The System II (Yes with irony) | Page 296 | 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)

  • #5,901
  • Sep 17, 2009 5:07am Sep 17, 2009 5:07am
Quoting Paul M
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

Welcome.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,902
  • Sep 17, 2009 5:10am Sep 17, 2009 5:10am
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 YuYu

I am new too, see post 4734, for Fx's essential reading

http://www.forexfactory.com/showpost...postcount=4734
"Save your ass, then go for profit"
  • #5,903
  • Sep 17, 2009 5:18am Sep 17, 2009 5:18am
[quote=Paul M;3067497]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....

Ok,

If you go to pg.316 you will find a post by FX that will speed up your understanding of this thread...do not skip the first 50 pages. I will make it even easier by including the page # that goes with the post#. The easiest way is to go to the top of the page where it shows the pages and click where it says "last"... it will take you to your desired page.

Post# 538/pg.36
1324/pg.89
3420/pg.228
3973/pg.265
4219/pg.282
4326/pg.289
4486/pg.300
4538/pg.303
4613/pg.308

So there... hope this helps keep our questions to what is going on live.
Unus pro omnibus, omnes pro uno
  • #5,904
  • Sep 17, 2009 5:19am Sep 17, 2009 5:19am
New to this thread (relatively) and FF too. I believe i've read the best times to trade this method is when price is trending. How do you guys determine when the market is ranging, eg, when price has only moved between x pips? Or just look at the chart?

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 18 KB
  • #5,905
  • Edited 6:48am Sep 17, 2009 5:23am | Edited 6:48am
[quote=moneda;3067576]
Quoting Paul M
Hello Traders

So there... hope this helps keep our questions to what is going on live.
Thanks moneda, I already had that one saved as favourite and printed out. I will try not distract with my questions

Mac, thanks for the welcome
"Save your ass, then go for profit"
  • #5,906
  • Sep 17, 2009 5:23am Sep 17, 2009 5:23am
Hi guys,
I am a bit busy today with outside stuff.. we got a party coming up this weekend and you know how that goes.. and i needed a small break.. specially after that grulling dumbass trade of mine last night.. luckly survived..
just stolle a afew minutes here to check up on you guys and zip through todays pages.. i see great activity from everyone and nice guidance from Mr. paul L and Davidb.. you guys are cool..
I will should be ok to start trading for NY session..
see you in a few..

you guys rock
  • #5,907
  • Sep 17, 2009 5:31am Sep 17, 2009 5:31am
did you guys take the long at 14745?
i am currently in and about to get stopped out but wondering wether to revers for the short or not. doesnt seem to have much pressure that way either
  • #5,908
  • Sep 17, 2009 5:32am Sep 17, 2009 5:32am
Looking for a poss short at 14723
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,909
  • Sep 17, 2009 5:40am Sep 17, 2009 5:40am
Quoting benkm108
did you guys take the long at 14745?
i am currently in and about to get stopped out but wondering wether to revers for the short or not. doesnt seem to have much pressure that way either

I can't see a long opp at 14545.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,910
  • Sep 17, 2009 5:40am Sep 17, 2009 5:40am
Quoting mac1956
I can't see a long opp at 14545.

Sorry 14745
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,911
  • Sep 17, 2009 5:41am Sep 17, 2009 5:41am
Quoting benkm108
did you guys take the long at 14745?
i am currently in and about to get stopped out but wondering wether to revers for the short or not. doesnt seem to have much pressure that way either
I'm still in - just. Probably should have come out on the LH but missed it.

I've got a short entry order in as well. It's now effectively the bottom of a bracket. There's strong support here, if it does break it could run, not a prediction, merely a thought.
Too tired to argue. Too old to care.
  • #5,912
  • Sep 17, 2009 5:42am Sep 17, 2009 5:42am
Quoting benkm108
did you guys take the long at 14745?
i am currently in and about to get stopped out but wondering wether to revers for the short or not. doesnt seem to have much pressure that way either
i was in that trade but exited when price couldnt break 4747 ish & i will enter at 4724 short
Survive & Preserve
  • #5,913
  • Sep 17, 2009 5:45am Sep 17, 2009 5:45am
Quoting andrewb7
i was in that trade but exited when price couldnt break 4747 ish & i will enter at 4724 short

Has anyone got a chart with that on it - I can't see it
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,914
  • Sep 17, 2009 5:45am Sep 17, 2009 5:45am
Looking at the chart and the PA....

I'm very hesitant to take a short continuation now....

On the other hand I've just placed a long order above the FCR @ 4735....
Only to test things.....
  • #5,915
  • Sep 17, 2009 5:48am Sep 17, 2009 5:48am
Quoting mac1956
Has anyone got a chart with that on it - I can't see it
here you are mac
Attached Image (click to enlarge)
Click to Enlarge Name: eum5.gif Size: 12 KB
  • #5,916
  • Sep 17, 2009 5:49am Sep 17, 2009 5:49am
Quoting jplo
Looking at the chart and the PA....

I'm very hesitant to take a short continuation now....

On the other hand I've just placed a long order above the FCR @ 4735....
Only to test things.....
it could go either way though because it has been in a 27 pip range for nearly 4hrs so it would be a bracket trade which means both ways
Survive & Preserve
  • #5,917
  • Sep 17, 2009 5:51am Sep 17, 2009 5:51am
Quoting jplo
Looking at the chart and the PA....

I'm very hesitant to take a short continuation now....

On the other hand I've just placed a long order above the FCR @ 4735....
Only to test things.....

Is your shortside reluctance about the 4720 support and also that previous year high?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,918
  • Sep 17, 2009 5:55am Sep 17, 2009 5:55am
Quoting benkm108
here you are mac

Thank you. It's clear now - appreciate your help.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,919
  • Sep 17, 2009 5:55am Sep 17, 2009 5:55am
Quoting andrewb7
it could go either way though because it has been in a 27 pip range for nearly 4hrs so it would be a bracket trade which means both ways
Yes, I could be both sides..
Only a question that I don't feel too much confortable going short because of the several fakes to the downside....

Anyway, price is moving anywhere by now, maybe due to the time in the day, as Moneda pointed out...
  • #5,920
  • Sep 17, 2009 5:58am Sep 17, 2009 5:58am
Quoting benkm108
did you guys take the long at 14745?
i am currently in and about to get stopped out but wondering wether to revers for the short or not. doesnt seem to have much pressure that way either

yes I did. When it is all over maybe FX can comment on this but it took me out at 27 for -17 for me with no real chance to bail at BE.

Plenty of time to get it back once we start trading the NY session . News 08:30 remember

I
Survive and Preserve
44 traders viewing now