The System II (Yes with irony)

Sorry Elizo. It's not an indicator. I just drew lines there for illustration purposes how I am seeing the waves. If you think that it is misleading other people then I will delete all my posts.

Peace
B

Thanks for your prompt response. No, it's not necessary to delete them in my opinion, but it should be great if you could post your charts naked from now onwards. I think we all would appreciate.

Opps! I think I was too prompt. Lol! I have just deleted all my charts before I saw your post. Anyway it may mislead other people that it's an indicator so I will post completely naked charts from now on. I can assure you that I trade totally naked without indicators because I really do think they are a crutch.

Cheers.
B

Waiting to see if my trade will trigger.

Hi Bakuli,
nice catch with the asian session runner and a great job with sticking to the plan.. you should have banked a very nice amount, i hope. once you get afew more runners under your belt you will feel even more comfortable and it will look like no noise.. ur feel for the 5m chart grows and your confidence to the roof.. well done my friend.
your looking for feed back and here is what i see you can improve on:
pay attention to the most recent PA.. after all we are trading noise and things change quickly so lookin at a few hours ago's of LL/HH are useless.. the quicker we get in for testing the market by one of our valid setups the better.. it will lead to better trade managment and being in the driverseat with just little bit of price move in yourside.. you will be easily in a low risk or zero risk of hunthing the runner, that is a powerful postion to be.. this the whole purpose of my FCR.. if you gonna test why not test it early!!! hence that our expectation is just testing and we are ok to lose a pre set amount based on our defensive plays. fakeouts will happen to any entery for any type of trade and trader.. whether it is us with fcr and quick 123 or the guys taking shots at 1hr,4hr, daily, mo, yr, decades.. lol.. so the point is if you gonna get a fakeout why not take the earlies shot so you can fall into driverseat even if it was noise move or if it goes the other way you can play your IF and Then.. after afew of this cat and mouse (if market is acting sissy) then most likly you will fall into one runner.. if not on the same maybe the next day or day after.. but i can't be never i assure you of that.. i hope it makes sense.

now.. regarding the lines.. as long as they are not some constructed indi's and your depending on your naked eye but just sometimes for better vision, its is fine.. watch my chart sometimes if you will, and all you would see is two horizontal lines.. the Green lines are my fcr for break of long and RED lines for break of short.. i draw them as soon as one is fully formed the loopy kind of shape a ( V or U ).. and if price comes back to it for a reversal trade then i obviuosly I take a shot at it and if does not and goes up/down (when trending) and forms the next one i intend to erase the previous ones for the purpose of not crowding my chart.. it is important that your chart looks clean.. bcz we watch the damn thing all day long and less lines are better for eyes and leads to less brain cramp and less FCR hallucination.. lol. (mac's word)..

i hope it helps you out

Good morning everyone,

Bakuli,

Are you still in? How did you manage that spike 2 hours ago?

Short @ 4404 on BB

Trade just triggered. Playing defence #1 with this one.

Hi Fmarcia,

My short was taken out at 4429 where I had placed my SL. I did a reverse trade (fcr) at the same level but exited with a -3 although I was playing #1 for defence (I was too slow with the finger, lol!)

Anyway I am back in with my bracket trade at 4403.

Peace
B

Thanks again. Very nice on you.

Thanks for the details.

Hi Fmarcia,

My trades so far from early asia session.

OUTSTANDING JOB.

Thanks for the feedback FXA. Very much appreciated. I know I am still very green with this style of trading but I am starting to get the feel for it, thanks to your guidance.

Cheers,
B.

allright.. nice 30piper drop... now, we are witnessing a retrace here.. it is a very normal action.. the big gun sharks took there millions of the table and triggered the herd.. and the herd are panicing and getting out either with some minimal profit or saving there ass from bottom picing...
you wanna be a winner? separate yourself from the herd.. play the plan.. you plan has got you in early with a BB setup... your in the driverseat.. put your sl 5pips above the LV (level line) and watch them kick the hell out of eachother then after some retrace time most likely you will see the price to resume back to the bear direction it may break the LL or not.. but you will keep your options open..

for some reason i can not pull up a chart.. but this is very self explanitory..
lets see what happens now.. hence that i been wrong manytimes before and i lose alot.. lol.. and i ain't predicting anything... just some market psychy stuff. take it for whats it worth.

+1

I would like to be as insomniac as you are

Thanks Elizo and also thanks to the power of this thread !

Sorry FXA. Is the level line (LV) you mentioned in your post the trigger line ie where the trade was triggered ? Just want to be clear on it. I have my SL above at 4430 (27 pips risk)

Thanks,
B

It's just my computer switched on... ask my electricity bill

there u you...
I am waiting for a reaction to LV... lets see what happens..

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