₦airaland Forum

rozayx5: going off line will be back, if i get an e-mail from my system, or before the news breaks out. remember KISS is the key.
price action is the best view learn to trade it

unclenna: EU: ECB Draghi To Open The Liquidity Flood Gate?

(EU) ECB Draghi: If premium on Government borrowing hurts monetary policy transmission then dealing with them falls within the ECB’s mandate

ECB is ready to do whatever is necessary to preserve the Euro within its mandate, “and believe me, it will be enough.”
Reiterates that ECB priority is price stability; does NOT want to supplement government actions.
Euro Area much stronger than what has been acknowledged.
EU has lower deficit and debt and higher social union compared to US.
Progress on fiscal and reforms have been remarkable over the last six months.
Believe euro is irreversible.
The interbank market is not functioning across countries.

How to interpret this speech?

ECB Draghi stated that “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough,” and “… to the extent that the size of the sovereign premia (borrowing costs) hamper the functioning of the monetary policy transmission channels, they come within our mandate,” which means that ECB is going to buy Spanish and Italian bonds to drive their yields to sustainable levels, or good news for the Euro as the reason for the continued Euro sell-off is partially due to the lack of action by the leaders and contagion fear. This promise of action from ECB addresses both issues in my opinion and could bring stability back to the Euro for at least a couple of months, depending on the measures implemented. I believe market is going to be on ultra alert in the next few days and look forward to the next ECB meeting for more details.

I believe perception is key to Forex and perception is good right now for the Euro. However, remember that the situation in Greece, Spain, and Italy have not disappeared, this effectively just delays the inevitable, and ECB could only do so much… Market will probably consolidate its gains today as traders are still looking to sell on rallies… The real mover will probably be next ECB Meeting on August 2, and I’ll anticipate some pre-buying ahead of the meeting as ECB Draghi could announce a third round of LTRO (Long-Term Refi Operation) or SMP (Securities Markets Program) following today’s comments with concrete action. Verdict: Wait for EURUSD to drop and buy on dips early next week.

epg: (unclenna: @all, if you like the indicator in rozayx5, screen drop your email let me send it to u....... grin..that indicator is a killer when added to my long term system...everything including the manual) Pls help me with the system too (icrossover@ymail.com) Thanks

Ogboraph: thank you bro i wanted to post EU too cos i buy EU @1.2128and set my stoploss to just 1.2115 to take profit at 1.2234 but it went up so fast that i was busy taking first profit at 30pips move cos no EA to do it for me i thing Go will hell me to alway get this signal correct to help us all

Ogboraph: ALERT ALER ALER ALERT Buy GBPUSD @1.55042 to 1.55052 TP@1.56061, SL@1.55016

rozayx5: oliver twist, am out

unclenna: sent.pls send to others

beejaay: with the close of the last candle, am already long on Ucad eventhogh i dont like the pair, its just too sweet not to buy. stoploss put at 20pips below the low of yesterday. lets see how it will play out.selling Audusd too with that 2 clear rejection on 200ema.still holding on to see how EU and EJ willl react before adding to the short position. this is not a call cos i dont give calls. am just trying to layout how market behave. the best time to buy or sell is when 95% of people are being averse to risk.

edujoy: This post has generated a lot of controversy, Saturday is just a few days from now, you have nothing to loss, so come and prove me wrong with your questions one-on-one,

thats fair enough

edujoy: I assure you, the indicator is absolutely free, but if you are not in Lagos, please send me a private message containing your email address.

I recommend those staying in Lagos to attend its FREE, don't even come with money because we will not sell anything.
Thanks

lari03: Any trade entered from this thread is always at traders risk. best bet is to learn to do your analysis yourself and come here to either confirm your failure or celebrate your success since there are only two ways the market can go.

unclenna: this call is based on PIVOT POINT RULE but is like playing with a life python and cobra........ ...the trend is downward

endfx1: This is what i was just saying....the guy no even let me land e don show working.... at least this is a little proof that one can trade with indicators

endfx1: this is how we do it

unclenna: @ LEAST 50 -70%, SOMETIMES 100%................But I see a ranging market tomorrow...the market is moving towards the PP......that's one of the rules of PP

unclenna: FOR NOW IS THE GAP WE ARE TRADING SO AM BUYING EU and EJ @ CURRENT PRICE.....

unclenna: men see GAP FOR EU

50pips: am done for the week
factory closed till Sunday 10pm

honeric01: Pivot: 1.2230.
Our Preference: LONG positions @ 1.224 with targets @ 1.23 & 1.2325.
Alternative scenario: The downside penetration of 1.223 will call for a slide towards 1.221 & 1.2175.
Comment: the pair stands above its new support, the RSI is mixed to bullish.

aguiyi: another buy on the Au

nakedwire: A loser has nothing to lose.

rozayx5: unclenna you too much pip locker got me some swift 7 pips from the news release
fast EA no be thief
actual 0.1% against the GBP

Ogboraph: this was the ALERT as at yesterday

Ogboraph: ALERT! ALERT!! ALERT!!! Buy EURUSD @1.2288- TO 1.2298, TP@1.2361, AND SL@1.2262

EPOMA: Skate i asked you for your email, you ignored me abi

Lawfex: appreciate bro

Ogboraph: can you seen what i said that dont sell DONT sell until you see 1.2208 can you see it ? now buying is for real fromm 1.2258 buy with high lot and make profit once and for all for today 120pips up we are going now to 1.24