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The System II (Yes with irony)

  • #2,361
  • Jun 4, 2009 6:30am Jun 4, 2009 6:30am
Quoting DareXau
Hi fxachilies,
fractal or news?

just the news my friend.
thx
  • #2,362
  • Jun 4, 2009 6:49am Jun 4, 2009 6:49am
Quoting fxachilies
just the news my friend.
thx
O.K. ... unfortunately this indicator is only in (.ex4) not (.mq4)
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File Type: zip NewsCalendar.zip   88 KB | 617 downloads
  • #2,363
  • Jun 4, 2009 6:57am Jun 4, 2009 6:57am
Quoting DareXau
O.K. ... unfortunately this indicator is only in (.ex4) not (.mq4)

Thank you.
  • #2,364
  • Jun 4, 2009 7:32am Jun 4, 2009 7:32am
Trail stoped this baby for a large gain.. trade managed it simply based on H/L's... sometimes it works great like this when it never geopardize making no less than 20 pips and ofcourse there are other times ending up leaving money on the table..
not intending to showoff or anyting just an example to bust confidence (new on board people) of how great it can be if one would dedicates himself to things that has been said in this thread by our great mentor feb.


http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
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  • #2,365
  • Jun 4, 2009 8:02am Jun 4, 2009 8:02am
Quoting fxachilies
Trail stoped this baby for a large gain.. trade managed it simply based on H/L's... sometimes it works great like this when it never geopardize making no less than 20 pips and ofcourse there are other times ending up leaving money on the table..
not intending to showoff or anyting just an example to bust confidence (new on board people) of how great it can be if one would dedicates himself to things that has been said in this thread by our great mentor feb.


http://www.forexfactory.com/images/attach/gif.gif
This charts are an excellent view on how this system works...Just a couple of lines, HH/HL or LH/HH that's it. You'll win some, lose some, but with sensible money and trade management, you'll come ahead.
Peace
  • #2,366
  • Jun 4, 2009 8:13am Jun 4, 2009 8:13am
Quoting feb2865
This charts are an excellent view on how this system works...Just a couple of lines, HH/HL or LH/HH that's it. You'll win some, lose some, but with sensible money and trade management, you'll come ahead.

absolutely.. keeping it simple and practising the art of money & trade managment.
We can't thank you enough.
  • #2,367
  • Jun 4, 2009 8:18am Jun 4, 2009 8:18am
Quoting fxachilies
absolutely.. keeping it simple and practising the art of money & trade managment.
We can't thank you enough.
Yes, agree totally, thank you feb with all my hart.
  • #2,368
  • Jun 4, 2009 8:30am Jun 4, 2009 8:30am
I'm short again in the same point as before ...
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  • #2,369
  • Jun 4, 2009 8:49am Jun 4, 2009 8:49am
Quoting DareXau
I'm short again in the same point as before ...
Darexau,
what was the resoning behind your short entery?
  • #2,370
  • Jun 4, 2009 9:01am Jun 4, 2009 9:01am
Quoting fxachilies
Darexau,
what was the resoning behind your short entery?
I wiped out (imaginary) all that up & down movement close to the opening of New York session; and looked at it as continuation of what was going on before ... (I know its not a clean 1-2-3 entry)
  • #2,371
  • Jun 4, 2009 9:16am Jun 4, 2009 9:16am
Quoting feb2865
The system I is a trend-dependent style. You have a trend, you magnify to 4 hr charts looking to buy/sell at discount. It's a relaxed way of trading. no stress..no biggie.

System II is more intense. You're betting on a move that is happening. You need to baby-sit the trade more. You don't care about the trend.

System I is more like " I put it in there (yawn!) go to sleep, let's see what happens tomorrow"

I use system I for long shot trading.

Stops and limits are different, of course.

I don't recommend the system II for longer timeframes...
ah i see thank you
  • #2,372
  • Jun 4, 2009 9:20am Jun 4, 2009 9:20am
Quoting DareXau
I wiped out (imaginary) all that up & down movement close to the opening of New York session; and looked at it as continuation of what was going on before ... (I know its not a clean 1-2-3 entry)

Thinking outside the box - when trading becomes an art.This is something I can't teach.


..... Actually the NY opening could be artificially crafted. That's a good point Dare!
Peace
  • #2,373
  • Jun 4, 2009 10:42am Jun 4, 2009 10:42am
These are the setups that i keep in mind when i am trading the 5min chart.. and as soon as i see them i place my order and go for the kill.. let me know what you guys think... #1 is the bread and butter and the rest is bulid around that to not miss oppourtunities.

cheers.



http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 132.gif Size: 32 KB
  • #2,374
  • Jun 4, 2009 11:07am Jun 4, 2009 11:07am
Quoting DareXau
I wiped out (imaginary) all that up & down movement close to the opening of New York session; and looked at it as continuation of what was going on before ... (I know its not a clean 1-2-3 entry)
That trade reminds me of the "levels" feb had posted about ealier in this thread. Especially how you brought the london levels into the NY session.
  • #2,375
  • Jun 4, 2009 11:09am Jun 4, 2009 11:09am
Quoting fxachilies
These are the setups that i keep in mind when i am trading the 5min chart.. and as soon as i see them i place my order and go for the kill.. let me know what you guys think... #1 is the bread and butter and the rest is bulid around that to not miss oppourtunities.

cheers.



http://www.forexfactory.com/images/attach/gif.gif
Hey thanks for the visual fxachilies. I have been looking at entries like these as well. I like how this view of the market is built on common sense. Anyway, it helps to have a blueprint of trades like this.
  • #2,376
  • Jun 4, 2009 11:27am Jun 4, 2009 11:27am
Quoting lawl
Hey thanks for the visual fxachilies. I have been looking at entries like these as well. I like how this view of the market is built on common sense. Anyway, it helps to have a blueprint of trades like this.

Happy to help.
  • #2,377
  • Jun 4, 2009 11:32am Jun 4, 2009 11:32am
Quoting fxachilies
These are the setups that i keep in mind when i am trading the 5min chart.. and as soon as i see them i place my order and go for the kill.. let me know what you guys think... #1 is the bread and butter and the rest is bulid around that to not miss oppourtunities.

cheers.



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

Pretty much trading levels. I talk about it somewhere here. Be careful not to fall into patronizing formations. The market is like the devil - a deceiver. Stay focus on what's going on at the level and play accordingly.
Peace
  • #2,378
  • Jun 4, 2009 11:39am Jun 4, 2009 11:39am
Quoting feb2865
Pretty much trading levels. I talk about it somewhere here. Be careful not to fall into patronizing formations. The market is like the devil - a deceiver. Stay focus on what's going on at the level and play accordingly.

Thank you verymuch for your input. can you elaberate about the last part so i clearly understand when you say:
Stay focus on what's going on at the level and play accordingly.[/quote]

Thanks.
  • #2,379
  • Jun 4, 2009 1:25pm Jun 4, 2009 1:25pm
Quoting fxachilies
Thank you verymuch for your input. can you elaberate about the last part so i clearly understand when you say:
Stay focus on what's going on at the level and play accordingly.
Thanks.[/quote]

You're not looking to play the formation but what's going on at the line.

The breakout after the fact.

The continuation after the pullback.
Peace
  • #2,380
  • Jun 4, 2009 1:27pm Jun 4, 2009 1:27pm
Please bear with me guys, if I get to reply a lil late...I am trying to make some dough here like you. But I will reply. If you see that I don't answer your call, please, please, please repeat the question.
Peace
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