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The System III (Oh no!)

  • #861
  • Oct 1, 2010 7:42am Oct 1, 2010 7:42am
Quoting Precap2
FEB is back. How are you now Captain? The BIGGEST Cowboy Bless ya sir. Been praying that one day you'll visit us again after you said you were taking time off some months ago. We decided to stick with your wisdom here anyway. Thanks for checking on us.

Peace
Thanks Man!!

I am doing alright. Things at home are improving..slowly but we're getting there. Yes I'll be around posting and stuff. I am getting my game back. I will be calling out some trades (winners or losers ) and things will be before the actual trade develops. That way the naysayers won't have a chance of saying I am just trading hindsight. Of course there will be times where I simply have to get on the bus ala quick yo know...

I was looking to get my balance in trading. I wanted to stop scalping (hyper scalping) once for all. Yes it profitable but in my state of health I don't need that kind of stress. I think I found it.

Right now I am waiting for ISM @10.....I will probably put a trade at the other side of the news...not IN the news but after the smoke clears and the market goes the other way around...let's see what happens.
Peace
  • #862
  • Oct 1, 2010 8:03am Oct 1, 2010 8:03am
Quoting feb2865
Thanks Man!!

I am doing alright. Things at home are improving..slowly but we're getting there. Yes I'll be around posting and stuff. I am getting my game back. I will be calling out some trades (winners or losers ) and things will be before the actual trade develops. That way the naysayers won't have a chance of saying I am just trading hindsight. Of course there will be times where I simply have to get on the bus ala quick yo know...

I was looking to get my balance in trading. I wanted to stop scalping (hyper scalping) once for all. Yes it profitable...
Good to hear you're doing great and would be around. As for the naysayers I don't think they're worth any stress on your nerve or anyone else's for that matter.
As for saying you don't want to scalp again . It runs in the blood Feb, you might read this
Quote
It's a matter of preference. Just trade whatever is comfortable for you brother (timeframes) I started off 30 min but then I chose to get down to 1 min charts to get a quicker entry.
I also use lower TF for entry now, usually M5 rather than my standard M30 and H1 which I used in time past.

Have a good game here again.
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #863
  • Oct 1, 2010 8:42am Oct 1, 2010 8:42am
Quoting feb2865
Thanks Man!!

I am doing alright. Things at home are improving..slowly but we're getting there. Yes I'll be around posting and stuff. I am getting my game back. I will be calling out some trades (winners or losers ) and things will be before the actual trade develops. That way the naysayers won't have a chance of saying I am just trading hindsight. Of course there will be times where I simply have to get on the bus ala quick yo know...

I was looking to get my balance in trading. I wanted to stop scalping (hyper scalping) once for all. Yes it profitable...
i am so glad your seeing you back and beeing healthy posting again.
i shure will follow your posts with very interest.
So far i had 3 longs closed with TP 3700 and 1 long closed TP 3747.
Same story as you say 00 and 50 in EURUSD are good marks to watch.

now i have idee if long or short, maybee i close and go for weekend.

have a good time, Feb and all the others on this thread
  • #864
  • Oct 1, 2010 9:28am Oct 1, 2010 9:28am
I miss the bus @26 long. Then I went long at the breakout of 50 - I lost that one. Then I went short at 65 all the way to 55 - I got that one. So far the day is ok - pulling my hair on missing the bus. Next time I have to turn my phone off for sure LOL!!!
Peace
  • #865
  • Oct 1, 2010 10:00am Oct 1, 2010 10:00am
Same here Feb. I just missed that 26 entry. Almost 50 pips!!

I have taken this; will see.

Thanks
TradeStar
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Haste not to Enter AND Haste not to Exit !-TradeStar
  • #866
  • Oct 1, 2010 12:46pm Oct 1, 2010 12:46pm
Quoting TradeStar
Same here Feb. I just missed that 26 entry. Almost 50 pips!!

I have taken this; will see.

Thanks
TradeStar
Nice setup tradestar!

a word of caution to everyone following this thread: Normally is better to place a stop-limit order. But if the market is moving fast, don't hesitate and go place a market order - don't miss the bus.
Peace
  • #867
  • Oct 3, 2010 11:09pm Oct 3, 2010 11:09pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Welcome home Feb!
I remembered you said pivot point is another tool where many traders are looking at apart from the naked chart.

I did not backtest, forwardtest nor sidetest but real test with live account for 4 months plus.
The result is good with money management.

I read it from one of the forum here and he said: price open above pivot, buy and target at R1.
Open below sell and target at S1

But I place a long small order at S1, another small order at S2, and double order at S3,S4 and S5.
Same as R1,R2,R3,R4,R5

The pivot plus naked chart give me a guide as to where the price might be landed.
and I practice your "If and Then" method.
Shake it off!Lick the Wound,Prey Again!
  • #868
  • Oct 4, 2010 4:22am Oct 4, 2010 4:22am
Long on EU and EJ. But note that ADX is strong and I'm always targeting between 15 and 25 when I see ADX like that. GL to all
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Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #869
  • Oct 4, 2010 8:43am Oct 4, 2010 8:43am
Personally I didn't like price action this morning. I am waiting to see what's up after 10:00 AM announcement.
Peace
  • #870
  • Oct 4, 2010 8:56am Oct 4, 2010 8:56am
Quoting feb2865
Personally I didn't like price action this morning. I am waiting to see what's up after 10:00 AM announcement.

Good to see you back in action sir. I look forward to visiting your threads
often again.

Hope all is well.
  • #871
  • Oct 4, 2010 9:09am Oct 4, 2010 9:09am
Quoting feb2865
Personally I didn't like price action this morning. I am waiting to see what's up after 10:00 AM announcement.
Good day, Dear Feb!!!!!


I had one trade today.... nice ... about 1:3 Risk-Reward...


here is the cart of it... Because of the 2pips fixed spread wich i have - I tade 5 min TF for quicker entery.... I think 1 min would be too fast for me....


Anyway - I do not try to just copy you... I did want to try today's morning just to find for myself some way for quicker entery, because I do not like to backtest too.... I like to grasp concept, and try to implement it in real trading, but with low load..... after this, if I feel it better - I start to trade more load (more than just "learning" load lol... )

... your comments are more than welcome!!!
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  • #872
  • Oct 4, 2010 9:16am Oct 4, 2010 9:16am
Quoting dim4ik42
Good day, Dear Feb!!!!!


I had one trade today.... nice ... about 1:3 Risk-Reward...


here is the cart of it... Because of the 2pips fixed spread wich i have - I tade 5 min TF for quicker entery.... I think 1 min would be too fast for me....


Anyway - I do not try to just copy you... I did want to try today's morning just to find for myself some way for quicker entery, because I do not like to backtest too.... I like to grasp concept, and try to implement it in real trading, but with low load..... after this, if I feel it better - I start to...
Nice trade!!

I trade lower time frames just for the entry - I've been very slow today I could play the 80 area long but I guess is my health. I got chemo on Thursday and is hitting me hard today. 3720 his holding resistance pretty good...
Peace
  • #873
  • Oct 4, 2010 9:31am Oct 4, 2010 9:31am
Quoting feb2865
Nice trade!!

I trade lower time frames just for the entry - I've been very slow today I could play the 80 area long but I guess is my health. I got chemo on Thursday and is hitting me hard today. 3720 his holding resistance pretty good...

Thank you for clarification!

Oh, brother!!!! I am so sorry to hear this... I wish you to win your health's problems...

... you know - some time ago I had some issues with my health too... Nobody could help me in this... but one day I did find the books about Milton Ericson, and his works. You know - after reading this material, and some additional books - I start to help me by my own. After believing in myself and in my inner power - I did start to improve myself (true words here) step by step... These days - I almost win in this battle....

I wish you, my friend, my brother, to win your battle! I am sure - you can do it!!!!!
  • #874
  • Oct 4, 2010 9:52am Oct 4, 2010 9:52am
I am looking at this area of previous exhausting....
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  • #875
  • Oct 4, 2010 9:55am Oct 4, 2010 9:55am
Quoting dim4ik42
I am looking at this area of previous exhausting....
... long now.
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  • #876
  • Oct 4, 2010 10:34am Oct 4, 2010 10:34am
Quoting dim4ik42
... long now.
I did end it with BE result.
  • #877
  • Oct 4, 2010 10:55am Oct 4, 2010 10:55am
My new short trade like a bouce off 3700 level.

will see how it will develop...
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  • #878
  • Oct 4, 2010 11:06am Oct 4, 2010 11:06am
Quoting dim4ik42
My new short trade like a bouce off 3700 level.

will see how it will develop...
1:1 RR... the target is reached.
  • #879
  • Oct 4, 2010 11:11am Oct 4, 2010 11:11am
Hi all
I play more on 30M. But 4h also giving clear view.
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P.s
Feb thanks for effort sharing your knowlegde.
ready or not her we go
  • #880
  • Oct 4, 2010 11:16am Oct 4, 2010 11:16am
Quoting nimonas
Hi all
i playt more on 30M. But 4h also giving clear view
Attachment
Yeah! As more TF is - as more clear the picture is... the lower TF is - more noise we have there...
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