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Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 8:34am On Feb 08, 2016
A double bottom on EurJpy. A wave 4 retracement pattern validity, a classic positive divergence on daily. (3 different independent confirmation!)

Prepare for a 700 pip upward move to 137xx point.

Preference: BUY

Invalidity point: 125.60

Target point: 137.50.

Get clearer and comprehensive perspective about the financial market with Astute Financials.

Follow this link to contact us now! : http://www.astutefinancials.com/contactus.php

Astute Financials.

Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 9:32am On Feb 04, 2016
astfi:
USDINX chart.

The Usdinx(USD=US dollar|| INX =Index) chart is the chart that measures the fluctuations in the USD currency alone, Most Nigerian traders don't even know about its existence,this charts helps give professional analyst the best insight into how all the major currencies paired with the Usd are expected to behave at a particular time frame in view. Especially when using the correlation coefficient ratio in portfolio diversification.
|For example, the USDINX chart has a 99% negative (-1) coefficient ratio with EurUSd which in layman terms means opposite effect. When USDINX chart goes up. Eurusd comes! Now isn't this a great tool to help in your trading decision making as regards trade setup confirmation?

Here is an exclusive analysis about USDINX happening now.

The chart (Attached below) shows a double top pattern on the daily UsdINX chart. Presently the currency is trading in an upward channel pattern in which it has been since 10th Dec 2015. On the 4hr chart the currency presently has gone back upwards to retest the 200 SMA previous support turned resistance upon breaching yesterday.

Overall preference : Short
Duration Long Term Approx. 2 weeks.
Effect on Paired currencies : BUY for pairs with USD as Counter currency.
SELL for pairs with USD as Base currency.

Pattern invalidity point: 100.65 trading point.

Happy trading.

Astute Financials.(Investment meets Knowledge)

Remember this analysis?

Now check out the Atermath. and the implication on other pairs as predicted.

A picture is worth a million words.

Astute Financials

1 Like

Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 10:01pm On Jan 27, 2016
Apologies for being unable to post recently.

Watch out for new updates.

Best Regards.

Astute Financials.
Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 7:30am On Jan 18, 2016
EurJpy.

We could give a whole lot of reasons and analysis but the main thing is, we have a text book symmetrical triangle breakout on 4h.

Preference: Sell

Stop Loss Point : 128.25

Take profit Point: 126.06 then 125.70 by extension.

Happy Trading.

Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 9:32pm On Jan 17, 2016
STOP LOSS.

Stop loss can be defined as an order placed by an investor with his/her broker to close a trade when it reaches a particular loss point.

This is a mechanism designed to limit the investors risk in portfolio exposure in the financial market.Defining risk in financial market investments means using protective stops to help protect against unanticipated adverse price movements. If stops are not used, the analyst or trader is not taking advantage of the most powerful aspects of technical analysis.

A stop should be placed at the time of the original trade. This is when a trader is most objective. Calculating ones risk is one of the most important aspect in the financial market trading, knowing what you would be risking for a particular trade helps to put the analyst in comfort Zone. The trader gets to stay in the market if the asset performs according to expectation or if subsequent price action contradicts or fails to confirm the analysis, the investor still gets protected in the trade.

Many Nigerian traders existing or new-bies tend to ace trades without having a stop loss placed, giving so many excuses, some would say the stop loss acts as an impediment for their profitable trades that prices tend to move against them triggering their stop orders before actually moving in their predicted directions. Let us try and get something right, Stop loss points are supposed to be analytically generated, they are the points at which when the price of the asset gets to that points, the analyst is convinced that the price direction of the asset has changed and would be expected to go further more. Stop loss point are not points that you just pick randomly on your own as some traders do. Some would say i just use 50pip stop loss difference in all my trades like its a standard. There are times that the precise analytical reversal point for a trade might be just 10 pips! Yes it could be as low as that, and it could also be as high as 200,depending on the time frame and the current trading price difference.

Many traders say they prefer to keep their trades running saying it would still come back thereby forgetting 2 important rules
- All long term trends begin as short term moves
- There is no room for hope in the market as the market goes its own way without regard to you or your position.
Averagely in the equity market the price of an asset may comeback to th original point during your life time, but in the Currency market...Am sorry for you.!

The market does not care whether you own it or not. One thing wrong than being wrong in the financial market is staying wrong,in the market it is better to lose your opinion than to lose your money. Don't get corky,don't fight the market, you cant wish it to move in your direction, be proud of your ability to spot your mistake early, cut your loses as soon as you can, getting stopped out concedes a mistake, people hate to admit to mistakes since pride and prestige gets involved, professional traders do not hold views too firmly.

Its been said that the famous private investor Warren Buffet has two golden rules
Rule 1 -Capital preservation
Rule 2 - Do not forget Rule 1

Stops are synonymous with rule 1, you have limited resources, these resources should be maximized or at least reserve, If you are in a trade that has gone against your position, it is time to exit and find a better opportunity, don't dwell on the losses, think of it as the cost of doing business.
Always use protective stops, its one of the most important element for successful trading.
Have a nice trading week Ahead.

Astute Financials.

1 Like 1 Share

Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 11:36am On Jan 14, 2016
zamirikpo:
pls what stocks do u trade ....nigerian stocks or a foreign stock.....

Hi sir,

Because of the unavailability of proper price charting for Nigerian stocks, we place more emphasis on foreign Stocks. So to answer your question we trade Foreign Stocks online. However once in a while we advise on Nigerian stocks also.

Thank you for your enquiry, to know more about our varying services you can visit the link below

http://www.astutefinancials.com/index.php

Best Regards

Astute Financials.
Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 3:04pm On Jan 10, 2016
astfi:

1-Is Automated trading a reliable way of trading? Answer is NO! here is why, Notice in the upper paragraph we spoke about having specific set of instructions which in turn triggers specific reactions? well the financial market is fractal, meaning it does not adhere to one particular rule, the market has its own behavior to borrow a word from Charles H. DOW. Have you ever noticed as a trader that sometimes your strategy might work like a charm generating profitable signals back to back, thereby enabling you to have consecutive profitable trades and then sometimes the same exact strategy just keeps failing and start looking useless during a particular market period? Well thats because the problem is not your strategy as you must have been thinking, its because the market is dynamic and changes from time to time, responding to different set of analysis and thereby requiring different set of tools for discerning. Now having this in mind, imagine basing the faith of your portfolio on a software. This is why so many softwares are out there and selling at a ridiculously cheap rate, the reason is simple They are not Reliable!.Ask yourself this question, If you have a device that you are so sure would generate for you or anyone that has it, everyday without failure just $100 daily GUARANTEED! would you sell it? If you would how much would you sell it for?. lets think about this.

- How can i trade reliably?: This is a question that all traders ask at inception and even during the course of their trading career, You ask this question every time you have a losing trade or after consecutive losing trades, writing down different set of rules and regulations that are supposedly needed to help you trade successfully, these set of Rules are often changed to something else after another set of losses.While rules are good because they help in instilling discipline in a trader, they do not need to be of long list to make a trader successful, which brings us back to the question How can i trade successfully.

There are so many versions to peoples perspective about successful trading, some would insist that all you need is Strict money management and you would be successful,they say gradual and consistent portfolio is the key through money management, before we go further, let us look at this analogy:
A Trader X with a very functional system that gives 50% win ratio decided to fund his account with $1000 with a strict promise that he would never use more than 1% of his account per trade. That is $10 per trade in a $1000 account with 50 pips as stop loss i.e 50% of his invested amount per trade

After 10 trades he has 5 losses and 5 wins lets say his wins are 50 pips each at closing thats 50% of his invested capital. That would be
Profits : 0.1 per pip * 50 pips = $5 * the 5 trades = $25
Losses : 0.1 per pip * 50 pips = $5 * the 5 trades = $25.

Going from this analogy we can see that even with a 50% win ratio and strict money management with a fixed stop loss point, Trader X following his Rules to the letter has not been able to make any profit to his account.
Now as a trader you can all agree with me that predicting a 50 pip trade every time is not an easy feat not to talk of a trading system with 50% win ratio. From the above example we can see that having a good money management strategy is not the Holy Grail to making money consistently in the financial market. Don't get me wrong, having good money management is very important if you want to succeed in the financial markets, thing is , from the example above we can see that its not everything.

What then can be the most important thing in financial market success you may ask? Its the thing that most Nigerian traders never talk about, most have probably never heard of this atall. Its called MARKET TIMING.

Now What is Market Timing? Market timing can be defined as the top down view of the market and its prospects

Notice the bolded in the definition, they are the most important thing an analyst needs to have before a proper market timing can be achieved.

How do you achieve having an accurate top down view of the market, remember in the previous post we spoke about how fractal the market is, how a certain system might work with th market for sometime then seem useless some other time.

To always achieve a proper top down view of the market, a trader must also be fractal as the market. How you would ask, a trader can only be fractal by accumulating as much trading tools as possible, this can only be achieved through constant studying and training. In Nigeria, we prefer mostly to speak about the number of years we have been in the financial market than the amount of knowledge we have, you hear them say i have been trading for 6 years,8 years, some 15 years and so on, yet some have not even mastered the art of common divergence in the financial market not to talk of the complex methods and then they speak of having experience, begs the question, experience in what?. Trading the financial market is not a child's play and this is why most traders, not only Nigerian traders has a larger number of losing traders than the winning ones. There could be a time in the market whereby the only thing needed is trend line analysis while sometimes you might have to use harmonics,some other time it might be Fibonacci or Elliot wave while other times simple Support and Resistance point would be all needed, now supposing you are only fluent in one or two and you find yourself in a market situation whereby non of your tools are applicable or does not offer convincing view as regards the markets direction for a day you can be on the side line how about for weeks or months what do you do? There is no simple way to financial market trading, it requires hard work and absolute dedication, no holy grail, always remember, to trade the fractal market successfully, you need to be as fractal as the market, then you can achieve proper Market Timing!.

Next Week we would be talking about Stop Losses.

Have a nice trading week ahead

Astute Financials.

Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 1:58pm On Jan 10, 2016
Thatitan234:
good job sir... please are you also a stock brokerage firm??

Hi,

Thank you for your question. Astute Financials is not a brokerage company, but a financial investment advisory company, however we do have some brokerage companies that we do work with as Partners.

You can read more about this by following this link http://www.astutefinancials.com/ourpartners.php

Best Regards.
Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 7:13pm On Jan 09, 2016
Hi all,

We have decided on to start a mini weekend insight into Financial markets, the mistakes people make, what they think are the right assumptions that are not and yes Free training.

Kindly follow this thread for insightful pieces.

Today We would be talking about Automated or Algorithmic Trading.

What is Automated/Algorithmic trading? Automated trading can be defined as any type of trading decision or trading system that are heavily reliant on computer programs to determine trading strategies and decisions. This computer program could be based on complex trading methods or simple trading methods depeding on the develper and the level of knowledge he/she possesses. These computer programs either generates a trading signal for the user or use electronic platforms to enter trading orders with algorithm(s) which executes pre-programmed trading instructions accounting for a variety of variables such as timing, price, and volume.

Now that being said, Notice the bolded the word Pre-programed in the whole definition. This is where we would be centering our discussion.

Many new-bie comes into the financial market, under-trained and fully armed with lots and lots of trading softwares, come into the financial world with high hopes based on what they have been told and the stories they have heard. Stories about george soros (black wednesday) and many more, high hopes of how you can make quick and real money in the financial market and how relatively easy it is, since the market only moves in 2 directions(UP and DOWN) you say to yourself, how could this be hard.

Without bothering you much with the pep talk about financial trading, Pre-programing means having a specific set of instructions that should generate a specific set of reaction(s). That being said let us ask ourselves some specific questions while we share our perspective to the answers.

1-Is Automated trading a reliable way of trading? Answer is NO! here is why, Notice in the upper paragraph we spoke about having specific set of instructions which in turn triggers specific reactions? well the financial market is fractal, meaning it does not adhere to one particular rule, the market has its own behavior to borrow a word from Charles H. DOW. Have you ever noticed as a trader that sometimes your strategy might work like a charm generating profitable signals back to back, thereby enabling you to have consecutive profitable trades and then sometimes the same exact strategy just keeps failing and start looking useless during a particular market period? Well thats because the problem is not your strategy as you must have been thinking, its because the market is dynamic and changes from time to time, responding to different set of analysis and thereby requiring different set of tools for discerning. Now having this in mind, imagine basing the faith of your portfolio on a software. This is why so many softwares are out there and selling at a ridiculously cheap rate, the reason is simple They are not Reliable!.Ask yourself this question, If you have a device that you are so sure would generate for you or anyone that has it, everyday without failure just $100 daily GUARANTEED! would you sell it? If you would how much would you sell it for?. lets think about this.

To be continued.......

Astute Financials.

Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 11:56am On Jan 08, 2016
USDINX chart.

The Usdinx(USD=US dollar|| INX =Index) chart is the chart that measures the fluctuations in the USD currency alone, Most Nigerian traders don't even know about its existence,this charts helps give professional analyst the best insight into how all the major currencies paired with the Usd are expected to behave at a particular time frame in view. Especially when using the correlation coefficient ratio in portfolio diversification.
|For example, the USDINX chart has a 99% negative (-1) coefficient ratio with EurUSd which in layman terms means opposite effect. When USDINX chart goes up. Eurusd comes! Now isn't this a great tool to help in your trading decision making as regards trade setup confirmation?

Here is an exclusive analysis about USDINX happening now.

The chart (Attached below) shows a double top pattern on the daily UsdINX chart. Presently the currency is trading in an upward channel pattern in which it has been since 10th Dec 2015. On the 4hr chart the currency presently has gone back upwards to retest the 200 SMA previous support turned resistance upon breaching yesterday.

Overall preference : Short
Duration Long Term Approx. 2 weeks.
Effect on Paired currencies : BUY for pairs with USD as Counter currency.
SELL for pairs with USD as Base currency.

Pattern invalidity point: 100.65 trading point.

Happy trading.

Astute Financials.(Investment meets Knowledge)

Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 7:29pm On Jan 07, 2016
GbpCad Update.

Trade completed at expected take profit point.

Astute Financials.

Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 9:10am On Jan 04, 2016
GbpAud

A very volatile pair due to the high difference in their interest rate ratio, had formed a positive divergence on daily and 4hrs, Although the movement began overnight,the pair has covered a lot of pips due to its high volatility rate, however according to the 1hr chart, A 5 wave movement has been completed and we should be preparing for a Wave 2/B retracement which should then pave way for a high volatility upward movement 3/C(they have the same properties).

Our Preference: Buy

Look for minor retracements to improve entry chances and reduce stop loss points.

Overall stop loss Point: 2.0170.
Overall target : 2.0819 (Marked Green)
Expected retracement point: 2.02884 (Marked Red)

Happy trading week.

Astute Financials.

Investment / Re: Professional Forex Portfolio Managers Meet Here! by astfi: 10:28am On Jan 02, 2016
danberg:
Exactly! The reason for this thread Surveycash. Before SEC comes into the picture, there would have to have been very notable commercial activity in Forex investing etc, as seen in other sub-sectors of the organized private sector to get their notice. By then, many of the highly placed and those in government must have heard of it or participated themselves, then and only then can legislation come into play which will not only legitimize but also give official recognition to this currently prostrate sub-sector.

SEC would be directed and their mandate expanded to regulate the sub-sector, like NFA and CTFC do in the US and FSA does in the UK. And then much more money, especially corporate funds would pour into the Forex hedge fund industry as you rightly mentioned. But then, if we do not buckle up and get our acts together instead of being the go-it-alone, individual lone-ranger-fund manager/Forex trader, how do we create the momentum that would get the government and it's relevant agencies to notice and do the needful?

We need to synergize and generate the needed momentum, through creating a respectable platform that can would project a strong credibility brand, while also sensitizing the public through dissemination of the right information about Forex and also through sound educating. We would achieve success when every trader who dreams of managing reasonable funds knows that he needs to be verified and approved by our platform before any serious investor would even take notice.


Astute Financials had the vision already hence the first Nigerian/African corporate financial investment advisory company, with core financial technical analysts with extensive financial trading and investment experience under this platform.

We believe there is a future for this aspect of financial investment hence our commitment to providing secure and reliable financial investment advisory services for investors since 2012.

Nice ob though.
Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 10:05am On Jan 02, 2016
69MissedCalls:
do you have a physical office?

Yes sir,

http://www.astutefinancials.com/contactus.php

The main one however is the Ibadan address, the Lagos is a budding branch office.

Should you have any question or enquiry, you can either ask us through this forum openly or contact us through our contact us page.

We would be hoping to read from you soon.

Best Regards.

Astute Financials.
Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 10:22am On Jan 01, 2016
Astute Financials welcomes you all to the New Financial Year 2016. Hoping it brings along all the right dividends in all our financial investment decisions.

HAPPY NEW YEAR 2016 .

From all of us at Astute Financials.

Investment / Re: 5 Reasons Why You Should tread carefully on DEC 16 Interest Rate Trade! by astfi: 2:12pm On Dec 13, 2015
Karlebolu:
The best thing to do is to wait for atleast 5 minutes after the news, then follow the market.


Yes sir, Its a common saying, but then believe me when i say that the quote was started by the brokerage companies, Its a way to get you involved in more uncertainties anyway and heres why

- When you wait for 5 minutes before entering a high impact news update 2 things happen
- High Mark-up : By that time, the volatility is in full effect hence there is no way you can guaranty the amount you would be charged as Spread.
- 5 minutes or not does not necessarily determine the direction of a news impact, unless you have a technical perspective to back it up and the effect of the news happens to conform with the direction the market is expected to move initially If not, after the initial impact the market goes back to the normal direction it is expected to go normally. Come to think of it sir, Why do you thing fundamental traders paces buy and sell limits simultaneously? you think they dont know to wait for 5 minutes?

Be Advised sir.


Karlebolu:
The best thing to do is to wait for atleast 5 minutes after the news, then follow the market.

oohrhiifx:
Hey 08038729194.
Please contact.

You would be contacted Sirs.

Astute Financials
Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 10:53am On Dec 10, 2015
New update.

The price of the EU pair moved to a new level yesterday in a wave 5 move of the supposed upward correction as described above thereby positing a whole different scenario. A 5 wave move can only happen in motive waves 1,3,5, and in A and C of a correctional movement. And since in the grand wave(Not posted here) we are supposedly in the wave 1 movement of the 5th grand wave downwards we have decided to short our attention towards continuing correction upwards although for now the short term movement remains downward.

Our Position

We have decided to go short on the pair after the price peaked at 1.1040 yester-night. All our subscribers were alerted to this immediately as regards taking the advantage as we have confluence of events to back the claim up for a short term sell-off to the 1.0722 region. With a solid negative divergence on 4 hrs chart coupled with the completion of the wave 5 movement using elliot. Our position is 55 pips up as we speak(please refer to chart attached)

Look for rallies to sell with the overall stop loss point at the 1.1050 region.

Happy trading to you all.

Astute Financials.

Investment / 5 Reasons Why You Should tread carefully on DEC 16 Interest Rate Trade! by astfi: 10:28am On Dec 10, 2015
1- There is no Stop Loss Point!: Now this is the single most important aspect of the whole thing..

I always try as much as possible to stress the importance of stop loss points to both New and Developing investors, the importance of Stop loss can not be over emphasized, it is so important in financial investment to the extent that no one and I repeat this, no one can be a successful trader without understanding the concept behind stop losses.(that's a topic for another time). It is the only thing in financial market trading that is meant to protect your portfolio exposure. Back to the topic, trading the interest rate is fundamental and as with all high impact news,high volatility is expected and with high volatility you are putting your portfolio to an enormous amount of risk without a stop loss point. Don't get carried away mental stop loss point won't work here it's just not possible.

2- There is no specific direction. The speculation is that the US central bank might increase the interest rates, notice the word MIGHT! It's not even sure, now ask your self what would you do if you decided to buy the USD only to now realize that the status quo was maintained? You would be shocked beyond anything to see that within a few minutes all your years hard work profit has been wiped away.

3- It caught your brokers attention. Remember the saying that the sole aim of all business is to make profit? Now picture this, why would your broker start dishing out unreasonable bonus at this time imploring you to deposit before 15th to be eligible? What's in it for them. Well many years of experience with varying brokerage companies has thought me that whether they are ECN, STP or Dealing desk brokerage, irrespective of how regulated they are, they still have a lot to gain if you lose your investment. All these brokers irrespective of what they advertise do hedge some of your trades as not all are passed to inter banks, the thing is they match as much strafe as they can and then forward the rest that they can't match to the interbanks. And that's the truth. So at this kind of period, they get set to match(hedge)as much trades as they can because they know that the probability of you profiting from this is very low, hence they bring out juicy offers so as to make you deposit.

4- There will be Re-quotes. Yes you heard me well... There will definitely be re-quotes irrespective of how regulated your broker is or how fast your internet connection is or how highly specified your laptop is. There will be re-quotes and this is not because they want to cheat you or because you broker is incompetent NO! It's because there would be a whole lot of speeding differences in price changes due to high volatility across all pairs that has USD either as the base or counter currency that even your broker would find it hard keeping to pace with the changes,so when you think you have a good price at hand and decide to click buy or sell... Prepare yourself for alternative pricing and yes the difference I between is going to be high. I know you must be thinking...I'll use pending orders or set deviations for my executions, am saying you would be shocked. As for pending orders yes your orders would be executed but with a large price difference maybe with 20pips difference or more which brings us back to square one, you can't control the trade. And as regards deviation, as yourself how many pips deviation can you allow? Forget about the 2-5pips difference here, what we are talking about here is something around 20-30 pip difference! Now ask yourself can you manage that? That's like 20-30% of you capital on the wrong side at Execution! Which now brings us to the fifth reason

5- What's your take profit point? How much do you want to make how far are you willing to go how far do you think it can go? Do you even know?

Many financial trader calculate their profit and give little attendance to their risk, a good investor would consider his/her risk first before thinking about the profit, the trader would consider the effect of the loss on his portfolio and weigh if he is comfortable with it or not. In this case you don't hold any of the important aces! Many adviser would say the only emotional things you need to conquer are greed and fear but I put this to you, anybody and everybody can be fearless when you are winning, but after 10 consecutive losses is there one investor that would still want to place a new trade fearlessly? Hence fear is a consequence of our greed. Understanding when the market is willing to give and when it's willing to take is the most important aspect in financial market trading it's called (Market Timing). Putting more attention to what you are supposed to make before making it and not considering what you might lose is a bad way to manage your portfolio.

Conclusion: Stay away! You don't have to be in a buy or sell position, being on the sideline is also a position in the financial market,atleast you get to keep what you have! grin wink

Astute Financials.
http://www.astutefinancials.com/cnews.php?=fnwid&109&5%20Reasons%20why%20you%20should%20tread%20carefully%20on%20Dec%2016!

Investment / Re: Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 10:48am On Dec 08, 2015
A quick Update on Euro!

The Eur/Usd pair which is one of the most traded currency pair has for sometime been going downward, the speculation has been that the due to the strong job data recorded by the US in November, the feds are very much likely to increase the interest rate on USD. A lot of people has been short on the EU pair which as been on the downward slope since it peaked at 1.1711 on August.
Analytically the pair even though has been showing some stress, oversold and reversal signs in the shape of an ending diagonal did not meet its projected target of 1.0474 for wave 3 downward movement before its Thursday reversal of over 400pips in a day, thereby catching many traders, novice and professionals alike unaware and erasing for most 2 months gain on the short position.
Amidst much confusion and chaos regarding the charts we have decided to share our insiders perspective with all our fans.
The pair is expected to continue in the downward position for a wave 5 movement.

Look for rallies to sell with the stop loss point at the 38.2% retracement point 1.0980. Wave 5 Target is at 1.0350

Investment / Forex, Stocks, Metals, Commodities. Charts Analysis, Trading Signals. Enjoy! by astfi: 10:43am On Dec 08, 2015
Hi all,

On this thread, we would be providing free technical market analysis on varying financial markets for any interested investor to make use of.

Brief introduction

Astfi as a username is a trademark of Astute Financials. A financial investment Advisory company. We offer tailor made services to all our clients existing and prospective, depending on what our client might require.

Our services covers most of the basic needs required for successful financial market investment. Market analysis, Trading signals, Portfolio management, Pool Account , Training&Mentorship Seminars and Webinars.

We understand how challenging it an be, trading in the financial markets, with so many ambiguous charts and many unreliable but colourful indicators. Being a Highly leveraged market,high volatility n price fluctuations could be a problem on its own, especially when you are not sure which direction the market is actually going.

We at Astute Financials are made up of highly technical oriented analysts with extensive experience in the financial markets, with deep approach into the financial market, thereby providing good trading opportunities to our clients.

Analytical Methods

Elliot Wave, Harmonics, Pitchfork, Gahn, Trendlines, Chart patterns, Candle patterns, Support and Resistances and Divergencies.

At Astute we understand that No single method is perfect in the financial market as the market is fractal hence we have mastered the use and combination of many complex tools inorder to be able to provide high confidence but less confusing setup for all our clients.

Conclusion

Follow this thread so as to have access to our free updates(when available). You can also ask any question regarding the financial market here and we would be happy to answer them as best as we can.

Welcome to the Real Financial Thread!.

Astute Financials.
Business / Re: Financial Market Trading Questions..! by astfi: 5:27am On Nov 06, 2013
favediva: Thanks

You welcome..

Hey guys keep the questions coming!!
Business / Re: Financial Market Trading Questions..! by astfi: 6:04am On Nov 05, 2013
MyJwell: how does the Nigerian law view profit made through online fx trading?

Just like any other law on profits made either through sales and purchases, rendering of services or whatever it is, Profits from investments are profits and its not just legal, under normal country law, you would be required to pay tax! as it is required on all earnings.

Traders in all other developed countries pay Tax! so you can see that its so legal the country also wants her cut.. grin

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Business / Re: Financial Market Trading Questions..! by astfi: 9:52pm On Nov 04, 2013
favediva: Great! I'd like to know more about trading in foreign currencies. How do operators (Banks, BDC's and mallams) in this trade make profit , and when do they make a loss.

Good question.

profit and losses in the fx market more like all other financial market is dependent on fluctuations. Price fluctuation on individual currency, stock or metal, is caused by many factors like fundamental,technical effect and sentiments also.

Banks, bureau de change, all make there profit from differences in the fluctuation of the price on the particular currency they are trading.

The skill lyes in how effective you can predict the fluctuations and how sharp you are to take the advantage.

Kindly ask any question should you need more clarification on anything.
Business / Financial Market Trading Questions..! by astfi: 10:38am On Nov 04, 2013
Ask any question on forex, stocks, or metals trading.. including analysis, trading systems.. and methods.. anything regarding trading and ill answer you.

So lets keep the questions coming in.. am primed!


Cheers!

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