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  1. #21
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    Default The great depression 2

    Quote Originally Posted by fx-liono View Post
    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

    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.




    Quote Originally Posted by jeffsmith View Post
    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.
    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..




    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:

    Review Of Strategic Tips On Forex Signals In Forex Forum

    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.

    ABC News: Will We Be Forced to Work Until Death?

    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 @ 1.4740...1st target @ 1.4765..sl @ 1.4715...

    also a sell stop @ 1.4700..1st target @ 1.4671...2nd target @ 1.4665..50 pips sl

  2. #22
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    Default

    Quote Originally Posted by mystikal View Post

    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



    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.

  3. #23
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    Default

    Quote Originally Posted by king_diamond View Post
    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 :))

    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 Originally Posted by mystikal View Post
    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.
    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..



    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 Originally Posted by fx-liono View Post
    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!
    Well, fxlion, maybe a lil positive mental attitude thinking might be in order?

  4. #24
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    Quote Originally Posted by moneyadd View Post
    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:
    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.



    Yesterday, we made more than 200 pips from our symmetrical triangle which was part of our live practical trading.

    1.4770-1.4576=0.0194
    1.4651-0.0194=1.4457(target point)

    Symmetrical triangles,which are lines connecting peaks and troughs tend to converge at the apex which is at the centre of the pattern.When price breaks outside of the pattern, there is a high probability that the price will trend in the direction of the breakout.Once price hit our target for more than 200 pips, it now retraced upwards,. Our buy stop @ 14507 caught the bullish correction for 75 pips..



    Price then retraced downward again to our previous short target of 14457, hitting it twice..



    Before we knew it, price knocked 3 times and slipped downwards where our sell stop was on hand to take the move...''come to papa''..



    So moneyadd, hope you now understand...actually, my clients dont really want to know the process or method in which trading takes place...all they are concerned with is whether we make money at the end of the month,recession or not..thats the primary objective..making money.

    Quote Originally Posted by jeffsmith View Post
    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.

    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

  5. #25
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    Quote Originally Posted by needinfo View Post
    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?
    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..



    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''?



    Quote Originally Posted by mystikal View Post
    [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

    Let me whisk you away to the forex charts on the DISSECTION OF A TRADE GONE WRONG. Remember the loss was also important though the LESSONS LEARNT from the loss are MORE IMPORTANT.
    Now we are going into the reasons why we took a buy stop at that point..
    A 123 bottom formation was observed prior to the alert given out, along with an inverted head and shoulder pattern forming at the bottom...Both are reversal pattern telling us that price is about to reverse from its downtrend to an uptrend.

    MACD also made a positive convergence to price which was a buy signal..For the our fib fans out there, a la moneyadd, price made a turnaround on the 30% window, instead of the 60% sell window..which is not that unusual given the strong trend downward in price..

    So it was more of a matter of TIMING, rather than STRATEGY. We might be right in taking a trade based on what our strategy is telling us, but if the timing is off bat,we take the loss...In this instance, we lost 50 pips yesterday..the market is always right..quite an humbling experience, isnt it?



    So for today, wednesday, price finally came around and rocketed past our 3 targets like a valkyrie..technical analysiswise, our strategy was sound but the timing was off...price then compensated us with more than 105 pips..$105 minilot,$1050 standard lot on GBPUSD.




    HAPPY NEW YEAR FOLKS and we give thanks to God for seeing us through a bumpy 2008..WELCOME

    2009.

  6. #26
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    Quote Originally Posted by radatats View Post
    Can someone please tell me why this pair should reverse its down

    trend any time soon?


    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 Originally Posted by jehunter View Post
    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

    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

  7. #27
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    Quote Originally Posted by jehunter View Post
    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 protected]

    :)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.



    Quote Originally Posted by king_diamond View Post
    apa menatang dia ni merepek ni.....

    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 Originally Posted by Strategist View Post
    What the name of this system? Is it really good like I see on this

    graph?
    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 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????


    Tradeviper,your venom is simply out of this world, you know..seems you really took the time to go through my performance report over the last 3 months of turbulent trading. Actually, I didnt even know it was up to 71%, so you must be a good statistician. You can manipulate the figures but you cant manipulate the graph of the detailed report.Check the graph below the figures again and see if they match.Even if alien extra terrestians fly down with their UFO to audit the report, there would still be doubting Thomases..so I'm not bothered.
    Look at Madoff..Are you trying to tell me that 'internationally known firms' didnt audited his reports over a decade before +$50 billion was ripped off? some say Steven Spielberg, who
    was one of the 'casualities', might get sued by Madoff for the rights of the pending
    Hollywood blockbuster film chronicling the scandal.
    I believe in honesty and ethics in my chosen path..Trading is a vocation where many are
    called but few are chosen.I've paid my dues and am still paying my dues in this
    industry,tradeviper..easy on the hiss,plzzz
    By the way, Who are Mandel and Reaver? Sounds like Beavith n Butthead?


    [09:30:38 05/01/09] Stalion : helloo fellas

    [09:31:09 05/01/09] Stalion : no news worthy item for Monday so we stick to our friday's

    short call

    [09:34:59 05/01/09] Learning_pips : hi stal

    [09:38:18 05/01/09] Learning_pips : its quite funny though in carolyn's book there is a

    mention of a gartley pattern which is a complete opp of the 1-2-3 pattern

    [09:40:45 05/01/09] Stalion : hmmmm....havent had time to read it myself

    [09:42:19 05/01/09] Learning_pips : its chapter 8, two step pattern..she identifies the

    1-2-3 pattern/gartley pattern as a continuation pattern..quite interesting..

    [09:42:46 05/01/09] blue : hi

    [09:42:55 05/01/09] Stalion : gartley pattern on fibonnacci?

    [09:43:05 05/01/09] Learning_pips : just goes to show how many ways patterns can be

    interpreted by different people

    [09:43:16 05/01/09] Stalion : helloo there blue

    [09:43:46 05/01/09] Learning_pips : basically fibs have to applied on the pattern to

    identify a cluster

    [09:45:03 05/01/09] Learning_pips : "The two-step trade setup is a zigzag pattern that

    corrects a prior trend"

    [09:45:09 05/01/09] Stalion : range/consolidation pattern? can u identify it on a chart?

    [09:45:44 05/01/09] blue : Stalion im new here

    [09:46:04 05/01/09] Learning_pips : basically the pattern is exactly the same as a 1-2-3

    pattern but she says that its a continuation pattern

    [09:46:10 05/01/09] Stalion : cool....howz trading, blue?

    [09:46:26 05/01/09] blue : Stalion not so gud

    [09:47:18 05/01/09] Stalion : meaning d downtrend would continue? can you give us an example

    on a live chart?

    [09:47:24 05/01/09] Learning_pips : so according to her once we have points 1 and 2, we can

    apply fibs to identify a cluster where 3 would be and the price after it reaches 3 would

    continue its decline if we take 1-2-3 as a bottom

    [09:47:55 05/01/09] Stalion : how do you mean, blue?

    [09:48:35 05/01/09] blue : Stalion im bearing a lot of loss for past few months

    [09:48:36 05/01/09] Learning_pips : well there are numerous examples n the book, i am trying

    to establish it in the live charts..will keep u posted..any insights on today

    [09:50:41 05/01/09] blue : Stalionim so tense now a days

    [09:50:49 05/01/09] Stalion : whatabout strategy?

    [09:51:48 05/01/09] blue : Stalion actually i was just trading by my own mind and short

    trade with the stop but mostly i faced my stop hit

    [09:52:48 05/01/09] Stalion : as in, what is ur strategy in which you've been using all

    those while?

    [09:53:21 05/01/09] blue : Stalion actually i just watch chart with 1 hourly candle and its

    spread

    [09:59:07 05/01/09] Stalion : hey, dats not a strategy ,blue...just a hourly candle and

    spread? did you take any training before going live?

    [09:59:07 05/01/09] Maurizio77 : morning all - happy new year

    [09:59:13 05/01/09] blue : hi im from pak

    [10:00:13 05/01/09] blue : Stalion unfortunately im not trained and thts why im so tense

    [10:11:47 05/01/09] realjimmy : such a good day!!! you guys win??

    [10:13:13 05/01/09] Learning_pips : no jimmy..missed it

    [10:17:03 05/01/09] Stalion : blue, in trading, you have to be trained for you are going

    against professionals that have been in the game for years and know what they are

    doing...its like a novice trying to play in the Champions League..no chance of winning if

    you are not aware of the rules of d game

    [10:29:49 05/01/09] Stalion : also using different free signals from different sources on ur

    live account is only asking to get blown out on margin call...no accountability or

    committment from both sides..

    [10:34:59 05/01/09] Maurizio77 : reckon we'll be seeing a breakout on eur/jpy soon

    [10:40:46 05/01/09] Stalion : for euroyen, we put a sell stop @ 127.49...1st target @

    127.25..2nd target @ 127.08...50 pip sl

    [10:45:37 05/01/09] effendy40 : hi stalion

    [10:49:50 05/01/09] blue : Stalion wht wil be its buying stop

    [10:51:22 05/01/09] Stalion : well, for now, no buying stop since we are looking for eurjpy

    to go down in the short term...dats why the sell stop

    [10:54:14 05/01/09] Learning_pips : stal the eurjpy entry is 1-2-3 if i am not worng?

    [10:57:27 05/01/09] Stalion : 1st target hit on eurjpy..take half profits and move stop loss

    to entry

    [10:58:52 05/01/09] Stalion : the 123 pattern has already been fulfilled with the high at

    128.49...

    [10:59:23 05/01/09] Stalion : remember different techniques as price moves

    dynamically,pips..

    [10:59:45 05/01/09] Stalion : 2nd target hit on eurjpy!



    [11:00:19 05/01/09] Stalion : 41 pips made in less than 1 hour on a monday morning

    [11:00:27 05/01/09] Learning_pips : right..sorry realised that later

    [11:02:16 05/01/09] Learning_pips : i just checked, our entry point was at 60% sell window

    of the previous swing..nice!

    [11:04:55 05/01/09] Stalion : cool...great start to the week...and for the New Year..

    [11:11:42 05/01/09] Stalion : dats all for today...tommorrow is another day...41 pips,$41

    minilot,$410 standard lot on eurjpy...

    Helloo fellow traders, for today Teusday 6th of January,1.15 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.

  8. #28
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    Originally posted by Julieviola:
    [QB] I really don't much about the psychology of stock trading but one that got me is the

    "having" or the noobs quest for more money. As novice in this field I try to take a lot of

    advice from many sectors and other forums similar to this one but my problem is information

    overload.

    It's so easy for a novice to get overloaded with information that instead of making a head

    way in their quest to make more money, they simply sucks and cannot function as they should.

    Don't get me wrong but the original thread is something for a novice like me to really put

    into consideration.

    Thanks for the tip [/QB]


    Hi Julie...thanks for your mail...you are right when you mentioned the ''paralysis by

    analysis'' factor that disable the functions of majority of the traders due to information

    overload.In pursuit of the quest for profits, most of us tend to disregard the knowledge,

    patience and determination required to come out on top in any field of endeavour,instead we

    only focus on money..''how much can I make daily?''...I deserve a 100 pips dropping like

    clockwork each and every day''... Stay with me here,viola, there's a madness to the method

    and method to the madness..Its called the LAW OF DETACHMENT...thanks once again for your

    comments, julieviola


    Hey forexgreenland, we have missed you at NIGERIA BEST FORUM . NBF.
    Since its been a while, we thought we would send you a personal invitation to return.



    Hello, forexgreenland!
    We've noticed that you've not been active on ForexForums.org for quite some time now, and we

    miss you!

    Could we not tempt you back?


    Hmmm.....no need to do that,mon amis...am back....just being occupied by lots of projects

    lately...so little or no time to post as much as before...



    Quote Originally Posted by dollarfinder View Post
    It seems like one of the most common questions we get, especially

    from those new to trading, is something along the lines of "Which is better? Technical

    analysis or fundamental analysis?" There's no perfect answer to that question, just like

    there is no perfect technical system, nor perfect fundamental criteria. In fact, the best

    answer may simply be "It depends on what works for your style of trading".

    So if you choose one strategy, then work for it.. But if you want to use the two, then

    that's better.. Combination of these two methods could give you too much advantage.


    Nice observation, dollarfinder...I concur with your findings...There's no 100% perfect

    system, whether technical analysis or fundamental news analysis..What matters most is proper

    RISK MANAGEMENT in trading.. How long can your equity last if your system is on a losing

    streak? How far can you go when the market goes schizophrenic over a period? 5 trades? 20

    trades? 50 or a 100 trades before margin call...Hot situation makes a nice one, whatchu

    gonna do...call 911?That is what majority of the professional traders focus on when

    trading...Even in cooking, recipes of dishes are added proportionally, instead of putting

    the ingredients all at the same time.. That proportional blending eventually brings about a

    nice savoury dish....yumm yumm..Anyone hungry?




    Frank Says:

    Hello, thank you for this Posting. I am reading this Blog very often and i like to read this

    blog. I hope you writing alot in this Blog. What you have to doo is to write more in this

    Blog about everything.


    Quote Originally Posted by jehunter View Post
    Hi Mistikal,

    You responded to my message on 01/06/09 regarding the two e-books listed below: I have not

    received them as-of-yet. Please send them to me at your earliest convience, I am anxious to

    learn how to trade in this new year. My PM address [email protected]

    1 The Art Of Creativity
    2 Fibonacci Trading - How To Master The Time and Price Advantage

    Thank You and keep up the good work! You're the best.:)


    I know, I know, jehunter....better to be the hunter than to be the hunted,especially of

    pips..lol...wud send it as soon as possible,okay...



    Quote Originally Posted by hayabusat View Post
    Hi Stalion,

    I saw some -ve and some +ve comments on your thread. I don't really care about those -ve

    comments. It's not fair to judge boobs by its cover ;). Personally am impressed with the

    strategy you are using and I would like to learn it from you. Can you please tell how I can

    join you during trading. Thanks.

    Darn hayabusat,easy on the boobs fixation,okay...or you want to change the title of ''Sex in

    the City'' to Sex in the Trading?not that healthy for clarity of mind..I must say.. Trading

    mostly commences during the London Session where you have less range activity and more

    stable volatility.

    [10:02:58] Stalion : sell gbpusd @ 13920...1st target @ 13840...2nd target @ 13765...50 pip

    sl.


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    Quote Originally Posted by onwukarisa View Post
    Hello Stallion,
    You have not been posting for some time now. hope all is okay???
    Please if you dont mind,i will like to ask you to tell me how you do draw your
    trendlines on the price chart and MACD.
    what and what do you consider or do before and while drawing them.

    Also i want to develop a good entry and exit method while trading so that i will not enter
    late or leave too soon on the market. please advise me on how to do this .

    Please advise
    Onwuka Arisa
    Helloo there Onwuka, nice to get your mail... We thank God for everything..We should also
    know there are times we shouldnt ignore our personal needs in order to satisfy others
    needs..A burnt out Stallion is of no good to himself or to the people..just cant give out
    from an empty cup whether you see it half filled or empty..so creative silence or quiet time
    is essential for each and every human being..Mind you, you dont have to be a hermit
    hibernating in a cave or a monk in the Himalayas before you get the centre of balance
    within.. seems your questions have been asked before, and the answer was given..most times,
    I often had to go back and read through the whole thread so as to get a better perspective
    of where we are coming from and where we are
    going..
    http://www.forexpeacearmy.com/forex-....html#post7998


    http://www.forexpeacearmy.com/forex-...html#post10269

    To summarize, trendlines are connected from the current resistance/support high or low to
    the previous resistance/support high or low of the candlebars.
    It is also connected, if using MACD,between the current peak(highs) to the previous peak or
    between the current trough(lows) and previous troughs of the MACD line. When the price
    trendline is ascending in an uptrend and MACD trendline is descending in a downtrend, it is
    called NEGATIVE DIVERGENCE.. When price trendline is downward and MACD trendline is upward,
    it means POSITIVE DIVERGENCE.

    Good entries and exits are also strategies that depends mainly on risk management principles
    like risk to reward ratios.Most newbie traders/sportsmen wants to know the tricks...instant
    gratification without expenditure of responsibilty..Your entries might be good but whatabout
    whipsaws?what if you had perfect entry but the timing of the move sucks?How much are you
    prepared to risk if the ''perfect entry'' does not manifest? Those are questions we should
    ask ourselves before and during trading..

    Quote Originally Posted by Natalie View Post
    Can anyone recommend a good platform for trading CFDs?
    Hi Natalie, to paraphrase annacoulli..
    Quote Originally Posted by annacoull
    Brokers fall into 3 broad categories: ECN, non dealing and market maker
    and from experience I have found there are at least 16 questions you should ask before
    opening a forex account and these are as follows:
    1. What is the net capital of the company
    2. Is the company regulated
    3. Is the company a dealer or a broker
    4. What are the leverage and margin rules
    5. What are the costs of trading
    6. Does the company offer telephone support
    7. How easy is the platform to use
    8. Is the trading platform reliable
    9. What is the charting like
    10. How long has the company been in business
    11. What reputation does it have in the forums
    12. Trading style and order types
    13. Micro, mini and regular account spreads
    14. Interest on the account
    15. Hedge trades allowed
    16. Rollover
    Once you have your answers it is so important to select a broker which matches your trading
    style - it is pointless opening an account with a broker which is classified as a market
    maker and then expect to be able to scalp - you will not be able to do so because spreads
    widen alarmingly when the markets are volatile.
    So CFDs(Contracts for Difference), are cash settled derivatives that reflect their
    underlying markets like stocks, futures or forex contracts.CFDs can easily be traded short,
    transaction speeds are usually fast, and they have low margin specifications, like 10% for
    shares, 5% for share indices,5% for futures and 2% for currencies.They are also generally
    open ended, as in, they have no expiration dates like options, commodities or warrants.
    Another thing that makes CFDs stand out is they are available for diverse underlying markets
    like the US, UK AND European shares CFDs, sector CFDs like Banks, Real Estate,Oil and Gas,
    as well as forex and futures pairs.

    Quote Originally Posted by nasir.khan View Post
    hello whats your setting for MACD indicater . Thanks.
    Helloo nasir.khan...any relation with genghis or kublai khan? anyways, you can just use the
    standard settings on your platform, which is usually 12,26,9.. You could still tweak the
    settings and compare the changes on the MACD indicator to price above...whichever one fits
    your style is okay...

    Quote Originally Posted by Anne09 View Post
    yeah i know forexgreenland your work speaks for itself.........but can you
    tell me why you always summit chats on your maximum post. don't you have anything to
    discuss....
    Hmmm, this sounds like a counterattack from one of the feminine species,not just a welcome
    party....Somebody stop me!You want to know why, mami? It is because those chats and charts
    mainly represents a reflection of operations in the trading trenches..reflects trading minds
    at different levels in which enlightening market themes and principles can be glimpsed and
    learnt from..
    At the risk of getting my eyes scratched out by our female folks, there are some
    observations on the gender aspect to trading.females are less willing to take risk but more
    willing to stick to their rules..Alpha male stereotypes tend to do the opposite..too much
    machismo, too much ego on the line...brings about stumbling blocks to our trading life..so
    if good traders are consistent at abiding to their rules and not taking unnecessary risks,
    the ladies should do better in their pyschological makeup to trading. So guys, we got a lot
    to learn from our womenfolk..thanks for your constructive criticism, Anne


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    Quote Originally Posted by khairul6355 View Post
    How to set the graph become like this ?

    Hi khairu, the red and blue lines you see on the chart is brought about through putting up a

    buy or sell order, which reflects on the ''graph''...To write out a text, just click the

    ''Insert'' tab above, next to ''View'' tab on your MT4 platform.. There, you can also

    experiment with trendlines, shapes, arrows, fib, gann..etc...just play around with it first

    and see how it translates on your chart.


    So for today, Teusday, we could see a head and shoulder pattern on the GBPUSD 15 min

    chart,so we are looking for a bearish move down south...wow..
    Sell stop on cable @ 14614...1st target @ 14565..2nd target @ 14535..50 pips stop

    loss...Take half profits when +20 pips ahead, then shift stop loss to sell entry level.



    [QUOTE=Fxcool;22843] Hmmm the chart is showing breakout for short sell

    Cool..Fxcool...if it breaks our triangle to the downside, we are looking at a short sell,

    like you said..but if price breaches the ''HEAD''(1.4775) level of the Head and shoulder

    pattern, then we might be seeing the continuation of a new uptrend..so buy stop at

    14775..1st target @ 14825, 2nd target @14865..50 pip stop loss



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