The System II (Yes with irony)

Guys that was exactly on the news ... and with the data you can tend to get very whippy price action.

Hi All,

Here are today`s trades.

There were some potential trades I let go after the news, they turned out to be head fakes, and as FX said earlier concerning the news itself, this was a 50/50 and happened to benefit me on this occasion.

There is a question from higher by Anthony500 concerning a long trade which I also took and I wondered like Anthony how that should have been handled.

Thanks for the continued commentary Fx, Ari and all the usual posters, very much appreciated.

Thanks

Hi Desert

OK thanks that solves it.

Hi guys,
I took off for a bit after my last short trade on that last bearish ride.. oh it was a sweet day..

and the answer to your question about the long fakeout trade..
yes i did take that and yes i was aware of the news and I was specially double pumped.. bcz if it would have gone bullish it would have been a quick minimum 30pips profit and who knows could have led to a big time runner.. but it reversed immidiately and as Paul mentioned I intend to give the trade room to breath and see how it would react to the LL line before exiting.. I mean let's sit back and think about it.. before i could scratch my head I was 18 pips into loss and price got very close to the LL line.. so it was only to bear with another 10-15pips more to force the price to show his reall hand.. and luckly it reversed back with a quickly bulish candel and I endup closing at negative 2pips.
Guys.. I stick to my plan and hold my ground accordingly, regardless of what market is doing to some degree.. bcz most times mr.market decives the fuck out of you and the only way I can get back at him is to trade with patience and attitude.. will i have bigger losses than normal ones sometimes? yes.. but the reason i stick with such mentality is bcz.. firstly, for the fact that i have reached a point in my trading career that I belive in my ability and know that i can come back soon or later and get it all back and plus.. (keeping my life time motto as a risk taker in the mix aswell).. and secondly, I got a spot for losing in my agenda..
Its my great wish and goal for all of you to get to such point in your trading career aswell if your not there already..

good job everyone today.. I had a huge day as I was more playing my major account, and i think everyone did and should had a great day aswell..

see you all tomorrow before londi open..

Hi Fx,

Great post this really says it all, having the confidence and experience to be able to trade your plan.

Thanks.

Goodmorning all,
we got a nice sideway action bracket look alike going on.. lets see which way it will break.. I got two orders one to top one on the bottom and sl's on other sides..

hey guys,
same here fx lets see what happens

Shorted on breakout. Manage expecations unlike yesterday

shorted of the bracket and mr.fakeout making his presence right away..lol
playing #2 up his ass..

enox.. are you on the ride? i dont see a entery..

http://www.forexfactory.com/images/attach/gif.gif

Took the short on the break of the middle red line. 1.4237.

Number 2? Who is Number 2?

I cahrt with mt4 but use oanda to enter orders, so you wont see them on the charts I post.

Looks like it is a fake, SL still above 4254?

I closed the trade -12 when it got close to minor fcr..
this might break the other way and go on a run.. don't want to risk it.. sometimes you just got the to cut the sucker short..

see u guys in a bit.. got to run a earn..

Hi Guys,
I'm around most of the time, only just haven't been posting,
'cos don't wont to interrupt in lessons you getting from fxachilies.
Re: trading today, it looks to me like the Euro is going to take back
some of the pips which lost yesterday against the US Dollar.
Good trading to all.

Bag, went long on break of 4254
looks like I am goiong to pay for it. 2 trades so far, 2 down

Don't worry, for me it looks like a pull-back to test 1.4250 area, before shooting higher ...

short at 4250, break of s/r? level and the minor FCR

... in brackets orders, but it looks like the long is going to be hit first ...

FX ... How are you playing this market today? Is it the chop monster? Do we stay away?

I am a little busy with unexpected outside stuff today and got friends over to visit me.. I appoligize for not puting enough input..
I have had one trade and closed that for a loss as I realized price is direction less and still up to this point its the same case.. but I am watching things..
If you are out there and taking each FCR and are in the mix of things.. you should not have lost money yet if you have played accordingly and stayed in the control of things and not get frustrated with all this fakeouts and semi feakouts..
"mama said there is gonna be days like this".. not all days are like yesterday.. maybe its the case that, you made todays money yesterday.. thats why i dont get cut up with daily win/loss results..

keep on plugging and stay on top of it once you enter and trade manage the fuck out of it.. these are the days that separates the men from boys.. still taking you chances and surviving and if your expectionally good you can still make money..