The System II (Yes with irony) | Page 429 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

The System (Irony included) 1,175 replies

Attachments: The System II (Yes with irony)
Exit Attachments

The System II (Yes with irony)

  • #8,561
  • Oct 6, 2009 11:19am Oct 6, 2009 11:19am
Hi Everyone,

Here are my trades.

Trade 1: Short after FCR, closed playing #2. +0.2

Trade 2: Long after bracket breakout, closed after failed to go higher. +8.6

Trade 3: Short after FCR, closed after double bottom. I shouldn't have closed this trade, so no need to open trade 4 with the same SL price. I know it makes no sense what I did, but I did it. I lost the pips between the close of this trade and the open of trade 4. +6.4

Trade 4: Short stopped by the spike. -8.1

Trade 5: Long after 123 setup, moved SL several times according to FCR, and closed because I had no more time to trade. +17.8

Any comment is welcome.


Regards.

Attached Image (click to enlarge)
Click to Enlarge Name: 20091006 Chart.gif Size: 24 KB
  • #8,562
  • Oct 6, 2009 12:49pm Oct 6, 2009 12:49pm
Quoting fxachilies
oh you can be sure that i am not worried..

you want the injection? you don't know what it is.. I have already given it out!!! .. okkkkkk here it is.. only bcz you were the quiz champion today..
(post 8081.. read the quiet time part)
Achilies, I saw ur post 8081 and saw u having some sort of indicator which draws vertical lines at tokyo open, london open and so on...can u please tell me the name of the indicator/direct me to the post having it/post it here? I have been looking for one such thing for long. I am in early pages of the thread and will take time to reach upto following u guys live.this indi might jst help me a lil.

Thnks
  • #8,563
  • Oct 6, 2009 1:03pm Oct 6, 2009 1:03pm
Quoting ag_fx
Achilies, I saw ur post 8081 and saw u having some sort of indicator which draws vertical lines at tokyo open, london open and so on...can u please tell me the name of the indicator/direct me to the post having it/post it here? I have been looking for one such thing for long. I am in early pages of the thread and will take time to reach upto following u guys live.this indi might jst help me a lil.

Thnks
hi, welcome to the thread..
please also refer to post 4734 and follow there instructures..


http://cdn.forexfactory.com/images/attach/mq4.gif
Attached File(s)
File Type: mq4 Market_Open_Lines.mq4   3 KB | 415 downloads
  • #8,564
  • Oct 6, 2009 1:08pm Oct 6, 2009 1:08pm
Quoting fxachilies
hi, welcome to the thread..
please also refer to post 4734 and follow there instructures..


http://cdn.forexfactory.com/images/attach/mq4.gif
Thanks

Yea I already checked that out from one of ur posts today...but i havent yet gone through the first 50 pages of the thread yet...So once I am done doing that, i would follow up..

Btw..just wanted to mention here that i used to use a similar method to trade index futures in my country here(India) and thus can relate to this method better. hope to learn from the thread. Meanwhile, would be following the live posts from the sidelines just to keep myself updated.

Best Regards
  • #8,565
  • Oct 6, 2009 1:16pm Oct 6, 2009 1:16pm
I hope you guys are taking advantage of this nice lil runner south..

just closed it for +25..
reason..
I am tired.. and liguidity might dry down from here on.. I also wanted to bank something that is worth while for the past two days.. so i bit of confidence buster for me at this point..

don't forget your quiet time.. its like a pill take it everynight..
I am done for the day..
cya all tomorrow..
  • #8,566
  • Oct 6, 2009 1:40pm Oct 6, 2009 1:40pm
Quoting fxachilies
okkkkk....
this is not much fun guyz, right?
range of 50pips or half ass swings with plenty of fakeouts.. not so much of suitable 1-2-3 or fcr's enteries.. constant battle of #2.. lucky if you get couple of #1 situation.. and yes the whole enchilada..
couple of shitty days in a row now.. it may even continue for another day who knows maybe a whole week !!!

so it gottcha worried and thinking.. time to make a change, you ask yourself..

time to change approach?
time to change mentality?
time to over analyse?
time...
Great post Fx, this bit especially

"thats why is so important to take full advantage of long runs in good days.. survive and preserve.. "

I think we have said this before but even the casinos in Vegas have loosing days (not many mind)and they have a 5.8% edge.
Survive and Preserve
  • #8,567
  • Oct 6, 2009 2:02pm Oct 6, 2009 2:02pm

My trades.


I set out to protect and defend after entries today but trade 5 was madness - really far too late in the swing to go long but I convinced myself that the break of the HHmade it worthwhile. I also didn't take the opportunity to play #2 and get out - 8 or so which I could have done later - I get stuck in hope - real weakness that. But I stuck to the game and got the later short which I left to run. Tempted to leave it going, but I decided to bank +30.


I missed the spike because I had other stuff to do - so I'm thankful for that. +13 but which without that idiotic long could have been a +40. Any observations or advice most welcome....


Attached Image (click to enlarge)
Click to Enlarge Name: Chart 1 6 Oct.gif Size: 47 KB

$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,568
  • Oct 6, 2009 2:04pm Oct 6, 2009 2:04pm
Hi All,

Here are my trades from earlier today.

Trade 1 - played aggressive #2 as this one came back down as fast as it went up.

Trade 2 - Bought at the top - late entry in fact - there was a very small FCR right at the bottom which would have given me a nice trade

Trade 3 - Aggressively exited after price ran up 15 pips or so and came ight back down.

Next two trades - don`t shoot the piano player please :


I sat looking at PA for a long time and when that news/dollar rumour came in - I was too late for the upside spike - and we had some volatility I played two trades:


Trade 4 short 1.4736 +20

Trade 5 Long 1.4710 +33
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2009100601.jpg Size: 158 KB
Click to Enlarge Name: 2009100602.jpg Size: 131 KB
Survive and Preserve
  • #8,569
  • Oct 6, 2009 2:08pm Oct 6, 2009 2:08pm
Quoting mac1956

My trades.



[left][color=black][font=Calibri][font=Arial][size=2]I set out to protect and defend after entries today but trade 5 was madness - really far too late in the swing to go long but I convinced myself that the break of the HHmade it worthwhile. I also didn't take the opportunity to play #2 and get out - 8 or so which I could have done later - I get stuck in hope - real weakness that. But I stuck to the game and got the later short which I left to...
Hi MAc, I think you did a good job, I would not beat yourself up over trade five. WHat I am finding more and more is that more aggressive I am on FCR`s following spike or "tower" moves call them waht you will, the better positioned I am. The RR is very good. All you have to do then is just hold the trade - stand back from the heat and come out on a normal play 1# or on an aggressive final push /exhaustive move as judged by the individual trader.

If you look at trade 4 and 5 of mine today you will see what I mean. You will alos see that I did not play that way earlier in the day. Wasn`t ready for blood at that stage I suppose.


I hope this helps.
Survive and Preserve
  • #8,570
  • Oct 6, 2009 2:10pm Oct 6, 2009 2:10pm
Quoting PaulLangham
Hi All,

played two trades:


Trade 4 short 1.4736 +20

Trade 5 Long 1.4710 +33

Hi Paul,

Great result from a difficult day. I can't see what you used as your entry cue for your trade 5. No fcr's in sight - the bear run stopped and bounced back almost vertically. I wanted in but waited for a pullback which didn't come until much later at 14736. Any hints and tips welcome my friend.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,571
  • Oct 6, 2009 2:14pm Oct 6, 2009 2:14pm
Quoting PaulLangham
Hi All,




Trade 4 short 1.4736 +20

Trade 5 Long 1.4710 +33

Your exits from 4 and 5 were quite superbly judged!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,572
  • Oct 6, 2009 3:01pm Oct 6, 2009 3:01pm
Quoting mac1956
Hi Paul,

Great result from a difficult day. I can't see what you used as your entry cue for your trade 5. No fcr's in sight - the bear run stopped and bounced back almost vertically. I wanted in but waited for a pullback which didn't come until much later at 14736. Any hints and tips welcome my friend.

This is it. There is nothing formed a such - hence my don`t shoot the piano player - in these cases because of the aggressive nature of the moves and the rebound the fcr is almost implicit.

Exits are straightforward play #1`s its the entry which will be contentious.

Hope this helps.
Survive and Preserve
  • #8,573
  • Oct 6, 2009 3:55pm Oct 6, 2009 3:55pm
Quoting PaulLangham
Next two trades - don`t shoot the piano player please :


I sat looking at PA for a long time and when that news/dollar rumour came in - I was too late for the upside spike - and we had some volatility I played two trades:


Trade 4 short 1.4736 +20

Trade 5 Long 1.4710 +33
Hi Paul,

I would like to be brave enough to take those trades like you did.

Congratulations!
  • #8,574
  • Oct 6, 2009 3:56pm Oct 6, 2009 3:56pm
Good Morning, welcome to Asia trading session. Lets see what today brings us (if anything)
Survive and Preserve
  • #8,575
  • Oct 6, 2009 4:17pm Oct 6, 2009 4:17pm
hey en0x. what time do you start trading the asian session? i know theres a dead patch in between new york close and tokyo open but wondering if i can sneak a late night trade in from here in london...

cheers.
  • #8,576
  • Oct 6, 2009 4:20pm Oct 6, 2009 4:20pm
Normally around TKY open which is two hours from now (10:30am Sydney)

Quoting benkm108
hey en0x. what time do you start trading the asian session? i know theres a dead patch in between new york close and tokyo open but wondering if i can sneak a late night trade in from here in london...

cheers.
Survive and Preserve
  • #8,577
  • Oct 6, 2009 5:08pm Oct 6, 2009 5:08pm
Quoting en0x
Good Morning, welcome to Asia trading session. Lets see what today brings us (if anything)

Sorry to miss you as we all go to bed here in the UK. Great trading on your part last night!

May your pips grow into money trees! Oh yes, leave us some nice set ups for the morning!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,578
  • Edited 5:43pm Oct 6, 2009 5:28pm | Edited 5:43pm
Another day, another 20 pip bracket to open with.

After posting this, noticed price had moved up to within 2 pips of bracket top, and was reversing. So am short, see whether market wants to stay within bracket and play ping pong.
testing the market
  • #8,579
  • Oct 6, 2009 6:19pm Oct 6, 2009 6:19pm
In long from 1.4729

blue triangle is my entry point. Lets see what she does now.(pokes his toe in the water)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 210 KB
Survive and Preserve
  • #8,580
  • Oct 6, 2009 6:21pm Oct 6, 2009 6:21pm
I would never ping pong around TKY open. But good luck, might be good, might not, time will tell
Quoting John888
Another day, another 20 pip bracket to open with.

After posting this, noticed price had moved up to within 2 pips of bracket top, and was reversing. So am short, see whether market wants to stay within bracket and play ping pong.
Survive and Preserve
29 traders viewing now