Keep in mind... — This is happening on razor thin volume. Even the NY desk big boys are taking up positions... so I'm told. m

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LOL — Yes... the new world currency... the EURO. Howling.

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When it reaches the top or bottom — When it hits the top of the most recent high. When it hits the bottom of the most recent low. There will always have to be discretion. If the trade stalls... move the stop up or close out for profit.

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Yep. — That's true.

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Forgot that... — 50 or the last top or bottom. I like 50. If it goes further than that the trades probably done anyhow. m

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One last post...Little levity — Three old guys on a park bench. The first one says it's hell being old... it takes me 10 minutes to piss. The second one says... I agree... it takes me 15 minutes to shit. The third guy says.... I hear you... ...

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In theory... — Yes... in theory... and if you follow that it will produce a higher hit ratio. However... I've been known to cheat a little. Trade the system using a DEMO account for a while and see if oversold/bought is really necessary.

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Very good... — I'm Mike. m

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You are welcome — I like simple. Big fan of Occam in Forex and life in general. m

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One more thing... — I want everyone here to be successful. I really do. That being said I'm not looking for feedback, accolades or opinions about the system. If it works for you... great... if it doesn't... great. If you can author an EA with ...

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Caution — If you are new to this game finding a winning system isn't hard. There are tons of them. The key is finding one you can follow and fits your trading frame of mind. m

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I know... — This is the E/U thread. My peeps are on this thread and I don't want a million questions about the system. keep in mind... it's just another system. I don't want to pollute this thread so there won't be many more examples or posts ...

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Fourth Example — Explanation on the chart.

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Third Example - Retrace — It really is self explanatory. If you are a programmer and could author an indicator with some sound I'd really appreciate it. (a .wav file so I could add my own would be super duper)

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Second Example - Retrace System — If you use this system in concert with others - like Pivots - find areas of confluence and your hit rate will be high. m

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Simple Retrace System — Look at the attached chart FIRST. Did you look at the chart? STOP. Read no further and click on the chart to enlarge it. If you haven't looked at the Chart by now then chances are you can't follow simple directions and ...

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Agree... — But there's always an exception. John Arnold Dallas native was raised by lawyer dad, accountant mom. Studied at Vanderbilt U., graduated in 3 years. Became oil trader for Enron 1995; said to have earned $750 million for company in ...

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Retrace System — Several of you expressed interest in a retrace system I use. I still apply pivots but I like retrace systems. I crafted a doc that looks like a third grader wrote it ... if you want it PM me and I'll forward it to you. ...

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Yep... — You would think I'd learn but I was sure it was going to head south. It's what happens when I think. Every single time I 'know' something... my azz gets handed to me. I really have to stop thinking and listen to those damn charts. Low ...

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Yes... — Several bank traders with large trigger fingers decided it was.

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