[10:17:01 15/10/08] fxjedi : hi all

[10:18:37 15/10/08] Tpack : hi fxjedi

[10:20:56 15/10/08] fxjedi : stalion sent a text alert, looks like he coudnt yet make it

online

[10:22:17 15/10/08] fxjedi : buy stop gu at 17467,1st target at 17509, 2nd target at 17535,

sl at 17421

[10:23:06 15/10/08] fxjedi : hi klho83

[10:23:10 15/10/08] klho83 : yup! got it. thanks

[10:23:28 15/10/08] klho83 : thanks fx

[10:23:29 15/10/08] fxjedi : did u get text?

[10:23:59 15/10/08] klho83 : yes

[10:24:06 15/10/08] fxjedi : ok

[10:25:59 15/10/08] fxjedi : hope we have another good trading day today

[10:39:23 15/10/08] Stalion : hi everyone..

[10:40:06 15/10/08] Stalion : sorry for being late today...had some problems with my

internet network...even the back up was down...

[10:41:03 15/10/08] fxjedi : hi stal

[10:41:48 15/10/08] Stalion : helloo there jedi..I seen you got my text alrite...

[10:42:38 15/10/08] fxjedi : sure did,

[10:44:07 15/10/08] Stalion : price on the GBPUSD steadily moving up to our 1st target of

1.7509..presently at 1.7500 as we speak..

[10:45:57 15/10/08] Stalion : hi tupac

[10:46:33 15/10/08] Tpack : Hi Stalion

[10:47:15 15/10/08] klho83 : Hi stal thanks for the text alert

[10:49:21 15/10/08] klho83 : TP 1 hit

[10:49:23 15/10/08] Stalion : no probs,K...part of the package,u know...I jus got back on

after some hours of internet disconnection...had to call my broker and ask for prices before

the text alert

[10:49:37 15/10/08] fxjedi : 1st taget hit



[10:50:14 15/10/08] Stalion : cool

[10:50:21 15/10/08] caprica1 : Hi Stal. How's it going ?

[10:50:31 15/10/08] Stalion : take profits, den shift stop loss to entry as usual...

[10:50:49 15/10/08] Stalion : helloo there cap

[10:52:01 15/10/08] Stalion : please dont wait until price retraces and clear out ur

profits....just take half profits now, den shift sl to entry...d remaining half is for 2nd

target or reentry

[10:53:24 15/10/08] Tpack : nice call stalion I can see the price projection from

17420-17495 and applied to the 17467 , was the trade a 60pct from the high of the17495 and

then the triger is the higher higs on the candles ?

[10:59:53 15/10/08] fxjedi : gu going for seconfd taget

[11:04:30 15/10/08] Stalion : cool...

[11:04:34 15/10/08] masif1 : did i miss the alert

[11:04:40 15/10/08] masif1 : first target alredy hit?

[11:05:41 15/10/08] Stalion : am not sure I understand your question,tupac...?

[11:06:11 15/10/08] Stalion : yes, masif....a lil late for the party..

[11:06:38 15/10/08] Stalion : but you can still go for 2nd target...though with more higher

risk..

[11:08:39 15/10/08] Tpack : Hi Stalion . I was just checking to see if I could figure where

you got the projection from and what was the trigger as price was meandering in and around

that area for a couple of areas what wass the trigger which made your decision ?

[11:08:58 15/10/08] Stalion : remember guys, once it gets to the 1.7525 region, you can put

in a a 15 to 25 pip trailing stop on the trade..since our sl is now at entry, we are

''playing with house money''..

[11:10:48 15/10/08] fxjedi : Always take three ‘vectors’ to understand a position, in order

to orientate a direction ‘of trade’.

[11:11:04 15/10/08] fxjedi : A fourth gives conformation

[11:11:17 15/10/08] fxjedi : It is a matter of certainty of a trade – or how stable you are

sitting on a seat with less than three or four legs

[11:11:30 15/10/08] fxjedi : Of course it all depends on what time scale you trade on – but

the longer charts cannot be ignored.

[11:11:46 15/10/08] fxjedi : Pips are where pips are for now

[11:13:43 15/10/08] Stalion : you could say any trigger on a trade wud be due to a

''confluence of events''...and intuition

[11:21:57 15/10/08] Stalion : 2nd target hit.....!!



[11:22:28 15/10/08] Stalion : 25 pip trailing stop locked on

[11:23:41 15/10/08] fxjedi : just made 68 pips , stal,

[11:23:55 15/10/08] fxjedi : thanks

[11:24:10 15/10/08] fxjedi : Very Happy

[11:24:55 15/10/08] Stalion : no probs...jedi...the market did it again..

[11:25:26 15/10/08] Stalion : and looks like its going for more pips..

[11:26:12 15/10/08] fxjedi : whooohoooo,

[11:27:33 15/10/08] fxjedi : The outlook for emerging-market currencies isn't particularly

positive, even if the appetite for risk continues to recover.

[11:31:55 15/10/08] fxjedi : Emerging-market currencies have managed to recoup some of their

recent losses as investors swallow their concerns and return to the markets, but they're

still likely to exercise a high degree of caution toward these risky units, analysts warn.

[11:32:16 15/10/08] Stalion : are you still in the GBPUSD trade, K?

[11:33:28 15/10/08] klho83 : 50% 1st Target .25% 2nd target last 25% trailinggggggggg

[11:33:36 15/10/08] masif1 : well done guys

[11:33:59 15/10/08] masif1 : so now your on a 25pips trailing s/l?

[11:34:22 15/10/08] klho83 : 30pips trail

[11:39:03 15/10/08] Stalion : you see, yesterday, if you'd use our standard risk mgt

principle, you would have been stopped out at ur entry while making +40 pips...

[11:40:53 15/10/08] Stalion : remember, the market is not the same like 6 months ago...lots

of volatility and bad financial news out there,.....so it wont be prudent if we always wait

for an extended rally or decline breakout,which doesnt occur all the time..

[11:41:13 15/10/08] Stalion : even enolase cut his profits yesterday and scrammed

[11:41:55 15/10/08] fxjedi : gu shhoting up,

[11:42:19 15/10/08] fxjedi : am 100 pips gain

[11:42:35 15/10/08] fxjedi : klho83, can you see that?

[11:43:02 15/10/08] klho83 : Hitting The Moom Smile

[11:44:07 15/10/08] Stalion : mama mia!!!!

[11:44:22 15/10/08] fxjedi : yeah!



[11:44:50 15/10/08] Stalion : santa maria!!!

[11:45:18 15/10/08] fxjedi : yea!

[11:45:35 15/10/08] fxjedi : LMAO

[11:46:17 15/10/08] fxjedi : Laughing My A** Out!

[11:47:07 15/10/08] masif1 : wheres klho?

[11:47:21 15/10/08] masif1 : well done guys

[11:47:37 15/10/08] klho83 : Still on the flight!

[11:48:04 15/10/08] fxjedi : lol

[11:48:32 15/10/08] fxjedi : rocket to moon?

[11:48:56 15/10/08] klho83 : Stal where can land?

[11:50:06 15/10/08] Stalion : dont be greedy,guys....we are ''playing with house money''

now...since our sl is at entry point...or 15 to 30 pips in trailing stop...

[11:51:08 15/10/08] Stalion : you can land when price retraces down to 30 pips..in

yourcase...ur trailing stop kicks in and ensures you get out at the farthest price can go in

the moment

[11:53:13 15/10/08] klho83 : out for 120pips

[11:53:46 15/10/08] Stalion : see it pause and retrace at the pychological number/grid at

1.7600

[11:54:19 15/10/08] klho83 : yeap! round number

[11:54:31 15/10/08] Stalion : then retrace down to stop K at a 120 pip profit..

[11:56:25 15/10/08] fxjedi : sure,i got out at 128 pips,

[11:59:00 15/10/08] Stalion : We gotta learn to take trading seriously, masif...Trading is a

business and should be treated as such

[11:59:36 15/10/08] masif1 : noted

[11:59:55 15/10/08] fxjedi : with a 15 pip sl

[12:00:17 15/10/08] fxjedi : traillingsstop

[12:01:59 15/10/08] Stalion : cool

[12:07:32 15/10/08] Stalion : price retracing downwards...the bearish drive may continue to

1.7500 or lower

[12:08:43 15/10/08] Stalion : or just continue going up...

[12:09:30 15/10/08] Stalion : where do you think its going,K..?continue up or going down?

[12:12:17 15/10/08] Stalion : I've already sold, by the way

[12:12:20 15/10/08] fxjedi : down?

[12:12:55 15/10/08] Stalion : yes...jedi

[12:13:21 15/10/08] Stalion : but to how much distance?

[12:15:00 15/10/08] fxjedi : not sure,but maybe going down to previous support

[12:17:17 15/10/08] Stalion : cool

[12:18:51 15/10/08] Stalion : some made close to 130 pips in less than 3 hours today...

[12:19:54 15/10/08] Stalion : +128 pips, $128 minilot...$1280 standard lot on cable (GBPUSD)

[12:37:01 15/10/08] klho83 : Hi Stal just back to my PC. GU should go up futher. Resistance

level at 17630 ..?

[12:39:01 15/10/08] enolase : a very great call

[12:40:34 15/10/08] klho83 : MACD already shows sign of divergence..

[12:41:39 15/10/08] klho83 : wu retrace from there or lower..correct me stal ..if i'm

wrong..

[12:56:08 15/10/08] masif1 : so who's on short on GU now?

[13:04:42 15/10/08] enolase : i actually set my target there

[13:27:32 15/10/08] enolase : GU formed a double top at 1.7570

[13:28:42 15/10/08] enolase : i checked my one hour chart and found that it made 1.7570

yesterday and today

[13:38:05 15/10/08] masif1 : so u went short on it as well?

[14:46:39 15/10/08] argunes : hi everyone! looks like i missed the fun.

[18:16:24 15/10/08] Stalion : yes you did, argunes....

[18:47:17 15/10/08] Stalion : [12:07:32 15/10/08] Stalion : price retracing downwards...the

bearish drive may continue to 1.7500 or lower

[18:47:41 15/10/08] Stalion : Price moved almost 300 pips below 1.7500