The System II (Yes with irony)

Been playing with Ping Pong using 123 to determine when to short or when to long within the bracket during asia on the eur/usd. Amazing how fluid the pair is during there. Picked up a couple of very good trades the slugged along today.

Hi Moneda,

Yep short In fact the issue here was not closing the previous trade earlier enough - if I had done so thene the short would have been a BE .

Thanks for positive comments

Short

I am on the short based on fcr double top..

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

Fakeout play number 2 ...

Cut short the loss for -4..

I am plying this game properly now.. Stuff it.

yes my friend its #2 time... 4503 is our exit warning.. london is about to open.. hopefully we'll get a bearish run..
but when london opens and price goes bullish with rapid speed close this shit quick..

sl should be above 4305 now.. if anyone is in this short trade..

4479 is hurdel to watch

enox.. be patience my friend..

I should have but I didnt. Need to learn to play #number 2 as you would play FCR when in a trade.

Still learning, I closed the short out for -4, waiting for another trade

ok price seems like not wanting to break the 4480ish area just yet so i closed at the bottom for +12 solid pips... placed a sell order below..


enox.. its ok.. its all about practise..

Hi there wise one,

I have read the thread, printed it out, studied and played with it. I get the 123 - very straightforward. When I look at your post 4863 it leaves me with lots of questions. The thinking looks pretty sophisticated as you dance with death.

At the risk of being a complete pain in the butt - your first red line doesn't look like a retracement (1.4445) - but I can see retracement begins at 1.4473 ish suggesting a buy entry at 1.4475/6 and then a successful exit at 1.4502 ish - brilliant win. Have I misinterpreted that first red line - does it mark your validation of the swing?

After your profitable exit at 1.450+ I can't see your entry point to achieve an exit at 1.4495 - (second yellow line) - were you short off of the high at 1.4510?

In the following downswing, is there a potetntial short entry point - and does your next yellow line (#3) indicate that you took a breakeven exit?

The next long trade up to an exit (#4) at 1.4515 makes sense (nice one) after the fakeout. Then do you go short again taking a small profit (yellow line #5) at 1.4505 on the pullback?

The final two yellow lines (6 and 7) have me baffled - I can't see where your entry point for #6 is justified - what am I missing? Is it a bounce trade off the 1.450?

The long red candle followed by the short green that you highlighted - is that a valid pullback? I can't get my head around the entry point and the final exit.

I know I am probably asking something others on this thread will see with ease, but I am keen to learn...and pretty dedicated to getting to grips with this.

Trading naked - doing the thang - desperate to learn - please help.

Mac

guys stick with me today and learn.. i will do most of my trades live with you guys and try to get my post in as quickly as possible as I am managing my trades..

don't worry so much about making money today (drop your load) but to learn and absorb by witnessing it live trade in trade out..
I myself will drop my load to 10 lots (bcz i got to keep posting to you guys) and get into all the action to prove that this is the way to go..
taking all the correct shots and trade managing the fuck out of it with expectancy and #1&2 as our guide..

lets go..

now i got a sell order below the L/L.. at the same time watching the price to form a fcr for long..

I'm gonna be there!

I'm short from 4477

Mac,
i don't have time to read this whole post at the moment.. but i will help..
refer to my last post and stick around to learn..
but first thing first.. to stay current with the thread must also refer to post 4734 aswell..
then i give you all the help you want..


short was just triggered.. i hope you took it too

Good morning guyz ,
I'm short here for my first trade today....
Let's see how it goes and how internet conexion respects me today ...
I'm assuming we are gonna play #1 here

K7.. just make sure your using 3pips + spread before being triggered.. just a heads up.. i dont know what your spread is with e/u..

jacko.. always place a sl.. specially u with connection problems.. lol

here she goes!!

My Spread on EU is around 2.5 pips. and in meta trader 4 if I short I don't include the spread but it's vital on long side. thx. And I read this thread and I have every basic knowledge. Special thanks to feb. so far so good, 8 pips in profit.