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[mystikal]

[10:57:32] caprica1 : morning guys.

[10:57:42] bros1234 : welco caprica

[11:01:04] Stalion : [10:43:13] Stalion : [10:25:19] Stalion : so, we buy gbpusd @ 1.8574,for a 1st target of 1.8616 and a 2nd target of 1.8641

[11:01:38] Stalion : 1.8574...not 1.9574

[11:03:12] tundope : hi bros

[11:03:37] bros1234 : hi tundope

[11:04:17] bros1234 : i was wondering if stallion can tell us reason for the buy

[11:05:33] caprica1 : I've just tried t oplace an order on my demo account, and it keeps saying off orders. What does that mean?

[11:05:53] bros1234 : maket has passed that price

[11:06:25] Stalion : nothing to be confused about, caprica...as at the time of my writing, price on the gbpusd was at 1.8574..but I wrote it out as 1.9574...dats where d typo came from...but by checking ur charts at dat time, u wud've known what we were talking about

[11:07:49] r2r : stalion are we waiting for price to retrace below 1.9574 before putting in the buy order?

[11:09:16] bros1234 : fxdd price 18584 so not a bad buy based on his target

[11:09:32] caprica1 : the ask price is now 1.8577. I should still be able to place a buy order with a 1st target at 1.8616 though no?

[11:12:54] Stalion : not a bad buy, as long as its okay with your risk to reward ratio...and placing ur stop loss would be below the low or support area...

[11:13:57] bros1234 : Stalion...sorry to bother u...any reason for this buy...technical...am curious

[11:14:28] Stalion : dats like 40 pips or so....

[11:17:18] Stalion : yes,bros1234....we hit the 60% sound barrier early this morning, and chances are price tendsto reverse around that area and form a new trend...

[11:19:21] bros1234 : Stalion...i was thinkin the major trend is down though oversold and i saw a 123 pattern on the 1 hr so me thinks it might still break that barriar and cret a new low...but thank i will be watchin from here

[11:22:38] Stalion : no probs....we sit back and watch....

[11:23:11] Stalion : where's price now at your broker?

[11:24:57] bros1234 : fxdd...18561...

[11:26:33] caprica1 : GBPUSD now at 1.8559 on my window.

[11:27:02] bros1234 : caprica1...yeah

[11:29:54] Stalion : on the USDCAD, at 1.0648, we would likely see price going up to 1.0695 first...then to 1.0714

[11:29:59] bros1234 : caprica1...sorry...the trend is down so i think...it will change soon but i dont know when...

[11:30:15] caprica1 : my S/L is @ 1.8515

[11:30:50] caprica1 : yeah i know bros1234, all my signals are short. lol

[11:37:03] Stalion : market takes its cue from technicals and the fundamentals just agree - I bet small now that now that everybody sees doom and gloom over EUR and GBP - they might reboud..

[11:37:29] masif1 : caprica - is that your stop loss on gbpusd at 1.8515

[11:37:54] masif1 : how did you come to this?

[11:38:11] caprica1 : yeah thats the s/l masif1

[11:41:41] fxjedi : hi all

[11:47:35] fxjedi : several highly automated and sophisticated alghoritmic funds lost huge somes this round... most not planning to pay out any redemption to investors this year... list is quite long and goes to the core of the more sophisticated pfolios built in wall street

[11:58:05] fxjedi : Dovish BOE To Push GBP Even Lower - BNPP 0833 GMT [Dow Jones] Following dovish comments from the BOE's Tim Besley, while UK recession fears grow, the GBP is likely to fall further against the USD and EUR, says BNP Paribas. "GBP/USD is likely to break

[11:58:33] fxjedi : through the recent lows at 1.8520, to open downside potential into the 1.82/1.18185 area," the bank says.

[11:59:00] tundope : lol

[12:05:49] r2r : attempt to move prices lower so the bank can buy?

[12:06:20] boludotun : hi everybody

[12:30:14] fxjedi : looks cable is going higher

[12:37:36] fxjedi : going higher!

[12:37:54] bros1234 : yes

[12:38:12] bros1234 : 18616 now

[12:38:39] masif1 : just hit our first target!




[12:41:13] eugen3000 : did you move sl to be when 1st target hit? or just leave to hit sl or 2nd target?

[12:48:59] Stalion : yes, masif....1st target hit....42 pips in less than 2 hours...

[12:49:23] Stalion : $42 minilot,$420 standard lot on the gbpusd live call

[12:50:02] eugen3000 : Stalion could you please answer my question? thnx

[12:50:31] Stalion : we take the rest minilot on the 2nd target...move stop loss 20 pips above initial stop loss

[12:51:36] fxjedi : cable at 18626 and advancing, stallion

[12:53:03] eugen3000 : thank you

[12:58:16] masif1 : 2nd target is getting close

[13:09:58] Stalion : so, remember guys, as our first target have been hit, we place our stop loss at our initial entry point and let d rest of the lots run on our second target..that way, we lock in profits on our first target and worse case scenario, we breakeven if our 2nd

[13:14:41] Stalion : target doesnt get hit

[13:14:44] fxjedi : very smart move, stallion

[13:21:33] Stalion : eugen, since the first target has been hit, we put our stop loss at our initial entry point so as to breakeven, IF price doesnt get to our 2nd target point...its jus a way traders insure against going back to losses when they are in profits...anything can

[13:22:22] eugen3000 : yes i understand, i just asked, because you said before this: [10:50:31] Stalion : we take the rest minilot on the 2nd target...move stop loss 20 pips above initial stop loss

[13:25:03] Stalion : happen, u know...we've all experienced where we see our paper profits going higher but price retraces and eats up those potential profits...thats why we lock in at our initial entry point..

[13:29:03] Stalion : of course...that was based on the prevailing market conditions as at then...

[13:38:01] albashir : hello room

[13:38:28] albashir : wats on the market for today

[13:40:23] fxjedi : i think stallion was saying first step was to go up 20 pips above sl, then second step to cover stop loss at inital entry point.,

[13:44:04] albashir : wats the entry point or was he talking on news entry or making use of some indicators??

[13:44:36] albashir :

[13:45:32] albashir : ..jedi, u still dey?

[13:48:57] anddy26 : good day folks...do you have a fixed set of pairs you deal with or just the ones that show the signals

[13:49:54] Stalion : hi albashir, anddy26...

[13:50:26] Stalion : Not predefining your risk, not cutting your losses, or not systematically

[13:50:49] Stalion : taking profits are three of the most common—and usually the

[13:50:54] albashir : hey, Baba... isaw u were away then logged off... was just asking wat the info for today is all about

[13:51:01] Stalion : most costly—trading errors you can make

[13:51:52] albashir : ok... got it & noted!

[13:53:28] r2r : usd/cad beginning to take off like u said Stalion

[13:53:41] anddy26 : hi stallion Masif has told me to check you guys out..ur doing better than our system.lol..we we trade EOD usualy

[13:54:48] albashir : r2r, wats d info on UCAD

[13:56:40] albashir : Stalion wats d trading plan on UCAD

[13:57:07] r2r : scroll up and read

[14:00:04] Stalion : [11:29:54] Stalion : on the USDCAD, at 1.0648, we would likely see price going up to 1.0695 first...then to 1.0714

[14:03:32] r2r : usd/cad chart is sooo messy I dont know how u can read it Stalion

[14:23:46] r2r : price rejection in usd/cad

[14:25:44] Stalion : yes...dats the news dats about to come off the US....seems its negative for usd....so we hold off our buy on the usdcad for now,

[14:28:07] r2r : but the news isnt out yet!

[14:28:27] r2r : are these the ppl in the know moving the price?

[14:36:06] albashir : Stalion does tis mean we close our position on ucad?

[14:38:39] Stalion : from what we could deduce from the news, looks like the PPI was higher than expectations, so its favourable to the dollar

[14:39:10] albashir : so .....

[14:39:21] tundope : yeah u got dat rite

[14:39:34] tundope : its dollar buying time

[14:40:03] Stalion : so we are seeing the dollar going up, while gbpusd is going down due to news

[14:41:43] masif1 : we got dtopped out on the gbp/usd

[14:41:50] masif1 : stopped

[14:42:09] masif1 : therefore we broke even

[14:45:29] Stalion : yep....breakeven on the gbpusd with a first target haul of 47 pips...

[15:01:34] Stalion : usdcad is now going our way

[15:13:51] tundope : 50 pips left to go on the usd cad target

[15:22:49] Stalion : remember guys, in trading, u dont need to go for the home run or risk all in just a single trade...chances are you might be right or wrong...a 40 pip sl,depending on ur equity, gives price some wiggle room to move and confirm whether we r right or wrong..

[15:24:44] r2r : Stalion is it worth looking at usd/jpy 1hr double bottom ?

[15:30:04] Stalion : yep...nothing bad in dat....looks like the usd pairs are in a range...market is busy digesting the news,u know...technical analysiswise, usd pairs are supposed to go down, while pairs like gbpusd are supposed to go up in the short term..but d surprise

[15:32:00] Stalion : favourable news from the US have brought in a state of indecision..so, who would win the fight? technical analysts or news traders? personally, its the camp that puts in the biggest funds to support their bias that is going to win

[15:40:36] albashir : got stopd out

[15:41:13] albashir : on ucad.....fx is not 100%...

[15:41:34] Stalion : 1.8693 next target

[15:42:39] albashir : Stalion wat pair is this?

[15:43:11] Stalion : how come, albashir, u got stopped out on usdcad...?

[15:43:12] Stalion : Stalion : on the USDCAD, at 1.0648, we would likely see price going up to 1.0695

[15:43:36] Stalion : first...then to 1.0714

[15:44:09] Stalion : if u used a 40pip stop loss, ur risk would've been like 1.0608

[15:44:31] Stalion : price is still at1.0642 on the usdcad right now...am i right?

[15:46:03] Stalion : or where did u enter on the usdcad?

[15:48:14] albashir : I actuall entered @ 1.0667 and had 30pips sl

[15:49:30] albashir : I came in late...

[15:50:08] albashir : well lost some $90...

[15:50:36] Stalion : that means u didnt follow d call and did opposite of what was given out on the chatroom..well, u u cant blame anyone for dat, my friend..

[15:51:36] r2r : nice call on nzd/usd tundope

[15:52:17] Stalion : price on the usdcad is now at 1.0655...7 pips higher dan our initial trade call...

[15:52:19] albashir : i take the blame i came in late and saw a buy order...( I think) & dats wat I did...

[15:52:24] r2r : how man currency pairs do u follow?

[15:52:34] r2r : many

[15:57:13] Stalion : for today,just two....gbpusd and usdcad...we've already made 47 pips off our 1st target for cable...before breaking even on d 2nd target point...looking at usdcad to give us the next set of pips...also keepin an eye on cable to see if it would breach 2nd

[15:59:16] Stalion : target....it looks like cable and usdcad are trading opposite each other...one goes up, d other tends to go down..

[16:07:46] Stalion : PPI release was higher than expectations,quite favourable to the dollar

[16:08:39] Stalion : 15 pip profit on the usdcad

[16:09:38] Stalion : trying to break above d 1.0663-7 resistance barrier..

[16:12:05] Stalion : if it does, then up we go for almost another 47 pips on 1st target

[16:35:45] Stalion : usdcad is not behaving the way its supposed to...so we cut it off at breakeven

[16:35:57] Stalion : 1.0648...

[16:37:13] Stalion : so anyone that is on that usdcad trade could let it off...our 47 pips on cable should be quite enough for today...

[16:38:33] r2r : good call

[16:41:41] Stalion : thanx,r2r....lets not forget that cable might still go up to a target of 1.8693...so lets take note and keep our fingers crossed,shall we?

[17:03:37] eugen3000 : thnx stalion, and see you tommorow

[17:10:47] r2r : thanks Stalion, cable moving up - fingers crossed

[mystikal]

Helloo fellow traders,
First I'd like to congratulate the Nigerian Olympic Dream Team IV for qualifying for the Finals of the Soccer Championship.

May the best team win..

[09:27:45] Stalion : we sell gbpusd at 1.8613, 1st target point @ 1.8593, 2nd target point @ 1.8555, 40 pip stop loss away .

[10:28:35] eugen3000 : what i learned or still try to learn is, to be patience and trade my plan with patience

[10:29:13] caprica1 : yeah I think thats the key phrase right there eugen3000. Patience. Ii believe it's a virtue. lol

[10:30:07] r2r : MPC minutes out v soon cud b some volatility

[10:30:30] r2r : woah

[10:31:24] caprica1 : jeez, thats just taken a massive jump!

[10:31:38] Stalion : price is moving like a schizophrenic....

[10:32:17] caprica1 : lol. Hats one way to put it.

[10:32:20] fxjedi : hi all

[10:32:59] Stalion : did i miss out any alerts?

[10:33:54] Stalion : hi jedi.....

[10:34:13] caprica1 : r2r just mentioned the imminent MPC minutes

[10:34:54] Stalion : ohh, maybe dats the cause of markets manic depression...

[10:37:41] r2r : down dooby doo down down

[10:37:52] boludotun : lol

[10:38:09] Stalion : if price goes back down our first target point, we lock in profits by moving sl to initial entry point this

time around...just to play safe, if u know what I mean...

[10:46:21] paulsimon : GBP/USD: Knee-Jerk Lift after Another Three-Way MPC Vote Split London, August 20. Cable

ran into resistance ahead of 1.8640 (today"s Asian session base) after eliciting a knee-jerk boost from the BoE MPC

minutes disclosure that Tim Besley voted for a 25bp

[10:46:38] tundope : hey

[10:47:02] paulsimon : 1.8588 was the pre-MPC minutes release low. Bids are tipped at 1.8585, with sell stops tipped

below 1.8573 (yesterday"s NY session base), with further buy interest then noted at 1.8540 (yesterday"s low was

1.8538). Additional sell stops reportedly reside

[10:47:11] paulsimon : sub-1.8500 (1.8510 was last Friday"s 25-month low).

[10:48:31] Stalion : we are being swamped by news everywhere...how the market decides to react to it is quite another

thing altogether...

[10:49:07] russy : hmmm we had some conflicts from uk

[10:51:37] tundope : this week has been too dull in the markets, not much volatility

[10:51:52] fxjedi : perhaps we also check on usdcad,news also cominh from there

[10:53:13] paulsimon : i am also waiting for the cad news rls.. i have a cad/jpy trade open currently at -65 pips

[10:54:25] fxjedi : geez,

[10:55:36] caprica1 : its just hit 1st target again.



[10:56:24] Stalion : looks like gbpusd is now seeing things our way...

[10:58:10] fxjedi : its stalling,stallion

[10:58:31] r2r : patience

[10:59:04] eugen3000 : move sl to initial entry right?

[11:00:22] Stalion : lets see it get to 1.8588 first

[11:01:15] Stalion : den sl to entry to lock in 20 pips profits....anything price wants to do after dat is its own lookout

[11:03:14] Stalion : the thing is, am looking to nick just 20 pips first...den breakeven if price doesnt go our way

eventually...wouldnt want us out of the trade prematurely...is dat greedy, guys?

[11:03:50] tundope : defl'y not

[11:03:58] boludotun : nope

[11:04:28] paulsimon : stallion, i dont understand how u mean move SL to entry to lock 20 pips.. i mean if the price

moves back to entry , we would be stopped out and have nothing right..

[11:04:58] fxjedi : greed is good

[11:05:52] eugen3000 : so your sl is still at 1.8653?

[11:07:03] Stalion : well, paul, before moving sl to entry, price would've been like 20 pips ahead in our favour....as price

already moved 20 pips ahead, dat is wen we place in our sl to entry point to lock in dat 20 pips

[11:07:45] paulsimon : oh ok..

[11:07:53] paulsimon : now i got it ..

[11:09:07] tundope : no event risk left for today in g/u so technicals will direct price action

[11:18:59] caprica1 : I think I might have done it wrong then Stalion. I haven't taken any profit out of the market yet, and

Ii adjusted my S/L to entry. I only have 1 order open.

[11:19:03] paulsimon : just sell half

[11:19:32] Stalion : sorry, jus do wat paul says....

[11:19:44] paulsimon : i just did tat now..

[11:20:40] caprica1 : how do I sell just half?

[11:20:56] paulsimon : click close and then select how much u want to sell

[11:21:15] fxjedi : lol,dis is a real practical forex class:lol!:

[11:21:38] paulsimon : for example, if u bought 100 lots, click close and then select 50 lots and sell

[11:23:55] caprica1 : so if my lot size was .10 for example, I WOuld close half that size?

[11:24:26] paulsimon : hmm, my broker allows me to sell only in multiples of 10

[11:30:54] paulsimon : by the way our trade seems to be going very well

[11:31:54] fxjedi : 20 pips to go for our seconds target

[11:46:05] paulsimon : the stallion has just left the stable

[11:46:29] Stalion : not yet,,mon ami

[11:46:38] Stalion : am enjoyin ur conversations...

[11:46:57] Stalion : brb in 10 mins

[11:47:01] paulsimon : aww, the silent listener to every conversation

[11:47:05] paulsimon : am just shooting my mouth off..

[11:48:46] boludotun : our trade is going our way

[11:50:38] caprica1 : well it's a medium term goal to get to that level. If can make £1000GBP per month that would

cover my wage. Then I could start to think about things.

[11:50:43] paulsimon : all the best..

[11:50:51] paulsimon : the coutndown begins

[11:51:12] caprica1 : My hours are bad at the moment though. 11:30a.m to 8:00p.m

[11:51:46] caprica1 : 2nd target hit. Whoo Hoo.

[11:52:07] boludotun : whoa

[11:52:31] paulsimon : congrats guys..

[11:52:43] tundope : cool money made to the bank

[11:52:49] paulsimon : congrats stallion.. god speed

[11:52:59] caprica1 : nice one Stalion. Youda man.

[11:53:11] boludotun : the Panther has gotten its prey..lol

[11:53:39] tundope : u only become confident with your trades after some yrs of experience

[11:53:53] tundope : dats wut stal has developed

[11:54:34] boludotun : im lacking in that part -experience

[11:54:44] boludotun : but with time'

[11:55:22] r2r : well done Stalion again

[11:56:39] Stalion : 58 pips,$58 minilot,$580 standard lots in less than 3 hours...

[11:57:12] Stalion : we did a gud job,guys

[11:57:13] tundope : yeah sure

[11:57:33] eugen3000 : super job Stalion

[11:59:28] caprica1 : certainly echo that coment. Ice job stalion.

[12:02:07] caprica1 : I'll have to see what happens the rest of the day now, or see if I can get in again before I go to

work tomorrow.

[12:12:55] Stalion : hope our 58 pips was enough for us?

[12:13:18] tundope : no

[12:13:29] tundope : we want mmore

[12:14:26] Stalion : lol....Oliver Twist wants some more....

[12:14:56] Stalion : abi u think say na Olympic Dream Team wey give Belgium 4-0?

[12:15:00] paulsimon : and we all know how tat turned out

[mystikal]

[01:27:45] Stalion : Hi folks..

[01:29:35] Stalion :Hope you all had some nice pips yesterday...As at Wednesday (3 days) into the 1 week free signals

service, we've made more than 308 pips on our live trades..and we are looking to make more..

[01:30:02] Stalion: We are seeing a 1-2-3 bottom on the gbpusd, so we put BUY STOP @ 1.8645, target @ 1.8695,

with a 40 pip stop loss away...



[01:31:48] Stalion: 45 pips live money is at stake here, my friends, so lets keep our fingers crossed,shall we

[01:45:01] Stalion:;hi n3sve1k4s

[02:05:14] Stalion:we could also see put a sell stop on GBPCHF @ 2.0440, target point @ 2.0406, stop loss 40 pips

ahead...

[08:37:08] r2r : mad moves this morn

[mystikal]

[00:28:01] masif1 : hi eugen

[08:04:58] bros1234 : morning everyone

[08:49:35] eugen3000 : morning bros1234

[08:51:12] bros1234 : hi

[08:58:27] bros1234 : gr8 day for traders

[08:59:00] eugen3000 : why its freaky friday :-)

[08:59:31] bros1234 : yep

[08:59:37] bros1234 : but somthin wiill soon happen

[09:00:15] eugen3000 : what do you mean by somethin?

[09:02:08] bros1234 : i believe its an upday

[09:10:58] r2r : morn all

[09:15:34] eugen3000 : morning

[09:19:26] Stalion : Helloo everyone

[09:19:52] eugen3000 : hi Stal

[09:21:03] Stalion : hope you'all had a good nite sleep yesterday....

[09:21:45] Stalion : hi eugen....another trading day starts...

[09:22:28] eugen3000 : yeap

[09:22:55] paulsimon : hey stallion.. good news from my side.. my cad/jpy is +40 pips right now

[09:22:59] eugen3000 : i hope paul you didnt close your cad/jpy trade

[09:23:14] eugen3000 : +40 great, congrats bro

[09:24:50] paulsimon : should i stop the trade or will it get better

[09:25:08] paulsimon : my internet connection is sucky , getting cut off badly.

[09:25:39] Stalion : told u u should be patient and wait for price to reverse around dat 0.7093 region

[09:25:58] paulsimon : i listened to ur advice stallion and i waited it out..

[09:26:31] Stalion : so, we put sell stop on gbpusd @ 1.8730, target @ 1.8700

[09:26:44] Stalion : jus to whet our appetite dis morning...

[09:26:50] paulsimon : now what do u think is the next course of action.. oil and gold seem to be rebounding so i think i

should hold it for a lil while longer at least to do justice to my stop loss

[09:27:35] paulsimon : what is the stop loss for the gbp usd trade

[09:30:19] paulsimon : damn i missed the window of opportunity

[09:30:50] eugen3000 : me too, maybe it will comeback to 30?!? we will see

[09:31:10] Stalion : 30 pips away...1;1 risk to reward ratio

[09:32:21] masif1 : we missed the opportunity but it hasn't hit it's target yet

[09:36:39] Stalion : dats intraday trading for you, fellas....gotta be real fast to

[09:37:44] paulsimon : true.. just lost 30 pips.. target almost hit

[09:38:05] eugen3000 : damn my price was just one pip under our limit, grr ;-)

[09:38:59] paulsimon : i scalped 6 pips during the spike down

[09:39:50] r2r : morn Stalion and all

[09:40:10] r2r : lets hope cable carries on going down

[09:40:26] masif1 : morning r2r

[09:40:33] masif1 : do u think so?

[09:41:07] masif1 : i was hoping cable is a long now for the next few weeks?

[09:42:52] r2r : down just for this morning

[09:43:05] r2r : so i can make some pips

[09:44:01] Stalion : 2nd target 1.8679

[09:44:24] Stalion : just put a 15 pip trailing stop loss and lets watch price do its job...we follow it wherever it wants to

go,guys

[09:44:26] r2r : hey Stalion is there a 123 on usdcad?

[09:44:31] Stalion : morning, r2r

[09:44:52] Stalion : 2nd target at 1.8679 about to hit...

[09:44:56] paulsimon : 2nd target hit!

[09:45:13] Stalion : MAMA MIA!!!!!

[09:45:25] r2r : yeah!!!!!!

[09:46:06] Stalion : SANTA MARIA!!!!!!!!

[09:46:32] r2r : lol!!!!!!!



[09:46:39] r2r : usdcad long pending 10456

[09:46:43] paulsimon : did anyone other than stallion enter these trades..

[09:46:44] paulsimon : ccongrats guys

[09:47:21] r2r : lost 20 pips going long cable, then shorted at 739

[09:48:32] eugen3000 : no, my price didnt go to 30 after trade call, damn, i love trading, hihi

[09:49:14] r2r : lost pips trying to long eurusd so overall just above breakeven

[09:49:21] paulsimon : then u must have made 50 pips

[09:50:09] paulsimon : then u must have made 50 pips

[09:52:16] Stalion : more dan 50 pips....added 3 minilots to it...

[09:53:29] Stalion : so, lets see if price would reverse and go up...

[09:53:57] r2r : gdp in 35 mins

[09:55:55] Stalion : we put a buy stop stop @ 1.8688, target @ 1.8722....

[09:56:04] Stalion : wats d expectations?

[10:29:31] Stalion : hi paul, did u add the pip spread to the cable's buy order?

[10:31:04] Stalion : move out,paul....its not working

[10:31:38] r2r : gdp was 0% expected 0.1%

[10:32:05] takbal : GDP pushed it down

[10:32:26] r2r : how does usdcad look Stalion?

[10:34:11] masif1 : stalion are we still on for the "we put a buy stop stop @ 1.8688, target @ 1.8722...."

[10:35:34] Stalion : yea....leave the pending order as it is...remember, add ur 4 pips to 1.8688

[10:36:02] Stalion : usdcad looks like stale beer

[10:36:58] Stalion : usdchf looks more bubbly

[10:37:43] Stalion : but since d dollar pairs are showing bullish signs of going up, looks like cable is looking to go down

[10:38:32] Stalion : dats where pendening orders come in...to confirm bullish or bearish bias

[10:39:50] takbal : do you have any ideas where the fall may stop?

[10:41:20] Stalion : 1.8598

[10:42:29] masif1 : yep cable down down down

[10:43:00] takbal : thanks! hit it now - I am stopping shorting cable now...

[10:43:36] bros1234 : i thnk thats where it will stop

[10:43:48] Stalion : in a way, i woudnt want it to stop...because the trailing stop of 15 pips put in earlier has not been cut

off yet...so,technically, am still on the trade...though with just 1 minilot now...creamed off 2 minilots earlier

[10:44:02] bros1234 : 18541

[10:44:41] Stalion : wait,takbal...not soo fast....allow the market to do what it wants...ur job is to profit from it..

[10:45:37] takbal : how did you derive these numbers? I usually have no idea what is a reasonable target

[10:47:09] takbal : I just simply follow the graph and if it looks reversing then I get out

[10:48:19] Stalion : dere's more to trading dan simply following graphs, takbal..

[10:50:36] tundope : hi all

[10:50:56] Stalion : helloo tundope

[10:51:32] albashir : good all...i guess i'm early today...did miss anything yet, bros,bolu', r2r,tabal & STAL...

[10:51:43] takbal : hi

[10:52:04] Stalion : u missed almost 208 pips this morning, man..

[10:52:16] tundope : av u made a call yet stal?

[10:52:21] Stalion : [09:26:31] Stalion : so, we put sell stop on gbpusd @ 1.8730, target @ 1.8700

[10:55:19] klho83 : I missed dat too!

[10:59:37] masif1 : tundope - i missed that alert as well :-(

[11:00:42] tundope : too bad 135 dollars would have made me go to bed by now

[11:01:33] Stalion : gbpusd still going down....damn...shudnt have taken off half profit from my remaining minilot

[11:01:33] tundope : but usd/jpy looks very inviting to me this morning

[11:01:52] tundope : i'm looking to sell at current price for 100 pips

[11:04:43] Stalion : next target for gbpusd is likely to be 1.8522 on the short side...

[mystikal]

Morning, folks,
Just want to congratulate the Nigerian Olympic Dream Team IV for their successful outing in the Soccer Championship and winning the Silver Medal this morning.
Also for the Argentinians that came out tops in the Soccer Fiesta. The best team won. We thank God and give glory to Him for everything..

[media]http://sports.yahoo.com/olympics/beijing/soccer/news;_ylt=AubKUk0UAPhWtFQzRUbvBNTFKZt4?slug=ap-soc-nige[/media]

ria-argentina&prov=ap&type=lgns.

Someone made a crack that we should've played Reggae music (or is it Fuji?) during the match, like the Jamaicans did Usain Bolt, for athletic inspiration. Lol..

[media]http://sports.yahoo.com/olympics/beijing/track_field/news?slug=ro-bolt082208&prov=yhoo&type=lgns[/media]

Anyways, down to trading. If you checked the previous chart, you would probably observe that 3rd target @ 1.8522

havent yet been filled as at the time of posting yesterday. There was a space below, waiting to be filled at the bottom of

the chart.

Originally posted by forexgreenland:
[QB] [11:04:43] Stalion : next target for gbpusd is likely to be 1.8522 on the short side... [/QB]

An hour later after the initial post, we saw price on cable(GBPUSD) tumbling down like a waterfall to get to our

destination.

.

We had a profitable week on our live calls in which approximately 500 pips,$500 minilot,$5000 standard lot was made on the average.

No gimmicks...
No lyrics..
No Nigerian magic..

Just the art and science of trading at its best.

We also want to thank Alpari and others for being fair and honest brokers,no hunting of stops during live trading sessions.We hope these ethical practice continues so as to restore confidence in the forex industry and show traders and the public,especially my Nigerian folks, that money can indeed be made consistently in this frontier.

Have a great weekend!
Stallion

[mystikal]

Hi Folks,
We thank God for seeing us through another week and bringing us to a brand new week.More profits ahead,fellas.

Originally Posted by TheRumpledOne

I think I understand

My question is that your numbers always have a 1.5 : 1 risk/reward ratio but in your posts you talk about 2.5 : 1, can you

elaborate?

Hi, The RumpledOne,
It seems I've been misquoted in a way...from what can be remembered,I'm not sure we talk about 2.5 :1 ratio in my

posts, just a 1:1 and 2:1 risk reward ratio.Maybe you could check again and help bring that quote for us to see. But in

actual fact, I'm trying to write on Risk Management(including Risk to Reward Ratios) in my subsequent posts.
Stay tuned, mon ami.

Originally Posted by TheRumpledOne

Now, I am not clear that I fully understand.

Neither do I ,mon ami...Seems you are about to RUMPLE UP my brain cells, RUMPLED ONE...lol...

Anyways, from what I can see, you are using SUPPORT AND RESISTANCE (or is PIVOT POINTS?) on the 15min

GBPUSD chart. But at the point where you( or the robot) wrote ''1.8681..go Long) was quite erroneous because you

would have lost close to 81 pips if the trade was triggered at that region.
The long bearish red candle have broken below the 1.861 support and the greenish bullish candle next to it closed below

the low of the previous bearish red candle. So there was no reason, technical analysiswise, to go long at that

region,RUMPLED ONE.

At the point where you (or the robot) wrote ''1.8607 SUPPORT'', the long red bearish candlebar has already broken it,

turning SUPPORT TO RESISTANCE at that point. And if you could observe, price did not in any way CLOSE above

''1.8607 SUP'' line to warrant a decision to buy or go long at that point. That point was then a RESISTANCE POINT

like a ceiling above. What would have being on our mind during price action was to SELL...GO SHORT. And you

would have made up to 81 pips from that bearish bias.

I sure hope you didnt take that long trade that was shown on that chart, RUMPLED ONE. If it were an Expert

Advisor(robot) that triggered it, it wouldnt have been funny,my friend, cos of the losses that might have been incurred.

I want to give thanks to Steve Nison for bringing the ''CANDLESTICK PATTERN'' to the Western Hemisphere from

the East (Japan). And I recommend the book for anyone serious in making money from trading.

Please feel free to ask any questions or make comments.
Thanks...
Stallion..

[mystikal]

[01:55:10] Stalion : hi everyone

[01:57:27] fxjedi : hi stal

[01:58:40] Stalion : In the meantime, we've already sold EURJPY early this morning, @ 162.38, waiting for it to get to a target of 97 pips @ 161.41. You can enter at current market price

[mystikal]

[01:55:10] Stalion : hi everyone

[01:57:27] fxjedi : hi stal

[01:58:40] Stalion : In the meantime, we've already sold EURJPY early this morning, @ 162.38, waiting for it to get to a

target of 97 pips @ 161.41. You can enter at current market price

[08:57:13] teressa : hello and thanks stallion

[08:57:22] teressa : it would be my first week

[08:57:27] Stalion : price is at 161.94 right now...

[09:17:21] bros1234 : Stallion how are u dong man

[09:17:59] bros1234 : i heard a rumor that u want to render ur broker bankrupt

[09:19:23] eugen3000 : hi Stalion

[09:19:51] Stalion : its not my fault,bros

[09:20:30] Stalion : blame it on the skills

[09:20:44] Stalion :

[09:21:26] bros1234 : i also heard they have conspired against u so i organised a 120 days fasting for u

[09:21:53] Stalion :

[09:21:57] bros1234 : do u mind

[09:22:26] Stalion : take it easy, man....dont overdo it oo

[09:22:57] Stalion : thanx for gesture....anytime..

[09:23:09] bros1234 :

[09:23:29] bros1234 : stal hows cable doing

[09:26:16] Stalion : no probs....

[09:26:17] bros1234 : i lke to have fun

[09:28:52] Stalion : dont know why Alpari is freezing all of a sudden....wats the current market price at ur end,guys?

[09:30:03] bros1234 : 16202 for ej

[09:30:12] maxcruiver : 162.02

[09:30:16] maxcruiver : EURJPY?

[09:30:53] Stalion : yea...

[09:31:53] Stalion : since posting out the wildly successful alerts of last week, av become more cautious and wary...

[09:32:07] bros1234 : LOW volume today

[09:32:29] bros1234 : Summer Bank Holiday in UK

[09:32:34] Stalion : av been getting this freezing of platform at alpari ever since i put in this EURJPY trade dis morn..so

[09:33:23] bros1234 : alpari is inUk

[09:33:27] Stalion : yep....but dat doesnt stop traders from trading....at least, the ones in the US are already up shoving

orders all over the place...

[09:34:03] bros1234 : during Holdays brokers normally have prce gaps

[09:34:38] bros1234 : location can matter n such times

[09:35:05] Stalion : dats why i neglected gbpusd this morning...it looked to slow,with the bank holidays and all...

[09:36:00] bros1234 : low volume generally this morn

[09:36:24] bros1234 : i think the newyork dogs wiill put some force later

[09:51:02] fxjedi : hi all,

[09:56:59] fxjedi : i've entered the eurjpy trade as soon as i got your post,stal,

[10:03:16] fxjedi : Labor Day typically marks the end of a late-summer lull on Wall Street. This year, investment bankers

are beginning to worry that they will return from the Hamptons to find they have even more time to spend with their

families.Senior bankers warn that

[10:03:33] fxjedi : after a tough first half, the outlook has deteriorated further. Does the grim forecast mean that the

long-rumored consolidation in investment banking wil