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The System (Irony included) 1,175 replies

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The System II (Yes with irony)

  • #12,981
  • Jan 7, 2010 9:16am Jan 7, 2010 9:16am
Guys if you post a current trade,
please don't forget to give another post, about the result.
By that way, we can learn our way ahead together.
Looses or win about the current trade, what's the different ?
But if you can manage to get better and better, that's a different.

You never know , if some one want to give advice,
which will improve your way of trading
  • #12,982
  • Edited 10:01am Jan 7, 2010 9:20am | Edited 10:01am
hm .. What do you think ?


trigered 14 mins after ...
my opinion is that sell trend is accelerating, hope my opinion will be true.

stop loss
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  • #12,983
  • Jan 7, 2010 9:26am Jan 7, 2010 9:26am
Quoting rtx
hm .. What do you think ?
just usual level test, not special.
I will do that too
  • #12,984
  • Jan 7, 2010 9:35am Jan 7, 2010 9:35am
Quoting rtx
hm .. What do you think ?

i think - a good 123s set up.... I am ready to sell here.
  • #12,985
  • Jan 7, 2010 9:38am Jan 7, 2010 9:38am
Well guys... i am done for the day.... because.....

here in Ukraine we have Merry Christmas today.....

So - excuse me - but I have to go to dinner-table to celebrate.

Good trades to everyone!!!!!

...and - Merry Christmas!!!!

PS. My system is on... I will be here from time to time....
  • #12,986
  • Jan 7, 2010 9:59am Jan 7, 2010 9:59am
Quoting SedonaPipper
Just to have a little fun - I give TIPTOP an A for his prediction - all that was missing was a definition of a "little time."

I wish i could predict the market like some people..


i used to predict the market too.. and i was quite good actually..

but thats before i started making major withdrawls..
  • #12,987
  • Jan 7, 2010 10:00am Jan 7, 2010 10:00am
Quoting rtx
hm .. What do you think ?


trigered 14 mins after ...
my opinion is that sell trend is accelerating, hope my opinion will be true.
Thanks rtx.didn't we get a higher high previous?shoudn't we be looking more to the long side,break of 1.4352?
  • #12,988
  • Edited 10:43am Jan 7, 2010 10:26am | Edited 10:43am
Quoting podgy
Thanks rtx.didn't we get a higher high previous?shoudn't we be looking more to the long side,break of 1.4352?
yea youre right, but HH was not strong enough for me accept it like trend reversing, because if you connect highs at 4447bid and 4440bid then that high was below trendline so that was reason why i prefered short

right now im stoped out like i wrote in post, but i dint enter buy at 4331bid because of lack of volatility, and looks like im off for today, cause low volatility means i dont want to trade.

But my opinion is sell trend during night with possible retrace back to 4351bid, maybe with lower low below 4298bid, if it breaks 4351 above during night. .. i will trade buys tomorow, but of course all depends on current market conditions, and my skills are not so good so dont take it like trading idea : )))


edit:
it breaks below on this picture, but i was stopped out on previous sell and im out of market for today, but maybe tomorow i try to wait for similar false break, where i would be stopped out again, but i wont enter 1st break, and enter 2nd break similar to this now, and i would save 1 stop loss, i noticed that this situation occures very often .. maybe experienced traders could give a advice
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  • #12,989
  • Jan 7, 2010 10:50am Jan 7, 2010 10:50am
Thanks again rtx your helping me, making more sense
  • #12,990
  • Jan 7, 2010 11:04am Jan 7, 2010 11:04am
It's my second day of real trading. Yesterday was all tears and blood for me. Today is a no-day. Good news! I'm making progress!

And I learn every min. Especially with masters like fxachilies, dim4ik42 and their live comments.

Thank you, guys.

Merry Christmas, Dim.

See you all tomorrow.
  • #12,991
  • Jan 7, 2010 12:53pm Jan 7, 2010 12:53pm
Quoting fmarcia
It's my second day of real trading. Yesterday was all tears and blood for me. Today is a no-day. Good news! I'm making progress!

And I learn every min. Especially with masters like fxachilies, dim4ik42 and their live comments.

Thank you, guys.

Merry Christmas, Dim.

See you all tomorrow.
Thank you, brother!
Good luck to you too!
  • #12,992
  • Edited 1:05pm Jan 7, 2010 12:55pm | Edited 1:05pm
I have read 100+ pages of this thread and begun practising.

I have a question related to "limit orders". Why not use stop orders? Limit orders can only be placed once price has passed the swing high/low, so could potential lead to missed entry. Is this correct? Any help would be greatly appreciated.

I also found the 1-2-3 indicator that seems to help identify swings. I have attached it although it may already be in this thread, I am in the process of reading it all.

Thank you to all those who have contributed and I hope in time I can contribute.
Attached File(s)
File Type: mq4 1-2-3 Pattern MTF v3.1.mq4   22 KB | 894 downloads
  • #12,993
  • Jan 7, 2010 2:12pm Jan 7, 2010 2:12pm
Quoting gangsta1
I have read 100+ pages of this thread and begun practising.

I have a question related to "limit orders". Why not use stop orders? Limit orders can only be placed once price has passed the swing high/low, so could potential lead to missed entry. Is this correct? Any help would be greatly appreciated.

I also found the 1-2-3 indicator that seems to help identify swings. I have attached it although it may already be in this thread, I am in the process of reading it all.

Thank you to all those who have contributed and I hope in time I can...
I think you misunderstood something. I do not remember anywhere on the thread someone used limit orders for entry. For entry we do use stop orders, 3 pips + the spread from the HH or LL.

Best trades wont pull back to the qualified entry, once they passed through it.
You wont survive without preserving!!!
  • #12,994
  • Jan 7, 2010 2:38pm Jan 7, 2010 2:38pm
Quoting coronajazz
I think you misunderstood something. I do not remember anywhere on the thread someone used limit orders for entry. For entry we do use stop orders, 3 pips + the spread from the HH or LL.

Best trades wont pull back to the qualified entry, once they passed through it.
The OP stated in one the first few posts
"yes always use limit orders...no matter what"
  • #12,995
  • Jan 7, 2010 3:06pm Jan 7, 2010 3:06pm
Gangsta, please point me to the post (link or something), so we can clear this out. I am pretty positive that entering on limit orders was never mentioned (at least as a part of the plan) on this thread.
You wont survive without preserving!!!
  • #12,996
  • Jan 7, 2010 3:46pm Jan 7, 2010 3:46pm
Quoting feb2865
ah...don't worry about it man....It's cool..

Just don't quit. Take the next one.


I believe it takes time to understand the simplicity of trading like this. Once you get it going, it's automatic....boring LOL

yes always use limit orders...no matter what
There you go.
  • #12,997
  • Jan 7, 2010 3:49pm Jan 7, 2010 3:49pm
Quoting gangsta1
I have read 100+ pages of this thread and begun practising.

I have a question related to "limit orders". Why not use stop orders? Limit orders can only be placed once price has passed the swing high/low, so could potential lead to missed entry. Is this correct? Any help would be greatly appreciated.

I also found the 1-2-3 indicator that seems to help identify swings. I have attached it although it may already be in this thread, I am in the process of reading it all.

Thank you to all those who have contributed and I hope in time I can contribute....
Limit Order:
An order placed with a brokerage to buy or sell a set number of shares at a specified price or better.
Depending on the direction of the position, limit orders are sometimes referred to more specifically as a buy limit order, or a sell limit order.

In simple you will just set order (buy or sell) in direction of swing.
Also please here we dont use any indicator... I am also still in learning phase... and one more advise which I got from my great teacher... read the whole thread first.
  • #12,998
  • Jan 7, 2010 4:30pm Jan 7, 2010 4:30pm
Gangsta !

I saw the post from Feb. It is a little bit misleading because of the word "limit" used by member Pervaz in his question, and then used again by Feb in his reply. The conversation is on page 20.The thing is that Feb is advocating to always use PENDING ORDERS instead of going market. It is clear that the kind of order they are talking about is a stop order and not a limit order. It is just a words game. Besides on the same page there is great post by member Skyline explaining different pending order types and how to use them.

We are breakout traders. We always buy or sell with the price, not against it, therefore we cant use limit orders. .
You wont survive without preserving!!!
  • #12,999
  • Jan 7, 2010 8:08pm Jan 7, 2010 8:08pm
Quoting gangsta1
I have read 100+ pages of this thread and begun practising.

I have a question related to "limit orders". Why not use stop orders? Limit orders can only be placed once price has passed the swing high/low, so could potential lead to missed entry. Is this correct? Any help would be greatly appreciated.

I also found the 1-2-3 indicator that seems to help identify swings. I have attached it although it may already be in this thread, I am in the process of reading it all.

Thank you to all those who have contributed and I hope in time I can contribute....
Thanks for the file sharing, mind to share how to use it?
  • #13,000
  • Jan 8, 2010 1:43am Jan 8, 2010 1:43am
good morning all,

as you can see e/u making nice choppy market, this is very similar to last 4- 5 non farm days, i wont trade until nfp almost for sure.

All of you who would like to trade please keep in mind market can be low volatile and no-trend until nfp release. So be careful with your decisions.

Have a nice day
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