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The System III (Oh no!)

  • #221
  • Mar 11, 2010 8:12am Mar 11, 2010 8:12am
Quoting feb2865
I believe in the universe and everything you give you'll get in return...one way or another....

thanks for the waqrm words.
i also truly believe what you mentioned, otherwise the live would be a waiste of time

good kama to all of us

MJ
  • #222
  • Mar 11, 2010 8:16am Mar 11, 2010 8:16am
Quoting feb2865
The observation is good. But in my case I would take the first rejection back when you have the first arrow.....now I don't see a defined level on the front...it could work on the way short but is not clear....
In this case, when level is not clear, then should I come out of trade and wait for the the price to show its real hand ( rejection of level or break out of level and pull back) ... or just to remain in short and see the market may be it will work... if not.. then just close it and look for other side.. what is better approch?
  • #223
  • Mar 11, 2010 8:26am Mar 11, 2010 8:26am
Quoting 786 trading
In this case, when level is not clear, then should I come out of trade and wait for the the price to show its real hand ( rejection of level or break out of level and pull back) ... or just to remain in short and see the market may be it will work... if not.. then just close it and look for other side.. what is better approch?
if you're in a trade already...you need to deal with it. Just let the market do whatever...really this is where you play the odds...Two things will happen.

1) will get stopped - lesson learned.....and don't worry 'cause you have the risk in check....

2) WOW!! i got profit...but that's just out of luck...really....next time..... be careful...


Guys this is exactly what I want you to do, like 786 is doing....show me the trades......don't ask me if this is a good time to trade of if is a possible trade coming ...how the hell I know???It's your call......

Get yourself on the mud!!!!!
Peace
  • #224
  • Mar 11, 2010 8:29am Mar 11, 2010 8:29am
3620 area is been holding support for close to 24 hours......keep and eye on that in case the market breaks that level of support....short...
Peace
  • #225
  • Mar 11, 2010 8:32am Mar 11, 2010 8:32am
This has been a good week to play ping pong......still the market has been kinda slow in my opinion....

Reminder - if the market breaks out a level, is healthy to wait for a pullback - that way you'll minimize fake outs.....
Peace
  • #226
  • Mar 11, 2010 8:36am Mar 11, 2010 8:36am
AHHH

if that support is broken...can anyone tell me where a sensible target should be???
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Peace
  • #227
  • Mar 11, 2010 8:42am Mar 11, 2010 8:42am
Quoting feb2865
AHHH

if that support is broken...can anyone tell me where a sensible target should be???
I think it should be 1.3560
  • #228
  • Mar 11, 2010 8:46am Mar 11, 2010 8:46am
Quoting 786 trading
I think it should be 1.3560
nice!!

but make sure you don't get exactly at the turning point ...you could get the market turning higher than 36.....I'll bail out around 45 just to be sure....
Peace
  • #229
  • Mar 11, 2010 8:54am Mar 11, 2010 8:54am
Quoting feb2865
AHHH

if that support is broken...can anyone tell me where a sensible target should be???
feb..as for me i think 1.3604 and 1.3583.. i might be take partial profit at 1.3604.
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  • #230
  • Mar 11, 2010 9:14am Mar 11, 2010 9:14am
support is holding....interesting...
Peace
  • #231
  • Mar 11, 2010 9:20am Mar 11, 2010 9:20am
Quoting feb2865
support is holding....interesting...

Between 3620 and 3690 there's not much to do!
Unless scalping little movement!
I'm right?
I just believe in... Peace and good Karma!
  • #232
  • Mar 11, 2010 9:23am Mar 11, 2010 9:23am
Quoting jalp
Between 3620 and 3690 there's not much to do!
Unless scalping little movement!
I'm right?

That's how I see it...not much to do...
Peace
  • #233
  • Mar 11, 2010 9:27am Mar 11, 2010 9:27am
Quoting jalp
Between 3620 and 3690 there's not much to do!
Unless scalping little movement!
I'm right?
Yeah, still needs to break out of this asian trading range
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  • #234
  • Mar 11, 2010 9:52am Mar 11, 2010 9:52am
I made quick 20 pips in the morning in the USD/CHF purely from this strategy.

I am planning to go long above 3690 for the target of 3725-30...

Reasons behind it:

1) Price has been rejected 3 times from 3690 level (in fact 4 times but 4th time, it reversed from near 3680.

2) next resistance is 3730 and then 3760 in the recent past.

Am I on the right track or missing something??
Attached Image (click to enlarge)
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  • #235
  • Mar 11, 2010 10:29am Mar 11, 2010 10:29am
Quoting forex_fan
I made quick 20 pips in the morning in the USD/CHF purely from this strategy.

I am planning to go long above 3690 for the target of 3725-30...

Reasons behind it:

1) Price has been rejected 3 times from 3690 level (in fact 4 times but 4th time, it reversed from near 3680.

2) next resistance is 3730 and then 3760 in the recent past.

Am I on the right track or missing something??
Peace
  • #236
  • Mar 11, 2010 11:16am Mar 11, 2010 11:16am
Hey all!

I thought this S/R indicator might be helpful for this "system"
It is very sophisticated.

http://www.forexfactory.com/showthread.php?t=204276
  • #237
  • Mar 11, 2010 11:41am Mar 11, 2010 11:41am
congrats, one time again...
  • #238
  • Mar 11, 2010 11:41am Mar 11, 2010 11:41am
So TS III can be used for scalping also. No need to go down to 5 minutes. Interesting.
  • #239
  • Mar 11, 2010 12:24pm Mar 11, 2010 12:24pm
Quoting tghfbt8
So TS III can be used for scalping also. No need to go down to 5 minutes. Interesting.

who's talking about scalping???
Peace
  • #240
  • Mar 11, 2010 12:27pm Mar 11, 2010 12:27pm
3690 is holding''''mmm let's see...will the market break the ceiling???

will it bounce off???


hahahahahaaha!!!

ultimately, play what you see...I'll rather sit on my hands for now..
Peace
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