late out but got + 3
Now open stop sell at 32
Now open stop sell at 32
The System II (Yes with irony)
should you take the long on this fcr break? and why?
http://cdn.forexfactory.com/images/attach/gif.gif
So, waiting till shows its real colors
- #4,705
- Sep 7, 2009 3:36am Sep 7, 2009 3:36am
- | Membership Revoked | Joined Feb 2009 | 2,903 Posts
I did not take it, due to a HH only 6,7 pips far from the FCR....
So, waiting till shows its real colors
and I just add that price is hinting range time so don't be careless on the short side either..
thats correct my spaniard friend.. good job..
and I just add that price is hinting range time so don't be careless on the short side either..
Are you gonna try to play "ping-pong" as Feb suggested on Friday?
P.D: Have you watched Rafa yesterday?... jejeje.... We are on 1/8.... Not playing the best he can, but doing a really good job considering his recent injury....
I've just realized your avatar are 3 tennis balls? LOL... You really indeed like tennis....
I play football, but my second sport is without any doubt tennis... I love playing it and also watching it on tv...
Maybe one day, the guyz on the threat, can organize a tennis tournament between us...... jejeje
- #4,707
- Sep 7, 2009 4:01am Sep 7, 2009 4:01am
- | Membership Revoked | Joined Feb 2009 | 2,903 Posts
Thanks buddy,
Are you gonna try to play "ping-pong" as Feb suggested on Friday?
P.D: Have you watched Rafa yesterday?... jejeje.... We are on 1/8.... Not playing the best he can, but doing a really good job considering his recent injury....
I've just realized your avatar are 3 tennis balls? LOL... You really indeed like tennis....
I play football, but my second sport is without any doubt tennis... I love playing it and also watching it on tv...
Maybe one day, the guyz on the threat, can organize a tennis tournament between us.........
ya rafa is looking good.. but i don't think he can win it..
I played college ball, mostly in top 3 for my four years studing.. best time of my life.. lived and breath this great game.. now i play for fun but still take it serious when i am on the court... so get you gear up if you wan to face meeeeeeeee.. lol
Good morning from Spain guyz,
As soon as I got up from bed, bang!!!
Long on this breakout....
A comment if I may.... in this particular entry one can say by watching price action that you what you have is a new swing and perhaps the basic 1-2-3 (wait for the pullback and enter the continuation) would have been the way to go. Looking after the fact you could have been in a better position to apply fx's strategy.
Good luck
Unus pro omnibus, omnes pro uno
Hola jplo,
A comment if I may.... in this particular entry one can say by watching price action that you what you have is a new swing and perhaps the basic 1-2-3 (wait for the pullback and enter the continuation) would have been the way to go. Looking after the fact you could have been in a better position to apply fx's strategy.
Good luck
...That is gonna make me analize PA and setups better and better everytime...
Only one question, are you suggesting it because price came from quite far away and it had already run for more or less 20 pips?...
- #4,710
- Sep 7, 2009 5:15am Sep 7, 2009 5:15am
- | Membership Revoked | Joined Feb 2009 | 2,903 Posts
Hola jplo,
A comment if I may.... in this particular entry one can say by watching price action that you what you have is a new swing and perhaps the basic 1-2-3 (wait for the pullback and enter the continuation) would have been the way to go. Looking after the fact you could have been in a better position to apply fx's strategy.
Good luck
I am a bit confused and may not have understood your post correctly.. so I appoligize in advance..
the way i understand it is that your saying in this particular trade you are better off to take 123? if i am correct.. then my reply is.. firstly we can not cherry pick.. and what if 123 don't happen after fcr or bracket breakout?.. and price countines long for a straight 40pips.. aren't you left with a missed oppourtunity? (worst thing that can happen to you in this style of trading)
the point is we don't know what price will do.. and we are tape readers.. thats why i stress so much to take the earliest option, and most times fcr get you in the bus more timley and quicker, but more importantly gurantees your presents in each and every ride if it meant to be.. and if it dosent develop into one.. then I be using my expectancy skill to survive, then look the other way and next ride..
PS) my strategy throws out the after and before fact.. its about now.
now again disregard this whole thing if I have misunderstood your post..
Thank you.
You don't even have to say "if I may...", I would even ask you, as a favor to me, for coments in whatever mistake I could made mate
That is gonna make me analize PA and setups better and better everytime...
Only one question, are you suggesting it because price came from quite far away and it had already run for more or less 20 pips?...
Hmmm.... ok, if you look prior to the spike, price broke a consolidation and dropped then reversed direction and broke through the previous high with the required speed and momentum... this all happened around the time of the London open so in my way of looking at it, we had a new swing thus I would have waited for a pullback... I don't have a fixed # of pips in mind that it needs to run but it does have to show some speed and momentum (how fast price is going up or down and for how long it is doing this movement). This is a lot of words for something that happens almost instinctively as we refine our discretion. In this particular situation, if you want to jump in, maybe a smaller load just in case of a fakeout may be a wise choice... it is as much about controlling the amount of $$$ that you loose as much as the amount you gain...they are both "joined at the hips"... loosing smartly is just as important as winning.
Hope this helps,
Unus pro omnibus, omnes pro uno
moneda,
I am a bit confused and may not have understood your post correctly.. so I appoligize in advance..
the way i understand it is that your saying in this particular trade you are better off to take 123? if i am correct.. then my reply is.. firstly we can not cherry pick.. and what if 123 don't happen after fcr or bracket breakout?.. and price countines long for a straight 40pips.. aren't you left with a missed oppourtunity? (worst thing that can happen to you in this style of trading)
the point is we don't know what price will do.. and we are...
I don't know what is going on but this is my third attempt replying to your comments... I think that the program does not like my comments inside your quote...ok, here I go again..!
the way i understand it is that your saying in this particular trade you are better off to take 123? if i am correct.. then my reply is.. firstly we can not cherry pick.. and what if 123 don't happen after fcr or bracket breakout?.. and price countines long for a straight 40pips.. aren't you left with a missed oppourtunity? (worst thing that can happen to you in this style of trading)the point is we don't know what price will do.. and we are tape readers.. thats why i stress so much to take the earliest option, and most times fcr get you in the bus more timley and quicker, but more importantly gurantees your presents in each and every ride if it meant to be.. and if it dosent develop into one.. then I be using my expectancy skill to survive, then look the other way and next ride..
If that were to happen then you follow Feb's advice... wait for the next bus...plenty of them will come around. This is not "cherry picking" just another way to trade...one that Feb left us with, perhaps not as sharp and aggresive as your proven approach but just as viable for some people.
PS) my strategy throws out the after and before fact.. its about now.
I agree that when pulling the trigger the "after and before the fact" has to be put on hold and trade what you are looking at the moment....however, reflecting on how we traded once it is over helps us develop our skills..we are not a blank slate, our past experiences do play some role in our trading, our expectancy skills take time and space in our brain otherwise we might as well develop an EA and trade like a robot.
now again disregard this whole thing if I have misunderstood your post..
your comments should not be disregarded at all! this is what a forum is all about... sharing perspectives with an open mind... your comments are very much appreciated.
Thanks
Unus pro omnibus, omnes pro uno
- #4,714
- Sep 7, 2009 6:36am Sep 7, 2009 6:36am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
Survive and Preserve
Right,market is dead flat and with absolutely no chance the US is going to move it today, I am taking all risk and orders off the table and having an R&R night
Should be some massive moves in FX when the US gets in tomorrow and starts moving the EQ markets and taking their positions after this long weekend.
Bring it on..
en0x,
Maybe time to play ping pong(per Feb)...
Unus pro omnibus, omnes pro uno
- #4,717
- Edited 10:27am Sep 7, 2009 8:33am | Edited 10:27am
Fx,
Bro, I have no bone to pick with your success nor the contribution you have made with the FCR... your are correct in many ways it is a mini 1-2-3... I don't subscribe to the notion that the 1-2-3 is inferior....just a different way to "skin the cat"... maybe Feb can clear this up... I don't think that he has ever posted anything that says that you can not be successful with his basic approach + everything else that he covered. I think that the two approaches are complimentary to eachother and I will leave it at that and let each individual carve their path to success. I will not bring this subject up again... no need... plenty of information for those who read the posts..
Have a great US holiday... I am going to mow my lawn and ride my bike.
Bro, I have no bone to pick with your success nor the contribution you have made with the FCR... your are correct in many ways it is a mini 1-2-3... I don't subscribe to the notion that the 1-2-3 is inferior....just a different way to "skin the cat"... maybe Feb can clear this up... I don't think that he has ever posted anything that says that you can not be successful with his basic approach + everything else that he covered. I think that the two approaches are complimentary to eachother and I will leave it at that and let each individual carve their path to success. I will not bring this subject up again... no need... plenty of information for those who read the posts..
Have a great US holiday... I am going to mow my lawn and ride my bike.
Unus pro omnibus, omnes pro uno
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