The System II (Yes with irony) | Page 109 | 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)

  • #2,161
  • May 21, 2009 5:29am May 21, 2009 5:29am
Quoting fxachilies
This trade was based on reversal method.. as soon as the horizontal line was crossed I spoted the possible reversal with that solid bearish candel.
but it made me really sweat when price quick turn on me but it never crossed the h/h and it got better from that point on.

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

I had the same trade except I did not give it enough room. Got off the bus too early..

Thanks for the explanation
Unus pro omnibus, omnes pro uno
  • #2,162
  • May 21, 2009 5:30am May 21, 2009 5:30am
now looking the other way.. lets dance

http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 131.gif Size: 24 KB
  • #2,163
  • May 21, 2009 5:38am May 21, 2009 5:38am
Quoting moneda
Fxachilies,

I had the same trade except I did not give it enough room. Got off the bus too early..

Thanks for the explanation
your welcome.
not a problem my friend you'll getem the next time..I have done it planty of times early exiting and all.. its all about reall time practise, practise and some more practise and sticking to our guns. we will get there.

cheers.
  • #2,164
  • May 21, 2009 6:16am May 21, 2009 6:16am
ok, another possible reversal entery.. lets see what happens

http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 131.gif Size: 22 KB
  • #2,165
  • May 21, 2009 6:34am May 21, 2009 6:34am
Quoting fxachilies
ok, another possible reversal entery.. lets see what happens

http://www.forexfactory.com/images/attach/gif.gif
Will you try to sell at the bottom red line too?
  • #2,166
  • May 21, 2009 6:37am May 21, 2009 6:37am
just exited that trade at breakeven, as the early market direction of NY open does not favor my position.. don't want to go through agonie.. looking for the next one
  • #2,167
  • May 21, 2009 6:40am May 21, 2009 6:40am
The market is on hold for the philly index...
Peace
  • #2,168
  • May 21, 2009 6:46am May 21, 2009 6:46am
Quoting Ogna
Will you try to sell at the bottom red line too?
yes I would if it happens within next 30min or so.. if price turns bulish and beat the most recent L/H then i wont..

this is how i would trade this situation.. my orders are set (green lines)

http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 131.gif Size: 24 KB
  • #2,169
  • May 21, 2009 6:53am May 21, 2009 6:53am
Quoting feb2865
The market is on hold for the philly index...

feb should i take profit before the release of the report or leave it? my asumption was not much impact of this report..
  • #2,170
  • May 21, 2009 2:53pm May 21, 2009 2:53pm
Feb, people always talk about prices such as 1.400 or any 100 number. What should I do when the price is near such a number?
  • #2,171
  • May 21, 2009 3:01pm May 21, 2009 3:01pm
Quoting rockya1
....
If we pick out the pairs that would make best candidates they would be:
...

Rockya,
This, I got from Feb (#2138), here, this is for you too.
...
Don't "filter" the trades. You have a setup, just go a take it, no second-guessing
..

Thank you Feb, ur the best
  • #2,172
  • May 21, 2009 4:20pm May 21, 2009 4:20pm
Quoting Ogna
Feb, people always talk about prices such as 1.400 or any 100 number. What should I do when the price is near such a number?

When U get to a number?

You do nothing.
Peace
  • #2,173
  • May 22, 2009 12:39am May 22, 2009 12:39am
looking to go short of the break..
if I see people show interest i'll continue to trade live step by step like I did yesterday.

http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 131.gif Size: 21 KB
  • #2,174
  • May 22, 2009 12:53am May 22, 2009 12:53am
Quoting oookie
Hi all!

I am a bit confused regarding the timeframe Feb uses. In the thread 'System', Feb uses 4H/Daily chart, but in the thread 'System II', he uses M5 chart. I might skipped some posts, so I might not know the reason why. Could anyone explain what is up with this? Are they two different systems? Or Feb ended up using System II?

Thanks in advance.
The two are completly different.. (system I) is for long term trading and (system II) is for short term trading.. and there are no systems here.
feb has provided us with some tools and blue prints which demonstrade a simple way to read the market naked.. in this thread everything gets done in one chart and thats the 5m time frame.

hope it helps.
  • #2,175
  • May 22, 2009 1:43am May 22, 2009 1:43am
Quoting fxachilies
if I see people show interest i'll continue to trade live step by step like I did yesterday.
I'd certainly be interested. Particularly useful are a few words on the thought processes behind the trade. The aim has got to be for everyone to recognise opportunities themselves and for that we need to get "behind" the chart

Having said that, I won't be around much today to benefit. Back on Tuesday - have a great weekend everybody.

D
Too tired to argue. Too old to care.
  • #2,176
  • May 22, 2009 1:59am May 22, 2009 1:59am
FxAchilies and others,


This is what I am looking at.... Maybe a bounce? We will see.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_001.gif Size: 48 KB
Unus pro omnibus, omnes pro uno
  • #2,177
  • May 22, 2009 2:10am May 22, 2009 2:10am
Quoting fxachilies
looking to go short of the break..
if I see people show interest i'll continue to trade live step by step like I did yesterday.

http://www.forexfactory.com/images/attach/gif.gif
I would definitely be interested. What are the skype/IM details?

Thanks.
  • #2,178
  • May 22, 2009 2:25am May 22, 2009 2:25am
Quoting moneda
FxAchilies and others,


This is what I am looking at.... Maybe a bounce? We will see.


just got back in.. i just set a buy order.. its worth a shot..
  • #2,179
  • May 22, 2009 2:26am May 22, 2009 2:26am
Quoting Parky
I would definitely be interested. What are the skype/IM details?

Thanks.

no skype my friend.. we do everything right here
  • #2,180
  • May 22, 2009 2:28am May 22, 2009 2:28am
Quoting fxachilies
just got back in.. i just set a buy order.. its worth a shot..
Fxachilies,

I am still in a bounce mode.... until NY session opens and then we will see what happens.

Unus pro omnibus, omnes pro uno
2 traders viewing now