Review of Strategic Tips on Milking the Major Currency Pairs in Live Forex Trading
Hi Folks,
We thank God for seeing us through another week and bringing us to a brand new week.More profits ahead,fellas.
I think I understand 
My question is that your numbers always have a 1.5 : 1 risk/reward ratio but in your posts you talk about 2.5 : 1, can you
elaborate?Hi, The RumpledOne,
It seems I've been misquoted in a way...from what can be remembered,I'm not sure we talk about 2.5 :1 ratio in my
posts, just a 1:1 and 2:1 risk reward ratio.Maybe you could check again and help bring that quote for us to see. But in
actual fact, I'm trying to write on Risk Management(including Risk to Reward Ratios) in my subsequent posts.
Stay tuned, mon ami.
Neither do I ,mon ami...Seems you are about to RUMPLE UP my brain cells, RUMPLED ONE...lol...
Anyways, from what I can see, you are using SUPPORT AND RESISTANCE (or is PIVOT POINTS?) on the 15min
GBPUSD chart. But at the point where you( or the robot) wrote ''1.8681..go Long) was quite erroneous because you
would have lost close to 81 pips if the trade was triggered at that region.
The long bearish red candle have broken below the 1.861 support and the greenish bullish candle next to it closed below
the low of the previous bearish red candle. So there was no reason, technical analysiswise, to go long at that
region,RUMPLED ONE.
At the point where you (or the robot) wrote ''1.8607 SUPPORT'', the long red bearish candlebar has already broken it,
turning SUPPORT TO RESISTANCE at that point. And if you could observe, price did not in any way CLOSE above
''1.8607 SUP'' line to warrant a decision to buy or go long at that point. That point was then a RESISTANCE POINT
like a ceiling above. What would have being on our mind during price action was to SELL...GO SHORT. And you
would have made up to 81 pips from that bearish bias.
I sure hope you didnt take that long trade that was shown on that chart, RUMPLED ONE. If it were an Expert
Advisor(robot) that triggered it, it wouldnt have been funny,my friend, cos of the losses that might have been incurred.
I want to give thanks to Steve Nison for bringing the ''CANDLESTICK PATTERN'' to the Western Hemisphere from
the East (Japan). And I recommend the book for anyone serious in making money from trading.
Please feel free to ask any questions or make comments.
Thanks...
Stallion..
[01:55:10] Stalion : hi everyone
[01:57:27] fxjedi : hi stal
[01:58:40] Stalion : In the meantime, we've already sold EURJPY early this morning, @ 162.38, waiting for it to get to a target of 97 pips @ 161.41. You can enter at current market price
Conversations With Forexgreenland Reloaded Pt 2
[08:51:15] Stalion : hi fellas
[08:51:22] paulsimon : hi stallion..
[08:51:31] Stalion : Buy EURJPY @ 161.45
[08:51:47] takbal : hi all
[08:52:18] paulsimon : stallion can we enter at market price..
[08:52:32] paulsimon : or 161.45 + spread
[08:52:49] Stalion : TARGET @ 161.87
[08:53:33] Stalion : 2nd target @ 162.00
[08:53:57] Stalion : 40 pips behind, as usual
[08:55:13] Stalion : Morning, caprica...
[08:56:34] caprica1 : hey Stal, I got in at 141.46. If I set my T/P to 162, san I set a T/S at 161.87? Which is about 41
pips I think.
[08:56:57] caprica1 : i got in at 161.46. Sorry typo.
[08:58:16] wilmart : Morning,stallion
[08:58:39] Stalion : no probs...if u got in at 141.46, then 141.06 should be ur sl
[08:58:51] Stalion : Hi there, Wilmart...
[08:58:56] Stalion : howz it going?
[08:59:29] Stalion : i mean, 161.06 as ur sl, at 40 pips away
[09:00:01] caprica1 : yeah I got the S/L at 141.06. Just wondering if I can set a trailing stop at the 1st target point?
[09:01:42] caprica1 : never mind. stopped out!
[09:01:47] takbal : eur IFO
[09:02:39] Stalion : dat bad?
[09:02:44] caprica1 : oh my lord. What happened there?
[09:03:07] paulsimon : look at eur/usd.. new low
[09:03:10] wilmart : really
[09:03:54] caprica1 : is it gonna bounce back up,ya think?
[09:03:59] takbal : 94.8 instead 97.1
[09:04:15] Stalion : hmmmmm....
[09:05:01] caprica1 : summat has got to have happened to make it drop like that so quick.
[09:05:07] caprica1 : any news?
[09:05:45] Stalion : report all red for the euro
[09:06:38] paulsimon : 100 pips..fall
[09:06:50] caprica1 : and it's still dropping. All the EUR charts had a big drop around the same time.
[09:07:24] bros1234 : news is not ur friiend
[09:07:26] orkinv : any news
[09:09:39] caprica1 : 2008.08.26 10:02:24 PRESS RELEASE: SEB: Nordic Outlook: On The Cusp Of A Global
Recession - Sharp Interest Rate Cuts In Europe
[09:10:12] wilmart : ok
[09:11:31] Stalion : Germany is in deep turd
[09:11:55] orkinv : wow
[09:12:21] caprica1 : lol. Turd! I've not heard that word used for years. lol
[09:13:41] Stalion : lol....euroyen might as well go down to 160.12..if care's not taken...
[09:14:10] paulsimon : 160.15 is dailyfx's recommended buy point
[09:15:34] Stalion : hmmmm, dats the support region
[09:18:05] wilmart : welcome masif
[09:19:58] Stalion : some traders might hold out their losses till it reaches 160.12 and wait for price to reverse back to
where they entered earlier....anything lower than 160.12 is a sure thing sign that your trade aint working and you should
get out...remember, guys
[09:20:53] Stalion : no 100% perfection in trading, like in life...news or any unforseen circumstances can turn ur plans
upside down..like euro's doing...lol
[09:22:17] paulsimon : u cant win them all.. its all good for equilibrium
[09:22:24] caprica1 : yeah me 4. Stopped out like a mutha!
[09:22:56] Stalion : its better....40 pip loss feels more soothing than 150 pip loss, right?
[09:23:14] paulsimon : yea.. most definitely..
[09:23:26] masif1 : agreed stalion
[09:23:30] wilmart : yeah...
[09:23:41] paulsimon : i just hope we can earn it back today..
[09:24:02] orkinv : yes ooo
[09:24:05] orkinv : agreed
[09:24:31] Stalion : but if you have a large account, you can ride it out and wait for price to go back....with calculated
risk, i mean
[09:24:37] orkinv : we will paul
[09:24:52] wilmart : sure
[09:26:45] Stalion : any bets that the UK BBA Mortgage Approvals would come out positive by 9.30a.m?
[09:29:06] wilmart : Uk BBA seems a no trade lol
[09:29:27] masif1 : lol
[09:30:12] Stalion : 1 minute to go.....if no trade, den euro decline might fizzle out before d 160.12 region....if a positive
report, we might likely see a turnaround..
[09:31:41] orkinv : ok stalion we are here
[09:31:56] caprica1 : the tension! lol
[09:32:05] masif1 : hi all
[09:32:50] masif1 : got in on the eurjpy at 160.63
[09:33:02] bros1234 : news messed up eu and dragged gu with it
[09:33:14] masif1 : s/l at 160.23
[09:33:15] Stalion : no trade.....the same data came out on the BBA Mortgage Approvals
[09:33:21] bros1234 : we go back to the charts now
[09:34:33] Stalion : govt interventions(central banks), news releases tends to disrupt the orderly flow of the charts once in
a while....anything can happen,guys...
[09:35:08] bros1234 : Expected the unexpected
[10:16:24] russy : stalion has ej bottom out
[10:25:16] Stalion : if its indeed bottomed out, we put a buy stop @ 160.72...1st target @ 161.20...2nd target @
161.58...40 pip stop loss away...
[10:28:53] russy : stalion . a buy stop @160.72? is that not far from market price . pls i m new to this
[10:29:40] paulsimon : yea, only at that level can u confirm an upward bias
[10:30:20] paulsimon : stallion ill handle this
[10:31:32] tahiti : Thanks PS. What sort of limits and stops are typically used?
[10:34:02] paulsimon : there is a buy stop signal
[10:36:08] Stalion : the buy stop is used wen u anticipate that the market price is going towards ur bias....our bias now is
bullish, since we feel the market has bottomed out...at 160.72, it would have to break 3 pyschological resistance barriers
at dat point...
[15:09:06] Stalion : mixed red report card for US in this New York Session
[15:09:35] Stalion : FUELING UP D GU AND GJ BULLISH MOMENTUM
[15:21:37] russy : euroyen is close to day's call
[15:22:09] eugen3000 : 160.72 + spread as always right stal?
[15:22:09] paulsimon : well its hit 160.75.. so now is a time as good as any to enter
[15:25:02] r2r : looks good Stalion
[15:25:24] paulsimon : did u enter r2r
[15:26:20] paulsimon : did anyone enter the trade or am i the only one like last time..
[15:26:35] r2r : i am in
[15:27:57] takbal : me too
[15:28:03] paulsimon : ok..
[15:28:31] r2r : be ready to ditch if it doesnt break 78 region#
[15:31:03] eugen3000 : i am also in at 74
[15:31:59] paulsimon : im in at 67
[15:33:20] paulsimon : ok, almost near
[15:34:25] takbal : looks promising
[15:34:52] paulsimon : it touched 79
[15:35:05] paulsimon : and there she goes
[15:35:13] takbal : its 83 at me
[15:37:58] wilmart : its really riding high
[15:51:28] Stalion : going higherrr.....
[15:52:15] Stalion : trying to break resistance at the eurjpy 160.97 zone
[15:53:11] Stalion : broken it......next step higher
[15:56:24] russy : stalion wat resistance are u talking about
[15:58:21] r2r : i cudnt bare to look, how is it?
[15:58:28] Stalion : it should break dat resistance....many traders are looking to take roll back their profits at the entry
point in the morning before the fakeout..at least, breakeven..so, dere shud be more buying by now
[16:16:06] tundope : we shld start celebratin now stal
[16:26:46] masif1 : well done Stalion
[16:28:48] Stalion : we are looking to break even on our 1st 40 pip loss in the morning...1st target shud give 48 pips..
[16:29:18] Stalion : 8 pips higher dan our 40 pip loss in d morning
[16:29:24] takbal : I think it is hit already
[16:29:49] wilmart : iT HIT THE FIRST TARGET
[16:31:08] r2r : congrats Stallion
[16:31:21] r2r : i think i am all pipped out for today
[16:31:30] r2r : see u 2moro, tired
[16:32:16] Stalion : yes...I forgot
[16:47:41] orkinv : i just checked and it hit the target
Conversations With Forexgreenland Reloaded Pt 3
[08:42:58] Stalion : Helloo everyone
[08:44:35] paulsimon : thanks guys.. i finally got back my initial investment today..
[08:44:45] Stalion : lol...
[08:44:52] paulsimon : and from today on , im gonna be a disciplined trader..
[09:01:06] caprica1 : is 160.72 still the re-entry point on euroyen then?
[09:03:06] Stalion : yes....dats for the one we entered yesterday morning after getting stopped out...we chill out and
watch the market moves
[09:04:31] caprica1 : if i can get the 40 pips back from yesterday stal, i'll go get my hair cut! lol
[09:05:04] caprica1 : any more than 40 pips and I'll get a back wax!
[09:06:53] Stalion : wat r u saying, caprica?seems u didnt breakeven with us yesterday?
[09:07:08] Stalion : where were you wen we hit 1st target?
[09:09:05] caprica1 : naa, i took the first trade you mentioned and got stopped out. I had to go to work then, so missed
out on the next trade. Not in work today though.
[09:11:20] Stalion : ohh,okay
[09:18:40] Stalion : is dere any news out on d euro?
[09:18:49] Stalion : or gbpusd?
[09:19:42] takbal : there were import prices this morning on EUR, came out as expected
[09:20:58] takbal : no news on GBP or USD, durable goods at 12:30 today
[09:21:32] Stalion : cool
[09:23:38] Stalion : for now, we stay out of the market till we know wats really cooking behind d scenes....
[09:25:53] caprica1 : sounds good to me Stal
[09:26:55] takbal : OK
[09:27:10] bros1234 : masif1...watching the charts...hi stal
[09:28:21] Stalion : though i've got a buy bias on gbpusd,waiting for it to climb up to 1.8510....we wait for a good entry
[09:28:28] Stalion : helloo there,bros1234
[09:37:12] bros1234 : gu(gbpusd) might range for a while
[09:54:14] Stalion : so, for d gbpusd, a good buy entry would be 1.8468...target point @ 1.8510...
[09:55:59] caprica1 : OK, I'll keep an eye on that now Stal, and see what happens.
[09:56:32] paulsimon : ok..
[09:58:06] caprica1 : do you think its worth while placing a pending order for the entry, or just watch it?
[09:59:00] paulsimon : watch it.. looks like its gonna hit it soon
[10:01:35] caprica1 : 40 pip stop as well on that one?
[10:03:02] Stalion : whats the reward ?as in the number of pips from entry to target?
[10:03:59] paulsimon : 42
[10:04:43] caprica1 : yeah 42.
[10:04:54] Stalion : so a 40 pip stop loss is in order....we are on a 1;1 risk to reward ratio
[10:05:11] Stalion : if the buy stop gets triggered at 1.8468
[10:06:07] caprica1 : ok. Cheers. So we set our stop at the difference between entry and 1st target?
[10:08:33] Stalion : yes...and no....caprica...we set our stop loss relative to how many pip reward we want to make on the trade...does not necessarily mean it has to be the difference btw entry and target...
[10:09:57] Stalion : its like we are risking 40 pip stop loss to get a 42 pip reward on this cable trade...dat makes it
approximately 1:1
[10:11:14] caprica1 : ok
[10:11:16] Stalion : if our target range is like maybe 80 pips, on a 40 pip stop loss, we are risking 40 pips to make 80
pips...dat is a 1:2 risk to reward ratio
[10:13:03] caprica1 : i understand now.
[10:13:12] Stalion : so dat even if you lose on the first try, you can breakeven on reentry if sure ur on d right side....on the
80 pip, 1:2 risk to reward ratio, if u lose out on the first try, d second reentry would likely bring u 40 pips to cover up on
d first loss
[10:14:11] Stalion : risk mgt is very important when trading d lmarkets...
[10:17:55] Stalion : so we always apply risk mgt BEFORE entering a trade....having the right strategy is not enough for
we only have so much money to commit on a trade
[10:18:05] bros1234 : am still buy biased today though on gu
[10:20:18] Stalion : with a 40 pip stop loss behind
[10:20:31] teressa : HI sTAL
[10:20:40] Stalion : helloo there teressa
[10:20:43] gilly : on what timeframe do you trade?
[10:21:22] Stalion : I look at ALL timeframes wen trading...
[10:21:27] bros1234 : range range range...somethng will soon pop out
[10:21:59] Stalion : but as we are on intraday trading, its simpler to focus on the hourly, 15 min and 5 min timeframe
[11:26:41] masif1 : did we have a second target for cable?
[11:27:16] Stalion : remeber guys, 1.8510 for 1st target...1.8522 for 2nd target
[11:29:09] caprica1 : the eurjpy i getting close to the re-entry point as well Stal.
[11:29:41] Stalion : lets wait n see, mon ami....in this business, anything can happen...d storm is not yet over..
[11:30:37] caprica1 : 160.72 re-entry target paulsimon
[11:34:37] caprica1 : whats the dirty little thing doing to us now? Thats the wrong way. Everyone think up at the same
time, and we can move it with thepower of our minds. lol
[11:35:55] Stalion : do I smell tension in u,cap?
[11:36:26] caprica1 : you've got an amazing sense of smell from all the way over there! lol
[11:36:43] bros1234 : patience we ar going up
[11:37:47] r2r : usd news in 2 hours might propel the price up
[11:38:04] r2r : core durable goods orders
[12:37:13] paulsimon : ok good she's coming home to me
[12:38:21] r2r : come to papa
[12:40:52] caprica1 : go cable, go cable, go go go go. Go cable, go cable.
[14:05:23] Stalion : Economists expectations on the US news were lower than the previous...but wen the actual reoprts
came in, it was higher dan expectations...dat fueled d dollar rally and brought GBP down
[14:05:33] Stalion : stopped out ...
[14:05:58] Stalion : not yet, masif....we are on standby...for now, only euroyen trade is on...
[14:06:06] caprica1 : we still gonna keep the targets the same for the gbp trade if it happens stalion?
[14:07:23] Stalion : remember, if gbpusd confirms its downtrend, we should also be looking to profit from dat too...no
need being mentally rigid...dats intraday trading for u
[14:07:53] caprica1 : of course.
[14:10:54] Stalion : yes.....we follow trends with calculated risks...not blindly...dats why we need patience to allow d trend unfold
[14:12:23] Stalion : the extreme results from dat is either leaving profits on the table or having unnecesssary losses
[14:14:57] caprica1 : understand. I'm still learning Stal.
[15:04:07] Stalion : time to sell gbpusd
[15:05:04] paulsimon : ok ready..
[15:06:29] eugen3000 : finger crossed ;-)
[15:06:51] paulsimon : did u mean sell at market or shd we wait for ur signal
[15:07:00] caprica1 : sell?
[15:07:44] Stalion : yes....we put a sell stop @1.8395, target point @ 1.8351
[15:14:40] caprica1 : rite.
[15:14:44] tundope : g/u shld fall to as low as 1.8328
[15:14:49] Stalion : if price breaks our sell stop on its downward move, dat means d bearish momentum is confirmed
[15:23:03] paulsimon : sell triggered
[15:24:25] Stalion : cable sell stop triggered
[15:27:45] caprica1 : damn it my compter froze. Didn't get in until 1.8392.
[15:29:00] Stalion : how come,cap?
[15:29:36] Stalion : thought u wud've left a sell stop pending order in place
[15:31:25] r2r : what effect would crude oil inventories have on usd?
[15:32:10] caprica1 : when I place pending orders I must be doing it wrong, because it doesn't trigger the order, it just
closes the pending order.
[15:33:03] Stalion : Change in the number of barrels of crude oil held in inventory by commercial firms during the past
week;
[15:33:09] Stalion : No clear effect, there are both inflationary and growth implications;
[15:36:48] r2r : -0.1% actual
[15:36:48] Stalion : now, d fireworks start again
[15:48:31] Stalion : looks like as euroyen is going up, gbpusd is following
[15:48:46] paulsimon : shall we get out
[15:51:45] Stalion : not yet...
[15:51:47] Stalion : brb
[15:51:58] r2r : if it retraces beyond 18421 my reason to be short is invalidated
[15:51:58] caprica1 : do the longer charts not still show a short trend for GBPUSD Stal?
[16:01:25] tundope : ride on g/u
[16:01:40] Stalion : we need to have d discipline and patience to stick to our trading plan...
[16:03:03] r2r : come on down!!
[16:04:59] tundope : wuts ur 2nd target on d trade stal?
[16:05:41] Stalion : easy, r2r......
[16:06:07] Stalion : no need to scream at d keyboard...
[16:07:37] r2r : lol
[16:08:53] Stalion : i believe d 1st target was 1.8351
[16:09:42] tundope : yep
[16:09:49] tundope : av u got a 2nd target
[16:09:57] caprica1 : is there a 2nd target?
[16:10:08] masif1 : nearly there
[16:10:09] tundope : 328 shld be ideal
[16:11:20] Stalion : 2nd target is 1.8338 on the cable
[16:13:11] tundope : though i still expect it to go lower
[16:14:05] eugen3000 : would you suggest to move sl 20 pips lower to 1.8415, Stal?
[16:16:28] takbal : target hit
[16:16:33] masif1 : first target hit!
[16:16:53] Stalion : how many pips are we at now,eugen?
[16:17:13] eugen3000 : 44
[16:17:21] r2r : yum yum
[16:24:19] caprica1 : still waiting for ej trade to break out of its little level it's in and hit 2nd target.
[16:25:14] Stalion : 1st target hit....2nd target hit on the gbpusd...
[16:28:24] masif1 : yipee!
[16:28:25] Stalion : any doubts now,masif?
[16:28:37] masif1 : made some money today
[16:28:40] caprica1 : cool just hit 2nd target
[16:29:10] eugen3000 : thank you Stalion, made back up my losses from today morning, thank you again!
[16:29:21] masif1 : 1.8324
[16:29:22] eugen3000 : + some extra cash on the 2nd target, hihi
[16:30:48] caprica1 : after this mornings loss I'm 15 pips up on the day.
[16:50:25] caprica1 : on a plus note my eej trade closed out, +50 pips, so thats +65 pips for the day. Muchas Gracias
Helloo everyone, hope you'all having a great weekend..We didnt post any profits Thursday and yesterday due to the fact
that the dollar pushed the euro and other currencies lower yesterday after the second quarter GDP surprised on the
upside against expectations. After some considerable low volume range trading(attributed to the upcoming US Labour
Day weekend), the dollar rebounded on the GDP news, but it couldn't hold onto the gains, as the euro and the rest of the
majors mounted a comeback in the overnight markets.Bottom line, we scratch off those trades and say NEXT!!.
Hey, someone sent in this letter...dont know if you cud help...
This is the message that was sent:
***************
Hi, I didn't want to use up the space in your thread so I thought I'd ask you privately where can I get the Jacko Trend indicator? I've looked in the Jacko's House of Pleasure and Pain thread at forexfactory but didn't find it. Thank you for any help. Anonymous.....
Helloo everyone, hope you'all having a great weekend..We didnt post any profits Thursday and yesterday due to the fact
So, you're posting only profitable trades. Interesting 
. It's good to show only the good ones...
Jus being honest,linux..I post daily trades whether breakeven, profitable or not...The rationale is to get the reasoning behind every successful and unsuccessful trade, AND to learn from them. Its a question of trading morale, in the pyschological point of view. Too bad you didnt deem it worthy to constructively contribute until now,linux 
. Keep it up,man.
Remember nothing is 100% perfect in trading.The golden goal is to maximize profits and minimize losses.
[QB] hello stallion.
you know what they say, you win some you lose some. it's all good though, because there is always another day, another trade.
have a great weekend and happy trading.
JV [/QB]hi
hi mate
how can i get that jacko trend?
thx
mason
Rumpled One?
Is this AKA Rumpled One, Code Muncher, and who knows how many other aliases? The same one who posts meaningless indicators and drivel all over forex land, attempting to impress anyone who'll listen?
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