Thanks Fx — Fx thank you. It is when I think "what would Fx say here" that I am most successful, and most relaxed.

System 2 (AUD trading)

image Looking back at todays chart now, it seems obvious that we should have stayed in the trade for a lot longer. I have to just follow the plan.

System 2 (AUD trading)

Tricky — An interesting question, as it might be a different trade mgmt that leads us to an evolution of System II for AUD. Who knows? As long as we keep it simple, and repeatable. Wash rinse repeat.

System 2 (AUD trading)

Reasons for the exit — I decided not to hang on for #1, due to RBA talking head at 12, and breach of halfway point in the big bear candle. For me it comes down to what is the reason is for the exit, what emotions drive the decision. cheers

System 2 (AUD trading)

Got out at 9270, maybe early but ....

System 2 (AUD trading)

RBA bulletin 11.30, RBA Assist Gov Debelle speaks 12pm

System 2 (AUD trading)

Morning, looks like we're both short now at 9282.

System 2 (AUD trading)

That would be a disaster, lol, if there are fewer/smaller runners than the Euro ! I guess some forward testing is called for, as you say. Looking at today, the 11.50 am 3 hour "runner" was 20 - 25 pips, but the exchange rate difference means this ...

System 2 (AUD trading)

New fcr at 9284

System 2 (AUD trading)

A key aspect of this method, for the Euro, is the offset between profitable runners, and a low success rate on each trade. The runners are critical to balance out the high rate of losing/BE trades, and if profits are taken early, the runners will be ...

System 2 (AUD trading)

Good entry. There is some good advice on the System II thread regarding taking profits too early, might be worth a look if you haven't done so already.

System 2 (AUD trading)

And a long order about 9290? cheers

System 2 (AUD trading)

Hey Chris, didn't know you set this thread up, I will be joining in too now. Had a dose of the flu in recent weeks, so have been out of communication. cheers.

System 2 (AUD trading)

What other times are no-go?

The System II (Yes with irony)

Missed a few trades when comms failed, waiting for next setup again. Shodd, I trade the setups I see according to the plan, unless a news announcement is coming, or the market is clearly choppy. What aspects of this timeframe don't you like?

The System II (Yes with irony)

[quote=John888;3240220]First trade of the day, enter short at 4863, be out if it retraces much above 4866 out for -10, ready for next trade

The System II (Yes with irony)

Asia session — First trade of the day, enter short at 4863, be out if it retraces much above 4866 image

The System II (Yes with irony)

The flu's kept me away for a few weeks, every attempt I made at a trade was a disaster during that period. Long from 977, a BB. Best wishes to a generous mentor, FX.

The System II (Yes with irony)

Asia open — image Some opening levels of interest to me.

The System II (Yes with irony)

[quote=en0x;3148424]I have a long again but its sitting at -5 for near 40 mins now. Total dead. Looks like higher lows, and a ceiling around 4956, something's got to break soon. image

The System II (Yes with irony)