The System II (Yes with irony) | Page 632 | Forex Factory

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We all need pivots to win..yes or not? 13 replies

The System (Irony included) 1,175 replies

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The System II (Yes with irony)

  • #12,621
  • Dec 14, 2009 5:21am Dec 14, 2009 5:21am
stop moved 1.4639
  • #12,622
  • Dec 14, 2009 5:25am Dec 14, 2009 5:25am
Quoting Stoffer
now short 1.4644 max loss 0.5% with stop on last resistance 1.4675
Short as well, @4642. I will play #2G+ on this one.
  • #12,623
  • Dec 14, 2009 5:26am Dec 14, 2009 5:26am
when this get stopped will wait for nyopen for more momentum hopefully
  • #12,624
  • Dec 14, 2009 5:26am Dec 14, 2009 5:26am
Good morning to all,

Just wanted to express my joy to see this exchange of ideas and caring going on this morning...that is what "family" is all about.

Good luck to all.
Unus pro omnibus, omnes pro uno
  • #12,625
  • Dec 14, 2009 5:38am Dec 14, 2009 5:38am
stop moved back to fcr 1.4644 onto next hurdle and next #1 play
  • #12,626
  • Dec 14, 2009 5:43am Dec 14, 2009 5:43am
Ok guys,

Those of you that are still short...... and you are 20+ pips in profit need to start to apply your own discretion... the IF and THEN question is alive and well...your psychological makeup and unique circumstances come into play.....personally, I would be sticking to the plan but I would not let this turn into a break even trade....."to each its own".

Good luck
Unus pro omnibus, omnes pro uno
  • #12,627
  • Dec 14, 2009 5:50am Dec 14, 2009 5:50am
Quoting moneda
Ok guys,

Those of you that are still short...... and you are 20+ pips in profit need to start to apply your own discretion... the IF and THEN question is alive and well...your psychological makeup and unique circumstances come into play.....personally, I would be sticking to the plan but I would not let this turn into a break even trade....."to each its own".

Good luck
thanks moneda and yes i am trailing now
  • #12,628
  • Dec 14, 2009 5:53am Dec 14, 2009 5:53am
out now so virtually be for day after 2 tests, will return for nyo in 1hour
  • #12,629
  • Dec 14, 2009 6:06am Dec 14, 2009 6:06am
Thanks for your words, Moneda.

I moved my stop to 4640 as the price will draw an bullish FCR1 at this level.
  • #12,630
  • Dec 14, 2009 6:17am Dec 14, 2009 6:17am
Good morning guys..

If you could do me a favor and post some charts explaining your trades...occasionally ...doesn't have to be all the time...just for the benefit of the family, I think it will help others to visualize trades and to learn from each other...
Peace
  • #12,631
  • Dec 14, 2009 6:30am Dec 14, 2009 6:30am
Quoting feb2865
Good morning guys..

If you could do me a favor and post some charts explaining your trades...occasionally ...doesn't have to be all the time...just for the benefit of the family, I think it will help others to visualize trades and to learn from each other...
This is very important.

When I read the thread I had to skip through live trades (aclaiming entries and exits) that were not supported by charts. We are ok with it know since we all look at our charts, but think about people that will read the thread one or two months from now, they wont have much benefit of it.
You wont survive without preserving!!!
  • #12,632
  • Dec 14, 2009 6:39am Dec 14, 2009 6:39am
I've had 2 trades on the Euro thus far, one before london open, was a BB entry, played 2G, lost -12pips (first blue box). Second trade was a nice 123S, out of the bracket, low and behold it was another fakeout, -12 pips. Had a winner with the AUD this arvo, so only down -13 for the day. Now waiting for a bit more direction from NY.

Another thing i've been struggling with is how to deal when we 're-approach' the bracket, such as it looks like where doing now, if there is a valid FCR just before the bracket do we take it, and hope we shoot straight through the chop monster etc.

Thanks
Attached Image (click to enlarge)
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  • #12,633
  • Dec 14, 2009 6:46am Dec 14, 2009 6:46am
Quoting skris
I've had 2 trades on the Euro thus far, one before london open, was a BB entry, played 2G, lost -12pips (first blue box). Second trade was a nice 123S, out of the bracket, low and behold it was another fakeout, -12 pips. Had a winner with the AUD this arvo, so only down -13 for the day. Now waiting for a bit more direction from NY.

Another thing i've been struggling with is how to deal when we 're-approach' the bracket, such as it looks like where doing now, if there is a valid FCR just before the bracket do we take it, and hope we shoot straight...
Thanks Skris for posting your charts..

Just remember guys - the last couple of hours before NY open are normally choppy...always keep an eye on that....
Peace
  • #12,634
  • Dec 14, 2009 6:46am Dec 14, 2009 6:46am
Quoting feb2865
Good morning guys..

If you could do me a favor and post some charts explaining your trades...occasionally ...doesn't have to be all the time...just for the benefit of the family, I think it will help others to visualize trades and to learn from each other...
So, let's go:
Attached Image (click to enlarge)
Click to Enlarge Name: 20091214a.png Size: 30 KB


My analysis: I did not consider the whole swing in my exit strategy but only my entry point. I should have play #1 instead of #2G+ (so easy once done).
  • #12,635
  • Dec 14, 2009 6:48am Dec 14, 2009 6:48am
Quoting coronajazz
This is very important.

When I read the thread I had to skip through live trades (aclaiming entries and exits) that were not supported by charts. We are ok with it know since we all look at our charts, but think about people that will read the thread one or two months from now, they wont have much benefit of it.
Hi, Coronajazz,

I second this. I read the whole thread twice and realized how valuable are graphs.
  • #12,636
  • Dec 14, 2009 6:52am Dec 14, 2009 6:52am
Quoting fmarcia
So, let's go:
Attachment

My analysis: I did not consider the whole swing in my exit strategy but only my entry point. I should have play #1 instead of #2G+ (so easy once done).
This is a healthy practice - post your charts and comments even if you get screwed up...we all get screwed including myself....so don't be afraid to speak up.....
Peace
  • #12,637
  • Dec 14, 2009 6:59am Dec 14, 2009 6:59am
Quoting feb2865
This is a healthy practice - post your charts and comments even if you get screwed up...we all get screwed including myself....so don't be afraid to speak up.....
OK, I'll do that. Thank you.
  • #12,638
  • Dec 14, 2009 7:30am Dec 14, 2009 7:30am
In short now, 1.4631, not a nice looking candle at all.
  • #12,639
  • Dec 14, 2009 7:34am Dec 14, 2009 7:34am
sorry to be a pain, just testing graph, is this ok? ( my next trade aswell)

Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 22 KB
  • #12,640
  • Dec 14, 2009 7:35am Dec 14, 2009 7:35am
on my side the day looks slow.....but Monday gives surprises so stay put....who knows....wall street opens in 1 hour....that's a another rush....
Peace
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