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System 2 (AUD trading)

  • #121
  • Nov 19, 2009 12:34am Nov 19, 2009 12:34am
Yes, hindsight is great , but we should really play number 1 with renentry.

Anywyas, you know what they say about hindsight


I did renter on the 58 break
Quoting John888
Attachment

Looking back at todays chart now, it seems obvious that we should have stayed in the trade for a lot longer. I have to just follow the plan.
Survive and Preserve
  • #122
  • Nov 19, 2009 1:27am Nov 19, 2009 1:27am
hi.. I got some free time this monring so i decided to look at AUD for u and help out maybe a bit.. now i understand this is good day for this pair 80 pips run.. but it don't matter good days bad days, do what i suggest and you lose less on bad days.. trust me.. and thats always a plus..

if u entered on the 1st opporutnity u really should be hanging on to this baby to close to very end for a good 50 pips gain.. as u see price parted well away from the trigger point and put u in the driversit and never attempted to break a fcr..
if u missed the 1st opp then u got a 2nd and 3rd chance to preserve some pips out of this run, since it got a little rough..
guys I understand hindsight.. and i am a nonbeliver on it.. but i attempt to bring the hindsight to reality for myself.. and i do it everyday by sticking to plan.. easier said than done, trust me I know all about that, but hey keep on plugging.. practise makes perfect..

I hope it helps..
Good luck..

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  • #123
  • Nov 19, 2009 4:41am Nov 19, 2009 4:41am
Yes, I see.

Sometimes I take "mini" FCRs which is stupid. A FCR is a FCR, there are no "mini" FCRs , they dont exist , maybe as point to preserve.


Try again tomorrow, at least I can stay awake for AUD

I am going to do some serious homework this weekend. To get myself used to seeing the proper FCRs.



Quoting fxachilies
hi.. I got some free time this monring so i decided to look at AUD for u and help out maybe a bit.. now i understand this is good day for this pair 80 pips run.. but it don't matter good days bad days, do what i suggest and you lose less on bad days.. trust me.. and thats always a plus..

if u entered on the 1st opporutnity u really should be hanging on to this baby to close to very end for a good 50 pips gain.. as u see price parted well away from the trigger point and put u in the driversit and never attempted to break a fcr..
if u missed the...
Survive and Preserve
  • #124
  • Nov 19, 2009 5:08pm Nov 19, 2009 5:08pm
Yesterday was sweet as chocolate cake. I hope everyone got that drop on aussie on the double bottom break?
Survive and Preserve
  • #125
  • Nov 19, 2009 5:12pm Nov 19, 2009 5:12pm
Quoting en0x
Yesterday was sweet as chocolate cake. I hope everyone got that drop on aussie on the double bottom break?
I will be able to trade with you for a couple of hours today.
I make money anywhere in the world by taking orders
  • #126
  • Nov 19, 2009 5:15pm Nov 19, 2009 5:15pm
Short order at 76, lets see what AUD wants to do.
Survive and Preserve
  • #127
  • Nov 19, 2009 5:24pm Nov 19, 2009 5:24pm
Guys, I am battling to screenshot here , so I will just type it

I have my short entered at 9176, on 123S break, therefore I will play defensive number 2 should it be a fakeout, which is looking likely.

hard Stop is 9196
Quoting en0x
Short order at 76, lets see what AUD wants to do.
Survive and Preserve
  • #128
  • Nov 19, 2009 5:24pm Nov 19, 2009 5:24pm
I am thinking about this - quite often it seems that price moves after the open and then does either a retrace or goes to the other end of the bracket. So I am thinking it may might be better if I don't take the first BB trade after the market opens but wait for a 123 to develop after the opening or take the first trade that breaks the bracket to the other side of the first bracket break - gives the market time to develop a direction.
open to your thoughts on this
I make money anywhere in the world by taking orders
  • #129
  • Nov 19, 2009 5:26pm Nov 19, 2009 5:26pm
Looks like our first fakeout for the morning, playing number 2 to preserve my capital. but IF we start getting back to LL watch it , in case it breaks and we still riding the down. If not we close close to breakeven as possible and place a reentry order in.


Quoting en0x
Guys, I am battling to screenshot here , so I will just type it

I have my short entered at 9176, on 123S break, therefore I will play defensive number 2 should it be a fakeout, which is looking likely.

hard Stop is 9196
Survive and Preserve
  • #130
  • Nov 19, 2009 5:28pm Nov 19, 2009 5:28pm
Good point BUT, if you choosy like this then yesterday you would have missed the massive drop that gave us a quick 20 pips profit.



Quoting SedonaPipper
I am thinking about this - quite often it seems that price moves after the open and then does either a retrace or goes to the other end of the bracket. So I am thinking it may might be better if I don't take the first BB trade after the market opens but wait for a 123 to develop after the opening or take the first trade that breaks the bracket to the other side of the first bracket break - gives the market time to develop a direction.
open to your thoughts on this
Survive and Preserve
  • #131
  • Nov 19, 2009 5:30pm Nov 19, 2009 5:30pm
Quoting en0x
Good point BUT, if you choosy like this then yesterday you would have missed the massive drop that gave us a quick 20 pips profit.
relook at the chart - what I see is that the big drop happened after a low was established and then the retrace for a 123 entry
I make money anywhere in the world by taking orders
  • #132
  • Nov 19, 2009 5:30pm Nov 19, 2009 5:30pm
My frekkin PC is messing up :/ cant open my charts...
Quoting en0x
Good point BUT, if you choosy like this then yesterday you would have missed the massive drop that gave us a quick 20 pips profit.
Survive and Preserve
  • #133
  • Nov 19, 2009 5:32pm Nov 19, 2009 5:32pm
Play it like that , maybe you have a point. I took the short on the break.

Maybe its a good idea to play breaks like that then.

Normally range breakouts come with a pullback to the line in slower times, maybe we play that in AUD instead of just pure bracket breakouts in the opening sessions?

I am playing the defensive plans we where given so hey, should be fine, lets see.
btw, what you talking about gives you a better MM


Quoting SedonaPipper
relook at the chart - what I see is that the big drop happened after a low was established and then the retrace for a 123 entry
Survive and Preserve
  • #134
  • Nov 19, 2009 5:36pm Nov 19, 2009 5:36pm
Quoting en0x
Play it like that , maybe you have a point. I took the short on the break.

Maybe its a good idea to play breaks like that then.

Normally range breakouts come with a pullback to the line in slower times, maybe we play that in AUD instead of just pure bracket breakouts in the opening sessions?

I am playing the defensive plans we where given so hey, should be fine, lets see.
btw, what you talking about gives you a better MM
so given what I said - my short is 9171 - only 5 pips difference and the market has time to figures itself out
I make money anywhere in the world by taking orders
  • #135
  • Nov 19, 2009 5:38pm Nov 19, 2009 5:38pm
Closed it -10.

Sedona, certainly look at that idea of yours. Might be an idea
Quoting SedonaPipper
so given what I said - my short is 9171 - only 5 pips difference and the market has time to figures itself out
Survive and Preserve
  • #136
  • Nov 19, 2009 5:40pm Nov 19, 2009 5:40pm
Quoting en0x
Closed it -10.

Sedona, certainly look at that idea of yours. Might be an idea
now do I wait for the break of the other side - if it happens or take the fcr2 trade at 9190? 9 pips can be a lot on this pair -
I make money anywhere in the world by taking orders
  • #137
  • Nov 19, 2009 5:43pm Nov 19, 2009 5:43pm
I have my order at 97.
Quoting SedonaPipper
now do I wait for the break of the other side - if it happens or take the fcr2 trade at 9190? 9 pips can be a lot on this pair -
Survive and Preserve
  • #138
  • Nov 19, 2009 5:46pm Nov 19, 2009 5:46pm
Quoting en0x
I have my order at 97.
I am going to wait for the break of the upper bracket - may cost me a few pips but I like the more conservative play this early in the session.
I make money anywhere in the world by taking orders
  • #139
  • Nov 19, 2009 6:05pm Nov 19, 2009 6:05pm
Might have been a winner Sedona, looks like a choppy smelly monster forming

Quoting SedonaPipper
I am going to wait for the break of the upper bracket - may cost me a few pips but I like the more conservative play this early in the session.
Survive and Preserve
  • #140
  • Nov 19, 2009 6:14pm Nov 19, 2009 6:14pm
Quoting en0x
Might have been a winner Sedona, looks like a choppy smelly monster forming
Maybe - nice strong candle forming shall see it it can keep its momentum
I make money anywhere in the world by taking orders
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