Short term Trend Indicator - EUR/USD bullish.

[RTFX-Trading]

[forexgreenland]

Helloo Folks,
We thank God for bringing us to the begining of another brand new week and we give Him the

glory in ALL things..

This is Stallion,veteran forex trader and mentor. I would be reviewing strategic tips on

how the major currency pairs can be milked. Though I specialize in gbpusd, other pairs

would also be taken into consideration during our analysis.

It has been theorized that your state of mind will dictate your trading methods. Experts in

the field of trading psychology have pinpointed three main states of mind and how each has a

direct effect on a trader's profitability.

These three mind states are "having", "doing" and "being". Psychologists have noted that

those new to trading start with a "having" state of mind. As they gain more experience,

they move on to a "doing" state of mind. The pinnacle of profitability occurs when a trader

moves into the last and final "being" frame of mind.



The "Having" Mind Set
A novice trader may focus primarily on profits. In this "having" state of mind, they are

out of sync with the markets. They are blinded by their obsession to obtain the all mighty

dollar and what it can afford them. Trading is not viewed as a job that must be mastered,

but as a vehicle to escape from a world of mediocrity.

Many traders are in the business to make money, as well as they should be. However, if they

are blinded by greed, they tend to take uncalculated risks. Looking at the potential payoff

without carefully calculating market trends and other factors is a recipe for disaster.

It is impossible to graduate to a high performance level when you concentrate on "having"

instead of how the game is won. If you trade in a "having" frame of mind, you may become

frustrated when profits are not immediately forthcoming. With frustration comes a lack of

focus. Without the ability to focus, you cannot gain knowledge from your experience on the

trading field.

Other negative consequences of this mindset are feelings of frustration and anger.

Frustration stemming from a lack of expected profits and anger directed at oneself or the

market in general. These adverse emotions will only cause further decline in profitability.

Without witnessing gains from one's efforts, an individual may not give their best and may

be tempted to "throw in the towel".



The "Doing" State of Mind
If an individual continues on to trade another day, they will eventually move from a

"having" to a "doing" state of mind. Learning that there is more to trading than the

amassing of money, a trader will turn their focus on learning new methods of trading and

what does and doesn't work.

This state of mind is still primarily centered on how to turn a profit. Although a "doing"

mind state is essential to becoming a seasoned adept trader, the main focus is still short

of the mark. It is crucial to know what works and what doesn't. However, a skilled trader

will tell you there is more to the business then choosing one method and using it

arbitrarily to make trades across the board.

Becoming a trader of means requires not only a winning attitude, but also a fine honing of

trading skills. To develop these skills, you must make trades using various methods under a

wide spectrum of market conditions. Only then can you develop the needed intuition to

master the art of trading.



Pinnacle of Profitability: The "Being" State of Mind
A successful trader almost instinctively knows how to make a trade using the best method

available for the current market trend and/or condition. This ability does not occur

overnight. It is only accomplished through perseverance, knowledge of various trading

methods and learning which one works given a particular market condition.

No trade is ever a "sure thing". However, a profitable synchronicity almost naturally

occurs when you are faced with a potential trade, have a feel for the current market trends

and conditions, and utilize the method best suited for a potential payoff. This "being"

state of mind ultimately lends itself to long-term success in the high stakes of trading.


So for today,Sunday the 16th of November,we await the opening bell of the Asian Session to

commence trading..
we might likely see a BULLISH GAP to the upside in less than 2 hours from now.
We put a buy stop on our 60% BUY WINDOW @ 1.4765...1st target @ 1.4805..2nd target @

1.4840...3rd target @ 1.4884..sl @ 1.4700

[forexgreenland]

Quote from Smurfie:

Hey Forexgreenland

All trends from the monthly to the 5m timeframe are down. Why do you see an up-gap coming?

In other words, on what do you base your decision?

Cheers,

Smurf

Hi Smurf, the up gap is not really the issue here..Price pleased us with some lyrical

teasers.
We jus chilling.. when we popped the cable glass ceiling..like an epiphany..me and

traderji..
I based my decision due to the ''market tells''..shown on those charts..mon ami..Like I said

earlier, price was at its BUY WINDOW...MACD showing bullish divergence,123 pattern,etc..As

you go along, you'll see why I based my decision on a long call, instead of a short..

Posté par jeff15

In the name of the lord most merciful,
Nice thread forexgreenland. Week begins with the pound 13 percent drop against the dollar

and 8 percentagainst the euro . British banks are shrinking foreign borrowings .A weaker

currency is being recommended.

Maybe, jeff15...maybe..

Posté par betard 75367

Bearish gap, filled and bounced off your entry point (resistance area).

Looked like a good place to short rather than long but i was sleeping. If there had been a

bullish gap then that looked like a good long trade though (bounce off support). Look

forward to hearing more.

Yes, betard, I like that word ..''bounced off entry point''..like bouncy balls..At that

particular time, it looked good to short..and we got stopped out twice..

In retrospect, that might not really look like a good place to short, except for the

SCALPERS..Like Ninjas,they move in stealth, with each breath..never make their presence

felt..Price on the GBPUSD opened this Monday morning @ 1.4671..made a low of 1.4656..just 15

pips..removing 5 to 6 pip spread reduces it further..Though there was not a bullish gap in

the early hours of this morning, but a bearish gap on the open, it was just the precursor of

good times in the bullish sides..

Posté par Anonymous

Wow nice call today! I must be honest after been stop out twice the

third time I was not very condident with the trade and took+ 20 pips, if I had wait I should

grabe +200pips.... thx Stalion

It was like 382 pips,mon ami...close to $400 minilot..$4000 standard lot on monday..But we

got stopped out twice at 65 pips each...making a total loss of 130 pips..Subtract that from

382 pips, we get net profit of 252 pips(excluding pip spread /or charges.)..But remember, we

lost twice before we can arrive at our net profit..Such is life...If Thomas Edison can fail

a thousand times before dicovering the icandescent lamp, why are we traders soo skeptical to

losses.. Every single trade does not have to be a masterpiece..

Posté par delvia_saputri

forexgreenland, I will be here with you to check the

daily analysis and strategic tips of forex.. i hope you post such this info continuously ...

I will learn more and more..
Thanks forexgreenland

No probs, delv..We all learn and earn more and more...




[quote=technamental;000002]So.. where are these other guys you are talking to?

Just google ''forexgreenland''

[forexgreenland]

Posté par jeffsmith

Looking at GBP/USD intraday: key ST resistance at 1.5.
Pivot: 1.5
Preferred: Short positions below 1.5 with targets @ 1.4815 & 1.467 in extension.
Alternative scenario: Above 1.5 look for further upside with 1.51 & 1.513 as targets.
Comment: the RSI has banged against a major resistance around 70% and is reversing down.
It is being said the pound's decline will assist GB's economy so as long as it doesn't turn

into a ``run'' on the currency.Investors are selling the pound on concern about the size of

GB's recession.

Nice one, jeffsmith, keep it coming..

Posté par stalla

Nice analysis !!!

I think the pound keeps getting pounded for further losses after the negative view trotted

out by King and company midweek and by the backdrop of the country's current account deficit

and huge fiscal challenges. These are the same types of problems faced by the typical

emerging market country in a global crisis and some are even starting to talk up the idea of

a currency crisis for the UK. The negative momentum that GBP has worked up at this point is

getting worrisome and may demand an official response very soon if GBPUSD moves to 1.4000

and EURGBP to 0.9000. We've been taken aback at the vehemence of the moves - the GBP crosses

are dangerous territory.

Regards

Yes,stalla, you might be quite right on that one, you know..especially with the GBP crosses

like GBPCHF and GBPJPY, aka the beast..so prudent money management during trading is very

important..

[11:11:55 19/11/08] Stalion: hi everyone

[11:12:17 19/11/08] Maximus : Hey Stalion good to hear from you..

[11:14:08 19/11/08] djcarlos : Hi

[11:16:02 19/11/08] Stalion : cool...

[11:21:42 19/11/08] Stalion : also a buy stop on gu at 1.5005..1st target at 1.5025..2nd

target at 1.5045...40 pip sl away

[11:25:43 19/11/08] djcarlos : so, the buy entry was hit???

[11:26:33 19/11/08] Stalion : yes, dj...

[11:26:46 19/11/08] Stalion : we are on the ride

[11:44:07 19/11/08] klho83 : All targets hit

[11:45:24 19/11/08] djcarlos : yes

[11:50:35 19/11/08] masif1 : wow - quick 40pips!



[11:50:35 19/11/08] Maximus : do we live the sell stop there?

[11:50:47 19/11/08] masif1 : and still going up!

[11:53:16 19/11/08] Maximus : guys do myou keep your sell entry activated or not?

[11:56:07 19/11/08] djcarlos : I saw in dailyfx.com that GU will going to make pivot in

1.5050

[11:56:34 19/11/08] Stalion : no...delete the sell stop entry for now, since market dynamics

have changed

[11:56:46 19/11/08] djcarlos : ok

[11:57:00 19/11/08] Maximus : thx...

[11:57:03 19/11/08] Stalion : hope you got ur trailing stop on

[11:58:00 19/11/08] Stalion : what kind of pivot,dj? what do you mean about pivot at 1.5050

[11:58:03 19/11/08] Maximus : exit 1.5045 because only trading 0.10 lots..



[11:58:35 19/11/08] djcarlos : I can send to you the chart by mail

[11:59:07 19/11/08] klho83 : Is the sell stop still valid?

[11:59:48 19/11/08] masif1 : i have left the sell in place

[11:59:54 19/11/08] Stalion : it doesnt matter, max..you could close half of the 0.1 lot

...as in, 0.05..the allow d other half to ride with a trailing stop..


[20:33:40] Stalion : hi folks, its a cool evening here in the city of Lagos, so we put a buy

stop on GBPUSD @ 1.5045..1st target at 1.5070...2nd taRGET AT 1.5095..3rd target at

1.5120...50 pip sl away



And we also put a sell stop on GBPUSD @ 1.4970...1st target @ 1.4945..2nd target @ 1.4920..3rd target @ 1.4895..




We call it TRAPPING THE DRAGON TECHNIqueza

[forexgreenland]

Posté par onwukarisa

Hello Mystikal,

How are you doing?Please i will like to ask apart from the 123 top and bottom, is there any other type of chart pattern that can be formed.

Yes, onwuka...there are some good chart patterns around...just google head and shoulder patterns, W top and bottom, wedges,triangles,pennants, etc..You could find something useful that might assist you in your trading activities..If you checked those charts, you would hardly see any indicators...every trading decision is based from the charts and patterns..no mumbo jumbo indicators or lines all over the place,,just straight from the charts..

Posté par KITT862

it seems too complicated/technical for me . really for beginner? for me, I just need easy/simple indicator or EA to decide buy or sell.

Lol,kitty...in reality..it is quite simple and easy in forecasting..Dont stop it if you think you gonna make a profit..
Many of the most simplest things in life are the most profound..like hydrogen,with the atomic number of 1.
We need 2 atoms of oxygen with an atom of hydrogen, to form 1 molecue of water(H20)..Very simple but many people are not AWARE..''For the Bible says;My people Perish Due To Lack Of Knowledge/Vision''..
Until you are AWARE that YOU are the INDICATOR..YOU are the Expert Advisor...YOU are the ROBOT...YOU are the HOLY GRAIL'',,you would always see yourself as a beginner in the markets..
Until you throw off the clutches of EA's, robots,and diverse indicators, and start taking trading decisions straight from the charts,you would always tend to see yourself handicapped from reaching your goals of making profits through trading..
YOU TAKE THE DECISION...YOU TAKE THE RESPONSIBILITIES..NOT A ROBOT..FOR YOU ARE THE R-O-B-O-T!

Posté par logoodung

I went short @ 1.4944 yesterday at about 7am with limit set at 1.49 and stop loss at 1.50. Up to 11am the range fluctuated between 1.4960 to 1.4995 even after the BoE minutes. Did I miss something? After the CBI report obviously I was out the trade and seeing the trend of GBP extend to 1.51+. Why didn't this go my way?

Sorry,logoodung, you were right in the middle of the 3 low of the 1-2-3 pattern,which usually foretells a bullish bias..Problem was, you thought short, instead of long..Thats what you missed, mon ami..ohh, by the way, there was also a bullish hammer candlestick just where you went short, which formed as support to price..so where you would've gone right, as in the solution, was by putting a sell stop below the low of 1, of the 123 chart pattern,which if triggered, would confirm your bearish bias in pric e movement..

Posté par mystikal

[20:33:40] Stalion : hi folks, its a cool evening here in the city of Lagos,
And we also put a sell stop on GBPUSD @ 1.4970...1st target @ 1.4945..2nd target @

1.4920..3rd target @ 1.4895..



We call it TRAPPING THE DRAGON TECHNIqueza

[20:45:50 19/11/08] Maximus : ok I got it, thx Stalion.....

[20:50:33 19/11/08] djcarlos : thanks Stal

[09:24:57 20/11/08] klho83 : I missed that

[10:31:43 20/11/08] klho83 : Hi Max.

[10:58:56 20/11/08] masif1 : guys stalion did NOT post the following alert

[10:59:05 20/11/08] masif1 : And we also put a sell stop on GBPUSD @ 1.4970...1st target @ 1.4945..2nd target @

[11:00:48 20/11/08] masif1 : 1.4920..3rd target @ 1.4895..

[11:00:55 20/11/08] masif1 : this was on the forum

[11:01:08 20/11/08] masif1 : http://www.trade2win.com/boards/fore...-pairs-24.html

[11:01:13 20/11/08] masif1 : posted last night

[11:01:23 20/11/08] masif1 : the buy call we would have got stopped out on

[11:01:37 20/11/08] masif1 : however the sell call we would have made profit Wink

[11:06:42 20/11/08] masif1 : or was that the original sell alert stalion sent yesterday morning?

[11:06:59 20/11/08] masif1 : i know i should not have cancelled it ;(





so for Friday,we put a buy stop on GBPUSD @ 1.4865...1st target @ 1.4900...2nd target @ 1.4950...3rd target @ 1.5050

[forexgreenland]

[00:07:31 24/11/08] Stalion : hi everyone

[00:09:04 24/11/08] Stalion : price made a bullish gap on the opening gap of the Asian

session....so its a very good opportunity

[00:09:40 24/11/08] Stalion : we put a sell stop @ 1.4922..1st target @ 1.4881..2nd target @

1.4840..3rd target @ 1.4787...if you fear a trap, you can also put a buy stop on the same

entry @ 1.4922..1st target @ 1.4945..2nd target @ 1.4970..3rd target @ 1.4995..on the

bullish side..USDCHF might also open on the bullish side @ 1.2225..1st target @ 1.2245..2nd

target @ 1.2262

[00:10:13 24/11/08] Stalion : we revise our sell stop to 1.4945

[00:53:13 24/11/08] djcarlos : FXCM it having problems... i cant enter the sell stop

[01:14:33 24/11/08] djcarlos : entry point was hit??? I cant see

[01:26:30 24/11/08] Stalion : hmmmm....

[01:27:04 24/11/08] Stalion : the doggy style didnt work?

[01:27:46 24/11/08] djcarlos : I dont know ... I cant see .. my plataform it having

problems...

[01:32:03 24/11/08] djcarlos : how was the alert???

[01:33:52 24/11/08] Stalion : we just hit first target

[01:34:07 24/11/08] djcarlos : Sad



[01:39:46 24/11/08] Stalion : u can still enter now....

[01:40:01 24/11/08] Stalion : price still has some distance to go....

[01:50:28 24/11/08] djcarlos : I cant because my broker is not working

[01:51:19 24/11/08] djcarlos : The doggy style is going to be like trapping dragon.... it

will going up.. after down??

[02:57:15 24/11/08] djcarlos : I cant enter yet

Posté par bertmaple

I dont know Holmes,

looks like the USD is about to go down.

Dr Who?
Sorry...bert...stuff happens..right?


Hi everyone, hope ur all having a nice day...the UK gdp REPORT CAME OUT THE SAME , SO FOR

NOW,WEDNESDAY, TECHNICAL ANALYSIS IS PREEMINENT..we put a sell stop on GBPUSD @ 1.5300..1st

target @ 1.5260...2nd target @ 1.5175..3rd target @ 1.5090..sl @ 50 pips away from entry..

[forexgreenland]

Posté par Learning_pips

Hi Stal,

Wanted to clarify a point out of the explaination that you gave a couple of days back about

the Reaction Swing and the Projected Reversal Date.
1.When you said about the centre of the cycle, wont we calculate a 60% buy window and be

long on the trade after the Reaction Swing ends and the current Bull run restarts.

2.For applying Mr.Crane's Reversal date projection technique of reverse and forward counts,

what is the most reliable time frame to do so. I mean I tried doing it in smaller time

frames but could not be very successful.

Thnks..your big fan..

Helloo Learning pips,
You know what your questions does to me? it challenges me...really, it does..like digging

down the well of yourself..believe me guys, these questions are NOT easy, though

simple..neither is understanding market behaviour or ''tells'' for consistent

profitability..
So we go back to our monthly charts on the GBPUSD..remember last time, we talked about a

reversal date of 4 to 8 months from now, for the cable..in which , price would have reached

a high probability turning point from its downtrend to (A) an uptrend reversal or (B), a

sideways consolidation or range in which the market is not ready to reverse but would

continue trading in the same direction as the current trend.So price on cable has a maximum of 9 months to show a reversal, according to the Reversal Date technique.



We shouldnt mix the concept of the Reaction Swing and Projected Reversal Date with the 60%

buy/sell windows. The R.S is mainly used for TIME PROJECTIONS while the 60% buy/sell windows

are more useful in the realm of PRICE PROJECTIONS.Now look at BC, the Reaction Swing where

we got the centre of the circle in which the past can project the future..though price would

have triggered our centre of the Reaction Swing @ 1.8300..it made a turnaround at the 60%

window..where the red arrow was.. Except you got very deep pockets to withstand a $1300 pip

downward move with leverage,you would've been stopped out..It was at the 2nd try, where the

blue arrow was, that price cleanly triggered the buy stop at the centre of the Reaction

Swing, and rocketed up..

Another difference is the R.S/R.D are mainly used in PRICE RETRACEMENTS, while the BUY/SELL

WINDOWS, are mainly used PRICE TRENDS..Always understand the difference, like understanding

your reality..''where Am I At In The Present Moment Of Now?'' Where Am I In The Greater

Scheme Of The Universe?Am I in a full trend or a retracement/correction?

2 Actually, you can apply those TIME PROJECTION TECHNIQUES on any timeframe, whether 5min,

15min, hourly, or weekly,etc.. The major challenge is counting those bars or candlesticks,

for the lower the timeframes, the more Reaction Swings inherent in them, and the more you do

your counts.. Since John Crane is from the futures/commodities world, most of his strategies

are different, yet similar to those in the forex world. His brilliant book, ADVANCED SWING

TRADING'', is very helpful for swing and position traders..

Posté par Mageroi

My studies have proven to me that flexible and liberal interpretation

of EWA coupled with precise Fibonacci proportions & extensions on Price much more accurate

and practicable than all the Time studies of Gann, Delta, MM etc...

From practice & observation of others (including the newsletters from Copan) Delta or MM are

pretty much based on loose, flexible timings.The theoretical assertiveness of Copan in his

tapes is impressive but his newsletters are nourished with incertitudes....

I have yet to find a Timing study more precise than Price to trade with despite all the hype

about Time. Time cycles dissapears at times......
Just my experience and choice I guess.

Hmmm, Mageroi, you might be quite right there..though they still have their uses..Is Time

Projection a core strategy of Buffetology?

Posté par MB219TR

Dear Madam and Dear Sir,
My name is Mahir I am a investor in Turkey, I would to ask you a question if you permit.
According to the exchange rates, the £ exchange rate to the $ was 1,99 at the common years,

now it decreases to 1,49.
According to the exchange rates, the £ exchange rate to the € was 1,55 at the common years,

now it decreases to 1,17.
As we have in our owner equity, our capital is almost all in British Pounds. According to

the long-term finance management we have a loss of about 900.000 Dollar’s because of the

exchange course.
My question is what do you advice me to do. Should I change to Euro or will the Pound be

stable and will gain its unique power again.
I hope you are not suprised about this mail because there to many speculations and I really

do not now how to act thats why I need help for an advice from you.
I thank you in forward and hope for your reply.
Yours Sincerly,
MAHIR - MB219TR@YAHOO.COM

Well, Mahir,
just dont overlook GOLD as an alternative asset class, that traders run to during periods of

market uncertainity.

http://news.yahoo.com/s/ap/20081129/...l_opec_meeting

Posté par danew13

trying to max my dollar exchange to gbp...i can wait...is it worth it?

some predict gbp will tank at 1.40 dol. opinion?

Even lower, danew...Price on the cable have up to 9 months to prove it.

NOW,SUNDAY,our previous order is still on,.we put a sell stop on GBPUSD @ 1.5300..1st target

@ 1.5260...2nd target @ 1.5175..3rd target @ 1.5090..sl @ 50 pips away from entry..

[10:32:33 26/11/08] Stalion : we also put a buy stop on gu @ 1.5540...1st target @

1.5580..2nd target @ 1.5615

[10:33:04 26/11/08] Stalion : sl @ 40 pips away..

If you care to observe, both buy and sell stops are at the extreme end of the Thanksgiving

week range..so we call this THE MONTHOBAMA TECHNIQUE

[forexgreenland]

Posté par mfoste1

I need some advice from some seasoned forex traders...I am a college

student studying finance and I am fairly new to forex trading but i have frequently day

traded some stocks. I opened up a fxcm account 3 days ago funded with $5,000. Today was the

first day that I traded it for about 3 hours. At the end of the 3 hrs I made a profit of

$1,042.25. It doesn't seem like I'm executing my trades very well though, so I'm wondering

if this is just luck or something like that. Is significant profit a sign of good

trading?

Hi mfostel,
Its quite encouraging of you to admit you've not been executing your trades very

well..Though some might say its just 'luck to catch a drop', it all depends on you, at the

end of the day..
Significant profits is just a MEASURE of good trading....You still have to create structures

based on your trading plan , in order to know where, when and how you went right or wrong in

your trading activities..
These structures includes your trading strategy, risk management and trader psychology..like

how do you reconcile an 80% gross profit with a 50 % relative drawdown?
How exposed are your trades for that session , in relation to your total equity? How do you

know when you are on a losing streak and how does that affect your successive trading

activities? Those, and more questions you ask yourself, would surely help in making you the

seasoned trader that you are meant to be.

P.S- As a graduate of Finance from the University Of Lagos, I would say you are building a background in news trading..as in, economic analysis and forecasts would be right up your alley..if you are real jiggy with your major.




[08:13:41 01/12/08] agba : Hi Stal

[08:14:34 01/12/08] agba : Is the sell stop at 1.5300 still valid, it has been stopped out

once today?

[10:37:35 01/12/08] Stalion : helloo everyone

[10:37:57 01/12/08] Stalion : yes, agba....it is...if stopped out, you reenter..

[10:38:05 01/12/08] Maximus : Heu Stalion...

[10:39:41 01/12/08] Stalion : 1st and 2nd target already hit for 125 pips..going for 3rd

target



[10:39:56 01/12/08] Stalion : helloo there, max..

[10:40:03 01/12/08] Stalion : howz ur trading going?

[10:40:39 01/12/08] Maximus : very good i am out at 1.5175, thx...

[10:41:36 01/12/08] agba : DId not reentered waited fr ur response


[10:43:49 01/12/08] Stalion : Here, we tend to nurture traders to become independent after

time..once you get the thick of it, you tend to trade better yourself...in this case, am

sorry you didnt reenter..

[10:43:58 01/12/08] agba : Can I enter now?

[10:44:41 01/12/08] Stalion : not sure...it depends on the risk to reward ratio

[10:45:18 01/12/08] Stalion : our 3rd target is 1.5090..

[10:46:08 01/12/08] Stalion : u can still enter now, with a 50 pip sl..agba...

[10:46:10 01/12/08] agba : I will wait till us session

[10:47:29 01/12/08] agba : ok thanks

[10:47:43 01/12/08] Stalion : though the reward would be approximately the same, at current

market price

[10:48:12 01/12/08] Stalion : but the risk would be double since you got stopped out earlier

[10:48:44 01/12/08] agba : I entered @1.5128

[10:50:21 01/12/08] Stalion : no probs...time will tell..

[10:52:04 01/12/08] Stalion: remember, put a 15 or 20 pip trailing stop on price when you

are +20 pips ahead

[10:52:21 01/12/08] agba : ok

[11:15:57 01/12/08] agba : Thks Stal. Got 38pips

[11:41:17 01/12/08] Stalion : lol!



[11:42:24 01/12/08] Stalion : price on cable have gone way beyond our 3rd target of

1.5090...for more than 210 pips,$210 minilot,$2100 standard lot

[12:08:50 01/12/08] Stalion : even after subtracting the 50 pip stop loss earlier in the

morning, we are still ahead

[13:33:36 01/12/08] djcarlos : I missed that exelent trade .... Sad

[13:34:07 01/12/08] Stalion : why? it has been out in the open for more than 24 hrs

[13:34:23 01/12/08] djcarlos : I stal.... this falll is going to have retracement???

[18:30:17 01/12/08] djcarlos : Hi, im looking CNN and US it was declared recently in

recetion

[18:30:45 01/12/08] Stalion : recession?

[18:31:37 01/12/08] djcarlos : sorry... yes recession in US... CNN said that is officialy

[18:35:07 01/12/08] djcarlos : about 20 minutes was declarated ... but they sais that the

recesssion start in december 2007

[19:10:07 01/12/08] Stalion : from a sell entry of 1.5300 to a low of 1.4805

[19:10:15 01/12/08] Stalion : almost 500 pips

[19:13:12 01/12/08] djcarlos : yes.... and I missed it.... I want to die .... I looked the

chat at 5:00 am... and the fall start at 6:00 am...

[19:15:52 01/12/08] djcarlos : but now i hope a good retracement



Stocks fall sharply on consumer spending worries - Yahoo! News

Posté par fasi26

now wht wuld be the rebound of GBP/USD..............( i m holding the

position sell 153.5 to going on.

If there's going to be a rebound or retracement, fasi, I think its better we put a buy stop

on cable @ 1.4900, 1st target @ 1.4935..2nd target @ 1.4985..3rd target @ 1.5135...with a

stop loss @ 1.4805...Please check your risk to reward ratio before taking any trades.

[forexgreenland]

Posté par MB219TR

Dear Madam and Dear Sir,
I would to ask you a question,According to the exchange rates:
what would be the exchange rate £/$ short - term (1month) = ?
what would be the exchange rate £/$ midle - term (6month) = ?
what would be the exchange rate £/$ long - term (12month) = ?
and
what would be the exchange rate £/€ short - term (1month) = ?
what would be the exchange rate £/€ midle - term (6month) = ?
what would be the exchange rate £/€ long - term (12month) = ?
what is your advice might be.
Yours Sincerly,
MAHIR -

Dear Mahir,
What are the possibilities of a zero interest rates regime on the global financial terrain

in the 1st month,6th month and a year from now?

What are the possibilities of Crude oil, Gold, NYSE,NASDAQ,FTSE and other commodities in

rallying or declining in value for the 1st month, semi anually and anually?

What are the possibilities of war erupting in another economically vital hotspot/region in a

month, 6 month and a year from now.

What are the possibilities of an economical new world order, arising from the financial

Armageddon, in part, being sponsored by some media, in the short term, medium term and long

term?

Think, Man..

Your question was based on ''would be''... mine was on ''possibilities''...You need to think

of what the market might be in terms of possibilities, not in terms of ''will''.

Life is a paradox, just like the Universe, or the markets,from what Schrodinger deduced in

his atomic theories in the field of Chemistry.

No one knows the exact time when a particular event would take place,ALL the time..That is

the trading paradox..Else trading would have guarantees and the word ''speculation'' might

not exist in its glossary...

Posté par fasi26

If there's going to be a rebound or retracement, fasi, I think its

better we put a buy stop

on cable @ 1.4900, 1st target @ 1.4935..2nd target @ 1.4985..3rd target @ 1.5135...with a

stop loss @ 1.4805...Please check your risk to reward ratio before taking any

trades.

thnx buddy i got the 1st target and the all credit goes to you. can we hav a chat on some

other source????????[/quote]




No probs...just check my contact info, mon ami...



Greeetings, Ladies and Gentlemen,
Due to some minor connectivity glitches for some days now,my contributions to this thread

was delayed..but I thank God for everything...

For the short term, a la mahir,we could put a sell stop gbpusd @ 1.4618..1st target @ 1.4595..2nd target

@ 1.4560..3rd target @ 1.4525..

For the medium term, we put a sell stop on GBPUSD @ 1.4465..1st target @ 1.4425..2nd target

@ 1.4385...3rd target @ 1.4305...5o pip sl away...Remember to take half profits when +20

pips away,while shifting sl to entry.



"If you want to know your past, look into your present conditions. If you want to know your

future, look into your present actions." ...Chinese Proverb

[forexgreenland]

Posté par jeffsmith

Friends todays inventories provided by AVAFX are showing the market

is volital.

yea, jeff, market have been pretty much volatile since the last half of this year..Nice

observation, though..

Quote from increasenow:

TO: ForexGreenLand

Great thread!


Questions for you:

1-looks like you are consumed with the GBP/USD...why only this currency?...do you trade

others?

2-do you only trade micro lots or standard size lots ever?I seen you neveer trade even 1

lot...

3-you made $3,000K since you opened the account...do you have a job or other investments you

live off?

4-where do you live and what hours do you trade Forex?

Great trading to you!!

Helloo there, increasenow,
from the tone of your comment, you seem to be hiding some heavy sarcascm beneath velvet

gloves, or shall we say , ''cat's paw''? maybe its just a reflection of your inner mental

processes at work...well, I'm in a good mood so I'll humour you for now and give you some

answers..

1- consumed with GBPUSD? What do you think this is, alcoholic consumption frenzy? Trading is a

wide field like medicine,law,or any other profession out there...it pays to specialize in

one or two currencies well and be profitable, than to be jack of all trades and master of

loss..ever heard of comparative advantage? Warren Buffet said something along the line of

diversification are for those that dont really know what they are doing...put your eggs in

few baskets as possible , and watch them like a hawk...so in order words, I trade all

currencies and I specialize on the cable, just like I said on my begining post here.


2 - I manage forex accounts ranging from tens of thousands minimum, to millions of

dollars..That sample detailed report you saw was based on how much return of investment(ROI)

gained monthly from a minimum of 10k. Due to my style of trading, risk and money management

is of top priority in the first objective of preservation of capital.
The second objective of making profits comes next.I want you to understand that in trading,

garbage in, garbage out...right thinking, right product..

Never risk more than 2% to 3% of your capital in any trade...For a 10k account, dont risk

more than 200 dollars..for a 100k account, dont risk more than 2000 dollars, for a $1m

account, dont risk more than 20k in a trade..
So in the context of this sample, why should a professional trader use 1 standard lot on a

10k account, if risk mgt suggest $200(2%) risk on a single trade for that equity ? You have

the potential of losing $2,000 on a trade, which is 20% of the 10k equity, instead of just

$200 or 2%..That 20% keeps you in the game for just 5 times, while the 2% keeps you in the

game for 50 times...Devrim, a forex trader lost 90% of his million dollar account because he

wasnt using stops...learn from the mistakes of others..maybe you should go back and read

this..


http://www.babypips.com/school/drawd..._drawdown.html

The higher your equity, the better capitalized you are...Dont be fooled by adverts telling

you to trade forex for $10 or $100 or claiming you can make gazillions out of a palty amount

...doesnt work that way...from your name,increasenow,dont be greedy,

3- 3k from a 10k account in 3 months amounting to an average of 10 % monthly, is not too bad

in my opinion, considering the last 3 months have been the most volatile and uncertainity

filled period in the markets, with the global economic crises,recession troubles and bad

news transmitted everywhere.. ..
Traditionally, months from October through December, have always been very hectic for

traders...most rarely trade during the period as banks, hedge funds square off positions to

the detriment of the undercapitalized and inexperienced traders.
For the 3 month to a year period, bonds have been below 2%, Treasuries Bills rates have been

slashed to pieces and stock index have been on negative for the last 9 months now..so why

make jest of a 30% return in 3 months, if you are not a court jester?

http://finance.yahoo.com/bonds/composite_bond_rates

http://www.bankrate.com/brm/ratewatch/treasury.asp

For the record, that 10k account is just a SAMPLE of the other currency based accounts that

is being managed, amongst other investments.

4- Where do I live? Though trading is a lonely business, No stalking , please...

Posté par SirLancelot

Hi Stallion,thanks for the report,am considered taking up your managed account service,if

those profit trades are sustainable in the longterm.i understand the risks of trading so am

not looking for wild returns or whatnot, just something consistent i need.thanks once again

maestro

no probs, lancelot...



[09:09:41 08/12/08] Stalion : helloo there everyone

[09:24:35 08/12/08] klho83 : hi Stal

[09:51:36 08/12/08] fasi26 : hi alz

[10:10:02 08/12/08] Stalion : hi fasi

[10:11:18 08/12/08] Stalion : our sunday trade didnt work out as planned, so we put a buy

stop on gbpusd @ 1.5045..1st target @ 1.5105..2nd target @ 1.5165...3rd target @ 1.5225...50

pip sl

[10:15:25 08/12/08] klho83 : OK Thanks!

[10:24:08 08/12/08] fasi26 : hi allz

[10:29:01 08/12/08] fasi26 : shuld v go for EUR/USD sell stop

[10:36:48 08/12/08] fasi26 : helloooooooooooo

[10:42:08 08/12/08] fasi26 : Stalion?????????

[10:46:05 08/12/08] Stalion : hi

[10:47:34 08/12/08] fasi26 : hi sir how ru

[10:48:28 08/12/08] Stalion : am okay

[10:48:31 08/12/08] Stalion : and you?

[10:48:40 08/12/08] fasi26 : same here thnx

[10:49:22 08/12/08] Stalion : we also put a sell stop on gbpusd , as a hedge, @

1.4945....1st target @ 1.4900,2nd target@ 1.4855,3rd target @ 1.4815....50 pip sl away


[10:49:27 08/12/08] fasi26 : eur/usd ?

[10:51:40 08/12/08] fasi26 : hmmmm i entered

[10:51:53 08/12/08] fasi26 : but i m luking for eur.usd any tip

[10:53:05 08/12/08] Stalion : for eurodollar, a sell stop @ 1.2869...1st target @

1.2847...2nd target@ 1.2825....50 pip sl away

[10:53:13 08/12/08] Stalion : hi avak

[10:53:26 08/12/08] fasi26 : hmmm k

[10:54:58 08/12/08] fasi26 : i got 1.4900 ... 1st trgt @ 1.4850

[10:58:50 08/12/08] fasi26 : ?

[10:59:58 08/12/08] fasi26 : did u see eur.usd forum

[11:00:24 08/12/08] Stalion : nope...where?

[11:00:37 08/12/08] fasi26 : dailyfx forum

[11:01:25 08/12/08] Stalion : whats happening there?

[11:08:29 08/12/08] Stalion : hellloooo, fasi....?please wake up....2nd target hit




[11:16:50 08/12/08] Stalion : not yet.....

[11:26:32 08/12/08] Stalion : remember to take half profits after +20 pips ahead...

[11:26:39 08/12/08] Stalion : then shift sl to entry

[11:37:52 08/12/08] Avak1988 : hello Stalion

[11:38:27 08/12/08] Avak1988 : I just try to understand what is going on and how do you work

here

sell stop on gbpusd @ 14745...1st target @ 14705..2nd target @ 14665...3rd target@

14625...also as a hedge, we put a buy stop @ 14825...1st target @ 14865...2nd target @

14900...50 pip sl on both..
Please remember to take half profits after you are +20 pips while shifting stop loss to

entry. And 15 to 25 pip trailing stop should be used after 2 nd have hit..

[forexgreenland]

Posté par fasi26

(Please remember to take half profits after you are +20 pips while shifting stop loss to

entry. And 15 to 25 pip trailing stop should be used after 2 nd have hit..)

i dont understand ur words????/////

Helloo fasi, lets illustrate ,shall we?
For example, we have a buy stop @ 1.5000, where stop loss was 50 pips away, @ 1.4950...so our buy stop was triggered and price gets to 1.5020 or more..THAT is when you adjust your stop loss level from 1.4950, up to the buy entry level of 1.5000..then taking half profits means closing half your position(s)..if you entered with 1 minilot, you close at 0.5....if 2 minilots, you close at 1 minilot...sequentially...failure to apply this simple risk management technique while trading, is the cause of so many unnecessary losses..
Hope you now understand..

Posté par realjimmy

Hi Stalion, You've always done nice jobs, and i've always missed your live comment and signal.

I am in Australia, not sure what normal time you would give comment or tell people how to trade.

I think you are fantastic and really want to follow what you have got. Every time when I got up here, you have already disconnected.

Please let me know.. i need your help..>_<.

Hi Jimmy...thanks for your mail....howz the famous Down Under?....The Land Of The Antipodes...hope you guys are treating the aboringes well over there..cool..well,am really humbled by your comments, mon ami...London Session is mostly where I'm at...3am EST...

[11:29:04 10/12/08] Stalion : hi fasi

[11:35:42 10/12/08] klho83 : Hi Stal

[11:49:03 10/12/08] fasi26 : stalion????

[11:49:08 10/12/08] Stalion : how was trading yesterday?

[11:51:15 10/12/08] fasi26 : i didnt trade

[11:52:11 10/12/08] Stalion : cool

[11:54:09 10/12/08] fasi26 : bcoz it's hlidays here so i m enjoying 2 days of eid

[11:54:56 10/12/08] Stalion : yesterday price got down to our 1st target on our sell stop, before going back up

[11:56:04 10/12/08] Stalion : but if your buy stop had triggered, you would have been stopped out....and a reentry today would get you to 1st target @ 1.4865 on our buy stop entry

[11:56:16 10/12/08] Stalion: Happy Sallah, fasi


[12:01:30 10/12/08] fasi26 : wht was the impact of obama's speech

[12:04:19 10/12/08] Stalion: didnt know he had a speech....what was it all about, fasi?

[12:05:16 10/12/08] fasi26 : it's about new economic plan of america

[12:05:24 10/12/08] Stalion : hi K

[12:05:36 10/12/08] fasi26 : and he still wana spend more money for the infrastructure of america

[12:09:38 10/12/08] Stalion : YEA...LIKE fdr DURING THE gREAT dEPRESSION OF THE 1930'S

[12:11:09 10/12/08] fasi26 : yes he said that more money can be spend as campared to 1950;s

[12:11:31 10/12/08] fasi26 : and economy will go down more before taking high

[12:11:55 10/12/08] Stalion : President Frank Delano Roosevelt did massive reconstruction to overcome the US Depression

[12:17:58 10/12/08] Stalion : by pumping more money into the system through effective Reconstruction, he emplys more workers...this is like the faceoff BETWEEN EMPLOYMENT AND INFLATION...FINE, TOO MUCH DOLLARS MIGHT BRING INFLATION, BUT LOW UNEMPLOYMENT RATES ENCOURAGES GOOD CONSUMER SENTIMENT, WHICH BRINGS IN HIGHER DEMAND AND PRODUCTIVITY , WHICH TRANSLATES TO

[12:19:34 10/12/08] Stalion : BEATING THE GLOBAL SLUMP...CREDIT, THOUGH LOOKING TO BE MORE REGULATED, WOULD BE MORE ABUNDANT FOR EXPANSION...

[12:46:51 10/12/08] fasi26 : hmmmmm ur right

[13:17:37 10/12/08] Stalion : hi dj

[13:19:44 10/12/08] Stalion : did you get our buy stop?

[13:23:45 10/12/08] djcarlos : yes.. thanks... but I was in the car... and now the 2 targets are hits

[13:24:25 10/12/08] djcarlos : in other trade ....

[13:26:22 10/12/08] Stalion: yep...correct...

[13:27:12 10/12/08] Stalion: hope you are going to be around when we have winning trades, dj....for that offsetts any losses we might have

[13:29:26 10/12/08] djcarlos : yes... I always have my laptop with wi-fi.... but now i dont got it with me

[21:54:53 14/12/08] Stalion : So for today Sunday the 14th, we put a sell stop on GBPUSD @ 1.4946...1st target @ 1.4923..2nd target @ 1.4905..3rd target @ 1.4884...

[22:01:53 14/12/08] Stalion : also as a hedge, we put a buy stop on GBPUSD @ 1.5005..1st target @ 1.5035...2nd target @ 1.5065...3rd target @ 1.5095..both with 50 pip stop loss away





1.5034(A)-1.4815(B)=0.0219
0.6*0.0219=0.01314
0.01314+1.4815=1.4946(60% SELL WINDOW OR SELL ENTRY)


1.4988(C) - 1.4815(B) = 0.01730
0.6*0.01730= 0.01038
1.4988-0.01038= 1.4884(3RD TARGET/60% BUY WINDOW)


GIVE THE PRICE SOME ROOM..LEAVE THE PRICE ALONE; LET THE PRICE ROAM AND TWILL FIND ITS WAY HOME..

[forexgreenland]

[21:54:53 14/12/08] Stalion : So for today Sunday the 14th, we put a sell stop on GBPUSD @

1.4946...1st target @ 1.4923..2nd target @ 1.4905..3rd target @ 1.4884...

[22:01:53 14/12/08] Stalion : also as a hedge, we put a buy stop on GBPUSD @ 1.5005..1st

target @ 1.5035...2nd target @ 1.5065...3rd target @ 1.5095..both with 50 pip stop loss away

[08:39:33 15/12/08] fasi26 : thnx stalion but got it late

[08:41:47 15/12/08] Stalion : no probs, mon ami

[08:42:08 15/12/08] Stalion : helloo everyone

[08:43:18 15/12/08] fasi26 : oh gud to c u how ru

[08:43:50 15/12/08] Stalion : price hit our buy stop @1.5005 this morning, and went straight

to our 2nd target of 1.5065...thats 60 pips in less than 4 hours



[08:45:20 15/12/08] fasi26 : actually when u snt me msg timehere is 2 am n i was sleeping

[08:45:50 15/12/08] fasi26 : wht abt Eur Usd ???

[08:46:08 15/12/08] Stalion : no probs....more opprtunities to come

[08:46:38 15/12/08] fasi26 : yeah

[08:46:52 15/12/08] fasi26 : u cant get all opportunities

[08:47:27 15/12/08] fasi26 : all the time in from of market screen no way yaar

[08:50:23 15/12/08] realjimmy : So happy to c u guys here..

[08:50:33 15/12/08] Stalion : lol....80% of the time, price is on consolidation range....we

get more opportunities on the 20% breakout in price

[08:50:54 15/12/08] Stalion : helloo there, jimmy...

[08:51:13 15/12/08] realjimmy : hello Stalion....

[08:51:23 15/12/08] Stalion : howz everything going?

[08:51:49 15/12/08] realjimmy : nightmare.....

[08:52:28 15/12/08] Stalion : nightmare? I dont understand

[08:53:12 15/12/08] fasi26 : jimmy wht is ur nightmare wuld u share wid us

[08:53:20 15/12/08] realjimmy : market always goes against me....

[08:53:33 15/12/08] Stalion : for eurodollar, we put a sell stop @ 1.3451...1st target @

1.3425..2nd target@ 1.3405...3rd target@ 1.3405..

[08:53:51 15/12/08] fasi26 : no jimmy market never goes against anyone

[08:54:04 15/12/08] fasi26 : person against it

[08:54:27 15/12/08] fasi26 : this is for now Stalion

[08:54:53 15/12/08] realjimmy : i know...that's why i am still in my nightmare...

[08:56:15 15/12/08] realjimmy : hi Stalion, what's about Stop Loss??

[08:59:16 15/12/08] realjimmy : oh my god.. it's unbelievable....going down immediately..

[09:00:49 15/12/08] Stalion : 50 pip sl as usual...for now



[09:01:23 15/12/08] Stalion : dats trading for you, jimmy....very fast nowadays....

[09:02:17 15/12/08] realjimmy : thanks so much...Stalion..

[09:02:25 15/12/08] realjimmy : you are my hero....

[09:02:42 15/12/08] realjimmy : i think i have found the 'light'

[09:02:52 15/12/08] Stalion : hey, jimmy....easy there....God is our hero

[09:03:08 15/12/08] Stalion : To Him We Give All Glory

[09:03:25 15/12/08] realjimmy : Very Happy

[09:03:53 15/12/08] fasi26 : right Stalion

[09:04:16 15/12/08] Stalion : yes.....mon ami...I dont claim to have the so called ''Holy

Grail''....just understanding market bahaviour, dats all..

[09:04:23 15/12/08] fasi26 : jimmy when 1 dooor is closed 2 more doors opens on other side

[09:05:52 15/12/08] Stalion : dat doesnt mean there r no losing trades...dats where risk mgt

comes in...please remember to take half profits when +20 pips ahead and shift sl to entry

[09:07:10 15/12/08] fasi26 : i gottcha Stalion Razz dnt wry

[09:07:31 15/12/08] fxjedi : hi all

[09:07:46 15/12/08] fasi26 : hi fxjedi

[09:09:05 15/12/08] fxjedi : thanks for the sms yesterday night , Stal, I made 60 pips from

it

[09:10:03 15/12/08] Stalion : cool

[09:10:28 15/12/08] Stalion : hope I didnt disturb your sleep?

[09:11:10 15/12/08] fxjedi : what? when dollars are concerned? hell no!

[09:11:16 15/12/08] fxjedi : lol

[09:23:22 15/12/08] fxjedi : 1st target hit on EURUSD

[09:24:48 15/12/08] Stalion : cool

[09:24:51 15/12/08] fasi26 : yea cut 1 lot took half profit

[09:25:03 15/12/08] Stalion : hope fasi took his trade

[09:25:26 15/12/08] fasi26 : i took mona mi

[09:25:53 15/12/08] Stalion : great

[09:27:31 15/12/08] Stalion : GBPUSD looks like its in a range

[09:43:57 15/12/08] fasi26 : stalion u said that if market +20 pps cut it half profit n

amend the sl to sl entry.... but wht abt the other half lot where to hold it how long to

hold it

[09:44:27 15/12/08] Stalion : dont know when, fasi...

[09:45:24 15/12/08] Stalion : the other half lot is held for the 2nd and/or 3rd

target....you still shave off half of that half lot when at 2nd or 3rd target

[09:28:37 16/12/08] Stalion : howz it going, fasi?

[09:33:36 16/12/08] fasi26 : hi

[09:33:41 16/12/08] fasi26 : it's great

[09:34:55 16/12/08] Stalion : yesterday price on the gbpusd went for both our sell and buy

stops, yielding more than 150 pips in the process...eurodollar went down to 1st target b4

shooting up..

[09:35:35 16/12/08] fasi26 : oh nice

[09:41:03 16/12/08] Stalion : for today, we put a sell stop on gbpusd @ 1.5245...1st target

@ 1.5205...2nd target@ 1.5165...3rd target @ 1.5125...50 pip sl



[09:41:15 16/12/08] fxjedi : thanks,Stal

[09:54:45 16/12/08] fasi26 : gbp/usd is close to 1st target

[09:57:04 16/12/08] fasi26 : i cut the half +20pips holding half position

[09:58:05 16/12/08] fasi26 : yeah yeah yh yeah yeh

[10:12:25 16/12/08] fxjedi : do i reenter now,stal, am stopped out on profit

Posté par AiRiCk

Very cool stuff ! Thanks for it :)

cool...airick, price on the cable and other currencies, including stocks moved more than 300

pips on the US Fed rate cut of 0.25 basis points.Here's the chart putting the posterior into

posterity,another unsolved mystery going down in history



http://news.yahoo.com/s/ap/20081216/...re/wall_street

[forexgreenland]

Helloo folks, price on the GBPUSD gave us some clues, technical analysis wise,on its 300 pip

move by the 1-2-3 bottom, which foretold a bullish move..coupled with the fundamental news

that the US was cutting interest rates..and voila...yumm yumm...

Posté par theroguetrader

" Dont step in front of a moving train " ...:idea:

http://www.trade2win.com/boards/atta...4&d=1229468777
Nice one, roguetrader....but please can you give more explanation on your chart?

So for today, wednesday, we put a Sell stop on gbpusd @ 15575...1st target @ 15545...2nd

target @ 15505...3rd target @ 15430...50 pip sl.....remember to take half profits when +20

pips ahead, then shift sl to entry level..

[forexgreenland]

Helloo Fellow Traders,
Hope you all had a wonderfull weekend...

For some time, I've been on meditative break in order to step back from the picture and look

ahead...What I saw wasnt certain...

http://www.telegraph.co.uk/news/worl...rack-Obama-too tired-to-give-proper-welcome-to-Gordon-Brown.html

http://www.telegraph.co.uk/news/news...n-rapport.html

http://www.telegraph.co.uk/news/news...ashington.html


http://www.telegraph.co.uk/news/worl...h-America.html

http://www.telegraph.co.uk/news/news...recession.html

How will these events affect the GBPUSD and its continous downward price movement? hOW DOES

THAT AFFECT THE GLOBAL RECESSIONARY ECONOMIES? Only time will tell...

We need to understand that going into political history would only dig us into deeper

hole..subtle fencing matches doesnt do humanity any good, especially most in the Balkans,

Isreal, Palestinians, China,Japan, Iran,Iraq,Germany, France,Russia,Sudan,

Somalia,Zimbabwe,and so on..Great statesmen put the interest of humanity in the forefront...To whose

gain if we blow up the world in this generation in spite of love and peace?
When money, as an exchange of value, is allowed to be economic leakages via negative

destructive means, it brings about destructive results...but when it is harnessed for

constructive means and purposes, it brings constructive and positive results.
The global recession can be overcome by improving and improvisation via constructive

means..That might reduce the distortion and inversion of the human race...

Quote from Reaver:

Greenland-

If bull**** was a bra, you'd be top heavy. S******* piece of s***.

Nice of you to drop in,Reefer..I mean,Beaver..didnt know tradeviper was calling his

bullyboys over to this thread..maybe you could do us a good turn by trying to write just one

verse without a curse..your comment makes an xrated movie sound like a sunday school picnic

Avishek Roy (Harry Ainlay Senior High) wrote:
hi im a new trader, and i read ur stuff...great job! i was wondering if i could get in on

this chat that you guys do...and what time do u trade? i was told the london open was a good

time to start

Thanks for your mail,Avishek..nice to hear you guys are enjoying my thread on

Facebook..London Session is usually the time we trade daily..The chat is subscription based

where active and serious traders earn and learn at the same time..



how do i get ur chart pattern

Posté par kento

I saw ur posts so i am interested in the chart how do i get it. Secondly

i am new to forex but God in his infinite mercy directed me here and i know this may be the

miracle i need.

Hi Kento,we give All glory to God Almighty for everything as we are just His instruments.
But I'm not sure I understand what you meant by getting 'chart pattern', since these charts

posted are based on daily trades during market sessions. If you meant how you can get the

system, it is not a mechanical system where you send to an email box or something..It is

more of a simple discretionary system that is thoroughly explained from mentor to

student(s)..Seasoned traders, the liberal ones at that, might just go through charts and

'get it'..but the risk is that the edge tend to get faded out in time, if too much details

are written out on public forums.So there must be a balance..
You also have to understand that the miracle you need is inside of YOU..You have to be AWARE

that the FORCE is in you..not outside of you..My mission is not just about forex training,

forex signals and forex managed account services..but it is more of helping others discover

and being AWARE of our inherent possibilities. I'm aware of myself here and trying to let

others know that they can still do better than me if they have the proper mindset and

dedication to getting to the next level in trading or whatever they set their minds to. Rome

wasnt built in a day..

Quote from oraclewizard77:

forexgreenland,

Do you actually watch the trade all the time until you are out?

Do you put in hard stops and targets? I would think if the broker sees the stop especially

on large account size, they will just spike the market down to take out your stop.

Hi oraclewizard, it is nice to see that Elite trader have at least one positive comment on

this thread..from your question, it seems you are averse to watching trades until you are

out..It all depends on your style of trading and the times we are in..For intraday and

momentum trading, it pays to watch your trades due to incoming high impact news that might

affect market dynamics..
You can still put in your stops and targets, go play golf, and be back to see your equity

increase by some good percentage.But you have to get to a particular SKILL LEVEL in order to

achieve that.Markets tend to be on a range/accumulation phase 80% of the time, while

breakouts are usually seen 20% of the time. This type of market tends to keep newbies out

because they come looking for short term quick buck. By the time the rookie traders come to

the market, the move has probably expired.This type of market is for the PATIENT trader that

knows what is going on and can wait out long periods of boredom like a panther measuring its

prey.
Do you think top traders like George Soros, Paul Rotter,etc, get bothered about the time it

takes to haul in substantial profits from the markets? It all comes at a price, in which,

80% of traders are not ready and willing to pay, and thats a major reason they fail.''aww,

cant wake up in the early morning for good trades'',..''need set and forget system while am

in tahiti sipping margaritas and pina coladas'',my blood pressure's too high to be running

around like a chicken without a head'', ''..etc..
Swing trading and position trading is more better for those traders that cant find the

patience to watch their trades for profitable returns.



Depending on your account size, stops are normally fixed at major support and resistance

areas..some traders use the Average True Range(ATR) to determine their stops, which is also

part of good risk management.
There are honest brokers and there are dishonest brokers..the dishonest bucketshops are the

ones giving the trading industry a bad name in which they aggressively advertise to the

public..Its not limited to forex alone though...we got bad eggs in the stock markets too,

where Nightmare On Wall Street is having its sequel..online..real estate..toxic bonds in the

Phantom of Solace,..even the few bad eggs in Nigeria,419, tend to spoil the good names of

majority of the hardworking populace who are trying to make a honest living..


[url=http://finance.yahoo.com/news/Job-losses-stack-up-as-apf-14011483.html[/url]


So its a worldwide phenomenon..until the bucketshops, Wall Street, fake HYIPs,fraudsters

come to realize that their negative actions tend to affect ALL humanity in one way or the

other, we would still be having all sorts of minor and major recessions..Their get quick

rich materialistic tendencies, at all costs, would also get back to them in the long run

since we are all one..

[url=http://www.thestreet.com/_yahoo/newsanalysis/banking/10456887.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA[/URL]

P.S..You might consider ECNs....they are likely to be more honest and rarely consider

spiking the markets to their 'best interests' since they make their money mainly from

spreads/commissions.

[forexgreenland]

‘’Metaphorically, this present global economic recession is like a World Economic War in humanitarian proportions! And it supposed to last for three and half years. YES, 31/2 YEARS, If individuals and nations apply these principles of Arise and Shine!
The season of recovery begins today as each implement these eternal principles that never fails.
Prophetically, this global economic crisis is also God’s way of saying that world leaders, including President Obama, should take the right direction and eschew pride and greed in charting policies that affect the common man. Greece, Italy, Spain were Old Empires in history. Alexander the Great, Julius Caesar and Ferdinand II founded these Empires, that are presently in the front burner of the global economic recession’’.
Arise and Shine Above the Recession with God the Sun [Kindle Edition] by Aghogho Puegeren
www.amazon.co.uk/dp/B006E2LYTE