I'm glad to see some people still using the method.
I am going for a short trip in a few minutes. As soon as I will show you.
The System II (Yes with irony)
I don't remember the last time I wrote here but who cares.
I feel lonely tonight. About 10 years ago I went to my first trading event like the ones promoting the brokers providing you the platform/service and so on, you know. There were a lot of traders and only few of them recognized as champions. A lot of people, idiot like me looking at them. They did some live trading in the morning session but they were not in same room. So , I enjoyed entering all the rooms (about 6 champions ... about 6 rooms if I remember well). Ok, everybody was saying a different thing because each one was in a different room. For example, one was saying "Today it's too boring, don't have a chance to place even an order", another "I'm doing money today. See ! all the fuc.ing others guys they closed too much early their position. Look!". Another one was saying "today the karma is not making me feel better, the planets are not with me". What a bunch of assholes!
But then among them there was one who put me in zazen mode. He said "I have 50% probability to win or to loose at this game without providing any added value by my own..." but actually I think I'm able to provide some added value.
That simple thing changed my attitude about trading. Do you think I'm an idiot ? May be but I believe in this thing even if I loose from time to time and I learned a lot here (ie. The added value I was talking about).
Sorry to bother you with this useless stuff.
Keep up the good work and believing in what you learnt in this thread !
Umbro
I feel lonely tonight. About 10 years ago I went to my first trading event like the ones promoting the brokers providing you the platform/service and so on, you know. There were a lot of traders and only few of them recognized as champions. A lot of people, idiot like me looking at them. They did some live trading in the morning session but they were not in same room. So , I enjoyed entering all the rooms (about 6 champions ... about 6 rooms if I remember well). Ok, everybody was saying a different thing because each one was in a different room. For example, one was saying "Today it's too boring, don't have a chance to place even an order", another "I'm doing money today. See ! all the fuc.ing others guys they closed too much early their position. Look!". Another one was saying "today the karma is not making me feel better, the planets are not with me". What a bunch of assholes!
But then among them there was one who put me in zazen mode. He said "I have 50% probability to win or to loose at this game without providing any added value by my own..." but actually I think I'm able to provide some added value.
That simple thing changed my attitude about trading. Do you think I'm an idiot ? May be but I believe in this thing even if I loose from time to time and I learned a lot here (ie. The added value I was talking about).
Sorry to bother you with this useless stuff.
Keep up the good work and believing in what you learnt in this thread !
Umbro
- #15,466
- Sep 1, 2010 7:30am Sep 1, 2010 7:30am
- | Joined Jul 2007 | Status: Learner | 1,363 Posts
Hi Bakuli,
I think I will entry trade too after I see a perfect swing.
Not see it right now, still waiting.
Well my short was triggered and it bounced back right away. I managed to close it for a -11. I would normally have given it another shot at the new LV2788 but as I am busy with other things right now, I will give it a miss.
Yes, I do agree that my set up at that time did not show a perfect swing but I do take shots like that for an early entry. Overall it serves me well as long as I let the winners run when I get the breaks.
Bak
- #15,467
- Sep 1, 2010 7:47am Sep 1, 2010 7:47am
Hi Musanto,
Well my short was triggered and it bounced back right away. I managed to close it for a -11. I would normally have given it another shot at the new LV2788 but as I am busy with other things right now, I will give it a miss.
Yes, I do agree that my set up at that time did not show a perfect swing but I do take shots like that for an early entry. Overall it serves me well as long as I let the winners run when I get the breaks.
Bak
I'm not succeed doing this way,
too many crazy loosing streak
.For me, find a new swing after price move 70+ pips, is safer.
Nice talk with you again, thank you.
Post some chart often brother,
I'll post mine.
- #15,469
- Sep 1, 2010 4:48pm Sep 1, 2010 4:48pm
i missed the run in the morning. then i shorted.
Let's start the thread alive again guys.
This is an awesome way of trading.
Bakuli, Umbro, Don, or any one ,
I hope someone will start the forum again.
My english is very bad, but I can post a chart.
Feb's, technic is so creative and rich of way to trade it profitable
.It's depend on how we understand and screen time .
By this way we can take benefit from each together.
- #15,474
- Edited 1:08am Sep 2, 2010 12:29am | Edited 1:08am
- | Joined Jul 2007 | Status: Learner | 1,363 Posts
- #15,479
- Sep 2, 2010 1:43am Sep 2, 2010 1:43am
Hi Musanto,
Yah I am too fast and aggressive in my entries. I had a re-entry at LV 96 but withdrew it as I thought it was too choppy. I will look for a manual entry on a retrace back to the breakout point but this is not in line with the strategy here so I won't do a chart for it.
see the day range is only 30 pips since asia session,
till your first entry
I use the swing 30-50 to see if the market gonna move or just ranging.
The startegy here is only swing pull back and retrace.
Sometimes need to mix with something to make it sharper.
Cheers
