The System III (Oh no!) | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Lusan Journal III 156 replies

Eas under construction III 24 replies

Azzity's Trading Journal III (Azzity's 3/30 Trading Method) 9 replies

forexnoob101's journal - part III 8 replies

Would you trade this system? New system #2. 10 replies

Attachments: The System III (Oh no!)
Exit Attachments

The System III (Oh no!)

  • #261
  • Mar 12, 2010 6:00am Mar 12, 2010 6:00am
Quoting feb2865
A chart for today 3-12-2010
3690 is out of the picture for the moment. I think the price will stick a moment around 3770/3800.

Check the news this morning, always important (sometime there's is a turnover around the corner or a big push. (It's Friday today)
I just believe in... Peace and good Karma!
  • #262
  • Mar 12, 2010 6:08am Mar 12, 2010 6:08am
Quoting jalp
3690 is out of the picture for the moment. I think the price will stick a moment around 3770/3800.

Check the news this morning, always important (sometime there's is a turnover around the corner or a big push. (It's Friday today)
Yes you are right. I see price stalling right now and may be a turnover is shaping who knows. Let's see how the news will come out.
  • #263
  • Mar 12, 2010 8:15am Mar 12, 2010 8:15am
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??
Good Morning Feb sir,

In my trading first time, I'm having success like never before.

If you see the above post, I did exactly the same and price behaved exactly the way I thought.

I thank you very much for giving me a sight to look at charts at completely different horizon.

I don't think any combination of indicators would have been able to foresee that.

I'm still in the trade, however, locked 40 pips with trailing stoploss and the best part is, I had sound good night sleep.

Thanks again & Regards,
  • #264
  • Mar 12, 2010 8:32am Mar 12, 2010 8:32am
Look for the word "HERE" on top...tell me what you see....
Attached Image (click to enlarge)
Click to Enlarge Name: 3-12-2010a.gif Size: 39 KB
Peace
  • #265
  • Mar 12, 2010 8:42am Mar 12, 2010 8:42am
Quoting feb2865
Look for the word "HERE" on top...tell me what you see....
Price reached mid February high level and was rejected.
  • #266
  • Mar 12, 2010 8:42am Mar 12, 2010 8:42am
Quoting feb2865
Look for the word "HERE" on top...tell me what you see....
Price broke the level just 6 pips and retraced, and was consolidating, it means it's preparing for a short entry. the best entry should have been around 75-85
Failure is the mother of success: learn from 'her'
  • #267
  • Mar 12, 2010 8:49am Mar 12, 2010 8:49am
Good....
Peace
  • #268
  • Mar 12, 2010 8:53am Mar 12, 2010 8:53am
My overnight trade while I was sleeping.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 3_12_2010 6_00.PNG Size: 54 KB
  • #269
  • Mar 12, 2010 8:53am Mar 12, 2010 8:53am
Excelent work FEB, thank for your share.

WORNING BLUE ZONE, the sea is strong and the wind is blowing.

Popeye
Attached Image (click to enlarge)
Click to Enlarge Name: euro12mar10.gif Size: 47 KB
To make an omelet you have to break a few eggs so breathe and be happy
  • #270
  • Mar 12, 2010 8:55am Mar 12, 2010 8:55am
Quoting feb2865
Look for the word "HERE" on top...tell me what you see....
Yes Mr Feb

I had a very good week so far. You act as a guideline for me. Your fine touch is very appreciate.

Long life
I just believe in... Peace and good Karma!
  • #271
  • Mar 12, 2010 9:10am Mar 12, 2010 9:10am
ah!! thanks everyone..

well....I won't pull flashy charts or make extensive comments but I think you don't need that anymore...just a few lines, some arrows and you'll get the idea....
Peace
  • #272
  • Mar 12, 2010 9:12am Mar 12, 2010 9:12am
My goal is for you guys to be bored......yawwwn!!!! like me!!!
Peace
  • #273
  • Edited 11:55am Mar 12, 2010 11:10am | Edited 11:55am
Feb, just want to add my appreciation for yet another great thread. This one I especially love because of it's simplicity. Last night I missed the typical head fakes and fakeouts that occur with lower time frame entries and tests to see if maybe "this one" will run.
Also, glad to see you doing well enough to continue with our education. I am most grateful for your love of the game as well as the players. The very best to you.
d
  • #274
  • Mar 12, 2010 2:32pm Mar 12, 2010 2:32pm
Sir Feb

Few questions regarding the S&R lines:

1) Do you draw your S&R on a higher timeframe i.e. Weekly, Daily, 4H or 1H etc before zooming in on the 30mins chart to trade Or do you just based them on what you see on your prefered timeframe of 30 mins

2) If you are drawing them based on your 30mins timeframe then how far back do you go to establish the S&R lines.

3) Do you have a prefered time session to trade i.e. UK opening, UK-US session etc

4) Do you used System III on other pairs beside EU?


Thanks for your time & effort in reading my post


Pip Well
Sylar
"Thinking Heart & Feeling Brain"
  • #275
  • Edited 8:30am Mar 13, 2010 7:01am | Edited 8:30am
Quoting Sylar
Sir Feb

Few questions regarding the S&R lines:

1) Do you draw your S&R on a higher timeframe i.e. Weekly, Daily, 4H or 1H etc before zooming in on the 30mins chart to trade Or do you just based them on what you see on your prefered timeframe of 30 mins

2) If you are drawing them based on your 30mins timeframe then how far back do you go to establish the S&R lines.

3) Do you have a prefered time session to trade i.e. UK opening, UK-US session etc

4) Do you used System III on other pairs beside EU?


Thanks for your time & effort in reading...
3)US session. If I am up by UK session I work both...


4) no

the rest has been already answered in the thread and some of my older posts from other threads.
Peace
  • #276
  • Mar 13, 2010 10:12am Mar 13, 2010 10:12am
Thks Feb for the prompt reply.

Can you or anyone assist or direct to the appropriate page to look for the relevant informations as there are 3 System threads.

Really looking forward to getting up to speed with your trading methodology

Pip Well
Sylar
"Thinking Heart & Feeling Brain"
  • #277
  • Mar 13, 2010 10:23am Mar 13, 2010 10:23am
Quoting Sylar
Thks Feb for the prompt reply.

Can you or anyone assist or direct to the appropriate page to look for the relevant informations as there are 3 System threads.

Really looking forward to getting up to speed with your trading methodology

Pip Well
Sylar
for feks sake......at least make the effort and do your own research. All you have to do is read his threads as he has already intimated to you !
every Saint has a past. Every Sinner has a Future
  • #278
  • Mar 13, 2010 4:55pm Mar 13, 2010 4:55pm
Quoting turnip15
for feks sake......at least make the effort and do your own research. All you have to do is read his threads as he has already intimated to you !

Yes sir
I just believe in... Peace and good Karma!
  • #279
  • Mar 14, 2010 7:54am Mar 14, 2010 7:54am
Quoting mithu
Ohh that is another filter .... i did not know that .... lol
Mithu,

Responding to your private message that is atm inactive.

Mithu,

Sorry for the late response... I was not in the U.S and had no way to connect to the internet. I as many others can identify with your confusion.. The best thing you can do is make a decision on one system and stick to it..... Once you become comfortable with the nuts and bolts of a particular approach ...the rest is much practice and developing the right state of mind. There is no easy way....risking a comfortable amount(less fear/greed), accepting that you will loose and catching a runner early and allowing to run are a good foundation in your path to success as a consistently profitable trader. Notice that I did not say "winner"..you may loose more than win but with proper $$management ..at the end of the month you should be in the positive side of the equation..

Good luck
Unus pro omnibus, omnes pro uno
  • #280
  • Mar 14, 2010 9:34pm Mar 14, 2010 9:34pm
I missed the buss of short. Now watching next level but would wait to break and then pull back for confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 39 KB
0 traders viewing now