomes rather than the arbitrary amounts and time lines of previous QE efforts.

To Duy, the big question is, what conditions the Fed attaches to ending the bond buying. It probably won't be an explicit Nominal GPD target or even something specific like an Evans Rule (no tightening until 7% unemployment or 3% inflation). It will likely be something softer, and more along the lines of "robust data".

Read more: http://www.businessinsider.com/unlimted-qe-2012-9#ixzz26MjgKM5A

lol @ the bolded

QE is coming and maybe an open-ended or unlimited and EUR/USD will hit 1.3000

naijababe: Definitely not betting against USD, can u see as gold dey fall yakata like ashawo wey no get shame after the earlier gragra this morning? I am waiting for my next 4h candle to finish before i launch assault on crude and gold.

This fall on gold na fake fall ooo! na opportunity to enter another long be this.

buy AUD/USD @ 1.0465 for 20 pips

ayox2003: Ur face just scarce for YIM. I just dey see ur post sef.

I skipped Crude and Brent sha.

Open Season 10 now.



Frawzey

Just heard that US Ambassador to Libya was killed in a mob attack, any effect on crude oil?

@ naijabae, did you give bendazoom authority to open a new thread? At least make people dey respect gray-hair.

Lucy001: Just my observation, I may be wrong,

JAkpayen: and JApayen..... Two user names, which is fake and which is right

And what is the purpose for the dublication

Abeg ooo! never clone mine. Na me be the bread/beans winner for my family, infact if you see the list of my dependant relatives u go pity me dieeee. I no want SSS invite at all.

lol!!!!!!! una don dey clone people ID for hia now?

^^^^^^^^^

Credit Suisse Private Banking Monday raised its three-month and twelve-month gold forecasts, citing an improved technical outlook for the precious metal.

The bank raised its three-month forecast for gold to $1,775 a troy ounce from $1,650/oz previously, and its twelve-month forecast to $1,850/oz from $1,650/oz.

The change followed a similar upgrade from UBS Monday, which increased its one-month forecast for gold to $1,850 a troy ounce from $1,700/oz previously, and its three-month forecast to $1,850/oz from $1,750/oz, pointing to increased expectations for imminent stimulus from the U.S. Federal Reserve.

Just read this from WSJ but I'm not trusting them jare!!!

naijababe: Bros, how far now? Did you get my PM ? That Dow, eh! Looks like a fall but i am somewhat cagey about it. I am looking at a position on either gold or crude for now.

Your opinion on gold? I'm looking to sell, pls confirm.

ayox2003: Nice to have you back. One woman soldier.

So what's going down with Dow? Plus, I'm outta town but would be back today. So taking a chill pill till tomorrow.

Greens to the portfolio.



Frawzey.

How was your weekend? Quite a while

[quote author=odiaero..]Are we there yet? [/quote]Scammer u never smart reach, e be like say u no finish your scamming class before u come test am hia. Real Odiaero has no dot after his name and he does not post with a black font color

Don fibonacci: Sorry bros for confusing you a little.First I want to make a correction in my analysis of the chart you posted.For point D from B,fib ext 2.0(your chart says 2.08) is a good harmonic number for a bat pattern,2.618 is extreme price action not very common but occurs.In which case the PRZ on your chart is on point but I still expect price to get to 0.886 retracemet of XA.
Anyway,before we chat sometime, let me just explain the numbers.From any labelled pattern,the corrective structure starts from point A after the move XA.Point B is fib retracement of leg XA.Point C is fib retracement of leg AB.Probable Ponit D where correction is expected to end and price reverses would be a cluster of at LEAST 3 fib measurements-(1)Fib retracement/extension of XA,(2).Fib extension of BC,(3)Fib projection of AB from point C.These three measurements don't meet at a fixed point but covers an area(the box in your chart)although these measurements sometimes overlap.Harmonic followers call this area Potential Reversal Zone(PRZ),the smaller the PRZ,the better,it shows a good cluster of fib numbers.When price hits this zone,you watch out for reversal signs.The fib levels that results in all the points mentioned is determined by price action and the fib levels determines the pattern that is forming.The harmonic patterns don't give 100% reversal but has a high degree of accuracy especially when the IDEAL fib levels manifest on the pattern.Hope this helps.

When can we chat?

[quote author=odiaero..]Are we there yet? [/quote] I hope this is not a fake odiaero..?

naijababe: Hugs darling! Where have you been?

Ma'am how far u don read that book finish?

Don fibonacci: The formation is not a good gartley but bearish all the same.You can see that the harmonics are weak.The most important point is at B for any pattern and for an ideal GARTLEY,the point B should be fib 0.618(or close) from X,what I see is 0.447 which is close to 0.5 in which case I'd say a bearish BAT pattern is forming and in which case point D from B should be a fib extension of 2.618(or close) and not 2.08 on the chart.Also point D from X for a BAT should be 0.886 not 0.786 though it can't always be perfect.So if I were to imagine a bearish BAT formimg,I see Price Action still going up and when it hits the ideal fib levels around 0.886 of D from X or fib ex 2.618 of D from B then I start watching out for a reversal in the PRZ.I wouldn't pull the trigger immediately the pattern forms,I would have to watch PA reaction and sometimes a momentum indy for confirmation.
I noticed you are using a customized Harmonic indicator,I used to do that too but I would advise you do away with it and search these patterns yourself,it is very easy.The indy can be misleading.Put up a zigzag indicator on your chart and the pattern formation becomes obvious and all you need do then is to run your fibs on the zigzag lines and join swing highs and swing lows.Try to label the five point structure on your chart(XABCD),makes analysis easier on the eye.
The chart below is what I am looking at on the daily xauusd chart,a bearish butterfly.It matches the target of the BAT pattern as described above based on where your own swing lines are located(my swing lines being different),that will be possible six harmonic numbers aligning which gives a strong bearish case.After running my fib elements,I am targetting the blue rectangle area as possible PRZ.
As they say nothing is guaranteed in forex,price may just blow past it or reverse before it gets there.That is why we have to combine harmonics with a sound PA analysis.See the NU I posted earlier,price action is struggling with 0.786 as I stated it would but PA is showing signs of breaking the level.

Have a nice weekend.

I'm lost How do you run the fib to show those numbers? Abeg make we chat.

Don fibonacci: Bros,you best believe it.Check the chart below,nzdusd trade as is.Entered the trade yesterday.Taken profit,looking for re-entry at the break of 78.6 of swing CD and ride it to ex 127.If it doesn't break 78.6 then we watch how PA interacts with it.
Big pipping bro

Nice one, that's a bullish gartley right? Please help me out on the chart below for gold. Is this a confirmation for a bearish gartley.

Works like magic!!!!!!!!!!

namdo: good news!!!

What's the goodnews?

unclenna: NON FARM PAY ROLL will come out better than forecast....Though the margin will not be far from forecast........So what I plan to do is to BUY USDJPY @ 1:20pm and SELL EU or GU @ the same time...............if all things being equal.

If it comes out good, I'll be looking to buy EU @ retracement and sell gold.

Seems everyone is not looking the way of EUR/CHF. It's awake now!!!!!!!!!!!

Don fibonacci: Ayox2003 told me that.Seems a lot of peeps don't trade it here.Harmonics is all about fibonacci,nothing else.It is just about getting the various fibo elements(retracements,extensions and expansion) coming together to give a high probability of price reversal.I posted a butterfly pattern on EU,a few pages back and was hoping ayoox could comment but I guess he didn't see it and the setup played out though it didnt get to my TP because the bearish pattern was in a bullish trend.It is quite interesting and a killer when combined with the usual price action trading.

Are you on Skype? Please add me: calmguyj

Do you trade gold? What's your view on it?