sell stop in place at 3943 off fcr1

The System II (Yes with irony)

Decided to cancel my sell stop. Don't like where it is. Looks congested around there. Will wait for a better set-up.

The System II (Yes with irony)

Yeah, was just thinking that choppy monster might be around. Anyway it's our first short for europe session, so let's see how it pans out.

The System II (Yes with irony)

Sell stop @ fcr 3931 (3934) in place subject to setup being valid

The System II (Yes with irony)

I didn't take this one but used it to close my short from 3950. I am a bit slow today (lack of sleep), otherwise I would have been on that long too as I like reversals very muchhhhhhhh!

The System II (Yes with irony)

Anyone traded Asia ? There have been some nice set-ups there. I am currently on a short from 3950 on one of my hallucinated fcr. Some traders may find that too small and not enough loopiness to consider a fcr but somehow it keeps popping up in my ...

The System II (Yes with irony)

Hi Drob, Yes, it's a really good article. I find I am only just entering stage 4 since I re-discovered System2. Stage 5 is obviously my aim and I don't know how long it will take me to achieve it but I sure will. I have been trading just over two ...

The System II (Yes with irony)

An interesting article which I came across. image The 5 Steps to becoming a trader The 5 Steps to becoming a trader Step One: Unconscious Incompetence. This is the first step you take when starting to look into trading. you know that its a good ...

The System II (Yes with irony)

Please note the set-up in my last post could be one of my hallucinated fcr's., lol. It is a bit on the small side and the better set-up is one that shows a more obvious loop to it. However I am already in the trade, so will continue to manage it ...

The System II (Yes with irony)

The start of reversal? I am in @3933

The System II (Yes with irony)

Hi Musanto, Hope you don't mind me giving you my feedback on your entry point which I think is too late and carries more risk. I have explained it in the chart. That's how I enter mine ie try and get on the early bus. If I am too late, then I stay ...

The System II (Yes with irony)

Sorry Musanto , just saw your post. Yes I was in but have closed my short now because I can't babysit it anymore - just too damn tired! Watch out for the reversal as that should be a good one to catch.

The System II (Yes with irony)

Looks like the market wants to go down further.

The System II (Yes with irony)

Narbeth, if you refer to the chart you posted, the last arrow is the most recent and valid fcr. You can only have one fcr at a time. It is a trend reversal set up. So in your chart, you can see that the PA forming is showing an uptrend i.e. HH & HL. ...

The System II (Yes with irony)

Ok, I am going to try and explain my reasons why I took the last fcr trade I did and iqnored the long fcr that came after my fcr short @3999. As for my first trade, when I shorted from 3999, the momentum/speed of the down candles were very apparent ...

The System II (Yes with irony)

Finally out for -12. That's it for today.

The System II (Yes with irony)

My LV battle commences!

The System II (Yes with irony)

Sorry , will reply to your posrt a bit later. Am engaged in battle now!

The System II (Yes with irony)

Yes, Dim was faced with a similar dilemma today. On that occasion I ignored the fcr but on this occasion I didn't. I can't really explain it but I am just going by my feel of the play. Not sure if it makes sense.

The System II (Yes with irony)

Jazz, are you still on the long side , mate?

The System II (Yes with irony)