Review of Strategic Tips on Milking the Major Currency Ps in Live Forex Trading

[Forexgreenland]

Originally posted by forexgreenl:
[QB] [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 stard lots on cable [/QB]

Originally Posted by Stuart14;500038

Can't win them all Forexgreenl

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 targetwe 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.

Originally Posted by Onwukarisa;225976

Hello mystikal
Please when using MACD for divergences what should i use: the trough that form when red blue lines cross or the
histogram of the MACD . Please Advise.

Onwuka Arisa
***************
Hi Onwuka if you observed we used the MACD Histogram the 1st chart to ascertain whether there was
divergence or not. The Macd Histogram told us that price was overbought 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 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 blue lines cross(MACD proper) or MACD Histogram
I'll choose the Hisogram because it is much faster...Notice 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 our mistakes.


140 pips less our 40 pips that was stopped out on the 9th which gave us 100 pips net $100 minilot$1000 stard lot
on Friday.

[Forexgreenland]

[09:26:43] Stalion : price on the gbpusd looks like its retracing downward 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 relax eugen....
[10:49:19] Stalion : LOCK HALF PROFITS AT +20 TO +30 PIPSWHILE 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

[Forexgreenland]

[10:49:19] Stalion : LOCK HALF PROFITS AT +20 TO +30 PIPSWHILE 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 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 in the Rio de janeiro Brazil..
[11:10:21] Stalion : we do what we call ''top down trading'' cap..first the weekly 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 pointAFTER 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 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 stard 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

[Forexgreenland]

Originally Posted by onwukarisa;9734

Hello Mystikal
Thanks alot. you answered my first question but you didnt answer the second. the question is :
How do you exactly know which part of the chart or graph that you have to choose as a 1-2-3 top or bottom before
applying your analysis calculations. i have noticed that you select some parts leave the others where i also think
that a 1-2-3 formation forms. If there are any conditions or factors you have to put into consideration before choosing for
a 1-2-3 top or bottomplease let me know.
Expecting a reply

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 patience. We could say it hides most traders that are not aware of its pattern on the
graphs on the other h 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 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 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 underst...
Please feel free to ask questions or make comments...
[quote]Originally posted by zero:
[QB] IS FOREXGREENL 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 smell the roses without
stinking mon ami...
Those participants you read on the chats are real live traders different parts of the world who are serious about
making money in forex trading. They earn learn while those trade calls are madereal time online the only game
they are interested in playing is forex.
Need I say more???
MAY THE GOOD LORD HAVE MERCY ON US ALL..

Originally posted by rodney:
[QB] The world financial system is in a mess with prospects of the global credit bubble bursting according to many
credible pundits. We will explore why bubbles form why they burst an Austrian Economics perspective. We
will also explore why cash cash equivalent in times of deflation - yes I said deflation - is your best asset hedge
against the bubble bursting. We will also cover specific trading ideas to win in this globalization 3.0 era how to
preserve capital profit.Why will be the role of gold silver ? T.Bonds? Dollar index etc. Will the major
regional banks in US lose $2 trillion in capital as forecast by a famous NYU Economist?
_____________
rodney
[url=http://foreclosures.gov-auctions.org]Foreclosed Homes[url] [/QB]

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 s?
how does the Austrian Economic perspective on cyclical trends(bubbles bursts) fit in with the much larger EU
perspective of the same phenoma?

[Forexgreenland]

[08:26:37 19/09/08] caprica1 : morning everyone
[08:52:25 19/09/08] klho83 : Hi Cap good morning
[08:56:25 19/09/08] klho83 : Stopped a few times yesterday. hope have a better luck today)
[08:59:15 19/09/08] caprica1 : well its a friday its started pretty slow. We'll see what happens
[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 limits..
[09:25:10 19/09/08] masif1 : i think the usd is weakening
[09:25:21 19/09/08] masif1 : going short everywhere
[09:26:02 19/09/08] masif1 : eurus gbus uschf
[09:26:12 19/09/08] masif1 : can u see that stal
[09:28:55 19/09/08] Stalion : any upcoming news on GBP?
[09:29:16 19/09/08] caprica1 : not sure
[09:33:59 19/09/08] eugen3000 : morning guys
[09:34:21 19/09/08] eugen3000 : Stal the trend line 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 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 i see a trendline going up 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 ateugen?
[10:01:33 19/09/08] eugen3000 : im at work im just using the one 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 11right?
[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 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
[11:33:20 19/09/08] Stalion : anyone using fib retracements here?
[11:34:37 19/09/08] masif1 : nope
[11:35:58 19/09/08] Stalion : i think it might be wise if its been used...those retracements dat tends to stop out
tradeswhich sometimes are based on fibonnacci
[11:37:40 19/09/08] Stalion : right now price is on the 61% retracement level dat level tends to portend a
turnaround in price in any charts..
[11:56:17 19/09/08] takbal : I do use fib retracements
[11:59:44 19/09/08] Stalion : cool takbal...out of several support resistance tools in trading fibbonacci is one of the
best out there...
[12:00:16 19/09/08] Stalion : looks like the turnaround is right round the cornerguys...
[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 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 attakbal?
[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 a pyschological one toobefore 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 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
movetechnical 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
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 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 showcap
[13:00:28 19/09/08] klho83 : Every should provide dat..then we would learn fast..:0
[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 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 our first entry pls consider ur risk to reward ratios before jumping for 2nd
3rd targets...
[13:08:28 19/09/08] Stalion : dose dat were in right 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 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
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
[13:26:02 19/09/08] Stalion : okay....hope you guys see the reasoning behind locking profits...price has just hit resistance
at the 1.8073 level retracing downwards..
[13:26:38 19/09/08] Stalion : no use watching profits disappear if u can lock em in..
[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
[13:39:30 19/09/08] caprica1 : I'm in a EJ trade that I spotted this morning on a 123 bottom. that one is currently +70
pips
[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 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 shows me
I'm on the right track.
[14:12:10 19/09/08] Stalion : more than 137 pips made up our 2nd target of 1.8130... still counting..
[14:12:38 19/09/08] caprica1 : It was taken off the 1HR chart. Was expecting it to be a few days worth of a trade but
it's moved quicker than I thought.
[14:14:28 19/09/08] Stalion : congrats cap...pls keep it up..
[14:14:35 19/09/08] caprica1 : I would agree. Over 400 pips 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 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 you'll be fine like dy
[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 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 going home a happy
man.
[15:53:22 19/09/08] masif1 : hi all
[15:53:48 19/09/08] masif1 : well done cap
[15:54:05 19/09/08] masif1 : 300 pips excellent
[16:27:18 19/09/08] masif1 : over 270 pips still going up
[16:27:33 19/09/08] masif1 : the 25pip trailing stop loss is a good idea
[16:29:10 19/09/08] caprica1 : yeah I know. It's a lesson learnt for next time

[Forexgreenland]

Sell stop on GBPUSD @ 1.8321...1st target @ 1.82752nd target @ 1.8245 3rd target @ 1.8207

[Forexgreenland]

Originally Posted by forexgreenl;513414

Sell stop on GBPUSD @ 1.8321...1st target @ 1.82752nd target @ 1.8245 3rd target @ 1.8207

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 outcap?
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 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 @ 1.82752nd 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 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 on the longs rounding to the nearest
whole number. My entry was then 1.8485. then I put my 40 pip stop 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 stopsman
Chris Taylor (9/22/2008 6:21:31 PM): I moved my stop to +20 entry 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 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 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 stard 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..

[Forexgreenland]

[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 lineso 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 that 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 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 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 gbpusd1st target @
1.84452ndtarget @ 1.8475 3rd target @ 1.852840 pip stop loss..take half profits when +20 pips in profit