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The System III (Oh no!)

  • #1,361
  • Dec 2, 2011 5:21am Dec 2, 2011 5:21am
I have to be honestly...


I took this trade too
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  • #1,362
  • Dec 2, 2011 5:25am Dec 2, 2011 5:25am
Cheers guys,

If I followed my instinct I think I should be out at b/e on this one and wait until after nfp. I'm live but only 40p pip. I'm generally risking .5% per trade or thereabouts on this at the moment. Lets see which way it goes
  • #1,363
  • Dec 2, 2011 5:29am Dec 2, 2011 5:29am
If you're going to trade before the NFP - use lighter load and be aggressive with the stops...
Peace
  • #1,364
  • Dec 2, 2011 5:55am Dec 2, 2011 5:55am
Quoting feb2865
If you're going to trade before the NFP - use lighter load and be aggressive with the stops...
Good morning, Master!

That's what I did...for learning purposes to spot pivotal points only I took that short with very-very low load... Right after price did not move lower after the close of that read candle i bail out... I took a chance - the trade did not go my way. No need to hold it.
  • #1,365
  • Dec 2, 2011 5:58am Dec 2, 2011 5:58am
Live and learn. Thanks Feb. Back to the drawing board and ready for the next trade.
  • #1,366
  • Edited 7:34pm Dec 2, 2011 10:41am | Edited 7:34pm
For my stop loss I ignored the spike and SL was 1.3523 at brown line.

Entry at Red Line at 1.3508 and it just kept stepping down.

Out at Yesterdays Low at 1.3418 at Green Line - then went to breakfast

and look what it did zoomed down.

Everybody have a great weekend.
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  • #1,367
  • Dec 5, 2011 1:04am Dec 5, 2011 1:04am
Morning, traders!

here is monday's morning levels. No much room between them to trade I think.
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  • #1,368
  • Dec 5, 2011 2:02am Dec 5, 2011 2:02am
How about this level?


Looking to go short at this level.
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  • #1,369
  • Dec 5, 2011 2:14am Dec 5, 2011 2:14am
Quoting dim4ik42
How about this level?


Looking to go short at this level.

I am short.
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  • #1,370
  • Dec 5, 2011 2:29am Dec 5, 2011 2:29am
Quoting dim4ik42
I am short.
Right their with you.We need a break of 423 for a runner.
  • #1,371
  • Dec 5, 2011 2:36am Dec 5, 2011 2:36am
I bail out +1 pip... It seems now to me that we have another level in hand...

If it will go up - I would go long.
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  • #1,372
  • Dec 5, 2011 2:51am Dec 5, 2011 2:51am
my long "bracket"
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  • #1,373
  • Dec 5, 2011 3:01am Dec 5, 2011 3:01am
Quoting dim4ik42
my long "bracket"
I'm now short @ 448,one of us must be right!
  • #1,374
  • Dec 5, 2011 3:08am Dec 5, 2011 3:08am
Quoting DemoForever
I'm now short @ 448,one of us must be right!
Well. - Yes! Everytime one of two is right
  • #1,375
  • Dec 5, 2011 4:55am Dec 5, 2011 4:55am
Here is my current pending "bracket"...

I did bail out previous long... i should say with a third of my initial risk.
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  • #1,376
  • Edited 5:40am Dec 5, 2011 5:10am | Edited 5:40am
Quoting dim4ik42
Here is my current pending "bracket"...

I did bail out previous long... i should say with a third of my initial risk.

short already... will see what happens



EDIT: closed with +13 pips
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  • #1,377
  • Dec 5, 2011 6:10am Dec 5, 2011 6:10am
Current long trade... went down to 5 min. chart to see picture more understandable.
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  • #1,378
  • Dec 5, 2011 7:35am Dec 5, 2011 7:35am
ISM Report coming @10.00 AM -Market on hold waiting for the numbers.
Peace
  • #1,379
  • Dec 5, 2011 8:14am Dec 5, 2011 8:14am
Trying to get in my first trade BE + 3
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  • #1,380
  • Dec 5, 2011 8:32am Dec 5, 2011 8:32am
OUT - 1.3477
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