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

[Forexgreenland]

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.
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''..

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 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 watch the dow it will have a nice recovery in Dec.1 - Dec. 20th
the GBPJPY will follow the DOW. 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 p with the Dow J seems like a carry
tradewhich 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.

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
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... 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 threadC..so wouldnt say am
involved in posting there.
The chatroom is a subscription based service where traders earn 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 didstalmade 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 beyond. CEO --Chief
Embezzlement Officer. CFO-- Corporate Fraud Officer. BULL MARKET -- A rom 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 the husb gets
no sex. VALUE INVESTING -- The art of buying low selling lower. P/E RATIO -- The
percentage of investors wetting their pants as the market keeps crashing. BROKER -- What my
broker has made me. STARD & POOR -- Your life in a nutshell. STOCK ANALYST -- Idiot who
just downgraded your stock. STOCK SPLIT -- When your ex-wife 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 todaystaleuro 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 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 J 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 excess greed 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 : okStal
[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 : 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

[Forexgreenland]

Chance

The Chance card denotes a period in which taking risks may produce positive results. This

doesn't mean head off to a casino with your life's savings! What is suggested is that you

should make gains by taking a well calculated risk. For the power of Chance to be fully

realized it is essential that you pick your risk carefully move forward with conviction

above all else don't get greedy!

Originally Posted by bitrader;9769

targets 1.7180 or 1.7370

Congratulationsbitrader...price rocketed up way beyond a high of 1.7740...like a jet..
But the thing is you didnt put any entries...mon ami...That is the most delicate part of

it..at any timeframe... TIMING OF THE ENTRY...because at the time you post it(6.01 PM

EST?)yesterday you would have been stopped out the downward bearish hammer spike..
So concetrate on your entries...especially in this time of market volatility..

[09:33:40 13/10/08] Stalion : hi all

[09:37:13 13/10/08] wilmart : Gm stal

[09:39:24 13/10/08] klho83 : hi stal

[10:05:10 13/10/08] fxjedi : i made close to 100 pips last friday your callbut am

still wondering why you call it black friday?

[10:09:05 13/10/08] Stalion : lol..jedi....someone..or was it you...mentioned Black Friday

earlier on...so I just took up the joke...but glad we reached our 3rd targets though/../

[10:11:37 13/10/08] fxjedi : yes indeed

[10:13:07 13/10/08] fxjedi : The legacy of the current financial market carnage should be a

stronger JPY weaker Euro USD says Stard Bank's Steve Barrow. The USD will be

hurt because the US banking model is broken this will make overseas investors wary of

buying US assets they previously invested in. The Euro will lose out because the economic

financial disruptions seen will cause immense political strain in the region. However

Barrow says Japan is an entirely different kettle of fish it had its banking crisis some

time ago as a result its financial markets are in much better shape. Unwinding of carry

trades already being seen will also continue. So for USD/JPY Barrow can see 90.0 possibly

80.0 while EUR/JPY slides toward 110.00.

[10:16:15 13/10/08] fxjedi : Commodity currencies are unlikely to rise even if global risk

appetite starts to recover as it has early Monday.

[10:16:35 13/10/08] fxjedi : As events over the last two weeks have shown the outlook for

the global economy is deteriorating rapidly - ensuring that commodity prices will remain

weak that support for the currencies of Australia New Zeal Canada continues to

fall. "Commodity producers are the most vulnerable" said Paul Robson foreign exchange

strategist with The Royal Bank of Scotl in London. "Markets are now pricing in

expectations of a deep recession" said Geoffrey Yu a senior currency strategist at UBS in

Zurich as equity markets took another steep tumble wiping as much as 40% the value of

major stock markets since their highs in August 2007. Last week as official attempts to

halt the credit crisis failed risk aversion rose to its highest level in nearly 11

years the arch-commodity currency Australian dollar was trashed. At one stage it

collapsed nearly 20% against the yen the currency seen as the prime safe haven in these

troubled times. The Australian economy itself was hardly providing any help.

[10:16:59 13/10/08] fxjedi : Not only has the Reserve Bank of Australia led the way for a

recent coordinated cut in global interest rates by slashing its key rates by 100 basis

points but the Australian stock market was diving too. Friday prices fell 8.3% the

largest fall since the crash of October 1987.

[10:17:09 13/10/08] wilmart : Stali really commend your effort

[10:17:47 13/10/08] Stalion : when are we going to see the end of all these bad news in the

financial markets?

[10:24:50 13/10/08] Stalion : We put a BUY STOP @ 1.7230 1st target @ 1.7280..


[10:26:36 13/10/08] Stalion : sl 1.7168

[10:32:00 13/10/08] Stalion : we are seeing a 1-2-3 bottom formation in which price have

already passed the number 2 mark...

[10:48:20 13/10/08] alanlewis : gpb/usd recovered well!

[10:49:24 13/10/08] fxjedi : that was a nasty spike down there early this morningalanlewis

[10:50:30 13/10/08] alanlewis : i had a buy trade got out before spikelucky!

[10:50:44 13/10/08] alanlewis : spike luckily.

[10:51:22 13/10/08] fxjedi : lollucky

[10:52:08 13/10/08] fxjedi : am not sure if the global crises is indeed feeding the markets

volatility

[10:52:39 13/10/08] fxjedi : The German government was on Monday preparing to endorse a bill

to restore liquidity inject fresh capital in the country’s ailing banking insurance

sector potentially worth up to €470bn – the biggest state intervention in the economy since

the end of the War.

[10:53:02 13/10/08] alanlewis : the media fuels the fear

[10:53:08 13/10/08] fxjedi : now its like we cant talk about recession without referring to

War

[10:53:24 13/10/08] alanlewis : lol


[10:55:57 13/10/08] Stalion : our buy stop @ 1.7230 is about to get triggered..

[10:56:08 13/10/08] alanlewis : yep

[10:57:14 13/10/08] alanlewis : what targets do u have in mind stalion

[10:57:24 13/10/08] Stalion : based on our pattern we mentioned earlier...gbpusd might give

up a whole lotta pips ...

[11:05:53 13/10/08] fxjedi : Russia has fired three longe range missiles declared its

nuclear deterrent strong

[11:06:57 13/10/08] alanlewis : any thoughts on gbp/chf had a buy trade for 3 days up 500

pips or so where will it top out?

[11:07:02 13/10/08] fxjedi : Two of the missiles were fired nuclear submarines in the

Asian European extremes of the sprawling country while a third was watched by President

Dmitry Medvedev on l in northwest Russia

[11:10:17 13/10/08] fxjedi : A £516 trillion derivatives 'time-bomb'

[11:10:48 13/10/08] fxjedi : It's a market in which the lead protagonists – typically

aggressive highly educated now wealthy young men – have flourished in the derivatives

boom. But it's a market that is set to come to a crashing halt – the Great Unwind has begun

[11:10:52 13/10/08] fxjedi : Not for nothing did US billione Warren Buffett call them the

real 'weapons of mass destruction'

[11:11:51 13/10/08] Stalion : hmmm....

[11:14:05 13/10/08] Stalion : under normal market conditions alan I think this is the time

to unwind ur gbpchf trade...price might turn around any time now...

[11:15:16 13/10/08] Stalion : no particular directional movement for ps due to lack of

news...

[11:15:26 13/10/08] Stalion : low momentum monday

[11:15:50 13/10/08] Stalion : but buy pending order still sts

[11:18:47 13/10/08] Stalion : technically both gbpjpy gbpchf are supposed to be on a

topping pattern...only time will tell when they drop unwind..but dey shud

[11:21:14 13/10/08] Stalion : be back for New York Sessionguys..

[11:31:59 13/10/08] alanlewis : my buy stop just took off

[12:55:00 13/10/08] masif1 : well done guys

[12:55:08 13/10/08] masif1 : i could take this trade




[12:55:18 13/10/08] masif1 : but looks like some pips were made?

[13:31:12 13/10/08] fxjedi : yea...masif....+65 pips...not even counting our 25 pip trailing

stop loss..

[13:32:06 13/10/08] fxjedi : lol!

[13:32:45 13/10/08] fxjedi : hi klho83

[13:33:14 13/10/08] fxjedi : did you see gu shoot up??

[13:33:52 13/10/08] klho83 : didn't put trialing

[13:34:24 13/10/08] klho83 : up more than 100pips

[13:34:35 13/10/08] fxjedi : am 200 pips in profits

[13:36:05 13/10/08] klho83 : Great!

[13:40:07 13/10/08] Stalion : nice start of the weekK

[13:40:25 13/10/08] Stalion : did you make any money?

[13:42:11 13/10/08] klho83 : Thanks Stalion! Please work harder Smile

[13:43:15 13/10/08] Stalion : lol....sure will....

[13:43:35 13/10/08] masif1 : excellent

[13:43:46 13/10/08] masif1 : well done guys

[13:44:00 13/10/08] masif1 : put a trailing s/l you'll be laughing!

[13:45:39 13/10/08] Stalion : 25 pip trailing stop is on....just waiting for price to stop

me out at a +180 profits

[13:46:12 13/10/08] Stalion : stopped out

[13:47:33 13/10/08] Stalion : Very Happy

[13:48:00 13/10/08] masif1 : excellent stal

[13:48:22 13/10/08] masif1 : i used a similar method on fridays call made about 100 pips

[13:48:38 13/10/08] masif1 : but then got greedy gave half of it back

[13:48:50 13/10/08] fxjedi : you did it againstal

[13:50:28 13/10/08] Stalion : not mejedi....its the market...

[13:51:10 13/10/08] albashir : hello all.....

[13:51:26 13/10/08] albashir : hi stal...u did well was out with 245pips

[14:00:15 13/10/08] fxjedi : i can go back to sleep a happy manstal

[14:02:04 13/10/08] Stalion : lol

[14:03:26 13/10/08] Stalion : trading is finished here for today...since we've ended on a

positive note....we'll be back tommorrow..

[14:03:46 13/10/08] Stalion : please feel free to ask any questions or comments...

[14:04:52 13/10/08] klho83 : Today I m a happy man too See u tomorow

http://news.yahoo.com/s/ap/20081013/...re/wall_street

[Forexgreenland]

[09:29:18 14/10/08] caprica1 : morning
[09:29:42 14/10/08] klho83 : Hi Cap gm
[09:43:39 14/10/08] caprica1 : how are you K?
[09:48:11 14/10/08] klho83 : m doing fine cap .Thanks. U missed yerterday trade?
[09:57:13 14/10/08] fxjedi : gm all
[10:02:40 14/10/08] Stalion : helloo everyone
.
[10:16:03 14/10/08] fxjedi : UK House Sales At Record Lows - RICS:
[10:16:21 14/10/08] fxjedi : The latest RICS house price survey released overnight
showed UK house sales in September fell to record lows while the net balance of
surveyors reporting prices falling against rising was -84.2 compared with -81.8 in
August. It's difficult to tell if the data had any impact on sterling however
GBP/USD has fallen in early Europe now trades at 1.7440 the day's high of
1.7547 while EUR/GBP is trading in the middle of its 0.7830-0.7794 day's range
[10:25:10 14/10/08] Stalion : BUY STOP ON GBP @ 1.7570...1ST TARGET @ 1.7610..2ND
TARGET @ 1.7648
[10:26:50 14/10/08] caprica1 : do your buy prices include your spreads Stal?
[10:27:08 14/10/08] Stalion : STOP LOSS @ 1.7505
[10:27:57 14/10/08] Stalion : no....please add spreads to price...2 or 3 pips...
[10:28:10 14/10/08] caprica1 : lol. Just checkinh
[10:32:10 14/10/08] Stalion : price looks to retracing down to 1.7470
[10:35:32 14/10/08] Stalion : the trend is still upguys...in which the retracement
level is inside the uptrend...get it?
[10:36:32 14/10/08] Stalion : cool...
[10:43:53 14/10/08] Stalion : price diving down to the 1.7470 area...pardon the
puncap..
[10:48:40 14/10/08] caprica1 : lol. None taken
[10:54:04 14/10/08] Stalion : so why do we see price dipping to that 1.7470 area?
[10:57:32 14/10/08] caprica1 : no sure. The high of yesterday was .7442
[10:58:51 14/10/08] Stalion : so??
[11:01:35 14/10/08] Stalion : for now..dats not the high to to be looking for...the
one at 1.7566 could be more productive really..soo what were you thinking when you
mentioned the high of yesterday..especially in relation to that region?
[11:02:11 14/10/08] Stalion : masif??
[11:04:00 14/10/08] caprica1 : yesterday's high could act as support
[11:05:50 14/10/08] Stalion : helloo there takbal...
[11:06:04 14/10/08] takbal : hi all
[11:07:03 14/10/08] Stalion : yes it sure could...but it might be more incisive if
we take the swing low at 1.7413 as major support..
[11:11:13 14/10/08] masif1 : hi stal
[11:13:45 14/10/08] caprica1 : yep
[11:34:57 14/10/08] Stalion : price making a counterattack to the bullish side
[11:39:17 14/10/08] caprica1 : yeah it's moving back up to the entry.
[11:44:41 14/10/08] Stalion : price needs to breach two resistance area before it
gets to our trigger..
[11:49:38 14/10/08] caprica1 : where are those areas
[11:55:46 14/10/08] Stalion : we are at the first area now..at 1.7550
[11:56:20 14/10/08] Stalion : 2nd area is 15 pips away at 1.7566
[11:56:53 14/10/08] Stalion : hi enolase
[11:57:03 14/10/08] enolase : hi
[11:58:29 14/10/08] Stalion : welcome aboard fasten ur sealbelts...
[11:58:37 14/10/08] Stalion : seatbelts
[12:00:24 14/10/08] enolase : any orders yet?
[12:01:01 14/10/08] fxjedi : just imagin you just retired 60 percent of your
portfolio in stocks....hmmm I guess retirement is already over for some..No choice
but to keep working till death...The talking heads think this will extend yeah
right....another selling opp if ya ask me...this world is headed for Revolations
spelled out in the Bible... Im not even a religon activist....
[12:01:23 14/10/08] fxjedi : its up there enolase
[12:05:10 14/10/08] fxjedi : UK Gilts The UK government faces a £2B paper loss on
its investment in the country's banks - FT
[12:05:42 14/10/08] Stalion : BUY STOP TRIGGERED...
[12:07:46 14/10/08] fxjedi : whooppiieeee...!!
[12:09:54 14/10/08] Stalion : not so fast...
[12:10:49 14/10/08] enolase : my network is slow
[12:11:18 14/10/08] Stalion : starcomms?
[12:15:58 14/10/08] fxjedi : EUR/USD : The current expected trading ranges the
monthly cycle projected series are 1.3390 // 1.3476* - 1.3562 - 1.3648 - 1.3734 -
1.3820* - 1.3906 - [1.3992]. A critical resistant point is positioning at 1.3749
[13:21:01 14/10/08] Stalion : please take half profits now as price is at
1.7605...+30 pips..
[13:25:17 14/10/08] Stalion : hi masif///
[13:27:05 14/10/08] Stalion : the recent high has been pierced right now....which
looks like a continuation of the uptrend
[13:28:49 14/10/08] Stalion : +40 pips...

[13:30:20 14/10/08] Stalion : 2nd target 1.7685
[13:30:51 14/10/08] Stalion : or just place a 15 to 25 pip trailing stop...
[13:32:01 14/10/08] enolase : just exited at 1.7624
[13:33:22 14/10/08] fxjedi : that was kinda fastenolase
[13:33:39 14/10/08] enolase : i will look for a safe re-entry point
[13:34:58 14/10/08] enolase : with this my network i can't take no stupid chances
[13:36:10 14/10/08] enolase : Starcomms cost me badly last week Monday
[13:36:51 14/10/08] enolase : was in profit to the tune of $2000 at a point then
just as I was about to place a trailing stop my network disappeared (for the next
one week)
[13:37:44 14/10/08] enolase : I ended up making only $800 the trade (price
had retraced by the time i was able to get to a cafe where i had downloaded the MT4
platform
[13:37:45 14/10/08] Stalion : why not use multilinks?
[13:39:01 14/10/08] Stalion : or better still...cobranet or swift networks...they
are broadb very fast....see if dey are operating in ur area...jus 15 or 16k
per month...like starcomms
[13:41:27 14/10/08] masif1 : do u mean 3rd target 17685?
[13:44:41 14/10/08] Stalion : yes...masif.....3rd target @ 1.7685....
[14:45:48 14/10/08] Tpack : hi is this room active ?
[15:03:24 14/10/08] masif1 : we got stopped out on the way to 2nd target
[15:03:30 14/10/08] masif1 : damn something wrong with the chat box
[15:17:07 14/10/08] Tpack : hi masif1 is the chatbox playing up ?
[15:18:15 14/10/08] masif1 : i think so
[15:36:16 14/10/08] enolase : well just logged back in to see that GU dropped like
it wqs hot
[15:36:45 14/10/08] enolase : looks like i made a wise choice taking what i was
able to get scramming
[16:26:54 14/10/08] masif1 : yep got stopped out again
[16:27:07 14/10/08] masif1 : looks like gu going down down down

[Forexgreenland]

Originally Posted by vider;563

Mystikalyou think you are one popular hotshot or a Jack Hersheywith those

stupid moves you tink you got.well better get off your high horse eat pooh.YOU ARE

NOTHINGUNDERSTNOTHING!

[10:17:01 15/10/08] fxjedi : hi all

[10:18:37 15/10/08] Tpack : hi fxjedi

[10:20:56 15/10/08] fxjedi : stalion sent a text alert looks like he coudnt yet make it

online

[10:22:17 15/10/08] fxjedi : buy stop gu at 174671st target at 17509 2nd target at 17535

sl at 17421

[10:23:06 15/10/08] fxjedi : hi klho83

[10:23:10 15/10/08] klho83 : yup! got it. thanks

[10:23:28 15/10/08] klho83 : thanks fx

[10:23:29 15/10/08] fxjedi : did u get text?

[10:23:59 15/10/08] klho83 : yes

[10:24:06 15/10/08] fxjedi : ok

[10:25:59 15/10/08] fxjedi : hope we have another good trading day today

[10:39:23 15/10/08] Stalion : hi everyone..

[10:40:06 15/10/08] Stalion : sorry for being late today...had some problems with my

internet network...even the back up was down...

[10:41:03 15/10/08] fxjedi : hi stal

[10:41:48 15/10/08] Stalion : helloo there jedi..I seen you got my text alrite...

[10:42:38 15/10/08] fxjedi : sure did

[10:44:07 15/10/08] Stalion : price on the GBPUSD steadily moving up to our 1st target of

1.7509..presently at 1.7500 as we speak..

[10:45:57 15/10/08] Stalion : hi tupac

[10:46:33 15/10/08] Tpack : Hi Stalion

[10:47:15 15/10/08] klho83 : Hi stal thanks for the text alert

[10:49:21 15/10/08] klho83 : TP 1 hit

[10:49:23 15/10/08] Stalion : no probsK...part of the packageu know...I jus got back on

after some hours of internet disconnection...had to call my broker ask for prices before

the text alert

[10:49:37 15/10/08] fxjedi : 1st taget hit



[10:50:14 15/10/08] Stalion : cool

[10:50:21 15/10/08] caprica1 : Hi Stal. How's it going ?

[10:50:31 15/10/08] Stalion : take profits den shift stop loss to entry as usual...

[10:50:49 15/10/08] Stalion : helloo there cap

[10:52:01 15/10/08] Stalion : please dont wait until price retraces clear out ur

profits....just take half profits now den shift sl to entry...d remaining half is for 2nd

target or reentry

[10:53:24 15/10/08] Tpack : nice call stalion I can see the price projection

17420-17495 applied to the 17467 was the trade a 60pct the high of the17495

then the triger is the higher higs on the cles ?

[10:59:53 15/10/08] fxjedi : gu going for seconfd taget

[11:04:30 15/10/08] Stalion : cool...

[11:04:34 15/10/08] masif1 : did i miss the alert

[11:04:40 15/10/08] masif1 : first target alredy hit?

[11:05:41 15/10/08] Stalion : am not sure I underst your questiontupac...?

[11:06:11 15/10/08] Stalion : yes masif....a lil late for the party..

[11:06:38 15/10/08] Stalion : but you can still go for 2nd target...though with more higher

risk..

[11:08:39 15/10/08] Tpack : Hi Stalion . I was just checking to see if I could figure where

you got the projection what was the trigger as price was meering in around

that area for a couple of areas what wass the trigger which made your decision ?

[11:08:58 15/10/08] Stalion : remember guys once it gets to the 1.7525 region you can put

in a a 15 to 25 pip trailing stop on the trade..since our sl is now at entry we are

''playing with house money''..

[11:10:48 15/10/08] fxjedi : Always take three ‘vectors’ to underst a position in order

to orientate a direction ‘of trade’.

[11:11:04 15/10/08] fxjedi : A fourth gives conformation

[11:11:17 15/10/08] fxjedi : It is a matter of certainty of a trade – or how stable you are

sitting on a seat with less than three or four legs

[11:11:30 15/10/08] fxjedi : Of course it all depends on what time scale you trade on – but

the longer charts cannot be ignored.

[11:11:46 15/10/08] fxjedi : Pips are where pips are for now

[11:13:43 15/10/08] Stalion : you could say any trigger on a trade wud be due to a

''confluence of events''... intuition

[11:21:57 15/10/08] Stalion : 2nd target hit.....!!



[11:22:28 15/10/08] Stalion : 25 pip trailing stop locked on

[11:23:41 15/10/08] fxjedi : just made 68 pips stal

[11:23:55 15/10/08] fxjedi : thanks

[11:24:10 15/10/08] fxjedi : Very Happy

[11:24:55 15/10/08] Stalion : no probs...jedi...the market did it again..

[11:25:26 15/10/08] Stalion : looks like its going for more pips..

[11:26:12 15/10/08] fxjedi : whooohoooo

[11:27:33 15/10/08] fxjedi : The outlook for emerging-market currencies isn't particularly

positive even if the appetite for risk continues to recover.

[11:31:55 15/10/08] fxjedi : Emerging-market currencies have managed to recoup some of their

recent losses as investors swallow their concerns return to the markets but they're

still likely to exercise a high degree of caution toward these risky units analysts warn.

[11:32:16 15/10/08] Stalion : are you still in the GBPUSD trade K?

[11:33:28 15/10/08] klho83 : 50% 1st Target .25% 2nd target last 25% trailinggggggggg

[11:33:36 15/10/08] masif1 : well done guys

[11:33:59 15/10/08] masif1 : so now your on a 25pips trailing s/l?

[11:34:22 15/10/08] klho83 : 30pips trail

[11:39:03 15/10/08] Stalion : you see yesterday if you'd use our stard risk mgt

principle you would have been stopped out at ur entry while making +40 pips...

[11:40:53 15/10/08] Stalion : remember the market is not the same like 6 months ago...lots

of volatility bad financial news out there.....so it wont be prudent if we always wait

for an extended rally or decline breakoutwhich doesnt occur all the time..

[11:41:13 15/10/08] Stalion : even enolase cut his profits yesterday scrammed

[11:41:55 15/10/08] fxjedi : gu shhoting up

[11:42:19 15/10/08] fxjedi : am 100 pips gain

[11:42:35 15/10/08] fxjedi : klho83 can you see that?

[11:43:02 15/10/08] klho83 : Hitting The Moom Smile

[11:44:07 15/10/08] Stalion : mama mia!!!!

[11:44:22 15/10/08] fxjedi : yeah!



[11:44:50 15/10/08] Stalion : santa maria!!!

[11:45:18 15/10/08] fxjedi : yea!

[11:45:35 15/10/08] fxjedi : LMAO

[11:46:17 15/10/08] fxjedi : Laughing My A** Out!

[11:47:07 15/10/08] masif1 : wheres klho?

[11:47:21 15/10/08] masif1 : well done guys

[11:47:37 15/10/08] klho83 : Still on the flight!

[11:48:04 15/10/08] fxjedi : lol

[11:48:32 15/10/08] fxjedi : rocket to moon?

[11:48:56 15/10/08] klho83 : Stal where can l?

[11:50:06 15/10/08] Stalion : dont be greedyguys....we are ''playing with house money''

now...since our sl is at entry point...or 15 to 30 pips in trailing stop...

[11:51:08 15/10/08] Stalion : you can l when price retraces down to 30 pips..in

yourcase...ur trailing stop kicks in ensures you get out at the farthest price can go in

the moment

[11:53:13 15/10/08] klho83 : out for 120pips

[11:53:46 15/10/08] Stalion : see it pause retrace at the pychological number/grid at

1.7600

[11:54:19 15/10/08] klho83 : yeap! round number

[11:54:31 15/10/08] Stalion : then retrace down to stop K at a 120 pip profit..

[11:56:25 15/10/08] fxjedi : surei got out at 128 pips

[11:59:00 15/10/08] Stalion : We gotta learn to take trading seriously masif...Trading is a

business should be treated as such

[11:59:36 15/10/08] masif1 : noted

[11:59:55 15/10/08] fxjedi : with a 15 pip sl

[12:00:17 15/10/08] fxjedi : traillingsstop

[12:01:59 15/10/08] Stalion : cool

[12:07:32 15/10/08] Stalion : price retracing downwards...the bearish drive may continue to

1.7500 or lower

[12:08:43 15/10/08] Stalion : or just continue going up...

[12:09:30 15/10/08] Stalion : where do you think its goingK..?continue up or going down?

[12:12:17 15/10/08] Stalion : I've already sold by the way

[12:12:20 15/10/08] fxjedi : down?

[12:12:55 15/10/08] Stalion : yes...jedi

[12:13:21 15/10/08] Stalion : but to how much distance?

[12:15:00 15/10/08] fxjedi : not surebut maybe going down to previous support

[12:17:17 15/10/08] Stalion : cool

[12:18:51 15/10/08] Stalion : some made close to 130 pips in less than 3 hours today...

[12:19:54 15/10/08] Stalion : +128 pips $128 minilot...$1280 stard lot on cable (GBPUSD)

[12:20:43 15/10/08] Stalion : hi there eno

[12:21:11 15/10/08] Stalion : did you get the text alert?

[12:37:01 15/10/08] klho83 : Hi Stal just back to my PC. GU should go up futher. Resistance

level at 17630 ..?

[12:39:01 15/10/08] enolase : a very great call

[12:40:34 15/10/08] klho83 : MACD already shows sign of divergence..

[12:41:39 15/10/08] klho83 : wu retrace there or lower..correct me stal ..if i'm

wrong..

[12:56:08 15/10/08] masif1 : so who's on short on GU now?

[13:04:42 15/10/08] enolase : i actually set my target there

[13:27:32 15/10/08] enolase : GU formed a double top at 1.7570

[13:28:42 15/10/08] enolase : i checked my one hour chart found that it made 1.7570

yesterday today

[13:38:05 15/10/08] masif1 : so u went short on it as well?

[14:46:39 15/10/08] argunes : hi everyone! looks like i missed the fun.

[18:16:24 15/10/08] Stalion : yes you did argunes....

[18:47:17 15/10/08] Stalion : [12:07:32 15/10/08] Stalion : price retracing downwards...the

bearish drive may continue to 1.7500 or lower

[18:47:41 15/10/08] Stalion : Price moved almost 300 pips below 1.7500

[Forexgreenland]

Originally Posted by onwukarisa;10211

Hello Mystikal

Thanks for your replies. Another question for you I hope it will be answered :

1) Please how do you determine your entry points.

2) How do you calculate those your targets ( 1 target 2nd target so on).

3) How do you know the number of target a trade or move will have ( whether 1 2 or 3

targets).

4) Alsowhat are the conditions for a 1-2-3 bottom? that is whats the 1 st for the 2

the 3 what do they all st for?

5) in your last reply to me you said "so in this context2 was a minor low while the
low of the bearish hammer before the doji at the last support could st as an
intermediate low." so please whats the difference between a minor low an intermediate

low

6) What do you mean by a bearish hammer a "doji"


Expecting A Reply

1)
Most traders tend to concentrate on pinpointing the perfect entry for a trade. However in

reality the entry price is just one part of the equation. The common entry techniques are:

Channel Breakouts

A trend trader will tend to use channel breakouts to enter trades in order to catch a trend

when it is beginning. The general rule is to pick a period length which could be 20 days

for a long term trader or 15 minutes for a daytrader buy if the high in that period is

broken or sell if the low is broken.

Visual Entry based on patterns

The art of technical analysis focuses on the many types of chart patterns that markets tend

to form. Such as gaps spikes inside days outside days triangles flags double tops

to name a few. These entries are rather more subjective than channel breakouts.

Pure prediction

Prediction techniques include Elliott Wave Gann Dow Theory. Again the actual entry

price based on such theories is very subjective. Predictive techniques usually try to pin

point major turning points in markets are therefore attempting to go against the current

trend rather than with it.

Volatility Breakouts

The theory behind a volatility breakout is that if the market makes a sudden move in a

particular direction then it is likely to continue in that direction. The general rule is to

add/subtract a pre-determined percentage of the recent average true range to the opening

price thus giving buy sell points.

Moving Averages

Take the average price of the last x periods (minutes hours or days) buy if the price

crosses above sell if it crosses below. This technique works well in purely trending

markets but will be badly whipsawed in a range bound market. Variations include using 2 or

more moving averages using the cross of those as a signal. The moving averages

themselves could be simple or weighted (more emphasise on the latest prices).

Oscillators Stochastics

I.e. RSI stochastics Williams %R etc. Generally these tools are used to determine whether

the market is 'overbought' ready to drop or 'oversold' ready to rise. They work best

in range bound markets by picking tops bottoms but fail in a trending market.

(2) &(3)

Since trading is more of an art than a science its more of the interpretation of the chart

information that just calculationsOnwukarisa..Besideslike I reiterated beforeit wont be

to the best interests of my clients partners if the 'edge' is disclosed in an open forum

due to the risk of fading out by the banks institutional tradersetc..
Contact me if you are interested in a private one on one coaching on these winning

strategies...stalion@forexgreenl.com

4) A 123 bottom is a reversal pattern that is usually seen at the end of a downtrend in

which the breach of the 2 denotes a bullish movement of price..
1 sts for the lowest low(LL)...2 sts for the intermediate high before price retraces

3 sts for the intermediate low...remember 3 the intermediate low should not be

lower than 1 which is the major or lowest low..

5)''A hammer have small real bodies(either black or white) these real bodies have to be

at or near the highs of the session..Another criterion is that they need very long lower

shadows ( at least two to three times the height of the real body).Because of their

identical shape you can identify them depending on where they appear in an uptrend or

downtrend...A hammer will appear at or near the bottom of a decline either briefly or

extended; thus the name ''hammer''...which suggests that the market is hammering out a

base.. A bearish hammer simply means the clour of the hammer is dark denoting the opening

price is higher than the closing price of the hammer..




A doji is a session in which the opening closing prices are the same..theregfore it

resembles a cross.It indicates a market in complete balance between supply dem..Since

a doji session represents a market at a juncture of indecision it can often be an early

warning that a preceeding rally(rise) could be losing steam..
The ideal doji forms with the same opening closing price but this rule is

flexible..When the opening closing prices are only a few ticks each other you can

still consider the cleline as a doji..''

The Clestick Course...Steve Nison



[09:02:44 17/10/08] Stalion : helloo everyone

[09:05:07 17/10/08] fxjedi : hi stal

[09:06:28 17/10/08] Stalion : Sell Stop on the gbpusd @ 1.7250..1st target @ 1.7220...2nd

target @ 1.7195

[09:09:47 17/10/08] Stalion : hi fxjedi

[09:15:03 17/10/08] Stalion : twas okay cap....our trade call yesterday didnt go our

way..so we scratch dat say NEXT

[09:24:32 17/10/08] caprica1 : last day for me for a week. Lets see if I can finish the week

off on a nice note.

[09:31:29 17/10/08] Stalion : lol cap....we'll finish the week on a positive note...we are

still on 3 winning days 1 losing day... today friday is up for grabs//

[09:33:59 17/10/08] caprica1 : it's always always nice to finish the week off with a winner though

http://www.reuters.com/article/reute...49F9PL20081016

[09:35:03 17/10/08] masif1 : stal s/l?

[09:37:04 17/10/08] masif1 : anyone?

[09:37:24 17/10/08] Stalion : sl @ 1.7315...remember our pending stop order is still waiting

to be triggered...

[09:40:31 17/10/08] caprica1 : masif dont forget to add your spreads to the stop figure

[09:41:00 17/10/08] masif1 : 1.7320?

[09:45:04 17/10/08] caprica1 : Stal have you used the buy/sell windows on the cable?

[09:48:31 17/10/08] Stalion : Have you or Did youcap?

[09:51:19 17/10/08] kokowater : is that retracement on cable or a reverse stal?

[09:53:39 17/10/08] Stalion : price retraced at the 60% buy window now its moving up...

[09:56:04 17/10/08] Stalion : any high impact news coming out the gbp or usd?

[09:56:42 17/10/08] Stalion : right now even price is looking for a good end to the week...lol..

[09:56:48 17/10/08] caprica1 : I was just wondering as I was reading your post on the forum

here about how you calculate the buy/sell windows

[09:59:26 17/10/08] Stalion : ohhokay..

[10:01:01 17/10/08] kokowater : nope.. it is a low impact news for EUR

[10:01:08 17/10/08] kokowater : there are 2 impacts news at 1:30pm 2:55pm respectively

[10:02:17 17/10/08] Stalion : right now if you look at the GBPUSD 15 min chart you'll see

MACD negative divergence to price which foretells a bearish move down south...

[10:04:19 17/10/08] Stalion : gu needs to break above its previous high in order to really

qualify its bullish move....so we might be slapping a pending buy order above that

high...cap...

[10:07:58 17/10/08] caprica1 : rite.

[10:09:06 17/10/08] kokowater : ok

[10:11:52 17/10/08] kokowater : i still believe in the short of cable..

[10:12:45 17/10/08] fxjedi : why kokowater?

[10:14:07 17/10/08] kokowater : we have a good 123 formation on gu looking at 4hrs

[10:17:21 17/10/08] kokowater : i am still holding my short on eu too i enter so late

becasue i never chekc my 15mins chart for a good entry...

[10:19:36 17/10/08] Stalion : soo?

[10:20:34 17/10/08] Stalion : what does a 123 formation on the 4hr chart got to do with shorting the cable?

[10:20:37 17/10/08] kokowater : soo? how do you mean stal?

[10:25:16 17/10/08] Stalion : can you please explain morekoko?

[10:27:10 17/10/08] Stalion : how do you mean the directional bias is still long on the 4hr

chart cap? what are your reasons?

[10:27:28 17/10/08] kokowater : 123 formation on cable.. i am saying to support or buttress our point.

[10:33:20 17/10/08] Stalion : you see koko good training in trading is very important if

you want to take this thing to the next level..a 1-2-3 formation on the gu does not support

shorting the cable...just because a 123 is a reversal pattern that foretells a long

position not a short position...that was why am asking...they are kind of mutually

exclusive in a way...

[10:37:43 17/10/08] Stalion : can you be more specificcap?

[10:42:54 17/10/08] fxjedi : heycaprica i jus woke up this morning with a hangover.please

dont add more to itthe headachei meanlol.

[10:46:14 17/10/08] caprica1 : lol. Hangover? Self inflicted. No sympathy. lol

[10:50:04 17/10/08] fxjedi : Mercy!

[10:50:32 17/10/08] caprica1 : lol

[11:52:41 17/10/08] enolase : just taken tme to read all the posts

[13:54:31 17/10/08] enolase : today's trading is mostly range bound



[15:41:56 17/10/08] masif1 : first target hit on the short :clap:

[15:42:35 17/10/08] masif1 : cheers

[15:43:27 17/10/08] masif1 : 30pips today Wink

[Forexgreenland]

[08:40:46 20/10/08] enolase : Hi Stal
[08:41:03 20/10/08] Stalion : hi enolase
[08:41:34 20/10/08] Stalion : sorry woke up late today....had a lot to do...
[08:42:11 20/10/08] Stalion : looks like cable is moving up this morning..
[08:42:12 20/10/08] enolase : no probs
[08:47:13 20/10/08] enolase : well I guess we just watch for price acions today
[08:47:34 20/10/08] enolase : action bias for GBPUSD on actionforex.com is up
[08:48:47 20/10/08] enolase : ok
[08:49:54 20/10/08] Stalion : we put a buy stop on gu @ 1.7500.1st target @ 1.7525...2nd
target 1.7575
[08:51:06 20/10/08] Stalion : sl @ 1.7425.....take half profits when on +20 pips in your
favour..
[08:51:17 20/10/08] enolase : price has already taken off
[08:51:29 20/10/08] enolase : i am entering right now at market price
[08:52:17 20/10/08] Stalion : why not put a buy limit @ 1.7500
[08:52:23 20/10/08] enolase : ok
[08:52:37 20/10/08] enolase : why a 75 pip stop loss?
[08:55:18 20/10/08] Stalion : 1 because of recent market volatility....enolase...2 because
our total target is 75 pips...so its a 1:1 risk to reward ratio..
[08:56:19 20/10/08] enolase : ok
[08:56:25 20/10/08] Stalion : any high impact news coming out gbp today?
[08:58:05 20/10/08] masif1 : morning gentlemen
[08:58:35 20/10/08] enolase : none waht I can see on my Economic calendar
[09:00:21 20/10/08] masif1 : gu @ 1.7500.1st target @ 1.7225 - did u mean 1.7525?
[09:01:43 20/10/08] enolase : indeed the only active News for the week are:
[09:01:53 20/10/08] enolase : BoC Interest rate decision tomorrow
[09:02:11 20/10/08] enolase : BoE Minutes RBNZ Interest rate decision on Wed
[09:02:20 20/10/08] enolase : UK retail Sales on Thurs
[09:02:35 20/10/08] enolase : UK GDP as well as BoC CPI on Friday
[09:02:58 20/10/08] Stalion : hi there masif
[09:03:02 20/10/08] enolase : of course the Fed Chman testifies tomorrow: may have
some impact on the USD
[09:03:41 20/10/08] masif1 : hi stal
[09:03:55 20/10/08] masif1 : has that gu call triggered?
[09:04:08 20/10/08] masif1 : i hope iut hasnt as gu going down
[09:04:46 20/10/08] enolase : actually Bernanke testifies today
[09:05:07 20/10/08] enolase : so watch out for a dovish statement that may impact the USD
[09:11:14 20/10/08] fxjedi : helloo all
[09:13:34 20/10/08] fxjedi : did i mis any alerts?
[09:16:21 20/10/08] fxjedi : ohhseen it
[09:42:21 20/10/08] Stalion : looks like gu is still holding up...
[09:44:01 20/10/08] fxjedi : hi stal
[09:44:32 20/10/08] fxjedi : the news was quite in favor of gudont you think?
[09:45:59 20/10/08] Stalion : yesjedi....but only time will tell
[09:56:55 20/10/08] Stalion : hmmmm....
[10:07:01 20/10/08] fxjedi : its like we are on No Man's L
[10:17:30 20/10/08] masif1 : cable long has triggered
[11:23:46 20/10/08] enolase : waz up?

[11:46:48 20/10/08] Stalion : we got stopped out on the buy order for the gu...
[11:47:02 20/10/08] Stalion : 1 strike out..
[11:47:56 20/10/08] Stalion : so we sell gbpusd on current market price @ 1.7435....1st
target @ 1.7485
[11:49:52 20/10/08] Stalion : sl @ 1.7480
[11:52:32 20/10/08] Stalion : sorry typo...1st target @ 1.7385
[12:00:25 20/10/08] Stalion : 2nd target on the short side @ 1.7331
[12:03:09 20/10/08] klho83 : Hi Stal
[12:04:21 20/10/08] enolase : yes
[12:05:48 20/10/08] enolase : the signal appeared late
[12:06:23 20/10/08] enolase : on the chat box
[12:06:46 20/10/08] enolase : i think u need to look into it. Not the first time I have
noticed it
[12:08:59 20/10/08] fxjedi : 1st taget hi
[12:09:09 20/10/08] fxjedi : hit

[12:10:09 20/10/08] fxjedi : but the alert didnt come in lateenolase wen i logged in no
one was around on the chatbox
[12:10:58 20/10/08] Stalion : hi jedi
[12:13:24 20/10/08] fxjedi : do i put a trailing stop nowstallion?
[12:15:29 20/10/08] Stalion : yes you are right jedi...when I posted the short call it
was on record that none was around...price can move any direction at any moment..so as
intraday traders we have to be around to adjust take advantage of price movements..
[12:15:58 20/10/08] Stalion : a 15 pip trailing stop would be prudent man
[12:16:09 20/10/08] enolase : maybe it was my network
[12:16:37 20/10/08] enolase : anyway i entered when the price retraced to 1.7410 so i have
no complaints
[12:16:45 20/10/08] enolase : i am also short on the EURJPY
[12:19:39 20/10/08] enolase : i am also in cruise control on EURJPY
[12:19:41 20/10/08] enolase : wel i have taken profit in GBPUSD
[12:20:29 20/10/08] enolase : looks like the JPY is gaining some control over the majors
but we watch see
[12:24:56 20/10/08] enolase : what a bam bam on EURJPY!
[12:25:13 20/10/08] Stalion : cool...
[12:25:21 20/10/08] enolase : my GU charts froze
[12:25:27 20/10/08] enolase : so i decided not to go further
[12:25:49 20/10/08] enolase : but i just gained some 70 pips on EURJPY
[12:26:09 20/10/08] enolase : at least i have recovered the earlier GU stop-out
[12:29:26 20/10/08] fxjedi : i made 87 pips the gu shortputting a trailing stop for
2nd target
[12:29:52 20/10/08] Stalion : thats nice
[13:05:56 20/10/08] enolase : GU dey retrace o!
[13:06:23 20/10/08] enolase : but let's watch it
[13:42:54 20/10/08] masif1 : damn got stopped out on the long missed the short call Sad
[13:43:29 20/10/08] masif1 : how did you do on the short? make up the loss on the long?
[14:14:32 20/10/08] enolase : masif my man
[14:14:58 20/10/08] enolase : the way the market has been in the last three months the SET
FORGET Strategy is not the best anymore
[14:15:09 20/10/08] enolase : u need to be on your screen
[14:19:53 20/10/08] enolase : the GU 2nd target was triggered
[14:21:17 20/10/08] enolase : so i lost 75 pips on the Long GU trade then gained 80pips
the Short trade then another 70 pips Short EURJPY
[14:21:27 20/10/08] enolase : not a bad start to the week
[14:26:04 20/10/08] masif1 : WELL DONE enoloase
[14:26:13 20/10/08] masif1 : i see what you mean
[14:26:34 20/10/08] masif1 : if you had put a trailing s/l on the short you'd be laughing
bro
[14:32:58 20/10/08] enolase : looks like the dollar yen are set for more gains
[14:33:37 20/10/08] enolase : i am in short on the EURUSD EURJPY
[14:34:53 20/10/08] enolase : combined i am 90pips in profit right now
[14:36:10 20/10/08] enolase : i see EURJPY hitting 135.00
[14:36:54 20/10/08] enolase : but let's see
[15:02:59 20/10/08] masif1 : about 200+ pips could have been made on the cable today if
stals alert was taken
[15:03:12 20/10/08] masif1 : the short alert
[15:03:21 20/10/08] masif1 : minus the 80pips loss
[15:03:32 20/10/08] masif1 : 120+ is brilliant start to the week!
[15:07:29 20/10/08] enolase : Bernanke has started his House testimony
[15:07:54 20/10/08] enolase : "supports a 2nd stimulus to support the economy"
[15:10:07 20/10/08] enolase : take a look at the doolar gains over the CHF
[15:58:44 20/10/08] enolase : wow
[15:58:49 20/10/08] enolase : what a day
[15:59:50 20/10/08] enolase : i have close to 250 pips in the bag today. i am out for the
day.
[15:59:59 20/10/08] enolase : Better to leave when the ovation is loudest
[16:02:57 20/10/08] enolase : thanks Stallion. See u all tomorrow
[16:03:13 20/10/08] enolase : today's experience has shown one thing:
[16:03:33 20/10/08] enolase : at this period it pays to stay glued to your screen so you
don;t miss great setups good trades
[16:03:42 20/10/08]Stalion : +300 pips +300 minilot +3000 stard in less than 6hrs

[Forexgreenland]

Originally Posted by 4xis2ez;200122

Forexgreenl what is your point in your post below? Are we to
expect spam in the future you?

Originally Posted by djindyfx;200188

I'm in agreement with 4x..

Forexgreenl.. Please do not post your IM messages in the Forum. Understably..We see
you caught a Drop. This one could just have been luck.. What "Signal" did you use to
catch the drop? That might be more of a learning experience for the people in the
Forum

I come in peacemon amis...
On the contrary your discussion on the Welles Wilder book ''The Delta Phenomenon or the
Hidden Order In All Markets''piqued my curiousity.. Jim Sloman the genius engineer that
discovered it shared it with Welles talked about Delta turning points where
when it should be in the markets. Though he claims Delta is the basis of all market
movements there are NO exact exit entries to take advantage of those predetermined
Delta turning points..
''The secret can be defined for all five Delta time frames by just eighteen words.
Markets repeat directly or inversely relative to the total interaction of the sun the moon
the earth.
For the Intermediate Term Delta time frame each colored line is on the
date of each FULL MOON!
We can define the Intermediate Term Delta in nine words.
Markets repeat directly or inversely every four lunar
months.
That is the height of simplicity. It is a truism. It has held up as far back
in history as there is obtainable data. yet it has eluded everyone who
ever tried to find it . . . the real underlying order in markets . . . until it was
discovered by Jim Sloman in the summer of 1983.
Now even though we know the Delta order is perfect unfortunatelyfor me the exact date of
the high the exact date of the low (of thehigh/low rotation) is not perfect. If it were
you would not be reading this book I would have by now accumulated more wealth than
anyone else in this world!
So. it is important to underst the difference between perfect order perfect accuracy.
Perfect order involves a phenomenon that repeats exactly within a defined reference. In this
case the reference is the perfectinteraction of the sun moon earth.
Perfect accuracy defines the accuracy within the order. In this case
the accuracy is that of the turning points. That is how close a particular turning point
will come to a predicted date. Obviously it is not possible for perfect accuracy to exist
within the perfect order of markets.'' Quote the Delta Phenomenon Book
That is where I come in my friends..

Originally posted by Hoof:
[QB] Hi. This is my first post I want to try get some answers to the questions I have
about this thread. It would appear as though the 60% "window" does in fact appear to get
slightly more hits than the 61.8 fib. Why exactly is beyond me but it does appear that way.
We will see how long that lasts.
I do not know how you are calculating targets but I was able to pick up 70 pips on GBP/USD
but would like to know if target prices are established support or resistance or if
there is in fact a calculation that is being used?
Are you selling a service? Your website forum suggests that you are selling a service.
[/QB]

Helloo Hoof
It is true the 60% window got more ''hits'' than the 61.8 fib.. it lasts as long as
there's a forex market..
There are calculations being usedwhich also takes cognizance of support resistance
levels..The CHART PATTERN RECOGNITION PRICE PROJECTION STRATEGY is a conglomeration of
diverse dynamic trading techniques that is synergetically combustulated to form a
holistic winning formula or ''edge''.
Please dont get me wrong Hoof....I'm not selling out...especially in the art of trading..
Welles Wilder of the ''Delta Phenomenon'' sells his books services..Steve Nison Tom De
MarkDr Alexer Elder Dr Van Tharpetc..sells their services manualsWarren Buffet
sells his services through Berkshire HathawayBill Gates through Microsoft..etc..Does that
mean they are sell outs or any lesser than the trading public? I dont really think so..else
how would anyone get to benefit their insights experiences?
They are still true to their art..which only makes them better..Trading is an ArtScience
as well as Business should be treated as such..

Originally Posted by XtRaVaGaNt;73175

Hi forexgreenl is it possible for me to join your littel club...
please... although im a noob i want to learn you guys please please
master

[13:45:33 21/10/08] Stalion : helloo everyone
[13:45:43 21/10/08] skipper : Hi
[13:46:27 21/10/08] Stalion : our long gu order didnt go according to plan early this
morning so we cut it off say next..
[13:48:27 21/10/08] Stalion : we put a sell pending order on gbpusd @ 1.6955 1st target @
1.6919...
[13:49:24 21/10/08] Stalion : sl@ 1.7108
[13:51:57 21/10/08] skipper : hope your order hits & I'm still with you on the journey down
[13:52:26 21/10/08] klho83 : Hi Stal
[13:52:51 21/10/08] Stalion : hi K
[13:53:50 21/10/08] klho83 : Stopped for GU long trade during asian session
[14:01:43 21/10/08] masif1 : coolio
[14:03:56 21/10/08] tundope : hi stal
[14:06:51 21/10/08] Stalion : OKAY
[14:21:48 21/10/08] Stalion : price almost brushing our sell stop order
[14:38:28 21/10/08] Stalion : hi enolase..
[14:40:06 21/10/08] enolase : i am on the sidelines for now
[14:40:20 21/10/08] enolase : the BoC interest rate decision is a tricky one
[14:40:40 21/10/08] Stalion : hi fxmonkey...
[14:40:58 21/10/08] enolase : market expecting a 50 basis points cut so movements downward
may have been factored in
[14:41:49 21/10/08] didi : it's not been too rosy.i once traded with no stop loss lost
1'400 in 3 mins
[14:42:10 21/10/08] enolase : CAD may gain if there is only a 25 basis points cut or no cut
at all so I will just watch it
[14:44:11 21/10/08] Stalion : what was the name of the strategy you used?
[14:45:05 21/10/08] enolase : $1400 in 3 mins?
[14:45:53 21/10/08] didi : i try to keep it simplejust some ema'srsi stoch.like i said
i'm new
[14:46:25 21/10/08] Stalion : yes eno the USDCAD AU/USD may be worth watching this
afternoon....I hope the news gets to have a high impact
[14:47:41 21/10/08] Stalion : no probs....but at the end didi...its not more about the
right strategy than risk management...they both are very important...
[14:48:17 21/10/08] enolase : but like Stal said risk management is very important
[14:48:44 21/10/08] enolase : i learnt these lessons the very hard way last year in my early
trading
[14:49:22 21/10/08] didi : believe me i now know d importance of risk management
[14:49:52 21/10/08] Stalion : if 1400 was like 2 to 5% of your total equity that you lost in
3 mins then you wouldnt be that worried would you?
[14:49:54 21/10/08] enolase : one thing i learnt Stalion
[14:50:04 21/10/08] enolase : THERE ARE ALWAYS OPPORTUNITIES IN THE MARKET
[14:50:15 21/10/08] enolase : u miss one wait. others will come
[14:51:51 21/10/08] didi : for u trades how much stop loss do u recomend
[14:52:11 21/10/08] Stalion : but the main challenges is Do You See Them Take The Trade?
[14:54:29 21/10/08] didi : the problem now is after that loss i lost a lot of confidence
i've only just started trading again. all i do is scalp for 5 pips here there
[14:55:39 21/10/08] Stalion : earlier this year a 40 pip stop loss was fitting...but with
the recent volatility in the marketsprice tends to move more...check the average range of a
cle stick bar high to low
[14:58:20 21/10/08] Stalion : so nowplacing stops at support resistance areas are more
prudentespecially with recent price movements...
[15:07:46 21/10/08] fxjedi : so do we sell usdcad as it came out on 0.25 basis points Stal?
[15:11:36 21/10/08] Stalion : not yet jedi
[15:12:58 21/10/08] Stalion : we put a buy stop on USDCAD @ 1.2100....1st target @ 1.2150
[15:13:53 21/10/08] enolase : yes jedi
[15:13:58 21/10/08] enolase : not yet
[15:14:15 21/10/08] enolase : there is a dovish statement made by the BoC
[15:15:31 21/10/08] enolase : which will likely make the CAD ps to follow recent trends
[15:15:38 21/10/08] Stalion : sl 1.2050
[15:16:38 21/10/08] enolase : order should be 15 pips in profit now
[15:23:44 21/10/08] Stalion : lets wait seeenolase
[15:39:57 21/10/08] Stalion : there is resistance at the 1.2128 region
[15:41:47 21/10/08] Stalion : so remember guys we have a sell pending order on the gbpusd
a buy pending order on the usdcad...
[15:47:52 21/10/08] masif1 : thanks stal
[15:51:17 21/10/08] masif1 : uscad buy triggered
[17:34:15 21/10/08] masif1 : target hit!


[17:34:27 21/10/08] masif1 : 50pips made on the USDCAD
[17:34:53 21/10/08] masif1 : still going up
[17:35:08 21/10/08] masif1 : damn i knew i should have put a trailing s/l
[17:54:24 21/10/08] masif1 : first target hit on the cable short!

[17:54:28 21/10/08] masif1 : 40pips made there
[17:54:35 21/10/08] masif1 : still going down
[17:54:45 21/10/08] masif1 : damn wish i had traling s/l on that as well
[08:59:43 22/10/08] enolase : made $1500
[08:59:58 22/10/08] pipster1 : Very Good
[09:03:08 22/10/08] enolase : 1000 pips Monday morning: that has been the story of the
GU move
http://news.yahoo.com/s/ap/20081022/...re/wall_street