The System II (Yes with irony) | Page 474 | 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)

  • #9,461
  • Oct 19, 2009 9:02am Oct 19, 2009 9:02am
Hi all
A lot of reading - up to page 134.
I gather the gist so far.
Has anyone sold the e/u at 4902 as it broke the 8:15amest low of 4906.
regards
emtee
  • #9,462
  • Oct 19, 2009 9:13am Oct 19, 2009 9:13am
Hi all
Got whacked.
Have a buy order at 4933.
Anyone agree?
regards
emtee
  • #9,463
  • Oct 19, 2009 9:15am Oct 19, 2009 9:15am
Hi Emtee,
I think a lot of people are on the sidelines now ahead of Bernanke's speech at 11am.

John
  • #9,464
  • Oct 19, 2009 9:41am Oct 19, 2009 9:41am
Hi all
sold at 4952
Win offset earlier loss.
Not willing to risk that market will punch thru 5:50amest high or resistance.
Profit is acceptable to me
regards
emtee
  • #9,465
  • Oct 19, 2009 9:49am Oct 19, 2009 9:49am
Quoting emtee
Hi all
Got whacked.
Have a buy order at 4933.
Anyone agree?
regards
emtee
did u say ur at page 134?

  • #9,466
  • Oct 19, 2009 9:55am Oct 19, 2009 9:55am
yes - page 134
got a long way to go
fxachilies - If you do not want me to post until I have read it all, I have no problem with that. I can wait.
regards
emtee
  • #9,467
  • Oct 19, 2009 9:56am Oct 19, 2009 9:56am
Hi All,

These are my trades.

Trade 1: I should have closed it early (I don't know how). Still learning.

Trade 2: Closed playing #2 after it bounced.

Trade 3: I should have closed it at BE + 1.

Any comment is welcome.


Regards.

Attached Image (click to enlarge)
Click to Enlarge Name: 20091019 Chart.gif Size: 20 KB
  • #9,468
  • Oct 19, 2009 9:58am Oct 19, 2009 9:58am
Quoting emtee
Hi all
sold at 4952
Win offset earlier loss.
Not willing to risk that market will punch thru 5:50amest high or resistance.
Profit is acceptable to me
regards
emtee
what part of the gist that you got from the whole 134pgs that say we sell at 4952?
just a humble question..
brother..
  • #9,469
  • Oct 19, 2009 10:09am Oct 19, 2009 10:09am
Quoting Trader222
Hi All,

These are my trades.

Trade 1: I should have closed it early (I don't know how). Still learning.

Trade 2: Closed playing #2 after it bounced.

Trade 3: I should have closed it at BE + 1.

Any comment is welcome.


Regards.

Attachment

Great trades, mate. I am not one of the experts here, but they look pretty nice to me. Disciplined and clean. Well done.
  • #9,470
  • Oct 19, 2009 10:13am Oct 19, 2009 10:13am
Hi fxachilies
You are a very good trader and also patient. I need to learn patience.
There is nothing in the 134 pages that i read to suggest to do what I did.
My own rationale is as follows.
The resistance high was a long time ago at 4:55am. The further the high is away, the harder it is to penetrate on the first attempt IMHO.
So I reasoned, take a good profit now and the odds are in my favour that the market will retrace somewhat and I can get in at a better price as it attempts to break thru that high. If I am wrong, no big deal. 19 pips profit is good for me. I can catch another bus later.
regards
emtee
  • #9,471
  • Oct 19, 2009 10:16am Oct 19, 2009 10:16am
Quoting Trader222
Hi All,

These are my trades.

Trade 1: I should have closed it early (I don't know how). Still learning.

Trade 2: Closed playing #2 after it bounced.

Trade 3: I should have closed it at BE + 1.

Any comment is welcome.


Regards.

Attachment
Hi 222,
your play there is to stick to #1 play.. or exit at the break of first fcr, which is where u exited exactly.. well done..
let me know what u know about playing #1 and if anything is missing i will fill the blanks for you..
good hold and overall exit..
  • #9,472
  • Oct 19, 2009 10:19am Oct 19, 2009 10:19am
back on the bus at 4946 at 11:18am
regards
emtee
  • #9,473
  • Oct 19, 2009 10:20am Oct 19, 2009 10:20am
Hello to all,

If you did not enter earlier @ the .4932 and are playing #1 atm..your new fcr long is the .4958 area and your fcr short is the .4900 area. Anything else atm is trading within a bracket which is a riskier and not recommended play for most people here. If you choose to go north be aware that the swing is around 60 pips atm.

Hope this helps

P.S
Unus pro omnibus, omnes pro uno
  • #9,474
  • Oct 19, 2009 10:23am Oct 19, 2009 10:23am
sl moved to 4942
regards
emtee
  • #9,475
  • Oct 19, 2009 10:26am Oct 19, 2009 10:26am
11:23am
I had a tp at 17pips ( 4963 ) and forgot to change it, anyway still happy with 17 pip profit.
regards
emtee
I will keep quite for a while as I am posting too much
  • #9,476
  • Oct 19, 2009 10:41am Oct 19, 2009 10:41am
anyone see a sell signal at 11:35am at 4937? Just a thought or did I misread. I sold at 4937
regards
emtee
  • #9,477
  • Oct 19, 2009 10:41am Oct 19, 2009 10:41am
Quoting emtee
Hi fxachilies
You are a very good trader and also patient. I need to learn patience.
There is nothing in the 134 pages that i read to suggest to do what I did.
My own rationale is as follows.
The resistance high was a long time ago at 4:55am. The further the high is away, the harder it is to penetrate on the first attempt IMHO.
So I reasoned, take a good profit now and the odds are in my favour that the market will retrace somewhat and I can get in at a better price as it attempts to break thru that high. If I am wrong, no big deal. 19 pips profit...
wow very profound and knowledgeable.. i can't even think that far nor choose too.. lol
anyhow.. all your valid anaolygie superbly fits another thread.. in here all of that is out the window.. it be like learning to walk again..
as u said u did not read anything about what u did in the first 134pgs and guess what, u wont in the next 500 pages either.. thats why i gives u more of a reason to read the whole thread and get the true grasp of the things that we do here.. and eventually be part of the family..
we welcome you to the thread..
to speed things up for you i'll refer you to post 4734 and follow the instructions there while u read the whole thread u can stay current with the threads progress..

and patience is a small part of what i do.. i just have learned to stick to my plan for a edge ..
  • #9,478
  • Oct 19, 2009 10:42am Oct 19, 2009 10:42am
sl at 4951
emtee
  • #9,479
  • Oct 19, 2009 11:05am Oct 19, 2009 11:05am
last post for the day
stopped out for 14 pip loss
I will read all the pages over the next 4 weeks. A time consuming process.
Thanks for your comments fxachilies.
You have proven that you are a very good trader - I am still working at that.
While I have the opportunity, I must thank feb2865 very much for his brilliance as a trader and his willingness to share his knowledge. I wish you all the best feb2865 regarding your health.
My style of trading is scalping and taking what you can get and not being too greedy. The approach in this thread is patience which can give greater rewards. So currently I am wresting with the two opposing ideas. Notwithstanding, all of feb2865's style can be incorporated into the entry of a position, which I am playing with at the moment. IMHO, exiting is more of a personal idea suited to a person's personality. Just my 2 cents worth.
I will be back in a month or so.
regards
emtee
All of this posting costs me trading time!!!!!!!!!!!
  • #9,480
  • Oct 19, 2009 11:26am Oct 19, 2009 11:26am
Quoting emtee
anyone see a sell signal at 11:35am at 4937? Just a thought or did I misread. I sold at 4937
regards
emtee
Before you leave for the day - what is your leasson learned on your last trade?
I make money anywhere in the world by taking orders
3 traders viewing now