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The System II (Yes with irony)

  • #6,561
  • Sep 23, 2009 1:35am Sep 23, 2009 1:35am
Quoting fxachilies
guys this is your bracket (inside gray box)..
as you notice i have my red line drawn to recognize swing end.. and my gray line on the bottom to recognize the end of retrace or fcr at the time..

price just broke though my short.. lets see if it will bring it home..

http://cdn.forexfactory.com/images/attach/gif.gif
Hi Fx
it is interesting how the lower border of your bracket is drawn.
Shouldn't it pass through the lowest points of the last few congested bars? Yours seem to cut through the tails, if you know what I mean.

I ask this because this has bearing on the entry price.

Thanks!
  • #6,562
  • Sep 23, 2009 1:36am Sep 23, 2009 1:36am
I personally won't care whole lot about all these euro news.. unless price really reacts big to any of them.. but until it don't show any signs fuck'em... remember we sit out or watchout for major.. like later on today fomc and the clown in the suit..
  • #6,563
  • Sep 23, 2009 1:40am Sep 23, 2009 1:40am
Quoting the novice
Hi Fx
it is interesting how the lower border of your bracket is drawn.
Shouldn't it pass through the lowest points of the last few congested bars? Yours seem to cut through the tails, if you know what I mean.

I ask this because this has bearing on the entry price.

Thanks!
my lines are right on the money... those tails are a signs of breakouts to be soom.. so i won't cheat myself out of pips and won't lower y lines..

BOOMMMMMMM price just broke lower..
  • #6,564
  • Sep 23, 2009 1:41am Sep 23, 2009 1:41am
Quoting fxachilies
I personally won't care whole lot about all these euro news.. unless price really reacts big to any of them.. but until it don't show any signs fuck'em... remember we sit out or watchout for major.. like later on today fomc and the clown in the suit..
Nice point there, buddy....
Let's price show us if news are important or not....
  • #6,565
  • Sep 23, 2009 1:41am Sep 23, 2009 1:41am
Sl now at 14814.

Morning boss - nice start.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,566
  • Sep 23, 2009 1:43am Sep 23, 2009 1:43am
who can tell me where is the last fcr?
  • #6,567
  • Sep 23, 2009 1:44am Sep 23, 2009 1:44am
Quoting fxachilies
who can tell me where is the last fcr?
14816 - Sl moved accordingly - whoops
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,568
  • Sep 23, 2009 1:45am Sep 23, 2009 1:45am
Very minor FCR 4805.

Quoting fxachilies
who can tell me where is the last fcr?
Survive and Preserve
  • #6,569
  • Sep 23, 2009 1:45am Sep 23, 2009 1:45am
Quoting mac1956
Sl now at 14814.

Morning boss - nice start.
Good Morning to you aswell..
and already answere my question.. 81 should be your sl and its the last fcr..
  • #6,570
  • Sep 23, 2009 1:46am Sep 23, 2009 1:46am
Quoting en0x
Very minor FCR 4805.
no not yet enox... that is a mini minor fcr.. lol
  • #6,571
  • Sep 23, 2009 1:50am Sep 23, 2009 1:50am
In my defense, I did say VERY minor

anyways, I am not going to post until I get home, flat out working here and cant concentrate on trading. Short is still going though
Quoting fxachilies
no not yet enox... that is a mini minor fcr.. lol
Survive and Preserve
  • #6,572
  • Sep 23, 2009 1:54am Sep 23, 2009 1:54am
Quoting en0x
In my defense, I did say VERY minor

anyways, I am not going to post until I get home, flat out working here and cant concentrate on trading. Short is still going though

ok.. your such a woking man..lol.. don't work too hard my friend..

but if your on this short set your sl at BE and let this baby ride.. you will thank me when you come back to screen again.. lol..
  • #6,573
  • Sep 23, 2009 1:55am Sep 23, 2009 1:55am
now enox's mini minor fcr is a reall fcr.. sl should be above it..
  • #6,574
  • Sep 23, 2009 1:57am Sep 23, 2009 1:57am
we have a BOOM and a TOUCHDOWN moment

:bad news all day for euro would be fantastic!
  • #6,575
  • Sep 23, 2009 1:57am Sep 23, 2009 1:57am
SL to 14806
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,576
  • Sep 23, 2009 1:59am Sep 23, 2009 1:59am
Quoting mac1956
SL to 14806

atta way... big macdaddy is in da house..
  • #6,577
  • Sep 23, 2009 2:02am Sep 23, 2009 2:02am
Good morning,

Regarding where to place your SL based on FCR, I normally put my SL a few pips above/below the FCR. It has been my experience that pa sometimes goes past the FCR a few pips and springs back. It like giving your trade an extra inhale.
Unus pro omnibus, omnes pro uno
  • #6,578
  • Sep 23, 2009 2:02am Sep 23, 2009 2:02am
hold your ground.. let this retrace to develop.. relax.. it a reaction to londi open.. let it show his true color..
you got nothing to lose.. just leaving money on the table..
  • #6,579
  • Sep 23, 2009 2:03am Sep 23, 2009 2:03am
Friends!!!!!

Answer me please my question...


If I am still in trade, my SL is now at BE, and I let it run - DID I APPLY RUNNER MENTALITY NOW??????
  • #6,580
  • Sep 23, 2009 2:05am Sep 23, 2009 2:05am
Quoting moneda
Good morning,

Regarding where to place your SL based on FCR, I normally put my SL a few pips above/below the FCR. It has been my experience that pa sometimes goes past the FCR a few pips and springs back. It like giving your trade an extra inhale.
Good Mornign Moneda,
great point mon.. I asumed that you guys do that alread... every line.. sl..fcr..123.. bracket.. etc.. 3pips + spread..

Thanks again..
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