The System II (Yes with irony)

FxAchilies,

Well put my friend.... as Feb has said in the past "be a predator not the prey". One thing we need to be careful with is being able to tell the difference between getting on the "bus" right away and overtrading. Overtrading sneaks in when we can't accept that the market handed us a loss. Set a limit ... when I have X of losses... I will close shop and wait until tomorrow... "wash and rinse"...

Good Luck to all

A 20 pip loser. On hindsight looks like the chop monster. Oh well, waiting for the next one.

+50 pips from 3 trades so far.

Great thread - just read start to finish, have to reread and absorb, been trying a few things lately - and just end up losing more - confused trader at the mo - I have in the maiin exclusively traded £/$ - occas e/$ when correlation was good, but man, the chop monster had eaten me alive. I like simplicity as I'm not the sharpest spanner in toolbox, but at the mo I'm at bit afraid of it all, and feel like broker feeding fodder, due to months of losing, erodes confidence in ability to trust ur own judgement. IMO Fx has been hard and perplexing in past few months, things change and u have to learn to change with it.

I thank u all for the continued effort in this thread considering when it started out we were still in uptrend, then came the big downtrend, and as the saying goes 'trend is ur friend' by comparison to todays market was relatively easy to hang on in and get profit eventually.

I like the ethos of u don't know what is going to happen next, thus its about limiting loss rather than gain.

I have one question tho - Currently swing highs and lows - On daily - are more often than not buy/sell areas so if u trade the breakout more often than not the breakout is fake and u are prone to getting hammered, I assume when u are talking about the breakout of swings it is when price is not at major swing high/lows and depends on preceding price action - that titbit alone from Feb was like a lightbulb - or do you just trade it as norm with the same parameters of limiting loss?

I hope Feb is recovering and thanks to Achilles, (and others) for continuing the thread. I will reread and hope to partcipate...once I know how to post charts!!

cheers and thanks again, some great stuff here.

Hello everyone, I hope you all had a nice weekend. I be trading live for most of the day, depending on market volitility due to bank holidays.
G/U setup.



http://www.forexfactory.com/images/attach/gif.gif

Hi to ALL!!!

The new set up on G/U with strong momentum.

and a new one on G/U

... and another on E/U

Where are you, guys???

I'm around and waiting for setup.

I'm waiting for pullbacks here and there (E/U and G/U)

Yeah, we share the same idea

Good job Dim & ahlude keep it up, I got a little busy with unexpected matters I will keep an eye as much as i can today. Looks like on G/U we are in the choop monster for now. My first trade on G/U went south for 19 pips loss but on the next one got 51 pips profit, it looks like you guys banked some too on that runner.

see later for now.

London session is very nasty for trading...

Hi traders,
Possible reversal in the making, fractal 1 is broken, pullback is also in the making. But what I want to show you guys now is this,
you all know that on reversals sometimes the market runs for 100+ pips without giving us any PB even a shallow one, so how do you get on the bus?
I place order right above the break of fractal 2 and test the market right there to not miss out.

Any questions let me know.
I hope it helps.
http://www.forexfactory.com/images/attach/gif.gif

E/U setup

http://www.forexfactory.com/images/attach/gif.gif

I got in that one too, bailed out for -10pips. Looking to re-enter unless it makes a LL

I lost 12 on E/U and 11 on G/U... two losers so far, no problem...

Hi! Fxahilies! Can you show your charts? For me they will be like example.

I still learn how to manage my trades, and will stop me when my studium givs me feeling of the market... (sorry if there are mistakes in my speak).


Thank you!

2 losers in E/U for 19 pips total, and one winner one loser in G/U for 2 pips total. Choppy day so far.

E/U & G/U looks to be setting up again.

Hi, Hakga!!! Can you show your charts too? I just want to look at they and do elaborations.


Thanks!