RabbiDoracle:


The Greater Fool theory.

That's why i dont go near those gang, lessons learnt in the past .Buying good stocks at bargain prices is still the thing for me.though requires a lot of patience

RabbiDoracle:

Yes.
e4..... Make your move.

checkmate in two moves lol.

Agbalowomeri:


I don't know what the market is doing Lol, probably trying to consolidate
But definitely not bullish

If you say ASI is consolidating after bottoming in August, no wahala.

Are you saying some bank stocks are consolidating as well after bottoming in August?

Ok. Do you agree that there is a bottom in this market?

Lol @ 4H
My Oracle don mix things up..
Don’t worry.. I understand how the thing can be.
I carry stock market strategy into forex too..
I go dey average down ! Funny thing is I didn’t even know that was what I was doing until BBM called my attention to it.. lolz
O’boi 1000€ gone like breeze.

The first school fees I paid as a disobedient student.. BBM call GBP CHF long, I went and short.. I saw trade going against me yet I kept on shorting! aka averaging down

TraDeRR:
Lol @ 4H
My Oracle don mix things up..
Don’t worry.. I understand how the thing can be.
I carry stock market strategy into forex too..
I go dey average down ! Funny thing is I didn’t even know that was what I was doing until BBM called my attention to it.. lolz
O’boi 1000€ gone like breeze.

The first school fees I paid as a disobedient student.. BBM call GBP CHF long, I went and short.. I saw trade going against me yet I kept on shorting! aka averaging down

We will revisit this after November 2019 if the bearish trend Agba talked about doesn't come. That is when I will ask you and him this question again:

Looking at the chart of Zenith, state when the price of Zenith stock bottomed out and reversed?

Did you see it on the daily?

RabbiDoracle:


If you say ASI is consolidating after bottoming in August, no wahala.

Are you saying some bank stocks are consolidating as well after bottoming in August?

Ok. Do you agree that there is a bottom in this market?

How are you sure they are not pull backs?
Some stocks are still making new 52 weeks remember

RabbiDoracle:


We will revisit this after November 2019 if the bearish trend Agba talked about doesn't come. That is when I will ask you and him this question again:

Looking at the chart of Zenith, state when the price of Zenith stock bottomed out and reversed?

Did you see it on the daily?

What do I know ! Lol
For this nse that has damage all tools back to back.. I know nothing oo

TraDeRR:


What do I know ! Lol
For this nse that has damage all tools back to back.. I know nothing oo

NSE opens trading for us at 10am and ends at 2:20pm. This is 4H 20 mins.

Agbalowomeri:


How are you sure they are not pull backs?
Some stocks are still making new 52 weeks remember

November isn't too far. Let's wait till then.

RabbiDoracle:


Only GTB, Stanbic, ETI and FBN have 1D timeframe that have not yet turned bullish. But all their 4H have turned bullish.

The big caps should be leading the ASI rise because most of if them have bottomed out.

Stocks don waka.

I don't usually explain this much on NL but I had to so as to allay people's fears. People need to hold tight. The worst was over in August 2019.

...point of correction sir! All the stocks you mentioned have their D1 timeframe bullish already. Pullingback does not mean they are not bullish

BullBearMkt:

...point of correction sir! All the stocks you mentioned have their D1 timeframe bullish already. Pullingback does not mean they are not bullish

Oracle still dey your class 1
You know say me I don write promotion exam to class 2
I hope I no fail sha

BullBearMkt:

...point of correction sir! All the stocks you mentioned have their D1 timeframe bullish already. Pullingback does not mean they are not bullish

My reference was on the cloud. The clouds (for the listed stocks) are yet to turn bullish. Not the price.

Agbalowomeri:


Oracle still dey your class 1
You know say me I don write promotion exam to class 2
I hope I no fail sha

I no dey class. I dey on my own.

BullBearMkt:

...point of correction sir! All the stocks you mentioned have their D1 timeframe bullish already. Pullingback does not mean they are not bullish

Let me ask 1 question
Since there’s only 4 hours 20 minutes trading for each day on NSE, after the close of the 4H candle can I use that candle as a guide/judge what happened that whole day ? Or I have to wait for 24 hours to complete even do the rest of the 20 hours section was closed ?

Agbalowomeri:


Oracle still dey your class 1
You know say me I don write promotion exam to class 2
I hope I no fail sha

Remember don't use one chart isolation. Combine with others.

RabbiDoracle:


My reference was on the cloud. The clouds (for the listed stocks) are yet to turn bullish. Not the price.

... Leave Ichimoku for the Japanese to work with. Slow, sluggish, laggard but STEADY if you know how to effectively use it

TraDeRR:


Let me ask 1 question
Since there’s only 4 hours 20 minutes trading for each day on NSE, after the close of the 4H candle can I use that candle as a guide/judge what happened that whole day ? Or I have to wait for 24 hours to complete even do the rest of the 20 hours section was closed ?

There is 5H time frame

You are now asking good question.

If you look at most stocks that reversed (combining some tools anyway), you will see that on the daily time frame, there was only bottom for August but there was no sign for reversal. But when you zoom further into other frames, then you get the Eureka moment. But you must ensure that the bottom references(this bottom and that bottom) are not on the same day.

Cc Veecovee

BullBearMkt:

... Leave Ichimoku for the Japanese to work with. Slow, sluggish, laggard but STEADY if you know how to effectively use it

You are making a mistake bro. That tool seems predictive o. More like a better guidance!

TraDeRR:


Let me ask 1 question
Since there’s only 4 hours 20 minutes trading for each day on NSE, after the close of the 4H candle can I use that candle as a guide/judge what happened that whole day ? Or I have to wait for 24 hours to complete even do the rest of the 20 hours section was closed ?

...because the inter-day data are delayed data on most charting platforms (if not all), I will not rely on H4 - yes you can use it if they are live data.

RabbiDoracle:




There is 5H time frame

You are now asking good question.

If you look at most stocks that reversed (combining some tools anyway), you will see that on the daily time frame, there was only bottom for August but there was no sign for reversal. But when you zoom further into other frames, then you get the Eureka moment. But you must ensure that the bottom references(this bottom and that bottom) are not on the same day.

Cc Veecovee

Ok.. thanks
Indeed there’s 5H mo ti gbagbe Shaa..

RabbiDoracle:


You are making a mistake bro. That tool seems predictive o. More like a better guidance!

...are they not based on calculations? Yes, sometimes they will work and many times they will fail you. Is it Senkou Span A & B that will predict future price Support & Resistance. All Japanese would have been billionaire by now if it is so accurate

EKUU MKT o

BullBearMkt:

...because the inter-day data are delayed data on most charting platforms (if not all), I will not rely on H4 - yes you can use it if they are live data.

Ok.. thank you

so some still doubt the BULL are around

okay o

TraDeRR:


Ok.. thanks
Indeed there’s 5H mo ti gbagbe Shaa..

LOL

BullBearMkt:

...are they not based on calculations? Yes, sometimes they will work and many times they will fail you. Is it Senkou Span A & B that will predict future price Support & Resistance. All Japanese would have been billionaire by now if it is so accurate

Why they will not be billionaires is because the first thing that puts people off on that tool are the many lines and cloud. So why stress yourself on something that you thought will be easy. Hence people abandon it.

Anyway wetin concern me with TA . Na FA I gbadun

RabbiDoracle:


Why they will not be billionaires is because the first thing that puts people off on that tool are the many lines and cloud. So why stress yourself on something that you thought will be easy. Hence people abandon it.

Anyway wetin concern me with TA . Na FA I gbadun

TA & FA are aiming for the same objective - make money in the market.

DeRuggedProf:


Honyflour is like Agba, It will not stop knocking on that door....... I leave the rest until I get permission from VCV to proceed....

RabbiDoracle:


I no dey class. I dey on my own.

This one we dey do here nko?

TraDeRR:


What do I know ! Lol
For this nse that has damage all tools back to back.. I know nothing oo

My admonition, learn my VAP technique and everything would become clear.

BullBearMkt:

... Leave Ichimoku for the Japanese to work with. Slow, sluggish, laggard but STEADY if you know how to effectively use it

In my opinion, this is one of the best and most balanced indicator there is out there.

This indicator picks even VWAP levels extremely accurately.

Oh! Pardon me, my oga BBM said that VWAP is only applicable intra-day and cannot be scaled up to be applicable for longer duration.

meshpips:


In my opinion, this is one of the best and most balanced indicator there is out there.

This indicator picks even VWAP levels extremely accurately.

Oh! Pardon me, my oga BBM said that VWAP is only applicable intra-day and cannot be scaled up to be applicable for longer duration.

...lol! Oga meshpips all indicators are good, some are laggard than the other. The challenge is people tends to trade indicators rather than price/volume (in stocks).

Talking about VWAP, to the best of my knowledge the VWAP I know & which I have used extensively in my stock trading is for intra-day. If yours can be scaled to longer timeframe, it needs to be tested & proven right to a certain degree. For now, at least for the few posts I read from you, it is not working well