The System II (Yes with irony)

stop moved 1.2698 (small fcr) just incase this is a serious bottom

Took profit early again.
really don't have gut,
How can you stand that ?
enlight me

This is the tricky part for me and most traders i think.

I try to hold on and let the market take me out in trending conditions but go for targets in sideways action.

have moved stop now to 1.2691 to secure 20 pips just in case of big retrace

stop to 1.2682

Good example !

I have tried to manage like yours,
but always regret, to the money left on the table.
Many trades went to +20-30 pips, when I was not took it.
It moved back and hit my sl -5
and gave me a total lost for that day.

With my attitude like this,
I manage to collect +200 pips/month
I'll try again in next trade, who knows, I can increase my monthly

Taken out for +29.

Will try to get in short again but one of my problems is getting back in after decent profit for fear of losing it, i usually end up just watching like yesterday pm.

too heavy load maybe ?
reduce your unit/lot trading.

Thanks i will try that.

I seem to remember Feb saying he was "most agressive on his first 2 trades".

Just wondering if anyone kept far enough out of the heat on this trade and are still in ? looks good for further south


Edit: woops , no more crystal balls.

+50 or +70 pips, is where Fxa took partially take profit,
and let the other run.
Maybe he use a weekly S/R level,
This is a good reading about weekly S/R
http://www.forexfactory.com/showthread.php?t=155431

Okay proper swing,
I'll put stop sell below th fcr (red line), or any next fcr

Long at 99

Are you with me Stoffer ?
I need Black Jhonny walker, ...
just kidding

SL to -5 pips
any body here holding long ?

Didn't take it

This is very encouraging to see that you have good profit with 20 pip TP.

One reason I try to catch runners is I'm still struggling with expectancy about when to move stop so initially i spread my risk over fcr top to bottom and tend to let it take me out, how quickly or for what criteria do you move your stop to -5

thanks

Chris

Hi Musanto,

I am long too but I went in off LV 83, so my entry was at 1.2688. I didn't post it as my entry is more aggressive and carries more risk as I don't wait for a swing of at least 20 pips to develop. I use a hard stop of 20 pips so am still in the trade. My sl is now at BE as the price has gone over +20 at one point. I am now awaiting for a nice V shape to park my sl behind.
As for take profit, I do it in a number of ways. If I feel that it's not a very trendy day (discretion involved here), I would tend to take half off at +20, which presents a 1:1 RR and then move other half to BE. Sometimes I leave the other half at original sl of -20 to allow the trade a bit more breahing space. If taken out, it would still be a net BE trade.
Sometimes I just move the whole load to BE after I reached +20 and then trial it 2 fractals behind. This is more to go after the runners. Often in a run, you get price breaking one fractal before going back to resume the run. So to me, trialing it at least 2 fractals behind allows the chance of catching a decent run.
If you have a run of 100+, you can always locked half at the 50% fib at the end of the trading day and let it run. If it keeps running, one can then start trialing it off the higher timeframes like the 4 hr, again using fractals. That's just one of the ways I do it. Any discussion on TP welcomed.
There is an interesting thread here which is making me review the way I take profit. It's about using low risk entry methods to look for long term positions. Looking for the long tails. Have a read if you have the time, it's well worth it.

http://www.forexfactory.com/showthread.php?t=245149

Nice trading by the way Musanto. I like studying your charts as you trade a bit more "safer" than me.

Ok, have a nice day. I am off to work. Running a bit late today as usual, lol.

Bak

ur welcome

For +20 I move my sl to -5 pips,
I learn from fxa, I don't know the reason.

Right now,
Been 4 months with 200 pips each at minimal.
200 is not too big, only 10 pips/ day for 20 day in a month.
(think about fxa, he can take $1 m in 2 week)