The System II (Yes with irony) | Page 170 | 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)

  • #3,381
  • Aug 5, 2009 5:28am Aug 5, 2009 5:28am
Quoting -jo-
Your stop should be below the last low, so in the 95,04 area. This setup looks ok, just ok to me, I would probably not trade it (but I am also not used to USD/JPY). Stick to one pair first, here in this thread, we are trading EUR/USD only. It will give you enough setups per day. Take one step at a time.
outa boy jo.. I second that.. I am glad to see it starts to click for some of you..
one currency.. one time frame.. one step out of time.. and you shall see the money..
  • #3,382
  • Aug 5, 2009 5:31am Aug 5, 2009 5:31am
I just had a quick look around other pairs on a daily charts,
all the major crosses, so 28 pairs are in stagnation similar to e/u
... the holiday season definitely started ... ...
hopefully the US economic data will bring some fresh air ...
  • #3,383
  • Aug 5, 2009 5:41am Aug 5, 2009 5:41am
Quoting -jo-
Are you still holding that trade? It's been already 2,5 hours. I know that the price did not make lower lows, but also no higher highs. Would you consider exiting now, since it is taking so long, or, waiting for lower lows?
I should, but 'cos I'm in the same spot as 2-3 hours ago and completely lost interest,
... I may stay in a bit longer (hopefully not forever)
This b***ch has to move eventually ...
  • #3,384
  • Aug 5, 2009 6:05am Aug 5, 2009 6:05am
took this long... lets see what happens in this dry out market..

http://cloud.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 133.gif Size: 28 KB
  • #3,385
  • Aug 5, 2009 6:07am Aug 5, 2009 6:07am
Market moving again...?

...now that was a quickie. TP at the high of the channel. Price continues to move in my direction as I write, but I am out - my trade expectation was met, that's it. Now I will look for other opportunities.

Btw, congrats DareXau if you were still holding that trade!
Attached Image (click to enlarge)
Click to Enlarge Name: 123.png Size: 19 KB
  • #3,386
  • Aug 5, 2009 6:14am Aug 5, 2009 6:14am
Quoting fxachilies
I am long based on this fractal reversal entery.. this is a live example..

http://cloud.forexfactory.com/images/attach/gif.gif
Hey fx,

i see from the thread, that you introduced the fractal entry.

can you explain why call this a fractal entry,i would find it hard pushed to call that pullback a fractal, i have a fractal indicator loaded to my charts and it does'nt register as valid?


thanks
  • #3,387
  • Aug 5, 2009 6:16am Aug 5, 2009 6:16am
I've got 21pip, for 3hours patience...

Attached Image (click to enlarge)
Click to Enlarge Name: chart-2009-08-05-ii.gif Size: 15 KB
Every moment in the market is unique.
  • #3,388
  • Aug 5, 2009 6:17am Aug 5, 2009 6:17am
Quoting FOURX
...i have a fractal indicator loaded to my charts and it does'nt register as valid?
http://www.runemasterstudios.com/gra.../funnypost.gif
  • #3,389
  • Aug 5, 2009 6:19am Aug 5, 2009 6:19am
Quoting pipzone
I've got 21pip, for 3hours patience...
NICE!
  • #3,390
  • Aug 5, 2009 6:26am Aug 5, 2009 6:26am
Quoting FOURX
Hey fx,

i see from the thread, that you introduced the fractal entry.

can you explain why call this a fractal entry,i would find it hard pushed to call that pullback a fractal, i have a fractal indicator loaded to my charts and it does'nt register as valid?


thanks

well its bcz indicators are for sissies.. lol.. just kidding..
in this thread we trade naked.. we pursue to train our eyes to see the market naked, pure price action.. as i have mentioned manytimes, new people to the thread should take one step out of time and stick with 1-2-3 setup(BB entery= bread and butter) and practise expectancy then move to more advance fractal enteries..
as you keep reading and see more of my charts explanation and others you will understand more clearly.. all your questions have been asked by others before you and its been answered through out the thread.. keep on reading and absurb as much you can.. then when you start to trade you see our live trades and be even more clear..
what we do here is ART.. its the most honest and not beat around the bushes consept.. it takes time to become successful at it..
  • #3,391
  • Aug 5, 2009 6:27am Aug 5, 2009 6:27am
Quoting -jo-
http://www.runemasterstudios.com/gra.../funnypost.gif
whats funny jo?
  • #3,392
  • Aug 5, 2009 6:31am Aug 5, 2009 6:31am
Quoting -jo-
Market moving again...?
...now that was a quickie
Btw, congrats DareXau if you were still holding that trade!
Yes, I did ... it's only another 1/2 hour
This 25 pips look very impressive on empty chart ...
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 48 KB
  • #3,393
  • Aug 5, 2009 6:40am Aug 5, 2009 6:40am
Quoting DareXau
Yes, I did ... it's only another 1/2 hour
This 25 pips look very impressive on empty chart ...
DX my buddy, how do you see this chart.. my hats off to you.. my eyes going crazy just looking at it.. lol
  • #3,394
  • Aug 5, 2009 6:48am Aug 5, 2009 6:48am
Hello to all,

Good morning, just finished catching up with today's posts... One obvious thing going on with this thread is that there are traders at different points of their development which can create a bit of confusion. Please for those of you that are relatively new to this thread READ the entire thread before you start trying to make sense out of this method. The breakout trade of the previous fractal within a swing is not for those just starting....keep it simple! And for those of you that are well versed and experienced with this method...throw away the baby blanket/training wheels and start thinking for yourselves, take your lumps and learn to sharpen your skills. Some of you are just plain still attached to DareXau and Fxachilies nipples...lol.. They are sharing their hard earned experience so that you can investigate and work things out for yourself.. Forex trading is not a club...it is a lonely/harsh business where you can have fun and be profitable but in the end you are like a lone wolf who needs to hunt and sometimes like your own wounds.

By the way for a fractal to exist you need 5 bars.. two below/above on each side of the new high or low.... anything else is pure discretion on the part of a trader.

Good luck to all of us!
Unus pro omnibus, omnes pro uno
  • #3,395
  • Aug 5, 2009 6:54am Aug 5, 2009 6:54am
By the way for a fractal to exist you need 5 bars.. two below/above on each side of the new high or low.... anything else is pure discretion on the part of a trader.


my case in point
  • #3,396
  • Aug 5, 2009 6:54am Aug 5, 2009 6:54am
Moneda, would you mind to post some of your charts, so we can see your approach to this?
  • #3,397
  • Aug 5, 2009 6:55am Aug 5, 2009 6:55am
Quoting fxachilies
DX my buddy, how do you see this chart.. my hats off to you.. my eyes going crazy just looking at it.. lol
ha ha, it's only on this picture (purposely for fun)
in reality on my screen the news indi is away from the current action
By the way long @ 1.4430 - maybe those big green ass candles are not a fade
  • #3,398
  • Aug 5, 2009 6:58am Aug 5, 2009 6:58am
Quoting -jo-
Moneda, would you mind to post some of your charts, so we can see your approach to this?
Jo,

Sorry, but I rarely trade anything else but the original recipe and there are plenty of examples on that from Feb and others especially Dare/Fx
Unus pro omnibus, omnes pro uno
  • #3,399
  • Aug 5, 2009 7:02am Aug 5, 2009 7:02am
Quoting moneda
... plenty of examples on that from Feb and others especially Dare/Fx
And yet, their approach is different. That is why I asked. But no problem. Good trades...
  • #3,400
  • Aug 5, 2009 7:05am Aug 5, 2009 7:05am
Quoting moneda
Hello to all,

Some of you are just plain still attached to DareXau and Fxachilies nipples...lol.. Good luck to all of us!
I don't mind them hanging on to my nipples if there girls.. lol.. jk
12 traders viewing now