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The System II (Yes with irony)

  • #13,881
  • Jan 21, 2010 8:14pm Jan 21, 2010 8:14pm
Still holding,
I move sl to b/e.
If price moved down, and bounched up,
before this 1 st hurdle passed, I will apply #1.
  • #13,882
  • Jan 21, 2010 8:27pm Jan 21, 2010 8:27pm
Quoting Musanto
Still holding,
I move sl to b/e.
If price moved down, and bounched up,
before this 1 st hurdle passed, I will apply #1.
Same here. Just waiting for a fcr to form, then will move SL 3 pips below it. In the meantime I am at BE too.
  • #13,883
  • Jan 21, 2010 8:50pm Jan 21, 2010 8:50pm
Moved SL to fcr @4121. 14 pips locked in and risk free trade to look for that runner.
  • #13,884
  • Jan 21, 2010 8:55pm Jan 21, 2010 8:55pm
Quoting Bakuli
Same here. Just waiting for a fcr to form, then will move SL 3 pips below it. In the meantime I am at BE too.
I'm out at 31, +16
  • #13,885
  • Edited 9:23pm Jan 21, 2010 9:09pm | Edited 9:23pm
Quoting Musanto
I'm out at 31, +16
Congrats on your +16 but may I ask why you closed that trade early? I am still in because I am in the hunt for runners (it can happen any time and this could be the one, who knows?). I don't mind leaving some on the table hunting for the runners. Anyway, to each their own. I am sure you have your rationale for that action. Was it LH's?

Cheers
B
  • #13,886
  • Jan 21, 2010 9:22pm Jan 21, 2010 9:22pm
Quoting Bakuli
Congrats on your +16 but may I ask why you closed that trade early? I am still in because I am in the hunt for runners (it can happen any time and this could be the one, who knows?). I don't mind leaving some on the table hunting for the runners. Anyway, to each their own. I am sure you have your rationale for that action.

Cheers
B
I'm not proud about this +16.
My reasoning is this,
I see the price since yesterday,
when it could not pass the first hurdle,
the max price I can get is only by apply #1

If some how I can get back to the trade above 1 st hurdle
(fcr, BB) I will but not below.
  • #13,887
  • Jan 21, 2010 9:24pm Jan 21, 2010 9:24pm
In on short side off fcr. Previous trade losed +14
  • #13,888
  • Jan 21, 2010 9:26pm Jan 21, 2010 9:26pm
Short now at 20
  • #13,889
  • Jan 21, 2010 9:43pm Jan 21, 2010 9:43pm
Quoting Musanto
I'm not proud about this +16.
My reasoning is this,
I see the price since yesterday,
when it could not pass the first hurdle,
the max price I can get is only by apply #1

If some how I can get back to the trade above 1 st hurdle
(fcr, BB) I will but not below.
Thanks for the feedback. It's all good to discuss, that way we learn from one another. What I have found working very well for me is, once the trade progresses to the point where they form a fcr and where I can lock in some profit, I would place my SL there as well as my buy/sell stop. So it's like a stop and reverse. Of course I won't do it at the start of the break when the battle is going on at the LV.
  • #13,890
  • Jan 21, 2010 9:56pm Jan 21, 2010 9:56pm
Quoting Bakuli
Thanks for the feedback. It's all good to discuss, that way we learn from one another. What I have found working very well for me is, once the trade progresses to the point where they form a fcr and where I can lock in some profit, I would place my SL there as well as my buy/sell stop. So it's like a stop and reverse. Of course I won't do it at the start of the break when the battle is going on at the LV.
Thank's to you my friend,
I'm the one is too gratefull to be here.
still holding, ready to fight at the level line
The mental stop is very usefull here
  • #13,891
  • Jan 21, 2010 10:04pm Jan 21, 2010 10:04pm
Quoting Musanto
Thank's to you my friend,
I'm the one is too gratefull to be here.
still holding, ready to fight at the level line
The mental stop is very usefull here
Battle at LV starting to hot up now. This when it starts to play tricks on your mind. We just stay strong and apply defensive plays. OK, I better concentrate on the task at hand. Fight well!
  • #13,892
  • Jan 21, 2010 10:25pm Jan 21, 2010 10:25pm
Musanto, I see a fcr1 @ 27 (30). They seem to be bunching up - wonder if chop monster is around, lol.
  • #13,893
  • Jan 21, 2010 10:27pm Jan 21, 2010 10:27pm
Quoting Bakuli
Battle at LV starting to hot up now. This when it starts to play tricks on your mind. We just stay strong and apply defensive plays. OK, I better concentrate on the task at hand. Fight well!
Lost
reason: I got to go, give in for -2
I'm royally screwed huh ? (awesome word , cited from Ms Bubola)
see you later
  • #13,894
  • Jan 21, 2010 10:31pm Jan 21, 2010 10:31pm
Quoting Bakuli
Musanto, I see a fcr1 @ 27 (30). They seem to be bunching up - wonder if chop monster is around, lol.
Market stall , maybe edge of europe open.
Test my friend need to test it,
don't let the market play with ur mind.
But I give in my self, ahhh ...

Nice trading with you Bakuli,
I see you later
  • #13,895
  • Jan 21, 2010 10:36pm Jan 21, 2010 10:36pm
Closed for -3. Reason Rejection of LL.
  • #13,896
  • Jan 21, 2010 10:38pm Jan 21, 2010 10:38pm
Quoting Musanto
Market stall , maybe edge of europe open.
Test my friend need to test it,
don't let the market play with ur mind.
But I give in my self, ahhh ...

Nice trading with you Bakuli,
I see you later
Ahhh..I gave in too but with defensive play..to preserve and fight another battle for that elusive runner.
  • #13,897
  • Jan 22, 2010 12:23am Jan 22, 2010 12:23am
Good morning, evening Fxa bro & gang ! All ready to rumble! Lol !
  • #13,898
  • Edited 1:14am Jan 22, 2010 12:43am | Edited 1:14am
Go on, get up there you %%%%%%%%%!!! We want a baaaaammmmmmmm!

Edit...no baaammmmm! Trade stopped out for -8
  • #13,899
  • Jan 22, 2010 1:14am Jan 22, 2010 1:14am
Quoting Musanto

Focus on performance rather in profit, like elizo's tag, like it
Morning all,

there you go, baby, there you go

Let's work, boys and girls!
  • #13,900
  • Jan 22, 2010 1:25am Jan 22, 2010 1:25am
Baaaammmmmmmm coming soon (I hope ! lol)
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