peteregwu:


You really believe in all these shit?

yes i do
because they are real

This is what happened in the OPEC meeting

The Kremlin had decided that propping up prices as the coronavirus ravaged energy demand would be a gift to the U.S. shale industry. The frackers had added millions of barrels of oil to the global market while Russian companies kept wells idle. Now it was time to squeeze the Americans.After five hours of polite but fruitless negotiation, in which Russia clearly laid out its strategy, the talks broke down. Oil prices fell more than 10%. It wasn’t just traders who were caught out: Ministers were so shocked, they didn’t know what to say, according to a person in the room. The gathering suddenly had the atmosphere of a wake.

Una well done oh, how market. We all need little bit of luck and solid money management. The danger of carrying trade over weekend too.

peteregwu:


You really believe in all these shit?

Those aren't shit, its the simple truth. Times like this are the reasons why the Kremlin best stays as an OPEC observer rather than a fully fledged member.

The aim is to make shale oil worthless...making the eggheads at D.C suffer a fraction of what the Kremlin is going through, never forget that the Chinese are D.C boys highest creditors, let's see how those interest rates on those debt work out now.

@Just30...u r very on point

teemy:


Oga Ben, I don't think you are qualified o. You already manage funds on forextime (sic). It will be cheating if you are allowed to. Let's give the chance to those yet to have an account to trade with.

Really? Benqozenero post your link here or you don't want people from here to invest in you?

I know you are not doing bad as I've seen some of your trading history on the darwinex link you posted some months ago. I wonder why you don't contribute much here though, as you've got experience that a lot of people need here.

Have a great week ahead guys. Happy trading.
Cheers.

TheYoda:
Una well done oh, how market. We all need little bit of luck and solid money management. The danger of carrying trade over weekend too.

Lol...just last week, I made a post here advising the newbies on some pairs to avoid or embrace. and also when best to end for the day.

Times like this are what necessitate my preachings.

It amazes me when I see folks with 106usd ,35 usd, 312usd..leaving trades on exotics pairs over the weekend?

Also amazes me when some folks are still aggressively trading even by 9pm on Fridays...

Haba...egungun be careful , I don tell them, but now, motor don jam am.

If you have ever experienced the DEC 2012 or na 2013 jpy intervention, or the chf SNB pegging or similar stuffs , you would understand me better.

I repeat, new folks, forget the profits for now, embrace a structure for your trading, have strict rules, follow them like a religion, it helps in times like this.

Just30:
yes i do
because they are real

This is what happened in the OPEC meeting

Now it was time to squeeze the Americans..

Its the investors and the O n G coys in the USA that will feel it more, as if coping with overstretched debt isnt enfuf, almost 100bln USD. Now should they flinch or panicked to increase output , maybe just to cushion losses, that could be well , but it will be eventually disastrous should all that smaller players follow suit. Only if Trump had, had a second rethink on the rosneft issue.

Well, 4years is still a bit away, as most of those debts aren't due till then,only a surge in price or a compromise by the Kremlin is what is most feasible at this point...further increase in output is a no no.

TheYoda:
Really? Benqozenero post your link here or you don't want people from here to invest in you?

I know you are not doing bad as I've seen some of your trading history on the darwinex link you posted some months ago. I wonder why you don't contribute much here though, as you've got experience that a lot of people need here.

Have a great week ahead guys. Happy trading.
Cheers.

Hi Mr Yoda, Greetings.
You See, @ Mr teemy (who is a senior and honourable member here) is right but not totally right.
It's true I managed with Fxtm sometime ago but when I had some health issues that was money consuming, I had to stop to concentrate on recovery. But since I recovered, I lack funding to continue and that's why I also show interest in competitions so I can raise fund no matter how little.

About trade calls, I don't drop trade calls because I currently trade demo (and people here don't value demo. Just one loss they would roast you alive and accuse you of destroying their live account with your demo account) to remain updated with the speed/changes in market pending I get trading capital.

But I love this FTA thread and this is the only section I am most active on Niaraland. So when ever I start a live account I would certainly be posting my trade calls here so when I make a loss it would affect me too so anyone who has taken the trade call would not complain too much.

Thanks for your understanding.
Regards

Thank God today, I took advantage of the spike.

Oya forex gurus, which one are we trading today?

Vandorra:


Its the investors and the O n G coys in the USA that will feel it more, as if coping with overstretched debt isnt enfuf, almost 100bln USD. Now should they flinch or panicked to increase output , maybe just to cushion losses, that could be well , but it will be eventually disastrous should all that smaller players follow suit. Only if Trump had, had a second rethink on the rosneft issue.

Well, 4years is still a bit away, as most of those debts aren't due till then,only a surge in price or a compromise by the Kremlin is what is most feasible at this point...further increase in output is a no no.

for now, it doesn't seem like the Kremlin will back down.

they have considered their losses, know the gains they will get and have cushioned themselves for as long as it takes.

Trump is a big oil guy
US has 2 option, print more money to support the banks to loan more to the shale industry.
or cut some big concession to the Kremlin.

The Saudis are bleeped and running out of money.

Just30:
for now, it doesn't seem like the Kremlin will back down.

they have considered their losses, know the gains they will get and have cushioned themselves for as long as it takes.

Trump is a big oil guy
US has 2 option, print more money to support the banks to loan more to the shale industry.
or cut some big concession to the Kremlin.

The Saudis are bleeped and running out of money.

Valid point. Putin must be smoking some real big Cuban watching them panic in Texas now...lol

I believe there will be a sequel meeting to the Vienna one, yet that doesn't mean the Kremlin will back down,if not for anything, they need to make a tough state to guys at the Capitol hill.

As regards printing more money, it will be a very tough one as the banks by now,are gnashing their tooth's on the huge cash loss that is been added to the overflowing debts...the fed will have a hard time with them on that.

Let's see if the Saudi cut moves after stepping out of Vienna will truly hurt the maduro boys(Venezuela) or even their arch enemies Iran.

If it took Arabs and the Kremlin could sit to talk three years ago, there is no doubting they will again, but then, a failure to get a compromise will be most devastating on the Americans .

Don't you just admire the Iran reserve numbers!

Mr Yoda

Vandorra:


Valid point. Putin must be smoking some real big Cuban watching them panic in Texas now...lol

I believe there will be a sequel meeting to the Vienna one, yet that doesn't mean the Kremlin will back down,if not for anything, they need to make a tough state to guys at the Capitol hill.

As regards printing more money, it will be a very tough one as the banks by now,are gnashing their tooth's on the huge cash loss that is been added to the overflowing debts...the fed will have a hard time with them on that.

Let's see if the Saudi cut moves after stepping out of Vienna will truly hurt the maduro boys(Venezuela) or even their arch enemies Iran.

If it took Arabs and the Kremlin could sit to talk three years ago, there is no doubting they will again, but then, a failure to get a compromise will be most devastating on the Americans .

Don't you just admire the Iran reserve numbers!

I pity naira in all these brouhaha
Any hope for CAD this week.

I think investors may run to Jpy for safety

Panic going on in the market.

Vandorra:


Lol...just last week, I made a post here advising the newbies on some pairs to avoid or embrace. and also when best to end for the day.

Times like this are what necessitate my preachings.

It amazes me when I see folks with 106usd ,35 usd, 312usd..leaving trades on exotics pairs over the weekend?

Also amazes me when some folks are still aggressively trading even by 9pm on Fridays...

Haba...egungun be careful , I don tell them, but now, motor don jam am.

If you have ever experienced the DEC 2012 or na 2013 jpy intervention, or the chf SNB pegging or similar stuffs , you would understand me better.

I repeat, new folks, forget the profits for now, embrace a structure for your trading, have strict rules, follow them like a religion, it helps in times like this.

Only few here was around in those crazy period and yes you mentioned and gave good tips on what pairs to trade , what to stay away from and even time to stay in the market, London and some part of NY is enough.

I'm enjoying the conversation between you and Just30, good stuff but I suck at fundamental.

From the news, Saudi is threatening to flood the market with oil and crash the price to hurt Russia.
https://www.bloomberg.com/news/articles/2020-03-07/putin-dumps-mbs-to-start-a-war-on-america-s-shale-oil-industry

Benqozenero:


Hi Mr Yoda, Greetings.
You See, @ Mr teemy (who is a senior and honourable member here) is right but not totally right.
It's true I managed with Fxtm sometime ago but when I had some health issues that was money consuming, I had to stop to concentrate on recovery. But since I recovered, I lack funding to continue and that's why I also show interest in competitions so I can raise fund no matter how little.

About trade calls, I don't drop trade calls because I currently trade demo (and people here don't value demo. Just one loss they would roast you alive and accuse you of destroying their live account with your demo account) to remain updated with the speed/changes in market pending I get trading capital.

But I love this FTA thread and this is the only section I am most active on Niaraland. So when ever I start a live account I would certainly be posting my trade calls here so when I make a loss it would affect me too so anyone who has taken the trade call would not complain too much.

Thanks for your understanding.
Regards

Hope you've fully recovered that is the most important.

About calls, not necessary trade calls here, overview , market structure , share ideas and all.

You've got a lot to offer here, I mean when you are free to do so. Hopefully teemy will include you in the competition.

TheYoda:
Hope you've fully recovered that is the most important.

About calls, not necessary trade calls here, overview , market structure , share ideas and all.

You've got a lot to offer here, I mean when you are free to do so. Hopefully teemy will include you in the competition.

The purpose of funding to to help those with little of no funds but have skills. As the song of some have food and cannot eat...

Let's see how it goes. I hope to have other issues settled by Wednesday so trading can commence from Sunday night for the two weeks. Recommendations are welcomed. Thanks

If you use brokers that truly do not trade against you by keeping most orders in house but send every order directly to their liquidity providers like Fxpro, Dukascopy, Oanda, Horforex etc, then your account should have been normalized by now, that's if your limits weren't honored.
Moves like this happened as recently as over BREXIT announcement and If your trades aren't honored during stress test events then you should be scouting for a new broker. As regards gaps, I've never had any accounting issues with these.
Although it might just take you communicating to your broker to have some of these resolved.

MrStan11:

I pity naira in all these brouhaha
Any hope for CAD this week.

I think investors may run to Jpy for safety

Lol...the CBN will have its next mpc I think before the month ends...let's see if hat they have in their arsenal.

I don't think there is any clear safe haven for now... Nothing about that is clear for now.

TheYoda:
Only few here was around in those crazy period and yes you mentioned and gave good tips on what pairs to trade , what to stay away from and even time to stay in the market, London and some part of NY is enough.

I'm enjoying the conversation between you and Just30, good stuff but I suck at fundamental.

From the news, Saudi is threatening to flood the market with oil and crash the price to hurt Russia.
https://www.bloomberg.com/news/articles/2020-03-07/putin-dumps-mbs-to-start-a-war-on-america-s-shale-oil-industry

Most times, the newbies are carried away by the prospects of profits , hence neglect that a trading structure is essential.

Yeah, nice convo with @just30

.

TheYoda:
Only few here was around in those crazy period and yes you mentioned and gave good tips on what pairs to trade , what to stay away from and even time to stay in the market, London and some part of NY is enough.

I'm enjoying the conversation between you and Just30, good stuff but I suck at fundamental.

From the news, Saudi is threatening to flood the market with oil and crash the price to hurt Russia.
https://www.bloomberg.com/news/articles/2020-03-07/putin-dumps-mbs-to-start-a-war-on-america-s-shale-oil-industry

Saudi is only playing a game hoping Russia will support them for a price increase.
Their producers break even at 20 dollars just as Russia but Saudi is overly stretched and unprepared for oil at 20 dollars.

The house of Saud will collapse oil keep at this price for long and they are in panic mode.
That is why Mbs has gone back to harassing his cousins.

Just a perfect storm

teemy:
An Idea

I have an idea for a forex competition to help those beginners that need trading funds. The first part being consistency in their trading strategy and sticking to it throughout the duration of the trial.

The Trial

A forex demo trading competition.

Everyone starts with a trading account of $10,000 which is coincidentally similar to a $100 account in cents (more on this later).

Contest starts and runs for the last two weeks of each month.

Awarding the prize

Winner is the trader with the highest ROI or highest balance since all accounts start with the same amount.

At the end of the contest, the highest ranked trader will give me a report of his/her trading strategy and I will authenticate that ALL trades made conform to the trading strategy. Any single off strategy trade will lead to disqualification and prize goes to the next highest ranked trader.


Prize is $100 or equivalent in naira paid into winner's Dom or Savings account. (I will see about raising this and increasing prize positions in coming months).

As an added bonus, I will automate the winning trading strategy into an expert advisor for the winner. I would advice winner should not sell it nor give it out (I will give recommendations on how to make more with it without giving out the farm). There truly is something called the law of diminishing returns.

Grounds For Disqualification

All gurus and pros are not entitled to participate. I would rather you add more to the prize pot. This also includes anyone who has dropped trading signals in any of the nairaland forex threads.

Any new nairaland account that was created from today ontowards is not entitled to participate.

A prize winner for a month is not entitled to a prize in the next immediate month.

The contest trading account should NOT have a drawdown more than 20% of the starting account balance. The concept is to ensure you will maintain money management rules so as not to blow the prize money in a swoop.

Conclusion

All interested participants should give me a mention while I work on setting up the demo contest (most likely on fxblue).

Wishing you well - Teemy

Interested sir!

TheYoda:
Hope you've fully recovered that is the most important.

About calls, not necessary trade calls here, overview , market structure , share ideas and all.

You've got a lot to offer here, I mean when you are free to do so. Hopefully teemy will include you in the competition.

Alright then.
In appreciation of this great thread and the good guys here, I would drop just one of my killer technical trading strategy (market structure using wave count and trendlines on the 1hr tf).
Just give me one week to prepare the note.

I should be dropping it by Monday next week. Please remind me.
Very simple and easy to understand and follow.

Anyone who doesn't make a successful trader after that should look for another carear because I am waiting for my 6year old daughter to be 7 so I can teach it to her. If she can grasp the concept/teaching, why wouldn't an adult.

Though I am afraid of law of diminishing returns as @teemy right point out and plagiarism.

So Mr teemy take note so you can help me convert it to an EA.

Sunnycliff:


It will go up but very unpredictable now. I just stopped oil trading

It is better idea.

Selling Gold 1679 sl 1684

teemy:
An Idea

I have an idea for a forex competition to help those beginners that need trading funds. The first part being consistency in their trading strategy and sticking to it throughout the duration of the trial.

The Trial

A forex demo trading competition.

Everyone starts with a trading account of $10,000 which is coincidentally similar to a $100 account in cents (more on this later).

Contest starts and runs for the last two weeks of each month.

Awarding the prize

Winner is the trader with the highest ROI or highest balance since all accounts start with the same amount.

At the end of the contest, the highest ranked trader will give me a report of his/her trading strategy and I will authenticate that ALL trades made conform to the trading strategy. Any single off strategy trade will lead to disqualification and prize goes to the next highest ranked trader.


Prize is $100 or equivalent in naira paid into winner's Dom or Savings account. (I will see about raising this and increasing prize positions in coming months).

As an added bonus, I will automate the winning trading strategy into an expert advisor for the winner. I would advice winner should not sell it nor give it out (I will give recommendations on how to make more with it without giving out the farm). There truly is something called the law of diminishing returns.

Grounds For Disqualification

All gurus and pros are not entitled to participate. I would rather you add more to the prize pot. This also includes anyone who has dropped trading signals in any of the nairaland forex threads.

Any new nairaland account that was created from today ontowards is not entitled to participate.

A prize winner for a month is not entitled to a prize in the next immediate month.

The contest trading account should NOT have a drawdown more than 20% of the starting account balance. The concept is to ensure you will maintain money management rules so as not to blow the prize money in a swoop.

Conclusion

All interested participants should give me a mention while I work on setting up the demo contest (most likely on fxblue).

Wishing you well - Teemy

@Teemy i am interested.

Benqozenero:



Alright then.
In appreciation of this great thread and the good guys here, I would drop just one of my killer technical trading strategy (market structure using wave count and trendlines on the 1hr tf).
Just give me one week to prepare the note.

I should be dropping it by Monday next week. Please remind me.
Very simple and easy to understand and follow.

Anyone who doesn't make a successful trader after that should look for another carear because I am waiting for my 6year old daughter to be 7 so I can teach it to her. If she can grasp the concept/teaching, why wouldn't an adult.

Though I am afraid of law of diminishing returns as @teemy right point out and plagiarism.

So Mr teemy take note so you can help me convert it to an EA.

Thank you sir...I'll be expecting it, please whenever you drop it please mention me...I take God beg you, mention me please


I'll still remind you on Monday sha

Benqozenero:



Alright then.
In appreciation of this great thread and the good guys here, I would drop just one of my killer technical trading strategy (market structure using wave count and trendlines on the 1hr tf).
Just give me one week to prepare the note.

I should be dropping it by Monday next week. Please remind me.
Very simple and easy to understand and follow.

Anyone who doesn't make a successful trader after that should look for another carear because I am waiting for my 6year old daughter to be 7 so I can teach it to her. If she can grasp the concept/teaching, why wouldn't an adult.

Though I am afraid of law of diminishing returns as @teemy right point out and plagiarism.

So Mr teemy take note so you can help me convert it to an EA.

Wow, that's cool. Same here to teach my kids.

teemy:
An Idea

I have an idea for a forex competition to help those beginners that need trading funds. The first part being consistency in their trading strategy and sticking to it throughout the duration of the trial.

The Trial

A forex demo trading competition.

Everyone starts with a trading account of $10,000 which is coincidentally similar to a $100 account in cents (more on this later).

Contest starts and runs for the last two weeks of each month.

Awarding the prize

Winner is the trader with the highest ROI or highest balance since all accounts start with the same amount.

At the end of the contest, the highest ranked trader will give me a report of his/her trading strategy and I will authenticate that ALL trades made conform to the trading strategy. Any single off strategy trade will lead to disqualification and prize goes to the next highest ranked trader.


Prize is $100 or equivalent in naira paid into winner's Dom or Savings account. (I will see about raising this and increasing prize positions in coming months).

As an added bonus, I will automate the winning trading strategy into an expert advisor for the winner. I would advice winner should not sell it nor give it out (I will give recommendations on how to make more with it without giving out the farm). There truly is something called the law of diminishing returns.

Grounds For Disqualification

All gurus and pros are not entitled to participate. I would rather you add more to the prize pot. This also includes anyone who has dropped trading signals in any of the nairaland forex threads.

Any new nairaland account that was created from today ontowards is not entitled to participate.

A prize winner for a month is not entitled to a prize in the next immediate month.

The contest trading account should NOT have a drawdown more than 20% of the starting account balance. The concept is to ensure you will maintain money management rules so as not to blow the prize money in a swoop.

Conclusion

All interested participants should give me a mention while I work on setting up the demo contest (most likely on fxblue).

Wishing you well - Teemy

@teemy, I'm very much interested in this
You can also specify the lot size to use and amount of positon so as to avoid over leveraging and over trading... please I dey interested in this gannn

teemy:
An Idea

I have an idea for a forex competition to help those beginners that need trading funds. The first part being consistency in their trading strategy and sticking to it throughout the duration of the trial.

The Trial

A forex demo trading competition.

Everyone starts with a trading account of $10,000 which is coincidentally similar to a $100 account in cents (more on this later).

Contest starts and runs for the last two weeks of each month.

Awarding the prize

Winner is the trader with the highest ROI or highest balance since all accounts start with the same amount.

At the end of the contest, the highest ranked trader will give me a report of his/her trading strategy and I will authenticate that ALL trades made conform to the trading strategy. Any single off strategy trade will lead to disqualification and prize goes to the next highest ranked trader.


Prize is $100 or equivalent in naira paid into winner's Dom or Savings account. (I will see about raising this and increasing prize positions in coming months).

As an added bonus, I will automate the winning trading strategy into an expert advisor for the winner. I would advice winner should not sell it nor give it out (I will give recommendations on how to make more with it without giving out the farm). There truly is something called the law of diminishing returns.

Grounds For Disqualification

All gurus and pros are not entitled to participate. I would rather you add more to the prize pot. This also includes anyone who has dropped trading signals in any of the nairaland forex threads.

Any new nairaland account that was created from today ontowards is not entitled to participate.

A prize winner for a month is not entitled to a prize in the next immediate month.

The contest trading account should NOT have a drawdown more than 20% of the starting account balance. The concept is to ensure you will maintain money management rules so as not to blow the prize money in a swoop.

Conclusion

All interested participants should give me a mention while I work on setting up the demo contest (most likely on fxblue).

Wishing you well - Teemy

I'm interested

JafunmiFX:

Thank you sir...I'll be expecting it, please whenever you drop it please mention me...I take God beg you, mention me please


I'll still remind you on Monday sha

No wahala. I just started preparing the note. If I finished before Monday, I would still drop it. But Monday is the deadline.