Review of Strategic Tips on Milking the Major Currency Pairs in Live Forex Trading

[Forexgreenland]

[08:40:46 20/10/08] enolase : Hi Stal

[08:41:03 20/10/08] Stalion : hi enolase

[08:41:34 20/10/08] Stalion : sorry, woke up late today....had a lot to do...

[08:42:11 20/10/08] Stalion : looks like cable is moving up this morning..

[08:42:12 20/10/08] enolase : no probs

[08:47:13 20/10/08] enolase : well, I guess we just watch for price acions today

[08:47:34 20/10/08] enolase : action bias for GBPUSD on actionforex.com is up

[08:48:47 20/10/08] enolase : ok

[08:49:54 20/10/08] Stalion : we put a buy stop on gu @ 1.7500.1st target @ 1.7525...2nd

target 1.7575

[08:51:06 20/10/08] Stalion : sl @ 1.7425.....take half profits when on +20 pips in your

favour..

[08:51:17 20/10/08] enolase : price has already taken off

[08:51:29 20/10/08] enolase : i am entering right now at market price

[08:52:17 20/10/08] Stalion : why not put a buy limit @ 1.7500

[08:52:23 20/10/08] enolase : ok

[08:52:37 20/10/08] enolase : why a 75 pip stop loss?

[08:55:18 20/10/08] Stalion : 1 because of recent market volatility....enolase...2 because

our total target is 75 pips...so its a 1:1 risk to reward ratio..

[08:56:19 20/10/08] enolase : ok

[08:56:25 20/10/08] Stalion : any high impact news coming out from gbp today?

[08:58:05 20/10/08] masif1 : morning gentlemen

[08:58:35 20/10/08] enolase : none from waht I can see on my Economic calendar

[09:00:21 20/10/08] masif1 : gu @ 1.7500.1st target @ 1.7225 - did u mean 1.7525?

[09:01:43 20/10/08] enolase : indeed the only active News for the week are:

[09:01:53 20/10/08] enolase : BoC Interest rate decision tomorrow

[09:02:11 20/10/08] enolase : BoE Minutes and RBNZ Interest rate decision on Wed

[09:02:20 20/10/08] enolase : UK retail Sales on Thurs

[09:02:35 20/10/08] enolase : and UK GDP as well as BoC CPI on Friday

[09:02:58 20/10/08] Stalion : hi there masif

[09:03:02 20/10/08] enolase : and of course the Fed Chairman testifies tomorrow: may have

some impact on the USD

[09:03:41 20/10/08] masif1 : hi stal

[09:03:55 20/10/08] masif1 : has that gu call triggered?

[09:04:08 20/10/08] masif1 : i hope iut hasnt as gu going down

[09:04:46 20/10/08] enolase : actually Bernanke testifies today

[09:05:07 20/10/08] enolase : so watch out for a dovish statement that may impact the USD

[09:11:14 20/10/08] fxjedi : helloo all

[09:13:34 20/10/08] fxjedi : did i mis any alerts?

[09:16:21 20/10/08] fxjedi : ohh,seen it

[09:42:21 20/10/08] Stalion : looks like gu is still holding up...

[09:44:01 20/10/08] fxjedi : hi stal

[09:44:32 20/10/08] fxjedi : the news was quite in favor of gu,dont you think?

[09:45:59 20/10/08] Stalion : yes,jedi....but only time will tell

[09:56:55 20/10/08] Stalion : hmmmm....

[10:07:01 20/10/08] fxjedi : its like we are on No Man's Land

[10:17:30 20/10/08] masif1 : cable long has triggered

[11:23:46 20/10/08] enolase : waz up?



[11:46:48 20/10/08] Stalion : we got stopped out on the buy order for the gu...

[11:47:02 20/10/08] Stalion : 1 strike out..

[11:47:56 20/10/08] Stalion : so we sell gbpusd on current market price @ 1.7435....1st

target @ 1.7485

[11:49:52 20/10/08] Stalion : sl @ 1.7480

[11:52:32 20/10/08] Stalion : sorry, typo...1st target @ 1.7385

[12:00:25 20/10/08] Stalion : 2nd target on the short side @ 1.7331

[12:03:09 20/10/08] klho83 : Hi Stal

[12:04:21 20/10/08] enolase : yes

[12:05:48 20/10/08] enolase : the signal appeared late

[12:06:23 20/10/08] enolase : on the chat box

[12:06:46 20/10/08] enolase : i think u need to look into it. Not the first time I have

noticed it

[12:08:59 20/10/08] fxjedi : 1st taget hi

[12:09:09 20/10/08] fxjedi : hit



[12:10:09 20/10/08] fxjedi : but the alert didnt come in late,enolase, wen i logged in, no

one was around on the chatbox

[12:10:58 20/10/08] Stalion : hi jedi

[12:13:24 20/10/08] fxjedi : do i put a trailing stop now,stallion?

[12:15:29 20/10/08] Stalion : yes, you are right, jedi...when I posted the short call, it

was on record that none was around...price can move any direction at any moment..so as

intraday traders, we have to be around to adjust and take advantage of price movements..

[12:15:58 20/10/08] Stalion : a 15 pip trailing stop would be prudent, man

[12:16:09 20/10/08] enolase : maybe it was my network

[12:16:37 20/10/08] enolase : anyway, i entered when the price retraced to 1.7410, so i have

no complaints

[12:16:45 20/10/08] enolase : i am also short on the EURJPY

[12:19:39 20/10/08] enolase : and i am also in cruise control on EURJPY

[12:19:41 20/10/08] enolase : wel, i have taken profit in GBPUSD

[12:20:29 20/10/08] enolase : looks like the JPY is gaining some control over the majors,

but we watch and see

[12:24:56 20/10/08] enolase : what a bam bam on EURJPY!

[12:25:13 20/10/08] Stalion : cool...

[12:25:21 20/10/08] enolase : my GU charts froze

[12:25:27 20/10/08] enolase : so i decided not to go further

[12:25:49 20/10/08] enolase : but i just gained some 70 pips on EURJPY

[12:26:09 20/10/08] enolase : at least i have recovered from the earlier GU stop-out

[12:29:26 20/10/08] fxjedi : i made 87 pips from the gu short,putting a trailing stop for

2nd target

[12:29:52 20/10/08] Stalion : thats nice

[13:05:56 20/10/08] enolase : GU dey retrace o!

[13:06:23 20/10/08] enolase : but let's watch it

[13:42:54 20/10/08] masif1 : damn got stopped out on the long and missed the short call Sad

[13:43:29 20/10/08] masif1 : how did you do on the short? make up the loss on the long?

[14:14:32 20/10/08] enolase : masif my man

[14:14:58 20/10/08] enolase : the way the market has been in the last three months, the SET

AND FORGET Strategy is not the best anymore

[14:15:09 20/10/08] enolase : u need to be on your screen

[14:19:53 20/10/08] enolase : the GU 2nd target was triggered

[14:21:17 20/10/08] enolase : so i lost 75 pips on the Long GU trade, then gained 80pips

from the Short trade, then another 70 pips from Short EURJPY

[14:21:27 20/10/08] enolase : not a bad start to the week

[14:26:04 20/10/08] masif1 : WELL DONE enoloase

[14:26:13 20/10/08] masif1 : i see what you mean

[14:26:34 20/10/08] masif1 : if you had put a trailing s/l on the short you'd be laughing

bro

[14:32:58 20/10/08] enolase : looks like the dollar and yen are set for more gains

[14:33:37 20/10/08] enolase : i am in short on the EURUSD and EURJPY

[14:34:53 20/10/08] enolase : combined i am 90pips in profit right now

[14:36:10 20/10/08] enolase : i see EURJPY hitting 135.00

[14:36:54 20/10/08] enolase : but let's see

[15:02:59 20/10/08] masif1 : about 200+ pips could have been made on the cable today if

stals alert was taken

[15:03:12 20/10/08] masif1 : the short alert

[15:03:21 20/10/08] masif1 : minus the 80pips loss

[15:03:32 20/10/08] masif1 : 120+ is brilliant start to the week!

[15:07:29 20/10/08] enolase : Bernanke has started his House testimony

[15:07:54 20/10/08] enolase : "supports a 2nd stimulus to support the economy"

[15:10:07 20/10/08] enolase : take a look at the doolar gains over the CHF

[15:58:44 20/10/08] enolase : wow

[15:58:49 20/10/08] enolase : what a day

[15:59:50 20/10/08] enolase : i have close to 250 pips in the bag today. i am out for the

day.

[15:59:59 20/10/08] enolase : Better to leave when the ovation is loudest

[16:02:57 20/10/08] enolase : thanks Stallion. See u all tomorrow

[16:03:13 20/10/08] enolase : today's experience has shown one thing:

[16:03:33 20/10/08] enolase : at this period, it pays to stay glued to your screen so you

don;t miss great setups and good trades

[16:03:42 20/10/08]Stalion : +300 pips, +300 minilot, +3000 standard in less than 6hrs

[Forexgreenland]

Forexgreenland, what is your point in your post below? Are we to

expect spam in the future from you?

I'm in agreement with 4x..

Forexgreenland.. Please do not post your IM messages in the Forum. Understandably..We see

you caught a Drop. This one could just have been luck.. What "Signal" did you use to

catch the drop? That might be more of a learning experience for the people in the

Forum

I come in peace,mon amis...

On the contrary, your discussion on the Welles Wilder book ''The Delta Phenomenon or the

Hidden Order In All Markets'',piqued my curiousity.. Jim Sloman, the genius engineer that

discovered it and shared it with Welles, talked about Delta turning points and where and

when it should be in the markets. Though he claims Delta is the basis of all market

movements, there are NO exact exit and entries to take advantage of those predetermined

Delta turning points..
''The secret can be defined for all five Delta time frames by just eighteen words.
Markets repeat directly or inversely relative to the total interaction of the sun, the moon,

and the earth.
For the Intermediate Term Delta time frame, each colored line is on the
date of each FULL MOON!
We can define the Intermediate Term Delta in nine words.
Markets repeat directly or inversely every four lunar
months.
That is the height of simplicity. It is a truism. It has held up as far back
in history as there is obtainable data. And yet, it has eluded everyone who
ever tried to find it . . . the real underlying order in markets . . . until it was
discovered by Jim Sloman in the summer of 1983.
Now, even though we know the Delta order is perfect, unfortunately,for me, the exact date of

the high and the exact date of the low (of thehigh/low rotation) is not perfect. If it were,

you would not be reading this book and I would have, by now, accumulated more wealth than

anyone else in this world!
So. it is important to understand the difference between perfect order and perfect accuracy.

Perfect order involves a phenomenon that repeats exactly within a defined reference. In this

case the reference is the perfectinteraction of the sun, moon and earth.
Perfect accuracy defines the accuracy within the order. In this case,
the accuracy is that of the turning points. That is, how close a particular turning point

will come to a predicted date. Obviously, it is not possible for perfect accuracy to exist

within the perfect order of markets.'' Quote from the Delta Phenomenon Book

That is where I come in, my friends..

Originally posted by Hoof:
[QB] Hi. This is my first post and I want to try get some answers to the questions I have

about this thread. It would appear as though the 60% "window" does in fact appear to get

slightly more hits than the 61.8 fib. Why exactly is beyond me but it does appear that way.

We will see how long that lasts.

I do not know how you are calculating targets but I was able to pick up 70 pips on GBP/USD

but would like to know if target prices are established from support or resistance or if

there is in fact a calculation that is being used?

Are you selling a service? Your website and forum suggests that you are selling a service.

[/QB]

Helloo Hoof,
It is true the 60% window got more ''hits'' than the 61.8 fib..and it lasts as long as

there's a forex market..
There are calculations being used,which also takes cognizance of support and resistance

levels..The CHART PATTERN RECOGNITION AND PRICE PROJECTION STRATEGY is a conglomeration of

diverse and dynamic trading techniques that is synergetically combustulated to form a

holistic winning formula or ''edge''.
Please dont get me wrong, Hoof....I'm not selling out...especially in the art of trading..
Welles Wilder of the ''Delta Phenomenon'' sells his books and services..Steve Nison ,Tom De

Mark,Dr Alexander Elder, Dr Van Tharp,etc..sells their services and manuals,Warren Buffet

sells his services through Berkshire Hathaway,Bill Gates through Microsoft..etc..Does that

mean they are sell outs or any lesser than the trading public? I dont really think so..else

how would anyone get to benefit from their insights and experiences?
They are still true to their art..which only makes them better..Trading is an Art,Science ,

as well as Business, and should be treated as such..

Hi forexgreenland, is it possible for me to join your littel club...

please... although im a noob i want to learn from you guys please please

master

[13:45:33 21/10/08] Stalion : helloo everyone

[13:45:43 21/10/08] skipper : Hi

[13:46:27 21/10/08] Stalion : our long gu order didnt go according to plan early this

morning, so we cut it off and say next..

[13:48:27 21/10/08] Stalion : we put a sell pending order on gbpusd @ 1.6955, 1st target @

1.6919...

[13:49:24 21/10/08] Stalion : sl@ 1.7108

[13:51:57 21/10/08] skipper : hope your order hits & I'm still with you on the journey down

[13:52:26 21/10/08] klho83 : Hi Stal

[13:52:51 21/10/08] Stalion : hi K

[13:53:50 21/10/08] klho83 : Stopped for GU long trade during asian session

[14:01:43 21/10/08] masif1 : coolio

[14:03:56 21/10/08] tundope : hi stal

[14:06:51 21/10/08] Stalion : OKAY

[14:21:48 21/10/08] Stalion : price almost brushing our sell stop order

[14:38:28 21/10/08] Stalion : hi enolase..

[14:40:06 21/10/08] enolase : i am on the sidelines for now

[14:40:20 21/10/08] enolase : the BoC interest rate decision is a tricky one

[14:40:40 21/10/08] Stalion : hi fxmonkey...

[14:40:58 21/10/08] enolase : market expecting a 50 basis points cut, so movements downward

may have been factored in

[14:41:49 21/10/08] didi : it's not been too rosy.i once traded with no stop loss and lost

1'400 in 3 mins

[14:42:10 21/10/08] enolase : CAD may gain if there is only a 25 basis points cut or no cut

at all, so I will just watch it

[14:44:11 21/10/08] Stalion : what was the name of the strategy you used?

[14:45:05 21/10/08] enolase : $1,400 in 3 mins?

[14:45:53 21/10/08] didi : i try to keep it simple,just some ema's,rsi and stoch.like i said

i'm new
[14:46:25 21/10/08] Stalion : yes, eno, the USDCAD and AU/USD may be worth watching this

afternoon....I hope the news gets to have a high impact

[14:47:41 21/10/08] Stalion : no probs....but at the end, didi...its not more about the

right strategy than risk management...they both are very important...

[14:48:17 21/10/08] enolase : but like Stal said, risk management is very important

[14:48:44 21/10/08] enolase : i learnt these lessons the very hard way last year in my early

trading

[14:49:22 21/10/08] didi : believe me i now know d importance of risk management

[14:49:52 21/10/08] Stalion : if 1400 was like 2 to 5% of your total equity that you lost in

3 mins, then you wouldnt be that worried, would you?

[14:49:54 21/10/08] enolase : one thing i learnt from Stalion

[14:50:04 21/10/08] enolase : THERE ARE ALWAYS OPPORTUNITIES IN THE MARKET

[14:50:15 21/10/08] enolase : u miss one, wait. others will come

[14:51:51 21/10/08] didi : for u trades how much stop loss do u recomend

[14:52:11 21/10/08] Stalion : but the main challenges is Do You See Them and Take The Trade?

[14:54:29 21/10/08] didi : the problem now is after that loss i lost a lot of confidence and

i've only just started trading again.and all i do is scalp for 5 pips here and there

[14:55:39 21/10/08] Stalion : earlier this year, a 40 pip stop loss was fitting...but with

the recent volatility in the markets,price tends to move more...check the average range of a

candle stick bar, from high to low

[14:58:20 21/10/08] Stalion : so, now,placing stops at support and resistance areas are more

prudent,,,especially with recent price movements...

[15:07:46 21/10/08] fxjedi : so do we sell usdcad as it came out on 0.25 basis points, Stal?

[15:11:36 21/10/08] Stalion : not yet, jedi

[15:12:58 21/10/08] Stalion : we put a buy stop on USDCAD @ 1.2100....1st target @ 1.2150

[15:13:53 21/10/08] enolase : yes jedi

[15:13:58 21/10/08] enolase : not yet

[15:14:15 21/10/08] enolase : there is a dovish statement made by the BoC

[15:15:31 21/10/08] enolase : which will likely make the CAD pairs to follow recent trends

[15:15:38 21/10/08] Stalion : sl 1.2050

[15:16:38 21/10/08] enolase : order should be 15 pips in profit now

[15:23:44 21/10/08] Stalion : lets wait and see,enolase

[15:39:57 21/10/08] Stalion : there is resistance at the 1.2128 region

[15:41:47 21/10/08] Stalion : so remember guys, we have a sell pending order on the gbpusd

and a buy pending order on the usdcad...

[15:47:52 21/10/08] masif1 : thanks stal

[15:51:17 21/10/08] masif1 : uscad buy triggered

[17:34:15 21/10/08] masif1 : target hit!




[17:34:27 21/10/08] masif1 : 50pips made on the USDCAD

[17:34:53 21/10/08] masif1 : and still going up

[17:35:08 21/10/08] masif1 : damn i knew i should have put a trailing s/l

[17:54:24 21/10/08] masif1 : first target hit on the cable short!



[17:54:28 21/10/08] masif1 : 40pips made there

[17:54:35 21/10/08] masif1 : and still going down

[17:54:45 21/10/08] masif1 : damn wish i had traling s/l on that as well

[08:59:43 22/10/08] enolase : made $1500

[08:59:58 22/10/08] pipster1 : Very Good

[09:03:08 22/10/08] enolase : 1000 pips from Monday morning: that has been the story of the

GU move

http://news.yahoo.com/s/ap/20081022/...re/wall_street

[dubs07]

Whats up everybody...where is this chatroom located?

Much Love,

Dubs

[Forexgreenland]

[17:56:09 22/10/08] Stalion : First we put a sell stop on gbpusd @ 1.6090...1st target @

1.6050, 2nd target @1.5964
[09:47:23 23/10/08] Stalion : 1.6140 sl

are u saying i should pay for ur help?

Hi Xtravagant, am saying that if you are interested in procuring my services, I'd be glad

to help in your trading needs...It all depends on the VALUE percieved and derived...in this

case, how to make money from practical live trading and how you value the strategy to take

you there..Traders that ask questions or clarications on this thread are not paying for

anything because this forum and thread is free..
What I'm giving out freely on this thread, free alerts, free transcripts of live

conversations in forex trading rooms, free advice on trading strategies,psychology and money

management are all free..You hardly get these real life trading concepts from free resources

on the internet...neither on books in stores or ebay..
As a professional trader and forex mentor,I ask you.. what is your time worth? In 24 hours a

day, what time management principles are you adhering to? Do you give of yourself to so many

people and activities that you deplete and dissipate yourself in the process? Please read

the 80/20 Rule by Brian Tracy..and 7 Habits Of Highly Successful People by Steve Covey..

In essence, you dont pay anything here on this free and open forum...

a very interesting chat & screens
thx

Thanks, IndigoSun

Whats up everybody...where is this chatroom located?

Much Love,

Dubs

Hi dubs07, just google ''forexgreenland''..

Originally posted by martin01:
[QB] I hope this is the best place to discuss on forex and forex related tips and strategies

[/QB]

Hi Martin01..I sure hope so too...lol..

I like the idea of thinking about it from a psychological spin. Its

like everything in life - when your properly in focus, you can achieve almost anything. And

when your not - somertimes it seems like you'd be better off spending the rest of the day

under the covers - where you cant do any more damage!

Yea,hersko915, its all about focus...focus on your trading goals and objectives,which also

translates to life itself...but you sure cant do that when you are scattered all over the

place...or dissipating energy on low value activities or destructive tendencies..
You got an argumentative girlfriend?You cut her off..A nagging wife?Try your best to achieve

harmony and understanding with her..Like going for binge drinking regularly in bars and

pubs...No No...Like flaring off at every single percieved provocation? Chill..
Like you right said,Its all about focus, mon ami..

[19:10:17 23/10/08] Stalion : hi fellas

[19:10:45 23/10/08] Stalion : hope you guys took the 1st 40 pips of our gbpusd short order

[19:13:44 23/10/08] Stalion : since it looks like gbpusd is retracing upwards, we put a buy

stop on the cable @ 1.6170...1st target @ 1.6210..2nd target @ 1.6261...

[19:15:44 23/10/08] Stalion : sl @ 1.6100....take half profits when +20 pips in

profits..while shifting sl to entry point...

[19:20:54 23/10/08] Stalion : our sell pending order on cable still stands...

[Forexgreenland]

[18:28:57 22/10/08] Stalion : hi skipper

[18:29:33 22/10/08] Stalion : enolase

[18:30:14 22/10/08] enolase : oh yeah

[18:30:21 22/10/08] enolase : hi

[18:30:36 22/10/08] enolase : the market is range bound

[18:31:50 22/10/08] enolase : anyone trying to be a hero now will get bombed!

[18:33:10 22/10/08] enolase : masif, what u experienced is a classical case of greed

[18:33:40 22/10/08] enolase : if u had just taken what you got and went home for another

day, u would have been cool

[18:34:24 22/10/08] Stalion : hmmmm....

[18:35:40 22/10/08] Stalion : 1st picking was okay...den next move is to take half lot

first...then shift stop loss to entry point...with that, you are ''playing with house

money''..

[18:36:21 22/10/08] enolase : Stal, i wanted to ask

[18:40:19 22/10/08] enolase : do u take multiple positions? because i do not know how you

can close half lots from an existing trade?

[18:41:56 22/10/08] enolase : i would be glad if you can explain it to me

[18:54:59 22/10/08] Stalion : no probs

[18:56:09 22/10/08] Stalion : First we put a sell stop on gbpusd @ 1.6090...1st target @

1.6050, 2nd target @1.5964

[18:57:47 22/10/08] Stalion : if you are taking 1 minilot to trade, then taking half profits

means closing your trade at 0.5...then allowing the other half to stay for the next target

[18:59:06 22/10/08] Stalion : if it were 2 minilots(0.2), then you close your trade at

0.1(half profits), and allow the other half lot(1 minilot) to remain for the second target

[10:24:22 23/10/08] Stalion : price have been on a range since yesterday...so market is flat

for now

[10:29:14 23/10/08] enolase : hi everyone

[10:29:17 23/10/08] Stalion : our pending buy and sell orders still stands...remember to

take half profits when trade is on +20 pips ahead..then shifting sl to entry...standard risk

mgt procedure

[10:30:46 23/10/08] enolase : ok

[10:30:57 23/10/08] enolase : i have understood the explanation of yesterday

[10:41:46 23/10/08] Stalion : [17:56:09 22/10/08] Stalion : First we put a sell stop on

gbpusd @ 1.6090...1st target @ 1.6050, 2nd target @1.5964

[10:44:32 23/10/08] Stalion : hi skipper

[10:45:06 23/10/08] enolase : what is the stop loss for the second order?

[10:47:23 23/10/08] Stalion : 1.6140 sl

[10:48:09 23/10/08] masif1 : is that two alerts?

[10:48:19 23/10/08] masif1 : one for a buy and one for a sell?

[10:48:39 23/10/08] fxjedi : hi masif,yes two pending orders leftovers

[11:38:50 23/10/08] fxjedi : market's slow

[12:32:22 23/10/08] masif1 : it looks like a consolidating day today for the markets

[13:40:19 23/10/08] djcarlos : HI

[14:09:05 23/10/08] klho83 : hi

[14:14:11 23/10/08] djcarlos : I open position to USD/JPY

[14:18:19 23/10/08] djcarlos : HI pipster

[14:33:08 23/10/08] masif1 : short triggered

[14:37:03 23/10/08] masif1 : fist target hit



[14:37:07 23/10/08] masif1 : 40pips in the bag!

[14:37:18 23/10/08] masif1 : didnt get a chance to put a trailing s/l

[14:39:31 23/10/08] djcarlos : I was open USD/JPY and AUD/JPY

[14:41:47 23/10/08] djcarlos : Its having a sell rally

[14:58:05 23/10/08] Stalion : hope you shifted your sl to entry after first target was hit,

masif...

[15:05:08 23/10/08] masif1 : hi stal

[15:05:22 23/10/08] masif1 : didnt get a chance stal

[15:05:31 23/10/08] masif1 : just took the 40pips

[15:05:34 23/10/08] masif1 : happy with that

[15:06:09 23/10/08] masif1 : i have put a reentry but may take it off as don;t want to do

the same mistake i did yesterday - greed!

[15:58:04 23/10/08] enolase : Starcomms did me in again

[15:58:25 23/10/08] enolase : network went just as I placed 2 orders for EURUSD and GBPJPY

[15:58:53 23/10/08] enolase : only for the network to return and I found that after being

almost 50 pips in profit in both, the price retraced on me

[15:59:04 23/10/08] enolase : but i can make do with the GU short

[15:59:39 23/10/08] enolase : i seriously have to consider either Reltel or Visafone

[16:00:27 23/10/08] djcarlos : I open bad orders in USD/JPY and AUD/JPY,

[20:10:17 23/10/08] Stalion : hi fellas

[20:10:45 23/10/08] Stalion : hope you guys took the 1st 40 pips of our gbpusd short order

[20:13:44 23/10/08] Stalion : since it looks like gbpusd is retracing upwards, we put a buy

stop on the cable @ 1.6170...1st target @ 1.6210..2nd target @ 1.6261...

[20:15:44 23/10/08] Stalion : sl @ 1.6100....take half profits when +20 pips in

profits..while shifting sl to entry point...

[20:20:54 23/10/08] Stalion : our sell pending order on cable still stands...

[22:31:52 23/10/08] Stalion : target hit at a high of 1.6263, 2 pips away from our 2nd

target of 1.6261..



[22:32:49 23/10/08] Stalion : shift stop loss to entry while putting a trailing stop on

price...from now, we are ''playing with house money''..

[23:09:26 23/10/08] fxjedi : hi stal, my 25 pip trailing is on,any idea on 3rd target?

[23:09:55 23/10/08] Stalion : 3rd target @ 1.6315

[23:10:19 23/10/08] Stalion : hi skipper

[23:11:01 23/10/08] fxjedi : okay

[23:15:09 23/10/08] fxjedi : geez,3rd target hit



[23:16:08 23/10/08] skipper : Hi stalion - I always seem to just miss you

[23:18:30 23/10/08] Stalion : sorry,man...being quite busy for a while

[23:19:37 23/10/08] fxjedi : should we be looking for a 4th target,stal?sorry if i'm been

greedy,lol

[22:21:54 23/10/08] Stalion : just keep your trailing stop on...like am doing...if there's

gonna be a 4th target, its going to get to 1.6390...after breaking resistance at 1.6346

[22:22:32 23/10/08] fxjedi : Black Friday!!

[22:23:09 23/10/08] skipper : stalion - whats the difference in pips between current price &

your trailing stop

[22:23:32 23/10/08] skipper : I always screw up trailing stops - too wide or too tight!

[22:26:01 23/10/08] Stalion : well, dats another lesson you can chalk in to ur trading

experience,skipper...a 15 to 35 pip trailing stop loss is okay...

[22:26:03 23/10/08] Stalion : brb

[22:27:44 23/10/08] skipper : thanks

[22:29:01 23/10/08] djcarlos : I, today was the worse day for me... I was lost

http://news.yahoo.com/s/ap/20081024/...re/wall_street

[Forexgreenland]

F##k you Stallion
Hey
F##K YOU!
B.S


help wanted
dear stallion,
I would like just to check with you if do you offer any monthly
subscription to your service,because I am realy exited to be one of
your friend, and it doesn't mutter how much you are going to charge me
per month, and thank you in advance. I look forward to hear from you
again.
N

Mastery Coaching Program
Hello Mr.Stallion.I'd like to know few more detals about your Mastery Coaching Program.I

drained my account 4 times.Nothing huge but I still feel the pain.It's not funny ! This is a

hard business to do if you do not know what you are doing.I do not want to fail anymore.I'm

doing OK right now with my MiniAcc,but I need to know from professional Forex Trader like

You how I can be one of the best?I do not trust to any those forex gurus,none of them helped

me and I've pay too mutch for their services,all useless.I'd like to learn from you how to

win in the currency markets.Do I have to be at home all day long to try yours one week

intensive forex programe?I have day job 8 AM to 6 PM EAST time.I live in Canada and only can

trade London open session.You are really right about this one,this is Art and Science of

trading.I see how you are doing this but I do not understand that.Please let me know more

detals about your service.Thank You.
Regards,J K
iCanada






[09:42:45 24/10/08] Stalion : Helloo everyone

[09:43:21 24/10/08] djcarlos : HI everyone from Chile in the end of the world 5.32 am here

[09:44:53 24/10/08] klho83 : helloo stal

[09:46:06 24/10/08] fxjedi : Diod you get the text alert yesternight,Kloh83

[09:30:20 24/10/08] fxjedi : am almost 200 pips in profits

[09:32:58 24/10/08] masif1 :damn i missed the long call last night

[09:33:15 24/10/08] Stalion : yes I sent out a short call on the cable last nite..anyone

that got it should write it out

[09:33:20 24/10/08] masif1 : how many pips did I miss?

[09:33:48 24/10/08] masif1 : also whay are all the currencies dropped?

[09:34:05 24/10/08] masif1 :BIG TIME! this morning

[09:36:27 24/10/08] klho83 : i got with pips.thanks stal

[10:40:58 24/10/08] fxjedi : okay here's what i got,we put a sell stop on gu @ 16215, 1st

target @ 16170, sl @ 16291,take half profits wen 20 pips ahead, den shift sl to entry

[09:42:07 24/10/08] fxjedi : and lucky me, the other pending sell order you said still

stands kicked in,having like 2 minilots with a trailing stop on,very nice, thanks stal

[09:45:13 24/10/08] masif1 : whoever took that call would be +700 pips by now

[09:46:55 24/10/08] masif1 : damn damn damn i missed another one!

[10:00:58 24/10/08] Stalion : cool

[10:01:05 24/10/08] fxjedi : i think i should jus go back to bed and sleep, stallion, am

feeling dizzy,lol

[10:02:39 24/10/08] masif1 : fxjedi you could retire for the whole month of nov from this

call alone

[10:02:55 24/10/08] masif1 : well done guys

[10:03:21 24/10/08] masif1 : by the way, anyone know what happened?

[10:04:06 24/10/08] Stalion : not sure,masif...just followed my technical analysis..and

voila..another one bites the dust..

[10:05:09 24/10/08] fxjedi : lol stal, in this crazy market, you make it seem so easy,dont

you think of volatility?

[10:06:22 24/10/08] Stalion : I do, man...but I follow my trading plan...and plan my

trading..

[10:06:49 24/10/08] Stalion : did you put a trailing stop on your cable short, K?



[10:15:44 24/10/08] skipper : morning- looks like you had a good night!

[10:16:15 24/10/08] djcarlos : Hi Stal,06.14a.m in chile, still in bed

[10:17:01 24/10/08] fxjedi : lol,dats the understatement of the day,we had a wild night!


[10:19:38 24/10/08] didi : morning stal.u guys have good trades this week,unfortunately

didnt take part in any,
[10:20:11 24/10/08] klho83 : No.it too fast to reach first target and hit all


[10:25:44 24/10/08] Stalion : Hi enolase

[10:27:16 24/10/08] Stalion : to be on the safe side, we put a sell stop on gbpusd @ 1.5430,

1st target @ 1.5390..stop loss @ 1.5514

[10:30:01 24/10/08] enolase : helloo all
[
10:33:22 24/10/08] klho83 : too fast hit the target !



[10:34:01 24/10/08] djcarlos : nex target???

[10:35:02 24/10/08] Stalion : Always remember yourtrailing stops!

[10:36:17 24/10/08] Stalion : 1.5220

[10:37:10 24/10/08] Stalion : this is real time trading, guys..no gimmicks..no fluffs..you

jus gotta be fast in intraday trading..

[10:38:45 24/10/08] didi : is it too late to enter the trade? was away for a while

[10:40:58 24/10/08] fxjedi : dunno

[10:41:47 24/10/08] didi : stal what do u think

[10:43:14 24/10/08] klho83 : Please send me text,I will away for an hour .thanks Stal..

[10:43:28 24/10/08] Stalion : Dont Catch Falling Knives

[10:43:53 24/10/08] skipper : Good call Stalion - took the signal - trailing stop on

[10:43:59 24/10/08] klho83 : if there is a trade signal..

[10:45:05 24/10/08] Stalion : you could put a sell stop at 1.5260...didi...

[10:45:11 24/10/08] Stalion : okay, K

[10:47:13 24/10/08] fxjedi : Minute chart will be like daychat...as i expected...Whats new to me is that 10 second chart is soon like daychart

[10:49:21 24/10/08] Stalion : lol...thats volatility for you, mon ami..

[10:50:01 24/10/08] Stalion : yeah...and due to huge volatility nowadays, a 40 pip stop loss is history...

[10:50:14 24/10/08] Stalion : thats where risk mgt comes in..

[10:51:22 24/10/08] Stalion : you gotta use micro lots, if possible, in order to accomodate our larger stop loss,so as to be able to fall within the 2 to 5% risk range

[10:52:42 24/10/08] fxjedi : Anyone else experiencing heart palpitations? LOL

[10:52:59 24/10/08] fxjedi : if the ranges get any bigger on my toy, I'm going to need new reading glasses to see the numbers

[10:55:04 24/10/08] Stalion : lol

[10:55:56 24/10/08] Stalion : assuming you have a 500 dollar account...what is 2% of 500 dollars,didi?

[10:56:40 24/10/08] didi : 10

[11:01:07 24/10/08] didi : am i right stal

[11:02:24 24/10/08] Stalion : that 2% is what makes you last 50 times in ur 500 dollar account in case of a losing streak...at $10 risk per trade, it falls within that range..

[11:03:30 24/10/08] Stalion : so in order to accomodate an 100 pip sl, you need not 1 minilot...but 1 micro lot..

[11:04:48 24/10/08] didi : how much is 1 micro lot

[11:08:35 24/10/08] fxjedi : i think 1 standard lot is $10, 1 minilot is $1, and 1 microlot is $0.1

[11:10:03 24/10/08] Stalion : something like that,jedi...depending on the curency pairs...

[11:11:28 24/10/08] Stalion : so,didi...i know you might think microlots are small..but

remember forex is not a get quick rich scheme..a $100 profit in 3 mins on a $500 account

sounds sexy in

[11:12:36 24/10/08] Stalion : trading...but a $100 loss on a $500 account doesnt...that means you have only 4 trades to go,if on a 100 dollar stop loss...

[11:15:03 24/10/08] Stalion : see what I meant by not catching falling knives?if you had entered at that time you said you wanted to, price has now retraced upwards like 200 pips..but placing a sell stop at 1.5260 would be more prudent

[11:31:42 24/10/08] fxjedi : trailing stop cancelled out

[11:35:11 24/10/08] masif1 : lol

[11:35:20 24/10/08] masif1 : catching falling knives!

[11:35:34 24/10/08] masif1 : very good metaphor

[14:47:08 24/10/08] Stalion : hope you guys made some money from our short gu call...though it hit target lightening fast, it was all good..

[14:48:22 24/10/08] Stalion : so we see price moving up, so we put a buy stop on GBPUSD @ 1.5688, 1st target @ 1.5755, 2nd target @ 1.5830...3rd target @ 1.5905

[14:49:13 24/10/08] Stalion : stop loss @ 1.5589..remember ur trailing stops and take half

profits when +20 pips ahead

[14:51:24 24/10/08] fxjedi : thanks for the sms,stal,1st target just hit

[14:57:12 24/10/08] djcarlos : hey, i dont see this alert

[14:57:18 24/10/08] djcarlos : saw

[14:57:38 24/10/08] djcarlos : can i enter now???

[14:59:17 24/10/08] fxjedi : am not sure,djcarlos,i got my alert some fifty minutes ago,so

my buy stop was already in

[15:01:14 24/10/08] djcarlos : ok thank, I was enter, and i exit whith 15 pips jeje thanks

[15:01:16 24/10/08] masif1 : damn another call i missed!

[15:01:35 24/10/08] masif1 : that's 3 very profit making calls today which i missed Sad

[15:02:38 24/10/08] fxjedi : sorry

[15:04:01 24/10/08] fxjedi : i only wonder how stallion does it,everywhere in

chaos,volatility breaking up traders accounts,but this guy is busy declaring profits

consistently,funny

[15:04:04 24/10/08] djcarlos : How can I get a SMS???

[15:04:50 24/10/08] fxjedi : 2ndtarget hit



[15:08:51 24/10/08] klho83 : Closed 135pips for the 3rd target!

[15:08:59 24/10/08] djcarlos : now is going down, catch the knife???

[15:09:48 24/10/08] klho83 : Best trade for the week! Thanks Stal!

[15:10:50 24/10/08] djcarlos : How can I get sms?? to dont miss other alert?

[15:13:16 24/10/08] fxjedi : 3 winning trades in a row in just 1 day? thats a HATRICK

[15:14:12 24/10/08] djcarlos : jaja congratulations

[17:20:19 24/10/08] fxjedi : am withdrawing some of my profits from my forex broker first

thing monday morning

[17:22:19 24/10/08] djcarlos : nice

[17:27:39 24/10/08] fxjedi : just dont want to tempt my broker,lol

[17:28:56 24/10/08] djcarlos : ok. thanks

[20:24:06 24/10/08] Stalion : 3rd target finally hit




http://news.yahoo.com/s/ap/20081024/...re/wall_street

[Forexgreenland]

Helloo Folks,
We thank God for bringing us to the begining of another brand new week and we give Him the

glory in ALL things..

Our last target on Friday (1.5905) was finally hit, which in itself , was the 60% SELL

WINDOW of the previous trend..I know..I know...everyone says we should sell during price

rallies( rise) when the trend is down but we bought...and 217 pips came out of that

decision.
Now as the time of writing,(5.50 GMT Sunday), price on the GBPUSD 15min closed on Friday

with a bearish candle..
Observe that that close(1.5903) was at the region of the 60% SELL WINDOW, which usually

foretells a turnaround in price...which, in this case, pausing from its prevailing uptrend

to a much probable downtrend.
But the question is ''HOW FAR IS PRICE GOING ON ITS PERCIEVED BEARISH MOVEMENT?
We've, to a considerable extent, determined the direction of GBPUSD on the 15 minute chart,

as bearish...so now, we are looking at HOW FAR this bearish move might likely go..That is

the essence of the CHART PATTERN RECOGNITION AND PRICE PROJECTION STRATEGY.
That , my friends, is what we term the ''60% Beethoven Cantata in B Major''..
Those numbers, 1-2-3 was observed to continue and recur upwards in the prevailing

uptrend...so we extrapolate them on our next anticipated downtrend...



High=1.6326-Low 1.5262=0.1064
0.6*0.1064=0.06384(range)
1.5262+0.06384=1.5900 ( 60% sell window).

high 1.5943 - low 1.5747= 0.0196
0.6*0.0196=0.01176(range)
1.5747+0.01176=1.5865(60% window) 1st target to the downside..

2nd target @ 1.5666...3rd target @ 1.5523....

In less than 4 hours from now, the forex markets will open, with the Asian Session leading

the pack..Only time would tell if our targets are hit...Remember there's no 100% perfection

in the markets..Anything can happen..thats why proper risk management is important..
Proper money management dictates we fix our stop loss above the high of 1.5943, when going

short(selling).tHats like 40 pips above the close of 1.5903.
A bearish gap to the downside might also likely form at the opening bell which shows

oversold orders pouring in the markets..
Please feel free to make any comments or ask questions..

[Forexgreenland]

Dont you think price breaking through the pretty strong resistance

at approx. 1.59 is a bullish signal and send the pair up when they open first? I dunno, just

wondering, I bought at 1.59 and have a target of 1.595 and I dont see how the last high on

friday of 1.5933 has any sigificant resistance.

Hi willabala, thanks for your constructive criticism...well, the last high on friday of

1.5933 is a significant resistance because it is the current MAJOR HIGH...Price needs to

break above that level to confirm a bullish trend. Can you please tell us your reasons for

going long at 1.59?



This is like a case study of different traders with different bias (long and short).. At

that 1.59 level, you were in favour of a buy position while I was in favour of a sell

position..For me, that level was SELL WINDOW in which my bias would be short...Even if I

want to go long, I would have gone for the first pyschological level @ 1.5940...which gave

strong resistance,before price started retracing downwards..1.595 would be pushing it when

price is already giving signals its overbought and at the sell window..
Well, we all learn everyday,mon ami..

Can you tell us the reasons you took a long trade instead of a short,willaballa?Did you

notice the bearish gap?

Hi Forexgreenland,

Glad to hear from you and welcome to the community. Thanks for sharing your thoughts and

price targets here it looks like they were all hit and then some.

Best Regards
Dave

Thanks,Dave...you were right...the price targets were hit some hours after the ''Beethoven

Cantata In B Major'' call...extra 200 pips were left hanging on the table..

Greetings Mystikal,

your call was the sweetest beethoven classic av ever heard,with avanlanche of pips

[08:17:17 27/10/08] klho83 : Hi stal

[08:20:45 27/10/08] Stalion : Hi K

[08:21:14 27/10/08] Stalion : morning agba...monkeymagic

[08:21:26 27/10/08] monkeymagic : hi stalion

[08:22:46 27/10/08] Stalion : hope you guys took our short call yesterday...from

1.59...price went down a huge drop by +400 pips..

[08:23:56 27/10/08] monkeymagic : I have been following recent activites & keen to get

involved

[08:24:22 27/10/08] monkeymagic : don't really know what I'm doing though

[08:24:40 27/10/08] Stalion : cool

[08:25:11 27/10/08] Stalion : how long've you been trading?

[08:25:43 27/10/08] monkeymagic : I've been running a demo account and tried a couple of EAs

[08:25:57 27/10/08] monkeymagic : no live stuff yet

[08:29:28 27/10/08] Stalion : we put a sell stop on GBPUSD @ 1.5426...1ST TARGET @

1.5370...2nd target @ 1.5305...3rd target @ 1.5260

[08:29:51 27/10/08] Stalion : okay...

[08:30:07 27/10/08] monkeymagic : sounds good

[08:32:23 27/10/08] Stalion : any strategy that ur using presently?

[08:32:55 27/10/08] monkeymagic : no

[08:33:08 27/10/08] monkeymagic : Im pretty green at trading

[08:34:05 27/10/08] monkeymagic : this might be a silly question - but do you have to do

three different order for the targets

[08:35:06 27/10/08] Stalion : well, no question is silli,mm...especially in trading..

[08:35:41 27/10/08] Stalion : for 3 targets, you close a third (1/3) of your original

position

[08:36:02 27/10/08] Stalion : for 2 targets, you close half of original positions...

[08:37:30 27/10/08] monkeymagic : great thanks for that

[08:48:20 27/10/08] klho83 : Hi stal Where is the SL for GU

[08:48:22 27/10/08] Stalion : sell stop triggered

[08:50:05 27/10/08] Stalion : stop loss @ 1.5500

[08:51:04 27/10/08] klho83 : Thanks !

[08:56:05 27/10/08] skipper : Morning everyone

[08:56:43 27/10/08] Stalion : please take a third(1/3) profit when +20 pips ashead...

[08:57:00 27/10/08] Stalion : and shift stop loss to entry point



[13:08:20 27/10/08] Stalion : so skipper, how long have you been trading? 2yrs?

[13:09:07 27/10/08] skipper : Hi Stalion - just over a year now & it's been a bumpy ride.

[13:09:43 27/10/08] djcarlos : I have been 3 years, but I was lost in 2 times... but now

with the alerts... im going well

[13:13:32 27/10/08] Stalion : what are the particular challenges you guys are facing in

trading???where would you like to become better?

[13:14:19 27/10/08] skipper : I have trouble deciding on entry points.

[13:14:41 27/10/08] skipper : I seem to have the right idea, but always a bit early in.

[13:15:16 27/10/08] skipper : But I am getting better - just have to be more patient

[13:16:18 27/10/08] Stalion : Timing of entries is one of skipper's challenges...like every

other trader...

[13:16:29 27/10/08] Stalion : dj?

[13:16:32 27/10/08] enolase : Fibonacci is something I would really want to learn

[13:16:48 27/10/08] enolase : so as to be able to get in on retracements

[13:16:56 27/10/08] Stalion : enolase?

[13:17:03 27/10/08] Stalion : ohh,okay

[13:17:37 27/10/08] enolase : Friday was one of the few times i was able to plot and enter

at 38.2 retracement on EURJPY that gave me80 pips in profit

[13:18:08 27/10/08] enolase : but i have never been able to determine properly where to

start the plotting of the Fibo lines from

[13:18:18 27/10/08] enolase : using my chat software

[13:18:39 27/10/08] enolase : sorry i mean using my MT4 chart Fibo tool

[13:20:37 27/10/08] enolase : if i can determine exactly where to start the plotting from so

one can re-enter on a 50% or 61.8% Fibo retracement level, it will really enhance my trading

[13:26:43 27/10/08] Stalion : fibo's not that hard,enolase...but it will take a little time

before you can get used to practicing it

[13:39:13 27/10/08] Stalion : djcarlos...? any forex challenges or problems you want to

overcome?

[13:41:07 27/10/08] djcarlos : yes, I want to start to learn about ways to determine entry

points... in technical and fundamental analisis

[13:42:10 27/10/08] skipper : same here

[13:42:45 27/10/08] djcarlos : I have the knowledge, but i must practice

[13:43:55 27/10/08] enolase : Stal, do we have a potential double bottom forming on the 1hr

chart of EURJPY?

[13:48:51 27/10/08] enolase : and what is this talk of a Yen Intervention?

[14:01:37 27/10/08] Stalion : yea...practice makes perfect,dj

[14:02:27 27/10/08] Stalion : even with all d knowldge and skills in ur disposal,if you dont

practice daily, its wasted..

[14:04:45 27/10/08] Stalion : sorry, mate....that double top on the EURJPY looks weak...kind

of sliding price down to the right

[14:05:01 27/10/08] enolase : yes

[14:05:44 27/10/08] djcarlos : thanks........ Im looking Eur/Jpy chart, and it could be

interesting sell order.... what do you think???

[14:06:54 27/10/08] enolase : of course there are rulesfor entering based on double top:

placing a pending order at the "neck"

[14:07:00 27/10/08] enolase : the neck is still over 300 pips northwards

[14:09:21 27/10/08] Stalion : it would have been a 1-2-3 bottom but the recent low at 9 a.m

this morning breached the previouslow that was there at 113.77

[14:17:28 27/10/08] Stalion : price is moving rather slow...

[14:21:21 27/10/08] Stalion : I suggest a break ...from the screens...we come back in a

hour's time or so...so we put a sell stop @ 113.60...1st target @ 113.10..on the

EURJPY...GBPUSD has more upside momentum than EURJPY...yen is just lagging behind...

[14:22:21 27/10/08] Stalion : maybe cable might give yen some added lift?

[14:28:09 27/10/08] Stalion : a breach above the high of 116.83 would foretell a bullish

move

[14:30:28 27/10/08] Stalion : cool

[14:31:30 27/10/08] Stalion : that could mean the formation of the 1-2-3 pattern

[14:36:43 27/10/08] djcarlos : its ready the entry order

[14:36:55 27/10/08] djcarlos : im waiting

[15:18:31 27/10/08] Stalion : We also put a pending buy stop order on EURJPY @

117.10,1sttarget @ 118.00, 2nd target @ 118.95...3rd target @ 120.53...stop loss @116.10

[15:19:02 27/10/08] Stalion : this ensures we catch any surprise bullish move to the north

[15:54:12 27/10/08] enolase : hi people

[15:55:42 27/10/08] djcarlos : Hi did you see the alerts??

[15:56:53 27/10/08] enolase : yes

[15:56:58 27/10/08] enolase : the GU trade has triggered

[15:57:55 27/10/08] enolase : so we watch it

[15:58:58 27/10/08] skipper : Missed the alert - where was it?

[16:00:28 27/10/08] djcarlos : Enolase... you will open the GU alert again??

[16:00:33 27/10/08] skipper : sorry - being stupid - I did see it!

[16:00:40 27/10/08] skipper : Have short on

[16:06:20 27/10/08] enolase : The ECB President has just hinted on a rate cut at the next

meeting!

[16:07:42 27/10/08] djcarlos : what that means???

[16:07:52 27/10/08] djcarlos : GU is going down??

[16:19:31 27/10/08] enolase : we got stopped out

[16:20:02 27/10/08] enolase : and the market seems headed in a range bound direction. so i'm

taking a break

[16:26:34 27/10/08] djcarlos : mmmm i was open again the alert... bad idea..

[18:45:17 27/10/08] djcarlos : HI good news 1st target of 118.00 was hit.... thanks Stal 100

pips in the badge

[23:37:50 27/10/08] Stalion : cool,djcarlos

[23:39:11 27/10/08] Stalion : 377,44,and 90 pips netted us a total of 511 pips,$511

minilot..$5110 standard lot on Monday

[Forexgreenland]

Forexgreenland, I went long at 1.59 due to the break above the

resistance at about 1.5890. I guess I really had my target to high for 50 pips at 1.5950,

really only 30 pips is what I was going to go for and had set limit to 1.5930 and then

changed it. It's all good with me though I got out of that with with a small 30 point loss,

and then made 90 pips last night so up 60 for yesterday. I'm still a little doofed on what

position to take at this moment, no idea.

Hi willaballa,that means there was nothing wrong with your entry at 1.59 due to a break of

resistance at 1.5890...it was just a challenge of targets and exits,dats all...Like you

rightly said, 30 pips is okay for a trade,especially if you multiply it by multiple lots..2

minilots would be like 90...4 minilots like 120...
You just need to believe more in yourself and your strategy in order to have the confidence

to make successful trades...Its only a matter of time...you'll get there,as long as you

strive to be better than who you were yesterday..
As I write, the next alert is on the last segment of the chat..

P.s- Trading is not 100% perfect neither is it cast in brick and mortar...price might still

go down instead of up, so please use proper risk management.

Hi Sylvester! I`m new in the market, so I'd like you to tell me what book,publication or

website you suggest me to readr. Thank you , greeting from Argentina!!!

Helloo Mauro...Howz Beunos Aires and your fellow gauchos in the pampas? You rock,amigos...
Well, if you are looking for forex resources, you can check at babypips for some

introductory stuff...Then maybe go through Technical Analysis of the Financial Markets by

John J Murphy, and the Candlestick Course by Steve Nison..That should help for a start..


[08:25:01 28/10/08] monkeymagic : morning skipper

[08:56:28 28/10/08] skipper : morning everyone

[08:59:18 28/10/08] monkeymagic : hows everyone going with their trading?

[09:00:25 28/10/08] djcarlos : HI everyone from chile, 05:00 here

[09:01:00 28/10/08] monkeymagic : djcarlos - you must be keen

[09:02:00 28/10/08] monkeymagic : its 9.00pm in New Zealand

[09:02:42 28/10/08] skipper : 8am UK - any alerts today guys?

[09:03:32 28/10/08] monkeymagic : I haven't seen any

[09:05:44 28/10/08] djcarlos : somebody wake up me when the alert is ready

[09:05:56 28/10/08] monkeymagic : lol

[09:06:00 28/10/08] djcarlos : jeje

[09:09:53 28/10/08] Stalion : helloo everyone..

[09:10:00 28/10/08] skipper : morning stal

[09:10:25 28/10/08] djcarlos : good night yet here jeje!

[09:10:44 28/10/08] klho83 : hi gm all!

[09:11:38 28/10/08] Stalion : hope you'all had a good night rest.....

[09:12:34 28/10/08] Stalion : did anyone take the EURJPY trade yesterday?

[09:13:10 28/10/08] skipper : yes - thanks

[09:13:31 28/10/08] klho83 : No

[09:14:03 28/10/08] monkeymagic : that would have been in the middle of the night for me

[09:14:19 28/10/08] Stalion : we put a buy stop on the GBPUSD @ 1.5570...1st target @

1.5618..

[09:15:56 28/10/08] Stalion : 2nd target @ 1.5668...sl @ 1.555520

[09:16:19 28/10/08] Stalion : sory, 1.5520

[09:16:50 28/10/08] skipper : OK Stal

[09:18:25 28/10/08] Stalion : [15:18:31 27/10/08] Stalion : We also put a pending buy stop

order on EURJPY @

[09:18:36 28/10/08] Stalion : 117.10,1sttarget @ 118.00, 2nd target @ 118.95...3rd target @

120.53...stop loss @116.10

[09:19:32 28/10/08] Stalion : 343 pips total was made again, on EURJPY...if your buy stop

was in place



[09:22:16 28/10/08] skipper : OK Stalion - Than you

[09:22:40 28/10/08] djcarlos : Hit first trget GU.. its ll going up???

[09:22:49 28/10/08] Stalion : 1st target hit @ 1.5618 on the gbpusd...



[09:24:15 28/10/08] klho83 : 50%

[09:26:00 28/10/08] Stalion : am sorry it went too fast

[09:26:36 28/10/08] Stalion : you can reenter if you didnt get the 1st chance

[09:27:06 28/10/08] djcarlos : its falling

[09:27:15 28/10/08] Stalion : can klho83 explain how he allocates percentages to his

minilots??

[09:28:26 28/10/08] Stalion : then reenter with a buy stop at 1.5580

[09:28:58 28/10/08] Stalion : coz price will still move up, under normal market conditions

[09:30:59 28/10/08] klho83 : 4 mini lots. 2 (50%) set at 1st target,1(25%) set at 2nd target

and last 1(25%) 3rd target with trailing

[09:41:42 28/10/08] Stalion : thanks, K

[09:42:38 28/10/08] klho83 : Add 2 minilots at the entry pts ,hit again

[09:42:44 28/10/08] Stalion : cable proceeding steadily upwards to our 2nd target

[09:44:19 28/10/08] Stalion : Eno was right...the double bottom on the EURJPY was an

accurate one...

[09:51:22 28/10/08] Stalion : did you enter our gu trade?

[09:51:51 28/10/08] skipper : yes - thanks

[09:52:28 28/10/08] skipper : & have made the entry order on EUR/JPY

[09:52:29 28/10/08] Stalion : no probs....

[09:52:35 28/10/08] Stalion : kiwi??

[09:52:46 28/10/08] skipper : looks like cable is coming down now

[09:53:26 28/10/08] skipper : but pips from 1st target in the bag!

[09:54:31 28/10/08] Stalion : after price gets to 1st target or even just +20 pips in our

favour, we then adjust our stop loss upwards to our entry level point...dat ensures we get

out with little or no loss when price retraces against our position....remember half profits

would have been taken then

[09:54:44 28/10/08] monkeymagic : I tried to make trade - but got an error

[09:55:29 28/10/08] skipper : Yes - I moved sl to entry - so not losses!

[09:57:14 28/10/08] djcarlos : GU it still going up???? because i dont get the pips of 1st

target

[09:57:14 28/10/08] skipper : OK - closed out now

[09:58:14 28/10/08] Stalion : the EURJPY call was for yesterday....skipper...price needs to

drop down to 116.83 before going back upwards...

[09:58:50 28/10/08] Stalion : did you factor that info in with our original entry order on

the EURJPY?

[10:00:46 28/10/08] skipper : Stal I have adjusted pending buy order accordingly. Thanks for

checking!

[10:01:52 28/10/08] djcarlos : waht is the new entry @ for eur???

[10:04:37 28/10/08] Stalion : it might be better to put a buy limit on the EURJPY @

116.83...OR wait for price to breach 116.83 first before placing a buy stop on it....sl

@115.85

[10:05:26 28/10/08] Stalion : or just stick with our original entry point of yesterday

[11:55:23 28/10/08] djcarlos : Klho83 I have a question, if the SL if far than 1st target,

the loose 50% it will make a lost position

[12:03:09 28/10/08] skipper : dj when 1st target is hit - move sl to breakeven for the

remaing 50% of your trade.

[12:03:25 28/10/08] skipper : That way you bag the money on first target

[12:03:43 28/10/08] skipper : then if you let the rest of your trade run, you can not go

wrong

[12:04:32 28/10/08] skipper : worst case scenario - you have profit from 1st target getting

hit - then market moves in opposite direction & your stop gets hit at zero.

[12:04:44 28/10/08] djcarlos : ahh!! ok if I hit the first target, i would have move my SL

to the hit... ok thats good

[12:05:13 28/10/08] skipper : No don't move sl to hit - move sl to entry point

[12:06:16 28/10/08] djcarlos : ok sorry... yo entry point... thanks it very good technics

[12:06:42 28/10/08] skipper : ok - it works well

[12:09:04 28/10/08] djcarlos : what do you think for the cable to Eur/Jpy.... its will be

had results??

[12:10:27 28/10/08] skipper : I only study cable - CBI results just out were better than

expected - very surprising

[12:11:19 28/10/08] skipper : although they haven't caused any movement as such

[12:17:48 28/10/08] caprica1 : morning everyone. How goes it?

[12:19:37 28/10/08] skipper : I re-entered on the cable long & got 100 pips - thanks stal!

[12:37:51 28/10/08] caprica1 : Anything for this morning so far?

[12:41:05 28/10/08] klho83 : Yes, GU hit all target!



[12:43:27 28/10/08] caprica1 : kool! Plenty of pips then?

[12:43:40 28/10/08] klho83 : Another pending order but i don't think to EJ wu come to the

price:

[12:44:01 28/10/08] djcarlos : congratulation, i had a mistake and dont win

[12:44:02 28/10/08] klho83 : EURJPY @ 116.83...OR wait for price to breach 116.83 first

before placing a buy stop on it....sl @115.85

[12:47:21 28/10/08] caprica1 : yeah it's quite long way away from the entry at the moment.

[17:41:47] Stalion : hope you made some money off our gbpusd and eurjpy call?

[17:43:22] Stalion : we put a buy stop on GBPUSD @ 1.5620...1st target @ 1.5655...2nd target

@ 1.5670

[Forexgreenland]

Thank You Very much for share this interesting Strategy.
Btw Can you help me with this :

"high 1.5943 - low 1.5747= 0.0196
0.6*0.0196=0.01176(range)
1.5747+0.01176=1.5865(60% window) 1st target to the downside.."

From where you pick it up 1.5747 ?

Thank you before that. Nice Strategies i like it, Simple System like this because i now

simple is better & more profitable.

All The Best;

Manus168

Re:Keeping It Simple Smarty(KISS) is a great way of becoming better and profitable in

trading,especially when you dont clutter your charts with a map of indicators and

objects,Manus...1.5747 was the low of that trend, which was subtracted from the high of the

trend.Thanks, mon ami...


Submitted by Qais on October 27, 2008 - 15:21.

Hello,

I just caught a glimpse of the above article and I would like to thank you for such a simple

& lucent summary of what trading is all about.
You have indeed put it in a nutshell.
May God reward you for your kindness and goodwill.

Grace & Peace
Qais


Re:Thanks,Qais...Just continue 'glimpsing' the thread and more insights shall come..May The

Force Be With You..


Hi Mr. ForexGreenland,
I was reviewing your input at the Informed Trades Website and was very impressed with your

contribution.
I started Forex this year using the algorithms of the red and green lights and losing.
Lately I became curious and encouraged to attempt learning candlestick reading and the

variables that go along with it. I am writing to get help from you to stir me on the right

course at the start. Don't want to get into bad habits. Could you send me some beginning

basic information and or videos that helped you.

Thanks,

Karen

Re: From your mail,Karen, you give the impression of being a left brained trader, with words

like ''algorithm,variables,etc..''standing out in your comments.. You see, a left brain type

is stronger with figures,analytics,etc,while a right brained type is more in tuned with

words,abstracts,etc..
The candlestick reading involves identifying, interpreting and taking advantage of chart

patterns, in which it is quite subjective..like 2 different traders coming across a chart

pattern and reaching different conclusions..this is more discretionary trading than

mechanical..
anyways,to avoid bad habits, you strive to do the opposite of that which you term ''bad

habits''...for Nature habours a vacuum...like if you are fond of placing trades without a

stop loss, then you do the opposite and fix your stops while placing your trades,etc..
to be sincere,what helped me along the terrain of this frontier were books/videoes that were

bought...AND practiced. You can read all the books and videos on golf,but ..if you are not

applying them on the fields or trenches, they might not do much in effectiveness to making

you a top player in the Grand Slam...so tell me...What is your objective...in trading?

[17:41:47 28/10/08] Stalion : hope you made some money off our gbpusd and eurjpy call?

[17:43:22 28/10/08] Stalion : we put a buy stop on GBPUSD @ 1.5620...1st target @

1.5655...2nd target @ 1.5670

[18:02:34 28/10/08] djcarlos : !!!!!!!! Shocked what happen with GU..... extreme fall

[18:21:03 28/10/08] masif1 : s/l?

[18:21:53 28/10/08] djcarlos : did you know that GU was fall???

[18:22:11 28/10/08] djcarlos : Stalion said???

[19:10:22 28/10/08] djcarlos : GU entry was hit

[19:22:10 28/10/08] djcarlos : cheers 1st target hit

[19:22:57 28/10/08] djcarlos : 2nd target too .... Thanks Stal... good trade

[01:34:09 29/10/08] Stalion : well done, djcarlos...we did it again

[01:35:10 29/10/08] Stalion : though we made 50 pips, $50 minilot,$50 standard lot on the

GBPUSD...



[01:38:06 29/10/08] Stalion : funny though...we were going for 50 pips off the Buy Window,

instead 400 pips were made

[01:38:22 29/10/08] Stalion : or more...

[01:43:02 29/10/08] Stalion : so as at 1a.m this wednesday morning,price has made a new high

@ 1.6113 but retracing slowly downwards.......so where is it going?

[01:43:29 29/10/08] Stalion : 3 answers

[01:44:51 29/10/08] Stalion : 1 Price going for new highs by breaking the recent high of

1.6113?

[01:46:13 29/10/08] Stalion : 2. Price retracing from its recent high to the 30& buy window?

60% buy window? sell window?

[01:47:11 29/10/08] Stalion : 3. Price making a consolidation range into the London Session?

[01:48:54 29/10/08] Stalion : Read those answers again...ask yourself some questions...then

check the charts

[01:49:45 29/10/08] Stalion : Now ask yourself...

[01:50:51 29/10/08] Stalion : what possibilities exists for any of the 3 answers to be

turned into financial opportunity?

[01:54:49 29/10/08] Stalion : For I to exist, a buy stop above the high of 1.6113 to a 1st

target of 1.6155 upwards ?

[01:56:53 29/10/08] Stalion : For 2 to exist, a sell stop below the recent low at 1.6024,for

a 30% buy window of 1.5891?

[01:59:05 29/10/08] Stalion : or a sell stop below the recent low at 1.6024 (1.15 Nigerian

Time), for a 60% buy window of 1.5758..or just take both as targets?

[02:09:20 29/10/08] Stalion : For 3 , we stay aside...



[02:10:20 29/10/08] Stalion : guess what...guys...Number 2 might be the most probable one ,

with 2 targets..on the downside

[02:10:39 29/10/08] Stalion : only time will tell

[02:12:09 29/10/08] Stalion : stop loss for 2 option is 1.6070

[02:16:36 29/10/08] djcarlos : Hi Stal

[02:17:08 29/10/08] djcarlos : I make de Entry orders

[02:18:28 29/10/08] Stalion : cool

[02:19:28 29/10/08] djcarlos : Im always ready, dont matter the time

[02:20:57 29/10/08] Stalion : what time is it, in Santiago, Chile?

[02:22:09 29/10/08] djcarlos : here is 22:20 hrs.... when you trade in the morning here is

05:00... and I trade from my bed Sleep

[02:22:31 29/10/08] iykeman2008 : nope stall

[02:23:03 29/10/08] iykeman2008 : i asked you guys som question yesterday and i am yet to

hear from u

[02:23:05 29/10/08] Stalion : hmmmm....

[02:23:29 29/10/08] djcarlos : it exist posibilities of fall of GU??

[02:23:40 29/10/08] Stalion : price is at 1.6022 as we speak....about to resume its decline

[02:24:25 29/10/08] djcarlos : the entry point was hit

[02:24:52 29/10/08] Stalion : 1.6019 now

[02:28:05 29/10/08] Stalion : Gentlemen, we are commencing the DISSECTION OF THE HIGH

[02:29:26 29/10/08] iykeman2008 : 1.6010 now

[02:30:19 29/10/08] Stalion : hope you are ready

[02:32:45 29/10/08] djcarlos : hell yea!!! I listened that in WWF jeje!! Very Happy

[02:36:25 29/10/08] djcarlos : I learned to use the tecnical of target 50% 25% 25%

[02:41:32 29/10/08] Stalion : cool

[02:44:36 29/10/08] Stalion : from klho83?

[02:47:23 29/10/08] Stalion : its a nice risk management strategy

[03:08:28 29/10/08] Stalion : hmmmm.....gbpusd pip spread is now 6 pips at alpari...3 pips

more than the usual spread of 3 pips

[03:09:36 29/10/08] djcarlos : my broker has 10 pips of spread

[03:10:54 29/10/08] iykeman2008 : k

[09:04:37 29/10/08] alanlewis : 48 pips off gu trade so far.



[09:19:38 29/10/08] caprica1 : morning everyone

[10:09:49 29/10/08] masif1 : saw the buy from yesterday afternoon hit its 2nd target

[10:09:55 29/10/08] masif1 : well done

[10:33:57 29/10/08] djcarlos : the sell GU alert of the night hit 1st target, about 44 pips

[10:36:00 29/10/08] djcarlos : was good

[10:36:09 29/10/08] klho83 : no . Not yet dj

[10:37:55 29/10/08] djcarlos : yes, im closing that the sell signal of 02:00am

[10:39:01 29/10/08] djcarlos : somebody will open buy stop at 1.6113?

[11:01:53 29/10/08] Stalion : hi everyone

[11:09:29 29/10/08] Stalion : our first call on cable,50 pips or so, was hit yesterday

evening....

[07:38:28 30/10/08] djcarlos : Hi 03:37am in chile... I dont want to sleep any more, I only

want to trade, Razz regards

[Forexgreenland]

Good evening,Ladies and Gentlemen,
Hope you'all having a lovely weekend...?
As at 10pm Nigerian time, we await the opening bells of the Asian Session in which the

GBPUSD(cable) closed on a bearish note last week Friday..Our stop loss was put at the recent

high of 1.6164,which was the most recent intermediate high..Price would have to breach that

resistance level, a few inches below the DRAGON FIST.. in order to confirm a bullish drive..

[11:11:38 31/10/08] Stalion : so we put a sell stop on gu @ 1.6100...1st target @

1.6045...2nd target @ 1.5975...sl@ 1.6185

Rumours of Bank Of Japan's(BOJ) intervention to sell Japanese yen in the markets so as to

reduce the value of the yen, might see it decline against major pairs..

Now where do we think GBPUSD is going? Up? Down? Sideways Consolidation?
Well, the last complete candle to the right was a bearish one...and the most recent

incomplete candle, in which price pierced the low of the last complete candle, also suggests

a bearish note...
But I could hear someone bluster..''But Stallion, isnt price at the 60% buy window?shouldnt

we expect price to go up, instead of down?
Well, from the way I see it, price should be ready to be retracing back up..but it met the

DRAGON FIST...If the market opens with a bearish gap today, there's a very good chance of it

reaching for our 3rd target point of 1.5922



1.6252-1.6033=0.0219
1.6141-0.0219=1.5922( 3rd target point)


Only time will tell if our trade call is correct...Remember dont try this at home...dont try

the DRAGON FIST at home...

[Forexgreenland]

1)
Most traders tend to concentrate on pinpointing the perfect entry for a trade.

Yes,palmguy...but nothing is 100% perfect in trading...most of the time, it tends to be more

about TIMING OF THE ENTRY than exits..though but are quite important..

2674)
Here's the Delta Society website link. They have the Delta book. You may be able to get one

used somewhere. But take the website with a grain of salt, they are exaggerating on their

view of the accuracy of Delta. Most people are disappointed with it and quit trying it the

Delta way.


HOME - Delta Market Trading - Predictive Stock and Commodity Market Analysis and Trading


Thank you 4X. So the intraday gives us a good indication on where to enter throughout the

day or perhaps a way to day trade. But how do we determine the overall trend?

For example, JohnG said he see this pair going to 1.80. Like you were saying, I don't

really want to have to constantly watch the screen all day. It'd be nice to get a good

entry point using the intraday charts but then feel confident that you are with the longer

term trend so you're not fretting every little hiccup.

So my guess is that we're in an uptrend now but how do we determine that. Is that through

the LTD and MTD indicators?

187) agree with 2be. DELTA gives us an idea where the market is heading but

it is not the 'holy grail'. There is no 'holy grail' Wilder put it this way, "DELTA is

perfect order but not perfect accurracy". The turning points will come early or late. And

the most important of all, DELTA does not generate entry or exit signal. It has to be

coupled with your own trading system.

The only ''Holy Grail'' of trading,where you never lose a single trade is non

existent..except the one you see when looking at the mirror..YOU are the ''Holy Grail''..

Just wanted to say THANKS.

You gave me an idea a few months ago on another forum.

[02:39:37 03/11/08] Stalion : hello djcarlos

[02:41:38 03/11/08] Stalion : price didnt continue its downard movement...rather it complied

with the 60% buy window and went bullish..so for now,the 60% window is more potent and time

efficient than the DRAGON FIST in intraday trading

[02:42:45 03/11/08] Stalion : so we put a buy stop @ 1.6200...1st target @ 1.6255..2nd

target @ 1.6320..

[02:44:05 03/11/08] Stalion : [email protected]

[03:57:50 03/11/08] djcarlos : I dont made the entry because i dont was conected.... please

Stal.... remember send a text plase

[03:57:55 03/11/08] djcarlos : please

[03:58:16 03/11/08] djcarlos : It was a very good trade....

[03:58:44 03/11/08] djcarlos : congratulation, but I miss it

[06:54:19 03/11/08] enolase : hi everyone

[06:54:47 03/11/08] enolase : prices were rangebound on Friday, and I should have put a

pending order on the north side

[06:55:06 03/11/08] enolase : but i didn;t and i equally missed the trade alert

[06:55:41 03/11/08] enolase : but a good call.



[08:05:59 03/11/08] enolase : a platform i am trading on has increased the GU spread this

mprning to 16pips

[08:16:12 03/11/08] enolase : noticed it in a GU trade i took this morning. I wonder what it

will be like on the day of the BoE interest rate decision

[08:56:02 03/11/08] klho83 : Missed!!

[10:04:39 03/11/08] Stalion : missed?

[10:04:46 03/11/08] Stalion : hello everyone

[10:06:43 03/11/08] Stalion : 120 pips,$120 minilot,$1200 standard lot was made on the long

gu call..

[11:28:15 03/11/08] Stalion : so..any guesses where gu is going,guys?

[11:30:33 03/11/08] enolase : GU is hovering around the 50% Fibo leve;

[11:30:38 03/11/08] enolase : so I say it will rebound upwards

[11:30:50 03/11/08] enolase : i'm hoping i plotted it right

[11:31:39 03/11/08] enolase : but of couse we watch the charts and see the candle patterns

that play out

[11:32:14 03/11/08] enolase : but for now, it may rebound at least towards the middle

Bollinger

[11:36:28 03/11/08] Stalion : so we put a buy stop @ 1.6230..

[11:37:08 03/11/08] Stalion : 1st target @ 1.6279

[11:37:17 03/11/08] enolase : so Stal, WHAT SAY YE?

[11:39:20 03/11/08] Stalion : sl @ 1.6200

[11:39:40 03/11/08] enolase : Ok, so u agree it's going north?

[11:41:26 03/11/08] Stalion : only time will tell..



[23:17:41 03/11/08] Stalion : the Dragon Fist eventually came down much lower than our 3rd

target of 1.5922,from our sell stop of 1.6100,which brought us a total of

178pips+120pips-64pips-30pips=204 pips

[23:18:14 03/11/08] Stalion : 204 pips,$204 minilot,$2040 standard lot on Monday

[Forexgreenland]

[10:27:42 04/11/08] Stalion : helloo everyone

[10:28:19 04/11/08] Stalion : sorry for the late entrance...internet connection here was

pretty bad lately...

[10:30:03 04/11/08] Stalion : fortunately, we are still on no man's land for now...price is

still looking for where to head to

[10:36:03 04/11/08] Stalion : eventually price still went way below and beyond our Dragon

Fist call

[10:36:13 04/11/08] Stalion : the sell order

[10:38:09 04/11/08] Stalion : so we put a buy order on gbpusd @ 1.5835...1st target @ 1.5885

[10:41:51 04/11/08] Stalion : 2nd target @ 1.5960...3rd target @ 1.6035

[10:42:37 04/11/08] Stalion : [email protected]

[10:47:14 04/11/08] Stalion : thats like a 100 pip sl...so we use proper risk mgt....we take

off half profits when we are +20 pips ahead..then shift our 100 pip sl back to original

entry

[10:51:46 04/11/08] djcarlos : Stal, the change is +20 pips above the entry point or 1st

target???

[10:52:04 04/11/08] djcarlos : yes its ready, thanks a lot

[11:15:39 04/11/08] Stalion : +20 pips above entry is better due to recent volatility in the

markets..

[11:18:39 04/11/08] fxjedi : Cheers my friend, i hope you are survivng these crazy volatile

markets. I must say in my 20 years of trading Forex i have not seen so much panicking and

shortage of liquidity, I am so pleased i continued developing my in house programmes , been

spending a great deal of time on them this year , to keep me ahead. GL/GT

[11:34:46 04/11/08] djcarlos : hit 1st, I was move the SL and I take 25%.... thanks Stal

[11:35:09 04/11/08] Stalion : 1st target hit @ 1.5885

[11:35:32 04/11/08] Stalion : did you take the trade,namdo?

[11:41:24 04/11/08] namdo : yes i did

[11:48:17 04/11/08] Stalion : helloo there masif

[11:58:01 04/11/08] masif1 : hi stal

[11:58:04 04/11/08] masif1 : no i was too late

[12:25:36 04/11/08] djcarlos : the market is going to go up again... we must take the

entry????

[12:26:54 04/11/08] djcarlos : re-entry???

[12:30:59 04/11/08] Stalion : yes,djcarlos

[12:32:10 04/11/08] Stalion : reentry is in order....we got stooped out in profit when price

retraced back to our original entry point which was also our stop loss..

[12:47:32 04/11/08] fxjedi : firstt taget hit again

[12:48:12 04/11/08] Stalion : yes jedi....please shift your sl to entry now...and take half

profitss

[12:48:31 04/11/08] djcarlos : Im going well



[12:48:55 04/11/08] djcarlos : I put my SL in 1.5870 now

[12:49:28 04/11/08] Stalion : was that were you originally entered,dj?

[12:50:29 04/11/08] djcarlos : 1.5840

[12:51:36 04/11/08] Stalion : hmmmm, dats like 30 pips difference....well its okay if it

fits ur personality,dj

[12:52:06 04/11/08] Stalion : you can still put a 15 to 30 pip trailing stop on

[12:53:09 04/11/08] djcarlos : thanks.... is my second entry in this alert... thanks Stal

[12:54:53 04/11/08] fxjedi : ok trailing stop on

[12:56:18 04/11/08] Stalion : price has to breach the resistance high of 1.5902,before

getting to our 2nd target

[12:56:59 04/11/08] Stalion : of 1.5960

[12:58:00 04/11/08] fxjedi : not sure if it could break ,stal

[13:21:44 04/11/08] fxjedi : ok

[13:49:50 04/11/08] fxjedi : 2nd tagert hit

[14:15:45 04/11/08] enolase : i just missed the party

[14:16:02 04/11/08] enolase : looks like the market is on holiday waiting for the US

election

[16:40:45 04/11/08] djcarlos : ok... im out of this position... but the result was good

[16:40:54 04/11/08] Stalion : 3rd target @ 1.6035 is already hit

[16:42:38 04/11/08] djcarlos : can we enter now... or no yet

[16:44:24 04/11/08] Stalion : if you were not in already, I suggest you step aside for

now...it might be too risky...

[16:45:30 04/11/08] djcarlos : ok..... you are the voice of my conscience

[16:45:35 04/11/08] djcarlos : thanks

[16:46:42 04/11/08] Stalion : you might still put a buy stop at 1.6060,for a 40 pip profit

on our 4th target of 1.6100

[16:53:14 04/11/08] djcarlos : I entered in 1.6060, and out in 1.6090 ..... thanks Stal 30

pips more in the bag.... thanks

[16:58:17 04/11/08] Stalion : 4th target hit @ 1.6100

[16:59:00 04/11/08] Stalion : making a total of 265 pips,$265 minilot,$2650 standard lot on

gbpusd this Teusday

[18:57:58 04/11/08] Stalion : we also put a sell stop @ 1.6000,1st target @ 1.5960...2nd

target @ 1.5915...3rd target @ 1.5870
[18:58:22 04/11/08] Stalion : sl@ 1.6040

[21:07:42 04/11/08] djcarlos : 30 pips in the bag.... thanks Stal

[23:03:56 04/11/08] klho83 : Hi Stal thanks for sms. A bit late .Fisrt target already hit

when I recieved the sms. Entered

[23:04:16 04/11/08] klho83 : small at 1.5960

[05:20:01 05/11/08] djcarlos : HEY!!!!!! wake up everybody Im wining pips with the falling

of GU.... I dont have yours telephone numbers


[09:35:30 05/11/08] fxjedi : looks like gu going up,

[09:36:57 05/11/08] Stalion : cool...

[09:40:34 05/11/08] Stalion : I want to use this opportunity to congratulate Obama for

winning the 08'US Presidential race ....Congratulations...

[09:51:04 05/11/08] fxjedi : 1st trget hit

[09:53:58 05/11/08] djcarlos : what is the second target???

[10:03:58 05/11/08] masif1 : God Bless America

[10:04:22 05/11/08] masif1 : congratultions on America for making the rest of the world

proud

[Forexgreenland]

[10:35:14 06/11/08] Stalion : Helloo everyone

[10:35:51 06/11/08] fxjedi : hi Stal

[10:36:18 06/11/08] klho83 : hi all

[10:54:36 06/11/08] Stalion : We put a buy stop on gbpusd @ 1.5960,1st target @ 1.5988, 2nd

target @ 1.6036...stop loss @ 1.5920..

[10:59:27 06/11/08] fxjedi : thanks,first taget was hit for 20 pips,do we reenter?

[10:59:33 06/11/08] Stalion :remember to take half profits when +20 pips ahead, then shift

sl to entry..

[11:01:43 06/11/08] Stalion : yes, we can reenter at our original buy entry..

[13:40:54 06/11/08] masif1 : hi all

[13:31:06 06/11/08] fxjedi : helloo masif



[13:33:58 06/11/08] Stalion :we got stopped out on our reentry buy order,so we put a sell

stop @ 1.5955..1st target @ 1.5915..2nd target @ 1.5855..stop loss @ 1.5998

[13:55:20 06/11/08] fxjedi : 1st taget hi t

[13:56:18 06/11/08] Stalion : 2nd target @ 1.5855...

[13:58:00 06/11/08] fxjedi : i take off half profits now?

[13:58:18 06/11/08] fxjedi : second target hit

[13:58:46 06/11/08] Stalion : great!

[14:00:10 06/11/08] Stalion : 100 pips on our 2nd target...less 60 pips lost on previous

entry...

[14:05:02 06/11/08] Stalion : cool...

[14:23:20 06/11/08] masif1 : 2nd target hit!

[14:23:27 06/11/08] masif1 : 100+ pips



[14:52:29 06/11/08] djcarlos : can I enter now?

[14:54:09 06/11/08] djcarlos : Please dont forget send me a Sms please i miss the alert.

[14:54:19 06/11/08] djcarlos : Crying Very sad

[14:57:31 06/11/08] djcarlos : Sad

[15:03:52 06/11/08] djcarlos : In the buy stop... i lost a lot... so I need the good

alert.... dont forget the Sms.... thanks

[18:33:32 06/11/08] djcarlos : today was the worst day for me - usd$1000 in loses.....

remember alert me by sms to some signal.... byeeee

[09:06:37 07/11/08] klho83 : Didn't get the d last trade alert. Missed the trade

[09:09:47 07/11/08] Stalion : Helloo everyone..

[09:11:20 07/11/08] klho83 : Stal I missed the last trade

[09:12:10 07/11/08] Stalion : yesterday's?

[09:12:39 07/11/08] Stalion : hi Maximus...

[09:15:05 07/11/08] Stalion : we put a buy stop on gbpusd @ 1.5731...1st target @

1.5775...2nd target @ 1.5825...50 pip sl away..

[09:15:22 07/11/08] Stalion : yes,maximus...where are you from?

[09:15:50 07/11/08] Maximus : Canada, Qc

[09:16:25 07/11/08] Maximus : are you from Côte d'ivoire

[09:17:42 07/11/08] Stalion : Nope....I'm a Nigerian....and quite proud to be one too...

[09:17:52 07/11/08] Stalion : A Quebecker?

[09:18:07 07/11/08] Stalion : Bonjour mon ami...

[09:18:18 07/11/08] klho83 : Smile

[09:18:46 07/11/08] Maximus : bonjour à toi...

[09:19:29 07/11/08] Maximus : Is there any 3nd target...

[09:20:23 07/11/08] Stalion : we first get to 2nd target before a 3rd,Max....it depends on

the upward momentum...

[09:21:17 07/11/08] Maximus : Yes but how many lot or contract are you entering with...

[09:23:16 07/11/08] Stalion : mine's different from yours,Max...I also manage accounts of

different lot sizes..

[09:25:31 07/11/08] Stalion : soo,what size lot are you thinking of using or have

used???Remember risk mgt?

[09:25:55 07/11/08] Maximus : mini lots...

[09:29:51 07/11/08] Stalion : okay....we tend to have up to 3 targets...sometimes,4 to

5....Max..The way we handle it is to allocate percentages or fractions to our minilots when

target is hit or after 20 pips ahead

[09:31:14 07/11/08] Stalion : if using 1 minilot,you can take 0.5 off when +20 pips ahead or

when reaching 1st target....if using 3 minilots, you can shave off half or 1/3third as price

goes along...

[09:32:57 07/11/08] fxjedi : gm all

[09:33:22 07/11/08] Maximus : ok thx for that...

[09:33:34 07/11/08] Stalion : helloo there jedi...

[09:34:41 07/11/08] fxjedi : hi stal, thanks for yesteday,+60 pips on cable was okay for me,

[09:35:56 07/11/08] Stalion : cool....it was supposed to be 120 pips or so...but we were

stopped out for 60 pips earlier in the morning

[09:41:30 07/11/08] Maximus : gbpusd is going up...

[09:53:36 07/11/08] fxjedi : buy entry trigered

[09:58:22 07/11/08] Maximus : Everybody in the trade....

[09:58:44 07/11/08] Stalion : you can still enter your buy order,dj...

[10:06:44 07/11/08] Stalion : you can close half positions now, then shift stop loss to

entry point...

[10:07:58 07/11/08] fxjedi : okay

[10:17:32 07/11/08] Maximus : thx Stalion for this nice trade..Smile

[10:18:34 07/11/08] Maximus : do we reenter if stop out..

[10:19:36 07/11/08] Stalion : lol..we are still waiting for price to hit 1st target,max...by

closing half positions at +20 pips, then shifting sl to entry, we ensure we breakeven at a

profit if price retraces against us...

[10:21:09 07/11/08] Stalion : yes, we reenter after the bearish candle shows signs of moving

back up to our original entry...very prudent in these volatile markets nowadays...

[10:21:46 07/11/08] Maximus : thx Stalion...

[10:23:08 07/11/08] Maximus : wich time frame are you looking at for the trade Salion, tf15

[10:24:56 07/11/08] Stalion : 15 min chart,Max...

[10:25:13 07/11/08] Maximus : ok very good...

[10:27:44 07/11/08] fxjedi : 1st target hit

[10:29:03 07/11/08] Stalion : cool....

[10:29:31 07/11/08] Stalion : did you get the chance to reenter at our original price,max?

[10:30:37 07/11/08] Maximus : no, but I am glad with what i had today, I willl get

experience...

[10:30:41 07/11/08] fxjedi : i did as soon as u talked about that bearish candle,stal

[10:31:39 07/11/08] Stalion : you might still get the chance if price retraces downwards

again...

[10:31:55 07/11/08] Maximus : yes thx...

[10:32:34 07/11/08] djcarlos : ok, thanks... so the trend is bullish???

[10:35:11 07/11/08] Maximus : i think the price will come back...

[10:35:15 07/11/08] Stalion : looks like it, max....you can reenter with a buy order @

1.5797....for our 2nd target...

[10:36:28 07/11/08] Stalion : this time, 2nd target is @ 1.5846..

[10:37:08 07/11/08] Maximus : very good

[10:37:25 07/11/08] djcarlos : it work to me to

[10:39:39 07/11/08] Stalion : no probs.....for now, we are on the bullish gbpusd

trade....12pm Nigerian time, we might enter the USDCAD trade...

[10:39:59 07/11/08] djcarlos : cool

[10:40:20 07/11/08] Maximus : i like the usdcad...

[10:41:29 07/11/08] Stalion : lol....cause you are French Canadian?

[10:41:39 07/11/08] djcarlos : I reentered at 1.5795

[10:41:40 07/11/08] Maximus : yap...

[10:41:54 07/11/08] Maximus : me too reenter...

[10:43:58 07/11/08] djcarlos : I ll expecting at 08:00 hrs in chile..... 12pm nigerian time

[10:47:02 07/11/08] Stalion : cool

[10:48:54 07/11/08] Stalion : [email protected]

[10:58:19 07/11/08] Stalion : no probs...the thing is its much riskier now, dan when price

was at our original entry....the sl at that point would give more breathing space for price

to move than this present one....hope you understand..

[11:02:28 07/11/08] fxjedi : cable going up now,70 pips ahead now

[11:02:54 07/11/08] Stalion : great....

[11:06:35 07/11/08] fxjedi : original 2nd target hit,stal, at 15825,



[11:07:36 07/11/08] Stalion : cool

[11:07:55 07/11/08] fxjedi : any thid taget?

[11:12:02 07/11/08] Maximus : yes when i reenter i put my target price to 1.5846..

[11:14:31 07/11/08] fxjedi : Fund Selling: that's reason for earlier. eurusd 1.25 as this

has become very sensitive to down with stocks crashing...for BlackFriday

[11:20:23 07/11/08] Stalion : hmmmmm....

[11:22:27 07/11/08] Stalion : Black Friday?

[11:24:42 07/11/08] fxjedi : maybe

[11:25:32 07/11/08] Stalion : Black Friday is mainly for those that dont really know what

they are doing in the markets,jedi..

[11:26:55 07/11/08] Stalion : pls dont get me wrong...nothing is 100% perfect in trading and

no one wins ALL trades ALL the time...but to attribute losses to Black Friday without

trading yet, is more of FEAR induced reaction to a particular day in the market

[13:19:25 07/11/08] djcarlos : I read that GU may had pivot in 1.5710, but here Stalion, so

ask to he..

[13:31:30 07/11/08] djcarlos : Stal sorry about the long of this article but I think that is

important for your usd/cad study

[13:31:34 07/11/08] djcarlos : The Canadian economy actually threw the market a bone today,

it's a miracle! The median market expectation was calling for a 10k loss in jobs, but the

economy instead added 9.5k in October. Keep in mind that we had a monster 106.9k print in

September, so to add more jobs on top of that huge gain was extremely impressive.

[13:46:06 07/11/08] djcarlos : Stal did you see Usd/Chf, it having good selling projetion

[14:44:50 07/11/08] djcarlos : hey! maxim do you have open GU buy Stop?

[14:45:15 07/11/08] djcarlos : it work very good...Thanks Stal cheers

[14:46:40 07/11/08] djcarlos : 60 pips in the bag.. good end for the week

[16:33:30 07/11/08] Stalion : lol....No Black Friday,dj?

[20:06:58 07/11/08] Stalion : We put a SELL STOP on GBPUSD@ 1.5660...1st target @

1.5600...sl@ 1.5715

[20:23:22 07/11/08] klho83 : hi stal thank for the text sms

[21:55:45 07/11/08] djcarlos : thanks for the text sms Stal, who said that today are Black

friday????

[22:06:53 07/11/08] djcarlos : good weekend everyone

[Forexgreenland]

?????????????????????????????(penat nk baca)

Me too,faiz...I dont really understand...do you mean penance?

Thank you for sharing useful information.We want you to come

up with useful information so that will be useful to everyone.

No probs, mon ami....we all try to do our best in all things, especially in trading..

Thanks stallon

No probs,paul..

thnx for info brother are you in stock market ?

Thanks for your mail,brother...I specialize in the forex markets..

The strategy that I have hoped to use is to have

four of five holdings going at all times, each with the goal of achieving a 10% gain within

a 5-10 day period. The strategy has been an utter failure, and I think the reason is this.

Every long I have attempted has lost money. Every Ultrashort I have tried has been

successful (I'm not allowed to short-sell). I believe that it is folly for somebody at my

skill level to attempt longs in an overall bear market. I no longer even consider a long

trade, especially with the prospect of an impending market crash.

There are few Ultrashorts to pick from and I am sort of without a good strategy for this

particular time.

Hi art, from your comments, I take it you are talking about the stock markets (not being

allowed to short-sell)..Is the uptick rule still in force at the equity markets?
But mind you, Warren Buffet,the No 1 stock investor is said to be buying up stocks recently

at rock bottom prices...Maybe its part of the contrarian strategy he's utilizing...Start

buying when prices are low and fear pervading the markets, while selling when prices are

high and greed driving the markets..thats just my 2 cents though..




Helloo fellow traders,
The 60% buy window on the GBPUSD made an inversion to the Way of the Dragon..sorry I

ommitted in writing out the buy order entry which is shown on the charts..As at Monday

midnite, price opened the session with a bullish gap and kicked in the buy order entry @

1.5760...Before we knew it,approximately 120 pips,$120 minilot,$1200 standard lot was made

at the high of 1.5885..The blue broken line shows the buy stop entry...




After the pips were made, our stop loss was then adjusted to the buy entry level, where stop

loss = 1.5760 = buy entry level...

This is what we see on the next chart below as the blue broken line now converted to a red

stop loss line..Very good risk management principle..



Another 120 pips was also made based on the bullish gap of the inverted dragon ...





Lets just say ...today was quite profitable...




[07:03:13 10/11/08] Stalion : Helloo everyone

[07:04:25 10/11/08] @ Stalion : we put a sell stop on gbpusd @ 1.5830...1st target @

1.5788..2nd target @ 1.5735..3rd target @ 1.5710...40 pips stop loss away

[07:34:14 10/11/08] djcarlos : 3 target hit.... Razz

[07:40:30 10/11/08] djcarlos : thanks for the sms, I ll Sleep again ...here is 03:39.....

but with 50 pips in the bag..... thanks

[08:00:00 10/11/08] Stalion : hi dj

[09:59:45 10/11/08] klho83 : Hi Max did u take the trade?

[10:00:27 10/11/08] Maximus : which one...

[10:01:11 10/11/08] klho83 : GU gbpusd @ 1.5830...1st target @ 1.5788..2nd target @

1.5735..3rd target @ 1.5710...40 pips stop loss away

[10:01:58 10/11/08] Maximus : no dit not take it...

[10:39:11 10/11/08] Maximus : not bad miss the first trade...

[11:05:58 10/11/08] romandaw : u trading anything?

[11:07:03 10/11/08] djcarlos : amazing fall on GU

[11:42:36 10/11/08] romandaw : hi there, you watching euro dollar?

[11:48:28 10/11/08] djcarlos : it having a strong uptrend.... but I prefer wait

[11:52:36 10/11/08] djcarlos : because I was read that GU it will have a pivot on 1.5800

[Forexgreenland]

?????????????????????????????(penat nk baca)

Me too,faiz...I dont really understand...do you mean penance?

Thank you for sharing useful information.We want you to come

up with useful information so that will be useful to everyone.

No probs, mon ami....we all try to do our best in all things, especially in trading..

Thanks stallon

No probs,paul..

thnx for info brother are you in stock market ?

Thanks for your mail,brother...I specialize in the forex markets..

The strategy that I have hoped to use is to have

four of five holdings going at all times, each with the goal of achieving a 10% gain within

a 5-10 day period. The strategy has been an utter failure, and I think the reason is this.

Every long I have attempted has lost money. Every Ultrashort I have tried has been

successful (I'm not allowed to short-sell). I believe that it is folly for somebody at my

skill level to attempt longs in an overall bear market. I no longer even consider a long

trade, especially with the prospect of an impending market crash.

There are few Ultrashorts to pick from and I am sort of without a good strategy for this

particular time.

Hi art, from your comments, I take it you are talking about the stock markets (not being

allowed to short-sell)..Is the uptick rule still in force at the equity markets?
But mind you, Warren Buffet,the No 1 stock investor is said to be buying up stocks recently

at rock bottom prices...Maybe its part of the contrarian strategy he's utilizing...Start

buying when prices are low and fear pervading the markets, while selling when prices are

high and greed driving the markets..thats just my 2 cents though..




Helloo fellow traders,
The 60% buy window on the GBPUSD made an inversion to the Way of the Dragon..sorry I

ommitted in writing out the buy order entry which is shown on the charts..As at Monday

midnite, price opened the session with a bullish gap and kicked in the buy order entry @

1.5760...Before we knew it,approximately 120 pips,$120 minilot,$1200 standard lot was made

at the high of 1.5885..The blue broken line shows the buy stop entry...




After the pips were made, our stop loss was then adjusted to the buy entry level, where stop

loss = 1.5760 = buy entry level...

This is what we see on the next chart below as the blue broken line now converted to a red

stop loss line..Very good risk management principle..



Another 120 pips was also made based on the bullish gap of the inverted dragon ...





Lets just say ...today was quite profitable...




[07:03:13 10/11/08] Stalion : Helloo everyone

[07:04:25 10/11/08] @ Stalion : we put a sell stop on gbpusd @ 1.5830...1st target @

1.5788..2nd target @ 1.5735..3rd target @ 1.5710...40 pips stop loss away

[07:34:14 10/11/08] djcarlos : 3 target hit.... Razz

[07:40:30 10/11/08] djcarlos : thanks for the sms, I ll Sleep again ...here is 03:39.....

but with 50 pips in the bag..... thanks

[08:00:00 10/11/08] Stalion : hi dj

[09:59:45 10/11/08] klho83 : Hi Max did u take the trade?

[10:00:27 10/11/08] Maximus : which one...

[10:01:11 10/11/08] klho83 : GU gbpusd @ 1.5830...1st target @ 1.5788..2nd target @

1.5735..3rd target @ 1.5710...40 pips stop loss away

[10:01:58 10/11/08] Maximus : no dit not take it...

[10:39:11 10/11/08] Maximus : not bad miss the first trade...

[11:05:58 10/11/08] romandaw : u trading anything?

[11:07:03 10/11/08] djcarlos : amazing fall on GU

[11:42:36 10/11/08] romandaw : hi there, you watching euro dollar?

[11:48:28 10/11/08] djcarlos : it having a strong uptrend.... but I prefer wait

[11:52:36 10/11/08] djcarlos : because I was read that GU it will have a pivot on 1.5800





so for today, wednesday, we put a sell stop gu @ 1.5164....1st target @ 1.5124...2nd target

at 1.5095 pip sl away..

[Forexgreenland]

Thnks man for sharing to all these great info. I am very interested to

get into forex.

Hi Dreams, its possible to actualize ur forex dreams by the right dedication, proper

training, patience,hard work and positive mental attitude..

this is very cool! I'm learning to much . . . alright!

cool,Justin....me too...

Helloo folks,
Today's price action on the gbpusd was really something to write home about..The

unemployment rate report that was released from the UK was unfavourable to the GBP.The

PREVIOUS figures was at 5.7%, while the economists'expectation was 5.8% which was equal to

the ACTUAL release..The higher the unemployment rate,the lower the value of pounds sterling

due to selling on the negative news from UK.
Although it's generally viewed as a lagging indicator, the number of unemployed people is an

important signal of overall economic health because consumer spending is highly correlated

with labor conditions;
More than 375 pips were made this wednesday from GBPUSD drop...$375 minilot..$3750 standard

lot..

[22:08:01 11/11/08] Maximus : Hi Stalion...

[22:08:29 11/11/08] Maximus : any order that are still valid...

[22:11:43 11/11/08] Stalion : sell stop on gu at 15400...1st target at 15360...2nd target at

15305...3rd target at 15285...40 pip sl

[22:11:56 11/11/08] djcarlos : 1st target of sell stop??

[22:16:15 11/11/08] Stalion : no probs...

[22:16:54 11/11/08] Stalion : max, you can enter a sell stop at 15370

[22:17:05 11/11/08] Maximus : sp now the sl is that the entry if you get the first target,

am I right or not...

[22:17:21 11/11/08] Maximus : ok Stalion...

[22:18:02 11/11/08] Maximus : same target....

[22:18:28 11/11/08] Stalion : yes

[00:48:59 12/11/08] djcarlos : I read that 1.5270 is the pivot to GU

[09:07:27 12/11/08] Maximus : Hi any trades...

[09:15:57 12/11/08] Stalion : Helloo everyone

[09:21:47 12/11/08] Stalion : not yet, max....we wait for a while....as you can see, the

market is moving back and forth for now...wouldnt do to jump in where there's no sign of a

breakout yet..

[09:22:01 12/11/08] Maximus : yes no prob...

[09:24:00 12/11/08] Stalion : one of the hardest things in trading is knowing when NOT to

trade...easier said than done..

[09:25:45 12/11/08] Maximus : yes it is so true...

[09:41:09 12/11/08] Stalion : market's slow

[09:42:10 12/11/08] Maximus : in my hiumble opinion I think that the market will break down

again with the GBPUSD...

[10:07:27 12/11/08] Stalion : so, entering at 15400 or 15370 is okay

[10:08:09 12/11/08] Stalion : remember to take half profits when +20 pips away

[10:09:20 12/11/08] djcarlos : i dont made the entry

[10:11:06 12/11/08] djcarlos : can i enter now... at 1.5360???

[10:14:35 12/11/08] Stalion : Hi dj

[10:15:01 12/11/08] Stalion : welcome to the party...

[10:15:31 12/11/08] djcarlos : hi, i entered at 1.5350..... i come late

[10:15:45 12/11/08] Stalion : though a bit late,a sell stop at 1.5345 would be more

prudent...

[10:17:05 12/11/08] Stalion : going for our 2nd target of 15305



[10:17:29 12/11/08] Maximus : I took 20 pips and i will reenter....will see...

[10:17:39 12/11/08] djcarlos : ok, its down trend??

[10:20:10 12/11/08] Stalion : we cant tell for now...though looking at the hourly, 4hr,daily

and weekly charts shows that gbpusd have been on a prevailing downtrend..

[10:21:15 12/11/08] Stalion : price might still very well retrace back up....only time will

tell..our job is to position ourselves to take advantage of price movements when we can

[10:22:56 12/11/08] romandaw : morning

[10:23:30 12/11/08] romandaw : nb news about to come out

[10:24:24 12/11/08] Maximus : yes Stalion the gbpusd will retrace...

[10:37:50 12/11/08] romandaw : i was trading the same move without even knowing it.

[10:37:58 12/11/08] romandaw : the gu short

[10:38:49 12/11/08] Stalion : helloo there roman

[12:09:47 12/11/08] Maximus : Hi Stalion...

[12:10:22 12/11/08] Maximus : thx for the pips....

[12:11:54 12/11/08] Stalion : my ohh myy..!price is moving ALL D WAY DOWN!100 plus pips

ahead of 2nd target

[12:13:06 12/11/08] Stalion :hope ur on a trailing stop, max?

[12:16:06 12/11/08] Maximus : Already out of the trade took 50 pips and get out...

[12:16:43 12/11/08] Stalion : lol!

[12:16:57 12/11/08] Stalion : wise move....

[12:17:50 12/11/08] Maximus : Thx Stalion for the call...

[12:22:17 12/11/08] Stalion : no probs.....the uptrend wasnt sustainable eventually

[16:22:47 12/11/08] Stalion : so for today, wednesday, we put a sell stop gu @ 1.5164....1st

target @ 1.5124...2nd target at 1.5095 pip sl away..

[16:37:06 12/11/08] enolase : hi everyone

[16:37:24 12/11/08] enolase : i can't believe i forgot that today was the BoE inflation

report

[16:37:47 12/11/08] enolase : a news item that has delivered in xcess of 300pips downward

movement on the GU pair in the last four months

[16:38:08 12/11/08] enolase : anyway, i think the dive will still continue

[17:38:29 12/11/08] Stalion : cool...

[10:09:20] Stalion : so we put a buy stop on gu at 1.4970...1st target at 1 5025..2nd target

at 1.5080...sl 50 pips away...

[Forexgreenland]

Thanx for the response, Forexgreenland. Looks like

I'm in the wrong forum.



I googled "uptick rule" and every search result was in a language that I don't understand.

They don't allow short-selling with IRA money. They also won't allow day-trading. Ah,

according to Investopedia, the uptick rule was eliminated June 6, 2007.

There are lots of equities just lying on the floor at bargain prices, just bubbling

sideways. Good for some profits sometime in the future, but not doing anything right now. It

looks like Forex is always active. (I know nothing about this market. Looks tricky).

I liked your zen-oriented description of the trader's frame-of-mind in your opening post in

this thread. I'm still in the first stage with some forays into the second. It is an

interesting journey.

Hi art,
I feel your pain...the languages coming out from those search engines on uptick rule were

kind of like finance hieroglyphics...since it had been eliminated since 2007, no worries..
yes, forex is always active with lots of volatility, but it only looks tricky when you are

not that familiar with the market.. Warren Buffet was right when he was quoted as saying

''Risk comes from not knowing what you are doing''..but you can still learn the ropes if you

are willing and committed..
Well, you dont really have to be a Zen Master, or a Yogi master, or Shaolin Master, or even

a Shambala Master, before getting ''in the flow''.. Just let yourself go..
''A journey of a Thousand Miles Begins With A Single Step..

Oil prices follow Wall Street on wild ride - Yahoo! News

As an American who has most of their savings in sterling, I've got one

word to sum up what I feel right now.

F*%K!!

Me too, barbs...I feel ya...
Ohh, by the way, lemme wish you Americans a Happy Thanksgiving Day in advance..Did I hear

someone say Turkey Day?

[10:09:20] Stalion : so we put a buy stop on gu at 1.4970...1st

target at 1 5025..2nd target at 1.5080...sl 50 pips away...

What is happening? usd was sold accross the board (except agains yen)

by more than 200 pips in one hour or so. Can any body explain?

No probs, mon ami..The pound was battered after the Bank of England said on Wednesday the British economy would shrink sharply next year, bolstering expectations that further sharp cuts in interest rates were in the pipeline.Lower interests rates means lower value of the currency due to

investors selling the low yield currency to buy higher yielding currencies.. That would

bring about a downward sell pressure on the gbpusd.

I need to purchase 1000 GBP to pay a debt in the UK, and have

been trying to keep an eye on the exchange rate (as I'll have to buy the 1000 GBP with USDs

- I'm a US citizen and am paid in USDs

Can you experts offer me suggestions around when I should buy the GBPs? I must have them by

end-of-month December 2008, but am not sure how to get a good idea (forecasting and such) as

to when between now and 31st Dec 2008 would be the best time to exchange USDs for GBPs.

Any help that you can offer if VERY much appreciated!!

Thanks!!
Mark

Hi markdaniel,any relations with mark anthony??LOL..
You've just boiled it down to a simple question..What is meaning of forex?
It is the buying and selling of international currencies..I think you might need a cup of

coffee for this..
For example, 1 GBPUSD is equivalent to 1.4700 dollars..1000 GBP is equivalent to 1470

dollars USD..that is, at the international rate of 1.4700...You are using 1470 dollars to

buy 1000 pounds sterling..
But wait...The current fundamentals suggest Britain is in the throes of recession, while the

BOE is about to further slash interest rates in the nearest future..Low interest rates from

bad economic recessionary data spewing forth from the UK is likely to pull the T-strings of

cable down south..wow..



Technical analysis wise, price have fallen way beyond the 60% BUY WINDOW on the monthly

charts,with 4 long range bearish candles going ballistic underground.. Both MACD divergences

foretells bearish movement of price on the GBPUSD..A Category Four Trendline has already

taken place..
so come December, price getting to our projected target point of 1.3090, , you BUY 1000GBP

for $1,309 dollars..since the GBP would have likely lost more value in the weeks to come..Does that mean we might be seeing a dollar rally before the end of the year 2008? Of course..just got ma fingers crossed..
I hope you now understand..
Remember, nothing is cast in stone on forex...and in life...Also do your own research before

taking any recommendations...Feel free to discuss it here..





sorry guys, that I forgot to alert you due to internet blackout in my zone..more than 300

pips,$300 minilot,$3000 standard lot was made on the sell stop of gbpusd wednesday

afternoon.., which offsetted our previous double buy stop loss of 50 pips each..making back

more than 3 times our previous loss...Well,what can I say..

[Forexgreenland]

[05:17:33 14/11/08] Stalion : Its 5a.m here in Nigeria and am in the dark,with just the glow of the computer screens casting an ethereal and pychedelic sheen to the surroundings..just the candlesticks telling their midnight stories..so we put a sell stop on GBPUSD @ 1.4860...1st target @ 1.4845..2nd target @ 1.4825...3rd target @ 1.4790

[05:18:06 14/11/08] Stalion : sl @ 1.4010

Happy weekend,folks,

Someone asked me the other day what Black Friday was..And another, to her, felt her trade that day was Black Friday becvause she had some losing trades.. Well I did some little research on it from INVESTOPEDIA and here are some meanings of that term

1. A day of stock market catastrophe. Originally, September 24,

1869, was deemed Black Friday. The crash was sparked by gold speculators, including Jay

Gould and James Fist, who attempted to corner the gold market. The attempt failed and the

gold market collapsed, causing the stock market to plummet.

2. The day after Thanksgiving in the United States. Retailers generally see an upward spike

in sales and consider this to be the start of the holiday shopping season. It's common for

retailers to offer special promotions and to open early to draw in customers.

3. The term "black" has been used to describe other disastrous days in financial markets.

For example, on Black Tuesday, October 29, 1929, the market fell precipitously, signaling

the start of the Great Depression. The largest one-day drop in stock market history occurred

on Black Monday, October 19, 1987, when the Dow Jones Industrial Average plummeted more than

22%.

To God be the glory, our call was hit around 5 times,back to back, on yesterday's White

Friday. 70 pips,$70 minilot,$700 standard lot was made from that call..

We could actually see there was a mini head and shoulder pattern

[05:18:06 14/11/08] Stalion : sl @ 1.4010


[05:21:05 14/11/08] pipsRus : hello

[05:21:30 14/11/08] djcarlos : hi stal

[05:22:56 14/11/08] djcarlos : 1st target hit Very Happy



[05:24:24 14/11/08] Stalion : hi pipRus

[05:24:37 14/11/08] Stalion : 2nd target hit

[05:27:54 14/11/08] Stalion : I take it you've already closed at least half of ur order, dj?

We could see a mini head and shoulderrs pasttern on the 15 minute chart, which foretold a

bearish movement..After making our 70 pips, we shifted our stop loss to the entry point of

1.4810...That was why the broken shaded blue line was now red in the second chart...



[05:29:02 14/11/08] djcarlos : im out it was an exelent trade arround 40 pips in my bag

[05:30:22 14/11/08] djcarlos : thanks to call me... it was exelent

[05:54:50 14/11/08] djcarlos : Stal Ill expecting for other alerts.... thanks, call me or

sms me....

[05:58:18 14/11/08] Stalion : Hey, dj, easy on the greed, okay...

[05:58:33 14/11/08] Stalion : are you not guys not okay with 70 pips?

[06:02:00 14/11/08] djcarlos : yes stal i ll be carefully... im taking profits to open a

managed account

[06:13:56 14/11/08] Stalion : hmmmm...

[06:51:24 14/11/08] Stalion : if you reentered again on our original sell entry, you

would've been smiling by now...

[10:12:44 14/11/08] djcarlos : hi stal....

[10:20:11 14/11/08] djcarlos : i was re-enter and i won 2o pips and then go out because de

waves is going up

[10:20:23 14/11/08] djcarlos : Very Happy


The stop loss on the right shoulder ensured that we are not stopped out in the present

downtrend..if price breaches that high, we should be seeing a new retracement....



All in all, it was a jolly Good White Friday..

So for today,Sunday the 16th of November,we await the opening bell of the Asian Session to commence trading..

Sell stop on GBPUSD @ 1.8321...

Hi palmguy, thanks for your contribution ..though presently, price on the GBPUSD is at 1.4737...it would need to go up about 400 pips before your sell stop is triggered..

So for today, we might likely see a BULLISH GAP to the upside in less than 7 hours from now.
We put a buy stop on our 60% BUY WINDOW @ 1.4765...1st target @ 1.4805..2nd target @ 1.4840...3rd target @ 1.4884..sl @ 1.4700

[Forexgreenland]

Quote from Smurfie:

Hey Forexgreenland

All trends from the monthly to the 5m timeframe are down. Why do you see an up-gap coming?

In other words, on what do you base your decision?

Cheers,

Smurf

Hi Smurf, the up gap is not really the issue here..Price pleased us with some lyrical

teasers.
We jus chilling.. when we popped the cable glass ceiling..like an epiphany..me and

traderji..
I based my decision due to the ''market tells''..shown on those charts..mon ami..Like I said

earlier, price was at its BUY WINDOW...MACD showing bullish divergence,123 pattern,etc..As

you go along, you'll see why I based my decision on a long call, instead of a short..

In the name of the lord most merciful,
Nice thread forexgreenland. Week begins with the pound 13 percent drop against the dollar

and 8 percentagainst the euro . British banks are shrinking foreign borrowings .A weaker

currency is being recommended.

Maybe, jeff15...maybe..

Bearish gap, filled and bounced off your entry point (resistance area).

Looked like a good place to short rather than long but i was sleeping. If there had been a

bullish gap then that looked like a good long trade though (bounce off support). Look

forward to hearing more.

Yes, betard, I like that word ..''bounced off entry point''..like bouncy balls..At that

particular time, it looked good to short..and we got stopped out twice..

In retrospect, that might not really look like a good place to short, except for the

SCALPERS..Like Ninjas,they move in stealth, with each breath..never make their presence

felt..Price on the GBPUSD opened this Monday morning @ 1.4671..made a low of 1.4656..just 15

pips..removing 5 to 6 pip spread reduces it further..Though there was not a bullish gap in

the early hours of this morning, but a bearish gap on the open, it was just the precursor of

good times in the bullish sides..

Wow nice call today! I must be honest after been stop out twice the

third time I was not very condident with the trade and took+ 20 pips, if I had wait I should

grabe +200pips.... thx Stalion

It was like 382 pips,mon ami...close to $400 minilot..$4000 standard lot on monday..But we

got stopped out twice at 65 pips each...making a total loss of 130 pips..Subtract that from

382 pips, we get net profit of 252 pips(excluding pip spread /or charges.)..But remember, we

lost twice before we can arrive at our net profit..Such is life...If Thomas Edison can fail

a thousand times before dicovering the icandescent lamp, why are we traders soo skeptical to

losses.. Every single trade does not have to be a masterpiece..

forexgreenland, I will be here with you to check the

daily analysis and strategic tips of forex.. i hope you post such this info continuously ...

I will learn more and more..
Thanks forexgreenland

No probs, delv..We all learn and earn more and more...




[QUOTE=technamental;000002]So.. where are these other guys you are talking to?

Just google ''forexgreenland''