To make an omelet you have to break a few eggs so breathe and be happy
The System II (Yes with irony)
- #15,612
- Sep 10, 2010 10:15am Sep 10, 2010 10:15am
- | Joined Jul 2007 | Status: Learner | 1,363 Posts
Market 2 (-16.5 & - 16.3)
Popeye 0
Done for today and have a good weekend.
Pop
I was looking at your last two charts and can't see any resemblance to how we trade the method here. We are looking to trade breakouts from the 123 set-ups and from brackets after a period of consolidation. I am not sure if you are trading a different method here and would appreciate a reply to clear up any confusion. Many thanks.
Bak
- #15,614
- Sep 10, 2010 10:54am Sep 10, 2010 10:54am
- | Joined Jul 2007 | Status: Learner | 1,363 Posts
I bileve he is doing a FCR based style, which i can relate to
Bak
- #15,615
- Sep 10, 2010 11:37am Sep 10, 2010 11:37am
Thanks Ogna. Well I am not too sure if I would call that a fcr ( a revesal set-up). It looks more like a continuation set-up to me as it's selling into the prevailing downtrend in the 5 mins TF. A FCR to me would be a set-up to the long side. I have attached a chart to show what I mean. The first fcr with a buy stop at 2712 (off lv 2707) was not triggered. A new buy stop would be placed at 2714 (off lv 2709) and that was triggered. Just how I view and trade the set-ups. But to each their own, as long as it works for you.
Bak
- #15,616
- Sep 10, 2010 11:46am Sep 10, 2010 11:46am
- | Additional Username | Joined Sep 2010 | 14 Posts
Hi Popeye,
I was looking at your last two charts and can't see any resemblance to how we trade the method here. We are looking to trade breakouts from the 123 set-ups and from brackets after a period of consolidation. I am not sure if you are trading a different method here and would appreciate a reply to clear up any confusion. Many thanks.
Bak
but is your trades and charts so much based on this thread!!.. with crutches such as MA and fractals.
feb and fxa never preached indies, but they did say alot about naked eye trading, the main purpose of this whole thread.
anyhow, i wish you luck and success.
- #15,618
- Sep 10, 2010 12:31pm Sep 10, 2010 12:31pm
- | Joined Jul 2007 | Status: Learner | 1,363 Posts
forgive me sir..
but is your trades and charts so much based on this thread!!.. with crutches such as MA and fractals.
feb and fxa never preached indies, but they did say alot about naked eye trading, the main purpose of this whole thread.
anyhow, i wish you luck and success.
I do trade the core method here but yes I do have my own little adaptions to it and try to make it my own. Yes the fractals are there (sometimes not) and I sometimes use it as a visual aid for me to draw waves (you can call that another crutch) to trade off the pivots. As for the ema's, I have it there for another method I am monitoring and do not use it at all for the method here. If I may say so, I believe Feb provided us with the frame work and we have to adapt it to our own style and interpretation (as long as we don't steer away too much from the core of the method here). Even Fxa used the framework provided by Feb to make it his own and started his own FCR thread. I have been practcing system2 and FCR long enough to know what works for me. I was a member of the BR from the start till recently and I am glad that I have been able to adapt what I have learnt (the good and bad points) into a viable trading method for me. .
Thank you for your well wishes.
Bak
Hi Maverick,
I do trade the core method here but yes I do have my own little adaptions to it and try to make it my own. Yes the fractals are there (sometimes not) and I sometimes use it as a visual aid for me to draw waves (you can call that another crutch) to trade off the pivots. As for the ema's, I have it there for another method I am monitoring and do not use it at all for the method here. If I may say so, I believe Feb provided us with the frame work and we have to adapt it to our own style and interpretation (as long as we don't steer away...
nice signature.. must have been life changing..
