Ok I was talking about trading on the pullback itself like many Fibonacci traders do Peace

The System II (Yes with irony)

Here's the answer above. Just remember two things 1) Don't you ever believe because you had a winner one day, you got it made..again you're here for the long haul 2) If you get a loss, just deal with it..again you're here for the long haul and the ...

The System II (Yes with irony)

Thanks for the compliments. I always feel happy whenever I can help a fellow trader Counter trend trades, if we're talking about counter-trading is the sense of using it as a strategy, yes, sometimes. But I do that on indices mostly. If I turn the ...

The System II (Yes with irony)

Thanks a lot for your kind words and compliments I received several private inquires about different subjects and concerns. Listen Trading is nothing more thank a game of probabilities. In the true sense of matter, your title is a speculator. You're ...

The System II (Yes with irony)

well come to the thread Thanks a lot for your kind words. your English is fine. Peace

The System II (Yes with irony)

if the pullback goes deeper pass the middle of the swing high/low, there's a possibility of a weak comeback or either a change of direction. Peace

The System II (Yes with irony)

well, yes..you can still ride the trend either on low time frames. In my charts, I can have them to show period separators for 1 hour or more even on lower time frames. Actually I have them on 1 hour/five minutes. Thanks for you kind words peace

The System II (Yes with irony)

thanks a lot for your kind words..hope it helps

The System II (Yes with irony)

Ok ..time frames in reality doesn't matter. I believe you can see what's been happening in 1 hour using a five minutes chart. You can use any time you want, just that 5 minutes will gives you a quicker entry Just remember, the market doesn't have ...

The System II (Yes with irony)

sorry I didn't reply your question properly I play any of them, no preference I think GPB/USD has given me better results..but any of them are good you guys are attached to spread so my suggestion go with the lower spread Peace

The System II (Yes with irony)

I think EUR/USD - USD/CHF and GPB/USD probably you can go higher with GPB/JPY = 40 ticks Peace

The System II (Yes with irony)

OMG I forgot the rules LOL..well I have them in one of the charts Yeah seem like everything have rules in this life. Here we go 1) wait for the market to have a 30-40 ticks swing at any direction 2) Wait for a retracement 3) set 2 horizontal lines - ...

The System II (Yes with irony)

Trading is stressful by nature The best thing is to have stress-free chart environment when you trade. You pull the charts, check the mayors, already have 2 horizontal lines from the day before. You notice that cable has a "qualified" swing and it's ...

The System II (Yes with irony)

Fibonacci Retracement is a powerful trading yet little understood for many people. But in my own very biased and personal style of trading, I don't like to sit on my butt waiting for the market to retrace back to 38/61/78 % in order to place a ...

The System II (Yes with irony)

There's to things we need to talk about 1) Fibonacci Retracements 2) Indicators based on past price action I will elaborate in the next post Stay tuned Peace

The System II (Yes with irony)

Ok I am back Trade management has many colors/combinations Some people prefers to scale out a position at x many pips and let the trade ride. Some others trail stops in x amount of increments. I strongly suggest to include some sort of trailing ...

The System II (Yes with irony)

Just to talk a little more about the initial swing AKA impulse wave This is not a rule set on stone. Maybe you can get away with a initial swing of 20 pips. Just that you need to be aware of what you do. I prefer anything over 30 to be on the safe ...

The System II (Yes with irony)

Need to go back a lil' Please look at the atachement. This is just to clear any confusion Peace

The System II (Yes with irony)

Ok The first thing we need to do is to qualify the swing. A real headache for some Fibonacci traders(no offense intended please). Well, I decided to do a lil' research some years ago and it's kinda complicated. See, there's something called ...

The System II (Yes with irony)

Ok looks good right?? simple easy??/ no way There's two issues with this "strategy" 1)trade management 2) risk 3) exits ah!!! everything looks nice in hindsight...isn't? For all of you who followed my on the system 1, you know that I don't preach ...

The System II (Yes with irony)