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The System III (Oh no!)

  • #141
  • Edited Mar 9, 2010 6:10am Mar 8, 2010 9:26pm | Edited Mar 9, 2010 6:10am
Quoting MJurban
hi Feb,
looking at EURUSD weekly and compare it with GBPUSD , is it not better to trade the pair with more movement like GBPUSD?
1. Is the movement divided by spread greater for GU than EU with your broker?

My broker is currently 1.5p on gu and 0.5p on eu so gu would have to have 3x greater moves to be more efficient for me (this applies if the average trade is reasonably small ((wins+losses)/number) but might be irrelevant here).


2. Does it behave better or worse wrt the System III (how cleanly does it respect the SnR you're choosing to trade)?

3. If you're big, how is the liquidity?
  • #142
  • Mar 8, 2010 10:07pm Mar 8, 2010 10:07pm
Quoting feb2865
what would you do??
or maybe give it a shot?
  • #143
  • Mar 9, 2010 2:33am Mar 9, 2010 2:33am
Quoting 4xfusion
or maybe give it a shot?
4xfusion, this is a system III thread, not a system II. Please post your questions in system II thread.
Failure is the mother of success: learn from 'her'
  • #144
  • Mar 9, 2010 8:06am Mar 9, 2010 8:06am
Thanx Feb for starting System III. It's great.
I actually have been trading this "system" profitably for a long time now,
so I had to read thru the thread to see I'm not missing anything.
And quite frankly I learned more of patience and people management here
than trading system. I like the way you handled some questions.

Keep up the good work. I'll always look in

Kenn
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #145
  • Mar 9, 2010 8:10am Mar 9, 2010 8:10am
Quoting Precap2
Thanx Feb for starting System III. It's great.
I actually have been trading this "system" profitably for a long time now,
so I had to read thru the thread to see I'm not missing anything.
And quite frankly I learned more of patience and people management here
than trading system. I like the way you handled some questions.

Keep up the good work. I'll always look in

Kenn
Always happy to help, Kenn.

Thanks..
Peace
  • #146
  • Mar 9, 2010 8:15am Mar 9, 2010 8:15am
Part of my teachings is forcing people to think.

here's a chart with no words...

make your own conclusions...

explain what happened...

just in case yes I took the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-9-2010.gif Size: 18 KB
Peace
  • #147
  • Mar 9, 2010 8:16am Mar 9, 2010 8:16am
Quoting MJurban
hi Feb,
looking at EURUSD weekly and compare it with GBPUSD , is it not better to trade the pair with more movement like GBPUSD?
why??
Peace
  • #148
  • Mar 9, 2010 10:03am Mar 9, 2010 10:03am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting feb2865
Part of my teachings is forcing people to think.

here's a chart with no words...

make your own conclusions...

explain what happened...

just in case yes I took the trade.
Don't bashh me hard. Hv a lil mercy.
I saw triple bottom.
the 3rd low is higher than the 2nd low.
and you long.....
Shake it off!Lick the Wound,Prey Again!
  • #149
  • Mar 9, 2010 10:22am Mar 9, 2010 10:22am
Quoting Megara
Don't bashh me hard. Hv a lil mercy.
I saw triple bottom.
the 3rd low is higher than the 2nd low.
and you long.....

well....what would you do??
Peace
  • #150
  • Mar 9, 2010 10:31am Mar 9, 2010 10:31am
Another chart..


what should you do???

Edited: I took some of the arrows out.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-10-2010a.gif Size: 18 KB
Peace
  • #151
  • Mar 9, 2010 10:34am Mar 9, 2010 10:34am
http://www.jalpico.com/jalp.jpg
I just believe in... Peace and good Karma!
  • #152
  • Mar 9, 2010 10:36am Mar 9, 2010 10:36am
Quoting jalp
http://www.jalpico.com/jalp.jpg
excellent view!!
Peace
  • #153
  • Mar 9, 2010 10:42am Mar 9, 2010 10:42am
just to give you a hint 3592 area is hot right now...if you're gonna play something wait for the market to reach there and observe......a breakout or a bounce???
Peace
  • #154
  • Mar 9, 2010 2:20pm Mar 9, 2010 2:20pm
Quoting feb2865
just to give you a hint 3592 area is hot right now...if you're gonna play something wait for the market to reach there and observe......a breakout or a bounce???
Feb,

I'd just like to add something to the thread that could be of value but if you don't want it, feel free to ignore it.

I trade pretty similar to what you guys are doing but I also use daily pivots in addition to my own support and resistance levels. I would highly recommend that you guys check them out.

See attached picture. Yellow lines are the pivots, the yellow dotted lines are the mid-levels. The purple line is the 3592 level that you have been following - notice how it's awfully close to that pivot line.
Attached Image
  • #155
  • Mar 9, 2010 7:04pm Mar 9, 2010 7:04pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting feb2865
well....what would you do??
I have answered- long.
Oh no you minus my mark for not answering properly...I try again.Tq
Attached Image (click to enlarge)
Click to Enlarge Name: feb q1.jpg Size: 172 KB
Shake it off!Lick the Wound,Prey Again!
  • #156
  • Mar 9, 2010 7:13pm Mar 9, 2010 7:13pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting feb2865
Another chart..


what should you do???

Edited: I took some of the arrows out.
I try again.
Attached Image (click to enlarge)
Click to Enlarge Name: feb q1.jpg Size: 151 KB
Shake it off!Lick the Wound,Prey Again!
  • #157
  • Mar 9, 2010 7:55pm Mar 9, 2010 7:55pm
What about now? Does it means that 1.3600 level rejecting longs?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 3_9_2010.PNG Size: 62 KB
  • #158
  • Mar 9, 2010 11:05pm Mar 9, 2010 11:05pm
IMHO .... could be wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: iMHO_3-9-2010.GIF Size: 32 KB
  • #159
  • Mar 10, 2010 12:06am Mar 10, 2010 12:06am
Just to illustrate two alternative paths 786 (based on the distance to daily support).

.
Attached Image (click to enlarge)
Click to Enlarge Name: dddd.png Size: 86 KB
  • #160
  • Mar 10, 2010 2:51am Mar 10, 2010 2:51am
Objective accomplished. What's next?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 3_10_2010 9_30.PNG Size: 60 KB
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