The System II (Yes with irony) | Page 209 | 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)

  • #4,161
  • Aug 28, 2009 2:20am Aug 28, 2009 2:20am
Quoting PaulLangham
Hi Fx,

I want to say tha this post is pure gold.

Anyone comming onto this thred, newcomer, intermediate or experienced would do well to read and re-read what you are saying here. It doesn't get any better than this folks.

Guys, this stuff isnj't to be found in books, seminars, or in company training rooms for that matter, it's pure gold and will give you such an advantage if you can take it on board and trade it as written.

I am sincerely thankful for your continued contribution and I can understand and concur when you say that you put...
Thank you.. don't make me blush now..
  • #4,162
  • Aug 28, 2009 2:25am Aug 28, 2009 2:25am
ok guys new minor fcr being formed at the moment at 4345.. so i will bring my sl to above that now... concidering the fact that since london open price has stoped from going bearish so it could make a little H/L here and go bullish.. so why take a chance.. its the wise thing to do to play it tight at the moment.. keeping your head above the water at the same time keeping the trade still a chance to get you to the promise land..
  • #4,163
  • Aug 28, 2009 3:13am Aug 28, 2009 3:13am
ok guys.. everytime that i see price truning in opposit direction like at the moment.. the first thing i say to myself is.. Good, a new lower FCR is going to be made, soI can bring my sl lower.. instead of panicing, having doubt and leaving early of a potential 50 pip ride..
thats one way to battle your doubts and fear.. its mostly mental guys..
  • #4,164
  • Aug 28, 2009 3:16am Aug 28, 2009 3:16am
Are we trading long on the minor FCR reverse?



Quoting fxachilies
ok guys.. everytime that i see price truning in opposit direction like at the moment.. the first thing i say to myself is.. Good, a new lower FCR is going to be made, soI can bring my sl lower.. instead of panicing, having doubt and leaving early of a potential 50 pip ride..
thats one way to battle your doubts and fear.. its mostly mental guys..
Survive and Preserve
  • #4,165
  • Aug 28, 2009 3:22am Aug 28, 2009 3:22am
Last trade stopped out at BE, entered long at 4345, SL @ 4323


Quoting en0x
Are we trading long on the minor FCR reverse?
Survive and Preserve
  • #4,166
  • Aug 28, 2009 3:29am Aug 28, 2009 3:29am
Quoting en0x
Are we trading long on the minor FCR reverse?

you could but there is a retrace coming most likly.. I would prefer to take the long on the break of old bracket 4368 considering the what happend last night with that bullish 150pipper.. so i bit of PA reading is necessary here enox..
  • #4,167
  • Aug 28, 2009 3:43am Aug 28, 2009 3:43am
Hello ,

Can someone explain me the FCR concept ? or point me to the page on the thread where its all explained
Help appreciated ,

Thanks

zaba1
  • #4,168
  • Aug 28, 2009 3:47am Aug 28, 2009 3:47am
Quoting zaba1
Hello ,

Can someone explain me the FCR concept ? or point me to the page on the thread where its all explained
Help appreciated ,

Thanks

zaba1
post 3420.. read important other posts about it in later pages aswell..

Good luck.
  • #4,169
  • Aug 28, 2009 3:51am Aug 28, 2009 3:51am
guys fcr at 4345 got broken.. but as i told enox that is a weak FCR to actually take a long postion on.. but now we got a nice little BB signal created and the breaking point is above 4349 and i would for sure test the market for long of that break..
  • #4,170
  • Aug 28, 2009 3:53am Aug 28, 2009 3:53am
enox.. if you are on the long trade.. if price play funny at your BE line then Exit..
  • #4,171
  • Aug 28, 2009 3:57am Aug 28, 2009 3:57am
I am in.. we got hurdels in for the next 20pips so.. so be ready for a bumpy ride.. if it does passes the hurdels then the reall break will happen in my opinion..


http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 133.gif Size: 19 KB
  • #4,172
  • Aug 28, 2009 4:19am Aug 28, 2009 4:19am
What is BB?


Quoting fxachilies
enox.. if you are on the long trade.. if price play funny at your BE line then Exit..
Survive and Preserve
  • #4,173
  • Aug 28, 2009 4:19am Aug 28, 2009 4:19am
still have my long on.

Had to run to buy some stuff for dinner but it still there, SL moved to FCR @ 4332


Quoting en0x
What is BB?
Survive and Preserve
  • #4,174
  • Aug 28, 2009 4:20am Aug 28, 2009 4:20am
Oh wait, just got it
BB = Breakout bracket ...
Survive and Preserve
  • #4,175
  • Aug 28, 2009 4:28am Aug 28, 2009 4:28am
hi everyone these are my trades so far today. grey areas are entries green boxes are exits.

I closed that last trade a bit early perhaps but as it touched 1.4368 level and then retraced I got out..

well get in again though if price breaks above
Attached Image (click to enlarge)
Click to Enlarge Name: 28.08.2009.png Size: 12 KB
  • #4,176
  • Aug 28, 2009 4:48am Aug 28, 2009 4:48am
Dont like that extremly large wick, closed out at -2
Limit order placed for short at 1.4332

Quoting en0x
Oh wait, just got it
BB = Breakout bracket ...
Survive and Preserve
  • #4,177
  • Aug 28, 2009 4:52am Aug 28, 2009 4:52am
am currently in this short trade...
Attached Image (click to enlarge)
Click to Enlarge Name: 28.08.2009(B).png Size: 12 KB
  • #4,178
  • Aug 28, 2009 4:54am Aug 28, 2009 4:54am
I didnt identify that right. Not in the trade, my entry is way down


Quoting anthony500
am currently in this short trade...
Survive and Preserve
  • #4,179
  • Aug 28, 2009 5:15am Aug 28, 2009 5:15am
don't worry so far not a great trade ... moved my sl above the 1.436 fractal now
Attached Image (click to enlarge)
Click to Enlarge Name: 28.08.2009(C).png Size: 12 KB
  • #4,180
  • Aug 28, 2009 5:21am Aug 28, 2009 5:21am
Shorted @ 4341 Sl @ 4362


Quoting anthony500
don't worry so far not a great trade ... moved my sl above the 1.436 fractal now
Survive and Preserve
16 traders viewing now