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[13:49:15] Stalion :sell stop for gbpusd @ 1.7982, 1st targget @ 1.7946

[14:07:05] Stalion : price on the gbpusd and usdjpy are still on a range on this Monday afternoon...low volume activity

today due to holiday season..chances of making profits from a breakout unlikely

[14:19:53] klho83 : Hi Stal the trade calls still valid or not totrade

[14:22:58] klho83 : As you said chance of making profit is unlikely,so better not to take the trade

[14:25:03] caprica1 : i've still got my pending orders for the gu pair.

[14:25:38] fxjedi : me too

[14:26:51] caprica1 : althugh my original trading balance of £300 is now down to £51. I may have to deposit some more

money I think.

[14:29:06] masif1 : stalion - no the trade had not triggered

[14:33:06] caprica1 : its gone up alot since this morning

[14:42:33] klho83 : crude oil drop to 112.83

[14:47:03] caprica1 : looking at the stochastics for the uj, it looks like it's over bought. Does that soundabout rite?

[15:07:15] caprica1 : tottenham accept £30 million biid for berbatov from.....Man City!

[15:14:03] caprica1 : how come all the jpy pairs have spiked? Has there been some news?

[15:38:52] masif1 : all the gbp currency pairs gapped this morning

[15:49:36] Stalion : yep...including usdjpy....

[15:49:58] Stalion : jus leave your pending orders in place, its only a matter of time,guys

[16:00:54] caprica1 : gbpusd sell stop just been riggered.

[16:03:00] eugen3000 : mine has not been triggered

[16:04:58] caprica1 : how'd set you up eugen?

[16:09:46] eugen3000 : sell stop at 1.7982, the lowest low at mb trading was 1.7984

[16:10:41] takbal : I see the same as eugen

[16:11:01] takbal : Stalion's entry level was not crossed yet

[16:11:30] takbal : actually, the price bounced from there, showing that it is important...

[16:12:11] caprica1 : I'm with alpar, the low of 1.7982 was triggered.

[16:13:34] eugen3000 : i see cap, stal is also at alpari???

[16:14:31] takbal : maybe you should add a couple of pips to the trade in the future...

[16:16:27] caprica1 : if Stal is with Alpari, and he uses their prices, I may as well stick with it.

[16:22:52] eugen3000 : brb

[16:28:52] caprica1 : i'm almost stopped out again.

[16:30:37] masif1 : i've triggered on the short on GBPUSD

[16:31:18] caprica1 : i'm gone. Just stopped out.

[16:31:33] masif1 : f*** we got stopped out
sell stop@ for gbpusd @ 1.7982 target 1st target @ 1.7946

[16:31:40] masif1 : -40pips

[16:32:24] masif1 : ok guys i is outta here

[17:08:14] takbal : interesting - on my platform the price increased only 38 pips

[17:10:30] albashir : salaaam.....Ramadan Kareem to all....

[23:36:36] takbal : Staliol thanx for the GBPUSD today, it was a great call...



[23:37:47] takbal : I truly wonder what is the trick to predict moves like this

[23:38:42] takbal : must be some simple unwritten rule which everybody agrees on...

[23:39:58] eugen3000 : great trade with the gbpusd sell, thank you, im going to sleep now, bye


[08:40:20] masif1 : salaams all

[08:40:49] masif1 : hey takbal which gbpusd call are you refering to?

[08:41:22] masif1 : [22:36:36] takbal : Staliol thanx for the GBPUSD today, it was a great call...

[08:48:52] Stalion : hi traders..Good Morning on a lovely teuday

[08:49:51] Stalion : hope you made like 36 pips from gbpusd call yesterday on our sell

[08:50:56] eugen3000 : yes, exactly 35 pips for me

[08:51:11] eugen3000 : are the other signals still valid stal? i mean the usdjpy

[08:51:36] Stalion : i knew it took a while but well, we had to have a little patience,guys...

[08:51:44] masif1 : stalion both cap and I got stopped out on the gbpusd short yesterday and therefore lost 40pips

[08:51:59] masif1 : around 1531 yesterday

[08:54:56] masif1 : hello?

[08:55:44] Stalion : how come?

[08:55:50] Stalion : how come, masif? at 15.31, the sell stop trigger have not been hit...

[08:56:05] Stalion : @ 1.7982

[08:59:27] Stalion : u didnt add your 3 pip spread, did you?

[09:01:57] masif1 : your right stalion

[09:02:10] masif1 : we didnt add the 3pips spread

[09:02:19] masif1 : we are both using alpari as well

[09:20:10] takbal : hi guys

[09:20:26] takbal : masif I refer to the GBPUSD at 1.7982

[09:20:57] takbal : for me it was triggered at around 11pm

[09:30:29] Stalion : sorry i didnt have the chance to give you guys the rest of the targets on gbpusd...cable is likely going

down to 1.7592

[09:30:49] Stalion : i'm doing the analysis in a moment to get a good entry

[09:40:05] fxjedi : hi all

[09:40:43] fxjedi : thanks stal, for the cable call yesterday,

[09:41:17] fxjedi : never knew i cud bank up to 35 plus pips after the boring moments

[09:45:31] fxjedi : Australia cuts interest rates for first time since 2001 Australia's central bank has cut interest rates for

the first time in seven years as a housing slowdown threatens to bring economic growth to a halt.

http://www.telegraph.co.uk/money/main.jhtml?xml=

[09:46:49] Stalion : any news on the gbpusd?

[09:48:45] takbal : there was one at 8:30 GMT, UK PMI construction 40.5 vs 36 exp

[09:48:55] takbal : but no reactions

[09:50:54] takbal : Stalion what do you think of EURGBP? We have our saving in GBP which we want to use in a

euro-related currency later...

[09:51:22] fxjedi : EUR, GBP being sold by Europe investors as concerns over economic slowdown in Europe linger,

says trader at Tokyo securities company; "unless very good news related to the European economy crops up, players

won't likely buy back the euro and the pound."

[09:51:25] fxjedi : Focus now on Europe stock, crude oil price moves. Adds it seems some players have already started

selling EUR, GBP to adjust positions ahead of BOE, ECB rate decisions this week.

[09:51:36] takbal : and I am finding an entry point to place a long-term hedge against further weakening as it looks

evident

[09:54:17] Stalion : yeah....seems everyone's selling euros and gbp....

[09:59:30] takbal : yep, but I am interested in the trade between the two... as I need my GBP later converted into EUR

[10:13:27] Stalion : sell stop for gbpusd @ 1.7840,1st target @ 1.7659

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



[10:17:41] Stalion : hi takbal....on the EURGBP pair, price might likely reach up to 0.8254 before going back down...

[10:18:35] takbal : thx Stalion a lot!

[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'

[10:19:59] takbal : sell triggered

[10:21:42] Stalion : cool

[10:23:42] Stalion : lets get ready to rock in roll ,guys.....36 pips yesterday....more than a 100 pips going down for now,

guys

[10:24:12] klho83 : thx stal

[10:26:28] takbal : only fundamental risk is some minor USD news at 14:00 GMT

[10:29:57] takbal : whoo... you are right, again

[10:34:30] takbal : Stalion how sure are you on this call? It is a huge R/R so I am curious whether to risk more and add

to the position

[10:51:49] fxjedi : looks like gu is still going down to stalion's target

[10:52:38] takbal : is yet almost 150 pips away!

[10:54:43] fxjedi : am getting pretty much exciteds, tak,150 pips in just 1 day?

[10:55:30] takbal : looks like Stalion thinks its possible...

[10:57:07] fxjedi : lol, from experience,anything is possible in fx,tak

[11:01:03] Stalion : hi takbal, am quite sure on this call, though nothing is 100% perfect in trading...our risk to reward

ratio is 40:181, which translates to 1:4.5

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!!

[16:12:07] 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

[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

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.



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.

[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

[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

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...

[quote]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..

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?

[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

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

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

[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

[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

[13:01:15 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

[13:28:15 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


[13:40:11 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..

[14:14:35 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.