₦airaland Forum

jovoodoo:
A much better currency meter for forex trading,

https://www.nairaland.com/2551524/best-currency-meter-forex-trading


Much better than Henry Liu's

whats the basis behind its calculation?

#GBPAUD , buy for 300 pips, if 2.17919 gets compromised, then find a way to sell on 5mins retracement for 200-250 pips

Why the man they always land for cargo airport??

FxDuke:
Jorel1 can you relate to this...seems price is tilting towards your sell direction

of course it shud, EURUSD is a long term bearish trend.
but it shud go bullish now from 1.1442 i think for few pips

#EURUSD , looks like a long sell,, opening a sell on next 5 mins chart retracement

GEJ finished this country.. how can u turn a secondary school to university??
Just go and pass jamb and stop wasting time

#AUDJPY , long term buy based on weekly,

#GBPCHF , buy is a go
Anticipating new high,

Traders were busy making money today, forgetting how today's market event is going to affect the country's economy depending heavily on crude oil prices. ..I guess billion dollar loss on Nigeria (hope not a margin call )

Edd1e:
Carefull Man, He Was Wrong And I Was Only Tryin To Correct Him, Points/Pips Are Nt Vocabularies And Are Noteworthy To Know In Fx, Afterall, We Are All Here To Learn, And Next Time, Learn To Mind Ur Own Business. Peace

lol, he wasnt necessarily wrong, he was probably actually refering to points..and not pips
well,i guess if u had mind ur business in the first place ,there wouldnt be any need for this petty chat now.

Edd1e:
They Are Actually Called Points Or Pippetes On A 5-digits Broker. Pips=points/10. Kangani

why do u guys find the need to place too much importance on pips or points, are u preparing for some forex exam??
if one feels comfortable with the word pip or point, its his choice , moreover sound knowledge of forex vocabulary doesn't in any way affect trading account

iheanyiebeneze:
Thats why Forex trading is an interesting market. Anything that goes UP MUST COME DOWN.

becareful because market will make a revisit to those tops b4 finally going its preferred direction.

Ok, i think the party is over, will take few days for market or technicals to recover from the shake down. But a good time for reversal traders. Tops and bottoms

#GBPNZD , 2 months range 1838 pips in less than 12 hrs. Buy the retrace

sexaddict08:
jorel1 , how often does this kind of move happens or how do I know the next one

you can see it happening on ur chart or currency strength meter.

#EURAUD , even if risk sentiment is still on , Just sold..at top

sexaddict08:
Please, any explanation for this Euro gains

Its called a risk sentiment (appetite or aversion)
Risk sentiment, or risk appetite, is a subjective market term used to describe how investors are behaving and feeling, basically the mood of the market. Since a great deal of financial market activity is based on short-term speculation, meaning investments can be entered and exited quickly, risk sentiment is an important concept for investors to understand. The term became a popular descriptor of market activity during the heightened market turbulence before and after the Great Financial Crisis of 2007-2009 (GFC) and subsequently. (Please see important risk disclaimer at bottom.)

Risk sentiment is used to describe investor behavior: essentially are investors ‘seeking risk’ or are they ‘seeking safety’ (risk aversion):

Risk ‘On’: Risk appetite is positive (risk is ‘on’) when the economic outlook is upbeat, incoming economic data is supportive, and markets are exhibiting low-to-normal levels of volatility (both up and down), among other considerations. In a risk ‘on’ environment, investors feel more confident and will tend to buy so-called ‘risky assets’ and sell ‘safe haven’ assets, trying for higher returns. For most individual investors, risky assets mainly include stocks, commodities, precious metals, and higher-yielding currencies, commonly emerging market currencies and the Australian and New Zealand dollars.

Risk ‘Off’: Risk sentiment turns negative (risk is ‘off’) when the economic outlook is poor or deteriorating, economic data is disappointing or downright negative, and volatility is high and to the downside. Unexpected or sudden negative events, such as a financial/credit crisis (as seen in the GFC/Europe in 2011-2013), disappointing economic data, financial sector upheaval (banks in trouble), geopolitical turmoil (such as North Korea test firing missiles), scandals, natural disasters, and even simply market turbulence itself can shift sentiment to risk ‘off’. When investors turn ‘risk averse’, they tend to take two actions: 1) sell existing ‘risky asset’ positions and 2) buy ‘safe haven’ assets. Safe haven assets are seen as the best way to preserve capital during periods of ‘risk aversion’ or panic, and include: US Treasury debt (and other highly-rated government debt), the US dollar (USD), Japanese yen (JPY), Swiss franc (CHF), and sometimes gold.

Why is it important?

An understanding of risk sentiment is important for investors to manage risk, preserve capital and balance emotions. Once you learn that the daily or weekly ups and downs of markets frequently reflect shifts in risk sentiment, you’ll better understand those movements (staying sane in the process) and interpret news, data and events in a clearer light. Keep in mind that shifts in risk sentiment can happen gradually or quickly, and can last for hours, days or weeks, before they may reverse.

Viewing market news and data through the lens of risk sentiment cuts through much of the ambiguity or complexity of individual events. As news unfolds, simply ask yourself “Is this good or bad for risk sentiment?” The significance of the news will generally determine the degree of the corresponding market adjustment. For example, a disappointing minor economic data report in an otherwise positive economic environment may only see risk appetite dented briefly or maybe not at all, suggesting risk assets may dip slightly and then recover. In contrast, a big disappointment in a major economic release (such as the monthly US employment report) against a deteriorating economic backdrop, could trigger an extreme sell-off in risky assets that may extend recent declines.

What do I do with it?

The first step in utilizing risk sentiment is knowing how to find it.

Stocks are among the most obvious real-time barometers to watch: if they’re up, risk is ‘on’; if they’re down, then risk is ‘off.’ To gauge the degree of risk ‘on/off’ in stocks, you can look to the VIX index, frequently called the ‘fear index’. The VIX Index measures market expectations of future volatility (the VIX is a CBOE futures contract on S&P 500 volatility); the higher it moves, the more panic in the market and vice versa.
US Treasury yields: if they’re up, markets are selling US government debt (prices down/yields up) and feel safer or more optimistic; if they’re down, investors are buying US Treasuries and are scared or disappointed.
Currencies (FX) are frequently the fastest reacting of risk assets. More than that, currency markets are always open, so you can gauge the market’s reaction to news or events when stock markets are closed. If the USD is stronger against higher yielding currencies, markets are likely disturbed by news and seeking the safe haven of the greenback. (Non-US investors may also be looking to buy US Treasuries as a safe haven, for which they need to buy USD.) JPY strength (selling others/buying JPY) against other major currencies is another harbinger of risk ‘off’ sentiment. In particular, watch for lower carry trades, such as AUD/JPY or NZD/JPY, as an indication of risk aversion. JPY weakness (higher AUD/JPY and NZD/JPY) suggests risk is on and markets may gain. Even if you’re not trading currencies, it’s important to be aware of what’s happening in FX markets.
Once you’ve got a sense of risk sentiment, you can use it to gauge potential future market movements and refine your investing strategy. For instance, you’ve established a savings plan where you invest $500 per month in stock ETFs around the end of each month. If risk sentiment gauges are all pointing to risk ‘off’, you might consider delaying that investment, potentially buying at a lower level once markets settle down. Alternatively, if you have gains in your existing portfolio, but risk sentiment begins to show signs of turning negative, you could enter/raise a stop loss order to protect your gains in case markets do decline. As well, an investor could also take profit (sell) on a portion of his long portfolio to reduce exposure and manage risk. Conversely, if risk sentiment is positive and improving, an investor may feel more confident buying a more volatile, higher-risk stock and reducing lower-risk, fixed income investments.

While frequently useful, please keep in mind that the risk model outlined above doesn’t always apply. Investors will need to pay close attention to the news and events that might cause a change in risk appetite to determine likely outcomes. However, just simply being aware of risk sentiment can give an investor the insight to make better investing decisions over time.

What goes up must come down.

When you never left the shores of your miserable country, you would say yours is the best...
this doesnt even match a vocational school in normal countries.

Abubakar shekau hatea this man so much that he calls his name in every video..i wonder what he is waiting for now the rabbit came to the mouth of the toothless lion.

jorel1:
Its Still bullish next wee but it will only go for a retest of the ceiling, even GBPAUD likely gonna break its ceiling , i dont think GNPNZD would.

GBPAUD already forming a higher low and high...if there isnt any gap down over the weekend , i open a buy anticipating a breakout

#GBPNZD , time for a sell

Get a visa to benin, chad, togo any west African county and you are in Nigeria..so why this noise

youngwarlocks:
watever reason u have not to be in church this morning doesn't count anymore, just try to b there nxt time. Or beta still u can visit any place where there is evening fellowship or service today.

Remember, do not forget d gathering of the brethren.

I'M OUTIE

gathering of brethren could be gisting with ur pal, being with girls, having beer with friends in a bar, or could be your own interpretation..

#eurusd, selling from here 1.14442 short term
ALthough i believe the most of the EURO pairs still got bullish tendencies for the next month..

#GBPCHF , from another perspective,
- just completed its mission of filling the gap created in January
- Broke a trendline base.

Capitals:
Bought these friday, got off early. But will buy again if we open at current price levels for a 100pts SL, to jump out if contrary patterns arise.

check ur 4hrs for a head and shoulder formation.. however that level hasnt been breached since 4 years, but at market open you could buy from 1.47911 or current price.

#GBPCHF, wait for the next retracement and brace urself for a long sell. (first buying it next week from 1.4791 and finally selling from some fib or MA level. this position could last for months , a year or more while i add more sell or buy positions depending on the existence of a trend from the 4hrs chart to capture the weekly range for weekly cashout.)
offcourse except 1.5329 gets breached (tested 4 times the last 4 years)
sounds to easy though but i see it playing out that way

#GBPJPY , buy TP 50- 61.8 fib of recent bearish move
if 191.365 breached ,then buy from 191.101. same TP

iheanyiebeneze:
EU 1.1300 convincingly broken,
That is Forex for you, sometimes you lose and other times you gain.

or in a beter sentence ,
we take our losses on fridays too

jamace:
I think I lost. But it seems GN has not given up on UPWARD movement yet.

Its Still bullish next wee but it will only go for a retest of the ceiling, even GBPAUD likely gonna break its ceiling , i dont think GNPNZD would.

GBPAUD already forming a higher low and high...if there isnt any gap down over the weekend , i open a buy anticipating a breakout

Boko haram don't do exercise ,yet they are successful in their endeavours..
The US marines will tell you its not by exercise but by untelligence.

because they are stupid