forexgreenland

[21:50:35 07/10/08] forexplay : Hello Is anyone there
[08:54:06 08/10/08] masif1 : hello
[08:55:01 08/10/08] caprica1 : morning everyone
[10:19:03 08/10/08] Stalion : price made a triple bottom on our 60% buy window and SPOOF
[10:19:35 08/10/08] Stalion : IT GOES...
[10:23:13 08/10/08] klho83 : Hi Stal!
[10:36:51 08/10/08] Stalion : helloo there K
[10:37:23 08/10/08] caprica1 : hi Stal
[10:37:34 08/10/08] Stalion : what are we having now on the GBPUSD 15min chart? A
retracement or a trend?
[10:38:37 08/10/08] caprica1 : a retracement
[10:39:51 08/10/08] Stalion : everywhere so silent....
[10:40:20 08/10/08] Stalion : K?
[10:40:44 08/10/08] Stalion : remember to tell us ur reasons, guys?
[10:42:01 08/10/08] Stalion : c'mmon...K...you can do it...talk to papi
[10:42:58 08/10/08] klho83 : GU weak
[10:43:24 08/10/08] caprica1 : it's still contained with the previous swing high and swing
low
[10:46:05 08/10/08] Stalion : yea, K....but is it a trend or a retracement?
[10:46:54 08/10/08] klho83 : It treanding down
[10:47:19 08/10/08] klho83 : Trend Sir!
[10:47:23 08/10/08] caprica1 : the overall trend o the GU is down
[10:49:01 08/10/08] klho83 : If look at $H or daily chart GU is trending down
[10:49:22 08/10/08] klho83 : 4H od daily
[10:50:02 08/10/08] Stalion : Both are right....it was a retracement at that time cap was
watching ...though wanted to ask him at what percent of the ''containment'' should the
previous swing high differ from the previous swing low
[10:51:37 08/10/08] Stalion : it had to breach a percentage of the containment a la
caprica...in order to tell us there's a change of retracement to trend
[10:52:33 08/10/08] Stalion : or in some cases, trend to retracement
[10:56:41 08/10/08] klho83 : Hi Stal, Can U explain " Containment"?
[10:58:14 08/10/08] caprica1 : think it he means it that price was contained within the
previous swing high and swing low K
[10:58:34 08/10/08] caprica1 : Soit would have had to breach the swing low to confirm the
down trend continuation
[11:00:08 08/10/08] Stalion : voila
[11:00:33 08/10/08] caprica1 : see I have learnt something! lol
[11:01:45 08/10/08] Stalion : hope you understand,K
[11:04:21 08/10/08] caprica1 : I sent you a PM about the buy and sell windows Stal. You get
it?
[11:04:41 08/10/08] masif1 : i dont understand
[11:05:16 08/10/08] masif1 : the british government is to bailout the UK banks with £50
Billion
[11:05:26 08/10/08] masif1 : but cable is still dropping
[11:05:29 08/10/08] Stalion : remember most times, we look for a breach of the pyschological
number/grid below or above the 60% retracement level to confirm establishment of a new
trend...in this case, a downtrend
[11:59:22 08/10/08] fxjedi : ECB Unlikely To Join Coordinated Cuton't count on a
coordinated rate cut, says Calyon. "Doubts have to remain over the ECB's commitment to such
a plan," the bank says, suggesting that monetary policy, like the various money market and
banking sector policy changes, "will remain local in origin and scope."
[12:43:46 08/10/08] fxjedi :
Fed orders emergency rate cut, other banks follow - Yahoo! News
2BCs0NUE
[12:44:07 08/10/08] fxjedi : WASHINGTON - The Federal Reserve, acting in coordination with
other global central banking authorities, cut a key U.S. interest rate by half a percentage
point Wednesday to steady a teetering economy. ADVERTISEMENT The Fed reduced its key rate
from 2 percent to 1.5 percent. In Europe, which also has been hard hit by the financial
crisis, the Bank of England cut its rate by half a point to 4.5 percent, while the European
Central Bank sliced its rate to 3.75 percent. Other central banks also taking part include
the banks of Canada, Sweden, and Switzerland.
[12:45:37 08/10/08] fxjedi : if everyone is cutting rates,i wudnt think there wud be any
reaction in the markets,stal
[14:38:13 08/10/08] Stalion : Sell Stop on the gbpusd @ 1.7390, 1st target @ 1.7355, 2nd
target @ 1.7305, 40 pip sl

[14:57:21 08/10/08] Stalion : 10 pips to go
[15:02:20 08/10/08] Stalion : breaching the two grids/pyschological number levels
below,signifies price retracement turning to a new downtrend..
[15:06:01 08/10/08] Stalion : many traders also wait for the major low/support to be
breached before confirming a new downtrend on the bearish side..
[15:10:09 08/10/08] Stalion : take half profits now, if you havent done so already
[15:10:25 08/10/08] fxjedi : hi
[15:13:51 08/10/08] Stalion : helloo argunes,jedi
[15:14:57 08/10/08] argunes : I've jsut entered and I see its amazing so many experienced
traders sharing information
[15:15:05 08/10/08] Stalion : thanx, man....How is Instabul?
[15:15:34 08/10/08] argunes : Rainy nowadays.
[15:16:18 08/10/08] Stalion : same here in Lagos...
[15:16:27 08/10/08] argunes : May I ask what time is it on your location?
[15:17:06 08/10/08] Stalion : Its 3.16pm here
[15:17:10 08/10/08] Stalion : urs?
[15:17:51 08/10/08] argunes : 17.17 here.
[15:18:53 08/10/08] Stalion : 2hr ahead
[15:20:02 08/10/08] argunes : Yes. I need to leave. Good trading everyone.
[15:28:20 08/10/08] Stalion : thanks argunes
[15:28:57 08/10/08] Stalion : 1st target hit

[15:36:47 08/10/08] Stalion : whats DKK,jedi?
[15:37:31 08/10/08] fxjedi : BOE especially, but also ECB have plenty of room to cut rates
further. Unfortunately the stock markets will need to drop further to spur them into action.
Paulson urged this move because his wife has urging him to stay home this weekend and once
take a weekend free without a rescue operation.
[15:38:19 08/10/08] fxjedi : am not realy sure,am jus sharing forex news,stal
[15:48:35 08/10/08] fxjedi : looks gu is going down again to next target,stal
[16:00:53 08/10/08] fxjedi : Japanese Nobel Physics laureate Toshihide Maskawa, an introvert
devoted to thinking about the universe, has no passport to go to Stockholm to accept the
prize, his wife revealed on
Wednesday...Shy Japanese Nobel laureate has no passport: wife - Yahoo! News
Ancrtabipo7uzkpAj7MgGVxxFb8C
[16:08:50 08/10/08] Stalion : please put a 15 to 25 pip trailing stop on it
[16:11:09 08/10/08] fxjedi : roger dat
[16:16:31 08/10/08] fxjedi : 2nd target hit

[16:21:10 08/10/08] Stalion : lol...dats nice....a trailing stop will ensure you follow
price to its lowest before cutting you out..
[16:27:49 08/10/08] fxjedi : am thru for d day, stal,
[16:28:00 08/10/08] fxjedi : thanks a lot

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