The System II (Yes with irony) | Page 644 | 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)

  • #12,861
  • Jan 3, 2010 6:43pm Jan 3, 2010 6:43pm
Short order trigered @ 1.4311
Now moved SL to HL at 1.4319 above next Level.
Watching the level and baby sitting my baby-trade
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  • #12,862
  • Jan 3, 2010 7:07pm Jan 3, 2010 7:07pm
Quoting 786 trading
Short order trigered @ 1.4311
Now moved SL to HL at 1.4319 above next Level.
Watching the level and baby sitting my baby-trade
SL move to 1.4295 --- watching next level @ 1.4266
  • #12,863
  • Jan 3, 2010 7:14pm Jan 3, 2010 7:14pm
Quoting 786 trading
SL move to 1.4295 --- watching next level @ 1.4266
Next level to watch:
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  • #12,864
  • Jan 3, 2010 7:22pm Jan 3, 2010 7:22pm
Quoting gangsta1
If the market makes a move 30-40 pips up and we wait for the pullback before going long at the high of the up move - and get out for 10+ pips. Could we then wait for another pullback and re-enter on the high of that next move?

If this can be done would the next move be counted from the very start of the overall move, or where the pullback occured?

Hope someone understads what I am getting at and can help me! I just made my first trade with the system and made 10+ pips!

I have attached my first trade that was a winner. What I want to know is...
Entries are just way to test the market. You will not hesitate to pull the triger.

Please read at least 50 pages and then this post:
http://www.forexfactory.com/showpost...postcount=4734
  • #12,865
  • Jan 3, 2010 7:38pm Jan 3, 2010 7:38pm
Quoting 786 trading
Next level to watch:
Close my short... will come on London session.

Good luck for all.
  • #12,866
  • Jan 4, 2010 12:27am Jan 4, 2010 12:27am
Good Mrng All,

Just went short at 1.4296 ... waiting to see if fake out or semi fakeout.
  • #12,867
  • Jan 4, 2010 12:35am Jan 4, 2010 12:35am
Quoting DesertFX
Good Mrng All,

Just went short at 1.4296 ... waiting to see if fake out or semi fakeout.

First hurdle at 1.4287.
  • #12,868
  • Jan 4, 2010 12:44am Jan 4, 2010 12:44am
Quoting DesertFX
First hurdle at 1.4287.
Stop at 1.42975 ... around the FCR.
  • #12,869
  • Jan 4, 2010 12:48am Jan 4, 2010 12:48am
Quoting DesertFX
First hurdle at 1.4287.

Just broken first hurdle ... and we are in excess of 15 pips from entry ... therefore will play #1.
  • #12,870
  • Jan 4, 2010 1:00am Jan 4, 2010 1:00am
Quoting DesertFX
Just broken first hurdle ... and we are in excess of 15 pips from entry ... therefore will play #1.

Poor price action so far .... still playing #1 .... dont mind giving up these 15 pips ... have my stop just above FCR at 1.42975 .... just stopped out.
  • #12,871
  • Jan 4, 2010 3:36am Jan 4, 2010 3:36am
the new week of new year begins with a very nice runner in London session... my entry was above level 4325... still hold after 1 hurdel..... wait to play #1.

Hope guys you did catch it too!!!


Good luck to all, my friends!!!!
  • #12,872
  • Jan 4, 2010 3:47am Jan 4, 2010 3:47am
Quoting dim4ik42
the new week of new year begins with a very nice runner in London session... my entry was above level 4325... still hold after 1 hurdel..... wait to play #1.

Hope guys you did catch it too!!!


Good luck to all, my friends!!!!
Good Morning to all,
Missed that runner...waiting for next entry.

Good trade for all.
  • #12,873
  • Jan 4, 2010 4:02am Jan 4, 2010 4:02am
Quoting dim4ik42
the new week of new year begins with a very nice runner in London session... my entry was above level 4325... still hold after 1 hurdel..... wait to play #1.

Hope guys you did catch it too!!!


Good luck to all, my friends!!!!
Nice one dim!

I,m also in 4328 and playing #1

Have just moved stop to lock +40

Happy New Year everyone
  • #12,874
  • Jan 4, 2010 4:06am Jan 4, 2010 4:06am
Quoting dim4ik42
the new week of new year begins with a very nice runner in London session... my entry was above level 4325... still hold after 1 hurdel..... wait to play #1.

Hope guys you did catch it too!!!


Good luck to all, my friends!!!!
Ah! What a nice runner !!!!!!!!!!!!!!!!!!!
  • #12,875
  • Jan 4, 2010 4:11am Jan 4, 2010 4:11am
Quoting dim4ik42
Ah! What a nice runner !!!!!!!!!!!!!!!!!!!
Hi Dim

Just wondering if your are protecting any of this with round number approaching or are you sticking to #1 play ?

thanks

Chris
  • #12,876
  • Jan 4, 2010 4:23am Jan 4, 2010 4:23am
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Have moved stop to red line and will play #1 with any further moves north
  • #12,877
  • Jan 4, 2010 4:27am Jan 4, 2010 4:27am
Quoting Stoffer
Hi Dim

Just wondering if your are protecting any of this with round number approaching or are you sticking to #1 play ?

thanks

Chris
I did move my hard stop loss based on fcr's (levels, fractals). This was my hard stop. If price would act funny or would change speed to downside - I would bail out immediately. So - bail out and hard-stop - are some different stuffs. As I did see that price did break new highs easy - I did not bail out of this trade. I did bail out at 4389 at down-candel right after up-candel with tail.

Hope - I answer your question. If not - just ask me.

Good luck!
  • #12,878
  • Jan 4, 2010 4:45am Jan 4, 2010 4:45am
Quoting dim4ik42
I did move my hard stop loss based on fcr's (levels, fractals). This was my hard stop. If price would act funny or would change speed to downside - I would bail out immediately. So - bail out and hard-stop - are some different stuffs. As I did see that price did break new highs easy - I did not bail out of this trade. I did bail out at 4389 at down-candel right after up-candel with tail.

Hope - I answer your question. If not - just ask me.

Good luck!
I want just to add to myself, that this trade was one of the best examples how #1 works...... I did catch the most part of up-move!
  • #12,879
  • Jan 4, 2010 4:53am Jan 4, 2010 4:53am
out on #1 play @ 1.4379 for +50

The struggle I have now is -

1. quit for the day with + 50

2. wait for new york open for new momentum and new trades

3. take every fcr break

???

thanks

Chris
  • #12,880
  • Jan 4, 2010 5:07am Jan 4, 2010 5:07am
Quoting Stoffer
out on #1 play @ 1.4379 for +50

The struggle I have now is -

1. quit for the day with + 50

2. wait for new york open for new momentum and new trades

3. take every fcr break

???

thanks

Chris

Quit for day. or you could lower your lot size?
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