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The System III (Oh no!)

  • #981
  • Oct 14, 2010 1:47am Oct 14, 2010 1:47am
Quoting dim4ik42
My target hit....
Did you close 100% of a trade or left some to trend?
  • #982
  • Oct 14, 2010 2:02am Oct 14, 2010 2:02am
Quoting tghfbt8
Did you close 100% of a trade or left some to trend?

Because of the trade was during the night here in Ukraine, and I was sleeping - the TP order was for the all 100%.... And - as I stated before - it was just like a "learning" trade... of course with real money, but with very low load... So...

...it was just for me to training better levels feeling.
  • #983
  • Oct 14, 2010 4:09am Oct 14, 2010 4:09am
Morning!

Here is my current long trade.... will let my set-up to work.
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  • #984
  • Oct 14, 2010 4:14am Oct 14, 2010 4:14am
Quoting dim4ik42
Morning!

Here is my current long trade.... will let my set-up to work.
ok! Close with 5 pips profit. I think the levels should be looking like this... on the picture.
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  • #985
  • Oct 14, 2010 4:26am Oct 14, 2010 4:26am
... well... new trade! lol. short this time...
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  • #986
  • Oct 14, 2010 4:37am Oct 14, 2010 4:37am
Quoting dim4ik42
But I think the original concept (first 10-50 pages) of systen II is still good for traders.... once we have seen the initial swing of the centrifugal price moving - then we have a good chance to trade it...
Yes this is what I was getting at. I never did well simming the FCR so I gave up on it.

My idea is that by using system III for context then some System II setups look more attractive than others. That's it.

For example you miss a long off a support level on 30min. Drop to 5min and enter on a system II breakout. That sort of thing.
  • #987
  • Oct 14, 2010 4:39am Oct 14, 2010 4:39am
Quoting feb2865
I close the trade. I was shooting for 55 but at this point I rather bank some profits and wait to see if we have any other level to play with.
Do you scale out or are you always all in / all out?

Sometimes I want to bank profits but I'm not sure the move is over so I take off half.
  • #988
  • Oct 14, 2010 4:42am Oct 14, 2010 4:42am
Quoting dim4ik42
... well... new trade! lol. short this time...
Closed at BE now... As I see - market does not want to go down....
  • #989
  • Oct 14, 2010 4:51am Oct 14, 2010 4:51am
re-entery short again... that previous time I did not loosing nothing... So - my risk limit permits this action.
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  • #990
  • Oct 14, 2010 5:23am Oct 14, 2010 5:23am
Quoting dim4ik42
re-entery short again... that previous time I did not loosing nothing... So - my risk limit permits this action.
Target hit.
  • #991
  • Oct 14, 2010 6:14am Oct 14, 2010 6:14am
the range of market is being relly narrow - 4055-4075.
  • #992
  • Oct 15, 2010 4:54am Oct 15, 2010 4:54am
Morning!

Here is my current short position.



I like trade levels!!!!!



Sorry if I am a little off the thematic of this thread... From other side - I trade S/R levels...
So...
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  • #993
  • Oct 15, 2010 5:39am Oct 15, 2010 5:39am
Quoting dim4ik42
Morning!

Here is my current short position.



I like trade levels!!!!!



Sorry if I am a little off the thematic of this thread... From other side - I trade S/R levels...
So...
Closed the trade manually... About 1.5:1 RR... good.
  • #994
  • Oct 15, 2010 6:23am Oct 15, 2010 6:23am
we're having a busy morning today. I advise all of you to use lighter load today just in case.
Peace
  • #995
  • Oct 15, 2010 6:33am Oct 15, 2010 6:33am
Quoting feb2865
we're having a busy morning today. I advise all of you to use lighter load today just in case.

Good day, Feb!

Do you mean - morning in USA? Fed Chairman Bernanke Speaks, Core CPI m/m, Core Retail Sales m/m, Retail Sales m/m etc. ??? - This events?

Just - I have now 14:30 hours... So - midday...

And - you probably have now morning... Yes? And this is why you say "busy morning" may be... Ok! Just for me for clarification...

Thank you!!!
  • #996
  • Oct 15, 2010 6:39am Oct 15, 2010 6:39am
Quoting dim4ik42
Good day, Feb!

Do you mean - morning in USA? Fed Chairman Bernanke Speaks, Core CPI m/m, Core Retail Sales m/m, Retail Sales m/m etc. ??? - This events?

Just - I have now 14:30 hours... So - midday...

And - you probably have now morning... Yes? And this is why you say "busy morning" may be... Ok! Just for me for clarification...

Thank you!!!
Yes I am in EST......

I am on hold until 8:30 to see what's up.....Probably will take the other side of the news move.....maybe...I'll let you guys know.
Peace
  • #997
  • Oct 15, 2010 6:41am Oct 15, 2010 6:41am
Quoting feb2865
Yes I am in EST......

I am on hold until 8:30 to see what's up.....Probably will take the other side of the news move.....maybe...I'll let you guys know.
Ok! Thank you for answer!
  • #998
  • Oct 15, 2010 6:55am Oct 15, 2010 6:55am
100 could be a good short but my take on the market is going to be stalled to 8:30 news...this is why I didn't take the short...
Peace
  • #999
  • Oct 15, 2010 7:08am Oct 15, 2010 7:08am
Quoting cunparis
Yes this is what I was getting at. I never did well simming the FCR so I gave up on it.

My idea is that by using system III for context then some System II setups look more attractive than others. That's it.

For example you miss a long off a support level on 30min. Drop to 5min and enter on a system II breakout. That sort of thing.
System II is a forward type of trading. You have initial impulse wave followed by a pullback and then you trade the continuation of the wave only if breaks the top/bottom part. System III is a contrarian trade. Normally you trade against the levels. You can apply system II on System III only if it breaks the level and then pulls back against that level..

Although you can trade both at the same time , I will stick to just one.
Peace
  • #1,000
  • Oct 15, 2010 8:07am Oct 15, 2010 8:07am
does anybody have disconnection problems with Oanda this morning?
Peace
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