Wow I didn't know it was your birthday Feb!!!
In that case.
Happy Birthday!!!!!!! This one is on me.
In that case.
Happy Birthday!!!!!!! This one is on me.
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Lusan Journal III 156 replies
Eas under construction III 24 replies
Azzity's Trading Journal III (Azzity's 3/30 Trading Method) 9 replies
forexnoob101's journal - part III 8 replies
Would you trade this system? New system #2. 10 replies
DislikedHello Feb, thanks for sharing and started this new thread. I have a couple of questions about when to apply System III. For example, you said you took some nice trades last week and we were in a choppy market. Under normal conditions, especially during the london/newyork session, runners occur frequently and eventually against an existing position as you said. Under these conditions any clues ? What about the asian session, there are plenty of opportunities to play ping pong. How do you set a reasonable stoploss ? UmbroIgnored
DislikedMy 2 cents: This method is not just successful during ping pong periods. Every trend starts from an area of support or resistance so its up to you to manage your trades for the runners. If I have a trade go against me breaking out of a level in the opposite direction I then wait for a retrace back to the support/resistance level before going in the new direction. If I miss that as long as i get in on a pull back where there is room to move (i.e distance from entry to next support/resistance level), you can recover any losses from the previous move...Ignored
DislikedHi FEB... and sorry for being late, but anyways, HAPPY BIRTHDAY!
I wish you'll receive thousands of times what you have given me. First post in System II truly changed my way to look at markets, and possibly enhanced my life.
I will keep an eye in your new creation. So far I read everything on this thread, but will have to change my mind to understand exactly what you are doing.
Take care!Ignored
Disliked
If you're trading anything lower than a daily chart, just forget about the trend - there's no use.. Oh yeah will be so easy "if the market is up - buy...if the market is down...sell" but for how long will be down or up??? who knows???...who cares??
A valid move AKA TREND must have enough sellers or buyers IN agreement about the market bias. That requires plenty of time.Ignored