Quote:
Originally posted by Jarod:
[QB] For discharging toxic material all over the place.
See his email?
He is collecting admirers.
I wonder if anyone has sent him hate mails.
Did anyone? 
[qb]
I'll come back tomorrow.
Here is my strategy for eurusd :
But only after the RESCUE PLAN is voted.
And after I have reached my target. [/qb]
|
You can wish that I'll fail to get
my target.
[/QB][/quote]
Hey Jarod, you forgot to add ''I wanna have his nuts for breakfast''..
Quote:
|
Originally Posted by ManageMyForex;8415
that was some good training...alittle long but good anyway.
I see a slight move south again tonight before a big push up on GBPJPY before the end of the
year. I plan on making about 50% profits on my account from the push upwards (that is if it
happens...Im not loong yet).
the GBPJPY has fallen but it can give a little more before its year end climb. trust me it
will not close this low and watch the dow it will have a nice recovery in Dec.1 - Dec. 20th
the GBPJPY will follow the DOW. and I will make good money!
hope you all will too
now if it doesnt thats fine since Im waiting for my indicator to say LONG but when it does
bet the farm baby!
|
Hi ManageMyForex, thanks for the insightful contribution on the POUND YEN(GBPJPY)movement in
the weeks to come.Linking that currency pair with the Dow Jones seems like a carry
trade,which might be a nice idea.
Chartwise, we have already crossed the 60% BUY WINDOW to the downside, in which price might
likely reach a low of 161.11 or lower at the nearest support or low (1st August 2000). MACD
negative divergence to price foretold that beaish fall in price..Ohh, by the way, I'm
looking at the monthly GBPJPY timeframe on the chart.
Price has to close above the 189.35 buy window region before a bullish drive can be
confirmed.
251.09-148.19= 102.9
0.6*102.9= 61.74
251.09-61.74=189.35 (60% BUY WINDOW)
Since we are taking this off the monthly chart, we can liken it to POSITION TRADING..where
trading projections take weeks or months to fulfill..
So mon ami, a buy in the near future might be in order, under normal market conditions, but
dont really think ''betting the farm'' might be a prudent move.
Quote:
|
Originally Posted by C
Hello
I happened upon your thread earlier. Are you using price support/resistance in combination
with 1-2-3's, or using 1-2-3's to define targets? Where did you come up with a 40 pip SL?
I ask because it reminds me very much of the factory's forum's price action thread. Are you
involved/posting in there as well?
Are these calls being made live via Skype? I looked at your site but am unable to view
threads. Is this chat room a paid service, or is it free because you are making money from
trading? More information would be welcome
It is good to see you profitable, I would like to see you continue.
Thank you
|
Hi C,
Thanks for your mail..You see, I apply the use of 1-2-3's, amongst other chart pattern
strategies, to define targets..Defining targets is no less important than defining
entries...and that where the 40 pip Stop Loss comes in..
It came in due to the fact that the average distance of a grid table is close to 40 pips.
But with recent market volatility, it is much more prudent to have wider stops that are more
than 40 pips when trading..
I'm sorry but am not aware of any factory's forum price action thread,C..so wouldnt say am
involved in posting there.
The chatroom is a subscription based service where traders earn and learn at the same
time.. Though the best things in life are free, but people rarely value them..
[08:13:05 10/10/08] alanlewis : morning wilmart.
[08:14:49 10/10/08] wilmart : Hey alan
[08:17:33 10/10/08] alanlewis : gbp/usd down low this morning!
[08:19:06 10/10/08] wilmart : There is not a valid signal for G/U now
[08:20:27 10/10/08] alanlewis : no, i think we might need to wait a while
[08:45:44 10/10/08] Stalion : Hi all
[08:46:23 10/10/08] wilmart : Good morning Stal
[08:49:22 10/10/08] Stalion : hope you all had a lovely night rest...
[08:50:20 10/10/08] fxjedi : i did,stal,made about 70 pips before gu started falling
yesterday
[08:51:20 10/10/08] Stalion : cool
[08:57:49 10/10/08] fxjedi : NEW STOCK MARKET TERMS for 2008 and beyond. CEO --Chief
Embezzlement Officer. CFO-- Corporate Fraud Officer. BULL MARKET -- A random market movement
causing an investor to mistake himself for a financial genius. BEAR MARKET -- A 6 to 18
month period when the kids get no allowance, the wife gets no jewelry, and the husband gets
no sex. VALUE INVESTING -- The art of buying low and selling lower. P/E RATIO -- The
percentage of investors wetting their pants as the market keeps crashing. BROKER -- What my
broker has made me. STANDARD & POOR -- Your life in a nutshell. STOCK ANALYST -- Idiot who
just downgraded your stock. STOCK SPLIT -- When your ex-wife and her lawyer split your
assets equally between themselves. FINANCIAL PLANNER -- A guy whose phone has been
disconnected. MARKET CORRECTION -- The day after you buy stocks. CASH FLOW-- The movement
your money makes as it disappears down the toilet. YAHOO -- What you yell after selling it
to some poor sucker for $240 per share.
[08:58:16 10/10/08] fxjedi : WINDOWS -- What you jump out of when you're the sucker who
bought Yahoo @ $240 per share. INSTITUTIONAL INVESTOR -- Past year investor who's now locked
up in a nuthouse. PROFIT -- An archaic word no longer in use.
[08:58:59 10/10/08] Stalion : lol...ur funny, man
[09:13:30 10/10/08] masif1 : morning all
[09:13:38 10/10/08] masif1 : any calls this morning?
[09:13:44 10/10/08] masif1 : cable diving
[09:23:43 10/10/08] masif1 : lol fxjedi
[09:24:26 10/10/08] Stalion : helloo there masif
[09:25:47 10/10/08] masif1 : hi stal
[09:29:52 10/10/08] Stalion : any news on the gbp today?
[09:36:11 10/10/08] fxjedi : none today,stal,euro dollar came out positive though
[09:39:27 10/10/08] Stalion : okay then..
[09:40:02 10/10/08] fxjedi : After several years I have been warning about the conundrum
media-polticis-accountant creativity and greed - as also selling to the poor Joe's saving
plan the toxic debt.... I can affirm with almost 99pct correctness that today the Black
Friday has come... Yet the key Dow Jones support is some 20-30 pct lower imvho... might be
seen also in one day in current markets crazyness...might be in months...but It has to
normalize from excess greed and irrationality...
[10:04:34 10/10/08] fxjedi : are we going long or short today?
[10:05:46 10/10/08] Stalion : We put a buy stop on gbpusd @ 1.6960, 1st target @1.7008...2nd
target @ 1.7065...
[10:07:00 10/10/08] Stalion : stop loss @ 1.6830...take half or a third profits after +20
pips ahead..
[10:11:26 10/10/08] fxjedi : ok,Stal
[10:15:59 10/10/08] fxjedi : looks like Black Friday
[10:17:20 10/10/08] masif1 : black fri?
[10:17:23 10/10/08] masif1 : thanks stal
[10:24:56 10/10/08] klho83 : Thanks stal! hope this is good one.
[10:43:34 10/10/08] Stalion : in the event price gets to the bearish side, we also hedge our
trade with a sell stop @ 1.6868, 1st target @ 1.6825, 2nd target @ 1.6745, 3rd target @
1.6689...
[10:44:23 10/10/08] Stalion : stop loss 1.7010...
[10:44:48 10/10/08] Stalion : so we are having 2 pending orders in place...
[10:46:50 10/10/08] fxjedi : looks gu wants to take a dive?
[12:21:43 10/10/08] masif1 : buy triggered
[12:21:55 10/10/08] masif1 : trailing s/l at 25pips
[12:39:12 10/10/08] masif1 : ok made 25pips
[12:39:25 10/10/08] masif1 : put a reentry in for another 25 pips
[12:43:33 10/10/08] caprica1 : afternoon masif. you ok dude?
[13:23:50 10/10/08] Stalion : 1st target hit twice...
[13:24:19 10/10/08] Stalion : [10:05:46 10/10/08] Stalion : We put a buy stop on gbpusd @
1.6960, 1st target @1.7008...2nd target @ 1.7065...
[13:24:40 10/10/08] Stalion : 3rd target @ 1.7155
[15:13:15 10/10/08] masif1 : reenetered at 17065
[15:13:37 10/10/08] masif1 : trailing at 55pips s/l now
[15:14:47 10/10/08] masif1 : thats 80pips profit today - more to come
[15:14:55 10/10/08] masif1 : and 60pips yesterday!
[15:15:46 10/10/08] masif1 : trailing at 75pips now
[15:16:03 10/10/08] masif1 : so that 100pips bagged today
Licensed Brokers
Linear Mode
