The System II (Yes with irony) | Page 307 | Forex Factory

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We all need pivots to win..yes or not? 13 replies

The System (Irony included) 1,175 replies

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The System II (Yes with irony)

  • #6,121
  • Sep 21, 2009 1:38am Sep 21, 2009 1:38am
Quoting en0x
I traded short ont he first break, premature time wise, closed it out at 0 when a big old candle shot up straight to the breakout point,

I should hold my ground harder shouldnt i?
right on the money enox.. nice..
which one.. the very first short entery in early asian session 4701 or mid session 4682?


and touchdown on my short.. thats what patience will do for you..
  • #6,122
  • Sep 21, 2009 1:42am Sep 21, 2009 1:42am
2 hours before London. I am not trading asia until I know what I am doing in London/NYC, I think 12 hours trading day is enough.

Quoting fxachilies
right on the money enox.. nice..
which one.. the very first short entery in early asian session 4701 or mid session 4682?


and touchdown on my short.. thats what patience will do for you..
Survive and Preserve
  • #6,123
  • Sep 21, 2009 1:45am Sep 21, 2009 1:45am
Quoting jplo
Good morning guyz, , and good new trading week to everyone...

Fx,
Are these the correct last fcr's?

it sure is bud.. nice.

Dim,
good to have you back bro.. your always part of the family.. i remember you very well..

enox,
take it easy.. you'll get there.. I lost alot and missed alot of opportunites and got decieved by the market manytimes and etc.. before i grew some balls.. lol
  • #6,124
  • Sep 21, 2009 1:51am Sep 21, 2009 1:51am
Quoting en0x
2 hours before London. I am not trading asia until I know what I am doing in London/NYC, I think 12 hours trading day is enough.
ok this was a tricky one.. i entered on the first break of 4682.. then when i got faked I played #2 exited for -5.. the when price fail to go higher i reentered again at the same spot 4682..

I just exited that trade for 22pips.. I wasn't gonna give away all of it back.. looking for a reversal now..
  • #6,125
  • Sep 21, 2009 2:00am Sep 21, 2009 2:00am
I am long on break of FCR 1.4667

Quoting fxachilies
ok this was a tricky one.. i entered on the first break of 4682.. then when i got faked I played #2 exited for -5.. the when price fail to go higher i reentered again at the same spot 4682..

I just exited that trade for 22pips.. I wasn't gonna give away all of it back.. looking for a reversal now..
Survive and Preserve
  • #6,126
  • Sep 21, 2009 2:01am Sep 21, 2009 2:01am
Forget this, I screwed up. Going to close it.
Break should on be 4675 for long right?
Quoting en0x
I am long on break of FCR 1.4667
Survive and Preserve
  • #6,127
  • Sep 21, 2009 2:03am Sep 21, 2009 2:03am
Quoting en0x
I am long on break of FCR 1.4667
no thats not a fcr.. your reall fcr is 4673..
dont be so anxious to get a trade in.. specially now on the edge of london open..
  • #6,128
  • Sep 21, 2009 2:10am Sep 21, 2009 2:10am
ok guys..
when you got a fcr so far away from LL.. then you should look for a double bottom.. 123.. in between.. that be a much more convinsing entery.. but not to take away anything from entering in the case of break of fcr.. you still test it there but know that its at higer RR (bcz price might test the LL and your sl should be beyond that point) and pullback will most likely happen and you have to live through that agonie..

I personally take my shot anyways..
  • #6,129
  • Sep 21, 2009 2:10am Sep 21, 2009 2:10am
Hey guys I have a question about trading the london opening. Today I get to work around 9am european time which is the london open. Price has already made several swings down.

If we get a breakout of the pullback of the downswing after the london open, do you take it? Price has already came down quite a bit so it's risky to take a pullback at this time. However the london open, is it like starting over?? My guess is that I should wait for a new entry in the opposite direction (long in this case).

I guess the same applies for the NY open as well.

Thanks.
  • #6,130
  • Sep 21, 2009 2:13am Sep 21, 2009 2:13am
Quoting fxachilies
no thats not a fcr.. your reall fcr is 4673..
dont be so anxious to get a trade in.. specially now on the edge of london open..
Good morning fx,

Would you not consider it .4667 an fcr if you did not have that resistance @ .4673 ?
Unus pro omnibus, omnes pro uno
  • #6,131
  • Sep 21, 2009 2:20am Sep 21, 2009 2:20am
Quoting moneda
Good morning fx,

Would you not consider it .4667 an fcr if you did not have that resistance @ .4673 ?
Hi mon,
in this case i take the first one which is 4667 bcz of the big rejection on the bottom and london session looks like will be bullish..
but under normall situations i would go off on the higher one since there so close and take 4673..
  • #6,132
  • Sep 21, 2009 2:20am Sep 21, 2009 2:20am
Quoting fxachilies
Quiz:
can somebody give me the correct last three fcr's?
Hi Fx

OK here are mine:

96,
82
74
and now
69
Survive and Preserve
  • #6,133
  • Sep 21, 2009 2:23am Sep 21, 2009 2:23am
Hi, fxahilies!

Here are my FCRs!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 1@.gif Size: 15 KB
  • #6,134
  • Sep 21, 2009 2:23am Sep 21, 2009 2:23am
Quoting fxachilies
your most flawless trades yet..
very nice Paul.
Hey FX

Thanks for your comments.

Now you are going to call me a greedy so and so, but when I llok at trade 2 I see 25 pips odd left on the table - to the downside.

That last candle is quite exhaustive, maybe I should simply have closed somewhere there instead of waiting for the classic reversal point ?

What do you think ?
Survive and Preserve
  • #6,135
  • Sep 21, 2009 2:24am Sep 21, 2009 2:24am
Quoting fxachilies
Hi mon,
in this case i take the first one which is 4667 bcz of the big rejection on the bottom and london session looks like will be bullish..
but under normall situations i would go off on the higher one since there so close and take 4673..
Fx,

Right on brother, I am also seeing a bracket formation atm..but we will let pa show us the way.

Thanks
Unus pro omnibus, omnes pro uno
  • #6,136
  • Sep 21, 2009 2:24am Sep 21, 2009 2:24am
Quoting PaulLangham
Hi Fx

OK here are mine:

96,
82
74
and now
69
excellent Paul..
  • #6,137
  • Sep 21, 2009 2:29am Sep 21, 2009 2:29am
Could not stay at home in the morning . Place a Sell Stop order in case price will break down the 1.4682 .
Set a 25 SL & TP .
Not very clever from my side as was not able to baby sitter it ...
Was lucky to found +25 pips
Any comments ?
David
Attached Image (click to enlarge)
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  • #6,138
  • Sep 21, 2009 2:30am Sep 21, 2009 2:30am
I think now we have new FCR at 1,4647.... Right?
  • #6,139
  • Sep 21, 2009 2:31am Sep 21, 2009 2:31am
chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 2@.gif Size: 15 KB
  • #6,140
  • Sep 21, 2009 2:34am Sep 21, 2009 2:34am
Quoting david4u
Could not stay at home in the morning . Place a Sell Stop order in case price will break down the 1.4682 .
Set a 25 SL & TP .
Not very clever from my side as was not able to baby sitter it ...
Was lucky to found +25 pips
Any comments ?
David
good job..
i babysit the fucker and made only 22.. lol
serious now.. the best part of that trade was that you put your sl away form the heat and you accepted the fact that might lose..
way to go..
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