The System II (Yes with irony)

jplo · #**10276** Nov 4, 2009 9:31am

Quote:

Originally Posted by fxachilies

why didn't u play #1 like usuall?

I know I should but I thought in 3 things:

1- It was right after the news, so it looked quite artificial as you said
2- When price had tried to make a HH after the mini-retrace I was about 10 pips in profit so I thought it was room enough to move SL to BE and let it be...
3- I was starving and I had to go for lunch so I wasn't gonna babysit it....

those were my reasons at that moment, but.... a mistake anyway.....

iak · #**10277** Nov 4, 2009 9:56am

well bugger me sideways the market made a move!

fxachilies · #**10278** Nov 4, 2009 9:59am

Quote:

Originally Posted by jplo

I know I should but I thought in 3 things:

1- It was right after the news, so it looked quite artificial as you said
2- When price had tried to make a HH after the mini-retrace I was about 10 pips in profit so I thought it was room enough to move SL to BE and let it be...
3- I was starving and I had to go for lunch so I wasn't gonna babysit it....

those were my reasons at that moment, but.... a mistake anyway.....

ok.. forget your reason 2&3.. but your first reason, quote: "it was right after the news"..
so now i say to you..
why would u get involve after only 5min of the release !!!.. consider yourself lucky, it could have been one of those nasty fakeouts that put u in negative -20 in a heartbeat..
but u decided to take shot and.. ok, thats fine... but atleast please make the market to pay for it if it goes in your favor (it did in ur case here), give the price the necessary room and ply the plan...
if your not gonna play the plan then what hell are u entering anyways.. I hope it makes sense..
soooooooooo..
if news trading is not part of the plan, don't play.. lol... but if you play anyhow and get luck anyhow then execute the plan..

now to all,
i picked on Jplo in here for a reason (jplo is our rising star and doing wonderfull.. but he is a bit impatient and too aggresive sometimes.. he will second this in a heartbeat by the way and we are working on this for him together).. i know there are some of you out there that do the same stuff in your own shell aswell.. and I felt it was necessay for me to bring it up live in real time atleast once, so it may sink in for good when u see the result with your own eyes liveeeeeeeeee.

ok my main point now..
J took two shots during a absolute sitting on hands time and made nothing maybe lost some.. but the problem is much bigger than that.. when we do this we damage ourselves in two important ways..
A) we go through some unnecessary agonies that could effect our state of mind for rest of the day.. but much worse, B) we practise a bad habit..
be very carfull with that guys..

jplo · #**10279** Nov 4, 2009 10:17am

Quote:

Originally Posted by fxachilies

ok.. forget your reason 2&3.. but your first reason, quote: "it was right after the news"..
so now i say to you..
why would u get involve after only 5min of the release !!!.. consider yourself lucky, it could have been one of those nasty fakeouts that put u in negative -20 in a heartbeat..
but u decided to take shot and.. ok, thats fine... but atleast please make the market to pay for it if it goes in your favor (it did in ur case here), give the price the necessary room and ply the plan...
if your not gonna play the plan then what hell are u...

WOW....

What can I say???

Simply, that you are TOOOOTALLY RIGHT....

You know me, concerning to trading, even more than me myself...

I can only say THANKS again for all you have and you still helps me, and for all your warning calls....
Really apreciate it buddy,
It says a lot (even more) from your selfless generosity....