The System II (Yes with irony) | Page 702 | 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)

  • #14,021
  • Jan 24, 2010 5:57pm Jan 24, 2010 5:57pm
Short 4151
  • #14,022
  • Jan 24, 2010 5:59pm Jan 24, 2010 5:59pm
above trade off fcr1, #2
  • #14,023
  • Jan 24, 2010 6:09pm Jan 24, 2010 6:09pm
Chart
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  • #14,024
  • Edited 7:36pm Jan 24, 2010 7:07pm | Edited 7:36pm
Moved SL to BE from 4166. Playing #1 once first hurdle crossed.

Edit . Trade taken out for BE. Wash.rinse, repeat.
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  • #14,025
  • Jan 24, 2010 8:04pm Jan 24, 2010 8:04pm
great thread
  • #14,026
  • Edited 8:27pm Jan 24, 2010 8:17pm | Edited 8:27pm
long 4165 fcr2, #2G+

Edit. Trade update - Bailed out -5
  • #14,027
  • Jan 24, 2010 8:30pm Jan 24, 2010 8:30pm
Mr. Chop monster is here ! Have had 3 shots from Asia open Res: -3, BE, -5

Going to call it a night and trade with the boss just before London opens.
  • #14,028
  • Jan 25, 2010 12:01am Jan 25, 2010 12:01am
I have long position at 1.4165 (since 1 hour ago)
Still in the battle field ,
but I will out and reverse at the fcr 1.4155
Any opinion welcome
  • #14,029
  • Jan 25, 2010 12:17am Jan 25, 2010 12:17am
Quoting Musanto
I have long position at 1.4165 (since 1 hour ago)
Still in the battle field ,
but I will out and reverse at the fcr 1.4155
Any opinion welcome
Good morning Musanto, can you please post a chart to show what set-up you used ? Easier for us to see and make a comment on then.

Cheers,
B
  • #14,030
  • Jan 25, 2010 12:25am Jan 25, 2010 12:25am
Quoting Bakuli
Good morning Musanto, can you please post a chart to show what set-up you used ? Easier for us to see and make a comment on then.

Cheers,
B
morning, here
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  • #14,031
  • Jan 25, 2010 12:54am Jan 25, 2010 12:54am
Musanto, my comments on chart. That would be how I would play it if I had taken that set-up. As you know, I took 3 set ups early on and it was telling me "Chop monster!" so I stayed out and did not take that set up you took.
Just my 2 cents.

Cheers

edit - sorry typo on chart the fcr1 should read fcr2
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  • #14,032
  • Jan 25, 2010 12:58am Jan 25, 2010 12:58am
Quoting Musanto
I have long position at 1.4165 (since 1 hour ago)
Still in the battle field ,
but I will out and reverse at the fcr 1.4155
Any opinion welcome
Hi Musanto,
IMHO the trade was taken within a 25 pip bracket that had been running for about 4 hours which makes it very risky. Normally you'd hold off and look for a breakout either side.
  • #14,033
  • Jan 25, 2010 1:00am Jan 25, 2010 1:00am
Mr Choppy monster is here ! Better to stay out and wait for a BB set-up. Unless you are daredevil ! Lol!
  • #14,034
  • Jan 25, 2010 1:14am Jan 25, 2010 1:14am
Quoting Bakuli
Musanto, my comments on chart. That would be how I would play it if I had taken that set-up. As you know, I took 3 set ups early on and it was telling me "Chop monster!" so I stayed out and did not take that set up you took.
Just my 2 cents.
...
Thank you Bakuli.
that's lower high consideration is good.

I'm out from my position
this is now is bracket trading, with the pretty choppy monster
inside the range.
My estimation of the bracket is the last 2 thick red line (see my chart above)
  • #14,035
  • Jan 25, 2010 1:15am Jan 25, 2010 1:15am
My chart. Waiting for BB.
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  • #14,036
  • Jan 25, 2010 1:21am Jan 25, 2010 1:21am
Ok we're in @4149 ! #2G+
  • #14,037
  • Jan 25, 2010 1:23am Jan 25, 2010 1:23am
Quoting ready
Hi Musanto,
IMHO the trade was taken within a 25 pip bracket that had been running for about 4 hours which makes it very risky. Normally you'd hold off and look for a breakout either side.
Thank's Ready
Ok, short now at 1.4148
  • #14,038
  • Jan 25, 2010 1:23am Jan 25, 2010 1:23am
Quoting Bakuli
Ok we're in @4149 ! #2G+
You wont survive without preserving!!!
  • #14,039
  • Jan 25, 2010 1:23am Jan 25, 2010 1:23am
Taken the BB @ 4148.
  • #14,040
  • Jan 25, 2010 1:45am Jan 25, 2010 1:45am
Are we going to get our baaammmmmmm soon? #1 play coming up soon I think as we are near first hurdle (20+)
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