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The System II (Yes with irony)

  • #13,301
  • Jan 15, 2010 4:34am Jan 15, 2010 4:34am
Quoting bubola
i got in at break of higher FCR, as soon as i closed the long, so now i'm in a position of playing #1. hope it's correct!!!
Bubola,

Your trade is a good example of what FXA explained to us about getting in to catch the reversal early. I should have noticed that FCR but I am a bit slow this morning as I haven't been to sleep yet (been up most of the night watching Asia session, lol).

regards,
B
  • #13,302
  • Jan 15, 2010 4:36am Jan 15, 2010 4:36am
Quoting Bakuli
Bubola,

Your trade is a good example of what FXA explained to us about getting in to catch the reversal early. I should have noticed that FCR but I am a bit slow this morning as I haven't been to sleep yet (been up most of the night watching Asia session, lol).

regards,
B
one of the first lessons i learned in a 24hrs market, is that YOU MUST GET YOUR SLEEP at one point.
  • #13,303
  • Jan 15, 2010 4:38am Jan 15, 2010 4:38am
Quoting bubola
one of the first lessons i learned in a 24hrs market, is that YOU MUST GET YOUR SLEEP at one point.
Yes, I do understand that. I only just got back to the UK from the far east a few days ago and my body clock is upside down.
  • #13,304
  • Jan 15, 2010 4:40am Jan 15, 2010 4:40am
Good morning guys....

What an awful morning untill now....
Asian traders have betryed us dropping so nicely our baby.... LOL

I've been cut on the short after London open and on the long 123 as well...

Currently short off the FCR at 4402, but looking like a hawk what price does on the previos LL area....

Let's see if it goes down....
  • #13,305
  • Jan 15, 2010 4:41am Jan 15, 2010 4:41am
Anyone else on this short trade ? If yes, would appreciate your rationale. What you did right or wrong. Best way for us all to learn.
  • #13,306
  • Jan 15, 2010 4:45am Jan 15, 2010 4:45am
Quoting jplo
Good morning guys....

What an awful morning untill now....
Asian traders have betryed us dropping so nicely our baby.... LOL

I've been cut on the short after London open and on the long 123 as well...

Currently short off the FCR at 4402, but looking like a hawk what price does on the previos LL area....

Let's see if it goes down....
Morning Jplo,

I am in at 4399, 3 pips below fcr at 4402. Is it the same with you or are you actually in at 4402. Trying to make sure I am setting my orders right.

Regards,
B
  • #13,307
  • Jan 15, 2010 4:50am Jan 15, 2010 4:50am
Quoting Bakuli
Morning Jplo,

I am in at 4399, 3 pips below fcr at 4402. Is it the same with you or are you actually in at 4402. Trying to make sure I am setting my orders right.

Regards,
B
same than you 99 is my entry

It is faling to break down strong and make a LL so I won't let it go on me too far away, my SL is at BE now above that mini-FCR at 94.....

If it takes me out is ok

I'm seeing this more like a consolidating range between 4377 and 4428 than anything else, but I'll keep my options open only in case....

It is only MHO
  • #13,308
  • Jan 15, 2010 4:54am Jan 15, 2010 4:54am
Quoting jplo
same than you 99 is my entry

It is faling to break down strong and make a LL so I won't let it go on me too far away, my SL is at BE now.....

If it takes me out is ok
Gracias Jplo. I have moved my stop to 10 pips above my entry level, so worst case scenario -10 for this trade while having the opportunity to get a runner.
  • #13,309
  • Jan 15, 2010 4:55am Jan 15, 2010 4:55am
c'mon, you big mf, don't pull any sissy tricks on us!! "feb's recipe"
  • #13,310
  • Jan 15, 2010 4:57am Jan 15, 2010 4:57am
Quoting bubola
c'mon, you big mf, don't pull any sissy tricks on us!! "feb's recipe"
Yes, get that attitude in Bubola ! Lol !!!
  • #13,311
  • Jan 15, 2010 5:01am Jan 15, 2010 5:01am
Quoting Bakuli
Gracias Jplo. I have moved my stop to 10 pips above my entry level, so worst case scenario -10 for this trade while having the opportunity to get a runner.
There we go, it is testing the LL now... let's see.......
  • #13,312
  • Jan 15, 2010 5:02am Jan 15, 2010 5:02am
Trade update.
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  • #13,313
  • Jan 15, 2010 5:05am Jan 15, 2010 5:05am
Quoting bubola
c'mon, you big mf, don't pull any sissy tricks on us!! "feb's recipe"
Bubola, I think that did the trick. You have kicked the market into our direction. Lets see if it can pass the LL, as Jplo pointed out.
  • #13,314
  • Jan 15, 2010 5:06am Jan 15, 2010 5:06am
Quoting Bakuli
Bubola, I think that did the trick. You have kicked the market into our direction. Lets see if it can pass the LL, as Jplo pointed out.
if that's all it takes, i'm gonna swear all day long...lol
  • #13,315
  • Jan 15, 2010 5:09am Jan 15, 2010 5:09am
Quoting bubola
i got in at break of higher FCR, as soon as i closed the long, so now i'm in a position of playing #1. hope it's correct!!!
perfect enery miss B.. thats it.. spoting weakness with W.B and getting in early with good RR in your corner.. and as u see you are in the driverseat atm..

well done.
  • #13,316
  • Jan 15, 2010 5:14am Jan 15, 2010 5:14am
FXA, I have moved my SL to 4397. Do you condider that too close to the heat of the battle ? That's how I have been managing my trades so far but would appreciate your feedback.

thanks,
B
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  • #13,317
  • Jan 15, 2010 5:14am Jan 15, 2010 5:14am
Quoting Bakuli
Bubola,

I think you are correct and yes, imho, #1 play for your trade. With mine, because I was later, I had to use #2 which require more watching to see how the price is behaving to minimise loss or to allow it to breathe if it looks like breaking free.
no no no Bakuli.. no wait to see what happens here.. your entery is also a fcr2 only at later down the road which it even more risky.. for any fcr2 we must play G+.. since it is our riskiest setup.. at the same time the most profitable one.. alot of long runners come off of it... but some really nasty head fakes aswell.. so better to play a cut throat with it unless in gives u a nice breakaway..
  • #13,318
  • Jan 15, 2010 5:15am Jan 15, 2010 5:15am
Quoting fxachilies
perfect enery miss B.. thats it.. spoting weakness with W.B and getting in early with good RR in your corner.. and as u see you are in the driverseat atm..

well done.
ty fx. now i'm playing B (runner first). my sl is still 1 tick above trigger FCR, -5 from my entry, but i'm trying to pay attention to LL level. but would a break the fcr formed by 11:50 am candle, be enough to change direction so early in the game??? million-dollars question!. sorry, i don't know what W.B is yet.
  • #13,319
  • Jan 15, 2010 5:16am Jan 15, 2010 5:16am
Quoting fxachilies
no no no Bakuli.. no wait to see what happens here.. your entery is also a fcr2 only at later down the road which it even more risky.. for any fcr2 we must play G+.. since it is our riskiest setup.. at the same time the most profitable one.. alot of long runners come off of it... but some really nasty head fakes aswell.. so better to play a cut throat with it unless in gives u a nice breakaway..
OK, thanks for the feed back. Really appreciate it. It's good to cut out the bad habits early while in training ! Thanks again.
  • #13,320
  • Jan 15, 2010 5:20am Jan 15, 2010 5:20am
Quoting bubola
if that's all it takes, i'm gonna swear all day long...lol
now u know why i say all those nice words like %*&%#%*%%^$#.. lol
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