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The System III (Oh no!)

  • #401
  • Mar 24, 2010 6:46pm Mar 24, 2010 6:46pm
Quoting feb2865
Losing is the cookie monster of this "systems" ah yeah.....once they lose a couple of times in a run they just run like chickens looking who can save them from drawdown...

Just a side note here - I post my trades, whenever I have the chance....I don't have a magic wand...If I lose, I make it public...big deal!!!!

I am replying publicly to a guy ranting on my via PM - big baby go cry mama or just go try to get hired in wal-mart or something.....It's wrong to vent your frustration on me sweetie!!! I have nothing to do with your bunch of useless...
I'm a better trader since i found your system(irony included) Feb. And I'm not the only one. Don't worry about some stupid post coming from space. Remember you have no obligation for nothing here. Just for your pleasure.
I just believe in... Peace and good Karma!
  • #402
  • Mar 24, 2010 6:54pm Mar 24, 2010 6:54pm
Quoting jalp
I'm a better trader since i found your system(irony included) Feb. And I'm not the only one. Don't worry about some stupid post coming from space. Remember you have no obligation for nothing here. Just for your pleasure.

Thanks jalp! that is encouraging..
Peace
  • #403
  • Mar 25, 2010 12:39am Mar 25, 2010 12:39am
Out of boredom decided to short EURO @3324 based on M30 with small load.
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  • #404
  • Mar 25, 2010 2:39am Mar 25, 2010 2:39am
Quoting tghfbt8
EURO close on Feb 18 was 3489 on Broco feed.
I don't know about Broco feed, I know about FXDD, FXOPEN, and GFT. They all agree, but there is always room for doubt in fx, only I go for what offers the least doubt.
To your success.

Kenn
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #405
  • Mar 25, 2010 2:52am Mar 25, 2010 2:52am
Quoting Dreamliner
May I encourage you to act like a big boy, quit using profanity, and at least pretend to care about someone but yourself? It goes a long way toward creating goodwill. As it is, people just think you're an idiot.
I think good sense is in short supply these days otherwise how could someone who's been around in FF with over a thousand posts to his name add this rubbish to a thread. And he/she wish to be respected. Is this how he accumulated all the posts? I'd rather post nothing than play the fool. I hope it's good riddance to rotten egg.

Kenn
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #406
  • Mar 25, 2010 3:42am Mar 25, 2010 3:42am
With Fx closes ... what day are you closing?

Do you use London midnight (more trading than elsewhere?)

Do you use Eastern or Chicago midnight ... just because?

Or do you use Globex Open time because all the futures contracts open each day at globex open (the afternoon before ) Personally I use the Globex hours but watch London midnight (which is a little later) so that I am aware of how others are seeing the end of the day and any subsequent breakouts.
  • #407
  • Mar 25, 2010 4:51am Mar 25, 2010 4:51am
Quoting kiwi_trader
With Fx closes ... what day are you closing?

Do you use London midnight (more trading than elsewhere?)

Do you use Eastern or Chicago midnight ... just because?

Or do you use Globex Open time because all the futures contracts open each day at globex open (the afternoon before ) Personally I use the Globex hours but watch London midnight (which is a little later) so that I am aware of how others are seeing the end of the day and any subsequent breakouts.
For me personally I take US close to mean the day's close. I have always believed this to be logical since Australia starts the new day as US is closing.
It has been working for me though
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #408
  • Mar 25, 2010 5:37am Mar 25, 2010 5:37am
The waiting game.......
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Peace
  • #409
  • Mar 25, 2010 5:51am Mar 25, 2010 5:51am
Hello to all,

Well...lost 50 on a buy @ 1.3346 my stoploss was @132.96..price rebounded @.3384 ..... Have another buy order above .3460... with a comfortable load and more breathing room.
Unus pro omnibus, omnes pro uno
  • #410
  • Mar 25, 2010 8:08am Mar 25, 2010 8:08am
Quoting moneda
Hello to all,

Well...lost 50 on a buy @ 1.3346 my stoploss was @132.96..price rebounded @.3384 ..... Have another buy order above .3460... with a comfortable load and more breathing room.

Looking for a short opportunity for GBP/USD as well as Eur/USD. Will post here once shorted if equations don't change.

.3460 is very good place to enter buy, little above 3460 sounds more comfortable since 3450 zone can act as a major resistance point and can provide false breakouts.

Thanks & Regards,
  • #411
  • Mar 25, 2010 9:31am Mar 25, 2010 9:31am
Hi feb, I hope you're doing fine, although I'm new here but I've been consistently reading FF forum for 2 years. I usually don't post till now I didn't got a way to make my trading consistently grow months by months. I tried your system II and it's quite working fine, but it's too stressful sometimes. I'm planing to adopt this reversal system III. Thanks for your generosity.

This is my first trade with System III. Currently I'm on this long ride, looks like I'm about to stopped out.
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  • #412
  • Mar 25, 2010 10:00am Mar 25, 2010 10:00am
Quote
Have another buy order above .3460...http://cdn.forexfactory.com/images/s...im/waiting.gif with a comfortable load and more breathing room.
Quote
.3460 is very good place to enter buy, little above 3460 sounds more comfortable since 3450 zone can act as a major resistance point and can provide false breakouts.
Be careful guys 3460 is still right in the middle of this S/R zone. So some 30 pips long spike over there wouldn't be surprise. Everything below at least 3500 looks pretty bearish to me - unless we're looking for some 20p scalp. Anyway there's a real mess above 3450 I hope price will create some clear situation below that level.
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  • #413
  • Mar 25, 2010 10:25am Mar 25, 2010 10:25am
Quoting clov
Be careful guys 3460 is still right in the middle of this S/R zone. So some 30 pips long spike over there wouldn't be surprise. Everything below at least 3500 looks pretty bearish to me - unless we're looking for some 20p scalp. Anyway there's a real mess above 3450 I hope price will create some clear situation below that level.
I would like to see the market busting 3500 before thinking long...shark infested waters...

maybe our dear friends on the floor could help us out - ES look pretty bullish now....

It's all maybe's.....anyway I rather sit on my hands.....although 3460 look pretty tempting
Peace
  • #414
  • Mar 25, 2010 11:01am Mar 25, 2010 11:01am
Quoting feb2865
I would like to see the market busting 3500 before thinking long...shark infested waters...

maybe our dear friends on the floor could help us out - ES look pretty bullish now....

It's all maybe's.....anyway I rather sit on my hands.....although 3460 look pretty tempting
I won't consider long in the nearest term. it might seem a religion with me now but we're heading to 1.3100. retracement will be very minimal for some time now until we move clearly away from 1.3450.
I talk like a dogmatist already

Kenn
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #415
  • Mar 25, 2010 11:09am Mar 25, 2010 11:09am
Quoting forex_fan
Looking for a short opportunity for GBP/USD as well as Eur/USD. Will post here once shorted if equations don't change.

.3460 is very good place to enter buy, little above 3460 sounds more comfortable since 3450 zone can act as a major resistance point and can provide false breakouts.

Thanks & Regards,
GBP/USD shorted at 1.4877 with SL of 1.5007 and target of 1.4760

GBP/USD has some minor support at 1.4780 if anyone considers early exit.

Suggestions are welcome.

Thanks & Regards,
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  • #416
  • Mar 25, 2010 11:19am Mar 25, 2010 11:19am
Watch your back. Trichet and Bernanke speaking at the same time. Possible spike.
I just believe in... Peace and good Karma!
  • #417
  • Mar 25, 2010 11:35am Mar 25, 2010 11:35am
Quoting jalp
Watch your back. Trichet and Bernanke speaking at the same time. Possible spike.
Thanks if that's for me.

I'm no expert but certainly would not avoid all news period, as long as my parameters match.

I have a feeling that even though Greece issue is solved within the EU, it will not give huge confidence to investors.

My bet on GBP is also dependent on upcoming elections which is another uncertainty.

Above are my personal views so all kind of comments are welcome.

Thanks & Regards,
  • #418
  • Mar 25, 2010 11:48am Mar 25, 2010 11:48am
I guys..

I´m new in forex and dont have a lot of experience
my biggest problem is greed , I want everything today I do not want to wait until tomorrow if i can win now do you understand??
I trade in a 5min chart and since I have been trading in a naked chart only whit S/R line and watching the price movement i have been profitable
my advice for all traders is do not what everything today, if you had just had a big earning stop and think again for about 30min until open another trade.
i do not trade intraday so this tips are only for traders like me but this one is for everyone DO NOT BE GREEDY ONE DAY AT THE TIME

nice post feb looking for more info about your work!
  • #419
  • Mar 25, 2010 2:09pm Mar 25, 2010 2:09pm
Quoting Diogo Serra
I guys..

I´m new in forex and dont have a lot of experience
my biggest problem is greed , I want everything today I do not want to wait until tomorrow if i can win now do you understand??
I trade in a 5min chart and since I have been trading in a naked chart only whit S/R line and watching the price movement i have been profitable
my advice for all traders is do not what everything today, if you had just had a big earning stop and think again for about 30min until open another trade.
i do not trade intraday so this tips are only for traders...
I wish I could trade 5 mins but thats just too less time to judge. Anyhow, Greed and fear are said to be the biggest enemies of Good decision in trading.
  • #420
  • Mar 25, 2010 3:36pm Mar 25, 2010 3:36pm
Quoting forex_fan
I wish I could trade 5 mins but thats just too less time to judge. Anyhow, Greed and fear are said to be the biggest enemies of Good decision in trading.
Quoting gangsta1
Plus discipline and emotions - one of the reason I stopped manually trading - I couldnt control either lol!
The secret is to reduce to minimum your load. Never more than 1% of your account. If you put 10% on the table you will miss your target for sure.
I just believe in... Peace and good Karma!
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