Review of Strategic Tips on Milking the Major Currency Pairs

[forexgreenland]

hi mate
how can i get that jacko trend?
thx
mason

Is this AKA Rumpled One, Code Muncher, and who knows how many other aliases?

The same one who posts meaningless indicators and drivel all over forex land, attempting to impress anyone who'll

listen?

Hi paradoxical, its not polite to talk about someone that way. A chap requested for help and he was the only one that

offered to willingly assist. For that, I think he's a nice bloke, even if I'm just knowing him. If you got any grouse against

him, its better to meet him personally and settle it. For me, its all about making money from trading.

[14:01:34] Stalion : hi all

[14:05:43] Stalion : like we said earlier, price on the gbp pairs are looking to go down around the resistance area,...so we

should be preparing to go short

[14:10:39] eugen3000 : ok stal, im also short biased, but not in any positions as of now

[14:11:06] takbal : the same here

[14:13:41] eugen3000 : sounds great

[14:18:17] takbal : Stal do you think it will drag up EURGBP as well? or eurusd is going to fall? any of them should if gu

goes down...

[14:48:19] masif1 : which one we short on?

[14:52:07] eugen3000 : not yet masif

[15:00:10] Stalion : we sell gbpusd @ 1.7800, 1st target @ 1.7770

[15:02:14] caprica1 : 40 pip stop?

[15:03:42] Stalion : 30 pip stop...for 1;1 risk to reward ratio

[15:04:17] Stalion : To clarify on management of our trades so we dont give away profits....

[15:05:08] Stalion : please take half profits when the trade is 20 pips in your favour...then put your stop loss to entry...

[15:06:29] Stalion : i've said it before and i'll still say it again ...lock your profits after +20 pips, so at least you leave away

with gains at the end of the day..

[15:07:56] masif1 : did i miss the trigger

[15:07:58] eugen3000 : sounds good for me Stal!

[15:09:02] masif1 : i take it i got the alert too late

[15:09:46] eugen3000 : you are Stal, +20 locked in, sl at be at the rest, thank you!

[15:10:29] Stalion : like our pal, masif...hope you understand....even if you are using just 1 minilot,close 0.5 off when +20

pips in profits, then allow the rest to ride...if 2 minilots, take 1 minilot off, den allow the other 1 minilot to ride...WHILE

putting your sl to ini

[15:10:45] caprica1 : yeah got here too late. Never mind. Always another trade.

[15:11:48] caprica1 : or can I put a sell stop on it?

[15:13:36] Stalion : 2nd target should be 1.7761

[15:14:06] Stalion : 3rd target should be 1.7735

[15:14:52] caprica1 : can I get in @ 1.7761 with a first target of 1.7735 then stal?

[15:17:06] Stalion : am not sure, cap, until the first target is hit...remember your risk wud be higher since you didnt start in

early..

[15:19:56] caprica1 : got you stal.

[15:21:11] Stalion : 3 more pips to go to our 1st target of 1.7770

[15:23:07] Stalion : 1st target hit..!

[15:23:18] masif1 : thanks stal understood

[15:24:30] Stalion : 2nd target to go @ 1.7761

[15:24:35] caprica1 : no probs

[15:25:48] Stalion : remember masif, if you are now at +20, kindly take off half profits for now...

[15:25:52] Stalion : 2nd target hit!

[15:26:32] Stalion : 3rd target to go @ 1.7731

[15:27:03] klho83 : Targat 2 hit

[15:27:46] masif1 : damn it

[15:27:51] masif1 : missed that as well

[15:27:57] eugen3000 : super!

[15:28:05] caprica1 : has the price just gone through the 64% fib Stal?

[15:29:10] Stalion : dammit, masif....ur breaking ma heart again with ur tears emoticon...dont tell me u lost again!!!

[15:29:29] masif1 : nope didnt get in the trade

[15:29:40] masif1 : both the first call or the second

[15:29:47] Stalion : 64% fib? i dont understand, cap...

[15:30:39] masif1 : close to hititng the thrid target

[15:30:45] Stalion : 6 more pips to our 3rd target point

[15:31:05] caprica1 : i have put fib lines on my chart from yesterday's low and high, and the price has just gone past the

64% fib line.

[15:31:35] caprica1 : Stal I entered oon the 2nd target and used 3rd as my 1st. Just hit. Thanks.

[15:31:56] Stalion : way to go, caprica....

[15:32:12] Stalion : 3rd target hit!

[15:32:12] masif1 : well done cap

[15:32:21] masif1 : i was too late for both

[15:32:35] caprica1 : muchas gracias senors

[15:33:32] Stalion : 69 pips for now....

[15:33:52] caprica1 : for now? like the sound of that. lol

[15:34:41] caprica1 : it still looks like its heading for the overnight high of 1.7706

[15:34:46] caprica1 : overnight low sorry.

[15:35:00] Stalion : well, we havent closed all trades yet...putting a 15 to 25 pip trailing stop loss would be prudent

[15:36:03] caprica1 : i closed out at the 3rd target point.

[15:36:17] masif1 : trailing stop loss - thats a good idea ;-)

[15:36:20] Stalion : 4th target @ 1.7705

[15:36:26] masif1 : hey i'm smiling

[15:36:51] Stalion : 5th target @ 1.7676

[15:36:53] caprica1 : it's certainly going for that .7706 number

[15:37:22] caprica1 : a 5th target!

[15:37:49] masif1 : fantastic guys - thats nearly 100pips!

[15:38:19] Stalion : yea....why leave money on the table if price looks like its going to give some more...cap?

[15:38:30] masif1 : i didn;t get in on the second so i'm just sitting by the side lines cheering you guys on

[15:38:44] Stalion : jus apply ur profit mgt strategy and lock in at every step...

[15:38:46] caprica1 : it's just retraded back to .7734, maybe I could get back in

[15:39:35] Stalion : worst scenario, you come out breakeven...

[15:40:18] caprica1 : yep. So i get in at market and ride to 5th target?

[15:41:06] masif1 : you in cap?

[15:41:35] caprica1 : not yet, stupid iphone! lol

[15:41:35] Stalion : opportunities like this dont come everyday in the markets, masif...but when it does come, you got to

be ready for it and milk it for all its worth..

[15:43:00] caprica1 : its doing its best to go back up.

[15:43:48] Stalion : well, cap, you could put a sell stop below a pychological number like 1.7750 or 1.7735,or 1.7720,

then ride it down...

[15:45:05] caprica1 : so may be 1.7734 maybe?

[15:47:21] caprica1 : I'm not gonna chance it. I can't control the trades properly on the iphone. My guy is telling me not

to chance it.

[15:47:34] caprica1 : So i'll be happy with my pips so far, and fight another day.

[15:48:54] caprica1 : that was meant to say my gut is telling me not to chance it.

[15:51:11] Stalion : yea....momentum is kind of slowing down , after dat 69 pip downpour

[15:56:27] Stalion : its only a matter of time though, before price on the gbpusd gets down to our 4th and 5th

target...momentum might now be slow, but it should get there...

[16:00:03] Stalion : Prices, like everything else in Nature, will stop sinking only when they reach rock bottom against

which to push off back up.

[16:12:07] masif1 : gbpusd still going down

[16:13:03] Stalion : 4th target hit!!

[16:16:14] masif1 : damn missed out on on these pipsstalion can you please send me the email alerts to my metafour.com

email address please?

[16:19:03] masif1 : 5th target hit and still going down!!!!!

[16:22:34] Stalion : the thing, masif, you are afraid of losses...when a trader allows fear to overcome him due to some

losses in a row, he tends to shy away from opportunities when they come...fine, we've been stopped out on some of our

trades but that doesnt mean the next

[16:23:45] Stalion : one is going to be the same....until we start getting used to losses, we are not there yet...

[16:24:30] klho83 : i'm out!

[16:25:22] Stalion : how many pips did you make from our gbpusd call, klho83?

[16:25:26] masif1 : even for the entry at the 2nd target

[16:26:40] Stalion : you could've gotten in at our 3rd,4th or 5th targets, masif...though with higher risks..

[16:27:19] masif1 : your right but the damn account wouldn;t allow me as insufficient funds

[16:27:30] klho83 : Add along the way i lost count

[16:32:01] klho83 : Thanks StaLION!!

[16:32:31] Stalion : masif, am afraid you just missed a 124 pip ride...and still counting with a trailing stop loss

 

[forexgreenland]

Originally posted by forexgreenland:
[QB]
[10:13:27] Stalion : sell stop for gbpusd @ 1.7840,1st target @ 1.7659

[/QB]

[QB]
[10:13:57] Stalion : 2nd target @ 1.7592[/QB]

[QB][10:19:15] Stalion : no probs....had to take it from the monthly timeframe, so it might take a lil while before it gets

fulfilled'[/QB]

 

[forexgreenland]

[10:00:53] Stalion : BUY STOP ON GBPUSD@ 1.7635, 1ST TARGET @ 1.7713, 2ND TARGET @ 1.7755, 40

pip stop loss..
We are looking at approximately 120 pips here,$120 minilot,$1200 standard lots on cable

 

[Stuart14]

Can't win them all Forexgreenland

 

[forexgreenland]

Originally posted by forexgreenland:
[QB] [10:00:53] Stalion : BUY STOP ON GBPUSD@ 1.7635, 1ST TARGET @ 1.7713, 2ND TARGET @ 1.7755,

40

pip stop loss..
We are looking at approximately 120 pips here,$120 minilot,$1200 standard lots on cable [/QB]

Can't win them all Forexgreenland

Yes, Stuart, nothing is 100% perfect in trading as well as in life..Though we got stopped out on 40 pips, 7 pips less to hit

our target,we still locked in profits of +20 or more pips along the way..If you noticed, price on the cable(GBPUSD)

eventually shot through our target points, with more extra pips for good measure.

Hello mystikal,

Please when using MACD for divergences what should i use: the trough that form when red and blue lines cross or the

histogram of the MACD . Please Advise.

Onwuka Arisa
***************
Hi Onwuka, if you observed, we used the MACD Histogram from the 1st chart to ascertain whether there was

divergence or not. The Macd Histogram told us that price was overbought and buying pressure was reducing, which was

a precursor to the downward movement on the charts. In order words, MACD Histogram was telling us that the bullish

momentum was tapering off. There was also a bearish hammer and a trendline break to the downside, telling us to cover

our longs.
If I had to choose between the trough that form when the red and blue lines cross(MACD proper) or MACD Histogram,

I'll choose the Hisogram because it is much faster...Notice from the chart above that MACD was trailing behind its

Histogram, which would have been quite slow in forwarning us to cover our longs or take profits at that level on the

charts.
Anyways, we learn from our mistakes.

140 pips less our 40 pips that was stopped out on the 9th, which gave us 100 pips net, $100 minilot,$1000 standard lot

on Friday.

 

[Stuart14]

Would love to understand your system more Forexgreenland, it is clearly good. Shame about that stop out, but no system is going to 100% right.

 

[Jamesm19999]

Good morning. I am new to the forum as well as the Forex. If I could ask a simple question? Is trading the cable vastly different than the EUR/USD? I have been studying and reading since February and stumbled across this forum during a google search for info. My direct interest and time so far has been focused on the Forex intraday EUR/USD. Any comments, criticisms, or ideas would be appreciated. Thank you.

 

[forexgreenland]

[09:26:43] Stalion : price on the gbpusd looks like its retracing downward from last week's bullish run

[09:31:46] caprica1 : yeah its going towards the current overnight low

[09:38:04] Stalion : there's negative MACD divergence to price on the charts...we are looking for a convincing trendline

break to go short on gu

[09:54:07] Stalion : SELL STOP ON GBPUSD @ 1.7970, 1ST TARGET @ 1.7875, 2ND TARGET @ 1.7788

[09:59:54] Stalion : u can put a sell limit on our entry if you came in late or buy at current market price..

[10:02:40] eugen3000 : limit triggered

[10:02:44] eugen3000 : hi Stal

[10:04:20] Stalion : at what price, eugen?

[10:04:48] Stalion : price is at 1.7991 now

[10:05:25] eugen3000 : 7970 like you wrote

[10:06:49] Stalion : yea

[10:10:35] Stalion : lets sit back and relax, eugen....

[10:49:19] Stalion : LOCK HALF PROFITS AT +20 TO +30 PIPS,WHILE PUTTING STOP LOSS TO ENTRY

LEVEL..

[11:00:00] caprica1 : jot back Stal. Whats this about a sell stop?

[11:00:06] eugen3000 : did it

 

[forexgreenland]

[10:49:19] Stalion : LOCK HALF PROFITS AT +20 TO +30 PIPS,WHILE PUTTING STOP LOSS TO ENTRY

LEVEL..

[11:00:00] caprica1 : jot back Stal. Whats this about a sell stop?

[11:02:18] Stalion : more of a sell limit, cap..if you missed the original entry and hope for price to go up to ur entry before

reaching down...a sell stop is just following price downwards on its bearish move

[11:06:17] caprica1 : whcih chart did you look at to get the signal Stal? Was it one of the longer timeframes?

[11:08:51] Stalion : looks like a colourful beer carnival, eugen, the oktoberfest u guys are celebrating in

Germany.....though more mellow than the ones in the Rio de janeiro, Brazil..

[11:10:21] Stalion : we do what we call ''top down trading'', cap..first, the weekly and daily charts to get a general

overview..the hourly is to get the medium term overview..the 15 min chart is where you get a more precise view...while

the 5 min is for microscopic view

[11:11:20] Stalion : hi takbal, hope you've locked in half your profits by now...

[11:11:53] Stalion : we are +40 pips now..

[11:13:15] caprica1 : ok

[11:13:47] takbal : well I get on the train a bit late, so I put half lot only

[11:14:08] takbal : but looks like a healthy downtrend, so I risk it

[11:21:01] Stalion : sl moved to entry point,AFTER creaming off half profits

[11:23:33] caprica1 : I go in @ .7970 so I'm + 23 now.

[12:15:28] caprica1 : I'm +53 now Stal. Should I be moving my stop to Breakeven or +20?

[12:18:40] caprica1 : whoops thats 1st target hit

[12:24:12] caprica1 : its looking like a nice start to the week guys

[12:25:47] Stalion : you can say dat again, cap

[12:27:23] caprica1 : how much lower can it go, It's nearly at 2nd target now?

[12:47:22] eugen3000 : 1st and 2nd target hit, wooohoooo, ;-)

[12:48:43] caprica1 : yep!

[12:55:00] klho83 : Good start For the week!!!

[12:55:33] caprica1 : certainly is.

[12:55:51] takbal : was a nice call, thx Stal

[13:10:01] Stalion : 95 pips for 1st target, 182 pips total for 2nd target,$182 minilot,$1820 standard lot in less than 4hrs

[13:10:30] masif1 : another great call i missed today

[13:10:36] masif1 : just my luck

[13:11:17] Stalion : like I said earlier, we should be prepared to take any opportunity that the market gives us...which

doesnt happen everyday..

[13:14:46] Stalion : fine, we might get stopped out on one or two trades...but thats the price to pay for a long pip haul

like dis...

[13:17:08] Stalion : so we wrap up our trade today

[13:18:01] Stalion : hope 182 pips is okay for everyone?

[13:21:23] caprica1 : i'm happy with today Stal

[13:21:39] masif1 : well done guys

 

[forexgreenland]

Hello Mystikal,

Thanks alot. you answered my first question but you didnt answer the second. the question is :

How do you exactly know which part of the chart or graph that you have to choose as a 1-2-3 top or bottom before

applying your analysis and calculations. i have noticed that you select some parts and leave the others where i also think

that a 1-2-3 formation forms. If there are any conditions or factors you have to put into consideration before choosing for

a 1-2-3 top or bottom,please let me know.

Expecting a reply

Hi Onwuka,
We give glory to God for He is Great. To know which part of the chart or graph that you choose as a 1-2-3 bottom or

top requires practice and patience. We could say it hides from most traders that are not aware of its pattern on the

graphs and on the other hand, reveals itself regularly to some that are familiar with its occurence on the charts.
If you observe the Eurodollar(EURUSD) chart on the 15th of September, we could see the 1-2-3 top being numbered.
The 1 is always the swing high at the peak or apex...2 is an intermediate low and 3 is a lower high that failed to retest the

1 level(swing high).

At the break of the 2 level, it confirms the downward/ bearish movement of price and also validates the concept of the

1-2-3 top.
A 1-2-3 top is usually seen at the end of an uptrend, while a 1-2-3 bottom is usually seen at the end of a downtrend.
Hope you now understand...

Please feel free to ask questions or make comments...

Originally posted by zero:
[QB] IS FOREXGREENLAND POSTING THOSE TRADE CALLS
BEFORE OR AS HE MAKES THE TRADES OR IS HE
POSTING TRADES THAT HAVE ALREADY MYSTERIOUSLY
RUN THEIR COURSE?

CUZ POSTING TRADE CALLS AFTER THE FACT ISNT
VERY IMPRESSIVE AT ALL. I HOPE THAT IS NOT
WHAT YOU ARE DOING. CUZ I'LL BE ALL OVER YOU
LIKE STINK ON A TURD. MAY GOD HAVE MERCY ON
YOUR SOUL IF THATS YOUR GAME.

''Mysteriously run their course? What do you think this is, zero? A mystery moovie? Wake up and smell the roses without

stinking, mon ami...
Those participants you read on the chats are real live traders from different parts of the world who are serious about

making money in forex trading. They earn and learn while those trade calls are made,real time, online and the only game

they are interested in playing is forex.
Need I say more???
MAY THE GOOD LORD HAVE MERCY ON US ALL..

Originally posted by rodney:
[QB] The world financial system is in a mess with prospects of the global credit bubble bursting according to many

credible pundits. We will explore why bubbles form and why they burst from an Austrian Economics perspective. We

will also explore why cash and cash equivalent in times of deflation - yes, I said deflation - is your best asset hedge

against the bubble bursting. We will also cover specific trading ideas to win in this globalization 3.0 era, and how to

preserve capital and profit.Why will be the role of gold and silver ? T.Bonds? Dollar index, etc. Will the major and

regional banks in US lose $2 trillion in capital as forecast by a famous NYU Economist?

_____________
rodney

Foreclosed Homes[URL] [/QB]

Hi Rodney, we'd be glad to have your constructive theories on the global economic dynamics that is happening right

now...
But dont you think holding cash or its equivalent might not really be an hedge coz of its declining

value(depreciation)against market forces?
And how does the Austrian Economic perspective on cyclical trends(bubbles and bursts) fit in with the much larger EU

perspective of the same phenoma?

 

[forexgreenland]

[08:26:37 19/09/08] caprica1 : morning everyone

[08:52:25 19/09/08] klho83 : Hi Cap good morning

[08:56:25 19/09/08] klho83 : Stopped a few times yesterday. hope have a better luck today)

[08:59:15 19/09/08] caprica1 : well its a friday, its started pretty slow. We'll see what happens

[09:06:15 19/09/08] Stalion : hi everyone

[09:12:05 19/09/08] Stalion : we saw what happened yesterday, guys...price eventually got to our targets but with some

nasty retracements in the way...


[09:15:55 19/09/08] caprica1 : its been a rough few weeks though on the markets

[09:17:17 19/09/08] klho83 : Hi Stal Gu coming to 61.8% ret.level

[09:22:34 19/09/08] Stalion : lol....the market knows it going to drop some serious pips..thats why the awkward

retracements to shake off stops and limits..

[09:25:10 19/09/08] masif1 : i think the usd is weakening

[09:25:21 19/09/08] masif1 : going short everywhere

[09:26:02 19/09/08] masif1 : eurus gbus and uschf

[09:26:12 19/09/08] masif1 : can u see that stal

[09:28:55 19/09/08] Stalion : any upcoming news on GBP?

[09:29:16 19/09/08] caprica1 : not sure

[09:33:59 19/09/08] eugen3000 : morning guys

[09:34:21 19/09/08] eugen3000 : Stal, the trend line from 1.7446 is not yet broken to the downside right?

[09:34:24 19/09/08] Stalion : the currency markets is still digesting all the bad news coming out from the US financial

markets..bailouts today, bankruptcy 2morow...any wonder d charts are reflecting these signs of the times..

[09:44:25 19/09/08] Stalion : 1.7446, eugen?i think dats like 500 pips below market price?

[09:48:23 19/09/08] eugen3000 : i mean the trendline this was the lowest price and i see a trendline going up and hold for

few times

[09:53:30 19/09/08] eugen3000 : i am the only one seeing this? lol

[09:58:11 19/09/08] Stalion : lol....what chart are u looking at,eugen?

[10:01:33 19/09/08] eugen3000 : im at work im just using the one from mb trading

[10:01:49 19/09/08] eugen3000 : i saw that price bounced of this trendline a few times

[10:02:53 19/09/08] Stalion : looks like the news didnt make much impact..

[10:19:04 19/09/08] Stalion : at what timeframe, eugen?

[10:24:30 19/09/08] eugen3000 : 1hr

[10:26:20 19/09/08] Stalion : ohh, av seen it...dat was the low on sept 11,right?

[10:27:13 19/09/08] Stalion : did anyone reenter the gu short again?.

[10:46:48 19/09/08] eugen3000 : stal do you have some key levels for gu? up and down levels? thnx

[10:58:59 19/09/08] Stalion : we also put a buy stop on gu at 1.7997, 1st target on the upside is 1.8055..dat would act

as an hedge

[11:33:20 19/09/08] Stalion : anyone using fib retracements here?

[11:34:37 19/09/08] masif1 : nope

[11:35:58 19/09/08] Stalion : i think it might be wise if its been used...those retracements dat tends to stop out

trades,which sometimes are based on fibonnacci

[11:37:40 19/09/08] Stalion : right now, price is on the 61% retracement level, and dat level tends to portend a

turnaround in price in any charts..

[11:56:17 19/09/08] takbal : I do use fib retracements

[11:59:44 19/09/08] Stalion : cool, takbal...out of several support and resistance tools in trading, fibbonacci is one of the

best out there...

[12:00:16 19/09/08] Stalion : looks like the turnaround is right round the corner,guys...

[12:01:47 19/09/08] Stalion : buy stop trigger hit...

[12:02:56 19/09/08] Stalion : remember 1st target to the upside is 1.8055..

[12:05:53 19/09/08] Stalion : 33 pips profits right now...lock in ur profits right now, guys, and shift sl to entry level..

[12:09:53 19/09/08] eugen3000 : 40 pips im happy, thnx Stal

[12:10:16 19/09/08] Stalion : 20 pips to go in hitting 1st target of 1.8055...2nd target for our long gu trade is 1.8073...

[12:12:05 19/09/08] Stalion : dat was jus the practical application of the 60% buy window..

[12:13:33 19/09/08] Stalion : price is now retracing back to the 50% level...

[12:14:38 19/09/08] takbal : looks like a DeMark breakout...

[12:15:12 19/09/08] takbal : at least the upward move stopped exactly at the predicted target

[12:17:53 19/09/08] Stalion : what TIMEFRAME are u looking at,takbal?

[12:18:15 19/09/08] takbal : 5 mins

[12:18:28 19/09/08] takbal : well, the upper trendline is a more plausible explanation...

[12:19:57 19/09/08] Stalion : i could see a mini 123 bottom in the 5 min chart before price broke out..

[12:21:04 19/09/08] Stalion : it paused at 1.8040, which was a round number and a pyschological one too,before going

back south to the 50th percent level..

[12:25:41 19/09/08] takbal : I see the 123 but not sure about it will pass that trendline around 18030-40... it looks quite

strong

[12:29:22 19/09/08] Stalion : depends on the bullish momentum, takbal...if you open ur MACD indicator on the 5 min

chart, you can see MACD making higher highs and price on top making lower lows based on the resistance

trendline..thats shows divergence..we are seeing MACD positive divergence to price which foretells a bullish

move,technical analysiswise..

[12:30:37 19/09/08] Stalion : resistance trendline about to be broken..

[12:40:05 19/09/08] masif1 : hi stal locked in 30 pips at half lot

[12:41:51 19/09/08] takbal : but MACD already did its higher high... ho do you know that it wont retrace now, and

cross the trendline?

[12:43:26 19/09/08] takbal : if price falls now, we are still in divergence, but the trendline is unbroken... it may be broken

at the next test

[12:56:35 19/09/08] klho83 : hi

[12:58:25 19/09/08] caprica1 : hi guys just got in front of the PC and seen the trade. mine is

[12:59:05 19/09/08] caprica1 : at +26 pips as of now. I must have missed the earlier high.

[12:59:34 19/09/08] Stalion : lol....welcome to the show,cap

[13:00:28 19/09/08] klho83 : Every should provide dat..then we would learn fast..:0

[13:01:15 19/09/08] caprica1 : thank you. It's at +39 now. I'm only trading witha lot size of 0.1 though.

[13:01:52 19/09/08] klho83 : Wat is the next target stal?

[13:02:16 19/09/08] caprica1 : correction make that+58. What should I do based on my lot size STal?

[13:02:34 19/09/08] klho83 : Ist target hit

[13:03:34 19/09/08] caprica1 : hit 2nd target and closed out at +73

[13:03:52 19/09/08] takbal : 8072 is daily support

[13:04:49 19/09/08] Stalion : 2nd target coming up

[13:05:31 19/09/08] eugen3000 : 3rd target Stal??? ;-)

[13:05:54 19/09/08] Stalion : 2nd target is at 1.8130...3rd target @ 1.8198

[13:07:39 19/09/08] Stalion : if ur not in from our first entry, pls consider ur risk to reward ratios before jumping for 2nd

and 3rd targets...

[13:08:28 19/09/08] Stalion : dose dat were in right from the start would be using up their remaing half lots now, while

adjusting stop loss to entry

[13:09:08 19/09/08] caprica1 : thought the 2nd target was 1.8055 and 3rd was 1.8073?

[13:09:15 19/09/08] Stalion : hold on to ur seatbelts, fellas...we might be in for a lil ride..

[13:09:41 19/09/08] caprica1 : a lil ride in what sense Stal?

[13:10:15 19/09/08] Stalion : sorry..typo....2nd target 18073...3rd target 18130...4th target 18198

[13:11:20 19/09/08] Stalion : jus put in a 15 to 25 pip trailing stop wen we get to 2nd target...

[13:12:12 19/09/08] caprica1 : I got back in at the second target of 1.8073.

[13:13:13 19/09/08] Stalion : or adjust sl 20 pips above original entry...which ever feels best for you..

[13:19:09 19/09/08] caprica1 : Like I said though I made the 73 pips on the first 2 targets. Didn't get the 3rd or 4th ones

in time. I re-entered at the 2nd target price of 1.8073.

[13:19:22 19/09/08] caprica1 : What should I place my stop as?

[13:23:36 19/09/08] caprica1 : 1've put the stop @ the original entry point of 1.7997

[13:26:02 19/09/08] Stalion : okay....hope you guys see the reasoning behind locking profits...price has just hit resistance

at the 1.8073 level and retracing downwards..

[13:26:38 19/09/08] Stalion : no use watching profits disappear if u can lock em in..

[13:28:15 19/09/08] klho83 : I'm out at 1.8070. Thanks stal.n have a nice weekend all.

[13:28:54 19/09/08] caprica1 : you too klho

[13:28:57 19/09/08] eugen3000 : lock in lock in lock in ;-)

[13:34:08 19/09/08] caprica1 : you still in the trade eugen?

[13:37:21 19/09/08] caprica1 : it's flying again

[13:37:29 19/09/08] eugen3000 : no i closed half at +20, the rest by 8073, im flat

[13:37:43 19/09/08] eugen3000 : good luck cap

[13:39:30 19/09/08] caprica1 : I'm in a EJ trade that I spotted this morning on a 123 bottom. that one is currently +70

pips

[13:40:11 19/09/08] takbal : are we some kind of fighter pilots?

[13:40:31 19/09/08] takbal : Fox 3

[13:41:16 19/09/08] caprica1 : locked on! lol

[13:54:53 19/09/08] caprica1 : looking like another nice end to the week

[13:57:57 19/09/08] Stalion : 3rd target hit!!

[13:59:05 19/09/08] Stalion : 4th target @ 18198....

[14:01:48 19/09/08] caprica1 : I've moved my stop to entry and closed out 50% of my lot size now on the re-entry that I

had.

[14:02:01 19/09/08] Stalion : 5th target @ 1.8230

[14:02:56 19/09/08] caprica1 : 5th target! Oh man, I'm loving this Friday lol

[14:08:52 19/09/08] caprica1 : I'm well happy at that. I dont't expect that every time, but it's a nice start, and shows me

I'm on the right track.

[14:12:10 19/09/08] Stalion : more than 137 pips made up from our 2nd target of 1.8130...and still counting..

[14:12:38 19/09/08] caprica1 : It was taken off the 1HR chart. Was expecting it to be a few days worth of a trade, but

it's moved quicker than I thought.

[14:14:28 19/09/08] Stalion : congrats, cap...pls keep it up..

[14:14:35 19/09/08] caprica1 : I would agree. Over 400 pips from a very choppy week.

[14:25:42 19/09/08] Stalion : 4th target hit!

[14:25:51 19/09/08] caprica1 : just hit 4th target

[14:25:56 19/09/08] Stalion : [14:02:01] Stalion : 5th target @ 1.8230

[14:26:24 19/09/08] Stalion : 5th target hit!!

[14:26:42 19/09/08] caprica1 : where should I move my stop to now Stal? It's currently at b/e, and I have closed out half

my lot

[14:26:47 19/09/08] Stalion : 1.8271 as our 6th target

[14:27:05 19/09/08] caprica1 : never mind5 targets hit. Man oh man!!!!!

[14:27:22 19/09/08] Stalion : jus put a 25 pip trailing stop loss and you'll be fine like dandy

[14:27:30 19/09/08] caprica1 : I'm out now. Not gonna chance getting back in a 2nd time

[14:28:10 19/09/08] Stalion : dats what am doing...jus watching price move and locking my profits..

[14:28:55 19/09/08] caprica1 : I'd hit 5th target before the 6th was posted.

[14:29:06 19/09/08] caprica1 : Am still a happy little bunny though.

[14:29:37 19/09/08] caprica1 : I've almost hit my target of 155.00 for EJ. That would be 300 pips for that trade alone.

[14:30:19 19/09/08] caprica1 : woohoo, just hit it.

[14:32:12 19/09/08] Stalion : lol

[14:33:07 19/09/08] caprica1 : if only you could see me now! Feel like walking out of work, and going home a happy

man.

[15:53:22 19/09/08] masif1 : hi all

[15:53:48 19/09/08] masif1 : well done cap

[15:54:05 19/09/08] masif1 : 300 pips excellent

[16:27:18 19/09/08] masif1 : over 270 pips and still going up

[16:27:33 19/09/08] masif1 : the 25pip trailing stop loss is a good idea

[16:29:10 19/09/08] caprica1 : yeah I know. It's a lesson learnt for next time

 

[forexgreenland]

Sell stop on GBPUSD @ 1.8321...1st target @ 1.8275,2nd target @ 1.8245, 3rd target @ 1.8207

 

[forexgreenland]

Conversations With Forexgreenland (The Matrix Pt 1)

Sell stop on GBPUSD @ 1.8321...1st target @ 1.8275,2nd target @ 1.8245, 3rd target @ 1.8207

Chris Taylor (9/22/2008 10:25:28 AM): I got stopped out on te cable trade during the nite.

Stallion (9/22/2008 10:29:35 AM): how come you got stopped out,cap?

Stallion (9/22/2008 10:30:36 AM): didnt u get to 1st target b4 putting sl to entry?

Chris Taylor (9/22/2008 10:32:08 AM): I set the trade up at 12:35pm GMT and got stopped out at 04:35am. It never

got lower than 1.8262, that was after I got stopped out.

Stallion (9/22/2008 10:32:30 AM): Sell stop on GBPUSD @ 1.8321...1st target @ 1.8275,2nd target @ 1.8245, 3rd

target @ 1.8207

Stallion (9/22/2008 10:33:06 AM): it got lower dan 1.8275 to 1st target....how come you got stopped out?

Stallion (9/22/2008 10:33:28 AM): dat was around 2a.m this morning

Chris Taylor (9/22/2008 10:34:45 AM): the time I entered the trade it went up. Got stopped out, then it went back

down. I was in bed asleep so couldn't re-enter.

Stallion (9/22/2008 10:35:28 AM): awwwww!!

Stallion (9/22/2008 10:35:39 AM): u took the signals late

Chris Taylor (9/22/2008 10:37:07 AM): i didn't check my emails till half 12. I see where it hit past 1st target, but I was

asleep then so wasn't able to take any pips.

Stallion (9/22/2008 10:37:57 AM): no probs...we are looking at a long gu trade right now...

Chris Taylor (9/22/2008 10:38:24 AM): OK. Any ideas on entries yet?

Stallion (9/22/2008 10:39:44 AM): yea....entries asre the most delicate part in trading...u might be right in going bullish or

bearish...but if ur entry is too late or too early, d stops are out..

Stallion (9/22/2008 10:54:09 AM): Buy Stop on the gbpusd @1.8480, 1st target @ 1.8530, 2nd target @ 1.8565, 40

pip sl..

Chris Taylor (9/22/2008 10:55:11 AM): brb need to re-boot pc.

Chris Taylor (9/22/2008 11:15:31 AM): I've still got 2 pending sell stops on cable Stal. Should I be deleting them?

Stallion (9/22/2008 11:16:08 AM): yea....delete d pending sell stop for now....

Stallion (9/22/2008 11:16:21 AM): we r going for the buy stop

Chris Taylor (9/22/2008 11:16:35 AM): ok

Chris Taylor (9/22/2008 11:23:34 AM): do you use the MACD indicator on your charts?

Stallion (9/22/2008 11:25:12 AM): I rarely do, cap....I prefer taking signals straight from the charts...

Chris Taylor (9/22/2008 11:26:09 AM): ok

Chris Taylor (9/22/2008 5:05:41 PM): I've staerted adding the spread and on the longs, and rounding to the nearest

whole number. My entry was then 1.8485. then I put my 40 pip stop from there.

Chris Taylor (9/22/2008 5:06:20 PM): I also made another 110pips on a 123 patttern I saw on the EURJPY this

morning.

Stallion (9/22/2008 5:06:33 PM):

Stallion (9/22/2008 5:06:38 PM): way to go, man

Chris Taylor (9/22/2008 5:07:20 PM): Dont expect that every time. Just been fortunate I guess with the last 2 I found.

I'm not complaining though

Stallion (9/22/2008 5:12:42 PM): yea..

Chris Taylor (9/22/2008 5:47:41 PM): you there dude?

Chris Taylor (9/22/2008 6:18:14 PM): we're almost at 2nd target for the long cable Stal

Stallion (9/22/2008 6:20:53 PM): yea...

Stallion (9/22/2008 6:21:23 PM): remember ur trailing stops,man

Chris Taylor (9/22/2008 6:21:31 PM): I moved my stop to +20 from entry and added a 20 point trailing stop.

Stallion (9/22/2008 6:21:55 PM): yea...forget about targets for now....jus ride with it..

Chris Taylor (9/22/2008 6:22:29 PM): I have a target price of 1.8600, but I'l have to keep adjusting that as it goes on.

Chris Taylor (9/22/2008 6:24:26 PM): do you think a 20 point trailing stop is enough?

Stallion (9/22/2008 6:25:14 PM): a 25 point might be better...

Stallion (9/22/2008 6:25:31 PM): price is at 1.8579 right now..

Chris Taylor (9/22/2008 6:25:52 PM): yeah and still climbing as well.

Chris Taylor (9/22/2008 6:26:05 PM): changed trailing stop to 25 points now then.

Stallion (9/22/2008 6:27:46 PM): cool

Chris Taylor (9/22/2008 6:28:45 PM): has there ben some news, because the EURUSD is fling as well.

Stallion (9/22/2008 6:31:23 PM): jus technical analysis, man...am 105 pips in profits as we speak on the gbpusd buy

order..

Chris Taylor (9/22/2008 6:32:25 PM): I think the price of oil has risen again today, maybe thats why the dollar is doing

what its doing.

Stallion (9/22/2008 6:33:58 PM): lol...oil and dollars don mix like 2 d**ks, else dey find demselves in serious sh**t

Chris Taylor (9/22/2008 6:34:28 PM): 2 d**ks certainly dont mix! lol

Stallion (9/22/2008 6:35:12 PM): 106 pips, $106 minilot,$1060 standard lot on gbpusd, less 40 pips.

Chris Taylor (9/22/2008 6:36:15 PM): I'm at 101 pips. Just seen the 123 bottom pattern on the cable 15M chart as well

for today. lol

Stallion (9/22/2008 6:41:10 PM): cool..

 

[forexgreenland]

Conversations With Forexgreenland(The Matrix)

[09:26:59 25/09/08] Stalion : hi everyone

[09:28:30 25/09/08] Stalion : we put a sell stop at 1.8580...1st target @ 1.8555..2nd target

@ 1.8540

[09:43:14 25/09/08] caprica1 : morning stal

[09:53:27 25/09/08] wilmart : Morng all

[10:25:54 25/09/08] Stalion : hi there cap

[10:35:15 25/09/08] Stalion : sell stop triggered

[10:42:07 25/09/08] Stalion : remember to take half profits after +20 pips...

[11:08:30 25/09/08] albashir : corect me if am wrong....its at 8588 now isn't it?

[11:41:16 25/09/08] albashir : aproching 2nd target.

[11:41:41 25/09/08] Stalion : yea

[11:43:32 25/09/08] Stalion : about to

[11:43:45 25/09/08] Stalion : helloo eugen

[11:44:07 25/09/08] eugen3000 : hello Stal

[11:44:34 25/09/08] Stalion : hope u've taken off half profits by now...? remember price

doesnt move in a straight line,so we bank profits as soon as we can..

[11:47:00 25/09/08] Stalion : price at 1.8850 now..

[11:48:47 25/09/08] Stalion : target hit!

[12:14:12 25/09/08] caprica1 : we hit 2nd target. Nice one

[13:01:02 25/09/08] Stalion : so we made 40 pips off our call today...

[13:01:55 25/09/08] Stalion : we then put a buy stop @ 1.8557, 1st target @ 1.8587

[13:05:05 25/09/08] caprica1 : A BUY STOP?

[13:08:00 25/09/08] masif1 : some critical news out at 1.30bst for the us

[13:08:51 25/09/08] caprica1 : whats the news?

[13:10:24 25/09/08] Stalion : yes

[13:11:40 25/09/08] caprica1 : kool

[13:12:25 25/09/08] Stalion : how critical is the news, masif?

[13:15:38 25/09/08] Stalion : expectations on the US is quite negative....if news comes out

lower dan expectations, we might see gbpusd shooting up..

[13:16:18 25/09/08] Stalion : if news comes out as a surprise(higher dan expectations), it

might affect the cable's rise..

[13:18:14 25/09/08] caprica1 : we still keep the buy stop though?

[13:21:36 25/09/08] Stalion : yes, we do

[13:22:00 25/09/08] caprica1 : no probs boss.

[13:22:34 25/09/08] caprica1 : it's just hit that 1st target Stal

[13:22:46 25/09/08] Stalion : havent urs been hit??

[13:22:54 25/09/08] Stalion : yes, it did

[13:25:10 25/09/08] masif1 : target hit guys

[13:25:24 25/09/08] masif1 : did we have a second?

[13:25:58 25/09/08] masif1 : 30 pips from that and 40 pips earlier

[13:26:04 25/09/08] caprica1 : I was just thinking the same thing. Only saw 1 target

[13:26:11 25/09/08] masif1 : nice nice chicken and rice

[13:26:12 25/09/08] caprica1 : happy with the pips though.

[13:27:38 25/09/08] Stalion : lol....

[13:27:49 25/09/08] Stalion : seems u like chicken and rice

[13:28:26 25/09/08] Stalion : 70 pips should be okay for today, guys....

[13:29:32 25/09/08] Stalion : u can still get back in again...

[13:29:57 25/09/08] caprica1 : I'm happy with 70 pips. Thats a nice little return on the

day.

[13:30:08 25/09/08] caprica1 : not need to be too greedy

[13:30:26 25/09/08] masif1 : i agree

[13:30:32 25/09/08] masif1 : 70 pips is lovely

[13:30:42 25/09/08] Stalion : lol...

[13:40:57 25/09/08] Stalion : did u enter again, cap?

[13:41:12 25/09/08] caprica1 : I would like the price to get down to 1.8510 to hit the

target I've got for a 123 pattern I saw this morning.

[13:41:19 25/09/08] caprica1 : No, didn't re-enter

[13:44:29 25/09/08] caprica1 : have you re-entered Stal?

[14:15:21 25/09/08] Stalion : nope...am okay...for today....not everyday u bank 70 pips in forex, man


[00:08:45 26/09/08] Stalion : We put a buy stop @ 1.8400 on the gbpusd,1st target @

1.8445,2ndtarget @ 1.8475, 3rd target @ 1.8528,40 pip stop loss..take half profits when +20 pips in profit

 

[forexgreenland]

Conversations With Forexgreenland(The Matrix 3)

[22:52:48 26/09/08] Stalion : hi there cap

[08:59:41 27/09/08] caprica1 : Hi Stal. I'm still on our long GU trade. I closed out half

lot at +20, and kept my SL where it was. The market closed @ 1.8444-5 last night, so it's

still up. I just hope it doesn't go against me when the market re-opens.

[09:22:54 29/09/08] fxjedi : Looks like the market is set for a "Super Friday" I bet usd up

and jpy up. All the others down...

[09:24:17 29/09/08] fxjedi : Bailouts: ECB's Kranjec: Bailouts are less expensive than

allowing a run on financial instittutions - Sees financial crisis continuing for some time

and there is a need for market and regulators to come up with solution Thai Central Bank

Chief: Ready to add more liquidity into banking system if necessary Belgium Fin Min: ING is

interested in acquiring ABN AMRO- Standing by to help Dexia if needed

[09:28:17 29/09/08] Stalion : seems the US bailout is doing a fine job propping up the

dollar

[09:30:44 29/09/08] fxjedi : Repatriation Flows Help USD? With Asia stocks having fallen and

with European equities in the red, reaction to the US bailout has hardly been universally

positive. "If stocks stay depressed, AUD/JPY, NZD/JPY and AUD/NZD are the obvious losers,

with the USD potentially benefitting from repatriation flows," says RBC Capital Markets.

[09:39:39 29/09/08] fxjedi : as I see the global meltdown of bankruptiecies has started

world wide....love more than 29 )))

[09:41:45 29/09/08] Stalion : looks live usdjpy is about taking a dive for the floor..

[09:42:26 29/09/08] Stalion : I mean, usdchf

[09:47:21 29/09/08] caprica1 : I got stopped out of the cable long from Friday as well

because of the market gap.

[09:47:47 29/09/08] caprica1 : luckly I had taken profit at halff lot size on friday on the

1st target price.

[09:53:59 29/09/08] Stalion : Sell Stop on the USDCHF @ 1.1017, 1st target @ 1.0995, 2nd

target @ 1.0970

[09:54:15 29/09/08] Stalion : 40 pip stop away...

[09:55:51 29/09/08] Stalion : yes cap...there are no guarantees that price must always reach

its target points...doesnt happen in the markets...locking in profits is a sure prudent way

of money mgt

[09:57:45 29/09/08] caprica1 : USDCHF! Stal you branching out into other pairs? lol

[09:59:10 29/09/08] Stalion : helloo takbal..

[10:00:51 29/09/08] takbal : hi guys

[10:01:13 29/09/08] Stalion : lol...just branching on pairs that has a more incisive

technical map,for now, gbpusd doesnt look like its having a high probability setup

[10:03:04 29/09/08] caprica1 : what about the USDJPY? Saw a 123 on the chart this morning.

[10:03:24 29/09/08] fxjedi : BAILOUT: is an American Goverment SCAMMMMMMMMMMM to steal US

tax payers dollar.....aholes

[10:05:03 29/09/08] Stalion : take it easy,jedi

[10:06:23 29/09/08] Stalion : Now cap, why are we putting a sell stop on the

usdchf?technical analysis wise?

[10:07:46 29/09/08] caprica1 : not sure. You got me on that one Stal.

[10:09:24 29/09/08] caprica1 : I'm trying to look for when the price was las at that level

maybe?

[10:14:52 29/09/08] klho83 : Hi Stal It failed stay above 61.8 ret. If it break 1.1017 pivot

(not sure) It wu go down. Correct if m wrong

[10:16:49 29/09/08] Stalion : no probs, cap...on the usdchf 1hr chart, price is around the

60% window or as K said, 61.8 level...price usually make a turnaround there..MACD was saying

negative convergence to price...

[10:18:15 29/09/08] Stalion : technical analysus wise, it should be at the region where we

should be seeing a bearish action..

[10:19:04 29/09/08] Stalion : but remember, guys, news has the potential to obviate it, if

it has a high enough impact

[10:19:05 29/09/08] caprica1 : how have you figured that out Stal?

[10:20:54 29/09/08] luminousfx : any trades on stallion?

[10:24:02 29/09/08] Stalion : welcome, luminous..no...not yet....just pending stops...

[10:25:46 29/09/08] luminousfx : what chart setups are we looking at Stall?

[10:30:33 29/09/08] Stalion : USDCHF, L...and also keeping an eye on GBPUSD..

[10:41:37 29/09/08] luminousfx : ok....

[11:39:26 29/09/08] Stalion : price steadily moving downwards on the USDCHF..

[11:41:32 29/09/08] caprica1 : Stal how did you do the 60% windows for the USDCHF price?

[12:04:47 29/09/08] takbal : caprica look at sep 19-22

[12:09:08 29/09/08] caprica1 : on which chart?

[14:10:17 29/09/08] takbal : caprica whatever chart you like... but there was an obvious

rally from the top of Sep 19 to the low of sep 22. Price is retracing since then, or at

least this is a possible interpretation

[14:10:47 29/09/08] takbal : and looks like it respected the 38% and the 50%, so it is

definitely guided by fib retracement levels

[14:30:47 29/09/08] caprica1 : 1st target hit on the USDCHF.

[14:31:27 29/09/08] caprica1 : half profits taken at +20

[14:55:01 29/09/08] Stalion : cool

[14:55:42 29/09/08] Stalion : [09:53:59 29/09/08] Stalion : Sell Stop on the USDCHF @

1.1017, 1st target @ 1.0995, 2nd target @ 1.0970

[14:56:49 29/09/08] Stalion : 2nd target hit..

[14:56:59 29/09/08] klho83 : All done:cheers:

[14:57:46 29/09/08] klho83 : Good Start for the week . Thanks Stal

[14:58:00 29/09/08] Stalion : lol...no probs,K

[14:58:22 29/09/08] Stalion : 3RD TARGET @ 1.0930

[15:13:47 29/09/08] caprica1 : finally. The site has been down for the last 10-15mins.

Luckly I stuck a 20 point TS on after the 2nd target hit.

[15:16:52 29/09/08] caprica1 : Nice start again to the week

[15:19:40 29/09/08] klho83 : 4th target?

[15:21:33 29/09/08] caprica1 : I changed my target to 1.900. Just hit it. I'm happy wth

those pips today

[15:22:09 29/09/08] caprica1 : +117 pips for a Monday. Nice work.

[19:56:30 29/09/08] takbal : bailout plan was refused in the senate as I read... 200 pips

change on eu in 10 minutes

[19:58:08 29/09/08] takbal : wall street practically collapsed

[19:58:42 29/09/08] takbal : Bill Pimco said on CNBC that the markets still pricing in some

kind of bailout package as otherwise the fall would have been even bigger

 

[forexgreenland]

Post #1 Serg Cherkashin wrote on Sep 29, 2008 at 9:16 AM
Hi Sylvester!
I want to ask you.
I have obligations of Japanese companies. They have very small revenue (percent).
What do I do for increase of revenue from these obligations?
How does revenue increase from these obligations?

Helloo there, Serg,
Sorry but it would be much clarifying if you could expantiate on your question... As in,

what kind of ''obligations"? Bonds..? Debentures...?Hybrid...? Can they be internationally traded in the global markets or just restricted to Japan? Are they any offshore laws in Japan regulating the modus operandi of the revenue generation in companies?
Just trying to put international law and trade in perspective since you are seem like a slav dealing in Japanese business territory...

Konf;73665 At me strategy simple, I go on a trend, I put stop loss. The trend during

a week, day and 3hour should coincide.

Cool, Konf, the trend is your friend. And if the trend on those timeframes doesnt coincide,what do you do in that situation? you stay off?


[10:03:39 03/10/08] caprica1 : I believe it's NFP today as well, so things are a little

quiet at the moment.

[10:07:06 03/10/08] fxjedi : look like lull before storm,i think

[10:08:21 03/10/08] enolase : whatever the storm is, i prefer to watch it from the sidelines

[10:08:40 03/10/08] enolase : we could possibly see some funny retracements whatever the

initial price action

[10:09:28 03/10/08] caprica1 : I dont like trading at all on NFP day, so it might be the

start of a long weekend for me

[10:11:26 03/10/08] Stalion : seems almost every trader's had the creeps during NFP

day...sometimes sounds like Black Friday with all its volatility and whipsaws...

[10:30:22 03/10/08] fxjedi : whatever happen, I believe the market is going down...seem

inevidble...the market around the world are horrible. ///TP DJIA 9611 and thats being

conservitive...

[10:31:32 03/10/08] albashir : gm all

[10:34:51 03/10/08] Stalion : helloo there albashir..

[10:37:44 03/10/08] fxjedi : Trading takes time, patience and effort. Trading is simple but

not easy. You must learn how to identify quality trades and become disciplined to take only

those quality trades. Until next time, may most ofl your trades be green and your losses

small.

[10:43:06 03/10/08] albashir : hey stal mornin 2 u...

[10:46:05 03/10/08] masif1 : morning all

[10:46:14 03/10/08] masif1 : by the way stal

[10:46:35 03/10/08] masif1 : we had two stop outs yesterday and one target hit

[10:46:50 03/10/08] Stalion : morning al...morning masif....welcome to White Friday...

[10:48:54 03/10/08] Stalion : depends on how you you look at it,al....and your reaction to

the report..

[10:49:03 03/10/08] albashir : salaam masif, Jumah Mubarak..

[10:50:52 03/10/08] masif1 : jumah mubarak brother

[10:52:49 03/10/08] albashir : well long b4 i came to know of ur lovely but unavoidable

tread/blog...... i use to trade NFP using hedging mtd....mostly profitable until i cld not

put a SL and PT due to network.....and funny me..... i got drained out.

[10:53:52 03/10/08] albashir : now I'm saving some of my family upkeep allowance to get back

on track...it used to be the only news I trade.

[10:59:13 03/10/08] Stalion : hmmmmm...

[11:05:13 03/10/08] Stalion : sell stop on gbpusd @ 1.7660, 1st target @ 1.7603...40 pip

stop away..

[11:09:25 03/10/08] albashir : ok..copy dat..

[11:10:22 03/10/08] Stalion : take half profits after +20 pips ...

[11:22:05 03/10/08] masif1 : stal are the short on usd/chf still valid - or can i delete the

orders

[11:22:19 03/10/08] albashir : did anyone get triggered?

[11:23:57 03/10/08] albashir : yea,....mine is still pending lyk masif's 2....do we keep it

or delete it?

[12:30:21 03/10/08] caprica1 : looks like its triggered now

[12:32:47 03/10/08] masif1 : its triggered

[12:40:27 03/10/08] albashir : its triggerd but fluctuatin.....

[12:42:01 03/10/08] caprica1 : it's triggered now Al. It's best to just leave it alone, and

not stare at the screen reacting to every little movement.

[12:47:19 03/10/08] caprica1 : it'll drive you crazy man. Just have a quick look every 15M

thas enough.

[13:22:24 03/10/08] takbal : NFP is out in 7 minutes... if you stay in, you ar practically

gambling

[13:34:27 03/10/08] Stalion : helloo guys..

[13:38:45 03/10/08] Stalion : unemployment rate was the same...non farm payroll was -159k,

which was lower dan expectations...the actual was lower dan the forecast, which was

unfavourable to the US...

[13:40:41 03/10/08] Stalion : price made a low of 1.7629, which was 31 pips...taking off

half profits at +20 pips and shifting sl to entry would have guaranteed some pippy in the

kitty...

[13:59:29 03/10/08] albashir : it hit d SL....but available to reenter.

[14:00:13 03/10/08] albashir : was unavailable to reenter

[14:20:23 03/10/08] Stalion : you would have made more than 100 pips if you had reentered

with a 25 pip trailing stop loss, albashir..

[14:33:10 03/10/08] caprica1 : Dont worry bout it I didn't even trade. I stuck to my guns

and didn't trade the NFP day.

[14:44:01 03/10/08] Stalion : didnt you make any money from that call, albashir?

[14:45:55 03/10/08] albashir : none bro....d 40pip SL was hit while away and cld nt

reenter....

[14:46:58 03/10/08] albashir : can't even place any order wt dis situation.......wld hold on

a while but wld be on demo for the tym

[14:47:19 03/10/08] Stalion : and you didnt take off some profits while it was 30 pips in

your favour?

[14:48:52 03/10/08] klho83 : Hi Stal

[14:50:25 03/10/08] albashir : wat u say...

[14:51:52 03/10/08] caprica1 : its moved back up towards the entry point again. Why not put

a limit order in for the .7660

[14:54:14 03/10/08] Stalion : helloo there, K

[14:54:21 03/10/08] masif1 : damn what happened went to pray jumma come back and we goit

stopped out

[14:56:03 03/10/08] Stalion : you didnt follow the risk mgt rules, masif...

[14:56:36 03/10/08] masif1 : ok

[14:58:04 03/10/08] Stalion : you have to understand that the market is like life

itself...ever flowing..ever moving...not waiting for anyone...if you see your opportunity to

make money, you LOCK IN

[14:58:29 03/10/08] Stalion : profits...because price would always continue moving..whether

we are there or not..

[14:59:55 03/10/08] Stalion : in this time of volatility in the markets, traders dont find

it prudent to set and forget...coz anything can happen in a second...dats why trading

discipline ,dedication and patience are necessary if you want to succeed..

[15:00:02 03/10/08] masif1 : ok

[15:01:32 03/10/08] Stalion : the potential to make 105 pips was presented on

reentry....based on our trade alert...I made 84 pips before my trailing stop was hit...

[15:01:47 03/10/08] masif1 : was away from the desk

[15:04:32 03/10/08] caprica1 : would you recommend re-entering again now Stal? MACD is

showing a positive divergance though.

[15:14:32 03/10/08] masif1 : hi guys

[15:14:57 03/10/08] masif1 : culd have made money on both short and long today

[15:15:05 03/10/08] caprica1 : no I didn't enter it in time Stal

[15:15:26 03/10/08] Stalion : not yet,cap....

[15:19:34 03/10/08] caprica1 : kool

[15:25:05 03/10/08] Stalion : price going up again...

[15:26:56 03/10/08] Stalion : if you had reentered back at our original entry call, it would

have been an uncomfortable ride by now..

[15:27:13 03/10/08] caprica1 : gud job i didn't then! lol

[15:28:16 03/10/08] masif1 : lol

[15:28:40 03/10/08] albashir : ok stal...aaf a long position on gu....wat do u say?

[15:35:27 03/10/08] albashir : stal ....

[15:42:45 03/10/08] masif1 : somethings boosted GBP!

[15:43:14 03/10/08] masif1 : its shooting up big time

[15:43:46 03/10/08] masif1 : i feel like singing the national anthem

[16:11:03 03/10/08] caprica1 : your not all alone mate. I'm here for a little bit now! lol

[16:17:14 03/10/08] masif1 : lol

[16:17:30 03/10/08] masif1 : shame i'm not trading

[16:20:52 03/10/08] caprica1 : lol. How goes it dude?

[16:26:05 03/10/08] albashir : Alhadu llah....came out with 120pips longing GU

 

[forexgreenland]

[10:25:11] Stalion : We put a BUY STOP ON GBPUSD @ 1.7605...1st target @ 1.7655.. 2nd target @ 1.7685, 3rd target @ 1.7715
40 pip stop loss..

 

[forexgreenland]

[08:56:29 06/10/08] Stalion : helloo everyone..

[09:00:20 06/10/08] Stalion : not much news with the major pairs today except CAD and Au..

[09:03:17 06/10/08] Stalion : hope you'all had a wonderful weekend...

[09:04:12 06/10/08] klho83 : Hope have a good start today
price is about breaking new lows ,

[09:24:22 06/10/08] klho83 : breaking new lows?

[09:25:38 06/10/08] Stalion : gbpusd

[10:24:57 06/10/08] masif1 : morning all

[10:25:11 06/10/08] Stalion : We put a BUY STOP ON GBPUSD @ 1.7605...1st target @ 1.7655..40

pip sto loss..

[10:26:40 06/10/08] Stalion : hi masif

[10:28:12 06/10/08] Stalion : 2nd target @ 1.7685, 3rd target @ 1.7715

[11:08:38 06/10/08] Stalion : range trading monday...due to lack of high impact news..

[11:38:34 06/10/08] Stalion : buy stop triggered..

[12:22:07 06/10/08] fxjedi : Long term trends rarely reverse quickly & markets often

over-shoot & tease convictions with counter moves over a period of time prior to making any

sustained turn.. Reacting to market warning signs with good risk adjusted analytics is an

integral part of all long & medium term strategic play.. Since all of us are only transient

player in a never ending game where major tops & bottoms are only evident in hindsight, one

should be content with placing the right bets on part of a move instead of kicking our

behind over all those "lost pips" looking at the charts afterward..

[12:30:51 06/10/08] fxjedi : but mine havnt trigered,Stal,since you said to put 3 pip spread

on top of bid prices,should i still leave pending order?

[12:34:40 06/10/08] Stalion : no probs...jedi...forgot to add the 3 pip spreads on

cable...so the pending buy still stands,ok...

[12:36:23 06/10/08] fxjedi : roger dat

[12:42:48 06/10/08] masif1 : dont worry fxjedi - its a good thing u havent triggered, as i

think its about to hit our s/

[12:53:44 06/10/08] takbal : hi guys

[12:53:49 06/10/08] fxjedi : seems stal is right about market on range trading,not much

movement from wat i can see

[12:55:56 06/10/08] fxjedi : hey takbal

[13:01:55 06/10/08] fxjedi : so my buy stop is waiting to triger at 17608

[13:03:38 06/10/08] fxjedi : triger is hit

[13:04:41 06/10/08] Stalion : nice one,jedi.....for those dat got stopped,pls reenter

[13:12:55 06/10/08] Stalion : remember to take off half profits when +20 pips ahead as price

is going ahead in our favour...then adjust sl to entry

[13:16:34 06/10/08] fxjedi : wow,look at gu fly!!!

[13:18:05 06/10/08] Stalion : put a 25 pip trailing stop on it now...

[13:18:47 06/10/08] fxjedi : any 3rd target,Stal?

[13:19:32 06/10/08] fxjedi : almost 10 pips to 2nd taget 17655

[13:20:26 06/10/08] Stalion : [10:28:12 06/10/08] Stalion : 2nd target @ 1.7685, 3rd target @ 1.7715

ImageShack - Hosting :: gbpubb6.gif

[14:49:22 06/10/08] masif1 : damn damn damn damn damn

[14:49:27 06/10/08] masif1 : got stopped out

[14:49:49 06/10/08] masif1 : didnt get a chance to out the triling sl in

[14:53:22 06/10/08] masif1 : put the trailing sl

[15:18:33 06/10/08] masif1 : whats happened to gbp

[15:18:45 06/10/08] masif1 : going down down down

[16:10:09 06/10/08] klho83 : Bad Start. Stopped out!

Originally posted by batangas:
[qb] Wow, how far down can this British lettuce go (now at 1.7370)? [/qb]

Helloo batangas,

Lets take a good look at this chart and generate some insights here...
1.7839-1.7513=0.0326
0.3*0.0326=0.00978
1.7513+0.00978=1.7610 (30% sell window)
1

That is the region where price turned around and went further bearish on the downside. You

take the high price of the current move and subtract it from the low of the current move.

The low is the price made just before the market began to trade higher against the

prevailing downtrend.
As soon as the market establishes an intermediate low and starts to trade higher from this

low, subtract the high (the high price at the begining of the prevailing trend prior to this

intermediate low) from the low.This will equal the total price range of the original

move...0.0326
Multiplying the range by 30% and adding it to the low foretells the begining of the 30% sell

window.
But I could hear some of you say''Hey, didnt he talk about price having a high probability

of a turnaround at the 60% window? Why 30%''
''Using 60%retracement for buy and sell windows is an excellent technique for most

markets.However when the trend in a market is extremely strong, the market will begin to

make small and quck corrections that usually last three to five bars in intraday trading.
The stronger the market, the shorter the correction time period. These strongly trending

markets will normally see the market retrace to around 30% of the original move. This level

still offers some very good reversal signals.'' John Crane - Advanced Swing Trading..
So my anticipation of price reaching the 60% sell window was wrong due to the strongly

trending move on the GBPUSD.It got round the 30% window and thats more it could chew before

going back down.

ImageShack - Hosting :: gbpusou3.gif

By our extrapolation, we could see price on the GBPUSD reaching a low of 1.7264..
So for a good entry, we could either sell now or wait for price to finish its upward retracement and break the support in line with the prevailing downtrend to our next low or support at 1.7264.
Since our analysis was taken from the hourly chart(1 hr), it might take sometime before we reach our target.

 

[forexgreenland]

[09:55:34 07/10/08] didi : hello everyone

[10:51:28 07/10/08] masif1 : hello

[11:03:41 07/10/08] Stalion : helloo everyone..

[11:06:18 07/10/08] masif1 : hi stal

[11:06:34 07/10/08] masif1 : how u doing bro?

[11:57:09 07/10/08] fxjedi : hello masif

[12:05:27 07/10/08] caprica1 : you there dude?

[12:51:46 07/10/08] fxjedi : Stal, we missed yesterday gu drop and it went close to 200

pips
[12:51:47 07/10/08] caprica1 : how is everyone?
[12:53:14 07/10/08] Stalion : cool
[12:56:10 07/10/08] Stalion : i saw that,jedi....went short at the 2nd support level

@1.7455...
[12:57:15 07/10/08] Stalion : price on the gbp is going up to 1.7515 before turning around

[13:50:00 07/10/08] Stalion : we put a sell stop on gbpusd @ 1.7483...1st target @

1.7455...2nd target @ 1.7425...

[13:50:43 07/10/08] fxjedi : sl?

[13:52:37 07/10/08] Stalion : 1.7545 as stop loss

[13:53:35 07/10/08] fxjedi : okay

[14:14:28 07/10/08] Stalion : price on cable has breached the 60% sell window...so we should

be seeing a turnaround in the downside..

[14:15:34 07/10/08] Stalion : if the opposite occurs, as in ,a sustained uptrend, that means

a new trend forming..

[14:16:36 07/10/08] Stalion : the one we are watching now on the 15th minute, is a

retracement...

[14:18:20 07/10/08] Stalion : if it continues going up, a new trend...an uptrend,..is

formed..

[14:20:41 07/10/08] fxjedi : if i get you right, stal, do you mean we are retracing?

[14:25:55 07/10/08] Stalion : yes, jedi....if you look at price now, we are @

1.7546...technically, we are around the level where the retracement is over,with an

intermediate high, then resuming its prevailing downtrend

[14:30:03 07/10/08] Stalion : but if the uptrend is sustained, and breaks the next

resistance high

[14:32:05 07/10/08] Stalion : we see opportunity for a counter trend

[14:46:41 07/10/08] Stalion : whats the name of the spike up there,cap...the high...

[14:51:48 07/10/08] klho83 : Hi Stal , the trade signal still valid?

[14:55:32 07/10/08] Stalion : yes it is , K...do you have an answer to our question,K?

[14:58:38 07/10/08] caprica1 : sorry Stal got logged out again.

[15:03:15 07/10/08] Stalion : we could adjust our sell stop upward to 1.7565...1st target @

1.7530...2nd target @ 1.7440....

[15:04:08 07/10/08] Stalion : no probs....so whats d name of the candlestick high on the

gbpusd 15min chart

[15:05:13 07/10/08] caprica1 : shooting Star?

[15:07:29 07/10/08] caprica1 : or an inverted hammer

[15:09:12 07/10/08] Stalion : shooting star

[15:13:57 07/10/08] caprica1 : I was right first time! lol

[15:14:10 07/10/08] caprica1 : that is a reversal bar as well?

[15:20:26 07/10/08] fxjedi : but stal , what if the trend continue going up?

[15:22:10 07/10/08] klho83 : now triple tops

[15:22:54 07/10/08] Stalion : cool, K

[15:23:59 07/10/08] Stalion : but remember the current high has broken and pierced through

the two previous high region

[15:24:52 07/10/08] caprica1 : still got yesterdays high to break through to confirm an up

trend continuation for me

[15:25:11 07/10/08] klho83 : Is dat going to to breakout? Stal

[15:28:09 07/10/08] caprica1 : a triple touch of a price level would class it as resistance.

[15:28:28 07/10/08] Stalion : What is MACD saying on the 1hr and 15 min charts?

[15:29:55 07/10/08] caprica1 : GU has lost some of its momentum from the up move earlier on.

[15:31:03 07/10/08] klho83 : 1H MACD has crossed zero line in +ve zone

[15:31:22 07/10/08] fxjedi : do you mean divergence, stallion?

[15:32:00 07/10/08] klho83 : +ve divergence

[15:33:49 07/10/08] Stalion : yes, on the 1 hr chart..

[15:35:47 07/10/08] klho83 : On 15mins it looks a bit tired

[15:36:23 07/10/08] Stalion : using a demand(resistance trendline) from the current top of

price and a line on the top of MACD, we could see bearish negative dgence to price

[15:38:53 07/10/08] klho83 : On 15mins chart?

[15:39:11 07/10/08] Stalion : remember, guys...the 15min tends to act faster than the

hourly...so I guess a slight downward movement might take place before 1hr divergence kicks

in on thee upside..

[15:45:57 07/10/08] Stalion : can we see gu dropping it like its hot??presently @ 1.7564

[15:53:58 07/10/08] fxjedi : it going back up

[16:00:22 07/10/08] fxjedi : it is true theres is so much money in the system but it looks

like bankers are keeping it under their own matteress !!! this is strange. They borrow money

from the central banks, and put it back with them ...That way they are sure not to lose too

much !!!!

[16:11:27 07/10/08] fxjedi : i reentered,stal,

[19:10:47 07/10/08] albashir : been away all day...did u guys haf a trade call today?

[19:58:40 07/10/08] Stalion : so we made 125 pips, less 40 pips...which is a net profit of

*5 minilot,$850 standard lot on gbpusd..

 

[forexgreenland]

[21:50:35 07/10/08] forexplay : Hello Is anyone there
[08:54:06 08/10/08] masif1 : hello
[08:55:01 08/10/08] caprica1 : morning everyone
[10:19:03 08/10/08] Stalion : price made a triple bottom on our 60% buy window and SPOOF
[10:19:35 08/10/08] Stalion : IT GOES...
[10:23:13 08/10/08] klho83 : Hi Stal!
[10:36:51 08/10/08] Stalion : helloo there K
[10:37:23 08/10/08] caprica1 : hi Stal
[10:37:34 08/10/08] Stalion : what are we having now on the GBPUSD 15min chart? A
retracement or a trend?
[10:38:37 08/10/08] caprica1 : a retracement
[10:39:51 08/10/08] Stalion : everywhere so silent....
[10:40:20 08/10/08] Stalion : K?
[10:40:44 08/10/08] Stalion : remember to tell us ur reasons, guys?
[10:42:01 08/10/08] Stalion : c'mmon...K...you can do it...talk to papi
[10:42:58 08/10/08] klho83 : GU weak
[10:43:24 08/10/08] caprica1 : it's still contained with the previous swing high and swing
low
[10:46:05 08/10/08] Stalion : yea, K....but is it a trend or a retracement?
[10:46:54 08/10/08] klho83 : It treanding down
[10:47:19 08/10/08] klho83 : Trend Sir!
[10:47:23 08/10/08] caprica1 : the overall trend o the GU is down
[10:49:01 08/10/08] klho83 : If look at $H or daily chart GU is trending down
[10:49:22 08/10/08] klho83 : 4H od daily
[10:50:02 08/10/08] Stalion : Both are right....it was a retracement at that time cap was
watching ...though wanted to ask him at what percent of the ''containment'' should the
previous swing high differ from the previous swing low
[10:51:37 08/10/08] Stalion : it had to breach a percentage of the containment a la
caprica...in order to tell us there's a change of retracement to trend
[10:52:33 08/10/08] Stalion : or in some cases, trend to retracement
[10:56:41 08/10/08] klho83 : Hi Stal, Can U explain " Containment"?
[10:58:14 08/10/08] caprica1 : think it he means it that price was contained within the
previous swing high and swing low K
[10:58:34 08/10/08] caprica1 : Soit would have had to breach the swing low to confirm the
down trend continuation
[11:00:08 08/10/08] Stalion : voila
[11:00:33 08/10/08] caprica1 : see I have learnt something! lol
[11:01:45 08/10/08] Stalion : hope you understand,K
[11:04:21 08/10/08] caprica1 : I sent you a PM about the buy and sell windows Stal. You get
it?
[11:04:41 08/10/08] masif1 : i dont understand
[11:05:16 08/10/08] masif1 : the british government is to bailout the UK banks with £50
Billion
[11:05:26 08/10/08] masif1 : but cable is still dropping
[11:05:29 08/10/08] Stalion : remember most times, we look for a breach of the pyschological
number/grid below or above the 60% retracement level to confirm establishment of a new
trend...in this case, a downtrend
[11:59:22 08/10/08] fxjedi : ECB Unlikely To Join Coordinated Cuton't count on a
coordinated rate cut, says Calyon. "Doubts have to remain over the ECB's commitment to such
a plan," the bank says, suggesting that monetary policy, like the various money market and
banking sector policy changes, "will remain local in origin and scope."
[12:43:46 08/10/08] fxjedi :
Fed orders emergency rate cut, other banks follow - Yahoo! News
2BCs0NUE
[12:44:07 08/10/08] fxjedi : WASHINGTON - The Federal Reserve, acting in coordination with
other global central banking authorities, cut a key U.S. interest rate by half a percentage
point Wednesday to steady a teetering economy. ADVERTISEMENT The Fed reduced its key rate
from 2 percent to 1.5 percent. In Europe, which also has been hard hit by the financial
crisis, the Bank of England cut its rate by half a point to 4.5 percent, while the European
Central Bank sliced its rate to 3.75 percent. Other central banks also taking part include
the banks of Canada, Sweden, and Switzerland.
[12:45:37 08/10/08] fxjedi : if everyone is cutting rates,i wudnt think there wud be any
reaction in the markets,stal
[14:38:13 08/10/08] Stalion : Sell Stop on the gbpusd @ 1.7390, 1st target @ 1.7355, 2nd
target @ 1.7305, 40 pip sl

[14:57:21 08/10/08] Stalion : 10 pips to go
[15:02:20 08/10/08] Stalion : breaching the two grids/pyschological number levels
below,signifies price retracement turning to a new downtrend..
[15:06:01 08/10/08] Stalion : many traders also wait for the major low/support to be
breached before confirming a new downtrend on the bearish side..
[15:10:09 08/10/08] Stalion : take half profits now, if you havent done so already
[15:10:25 08/10/08] fxjedi : hi
[15:13:51 08/10/08] Stalion : helloo argunes,jedi
[15:14:57 08/10/08] argunes : I've jsut entered and I see its amazing so many experienced
traders sharing information
[15:15:05 08/10/08] Stalion : thanx, man....How is Instabul?
[15:15:34 08/10/08] argunes : Rainy nowadays.
[15:16:18 08/10/08] Stalion : same here in Lagos...
[15:16:27 08/10/08] argunes : May I ask what time is it on your location?
[15:17:06 08/10/08] Stalion : Its 3.16pm here
[15:17:10 08/10/08] Stalion : urs?
[15:17:51 08/10/08] argunes : 17.17 here.
[15:18:53 08/10/08] Stalion : 2hr ahead
[15:20:02 08/10/08] argunes : Yes. I need to leave. Good trading everyone.
[15:28:20 08/10/08] Stalion : thanks argunes
[15:28:57 08/10/08] Stalion : 1st target hit

[15:36:47 08/10/08] Stalion : whats DKK,jedi?
[15:37:31 08/10/08] fxjedi : BOE especially, but also ECB have plenty of room to cut rates
further. Unfortunately the stock markets will need to drop further to spur them into action.
Paulson urged this move because his wife has urging him to stay home this weekend and once
take a weekend free without a rescue operation.
[15:38:19 08/10/08] fxjedi : am not realy sure,am jus sharing forex news,stal
[15:48:35 08/10/08] fxjedi : looks gu is going down again to next target,stal
[16:00:53 08/10/08] fxjedi : Japanese Nobel Physics laureate Toshihide Maskawa, an introvert
devoted to thinking about the universe, has no passport to go to Stockholm to accept the
prize, his wife revealed on
Wednesday...Shy Japanese Nobel laureate has no passport: wife - Yahoo! News
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[16:08:50 08/10/08] Stalion : please put a 15 to 25 pip trailing stop on it
[16:11:09 08/10/08] fxjedi : roger dat
[16:16:31 08/10/08] fxjedi : 2nd target hit

[16:21:10 08/10/08] Stalion : lol...dats nice....a trailing stop will ensure you follow
price to its lowest before cutting you out..
[16:27:49 08/10/08] fxjedi : am thru for d day, stal,
[16:28:00 08/10/08] fxjedi : thanks a lot

[

By our extrapolation, we could see price on the GBPUSD reaching a low of 1.7264..
So for a good entry, we could either sell now or wait for price to finish its upward

retracement and break the support in line with the prevailing downtrend to our next low or

support at 1.7264.
Since our analysis was taken from the hourly chart(1 hr), it might take sometime before we

reach our target.