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The System II (Yes with irony)

  • #15,801
  • May 16, 2011 6:13am May 16, 2011 6:13am
Quoting Musanto
My swing is identified from a fractal broke,
that's why fractal is important.
I take every swing and entry every 123 break not fcr.

your short trade earlier today was not a 123 setup.. 20pips move with hardly any pullback is not a 123.. infact it is nothing less than a fcr.. feb would be the first to tell you exactly that. why fool yourself its obvious its not a 123 bcz there is not enough data captured and leaves you at less than a 50/50 chance...
later you acknowledge you took a 18 pips swing and made +60.. but what happens when for eg, you take 19 of these and 16 of them becomes a loss!!.. what now.. thats my question.. what your the luckiest guy to catch the only a few winners and none of the loss ones... or you do get you share of losses.. anyhow i give you the benfit of the doubt.. how do you pick and choose only the winners or most of the winners with such small data setup.. if you don't than you run into big problems down the line.. i dont care how big of runner you took down. toomany losses will lead to diplited account.

my points are solid my friend.. think it through before you answer please.

Thanks.
  • #15,802
  • May 16, 2011 6:24am May 16, 2011 6:24am
Quoting FXArtist
your short trade earlier today was not a 123 setup.. 20pips move with hardly any pullback is not a 123.. infact it is nothing less than a fcr.. feb would be the first to tell you exactly that....
let's trade here.
I'm not so clever to say in english, but my chart will
  • #15,803
  • May 16, 2011 6:32am May 16, 2011 6:32am
Pending short at 88
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  • #15,804
  • Edited 6:50am May 16, 2011 6:38am | Edited 6:50am
Quoting Musanto
let's trade here.
I'm not so clever to say in english, but my chart will
couldn't agree more.. bcz you got me and possibly everyone else confused..

quote: You are using fractal indicator, that's why you have so many fractal and so many entries. Try to spot it , use naked chart. I mark it with the red line, see the way i put it. By this way not many possible entries I can get.

later quote: My swing is identified from a fractal broke,
that's why fractal is important.

which is it bro??..lol.. fractal or no fractal or naked eye!!!

charts will work.. and perhaps live plays!!..(I don't see a set order)..




best of luck.
  • #15,805
  • May 16, 2011 6:49am May 16, 2011 6:49am
Quoting FXArtist
couldn't agree more.. bcz you got me and possibly everyone else confused..quote: You are using fractal indicator, that's why you have so many fractal and so many entries. Try to spot it , use naked chart. I mark it with the red line, see the way i put it. By this way not many possible entries I can get.later quote: My swing is identified from a fractal broke, that's why fractal is important.
which is bro??..lolcharts will work.. and perhaps live plays!!
best of luck.
differentiate between your fractal indicator and my fractal.
lol
and you said to go short ?
  • #15,806
  • May 16, 2011 7:06am May 16, 2011 7:06am
where is your trade ?
  • #15,807
  • May 16, 2011 7:07am May 16, 2011 7:07am
Quoting Musanto
differentiate between your fractal indicator and my fractal.
lol
and you said to go short ?

I use the regular fractal indi that Meta offers the standard one..
when you say naked eye.. i take it you use naked eye and not custom made out of standard indicator..


you want my short!!... you got it.. lol.. i lost 10pips..
(check out the set order on the long).. everything I do is firm brother..
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  • #15,808
  • May 16, 2011 7:11am May 16, 2011 7:11am
Quoting Musanto
where is your trade ?
sorry bro.. at first i put up the wrong chart.. there u have it above now
  • #15,809
  • May 16, 2011 7:20am May 16, 2011 7:20am
Quoting FXArtist
I use the regular fractal indi that Meta offers the standard one..
when you say naked eye.. i take it you use naked eye and not custom made out of standard indicator..


you want my short!!... you got it.. lol.. i lost 10pips..
(check out the set order on the long).. everything I do is firm brother..
You are using fractal indicator, that's why you have so many fractal and so many entries. Try to spot it , use naked chart. ...
...
not naked eye, wear you glasses lol

Yes looses happen
I use to trade ur way before.
Pick a 30-60 swing than trade on 123 or fcr break,
  • #15,810
  • May 16, 2011 7:22am May 16, 2011 7:22am
cancel my pending order.
still waiting
  • #15,811
  • May 16, 2011 7:37am May 16, 2011 7:37am
Quoting Musanto
You are using fractal indicator, that's why you have so many fractal and so many entries. Try to spot it , use naked chart. ...
...
not naked eye, wear you glasses lol

Yes looses happen
I use to trade ur way before.
Pick a 30-60 swing than trade on 123 or fcr break,
lol.. this is so amusing..

naked chart is the naked eye.. same thing.. this is too fuuny..lol


how do you trade? thats the question... one day like this one day like that!! being all over the place.. or.. shows discipline and solid planing..
well, if you can not answer a clear question.. then i can't say no more.

its ok, lets see what your chart will say.. will it say the same thing each time!!.. or something else another time!!.. ahhhhhhh who cares.. will it show profit at least!!!.. let's see if it even does that..
but make sure whatever you do.. show order set before.. trigger.. and time of close.. all ON TIME.

that is called live trades... without it.. everything is just talk.


best of luck
  • #15,812
  • May 16, 2011 7:44am May 16, 2011 7:44am
Hey FX,

I hope this helps. Here is my take on trades using this style over the past couple of hours. I think the most recent opportunity. Over a 30 pip run between the two arrows I put on the chart. using this system alone I would not have been in that part of the trade, but to wait for the pull back.

the pull back comes and it hits a point of congestion. At that point it has to either go straight back in the direction of the trend or I'm out. It went the other way I would be out.

I'm not sure how you took the trade If you told us the time of the bars or something on your screen it would be easier to see what you did. I was suggested to trade this style in this manner about two years (?) ago and it really helped me see it.

1. Take everything off your char
2. Put on three Horizontal lines
3. use one line for the top of a swing high
4. Use one for the bottom of the swing low
5. use the other to the top/bottom of the swing for the pull back
6. Now the set up is complete, you must wait for the a trigger, that's momentum
7. Look for the momentum
8. Pull the trigger if you see momentum and use what ever your MM is

I will tell you I don't trade this style exclusively but I do use it many times when I see it.

Hope this helps at seeing a potential good set up not come to life.

Simple
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A woman drove me to drink, and I forgot to thank her
  • #15,813
  • May 16, 2011 7:47am May 16, 2011 7:47am
update on the long.. I have tighten the SL a bit..
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  • #15,814
  • May 16, 2011 8:01am May 16, 2011 8:01am
Quoting simpleguy
Hey FX,

I hope this helps. Here is my take on trades using this style over the past couple of hours. I think the most recent opportunity. Over a 30 pip run between the two arrows I put on the chart. using this system alone I would not have been in that part of the trade, but to wait for the pull back.

the pull back comes and it hits a point of congestion. At that point it has to either go straight back in the direction of the trend or I'm out. It went the other way I would be out.

I'm not sure how you took the trade If you told us the time...
hi simpleguy,
thanks for your through input.. finally someone with a sound voice.

I know about everything that you just covered.. I could not agree with you more on looking for pullback to trade with momentum.. that is true 123 work..
however.. (not that i want to defend my trade.. its risky and i know it, thats why I tighten the SL for these types of trades)..
but what we see alot is missing opportunities out of such breakout points that are not 123 or etc,.. yet they travel for 80+ pips without giving you a pullback opportunities and you get left off with nothing after a run.

anyhow.. your explanation is on the money and well fit to this threads style..

what I am really try to show some of these guys.. is that.. you can not come out and trade all over the place... meaning trading fcr when it turns into a runner and say it was a 123 or I picked it at right time with no solid basis.. or trader the classic 123 and when it turns into a runner and say this is the only way to catch profits... and all they do is just talk with not much to show... most of them can't explain anything of what they do or what poor feb really did.. and for sure can not show it on the charts with Live trades.

thanks for your time.
  • #15,815
  • May 16, 2011 8:03am May 16, 2011 8:03am
Quoting FXArtist
lol.. this is so amusing.. naked chart is the naked eye.. same thing.. this is too fuuny..lol how do you trade? thats the question... one day like this one day like that!! being all over the place.. or.. shows discipline and solid planing.. well, if you can not answer a clear question.. then i can't say no more. its ok, lets see what your chart will say.. will it say the same thing each time!!.. or something else another time!!.....
I'm still not profitable if you want to know. lol
What I want is, to dig this system ii together,
not to show my self as guru here.

I know what live trade is.
  • #15,816
  • May 16, 2011 8:12am May 16, 2011 8:12am
so anyone took this?...
classic 123 text book feb stuff.. how about it... (same thing that simpelguy just elaborated on.. looking for momentum)

I am in it... lets see how it shapes up
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  • #15,817
  • May 16, 2011 8:14am May 16, 2011 8:14am
Quoting Musanto
I'm still not profitable if you want to know. lol
What I want is, to dig this system ii together,
not to show my self as guru here.

I know what live trade is.

then sit back, and I'll show you how its done..


that goes for everybody.. if i see massive interest I will help you all.
  • #15,818
  • May 16, 2011 8:34am May 16, 2011 8:34am
Quoting FXArtist
so anyone took this?...
classic 123 text book feb stuff.. how about it... (same thing that simpelguy just elaborated on.. looking for momentum)

I am in it... lets see how it shapes up
great !
I hope you are right not just this time but for many times further.
and then I can shape my trade like yours... who knows

I try your way of trading for almost 1 year then I mix with script, indicator, etc etc, still not work no luck.
  • #15,819
  • May 16, 2011 8:44am May 16, 2011 8:44am
Quoting Musanto
great !
I hope you are right not just this time but for many times further.
and then I can shape my trade like yours... who knows

I try your way of trading for almost 1 year then I mix with script, indicator, etc etc, still not work no luck.
No comment.. don't know whatcha talking about..
  • #15,820
  • May 16, 2011 9:02am May 16, 2011 9:02am
closed for +26 when it looked out of air.. in my book this is a good solid profit taking..

chart also displays rest of the trades for the day..
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