Ok here's another situation don't make the "rule of 20" a hard and fast rule. I mentioned this before. make sure your stop-loss is away from the noise, especially if you're trailing 1 tick at the time like me. Peace

The System II (Yes with irony)

Shreem you just made a great observation based on your charts, there's something I should tell you guys about the markets swings/trends has pullbacks and corrections in essence it's just about the same...some guru's argue that corrections are deeper ...

The System II (Yes with irony)

A side not about the last charts This not how I trade ES. I use this method today as I felt it is appropriate for you guys to see another market. It works really good, but is not my style on indices. All my trades are live trades..I don't demo ...

The System II (Yes with irony)

there you go that's the idea Peace

The System II (Yes with irony)

This is a trade on E-mini S&P (ES) Just one side note on the charts the rest it's up to you to analyze Still ll riddin' the trade by the way Peace

The System II (Yes with irony)

you can scale out a position if you want I am not a fan of scaling out but some people do it...no big deal.. Just be sure that scaling out increases your risk and minimizes your profit. The whole idea of scaling out in my humble opinion is to look ...

The System II (Yes with irony)

there you go That's what I am talking about Peace

The System II (Yes with irony)

you are definitely close but let me elaborate Higher/highs - lower lows...that's a key ingredient in order to read the markets the market "failed" to move higher...oh yeah I got stopped so I tell the charts ( yes I talk to the markets) "are you're ...

The System II (Yes with irony)

Another trade see atachement

The System II (Yes with irony)

Here's a trade I just finished like 10-15 minutes ago notice that I did a re-entry can anybody tell me why I decide to re-enter at the same spot ??? same price ?? by the way I am using currency futures. The feed it's not the same, but the swings are ...

The System II (Yes with irony)

Hey..no problem..your question is valid Intermarket relationship is something I use. But is far complex and I was thinking about starting a thread about it but it's really time consuming. Forex has it's own swing but there's certain situations which ...

The System II (Yes with irony)

yep...that's how I do...actually my platform takes care of that. Peace

The System II (Yes with irony)

jed you got to be in the line of fire. It takes time. That's why I don't believe in hindsight. Trading is difficult. There's many things that will definitely work against you.. the best you can do is to stacks odds in your favor...let the market ...

The System II (Yes with irony)

hahahaha that's cool... no, I use them because they look good......I don't have any bias toward candlesticks, bars etc... if you want to be consistent in this business here's an advice I got for my mentor on the floor around 1984 " You trade the ...

The System II (Yes with irony)

Yes they're. I don't use them for a strategy. Just for illustration purposes only Peace

The System II (Yes with irony)

Good question and yes it might affect...especially when you get into news a big move like this, usually has a counter-trend move which might turn the market the other way. Surprisingly, sometimes it retraces and resumes the original swing. If that ...

The System II (Yes with irony)

exactly here's what I wrote on post #18 "see, the problem I have with pullbacks/retracements is that you can get caught up in the middle of a fire. Also, as we don't know what the market is going to do next, I assume that if the market continues the ...

The System II (Yes with irony)

nobody knows for sure....Trading is a game of probabilities....it might it might not If you lose, deal with it...if you win, stay calm and look for the next opportunity. Peace

The System II (Yes with irony)

I am no sure what you're looking for but I'll do my best In terms of the swing, they have to be formed already with 30-40 pips and the pullback has to be on it's way before you start placing a stop order The "pattern" as you said, has to be formed ...

The System II (Yes with irony)

Yes, the possibility of losing is there. As with any other method. Just look at my first post on this thread....losing is part of this business. But if you apply this method religiously, you should come ahead I trade in many ways, and yes I still ...

The System II (Yes with irony)