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The System II (Yes with irony)

  • #4,041
  • Aug 25, 2009 5:45am Aug 25, 2009 5:45am
Quoting moneda
FX,

You liked that one eh?.... you must be a poker player!

Maybe the market will show us its hands after the news.

Good luck to all
thats right baby.. love texas holdem no limit.. vegas's blagio is my mecca.. bluff the fuck out of people of there wining hand and showing it off.. lol

well so far this market is bluffing us..
  • #4,042
  • Aug 25, 2009 5:46am Aug 25, 2009 5:46am
Quoting fxpilot
Hi FX,

Just seeking clarification and trying to understand FCR. If price breaks 1.4319, you will sell? Thank you.

fxpilot

yes..
and i invented the name.. lol
  • #4,043
  • Aug 25, 2009 5:51am Aug 25, 2009 5:51am
Quoting DesertFX
I think we could have a bracket in the making FX ... News coming out in 20 mins ... so we could see some action if numbers are out of consensus.
uhhhhhhh.. i am shaking..
I only sit out the majors my friend.. cbcc can eat my nuts.. i will not let that make me miss an a opportunity.. its a wash 50/50..
I know.. its outside box thinking.. but thats me..
  • #4,044
  • Aug 25, 2009 6:09am Aug 25, 2009 6:09am
Hahaha ))
  • #4,045
  • Aug 25, 2009 6:11am Aug 25, 2009 6:11am
FX

Dude ) The evolution of this thread is amazing.

We started with the basic 1-2-3

Now:

* 1-2-3
* Fractals
* Brackets
* News what news ?

Lol
  • #4,046
  • Aug 25, 2009 6:12am Aug 25, 2009 6:12am
FX ... what you doing now? sitting on your hands? and waiting for a correction to the downside?
  • #4,047
  • Aug 25, 2009 6:26am Aug 25, 2009 6:26am
Quoting DesertFX
FX ... what you doing now? sitting on your hands? and waiting for a correction to the downside?

what i am doing is kicking myself for not being quick enough to get on this ride at the break of 4306.. so yes just sitting on my hands and legs to get the next high probability entery.. I won't get cut up in the middle of the fire once i missout.. been burn toomany times.. its discipline.. I have accapted the fact that i made a bobo.. so waiting for the next bus..

no evolution.. 1-2-3 is our blue prints and bread and butter as to how we began and improved our naked eyes reading of the PA off of the very first a few pages of this thread.. this ship must move forward as we all improve and get the hang of the 5m chart behaviour..
  • #4,048
  • Aug 25, 2009 6:38am Aug 25, 2009 6:38am
Today for sure has been a learning experience for me. Just watching price action.

The value one receives by just looking at price is really incredible.

I can understand now why indicators take away from the source, you perhaps miss the real picture.
  • #4,049
  • Aug 25, 2009 6:39am Aug 25, 2009 6:39am
I think we are topping out in EURUSD here.
  • #4,050
  • Aug 25, 2009 6:56am Aug 25, 2009 6:56am
I am bailing out for night, the flu has gotten the best of me. Traded two winners today though, breakout trade and a 123 breakout trade. (closed it when price reacted at previous high)
Quoting DesertFX
I think we are topping out in EURUSD here.
Survive and Preserve
  • #4,051
  • Aug 25, 2009 7:05am Aug 25, 2009 7:05am
Fractal in the making
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  • #4,052
  • Aug 25, 2009 7:17am Aug 25, 2009 7:17am
short based on FCR.. lets see if it trun into a runner..




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  • #4,053
  • Aug 25, 2009 7:37am Aug 25, 2009 7:37am
it wouldn't be a ride without a retrace.. wait for it to show his reall hand.. hold you ground.. thats what i am doing.. playing #2
  • #4,054
  • Aug 25, 2009 8:07am Aug 25, 2009 8:07am
Hi Fx,

I noticed your sell. However, would a buy at break of 1.4335 be valid. Thank you.

fxpilot
  • #4,055
  • Aug 25, 2009 8:32am Aug 25, 2009 8:32am
Quoting fxpilot
Hi Fx,

I noticed your sell. However, would a buy at break of 1.4335 be valid. Thank you.

fxpilot
Technically that is a fractal ... however because the break is around 4pm London time ... the trading session is coming to a close. So probably not advised.
  • #4,056
  • Aug 25, 2009 8:34am Aug 25, 2009 8:34am
yes.. its valid..
  • #4,057
  • Aug 25, 2009 8:51am Aug 25, 2009 8:51am
Quoting fxachilies
yes.. its valid..

Hey FX,

Today the lesson for me is be careful of the choppy price action. Also don't let a losing trade take your focus away from your target, which is to capture every possible valid opportunity.

Would you agree with me?
  • #4,058
  • Aug 25, 2009 9:00am Aug 25, 2009 9:00am
Quoting DesertFX
Technically that is a fractal ... however because the break is around 4pm London time ... the trading session is coming to a close. So probably not advised.
DFX
you are a little toomuch hung up on details.. paying too much attention to details and other factors other than pure price action in 5m timeframe will lead you to missed opportunities.. analysis paralysis.. predictions and extra expectations are out the window.. simply put, each break could be the one.. we take almost all of them in here.. can't pick and choose toomuch.. you will endup getting all the nasty fakeouts and no runners.. its a fact.. I been there done that..
enteries are a way to test the market.. IF and THEN.. we spread the load wisely.. have losing as part of our agenda.. we take our shot, then go to work with our expectancy skill and rely on that and manage the trade.. If it fails we look the other way.. market is like moving sands.. sometimes they change direction toomuch and other times they go in one direction for longer time and we back big time on those and try to survive on other times..
if you are looking to be successful with this system II with irony style.. you got to think outside the box and throw away a lot of your old habits and market philosophy.. as i did and others who are successful with this style of trading..

Thank you.
  • #4,059
  • Aug 25, 2009 9:10am Aug 25, 2009 9:10am
Thanks Desertfx and Fxachilies for your response. I am beginning to appreciate your point of view Fxachilies; similar to Febs that looks at executing all breakouts with expectancy in mind. As long as risk management is sound then the plan should work out.

fxpilot
  • #4,060
  • Aug 25, 2009 9:25am Aug 25, 2009 9:25am
Quoting fxachilies
DFX
you are a little toomuch hung up on details.. paying too much attention to details and other factors other than pure price action in 5m timeframe will lead you to missed opportunities.. analysis paralysis.. predictions and extra expectations are out the window.. simply put, each break could be the one.. we take almost all of them in here.. can't pick and choose toomuch.. you will endup getting all the nasty fakeouts and no runners.. its a fact.. I been there done that..
enteries are a way to test the market.. IF and THEN.. we spread the load...

Thanks buddy .. am always eager to hear your feedback.
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