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The System II (Yes with irony)

  • #12,041
  • Dec 1, 2009 5:10am Dec 1, 2009 5:10am
Have a question....

Am I right when I think that we can place short order under 5070 level-line???
Or we need to wait till price will go down to the previous level 5056????


Thank you!
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  • #12,042
  • Dec 1, 2009 5:13am Dec 1, 2009 5:13am
Quoting DesertFX
BB forming ......... 1.5055 / 1.5085
I would even go short higher at 1.5066. It has been ranging here for an hour. Very carefull with the defence though.
You wont survive without preserving!!!
  • #12,043
  • Dec 1, 2009 5:15am Dec 1, 2009 5:15am
It will shot someware
"Even a million miles journey starts with one single step"
  • #12,044
  • Dec 1, 2009 5:19am Dec 1, 2009 5:19am
I'm going in
"Even a million miles journey starts with one single step"
  • #12,045
  • Dec 1, 2009 5:19am Dec 1, 2009 5:19am
Short 1.5066.
You wont survive without preserving!!!
  • #12,046
  • Dec 1, 2009 5:20am Dec 1, 2009 5:20am
Quoting DesertFX
BB forming ......... 1.5068 / 1.5085
Am short at 1.5067 playing #2g
  • #12,047
  • Dec 1, 2009 5:24am Dec 1, 2009 5:24am
Quoting coronajazz
I would even go short higher at 1.5066. It has been ranging here for an hour. Very carefull with the defence though.
Cheers Corona thanks for pointing out.
  • #12,048
  • Dec 1, 2009 5:25am Dec 1, 2009 5:25am
Guys...

nothing against your entries but... did you notice that we are in the middle of a range?

My orders, long @ 86, short @ 54

In the middle, it could work or you may face the baby choppy monster... but you must recognize the patterns and understand that this is a risky one.

Remember: your resources are your capital and your time. Invest them properly. Don't waste them on lower probability entries. I faced a fake down and a fake up. 2 entries to define the bracket. I just paid my money to recognise it; now, why should I pay more inside it?
  • #12,049
  • Dec 1, 2009 5:30am Dec 1, 2009 5:30am
Quoting elizo
Guys...

nothing against your entries but... did you notice that we are in the middle of a range?

My orders, long @ 86, short @ 54

In the middle, it could work or you may face the baby choppy monster... but you must recognize the patterns and understand that this is a risky one.


Remember: your resources are your capital and your time. Invest them properly. Don't waste them on lower probability entries. I faced a fake down and a fake up. 2 entries to define the bracket. I just paid my money to recognise it; now, why should I pay more inside...

Thanks for your help today Elizo. appreciating your posts.
  • #12,050
  • Dec 1, 2009 5:34am Dec 1, 2009 5:34am
Quoting elizo
Guys...

nothing against your entries but... did you notice that we are in the middle of a range?

My orders, long @ 86, short @ 54

In the middle, it could work or you may face the baby choppy monster... but you must recognize the patterns and understand that this is a risky one.

Remember: your resources are your capital and your time. Invest them properly. Don't waste them on lower probability entries. I faced a fake down and a fake up. 2 entries to define the bracket. I just paid my money to recognise it; now, why should I pay more inside...
Cheers bro
  • #12,051
  • Dec 1, 2009 5:35am Dec 1, 2009 5:35am
No worries, guys... learning with you all.
  • #12,052
  • Dec 1, 2009 5:39am Dec 1, 2009 5:39am
Quoting elizo
Guys...

nothing against your entries but... did you notice that we are in the middle of a range?

My orders, long @ 86, short @ 54

In the middle, it could work or you may face the baby choppy monster... but you must recognize the patterns and understand that this is a risky one.

Remember: your resources are your capital and your time. Invest them properly. Don't waste them on lower probability entries. I faced a fake down and a fake up. 2 entries to define the bracket. I just paid my money to recognise it; now, why should I pay more inside it?...
ye-e-a-a-h-h-h!!!! exactly!!!

This is why I made yesterday a lot of stupid trades..... in the middle of range.....
  • #12,053
  • Dec 1, 2009 6:00am Dec 1, 2009 6:00am
Quoting dim4ik42
ye-e-a-a-h-h-h!!!! exactly!!!

This is why I made yesterday a lot of stupid trades..... in the middle of range.....
That is exactly what I saw from your trades yesterday

It is difficult for all of us, but aslo a must, to recognize the brackets as soon as posible to not go into this kind of trades into it....

There is also another thing... when we are waiting for a FCR we should wait for a well formed one.... let it to fully develop.... to put our money in real good opportunities even when they can turn into fakeouts, of course, we never know.... but we have to invest our money and our pips, instead of spent it... lol

If we wait patiently to the FCR's, 123's , BB's, really unfold, we are investing in those entries...... so they worth our tries....

Hope it helps...
  • #12,054
  • Dec 1, 2009 6:05am Dec 1, 2009 6:05am
Quoting jplo
That is exactly what I saw from your trades yesterday

It is difficult for all of us, but aslo a must, to recognize the brackets as soon as posible to not go into this kind of trades into it....

There is also another thing... when we are waiting for a FCR we should wait for a well formed one.... let it to fully develop.... to put our money in real good opportunities even when they can turn into fakeouts, of course, we never know.... but we have to invest our money and our pips, instead of spent it... lol

If we wait patiently to the FCR's, 123's...

I get you my friend.

Look for the correction formations , therefore investment. Also I need not fear entering, as FX would say you got to be in it to win it.
  • #12,055
  • Dec 1, 2009 6:06am Dec 1, 2009 6:06am
Out at BE. Fair enough. Thank you guys, even with FX not being here nice lessons we have today.
You wont survive without preserving!!!
  • #12,056
  • Dec 1, 2009 6:11am Dec 1, 2009 6:11am
Quoting DesertFX
I get you my friend.

Look for the correction formations , therefore investment. Also I need not fear entering, as FX would say you got to be in it to win it.
that's it......
  • #12,057
  • Dec 1, 2009 6:13am Dec 1, 2009 6:13am
Quoting coronajazz
Out at BE. Fair enough. Thank you guys, even with FX not being here nice lessons we have today.
Believe me, FX is the Master Teacher. I am just a student that has been more time around...
  • #12,058
  • Dec 1, 2009 6:17am Dec 1, 2009 6:17am
Quoting elizo
Guys...

nothing against your entries but... did you notice that we are in the middle of a range?

My orders, long @ 86, short @ 54

In the middle, it could work or you may face the baby choppy monster... but you must recognize the patterns and understand that this is a risky one.

Remember: your resources are your capital and your time. Invest them properly. Don't waste them on lower probability entries. I faced a fake down and a fake up. 2 entries to define the bracket. I just paid my money to recognise it; now, why should I pay more inside it?...
This is the only reason I don't recommend to trade the system II at this time of the day...

The system II need momentum in order to be effective. At 7:14 AM EST I assure you, momentum is dry.....clerks are punching orders..

The forex market is active 24 hours a day 5 days a week......but that doesn't mean you can trade any time you want. Unless you're a range trader and still you need to be away from volatility.
Peace
  • #12,059
  • Dec 1, 2009 6:20am Dec 1, 2009 6:20am
Quoting feb2865
This is the only reason I don't recommend to trade the system II at this time of the day...

The system II need momentum in order to be effective. At 7:14 AM EST I assure you, momentum is dry.....clerks are punching orders..

The forex market is active 24 hours a day 5 days a week......but that doesn't mean you can trade any time you want. Unless you're a range trader and still you need to be away from volatility.
Morning big FEB...

Thanks for the nice advise...
  • #12,060
  • Dec 1, 2009 6:26am Dec 1, 2009 6:26am
Quoting jplo
That is exactly what I saw from your trades yesterday

It is difficult for all of us, but aslo a must, to recognize the brackets as soon as posible to not go into this kind of trades into it....

There is also another thing... when we are waiting for a FCR we should wait for a well formed one.... let it to fully develop.... to put our money in real good opportunities even when they can turn into fakeouts, of course, we never know.... but we have to invest our money and our pips, instead of spent it... lol

If we wait patiently to the FCR's, 123's...
Thank you, bro, for your help and your comments...

I really have to be more careful and not trade set ups in the middle of range market (bracket set up for us).... and wait for the market goes some way (up or down) from bracket (BB set up) and catch it right then! And not to take set ups into brackets, even if they look good.... Wait for market going some way.... Right?

Yestarday it did kick me very.... but.. no worries - we are going forward!!!!
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