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System 2 (AUD trading)

  • #41
  • Nov 10, 2009 8:51pm Nov 10, 2009 8:51pm
Quoting Paul M
I took another -10 on the fakeout long. Short now from 9291.

Closed short at -12. Reminder to myself...... DONT trade chinese news
"Save your ass, then go for profit"
  • #42
  • Nov 10, 2009 9:31pm Nov 10, 2009 9:31pm
Double down today 2 for 2 losses. -40


Both my fuck ups, most I should have lost was -10 over both of them.



Quoting Paul M
Closed short at -12. Reminder to myself...... DONT trade chinese news
Survive and Preserve
  • #43
  • Nov 11, 2009 6:28pm Nov 11, 2009 6:28pm
Late start for me today...

I am sitting out until after unemployment news....
"Save your ass, then go for profit"
  • #44
  • Nov 11, 2009 7:09pm Nov 11, 2009 7:09pm
OK big news spike. I wasn't willing to trade it after being faked out twice on yesterdays news.

Long order set at 9372 on a 123s. Lets see if there is any momentum left in this.
"Save your ass, then go for profit"
  • #45
  • Nov 11, 2009 8:51pm Nov 11, 2009 8:51pm
Quoting Paul M
OK big news spike. I wasn't willing to trade it after being faked out twice on yesterdays news.

Long order set at 9372 on a 123s. Lets see if there is any momentum left in this.
Short now from 9345. Off the FCR at 9348. Back to snail pace.
Attached Image (click to enlarge)
Click to Enlarge Name: aud 12 nov.gif Size: 29 KB
"Save your ass, then go for profit"
  • #46
  • Edited 9:57pm Nov 11, 2009 9:18pm | Edited 9:57pm
Out -10. Might have been a bit hasty. Could have been played as a number two and held on.
"Save your ass, then go for profit"
  • #47
  • Nov 12, 2009 5:28pm Nov 12, 2009 5:28pm
Long from 0.9240
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 108 KB
Survive and Preserve
  • #48
  • Edited 6:56pm Nov 12, 2009 5:57pm | Edited 6:56pm
Moved stop loss to Break Even. After large pull back playing #1. Will exit for max profit or let it run if the god of Fx deems it so
"Save your ass, then go for profit"
  • #49
  • Nov 12, 2009 7:18pm Nov 12, 2009 7:18pm
Quoting Paul M
Moved stop loss to Break Even. After large pull back playing #1. Will exit for max profit or let it run if the god of Fx deems it so

Exited the long for +8 Pips after failed to break HH.
"Save your ass, then go for profit"
  • #50
  • Nov 12, 2009 7:38pm Nov 12, 2009 7:38pm
out for +1

What do you think of hte idea of targetting our trades paul?

Quoting en0x
Long from 0.9240
Survive and Preserve
  • #51
  • Nov 12, 2009 8:25pm Nov 12, 2009 8:25pm
Quoting en0x
out for +1

What do you think of hte idea of targetting our trades paul?
I think its a fine idea. Long runs in asia session seem pretty rare.
"Save your ass, then go for profit"
  • #52
  • Nov 15, 2009 9:31pm Nov 15, 2009 9:31pm
Quoting en0x
Long from 0.9240
thanks for the chart en0x , love the entry and i save it !

http://img39.imagefra.me/img/img39/1...2m_956a5f0.png
  • #53
  • Nov 17, 2009 9:48pm Nov 17, 2009 9:48pm
Quoting en0x
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...

Hey Chris, didn't know you set this thread up, I will be joining in too now.

Had a dose of the flu in recent weeks, so have been out of communication.

cheers.
testing the market
  • #54
  • Nov 17, 2009 10:19pm Nov 17, 2009 10:19pm
Short at .9262
Attached Image (click to enlarge)
Click to Enlarge Name: skippy.gif Size: 15 KB
  • #55
  • Nov 17, 2009 10:27pm Nov 17, 2009 10:27pm
Hi folks, en0x just pointed me in this direction, hope to contribute a little to the discussion.

1 trade for today -

IN - 0.9295
OUT - 0.9276
+ 19

Happy to field questions if you have them.
Attached Image
Leonardo Follower
  • #56
  • Nov 17, 2009 10:54pm Nov 17, 2009 10:54pm
Quoting skris
Short at .9262
And a long order about 9290?

cheers
testing the market
  • #57
  • Nov 17, 2009 11:01pm Nov 17, 2009 11:01pm
Took a long at .9279, above the fractal shown on my chart, currently +7 pips, looking to bank +10
  • #58
  • Nov 17, 2009 11:09pm Nov 17, 2009 11:09pm
Maybe this ones got some legs on it?
Attached Image (click to enlarge)
Click to Enlarge Name: skippy.gif Size: 18 KB
  • #59
  • Nov 17, 2009 11:10pm Nov 17, 2009 11:10pm
Yes, lets do this
Quoting shodd
Hi folks, en0x just pointed me in this direction, hope to contribute a little to the discussion.

1 trade for today -

IN - 0.9295
OUT - 0.9276
+ 19

Happy to field questions if you have them.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 134 KB
Survive and Preserve
  • #60
  • Nov 17, 2009 11:11pm Nov 17, 2009 11:11pm
Quoting skris
Took a long at .9279, above the fractal shown on my chart, currently +7 pips, looking to bank +10
Good entry. There is some good advice on the System II thread regarding taking profits too early, might be worth a look if you haven't done so already.
testing the market
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