The System II (Yes with irony) | Page 348 | 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)

  • #6,941
  • Sep 24, 2009 7:35am Sep 24, 2009 7:35am
Quoting Ogna
Long at .4791
it's the news candle baby
it's a huge gap tony, a huge gap.
  • #6,942
  • Sep 24, 2009 7:36am Sep 24, 2009 7:36am
Funny mentals

I might not trade at all tonight, we waiting for dust to settle before trading but, we have news in an 90 mins, so may as well just get some sleep tonight.
Tomorrow is another day , ya ya its Friday

Didnt do great today, made about +15 pips overall.


Quoting mac1956
The dollar gets better than expected unemployment figures and loses value - can't figuret hat one...
Survive and Preserve
  • #6,943
  • Sep 24, 2009 7:44am Sep 24, 2009 7:44am
Quoting elizo
TRADE RATIONALLY, NOT AUTOMATED. TRADE SMART, NOT LIKE A ROBOT. ..
Totally agree......

This is more a methodology and a philosophy, that helps you to succeed if work hard and you stick at it and at its rationality....
  • #6,944
  • Sep 24, 2009 7:44am Sep 24, 2009 7:44am
Quoting elizo
I would say, if it was necessary to name it, it's more a methodology, even a philosophy.

I agree that, for teaching and learning purposes, we agree to focus in EURUSD 5 min. But guys, remember, FEB, FX, Moneda and many more are showing us the most important thing: TRADE RATIONALLY, NOT AUTOMATED. TRADE SMART, NOT LIKE A ROBOT. They are showing some tools, like a screwdriver, but it's you using them. Tools are there to make your life easier. But you have to use them accordingly.Once you master this pair and timeframe, do your work, study...
i second that..
nice post.. thats the way to look at it..
  • #6,945
  • Sep 24, 2009 7:46am Sep 24, 2009 7:46am
you are right, when i said system, I didnt really mean it like that, well explained

System 2(with Irony )

Quoting fxachilies
i second that..
nice post.. thats the way to look at it..
Survive and Preserve
  • #6,946
  • Sep 24, 2009 7:51am Sep 24, 2009 7:51am
Quoting Ogna
Long at .4791

Alos from 90 - playing #2 as it is not pushing higher very convincingly at the moment, will be out at BE if it pulls back
Survive and Preserve
  • #6,947
  • Sep 24, 2009 7:55am Sep 24, 2009 7:55am
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..
I'm trading futures right now, 6E. It's a bit big for me and I'm thinking of opening a micro fx account per the recommendations in this thread. I saw Oanda mentioned earlier, is that a good one for micro fx? I'm worried about big spreads. I'm used to 1 pip spreads with futures.
  • #6,948
  • Sep 24, 2009 7:56am Sep 24, 2009 7:56am
0.9 in Euro during most times, its variable so widens to about 10 during major news,.

Quoting cunparis
I'm trading futures right now, 6E. It's a bit big for me and I'm thinking of opening a micro fx account per the recommendations in this thread. I saw Oanda mentioned earlier, is that a good one for micro fx? I'm worried about big spreads. I'm used to 1 pip spreads with futures.
Survive and Preserve
  • #6,949
  • Sep 24, 2009 8:04am Sep 24, 2009 8:04am
Quoting mac1956
The dollar gets better than expected unemployment figures and loses value - can't figuret hat one...
Mac,

Price IS the news here....Price tells you the value of a currency...there is no $@#ing way we are in a position to know what a news release will do to a currency pair. We are eating the scraps that fall from the table where the puppeteers sit and gorge themselves.

Your post made turn you into the sacrificial lamb so that others take notice....

Thanks
Unus pro omnibus, omnes pro uno
  • #6,950
  • Sep 24, 2009 8:09am Sep 24, 2009 8:09am
Quoting moneda
Mac,

Price IS the news here....Price tells you the value of a currency...there is no $@#ing way we are in a position to know what a news release will do to a currency pair. We are eating the scraps that fall from the table where the puppeteers sit and gorge themselves.

Your post made turn you into the sacrificial lamb so that others take notice....

Thanks
Yep best not try to analyse all that, it doesn't work, simply trade the price.
Survive and Preserve
  • #6,951
  • Sep 24, 2009 8:10am Sep 24, 2009 8:10am
Quoting cunparis
I'm trading futures right now, 6E. It's a bit big for me and I'm thinking of opening a micro fx account per the recommendations in this thread. I saw Oanda mentioned earlier, is that a good one for micro fx? I'm worried about big spreads. I'm used to 1 pip spreads with futures.
Don't they also have mini FX contracts now on CME as well ? i saw something about that.
Survive and Preserve
  • #6,952
  • Sep 24, 2009 8:11am Sep 24, 2009 8:11am
I'm gonna test this mini- FCR to the short side...

Let's see......
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  • #6,953
  • Sep 24, 2009 8:12am Sep 24, 2009 8:12am
Quoting cunparis
I'm trading futures right now, 6E. It's a bit big for me and I'm thinking of opening a micro fx account per the recommendations in this thread. I saw Oanda mentioned earlier, is that a good one for micro fx? I'm worried about big spreads. I'm used to 1 pip spreads with futures.
I don't know anything about Oanda..ask Moneda..
but I think you can open on with Union.. spread is 2pips..
  • #6,954
  • Sep 24, 2009 8:14am Sep 24, 2009 8:14am
Oanda is fine, spread is really cheap 0.9 pips.

Quoting moneda
Mac,

Price IS the news here....Price tells you the value of a currency...there is no $@#ing way we are in a position to know what a news release will do to a currency pair. We are eating the scraps that fall from the table where the puppeteers sit and gorge themselves.

Your post made turn you into the sacrificial lamb so that others take notice....

Thanks
Survive and Preserve
  • #6,955
  • Sep 24, 2009 8:23am Sep 24, 2009 8:23am
Quoting jplo
I'm gonna test this mini- FCR to the short side...

Let's see......
me too.. now we just need the NY boys to push this south..
  • #6,956
  • Sep 24, 2009 8:31am Sep 24, 2009 8:31am
Quoting fxachilies
me too.. now we just need the NY boys to push this south..
It seems like we are facing a #1....

Let's see the behavior on the last FCR @ 4760..... if it reachs of course
  • #6,957
  • Sep 24, 2009 8:47am Sep 24, 2009 8:47am
First #1 played already, and SL to BE above the recent FCR formed....

  • #6,958
  • Sep 24, 2009 8:54am Sep 24, 2009 8:54am
guys for the past half an hour i am having problem with this site.. not refreshing a page under 10 min.. or when it does it half page and stuff.. i don't know whats the problem..
sorry if i cant get back to you guys on time..
  • #6,959
  • Sep 24, 2009 8:56am Sep 24, 2009 8:56am
Cuparis,

Oanda allows you to trade micro units and for the pair that we trade the spread is usually .9 during active trading. None of the brokers are perfect but for your purpose I can not think a better choice. I would recommend that you use their platform and adapt to its limitations. It is good enough for our naked trading.
Unus pro omnibus, omnes pro uno
  • #6,960
  • Sep 24, 2009 8:57am Sep 24, 2009 8:57am
shorting this one from 83.8

We've got it by the balls... now let's manage it...
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