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LinkBack (1) | Outils de la discussion | Modes d'affichage |
14/11/2008, 09h37
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EUR/USD : Technical analysis 14th November 2008
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16/11/2008, 22h26
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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  |
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17/11/2008, 23h27
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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.. Citation:
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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..  Citation:
 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.. Citation:
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'' |
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20/11/2008, 17h17
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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 |
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21/11/2008, 10h32
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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.. Citation:
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! Citation:
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.. Citation:
[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 |
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22/11/2008, 23h05
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Trust onwuka to ask some of those deep questions... We use what traders popularly call the TOP DOWN APPROACH..starting from the higher timeframes(monthly, weekly, daily and four hourly), to the lower timeframes(hourly, 15min,and 5 minutes..)..As we are mainly on intraday trading,we use lower timeframes to pinpoint entries and exits...higher timeframes are mainly used by position and swing traders..also good for knowing the overall trend.. 2..The spacing of the 1-2-3 pattern is quite irrelevant due to the fact that market dynamics change as time progresses..trading is a function of time and space..HOW long can price travel in a session(s)..What you are looking for is the OVERALL pattern, not the difference in sums between the parts of the whole.. 3..A bullish hammer is oulined like a hammer...where the shadow or tail is twice the length of the real body of the candlestick..whether dark or white..it means price is pausing in order to reverse or continue its walk.. And yes, a doji can also foretell a preceeding fall losing steam.. Citation:
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'The Reaction Swing is the centre of the cycle, where you can look back and then based on this information, determine where the cycle will go in the future.Since the Reaction Swing is where the Action ends and the Reaction begins, it marks the centre of a repititive cycle in which the past can project the future.. In the monthly chart below, the price movement between B and C is the Reaction Swing. A Reaction Swing begins and ends with the lowest and highest closing prices..All you need to know are the dates of the highest closing price and the lowest closing price of the Reaction Swing in order to move on to the next step- PROJECTING FUTURE TURNING POINTS IN THE MARKETS CALLED REVERSAL DATES, WHERE PRICE AND TIME CONVERGE.  Subtract the low of 1.7047(C), from the high of 1.9554(B) to get a difference of 0.2507 Divide 0.2507 by 2 (half) to get a total of 0.1254 Subtract 0.1254 from the high of 1.9554 and you get a price of 1.8304 ass the centre of the Reaction Swing. Place a sell stop at 1.8304.When the market passes through this price, the sell stop is triggered and you are short GBPUSD at 1.8304.That should be around august this year.. The next step is to determine the maximum possible timespan of the trade..According to TIME PROJECTION strategies, the Reversal date(high probability turning point of its trend) is scheduled as from 4 to 8 months from now..Those on March futures could take mental note. Whichever comes first...1.3090 target for our price projection or 4 to 8 months in our time projection..whichever one comes first Citation:
Not sure,kong.. Citation:
Hi trackstar,It is much of a ''method'', than it is a strategy...The CHART PATTERN RECOGNITION AND PRICE PROJECTION STRATEGY simply tells us where price is going and how far it might get there, to a considerable extent.. technamental wrote: Citation:
You are quite mistaken, my good fellow..maybe there's a slight misunderstanding here...I intract by answering comments and questions addressed in this thread..Just by reading your posts along with others, here, shows inclusion..I'm sorry if it seems self promoting to you, but I believe readers have a lot to gain when going through this thread,whether participating or non participating..very educative and reveals how real life practical trading works..no spouting of theories that brings no profits to members..Why cover the light under a basket in darkness? The purpose and nature of light is to shine! This is like a JOURNEY...A JOURNEY INTO THE HEART OF TRADING...A MOVEMENT...A MOVEMENT INTO THE FRONTIERS OF OPPORTUNITIES! And if along the way, showing that trading can be a winner's game..or something good can come out of my country Nigeria, despite all the media negativity...if considered as self promoting..then so be it...Cant win'em all, can we? [09:57:05 21/11/08] Stalion : hi everyone [09:57:23 21/11/08] Stalion : so for Friday,we put a buy stop on GBPUSD @ 1.4865...1st target @ 1.4900...2nd target @ 1.4950...3rd target @ 1.5050 [10:33:27 21/11/08] Maximus : I received the sms to late for the trade.... [10:43:26 21/11/08] Maximus : masif1 did you had the chance tp enter in the trade... [10:49:06 21/11/08] djcarlos : i enter ... and after to 1st target hit... went out and re-enter... and now in 2nd hit go out.... thanks Stal  [10:49:18 21/11/08] djcarlos : 80 pips in the bag [10:54:00 21/11/08] djcarlos : The sell stop is 1.4970???? [11:12:04 21/11/08] masif1 : hi maximus [11:12:15 21/11/08] masif1 : i did and trailing a the s/l [11:12:25 21/11/08] masif1 : 50pips already in the bag! [11:13:11 21/11/08] djcarlos : do you will enter the sell stop ??? [11:13:30 21/11/08] djcarlos : now is hiting [12:55:08 21/11/08] masif1 : 3rd target hit [12:55:41 21/11/08] masif1 : 185 pips  [12:55:55 21/11/08] masif1 : cheers [13:15:14 21/11/08] Maximus : whatr is the sell stop???? [13:38:07 21/11/08] masif1 : it was buy stop order not a sell [14:04:34 21/11/08] Maximus : what was the sell stop that Stalion send on the sms??? [15:37:20 21/11/08] masif1 : 10:39:43 20/11/08] Stalion : okay....sell stop at 1.4820..1st target at 1.4785.... [15:51:44 21/11/08] djcarlos : the sell Stop of Trapping the Dragon its in 1.4970.. [16:24:45 21/11/08] masif1 : lol [16:24:54 21/11/08] masif1 : your right djcarlos [16:24:57 21/11/08] masif1 : good call [16:25:03 21/11/08] masif1 : shame i missed it [16:47:39 21/11/08] Maximus : the sell stop 1.4820 is still good or not!!!! [17:04:57 21/11/08] djcarlos : I used 1.4970 sell stop... and go out with 170 pips [17:05:16 21/11/08] djcarlos : Very Happy [17:05:23 21/11/08] djcarlos : thanks Stal [17:07:44 21/11/08] djcarlos : the trapping of dragon worked exelent.. [17:29:48 21/11/08] masif1 : what a dragon! [17:29:54 21/11/08] masif1 : well done djcarlos [17:30:39 21/11/08] masif1 : that's a possible 300-400 pips made today! |
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23/11/2008, 23h36
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potential of yielding approximately 135 pps when 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  |
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26/11/2008, 15h36
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[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 Citation:
 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.. |
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30/11/2008, 22h12
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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.. Citation:
Hmmm, Mageroi, you might be quite right there..though they still have their uses..Is Time Projection a core strategy of Buffetology? Citation:
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 Citation:
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 
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01/12/2008, 23h22
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The MONTHOBAMA TECHNIQUE
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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. [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 http://news.yahoo.com/s/ap/20081201/...re/wall_street Citation:
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.
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04/12/2008, 13h42
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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... Citation:
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
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07/12/2008, 19h45
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numbers come from the chart, where we added/subtracted the range of price from its virtual entry point..second, am not really familiar with the 3 ducks system..so cant say for now.. Citation:
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file below.Just click on it ,okay...This was on a starting balance of $10k as at October this year, in which the total net profit is $3k plus..relative drawdown of 8.69% over a 3 month period..that should be approximately 10% per month on the average. Not too bad...action speak louder than words. Citation:
possies in your purses..which price moves, would move down to bearish...the back of the keyboard is the place where you gonna me..forex questions asking...trades passing..profits blasting..but I jus cant quit...because some of these brokers need some dose of ethics, check this..  you can put a sell stop on gbpusd @ 1.4680...1st target @ 1.4655..2nd target @ 1.4635...3rd target @ 1.4540 ..sl 50 pips away... 
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09/12/2008, 12h39
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yea, jeff, market have been pretty much volatile since the last half of this year..Nice observation, though.. Citation:
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, 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... Citation:
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..
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15/12/2008, 00h19
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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.. Citation:
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..
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16/12/2008, 22h43
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[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 Citation:
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
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17/12/2008, 10h25
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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... Citation:
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..
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 Quite right,sam...If you noticed on the chart, you could see the 1-2-3 bottom below and the head and shoulders pattern above...They are both reversal chart patterns,telling us price has a high probability of reversing direction from its prevailing trend..The 50 pip stop loss was at the left shoulder, and before we know it, 200 more pips, after 3rd target, was liberated.. Citation:
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Dreams..makes it hard to figure me..some traders be tickle me..like Fidel Castro..undercover Dannie Brasco..sound like MACDs, the prayer mantis..so get a grip on the whip..playerhaters getaway or my pen would spray..scribble off till I empty..dont tempt me..only to say I thank thee..its all about the benjies.. @ Wise?TX 1- Would you give control of your live account to an EA? Would you board a flight across the Atlantic with just robots to navigate and NO human pilots?  2- Google 'chart pattern recognition and price projection strategy' and see whether it is a system or not, mon ami..THE CHART PATTERN RECOGNITION AND PRICE PROJECTION STRATEGY tells us, to a considerable extent, where price is going and how far it might get there.. If it is not a system, how come you see these charts showing more profits than losses for months now? Is it possible to make consistent profits WITHOUT, not just a strategy but a SOUND STRATEGY? Or did I go and meet brokers and tell them ''hey, buddies, please fix some green dotted entry lines and red dotted stop loss lines for the benefit of our bronco billy cowboy"? 3- I think you need some glasses,Man...or maybe just remove the negativity and focus on this thread with clarity of mind..1-2-3 bottoms,Head and Shoulder patterns, 60% BUY/SELL WINDOWS,REACTION SWING, REVERSAL DATES,TRIANGLES, TREND LINES, MACD DIVERGENCES,ETC, are shown and demonstrated here...Man, you need to stop popping too much Valium pills, wake up and smell the roses. 4- Transcripts of live forex trading conversations are archived on forexgreenland, as a source of practical lessons to students that are ready and willing to learn. Last time I checked, I guess it was a free world. Meaning is relative, according to individual perception and value, my friend. 5- Trading is a business and should be treated as such..Ever read the Parable Of the Talents in the Bible? Please do.. Though this thread is about REVIEWS OF STRATEGIC TIPS,no one is under any obligation to give live forex alerts as PREVIEWS. It is just to demonstrate the effectiveness of the CHART PATTERN RECOGNITION AND PRICE PROJECTION STRATEGY. Astonishingly, I bought John Crane's book some years ago and gained much from it..I didnt go around thinking why he was promoting his business through his website or why should he be offering his commodities services to traders..What I'm concerned with is''VALUE''..and the results are clear to see..Dont be like that man in winter, next to his stove,telling it to give him some heat...The stove said '''Wood''...The man insisted on getting heat first before piling woods.Who's deceiving who? As you breathe in, you also breathe out..thats how life is.. Warren Buffett, one of the smartest and most successful businessmen of our time, was recently asked what he thought was the best investment anyone could make in these so called difficult times. His answer was fast and simple ... "The most important investment you can make is in yourself." That could very well be the best advice Mr. Buffett has ever offered. If ever there was a time to take control of your future, it's now. Like you said,maybe you are really missing something,tx..something spongy and mushy..If your IQ gets below 50, SELL.. just kidding Citation:
charts while trading is on..for me, the thrill and challenge of multitasking helps in my trading environment which brings a fulfilling sense of being. Posting live trades in front of a global audience, where the mainstream perception tends to be ''a trader is as good as his last trade'', is all good..for true traders makes you feel and do good. We should all strive to seek balance in all things we do.  so for friday, we could see a mini 123 bottom formation on GBPUSD15 min chart..so a buy stop @ 1.5090...1st target @ 1.5165..2nd target @ 15244..3rd target @ 15315..sl @ 1.5015
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22/12/2008, 00h07
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Friday'' losses..  Helloo folks, We thank God for bringing us into a brand new week...Most would call it the Christmas Week so I'm wishing all a Merry Christmas and Prosperous New Year ahead. As we approach Monday, we could see 3 crosses on the GBPUSD 15m chart, the first candle upturned. That was a region of indecision that paused price advance to the upside.To be or Not To Be? MACD is giving us positive divergence to price, which is more or less, a green light. We put a buy stop @ 1.4960..1st target @ 1.4999..2nd target @ 1.5049..3rd target @ 1.5125...  Citation:
Helloo fasi, you could check out the userguide on any mt4 platform..Here's an excerpt: ''Stop Loss is intended for reducing of losses where the symbol price moves in an unprofitable direction. If the position becomes profitable, Stop Loss can be manually shifted to a break-even level. To automate this process, Trailing Stop was created. This tool is especially useful when price changes strongly in the same direction or when it is impossible to watch the market continuously for some reason. Trailing Stop is always attached to an open position and works in client terminal, not at the server like Stop Loss, for example. To set the trailing stop, one has to execute the open position context menu command of the same name in the "Terminal" window. Then one has to select the desirable value of distance between the Stop Loss level and the current price in the list opened. Only one trailing stop can be set for each open position. After the above actions have been performed, at incoming of new quotes, the terminal checks whether the open position is profitable. As soon as profit in points becomes equal to or higher than the specified level, command to place the Stop Loss order will be given automatically. The order level is set at the specified distance from the current price. Further, if price changes in the more profitable direction, trailing stop will make the Stop Loss level follow the price automatically, but if profitability of the position falls, the order will not be modified anymore. Thus, the profit of the trade position is fixed automatically. After each automatic Stop Loss order modification, a record will be made in the terminal journal.'' Trailing stop is also used when your 1st target is hit and price is still going your way, up or down..It enables you to take the maximum outreach in price movement before any major retracement/correction. Depending on the daily range and volatility of the currency pair that you are trading, a 15 to 35 pip trailing stop would be in order. EURUSD has a 2 pip spread..GBPUSD has a 3 pip spread and GBPJPY has like 7 to 9 pip spread...cable is like euro on steroids, which is more stable than pound-yen. That is where we look for balance, the median.. Due to popular demand, a la fasi, we put a buy stop on EURUSD @ 13945..1st target @ 14015...2nd target @ 14085...3rd target @ 14155...50 pip sl for both.. Yea, I know, most seasoned traders might say the general trend is down..why buy? well, in trading, you can make money both by going with the trend, and going against the prevailing trend..if you know what you are doing. Top football strikers learn score goals with both feet, even under pressure...so only time will tell if it would measure..to find the buried treasure.. 
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24/12/2008, 00h26
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The Great Depression 2
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Lol,fxlion, at least thats a strategy...but seriously though, we shouldnt depend on just chance or others to make money in trading...The beauty of the CHART PATTERN RECOGNITION AND PRICE PROJECTION STRATEGY is that you dont need to cram your screens with all sorts of indicators because entries and exits are taken DIRECTLY FROM THE CHARTS.  Citation:
less than our 1st target of 14999..by placing your stop loss at entry point after +20 pips ahead, you would have been stopped out at a profitable breakeven of 31 pips or less..Not too bad..  Stallion, I am having a hard time following your past calls. Where exactly can I find them. I have a time difference and I'm trying to make proper adjustements prior to trading. You start calls around 1am my time. Please let me know where on the website I can find an archive. Also, from reading your posts you suggest to take half profit at 20 pips, then move other half to break even s/l, if 1st target hit then sell half and so on. Is this correct and holds true for all your calls? Thank you for the help. I should be up and running on new year, I see big market swings coming our way. Thanks for your mail,pips...I thank God for the positive mental attitude displayed in your comments about the New Year..If we can make profits during the most volatile 3 months in trading (October to December), then there's good reason to expect better things to come in the nearest future. I assume London Session starts 1am your time, depending on where you are in the US. The archives can be found here: http://forexgreenland.foruma.biz/for...review-of-stra tegic-tips-on-forex-signals-in-forex-forum-t381.htm It would be better to take off half profits when +20 pips, rather than waiting for 1st target to hit..Time and tide, along with price,waits for no man.. Robert Kiyosaki, of the Rich Dad Poor Dad series,talked about the stock market burst some ears ago, along with its effects on baby boomers and their Social Security program. Even though he gave out some suggestions on how to avoid that pitfall by personal development and education, most people then castigated him as a fraud who just wants to sell his books and seminars. From what is going on in the global economy and the US, it appears he has been vindicated. http://abcnews.go.com/Business/Perso...6513517&page=1 Late last year, on one of the popular Nigerian forums, I predicted the Nigerian Stock index(NSE) have reached its top and suggested readers should cover their positions and unload their stocks. But as at then, the bulls were in control, stock newsletter and article writers were fueling the bubble frenzy and screaming ''BUY''.. The young admin of the forum, maybe out of ignorance and emotional bias, reacted by banning all forex traders off his site. But that didnt stop the stock market bubble to burst and uneducated investors losing substantial amount on their equity. Those that took the time, money and energy to understand and educate themselves on market behaviour saved themselves from the bearish drop and even made profits from the decline. In essence, as investors,we should strive to invest in ourselves.No one knows it all. Most people made money in the Great Depression of the 1930's..We can too.. Hi Stal, First of all thanks for pointing me to forexpeacearmy as it is a very good source of forex information. I have been going through the broker reviews and feel like it has stopped me from taking a wrong decision. I have managed to shortlist a few which I beleive are honest as per the reviews. Your comments or experiences on any of these would be very helpful, especially if u could point one or two which I can go live with. 1.MB trading 2.Ikon-Royal 3.Tradeviewforex 4.Alpari Uk Any help and insight would be highly appreciated.. Thanks, Helloo there... Well, it would be unseemly if I publicly endorse any of the brokers due to conflict of interests.So am throwing it out in the open...Anyone that has comments or experiences with any of these is free to post it here. Thanks once again. so for wednesday, we put a buy stop pn GBPUSD @ 1.4735...1st target @ 1.4765..sl @ 1.4715... also a sell stop @ 1.4700..1st target @ 1.4671...2nd target @ 1.4665..50 pips sl
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26/12/2008, 00h28
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 Season's Greetings to everyone, If you check out our chart above, you could see price moving dynamically from left to right..we first followed it with our buy stop that yielded 30 pips, and the sell stop that yielded 35 pips.. The present buy stop @ 14705, 1st target @ 14730, 2nd target @ 14745, sl @ 40 pips away, is anticipated to yield 40 pips or so..more like chess. For readers of this thread, I want to say a big thank you for everything... To show my gratitude, I am giving out 2 e-Books titled 1 The Art Of Creativity 2 Fibonacci Trading - How To Master The Time and Price Advantage Merry Christmas and a Prosperous New Year, my friends..and may the New Year 2009 bring hope, joy,health,love,and success to all.
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29/12/2008, 19h15
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thanks for your hospitality..really appreciate it..howz kuala lumpur? The Russians said I should google their language, the Japanese, the Indians,the Italians,Germans,even the Peruvians tried to do me in but no online translation yet..like a frigging UN linguistic convention met..would be grateful if you could teach me a lil Malay, for the ones I know is virtually nonexistent..lol..going down to Singapore next year for some traders' conference but dont know whether the language barrier can get me past the airport...thanks once again, king of diamonds Citation:
Price made a BULLISH GAP on the start of the Asian session, and before we knew it, more than 40 pips was emancipated from our buy entry of 14705..  Even the 60% BUy WINDOW was negated as price on the GBPUSD dropped more than 200 pips afterwards from the TRIANGLE PATTERN shown above. Well, what can I say? Citation:
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30/12/2008, 12h43
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myself..lol..fibonacci are great support and resistance levels that can be used in trading to ascertain price movement..but even with the knowledge of 'fibo'' levels, many traders still make losses..prefer the 60% windows which are more simpler and accurate in my personal opinion..remember KISS? Keep it simple,Smarty..so its about applying the right tools for the right markets...not all size fits all in trading.. If you check out our chart below,we used the TRIANGLE PATTERN, more specifically, the SYMMETRICAL TRIANGLE PATTERN. but why is it called a triangle? Because it looks like one..Triangles usually form part way through a strongly trending move and represents a congestive phase in the marketplace. These patterns are important because they are typically followed by sharp increases or declines in price. An established triangle pattern is a valuable signal prior to a relatively predictable price change.  Yesterday, we made more than 200 pips from our symmetrical triangle which was part of our live practical trading. 1.4770-1.4576=0.0194 1.4651-0.0194=1.4457(target point) Symmetrical triangles,which are lines connecting peaks and troughs tend to converge at the apex which is at the centre of the pattern.When price breaks outside of the pattern, there is a high probability that the price will trend in the direction of the breakout.Once price hit our target for more than 200 pips, it now retraced upwards,. Our buy stop @ 14507 caught the bullish correction for 75 pips..  Price then retraced downward again to our previous short target of 14457, hitting it twice..  Before we knew it, price knocked 3 times and slipped downwards where our sell stop was on hand to take the move...''come to papa''..  So moneyadd, hope you now understand...actually, my clients dont really want to know the process or method in which trading takes place...all they are concerned with is whether we make money at the end of the month,recession or not..thats the primary objective..making money. Citation:
sorry about that, jeff...try and look for a better and more honest broker...Even if you got the best strategy in the world, the choice of brokers is pertinent for the realization of your trading goals. [11:53:40 30/12/08] Stalion : no need to be confused....we put a buy stop on gbpusd @ 14550...1st target @ 14575..2nd target @ 14615..3rd target @ 14655 [11:53:44 30/12/08] Stalion : sl 50 pip away
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31/12/2008, 22h39
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domestic, by central banks in order to influence market conditions or exchange rate movement for fiscal or monetary policy purposes. Why should the Bank of Japan intervene for a strong dollar? Because it is to their best interests. Japan, as we all know, is an export driven economy and if the Japanese yen is stronger than the dollar, it hurt their exports and consequently their economy. Why import 15000 dollar cars from Japan when you can get it cheaper right there in America? Why import expensive electronics, computers,due to a strong yen, when you can get it cheaper from America itself, or even China or India? But wait..Japan is also a savings oriented economy, in which, majority of the US international papers or debt are held by it...So the Japanese are not thrilled to watch the value of their investments in the US bond,Treasuries and Capital markets go down the drain as the US dollar weakens.. The USDJPY monthly chart below shows the decline of the currency pair..  Compared to EURUSD(eurodollar), which is on an uptrend,a strong dollar would have a weakening impact on the euro, popularly known in international financial circles, as the ''antidollar''.. Even Trichet, the President of the EU Central Bank(ECB) might likely welcome the gesture of the Japanese with open arms, because a strong dollar would weaken the euro and save them the unsavoury task of slashing interest rates in the nearest future..You could do more research if it affects your personal finance or business objectives, need info..Did I hear someone say ''Don ichiban''?  Citation:
Let me whisk you away to the forex charts on the DISSECTION OF A TRADE GONE WRONG. Remember the loss was also important though the LESSONS LEARNT from the loss are MORE IMPORTANT. Now we are going into the reasons why we took a buy stop at that point..A 123 bottom formation was observed prior to the alert given out, along with an inverted head and shoulder pattern forming at the bottom...Both are reversal pattern telling us that price is about to reverse from its downtrend to an uptrend. MACD also made a positive convergence to price which was a buy signal..For the our fib fans out there, a la moneyadd, price made a turnaround on the 30% window, instead of the 60% sell window..which is not that unusual given the strong trend downward in price.. So it was more of a matter of TIMING, rather than STRATEGY. We might be right in taking a trade based on what our strategy is telling us, but if the timing is off bat,we take the loss...In this instance, we lost 50 pips yesterday..the market is always right..quite an humbling experience, isnt it?  So for today, wednesday, price finally came around and rocketed past our 3 targets like a valkyrie..technical analysiswise, our strategy was sound but the timing was off...price then compensated us with more than 105 pips..$105 minilot,$1050 standard lot on GBPUSD.  HAPPY NEW YEAR FOLKS and we give thanks to God for seeing us through a bumpy 2008..WELCOME 2009.
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02/01/2009, 16h12
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 Hi radatats, I can see your chart was taken from the GBPUSD daily..The cable have been staring at its bottomless pit like a deer in front of headlights for months now. Like the picture suggests, GBPUSD has to break that upper resistance trendline before a reversal can be said to take place.. And by price closing above the No 2 level of the 123 bottom( where your 2nd purple arrow was), an uptrend can be said to confirmed in the midterm.MACD positive divergence to price can also be seen on your chart which foretells a probable bullish run. But remember, technical analysiswise,the trend is still down and traders are looking to sell at any good upward correction level. I see no changes..''Buy the dips, Sell the rallies''..ratatatata..thats just the way it is.. Citation:
Tsk tsk tsk tsk...ur enjoying my threads and still trying hard to understand it all? Nice paradox, jehunter...believe me, ur not all alone...such is life...lol If one of your New Year resolutions is to invest in yourself positively and creatively, I'll be glad to help in that respect, mon ami..Please pm your email address so I can send it to you,ok..Thanks.. So for today, Friday the 2nd of January 2009, we are looking at GBPUSD 15 minute chart where TA wise, price is supposed to make a turnaround to the downside..while fundamentally, price is supposed to go up due to the lower expectations of the US ISM reports coming out 4pm Nigerian time.. so in less than 10mins from now, news is coming out...To Be Or Not To Be? TA or FUNDAMENTALS? we put a sell stop on GBPUSD @ 14515..1ST TARGET @ 14490..2ND TARGET @ 14465..14415... Also a BUY stop @ 14535..1st target @ 14575..2nd target @ 14515..3rd target @ 14655..50 pip sl
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06/01/2009, 00h52
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shuo.. if i yarn wafi for you,you go ja..abi no be to gazu the kuza naim be the koko..google am whether you go understand wetin me yarn Citation:
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 Tradeviper,your venom is simply out of this world, you know..seems you really took the time to go through my performance report over the last 3 months of turbulent trading. Actually, I didnt even know it was up to 71%, so you must be a good statistician. You can manipulate the figures but you cant manipulate the graph of the detailed report.Check the graph below the figures again and see if they match.Even if alien extra terrestians fly down with their UFO to audit the report, there would still be doubting Thomases..so I'm not bothered. Look at Madoff..Are you trying to tell me that 'internationally known firms' didnt audited his reports over a decade before +$50 billion was ripped off? some say Steven Spielberg, who was one of the 'casualities', might get sued by Madoff for the rights of the pending Hollywood blockbuster film chronicling the scandal. I believe in honesty and ethics in my chosen path..Trading is a vocation where many are called but few are chosen.I've paid my dues and am still paying my dues in this industry,tradeviper..easy on the hiss,plzzz By the way, Who are Mandel and Reaver? Sounds like Beavith n Butthead? [09:30:38 05/01/09] Stalion : helloo fellas [09:31:09 05/01/09] Stalion : no news worthy item for Monday so we stick to our friday's short call [09:34:59 05/01/09] Learning_pips : hi stal [09:38:18 05/01/09] Learning_pips : its quite funny though in carolyn's book there is a mention of a gartley pattern which is a complete opp of the 1-2-3 pattern [09:40:45 05/01/09] Stalion : hmmmm....havent had time to read it myself [09:42:19 05/01/09] Learning_pips : its chapter 8, two step pattern..she identifies the 1-2-3 pattern/gartley pattern as a continuation pattern..quite interesting.. [09:42:46 05/01/09] blue : hi [09:42:55 05/01/09] Stalion : gartley pattern on fibonnacci? [09:43:05 05/01/09] Learning_pips : just goes to show how many ways patterns can be interpreted by different people [09:43:16 05/01/09] Stalion : helloo there blue [09:43:46 05/01/09] Learning_pips : basically fibs have to applied on the pattern to identify a cluster [09:45:03 05/01/09] Learning_pips : "The two-step trade setup is a zigzag pattern that corrects a prior trend" [09:45:09 05/01/09] Stalion : range/consolidation pattern? can u identify it on a chart? [09:45:44 05/01/09] blue : Stalion im new here [09:46:04 05/01/09] Learning_pips : basically the pattern is exactly the same as a 1-2-3 pattern but she says that its a continuation pattern [09:46:10 05/01/09] Stalion : cool....howz trading, blue? [09:46:26 05/01/09] blue : Stalion not so gud [09:47:18 05/01/09] Stalion : meaning d downtrend would continue? can you give us an example on a live chart? [09:47:24 05/01/09] Learning_pips : so according to her once we have points 1 and 2, we can apply fibs to identify a cluster where 3 would be and the price after it reaches 3 would continue its decline if we take 1-2-3 as a bottom [09:47:55 05/01/09] Stalion : how do you mean, blue? [09:48:35 05/01/09] blue : Stalion im bearing a lot of loss for past few months [09:48:36 05/01/09] Learning_pips : well there are numerous examples n the book, i am trying to establish it in the live charts..will keep u posted..any insights on today [09:50:41 05/01/09] blue : Stalionim so tense now a days [09:50:49 05/01/09] Stalion : whatabout strategy? [09:51:48 05/01/09] blue : Stalion actually i was just trading by my own mind and short trade with the stop but mostly i faced my stop hit [09:52:48 05/01/09] Stalion : as in, what is ur strategy in which you've been using all those while? [09:53:21 05/01/09] blue : Stalion actually i just watch chart with 1 hourly candle and its spread [09:59:07 05/01/09] Stalion : hey, dats not a strategy ,blue...just a hourly candle and spread? did you take any training before going live? [09:59:07 05/01/09] Maurizio77 : morning all - happy new year [09:59:13 05/01/09] blue : hi im from pak [10:00:13 05/01/09] blue : Stalion unfortunately im not trained and thts why im so tense [10:11:47 05/01/09] realjimmy : such a good day!!! you guys win?? [10:13:13 05/01/09] Learning_pips : no jimmy..missed it [10:17:03 05/01/09] Stalion : blue, in trading, you have to be trained for you are going against professionals that have been in the game for years and know what they are doing...its like a novice trying to play in the Champions League..no chance of winning if you are not aware of the rules of d game [10:29:49 05/01/09] Stalion : also using different free signals from different sources on ur live account is only asking to get blown out on margin call...no accountability or committment from both sides.. [10:34:59 05/01/09] Maurizio77 : reckon we'll be seeing a breakout on eur/jpy soon [10:40:46 05/01/09] Stalion : for euroyen, we put a sell stop @ 127.49...1st target @ 127.25..2nd target @ 127.08...50 pip sl [10:45:37 05/01/09] effendy40 : hi stalion [10:49:50 05/01/09] blue : Stalion wht wil be its buying stop [10:51:22 05/01/09] Stalion : well, for now, no buying stop since we are looking for eurjpy to go down in the short term...dats why the sell stop [10:54:14 05/01/09] Learning_pips : stal the eurjpy entry is 1-2-3 if i am not worng? [10:57:27 05/01/09] Stalion : 1st target hit on eurjpy..take half profits and move stop loss to entry [10:58:52 05/01/09] Stalion : the 123 pattern has already been fulfilled with the high at 128.49... [10:59:23 05/01/09] Stalion : remember different techniques as price moves dynamically,pips.. [10:59:45 05/01/09] Stalion : 2nd target hit on eurjpy!  [11:00:19 05/01/09] Stalion : 41 pips made in less than 1 hour on a monday morning [11:00:27 05/01/09] Learning_pips : right..sorry realised that later [11:02:16 05/01/09] Learning_pips : i just checked, our entry point was at 60% sell window of the previous swing..nice! [11:04:55 05/01/09] Stalion : cool...great start to the week...and for the New Year.. [11:11:42 05/01/09] Stalion : dats all for today...tommorrow is another day...41 pips,$41 minilot,$410 standard lot on eurjpy... Helloo fellow traders, for today Teusday 6th of January,12.30 am, we put a sell stop on GBPUSD @ 1.4635..1st target @ 1.4605..2nd target @ 1.4575..3rd target @ 1.4545...50 pips stop loss..take half profits when +20 pips ahead then shift stop loss to entry point.
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10/03/2009, 04h40
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The Awakening
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... For the benefit of members that might not yet understand the way I trade, I invite you to log into the 10,000 virtual equity account and see how and why trades are taken.. No more than 2% risk is taken.. Acc No 100909 Password mn4picn (ALPARI US)...www.alpari-us.com Please download the mt4 software from the site , then log in to view the forex trades.. [09:12:31 09/03/09] blue : wht do u expect today [09:19:27 09/03/09] blue : Stalion im ready for ur signals today [09:19:45 09/03/09] Stalion : hi blue, the general trend in the market is still bearish...so we wait for a good sell entry [09:20:23 09/03/09] blue : ok [09:20:28 09/03/09] blue : i hope so [09:24:26 09/03/09] Stalion : sell stop on gbpusd @ 13990...1st target @ 13945...2nd target @ 13920... [09:24:32 09/03/09] Stalion : 40 pips stop loss [09:25:11 09/03/09] blue : ok [09:25:41 09/03/09] blue : should i enter from here its on 1.4010 now or wait to strike 1.3990 [09:26:59 09/03/09] Stalion : wait till 13990,blue [09:27:18 09/03/09] blue : ok [09:30:33 09/03/09] Stalion : hope you now understand how to enter the sell and buy stops,blue? [09:30:49 09/03/09] Stalion : please ask questions if you are not clear.. [09:31:11 09/03/09] blue : ya i understand wht u mean [09:31:23 09/03/09] blue : im clear now i am waiting for 1.3990 [09:37:25 09/03/09] blue : still playing arround our figure [09:39:32 09/03/09] Stalion : cool [09:39:48 09/03/09] blue : im waiting [09:41:14 09/03/09] Stalion : okay.....sell entry hit @ 13990 [09:41:37 09/03/09] blue : ya i got [09:42:05 09/03/09] blue : wht should b dont now [09:43:00 09/03/09] blue : u plz guide me ok [09:43:07 09/03/09] Stalion : how many minilots did you enter? [09:43:24 09/03/09] blue : 2 mini lots [09:44:48 09/03/09] Stalion : okay....on how much equity? [09:45:07 09/03/09] blue : i have 3000$ [09:47:22 09/03/09] Stalion : 2% of 3,000 is 60... [09:47:24 09/03/09] blue : a little account [09:47:31 09/03/09] blue : so [09:47:42 09/03/09] blue : wht should i do [09:50:06 09/03/09] Stalion : by risking no more than 2% on a single trade, you can be be able to sustain 50 losses in a row if you are on a losing streak..I would suggest you keep your minilots to just 1 for now...by trading 2 minilots at a 40 pip stop loss, you risk more than 2% of your capital.. [09:50:48 09/03/09] blue : ok next time i wil enter with 1 lots [09:51:16 09/03/09] Stalion : instead of losing just 40 to 60 dollar maximum, you lost 80 dollars wen using 2 minilots [09:51:18 09/03/09] blue : i will cut 1 lot on 1st target [09:52:12 09/03/09] Stalion : okay... [09:53:01 09/03/09] blue : and wht should i do with second lot after closing 1 lot on 1st target [09:53:14 09/03/09] Stalion : cut 1 minilot when 20 pips ahead...more safer.. [09:53:25 09/03/09] blue : ok [09:53:38 09/03/09] blue : and second one [09:56:16 09/03/09] Stalion : you would have 1 minilot remaining,right? so cut 0.5 minilot on 1st target [09:56:28 09/03/09] Stalion : another 0.5 minilot on 2nd target [09:56:57 09/03/09] blue : ok i wil [09:57:05 09/03/09] blue : thx for ur co operation [09:59:06 09/03/09] blue : is the mkt safe in sell today? [10:03:35 09/03/09] Stalion : yep...that is more about strategy than risk management,blue [10:03:49 09/03/09] blue : hmm nice thx [10:04:48 09/03/09] Stalion : risk management is what keeps you safe and sane, blue.... [10:04:57 09/03/09] blue : ya [10:07:16 09/03/09] blue : wht do u think how much i can earn in my account in month [10:11:28 09/03/09] Stalion : have you taken off half profits first? [10:12:29 09/03/09] blue : thx dear i got 68$ in tota [10:12:32 09/03/09] blue : total [10:12:33 09/03/09] Stalion : then shift your stop loss down to entry point..from 1.4030 sl to 1.3990 entry? [10:12:53 09/03/09] Stalion : 1st target hit  [10:13:09 09/03/09] blue : i cut 1 lot in 1.3965 and second lot on 1st target [10:14:12 09/03/09] blue : thx alot dear i hope for more trades today [10:18:12 09/03/09] Stalion : cool.... [10:18:47 09/03/09] Stalion : 68 dollars is okay for today,blue... [10:19:13 09/03/09] Stalion : lets not get greedy and give back all those profits... [10:19:55 09/03/09] blue : ok as u say [10:20:07 09/03/09] blue : i agree with u [10:25:27 09/03/09] Stalion : cool [10:26:14 09/03/09] Stalion : 1 strike win and we are out [10:27:24 09/03/09] blue : ya nice [11:22:51 09/03/09] blue : Stalion mkt is still on selling [11:58:44 09/03/09] Stalion : yeah....downtrend sustained, blue [11:58:51 09/03/09] Stalion : helloo joksa [12:01:14 09/03/09] joksa : hi stalion, it is my first day [12:03:01 09/03/09] Stalion : cool... [12:03:11 09/03/09] Stalion : howz trading? [12:05:43 09/03/09] joksa : i don't have to much success [12:07:19 09/03/09] Stalion : why? how come? [12:09:14 09/03/09] joksa : i tried to much forex system, but no one was good for my acc. [12:09:46 09/03/09] Stalion : what do you think is blocking you from success? [12:11:03 09/03/09] joksa : i am not disciplined [12:14:50 09/03/09] shandy : hi guys, finally worked out how to login! [12:15:04 09/03/09] joksa : if i understand, in this chatroom...there is only alert? [12:15:42 09/03/09] Stalion : hmmmm.....nice to know discipline comes with practise [12:16:22 09/03/09] shandy : how was the morning session? [12:20:17 09/03/09] Stalion : welcome, mark.... [12:20:48 09/03/09] Stalion : 70 pips was made on our sell stop [12:20:53 09/03/09] shandy : very nice [12:20:59 09/03/09] Stalion : yes, joksa [12:21:25 09/03/09] shandy : the demo acount u sent on the mail, cant seem to login to alpari with it [12:22:07 09/03/09] shandy : is it the demo-1.alpari-us.com server? [14:01:53 09/03/09] joksa : thanks stalion [14:28:46 09/03/09] gjorge : HI [14:28:58 09/03/09] gjorge : Stallion [14:30:12 09/03/09] gjorge : i would like to see how they trade the london martket So for today, teusday, we could see a 1-2-3 bottom on the chart,and we put a buy stop on GBPUSD @ 1.3850..1st target @ 1.3877.. 2nd target @ 1.3955..50 pips stop loss
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18/03/2009, 11h18
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The Awakening
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Hi Julie...thanks for your mail...you are right when you mentioned the ''paralysis by analysis'' factor that disable the functions of majority of the traders due to information overload.In pursuit of the quest for profits, most of us tend to disregard the knowledge, patience and determination required to come out on top in any field of endeavour,instead we only focus on money..''how much can I make daily?''...I deserve a 100 pips dropping like clockwork each and every day''... Stay with me here,viola, there's a madness to the method and method to the madness..Its called the LAW OF DETACHMENT...thanks once again for your comments, julieviola Hey forexgreenland, we have missed you at NIGERIA BEST FORUM . NBF. Since its been a while, we thought we would send you a personal invitation to return. Hello, forexgreenland! We've noticed that you've not been active on ForexForums.org for quite some time now, and we miss you! Could we not tempt you back? Hmmm.....no need to do that,mon amis...am back....just being occupied by lots of projects lately...so little or no time to post as much as before... Citation:
Nice observation, dollarfinder...I concur with your findings...There's no 100% perfect system, whether technical analysis or fundamental news analysis..What matters most is proper RISK MANAGEMENT in trading.. How long can your equity last if your system is on a losing streak? How far can you go when the market goes schizophrenic over a period? 5 trades? 20 trades? 50 or a 100 trades before margin call...Hot situation makes a nice one, whatchu gonna do...call 911?That is what majority of the professional traders focus on when trading...Even in cooking, recipes of dishes are added proportionally, instead of putting the ingredients all at the same time.. That proportional blending eventually brings about a nice savoury dish....yumm yumm..Anyone hungry? Frank Says: Hello, thank you for this Posting. I am reading this Blog very often and i like to read this blog. I hope you writing alot in this Blog. What you have to doo is to write more in this Blog about everything. Citation:
I know, I know, jehunter....better to be the hunter than to be the hunted,especially of pips..lol...wud send it as soon as possible,okay... Citation:
Darn hayabusat,easy on the boobs fixation,okay...or you want to change the title of ''Sex in the City'' to Sex in the Trading?not that healthy for clarity of mind..I must say.. Trading mostly commences during the London Session where you have less range activity and more stable volatility. [10:02:58] Stalion : sell gbpusd @ 13920...1st target @ 13840...2nd target @ 13765...50 pip sl. 
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