The System II (Yes with irony)

not this time my friend, you just put me on the right track ...

...but I will pay attention to what happens now with this fractal thats building up.

Guys i just closed my trade and banked my 30 good for a lot of benjamins.. I am out, need to go to bed.. the hell with the yankes.. you guys go get'em.. i feel like it might be a good up and down movments.. so if i get itch and can sleep smoothly I might checkout the chart pass the open.. what can i say i'm forexholic..

Moneda,
so glad to see you around more often my friend.. keep these guy in line.. lol

cheers.

I am proud of you..
as you know I got technical difficulties and can't pull up charts.. pay close attention to the price reaction at the levels.. L/L and top of PB.. if it plays funny at L/L take max profit.. if it breaks the PB level take the profit..

thanks fx, yeah I´ll do it exactly like this and post my chart later.

hi guys,
hasn't been an easy day so far as the market was choppy, but with the last trade managed to get ahead, just entered another short trade .. lets see..

FX,

thanks for the good explanation . one other question: do you move your stop quickly as price moves in your favor as per the beginning of the thread and feb's original explanation or are you waiting for a fractal to be formed before moving the stop?



thanks

boz

...exit the trade for 36 pips
for a moment it looked like we could get the next break to the downside,
but I would have expected this with a clear momentum, strong candle.
Did not happen so I took profit !! and wait for the next train.....

Thanks to fx, who gave me again this little head wash to trade with
more "attitude"

..Guns are loaded again:

......here we are ....

...seems there is more potential in this short trade, but
I have to leave the house now, so I just took the regular 21 pips.

....and it feel so good!

well after some patience got out at 1.4193 for a gain of 1.04%

short again , last trade of the day I think

@ Dare...
Sorry for the question mate, but Have you received an e-mail from Hector?

Hi jp,

He sent a mail bcz of his server has gone down on him. Check your mails you might have it.
Cheers,
Maverick

He He What a great move if you're still short!!!!

yes got out at 1.4147 because price seems to want to go up and because I have nearly got another 1% on that trade and plus here it's 17.20, been a long day so I'm done!

Yes, I just checked, thanks.
Did you enjoy the ride down and ready for another one up?
So far, I managed 75 pips from over a hundred on offer.

I've been very busy installing all the programs and stuff in a new computer I've bought, so I think tomorrow, I'll be back on full time trading...
Apart from that, I'm glad to see everything is going well for you guyz here...

Hi All,

Here are my trades from earlier today. The first trade entry was posted earlier already today but not the result

Must say I found it difficult early in the day and was caught by a very nice fakeout later on. My first trade was a little late entry wise as well. Last trade made it a good day in the end.

Thanks to all for your comments and charts during the session.

great charts & explanations paul, very much appreciated
thanks

Hi,
wow.. what a nice bearish ride.. I hope eveyone got a good chunk of that.. as you know i took the Ny session off due to tiredness.. but i did cut the first part of that ride..

Paul,
nice trades yesterday.. I like your courage to take action when you see it.. your long trade based on the two H/L, and the way you handeled it, is admirable.. and very nice on the quick look the other way and endup with big chunk of that bearish ride..
round numbers!!! cost you some money yesterday right?.. I and feb are not a big fan of it in this time frame.. as we just care about pure price reading. just shouting out are opinion.. I know a very distinguished and successful trader name Jacko that loves the round numbers, but he is a trend trader in daily and above time frame.

guys,
Now i want everyone to a take note of something very important from yesterday and that is..
you will only endup with runners such as this one if you take action on every break and getting your feet wet.. all second guessing would be put aside when you shoot for every setups.. bcz either one of these breaks could be the one.. (predictions are out the window).
now this ride was a easy one.. bcz it keept giving us opportunites to get on the ride later on.. but there are other times when you get a 80pips straight ride without a hiccup.. and if you don't get on board in time you will either miss the ride or much worse get on the ride late.
so, a bit of sharing out of my humble experience..

lets make some more money today.. we got a nice bearish ride in hand at this time.. I am on other hand not in it since i was lazy enough to get infront of my laptop sooner..lol ... more rides coming up

cheers.