Hi Dreams, its possible to actualize ur forex dreams by the right dedication, proper

training, patience,hard work and positive mental attitude..

cool,Justin....me too...

Helloo folks,
Today's price action on the gbpusd was really something to write home about..The

unemployment rate report that was released from the UK was unfavourable to the GBP.The

PREVIOUS figures was at 5.7%, while the economists'expectation was 5.8% which was equal to

the ACTUAL release..The higher the unemployment rate,the lower the value of pounds sterling

due to selling on the negative news from UK.
Although it's generally viewed as a lagging indicator, the number of unemployed people is an

important signal of overall economic health because consumer spending is highly correlated

with labor conditions;
More than 375 pips were made this wednesday from GBPUSD drop...$375 minilot..$3750 standard lot..

[22:08:01 11/11/08] Maximus : Hi Stalion...

[22:08:29 11/11/08] Maximus : any order that are still valid...

[22:11:43 11/11/08] Stalion : sell stop on gu at 15400...1st target at 15360...2nd target at

15305...3rd target at 15285...40 pip sl

[22:11:56 11/11/08] djcarlos : 1st target of sell stop??

[22:16:15 11/11/08] Stalion : no probs...

[22:16:54 11/11/08] Stalion : max, you can enter a sell stop at 15370

[22:17:05 11/11/08] Maximus : sp now the sl is that the entry if you get the first target,

am I right or not...

[22:17:21 11/11/08] Maximus : ok Stalion...

[22:18:02 11/11/08] Maximus : same target....

[22:18:28 11/11/08] Stalion : yes

[00:48:59 12/11/08] djcarlos : I read that 1.5270 is the pivot to GU

[09:07:27 12/11/08] Maximus : Hi any trades...

[09:15:57 12/11/08] Stalion : Helloo everyone

[09:21:47 12/11/08] Stalion : not yet, max....we wait for a while....as you can see, the

market is moving back and forth for now...wouldnt do to jump in where there's no sign of a

breakout yet..

[09:22:01 12/11/08] Maximus : yes no prob...

[09:24:00 12/11/08] Stalion : one of the hardest things in trading is knowing when NOT to

trade...easier said than done..

[09:25:45 12/11/08] Maximus : yes it is so true...

[09:41:09 12/11/08] Stalion : market's slow

[09:42:10 12/11/08] Maximus : in my hiumble opinion I think that the market will break down

again with the GBPUSD...

[10:07:27 12/11/08] Stalion : so, entering at 15400 or 15370 is okay

[10:08:09 12/11/08] Stalion : remember to take half profits when +20 pips away

[10:09:20 12/11/08] djcarlos : i dont made the entry

[10:11:06 12/11/08] djcarlos : can i enter now... at 1.5360???

[10:14:35 12/11/08] Stalion : Hi dj

[10:15:01 12/11/08] Stalion : welcome to the party...

[10:15:31 12/11/08] djcarlos : hi, i entered at 1.5350..... i come late

[10:15:45 12/11/08] Stalion : though a bit late,a sell stop at 1.5345 would be more

prudent...

[10:17:05 12/11/08] Stalion : going for our 2nd target of 15305



[10:17:29 12/11/08] Maximus : I took 20 pips and i will reenter....will see...

[10:17:39 12/11/08] djcarlos : ok, its down trend??

[10:20:10 12/11/08] Stalion : we cant tell for now...though looking at the hourly, 4hr,daily

and weekly charts shows that gbpusd have been on a prevailing downtrend..

[10:21:15 12/11/08] Stalion : price might still very well retrace back up....only time will

tell..our job is to position ourselves to take advantage of price movements when we can

[10:22:56 12/11/08] romandaw : morning

[10:23:30 12/11/08] romandaw : nb news about to come out

[10:24:24 12/11/08] Maximus : yes Stalion the gbpusd will retrace...

[10:37:50 12/11/08] romandaw : i was trading the same move without even knowing it.

[10:37:58 12/11/08] romandaw : the gu short

[10:38:49 12/11/08] Stalion : helloo there roman

[12:09:47 12/11/08] Maximus : Hi Stalion...

[12:10:22 12/11/08] Maximus : thx for the pips....

[12:11:54 12/11/08] Stalion : my ohh myy..!price is moving ALL D WAY DOWN!100 plus pips

ahead of 2nd target

[12:13:06 12/11/08] Stalion :hope ur on a trailing stop, max?

[12:16:06 12/11/08] Maximus : Already out of the trade took 50 pips and get out...

[12:16:43 12/11/08] Stalion : lol!

[12:16:57 12/11/08] Stalion : wise move....

[12:17:50 12/11/08] Maximus : Thx Stalion for the call...

[12:22:17 12/11/08] Stalion : no probs.....the uptrend wasnt sustainable eventually

[16:22:47 12/11/08] Stalion : so for today, wednesday, we put a sell stop gu @ 1.5164....1st

target @ 1.5124...2nd target at 1.5095 pip sl away..

[16:37:06 12/11/08] enolase : hi everyone

[16:37:24 12/11/08] enolase : i can't believe i forgot that today was the BoE inflation

report

[16:37:47 12/11/08] enolase : a news item that has delivered in xcess of 300pips downward

movement on the GU pair in the last four months

[16:38:08 12/11/08] enolase : anyway, i think the dive will still continue

[17:38:29 12/11/08] Stalion : cool...