The System II (Yes with irony)

guys market condition is getting better based on volitility.. we are going from 45pips range to 35pip range.. lol

Laters rate announcment is also effecting it..

... BB - long @1.4410 ended-up with a loss of 10 pips
another FCR - long @1.4401 going on ...
as a backup BB - short @1.4382

[quote=DareXau;2934050]... another FCR - long @1.4401 going on ...

that would not be considered a FCR my friend.. ok maybe a mini FCR..lol

just to make FCR clearer..
I based it all in most recent swing in hand..
based on this current bullish swing.. I do not have a FCR yet.. waiting to see how PB will shape up.. I only got a BB entery on H/H.
previuos bearish swing was a straight 37pips down the line, without a PB so could not mark a FCR.. as result in this current bullish swing I dont have a high probability entery (fcr).. so now focusing in the current swing in hand to enter with BB if it goes long or waiting to see it will create a FCR when PB shapes up..

I hope it makes sense.. let me know guys if its unclear or if you have questions.. the last thing i want for anyone to be confused..
http://cloud.forexfactory.com/images/attach/gif.gif

It's clear!
I like your posts
Keep going

Stuck in the middle...

ATR is at its yearly low... not a good time to trade... let's go and write some options...

more on FCR.. refer to the chart..

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

it was so damn dry.. i took a small break and missed the ride.. its was a good one to get on the ride early before the news..



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

Display of daily chart with indicator attached!!! .. I wonder why?.. we are trading the 5m noise chart.. we are taking advantage of an a imbalance market.. we are scalper with a bit of a mix.. no indi or other timeframe will help you in this way of trading.. they are laggers.. if your looking for x y z to blink for you to put on a trade or not with this style then this isn't a suitable thread for you to follow.. (it's a brotherly advise)
This is a simple pure price action thread.. if still interested, Please keep charts other than 5m and other anyalisis and predictions to yourself JO.

remember one currency.. one timeframe.. one step out time..

Thank you in advance.

FxAchilles, I will not argue with you, since you are doing a good job in helping other people here, and keeping this thread running. But, I think you do not know what the ATR is, and I think you did not understand what I meant with the picture.

We are now in a range of what, 60-70 pips? Now take off a quarter from the top and bottom of the chart/range so that a 123 setup or fractal can be established - this will leave you with about 30-35 pips in between at best. So sqeezing in those 21 pips TP will be tough, and everybody trading this market should be aware of this.

We are in yearly lowest range market, not in "normal" market conditions, so everybody trading this style should be cautous. The 123 setup is not meant to be traded in such conditions, the fractal is better. You can also see this info on your 5min TF, but it would be more work...

I am out, I leave this thread to you.

put your dummy back in

I think the point of fxachilies is that you dont need any indicators...... if you have eyes you can see that eur/usd is in a tight range and isnt moving much........ So why call ATR? useless

kazaroval,

I agree with you. Fxachilie is right

JO,
you are right I don't know what a ATR is.. all I know its a indicator.. a crutch.. thats all i need to know about that..

every range market will be followed by a breakout otherwise there would not be any range market..right? the whole point of our way of trading is to trade the high probability breakout to get on the bus as early as possible to see if that swing will develop into a full swing and a possible runner.. now this could happen at anytime and anywhere in the chart.. and any market condition.. thats why prediction is out the window.. the sooner everyone grave that in there brain the sooner you be one step closer to success.. I am only trying to help you my friend.. if your above it and all, then please don't ruine it for everybody else..
you are lost and missed the whole point of this thread.

Great idea.. stay out and keep your analysis to yourself.. we don't predict in here.. that leads to second guessing and missed opportunities..

anyways best of luck to you.

Don't put words in my mouth. I am not talking about prediction, but about expectation - trade expectation. If you are not taking daily/other TF price ranges into consideration, and think that every swing can develop into a 200 pip runner, that's fine with me, it is possible, but not probable. So don't freak out when somebody mentions it.

So what now? Oh yeah... I forgot, it is your thread.
I never meant to create that impression, and I do not see that I did.

Good luck to you too.

This is not TNT we aren't supposed to know Drama so please.... keep it to trading


lolz

[quote=-jo-;2935563]Don't put words in my mouth. I am not talking about prediction, but about expectation - trade expectation. If you are not taking daily/other TF price ranges into consideration, and think that every swing can develop into a 200 pip runner, that's fine with me, it is possible, but not probable. So don't freak out when somebody mentions it.


Thats the whole point, high expectation is prediction. we don't know what will happen next.. either it is going to be a 30pip swing or a 200 pips swing.. so we keep our expectations incheck.. "enteries are a way to just test the market" if you have anymore expectaions than that, then you are fooling yourself.. the end of high tech techincal analysis and fundemental anyalisis is 50/50 chance at best.. these are not my words, these are words from our highly capable mentor.
what.. you think daily charts and other tools are going to show you whats going to happen next.. each timeframe its a animal by itself and has its own behavior.. the trend or range market that you see in 5m chart is at its early stage of its development at best in the higher timeframe.. what you see in the daily or higher timefram charts has nothing to do with what you do in the 5m charts.. I garantee you that.. the daily range chart is a trendish up and down 5m price action..

pick one timeframe and become the master of it.. thats what we are tring to do here.. crossing our eyes over toomany timeframes will lead to second guessing and missed opportunities and thats not good for trading.. its a cancer for us here.. I have had the sour test of it.. and I will not allow anyone to bring other timeframe into play in this thread and feb is totaly behind me on this matter.. bcz.. he was very picky about this issue as I was up and coming.. and now that I have gained experience and have success I totaly understand why he pushed it so much.. its one of the key issues to your success in here everyone.. I do not ever look at any other timeframe when I am scalping the 5m chart.. period. My results speaks for itself.. you guys see me in action everyday and I back what i preach.. the last three days of super range market that everyone is bitching about, I and some of you have still managed to make money.. show me another way of trading that you can make money in the 45pips total daily swings.. and to keep it as simple as we have keept it.

JO.. If you would have taken the time to read the whole thread and absurb everything you would not say things that you are saying now and as a result to confuse people.. and the confusion issue is what worries me here.. nothing is worst than being in a state of confusion in this business, bcz results in lack of confidence and thats a bigger nightmare.. trading is hard on it own anyhow..

in this style of trading there are people who have been there and done that before me and you.. and our intention is for our new people to not go through toomuch agonie and get on the right path quicker.. saving them money and time.. as others did for me and as others I am sure done so for feb when he was just a rookie working in the pit.

listen.. I can care-less about who's thread it is and etcetera.. that you keep mentioning about.. it's obvious who is the founder of the thread and everything that i preach it's a blue print of what I have learned from him.. nobody owns anything in this business as out mentor says.. he is not around much anymore, and now that i see this stuff I don't blame him for not being around, bcz he knows better to not get involve toomuch and lead to unnesessary argument such as this.. its really waisting my time too.. I am only replying to you for the sake of the thread and others that are really blooming nicely here and may looking up to me..
but over the weekend I will reconsider my input for this thread.. I think, I have given back more than my share.. its time for others to step up.. it could be even you JO.. maybe your way can change this style to even better results..

Good Luck.

Hello to all,

As one of the veterans of this thread I feel compelled to express my support for the contributions made by Fxachilies and DareXau and hope that others continue to appreciate their unconditional generosity. We don't have to agree on style..some of us are a bit more conservative than others but we do have to agree and preserve the principles and spirit of this thread. No one is excluded from contributing and it is for all of us to answer questions in a friendly manner as long as the intention of the questioner is in the spirit of learning. We all need to raise a red flag and act when someone comes in here and tries to change what does not need change...(I am not referring to Jo)..now I will....Jo, you are welcome here...but it is important that we keep things simple and not bring up things that may confuse newbies...I even sided with you when Fxachilies was using the concept of fractals instead of FXACHILIES CRAZY REVERSAL (FCR) as we know call it.

So...these issues come up from time to time and so far we have been able to overcome it...now let us learn, have fun and enjoy this special thread.

FxAchilies, I sent you a pm.