Same orders with you. Let's kick some ass ! We need to get back what we left on the table Asia session. I calculated I lost out around +50 pips for my mistakes (not moving SL to that fcr and not taking on the reverse trade from that same fcr). Well ...

The System II (Yes with irony)

I am sure he won't mind me answering. Yes, you are correct SC1 refers to scenario 1.

The System II (Yes with irony)

Thanks. I guess it's a journey we all need to take till it hurts so much that it sticks in our mind!!! Lol! I am loving every minute of it though. It's turning me into a better trader for it. Yes, I agree the fcr set-up I posted earlier is starting ...

The System II (Yes with irony)

A Chart to show potential fcr set up. To non System 2 readers, Please note that this is not a trade recommendation but just to highlight potential set-ups that we look for in line with the strategy here.

The System II (Yes with irony)

There is a fcr forming now if you are watching.

The System II (Yes with irony)

Hi Skris, Just read your post. The correct entry should have been lower down at the fcr. Of course you can still get in off the 123 continuation set-up but it carries a higher risk as price already moved quite a fair bit. Nothing to say that it ...

The System II (Yes with irony)

Autopsy of a good trade turned bad. I am now out of my short trade from 4014. My SL was finally taken out at BE after all the fear, hoping & praying!!! Sounds familiar, doesn't it ? Well, Mr Market just don't care about all the hope and prayers you ...

The System II (Yes with irony)

It's getting mighty close to it ! Come on ! Drop you %%%%%%%%%!!!

The System II (Yes with irony)

Lol ! On a serious note, I have never been one for indicators. Tried it for a very short while but could never really understand them. Was using S/R, trendlines most of the time so it was easy for me to make the transistion to the style of ...

The System II (Yes with irony)

Anyone else in on the break ?

The System II (Yes with irony)

Yes I am still in but it sure is tough holding out from taking profit. But I am going to persevere and hold out. I have a good feeling about this trade as I can see no support till around 3850 (By the way we don't use past S/R but I couldn't help it ...

The System II (Yes with irony)

Still holding out. Not Preserving yet, going for that runner but it sure is tough on the mind when you see so much profit given back in the retracements. This is the mind set practice I need. I have real money on the line here and I am feeling every ...

The System II (Yes with irony)

Chart for BB break

The System II (Yes with irony)

Playing #1 sc1 now after a nice quick drop to 3989. Retracing at time of post.

The System II (Yes with irony)

BB break@ 4014, #2G+

The System II (Yes with irony)

Sorry I didn't bookmark it so can't point you to that post. WB = Weak breakout, WR = Weak resume

The System II (Yes with irony)

Nice and clear, like a beacon of light in the dark ! We like you to keep talking please, brother Fxa. We need your wisdom very much!

The System II (Yes with irony)

Still positive pips and you were in it for that elusive runner which will eventually come.

The System II (Yes with irony)

Thanks for the feedback brother. I am now out of the race as my SL was hit at the 50% mark. I actually got the idea of 50% off your earlier trade example.

The System II (Yes with irony)

I have decided to move my SL to the 50% mark after such a sharp drop and now will sit on it (until I see a well formed fcr, not the hallucinated ones I sometimes see, lol) and go for that big runner if it's going to happen.

The System II (Yes with irony)