[09:36:40 17/04/09] Stalion : helloo there, LP....

[09:39:32 17/04/09] Stalion : We put a sell stop on GBPUSD @ 14795...1ST TARGET @

14735...2ND TARGET @ 14665.. STOP LOSS @ 14850...

[09:40:58 17/04/09] Learning_pips : hmm

[09:42:30 17/04/09] Stalion : looks like the CHF report got the swiss pair in an uptrend

frenzy....

[09:43:35 17/04/09] Learning_pips : ok. I am only lookin at gbpusd for now.just one pair is

enough for me to begin with lol

[09:45:26 17/04/09] Stalion : of course, gbpusd might still have some strength for a rally

when the CAD report comes out in a few minutes

[10:06:47 17/04/09] Learning_pips : sell stop got triggered

[10:36:06 17/04/09] Learning_pips : made 35 pips before I did something while putting a

trailing stop and my position got closed by mistae



Hi Paul...hope you are enjoying your weekend?what you might have missed was proper risk

management.. Our sell entry on the cable,last friday, @ 14795 was on the mark at the first

foray, which went to a low of approximately 43 pips downward before reversing back beyond

our initial entry, up to a high of 14850..
Assuming you had entered, you would utilize the risk mgt tool of ''closing out half minilots

when +20 pips ahead, then shifting stop loss to initial entry level''...in this case,

SL=14795=initial sell entry...


By applying that rule, you would have been stopped out at breakeven profit, since you've

already closed out half your position at +20 pips...Remember price made a freefall down to

43 pips or so, to reach a low of 14752, 17 pips shy of our 1st target of 14735..
So its more of a case of good entry but less spectacular finishing/exit, if proper risk

management is not adhered to...like you observed on the log, Learning pips took out 35 pips

or so from the trade, which was enough for him for that day.. also we had like 3

opportunities to go in and out of the trade for 30 or more pips that friday...so it is still

valid till Monday..Hope you understand...


Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop

questioning.
- Albert Einstein

Helloo onwuka, how is it going? No offence taken, mon ami...we all learn at each of our

different levels in life...not just in trading...
To answer your question, we might take a little look at what interest rates mean.. They are

more or less payment for the use of a given sum of money, or its equivalent over a period of

time. Implied in this defination are demand and supply as determinants of market price, in

which price is the rate of interest. Interest is a COST to demanders of funds and an item of

INCOME to suppliers of funds, and the rate of interest influences their entry into a given

market in varying ways and degrees. The rate is stated on the basis of one year(per

annum),even though loans can be made for shorter or longer periods.

You see, the market referred to, is a credit market, in which debt is seen as an obligation

to pay money and credit is the right to recieve money. Such markets bring together borrowers

and lenders(investors), and in them are established and communicated the prices at which

they are willing to make transactions.

The price of credit is an interest rate, and that which is demanded and supplied are credit

or debt instruments, whose primary function is to allow control over money to be

transferred. Suppliers of debt instruments are demanders of funds, and demanders of such

instruments are suppliers of funds, so that in essence, it is the price of these instruments

at a given time which gives the market yield, or rate of interest. Interest rations the

supply of savings, serves as compensation to lenders, helps cover the costs of risks, and

can be used to help stabilize an economy or promote growth.

So onwuka, if a country's interest rate is held, under normal market conditions, it tends to

appreciate against other currencies with relatively lower interest rates. Short term

interest rates are the important factor in currency valuation - traders look at most other

indicators merely to predict how rates will change in the future;thats where we get to the

inflation/unemployment tradeoff.. If a country's Central bank feels inflation is high, they

usually increases interest rates in order to mop up excess liquidity..but that constricts

credit flow for growth and productivity which increases the unemployment rate..
But wait..
if unemployment is the top priority of the government, then interest rates are lowered in

order to increase credit expansion flows in the system so as to enhance employment through

wider growth and productivity...but that tends to increase inflation due to excess

liquidity...a TRADEOFF in the country's kitty..

Worst athletes from whom to ask financial advice - Yahoo! Sports



Hi katipunero, thanks for your mail...the right trading system is essential for the right

individual...not all size fits all...if you want to take up my services, then you are

free...just send a mail specifying which of them you are interested in, and I'll get back to

you,ok...

The Arabs have an ancient proverb that affirms:
He who knows not, and knows not that he knows not,
is a fool—shun him.
He who knows not, and knows that he knows not,
is a student—teach him.
He who knows, and knows not that he knows, is asleep—wake him.
He who knows, and knows that he knows is wise—follow him.

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[quote="Mystikal"][09 17/04/09] Stalion : helloo there, LP....

[09 17/04/09] Stalion : We put a sell stop on GBPUSD @ 14795...1ST TARGET @

14735...2ND TARGET @ 14665.. STOP LOSS @ 14850...



FINANCIAL TIMES
"Peripheral care should be the central concern"

By George Soros

The Group of 20 meeting is a make-or-break event. Unless it comes up with practical measures

to support the less developed countries, which are even more vulnerable than the developed

ones, markets are going to suffer another sinking spell just as they did last month when Tim

Geithner, Treasury secretary, failed to produce practical measures to recapitalise the US

banking system.

This crisis is different from all the others since the end of the second world war.

Previously, the authorities got their act together and prevented the financial system from

collapsing. This time, after the failure of Lehman Brothers last September, the system broke

down and was put on artificial life support. Among other measures, both Europe and the US in

effect guaranteed that no other important financial institution would be allowed to fail.

This necessary step had unintended adverse consequences: many other countries, from eastern

Europe to Latin America, Africa and south-east Asia, could not offer similar guarantees. As

a result, capital fled from the periphery to the centre. The flight was abetted by national

financial authorities at the centre who encouraged banks to repatriate their capital. In the

periphery countries, currencies fell, interest rates rose and credit default swap rates

soared. When history is written, it will be recorded that - in contrast to the Great

Depression - protectionism first prevailed in finance rather than trade.

Institutions such as the International Monetary Fund face a novel task: to protect the

periphery countries from a storm created in the developed world. Global institutions are

used to dealing with governments; now they must deal with the collapse of the private

sector. If they fail to do so, the periphery economies will suffer even more than those at

the centre, because they are poorer and more dependent on commodities than the developed

world. They also face $1,440bn (€1,060bn, £994bn) of bank loans coming due in 2009. These

loans cannot be rolled over without international aid.

Gordon Brown, the UK prime minister, recognised the problem and designated the G20 meeting

to address it. Yet profound attitudinal differences have surfaced, particularly between the

US and Germany. The US has recognised that the collapse of credit in the private sector can

be reversed only by using the credit of the state to the full. Germany, traumatised by the

memory of hyperinflation in the 1920s, is reluctant to sow the seeds of future inflation by

incurring too much debt. Both positions are firmly held. The controversy threatens to

disrupt the meeting.

Yet it should be possible to find common ground. Instead of setting a universal target of 2

per cent of gross domestic product for stimulus packages, it is enough to agree that the

periphery countries need aid to protect their financial systems. This is in the common

interest. If the periphery economies are allowed to collapse, the developed countries will

also be hurt.

As things stand, the G20 meeting will produce some concrete results: the resources of the

IMF are likely to be doubled, mainly by using the mechanism of the "new arrangements to

borrow", which can be activated without resolving the vexed question of reapportioning

voting rights.

This will be sufficient to enable the IMF to help specific countries at risk but it will not

provide a systemic solution for the less developed countries. Such a solution is readily

available in the form of special drawing rights. SDRs are complex but they boil down to the

international creation of money. Countries that can create their own money do not need them

but periphery countries do. The rich countries should therefore lend their allocations to

the nations in need.

Recipient countries would pay the IMF interest at a very low rate, equivalent to the

composite average treasury bill rate of all convertible currencies. They would have free use

of their own allocations but would be supervised in how the borrowed allocations were used

to ensure they were well spent.

In addition to the one-time increase in the IMF's resources, there ought to be a big annual

issue of SDRs, of say $250bn, as long as the recession lasts. It is too late to use the

April 2 G20 meeting to agree this, but if it were raised by President Barack Obama and

endorsed by others, this would be sufficient to give heart to the markets and turn the

meeting into a resounding success.



[08:47:01 21/04/09] Stalion : helloo there

[08:51:02 21/04/09] Stalion : we are seeing a 123 bottom on the GBPUSD 15 minute chart, so standing by for a bullish move

[08:53:20 21/04/09] Learning_pips : cool

[08:54:49 21/04/09] Learning_pips : news also coming out today

[09:02:51 21/04/09] Stalion : we put a buy stop on GBPUSD @ 1.4574...1st target @

1.4613...2nd target @ 1.4645...stop loss @ 1.4510..

[09:03:08 21/04/09] fxjedi : hi stal

[09:05:15 21/04/09] Learning_pips : ok

[09:35:58 21/04/09] Learning_pips : stal the news came out a little better than expected

[09:36:54 21/04/09] Learning_pips : ok buy stop triggered

[09:36:56 21/04/09] Learning_pips : we are in

[09:48:42 21/04/09] Learning_pips : price is hesitating

[09:59:21 21/04/09] Stalion : cool

[10:04:11 21/04/09] Learning_pips : looks like we r on our way

[10:07:16 21/04/09] Learning_pips : closed 1 lot with 25pips and moved SL to breakeven

[10:15:54 21/04/09] Learning_pips : ok second lot stopped out

[10:21:47 21/04/09] Learning_pips : hey paul..did u pick up the last trade

[10:29:00 21/04/09] Learning_pips : stal I have a question around this call, did u pick it

up off the 15min chart or the 4hr chart?

[10:32:10 21/04/09] Stalion : good work, LP

[10:34:08 21/04/09] Learning_pips : thnx

[10:34:59 21/04/09] Stalion : but how come u were stopped out on ur 2nd lot wen SL is

supposed to be around 14510...

[10:35:59 21/04/09] Learning_pips : no actually I moved second lot to entry point

[10:36:56 21/04/09] Learning_pips : but then after that candle with the long upper shadow I

entered again on the next candle

[10:37:53 21/04/09] fxjedi : am up 30 pips,stal

[10:38:24 21/04/09] Stalion : cool...your learning well...

[10:38:40 21/04/09] Stalion : the call was taken off the 15 min chart..
[
[10:58:11 21/04/09] fxjedi : ok

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[12 22/04/09] Stalion : sell stop on GBPUSD @ 14600...1st target @ 14565..2nd target@

14545...

[12 22/04/09] Stalion : sl @ 14650

[12 22/04/09] Paulfx : so we just looking for retracement down to 60% on this play?

[12 22/04/09] Stalion : dis is not a game

[12 22/04/09] Stalion : yes...

[12 22/04/09] Stalion : along with other patterns to confirm it....

[12 22/04/09] Stalion : no indicator is standalone...it shud be merged in confluence

for optimal effect

[12 22/04/09] Paulfx : perhaps wrong choice of words for me stal, no games here.

[12 22/04/09] Stalion : yep....trading is a business and shud be treated as such...

[12 22/04/09] Paulfx : i agree, have to be careful how we say things as the mind will

soon start believing

[13 22/04/09] Paulfx : WOW!

[13 22/04/09] Stalion : WOW!!

[13 22/04/09] Paulfx : stalion you truely are a master of forex

[13 22/04/09] Stalion : I didnt get ANY chance to put a trailing stop

[13 22/04/09] Stalion : did u see dat, LP?

[13 22/04/09] Learning_pips : WOW!!!



[13 22/04/09] Paulfx : when the price went above previous high I wast sure if there

was still a play, took me a second to pull the trigger at 1.4600

[13 22/04/09] Stalion : NO CHANCE AT ALL?????

[13 22/04/09] Learning_pips : i saw and missed

[13 22/04/09] Paulfx : I was in

[13 22/04/09] Learning_pips : i just logged in after a meeting

[13 22/04/09] Learning_pips : but frankly speaking stal no regrets

[13 22/04/09] Learning_pips : I am extremely content today after how close I was on

both my calls to stals

[13 22/04/09] Learning_pips : thats like the biggest reward for me..

[13 22/04/09] Stalion : 105 pips on 3 minilots were made....I didnt get any chance to

fix a trailing stop...price just went EL DROPPO...EL PLUNKO...

[13 22/04/09] Paulfx : we like EL PLUNKO

[13 22/04/09] Learning_pips : guys i just entered...lol

[13 22/04/09] Stalion : brb

[13 22/04/09] Paulfx : from what I see on the charts I would say it will going

[13 22/04/09] Learning_pips : its till going

[13 22/04/09] Paulfx : this is probably one of the craziest drops i've seen and traded

[13 22/04/09] Learning_pips : haha im 25 pips up

[13 22/04/09] Paulfx : down it goes

[13 22/04/09] Learning_pips : 40
[
13 22/04/09] Paulfx : next stop 1.4435?

[13 22/04/09] Learning_pips : ok made 50pips on the last candle



[21 23/04/09] Stalion :For thursday evening,We can put a sell stop on GBPUSD@ 14720..

1st target @ 14670..2nd target @ 14605...3rd target @ 14555...50 pips sl..

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