The System II (Yes with irony) | Page 295 | 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)

  • #5,881
  • Sep 17, 2009 3:07am Sep 17, 2009 3:07am
Quoting en0x
My thoughts on this short (which I am in now) is to let it breathe and that means that if it pulls back to forma new FCR, move my stop to above that FCR then if price doesnt break the LL then I am out.

If price doesnt form a new FCR then my hard stop is there in place to sort me out.

I'm still in on my original short - playing #1. Went to +11 and the retraced.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,882
  • Sep 17, 2009 3:07am Sep 17, 2009 3:07am
I didnt like the short (I am still in though as I didnt play number 2 trying to give a trade to breath) for reasons OTHER then this trading method but trying to follow it.

I need to play the testing game more as this is what this method is. Test test test market until you get that runner.

Quoting mac1956
What do you mean by follow through Paul?
Survive and Preserve
  • #5,883
  • Sep 17, 2009 3:08am Sep 17, 2009 3:08am
Quoting mac1956
What do you mean by follow through Paul?

I understand. You said there was follow through originally...now I understand.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,884
  • Sep 17, 2009 3:16am Sep 17, 2009 3:16am
I'm out +2
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,885
  • Sep 17, 2009 3:26am Sep 17, 2009 3:26am
Out for breakeven.

Now do you play the break if it happens again or wait for something else Paul?


Quoting en0x
I didnt like the short (I am still in though as I didnt play number 2 trying to give a trade to breath) for reasons OTHER then this trading method but trying to follow it.

I need to play the testing game more as this is what this method is. Test test test market until you get that runner.
Survive and Preserve
  • #5,886
  • Sep 17, 2009 3:28am Sep 17, 2009 3:28am
Quoting mac1956
I'm out +2

Patience and expectancy - I'll put that one down to experience.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,887
  • Sep 17, 2009 3:31am Sep 17, 2009 3:31am
Quoting mac1956
I understand. You said there was follow through originally...now I understand.
Sorry yes, meant no follow thru originally.

Now short 30 could be another #2
Survive and Preserve
  • #5,888
  • Sep 17, 2009 3:32am Sep 17, 2009 3:32am
Quoting en0x
Out for breakeven.

Now do you play the break if it happens again or wait for something else Paul?

Hi Bracket was short 30 long 49
Survive and Preserve
  • #5,889
  • Sep 17, 2009 3:46am Sep 17, 2009 3:46am
Good morning guyz,
I've felt into this nasty 1-2-3 fakeout... now I'm afraid that we are gonna have to play #2...
Let's see If it can be at least a BE
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 95 KB
  • #5,890
  • Sep 17, 2009 3:49am Sep 17, 2009 3:49am
news time ?
  • #5,891
  • Sep 17, 2009 4:00am Sep 17, 2009 4:00am
anyone still still playing #1 on the short? this is one of those tricky ones where there appears to be no speed and rythm, yet price is still making LH's and LL's im still in, but wary
  • #5,892
  • Sep 17, 2009 4:05am Sep 17, 2009 4:05am
Quoting benkm108
anyone still still playing #1 on the short? this is one of those tricky ones where there appears to be no speed and rythm, yet price is still making LH's and LL's im still in, but wary
Came out at BE on the previous LL
Too tired to argue. Too old to care.
  • #5,893
  • Sep 17, 2009 4:06am Sep 17, 2009 4:06am
Quoting benkm108
anyone still still playing #1 on the short? this is one of those tricky ones where there appears to be no speed and rythm, yet price is still making LH's and LL's im still in, but wary
Out at BE, now read for Long at 44 or break of 26 for short

Agree enetirelyn was still making LH and LL but the retracements seemed large when looking at the price progress - not nice sitting thru that.
Survive and Preserve
  • #5,894
  • Sep 17, 2009 4:08am Sep 17, 2009 4:08am
Quoting davidb
Came out at BE on the previous LL
yes looks like DB mayeb upside now - but very slow in anycase - but ready at 44
Survive and Preserve
  • #5,895
  • Sep 17, 2009 4:12am Sep 17, 2009 4:12am
Quoting PaulLangham
yes looks like DB mayeb upside now - but very slow in anycase - but ready at 44
I'm ready for the long but I'm sitting out a further short. The bear run has been in place for 2.5 hours so far and I'm concerned about bottom picking.
Too tired to argue. Too old to care.
  • #5,896
  • Sep 17, 2009 4:16am Sep 17, 2009 4:16am
Hi,guys
I come to this thread 4 days ago, it's a interesting method. Is there any manual of the system?

Thank you!
  • #5,897
  • Sep 17, 2009 4:23am Sep 17, 2009 4:23am
Quoting yuyudada
Hi,guys
I come to this thread 4 days ago, it's a interesting method. Is there any manual of the system?

Thank you!
Hi yuyudada,
Welcome to the threat..

For sure there is a manual..... it is the whole threat.....

I strongly recomend you to read it carefully and you will understand perfectly what we do here....
  • #5,898
  • Sep 17, 2009 4:34am Sep 17, 2009 4:34am
-16 pips 4 me on the short fake....

I made a mistake and could not get out at BE.....

Anyway, too much session to patiently recover this...
  • #5,899
  • Sep 17, 2009 4:35am Sep 17, 2009 4:35am
Good morning to all,

Glad to be back..... atm what I see is the typical low volatility period that takes place until an hour or so before the opening of the NY session....of course, the market may go crazy and take off. I keep my eye on price action but I do not trade as if the time of day is irrelevant. Let us not forget that the first swing of the London/NY gives us the best chance to enter and what follows is your expectancy skills.. Now having said that, please don't be dogmatic...trade what you see and apply the IF and THEN approach.

Good luck to all.
Unus pro omnibus, omnes pro uno
  • #5,900
  • Sep 17, 2009 4:35am Sep 17, 2009 4:35am
Hello Traders

I have been lurking aound here for 3-4 weeks, reading the thread from both ends as well as demo trading. I am up to page 180, hope to finally get up to speed on the weekend. Thanks to Feb, FX, moneda, darex and others for passing on there knowledge wisdom and experience, hope to give a bit back in time.

Where's FX today, out shopping with GF again
"Save your ass, then go for profit"
5 traders viewing now