Hi guys, E/U setup before london session. image

The System II (Yes with irony)

Another Million dollar post by feb ( post #538) a must read. Guys I have some interesting questions about exits/limits..etc...rule of 20..all that 20( or any number) stop loss is what guru's consider a "hard stop" ...it's an insurance against a ...

The System II (Yes with irony)

Your expectation should be that anything can happen at anytime so stay alert and trade must go in your direction within a reasonable time and distance, should be going in a nice clean flow.

The System II (Yes with irony)

Well said Moneda, thanks for the input.

The System II (Yes with irony)

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The System II (Yes with irony)

Your hard stop should be above/below pullback, but with trade expactancy you should not let it to be hit. your trail stop should be in place or just bring your sl above/below last bar or the bar before.

The System II (Yes with irony)

good job your doing great and dont worry with enough screen time you will get better at taking more profit. Congrats.

The System II (Yes with irony)

sorry forgot the chart image

The System II (Yes with irony)

this one would be more ideal, longer swing of the break of last low and pullback alittle more clear. Just for demonstration purpose not thing against you Dim. your doing great my man.

The System II (Yes with irony)

I go 3 pips plus the spread, that why E/U is even more to our advantage since the spread is lower than rest. mine is only 2 pips

The System II (Yes with irony)

and one more thing Dim, in this particular situation i would like to see a little longer swing with out such tail at the end. Ideal swing would have been longer than last low and then a pullback for a solid setup.

The System II (Yes with irony)

it looks ok, pullback is not the greates it worth the try, I would trade managet tight.

The System II (Yes with irony)

depends on the pullback and how it has shaped up and in which wave it is, genrally i am more carfull with those but again you'll test it with knowing that it is not the most ideal setup and your risk is higher, so you trade manage it tighter more ...

The System II (Yes with irony)

Yes it must be minimum 30-40 pips to be a qualified swing, for a setup to be valid you need qualified pullback to go along with it (retrace of 38% no more than 60%).

The System II (Yes with irony)

Read the whole thread my friend, you get all the anwers from our mentor.

The System II (Yes with irony)

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The System II (Yes with irony)

guys read this carfully if you have not already, post 865 by Feb Trade expectancy As I mentioned many time, I am a scalper. I've been trading like this since I started, many years ago. But scalping requires not only a strong concentration level, but ...

The System II (Yes with irony)

Sorry I had a phone call now exit, Inital sl goes above the pullback, if market reverses right after order has been triggered I personally am ready for the panic botton so i get out at end normally around 15-20 pip loss, normally wait for the candel ...

The System II (Yes with irony)

read post 1268.

The System II (Yes with irony)

ok, First of all I highly suggest for everyone to read the first afew pages of the thread very carfully so you understand the core of this system as feb has explained. but here is my two sense, entery, we need a solid qulified swing (minimum 30-40 ...

The System II (Yes with irony)