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The System III (Oh no!)

  • #1,261
  • Nov 29, 2011 4:00am Nov 29, 2011 4:00am
Last trade for London session... after that - will have rest till New York...

Let's hope it would hit profit target order lol...




EDIT: Closed the trade 3364 with good enough profit to cover all today losses and some +%

The move begins from reversal of opposite move at the Support or Resistance area - this is how I understand the core of System III.
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  • #1,262
  • Nov 29, 2011 4:07am Nov 29, 2011 4:07am
Quoting dim4ik42
Last trade for London session... after that - will have rest till New York...

Let's hope it would hit profit target order lol...




EDIT: Closed the trade 3364 with good enough profit to cover all today losses and some +%
Just read the edit. I was going to say it is touching that daily trendline again so go careful. Enjoy your rest, see you around NY open.
  • #1,263
  • Nov 29, 2011 4:11am Nov 29, 2011 4:11am
Quoting Hugh Briss
Just read the edit. I was going to say it is touching that daily trendline again so go careful. Enjoy your rest, see you around NY open.

Thank you!

Will see around NY open.
  • #1,264
  • Nov 29, 2011 4:35am Nov 29, 2011 4:35am
Look at those three arrows some days ago at rejections which have formed this current level...

Something interesting is cooking.
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  • #1,265
  • Nov 29, 2011 4:54am Nov 29, 2011 4:54am
Sell at rejection... couldn't resist this...
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  • #1,266
  • Nov 29, 2011 5:03am Nov 29, 2011 5:03am
New levels formed overnight. 5 minutes charts. Would be nice to see a re-test of resistance. Let's see....
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Peace
  • #1,267
  • Nov 29, 2011 5:15am Nov 29, 2011 5:15am
Quoting dim4ik42
Sell at rejection... couldn't resist this...

Good morning, Master!



My current short is going well i should say... well - will see how it goes.
Attached Image (click to enlarge)
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  • #1,268
  • Nov 29, 2011 5:40am Nov 29, 2011 5:40am
Quoting dim4ik42
Good morning, Master!



My current short is going well i should say... well - will see how it goes.
Nice trade!
Peace
  • #1,269
  • Nov 29, 2011 5:48am Nov 29, 2011 5:48am
Quoting feb2865
Nice trade!
Thank you, sir!

Now I have to create a skill to sitting tight and not pulling off this short position. It looks like there is a lot of room to go for it... Do not want to bail out with little profit.... Ah! To exit properly is no easier than entry by itself...
  • #1,270
  • Nov 29, 2011 6:04am Nov 29, 2011 6:04am
Quoting dim4ik42
Thank you, sir!

Now I have to create a skill to sitting tight and not pulling off this short position. It looks like there is a lot of room to go for it... Do not want to bail out with little profit.... Ah! To exit properly is no easier than entry by itself...
Price is close to my pforit target. let's see



EDIT: Target hit!
  • #1,271
  • Nov 29, 2011 6:22am Nov 29, 2011 6:22am
a rundown of 81 pips! Congrtats to Dim and whoever took that trade.....I didn't as I am kinda busy preparing a seminar for a group of five I am giving out today....
Peace
  • #1,272
  • Nov 29, 2011 6:23am Nov 29, 2011 6:23am
I am looking to go long @3308....but I see the market stalling a@ 3333...well who knows....
Peace
  • #1,273
  • Nov 29, 2011 6:25am Nov 29, 2011 6:25am
Remember
when I mention
I am looking to go long/short @ xxx price - could be anywhere near that price.....I look for levels...areas where the market stalls...
Peace
  • #1,274
  • Nov 29, 2011 6:28am Nov 29, 2011 6:28am
I have my eyes on 3312 - last 5 minutes spike up......You should have a line in there...
Peace
  • #1,275
  • Nov 29, 2011 6:30am Nov 29, 2011 6:30am
Could not sleep and started early.

Took the EUR short at red line - stop was brown line and trailed stop after the bust of + 20 down to 37 - green line -

Heck I may be done for the day.

My charts are set on the 5 minute TF and I only trade Euro, Swissy or Chief, Aussie and Loony.

I really relish FEB's work and enjoy his comments - so I am watching here on System III - the only thread I am watching
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  • #1,276
  • Nov 29, 2011 6:38am Nov 29, 2011 6:38am
Quoting Wave Trader
Could not sleep and started early.

Took the EUR short at red line - stop was brown line and trailed stop after the bust of + 20 down to 37 - green line -

Heck I may be done for the day.

My charts are set on the 5 minute TF and I only trade Euro, Swissy or Chief, Aussie and Loony.

I really relish FEB's work and enjoy his comments - so I am watching here on System III - the only thread I am watching

was a nice trade! Dim took it earlier. I spotted the "new" level but I am busy putting some material together. If you want to get back for another trade, my suggestion is to lower your load just in case. I would go with 1/2 of load. If you feel you're done for the day...that's fine....This is where you're a master of your domain LOL!!!

A nice feeling when you know what your're doing isn't?
Peace
  • #1,277
  • Nov 29, 2011 6:40am Nov 29, 2011 6:40am
I feel sorry for the poor fellows still looking at stop and-go signs to tell them what to trade. "If the stochs and the semafors and the x moving average are down then you take a trade"....oh Lord!!
Peace
  • #1,278
  • Nov 29, 2011 6:47am Nov 29, 2011 6:47am
I wouldn't take that trade long......But I would like for someone to tell me why....it's easy...
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Peace
  • #1,279
  • Nov 29, 2011 6:53am Nov 29, 2011 6:53am
I would not take this long trade because we have not tested a support level and rejected from there.

And by my count we could have one more push down
  • #1,280
  • Nov 29, 2011 6:55am Nov 29, 2011 6:55am
Quoting Wave Trader
I would not take this long trade because we have not tested a support level and rejected from there.

And by my count we could have one more push down
Yes. Besides, I bet the market is looking at resistance but at the same time they're looking at the rundown we had this morning. Actually as you said, at this very moment the market is re-testing support....mmmmm Interesting.
Peace
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