The System II (Yes with irony)

FCR short singal in the making..

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yeah i m short from 4117 f.c.r

me too pipzone at 4121.. lets see what happens..

just a heads up..
Good job everyone with recognizing the FCR signal and acting on it.. just be aware that before we reach our minimum of 20 pip target we would most likely get a retracement (it's given).. don't be decieved by it.. if you have spead the load wisely you should not have any problem with letting the price to show his true color..
now.. our expectancy skill puts to work..right?

i start trading only after london open.don't pay attention to the 200 ema=
(nothing)

Draw you FCR line quickly to stay updated with the recent price action as price made minor break of L/L for now..
I won't just yet drop my sl to above that point yet as I like to keep it out of the heat, but once price makes another bearish move I will drop it to get a better RR..

Yea, the FCR was drawn on my chart before you said to do that

now feel more comfortable to drop the sl.. will trail it as I hopefully keep getting new FCR's.. lets see what happens..



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well news whiplash against us.. you should not have lost more than 12pips.. big deal... it could have gone for us as easy and now you would have made mega bucks.. its 50/50.. but you risked 12 to make minumu 30 more above what we were alread into profit..
Looking for the next one after the dust settles..

Yep, I got my -12pips too

Zero loss for me, only because i was late for work(trading)

ok guys,
now experience and intution of a trader comes into play..
I took a short at 4127.. bcz the upward whiplash obviously was all about that bullshit news otherwise price had a bearsh look.. so personally it worth a test.. and at the same time I do expect the price to have a retracement at some point before moving bearish..

I placed short at 1.4118. we'll see...

On that bandwagon with a trailing stop.

good job guys on getting on the ride.. you see the retrace.. very normal action by the price.. don't be decieved..
if price turns back to our direction.. watch the price action reaction to the level line.. important level..
if it acts funny i will personal bank profit.. unless it's clearn break..


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new FCR created at 4124.. my sl above it at 4129..
watch the price reaction at the level..

hey fx.

will you stop and reverse at the new fcr?

thanks

absolutely.. specially that we got a H/L in hand too..

guys i bailed out of my short trade for 10pip profit..
price is stalling and it could breakout either way.. when? who knows.. i just don't like to be in a trade when its super stalling as it is now..
so now i go bracket..