Review of Strategic Tips on Milking the Major Currency Pairs in Live Forex Tradi

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EUR / USD
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USD / JPY
104.402
GBP / USD
1.33466
USD / CHF
0.91047
USD / CAD
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EUR / JPY
124.345
AUD / USD
0.73480

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34☺*

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GreenDay

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34☺*;3058218 said:
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forexgreenland

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Good stuff, useful info!

I think what a newbie like me has to do is get together all the relevant fx indicators and

all systems that I can get my hands on. Study them in depth to filter out the very good

from the o.k ones, get some experience under my belt by using them then trade live after.

As of yet I dont know of or understand any systems and rely heavily on forums such as this

one to get hints and tips as to where we're heading, or other than that put my index finger

in my mouth , hold it high above my head and take a punt!!!

Cant be good:confused:

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.




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:

http://forexgreenland.foruma.biz/fo...tips-on-forex-signals-in-forex-forum-t381.htm

It would be better to take off half profits when +20 pips, rather than waiting for 1st

target to hit..Time and tide, along with price,waits for no man..
Robert Kiyosaki, of the Rich Dad Poor Dad series,talked about the stock market burst some

ears ago, along with its effects on baby boomers and their Social Security program. Even

though he gave out some suggestions on how to avoid that pitfall by personal development and

education, most people then castigated him as a fraud who just wants to sell his books and

seminars. From what is going on in the global economy and the US, it appears he has been

vindicated.

http://abcnews.go.com/Business/PersonalFinance/story?id=6513517&page=1

Late last year, on one of the popular Nigerian forums, I predicted the Nigerian Stock

index(NSE) have reached its top and suggested readers should cover their positions and

unload their stocks. But as at then, the bulls were in control, stock newsletter and article

writers were fueling the bubble frenzy and screaming ''BUY''..
The young admin of the forum, maybe out of ignorance and emotional bias, reacted by banning

all forex traders off his site. But that didnt stop the stock market bubble to burst and

uneducated investors losing substantial amount on their equity. Those that took the time,

money and energy to understand and educate themselves on market behaviour saved themselves

from the bearish drop and even made profits from the decline.
In essence, as investors,we should strive to invest in ourselves.No one knows it all. Most people made money in the Great Depression of the 1930's..We can too..


Hi Stal,

First of all thanks for pointing me to forexpeacearmy as it is a very good source of forex

information. I have been going through the broker reviews and feel like it has stopped me

from taking a wrong decision. I have managed to shortlist a few which I beleive are honest

as per the reviews.

Your comments or experiences on any of these would be very helpful, especially if u could

point one or two which I can go live with.
1.MB trading
2.Ikon-Royal
3.Tradeviewforex
4.Alpari Uk

Any help and insight would be highly appreciated..

Thanks,

Helloo there...
Well, it would be unseemly if I publicly endorse any of the brokers due to conflict of

interests.So am throwing it out in the open...Anyone that has comments or experiences with

any of these is free to post it here. Thanks once again.


so for wednesday, we put a buy stop pn GBPUSD @ 1.4740...1st target @ 1.4765..sl @ 1.4715...

also a sell stop @ 1.4715..1st target @ 1.4690...2nd target @ 1.4665..50 pips sl
 

forexgreenland

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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.
 

king_diamond

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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 :))
 

forexgreenland

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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


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?

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?
 

forexgreenland

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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.

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
 

forexgreenland

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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''?



[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.
 

forexgreenland

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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''?



[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.
 

king_diamond

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apa menatang dia ni merepek ni.....
 
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