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forexgreenland
25 Posts |
 Posted - November 09 2008 : 18:11:11
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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.
[20:06:58 07/11/08] Stalion : We put a SELL STOP on GBPUSD@ 1.5660...1st target @
1.5600...sl@ 1.5715
[img]http://i72.servimg.com/u/f72/11/82/15/01/gu6th310.gif[/img]
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forexgreenland
25 Posts |
Posted - November 10 2008 : 12:52:22
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[QUOTE=faizfakhirin;2749323]?????????????????????????????(penat nk baca)[/QUOTE]
Me too,faiz...I dont really understand...do you mean penance?
[QUOTE=retiredebtfree01;560508]Thank you for sharing useful information.We want you to come
up with useful information so that will be useful to everyone.[/QUOTE]
No probs, mon ami....we all try to do our best in all things, especially in trading..
[QUOTE=paulvsg;176521]Thanks stallon [/QUOTE]
No probs,paul..
[quote=Developer;7906]thnx for info brother are you in stock market ?[/quote]
Thanks for your mail,brother...I specialize in the forex markets..
[QUOTE=artlowell@upwadaccess.com;176752]The strategy that I have hoped to use is to have
four of five holdings going at all times, each with the goal of achieving a 10% gain within
a 5-10 day period. The strategy has been an utter failure, and I think the reason is this.
Every long I have attempted has lost money. Every Ultrashort I have tried has been
successful (I'm not allowed to short-sell). I believe that it is folly for somebody at my
skill level to attempt longs in an overall bear market. I no longer even consider a long
trade, especially with the prospect of an impending market crash.
There are few Ultrashorts to pick from and I am sort of without a good strategy for this
particular time.[/QUOTE]
Hi art, from your comments, I take it you are talking about the stock markets (not being
allowed to short-sell)..Is the uptick rule still in force at the equity markets?
But mind you, Warren Buffet,the No 1 stock investor is said to be buying up stocks recently
at rock bottom prices...Maybe its part of the contrarian strategy he's utilizing...Start
buying when prices are low and fear pervading the markets, while selling when prices are
high and greed driving the markets..thats just my 2 cents though..
Helloo fellow traders,
The 60% buy window on the GBPUSD made an inversion to the Way of the Dragon..sorry I
ommitted in writing out the buy order entry which is shown on the charts..As at Monday
midnite, price opened the session with a bullish gap and kicked in the buy order entry @
1.5760...Before we knew it,approximately 120 pips,$120 minilot,$1200 standard lot was made
at the high of 1.5885..The blue broken line shows the buy stop entry...
[img]http://i72.servimg.com/u/f72/11/82/15/01/invert10.gif[/img]
After the pips were made, our stop loss was then adjusted to the buy entry level, where stop
loss = 1.5760 = buy entry level...
This is what we see on the next chart below as the blue broken line now converted to a red
stop loss line..Very good risk management principle..
[img]http://i72.servimg.com/u/f72/11/82/15/01/invert11.gif[/img]
Another 120 pips was also made based on the bullish gap of the inverted dragon ...
[img]http://i72.servimg.com/u/f72/11/82/15/01/invert12.gif[/img]
Lets just say ...today was quite profitable...
[07:03:13 10/11/08] Stalion : Helloo everyone
[07:04:25 10/11/08] @ Stalion : we put a sell stop on gbpusd @ 1.5830...1st target @
1.5788..2nd target @ 1.5735..3rd target @ 1.5710...40 pips stop loss away
[07:34:14 10/11/08] djcarlos : 3 target hit.... Razz
[07:40:30 10/11/08] djcarlos : thanks for the sms, I ll Sleep again ...here is 03:39.....
but with 50 pips in the bag..... thanks
[08:00:00 10/11/08] Stalion : hi dj
[09:59:45 10/11/08] klho83 : Hi Max did u take the trade?
[10:00:27 10/11/08] Maximus : which one...
[10:01:11 10/11/08] klho83 : GU gbpusd @ 1.5830...1st target @ 1.5788..2nd target @
1.5735..3rd target @ 1.5710...40 pips stop loss away
[10:01:58 10/11/08] Maximus : no dit not take it...
[10:39:11 10/11/08] Maximus : not bad miss the first trade...
[11:05:58 10/11/08] romandaw : u trading anything?
[11:07:03 10/11/08] djcarlos : amazing fall on GU
[11:42:36 10/11/08] romandaw : hi there, you watching euro dollar?
[11:48:28 10/11/08] djcarlos : it having a strong uptrend.... but I prefer wait
[11:52:36 10/11/08] djcarlos : because I was read that GU it will have a pivot on 1.5800
[img]http://i72.servimg.com/u/f72/11/82/15/01/invert13.gif[/img]
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forexgreenland
25 Posts |
Posted - November 12 2008 : 17:01:10
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[QUOTE=Dreams;13042]Thnks man for sharing to all these great info. I am very interested to get into forex.[/QUOTE]
Hi Dreams, its possible to actualize ur forex dreams by the right dedication, proper
training, patience,hard work and positive mental attitude..
[QUOTE=Justin;384715]this is very cool! I'm learning to much . . . alright![/QUOTE]
cool,Justin....me too...
Helloo folks,
Today's price action on the gbpusd was really something to write home about..The
unemployment rate report that was released from the UK was unfavourable to the GBP.The
PREVIOUS figures was at 5.7%, while the economists'expectation was 5.8% which was equal to
the ACTUAL release..The higher the unemployment rate,the lower the value of pounds sterling
due to selling on the negative news from UK.
Although it's generally viewed as a lagging indicator, the number of unemployed people is an
important signal of overall economic health because consumer spending is highly correlated
with labor conditions;
More than 375 pips were made this wednesday from GBPUSD drop...$375 minilot..$3750 standard lot..
[22:08:01 11/11/08] Maximus : Hi Stalion...
[22:08:29 11/11/08] Maximus : any order that are still valid...
[22:11:43 11/11/08] Stalion : sell stop on gu at 15400...1st target at 15360...2nd target at
15305...3rd target at 15285...40 pip sl
[22:11:56 11/11/08] djcarlos : 1st target of sell stop??
[22:16:15 11/11/08] Stalion : no probs...
[22:16:54 11/11/08] Stalion : max, you can enter a sell stop at 15370
[22:17:05 11/11/08] Maximus : sp now the sl is that the entry if you get the first target,
am I right or not...
[22:17:21 11/11/08] Maximus : ok Stalion...
[22:18:02 11/11/08] Maximus : same target....
[22:18:28 11/11/08] Stalion : yes
[00:48:59 12/11/08] djcarlos : I read that 1.5270 is the pivot to GU
[09:07:27 12/11/08] Maximus : Hi any trades...
[09:15:57 12/11/08] Stalion : Helloo everyone
[09:21:47 12/11/08] Stalion : not yet, max....we wait for a while....as you can see, the
market is moving back and forth for now...wouldnt do to jump in where there's no sign of a
breakout yet..
[09:22:01 12/11/08] Maximus : yes no prob...
[09:24:00 12/11/08] Stalion : one of the hardest things in trading is knowing when NOT to
trade...easier said than done..
[09:25:45 12/11/08] Maximus : yes it is so true...
[09:41:09 12/11/08] Stalion : market's slow
[09:42:10 12/11/08] Maximus : in my hiumble opinion I think that the market will break down
again with the GBPUSD...
[10:07:27 12/11/08] Stalion : so, entering at 15400 or 15370 is okay
[10:08:09 12/11/08] Stalion : remember to take half profits when +20 pips away
[10:09:20 12/11/08] djcarlos : i dont made the entry
[10:11:06 12/11/08] djcarlos : can i enter now... at 1.5360???
[10:14:35 12/11/08] Stalion : Hi dj
[10:15:01 12/11/08] Stalion : welcome to the party...
[10:15:31 12/11/08] djcarlos : hi, i entered at 1.5350..... i come late
[10:15:45 12/11/08] Stalion : though a bit late,a sell stop at 1.5345 would be more
prudent...
[10:17:05 12/11/08] Stalion : going for our 2nd target of 15305
[img]http://i72.servimg.com/u/f72/11/82/15/01/alllgo10.gif[/img]
[10:17:29 12/11/08] Maximus : I took 20 pips and i will reenter....will see...
[10:17:39 12/11/08] djcarlos : ok, its down trend??
[10:20:10 12/11/08] Stalion : we cant tell for now...though looking at the hourly, 4hr,daily
and weekly charts shows that gbpusd have been on a prevailing downtrend..
[10:21:15 12/11/08] Stalion : price might still very well retrace back up....only time will
tell..our job is to position ourselves to take advantage of price movements when we can
[10:22:56 12/11/08] romandaw : morning
[10:23:30 12/11/08] romandaw : nb news about to come out
[10:24:24 12/11/08] Maximus : yes Stalion the gbpusd will retrace...
[10:37:50 12/11/08] romandaw : i was trading the same move without even knowing it.
[10:37:58 12/11/08] romandaw : the gu short
[10:38:49 12/11/08] Stalion : helloo there roman
[12:09:47 12/11/08] Maximus : Hi Stalion...
[12:10:22 12/11/08] Maximus : thx for the pips....
[12:11:54 12/11/08] Stalion : my ohh myy..!price is moving ALL D WAY DOWN!100 plus pips
ahead of 2nd target
[12:13:06 12/11/08] Stalion :hope ur on a trailing stop, max?
[12:16:06 12/11/08] Maximus : Already out of the trade took 50 pips and get out...
[12:16:43 12/11/08] Stalion : lol!
[12:16:57 12/11/08] Stalion : wise move....
[12:17:50 12/11/08] Maximus : Thx Stalion for the call...
[12:22:17 12/11/08] Stalion : no probs.....the uptrend wasnt sustainable eventually
[16:22:47 12/11/08] Stalion : so for today, wednesday, we put a sell stop gu @ 1.5164....1st
target @ 1.5124...2nd target at 1.5095 pip sl away..
[16:37:06 12/11/08] enolase : hi everyone
[16:37:24 12/11/08] enolase : i can't believe i forgot that today was the BoE inflation
report
[16:37:47 12/11/08] enolase : a news item that has delivered in xcess of 300pips downward
movement on the GU pair in the last four months
[16:38:08 12/11/08] enolase : anyway, i think the dive will still continue
[17:38:29 12/11/08] Stalion : cool...
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forexgreenland
25 Posts |
Posted - November 13 2008 : 19:42:33
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[QUOTE=artlowell@upwadaccess.com;182064]Thanx for the response, Forexgreenland. Looks like
I'm in the wrong forum.
I googled "uptick rule" and every search result was in a language that I don't understand.
They don't allow short-selling with IRA money. They also won't allow day-trading. Ah,
according to Investopedia, the uptick rule was eliminated June 6, 2007.
There are lots of equities just lying on the floor at bargain prices, just bubbling
sideways. Good for some profits sometime in the future, but not doing anything right now. It
looks like Forex is always active. (I know nothing about this market. Looks tricky).
I liked your zen-oriented description of the trader's frame-of-mind in your opening post in
this thread. I'm still in the first stage with some forays into the second. It is an
interesting journey.[/QUOTE]
Hi art,
I feel your pain...the languages coming out from those search engines on uptick rule were
kind of like finance hieroglyphics...since it had been eliminated since 2007, no worries..
yes, forex is always active with lots of volatility, but it only looks tricky when you are
not that familiar with the market.. Warren Buffet was right when he was quoted as saying
''Risk comes from not knowing what you are doing''..but you can still learn the ropes if you
are willing and committed..
Well, you dont really have to be a Zen Master, or a Yogi master, or Shaolin Master, or even
a Shambala Master, before getting ''in the flow''.. Just let yourself go..
''A journey of a Thousand Miles Begins With A Single Step..
[url=http://news.yahoo.com/s/ap/20081113/ap_on_bi_ge/oil_prices;_ylt=ApzYKVH9YHHSykrFHQ7Oo65v24cA]Oil prices follow Wall Street on wild ride - Yahoo! News[/url]
[QUOTE=barbs;208943]As an American who has most of their savings in sterling, I've got one
word to sum up what I feel right now.
F*%K!![/QUOTE]
Me too, barbs...I feel ya...
Ohh, by the way, lemme wish you Americans a Happy Thanksgiving Day in advance..Did I hear
someone say Turkey Day?
[QUOTE=Forexgreenland;208839][10:09:20] Stalion : so we put a buy stop on gu at 1.4970...1st
target at 1 5025..2nd target at 1.5080...sl 50 pips away...[/QUOTE]
[img]http://i72.servimg.com/u/f72/11/82/15/01/13th_n10.gif[/img]
[QUOTE=y_2008;209042]What is happening? usd was sold accross the board (except agains yen)
by more than 200 pips in one hour or so. Can any body explain?[/QUOTE]
No probs, mon ami..The pound was battered after the Bank of England said on Wednesday the British economy would shrink sharply next year, bolstering expectations that further sharp cuts in interest rates were in the pipeline.Lower interests rates means lower value of the currency due to
investors selling the low yield currency to buy higher yielding currencies.. That would
bring about a downward sell pressure on the gbpusd.
[QUOTE=markdaniel213;209028]I need to purchase 1000 GBP to pay a debt in the UK, and have
been trying to keep an eye on the exchange rate (as I'll have to buy the 1000 GBP with USDs
- I'm a US citizen and am paid in USDs :D )
Can you experts offer me suggestions around when I should buy the GBPs? I must have them by
end-of-month December 2008, but am not sure how to get a good idea (forecasting and such) as
to when between now and 31st Dec 2008 would be the best time to exchange USDs for GBPs.
Any help that you can offer if VERY much appreciated!! :)
Thanks!!
Mark[/QUOTE]
Hi markdaniel,any relations with mark anthony??LOL..
You've just boiled it down to a simple question..What is meaning of forex?
It is the buying and selling of international currencies..I think you might need a cup of
coffee for this..
For example, 1 GBPUSD is equivalent to 1.4700 dollars..1000 GBP is equivalent to 1470
dollars USD..that is, at the international rate of 1.4700...You are using 1470 dollars to
buy 1000 pounds sterling..
But wait...The current fundamentals suggest Britain is in the throes of recession, while the
BOE is about to further slash interest rates in the nearest future..Low interest rates from
bad economic recessionary data spewing forth from the UK is likely to pull the T-strings of
cable down south..wow..
[img]http://i72.servimg.com/u/f72/11/82/15/01/13th_n11.gif[/img]
Technical analysis wise, price have fallen way beyond the 60% BUY WINDOW on the monthly
charts,with 4 long range bearish candles going ballistic underground.. Both MACD divergences
foretells bearish movement of price on the GBPUSD..A Category Four Trendline has already
taken place..
so come December, price getting to our projected target point of 1.3090, , you BUY 1000GBP
for $1,309 dollars..since the GBP would have likely lost more value in the weeks to come..Does that mean we might be seeing a dollar rally before the end of the year 2008? Of course..just got ma fingers crossed..
I hope you now understand..
Remember, nothing is cast in stone on forex...and in life...Also do your own research before
taking any recommendations...Feel free to discuss it here..
sorry guys, that I forgot to alert you due to internet blackout in my zone..more than 300
pips,$300 minilot,$3000 standard lot was made on the sell stop of gbpusd wednesday
afternoon.., which offsetted our previous double buy stop loss of 50 pips each..making back
more than 3 times our previous loss...Well,what can I say..
[img]http://i72.servimg.com/u/f72/11/82/15/01/screen10.gif[/img] |
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forexgreenland
25 Posts |
Posted - November 16 2008 : 10:11:03
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[QUOTE=mystikal;10988][05:17:33 14/11/08] Stalion : Its 5a.m here in Nigeria and am in the
dark,with just the glow of the computer screens casting an ethereal and pychedelic sheen to
the surroundings..just the candlesticks telling their midnight stories..so we put a sell
stop on GBPUSD @ 1.4860...1st target @ 1.4845..2nd target @ 1.4825...3rd target @ 1.4790
[05:18:06 14/11/08] Stalion : sl @ 1.4010[/QUOTE]
Happy weekend,folks,
Someone asked me the other day what Black Friday was..And another, to her, felt her trade
that day was Black Friday becvause she had some losing trades.. Well I did some little
research on it from INVESTOPEDIA and here are some meanings of that term
1. A day of stock market catastrophe. Originally, September 24,
1869, was deemed Black Friday. The crash was sparked by gold speculators, including Jay
Gould and James Fist, who attempted to corner the gold market. The attempt failed and the
gold market collapsed, causing the stock market to plummet.
2. The day after Thanksgiving in the United States. Retailers generally see an upward spike
in sales and consider this to be the start of the holiday shopping season. It's common for
retailers to offer special promotions and to open early to draw in customers.
3. The term "black" has been used to describe other disastrous days in financial markets.
For example, on Black Tuesday, October 29, 1929, the market fell precipitously, signaling
the start of the Great Depression. The largest one-day drop in stock market history occurred
on Black Monday, October 19, 1987, when the Dow Jones Industrial Average plummeted more than
22%.
To God be the glory, our call was hit around 5 times,back to back, on yesterday's White
Friday. 70 pips,$70 minilot,$700 standard lot was made from that call..
We could actually see there was a mini head and shoulder pattern
[05:18:06 14/11/08] Stalion : sl @ 1.4010
[05:21:05 14/11/08] pipsRus : hello
[05:21:30 14/11/08] djcarlos : hi stal
[05:22:56 14/11/08] djcarlos : 1st target hit Very Happy
[img]http://i72.servimg.com/u/f72/11/82/15/01/white_10.gif[/img]
[05:24:24 14/11/08] Stalion : hi pipRus
[05:24:37 14/11/08] Stalion : 2nd target hit
[05:27:54 14/11/08] Stalion : I take it you've already closed at least half of ur order, dj?
We could see a mini head and shoulderrs pasttern on the 15 minute chart, which foretold a
bearish movement..After making our 70 pips, we shifted our stop loss to the entry point of
1.4810...That was why the broken shaded blue line was now red in the second chart...
[img]http://i72.servimg.com/u/f72/11/82/15/01/white_11.gif[/img]
[05:29:02 14/11/08] djcarlos : im out it was an exelent trade arround 40 pips in my bag
[05:30:22 14/11/08] djcarlos : thanks to call me... it was exelent
[05:54:50 14/11/08] djcarlos : Stal Ill expecting for other alerts.... thanks, call me or
sms me....
[05:58:18 14/11/08] Stalion : Hey, dj, easy on the greed, okay...
[05:58:33 14/11/08] Stalion : are you not guys not okay with 70 pips?
[06:02:00 14/11/08] djcarlos : yes stal i ll be carefully... im taking profits to open a
managed account
[06:13:56 14/11/08] Stalion : hmmmm...
[06:51:24 14/11/08] Stalion : if you reentered again on our original sell entry, you
would've been smiling by now...
[10:12:44 14/11/08] djcarlos : hi stal....
[10:20:11 14/11/08] djcarlos : i was re-enter and i won 2o pips and then go out because de
waves is going up
[10:20:23 14/11/08] djcarlos : Very Happy
The stop loss on the right shoulder ensured that we are not stopped out in the present
downtrend..if price breaches that high, we should be seeing a new retracement....
[img]http://i72.servimg.com/u/f72/11/82/15/01/white_12.gif[/img]
All in all, it was a jolly Good White Friday..
So for today,Sunday the 16th of November,we await the opening bell of the Asian Session to
commence trading..
[QUOTE=palmguy]Sell stop on GBPUSD @ 1.8321...[/QUOTE]
Hi palmguy, thanks for your contribution ..though presently, price on the GBPUSD is at
1.4737...it would need to go up about 400 pips before your sell stop is triggered..
So for today, we might likely see a BULLISH GAP to the upside in less than 7 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
[img]http://i72.servimg.com/u/f72/11/82/15/01/white_14.gif[/img] |
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forexgreenland
25 Posts |
Posted - November 17 2008 : 16:44:19
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quote:
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..
[QUOTE=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.[/QUOTE]
Maybe, jeff15...maybe..
[QUOTE=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.[/QUOTE]
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..
[img]http://i72.servimg.com/u/f72/11/82/15/01/trader10.gif[/img]
[QUOTE=Anonymous;86746]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 [/QUOTE]
[img]http://i72.servimg.com/u/f72/11/82/15/01/trader11.gif[/img]
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..
[QUOTE=delvia_saputri;905683]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[/QUOTE]
No probs, delv..We all learn and earn more and more...
[img]http://i72.servimg.com/u/f72/11/82/15/01/trader12.gif[/img]
[QUOTE=technamental;000002]So.. where are these other guys you are talking to?
Just google ''forexgreenland'' |
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forexgreenland
25 Posts |
Posted - November 20 2008 : 11:46:11
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[QUOTE=jeffsmith;384871]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.[/QUOTE]
Nice one, jeffsmith, keep it coming..
[QUOTE=stalla;212577]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[/QUOTE]
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!
[img]http://i72.servimg.com/u/f72/11/82/15/01/gcool10.gif[/img]
[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..
[img]http://i72.servimg.com/u/f72/11/82/15/01/gcool110.gif[/img]
[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
[img]http://i72.servimg.com/u/f72/11/82/15/01/gcool210.gif[/img]
And we also put a sell stop on GBPUSD @ 1.4970...1st target @ 1.4945..2nd target @ 1.4920..3rd target @ 1.4895..
[img]http://i72.servimg.com/u/f72/11/82/15/01/gcool310.gif[/img]
We call it TRAPPING THE DRAGON TECHNIqueza
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forexgreenland
25 Posts |
Posted - November 21 2008 : 03:39:46
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[QUOTE=onwukarisa;11051]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.[/QUOTE]
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..
[QUOTE=KITT862;9522]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.[/QUOTE]
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!
[QUOTE=logoodung;213517]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?[/QUOTE]
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..
[QUOTE=mystikal;11120]
[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..
[img]http://i72.servimg.com/u/f72/11/82/15/01/gcool310.gif[/img]
We call it TRAPPING THE DRAGON TECHNIqueza[/QUOTE]
[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/forex-strategies-systems/29911-review-strategic-tips-milking-major-currency-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 ;(
[img]http://i72.servimg.com/u/f72/11/82/15/01/gcool410.gif[/img]
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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forexgreenland
25 Posts |
Posted - November 23 2008 : 06:43:29
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[QUOTE=onwukarisa;11172]hello stallion,
please i have some questions for you:
1) Please how do you know which time frame to do your analysis. i just noticed that at ties,
you do your analysis on 5 minutes chart, 15 minutes chart or 4 hours chart. Please what
factors
do you actually put into considerations when choosing this time frame?
2)i have also noticed that the way you choose your pattern formations vary(whether 1-2-3 top
or
bottom). in some cases,you space out the distance b/w the points 1,2,and 3. And in some
cases,
the distance b/w the points are very close? Please why is this so?
3) You sometime made mention of a hammer to me. Please if i see a bearish or bullish hammer,
what does that mean or what do i expect to see?
4) "Since a doji session represents a market at a juncture of indecision, it can often be
an early
warning that a preceeding rally(rise) could be losing steam.."
My question here is this: can a doji also tell you that a preceding fall or drop is also
losing steam?
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..
[quote='Reealjrd' pid='6695' dateline='1227339374']
Market has recovered some shat. But we cannot say it a recovery because some market news say
that the market might once again show some dip. So be cautious when the market goes up.
Yes, we surely will,Reeal...
[QUOTE=arranp;209765]Hello,
How long to stay short of sterling? how long until sterling recovers?
I have a USD fund with a STG equivalent, at some point I should switch from USD into STG, I
am wondering if now is to soon.
Thanks in advance for advice.
Regards
Arran.
'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.
[img]http://i72.servimg.com/u/f72/11/82/15/01/gufrie12.gif[/img]
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
[QUOTE=kongsar168;135846]is everyone here ever use indicator cat50fx ???[/QUOTE]
Not sure,kong..
quote:
Quote from trackstar:
what "method" are you using for these conditions? [/quote]
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..
quote:
[/quote]
technamental wrote:
quote:
No.. Your posts here are not collaborative. They are self promoting. I don't think
you have any intent of interacting with this forum's users on the other threads
here...[/quote]
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
[img]http://i72.servimg.com/u/f72/11/82/15/01/gufrie10.gif[/img]
[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
[img]http://i72.servimg.com/u/f72/11/82/15/01/gufrie11.gif[/img]
[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!
[QUOTE=bertmaple;214362]okay- a few things ive learned through the years of fxing -
go with the trend & dont try and guess when the trend is over
BUT.......
did anyone else see the USD turnaround signs? Not really a strong one with GBP - but a
perfect trendline touch on EUR, almost a double top reaction spike on CHF.
All pairs showed serious rection spikes today - without surpassing former lows/highs
Kind of like slamming the brakes on your car.
Wonder if Mon Asian market will dump lots of cash in - or wait because of light US trade
week?
Will the slow trade week basically reset all the indicators and make this one giant
bull/bear trap?
Set yr stops close ~
Thoughts?
:confused:[/QUOTE]
Quite elementary, my dear Watson..I mean, Bert..The Doggy Style move on the GBPUSD have the
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
[img]http://i72.servimg.com/u/f72/11/82/15/01/gufrie13.gif[/img] |
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forexgreenland
25 Posts |
Posted - December 01 2008 : 17:02:03
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[quote=mfoste1;170670]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?[/quote]
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
[img]http://i72.servimg.com/u/f72/11/82/15/01/montho11.gif[/img]
[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!
[img]http://i72.servimg.com/u/f72/11/82/15/01/montho12.gif[/img]
[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
[url=http://news.yahoo.com/s/ap/20081201/ap_on_bi_st_ma_re/wall_street]Stocks fall sharply on consumer spending worries - Yahoo! News[/url]
[QUOTE=fasi26;217025]now wht wuld be the rebound of GBP/USD..............( i m holding the
position sell 153.5 to going on.[/QUOTE]
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. |
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forexgreenland
25 Posts |
Posted - December 07 2008 : 13:02:23
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[[QUOTE=ddock222;575460]i dont get the idea you showing about thw system. first, where are
those numbers come from ? i looked at the charts that you attached those numbers (2.0168,
2.0050, 2.0089). sencond, is this same as the 3 ducks system ?[/QUOTE]
Me too,ddock...it has been quite a while since that chart was posted,I must say... those
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..
[QUOTE=t2wfx;590782]Wow nice trade guys![/QUOTE]
yea, t2wfx, we try to get better and better by the day..
[QUOTE=SirLancelot;307456]
Helloo Stallion,after going through your posts am sorely tempted but still a little
doubt,you were telling the college kid about profits,drawdowns and streaks.whatabout
yours?how sure are we that you are profitable with your strategy,at least 10% profitable a
month.? any recent performance reports to back em up?nice work you doing on this
thread[/QUOTE]
Yes Lance, you can get a sample detailed performance report on my strategies as an attached
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.
[QUOTE=Forexgreenland;218184]
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.
[img]http://i72.servimg.com/u/f72/11/82/15/01/cool110.gif[/img]
[/QUOTE]
To all the traders in the house, with style and grace...allow me to lace these lyrical
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..
[img]http://i72.servimg.com/u/f72/11/82/15/01/jiuce10.gif[/img]
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...
[img]http://i72.servimg.com/u/f72/11/82/15/01/jiuce110.gif[/img]
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forexgreenland
25 Posts |
Posted - December 09 2008 : 05:41:25
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[QUOTE=jeffsmith;385152]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:
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!! [/QUOTE]
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/drawdown_and_maximum_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...
[QUOTE=SirLancelot;307456]
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 [/QUOTE]
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
[img]http://i72.servimg.com/u/f72/11/82/15/01/jiuce210.gif[/img]
[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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forexgreenland
25 Posts |
Posted - December 14 2008 : 17:23:01
|
[quote="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????/////[/quote]
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..
[quote="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..>_<.[/quote]
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
[img]http://i72.servimg.com/u/f72/11/82/15/01/gameof10.gif[/img]
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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forexgreenland
25 Posts |
Posted - December 16 2008 : 15:56:14
|
[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
[img]http://i72.servimg.com/u/f72/11/82/15/01/gameof11.gif[/img]
[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
[img]http://i72.servimg.com/u/f72/11/82/15/01/fasi10.gif[/img]
[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
[img]http://i72.servimg.com/u/f72/11/82/15/01/gameof12.gif[/img]
[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
[QUOTE=AiRiCk;3013577]Very cool stuff ! Thanks for it :)[/QUOTE]
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
[img]http://i72.servimg.com/u/f72/11/82/15/01/gameof13.gif[/img]
http://news.yahoo.com/s/ap/20081216/ap_on_bi_st_ma_re/wall_street
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forexgreenland
25 Posts |
Posted - December 17 2008 : 03:23:54
|
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...
[QUOTE=theroguetrader;602818]" Dont step in front of a moving train " ...:idea:[/QUOTE]
http://www.trade2win.com/boards/attachment.php?attachmentid=44704&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.. |
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forexgreenland
25 Posts |
Posted - December 18 2008 : 17:29:37
|
[QUOTE=mystikal;11850]
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..[/QUOTE]
[QUOTE=sam111;11874]In yesterdays market there were some clear indications that it will
remain down for few hours and give bounce back but not too much.[/QUOTE]
[img]http://i72.servimg.com/u/f72/11/82/15/01/exhibi10.gif[/img]
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..
[QUOTE=jeffsmith;919117]Friends this market says that always travel in a running train.
Means trade the movements in the market you will definitely make profits. But with patience
don't hurry.[/QUOTE]
Patience is a virtue,especially in the markets,right, jeff?
[img]http://i72.servimg.com/u/f72/11/82/15/01/exhibi11.gif[/img]
[QUOTE=WiseTx;3024187]Dear @AiRiCk;
What is cool? :)
am I missing something? :-?
1)It's not an EA
2)It's not even a System.
3)It does not show or teach some strategies.
4)Long chat conversations does not mean anything for us.
5)He is reviewing his own business. lol!! :D
Free Advertisement! ~X([/QUOTE]
I been with these skills, crystal spills, hot bills, in Brazils..about African Black
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?
[img]http://i72.servimg.com/u/f72/11/82/15/01/exhibi12.gif[/img]
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
[QUOTE=sagar.best;1082]hey wow hw much time does it took to writ??
whatever i read some how n was good keep going......[/QUOTE]
Hi sagar, thanks for your mail.. it actually takes around 2 hours to draw and write the
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.
[img]http://i72.servimg.com/u/f72/11/82/15/01/exhibi14.gif[/img]
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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forexgreenland
25 Posts |
Posted - December 21 2008 : 17:11:07
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[quote=forexgreenland;24538]
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[/quote]
[quote=Reealjrd;24555]Today being Friday and last day of trading for the week it can be a
mixed day for forex market. This i have been observing in the last few months that Friday
has been some times mixed and some times a black day for forex traders.[/quote]
Yes,though this time, our 75 pips on our 1st target would have offsetted any ''Black
Friday'' losses..
[img]http://i72.servimg.com/u/f72/11/82/15/01/pips10.gif[/img]
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...
[img]http://i72.servimg.com/u/f72/11/82/15/01/pips110.gif[/img]
[quote=fasi26;2953]hi Stallion,pls tell me wht is trailing stop basically n hw n when to use
it .and i noticed dat u mostly hav trade in Gbp/usd.... dnt u hav trades in eur/usd[/quote]
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..
[img]http://i72.servimg.com/u/f72/11/82/15/01/pips210.gif[/img]
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forexgreenland
25 Posts |
Posted - December 23 2008 : 17:51:33
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[QUOTE=fx-liono;224308]Good stuff, useful info!
I think what a newbie like me has to do is get together all the relevant fx indicators and
all systems that I can get my hands on. Study them in depth to filter out the very good
from the o.k ones, get some experience under my belt by using them then trade live after.
As of yet I dont know of or understand any systems and rely heavily on forums such as this
one to get hints and tips as to where we're heading, or other than that put my index finger
in my mouth , hold it high above my head and take a punt!!!
Cant be good:confused:[/QUOTE]
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.
[img]http://i72.servimg.com/u/f72/11/82/15/01/eurusd10.gif[/img]
[QUOTE=jeffsmith;385343]I have seen most of the charts and read about the news for today. I
have come to the conclusion that the market for today can be down. But some we can see some
stability also. Am i right friend.[/QUOTE]
Yes, you are right, mon ami...Price on the GBPUSD made a high of 14991, which was 8 pips
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..
[img]http://i72.servimg.com/u/f72/11/82/15/01/buried10.gif[/img]
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/forex-technical-analysis-strategies-forum-f3/review-of-strategic-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/PersonalFinance/story?id=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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forexgreenland
25 Posts |
Posted - December 25 2008 : 19:20:08
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[QUOTE=mystikal;12013]
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[/QUOTE]
[img]http://i72.servimg.com/u/f72/11/82/15/01/christ10.gif[/img]
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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forexgreenland
25 Posts |
Posted - December 29 2008 : 14:15:59
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[QUOTE=king_diamond;3114867]ala tuan, tau ler last2 mesti ada nak jual ebook ngan online
tutor nanti ni.....tul tak masta forestgreen :D :))
p.s if u dint understang....google it, welcome to CG(suppose to be) 100% Malaysia :))
[/QUOTE]
Boonga boonga,what? reminds me of Indiana Jones and Temple of Doom...hey king of diamonds,
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
[QUOTE=mystikal;12013]
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.[/QUOTE]
Helloo there,folks,
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..
[img]http://i72.servimg.com/u/f72/11/82/15/01/trible10.gif[/img]
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?
[QUOTE=fx-liono;225431]Hi guys
I think its just too riskiy trading full stop at the moment, spreads are wide, trend is non
existent, and volume is extremely low.
I think its best staying out until at least a week into new year when everyones back from
holidaying and markets have settled down some what!
But thats just what I am thinking![/QUOTE]
Well, fxlion, maybe a lil positive mental attitude thinking might be in order?
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forexgreenland
25 Posts |
Posted - December 30 2008 : 05:53:06
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[QUOTE=moneyadd;87741]Hello guys,
I wanna say great job my strategy is very much like yours
But actually i don't watch the trades i just put the safe buy/sell STOP orders and targeting
10 pips .
I put my buy stop for up-trend when i get the confirmation of the 1,2,3 pattern at fibo
level 0.0 and only take 10 pips profit
the opposite for the sell but it's the same and i always lay those pips no loss
But after reading all your posts i might consider sitting in front of the screen and make
bigger profits .
My profits are big because i increase the lot size when my analysis gives higher probability
and i lay $200+ a day using it .
best of luck and again great job
but why aren't you drawing your fibo levels on the charts or you don't want it to look
complicated ? :blink:[/QUOTE]
Helloo moneyadd, thanks for reading all my posts...trying to make the time to read them
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.
[img]http://i72.servimg.com/u/f72/11/82/15/01/some_m11.gif[/img]
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..
[img]http://i72.servimg.com/u/f72/11/82/15/01/some_m12.gif[/img]
Price then retraced downward again to our previous short target of 14457, hitting it twice..
[img]http://i72.servimg.com/u/f72/11/82/15/01/some_m13.gif[/img]
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''..
[img]http://i72.servimg.com/u/f72/11/82/15/01/some_m15.gif[/img]
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.
[QUOTE=jeffsmith;385444]Can any one here tell why do clients trading this market online face
problems. I have been trading online with AVAFX and facing problems like not receiving
proper mails from them on time, downloading problem, customer support is not responding etc.
I have also heard from other persons trading this market online facing the same problems.
After threatening the customer support people they are now responding on time.
But still i have not come to know why online clients face such problems.[/QUOTE]
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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forexgreenland
25 Posts |
Posted - December 31 2008 : 15:42:38
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[QUOTE=needinfo;226277]Dear All,
Just a novice question. I keep hearing/reading the word 'intervene' by apex banks to control
their currencies. When BoJ says it would intervene to maintain a strong USD, will there be
any impact on EURUSD pair to maintain the correlation?[/QUOTE]
Helloo needinfo,central bank intervention is the buying and selling of currency, foreign or
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..
[img]http://i72.servimg.com/u/f72/11/82/15/01/dollar10.gif[/img]
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''?
[img]http://i72.servimg.com/u/f72/11/82/15/01/eurdol10.gif[/img]
[QUOTE=mystikal;12103]
[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[/QUOTE]
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?
[img]http://i72.servimg.com/u/f72/11/82/15/01/tanks10.gif[/img]
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.
[img]http://i72.servimg.com/u/f72/11/82/15/01/thanks10.gif[/img]
HAPPY NEW YEAR FOLKS and we give thanks to God for seeing us through a bumpy 2008..WELCOME
2009. |
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forexgreenland
25 Posts |
Posted - January 02 2009 : 09:15:53
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[QUOTE=radatats;226580]Can someone please tell me why this pair should reverse its down
trend any time soon?[/QUOTE]
[img]http://www.learncurrencytrading.com/fxforum/attachments/gbp-usd/22654d1230754934-discuss-gbp-usd-dailyfx-analyst-gbpusd-eo2008.jpg[/img]
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..
[QUOTE=jehunter;12162]Hello Mystic, I am enjoying your threads and trying hard to understand
it all. I am a realitively new to forex trading and your way of trading fits the style of
trading I would like to master. So again Thank You and keep up the good work.
Since I am a reader of your treads, can you please send me a copy of the e-books listed
below. I would very much appreciate it.
1 The Art Of Creativity
2 Fibonacci Trading - How To Master The Time and Price Advantage[/QUOTE]
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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forexgreenland
25 Posts |
Posted - January 02 2009 : 09:34:04
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[QUOTE=radatats;226580]Can someone please tell me why this pair should reverse its down
trend any time soon?[/QUOTE]
[img]http://www.learncurrencytrading.com/fxforum/attachments/gbp-usd/22654d1230754934-discuss-gbp-usd-dailyfx-analyst-gbpusd-eo2008.jpg[/img]
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..
[QUOTE=jehunter;12162]Hello Mystic, I am enjoying your threads and trying hard to understand
it all. I am a realitively new to forex trading and your way of trading fits the style of
trading I would like to master. So again Thank You and keep up the good work.
Since I am a reader of your treads, can you please send me a copy of the e-books listed
below. I would very much appreciate it.
1 The Art Of Creativity
2 Fibonacci Trading - How To Master The Time and Price Advantage[/QUOTE]
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
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forexgreenland
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Posted - January 05 2009 : 17:56:18
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[QUOTE=jehunter;12192]Thank You. I am definately interested in investing in myself
positively and creatively for the new year. I would like nothing better than to get off to
a good start for the new year. See my pm mail address below to send me the 1 The Art Of
Creativity & 2 Fibonacci Trading - How To Master The Time and Price Advantage.
PM email address
[email]jehunter@cox.net[/email]
:)Thank you again.
cool....please check your email box in some few hours,jehunter..And a tip..maybe you could consider WRITING your goals out for the year 2009..10 to 15 goals are okay..might be daily, weekly or monthly..just write it out and go through them regularly so as to keep focused,okay..Brian Tracy taught that strategy.
[img]http://i42.servimg.com/u/f42/11/82/15/01/tadada10.gif[/img]
[QUOTE=king_diamond;3174325]apa menatang dia ni merepek ni.....[/QUOTE]
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
[QUOTE=Strategist;1565]What the name of this system? Is it really good like I see on this
graph?[/QUOTE]
Yes it is,Strategist...The name is the CHART PATTERN RECOGNITION AND PRICE PROJECTION STRATEGY. I dont mean to brag, but its one of the best techniques any dedicated trader could use to be profitable in the markets..I get invited to speak on international traders conferences on this strategy..at least,thats shows how good it is. Though it is not 100% perfect neither is it the ''Holy Grail'',you can be rest assured that your trading performance would get the required EDGE to beat the markets,especially in the long term.
quote:
Quote from TradeViper:
forexgreen, very smart to show only 71% positive trade rate, not an outrageous number
like 90%, but not too low. Now if the statement was audited and certified by an
internationally known firm, I think it might just matter. By the way, where are Mandel and
Reaver????
[/QUOTE]
[img]http://i42.servimg.com/u/f42/11/82/15/01/tadada11.gif[/img]
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!
[img]http://i42.servimg.com/u/f42/11/82/15/01/tadada12.gif[/img]
[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,1.00 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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Review Of Strategic Tips On Forex Signals In Forex
