The System II (Yes with irony) | Page 239 | 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)

  • #4,761
  • Sep 8, 2009 1:47am Sep 8, 2009 1:47am
My SL has been moved to lock in +10 pips but I am not closing it until A this is majorly reverses and closes out on my SL
B) FCR forms, HH is NOT broken
C) Price goes into a range. then will move stop to below range.

Quoting andrewb7
i am out with 30 , i had a limit order in place (too close) with intentions on moving it , but walked away from computer for 10 min & order filled, anyway +30 good still, no complaints , ( unless it runs +100)
Survive and Preserve
  • #4,762
  • Sep 8, 2009 1:50am Sep 8, 2009 1:50am
guys passed the first hurdel (res) at 4377.. next one at 4388.. and next one 4399..
there will be most likley price hesitation and bounce off on these spots.. so don't be decieved to early..
just a heads up.. something to keep in back of your mind.. still all about moment and immediate price action..
I will stop trail this until reall threat.. looks like a promesing bullish ride..

Good Luck
  • #4,763
  • Sep 8, 2009 1:53am Sep 8, 2009 1:53am
Quoting en0x
My SL has been moved to lock in +10 pips but I am not closing it until A this is majorly reverses and closes out on my SL
B) FCR forms, HH is NOT broken
C) Price goes into a range. then will move stop to below range.
atta way enox.. now your talking.. i see improvments.. more confidence.. this good buddy..
  • #4,764
  • Sep 8, 2009 2:02am Sep 8, 2009 2:02am
this bugger is a runner
+45 so far, 20 pips locked in (SL under FCR)
Quoting fxachilies
atta way enox.. now your talking.. i see improvments.. more confidence.. this good buddy..
Survive and Preserve
  • #4,765
  • Sep 8, 2009 2:06am Sep 8, 2009 2:06am
Hi Fx ,
First of all, I wanna thank you for your nice words to me on yesterday's posts....
I'm really trying to absorb and apply the most I can from You, Dare, Moneda, of course Feb.....
I do know, this hard work, is gonna make me grown and be a better trader on and on...
Also thank you for your post guidance (I think the # 3909 is not a correct one, anyway, more than enough)..
I had already all of them saved into my favourites folder, and some others....
After reading the whole threat is worthy have some post in a direct link to re-read them many times..... to refresh your mind...
Let's see how the session goes....
Good trading to everyone
  • #4,766
  • Sep 8, 2009 2:06am Sep 8, 2009 2:06am
I am going to trail this trade with a 10 trailing stop, I have a meeting now that I have to prepare for.
Quoting en0x
this bugger is a runner
+45 so far, 20 pips locked in (SL under FCR)
Survive and Preserve
  • #4,767
  • Sep 8, 2009 2:17am Sep 8, 2009 2:17am
Hi there,

You're exceptionally generous. I have attached this chart to check with you that I have got the plot rather than missed the point completely. WOuld you be kind enough to comment?

Warm regards

Mac



Attached Image (click to enlarge)
Click to Enlarge Name: Cable 5 minute.gif Size: 64 KB
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,768
  • Sep 8, 2009 2:19am Sep 8, 2009 2:19am
... very nice start of trading today, the "royalty payment" a bit bigger then usually ...
I'm ready to play next part of this game ...
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 35 KB
  • #4,769
  • Sep 8, 2009 2:29am Sep 8, 2009 2:29am
Hey Fx and All,

Maybe be closing too soon here, but the hesitation here got me to close at 90
Survive and Preserve
  • #4,770
  • Sep 8, 2009 2:31am Sep 8, 2009 2:31am
Quoting DareXau
... very nice start of trading today, the "royalty payment" a bit bigger then usually ...
I'm ready to play next part of this game ...
G' day Darek....
I was missing you here on the forum.....
Nice "royalty payment" today
I'm still into the trade to see if price can hit the HH in momentum or if it reverses
  • #4,771
  • Sep 8, 2009 2:32am Sep 8, 2009 2:32am
if you are still in this trade be proud of yourself.. fcr is formed 4381.. sl should be 3pip+ spread below it..
now watch the price reaction to the H/H 4397.. if it stalls at the line I will bank max pips.. its wise bcz next reall hurdel is not that far from that point..
  • #4,772
  • Sep 8, 2009 2:36am Sep 8, 2009 2:36am
Quoting PaulLangham
Hey Fx and All,

Maybe be closing too soon here, but the hesitation here got me to close at 90

valid point Paul,
but fcr is only 10pips away from that point.. so you still making good money on this.. your just risking 10 pips to catch another wave..

but more importantly eliminating the temptation on jumping back in at break of H/H and get toped picked myabe..

just the way i see it.. thats all..
  • #4,773
  • Sep 8, 2009 2:42am Sep 8, 2009 2:42am
Quoting fxachilies
if you are still in this trade be proud of yourself.. fcr is formed 4381.. sl should be 3pip+ spread below it..
now watch the price reaction to the H/H 4397.. if it stalls at the line I will bank max pips.. its wise bcz next reall hurdel is not that far from that point..
Same here Fx,
SL @ 4377 locking 25 pips more or less...
Seems like price is stalling a little @ HH so, maybe I'll close the trade soon, anyway, if my SL is hitted, 25 or 30 pips is good enough
  • #4,774
  • Sep 8, 2009 2:46am Sep 8, 2009 2:46am
Quoting mac1956
Hi there,

You're exceptionally generous. I have attached this chart to check with you that I have got the plot rather than missed the point completely. WOuld you be kind enough to comment?

Warm regards

Mac



Attachment
Mac,
i don't trade the G/U.. I am not good at making comments for anyone with a lagging indicator showing on his chart.. this is a pure PA thread.. and I am a pure PA guy.

anyhow this looks like a classic 123 setup..

If you want to be part of the family.. I highly suggest to read the whole thread if you havn't already.. after 50 pages refer to post 4734 and follow from there... then i can help you more to catch runners like such that your witnessing..

best regards,
  • #4,775
  • Sep 8, 2009 2:48am Sep 8, 2009 2:48am
>>>>>>>bingo<<<<<<<

thats what i am talking about guys..
Thats when you make the big bucks..
  • #4,776
  • Sep 8, 2009 2:49am Sep 8, 2009 2:49am
Quoting jplo
G' day Darek....
I was missing you here on the forum.....
Nice "royalty payment" today
I'm still into the trade to see if price can hit the HH in momentum or if it reverses
Hi Jaco,
... even if I'm not posting, I'm still watching this thread;
re: trade ... generally when my first trade goes in profit I'm intending to cash out quickly,
so that gives me some more money to play a riskier entires later on, but this isn't a rule ...
  • #4,777
  • Sep 8, 2009 2:49am Sep 8, 2009 2:49am
Quoting fxachilies
valid point Paul,
but fcr is only 10pips away from that point.. so you still making good money on this.. your just risking 10 pips to catch another wave..

but more importantly eliminating the temptation on jumping back in at break of H/H and get toped picked myabe..

just the way i see it.. thats all..
My question aswered - fly me to the moon now in progress for you guys.

I am happy with what i banked but this is where work on my part ahs to take place.
Survive and Preserve
  • #4,778
  • Sep 8, 2009 2:52am Sep 8, 2009 2:52am
Appreciate your reply - new to the thread this morning actually - not sure what g/u means...nor PA. Obviously have some catching up to do.

CHeers for now

Mac
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,779
  • Sep 8, 2009 2:54am Sep 8, 2009 2:54am
4445 is the next hurdel.. a month high resistant.. its only 20pip away.. so from here on i will back as soon as i see a small hesitation.. 75 pips is a good enough profit out of a runner.. it most people yearly salary..
  • #4,780
  • Sep 8, 2009 3:01am Sep 8, 2009 3:01am
trailing stop triggered, just got back from meeting and trade was closed. That is life, always another trade away though.
Survive and Preserve
16 traders viewing now