Another play could be go long @25 area with a tight stop looking back to 45?? well maybe...bears can still push the market further down...will do it with a light load just in case....
Peace
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
DislikedMorning!
I see today two areas - 3824 as resistance, and 3775 as support.Ignored
Dislikedtarget 05 reached...rocky morning for me pretty much. Still under for a small percentage but at least happy I could recover some of the lost profit. Let's see what happens next.Ignored
DislikedHey Feb, since you mention System II - I've been trying to make this work....Ignored
DislikedI don't endorse system II anymore. I made a mistake to mix my scalping techniques with a medium-range trading. There's a post I made around Dec 2008 that I explain why I am pulling myself away from the thread. This is where the whole thread changed to the FCR craze and although I went with the flow for a little while, FCR was a complete other concept which I never fully endorsed.Ignored
DislikedBut I think the original concept (first 10-50 pages) of systen II is still good for traders.... once we have seen the initial swing of the centrifugal price moving - then we have a good chance to trade it......Ignored