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The System III (Oh no!)

  • #1,301
  • Nov 29, 2011 10:59am Nov 29, 2011 10:59am
Quoting feb2865
The trade was a late one - still can work.

Means the liquidity stalls but there's still room for trading

USD pairs runs on high gear from 2:00 AM EST to 10-11 AM EST - after that liquidity stalls. Need more patience if you have a trade working like I do now.

I have a long trade still working but the market is up for grabs. I trail my stop so the risk now is minimal.

Thank you for advice!

I was thinking that at higher time frame like 30 min., 1 and 4 hrs, daily, the time of the day (session open etc.) has less impact than if i would trade at 5 min.charts... Of course I know - if I would take trade on 1 hr. TF, but it would be near Sydney open (for example) I would need more patience to wait for the trade to mature...
  • #1,302
  • Nov 29, 2011 11:28am Nov 29, 2011 11:28am
I would like to take short (if the market will show its hands) at the 3372 area...


I am not sure - do not know exactly - is it good idea to take such a trade and wait for result as long as it would need to wait. i mean - If it will go for 3 or 5 hours - I am ready to wait....

So... at least I would try.
Attached Image (click to enlarge)
Click to Enlarge Name: possible short trade.gif Size: 14 KB
  • #1,303
  • Nov 29, 2011 11:37am Nov 29, 2011 11:37am
to be or not to be...


I went short. I am ready to wait as much as it would need for the trade to work.
Attached Image (click to enlarge)
Click to Enlarge Name: short trade.gif Size: 14 KB
  • #1,304
  • Nov 29, 2011 1:52pm Nov 29, 2011 1:52pm
hello feb

What do you think about roundnumbers? for me it is like Support and Resistance too.

thanks in advance
  • #1,305
  • Nov 29, 2011 2:54pm Nov 29, 2011 2:54pm
Quoting d0MiN077
hello feb

What do you think about roundnumbers? for me it is like Support and Resistance too.

thanks in advance
Round numbers are shark infested waters. Sometimes they work, sometimes they don't. Don't dwell too much in that.
Peace
  • #1,306
  • Nov 30, 2011 1:59am Nov 30, 2011 1:59am
Hello traders!

I am looking to trade this breakout down.

Look at 30 min to see levels, and on 5 min to see the pullback after the breakout before taking the trade down.

Hope I got the feb's lesson some day ago about trading breakouts after pullback. So - let's see what happends.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: breakout 30 min..gif Size: 13 KB
Click to Enlarge Name: breakout 5 min..gif Size: 9 KB
  • #1,307
  • Edited 2:53am Nov 30, 2011 2:38am | Edited 2:53am
Quoting dim4ik42
Hello traders!

I am looking to trade this breakout down.

Look at 30 min to see levels, and on 5 min to see the pullback after the breakout before taking the trade down.

Hope I got the feb's lesson some day ago about trading breakouts after pullback. So - let's see what happends.
I am in... let's what happens


My stop-loss is 3298 profit target - around 3220
Attached Image (click to enlarge)
Click to Enlarge Name: breakout 30 min. trade.gif Size: 13 KB
  • #1,308
  • Nov 30, 2011 3:00am Nov 30, 2011 3:00am
Quoting dim4ik42
I am in... let's what happens


My stop-loss is 3298 profit target - around 3220
Market is making a coil at the level... will wait till it would chose direction eventually. Hope it would be down lol.


EDIT: - stopped out.
  • #1,309
  • Edited 6:25am Nov 30, 2011 5:59am | Edited 6:25am
short trade based on today's previous rejection...


EDIT: target hit.
Attached Image (click to enlarge)
Click to Enlarge Name: short trade.gif Size: 11 KB
  • #1,310
  • Nov 30, 2011 6:39am Nov 30, 2011 6:39am
This is what I am looking right now...

Dim, congrats on your trade..
Attached Image (click to enlarge)
Click to Enlarge Name: 11-30-2011.gif Size: 13 KB
Peace
  • #1,311
  • Nov 30, 2011 6:49am Nov 30, 2011 6:49am
Quoting feb2865
This is what I am looking right now...

Dim, congrats on your trade..

Good morning, Master!

This is thanks to you that I now am able to recognize and to exploit these robust setups! I have the feeling that I step by step grasp this concept!!!

... I love this style so much!
  • #1,312
  • Nov 30, 2011 6:52am Nov 30, 2011 6:52am
Quoting dim4ik42
Good morning, Master!

This is thanks to you that I now am able to recognize and to exploit these robust setups! I have the feeling that I step by step grasp this concept!!!

... I love this style so much!
No problem buddy!
Peace
  • #1,313
  • Nov 30, 2011 7:24am Nov 30, 2011 7:24am
spread on my side is 2.9 pips!!
Peace
  • #1,314
  • Nov 30, 2011 7:26am Nov 30, 2011 7:26am
... what a big 30min. candle - 208 pips!!!!!!!!!!!!!!!
  • #1,315
  • Nov 30, 2011 7:31am Nov 30, 2011 7:31am
Quoting dim4ik42
... what a big 30min. candle - 208 pips!!!!!!!!!!!!!!!
I don't have my ear on the ground ....There was and ADP report coming out @ 8:15......

Oanda spreads are fluctuating too high for my taste!
Peace
  • #1,316
  • Nov 30, 2011 7:49am Nov 30, 2011 7:49am
Level I am watching now.....at least my spread is too high for my taste.
Attached Image (click to enlarge)
Click to Enlarge Name: 11-30-2011+1.gif Size: 10 KB
Peace
  • #1,317
  • Nov 30, 2011 8:02am Nov 30, 2011 8:02am
Oh I forgot - keep an eye on 1.3567....Now we had a breakout - let's see what happens....
Peace
  • #1,318
  • Edited 4:40pm Nov 30, 2011 10:30am | Edited 4:40pm
Sorry guys I am kinda busy I forgot to post my trade.

I am short @3478 looking for 3417 - stop now trailed to 3512.

I cut the trade @40 - not enough liquidity for a push down....Anyway I bank some pips....
Peace
  • #1,319
  • Nov 30, 2011 1:13pm Nov 30, 2011 1:13pm
buy at 34276 on eurusd tp one 1.34900 or tp two 1.36000
  • #1,320
  • Nov 30, 2011 4:52pm Nov 30, 2011 4:52pm
Hi ! Feb, I think you said somewhere that you look at intermarket analysis, right ? If so do you look at the big contracts like ES, ZN and ZB, CL, GC... ? Still following what you're saying here even if I'm more looking for fractals at daily charts. Have fun
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