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The System II (Yes with irony)

  • #12,061
  • Dec 1, 2009 6:36am Dec 1, 2009 6:36am
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.

Good day, Dear Feb!!!!

I get it, but, do you mean that system II is good only at NY session????

What I want to say is - now I have in Europe 14:30 pm. So - London session is already open for long time. Does this session doesn't fit fot trading system II??? So, it will be more better choice to wait every day for NYsession open and go ahead?

Don't europen clerks punching orders for London session???

Thank you!!!!! Very appreciate Your comments!!!!!
  • #12,062
  • Dec 1, 2009 6:36am Dec 1, 2009 6:36am
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.
Hi FEB... how do you feel today?
  • #12,063
  • Dec 1, 2009 6:51am Dec 1, 2009 6:51am
Quoting elizo
Hi FEB... how do you feel today?
I feel good.....my arm is buggin' but not gonna die any time soon .


Dim, New York/London overlap is good - 1/2 hour after London, when the stock market opens - 9:30 AM EST - this is not like you're gonna trade on that very exact hour.....just that these times are when normally - usually volatility increases...
Peace
  • #12,064
  • Dec 1, 2009 6:53am Dec 1, 2009 6:53am
Quoting feb2865
I feel good.....my arm is buggin' but not gonna die any time soon .
Happy to hear that! And good morning to you!
You wont survive without preserving!!!
  • #12,065
  • Dec 1, 2009 6:57am Dec 1, 2009 6:57am
Quoting feb2865
I feel good.....my arm is buggin' but not gonna die any time soon .


Dim, New York/London overlap is good - 1/2 hour after London, when the stock market opens - 9:30 AM EST - this is not like you're gonna trade on that very exact hour.....just that these times are when normally - usually volatility increases...

Understood ... so basically Asia/London (i.e. 7am - 10am London) then NYK/Ldn 2.30 - 5.30pm London?
  • #12,066
  • Dec 1, 2009 6:59am Dec 1, 2009 6:59am
Quoting DesertFX
Understood ... so basically Asia/London (i.e. 7am - 10am London) then NYK/Ldn 2.30 - 5.30pm London?
It's just an indication. Market could move at any time, but mostly from 7 am London even till 9 pm London. NY afternoon session has been quite active lately. You have to bear in mind that equities in NY shut down at 9 pm London time, so market is pretty active up to that hour.
  • #12,067
  • Dec 1, 2009 7:03am Dec 1, 2009 7:03am
Quoting coronajazz
Happy to hear that! And good morning to you!
Hey thanks man!!!

Listen guys, you can't trade any possible FCR available. You need to be picky about it......don't rush yourself into trading. Remember, you must keep an eye on the bottom line. There's a time to hold and there's a time to fold....

Pick a right time to trade - don't jump yourself in the bus if you have not made a clear assessment first. If the market is choppy, better to stay put
Peace
  • #12,068
  • Dec 1, 2009 7:05am Dec 1, 2009 7:05am
Quoting elizo
It's just an indication. Market could move at any time, but mostly from 7 am London even till 9 pm London. NY afternoon session has been quite active lately. You have to bear in mind that equities in NY shut down at 9 pm London time, so market is pretty active up to that hour.

Cheers Bro.
  • #12,069
  • Dec 1, 2009 7:05am Dec 1, 2009 7:05am
Feb!

I am glancing through different charts (old habbit, cant help it) and I notice. Last two weeks system 2 would of perfectly worked on indexes,DJIA and S&P, 5 min, much sharper moves then EURUSD, much less fakeouts. On hindsight of course

Is it just coincidence (chaos working), or is the nature of the instruments.

I am not trying to alter the course of the thread, nor will I try to trade anything else for the time being. Just curious???
You wont survive without preserving!!!
  • #12,070
  • Dec 1, 2009 7:10am Dec 1, 2009 7:10am
Quoting coronajazz
Feb!

I am glancing through different charts (old habbit, cant help it) and I notice. Last two weeks system 2 would of perfectly worked on indexes,DJIA and S&P, 5 min, much sharper moves then EURUSD, much less fakeouts. On hindsight of course

Is it just coincidence (chaos working), or is the nature of the instruments.

I am not trying to alter the course of the thread, nor will I try to trade anything else for the time being. Just curious???
That is part of the market cycle - like a year ago the dow was shooting 60-100 points ranges - completely untradable on the mini's. At least for people with limited capital.

Don't be surprise if E/U gets very directional (trendy) now on December....heads up....
Peace
  • #12,071
  • Dec 1, 2009 7:12am Dec 1, 2009 7:12am
Quoting feb2865
I feel good.....my arm is buggin' but not gonna die any time soon .


Dim, New York/London overlap is good - 1/2 hour after London, when the stock market opens - 9:30 AM EST - this is not like you're gonna trade on that very exact hour.....just that these times are when normally - usually volatility increases...
Thank you for your quick and careful answer!!!!

I wish you good health... The Best Health!!!! You can not even imagine how helpful are your advices for us!!!!

Thank You!!!!!
  • #12,072
  • Dec 1, 2009 7:14am Dec 1, 2009 7:14am
Quoting feb2865
That is part of the market cycle - like a year ago the dow was shooting 60-100 points ranges - completely untradable on the mini's. At least for people with limited capital.

Don't be surprise if E/U gets very directional (trendy) now on December....heads up....
Thanks!

An answer that I hoped I would hear!

Nothing wrong with the old "EURO"
You wont survive without preserving!!!
  • #12,073
  • Dec 1, 2009 7:16am Dec 1, 2009 7:16am
I know some guys trading the system II by Dec - 2008 that made a fortune - I can't guarantee we're gonna have the same this year but it's highly probably, especially if gold keep on 1k range....
Peace
  • #12,074
  • Dec 1, 2009 7:21am Dec 1, 2009 7:21am
Quoting feb2865
I know some guys trading the system II by Dec - 2008 that made a fortune - I can't guarantee we're gonna have the same this year but it's highly probably, especially if gold keep on 1k range....
I wish this beast going like crazy in any direction....

We will be here to try to take all the juicy from it....

The month is just beginnig now...
  • #12,075
  • Dec 1, 2009 7:24am Dec 1, 2009 7:24am
Long at 1.50865. Playing #2g
  • #12,076
  • Dec 1, 2009 7:24am Dec 1, 2009 7:24am
Long triggered at 86...

BB so 2G+
  • #12,077
  • Dec 1, 2009 7:25am Dec 1, 2009 7:25am
I own three small retail shops (food stores) in my hometown, which is basicaly what I make a living from at the moment. I live in a tourist town so the bussines is exploding during few months of the summer season. When the autumn comes, it stalls a little bit, covering only the expences and then works better again around new year. This is the market cycle (I think), only in real bussineses the cycles are more predictable.

So if we manage to cover our expenses during hard times, and make money on good times, we have a good system, covering market cycles at its best.

Quoting feb2865
I know some guys trading the system II by Dec - 2008 that made a fortune - I can't guarantee we're gonna have the same this year but it's highly probably, especially if gold keep on 1k range....
You wont survive without preserving!!!
  • #12,078
  • Dec 1, 2009 7:27am Dec 1, 2009 7:27am
Quoting jplo
Long triggered at 86...

BB so 2G+
Of course
You wont survive without preserving!!!
  • #12,079
  • Dec 1, 2009 7:31am Dec 1, 2009 7:31am
Quoting DesertFX
Long at 1.50865. Playing #2g
Testing the first hurdle now around 1.5094
  • #12,080
  • Dec 1, 2009 7:32am Dec 1, 2009 7:32am
Quoting DesertFX
Testing the first hurdle now around 1.5094
Large failure so far
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