The System II (Yes with irony)

Excellent run up here in the EUR.

FX you planning to run this? or have a set TP in mind?

Yes agreed, I took my profit on that one +21, will post all trades later.

Good morning to all,

Guys, it does not get better than what you are witnessing through the eyes of FX!.... He points to the door but you still need to walk through it with your own legs! Ask lots of questions and practice, practice, practice.....

I also took my profit on that one now off to bed early for a change its only 11.51pm in Kiwiland and although Kiwis are nocternal its nice to start the week with a good nights sleep - as we never know how the week will progress.

FX We could also call this expectancy - I expect not to get too much sleep most of the week so take any extra I get happily.

Nite all

is it smart to enter???

ok guys I am back.. nice to come back and see a 22pip tp hit..

geve,
read through todays post about what i have explained about price countinuation signals..

FX .. how would u classify this?

1-2-3 or bracket breakout?

I am long based on this semi bracket signal.. I dont like the way break shaped up with the wick candel.. anyhow, lets see how it will shape up..

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

I bought, lest see what happens, is everyone else still in?

BK breakout.. we had a hr+ range time with couple of faliures in my world it count as a BK.

Some highe lows forming ... however price action overall is very slow ... lets see if we can break that recent high?

isn't.....?
the new swing is after the new york open & after bo range
it doesn't count fresh swing?

Here we go

Gev ... my friend I think in techinical terms you can classify this as a swing ... however I believe FX is calling this a bracket breakout because since the pullback it failed to break the high within an hour ... so price action was basically creating a range (16 bars i.e 80 mins before the 17th broke higher) ... correct me if I am wrong FX?

new fcr 4324.. sl should be below that
fcr to go short on is the previous one at 4319

Agree stop moved to just below 1.4324 ... however the FCR for reversal is that not 1.4317? which is also the bottom of the bracket?

I will exit this long trade for less damage or if lucky to close around BE..

DFX.. your explenations was spot on..
I will go over this issue later on as to what i mean exactly.. its a important issue the countinuation signal enteries.. thats way i try to give my trade more room for extra gain as to getting quick in and out to put myself at more risk of getting into toomany fakeouts..

FX are you still in this trade?

Good morning,

Something to think about..... when the fcr is that close to the LL of a bracket... maybe is better to wait for the breakout short instead. We will see