The System II (Yes with irony)

still hangin in there short from 4905...

i'm with you
look's like FO playing 2g+

o
out -9

out -7
re-entry short set @ 4890

out -6, because of the PLAN +2G

Short 4894 out for a -6 pips.Mr. Market Is chopping us out people. Now for the bracket. 1.4940 long 1.4878 short.

+10 short..hoping it will break the 4890 hurdle...

moved stop to break even...

short from 1.4894

My trades today for this moment... all fake outs.... May be you want to comment something.... May be I am wrong in something?

Feel free to comment!

Thanks!

May be I will wait till ECB President Trichet Speaks.... may be market will change after this.

Me same 2 trades 2 fakeouts total -7. But i think Patience is the key in everything and as we can se from previous days it will be payed

ok exited +9..got tired of waiting for it to break the low at 4888

Hi DIm,

THis feedback given with respect and firendship, and in no sense do I claim to be right - we're all pioneers on this path.

Does every blue highlight represent a separate trade? If they are IMHO your trade 1 was inside a bracket and close to the top of it at 35/6 so was a hiding to nothing as an entry point.
Trade 2 reversal doesn't really come off a valid FCR - and fcr needs a bit of a loop - what you have there is a single bear candle but it doesn't have enough form.

So 1&2 were unnecessary losses - again only my opinion and I am no expert.

Third, fourth and fifth (is there a fifth I can't be sure) trade possibly give yourself the room to risk a slightly higher loss on the 2G+ to weather the fakeout. It's very choppy this morning so it's difficult to balance appropriate defence with leaving enough room to breathe. But if you make -6 your rule of thumb for 2G+ you'll be having to keep re-entering....just my thoughts buddy, don't take this as gospel.

I took the short at 904 and got out BE on the failure to create a new LL.
Same again at 894 for BE with Roth speaking and then Monsr Trichet speaking anything can happen, but with no pips in teh bag I want to stay out and let this make up its mind.

Highroller held throughout - nice job - now he can set a SL and hope Roth kills the Euro followed closely my Trichet all teh way to 1400!!! - Lol

Very nice job...

Nice post mac, i was hoping you would respond as you do a better job of helping people than me...i wish i held that short tho...

short 1.4878

Same quote. Short with you.

Nice words HR, but don't underestimate the power of your example... hindsight would ahve us all rich! Now we're looking gooooood....#1 fellas...
someone let some bulls out - let's hope not enough

does anybody in short right now???? I am not.. STUPID I