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Bakuli replied Jan 20, 2010Taken out for -9. Wash, rinse, repeat ! Waiting for next valid set-up.
The System II (Yes with irony)
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Bakuli replied Jan 20, 2010Catching the worm with the early bird. Period of consolidation. Short at break of bottom of bracket. #2G+.
The System II (Yes with irony)
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Bakuli replied Jan 19, 2010Out for +43. It's 3.07 am , UK time. Time to get my 6 hrs sleep as ordered by FXA, lol! Well, it won't be quite 6 hrs as I have to be up by 7am (going out to London with some friends). Good night. Trade well and be safe, B.
The System II (Yes with irony)
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Bakuli replied Jan 19, 2010Chart showing a gap of 2 pips between the two candles. This explained the jumpy fast movement I was witnessing just before I took the trade which resulted in a fast breakout. A useful observation for future reference.
The System II (Yes with irony)
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Bakuli replied Jan 19, 2010Thanks Skris. I just trade the set-ups at anytime I see it, whenever I am at my PC (which is nearly 24/7, Lol!). I have been noticing some big moves during the Asia session but I must confess I haven't been monitoring this long enough to give you ...
The System II (Yes with irony)
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Bakuli replied Jan 19, 2010That's brilliant ! It was a lucky trade for me as I wasn't thinking of trading. Had an eye on the fcr at 4271 (eclipse in chart) and when I saw the price moving funnily, sort of fast and jumpy towards the fcr, I quickly entered a market order and ...
The System II (Yes with irony)
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Bakuli replied Jan 19, 2010Thanks. It dropped for 19 pips in my favour but now gone back up re-test the LV line. I have moved my SL to 5 pips above that line so my risk is now only 8 pips should the market go against me. Edit. Spoke too soon. Just got taken out for -8. Wash, ...
The System II (Yes with irony)
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Bakuli replied Jan 19, 2010Anybody took the 123D continuation set-up?
The System II (Yes with irony)
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Bakuli replied Jan 19, 20102 FCRs close together. Chop monster appearing on the scene? Any thoughts on it?
The System II (Yes with irony)
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Bakuli replied Jan 19, 2010Ok. Thanks for those valuable observations. That fake out cost me -12. Just wasn't quick enough on the trigger and maybe giving it a bit more room than I should.
The System II (Yes with irony)
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Bakuli replied Jan 19, 2010If I am to be honest with you, I didn't even check the news calendar
I was just trading the set-ups as they happened and managing it according to the plan (to the best of my ability of what I know at this stage - still plenty to read up on). I ...The System II (Yes with irony)
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Bakuli replied Jan 19, 2010Sorry was away from the PC. Just read your post. Thanks for the feedback. In hindsight, yes the set-up wasn't really there. I must admit that I do take them quite often in trying to get in early but I do get your point about letting things develop ...
The System II (Yes with irony)
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Bakuli replied Jan 19, 2010The master is still in ! Still so much to learn, your humble student.

The System II (Yes with irony)
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Bakuli replied Jan 19, 2010Well trade was short lived. Out for - 15. Well can't win them all. That's it, I am done for the day. Good luck all, B
The System II (Yes with irony)
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Bakuli replied Jan 19, 2010Trade set-up. Took a fcr1 for reversal trade to the long side. SL placed below the fractal at 4270. Going to watch how the battle at the LV line pans out. Finger at the ready to bail out. Playing #2G
The System II (Yes with irony)
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Bakuli replied Jan 19, 2010Out of my short trade for a 108 pips ride ! What a runner!
Sorry not boasting (maybe just a little, lol) but trying to show why you need to cultivate that runner mentality as taught to us by FEb and FXA. I have now gone long at 4290, 5 pips above ...The System II (Yes with irony)
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Bakuli replied Jan 19, 2010SL moved to 4290, reverse trade in place too.
The System II (Yes with irony)
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Bakuli replied Jan 19, 2010Get a nappy (diapers) for the doggy, lol! Good trade, mate ! I am still in, with trailing SL at the fcr. Waiting to move it as soon as another fcr forms. Also have a reversal trade on the ready at the fcr.
The System II (Yes with irony)