The System II (Yes with irony)

Price shot up to a quick +6 pips, not a lot but its what I expect from a bracket breakout in TKY open, shows we have some sort of intention in the market to move. lets see what she does from here.We got to form a pullback any time now, fully expect it to happen. At least we get to lower risk then

Nup, I reversed to long position above bracket, market got some energy that pushed it straight up.

They are playing Grinners (grinspoon) on the radio, awesome to trade to

Right we have aussie home loans in an hour, red flagged news, Lets try get into a position of safety before the news kicks in and see what the news does to AUD.

I just got back to desk and noticed it has gone down pretty fast, closed out at -15.

Now what does the bugger want to do?

I got out with -10. Now I'm on the short slide.

I'm sitting with a coffee, and just going to watch it for a while.

Hi,

Short about 4711?

cheers

Nice, I have a short order in at arond 4700

What a crappy day.

I think this market is playing with our emotions and laughing t us.

My trading's been bad, jumping at shadows and making mistakes. I think I'm too eager for something to happen.

I've drawn a bracket from 4709 to 4686, now waiting to see if it goes either way.

Anyone else looking for a short at 4699?

HR

yessir. in it.

good stuff benk, lets see what happens eh!

HR

stop now at 14706

edit: closed, it couldnt push below low.

good call, just adjusted mine too!

Morning,
nice with asian session..
I am looking to go long on 01 fcr...

good luck to all..

Hi!

I want to share with you my earlier trading day on the attached chart, and hear comments form fellow traders.

What I do - just like our mentor Feb did tell us - GO WITH THE FLOW. I try to math my brain with market's flows.

I trade still basis of this thread - swing-pullback formation (1-2-3).
My trade manegement is simple - I trail my stop with HH-HL, LL-LH. You call these stuffs FCR.
With such trade management I give my trades room to breath. But very often I leave my profit on the table. You understand me, guys - I mean - I had 38 pips profit - after that market reversand leaves me with 12-15 pips (based on HH-LL). So - when I give to my trde room - it helps to not hit stop-loss order very often, but - leaves some my profits on the table. So - I have here dilemma.

I trade the very fresh swing+ pullback when I see it. I do not place Take Profits orders, I tend to swim with market's flow, and exit the trade on the reversal. Like I did tell you alredy - sometimes it gives opportunity to catch runner (big moves - 30-70 pips), but very often I leave profit on the table, and get "0".
I do not predict market's moves. I just trade WHAT I SEE. Swing+pullback. Do not like overtrading, and when I trade only 1-2-3 formations it gives me only 3-6 trades during the day. It is normal for me and my account.

Look at my chart and please give me your opinion. Every day I develop my trading art, my own trading style. I do not post very often here, becase want to understand a lot of things on my own. Through practice.

And - VERY IMPORTENT - I try to cut losses as short as possible.

So - my biggest dilemma is still trailing stop. (My based on HH-LL). I do give room to my trade, but I do leave profit very often....


Thanks for your comments!!!!!

still short after that shake out...

HR

Well didn't play the #2 & got burnt...

HR