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- PaulLangham replied Sep 18, 2009
Hey Fx, Another great post. I personally like the way you always use real life analogies to describe trading styles and techniques,’ free ride on the bus’, ‘in the diver seat’ etc etc. I can really understand what you are saying when it’s put like ...
The System II (Yes with irony)
- PaulLangham replied Sep 18, 2009
Hi fx, I closed at 74 for +39 which is nice , now sitting long on FCR break from 76 with stop at BE
The System II (Yes with irony)
- PaulLangham replied Sep 18, 2009
This a great example almost exactly what you drew on your play #1 and play #2 charts a few weeks back.
The System II (Yes with irony)
- PaulLangham replied Sep 18, 2009
Hi Fx. Ok no problems, there is enough gold scattered around here anyway for us guys.
Looking at my charts again overnight and responding to a couple of question people raised, it is clear to me that the trade was play #2 and I personally ...The System II (Yes with irony)
- PaulLangham replied Sep 18, 2009
Hi Elizo, Thanks for your question. Good observation, in fact it is simply due to the fact that I can't do both the Europe and US sessions on all day's, so there are gaps in my trading where I am not at my screen. I mark the FCR's anyway for ...
The System II (Yes with irony)
- PaulLangham replied Sep 18, 2009
Hi Andrew, Thanks for your comemnts. Totally agree about playing #2 and thr fakeout, I guess I simply was not fast enough on this occasion to recognize this one was going to turn round and head south - although the very little progress price ...
The System II (Yes with irony)
- PaulLangham replied Sep 17, 2009
HI Here are my trades form today. MY trading session has been split today, early London and Eurpena , break following news, then later NY session Trade 1 - OK but in rerospect I should have bagged more pips on this one, using expectancy to read that ...
The System II (Yes with irony)
- PaulLangham replied Sep 17, 2009
Hi Tg, I am sure one of the others or FX will alos give their comments byt can I offer you mine. Firstly I would great to post th trades as then people can see where you are at
Trade 1 this was covered a few days back and relates to the ...The System II (Yes with irony)
- PaulLangham replied Sep 17, 2009
Mac, Fx talks about IF....THEN... It is sort of rinse and repeat if you like. Almost like playng a video game. Take action under certain circumstances,take another action if X then happens, take yet a different action if Y happens.
The System II (Yes with irony)
- PaulLangham replied Sep 17, 2009
Fx This would be really great as today`s session a little like yesterdays was slwo because of impending news with long ranging bars even though there was a slow side stepping movement. I for one would appreciate continued discussion on it. Thank
The System II (Yes with irony)
- PaulLangham replied Sep 17, 2009
I entered at 20 and am still holding currently 40
The System II (Yes with irony)
- PaulLangham replied Sep 17, 2009
For me where you went long is valid, I alos did, however there is a better entry lower down which I missed - referr to the post I just made about getting in early. remeber quoting FX this is IF...THEN.... I also missed the trade, but this becomes ...
The System II (Yes with irony)
- PaulLangham replied Sep 17, 2009
Hi MAc, yes excellent point, I had also been thinking this. It would have been especially so if you got involved in the short right from the top. This is what FX is going on about all the time getting into the move early. This means you ride out ...
The System II (Yes with irony)
- PaulLangham replied Sep 17, 2009
yes this is what we were talking about the otehr day - I think I am more inclined to get in earlier than later though - I normally do except this time I simply didnt see the FCR
The System II (Yes with irony)
- PaulLangham replied Sep 17, 2009
yep I guess that had we been long at 39 on the lower FCR we could have bailed at the failure to break 34
The System II (Yes with irony)
- PaulLangham replied Sep 17, 2009
Actaully there was an FCR lower than 45 - I didn't see it either but you have it marked up nicely in your chart. Sometimes I think it depends on feed or even colour of the chart background. I have noticed that some feeds do not draw in the tails and ...
The System II (Yes with irony)
- PaulLangham replied Sep 17, 2009
yes I did. When it is all over maybe FX can comment on this but it took me out at 27 for -17 for me with no real chance to bail at BE. Plenty of time to get it back once we start trading the NY session . News 08:30 remember I
The System II (Yes with irony)
- PaulLangham replied Sep 17, 2009
yes looks like DB mayeb upside now - but very slow in anycase - but ready at 44
The System II (Yes with irony)