So Bear, I am assuming you have 2 positions open at the moment? Eur/jpy and gbp/jpy both long?

__________________
All your pips are belong to us!

I think my problem is its 1 am when I start trading and there isnt a lot to do at that time. I got into the habit of being up that early so not sleepy at all any longer.

Guess the ole recumbant bike is gonna finnaly get some work.


thx

You're right, I did sound harsh, and I'm sorry for that. I think that my own experience at changing systems and getting beat up in the process is the reason behind reacting to sort of similar behaviour in others. I've learned the hard way not to jump between systems, not to alter good ones, but try and learn WHAT is the REAL EDGE of a system, and the answer to me is that it's not another indicator. I'm not even trading Bear's right now. I have my own that I use on the daily's, and it's much different. I still come here, because I find his approach interesing, so much as the discussion.

Please forgive me, and if you'd be interested in seeing my mistakes, do visit my blog Flying Money Where you can see my long and never finished route of obtaining trading experience.

kindest regards
Daniel aka FX Flyboy

NICE I'm up 177 pips on e/u

very promising!!! I'm goin let her ride

Hello Bear,
lets say you have discovered that the arrow happened 2 candles a go; do you consider entering the trade after the first bounce or you just don't trade?
It seems to me that it may be still OK since we are anticipating long trades. Am I wrong? So far I have traded your method on a demo with great success. I am planning to trade this with money very soon.
Thanks for your help.
Regards,
Pluto2

Well after all said and done, I only placed 4 trades this week. I was real busy doing other things this week so I wasen't able to focus that much later in the week. We are working on our new signal service.

Here are my trades.

Attached Images

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Forex11,

Let us know more about your new signal service when you have the time!

Thanks

I really wasn't supposed to mention the service yet. All I can say now is when we are ready,we will let everyone know. enough said!

Hey droesparky,

Thats a good idea. I work out late night as well. Talk to my GF in England. read books on Trading & other hobbies. I know the late night life all to well. There are pluses. No traffic. Plenty of parking & no one to bother you.

Keep trading..

Get that C.R.E.A.M.

Bear-

Hey Pluto2,

95% of my FTC trades are on the 4HR chart so that almost never happens to me. If it did however I would look at candle formations and the over all trend. Is it with or against the trend? How much has it moved already? Did I already hit my goal for this month? Is it worth the risk?

If its against the trend I would most likely stay out. With the trend I might be a little more conservative.

Hope that helps.

Get that C.R.E.A.M.

Bear-