The System II (Yes with irony) | Page 249 | 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)

  • #4,961
  • Sep 9, 2009 4:53am Sep 9, 2009 4:53am
I'm in let's do ourself walk
  • #4,962
  • Sep 9, 2009 5:04am Sep 9, 2009 5:04am
... yesterday or day before feb convinced me to a ping-pong game,
so today instead playing 1-2-3 or fractals I've decided to give a shot to in range trading,
something which never done on 5 min. time-frame, but very often doing on 1H/4H T/F especially with AUD/NZD
... well, so far the result is very positive, considering today's range of 50.7 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 52 KB
  • #4,963
  • Sep 9, 2009 5:06am Sep 9, 2009 5:06am
ok fcr's getting to close to eachother facing one another in a short distance.. so slow down and wait for the clear and more convinsing break..
  • #4,964
  • Sep 9, 2009 5:06am Sep 9, 2009 5:06am
WE are in a range, a very tight range again.

I am ping pong this still at +6 now was very close to be stopped at BE but survived that, lets see howit goes.
This is a pong, lets wait for a ping.
Quoting DareXau
... yesterday or day before feb convinced me to a ping-pong game,
so today instead playing 1-2-3 or fractals I've decided to give a shot to in range trading,
something which never done on 5 min. time-frame, but very often doing on 1H/4H T/F especially with AUD/NZD
... well, so far the result is very positive, considering today's range of 50.7 pips
Survive and Preserve
  • #4,965
  • Sep 9, 2009 5:07am Sep 9, 2009 5:07am
Let's see, which bar act funny

Attached Image
  • #4,966
  • Sep 9, 2009 5:14am Sep 9, 2009 5:14am
Baled out for a +3; think I'll wait for something clearer.

Mac
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,967
  • Sep 9, 2009 5:15am Sep 9, 2009 5:15am
Quoting mac1956
Baled out for a +3; think I'll wait for something clearer.

Mac
Good Idea!
I know where I am----I just don't know where I'm going!
  • #4,968
  • Sep 9, 2009 5:20am Sep 9, 2009 5:20am
Quoting fxachilies
ok fcr's getting to close to eachother facing one another in a short distance.. so slow down and wait for the clear and more convinsing break..
so, this was ur question all about,
a condition where fcr close to each other.
I see it now, thank you fx.

closed my trade -1
  • #4,969
  • Sep 9, 2009 5:22am Sep 9, 2009 5:22am
Quoting DareXau
... yesterday or day before feb convinced me to a ping-pong game,
so today instead playing 1-2-3 or fractals I've decided to give a shot to in range trading,
something which never done on 5 min. time-frame, but very often doing on 1H/4H T/F especially with AUD/NZD
... well, so far the result is very positive, considering today's range of 50.7 pips
G' day Darek....
Amazing and very positive trades buddy...
How is your approach to that ping pong game?
Do you simply punch your stop orders on the bounderies or do you wait for anything in particular to take that reverses?....
  • #4,970
  • Sep 9, 2009 5:24am Sep 9, 2009 5:24am
I am playing ping pong with candle formations on the boundaries. 3 trades ping ponging today.

Seems to work really well during asia session as EUR hardly moves much , well sluggish which is great for ping and pong.

DX< how do you find the ping pong game during asia trading the EUR?
Survive and Preserve
  • #4,971
  • Sep 9, 2009 5:24am Sep 9, 2009 5:24am
Seems to me the next entry points are

Short at 14484 - or -
Long at 14504
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,972
  • Sep 9, 2009 5:25am Sep 9, 2009 5:25am
well done dare, interested to know how u get ur entries
Survive & Preserve
  • #4,973
  • Sep 9, 2009 5:29am Sep 9, 2009 5:29am
Guys,

Surely you know how to trade a range? Sell at the top buy at the bottom.

Its not very hard, the secret is to protect yourself from breakouts, they happen, so make sure you out when they do.

YOu could use the #1 and #2 rules of FX to trade it , that is how I am doing it. Need more days doing it though.

The trick is, dont be trading a range in a trend
Survive and Preserve
  • #4,974
  • Sep 9, 2009 5:34am Sep 9, 2009 5:34am
I have to go for now sadly. This has been a most insightful and enlightening couple of days. This session has taught me more than I know.
Thank you so much Fxachiles for your generous coaching, and Capt OK for your help too, as well as all the other comments from other people, all of which season the stew.

Good luck today everyone.

Mac
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,975
  • Sep 9, 2009 5:41am Sep 9, 2009 5:41am
Quoting jplo
G' day Darek....
Amazing and very positive trades buddy...
How is your approach to that ping pong game?
Do you simply punch your stop orders on the bounderies or do you wait for anything in particular to take that reverses?....
I did define the range about half way in Sydney session, between 1.4510 & 1.4485
the first trade was based on fractal reversal, but all the next entries as close as possible to the boundary,
when price is reversing from top or bottom, target was 20 pips except last active trade - reckon there are chances to go lower ...
  • #4,976
  • Sep 9, 2009 5:42am Sep 9, 2009 5:42am
Quoting elizo
FX and the other helpful guys:

I already shorted that one. However, I just entered long in the signal I post below for a big fakeout. I saw jplo and other guys considered the FCR exactly on the same level I just entered, since I considered mine strictly below (where the black line is set). Was it a wrong one? Should I wait more for the FCR to form? At the moment of entering it looked good to me since we were breaking on the upside...

Many thanks in advance.
Hi Elizo,

Maybe FX as some of the others can agree/disagree with me on this but I would say the FCR was not so well defined or formed.

Hope this helps.
Survive and Preserve
  • #4,977
  • Sep 9, 2009 5:46am Sep 9, 2009 5:46am
Quoting en0x
I am playing ping pong with candle formations on the boundaries. 3 trades ping ponging today.

Seems to work really well during asia session as EUR hardly moves much , well sluggish which is great for ping and pong.

DX< how do you find the ping pong game during asia trading the EUR?
I've started a bit later today, but if market conditions will not change I'm gonna play tomorrow, looks like a good fun
  • #4,978
  • Sep 9, 2009 5:50am Sep 9, 2009 5:50am
Quoting DareXau
... yesterday or day before feb convinced me to a ping-pong game,
so today instead playing 1-2-3 or fractals I've decided to give a shot to in range trading,
something which never done on 5 min. time-frame, but very often doing on 1H/4H T/F especially with AUD/NZD
... well, so far the result is very positive, considering today's range of 50.7 pips
Hey dare,

Nice work, one question I don't get your first trade - shouldn't you have been trading off the wider bracket rather than such a narrow one ? Maybe I missed something .

Cheers
Survive and Preserve
  • #4,979
  • Sep 9, 2009 5:56am Sep 9, 2009 5:56am
I will open up a new thread for range (ping pong) trading today. Stay put. Let's keep this thread on the original path....

Good luck today.
Peace
  • #4,980
  • Sep 9, 2009 5:59am Sep 9, 2009 5:59am
Quoting DareXau
I did define the range about half way in Sydney session, between 1.4510 & 1.4485
the first trade was based on fractal reversal, but all the next entries as close as possible to the boundary,
when price is reversing from top or bottom, target was 20 pips except last active trade - reckon there are chances to go lower ...
Thank you very very much for your explanation, mate!
You're improving again the threat quality...
1-2-3 setup, Fxachilies Crazy Reversals, Ping-Pong game on range times.....
Simply amazing, how all this together, can lead us to make money, and which is even more important, to lose smartly when things come wrong, in every situation....
Thank you again V.I.P.'s
20 traders viewing now