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Re:Review Of Strategic Tips On Forex Signals In Forex Forums

forexgreenland

Intrarea postată de forexgreenland ·

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Thanx for the response, Forexgreenland. Looks like

 

I'm in the wrong forum.

 

 

 

I googled "uptick rule" and every search result was in a language that I don't understand.

 

They don't allow short-selling with IRA money. They also won't allow day-trading. Ah,

 

according to Investopedia, the uptick rule was eliminated June 6, 2007.

 

There are lots of equities just lying on the floor at bargain prices, just bubbling

 

sideways. Good for some profits sometime in the future, but not doing anything right now. It

 

looks like Forex is always active. (I know nothing about this market. Looks tricky).

 

I liked your zen-oriented description of the trader's frame-of-mind in your opening post in

 

this thread. I'm still in the first stage with some forays into the second. It is an

 

interesting journey.

 

 

Hi art,

I feel your pain...the languages coming out from those search engines on uptick rule were

 

kind of like finance hieroglyphics...since it had been eliminated since 2007, no worries..

yes, forex is always active with lots of volatility, but it only looks tricky when you are

 

not that familiar with the market.. Warren Buffet was right when he was quoted as saying

 

''Risk comes from not knowing what you are doing''..but you can still learn the ropes if you

 

are willing and committed..

Well, you dont really have to be a Zen Master, or a Yogi master, or Shaolin Master, or even

 

a Shambala Master, before getting ''in the flow''.. Just let yourself go..

''A journey of a Thousand Miles Begins With A Single Step..

 

Oil prices follow Wall Street on wild ride - Yahoo! News

 

 

As an American who has most of their savings in sterling, I've got one

 

word to sum up what I feel right now.

 

F*%K!!

 

Me too, barbs...I feel ya...

Ohh, by the way, lemme wish you Americans a Happy Thanksgiving Day in advance..Did I hear

 

someone say Turkey Day?

 

[10:09:20] Stalion : so we put a buy stop on gu at 1.4970...1st

 

target at 1 5025..2nd target at 1.5080...sl 50 pips away...

 

http://i72.servimg.com/u/f72/11/82/15/01/13th_n10.gif

 

 

What is happening? usd was sold accross the board (except agains yen)

 

by more than 200 pips in one hour or so. Can any body explain?

 

No probs, mon ami..The pound was battered after the Bank of England said on Wednesday the British economy would shrink sharply next year, bolstering expectations that further sharp cuts in interest rates were in the pipeline.Lower interests rates means lower value of the currency due to

 

investors selling the low yield currency to buy higher yielding currencies.. That would

 

bring about a downward sell pressure on the gbpusd.

 

I need to purchase 1000 GBP to pay a debt in the UK, and have

 

been trying to keep an eye on the exchange rate (as I'll have to buy the 1000 GBP with USDs

 

- I'm a US citizen and am paid in USDs :D )

 

Can you experts offer me suggestions around when I should buy the GBPs? I must have them by

 

end-of-month December 2008, but am not sure how to get a good idea (forecasting and such) as

 

to when between now and 31st Dec 2008 would be the best time to exchange USDs for GBPs.

 

Any help that you can offer if VERY much appreciated!! :)

 

Thanks!!

Mark

 

 

 

Hi markdaniel,any relations with mark anthony??LOL..

You've just boiled it down to a simple question..What is meaning of forex?

It is the buying and selling of international currencies..I think you might need a cup of

 

coffee for this..

For example, 1 GBPUSD is equivalent to 1.4700 dollars..1000 GBP is equivalent to 1470

 

dollars USD..that is, at the international rate of 1.4700...You are using 1470 dollars to

 

buy 1000 pounds sterling..

But wait...The current fundamentals suggest Britain is in the throes of recession, while the

 

BOE is about to further slash interest rates in the nearest future..Low interest rates from

 

bad economic recessionary data spewing forth from the UK is likely to pull the T-strings of

 

cable down south..wow..

 

http://i72.servimg.com/u/f72/11/82/15/01/13th_n11.gif

 

Technical analysis wise, price have fallen way beyond the 60% BUY WINDOW on the monthly

 

charts,with 4 long range bearish candles going ballistic underground.. Both MACD divergences

 

foretells bearish movement of price on the GBPUSD..A Category Four Trendline has already

 

taken place..

so come December, price getting to our projected target point of 1.3090, , you BUY 1000GBP

 

for $1,309 dollars..since the GBP would have likely lost more value in the weeks to come..Does that mean we might be seeing a dollar rally before the end of the year 2008? Of course..just got ma fingers crossed..

I hope you now understand..

Remember, nothing is cast in stone on forex...and in life...Also do your own research before

 

taking any recommendations...Feel free to discuss it here..

 

 

 

 

 

sorry guys, that I forgot to alert you due to internet blackout in my zone..more than 300

 

pips,$300 minilot,$3000 standard lot was made on the sell stop of gbpusd wednesday

 

afternoon.., which offsetted our previous double buy stop loss of 50 pips each..making back

 

more than 3 times our previous loss...Well,what can I say..

 

http://i72.servimg.com/u/f72/11/82/15/01/screen10.gif

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forexgreenland
[05:17:33 14/11/08] Stalion : Its 5a.m here in Nigeria and am in the

 

dark,with just the glow of the computer screens casting an ethereal and pychedelic sheen to

 

the surroundings..just the candlesticks telling their midnight stories..so we put a sell

 

stop on GBPUSD @ 1.4860...1st target @ 1.4845..2nd target @ 1.4825...3rd target @ 1.4790

 

[05:18:06 14/11/08] Stalion : sl @ 1.4010

 

Happy weekend,folks,

 

Someone asked me the other day what Black Friday was..And another, to her, felt her trade

 

that day was Black Friday becvause she had some losing trades.. Well I did some little

 

research on it from INVESTOPEDIA and here are some meanings of that term

 

1. A day of stock market catastrophe. Originally, September 24,

 

1869, was deemed Black Friday. The crash was sparked by gold speculators, including Jay

 

Gould and James Fist, who attempted to corner the gold market. The attempt failed and the

 

gold market collapsed, causing the stock market to plummet.

 

2. The day after Thanksgiving in the United States. Retailers generally see an upward spike

 

in sales and consider this to be the start of the holiday shopping season. It's common for

 

retailers to offer special promotions and to open early to draw in customers.

 

3. The term "black" has been used to describe other disastrous days in financial markets.

 

For example, on Black Tuesday, October 29, 1929, the market fell precipitously, signaling

 

the start of the Great Depression. The largest one-day drop in stock market history occurred

 

on Black Monday, October 19, 1987, when the Dow Jones Industrial Average plummeted more than

 

22%.

 

To God be the glory, our call was hit around 5 times,back to back, on yesterday's White

 

Friday. 70 pips,$70 minilot,$700 standard lot was made from that call..

 

We could actually see there was a mini head and shoulder pattern

 

[05:18:06 14/11/08] Stalion : sl @ 1.4010

 

 

[05:21:05 14/11/08] pipsRus : hello

 

[05:21:30 14/11/08] djcarlos : hi stal

 

[05:22:56 14/11/08] djcarlos : 1st target hit Very Happy

 

http://i72.servimg.com/u/f72/11/82/15/01/white_10.gif

 

[05:24:24 14/11/08] Stalion : hi pipRus

 

[05:24:37 14/11/08] Stalion : 2nd target hit

 

[05:27:54 14/11/08] Stalion : I take it you've already closed at least half of ur order, dj?

 

We could see a mini head and shoulderrs pasttern on the 15 minute chart, which foretold a

 

bearish movement..After making our 70 pips, we shifted our stop loss to the entry point of

 

1.4810...That was why the broken shaded blue line was now red in the second chart...

 

http://i72.servimg.com/u/f72/11/82/15/01/white_11.gif

 

[05:29:02 14/11/08] djcarlos : im out it was an exelent trade arround 40 pips in my bag

 

[05:30:22 14/11/08] djcarlos : thanks to call me... it was exelent

 

[05:54:50 14/11/08] djcarlos : Stal Ill expecting for other alerts.... thanks, call me or

 

sms me....

 

[05:58:18 14/11/08] Stalion : Hey, dj, easy on the greed, okay...

 

[05:58:33 14/11/08] Stalion : are you not guys not okay with 70 pips?

 

[06:02:00 14/11/08] djcarlos : yes stal i ll be carefully... im taking profits to open a

 

managed account

 

[06:13:56 14/11/08] Stalion : hmmmm...

 

[06:51:24 14/11/08] Stalion : if you reentered again on our original sell entry, you

 

would've been smiling by now...

 

[10:12:44 14/11/08] djcarlos : hi stal....

 

[10:20:11 14/11/08] djcarlos : i was re-enter and i won 2o pips and then go out because de

 

waves is going up

 

[10:20:23 14/11/08] djcarlos : Very Happy

 

 

The stop loss on the right shoulder ensured that we are not stopped out in the present

 

downtrend..if price breaches that high, we should be seeing a new retracement....

 

http://i72.servimg.com/u/f72/11/82/15/01/white_12.gif

 

All in all, it was a jolly Good White Friday..

 

So for today,Sunday the 16th of November,we await the opening bell of the Asian Session to

 

commence trading..

 

Sell stop on GBPUSD @ 1.8321...

 

Hi palmguy, thanks for your contribution ..though presently, price on the GBPUSD is at

 

1.4737...it would need to go up about 400 pips before your sell stop is triggered..

 

So for today, we might likely see a BULLISH GAP to the upside in less than 7 hours from now.

We put a buy stop on our 60% BUY WINDOW @ 1.4765...1st target @ 1.4805..2nd target @

 

1.4840...3rd target @ 1.4884..sl @ 1.4700

 

http://i72.servimg.com/u/f72/11/82/15/01/white_14.gif

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forexgreenland
Quote from Smurfie:

 

Hey Forexgreenland

 

All trends from the monthly to the 5m timeframe are down. Why do you see an up-gap coming?

 

In other words, on what do you base your decision?

 

Cheers,

 

Smurf

 

Hi Smurf, the up gap is not really the issue here..Price pleased us with some lyrical

 

teasers.

We jus chilling.. when we popped the cable glass ceiling..like an epiphany..me and

 

traderji..

I based my decision due to the ''market tells''..shown on those charts..mon ami..Like I said

 

earlier, price was at its BUY WINDOW...MACD showing bullish divergence,123 pattern,etc..As

 

you go along, you'll see why I based my decision on a long call, instead of a short..

 

 

In the name of the lord most merciful,

Nice thread forexgreenland. Week begins with the pound 13 percent drop against the dollar

 

and 8 percentagainst the euro . British banks are shrinking foreign borrowings .A weaker

 

currency is being recommended.

 

Maybe, jeff15...maybe..

 

Bearish gap, filled and bounced off your entry point (resistance area).

 

Looked like a good place to short rather than long but i was sleeping. If there had been a

 

bullish gap then that looked like a good long trade though (bounce off support). Look

 

forward to hearing more.

 

Yes, betard, I like that word ..''bounced off entry point''..like bouncy balls..At that

 

particular time, it looked good to short..and we got stopped out twice..

 

In retrospect, that might not really look like a good place to short, except for the

 

SCALPERS..Like Ninjas,they move in stealth, with each breath..never make their presence

 

felt..Price on the GBPUSD opened this Monday morning @ 1.4671..made a low of 1.4656..just 15

 

pips..removing 5 to 6 pip spread reduces it further..Though there was not a bullish gap in

 

the early hours of this morning, but a bearish gap on the open, it was just the precursor of

 

good times in the bullish sides..

 

http://i72.servimg.com/u/f72/11/82/15/01/trader10.gif

 

 

Wow nice call today! I must be honest after been stop out twice the

 

third time I was not very condident with the trade and took+ 20 pips, if I had wait I should

 

grabe +200pips.... thx Stalion

 

http://i72.servimg.com/u/f72/11/82/15/01/trader11.gif

 

It was like 382 pips,mon ami...close to $400 minilot..$4000 standard lot on monday..But we

 

got stopped out twice at 65 pips each...making a total loss of 130 pips..Subtract that from

 

382 pips, we get net profit of 252 pips(excluding pip spread /or charges.)..But remember, we

 

lost twice before we can arrive at our net profit..Such is life...If Thomas Edison can fail

 

a thousand times before dicovering the icandescent lamp, why are we traders soo skeptical to

 

losses.. Every single trade does not have to be a masterpiece..

 

 

forexgreenland, I will be here with you to check the

 

daily analysis and strategic tips of forex.. i hope you post such this info continuously ...

 

I will learn more and more..

Thanks forexgreenland

 

 

No probs, delv..We all learn and earn more and more...

 

http://i72.servimg.com/u/f72/11/82/15/01/trader12.gif

 

 

So.. where are these other guys you are talking to?

 

Just google ''forexgreenland''

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