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The System II (Yes with irony)

  • #5,621
  • Sep 15, 2009 3:08am Sep 15, 2009 3:08am
Hi guys,
slowly digesting Fed's defeat here in switzerland so here are my first two trades this morning, currently long..
let's see what happens next
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  • #5,622
  • Sep 15, 2009 3:12am Sep 15, 2009 3:12am
Long at 14606. Big news at 9.30, 9.45, and 10 am GMT - how long do we haev before we need to be out?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,623
  • Sep 15, 2009 3:17am Sep 15, 2009 3:17am
Quoting anthony500
Hi guys,
slowly digesting Fed's defeat here in switzerland so here are my first two trades this morning, currently long..
let's see what happens next
My commiserations about Federer, mate....
  • #5,624
  • Sep 15, 2009 3:37am Sep 15, 2009 3:37am
Out on this long for +3... don't like PA, lack of momentum... especially after failing to run above 13.5. I could be wrong, but this is my reading of the pair at this moment: no speed, etc...
  • #5,625
  • Sep 15, 2009 3:47am Sep 15, 2009 3:47am
Out @ BE...
  • #5,626
  • Sep 15, 2009 3:51am Sep 15, 2009 3:51am
guys its news time.. price is acting funny and thats expected during such time.. relax and wait.. ignor any setups until dust is settled..

by the way guys.. don't force trades on fcr.. the long that you all took.. its not the best looking one.. right? so look for more obvious ones.. you hardly got a dip and pull or double bottom.. and abviously price is stalling since hit that LL spot 4601..

anthony.. Roger is the best that has ever played the game.. he owns all kind of records.. the guy is flawless.. but everyone has its own moments and today was this youngsters moment with worthy game..
it was a great final one of the best in recent years at the Open.. I was greatfull to witness it..
  • #5,627
  • Sep 15, 2009 3:58am Sep 15, 2009 3:58am
Quoting jplo
My commiserations about Federer, mate....
thanks lol

I'm out at BE too ..
  • #5,628
  • Sep 15, 2009 4:23am Sep 15, 2009 4:23am
waiting for possible short below fcr @1.4581
  • #5,629
  • Sep 15, 2009 4:37am Sep 15, 2009 4:37am
Quoting pauljred
waiting for possible short below fcr @1.4581
Missed my limit order @1.4577 by 1 pip, guess that why we need 3 pip plus spread cushion.
  • #5,630
  • Sep 15, 2009 4:47am Sep 15, 2009 4:47am
Quoting pauljred
Missed my limit order @1.4577 by 1 pip, guess that why we need 3 pip plus spread cushion.

Chart
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  • #5,631
  • Sep 15, 2009 4:49am Sep 15, 2009 4:49am
Quoting pauljred
waiting for possible short below fcr @1.4581

thats not a fcr.. 4581 is a countinuation signal... your fcr for short was at 4625.. FCR is a reversal signal not a price countinuation
example: at the moment, your fcr for is at 4595 for long..

you should know this stuff by now paulj..

reread some of the necessary posts..advise
  • #5,632
  • Sep 15, 2009 4:55am Sep 15, 2009 4:55am
Quoting fxachilies
thats not a fcr.. 4581 is a countinuation signal... your fcr for short was at 4625.. FCR is a reversal signal not a price countinuation
example: at the moment, your fcr for is at 4595 for long..

you should know this stuff by now paulj..

reread some of the necessary posts..advise
ok thanks fx, understood, will do.
  • #5,633
  • Sep 15, 2009 5:02am Sep 15, 2009 5:02am
short at 1.4582
long at 1.4600
Let's see
  • #5,634
  • Sep 15, 2009 5:03am Sep 15, 2009 5:03am
Quoting fxachilies
thats not a fcr.. 4581 is a countinuation signal... your fcr for short was at 4625.. FCR is a reversal signal not a price countinuation
example: at the moment, your fcr for is at 4595 for long..

you should know this stuff by now paulj..

reread some of the necessary posts..advise
The more I read your post , the more glaringly obvious my statement was incorrect , no excuses, I've given myself a hard slap.

thanks fx
  • #5,635
  • Sep 15, 2009 5:16am Sep 15, 2009 5:16am
long 4600
sl 4584
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it's a huge gap tony, a huge gap.
  • #5,636
  • Sep 15, 2009 5:18am Sep 15, 2009 5:18am
currently long at 1.4595 ... going to eat something and see how this trade develops
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  • #5,637
  • Sep 15, 2009 5:18am Sep 15, 2009 5:18am
i am with you guys on this long ride.. its lookin good so far..
  • #5,638
  • Sep 15, 2009 5:22am Sep 15, 2009 5:22am
Quoting fxachilies
i am with you guys on this long ride.. its lookin good so far..
Same here
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  • #5,639
  • Sep 15, 2009 5:35am Sep 15, 2009 5:35am
hold your ground on this price hesitation or retrace.. led it develop.. if its gonna retrace back alltoughway.. so be it, big deal.. but in the long run th odds are in your favor to catch big rides..
don't allow yourself to be decived with markets first bitch ass move..
the worst can happen to you is BE... you got'em by the balls, just don't let go yet
  • #5,640
  • Sep 15, 2009 5:40am Sep 15, 2009 5:40am
these are the moments that you develop yourself to a much bigger trader.. what seperates the men from boys.. stand tall..
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