The System II (Yes with irony)

Hi oleevier,
in here we concentrating on scalping only, but if you prefer intra-day trading that's fine,
please check the "system I" - you find all answers for the question.

This is not a right time to trade EU , I know.
Comment on other thing please
Thank you

Good Morning everyone,
I see the damn thing is flat again for now.. last three days of this week its all about bigtime news and it sucks.. but still it won't keep me from taking my shots and I want to clearifie a thing or two about that..

some of you mention about me saying ignore the news and its 50/50..
ok.. i still say that.. but in this manner
firstly.. I don't disagnor the major one's.. NFP, rate changes, major speeches, etc.. i sit on my hands for those until the dust settles..
with that aside..
about less impacted news that we have regurarly during the day.. want i mean by igoring them is that don't let an oppourtunity get pass by before such news and once your already involve in a trade and a news is about to release, then analyse your situation and if your getting 2-1 or better on your money its in your favor to stay with the trade bcz you got a 50/50 chance to make quick buck on immidiate price movment hopefully in your favor.. i definatly don't recommend to play the news after the release even if you have one of our setup in hand.. specially when you wittness large price reaction.. its wise to wait for dust to settle and as feb mentiond before and again yesterday to take the other side of the pull 30min pass..

I hope this looks clear now..

thank you.

This is so frustrating: filling the limit order by one pip and then reverse

did you set you order 3pips below + spread?

bcz it missed mine by one pip..

Nope, my mistake. Only 2 pips away from last LL. Anyway now looks like the chop monster is in action.

Hey,
it missed mine by one pip too.
Now I'm long - 1.4285

i took the long trade and just a second ago i exited and survived a fakout.. who can tell me why? and what did i stick to?

Figure 2 from post 4219

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yes.. nice job Paul..

Thats why i have the confidence to take every shot.. and when once in while hits gives no chance for recovery and hits my sl.. i just say oh well.. losing is part of my agenda.. its ok I have spread the load wisely.. therefore odds are in my favor..
then i go for the kill again..

More gold guys..... READ THIS AND INWARDLY DIGEST !

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Hi guys!
Here are my trades for yesterday, I lost about 2.2% on all my trades and here is my first trade today and I got 1%.
Have a nice trading day!

I entered 1.4285.
Put my s/l at 1.4265 - it was under last L/L
When apeared new FCR, I moved my s/l to 1.4271 (2 pips right under FCR) and waited what will happen. my risk was 14:21=2:3.
Fx what do you think about this plan gave me 21pip?


P.S. soory for my incorrect english

its very good plan.. as i do the same thing most times.. but due to markets situation and the break was of the braket and it stall alittle more than usuall.. i decided to to play aggrassive #1..
so some intution played in my part and for once playing it safe.. lol

ok.. as u see i am still in the trade.. fcr formed 4284.. lets see if its kind enough to get so i could preserve pips..otherwise most likly i be out at fcr or if it stalls toomuch in this area i will exit at BE..

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Hi Guys,
New to this forum but thought I'd break my silance I say what a great thread this is!
New to trading the forex only been trading 6 months and have found info here really helpful, all the indicators that I was trying to use was getting really confusing! Like the Idea of just reading the charts and using PA.
Just thought I'd say if any other newbies are reading this a great way to practice is go back on your chart (I went 6 months) and slowly scroll across untill you see a potential trade mark up where you think you would enter then just scroll accross and see how you would off done this is really helping me with my confidence!!

Once again great thread keep it up!
All the best,
Schoey

thanx buddy

Fx,
I'm learning from you how to get out at BE, but it's the most difficult thing I have to learn... When I'm trying to exit at BE the price allmost never come back or I'm too slow and I exit with -5pips or more