Thanks for the live comments. Really helpful in shaping us into better traders. I am still in the trade as I am after that runner as you emphasised so much in your plan. Cheers, B

The System II (Yes with irony)

Thanks !

The System II (Yes with irony)

Sorry FXA. Is the level line (LV) you mentioned in your post the trigger line ie where the trade was triggered ? Just want to be clear on it. I have my SL above at 4430 (27 pips risk) Thanks, B

The System II (Yes with irony)

Thanks Elizo and also thanks to the power of this thread !

The System II (Yes with irony)

Thanks for the feedback FXA. Very much appreciated. I know I am still very green with this style of trading but I am starting to get the feel for it, thanks to your guidance. Cheers, B.

The System II (Yes with irony)

Hi Fmarcia, My trades so far from early asia session.

The System II (Yes with irony)

Hi Fmarcia, My short was taken out at 4429 where I had placed my SL. I did a reverse trade (fcr) at the same level but exited with a -3 although I was playing #1 for defence (I was too slow with the finger, lol!) Anyway I am back in with my bracket ...

The System II (Yes with irony)

Trade just triggered. Playing defence #1 with this one.

The System II (Yes with irony)

Waiting to see if my trade will trigger.

The System II (Yes with irony)

Opps! I think I was too prompt. Lol! I have just deleted all my charts before I saw your post. Anyway it may mislead other people that it's an indicator so I will post completely naked charts from now on. I can assure you that I trade totally naked ...

The System II (Yes with irony)

Sorry Elizo. It's not an indicator. I just drew lines there for illustration purposes how I am seeing the waves. If you think that it is misleading other people then I will delete all my posts. Peace B

The System II (Yes with irony)

Good morning/evening everyone ! I am now sitting on my hands waiting for a valid set-up. This is the boring part, lol!

The System II (Yes with irony)

Forgot to add. I am playing #1 defence for the long trade.

The System II (Yes with irony)

Looks like I might catch a runner with this one. Guys/Gals, just follow the plan as laid out by FXA, it really works once you can overcome your fear of having lots of losers ! Each loser brings you a step closer to that runner.

The System II (Yes with irony)

My first trade for asia session (I am UK based but am an insomniac). Took a bracket trade, shorted 3 pips below at 4492. I am just taking every shot whenever it presents itself (and when I am at the computer no matter what session we are at). IMHO, ...

The System II (Yes with irony)

Today has been quite a learning experience for me. Had a short from 4510 going into the red flag news. Was debating with myself whether to close for profit and sit on my hands before the news came out. In the end I decided to stay in the trade with ...

The System II (Yes with irony)

Hi Fmarcia, My humble opinion on your trade. Personally I would have set the stoploss 3 pips above the fcr at 4519, just above where you closed your trade. With the stoploss there, you were already assured of a small profit should you have been ...

The System II (Yes with irony)

My stoploss is at 4526, an fcr. I also have an order in place at the same spot to catch any reversal.

The System II (Yes with irony)

Nice one Trend, I had same trade but was taken out because I had my stop too close to the heat. But have re-entered a short at 4510 and still on the same bus I hopped off earlier on !

The System II (Yes with irony)

Thanks FXA for being so open. I really enjoy your posts and find them inspiring. Good karma to you !

The System II (Yes with irony)