[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
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