MAKING 85+ PIPS OUT OF CABLE BULL RUN

Joined : 23 Dec 2007 Posts : 239 Location : Nigeria

09:45:12] chesa : cremecche are you here?

[09:48:13] tundope : hi chesa

[10:17:35] chesa : tundope let me have ur yahoomessanger id

[10:20:38] tundope : tundope2002

[10:24:10] Stalion : hi everyone

[10:24:42] ejiro : who is trading the 10.30 news?

[10:25:27] Stalion : at 1.9473,we should be seeing gbpusd go up to 1.9512

[10:25:58] Stalion : its 11.25 a.m rite now,ejiro

[10:26:05] ejiro : At 10:30 a.m naija time we will have U.K. Retail Sales m/m coming out. It is expected to come out at 0.25% (some people say 0.2% and some 0.3%). If it comes out at 0 or negative, I think it would be a good sell signal on GBP/USD or GBP/JPY, looking for 50

[10:27:25] Stalion : sorry,my system's time needs some monor adjustments

[10:30:26] Stalion : dat wud be our first target

[10:30:39] Stalion : first target hit!

[10:32:14] Stalion : 2nd target 1.9558

[10:34:51] Stalion : remember your stop loss,which should be at least 35 pips below,with ur pip spread...or put a trailing stop of 20 to 25 points along with the price action

[10:36:51] tundope : did u trade on d news there stal?

[10:42:41] Stalion : nope....but was aware of it as I was trading...gbpusd had already formed a 1-2-3 bottom on the 15 minute chart,and d news expectation was bullish...synchronizing both news and tecnical analysis brought about the successful trade,tundope

[10:44:29] tundope : dats cool

[10:46:31] Stalion : seems price still got enough momentum left to go up...c'mmon, gu...u can frigging do i!

[10:47:15] tundope : it looks like we're seein some resistance

[10:50:23] tundope : yep, dat does it for d buyers

[10:50:45] tundope : the price will come down now

[10:50:56] ejiro : At 2:30 a.m.naija time, we will have U.S. Initial Jobless Claims. It is expected to come out at 345 K. If it comes out at 370K or more, sell USD/JPY and look for 30 to 35 pips move. If it comes out at 330K or lower, I would buy USD/JPY and look for 30 to

[10:51:11] ejiro : sorry 2.30 p.m naija time

[10:51:30] Stalion : dats what we call profit taking,mon ami
[11:14:02] Stalion : 2nd target hit at a high of 1.9557,pip spread at bid took care of the 1 pip difference..anyone else got to the 2nd target?

[11:14:27] tundope has joined the chat the Thu Feb 21, 2008 11:14 am

[11:17:49] Stalion : u could still stick with the trade if ur 2nd target hasnt been hit..price looks like its going on a retracement before moving up

[11:18:45] chesa : is it the buy trade stal?

[11:20:26] Stalion : back to the second target again...and yes,it is...but if u werent in earlier,pls dont chase the trades...there are many more opportunities to come,chesa..

[11:22:38] chesa : thanks stal

[11:23:40] Stalion : 2ND TARGET HIT YET AGAIN !!

[11:25:14] Stalion : PRICE IS AT 1.9561 AT THIS PRESENT MOMENT..85+ PIPS ON A THURSDAY MORNING

[11:26:14] tundope : congrats stal