₦airaland Forum

FOREXMART:
Thank God for all his protection against bokoharam and co cos friday was hell here in Kano. Finalizing plans to run back to Ph where I came frome. Green Pips to u all.

Abeg run ASAP. Missed you guys!

How many months rent is this? is 250k acceptable?

Taking my specially reserved seat as usual. Welcome to season 4! This time it's either get rich or die window-pipping.

Buying EU @ 1.2955 and GU @ 1.5510 for 100 pips

Happy pipping to y'all

Need2Drive:
dont agree, we cant sacrifice our happiness for some miscreants, d state sud step up the reasons y we pay taxes. this is akin 2 min of info asking churches to invest in cctv. wen xtians see the miscreants coming on d cctv, then wat nxt?

^^^ Are you ready to sacrifice your life for 'temporary' happiness? erniewhez is making a good suggestion here and you are talking about what you want to enjoy. For Christ's sake this is part of the security measure we need.

Thanks wizecoder, got the EA I'll test it out. Thumbs up aguiyi for this indi!!

aguiyi:
yeah it is

Does it repaint? I've only been using the currency meter indi and it's wonderful.

^^ Was it the same indi that you sent to me? You know that I've never really tested it yet. On what time frame do you use it?

wizecoder:
Aguiyi1.0 EA is available for testing , send your request to wizecoder@yahoo.com

Sent

Odiaero, I guess you are not married or engaged that is why she is all out to get you. Get serious with in a relationship though I know this business barely gives you time. Make a sacrifice to be into a relationship afterall everything is not about money only.

odiaero:
GU moving up, am buying

I'm surprise that you are still trading aggressive when by this time last year you've already closed shop for the year-end. Abi you wan surpass target? I dey expect gap downward on this GU wey u wan buy on sunday evening.

I'm tempted to take this risk, but I will go ahead no matter what by next week:

1. EUR/USD long entry @ 1.3007
2. GBP/USD long entry @ 1.5497
3. USD/CHF short entry @ 0.9440

Abeg anyone with contrary view should lemme know.

@honeric, I need LR like 10 units. Do you still have and price?

beejaay:
no basis 4 retracement yet.yes it cld hapen cos its forex and anytin can hapen bt technicaly no way. No swing has been created on d major tf to serve as ralyin point 4 fib drawin.as u and i knw dt fib cant b effective witout presence of swing.may b fundi wise bt techniclly no reason 2 buy yet.wld rather b looking 4 more reason to sell.sell all d rally bt wit serious caution cos d market is most likely in d exchaustive phase temporarily. Just my own view

^^
I've seen this happen several times. It's my opinion and just want to be cautious this time around.

^^
You better not sell yet until we know whether SNB go raise the ECHF cap

gbp/usd retracement

eur/usd retracement

Some people are benefitting from this eurozone debt that's why they don't want it solved.

@ prof edet, you were correct about this downfall. Abeg I wan wait make EU retrace to 1.33xx before selling to 1.2

It's dooms day and crash of EU

prof edet:
@ JAKpayen, nice analysis i must say,

But have you seen the good old transformer 2, the US government wanted Optimus prime Ileader of the good guys) to pack up the autobots and leave earth alone for humans, cos they so thought the Decepticons (bad guys) were after the good guys (Autobots) and not humans. My main point is the reply  Optimus prime gave them " WHAT IF YOU'RE WRONG". Transformer 3 (Dark of the moon), the lateset sequel confirm that the US government was totally wrong. So, what if you decision to go long on EU is wrong bro?, plsssssssssssss  ruminate on this.

Based on the last EU Summit - Oct 23/26, we had a rally in price until Greek ex-PM's (George Papandreou) comments which sent it down. Well let's hope the rating agencies won't mess things up.

Concept:
Discipline is just the way to success. I need to be more discipline. December na wah!

Concept, I must confess that you are very good & intelligent in this business but you need to be very patience and discipline. Learn to stare at your charts at an interval time. Meanwhile positive news is coming out of the EU Summit and I'm positioning myself to go long on EU which is already aligning to my trading system.

Here's a recap of the main points of the agreement reached in the EU Summit:

- EU leaders described the deal as based on a new "fiscal compact" and "on significantly stronger coordination of economic policies in areas of common interest"

- Euro zone states' budgets should be balanced or in surplus; this principle will be deemed respected if, as a rule, the annual structural deficit does not exceed 0.5 percent of GDP.

- Such a rule will also be introduced in euro zone member states' own national legal systems; they must report national debt issuance plans in advance.

- As soon as a euro member state is in breach of the three percent deficit ceiling, there will be automatic consequences, including possible sanctions, unless a qualified majority of euro states is opposed.

- The European Stability Mechanism (ESM), the euro zone's permanent bailout fund, is aimed to enter into force in July 2012; the existing European Financial Stability Facility (EFSF) will remain active until mid-2013. The overall ceiling of the EFSF/ESM of 500 billion euros will be reviewed in March 2012.

- Euro area and other EU states will confirm within 10 days the provision of funds to the IMF of up to 200 billion euros in the form of bilateral loans to help it deal with the crisis.

- Voting rules in the ESM will be changed to allow decisions by qualified majority of 85 percent in emergencies, although that remains subject to confirmation by the Finnish parliament.

A six-page draft agreement handed to the 27 leaders as they began their two-day summit called for a new "fiscal compact" with much tougher enforcement of budget rules in the euro zone, and a permanent rescue fund brought forward to mid-2012 and armed with a banking license. Attached below is the draft.

Follow the EU Summit live coverage and please report proceedings for all to benefit (if anyone has the time to do so) as I'll be signing out for the day.

EU SUMMIT - LIVE COVERAGE

aguiyi:
am seriously tempted to sel usdchf, any advice

I'll advise you to buy and trail your SL. There's rumour also that SNB maybe raising the cap for EUR/CHF to 1.3000 this month and they have been buying the pair through anonymous means which will indirectly affect USD/CHF.

beejaay:
see the bastard rejection on EU too. 200EMA is damn too strong.

^^ You are not settled on your trades, anywhere Draghi don finish euro finally but maybe tomorrow's Summit fit relief EU small.

I think I'll fall to the side of the bears especially with Draghi's comment but still waiting for a clearer picture

^^
I'm beginning to doubt that EU Summit. Merkel/Sarkozy wan force fiscal policies on member-nations with strong sanctions. Even if I am one of the member-nations leader, I won't accept their proposal for them to control my own country and make me a dummy. It's may even end up in a chaos. I feel strongly that it may end up in a bearish note though my system dey tell me to buy.

It's advisable now to close all longs on EU until after Mario Draghi's press conference 1.30pm GMT. There is also rumour making the rounds that ECB will likely shed 25 basis point from the interest rate. We may get a proper direction for the market after his press conference on hints for ECB role on the debt crisis. I'm remaining neutral for now.

odiaero:
^^ Na wetin push am up self?

Don't really know, but I don't think GU will come down easily except on retracement.

toluxa1:
EU falling? Are you on Alomo bitters? lol Abi u turn you monitor upside down.

^^
Loose tongue abeg check your 1HR, you go see am

Na wa ooo! GU dey rise why EU dey fall. Na something extra-ordinary be this! Abeg anyone has idea if ECB will be cutting its rate tomorrow?

odiaero:
Are being tempt to use MAX lots to sell GU

^^
Let us know so that we go support you.

odiaero:
Kai, imagine me Odiaero, na em market dey dribble

U for no tell dem say u wan finish them earlier this week, maybe na im make dem wan mark/dribble you. U no suppose reveal your tactics to ya enemy

odiaero:
Sure we all do, but which direction

^^
Uptrend. Still holding my long from 1.34000