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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts / Discussions: Season 24 (252483 Views)
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Re: Forex Trade Alerts / Discussions: Season 24 by Jameselias: 9:29pm On Jan 30 |
ICTcadet |
Re: Forex Trade Alerts / Discussions: Season 24 by nzechu(m): 10:00pm On Jan 30 |
Davigled: My bros, this late bullish strength is enough to worry about, look at the last hour bullish movement on GBPUSD daily candle. Switching to my weekly candles, my concept is showing early movements of bullish run on gold, silver, audusd and nzdusd. Let's see how it goes |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 10:02pm On Jan 30 |
Davigled: yeeeee boyyyyyyy, tp smashed, operation account recovery from ICU unit initiated, all losses incurred yesterday have been nullified 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 10:02pm On Jan 30 |
Jameselias:SIR YES SIR |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 10:03pm On Jan 30 |
Good evening folks, so tomorrow promises to be superbly interesting as there are market moving events that will definitely rock the market across all asset class. The first event is something that you may have never heard off in the trading world, but it's quite popular in the investing world and interestingly, the Federal Reserve will also be paying attention to it. This is the US Treasury Quarterly Refunding Announcement by 2.30 pm GMT+1. I will try my best not to write a long post but here's a summary of what you may wanna know about it; The US Treasury department is responsible for managing the US government's finances, and it conducts a quarterly refunding process to raise money for government spending, manage existing government debts and indirectly influence interest rate decisions. The US Treasury quarterly refunding announcement, a regular update by the Treasury Department, outlines the government's borrowing needs and debt issuance plans for the upcoming quarter, specifying details of Treasury securities auctions. This announcement impacts Treasury yields as it signals the government's borrowing intentions. An increase in issuance may raise yields due to higher supply, potentially lowering bond prices, while a decrease could have the opposite effect on yields. Now investors are expecting the US Treasury to release a higher quarterly refunding announcement and in the event that it does that, this will definitely make bond yields to rise which will definitely spill over into the USD as rising yields tends to make the dollar stronger. Now the second event of equal impact as the first is the much anticipated FOMC meeting tomorrow by 8 pm GMT+1. For folks that may have been tracking or paying attention to the US economic data will know that it's still in a pretty good shape compared to the other G7 economies. So in a nutshell, a stronger economy means no rate cut (for now). The markets expects a somewhat hawkish remark from Powell pushing back on an early rate cut reaffirming the higher for longer narrative. The US economy has already achieve a soft landing and due to that, the Federal reserve do not need to be in a rush to cut rates. Here's my take; if we get a higher quarterly refunding announcement that beats market expectations from Janet Yellen and also a hawkish remark from Jerome Powell (#anicingonthecake), we could potentially see bond yields going through the roof with the dollar hitching a ride on their back, while all risk asset class plunge to hades. Here are the levels I'm watching; DXY: I expect price to breach the 104.3x which is the high of Dec and BSL is residing there. And also, price has been finding support in the BISI of Tue 16 Jan 24. But in the scenario that things eventually goes south (you know shit happens at times), we could see price crashing below SSL residing at 102.7x. Gold: for the previous 2 weeks, I have been anticipating and I still do expect a crash to the 2001 level and subsequently to 1980 level. I feel that Gold may find resistance at the 2040 level due to the huge wick rejection of 7am EST Tue 30 Jan 24 on the 4h chart. Should it hold, I expect it to journey downsouth, but in the case that it breaches 2040, we may see it go far north to 2060ish zone. Pls don't mind all my gibberish as you definitely don't need to know all this to be a profitable trader, this is a new hobby that I have found to make myself more productive. Cheers and pls trade safe tomorrow as it's going to be crazy violent tomorrow, only proper risk management will definitely be your saving grace... 2 Likes
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Re: Forex Trade Alerts / Discussions: Season 24 by Peterfx01(m): 10:28pm On Jan 30 |
DXYY:If we ever have to discuss in deep I'll for sure let him know that one certain |
Re: Forex Trade Alerts / Discussions: Season 24 by DXYY: 11:11pm On Jan 30 |
TradingGod: |
Re: Forex Trade Alerts / Discussions: Season 24 by DXYY: 11:14pm On Jan 30 |
Peterfx01: Good |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 11:15pm On Jan 30 |
🔰 According to Sky News: US President Joe Biden will authorize military action in the Middle East tonight. #Gold #USD #Oil🛢 @Forex_LvieStram copied. if that happens oil and gold could gap up |
Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 11:51pm On Jan 30 |
3 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by realone12(m): 11:59pm On Jan 30 |
GabsonFX2:man wey dey make things happen.. I salute 1 Like 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by peteregwu(m): 4:11am On Jan 31 |
peteregwu: On EURCHF, closed on breakeven 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by gnykelly(m): 4:24am On Jan 31 |
DXYY: I have more than the minimum. Yet my card won't get top up from my USD wallet |
Re: Forex Trade Alerts / Discussions: Season 24 by wuyexzy01: 7:14am On Jan 31 |
GabsonFX2:is the 82 trades for phase 2 alone... u went scalping ni? |
Re: Forex Trade Alerts / Discussions: Season 24 by wuyexzy01: 7:16am On Jan 31 |
not sure of whats happening but i like what im seeing... USD/MXN
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Re: Forex Trade Alerts / Discussions: Season 24 by DXYY: 7:24am On Jan 31 |
gnykelly: Are you trying to top up ur USD account or you want to withdraw back to your naira account |
Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 8:05am On Jan 31 |
Davigled: Correct me if I am wrong... I think fundamental analysis is better for long term traders All this long grammar is too much for one day trade wey fit still cut like bet9ja ticket 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 8:31am On Jan 31 |
Morning folks, Gold sell limit at 2038, stoploss at 2043 |
Re: Forex Trade Alerts / Discussions: Season 24 by wuyexzy01: 8:38am On Jan 31 |
Nzd/chf has been bouncing off 0.52800 area repeatedly.
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Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 8:47am On Jan 31 |
Geovanni412: Ogami, in all honesty you maybe right sir. I use to think like that, but the saying that says there are many ways to skin a cat is really true, I use to think that only position traders or maybe swing traders incorporate fundamentals analysis, but I have come across scalpers that trade based off fundamentals, and day traders too, one of my mentor on twitter whom I am learning fundamentals from is a scalper, and he scalped both sides of Gold yesterday based off the geopolitical tensions in the middle east which made him long gold and then later on short gold due to strong economic data (JOLTS and consumer confidence) which made gold spike down. i know that you know about floor traders which are mostly scalpers or day traders and they also trade off fundamentals too. this are things that I came across on my research which convinced me. but to be candid it's not the only profitable way, I am doing this because I've recently develop interest in economics especially macroeconomics and I plan on getting a certificate on economics in the future to add to my degree in engineering 😁 a big shout to galleryeasy, he was one of the folks who inspired me to study fundamentals too, pls newbies I am not trying to paint a glamorous picture on fundamentals because honestly it's more harder than technical analysis and I strongly will never recommend it to a total noob, make sure you have a strong technical before you even think of adding fundamentals too it. |
Re: Forex Trade Alerts / Discussions: Season 24 by klinksd: 8:48am On Jan 31 |
AUDUSD Buy Limit E: 0.6560 S: 0.6545 T: 0.6635 RR: 1:5 ...may the blue pips be with us. 🥂 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 8:50am On Jan 31 |
samfelly: Kaybee7000: Kaybee7000, congrats. Sorry, I made a blunder with that screenshot. Dollar to Naira rate no make me think straight, again. CC: Inforfirst 2 Likes 1 Share
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Re: Forex Trade Alerts / Discussions: Season 24 by Davigled: 8:57am On Jan 31 |
Davigled: And we are live, operation account recovery from ICU unit in progress |
Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 9:03am On Jan 31 |
3 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 9:05am On Jan 31 |
1 Like 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 9:11am On Jan 31 |
10 Likes 3 Shares |
Re: Forex Trade Alerts / Discussions: Season 24 by Peterfx01(m): 9:12am On Jan 31 |
Sell EU now tp that low over there Sl taken not a good week for me
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Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 9:24am On Jan 31 |
Davigled: Okay, boss Didn't know about all that, Sha, as long as it works for you, it's all good. |
Re: Forex Trade Alerts / Discussions: Season 24 by Petah(m): 9:25am On Jan 31 |
Forex trading isn't for the weak. Hope we have a profitable week. |
Re: Forex Trade Alerts / Discussions: Season 24 by Petah(m): 9:27am On Jan 31 |
Focus on the process everyday and not the result. He no mean say make you no use RM ooo. Sha get the right KNOWLEDGE before you focus on the process. Higher ups |
Re: Forex Trade Alerts / Discussions: Season 24 by klinksd: 9:28am On Jan 31 |
GabsonFX2: Congrats chief, more wins to come. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by Shannu44: 9:36am On Jan 31 |
Tristan Tate is an ex-kickboxer champion, motivational speaker, and nobleman, who runs successful businesses all around the world. https://thetristantate.com/ |
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