The System II (Yes with irony) | Page 507 | 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)

  • #10,121
  • Nov 3, 2009 12:45am Nov 3, 2009 12:45am
UK online - looking for a better start than yesterday - got my glasses on this morning. Ended ysterday +53 thanks to the news driven runner....not exactly covered with glory but in profit.

System II with aluminium...no sorry...irony.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,122
  • Nov 3, 2009 12:56am Nov 3, 2009 12:56am
Quoting tptrading
I don't get a chance to post much as I work (and try to trade during my work day) 6:00 AM - 4:30 PM PST. But I do read every post and am very thankful to FX and all others for their contributions.
Trade summary:
#1 I think I played this one by the book
#2 I should have used the #1 exit by the book and picked up another 20 pips.
#3 Should have given the pullback @ 4775 a little more room and got out @ 4745 per exit #1

But all in all happy with +71 for the day.
Attachment
Morning everybody

Nice day. But work on your exits and don't be afraid to leave some money on the desk. Actually, when jumping out of the deal without playing #1 properly, although you think you are cashing, you are truly leaving tons of money on the desk.

Well done.

Let's go for more hard work, guys!
  • #10,123
  • Edited 1:59am Nov 3, 2009 1:01am | Edited 1:59am
Short from 91 - #1 - Sl to 80 (7.16 am GMT) - just tweaked Sl to 78 (7.38 am) Let this SF/F do its worst...Sl to 76 (+15 guaranteed - 7.58 am)
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,124
  • Nov 3, 2009 1:02am Nov 3, 2009 1:02am
short FCR at 4792 ?
zaba1
  • #10,125
  • Nov 3, 2009 1:08am Nov 3, 2009 1:08am
Mrng all from London . Lets rock.
  • #10,126
  • Nov 3, 2009 1:16am Nov 3, 2009 1:16am
Quoting mac1956
Short from 91 - #1 - Sl to 80
Amazing runner .... well done.
  • #10,127
  • Nov 3, 2009 1:24am Nov 3, 2009 1:24am
Quoting mac1956
Short from 91 - #1 - Sl to 80 (7.16 am GMT)
Good morning guys...
Ready for th new battle.....

Good entry Mac, and good starting for the day....
Same to you Zaba, wellcome, and well done.... lol
  • #10,128
  • Nov 3, 2009 2:01am Nov 3, 2009 2:01am
New FCR forming
Attached Image (click to enlarge)
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  • #10,129
  • Edited 2:26am Nov 3, 2009 2:04am | Edited 2:26am
Quoting mac1956
Short from 91 - #1 - Sl to 80 (7.16 am GMT) - just tweaked Sl to 78 (7.38 am) Let this SF/F do its worst...Sl to 76 (+15 guaranteed - 7.58 am)

Taken half the load at + 30 now and leaving the other half to run or retrace and stop me out at 76. 60 seems to be a hurdle...7 failures. (8.26 am) Sl to 769
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,130
  • Nov 3, 2009 2:19am Nov 3, 2009 2:19am
Is a BB forming?
  • #10,131
  • Nov 3, 2009 2:24am Nov 3, 2009 2:24am
Hi All,

Missed that down move, now waiting opportunities.

Agreed FCR upsides has formed, but this could now be going into a consolidation range.
Survive and Preserve
  • #10,132
  • Nov 3, 2009 2:27am Nov 3, 2009 2:27am
ok sshort 51
Survive and Preserve
  • #10,133
  • Nov 3, 2009 2:29am Nov 3, 2009 2:29am
Continuation move is developing stop now moved to 1.4772.
Attached Image (click to enlarge)
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  • #10,134
  • Nov 3, 2009 2:31am Nov 3, 2009 2:31am
im short. am i right to treat this as a bb?
  • #10,135
  • Nov 3, 2009 2:31am Nov 3, 2009 2:31am
Quoting DesertFX
Continuation move is developing stop now moved to 1.4772.
Nice play those who go into the move higher up.
Survive and Preserve
  • #10,136
  • Nov 3, 2009 2:32am Nov 3, 2009 2:32am
Quoting PaulLangham
ok sshort 51
with you on this one Paul
short from 50...
let's see

More than a BB I see it as a 123S formation... only IMHO
So I have #2 defensive play in mind
  • #10,137
  • Nov 3, 2009 2:33am Nov 3, 2009 2:33am
Quoting iak
im short. am i right to treat this as a bb?
Hi depends on where you entered, if it is from higher up then play #1

The range or bracket did not really develop price stalled and this is more of a continuation of the move down. Depending on how price reacts now you will have to play #2G or #1
Survive and Preserve
  • #10,138
  • Nov 3, 2009 2:34am Nov 3, 2009 2:34am
Quoting iak
im short. am i right to treat this as a bb?
i would treat as 123D (theres been 50 pip run /20 correction), but its the same defense G+
  • #10,139
  • Nov 3, 2009 2:38am Nov 3, 2009 2:38am
Morning Boys,
i am short on the BB bearish countinuation... G+ is for fakeout and the one and only the money making machine #1 is for the SF..

if and then.. i got a nice fcr on top for the long trade.. picture is so clear.. what i got to do is to just do it..

lets see what happens..

http://cdn.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
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  • #10,140
  • Nov 3, 2009 2:41am Nov 3, 2009 2:41am
entred at 498. hoping to play #1 if goes down. was thinking 2g as defense. but little unsure now
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