I was thinking the same too earlier before I was taken out for -2. In hindsight, perhaps the SL was too near the heat and should have remained at the previous fractal. Never mind, it's back to the grind....wash, rinse and repeat till we hit that ...

The System II (Yes with irony)

Thanks alot mate.

The System II (Yes with irony)

Thanks for the explanation. Yes I always have a hard stop in place. I think the important thing here is that we all had a plan in mind and we stuck to it even with different results. That's discipline. (which I lack sometimes but working hard at ...

The System II (Yes with irony)

Thanks Skris. I must have missed that post. I am still reading through the thread and going over my notes. As for the reasoning behind my action, I was applying #2 play and hesitated to close the trade at BE when price didn't bounce. Also I was ...

The System II (Yes with irony)

Good morning Ready. May I ask why you exited at 4537 ? I resisted the temptation and waited for the fakeout to shape out. When price returned back to my entry level at 4527 I allowed it just a bit more time when it didn't bounce. I hope I am playing ...

The System II (Yes with irony)

Thanks for the feedback Bubola. I am still learning. I am still in my trade, moved my SL to 4541 just above the fractal, so now risking 14 pips and hoping for a runner !

The System II (Yes with irony)

Price retraced after breaking 4527 by 1 miserable pip. Going to play defence #2 .

The System II (Yes with irony)

My bracket trade (short 4527) just triggered. Taking every shot as it appears as per plan.

The System II (Yes with irony)

I know I don't post much in here but I can say that I have learnt a lot trading Feb's System 2 through FXA's eyes. I came across this thread when it first started. I liked what FEB was teaching but for some reason I couldn't bring myself to trade it ...

The System II (Yes with irony)

Nice trades Ready. I took the same first trade as you but after I closed it due to the double top, I missed the ride up when the break happened. This was due to me still being influenced by that double top rather than just trading the set-ups as it ...

The System II (Yes with irony)

I missed the ride up due to my inexperience when I chickened out on my long trade at 4492 after I saw the double top. But I waited patiently and was able to catch the reversal from 4559. With the screen time and following and observing the examples ...

The System II (Yes with irony)

Thanks for the feedback. Will continue to practice until I get it.

The System II (Yes with irony)

Just played #2 and closed my long at BE.

The System II (Yes with irony)

Just got taken out at 4487 where I had placed my stop at the FCR. Am now long at 4487 too. Hope I am trading this correctly from my understanding of the thread. By the way these are live trades as well.

The System II (Yes with irony)

Hope you guys are on the fcr at 4494 ! I am going to play #1 with this reversal break.

The System II (Yes with irony)

Thank you Fx. Yet another uplifting post from you. I am slowly reading and absorbing all the very helpful posts in this thread and already I am stating to see the light at the end of my once very dark tunnel. A very merry xmas and a happy new year ...

The System II (Yes with irony)

url

Breakout System

For those feeling lost ! — url

5 minute Wave Analysis. (Intraday price action method)

Yes, I can vouch it's all true. Impressive results. Many thanks to Paulus for his many helpful ideas on this forum. Bakuli

StewartR - I want my trading to be boring.