[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