Hey morning guys

Theres this strategy that i've been working on. From the look of things it works and its simple. You need some knowledge of price action and candlesticks though.

My indicators are BB adn stochastics.

Anytime my stoch shows its in overbought or oversold zones, i check if it corresponds with at least 3 time frames M1, M5 and M15. I also look at the candlestick formations and Trend. Once i see it corresponds with all the 3 time frames, i trade d reversal for 20 or 30 mins expiry. You can trade if it corresponds with 2 TF though.

This strategy works best in the asian session or during low volatility. I'm testing the strategy with only GU and EU. This strategy may not for guys dat want 10 - 13 trades a day but for people like me who want a minimum of 3 and max of 5 sure trades.

Please i want gurus in the house to look at this strategy and tell the us what they think about it.

I think he has gone to court.

SeverusSnape:

Why are you afraid?

Jonathan winning SW go be miracle.

I very much doubt this. Fear don enter my body

okunboy:
Unfortunately, that may just account for less than 1% of the voters population! [/b]Most Nigerian's political critics, elites, human-right apostles, name it, don't even have voters cards! Most just complain, they won't vote[b]. It's an unfortunate fact!

This is the gospel truth.

Even those that have voters cards won't stand in the sun for hours to vote and stay for additional hours to make sure that their votes are counted.

ChimaAdeoye:
[size=14pt]The problems isn't to move it 20 times, the big question is
[/size]
[size=21pt]When will construction start[/size]

A billion dollar question.

This is shameful .

I think it's time for all civil society groups to organise Nigerians to march to Abuja and demand that before any form of austerity measure is implemented, that salaries/allowances of politicians/top civil servants must be slashed.

Pastor Tunde Bakare should resuscitate Save Nigeria group. Oby Ezekweasili swith her group should March to Abuja too. Infact all those people that we see on TV posing as human rights activists should come out now and organise a sustained protest.

What are Governors doing with 'security votes' that run into hundreds of millions of naira per state every month?

Nigeria needs both divine and human intervention

asha80:
http://www.thisdaylive.com/articles/group-urges-cbn-to-stop-enugu-s-n11-billion-loan/194061/

I am short of words. What in the world does he want to do with 11bn at this his 11th hour

jude2011:
with just five months remaining, sullivan wants to borrow 11billion. Hmmmm something is not right.

I don't want to believe this. Source please?

rickkid:
By the end of the tournament in February, Equatorial Guinea will have scored a massive image coup and Nigeria and the other countries who chickened out will be left with egg on their faces. This was a prime opportunity to project Nigeria positively and display a leadership role on the continent. Imagine Nigeria being the country which bailed out the rest of Africa and put on a great show against all outside expectations. Imagine Nigeria successfully defending the AFCON trophy in front of 68,000 Green and White shirts in Abuja. Imagine the rest of Africa and the world looking up at Nigeria as it would have sent the most evocative statement about our confidence in ourselves and our ability to get things done.
Instead, it's a TINY country like Equatorial Guinea which will now bad mouth us afterward saying things like "What Nigeria dared not do, we did excellently."
When all of you will be complaining that other people badmouth Nigerians, you don't see how things like this create these negative pictures of us.
After we've gone around beating our chests about how we are Africa's first ever $500bn economy and the largest economy in Africa, ordinary 4 week, 4 city tournament which we already have the infrastructure to host, we choose to chicken out.
Country of loud mouth, big for nothing, unsubstantiated egos.

I really thank God CAF didn't give us the hosting right.

We simply can't afford hosting nation's cup now because of dwindling oil prices and terrorism.

^^^^^

I believe that this is part 1. Maybe part 2, Tinubu will tell us what APC will do about the problem and how the party will go about solving it

izikjon:
Nigeria, as well as other African countries must be prepared to adjust and manage the economic headwinds looming in the horizon.
To adjust, Nigeria must adopt belt-tightening measures, plug leakages, focus on increasing revenue generation, identify and support sectors that have the potential to create jobs.

I have a feeling that about a month or 2 after the elections, subsidy will be removed and our refineries privatised. Whether GEJ wins or not.

What a gloomy picture.

Will the coming elections have any effect on our currency? Will the spending by politicians have any positive effect on the naira?

The major reason why analysts say that calabar port is not economically viable is because of the need for constant dredging, which I am made to believe is expensive.

Now if that is true, don't you guys think that any sea port located within alaigbo will have the same problem?

I see a Nigeria where the green passport is accorded a royal reception the world over!

Amen

Nice .

I'm not an economist but I see naira devaluation immediately after 2015 elections. That's if oil doesn't rise again.

That's a good one

DRealGeesam:
ONLY time will tell. But if we are going to be honest with ourselves MANY Nigerians aint happy with his administration.

Nigerians have never been happy with any administration.

@ Op, this election is going to be close sir. I'm sure it won't be as easy as 2011. However, I see the incumbent winning with a slight margin

publisher:
Since APC fans (like Barcanista) have successfully defended and justified Buhari's imprisonment of the great FELA KUTI, thus I'd like to hear their views on this.

After Buhari's coup in 1984 with 'corruption' given as excuse, EXECUTIVE President Shagari was placed under house arrest-never tried, while 'ordinary' Vice-President Alex Ekuweme was thrown into the harshest part of kirikiri prison.

What was the rationale behind this? If Shagari's governement was corrupt (according to Buhari) why was the principal and head of government (Shagari) not tried, convicted and thrown in jail?

Is this a sign of what to expect if Buhari is sworn in by May 29, 2015, selective justice?

Over to una...

Very good question.

I recommend this for front page too

ujoinme:


FEC approves $1.3b for construction of Lekki deep sea port - See more at: http://www.vanguardngr.com/2013/12/fec-approves-1-3b-construction-lekki-deep-sea-port/#sthash.9rfhnZxz.dpuf
The Federal government Wednesday took the initiative to decongest existing ports in the country as it approved a $1.35billion contract for the construction of a new Deep Sea Port in Lekki- Lagos State.
Minister of transport Senator Idris Umar who briefed state house correspondents after the weekly Federal Executive Council meeting said the project which is expected to be completed within the next four years is to constructed under a public private partnership PP arrangement on a concession basis for a period of 45 years after which it will revert to the federal government.
The Minister explained that the federal government has 20 percent equity in the project with Lagos state having 18.5percent equity while the private investors have 61.85 percent stake in the project.
He said “Council approved the issuance of a Guarantee to cover financial obligation of the NPA to pay compensation in the event of expropriation, war, civil disturbance, breach of contract and other event of default as per the concession agreement for the development of the port, as $800million out of the project cost is to be funded through debt financing while the balance of $554.5million is to be contributed by equity.
- See more at: http://www.vanguardngr.com/2013/12/fec-approves-1-3b-construction-lekki-deep-sea-port/#sthash.9rfhnZxz.dpuf


If FG's contribution to lekki seaport is $1.3 billion, and FG will own only 20% stake on this project and the state and private sector will share the remaining 80% of the cost now do the maths on how much the project will cost. the Ibaka seaport is expected to follow simillar funding % but the difference is that FG=20%, AKSG=20% and private consortium = 60%.
For those of you that are quoting how expensive this project is and copying wikipedia cost. seaport is not cheap if it were a $500million project you would have seen significant progress at Ibaka by now and even lekki by now

Yes its expensive but not all that money will be spent at once. A deep seaport is not an everyday shallow port project.As big as Nigeria is. As of today we do not have a single deep seaport, if it were a cheap project it would have been developed eons ago. there is a big difference with a deep port and shallow ports.

I see ur point sha.

Kinda sad that FG have not approved funds for this ibaka project

cjrane:


If Seaports cost $2- $6 billion dollars to build, how did poor countries like Jamaica, Haiti, Mozambique, Madagascar, Eritrea, Djibouti, Benin Republic, Sierra Leone etc find such mind boggling funds to build seaports ?

I seriously doubt the quote of $2 -6 billion dollars for Ibaka deep sea port. Even deep sea ports the size of a medium Nigerian city cost about that much in USA, where we know cost of labor is astronomical.
Yet, Ibaka seaport isn't supposed to be that huge to be bigger than 3 square miles area of some of these gigantic seaports that cost billions of dollars to build. It is like comparing the cost of Heathrow or JFK international airport and saying because it cost $200 billion dollars to build New York JFK airport, we shouldn't build an international airports in Nigeria or Uyo because we cannot find such funds to build a JFK like international airport in Nigeria. Yet, we don't need international airports that gigantic like JFK or Heathrow in Uyo or Enugu.

For example, Gwadar deep seaport in Pakistan pictured below cost only $250 million dollars! ...and also built by China!
If we can get something like this for phase one at Ibaka seaport, we can start there for now.Don't be surprised that what they are quoting for $6 billion dollars may not even be as big as Gwadar deep seaport!
So $300-500 million dollars for the initial phase of Ibaka seaport should be considered for now. The port can be expanded and improved with time.


Read about the world deep seaports and cost of their construction: http://en.wikipedia.org/wiki/List_of_seaports

My Oga when dat brother mentioned $2 - $6billion, I lost hope

ujoinme:


I like the bolded, Ibaka seaport is the nemesis of the of some nigerians that want to maintain a monopoly of ports business in Nigeria! they succede for this long because the eastern flank of the country were not in position of authority to get it done. Ibaka seaport will be built, but it require men of courage and political savvy to jump all the hoops that has been layed against the project. Thank God for Gov. Akpabio,He himself is a nemisis to those against the project. All the neccessary approvals for the port has been obtained the ball now lies the the Federal executive council to approve it and release funding for it, just like they have already done for the Lekki port.

If building a seaport was like building and airport, cheaper, and states could do it alone without waiting for the FG and Private investors. Ibaka Seaport would be berthing ships as we speak. The meddlesomeness of the FG parastatals have not helped the project.

The first phase of the project alone which is the deep sea component without the embankment, jetties and warehousing is a whooping [/b]$2billion[b].
The whole project from start to finish is expected to cost [/b]$6billion[b]. thats a Lot of money. Even the FG cannot sponsor that by themselves at a go hence the tiring balancing of act of carrying the Private investor, FG and state Govt.
But Gov. Akpabio has promised to be the governor that sees to the ground breaking of that project before he leaves office and i believe him because of his track record.

Now that's quite huge. Looks impossible to achieve I must confess especially now that oil price is nose diving .

I believe we need Chinese or world bank loan to construct this port.

I don't really care about what Mr Amiwero said here, what's really bothering me is why Akpabio hasn't started the construction of Ibaka deep sea port

asha80:
just felt i should put this here...some can help me paste the story and highlight the important parts......http://www.punchng.com/business/sundayceo/we-dont-need-eastern-ports-amiwero/

The contract for Calabar port was awarded a few weeks ago. Why do you think the eastern ports have not been a success?

It is because they all have a shallow draught. They should never have been constructed in the first place with the exception of the Port Harcourt port and Onne port. That is why when the Europeans were there, they did not build a port there. It is just like the Sapele port; it was a Pontu port. It was the Europeans who were running it under UAC that noticed that a sea port could not be built there. So what they did was to discharge cargo on the high sea and then use vessels to bring it to the port. They should not have been created at all. How is Onitsha port doing now? It has been commissioned since.

This is why Calabar has to be dredged continuously and it is expensive. You don’t operate an expensive port; most of these ports are political ports with the exception of the ports at Port Harcourt and Onne. The day you put experts in Transport and in the Ministry of Finance, we will be able to get what other nations have got. Nigeria is losing out from all our God-given potential because of this.

[/b]A modern port should be able to accommodate mega ships and these ports cannot do so. In fact all our ports are river ports; it is only the deep sea port being constructed at Lekki that is an ocean port. If we must have ports in other states, they should be built where it is closer to the sea like Port Harcourt. Even at that, the port of Port Harcourt is still expensive by freight because it does not have destination of cargo.

Lagos has industries and can attract cargo. So ships must keep coming here. But these areas are not industrial areas. You don’t create a port out of nothing. The eastern ports don’t have a destination of cargo for them to be created.

There are no industries in the eastern region that can attract high import of cargo. You can’t divert cargo just because you want to use the ports. You have to attract cargo and one of the ways of doing that is the destination of cargo[b].

Now that they have been constructed, what do we do with them?

The government has to plan what those ports can be used for. In Ghana, there are fishing ports. So we can equally redesign these ports for other uses. We need to bring in experts for this or else those ports will just remain there politically and we will continue to dredge them and waste money and the income will not be there. How many ships are going to Calabar, Warri and Onitsha? There have to be industries there that will attract the ships.

I was made to understand that there are over 4 million voters in Kano alone. That's almost all the registered voters in the SS or even SE ( I maybe wrong). Imagine northern votes, Tinubu SW influence, 25% votes Oshiomole will give them & problem within PDP.

I guess he'll be focusing on his strengths and let go of his weaknesses.

pendy79:


What I was taught of Siamese twins is that they are cojoined and attached double babies. So saying a child born 16years ago is a Siamese of another born 2 years ago is a wrong use of english and an uneducated and ill-informed choice of words.

The last time I check the president of Nigeria is jonaTAN not IBB, Atiku, OBJ, Buhari. Obama met an American Economy on its knees, in deep recession with over 30% out of work, industries and automanufacturers laying off staff, housing crisis and mortgage issues with homeowners and their bankers.

He didn't say george bush has damaged the economy so please bear with me there is nothing I can do. The American economy is back on its feet now and ours just like your madam harvard professor is facing challenges.

If gullible and stupid are foul words there are more heinous ones I could use to describe you and others who reasons like you but I will leave those two for now.

How much was our reserve when he came in? How much was our external loan portfolio when he came in? How much was crude selling then and how much was it during his 4and half years in office? How much power was the nation generating and how much are we now and despite the huge bills on the populace, are they seeing the light at all? how many economic saboteurs like mohammed abacha, ffk, ifeanyi uba did previous government pardoned and told to go with their loots?

[/b]You're are all children of bad governance in the south east[b] and since you are not brought up to condemn your thieving governors, it will be difficult to expect you to condemn the one there now since you've a nepotic and religious affinity with him despite his flairs. Sorry to disappoint you Nigeria is not solely peopled by your clans.

Now this is uncalled for. Why do you want to spoil your thread with this statement?

pendy79:


We are just a victim of a corrupt and ineffective government. We are caught in a web of power play of the USA colluding with Saudi Arabia to crash the oil market and its prices so as to weaken the russian economy.

Saudi is in agreement cos they also want to punish the russians for their support of Syria and backing of Iran.

We have spendthrifts in government who never saved for the rainy days. They have resorted to loan taking now despite the fact we had crude going over $163/barrel about a year ago. This clearly shows we never planned or learnt lessons over the years.

Amaechi has been taking from funds he kept aside in a sovereign wealth account since 2009 which he is now dipping into it to augment the shortfall from the federation account since last year.

Let the oil finish, you will see massive taxation. The minister already said so last week during her briefing. The economy is in tatters and we have a Harvard trained so called Professor as coordinating minister of the economy.

Emir Lamido warned but some thought he was crazy and called him all sorts of names.



It is a perilous times.

Abeg no vex.

I still remember that Okonjo-Iweala literally begged for SWF. But NGF led by Amaechi refused. The blame should be on all politicians from Mr President to Governors. APC & PDP are guilty.

And I respectfully disagree with you, Saudi is not colluding with USA to punish Russia and it has been said here in NL a million times. Oil price going down is all about:

1) Economic slowdown/fear of recession in Europe and this will ofcourse affect the world economy.

2) Shale oil boom in the US.

3) Reduced demand from China as a result of slowing industrial output.

4) Law of gravity . What goes up must surely come down.

Now this is what democracy is all about. Kudos to datolee and barcanista.

You people expect President GEJ to announce that there'll be increase in fuel pump price when the elections are coming up in February?

With oil heading to $80 per barrel, subsidy will be removed. We can't sustain it .

Let's remember the salaries of our over bloated civil service, lecturers, medical practitioners, military and paramilitary (also add the need to Aquire very expensive state of the art military equipments and trainings that comes with it), road construction, equiping our schools and hospitals, etc.

I can bet on nairabet that once GEJ wins next elections, subsidy will be removed

After watching an analyst discuss the decline in oil prices and how it will adversely affect us on AIT's business morning show, I became worried.

Instead of making fun of Ghana, we should be discussing how we can weather this storm that is coming.

Decline in oil prices will spell disaster for us because we're not prepared. We didn't make judicious use of over $100 per barrel price that lasted for over 10 yrs

Hope this won't be another E - war thread.

We have our own problem coming with the prices of oil coming down in the international market due to international politics and we've not diversified the economy yet.

Let's hope and pray that our economic team have plans to reduce the effect on the population.