elewedu: @samuel kanu, u stated that there was a breakout @ dis point. What's is the implication of this. How often does breakouts occur? How many times does a candle test a price to break out. I feel a beta strategy is to wait for the end of the hour, see if it is a breakout or not..then follow the retracement or the breakout. I haven't tested this , just my opinion. What do you think?

folaschool: pls is there anyone in the house that put me through bom trading currency pairs either technical or fundamental. i loose so much on it. u can also send me the indicators to my email - bestinvestor27@yahoo.com

samuelkanu:
Yes i like what you said and to add to it on what happened on gu where there was a breakout was due to a break of a resistance at 1.5594 to the uptrend and this particular point had resisted price moving upwards about 3 times or price had tested it 3 times. This is what is called heads and shoulder formation and a great lesson to learn from and this will make me better in trading.

Rhapsody!:


Samuel, are you saying that based on the head/shoulder thing (will still go read it again on babypips), the price will break cos it has tested that price thrice? So am I then to expect such a break out in UJ and GJ cos its similar to the GU example you gave?

naijaobi: Viewing this topic: samuelkanu, easycopyrh(m) and 2 guest(s)

i dey hail o

samuelkanu:
Naijaobi well doneoooo. I was doing other things while waiting for others to come online.E be like say this week go good.Pls watchout for selling trades on GU and EU or to go lower this week.They have the greatest potential to make money.That is my analysis for the week and market outlook.

naijaobi:
OK..THANK YOU BRO..HOPE U'LL BE AT THE MEETING TOMORROW BY 7

samuelkanu:
Yeah we have a date with easy and a date with destiny. Cant wait for it

toluxa1:

Aint you over stating things here, hey its just a simple tutorial bro. Take it easy

pappy2000: Today,I want to talk about the Market Mechanism,How does the market works.I am going to use the Nigerian stock exchange and developed markets in my examples.In the Nigerian Stock exchange (Nse),we markets works this way.Say for example you are willing to buy the shares of Okomu Oil….which is located in the Agric subsector of the market,say for purpose of example,the share price is N4.00,Now in market we have two types of orders,we have market order and Limit order……In Market order you as an investor tells your broker to buy the shares of the company you are interested at t any price in the market.That is just any price,you are willing to buy.we also have the Limit order in which you tell your broker that this is maximum price you are willing to buy a particular equity and the Minimum you are willing to sell the equity.So for example if you have First Bank share price at 10 Naira,you can decide to tell your broker that the maximum you are willing to buy the share is say 12 Naira. So if the broker gets the shares at any price below 12 Naira,that is ok by u,then that is what is called Limit order,i.e you give a limit of the amount you are willing to buy a unit price of the equity.
Now back to the Market mechanism, In the Nigerian Stock Exchange,we have a system in which you have to get a willing buyer or seller,so if for example you want to sell the shares of First Bank you have,you give orders to your broker which do what is called “Jobbing” place it and you give limit or market order then before you can sell you have to get someone who is willing to buy your shares in the market at the price of the market or the particular price you give your broker to sell.and vice versa.Likewise for clarity you must also getting a willing seller if you want to buy equities on the floor of the Nigerian stock exchange.

Now having said that,we also have what is called the market maker in developed market like the New York stock exchange,The Nasdaq,The London Stock Exchange,and even on the Johannesburg stock exchange in south Africa.The reason their market is more efficient than our market is that the market maker must buy from u and must also sell if you require it.The mechanism for doing that is in what is called the ECN…meaning Electronic Communication Network.But I wont go in gory details about the mechanism but the long and short of it is that we have market makers in thedeveloped market,that must buy at a particular price,what you see as the closing price is the price displayed by several market makers…..that is where you get the bids and offer we always see.like I can go on and on to explain but I will do that in the later days .




Emerging Opportunities
My intention for my subscribers and members of this forum is that we should take advantage of Market opportunities around the world including in our own backyard. Now, I strongly believe that we will see a strong rally in the Nigerian stock exchange in the next quarter…….The reason is simple after the capital market probe, The regulators have given PFA the mandate to reallocate their asset, meaning that they have been forced to put a certain percentage into equities, instead of doing the normal bond market and getting 17% from government bond. Friends, we have emerging opportunities in the Nigerian Stock exchange which can give 100% return in 3 months,As a Global Market analyst ,I know where this opportunities lies and which equities will lead the rally.
Emerging Opportunities In US and Europe
Friends,From next month we will also have emerging opportunities in the us and European market,we will be looking at trading equities rather than this rise and fall thing.When Alcoa unofficially opens the earnings calendar for Us equities so stay tune.I want us to trade this markets and the sectors.


Babatunde
Global Market Analyst

pappy2000: Stop order is a sell side order.....that is done to manage risk

nairakobo:

Hey pappy2k, can i get your contacts pls? Good afternoon to all d housemates.

toluxa1: Are we about to go into a 3rd election? Surely this can't happen?

toluxa1: Are we about to go into a 3rd election? Surely this can't happen?