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  #21 (permalink)  
Old 09-21-2008, 11:53 PM
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Sell stop on GBPUSD @ 1.8321...1st target @ 1.8275,2nd target @ 1.8245, 3rd target @ 1.8207
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  #22 (permalink)  
Old 09-22-2008, 07:12 PM
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Lightbulb Conversations With Forexgreenland (The Matrix Pt 1)

[quote author=Stalion link=topic=24.msg147943#msg147943 date=1222040241]
Sell stop on GBPUSD @ 1.8321...1st target @ 1.8275,2nd target @ 1.8245, 3rd target @ 1.8207
[/quote]

Chris Taylor (9/22/2008 10:25:28 AM): I got stopped out on te cable trade during the nite.

Stallion (9/22/2008 10:29:35 AM): how come you got stopped out,cap?

Stallion (9/22/2008 10:30:36 AM): didnt u get to 1st target b4 putting sl to entry?

Chris Taylor (9/22/2008 10:32:08 AM): I set the trade up at 12:35pm GMT and got stopped out at 04:35am. It never

got lower than 1.8262, that was after I got stopped out.

Stallion (9/22/2008 10:32:30 AM): Sell stop on GBPUSD @ 1.8321...1st target @ 1.8275,2nd target @ 1.8245, 3rd

target @ 1.8207

Stallion (9/22/2008 10:33:06 AM): it got lower dan 1.8275 to 1st target....how come you got stopped out?



Stallion (9/22/2008 10:33:28 AM): dat was around 2a.m this morning

Chris Taylor (9/22/2008 10:34:45 AM): the time I entered the trade it went up. Got stopped out, then it went back

down. I was in bed asleep so couldn't re-enter.

Stallion (9/22/2008 10:35:28 AM): awwwww!!

Stallion (9/22/2008 10:35:39 AM): u took the signals late

Chris Taylor (9/22/2008 10:37:07 AM): i didn't check my emails till half 12. I see where it hit past 1st target, but I was

asleep then so wasn't able to take any pips.

Stallion (9/22/2008 10:37:57 AM): no probs...we are looking at a long gu trade right now...

Chris Taylor (9/22/2008 10:38:24 AM): OK. Any ideas on entries yet?

Stallion (9/22/2008 10:39:44 AM): yea....entries asre the most delicate part in trading...u might be right in going bullish or

bearish...but if ur entry is too late or too early, d stops are out..

Stallion (9/22/2008 10:54:09 AM): Buy Stop on the gbpusd @1.8480, 1st target @ 1.8530, 2nd target @ 1.8565, 40

pip sl..

Chris Taylor (9/22/2008 10:55:11 AM): brb need to re-boot pc.

Chris Taylor (9/22/2008 11:15:31 AM): I've still got 2 pending sell stops on cable Stal. Should I be deleting them?

Stallion (9/22/2008 11:16:08 AM): yea....delete d pending sell stop for now....

Stallion (9/22/2008 11:16:21 AM): we r going for the buy stop

Chris Taylor (9/22/2008 11:16:35 AM): ok

Chris Taylor (9/22/2008 11:23:34 AM): do you use the MACD indicator on your charts?

Stallion (9/22/2008 11:25:12 AM): I rarely do, cap....I prefer taking signals straight from the charts...

Chris Taylor (9/22/2008 11:26:09 AM): ok

Chris Taylor (9/22/2008 5:05:41 PM): I've staerted adding the spread and on the longs, and rounding to the nearest

whole number. My entry was then 1.8485. then I put my 40 pip stop from there.

Chris Taylor (9/22/2008 5:06:20 PM): I also made another 110pips on a 123 patttern I saw on the EURJPY this

morning.

Stallion (9/22/2008 5:06:33 PM):

Stallion (9/22/2008 5:06:38 PM): way to go, man

Chris Taylor (9/22/2008 5:07:20 PM): Dont expect that every time. Just been fortunate I guess with the last 2 I found.

I'm not complaining though

Stallion (9/22/2008 5:12:42 PM): yea..

Chris Taylor (9/22/2008 5:47:41 PM): you there dude?

Chris Taylor (9/22/2008 6:18:14 PM): we're almost at 2nd target for the long cable Stal

Stallion (9/22/2008 6:20:53 PM): yea...



Stallion (9/22/2008 6:21:23 PM): remember ur trailing stops,man

Chris Taylor (9/22/2008 6:21:31 PM): I moved my stop to +20 from entry and added a 20 point trailing stop.

Stallion (9/22/2008 6:21:55 PM): yea...forget about targets for now....jus ride with it..

Chris Taylor (9/22/2008 6:22:29 PM): I have a target price of 1.8600, but I'l have to keep adjusting that as it goes on.

Chris Taylor (9/22/2008 6:24:26 PM): do you think a 20 point trailing stop is enough?

Stallion (9/22/2008 6:25:14 PM): a 25 point might be better...

Stallion (9/22/2008 6:25:31 PM): price is at 1.8579 right now..

Chris Taylor (9/22/2008 6:25:52 PM): yeah and still climbing as well.

Chris Taylor (9/22/2008 6:26:05 PM): changed trailing stop to 25 points now then.

Stallion (9/22/2008 6:27:46 PM): cool

Chris Taylor (9/22/2008 6:28:45 PM): has there ben some news, because the EURUSD is fling as well.

Stallion (9/22/2008 6:31:23 PM): jus technical analysis, man...am 105 pips in profits as we speak on the gbpusd buy

order..

Chris Taylor (9/22/2008 6:32:25 PM): I think the price of oil has risen again today, maybe thats why the dollar is doing

what its doing.

Stallion (9/22/2008 6:33:58 PM): lol...oil and dollars don mix like 2 d**ks, else dey find demselves in serious sh**t

Chris Taylor (9/22/2008 6:34:28 PM): 2 d**ks certainly dont mix! lol

Stallion (9/22/2008 6:35:12 PM): 106 pips, $106 minilot,$1060 standard lot on gbpusd, less 40 pips.

Chris Taylor (9/22/2008 6:36:15 PM): I'm at 101 pips. Just seen the 123 bottom pattern on the cable 15M chart as well

for today. lol

Stallion (9/22/2008 6:41:10 PM): cool..
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  #23 (permalink)  
Old 09-26-2008, 12:55 AM
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Conversations With Forexgreenland(The Matrix)

[09:26:59 25/09/08] Stalion : hi everyone

[09:28:30 25/09/08] Stalion : we put a sell stop at 1.8580...1st target @ 1.8555..2nd target

@ 1.8540

[09:43:14 25/09/08] caprica1 : morning stal

[09:53:27 25/09/08] wilmart : Morng all

[10:25:54 25/09/08] Stalion : hi there cap

[10:35:15 25/09/08] Stalion : sell stop triggered

[10:42:07 25/09/08] Stalion : remember to take half profits after +20 pips...

[11:08:30 25/09/08] albashir : corect me if am wrong....its at 8588 now isn't it?

[11:41:16 25/09/08] albashir : aproching 2nd target.

[11:41:41 25/09/08] Stalion : yea

[11:43:32 25/09/08] Stalion : about to

[11:43:45 25/09/08] Stalion : helloo eugen

[11:44:07 25/09/08] eugen3000 : hello Stal

[11:44:34 25/09/08] Stalion : hope u've taken off half profits by now...? remember price

doesnt move in a straight line,so we bank profits as soon as we can..

[11:47:00 25/09/08] Stalion : price at 1.8850 now..

[11:48:47 25/09/08] Stalion : target hit!

[12:14:12 25/09/08] caprica1 : we hit 2nd target. Nice one

[13:01:02 25/09/08] Stalion : so we made 40 pips off our call today...

[13:01:55 25/09/08] Stalion : we then put a buy stop @ 1.8557, 1st target @ 1.8587

[13:05:05 25/09/08] caprica1 : A BUY STOP?

[13:08:00 25/09/08] masif1 : some critical news out at 1.30bst for the us

[13:08:51 25/09/08] caprica1 : whats the news?

[13:10:24 25/09/08] Stalion : yes

[13:11:40 25/09/08] caprica1 : kool

[13:12:25 25/09/08] Stalion : how critical is the news, masif?

[13:15:38 25/09/08] Stalion : expectations on the US is quite negative....if news comes out

lower dan expectations, we might see gbpusd shooting up..

[13:16:18 25/09/08] Stalion : if news comes out as a surprise(higher dan expectations), it

might affect the cable's rise..

[13:18:14 25/09/08] caprica1 : we still keep the buy stop though?

[13:21:36 25/09/08] Stalion : yes, we do

[13:22:00 25/09/08] caprica1 : no probs boss.

[13:22:34 25/09/08] caprica1 : it's just hit that 1st target Stal

[13:22:46 25/09/08] Stalion : havent urs been hit??

[13:22:54 25/09/08] Stalion : yes, it did

[13:25:10 25/09/08] masif1 : target hit guys



[13:25:24 25/09/08] masif1 : did we have a second?

[13:25:58 25/09/08] masif1 : 30 pips from that and 40 pips earlier

[13:26:04 25/09/08] caprica1 : I was just thinking the same thing. Only saw 1 target

[13:26:11 25/09/08] masif1 : nice nice chicken and rice

[13:26:12 25/09/08] caprica1 : happy with the pips though.

[13:27:38 25/09/08] Stalion : lol....

[13:27:49 25/09/08] Stalion : seems u like chicken and rice

[13:28:26 25/09/08] Stalion : 70 pips should be okay for today, guys....

[13:29:32 25/09/08] Stalion : u can still get back in again...

[13:29:57 25/09/08] caprica1 : I'm happy with 70 pips. Thats a nice little return on the

day.

[13:30:08 25/09/08] caprica1 : not need to be too greedy

[13:30:26 25/09/08] masif1 : i agree

[13:30:32 25/09/08] masif1 : 70 pips is lovely

[13:30:42 25/09/08] Stalion : lol...

[13:40:57 25/09/08] Stalion : did u enter again, cap?

[13:41:12 25/09/08] caprica1 : I would like the price to get down to 1.8510 to hit the

target I've got for a 123 pattern I saw this morning.

[13:41:19 25/09/08] caprica1 : No, didn't re-enter

[13:44:29 25/09/08] caprica1 : have you re-entered Stal?

[14:15:21 25/09/08] Stalion : nope...am okay...for today....not everyday u bank 70 pips in forex, man


[00:08:45 26/09/08] Stalion : We put a buy stop @ 1.8400 on the gbpusd,1st target @

1.8445,2ndtarget @ 1.8475, 3rd target @ 1.8528,40 pip stop loss..take half profits when +20 pips in profit

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  #24 (permalink)  
Old 09-30-2008, 10:29 AM
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Conversations With Forexgreenland(The Matrix 3)

[22:52:48 26/09/08] Stalion : hi there cap

[08:59:41 27/09/08] caprica1 : Hi Stal. I'm still on our long GU trade. I closed out half

lot at +20, and kept my SL where it was. The market closed @ 1.8444-5 last night, so it's

still up. I just hope it doesn't go against me when the market re-opens.

[09:22:54 29/09/08] fxjedi : Looks like the market is set for a "Super Friday" I bet usd up

and jpy up. All the others down...

[09:24:17 29/09/08] fxjedi : Bailouts: ECB's Kranjec: Bailouts are less expensive than

allowing a run on financial instittutions - Sees financial crisis continuing for some time

and there is a need for market and regulators to come up with solution Thai Central Bank

Chief: Ready to add more liquidity into banking system if necessary Belgium Fin Min: ING is

interested in acquiring ABN AMRO- Standing by to help Dexia if needed

[09:28:17 29/09/08] Stalion : seems the US bailout is doing a fine job propping up the

dollar

[09:30:44 29/09/08] fxjedi : Repatriation Flows Help USD? With Asia stocks having fallen and

with European equities in the red, reaction to the US bailout has hardly been universally

positive. "If stocks stay depressed, AUD/JPY, NZD/JPY and AUD/NZD are the obvious losers,

with the USD potentially benefitting from repatriation flows," says RBC Capital Markets.

[09:39:39 29/09/08] fxjedi : as I see the global meltdown of bankruptiecies has started

world wide....love more than 29 )))

[09:41:45 29/09/08] Stalion : looks live usdjpy is about taking a dive for the floor..

[09:42:26 29/09/08] Stalion : I mean, usdchf

[09:47:21 29/09/08] caprica1 : I got stopped out of the cable long from Friday as well

because of the market gap.

[09:47:47 29/09/08] caprica1 : luckly I had taken profit at halff lot size on friday on the

1st target price.

[09:53:59 29/09/08] Stalion : Sell Stop on the USDCHF @ 1.1017, 1st target @ 1.0995, 2nd

target @ 1.0970

[09:54:15 29/09/08] Stalion : 40 pip stop away...

[09:55:51 29/09/08] Stalion : yes cap...there are no guarantees that price must always reach

its target points...doesnt happen in the markets...locking in profits is a sure prudent way

of money mgt

[09:57:45 29/09/08] caprica1 : USDCHF! Stal you branching out into other pairs? lol

[09:59:10 29/09/08] Stalion : helloo takbal..

[10:00:51 29/09/08] takbal : hi guys

[10:01:13 29/09/08] Stalion : lol...just branching on pairs that has a more incisive

technical map,for now, gbpusd doesnt look like its having a high probability setup

[10:03:04 29/09/08] caprica1 : what about the USDJPY? Saw a 123 on the chart this morning.

[10:03:24 29/09/08] fxjedi : BAILOUT: is an American Goverment SCAMMMMMMMMMMM to steal US

tax payers dollar.....aholes

[10:05:03 29/09/08] Stalion : take it easy,jedi

[10:06:23 29/09/08] Stalion : Now cap, why are we putting a sell stop on the

usdchf?technical analysis wise?

[10:07:46 29/09/08] caprica1 : not sure. You got me on that one Stal.

[10:09:24 29/09/08] caprica1 : I'm trying to look for when the price was las at that level

maybe?

[10:14:52 29/09/08] klho83 : Hi Stal It failed stay above 61.8 ret. If it break 1.1017 pivot

(not sure) It wu go down. Correct if m wrong

[10:16:49 29/09/08] Stalion : no probs, cap...on the usdchf 1hr chart, price is around the

60% window or as K said, 61.8 level...price usually make a turnaround there..MACD was saying

negative convergence to price...

[10:18:15 29/09/08] Stalion : technical analysus wise, it should be at the region where we

should be seeing a bearish action..

[10:19:04 29/09/08] Stalion : but remember, guys, news has the potential to obviate it, if

it has a high enough impact

[10:19:05 29/09/08] caprica1 : how have you figured that out Stal?

[10:20:54 29/09/08] luminousfx : any trades on stallion?

[10:24:02 29/09/08] Stalion : welcome, luminous..no...not yet....just pending stops...

[10:25:46 29/09/08] luminousfx : what chart setups are we looking at Stall?

[10:30:33 29/09/08] Stalion : USDCHF, L...and also keeping an eye on GBPUSD..

[10:41:37 29/09/08] luminousfx : ok....

[11:39:26 29/09/08] Stalion : price steadily moving downwards on the USDCHF..

[11:41:32 29/09/08] caprica1 : Stal how did you do the 60% windows for the USDCHF price?

[12:04:47 29/09/08] takbal : caprica look at sep 19-22

[12:09:08 29/09/08] caprica1 : on which chart?

[14:10:17 29/09/08] takbal : caprica whatever chart you like... but there was an obvious

rally from the top of Sep 19 to the low of sep 22. Price is retracing since then, or at

least this is a possible interpretation

[14:10:47 29/09/08] takbal : and looks like it respected the 38% and the 50%, so it is

definitely guided by fib retracement levels

[14:30:47 29/09/08] caprica1 : 1st target hit on the USDCHF.

[14:31:27 29/09/08] caprica1 : half profits taken at +20

[14:55:01 29/09/08] Stalion : cool

[14:55:42 29/09/08] Stalion : [09:53:59 29/09/08] Stalion : Sell Stop on the USDCHF @

1.1017, 1st target @ 1.0995, 2nd target @ 1.0970

[14:56:49 29/09/08] Stalion : 2nd target hit..

[14:56:59 29/09/08] klho83 : All done:cheers:



[14:57:46 29/09/08] klho83 : Good Start for the week . Thanks Stal

[14:58:00 29/09/08] Stalion : lol...no probs,K

[14:58:22 29/09/08] Stalion : 3RD TARGET @ 1.0930

[15:13:47 29/09/08] caprica1 : finally. The site has been down for the last 10-15mins.

Luckly I stuck a 20 point TS on after the 2nd target hit.

[15:16:52 29/09/08] caprica1 : Nice start again to the week

[15:19:40 29/09/08] klho83 : 4th target?

[15:21:33 29/09/08] caprica1 : I changed my target to 1.900. Just hit it. I'm happy wth

those pips today

[15:22:09 29/09/08] caprica1 : +117 pips for a Monday. Nice work.

[19:56:30 29/09/08] takbal : bailout plan was refused in the senate as I read... 200 pips

change on eu in 10 minutes

[19:58:08 29/09/08] takbal : wall street practically collapsed

[19:58:42 29/09/08] takbal : Bill Pimco said on CNBC that the markets still pricing in some

kind of bailout package as otherwise the fall would have been even bigger
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  #25 (permalink)  
Old 10-01-2008, 01:16 PM
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Conversations With Forexgreenland(The Matrix 4)

Helloo fellow traders,
I want to wish Nigeria a Happy Birthday(October 1ST,1960) as we observe our Independence

Day..One more road to cross..

[08:50:05 30/09/08] Stalion : morning everyone

[08:51:43 30/09/08] klho83 : hi stal

[08:55:23 30/09/08] caprica1 : mg

[08:55:59 30/09/08] Stalion : hope you are okay with the 87 pips we made yesterday...

[08:56:02 30/09/08] Stalion : on the USDCHF

[08:57:03 30/09/08] caprica1 : or more

[08:57:20 30/09/08] Stalion : or was it 117, cap?

[08:57:41 30/09/08] caprica1 : yep

[08:58:17 30/09/08] caprica1 : half profits at +20, then stuck a 20 point Trailing Stop on
at the 3rd target.
[08:58:28 30/09/08] klho83 : m happy with any + pips

[08:59:41 30/09/08] Stalion : lol

[09:05:21 30/09/08] caprica1 : which paris are you looking at today Stal?

[09:22:38 30/09/08] Stalion : both USDCHF and GBPUSD,cap...

[09:23:18 30/09/08] caprica1 : excellent

[09:23:57 30/09/08] Stalion : wasnt really too sure about cable yesterday,so I let it pass

and concetrated on dollar swiss...

[09:27:04 30/09/08] caprica1 : prob wise. cable and the EU have been very choppy the last

few weeks.

[09:29:09 30/09/08] enolase : hello Stallion

[09:37:37 30/09/08] Stalion : any news coming out on gbp?

[09:41:34 30/09/08] Stalion : we put a SELL STOP on USDCHF @ 1.0960...1st target @ 1.0935,

2nd target @ 1.0906, 3rd target @ 1.0874

[09:58:01 30/09/08] caprica1 : 40 pip stop?
.
[10:23:04 30/09/08] Stalion : yes cap...40 pip stop...

[10:26:36 30/09/08] Stalion : price is still dilly dallying around for now..

[10:29:30 30/09/08] caprica1 : ok no probs. Pending order in and waiting.


[12:16:43 30/09/08] Stalion :Buy Stop on USDCHF @ 1.1025, 1ST TARGET @ 1.1065... 40 pips

stop loss away...Take half profits after +20 pips.

[12:23:01 30/09/08] klho83 : Hi Stal typo error for new alert? USDCHF?

[12:23:43 30/09/08] Stalion : nope.....

[12:24:07 30/09/08] klho83 : usdjpy?
[
12:24:16 30/09/08] Stalion : its just a hedge,K...the sell stop is still in place..

[12:24:56 30/09/08] klho83 : Thanks

[12:25:02 30/09/08] Stalion : the buy stop allows us to take any bullish opportunities that

comes along if price continually goes up

[12:25:42 30/09/08] Stalion : remember a trader learns to look at both sides of the

coin...always think 2 steps ahead..

[12:28:42 30/09/08] caprica1 : did you mean USDCHF?

[12:29:25 30/09/08] klho83 : Sta l please confirm.

[12:29:45 30/09/08] Stalion : if I wrote USJPY, then it is a typo...am sorry for dat...but

the buy stop on USDCHF is not a typo, guys..

[12:31:27 30/09/08] Stalion : consider it a hedge trade....

[12:32:29 30/09/08] Stalion : if price goes bearish like we anticipated, our sell stop

triggers down..if it goes bullish, our buy stop triggers up..

[12:34:00 30/09/08] caprica1 : kool. Thought it was a typo because of the price you quoted

[12:58:05 30/09/08] enolase : please was that signal for USDCHF? the BuySTOp at 1.1025?

[13:04:55 30/09/08] takbal : went long of GU...

[13:13:19 30/09/08] takbal : banks and companies are playing with trillions of virtual

money. If the virtual money disappears, they need real one, and fast...

[13:16:43 30/09/08] enolase : anyway, President George Bush is scheduled tospeak on the

Bailout plan in

[13:17:08 30/09/08] enolase : 30 mins

[13:17:49 30/09/08] enolase : i think this will have a lot of implications for the USD

[13:18:50 30/09/08] enolase : what says the house?

[13:34:23 30/09/08] enolase : considering that the issues bordering on the bail out plan in

the US has had a heavy hand on the USD pairs and the JPY crosses, what will be the impact of

George Bush's speech coming up in 15 minutes on these pairs?

[13:36:47 30/09/08] enolase : the USd has started to gain broadly

[13:37:55 30/09/08] caprica1 : anyone else had the long USDCHF triggered?

[13:38:30 30/09/08] enolase : yes i had ot

[13:38:41 30/09/08] enolase : i am up 14 pips right now

[13:39:26 30/09/08] enolase : i think George Bush's speech may be an impetus to boost the

USD

[13:40:39 30/09/08] enolase : i'll ride the USD

[13:41:31 30/09/08] klho83 : 1st 20pips

[13:41:52 30/09/08] caprica1 : the USD has been making little gains over the last few hours.

Just hope the price rise hasn't al;ready been factored in

[13:42:09 30/09/08] enolase : i hope so too

[13:42:31 30/09/08] enolase : at times the news is leaked out and before u know it, the move

has already occured

[13:45:51 30/09/08] takbal : whoa thats what I call a double bottom on GU...

[13:47:18 30/09/08] enolase : on which chart?

[13:48:01 30/09/08] enolase : i think it is better to wait a little before concluding that a

double bottom has indeed formed

[13:49:39 30/09/08] enolase : 1st target hit on USDCHF



[13:49:52 30/09/08] enolase : can this continue? seeing what is happening on the EURUSD, it

is possible

[14:47:21 30/09/08] caprica1 : USDCHF is starting to make it's way down to our sell stop

price now as well.

[14:53:50 30/09/08] caprica1 : correction, no its not!

[14:54:01 30/09/08] caprica1 : lol

[15:08:53 30/09/08] Stalion : lol....1st target hit on USDCHF?

[15:39:37 30/09/08] caprica1 : good call again today Stal.

[15:40:20 30/09/08] caprica1 : I would have put a Trailing Stop on the trade if I'd been

able to, but I'm at work so I dont have the same control over my trades. Just had to leave

it to hit target.

[15:40:35 30/09/08] caprica1 : still a successful trade though.

[17:24:41 30/09/08] enolase : well, somehow the trade went massively in ur direction. So

that's two wonderful trades this week.


Quote:
Originally Posted by onwukarisa
Hello Mystikal,



Please take a look at the attached image and see if it is an example of a 1-2-3 top

formation.
you said 2 is an internediate low. please whats an intermediate low? also when do you know

that an uptrend or downtrend has come to an end?

Hi Onwukarisa,
Trust you to really ask those incisive questions,man...
Yes, the attached image is an example of a 1-203 top, which is a reversal signal foretelling

a bearish move to the downside..
An intermediate low can be taken in many context...timeframes...support and

resistance...even length of candlesticks...so in this context,2 was a minor low, while the

low of the bearish hammer before the doji, at the last support ,could stand as an

intermediate low.
We dont KNOW for sure when a downtrend or uptrend have come to an end...its all a game of

probabilities, in which you go for a high probability setup..Heck, if everyone knows when an

uptrend or downtrend has definately come to an end, picking of tops and bottoms would be

very easy and less risky.
Traders tend to use a ''confluence of events'' to determine whether a trend is over or

not...like the 1 on your chart...it is termed a ''shooting star'' candle, which portends a

bearish move turning its strings down south.wow..
Add that with MACD DIVERGENCE, and a convincing trendline break, it should be telling us a

story..



QUOTE=gmbert19]Hello Stallion


I wanted to ask you a few questions..

I recently began my endevaour into currency trading.

I am eager to learn the business and need some serious guidance.

Any recommendations books, mentorship

thanks for your time.Please advise
[/quote]


Hi gmbert,
Thanks for your mail...Well, the answer are on those charts, mon ami..You might also

consider going through Technical Analysis of the Financial Markets'' by J J Murphy, which

deals with classique trading patterns, The Candlestick Course by Steve Nison. that would

be nice for a start. Also go through this thread..whether reviews, conversations,

alerts,etc..there's always something educative you can pick out, especially when reading

through market conditions and reactions in live practical trading.


[10:42:27] Stalion : We put a SELL STOP on USDCHF @ 1.1145,1st target @ 1.1087,2nd target @

1.1045, 3rd target @ 1.1005..40 pip stops...take half profits at +20 pips while shifting sl

to entry...leaving the remaining lots to ride..


stallion@forexgreenland.com
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Old 10-04-2008, 02:29 PM
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Post #1 Serg Cherkashin wrote on Sep 29, 2008 at 9:16 AM
Hi Sylvester!
I want to ask you.
I have obligations of Japanese companies. They have very small revenue (percent).
What do I do for increase of revenue from these obligations?
How does revenue increase from these obligations?

Helloo there, Serg,
Sorry but it would be much clarifying if you could expantiate on your question... As in,

what kind of ''obligations"? Bonds..? Debentures...?Hybrid...? Can they be internationally traded in the global markets or just restricted to Japan? Are they any offshore laws in Japan regulating the modus operandi of the revenue generation in companies?
Just trying to put international law and trade in perspective since you are seem like a slav dealing in Japanese business territory...


Quote:
Konf;73665 At me strategy simple, I go on a trend, I put stop loss. The trend during

a week, day and 3hour should coincide.
Cool, Konf, the trend is your friend. And if the trend on those timeframes doesnt coincide,what do you do in that situation? you stay off?


[10:03:39 03/10/08] caprica1 : I believe it's NFP today as well, so things are a little

quiet at the moment.

[10:07:06 03/10/08] fxjedi : look like lull before storm,i think

[10:08:21 03/10/08] enolase : whatever the storm is, i prefer to watch it from the sidelines

[10:08:40 03/10/08] enolase : we could possibly see some funny retracements whatever the

initial price action

[10:09:28 03/10/08] caprica1 : I dont like trading at all on NFP day, so it might be the

start of a long weekend for me

[10:11:26 03/10/08] Stalion : seems almost every trader's had the creeps during NFP

day...sometimes sounds like Black Friday with all its volatility and whipsaws...

[10:30:22 03/10/08] fxjedi : whatever happen, I believe the market is going down...seem

inevidble...the market around the world are horrible. ///TP DJIA 9611 and thats being

conservitive...

[10:31:32 03/10/08] albashir : gm all

[10:34:51 03/10/08] Stalion : helloo there albashir..

[10:37:44 03/10/08] fxjedi : Trading takes time, patience and effort. Trading is simple but

not easy. You must learn how to identify quality trades and become disciplined to take only

those quality trades. Until next time, may most ofl your trades be green and your losses

small.

[10:43:06 03/10/08] albashir : hey stal mornin 2 u...

[10:46:05 03/10/08] masif1 : morning all

[10:46:14 03/10/08] masif1 : by the way stal

[10:46:35 03/10/08] masif1 : we had two stop outs yesterday and one target hit

[10:46:50 03/10/08] Stalion : morning al...morning masif....welcome to White Friday...

[10:48:54 03/10/08] Stalion : depends on how you you look at it,al....and your reaction to

the report..

[10:49:03 03/10/08] albashir : salaam masif, Jumah Mubarak..

[10:50:52 03/10/08] masif1 : jumah mubarak brother

[10:52:49 03/10/08] albashir : well long b4 i came to know of ur lovely but unavoidable

tread/blog...... i use to trade NFP using hedging mtd....mostly profitable until i cld not

put a SL and PT due to network.....and funny me..... i got drained out.

[10:53:52 03/10/08] albashir : now I'm saving some of my family upkeep allowance to get back

on track...it used to be the only news I trade.

[10:59:13 03/10/08] Stalion : hmmmmm...

[11:05:13 03/10/08] Stalion : sell stop on gbpusd @ 1.7660, 1st target @ 1.7603...40 pip

stop away..

[11:09:25 03/10/08] albashir : ok..copy dat..

[11:10:22 03/10/08] Stalion : take half profits after +20 pips ...

[11:22:05 03/10/08] masif1 : stal are the short on usd/chf still valid - or can i delete the

orders

[11:22:19 03/10/08] albashir : did anyone get triggered?

[11:23:57 03/10/08] albashir : yea,....mine is still pending lyk masif's 2....do we keep it

or delete it?

[12:30:21 03/10/08] caprica1 : looks like its triggered now

[12:32:47 03/10/08] masif1 : its triggered

[12:40:27 03/10/08] albashir : its triggerd but fluctuatin.....

[12:42:01 03/10/08] caprica1 : it's triggered now Al. It's best to just leave it alone, and

not stare at the screen reacting to every little movement.

[12:47:19 03/10/08] caprica1 : it'll drive you crazy man. Just have a quick look every 15M

thas enough.

[13:22:24 03/10/08] takbal : NFP is out in 7 minutes... if you stay in, you ar practically

gambling



[13:34:27 03/10/08] Stalion : helloo guys..

[13:38:45 03/10/08] Stalion : unemployment rate was the same...non farm payroll was -159k,

which was lower dan expectations...the actual was lower dan the forecast, which was

unfavourable to the US...

[13:40:41 03/10/08] Stalion : price made a low of 1.7629, which was 31 pips...taking off

half profits at +20 pips and shifting sl to entry would have guaranteed some pippy in the

kitty...

[13:59:29 03/10/08] albashir : it hit d SL....but available to reenter.

[14:00:13 03/10/08] albashir : was unavailable to reenter

[14:20:23 03/10/08] Stalion : you would have made more than 100 pips if you had reentered

with a 25 pip trailing stop loss, albashir..

[14:33:10 03/10/08] caprica1 : Dont worry bout it I didn't even trade. I stuck to my guns

and didn't trade the NFP day.

[14:44:01 03/10/08] Stalion : didnt you make any money from that call, albashir?

[14:45:55 03/10/08] albashir : none bro....d 40pip SL was hit while away and cld nt

reenter....

[14:46:58 03/10/08] albashir : can't even place any order wt dis situation.......wld hold on

a while but wld be on demo for the tym

[14:47:19 03/10/08] Stalion : and you didnt take off some profits while it was 30 pips in

your favour?

[14:48:52 03/10/08] klho83 : Hi Stal

[14:50:25 03/10/08] albashir : wat u say...

[14:51:52 03/10/08] caprica1 : its moved back up towards the entry point again. Why not put

a limit order in for the .7660

[14:54:14 03/10/08] Stalion : helloo there, K

[14:54:21 03/10/08] masif1 : damn what happened went to pray jumma come back and we goit

stopped out

[14:56:03 03/10/08] Stalion : you didnt follow the risk mgt rules, masif...

[14:56:36 03/10/08] masif1 : ok

[14:58:04 03/10/08] Stalion : you have to understand that the market is like life

itself...ever flowing..ever moving...not waiting for anyone...if you see your opportunity to

make money, you LOCK IN

[14:58:29 03/10/08] Stalion : profits...because price would always continue moving..whether

we are there or not..

[14:59:55 03/10/08] Stalion : in this time of volatility in the markets, traders dont find

it prudent to set and forget...coz anything can happen in a second...dats why trading

discipline ,dedication and patience are necessary if you want to succeed..

[15:00:02 03/10/08] masif1 : ok

[15:01:32 03/10/08] Stalion : the potential to make 105 pips was presented on

reentry....based on our trade alert...I made 84 pips before my trailing stop was hit...

[15:01:47 03/10/08] masif1 : was away from the desk

[15:04:32 03/10/08] caprica1 : would you recommend re-entering again now Stal? MACD is

showing a positive divergance though.

[15:14:32 03/10/08] masif1 : hi guys

[15:14:57 03/10/08] masif1 : culd have made money on both short and long today

[15:15:05 03/10/08] caprica1 : no I didn't enter it in time Stal

[15:15:26 03/10/08] Stalion : not yet,cap....

[15:19:34 03/10/08] caprica1 : kool

[15:25:05 03/10/08] Stalion : price going up again...

[15:26:56 03/10/08] Stalion : if you had reentered back at our original entry call, it would

have been an uncomfortable ride by now..

[15:27:13 03/10/08] caprica1 : gud job i didn't then! lol

[15:28:16 03/10/08] masif1 : lol

[15:28:40 03/10/08] albashir : ok stal...aaf a long position on gu....wat do u say?

[15:35:27 03/10/08] albashir : stal ....

[15:42:45 03/10/08] masif1 : somethings boosted GBP!

[15:43:14 03/10/08] masif1 : its shooting up big time

[15:43:46 03/10/08] masif1 : i feel like singing the national anthem

[16:11:03 03/10/08] caprica1 : your not all alone mate. I'm here for a little bit now! lol

[16:17:14 03/10/08] masif1 : lol

[16:17:30 03/10/08] masif1 : shame i'm not trading

[16:20:52 03/10/08] caprica1 : lol. How goes it dude?

[16:26:05 03/10/08] albashir : Alhadu llah....came out with 120pips longing GU
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  #27 (permalink)  
Old 10-06-2008, 10:35 AM
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[10:25:11] Stalion : We put a BUY STOP ON GBPUSD @ 1.7605...1st target @ 1.7655.. 2nd target @ 1.7685, 3rd target @ 1.7715
40 pip stop loss..
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Old 10-06-2008, 11:38 PM
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[08:56:29 06/10/08] Stalion : helloo everyone..

[09:00:20 06/10/08] Stalion : not much news with the major pairs today except CAD and Au..

[09:03:17 06/10/08] Stalion : hope you'all had a wonderful weekend...

[09:04:12 06/10/08] klho83 : Hope have a good start today
price is about breaking new lows ,

[09:24:22 06/10/08] klho83 : breaking new lows?

[09:25:38 06/10/08] Stalion : gbpusd

[10:24:57 06/10/08] masif1 : morning all

[10:25:11 06/10/08] Stalion : We put a BUY STOP ON GBPUSD @ 1.7605...1st target @ 1.7655..40

pip sto loss..

[10:26:40 06/10/08] Stalion : hi masif

[10:28:12 06/10/08] Stalion : 2nd target @ 1.7685, 3rd target @ 1.7715

[11:08:38 06/10/08] Stalion : range trading monday...due to lack of high impact news..

[11:38:34 06/10/08] Stalion : buy stop triggered..

[12:22:07 06/10/08] fxjedi : Long term trends rarely reverse quickly & markets often

over-shoot & tease convictions with counter moves over a period of time prior to making any

sustained turn.. Reacting to market warning signs with good risk adjusted analytics is an

integral part of all long & medium term strategic play.. Since all of us are only transient

player in a never ending game where major tops & bottoms are only evident in hindsight, one

should be content with placing the right bets on part of a move instead of kicking our

behind over all those "lost pips" looking at the charts afterward..

[12:30:51 06/10/08] fxjedi : but mine havnt trigered,Stal,since you said to put 3 pip spread

on top of bid prices,should i still leave pending order?

[12:34:40 06/10/08] Stalion : no probs...jedi...forgot to add the 3 pip spreads on

cable...so the pending buy still stands,ok...

[12:36:23 06/10/08] fxjedi : roger dat

[12:42:48 06/10/08] masif1 : dont worry fxjedi - its a good thing u havent triggered, as i

think its about to hit our s/

[12:53:44 06/10/08] takbal : hi guys

[12:53:49 06/10/08] fxjedi : seems stal is right about market on range trading,not much

movement from wat i can see

[12:55:56 06/10/08] fxjedi : hey takbal

[13:01:55 06/10/08] fxjedi : so my buy stop is waiting to triger at 17608

[13:03:38 06/10/08] fxjedi : triger is hit

[13:04:41 06/10/08] Stalion : nice one,jedi.....for those dat got stopped,pls reenter

[13:12:55 06/10/08] Stalion : remember to take off half profits when +20 pips ahead as price

is going ahead in our favour...then adjust sl to entry

[13:16:34 06/10/08] fxjedi : wow,look at gu fly!!!

[13:18:05 06/10/08] Stalion : put a 25 pip trailing stop on it now...

[13:18:47 06/10/08] fxjedi : any 3rd target,Stal?

[13:19:32 06/10/08] fxjedi : almost 10 pips to 2nd taget 17655

[13:20:26 06/10/08] Stalion : [10:28:12 06/10/08] Stalion : 2nd target @ 1.7685, 3rd target @ 1.7715



ImageShack - Hosting :: gbpubb6.gif

[14:49:22 06/10/08] masif1 : damn damn damn damn damn

[14:49:27 06/10/08] masif1 : got stopped out

[14:49:49 06/10/08] masif1 : didnt get a chance to out the triling sl in

[14:53:22 06/10/08] masif1 : put the trailing sl

[15:18:33 06/10/08] masif1 : whats happened to gbp

[15:18:45 06/10/08] masif1 : going down down down

[16:10:09 06/10/08] klho83 : Bad Start. Stopped out!


Quote:
Originally posted by batangas:
[qb] Wow, how far down can this British lettuce go (now at 1.7370)? [/qb]
Helloo batangas,

Lets take a good look at this chart and generate some insights here...
1.7839-1.7513=0.0326
0.3*0.0326=0.00978
1.7513+0.00978=1.7610 (30% sell window)
1

That is the region where price turned around and went further bearish on the downside. You

take the high price of the current move and subtract it from the low of the current move.

The low is the price made just before the market began to trade higher against the

prevailing downtrend.
As soon as the market establishes an intermediate low and starts to trade higher from this

low, subtract the high (the high price at the begining of the prevailing trend prior to this

intermediate low) from the low.This will equal the total price range of the original

move...0.0326
Multiplying the range by 30% and adding it to the low foretells the begining of the 30% sell

window.
But I could hear some of you say''Hey, didnt he talk about price having a high probability

of a turnaround at the 60% window? Why 30%''
''Using 60%retracement for buy and sell windows is an excellent technique for most

markets.However when the trend in a market is extremely strong, the market will begin to

make small and quck corrections that usually last three to five bars in intraday trading.
The stronger the market, the shorter the correction time period. These strongly trending

markets will normally see the market retrace to around 30% of the original move. This level

still offers some very good reversal signals.'' John Crane - Advanced Swing Trading..
So my anticipation of price reaching the 60% sell window was wrong due to the strongly

trending move on the GBPUSD.It got round the 30% window and thats more it could chew before

going back down.



ImageShack - Hosting :: gbpusou3.gif

By our extrapolation, we could see price on the GBPUSD reaching a low of 1.7264..
So for a good entry, we could either sell now or wait for price to finish its upward retracement and break the support in line with the prevailing downtrend to our next low or support at 1.7264.
Since our analysis was taken from the hourly chart(1 hr), it might take sometime before we reach our target.
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  #29 (permalink)  
Old 10-08-2008, 02:03 PM
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[09:55:34 07/10/08] didi : hello everyone

[10:51:28 07/10/08] masif1 : hello

[11:03:41 07/10/08] Stalion : helloo everyone..

[11:06:18 07/10/08] masif1 : hi stal

[11:06:34 07/10/08] masif1 : how u doing bro?

[11:57:09 07/10/08] fxjedi : hello masif

[12:05:27 07/10/08] caprica1 : you there dude?

[12:51:46 07/10/08] fxjedi : Stal, we missed yesterday gu drop and it went close to 200

pips
[12:51:47 07/10/08] caprica1 : how is everyone?
[12:53:14 07/10/08] Stalion : cool
[12:56:10 07/10/08] Stalion : i saw that,jedi....went short at the 2nd support level

@1.7455...
[12:57:15 07/10/08] Stalion : price on the gbp is going up to 1.7515 before turning around

[13:50:00 07/10/08] Stalion : we put a sell stop on gbpusd @ 1.7483...1st target @

1.7455...2nd target @ 1.7425...

[13:50:43 07/10/08] fxjedi : sl?

[13:52:37 07/10/08] Stalion : 1.7545 as stop loss

[13:53:35 07/10/08] fxjedi : okay

[14:14:28 07/10/08] Stalion : price on cable has breached the 60% sell window...so we should

be seeing a turnaround in the downside..

[14:15:34 07/10/08] Stalion : if the opposite occurs, as in ,a sustained uptrend, that means

a new trend forming..

[14:16:36 07/10/08] Stalion : the one we are watching now on the 15th minute, is a

retracement...

[14:18:20 07/10/08] Stalion : if it continues going up, a new trend...an uptrend,..is

formed..

[14:20:41 07/10/08] fxjedi : if i get you right, stal, do you mean we are retracing?

[14:25:55 07/10/08] Stalion : yes, jedi....if you look at price now, we are @

1.7546...technically, we are around the level where the retracement is over,with an

intermediate high, then resuming its prevailing downtrend

[14:30:03 07/10/08] Stalion : but if the uptrend is sustained, and breaks the next

resistance high

[14:32:05 07/10/08] Stalion : we see opportunity for a counter trend

[14:46:41 07/10/08] Stalion : whats the name of the spike up there,cap...the high...

[14:51:48 07/10/08] klho83 : Hi Stal , the trade signal still valid?

[14:55:32 07/10/08] Stalion : yes it is , K...do you have an answer to our question,K?

[14:58:38 07/10/08] caprica1 : sorry Stal got logged out again.

[15:03:15 07/10/08] Stalion : we could adjust our sell stop upward to 1.7565...1st target @

1.7530...2nd target @ 1.7440....

[15:04:08 07/10/08] Stalion : no probs....so whats d name of the candlestick high on the

gbpusd 15min chart



[15:05:13 07/10/08] caprica1 : shooting Star?

[15:07:29 07/10/08] caprica1 : or an inverted hammer

[15:09:12 07/10/08] Stalion : shooting star

[15:13:57 07/10/08] caprica1 : I was right first time! lol

[15:14:10 07/10/08] caprica1 : that is a reversal bar as well?

[15:20:26 07/10/08] fxjedi : but stal , what if the trend continue going up?

[15:22:10 07/10/08] klho83 : now triple tops

[15:22:54 07/10/08] Stalion : cool, K

[15:23:59 07/10/08] Stalion : but remember the current high has broken and pierced through

the two previous high region

[15:24:52 07/10/08] caprica1 : still got yesterdays high to break through to confirm an up

trend continuation for me

[15:25:11 07/10/08] klho83 : Is dat going to to breakout? Stal

[15:28:09 07/10/08] caprica1 : a triple touch of a price level would class it as resistance.

[15:28:28 07/10/08] Stalion : What is MACD saying on the 1hr and 15 min charts?

[15:29:55 07/10/08] caprica1 : GU has lost some of its momentum from the up move earlier on.

[15:31:03 07/10/08] klho83 : 1H MACD has crossed zero line in +ve zone

[15:31:22 07/10/08] fxjedi : do you mean divergence, stallion?

[15:32:00 07/10/08] klho83 : +ve divergence

[15:33:49 07/10/08] Stalion : yes, on the 1 hr chart..

[15:35:47 07/10/08] klho83 : On 15mins it looks a bit tired

[15:36:23 07/10/08] Stalion : using a demand(resistance trendline) from the current top of

price and a line on the top of MACD, we could see bearish negative dgence to price

[15:38:53 07/10/08] klho83 : On 15mins chart?

[15:39:11 07/10/08] Stalion : remember, guys...the 15min tends to act faster than the

hourly...so I guess a slight downward movement might take place before 1hr divergence kicks

in on thee upside..

[15:45:57 07/10/08] Stalion : can we see gu dropping it like its hot??presently @ 1.7564

[15:53:58 07/10/08] fxjedi : it going back up

[16:00:22 07/10/08] fxjedi : it is true theres is so much money in the system but it looks

like bankers are keeping it under their own matteress !!! this is strange. They borrow money

from the central banks, and put it back with them ...That way they are sure not to lose too

much !!!!

[16:11:27 07/10/08] fxjedi : i reentered,stal,

[19:10:47 07/10/08] albashir : been away all day...did u guys haf a trade call today?

[19:58:40 07/10/08] Stalion : so we made 125 pips, less 40 pips...which is a net profit of

*5 minilot,$850 standard lot on gbpusd..
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  #30 (permalink)  
Old 10-09-2008, 09:47 AM
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[21:50:35 07/10/08] forexplay : Hello Is anyone there
[08:54:06 08/10/08] masif1 : hello
[08:55:01 08/10/08] caprica1 : morning everyone
[10:19:03 08/10/08] Stalion : price made a triple bottom on our 60% buy window and SPOOF
[10:19:35 08/10/08] Stalion : IT GOES...
[10:23:13 08/10/08] klho83 : Hi Stal!
[10:36:51 08/10/08] Stalion : helloo there K
[10:37:23 08/10/08] caprica1 : hi Stal
[10:37:34 08/10/08] Stalion : what are we having now on the GBPUSD 15min chart? A
retracement or a trend?
[10:38:37 08/10/08] caprica1 : a retracement
[10:39:51 08/10/08] Stalion : everywhere so silent....
[10:40:20 08/10/08] Stalion : K?
[10:40:44 08/10/08] Stalion : remember to tell us ur reasons, guys?
[10:42:01 08/10/08] Stalion : c'mmon...K...you can do it...talk to papi
[10:42:58 08/10/08] klho83 : GU weak
[10:43:24 08/10/08] caprica1 : it's still contained with the previous swing high and swing
low
[10:46:05 08/10/08] Stalion : yea, K....but is it a trend or a retracement?
[10:46:54 08/10/08] klho83 : It treanding down
[10:47:19 08/10/08] klho83 : Trend Sir!
[10:47:23 08/10/08] caprica1 : the overall trend o the GU is down
[10:49:01 08/10/08] klho83 : If look at $H or daily chart GU is trending down
[10:49:22 08/10/08] klho83 : 4H od daily
[10:50:02 08/10/08] Stalion : Both are right....it was a retracement at that time cap was
watching ...though wanted to ask him at what percent of the ''containment'' should the
previous swing high differ from the previous swing low
[10:51:37 08/10/08] Stalion : it had to breach a percentage of the containment a la
caprica...in order to tell us there's a change of retracement to trend
[10:52:33 08/10/08] Stalion : or in some cases, trend to retracement
[10:56:41 08/10/08] klho83 : Hi Stal, Can U explain " Containment"?
[10:58:14 08/10/08] caprica1 : think it he means it that price was contained within the
previous swing high and swing low K
[10:58:34 08/10/08] caprica1 : Soit would have had to breach the swing low to confirm the
down trend continuation
[11:00:08 08/10/08] Stalion : voila
[11:00:33 08/10/08] caprica1 : see I have learnt something! lol
[11:01:45 08/10/08] Stalion : hope you understand,K
[11:04:21 08/10/08] caprica1 : I sent you a PM about the buy and sell windows Stal. You get
it?
[11:04:41 08/10/08] masif1 : i dont understand
[11:05:16 08/10/08] masif1 : the british government is to bailout the UK banks with £50
Billion
[11:05:26 08/10/08] masif1 : but cable is still dropping
[11:05:29 08/10/08] Stalion : remember most times, we look for a breach of the pyschological
number/grid below or above the 60% retracement level to confirm establishment of a new
trend...in this case, a downtrend
[11:59:22 08/10/08] fxjedi : ECB Unlikely To Join Coordinated Cuton't count on a
coordinated rate cut, says Calyon. "Doubts have to remain over the ECB's commitment to such
a plan," the bank says, suggesting that monetary policy, like the various money market and
banking sector policy changes, "will remain local in origin and scope."
[12:43:46 08/10/08] fxjedi :
Fed orders emergency rate cut, other banks follow - Yahoo! News
2BCs0NUE
[12:44:07 08/10/08] fxjedi : WASHINGTON - The Federal Reserve, acting in coordination with
other global central banking authorities, cut a key U.S. interest rate by half a percentage
point Wednesday to steady a teetering economy. ADVERTISEMENT The Fed reduced its key rate
from 2 percent to 1.5 percent. In Europe, which also has been hard hit by the financial
crisis, the Bank of England cut its rate by half a point to 4.5 percent, while the European
Central Bank sliced its rate to 3.75 percent. Other central banks also taking part include
the banks of Canada, Sweden, and Switzerland.
[12:45:37 08/10/08] fxjedi : if everyone is cutting rates,i wudnt think there wud be any
reaction in the markets,stal
[14:38:13 08/10/08] Stalion : Sell Stop on the gbpusd @ 1.7390, 1st target @ 1.7355, 2nd
target @ 1.7305, 40 pip sl

[14:57:21 08/10/08] Stalion : 10 pips to go
[15:02:20 08/10/08] Stalion : breaching the two grids/pyschological number levels
below,signifies price retracement turning to a new downtrend..
[15:06:01 08/10/08] Stalion : many traders also wait for the major low/support to be
breached before confirming a new downtrend on the bearish side..
[15:10:09 08/10/08] Stalion : take half profits now, if you havent done so already
[15:10:25 08/10/08] fxjedi : hi
[15:13:51 08/10/08] Stalion : helloo argunes,jedi
[15:14:57 08/10/08] argunes : I've jsut entered and I see its amazing so many experienced
traders sharing information
[15:15:05 08/10/08] Stalion : thanx, man....How is Instabul?
[15:15:34 08/10/08] argunes : Rainy nowadays.
[15:16:18 08/10/08] Stalion : same here in Lagos...
[15:16:27 08/10/08] argunes : May I ask what time is it on your location?
[15:17:06 08/10/08] Stalion : Its 3.16pm here
[15:17:10 08/10/08] Stalion : urs?
[15:17:51 08/10/08] argunes : 17.17 here.
[15:18:53 08/10/08] Stalion : 2hr ahead
[15:20:02 08/10/08] argunes : Yes. I need to leave. Good trading everyone.
[15:28:20 08/10/08] Stalion : thanks argunes
[15:28:57 08/10/08] Stalion : 1st target hit

[15:36:47 08/10/08] Stalion : whats DKK,jedi?
[15:37:31 08/10/08] fxjedi : BOE especially, but also ECB have plenty of room to cut rates
further. Unfortunately the stock markets will need to drop further to spur them into action.
Paulson urged this move because his wife has urging him to stay home this weekend and once
take a weekend free without a rescue operation.
[15:38:19 08/10/08] fxjedi : am not realy sure,am jus sharing forex news,stal
[15:48:35 08/10/08] fxjedi : looks gu is going down again to next target,stal
[16:00:53 08/10/08] fxjedi : Japanese Nobel Physics laureate Toshihide Maskawa, an introvert
devoted to thinking about the universe, has no passport to go to Stockholm to accept the
prize, his wife revealed on
Wednesday...Shy Japanese Nobel laureate has no passport: wife - Yahoo! News
Ancrtabipo7uzkpAj7MgGVxxFb8C
[16:08:50 08/10/08] Stalion : please put a 15 to 25 pip trailing stop on it
[16:11:09 08/10/08] fxjedi : roger dat
[16:16:31 08/10/08] fxjedi : 2nd target hit

[16:21:10 08/10/08] Stalion : lol...dats nice....a trailing stop will ensure you follow
price to its lowest before cutting you out..
[16:27:49 08/10/08] fxjedi : am thru for d day, stal,
[16:28:00 08/10/08] fxjedi : thanks a lot

[
Quote:
Originally Posted by forexgreenland
By our extrapolation, we could see price on the GBPUSD reaching a low of 1.7264..
So for a good entry, we could either sell now or wait for price to finish its upward retracement and break the support in line with the prevailing downtrend to our next low or support at 1.7264.
Since our analysis was taken from the hourly chart(1 hr), it might take sometime before we reach our target.
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