infofirst:


You tried o... 24 to Kini

It's disturbing. Begging people to take crude oil for free.... It's shocking too.

Even paying those who ordered for May contracts to come pick it up as storage is filled.

Vandorra:


It isn't a flat rate for Nigeria, bonny light sits around 20usd now.

Production cost of 30 isn't across board, prices differ amongst those refined and those soils naked.

But I do know very well that none of Nigeria oil cost less than $15/barrel to produce.... So it's still a minus for us plus no one is willing to buy in the intl market and storage cost is building up. Paying money for storage of a product that you have no market for....

Blood of HABAKKUK crude oil prices don cast

infofirst:


But I do know very well that none of Nigeria oil cost less than $15/barrel to produce.... So it's still a minus for us plus no one is willing to buy in the intl market and storage cost is building up. Paying money for storage of a product that you have no market for....

You are totally right.

Recently I talked about the effects of o er supply by Saudi and its consequence, and here it is. Nigeria definitely is in for it.

Add job loss that will come from the energy sector( aviation, mining, oil and gas) and even their creditors (banks) with the effect of job loss from convid 19, we may be heading for a depression.

saxy4c, the gold man.
back to back trades on gold since morning.

kudos to you.

Vandorra:


You are totally right.

Recently I talked about the effects of o er supply by Saudi and its consequence, and here it is. Nigeria definitely is in for it.

Add job loss that will come from the energy sector( aviation, mining, oil and gas) and even their creditors (banks) with the effect of job loss from convid 19, we may be heading for a depression.

Not for forex traders. Hehehehe

I'm going long at the close of this candle targeting 121 as my profit level.

50% buy limit

Benqozenero:


Not for forex traders. Hehehehe

Guy, no think am oo. No "bobolize" yourself.

When a bag of rice was 8k and USD was 120naira..that was 66usd, now 28k and thats 77usd or thereabout.

We operate a family system that entails lots of dependants and when u think that your account in USD is "gbera" , so also the more that will be needed from you to help those dependants affected by a recession (if it ever comes).

Also the so called forex traders....how many dey Nigeria? How many can even boast of making 500 USD regularly monthly? Its more of mouth(no offence).

If you are making good USD, think of the jobless who may take to robbery and hooliganism, they become a security threat to you(guess you are seeing you ain't exempted whichever way).

Have you given thought to the fact that your banks will come in with more form of pen robbery in the name of charges on your account?


We are all in this.

Gold wants to close above the earlier 1683 level to show that bulls still are very much active and is even forming so many bullish candle patterns on LTF. But this is my plan, I think the Asians are setting this up so they get a good price to sell off when the Chinese come in. I'm holding sells and waiting for 1660 at least before London. Been an all around good day. All levels are posted if you want to buy or sell. Good night good people.

saxy4c:
This extra late entry has given 110pips almost 3R

Market has intraday capped right at our earlier mentioned resistance @1690. If intraday closes below 1674, we would most likely continue bear it down, on the other hand, If intraday closes abv 1683, it may suggest retest of 1690 with probably up till 1703 next.
For me I see a short term range between 1660-1703 most likely.

TheYoda:
Saxy4c by the way, good trading, great calls here.

You two out on a date again?

Can't stop laughing!

It'sa love hate something

Vandorra:


You two out on a date again?

Can't stop laughing!

infofirst:


Na so o. The CoronaVirus has done the unimaginable.

not really. Saxy4c understands better.
me 10k loss? not possible

Benqozenero:



Hehehehehhehheeheheehhhehehehehehehe

lol. it is not what you are thinking

EmmanuelD1st:
Sold GBPCHF @1,2035

Tp1 achieved +135 pips @1.9000

Looking to long EURGBP, EURNZD

Waoh, waoh ... So many great institutional forex traders here, how are you all doing it .

Please I need a mentor abeg. As all the things I am seeing here are unimaginable to me.

Thanks

Vandorra:


You two out on a date again?

Can't stop laughing!

If i see positive my I praise am too, so AK47 won't say I'm negative and bitter person LOL.

saxy4c:
It'sa love hate something

I love everybody here, even the ones I give hard time to, it's all love here but not to people like Blackeurop , or people trying to play a long con game.

You see some funny post few pages back, hailing some south african instagram traders, I see those posts, and was just laughing LOL.

EmmanuelD1st:

Tp1 achieved +135 pips @1.9000

Nice trade sir. Keep them coming

TheYoda:
Nice trade sir. Keep them coming

He is a respected and quiet boss.
Always keep to the rules.

[quote author=TheYoda post=88710930] If i see positive my I praise am too, so AK47 won't say I'm negative and bitter person LOL.

Of course nobody can drag the Jekyll and Hyde personalty with you here.
All the same you're doing well.

CADJPY SELL 76.00 SL 76.15 TP 75.35

Blue Lines are entries
Red Lines are stops
Green Lines are my targets

Possible expanded flat

If it gets that low, that's where I'll be looking to buy
If not, Trendline breakouts or something around London Session would do just fine

Bought EURCAD @ 1.5432
SL 1.5385 TP 1.5500


Caution...

TheYoda:
Nice trade sir. Keep them coming

Thanks chief

infofirst:


He is a respected and quiet boss.
Always keep to the rules.

Kind words sir very well appreciated...Thanks

EURGBP - waiting for price correction to at least .8770 level for a long position, but seeing those inside bars, I'm having a second thought price would just continue its momentum from previous day.

heskeyw:
Gold has finished me. Checked it to see 234naira profit. Finished my breakfast and came bk, I met minus 9k loss.

I was able to hold out. From 9k loss to now 500 naira loss. I think I might see profit in the next few hours

voraz:
Blue Lines are entries
Red Lines are stops
Green Lines are my targets

Possible expanded flat

If it gets that low, that's where I'll be looking to buy
If not, Trendline breakouts or something around London Session would do just fine

Moving down

jammer777:
Bought EURCAD @ 1.5432
SL 1.5385 TP 1.5500


Caution...

SL hit.

Am buying GBPUSD for a long time. I hope she follows me home...

infofirst:
Once upon a time in my life time. Oil traded at less than $10/parrel. How I so wished naijababe is around this thread now.

She is

Please house, if am trading in 1:200 leverage, would I need to pay back some loan when am withdrawing my money??