System 2 (AUD trading) | Forex Factory

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System 2 (AUD trading)

  • #1
  • First Post: Nov 9, 2009 3:45pm Nov 9, 2009 3:45pm
Hi All,

I am opening up a System 2(with irony) to trade the AUD on 5 mins during Asia as I cannot trade the EUR in London and NYC session.

This thread is notfor new people to System2 , if you want to know what System 2 is then read the whole System 2 thread and get familar with what FCR's 123S 123D FCR2 and their respected exits before asking what they are in this thread please also make sure you read the system2 primary thread to ensure you keep up to date with whats happening.


System 2 can be found here http://www.forexfactory.com/showthread.php?t=80290
Survive and Preserve
  • #2
  • Nov 9, 2009 3:51pm Nov 9, 2009 3:51pm
Sorry, deleted the previous post as I uploaded a wrong pic

Anyways, AUD traded long at 0.9306

Waiting for an FCR to form to move my stops
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 44 KB
Survive and Preserve
  • #3
  • Nov 9, 2009 4:27pm Nov 9, 2009 4:27pm
moved SL to under FCR
Quoting en0x
Sorry, deleted the previous post as I uploaded a wrong pic

Anyways, AUD traded long at 0.9306

Waiting for an FCR to form to move my stops
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 40 KB
Survive and Preserve
  • #4
  • Nov 9, 2009 4:31pm Nov 9, 2009 4:31pm
Broke it and went straight back in. Lets see if the candle will close above the HH line before I make any decisionss. Maybe a runner for the day? Maybe nothing. Time will tell.

Quoting en0x
moved SL to under FCR
Survive and Preserve
  • #5
  • Nov 9, 2009 4:41pm Nov 9, 2009 4:41pm
Price spiked up through the HH but I didnt close it and was stopped out at BE.


Short now based on the FCR.
Quoting en0x
Broke it and went straight back in. Lets see if the candle will close above the HH line before I make any decisionss. Maybe a runner for the day? Maybe nothing. Time will tell.
Survive and Preserve
  • #6
  • Nov 9, 2009 5:05pm Nov 9, 2009 5:05pm
Moevd SL to .09313
Quoting en0x
Price spiked up through the HH but I didnt close it and was stopped out at BE.


Short now based on the FCR.
Survive and Preserve
  • #7
  • Nov 9, 2009 5:16pm Nov 9, 2009 5:16pm
Quoting en0x
Moevd SL to .09313
Hi Chris,
I will join u time to time as i have the same problem with trading london and NY session.It is look funny bcz i live in London but my bloody full time job at this sessions ,so I just can only watch.
Happy trading today .
  • #8
  • Nov 9, 2009 5:51pm Nov 9, 2009 5:51pm
This trade is sitting at +22 at the moment, waiting for a pullback and will close if it does and the test of the LL fails.

OR.

I could just close at +21 and be done with it for a 1:1.25 trade...

I chose to control my emotions and see what the market will give me, playing number 1 all the way and see if it will give me anything
Quoting en0x
Moevd SL to .09313
Survive and Preserve
  • #9
  • Nov 9, 2009 5:52pm Nov 9, 2009 5:52pm
en0x, thanks for opening this aussie trade i'll watch and learn.
  • #10
  • Nov 9, 2009 5:53pm Nov 9, 2009 5:53pm
Hey FX , yeah I live in Sydney and work a full time job so trading NYC was just impossible for me. The method works well on any major I believe, just make sure we get to know its behavior and when the market is trading it.


Quoting Fxfighter
Hi Chris,
I will join u time to time as i have the same problem with trading london and NY session.It is look funny bcz i live in London but my bloody full time job at this sessions ,so I just can only watch.
Happy trading today .
Survive and Preserve
  • #11
  • Nov 9, 2009 5:55pm Nov 9, 2009 5:55pm
Chart so far.

I will flip between Oanda and MT4 charts. I use oanda to enter my accounts but find it harder to mark fo posting. So if you see me post an Oanda chart its just I dont have time to open up MT4 and draw things so I just use my live chart.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 86 KB
Survive and Preserve
  • #12
  • Nov 9, 2009 5:57pm Nov 9, 2009 5:57pm
Hi Ben,

I take it you are a system2 trader? If so feel free to post charts and trade with me. Its kinda lonely here

Paul M from System 2 will also join us sometimes as well as a few others. I am hoping Froggy10 comes on board as he is a audusd trader too (as far as I know he uses System2)


Quoting ben10
en0x, thanks for opening this aussie trade i'll watch and learn.
Survive and Preserve
  • #13
  • Nov 9, 2009 6:06pm Nov 9, 2009 6:06pm
9280 seems to be the daddy of all daddy levels to break here. Now, should I give away all my profits to hold for a test of the LL again if it happens?

Fark yeah, its only money and there is another day out there tomorrow. Lets see if price will reverse right back to BE to get me out or go down to test the LL again.

Might be a foolish decision but time will tell.



Quoting en0x
Hi Ben,

I take it you are a system2 trader? If so feel free to post charts and trade with me. Its kinda lonely here

Paul M from System 2 will also join us sometimes as well as a few others. I am hoping Froggy10 comes on board as he is a audusd trader too (as far as I know he uses System2)
Survive and Preserve
  • #14
  • Nov 9, 2009 6:11pm Nov 9, 2009 6:11pm
Moved SL to 9298 above the FCR.

Quoting en0x
9280 seems to be the daddy of all daddy levels to break here. Now, should I give away all my profits to hold for a test of the LL again if it happens?

Fark yeah, its only money and there is another day out there tomorrow. Lets see if price will reverse right back to BE to get me out or go down to test the LL again.

Might be a foolish decision but time will tell.
Survive and Preserve
  • #15
  • Nov 9, 2009 6:15pm Nov 9, 2009 6:15pm
Hi chris

I will also join you from time to time. I just need to watch for a little while to get used to the Aussie.
I make money anywhere in the world by taking orders
  • #16
  • Nov 9, 2009 7:08pm Nov 9, 2009 7:08pm
Attempted at LL, lets se what she is doing, if it fails I am out..

Quoting en0x
Moved SL to 9298 above the FCR.
Survive and Preserve
  • #17
  • Nov 9, 2009 7:12pm Nov 9, 2009 7:12pm
its just broken but can it sustain it?
If candle doesnt close below line I am out.
Quoting en0x
Attempted at LL, lets se what she is doing, if it fails I am out..
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 76 KB
Survive and Preserve
  • #18
  • Nov 9, 2009 7:30pm Nov 9, 2009 7:30pm
Thing has stupidly slowed down.

Closed for +26.

So two for today, +26 and breakeven.

The breakeevn one could have been at least +20 but I failed to close on the failed HH break. Such is life, tomorrow is another day. Oh and there goes price after me getting out... BAH. I got to stop doing that annoying thing...

Quoting en0x
its just broken but can it sustain it?
If candle doesnt close below line I am out.
Survive and Preserve
  • #19
  • Nov 9, 2009 7:40pm Nov 9, 2009 7:40pm
Watching for long. break of this FCR and I will be playing it as an FCR2 and play #2g+ exit.
unless ,of course, an fcr forms between now and if the fcr breaks then I will adjust accordingly.

Quoting en0x
Thing has stupidly slowed down.

Closed for +26.

So two for today, +26 and breakeven.

The breakeevn one could have been at least +20 but I failed to close on the failed HH break. Such is life, tomorrow is another day. Oh and there goes price after me getting out... BAH. I got to stop doing that annoying thing...
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 74 KB
Survive and Preserve
  • #20
  • Nov 9, 2009 8:43pm Nov 9, 2009 8:43pm
I am leaving for the day, got stuff to do. See you guys tomorrow.
Quoting en0x
Watching for long. break of this FCR and I will be playing it as an FCR2 and play #2g+ exit.
unless ,of course, an fcr forms between now and if the fcr breaks then I will adjust accordingly.
Survive and Preserve
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