it's worth it to get up early on expirations day
Peace
We all need pivots to win..yes or not? 13 replies
The System (Irony included) 1,175 replies
DislikedMy trade was a hint from correlations. Kinda risky in my opinion.
but here's a safer way to get that move..... using this strategy
notice the arrows...possible entries....... shallow pullbacks...sweet
I calculate ATR stops to keep me on the move...Ignored
DislikedYes Feb that's what I was talking about early Unfortunately I was able to pick only latest entry point but i'm happy also with 9 pipsIgnored
Dislikedthe hardest part for us here on USA is to wake up early to be on the lookout on these kinda moves.....I mean you have decent swings on New york session. tooIgnored
DislikedHi
I thought I would post my first System II trade and would love to get some comments/feedback
I used the fib tool to identify the swing points and it was interesting to see the 50% line being used as a support.
Conclusion:
1. The break out happenedat 164.42 but i didnt realise i should have put a limit order ( I just cannot work out how to put a limit order into Mt4!! - need to spend some time to research that).
2. I entered the trade manually at 164.59 (with a 20 TP (164.78) and 20 SL (164.37)) with a 0.1 lot
Outcome:
closed at a loss of $2.10
Lesson Leant: The market just hasnt decided to move in any direction (could be with the fact its Friday afternoon (BST) and the duration of the candles/time it took to "breakout".
Bugger !!Ignored
DislikedHi
I thought I would post my first System II trade and would love to get some comments/feedback
I used the fib tool to identify the swing points and it was interesting to see the 50% line being used as a support.
Conclusion:
1. The break out happenedat 164.42 but i didnt realise i should have put a limit order ( I just cannot work out how to put a limit order into Mt4!! - need to spend some time to research that).
2. I entered the trade manually at 164.59 (with a 20 TP (164.78) and 20 SL (164.37)) with a 0.1 lot
Outcome:
closed at a loss of $2.10
Lesson Leant: The market just hasnt decided to move in any direction (could be with the fact its Friday afternoon (BST) and the duration of the candles/time it took to "breakout".
Bugger !!Ignored
DislikedHi, pervaz
looking at your chart, i would say the stoploss for this trade should be below the 50% Line
It is a very wide stoploss , so i would not have taken this trade
But as skyline says feb is the master we will wait for his commentIgnored
DislikedHi
I thought I would post my first System II trade and would love to get some comments/feedback
I used the fib tool to identify the swing points and it was interesting to see the 50% line being used as a support.
Conclusion:
1. The break out happenedat 164.42 but i didnt realise i should have put a limit order ( I just cannot work out how to put a limit order into Mt4!! - need to spend some time to research that).
2. I entered the trade manually at 164.59 (with a 20 TP (164.78) and 20 SL (164.37)) with a 0.1 lot
Outcome:
closed at a loss of $2.10
Lesson Leant: The market just hasnt decided to move in any direction (could be with the fact its Friday afternoon (BST) and the duration of the candles/time it took to "breakout".
Bugger !!Ignored
DislikedHi Feb
Just wanted to say that it's a privilege to learn from someone so experienced and your insights into the market make for excellent reading .
I only follow posts from a few 'legends' on FF and will certainly be subscribing to your thread.
I feel another AHA moment is about to happen!!
ForexhenIgnored
DislikedSame here. Feb's method is so uncomplicated - really enjoying the experience. And Feb, thanks for that little jewel regarding options. We need every edge we can get. I'm on the east coast too. Have to stay awake for the London open. Frankfurt usually has a move at 2am. Thanks to Skyline ( I hope Amauri goes to Juve) for his unselfish contribution - trailing stop ea. Have a great weekend to everyone.Ignored
Dislikedhi feb,1 question here.account to Pervaz's chart,he is waiting for the Long entry.what if price never break previous high but starting to break 50 level,will go Short?Ignored
DislikedC'mon Feb come here in Italy, it's perfect to catch both move from London+NY and food is better than USA eheheIgnored
DislikedI didn't read this post sky!!
I love Italy...with passion.
The food, the wine....the people....the women LOL
I have many reasons to love Italy
I guess I am kinda chicken to leave this country Actually I've been planning to go Italy on vacation this summerIgnored