Well, my long trade was short lived. My loss was limited to -5. I was willing to take that risk just to be early for that bus. Unfortunately I got the wrong bus, lol. Well, wash, rinse and repeat.

The System II (Yes with irony)

Yes, re-entry will carry a higher degree of risk. If it is not too far away from the first entry, I would tolerate the extra risk of placing a continuation trade. How far is not too far away? Of course all this is subjective to one's tolerance as ...

The System II (Yes with irony)

My chart

The System II (Yes with irony)

Moved my stop 5 pips below LV.

The System II (Yes with irony)

Entered a long at 4368. Playing #2G with a little room (have given it 10 pips breathing space below LV). Going to see how it pans out.

The System II (Yes with irony)

Hi Jazz, I have been thinking hard about your questions above. I would be inclined, if I were in a reversal trade (an fcr), to give it a little more room so as to give it a "good fight" (quote from FXA). I have attached below what FXA wrote about ...

The System II (Yes with irony)

Hi F, I have attached FXA's post with regards that particular trade (he was trading that live as well then). It should clear up your uncertainty as to why you shouldn't exit sooner. ...................... FXA's post nos 13263, Page 885 ok... i am ...

The System II (Yes with irony)

Just to bring to the forefront an old post from our mentor FEB........................ Guys Don’t matter how you put it, your main goal as a trader is to build equity over time. Doesn’t matter how you trade, that’s the end of the road. Wining or ...

The System II (Yes with irony)

Extract from one FXA's old post about losers (which is in line with Feb's teachings). I think this is so important for all readers of this thread to know that it forms the backbone of what we are trying to do here. There is no way to avoid those ...

The System II (Yes with irony)

A FXA post from the past- The idea that gave birth to FCR ? Post 1514 Hi traders, Possible reversal in the making, fractal 1 is broken, pullback is also in the making. But what I want to show you guys now is this, you all know that on reversals ...

The System II (Yes with irony)

Thanks for that post FXA. Have a nice weekend break. See you before London opens. Take care, B

The System II (Yes with irony)

Jazz my friend, I think it's a lesson(s) all traders go through. Some learn from it fast, some slower and some never ! When I first started trading forex I had no idea what I was doing (at that time I thought I did after reading some trading manual ...

The System II (Yes with irony)

Hi Jazz, Thanks for that link to FXA's post. It was most helpful. Also thank you for the kind advice to not be blinded by over-confidence and to stay humble. I can assure you that I am one of the humblest person one can meet (largely due to my ...

The System II (Yes with irony)

Just thought I'd share this with the family here. I only started trading this style 7 days ago with a live account. I made several mistakes when I wasn't quick enough to react with the appropriate defensive plays. Also on one occassion I moved my ...

The System II (Yes with irony)

Fmarcia, Stay confident ! We are in good hands here with the guidance of FXA. We will succeed if we are willing to put in the hard work i.e study, screen time and live trading. All this will just get easier as time passes by and we become in tune ...

The System II (Yes with irony)

Hi Jazz, Totally agree with you there. Let us stay strong and unified in our quest to be better traders. We have very good mentors in here who keep on giving so unselfishly, indeed a very attractive human quality that is becoming rare in this world ...

The System II (Yes with irony)

Thanks for your posts Razor. It will be a shame to see you go or post less. You are one of the few posters that I look out for when I visit the forum. I don't trade DIBS but I can see the power of it and will always have an interest in it. The "long ...

The DIBS Method... No Free Lunch continues

Just came on to check my short from 4383. Market went against me but SL protected my position for BE. In hindsight, even though I incurred no loss, I should not have left my trade unattended especially when we are trading such a short TF. If I had ...

The System II (Yes with irony)

Sorry couldn't help it but had to move my SL to BE before I take a rest, lol. Hope this is the runner I have been waiting for all day.

The System II (Yes with irony)

Ok gang, am going to let my fcr short (4383) play out because I am badly in need of a rest. Have a hard stop at 4402. Thanks FXA for all the help. Back again soon for any feedbacks, etc. Cheers, B

The System II (Yes with irony)