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The System II (Yes with irony)

  • #1,101
  • Mar 16, 2009 9:51am Mar 16, 2009 9:51am
FXachilies,

I took a short slice out of that same trade when the 3060 area resisted. Tks for your charts.

________________
  • #1,102
  • Mar 16, 2009 9:52am Mar 16, 2009 9:52am
whats going on no one participate in this thread anymore?
  • #1,103
  • Mar 16, 2009 9:59am Mar 16, 2009 9:59am
Quoting acetrader
FXachilies,

I took a short slice out of that same trade when the 3060 area resisted. Tks for your charts.

________________
Nice job, its a great day. I have banked over 180 pips up to now. Thanks to Feb for this simple trading I am totally a different trader then two weeks ago.
By the way any news from him in regards to his journal?
  • #1,104
  • Mar 16, 2009 10:02am Mar 16, 2009 10:02am
another tp was hit on eur/usd early NY open session.
http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 124.gif Size: 24 KB
  • #1,105
  • Mar 16, 2009 10:07am Mar 16, 2009 10:07am
Quoting fxachilies
By the way any news from him in regards to his journal?
Already up and running:

http://www.forexfactory.com/showthread.php?t=158039
  • #1,106
  • Mar 16, 2009 10:24am Mar 16, 2009 10:24am
Quoting hakga
Already up and running:

http://www.forexfactory.com/showthread.php?t=158039
Thank you.
  • #1,107
  • Mar 16, 2009 10:28am Mar 16, 2009 10:28am
I am here guys.


The journal is just for my trades.

Nice work FXachilies!!
Peace
  • #1,108
  • Mar 16, 2009 10:41am Mar 16, 2009 10:41am
thanks feb for the simplicity ,
  • #1,109
  • Mar 16, 2009 11:55am Mar 16, 2009 11:55am
Quoting gjworley1952
thanks feb for the simplicity ,
always happy to help.
Peace
  • #1,110
  • Mar 16, 2009 12:30pm Mar 16, 2009 12:30pm
Quoting feb2865
I am here guys.


The journal is just for my trades.

Nice work FXachilies!!
thanks for the journal.
I will read and watch it but not post there cause i think best for System II users is to continue posting here. From your journal i would likd to learn your exit strategies cause a have no problems with the entry but with exits.

so thanks again for the good work youre doing here, helping other traders !
  • #1,111
  • Mar 16, 2009 2:10pm Mar 16, 2009 2:10pm
Quoting feb2865
I am here guys.


The journal is just for my trades.

Nice work FXachilies!!
Thanks to you Feb. as soon as i heard your journal is up and running i switched over but i am glad to know that this thread still will be alive. i be following both with passion and willing to learn more and more from such aswsome teacher like you. Let me know if i am being a pain (asking toomany questions and all). I love the journal but not so clear and comfortable with the levels yet hopefully I get there soon.

Thanks.
  • #1,112
  • Mar 16, 2009 3:40pm Mar 16, 2009 3:40pm
Quoting MJurban
thanks for the journal.
I will read and watch it but not post there cause i think best for System II users is to continue posting here. From your journal i would likd to learn your exit strategies cause a have no problems with the entry but with exits.

so thanks again for the good work youre doing here, helping other traders !
Exits - I use R:R Ratio or the next level. I'll shoot for R:R but if I see the market stalling on a level , I might consider out. All depends.
Peace
  • #1,113
  • Mar 16, 2009 3:42pm Mar 16, 2009 3:42pm
Quoting fxachilies
Thanks to you Feb. as soon as i heard your journal is up and running i switched over but i am glad to know that this thread still will be alive. i be following both with passion and willing to learn more and more from such aswsome teacher like you. Let me know if i am being a pain (asking toomany questions and all). I love the journal but not so clear and comfortable with the levels yet hopefully I get there soon.

Thanks.
No problem. I am always happy to help.

About the levels - take your time. You'll get there. I'll walk you thru.
Peace
  • #1,114
  • Mar 16, 2009 8:32pm Mar 16, 2009 8:32pm
Hello
i have a question:
When starting trading session, do you take every new LEVEL or is there some kind of a rule not to take each and every hickup if there is no clear trend

in the Picture i show the first 5 trades from yesterday start GMT 00:00 on demoaccount with the simulator.
I missed the very first breakout what would have been a good trade in the hintside but after that i tried to pic up every new level.
What do you think, is there to much action in this kind of trading?
too many trades or is it OK to trade each new High/Low?
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h1-0017.JPG Size: 97 KB
  • #1,115
  • Mar 17, 2009 1:54am Mar 17, 2009 1:54am
Hi everyone, early London trading session. Texbook Feb style trade tp hit less then 5 min.
http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 130.gif Size: 26 KB
  • #1,116
  • Mar 17, 2009 1:59am Mar 17, 2009 1:59am
Quoting fxachilies
Hi everyone, early London trading session. Texbook Feb style trade tp hit less then 5 min.
http://www.forexfactory.com/images/attach/gif.gif
sorry wrong chart
http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 130.gif Size: 26 KB
  • #1,117
  • Mar 17, 2009 3:29am Mar 17, 2009 3:29am
Quoting MJurban
Hello
i have a question:
When starting trading session, do you take every new LEVEL or is there some kind of a rule not to take each and every hickup if there is no clear trend

in the Picture i show the first 5 trades from yesterday start GMT 00:00 on demoaccount with the simulator.
I missed the very first breakout what would have been a good trade in the hintside but after that i tried to pic up every new level.
What do you think, is there to much action in this kind of trading?
too many trades or is it OK to trade each new High/Low?
only clearly defined levels. But I have an eye on the hiccups.
Peace
  • #1,118
  • Mar 17, 2009 3:31am Mar 17, 2009 3:31am
Quoting feb2865
only clearly defined levels. But I have an eye on the hiccups.
Instead of trend, think better on swings. But don't attach yourself to any particular bias (long/short) on five minutes is irrelevant.
Peace
  • #1,119
  • Mar 17, 2009 3:57am Mar 17, 2009 3:57am
Quoting feb2865
Instead of trend, think better on swings. But don't attach yourself to any particular bias (long/short) on five minutes is irrelevant.
thank you for answer, i already was expecting somthing simular.

The 1. Trade early that morning, i think it was a good one,
the 2. right after breackfast , i closed early before SL , dit not like the wicks on the candles.
I will wait for better PA movements
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h1-0018.JPG Size: 71 KB
  • #1,120
  • Mar 17, 2009 4:24am Mar 17, 2009 4:24am
FXachilies,

Nice textbook trade. Thats what I like about The System II....the get in, get it & get out approach it offers. Thanks for the charts you post.
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