₦airaland Forum

illeet:
I think FA (and not TA as many here perceive) will trigger a bull in EUR. I contemplate the best position to hold right now is no position at all.

I no understand!!!

Trichet's summary

[list]
[li]Particularly high uncertainty[/li]
[li][/li]
[/list]
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[li]Downside risks intensifying[/li]
[li][/li]
[/list]
    [list]
[li]Financing conditions have tightened[/li]
[li][/li]
[/list]
    [list]
[li]Very thorough analysis of of incoming data is warranted[/li]
[li][/li]
[/list]
    [list]
[li]ECB will provide banks liquidity with full allotment[/li]
[li][/li]
[/list]
   [list]
[li] Growth very moderate in H2 of 2011[/li]
[li][/li]
[/list]
    [list]
[li]Stock volatility, sovereign debt markets a drag[/li]
[li][/li]
[/list]
   [list]
[li] Risk to the euro area economy are on the downside[/li]
[li][/li]
[/list]
   [list]
[li] Staff cut economic growth estimates for 2011 and 2012[/li]
[li][/li]
[/list]

My advise to all now is to stay out of the market or close any open positions especially on EUR until after Trichet's speech by 1.30pm

There's strong indication that he may sound hawkish and this speech may change the trend of EUR. There's also a consensus forecast of 1.5000 for EU by year-end

A strong support has been formed for EU. Entry price of 1.3970/90 is good for buy orders or place buy stop above 1.4000

aguiyi:
o boy, see things wen i miss, anyways, thank God my account is intact (there is always opportunity in this biz)

You've not missed. Just place a pending order at 1.2 for EUR/CHF knowing that that price won't move below that.

Here is their statement below.

^^ Chei!! You see the wide gap from friday's close.

^^ Well I'm selling EU from that position and AUD from 1.0668 (that is if the market open does not gap from friday's close)

odiaero:
@ topic, Are we there yet? i will be glad to buy EU when market opens

Why not sell from 4210 or market open for like 50 pips!!!!

Alexcee:
Guys, get ready for BOJ Intervention. I've gone in Long on USDJPY.

Thanks! But I'll wait till Asian open though my signal is showing long USD/JPY

Trichet speech may have boosted EU bearing in mind the he'll soon be handing over from being ECB gov'nor.

If the resistance of 1.4558 is broken it would result in 1.4581 and if a strong impulse, we’d see 1.4600. Continuation will give 1.4624 and 1.4652

meteorxtra:
Insert Quote
Time to long EU from 1.4500 to TP1 1.4590 TP2 1.4615 SL 40 pips

will wait until after 1.30pm to do that

Thanks!!!

Time to long EU from 1.4500 to TP1 1.4590 TP2 1.4615 SL 40 pips

@Alexcee, the intervention by BOJ to prop up the dollar is not really having significant effect on the pair giving the fact that the USD outlook is negative. Mr. Ben Bernanke failed to announce the QE3 yesterday but it all point down to their FOMC meeting in September where they are likely to adopt it. In my opinion I think it is an intervention from SNB that would temporary push USD up. Meanwhile I expect traders to sell AUD and GBP next week which may strengthen the dollar for a while after EU failed to break through the major resistance of 1.4526 twice this week. I still see a year-end forecast of 1.5000 for EU. May the 'green' pips be our lots in this business.

Yeah! our great FX thread made it to front page. Time to short EU ahead next week.

Kashif:
EU getting set for another sell

EU movement is now dependent on Bernanke's speech later today at the Jackson Hole. Let pray he doesn't announce QE3.

@ naijababe
can you rename it Forex Trade Alerts II, or Season II, or Part II?
@ All
welcome to a new thread but our journey still continues.

Spambot no wise pass us

Please reflect on this song as we celebrate 100th page of this great forex thread

[flash=400,300]
https://www.youtube.com/watch?v=AsRx5UjQNCA[/flash]

aaaaaaaahhh! But I've ate beans today, will I die. lol

honeric01:
How can you say its simple and at the same time say placing a trade is difficult? is placing a trade not under forex trading?

NOTHING on earth is easy and forex is not an exception.

Will you take my trade calls on your live account without being emotional about it? You can learn everything you want to know in forex but once you click the buy/sell button, your mind is on that trade until you lock your profit even when you sit to monitor it. Remember anything can happen in the market.

Meanwhile EU will be generally bearish this week. Look to enter around 1.44xx price.

honeric01:
@ Final Say

 Forex is easy? please don't let newbies hear this o

I agree with Final Say, forex trading is easy but placing a trade is very difficult; 50-50 gain/loss.

odiaero:
Am sure your sell on Gold is now -200 pips from your point of sell, while am +220 pips from my point of buy

You like making jest of people. Anyway I didn't take the trade because my mini-account won't accommodate, even if I had taken it I'd have been stopped out.

odiaero:
^^ My guy u have the heart to see Gold? i wish u well

That is what my oga(trading setup/system) dey tell me, so I no fit drag coat with am. Good night and Jehovah's protection thruout the night

May the green pips always be with us.

Buy AUD/USD @ 1.0370

Buy EU around 1.4300 and sell gold @ 1825.xx

blackgucci:
^
y 1.4471?

Strongest resistance point, unfortunately it was 20 pips below this price.

Look to enter short for EU @ 1.4471

@Aguiyi, sorry na that 9-5 thing cause am. You need full attention for this business.

Time to buy Swiss franc.

Please All,

On what Time frame is appropriate for drawing fibonacci?

@ blog icon
that's the spirit of a true friend and broda. wish others can emulate you!