The System II (Yes with irony)

yes D.. the quickest one i can get..
atm we are witnessing a bit of first sign of weakness.. but need for the dust to settle.. nothing good yet

lol... this is not what i have in mind for taking the pull.. one straight shoot down and one up.. fooget abow d it.. lol

i,m sorry but i can't see anything.it looks empty for me , i think it,s not visible for junior members so do me a favor just send it to me az pvt or whatever. thanks buddy

BB break@ 4014, #2G+

Playing #1 sc1 now after a nice quick drop to 3989. Retracing at time of post.

Chart for BB break

You still in this one?? Looking good now!

Still holding out. Not Preserving yet, going for that runner but it sure is tough on the mind when you see so much profit given back in the retracements. This is the mind set practice I need. I have real money on the line here and I am feeling every bit of the retracement. Have more than my usual load on this one too so feeling it double !

Yes I am still in but it sure is tough holding out from taking profit. But I am going to persevere and hold out. I have a good feeling about this trade as I can see no support till around 3850 (By the way we don't use past S/R but I couldn't help it and had a sneaky look at the daily, lol)

Anyone else in on the break ?

Good luck!
I wasn't here for early entry... only got in at 3988..
Stop at BE...prepared to give it all back...

PS..thanks for all the charts and questions last couple of weeks! I can't follow charts all the time, but pop in more than I should(addict!) and it's good to follow you guys being in it live.. It's great to have FXA answering and helping the whole time...he's unbelievable!

Thats ok!

As long as you dont use "the sneachastic"

Lol !

On a serious note, I have never been one for indicators. Tried it for a very short while but could never really understand them. Was using S/R, trendlines most of the time so it was easy for me to make the transistion to the style of trading here.

It's getting mighty close to it !

Come on ! Drop you %%%%%%%%%!!!

Im hanging on...moved stop to my LV which was at 3992....

Looking the other way now, nice little 123 shaping up hopefully

Autopsy of a good trade turned bad.

I am now out of my short trade from 4014. My SL was finally taken out at BE after all the fear, hoping & praying!!! Sounds familiar, doesn't it ? Well, Mr Market just don't care about all the hope and prayers you throw at it. It will do what it wants to do!

Ok, the purpose of this post is to highlight my mistakes, as a self reminder and also to help you guys from not doing the same.

My mistakes....
I did not move my SL to above the fcr formed @ 3980 (3983). That would have saved me going through all the emotional stuff now and would have banked me +31 pips.
I should then have gone on to the longside with the fcr, which would put me in a nice position now, instead of sweating it out, hoping and praying!

I got married to my trade because I let the myself be influenced by factors not related to what the PA is doing right now!!! I looked at past SR from way back which influenced me to predict that price has still a lot more room to go down to the next support line in the daily. This is not in keeping to the trading style here and it affected my PA reading. I should have been dancing the latest dance with the market, going by what the PA is dictating now instead of looking at old dance steps! Nobody can predict the market and I made the mistake of thinking I could with this trade.

I hope my experience above will prevent anyone reading this from repeating it. Fxa put up a very good structure/plan here, based on his hard earned experience. It's there for a reason and it's exactly to stop us from falling into situations like what I went through. I guess I too have to go through that journey to feel that pain and emotional roller coater to learn to STICK TO THE PLAN!

Hi Skris,

Just read your post. The correct entry should have been lower down at the fcr. Of course you can still get in off the 123 continuation set-up but it carries a higher risk as price already moved quite a fair bit. Nothing to say that it won't carry on to the moon but just saying that the risk is greater when getting on the bus later. It's always better to get in at the earliest set-up possible, which would be the fcr @ 3980(3983) And if you miss the bus, then best to just wait for the next one i.e. wait for the current run to get exhausted and get in on a fcr or to wait for a long period of consolidation and get in on a BB set-up. These are all bits that I have picked up from Fxa and the seniors.

Hope it helps.

Bakuli

I hear ya Bakuli, thanks for your post too, was asleep when the 3980 fcr was in play so thought i'd just try my luck anyhoo, and am now out for -7, so no biggie, trigger finger ready for next trade now!

There is a fcr forming now if you are watching.