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System 2 (AUD trading)

  • #281
  • Nov 24, 2009 2:41pm Nov 24, 2009 2:41pm
Looking for long above 08
Leonardo Follower
  • #282
  • Nov 24, 2009 3:10pm Nov 24, 2009 3:10pm
nice trades yesterday enox, i like how u summarise up all ur trades for the day, very easy to read and analyze
  • #283
  • Nov 24, 2009 3:18pm Nov 24, 2009 3:18pm
More importantly, it gives me a reference to go back to. trendy days are easy to trade however its even more important to capture our end of day trades on bad whipsaw days. Its these days that sticking to plan is most important. It also allows me to share with FXachillies and get his views on them, something that to me is the most important and as he is a very busy man and I respect his time and EOD summary is far easier for his eyes to criticize .

If you trading this method then go for it and do the same, use something like Jing project(a free screen capture tool) , works well for me.


Quoting potato
nice trades yesterday enox, i like how u summarise up all ur trades for the day, very easy to read and analyze
Survive and Preserve
  • #284
  • Nov 24, 2009 3:19pm Nov 24, 2009 3:19pm
Got filled at 075. A few hitting the bid at 14 and a few hitting the ask at 04-05. Content to let time pass some more before deciding to bail.
Leonardo Follower
  • #285
  • Nov 24, 2009 3:26pm Nov 24, 2009 3:26pm
Hi chris - I am long at 9212 and will be playing a 2G+ on this one which will include a reentry order at the same level. I saw the swing price so I took the BB - today I will play by the book and spend a full session - I am developing my commitment to trade for a full session instead of a few hours.

Of course price hits my entry and stops - I hate that -doesn't even give me a sense of success. and then stops right on the level line - ARGHHHHHHHHHHH LOL
I make money anywhere in the world by taking orders
  • #286
  • Nov 24, 2009 3:35pm Nov 24, 2009 3:35pm
I didnt get filled, my fill is for 9214(9209 +3 +2spread = 9214)


Quoting SedonaPipper
Hi chris - I am long at 9212 and will be playing a 2G+ on this one which will include a reentry order at the same level. I saw the swing price so I took the BB - today I will play by the book and spend a full session - I am developing my commitment to trade for a full session instead of a few hours.

Of course price hits my entry and stops - I hate that -doesn't even give me a sense of success. and then stops right on the level line - ARGHHHHHHHHHHH LOL
Survive and Preserve
  • #287
  • Nov 24, 2009 3:39pm Nov 24, 2009 3:39pm
Again 04-05 level held, so this one is looking OK. Shouldn't say things like this though lol.
Leonardo Follower
  • #288
  • Nov 24, 2009 3:39pm Nov 24, 2009 3:39pm
Quoting en0x
I didnt get filled, my fill is for 9214(9209 +3 +2spread = 9214)
I took the more aggressive 9206 which was really a 123 entry instead of a BB.
I make money anywhere in the world by taking orders
  • #289
  • Nov 24, 2009 3:44pm Nov 24, 2009 3:44pm
Yeah I saw that, you should be okay still, your stops are now around 9200 level mark.

Dont sweat the losses michael, end of the day this will work out but the important thing is to trade until you either loss your allocated trading amount for the day, or you get the runner. This is vital, to clear the losses. They happen most days.

Typical trend following system (even in a 5 min )

Michael, ever watched and listend to Ed Sekoyta's song "whipsaw song"? Youtube it and listen to the lyrics .


Quoting SedonaPipper
I took the more aggressive 9206 which was really a 123 entry instead of a BB.
Survive and Preserve
  • #290
  • Nov 24, 2009 3:47pm Nov 24, 2009 3:47pm
will pull it up shortly - thanks
I make money anywhere in the world by taking orders
  • #291
  • Nov 24, 2009 3:49pm Nov 24, 2009 3:49pm
I love that song and I watch it quite often to drill in his message into my head.


Quoting SedonaPipper
will pull it up shortly - thanks
Survive and Preserve
  • #292
  • Nov 24, 2009 3:50pm Nov 24, 2009 3:50pm
AU is going up but USDIX is going up too....so I think AU is going to fall sooner or later...
The Market pays you to be disciplined
  • #293
  • Nov 24, 2009 3:55pm Nov 24, 2009 3:55pm
Some more sellers hitting the bid at 14 again......
Leonardo Follower
  • #294
  • Nov 24, 2009 3:56pm Nov 24, 2009 3:56pm
I love the ..."whipsaw song"
The Market pays you to be disciplined
  • #295
  • Nov 24, 2009 4:05pm Nov 24, 2009 4:05pm
Quoting en0x
....

Michael, ever watched and listend to Ed Sekoyta's song "whipsaw song"? Youtube it and listen to the lyrics .
Do you know the words of the song?
The Market pays you to be disciplined
  • #296
  • Nov 24, 2009 4:08pm Nov 24, 2009 4:08pm
Sellers at 14 cleared away, fresh air now
Leonardo Follower
  • #297
  • Nov 24, 2009 4:25pm Nov 24, 2009 4:25pm
http://www.tradergav.com/2008/04/15/...by-ed-seykota/

Quoting mima
Do you know the words of the song?
Survive and Preserve
  • #298
  • Nov 24, 2009 4:29pm Nov 24, 2009 4:29pm
Out @ 33 for +25.5.....next

Will re-enter above 36
Leonardo Follower
  • #299
  • Nov 24, 2009 4:31pm Nov 24, 2009 4:31pm
Pats your back

Its gonna be our little joke now isnt it?

Quoting shodd
Out @ 33 for +25.5.....next

Will re-enter above 36
Survive and Preserve
  • #300
  • Nov 24, 2009 4:34pm Nov 24, 2009 4:34pm
We reversed our roles here, I was in from 9220..

Quoting shodd
Out @ 33 for +25.5.....next

Will re-enter above 36
Survive and Preserve
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