Forex Chart Pattern Recognition technique on the Breakout System
- Thread starter mystikal
- Start date
Consolidations
Lol....masif, you are one cheerful bloke that I admire...care for a pint o' ginger
ale?..some trader just emailed now, saying he's afraid of pulling the trigger coz he feels
the target might be too high...so I redid my calculations and adjusted our first target
point to 1.9436....
hey,forexgump,hope you are now able to take the trade since its adjusted...1st target point
would now be 1.9436...
Lol....like I said...Dont Try This At Home...
Hi Onwukarisa,
A consolidation is a congestion area that follows a strong trend, either up or down. In a
rising market, a consolidation represents a temporary battle between buyers and sellers
prior to the resumption of the uptrend.
In declining markets, a consolidation is followed by a resumption of falling prices.
A consolidation pattern is a price pattern in which prices trade in a sideways range prior
to resuming the prevailing trend.
Occasionally, reactions within a trend develop as a sideways movement where price
experiences a TRADING RANGE.
In A,it is consolidating gains during the ranging action
In B, it is digesting losses..
These TRADING RANGES are also known as lines or consolidation, as originally termed in Dow
Theory.Whenver the price experiences a breakout from a trading, such as these, it has the
same effect as if the range was a rally (rise) or reaction.This means that it is possible
for a breakout from a trading range to act either as buy or sell signal, as in, B and c
c=
Hope you now understand...
Responses to the next questions would be made as soon as possible...
Happy Pipping..
Nice Nice Chiken and Rice,
triggered and going in the right direction
Lol....masif, you are one cheerful bloke that I admire...care for a pint o' ginger
ale?..some trader just emailed now, saying he's afraid of pulling the trigger coz he feels
the target might be too high...so I redid my calculations and adjusted our first target
point to 1.9436....
hey,forexgump,hope you are now able to take the trade since its adjusted...1st target point
would now be 1.9436...
Lol....like I said...Dont Try This At Home...
Hi Onwukarisa,
A consolidation is a congestion area that follows a strong trend, either up or down. In a
rising market, a consolidation represents a temporary battle between buyers and sellers
prior to the resumption of the uptrend.
In declining markets, a consolidation is followed by a resumption of falling prices.
A consolidation pattern is a price pattern in which prices trade in a sideways range prior
to resuming the prevailing trend.
Occasionally, reactions within a trend develop as a sideways movement where price
experiences a TRADING RANGE.
In A,it is consolidating gains during the ranging action
In B, it is digesting losses..
These TRADING RANGES are also known as lines or consolidation, as originally termed in Dow
Theory.Whenver the price experiences a breakout from a trading, such as these, it has the
same effect as if the range was a rally (rise) or reaction.This means that it is possible
for a breakout from a trading range to act either as buy or sell signal, as in, B and c
c=
Hope you now understand...
Responses to the next questions would be made as soon as possible...
Happy Pipping..
Originally posted by forexgreenland:
[QB]Nice Nice Chiken and Rice,
triggered and going in the right direction
Lol....masif, you are one cheerful bloke that I admire...care for a pint o' ginger
ale?..some trader just emailed now, saying he's afraid of pulling the trigger coz he feels
the target might be too high...so I redid my calculations and adjusted our first target
point to 1.9436....
hey,forexgump,hope you are now able to take the trade since its adjusted...1st target point
would now be 1.9436...
Lol....like I said...Dont Try This At Home...
[/QB]
69 pips,$69 minilot,$690 standard lot made on the GBPUSD at our first target which was hit!in less than 24hrs after posting! If traders in the forum are okay with nicking the 69 pips, they can close for the day and say 'Aloha!'like forexgump..
If you still care to continue with our 2nd and third targets,its up to you..To be on the prudent side, use just 1 minilot to take it up.
Originally posted by forexgreenland:
[QB]Sorry, Rizla, I mean, Whistler,I see you've been using fibonacci retracements...Originally posted by whistler:
[qb][/qb]
if you'd use your buy windows, you would have gone with the trend and taken a profit target at 170...instead of having a loss of -81 pips.
At 168.97 as at the time of my writing(5p.m New York Time), I think we still have like 103 pips to go..yumm yumm....
Please remember thats just my personal opinion...Anything can still happen...like going back down to 168.38 on the 15 minute chart.. [/QB]
Our 15 min chart got to 168.38 as mentioned last nite..Please remember prices get fulfilled faster on the 15 minute charts(lower term charts) while charts from the hourly, 3 to 4 hourly,daily and weekly term charts take more time to get fulfilled. Just like life..the MICROCOSM within the MACROCOSM.
A total of 173 pips haulage was made in the last 72hrs after my intial call. Cable was dropping it like its hot...dropping pips after pips, after pips..
Tsk, tsk, tsk...Like Master Jesus said''O Ye of little faith''..We need to believe more in ourselves and have the confidence to go along with our trading decisions. Your 69 pips was okay, masif...dont be too greedy...173 pips in less than 3 days might not sound too high but we can live with it,right?
where to look and HOW to take advantage of it. Like a Panther, each single move is an accumulation of years of trading experience in which the movement of the 'herd' is already known, to a considerable extent.Timing is everything when you strike.
This is the time for anyone to enter trading, AFTER the proper training. The time when it defies most usual expectations is during NOVEMBER and DECEMBER periods(end-of-year trading), where the big dogs(banks/institutional traders) are jostling for positions. That is when its prudent to take a break from trading.Lots of whipsaws and tearing of stops.
Kuala Lumpur is a very expensive city, just like Lagos, Nigeria.But no refugees here nor
earthquakes. We thank God for everything.
Hi JV,sorry gbpusd has already hit before I could reply...Yes, I used the original T1 and T2 for T2 and T3, SINCE 1.9436 became our first target point.
Cairo, Egypt was okay...quite hot and exotic like the Meditterenean...but since I went there for a traders' exposition, I wasnt really able to soak up the sights and sounds of the Land of the Pharoahs.Maybe next time,I will....
Alas, Brian,no indicators or settings available like mechanical trading. The CHART PATTERN
PROJECTION STRATEGY is a DISCRETIONARY system in which you trade direct from the charts.Actually,most times, MACD is just for fancy.
Like Jesse Livermore, in Reminisces of a Stock Operator,he and other top traders dont use
settings or indicators for they take trading decisions directly from the board ''tick''.Computers, settings or indicators dont even exist during the 1920's but they still made from from the stock markets.
If anyone wants a copy of the cutting edge ebook ,along with ''Trading in the Zone'', please
send an email to stalion@forexgreenland.com or stalionstable@yahoo.com.
Have a happy weekend.
Tsk, tsk, tsk...Like Master Jesus said''O Ye of little faith''..We need to believe more in ourselves and have the confidence to go along with our trading decisions. Your 69 pips was okay, masif...dont be too greedy...173 pips in less than 3 days might not sound too high but we can live with it,right?
Yeah,batangas...cable and other currency pairs are behaving nicely this time, IF you know
where to look and HOW to take advantage of it. Like a Panther, each single move is an accumulation of years of trading experience in which the movement of the 'herd' is already known, to a considerable extent.Timing is everything when you strike.
This is the time for anyone to enter trading, AFTER the proper training. The time when it defies most usual expectations is during NOVEMBER and DECEMBER periods(end-of-year trading), where the big dogs(banks/institutional traders) are jostling for positions. That is when its prudent to take a break from trading.Lots of whipsaws and tearing of stops.
Kuala Lumpur is a very expensive city, just like Lagos, Nigeria.But no refugees here nor
earthquakes. We thank God for everything.
Hi JV,sorry gbpusd has already hit before I could reply...Yes, I used the original T1 and T2 for T2 and T3, SINCE 1.9436 became our first target point.
Cairo, Egypt was okay...quite hot and exotic like the Meditterenean...but since I went there for a traders' exposition, I wasnt really able to soak up the sights and sounds of the Land of the Pharoahs.Maybe next time,I will....
Alas, Brian,no indicators or settings available like mechanical trading. The CHART PATTERN
PROJECTION STRATEGY is a DISCRETIONARY system in which you trade direct from the charts.Actually,most times, MACD is just for fancy.
Like Jesse Livermore, in Reminisces of a Stock Operator,he and other top traders dont use
settings or indicators for they take trading decisions directly from the board ''tick''.Computers, settings or indicators dont even exist during the 1920's but they still made from from the stock markets.
If anyone wants a copy of the cutting edge ebook ,along with ''Trading in the Zone'', please
send an email to stalion@forexgreenland.com or stalionstable@yahoo.com.
Have a happy weekend.
2.0194-1.9569=0.0625
1.9510-0.0625=1.8885(target point)
Hi Hina, nice call on the cable... There's a Head and Shoulders pattern on the GBPUSD Weekly
chart, which is giving us a minimum target of 1.8885. We can call it the ''Surgical Dissection Of the Left Shoulder''.
Price might still get way down to your target of 1.8518 since it is a lil below the 60% BUY
WINDOW,technical analysiswise. Remember, since this trade is being taken off the weekly(higher term chart), it is logical that it would take more time to get fulfilled. Next week would unfold the mystery...Lets keep our fingers
crossed,shall we?
This is an excerpt from Trading in the Zone by top trading pyschologist, Mark Schwager, who's one of the best in the business. Most traders might be skeptical about market pyschologists by I still believe they have lots to contribute in the trading pyschology realm. Here are his views:
MARKETS MOST FUNDAMENTAL
CHARACTERISTIC
(IT CAN EXPRESS ITSELF IN AN ALMOST INFINITE
COMBINATION OF WAYS )
The market can do virtually anything at any time. This seems obvious
enough, especially for anybody who has experienced a market that
has displayed erratic and volatile price swings. The problem is that all
of us have the tendency to take this characteristic for granted, in ways
that cause us to make the most fundamental trading errors over and
over again. The fact is that if traders really believed that anything
could happen at any time, there would be considerably fewer losers
and more consistent winners.
How do we know that virtually anything can happen? This fact
is easy to establish. All we have to do is dissect the market into its
component parts and look at how the parts operate. The most fundamental
component of any market is its traders. Individual traders act
as a force on prices, making them move by either bidding a price up
or offering it lower.
Why do traders bid a price up or offer it lower? To answer this
question we have to establish the reasons why people trade. There
are many reasons and purposes behind a person s motivation to trade
in any given market. However, for the purposes of this illustration, we
don't have to know all the underlying reasons that compel any individual
trader to act because ultimately they all boil down to one reason
and one purpose: to make money.
We know this because there are only two things a trader can do (buy and sell) and there are only two possible outcomes for every trade (profit or loss).
Therefore, I think we can safely assume that regardless of one's
reasons for trading, the bottom line is that everyone is looking for the
same outcome: Profits. And there are only two ways to create those
profits: Either buy low and sell high, or sell high and buy low.
If we
assume that everyone wants to make money, then there's only one
reason why any trader would bid a price up to the next highest level:
because he believes he can sell whatever he's buying at a higher price
at some point in the future. The same is true for the trader who's willing
to sell something at a price that is less than the last posted price
(offer a market lower). He does it because he believes he can buy
back whatever he's selling at a lower price at some point in the future.
The underlying dynamics of market behavior are quite simple.
Only three primary forces exist in any market: traders who believe
the price is low, traders who believe the price is high, and traders who
are watching and waiting to make up their minds about whether the
price is low or high.
Technically, the third group constitutes a potential
force. The reasons that support any given traders belief that
something is high or low are usually irrelevant, because most people
who trade act in an undisciplined, unorganized, haphazard, and ran-dom manner. So, their reasons wouldn't necessarily help anyone gain
a better understanding of what is going on.
But, understanding what's going on isn't that difficult, if you
remember that all price movement or lack of movement is a function
of the relative balance or imbalance between two primary forces:
traders who believe the price is going up, and traders who believe the
price is going down. If there's balance between the two groups, prices
will stagnate, because each side will absorb the force of the other
side's actions. If there is an imbalance, prices will move in the direction
of the greater force, or the traders who have the stronger convictions
in their beliefs about in what direction the price is going.
Now, I want you to ask yourself, what's going to stop virtually
anything from happening at any time, other than exchange-imposed
limits on price movement. There's nothing to stop the price of an
issue from going as high or low as whatever some trader in the world
believes is possible—if, of course, the trader is willing to act on that
belief. So the range of the market's behavior in its collective form is
limited only by the most extreme beliefs about what is high and what
is low held by any given individual participating in that market. I
think the implications are self-evident: There can be an extreme
diversity of beliefs present in any given market in any given moment,
making virtually anything possible.
When we look at the market from this perspective, it's easy to
see that every potential trader who is willing to express his belief
about the future becomes a market variable. On a more personal
level, this means that it only takes one other trader, anywhere in the
world, to negate the positive potential of your trade. Put another way,
it takes only one other trader to negate what you believe about what
is high or what is low. That's all, only one!
The point is that from our own individual perspective as
observers of the market, anything can happen, and it takes only one
trader to do it. This is the hard, cold reality of trading that only the very
best traders have embraced and accepted with no internal conflict.
How do I know this? Because only the best traders consistently predefine
their risks before entering a trade. Only the best traders cut
their losses without reservation or hesitation when the market tells
them the trade isn't working. And only the best traders have an organized,
systematic, money-management regimen for taking profits when
the market goes in the direction of their trade.
Not predefining your risk, not cutting your losses, or not systematically
taking profits are three of the most common—and usually the
most costly—trading errors you can make. Only the best traders have
eliminated these errors from their trading. At some point in their
careers, they learned to believe without a shred of doubt that anything
can happen, and to always account for what they don't know, for the
unexpected.
The
typical trader doesn't predefine his risk, cut his losses, or systematically
take profits because the typical trader doesn't believe it's necessary.
The only reason why he would believe it isn't necessary is that
he believes he already knows what's going to happen next, based on
what he perceives is happening in any given "now moment." If he
already knows, then there's really no reason to adhere to these principles.
Believing, assuming, or thinking that "he knows" will be the
cause of virtually eveiy trading error he has the potential to make
(with the exception of those errors that are the result of not believing
that he deserves the money).
What the typical trader doesn't realize is that he needs an inner
mechanism, in the form of some powerful beliefs, that virtually compels
him to perceive the market from a perspective that is always
expanding with greater and greater degrees of clarity, and also compels
him always act appropriately, given the psychological conditions
and the nature of price movement. The most effective and functional
trading belief that he can acquire is "anything can happen."
Last edited:
Dissection of the Right Shoulder
Helloo folks,
From what we could all observe, the ''dissection of the right shoulder'' of the head and
shoulders pattern yielded a bounty of 387 pips,$387 minilot,$3870 standard lot on our weekly
charts. Actually I was expecting someone to correct the first chart all these while since it was the other way round in the description...
Nevertheless, GBPUSD made a good showing this week and kept the pips raining..
Was it a fluke?No...
Was it a scam? No..
African magic? Nope..
Just medium term/position trading with the Chart Pattern projection Strategy...Traders that took the call last week are congratulating each other while clients are smiling the bank.
fROM sATURDAY LAST WEEK TO WEDNESDAY, 387 PIPS!!
NEED I SAY MORE??
Originally posted by forexgreenland:
[QB]
2.0194-1.9569=0.0625
1.9510-0.0625=1.8885(target point)
Hi Hina, nice call on the cable... There's a Head and Shoulders pattern on the GBPUSD Weekly
chart, which is giving us a minimum target of 1.8885.
Price might still get way down to your target of 1.8518 since it is a lil below the 60% BUY
WINDOW,technical analysiswise. Remember, since this trade is being taken off the
weekly(higher term chart), it is logical that it would take more time to get fulfilled. Next
week would unfold the mystery...Lets keep our fingers
crossed,shall we?
[/QB]
Helloo folks,
From what we could all observe, the ''dissection of the right shoulder'' of the head and
shoulders pattern yielded a bounty of 387 pips,$387 minilot,$3870 standard lot on our weekly
charts. Actually I was expecting someone to correct the first chart all these while since it was the other way round in the description...
Nevertheless, GBPUSD made a good showing this week and kept the pips raining..
Was it a fluke?No...
Was it a scam? No..
African magic? Nope..
Just medium term/position trading with the Chart Pattern projection Strategy...Traders that took the call last week are congratulating each other while clients are smiling the bank.
fROM sATURDAY LAST WEEK TO WEDNESDAY, 387 PIPS!!
NEED I SAY MORE??
Conversations With Forexgreenland
[11:41:04] boludotun : hiii everyone
[11:45:57] masif1 : hi
[11:48:42] boludotun : hello masif
[11:51:23] masif1 : hi boludotun
[11:55:35] boludotun : masif?
[11:56:53] r2r : hello everybody
[12:00:04] masif1 : yes
[12:30:16] Stalion : hi masif1...helloo r2r
[12:32:10] r2r : hi stallion
[12:32:35] r2r : cable direction unclear at the moment
[12:35:32] Stalion : yea....going on a head and shoulders pattern on the 15min chart...we could see some bearish action if
price moves out of its range
[12:35:37] r2r : gbp/chf looks good for a long
[12:36:58] r2r : usd/jpy bouncing off Fib for a long
[12:37:06] r2r : eur/usd bouncing off fib for a short
[12:41:04] Stalion : cool
[12:42:40] Stalion : patience is a virtue in forex....the thing is not only knowing when to trade but also, when NOT to put
a trade...
[12:45:30] r2r : knowing when not to trade is what has been killing me in the past
[12:48:33] Stalion : yep....fallin into the risk of overtrading is not a cheap prospect,my man
[12:53:03] r2r : not sure where my entry shoud be for gbp/chf
[12:53:16] r2r : think i'll wait for a pullback
[12:57:30] masif1 : hi
[13:05:51] Stalion : helloo
[13:14:14] Stalion : gbpchf is trying to break the 60% sound barriern of 2.0506, after it does we should be seeing a
reversal down to a 1st target of 2.0456
[13:20:42] masif1 : so gbpchf?
[13:22:51] r2r : hmm well in that case I will watch and wait to see what happens
[13:26:38] Stalion : yes....lets see it move up to 2.0525 first
[13:35:52] masif1 : what is the stop loss for the gbp/chf?
[13:36:41] masif1 : just entered on the demo account gbp/usd
[13:36:56] masif1 : and starting to go into profit ;-)
[13:37:29] masif1 : where should i place the stop loss ofr the gbp/usd?
[13:54:00] Stalion : we are still waiting for authentic signals to be generated by the market, tundope...rather than jumping
in and losing money unnecessarily...lets say we are ''testing the waters'', so to speak...for now, it would only b pending
orders to confirm price bias
[13:55:37] Stalion : so for the gbpusd, we are seeing a head and shoulders pattern on the 15min chart, in which it
portends a bearish downward move..
[13:55:58] tundope : k
[13:58:03] Stalion : gbpchf just breached our high of 2.0525...
[13:59:08] tundope : so u trade gbp/chf, dats too volatile for my liking
[14:01:34] masif1 : hi guys
[14:03:23] masif1 : i acted on the paper trading account for the gbp/chf
[14:05:06] Stalion : here, we wait with patience...besides, mondays are notorious for slow trading
[14:10:30] Stalion : so, for the gbpusd, we put a sell stop @ 1.8650, 1st target @ 1.8601, 2nd target @ 1.8576, stop
loss 40 pips ahead
[14:11:54] r2r : the panther strikes!
[14:14:35] Stalion : not yet, mon ami....until our sell stop gets triggered....
[14:18:41] Stalion : nothing newsworthy dis week, dats why dere's little momentum in the market
[14:21:57] r2r : gbp/chf starting a retrace like you said it would
[14:26:16] Stalion : going down with a vengeance...hope it keeps it up to 2.0456
[14:53:48] r2r : ok gbp/chf rebound. I am inclined to think the downtrend is broken
[16:30:26] masif1 : hi emzee
[17:57:37] masif1 : hi
[18:29:20] Stalion : hi kilo83
[18:32:16] r2r : well stopped out of the cable short
[18:32:28] r2r : wait for the ranging to stop
[18:37:09] Stalion : our gbpchf call went down to 2.0456 after making a high above 2.0225 as predicted...gbpusd wasnt followed up so we scratch dat off...anyone took d gbpchf trade?
[18:39:08] r2r : nope - watching and learning
[18:40:01] Stalion : okay.,....
[18:44:07] Stalion : the 231 pips made from d gbpchf call more than covered up for the cable's 40 pips loss...so 191 pips
net was made...
[18:44:29] r2r : ouch
[18:45:58] r2r : a high above 20525
[18:46:31] Stalion : ??????
[18:46:59] r2r : gbp chf didnt make a high of 20225?
[18:48:03] Stalion : gbpchf made a high of 2.0530 before going down to 2.0225
[18:48:50] Stalion : around 8.45 a.m EST
[18:49:47] r2r : before going down to 20456
[18:49:51] Stalion : what broker are u using, r2r?
[18:50:28] r2r : just spreadbetting
[18:50:31] Stalion : yes....2.0456
[18:50:32] r2r : ig indewx
[18:50:46] r2r : this netted 69 pips
[18:50:57] Stalion : dats nice....
[18:51:27] Stalion :
[18:51:29] r2r : unfortunately i didnt take the sell signal
[19:03:27] Stalion : no probs...tommorrow is another day...
[11:41:04] boludotun : hiii everyone
[11:45:57] masif1 : hi
[11:48:42] boludotun : hello masif
[11:51:23] masif1 : hi boludotun
[11:55:35] boludotun : masif?
[11:56:53] r2r : hello everybody
[12:00:04] masif1 : yes
[12:30:16] Stalion : hi masif1...helloo r2r
[12:32:10] r2r : hi stallion
[12:32:35] r2r : cable direction unclear at the moment
[12:35:32] Stalion : yea....going on a head and shoulders pattern on the 15min chart...we could see some bearish action if
price moves out of its range
[12:35:37] r2r : gbp/chf looks good for a long
[12:36:58] r2r : usd/jpy bouncing off Fib for a long
[12:37:06] r2r : eur/usd bouncing off fib for a short
[12:41:04] Stalion : cool
[12:42:40] Stalion : patience is a virtue in forex....the thing is not only knowing when to trade but also, when NOT to put
a trade...
[12:45:30] r2r : knowing when not to trade is what has been killing me in the past
[12:48:33] Stalion : yep....fallin into the risk of overtrading is not a cheap prospect,my man
[12:53:03] r2r : not sure where my entry shoud be for gbp/chf
[12:53:16] r2r : think i'll wait for a pullback
[12:57:30] masif1 : hi
[13:05:51] Stalion : helloo
[13:14:14] Stalion : gbpchf is trying to break the 60% sound barriern of 2.0506, after it does we should be seeing a
reversal down to a 1st target of 2.0456
[13:20:42] masif1 : so gbpchf?
[13:22:51] r2r : hmm well in that case I will watch and wait to see what happens
[13:26:38] Stalion : yes....lets see it move up to 2.0525 first
[13:35:52] masif1 : what is the stop loss for the gbp/chf?
[13:36:41] masif1 : just entered on the demo account gbp/usd
[13:36:56] masif1 : and starting to go into profit ;-)
[13:37:29] masif1 : where should i place the stop loss ofr the gbp/usd?
[13:54:00] Stalion : we are still waiting for authentic signals to be generated by the market, tundope...rather than jumping
in and losing money unnecessarily...lets say we are ''testing the waters'', so to speak...for now, it would only b pending
orders to confirm price bias
[13:55:37] Stalion : so for the gbpusd, we are seeing a head and shoulders pattern on the 15min chart, in which it
portends a bearish downward move..
[13:55:58] tundope : k
[13:58:03] Stalion : gbpchf just breached our high of 2.0525...
[13:59:08] tundope : so u trade gbp/chf, dats too volatile for my liking
[14:01:34] masif1 : hi guys
[14:03:23] masif1 : i acted on the paper trading account for the gbp/chf
[14:05:06] Stalion : here, we wait with patience...besides, mondays are notorious for slow trading
[14:10:30] Stalion : so, for the gbpusd, we put a sell stop @ 1.8650, 1st target @ 1.8601, 2nd target @ 1.8576, stop
loss 40 pips ahead
[14:11:54] r2r : the panther strikes!
[14:14:35] Stalion : not yet, mon ami....until our sell stop gets triggered....
[14:18:41] Stalion : nothing newsworthy dis week, dats why dere's little momentum in the market
[14:21:57] r2r : gbp/chf starting a retrace like you said it would
[14:26:16] Stalion : going down with a vengeance...hope it keeps it up to 2.0456
[14:53:48] r2r : ok gbp/chf rebound. I am inclined to think the downtrend is broken
[16:30:26] masif1 : hi emzee
[17:57:37] masif1 : hi
[18:29:20] Stalion : hi kilo83
[18:32:16] r2r : well stopped out of the cable short
[18:32:28] r2r : wait for the ranging to stop
[18:37:09] Stalion : our gbpchf call went down to 2.0456 after making a high above 2.0225 as predicted...gbpusd wasnt followed up so we scratch dat off...anyone took d gbpchf trade?
[18:39:08] r2r : nope - watching and learning
[18:40:01] Stalion : okay.,....
[18:44:07] Stalion : the 231 pips made from d gbpchf call more than covered up for the cable's 40 pips loss...so 191 pips
net was made...
[18:44:29] r2r : ouch
[18:45:58] r2r : a high above 20525
[18:46:31] Stalion : ??????
[18:46:59] r2r : gbp chf didnt make a high of 20225?
[18:48:03] Stalion : gbpchf made a high of 2.0530 before going down to 2.0225
[18:48:50] Stalion : around 8.45 a.m EST
[18:49:47] r2r : before going down to 20456
[18:49:51] Stalion : what broker are u using, r2r?
[18:50:28] r2r : just spreadbetting
[18:50:31] Stalion : yes....2.0456
[18:50:32] r2r : ig indewx
[18:50:46] r2r : this netted 69 pips
[18:50:57] Stalion : dats nice....
[18:51:27] Stalion :
[18:51:29] r2r : unfortunately i didnt take the sell signal
[19:03:27] Stalion : no probs...tommorrow is another day...
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