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The System II (Yes with irony)

  • #6,741
  • Sep 23, 2009 7:36am Sep 23, 2009 7:36am
I've been stopped out @ - 15.5 pips....

but, I've reversed my position to take my chances on this FCR as far as SL is quite close....
I know it is still inside the range, but.... let's see how it unfolds...
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  • #6,742
  • Sep 23, 2009 7:43am Sep 23, 2009 7:43am
But i closed it at -2 , it acted very fast on that support level.Not for me thanks
Quoting jplo
I've been stopped out @ - 15.5 pips....

but, I've reversed my position to take my chances on this FCR as far as SL is quite close....
I know it is still inside the range, but.... let's see how it unfolds...
Survive and Preserve
  • #6,743
  • Sep 23, 2009 7:45am Sep 23, 2009 7:45am
Hello,

When the cat(fx) is away, the mice will play..
Unus pro omnibus, omnes pro uno
  • #6,744
  • Sep 23, 2009 7:47am Sep 23, 2009 7:47am
Tell me moneda, where is your long set at 4793 still valid or we move it up? or we looking at break of bracket at 4806?
Quoting moneda
Hello,

When the cat(fx) is away, the mice will play..
Survive and Preserve
  • #6,745
  • Sep 23, 2009 7:49am Sep 23, 2009 7:49am
Quoting en0x
But i closed it at -2 , it acted very fast on that support level.Not for me thanks
I'm gonna play a strong #2 here, again....
  • #6,746
  • Sep 23, 2009 7:50am Sep 23, 2009 7:50am
You knew that level was strong, why didnt you have your finger on the close button?
Quoting jplo
I'm gonna play a strong #2 here, again....
Survive and Preserve
  • #6,747
  • Sep 23, 2009 7:56am Sep 23, 2009 7:56am
Quoting en0x
You knew that level was strong, why didnt you have your finger on the close button?
I was gonna let it breath a little bit and if not, play #2 as I'm doing right now....
  • #6,748
  • Sep 23, 2009 7:56am Sep 23, 2009 7:56am
Quoting en0x
Tell me moneda, where is your long set at 4793 still valid or we move it up? or we looking at break of bracket at 4806?
en0x,

Mine is @ 96 .....I am not in the business of giving signals... u guys need to think this one out... best way to learn

Unus pro omnibus, omnes pro uno
  • #6,749
  • Sep 23, 2009 7:59am Sep 23, 2009 7:59am
Quoting jplo
I was gonna let it breath a little bit and if not, play #2 as I'm doing right now....
good to see you have your IF & THEN jplo. you are right it could just be a pullback in your downswing, however i am not brave enough to take a position until we escape this bracket

cheers
  • #6,750
  • Sep 23, 2009 8:00am Sep 23, 2009 8:00am
I think the main thing I was asking is did you move your entry above the new peak, FX often says dont move your entry but its been quite awhile since its been there, I am inclined to move it up. That is my personal preference.
Quoting moneda
en0x,

Mine is @ 96 .....I am not in the business of giving signals... u guys need to think this one out... best way to learn

Survive and Preserve
  • #6,751
  • Sep 23, 2009 8:04am Sep 23, 2009 8:04am
just came back to check the chart.. what a ugly site.. yakkkkkkk..
I hope the yankees session to come through..
ok I check back again..
you guys are doing good..
  • #6,752
  • Sep 23, 2009 8:09am Sep 23, 2009 8:09am
Out @ BE.....

I'm happy about have gotten play #2.....

I'm gonna wait now for a bracket breakout....

anyway, in 20 min. it is gonna be a Speach.......
  • #6,753
  • Sep 23, 2009 8:11am Sep 23, 2009 8:11am
Oh right

Quoting jplo
I was gonna let it breath a little bit and if not, play #2 as I'm doing right now....
Survive and Preserve
  • #6,754
  • Sep 23, 2009 8:12am Sep 23, 2009 8:12am
ok you dont use tsops. but how much pips are you looking for when you get in the trade? and where do you place the stoploss
  • #6,755
  • Sep 23, 2009 8:13am Sep 23, 2009 8:13am
Quoting jplo
Out @ BE.....

I'm happy about have gotten play #2.....

I'm gonna wait now for a bracket breakout....

anyway, in 20 min. it is gonna be a Speach.......
jplo,

What speech r u talking about...if it is the Feds(US) that is not until 2:15pm est (Statement and Fund Rate)
Unus pro omnibus, omnes pro uno
  • #6,756
  • Sep 23, 2009 8:14am Sep 23, 2009 8:14am
Guys, give me ur opinion please,
I've been 2 days did my trade using martingale,
I doubling my trade size when I lost,
using this number
1,2,4,8,16,32,64 fold
I trade using a small size
Until now, i never use the 64 fold number,
max 32 fold and I always can bailed my lost 15 pips and let my 1 fold to run
If I should use 64 fold and lost,
I will stop and start from 1 fold again

I enter trade every 123 fcr brake and cut my lost fast 5-14 pips.
Can this be a part of this system, cause as I remember,
feb told about spread ur load wisely ?
  • #6,757
  • Sep 23, 2009 8:15am Sep 23, 2009 8:15am
Have you read this thread?

Quoting feline207
ok you dont use tsops. but how much pips are you looking for when you get in the trade? and where do you place the stoploss
Survive and Preserve
  • #6,758
  • Sep 23, 2009 8:17am Sep 23, 2009 8:17am
Quoting en0x
Have you read this thread?
i read half of it. it took me some time. i know the basic principles but the using of trailing stops have been mentioned several times so far. i am also curious especially about your own trading style and how do you determine tp and sl and what is the ratio between them.
  • #6,759
  • Sep 23, 2009 8:19am Sep 23, 2009 8:19am
Page 427 post 6398
REad all those links in that post (and the links that the links are pointing to)

Quoting feline207
i read half of it. it took me some time. i know the basic principles but the using of trailing stops have been mentioned several times so far. i am also curious especially about your own trading style and how do you determine tp and sl and what is the ratio between them.
Survive and Preserve
  • #6,760
  • Sep 23, 2009 8:20am Sep 23, 2009 8:20am
Quoting feline207
ok you dont use tsops. but how much pips are you looking for when you get in the trade? and where do you place the stoploss
Feline,

Welcome to this thread...now do some work and read the whole thread...ok, too much for now, how about pg 316 post# 4734
Unus pro omnibus, omnes pro uno
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