67 pips made,$67 in a mini,$670 in a standard acct

Joined : 23 Dec 2007 Posts : 241 Location : Nigeria

Except from the forex chatroom

[08:29:08] blueassets : hello everyone.

[08:29:48] blueassets : hi Stallion

[08:34:41] Stalion : hi blueassets

[08:36:21] blueassets : look at the GU pair, cable

[08:37:24] blueassets : it moved so early o,

[08:37:33] blueassets : whats your view on the GU

pair?

[08:38:57] Stalion : well, its at the 61.8%

retracement level , and we might be seeing a drop

to 1.9750 in no time

[08:39:44] blueassets : drop like a titanic Ship, ?

[08:40:00] Stalion : watabout gbpjpy from your

end?

[08:40:13] blueassets : i think i have to pull out

my longs, !!!

[08:40:27] blueassets : let me check, !!

[08:41:45] Stalion : not yet, mon ami

[08:43:01] Stalion : MACD is still on the upper

water level, which means the trend is still on the

upside

[08:43:51] blueassets : k, looks like the GJ will

extend a barrage of greetings to the short

traders, in order words, it might move up!!!

[08:44:32] Stalion : study In economic news, the

British Retail Consortium Tuesday released its

report on retail sales for December. The report

found that overall sales for the period rose by

2.5%, with like-for-like sales increasing by 0.3%.

The BRC described the data as

[08:45:01] Stalion : showing the weakest

performance for the retail sector in the month of

December since 2004. The trade group also called

on the BOE to cut interest rates to avoid an

overall decline in the retail sector in 2008.

[08:46:26] Stalion : 1.9819 should be the next

level for gbpusd to reach after breaking out in d

upside

[08:46:59] Stalion : what do u think?

[08:48:08] blueassets : sunny cool, yeah i had

some longs, stil hoping it shoots higher,

[08:51:09] Stalion : like a rocket, mon ami, d

cable had taken some beating during d past few

weeks, should be ripe for a rally this time around

[08:54:26] blueassets : Euro Zone retail sales

should be out 10am GMT

[08:55:48] blueassets : brb

[09:10:34] Stalion : cable is reaching upwards to

my first target of 1.9819, seems it still have some

steam left to go higher even to 1.9822,

[09:14:17] blueassets : i'm back in hehehe

[09:20:46] Stalion : welcome back

[09:28:13] blueassets : nice, hoping the GU will

hit 9875

[09:29:59] Stalion : 1st PRICE TARGET HIT!!!

[09:30:58] Stalion : lol!

[09:33:22] Stalion : 1.9822 HAS ALSO BEEN HIT!!

[09:40:51] Stalion : (RTTNews) - The British

pound strengthened against its major

counterparts in early deals on Tuesday. At about

3:35 am ET, the pound was worth 1.9827 against

the greenback and 217.17 against the yen.

[09:48:34] Stalion : next target for price as it

breaks upward our 2nd target of 1.9822 is

[09:49:08] Stalion : 1.9844 for gbpusd

[10:20:58] Stalion : on the downside, gbpusd is

likely to retrace 1.9780

Stalion : [10:20:58] Stalion : on the

downside, gbpusd is likely to retrace

1.9780, DOWNSIDE TRIGGER HIT!!!

[10:48:38] Stalion : Price have retraced to 1.9780

as at the time of writing , lol!

1.9753-1.9686=0.0067
1.9718+0.0067=1.9785

67 pips made, $67 on a mini acct, $670 on a standard account.