Nigerian Forum

Helloo Folks,
We thank God for bringing us to the begining of another brand new week and we give Him the

glory in ALL things..

This is Stallion,veteran forex trader and mentor. I would be reviewing strategic tips on

how the major currency pairs can be milked. Though I specialize in gbpusd, other pairs

would also be taken into consideration during our analysis.

It has been theorized that your state of mind will dictate your trading methods. Experts in

the field of trading psychology have pinpointed three main states of mind and how each has a

direct effect on a trader's profitability.

These three mind states are "having", "doing" and "being". Psychologists have noted that

those new to trading start with a "having" state of mind. As they gain more experience,

they move on to a "doing" state of mind. The pinnacle of profitability occurs when a trader

moves into the last and final "being" frame of mind.



The "Having" Mind Set
A novice trader may focus primarily on profits. In this "having" state of mind, they are

out of sync with the markets. They are blinded by their obsession to obtain the all mighty

dollar and what it can afford them. Trading is not viewed as a job that must be mastered,

but as a vehicle to escape from a world of mediocrity.

Many traders are in the business to make money, as well as they should be. However, if they

are blinded by greed, they tend to take uncalculated risks. Looking at the potential payoff

without carefully calculating market trends and other factors is a recipe for disaster.

It is impossible to graduate to a high performance level when you concentrate on "having"

instead of how the game is won. If you trade in a "having" frame of mind, you may become

frustrated when profits are not immediately forthcoming. With frustration comes a lack of

focus. Without the ability to focus, you cannot gain knowledge from your experience on the

trading field.

Other negative consequences of this mindset are feelings of frustration and anger.

Frustration stemming from a lack of expected profits and anger directed at oneself or the

market in general. These adverse emotions will only cause further decline in profitability.

Without witnessing gains from one's efforts, an individual may not give their best and may

be tempted to "throw in the towel".



The "Doing" State of Mind
If an individual continues on to trade another day, they will eventually move from a

"having" to a "doing" state of mind. Learning that there is more to trading than the

amassing of money, a trader will turn their focus on learning new methods of trading and

what does and doesn't work.

This state of mind is still primarily centered on how to turn a profit. Although a "doing"

mind state is essential to becoming a seasoned adept trader, the main focus is still short

of the mark. It is crucial to know what works and what doesn't. However, a skilled trader

will tell you there is more to the business then choosing one method and using it

arbitrarily to make trades across the board.

Becoming a trader of means requires not only a winning attitude, but also a fine honing of

trading skills. To develop these skills, you must make trades using various methods under a

wide spectrum of market conditions. Only then can you develop the needed intuition to

master the art of trading.



Pinnacle of Profitability: The "Being" State of Mind
A successful trader almost instinctively knows how to make a trade using the best method

available for the current market trend and/or condition. This ability does not occur

overnight. It is only accomplished through perseverance, knowledge of various trading

methods and learning which one works given a particular market condition.

No trade is ever a "sure thing". However, a profitable synchronicity almost naturally

occurs when you are faced with a potential trade, have a feel for the current market trends

and conditions, and utilize the method best suited for a potential payoff. This "being"

state of mind ultimately lends itself to long-term success in the high stakes of trading.

We put a sell stop on GBPUSD @ 1.5220
1ST TARGET @ 1.5145
2ND TARGET@ 1.5127
3RD TARGET@ 1.5068
STOP LOSS @ 1.5285

Greetings, Folks,
It is good to be back again. At last the First Edition of the bestselling book, ''Review of
Strategic Tips on Milking the Forex Markets'' is out!
This 110 page manuscript exposes the secret blueprint behind my Chart Projection Strategy that was used to predict the 2008 global economic recession.
It shows where the market prices are going and how far it takes, through the use of chart
patterns. Whether you are looking for 10 pips or more than an 100 pips, the Chart Projection Strategy would take you there.
It also shows how you tap into your ''Holy Grail'' in the psychology of trading by the
application of the Silence.
Never-before-seen excerpts from the Conversations With Forexgreenland is also included for both new and experienced traders and investors that would blow your mind!

Download the ''Review of Strategic Tips on Milking the Forex Markets'' on Kindle and Lulu

http://www.lulu.com/product/ebook/revie ... s/10658202

http://www.amazon.com/dp/B003I84MRI

Please feel free to send your comments and questions...

God bless..

Helloo folks,
On Wednesday, we saw the cable (GBPUSD) yield up a total of 93 pips through the second target

@ 1.5127.

[quote="Stalion"]Greetings, Forexgreenlanders,

We put a sell stop on GBPUSD @ 1.5220
1ST TARGET @ 1.5145
2ND TARGET@ 1.5127
3RD TARGET@ 1.5068
STOP LOSS @ 1.5285[/quote]

[img]http://i62.servimg.com/u/f62/11/82/15/01/93pips11.gif[/img]

MACD had a bearish convergence with price which gave us a clue that the cable was going down. Support was already broken at that point and it was a free fall of 93 pips that we had.

This Friday, we are seeing GBPUSD MOVING DOWN YET AGAIN, AFTER A BULLISH RUN UP...WHAT IS TO

BE? TO BE OR NOT BE?

Sell stop on GBPUSD @ 1.5310…..

http://forexgreenland.foruma.biz/forex- ... 0.htm#2005

[quote="Stalion"]

This Friday, we are seeing GBPUSD MOVING DOWN YET AGAIN, AFTER A

BULLISH RUN UP...wHAT IS TO

BE? tO BE OR NOT BE?

Sell stop on GBPUSD @ 1.5310
1st target @ 1.5295
2nd target @ 1.5265
3rd target @ 1.5235
stop loss @ 1.5350[/quote]

Hello folks,
Before the opening of the forex markets today, we saw price making an

intermediate high of 1.5324, 26 pips less than our stop loss loss at

1.5350. Monday morning saw GBPUSD dropping a bearish gap beyond our 2nd

target of 1.5265, tearing down even beyond our 3rd price target of

1.5235.
That made us approximately 75 pips~ $75 minilot,$750 standard lot on

the cable.

[img]http://i62.servimg.com/u/f62/11/82/15/01/ggg10.gif[/img]

The head and shoulder pattern was used to generate 75 pips on

Friday/Monday..

So how do we project those head and shoulder price

targets for profitable trading?GBPUSD, AS THE TIME OF MY WRITING THIS,

IS GOING FROM 1.5260 TO 1.5280.
Study Chapter 1 of the Review of Strategic Tips on Milking the Forex

Markets book: and if you dont know,
now you know...traders!

[quote="Stalion"]
Sell stop on gbpusd @ 1.5160
1st target @ 1.5118
2nd target @ 1.5075
Stop loss @ 1.5210[/quote]

Helloo folks,first of all, I want to express my condolences to the

family of our late President of Nigeria..Alhaji Umaru Yaradua. Also to

the family of Dagrin and also to those that have lost their loved ones.

May God give them the strength and fortitude to bear their loss, and

move on to greater heights..


Having said that,GBPUSD is having a roll on the bearish dust for a

couple of days now. More than 85 pips,$85 minilot,$850 standard lot was

made on that call. And it is still declining....

[img]http://i62.servimg.com/u/f62/11/82/15/01/gtfbn10.gif[/img]

Buy GBPUSD @ 1.4813
1ST TARGET @ 1.4853....
http://forexgreenland.foruma.biz/forex- ... 0.htm#2029