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The System II (Yes with irony)

  • #6,481
  • Sep 22, 2009 9:55am Sep 22, 2009 9:55am
Quoting guess121
I closed out there FX and now I am long and up 7 pips.
i dont believe we have an opportunity to go long until the fcr at 14796, please clarify your entry

cheers
  • #6,482
  • Sep 22, 2009 9:55am Sep 22, 2009 9:55am
Quoting guess121
I closed out there FX and now I am long and up 7 pips.
This is a post that makes no sense to me. From my perspective the next long entry has not developed. I could be missing something so am interested in what I have missed.
I make money anywhere in the world by taking orders
  • #6,483
  • Sep 22, 2009 9:59am Sep 22, 2009 9:59am
Quoting guess121
Guys be careful here.... volume is building up here and it's going break downwards I think... closed 10 pips or so... but get ready for a move, don't know which way, but I am not trading until I see clear direction.
Guess,

You may have the best of intentions...but as I said before...

WE DO NOT PREDICT IN THIS THREAD

Please stop sharing your crystal ball

Thank You
Unus pro omnibus, omnes pro uno
  • #6,484
  • Sep 22, 2009 10:00am Sep 22, 2009 10:00am
Sorry guys... I didn't play to the rules here... I will only comment on trades in the style of this method.

I am looking at volume as well.

Quoting benkm108
i dont believe we have an opportunity to go long until the fcr at 14796, please clarify your entry

cheers
  • #6,485
  • Sep 22, 2009 10:02am Sep 22, 2009 10:02am
Sorry... I am just looking at something else... and why the market has not moved with news and US open... wow... something is happening for sure!

Anyways... I will still to the rules of this system.



Quoting moneda
Guess,

You may have the best of intentions...but as I said before...

WE DO NOT PREDICT IN THIS THREAD

Please stop sharing your crystal ball

Thank You
  • #6,486
  • Sep 22, 2009 10:03am Sep 22, 2009 10:03am
Quoting guess121
Guys be careful here.... volume is building up here and it's going break downwards I think... closed 10 pips or so... but get ready for a move, don't know which way, but I am not trading until I see clear direction.
Guess - congratulations on your long trade, I stayed short but am close to getting stopped out at the FCR.

In this thread we all the trade same method, on the Euro 5min chart. No indicators and we don't predict anything (like a big move coming up). I have the impression you're already successful with a different technique. You will have to decide if The System II is a good match for you. It will be hard to trade System II while continuing to trade another system. I tried that at first and ended up stopping so that I can focus on System II.

In any case if you want to participate you'll need to read most of the thread so that you're on the same page as everyone else. And you'll want to restrict your posts to discussing System II trades so that you don't confuse everyone.

I hope you understand. After you read the old posts you'll get an idea of how the thread goes and you'll be able to participate with us. Since you're already having some success I'd love to see you trade System II with us. It's a challenge to get through the reading and studying the posted charts but it's worth it. Good luck, see you in a few..
  • #6,487
  • Sep 22, 2009 10:04am Sep 22, 2009 10:04am
Quoting jplo
Hi Fx, could you explain me how did you play #2 here?

I meant, the very first candle after your entry was a nasty green candle, so I think you were gonna play #2, then, the next two ones hitted the low, and again two retrace candles...

What did it make you to hold the position and not get out @ BE?

Thanks in advance, buddy
just watching my fcr's.. RR is in my favor, so more tolarance..
I am still in the trade and most likly will lose 12 pips here.. unless it turns around and if it does i will play the #1 alot more aggresively.. it must break the LL strongly or i bail for some profit..

http://cdn.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 133.gif Size: 21 KB
  • #6,488
  • Sep 22, 2009 10:05am Sep 22, 2009 10:05am
Quoting guess121
Sorry... I am just looking at something else... and why the market has not moved with news and US open... wow... something is happening for sure!

Anyways... I will still to the rules of this system.

Have you got some work (seeming as tho' your there), you can get on with,and stop disrupting this thread
  • #6,489
  • Sep 22, 2009 10:07am Sep 22, 2009 10:07am
Quoting fxachilies
just watching my fcr's.. RR is in my favor, so more tolarance..
I am still in the trade and most likly will lose 12 pips here.. unless it turns around and if it does i will play the #1 alot more aggresively.. it must break the LL strongly or i bail for some profit..

http://cdn.forexfactory.com/images/attach/gif.gif
Understood...!

Thank you very much, Fx...
  • #6,490
  • Sep 22, 2009 10:09am Sep 22, 2009 10:09am


Cool... lets wait for the next break.

Quoting cunparis
Guess - congratulations on your long trade, I stayed short but am close to getting stopped out at the FCR.

In this thread we all the trade same method, on the Euro 5min chart....
  • #6,491
  • Sep 22, 2009 10:17am Sep 22, 2009 10:17am
By the way... I am shorting.... lol...

I'm joking by the way... come you market... lets move!

Quoting guess121


Cool... lets wait for the next break.
  • #6,492
  • Sep 22, 2009 10:18am Sep 22, 2009 10:18am
guess121,
i just had my 12 pips sl hit..
why don't you and me get together and cry... buah buah buah

just kidding with you..
  • #6,493
  • Sep 22, 2009 10:20am Sep 22, 2009 10:20am
It's amazing how a 'mistake' could lead to such caustic remarks.
That guy has already apologised.

As far as I can remember, I have not seen any of such animosity from Feb even when some had introduced foreign concepts in his thread.
Mind you, some of those who came in with ideas to modify Feb's system were senior members in FF, and all Feb did was basically, 'thanks but I would prefer....'

This is not to take away the appreciation most feel for the regular members of this thread.
I allude only to this most recent incident.
  • #6,494
  • Sep 22, 2009 10:20am Sep 22, 2009 10:20am
are we now in a large bracket from 14772 to 14816?

i have taken the fcr at 14796, but there may be some possible trouble at the upper bound
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5min.jpg Size: 110 KB
  • #6,495
  • Sep 22, 2009 10:30am Sep 22, 2009 10:30am
Quoting fxachilies
just watching my fcr's.. RR is in my favor, so more tolarance..
I am still in the trade and most likly will lose 12 pips here.. unless it turns around and if it does i will play the #1 alot more aggresively.. it must break the LL strongly or i bail for some profit..

http://cdn.forexfactory.com/images/attach/gif.gif
Hello,

Do you plot the lines red and grey by hand ? Or do you have an indicator for that ?

I'm sorry for my ask, i searched in the 32 pages of attachments but didn't find nothing

Thanks !
  • #6,496
  • Sep 22, 2009 10:36am Sep 22, 2009 10:36am
Quoting crashout
Hello,

Do you plot the lines red and grey by hand ? Or do you have an indicator for that ?

I'm sorry for my ask, i searched in the 32 pages of attachments but didn't find nothing

Thanks !
Hi crashout,

No indicators here....
  • #6,497
  • Sep 22, 2009 10:38am Sep 22, 2009 10:38am
Quoting jplo
Hi crashout,

No indicators here....
He He, only skills, i see, i see ...

Thanks !
  • #6,498
  • Sep 22, 2009 10:53am Sep 22, 2009 10:53am
Quoting the novice
It's amazing how a 'mistake' could lead to such caustic remarks.
That guy has already apologised.

As far as I can remember, I have not seen any of such animosity from Feb even when some had introduced foreign concepts in his thread.
Mind you, some of those who came in with ideas to modify Feb's system were senior members in FF, and all Feb did was basically, 'thanks but I would prefer....'

This is not to take away the appreciation most feel for the regular members of this thread.
I allude only to this most recent incident.
Novice,

Relax.... we don't bite here...besides several people could be responding to a post at the same time so it gives the appearance that we are bunching up on a person... you must understand that for the sake of those who are just starting,we need to be on our toes and nip anything that does not correspond to what we do here. What I think is beneficial is that when you are new to the thread take a little time and become familiar with the spirit of the thread before posting what is on your mind. That would help keep things clear and simple and not waste time correcting those who impulsively post.
Unus pro omnibus, omnes pro uno
  • #6,499
  • Sep 22, 2009 11:04am Sep 22, 2009 11:04am
Novice... thanks very much for your support - but they are right, I do not want to take away what they have started... this happens too many times... and we do not want this thread to die out like others!

Quoting moneda
Novice,

Relax.... we don't bite here...besides several people could be responding to a post at the same time so it gives the appearance that we are bunching up on a person... you must understand that for the sake of those who are just starting,we need to be on our toes and nip anything that does not correspond to what we do here. What I think is beneficial is that when you are new to the thread take a little time and become familiar with the spirit of the thread before posting what is on your mind. That would help keep things clear and simple and...
  • #6,500
  • Sep 22, 2009 11:26am Sep 22, 2009 11:26am
So ashamed was I of my crappy execution of this simple method in my first week with it I went underground with the whole thread printed out and read it again, and studied the charts - phew.

Started again. Back in the action tomorrow. No prediction, no hallucinating FCR's that aren't there, no news trading - just cool, calm, patient hunting....then...££££$$$$

Sorry for my blethering last week.

Thanks for all your tolerant help too.
$urvive, Pre$erve & RESPECT THE TEACHER
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