ADP Non-Farm Employment Change — Coming up at 1.15 gmt, may be a good time to be on the sidelines?

The System II (Yes with irony)

Andrew, thanks for your kind words. Under 4618 would have been smarter for me, for the sake of 6-7 pips. On to the next setup...

The System II (Yes with irony)

Paul, I also thought 4616 was a reasonable spot, once price had moved far enough away. If you're still in, hope it keeps going for you. cheers.

The System II (Yes with irony)

Out — I got out at 4623, price had faltered 4 times at 4627, so thats it. Looks to be consolidating b/w 4627 and 4618.

The System II (Yes with irony)

Stop under the runner? — Euro is moving up, and I'm tempted to raise my stop which is 34 pips away from the action, but I can't see an FCR to place it. Should the stop stay a long way fron the price, or is there another suggestion? I used to ...

The System II (Yes with irony)

Paul, I also got spooked on the first retracement, and thought I'd be lucky to BE, but managed to stay cool enough to let it run up. Still going higher, fingers crossed. This forum has been great for my emotions, and my addiction to indicators!

The System II (Yes with irony)

Asia session — Started in this session, currently long since 4589, and trying to stay relaxed during the pull-backs. And trying to keep the stops a sensible distance from the action. ttb, I am staying focussed on EurUsd in line with this ...

The System II (Yes with irony)

Long entry? — Thought it might be time to test a long entry, liked the long tail at 6.10 GMT, long at 4635, stop below 4624 at the base of the long tail candle. image

The System II (Yes with irony)

Valid FCR — en0x, the place you had your stop looked a valid FCR to me, I had it marked on my chart. Do we need to keep stops back at 2nd previous FCRs? Cheers.

The System II (Yes with irony)

Bracket now? — Tempted to place short entry order below 4617, but concerned this is a bracket formation, and my order would be hit, then price reverse to top of bracket. Am I being paranoid? (en0x, your earlier comment about waiting for ...

The System II (Yes with irony)

Out now — I was out of the short at 4604, but was away from computer and didn't take a long at 4604, which begs the question, why didn't I have an order outstanding to go long at 4604?? A lesson for me I think. Fx's post from yesterday was ...

The System II (Yes with irony)

Short — Johannes, Thanks for your reply. I think a 123 may have happened just now. cheers John

The System II (Yes with irony)

Anyone watching the market? — Recent FCR at 4624, does it make sense to go short under this? My stop would be just above recent FCR high at 4635? Thanks. image

The System II (Yes with irony)

Long - out — Got out at BE, retrace too long, too far for me. DAX is falling, SP500 futures too, too much against staying long.

The System II (Yes with irony)

Paul, thanks, will do that. The only indicator I use is the HH/LL of the past 2 bars, helps me locate FCRs, but will take off before posting in future. cheers, John

The System II (Yes with irony)

Long no more — Had to go pay bills, moved stop up to BE, and now out on retracement. Now if it keeps moving up, where to get back in? Back in after long tail two bars ago, then higher high on this bar. cheers. image

The System II (Yes with irony)

Long — Went long @ 4599 before big red candle dropped down to 4581, almost stopped out, but still in the trade, we'll see what happens. cheers. image

The System II (Yes with irony)

Probation? — Probation was just my word for the initial period for new members, where all replies to the thread go through a moderator, with up to 6 hrs delay. cheers John

The System II (Yes with irony)

Staying in the trade — en0x, Something I do to reduce the temptation of getting out of a trade too early: visualise that the trade is about to go 80 pips in my favour This creates the expectation of what is possible, and for me it increases my ...

The System II (Yes with irony)

Asia session — en0x, When I get off probation, I would like to be part of an Asia session discussion, being in Melbourne, I trade from about 23.00 GMT to about 14.00 GMT. thanks John

The System II (Yes with irony)