The System II (Yes with irony) | Page 77 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

We all need pivots to win..yes or not? 13 replies

The System (Irony included) 1,175 replies

Attachments: The System II (Yes with irony)
Exit Attachments

The System II (Yes with irony)

  • #1,521
  • Apr 28, 2009 4:53am Apr 28, 2009 4:53am
Quoting fxachilies
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
Hi Fxachilies,

Can you, please, explain wht do you mean by "fractal". I really don't know what that is. Probably this is stupid question but if you, kindly, would take the time to give me a short reply I would apreciate it very much.

Thanks for your help.
Stay on the PIPest side of life!
  • #1,522
  • Apr 28, 2009 4:53am Apr 28, 2009 4:53am
Quoting dim4ik42
Hi, Hakga!!! Can you show your charts too? I just want to look at they and do elaborations.


Thanks!
Hi dim4ik42,

I'll post charts later today/tonight of all trades taken - easier for me to do this at the same time I update my trading journal.
  • #1,523
  • Apr 28, 2009 5:02am Apr 28, 2009 5:02am
Quoting dim4ik42
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!
Dim,
like feb says, expectancy is an art. I cant teach you exactly on how I do it, but on most situations I move my stops based on the last candel close, 3ticks below or above.
In this example thats how i exited.
http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 132.gif Size: 29 KB
  • #1,524
  • Apr 28, 2009 5:09am Apr 28, 2009 5:09am
Quoting PIPer
Hi Fxachilies,

Can you, please, explain wht do you mean by "fractal". I really don't know what that is. Probably this is stupid question but if you, kindly, would take the time to give me a short reply I would apreciate it very much.

Thanks for your help.

everytime marekt makes a new level a fractal is created.
  • #1,525
  • Apr 28, 2009 5:13am Apr 28, 2009 5:13am
Quoting fxachilies
Dim,
like feb says, expectancy is an art. I cant teach you exactly on how I do it, but on most situations I move my stops based on the last candel close, 3ticks below or above.
In this example thats how i exited.
http://www.forexfactory.com/images/attach/gif.gif

In my country I am the teacher of music in music school. I know process of learning can't be fast. Therefore I don't fall into depression and wait for be ARTIST, like you say. I know, some time for study - and everything will be OK!

Time, time, and time makes an ART.

Thank you!
  • #1,526
  • Apr 28, 2009 5:16am Apr 28, 2009 5:16am
Quoting fxachilies
everytime marekt makes a new level a fractal is created.
Cheers Fxachilies!
Stay on the PIPest side of life!
  • #1,527
  • Apr 28, 2009 5:19am Apr 28, 2009 5:19am
currently in this trade, I hope you guys are too

http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 132.gif Size: 31 KB
  • #1,528
  • Apr 28, 2009 5:27am Apr 28, 2009 5:27am
Quoting fxachilies
currently in this trade, I hope you guys are too

http://www.forexfactory.com/images/attach/gif.gif
Yes. I'm with you too.
  • #1,529
  • Apr 28, 2009 5:28am Apr 28, 2009 5:28am
Quoting dim4ik42
In my country I am the teacher of music in music school. I know process of learning can't be fast. Therefore I don't fall into depression and wait for be ARTIST, like you say. I know, some time for study - and everything will be OK!

Time, time, and time makes an ART.

Thank you!
Your on the right trackt my friend
  • #1,530
  • Apr 28, 2009 5:35am Apr 28, 2009 5:35am
Quoting fxachilies
currently in this trade, I hope you guys are too

http://www.forexfactory.com/images/attach/gif.gif
Nice trade, but I missed it cos there was Gbp related news coming out when it broke out and my broker typically widens spreads during news events.
  • #1,531
  • Apr 28, 2009 5:59am Apr 28, 2009 5:59am
Quoting hakga
Nice trade, but I missed it cos there was Gbp related news coming out when it broke out and my broker typically widens spreads during news events.

If I were you I would change my broker immediately.
  • #1,532
  • Apr 28, 2009 6:23am Apr 28, 2009 6:23am
Quoting fxachilies
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
Hello fxachilies,

It sounds like Feb's V formation strategy from his first thread.... "The System (Irony included).

Right?

Good luck to all
Unus pro omnibus, omnes pro uno
  • #1,533
  • Apr 28, 2009 6:54am Apr 28, 2009 6:54am
Quoting moneda
Hello fxachilies,

It sounds like Feb's V formation strategy from his first thread.... "The System (Irony included).

Right?

Good luck to all
I don't know, I never read that thread bcz it was based on long term trading.
This is just something that makes sense to me to test the market so you dont miss out on reversal opportunity
  • #1,534
  • Apr 28, 2009 6:56am Apr 28, 2009 6:56am
I'm wating for this trade to setup on EUR/USD.
Attached Image (click to enlarge)
Click to Enlarge Name: system ii.gif Size: 24 KB
Stay on the PIPest side of life!
  • #1,535
  • Apr 28, 2009 9:12am Apr 28, 2009 9:12am
Hi All:
I always had a fear - fear that I am buying at the top and selling at the bottom. I had always been a "wait for pullback" guy.

I read this thread with an open mind and found things that I've missed/ignored all these days.

I tried this method on E/$ and I'm attaching a screen shot.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 34 KB
  • #1,536
  • Apr 28, 2009 9:16am Apr 28, 2009 9:16am
That's great here is the USD/CAD, that I am watching. What do you think?
Attached Image
  • #1,537
  • Apr 28, 2009 9:27am Apr 28, 2009 9:27am
Ouch! Took that USD/CAD trade and lost 19 pips.
Attached Image
  • #1,538
  • Apr 28, 2009 9:27am Apr 28, 2009 9:27am
Did I do something wrong?
  • #1,539
  • Apr 28, 2009 9:40am Apr 28, 2009 9:40am
Quoting dim4ik42
Hi, Hakga!!! Can you show your charts too? I just want to look at they and do elaborations.


Thanks!
My charts for today: +17 pips in total
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur.png Size: 54 KB
Click to Enlarge Name: gbp.png Size: 60 KB
  • #1,540
  • Apr 28, 2009 9:54am Apr 28, 2009 9:54am
Quoting bpenbert
Did I do something wrong?
Looks ok, just manage your risk, losers happen. I would have stood aside because of the crazy 50pip 5min bar, but that is my preference.
4 traders viewing now