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The System II (Yes with irony)

  • #4,521
  • Sep 3, 2009 11:19am Sep 3, 2009 11:19am
ok just excited for the day as I have to leave .. last trade 0.25%
see you guys tomorrow!! bye
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  • #4,522
  • Sep 3, 2009 11:24am Sep 3, 2009 11:24am
Hey Guys---I just came across this thread so I'm new here.
I noticed this basic 1-2-3 price action principle a while back but I guess I just thought it was too simple & never really gave it much thought, because I was too busy trying to learn other more complicated things. Maybe waste of time,dduuuuuhhhhh?

I haven't read the whole thread yet but does anyone have any words of wisdom? Is it really this easy?
I know where I am----I just don't know where I'm going!
  • #4,523
  • Sep 3, 2009 11:44am Sep 3, 2009 11:44am
Quoting capt. ok
Hey Guys---I just came across this thread so I'm new here.
I noticed this basic 1-2-3 price action principle a while back but I guess I just thought it was too simple & never really gave it much thought, because I was too busy trying to learn other more complicated things. Maybe waste of time,dduuuuuhhhhh?

I haven't read the whole thread yet but does anyone have any words of wisdom? Is it really this easy?
Hi, Capt. ok and welcome to the threat...
Usually keeping it as simple is the most difficult thing....
123 setup is the base of this method...
Read the whole threat... really is going to clarify and help you a lot.....
  • #4,524
  • Sep 3, 2009 12:05pm Sep 3, 2009 12:05pm
2 oportunities in bigger view (30 min)
will see what market will do and will be prepared
set ur buy stop and sell stop
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  • #4,525
  • Sep 3, 2009 1:20pm Sep 3, 2009 1:20pm
thx JPLO--talk to you later
I know where I am----I just don't know where I'm going!
  • #4,526
  • Sep 3, 2009 2:07pm Sep 3, 2009 2:07pm
Hi All,

Here are my trades for today.

Thanks for all the useful comments and remarks on the thread as usual.

Hey Fx, I kicked off my new method of holding one runner and taking one off at +21 as I mnentioned I would yesterday, the move after the news really helped me and I was able to hold the runner and make some nice profit. Cheers
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Survive and Preserve
  • #4,527
  • Sep 3, 2009 2:09pm Sep 3, 2009 2:09pm
To Carlos who mailed me about which package I use to draw on the charts I use Snagit form Techsmith. Seemingly the PM did not work.

Cheers
Survive and Preserve
  • #4,528
  • Sep 3, 2009 2:10pm Sep 3, 2009 2:10pm
Quoting oleevier
2 oportunities in bigger view (30 min)
will see what market will do and will be prepared
set ur buy stop and sell stop

hey budd,
Stop posting this higher timeframe charts.. choose one and become the master of it.. I like your thinking thou.. earlier you started with 4hr then down to 1hr and now 30min.. keep this pace up and soon you be at seconds chart .. but do yourself a favor and stop at 5m.. i'll make you a star.... lol

My friend.. in here we practise.. one currency (E/U).. one timeframe (5m).. thats it..

read the whole thread plz before you make any technical comments or displaying charts..

with best regards,
  • #4,529
  • Sep 3, 2009 2:22pm Sep 3, 2009 2:22pm
Quoting PaulLangham
Hi All,

Here are my trades for today.

Thanks for all the useful comments and remarks on the thread as usual.

Hey Fx, I kicked off my new method of holding one runner and taking one off at +21 as I mnentioned I would yesterday, the move after the news really helped me and I was able to hold the runner and make some nice profit. Cheers

Paul, my man.. nice job with that 4th trade runner.. I am happy for you, to see making these adjustments and not being afraid to implementing a new thing.. soon enough with a few more good results it will become a habit for you and your bottomline its gonna look fat.. I gurantee you.. again, awsome job.. proud of you budd.
I got 65 on that one myself too.
  • #4,530
  • Sep 3, 2009 2:42pm Sep 3, 2009 2:42pm
Guys.. the chart below is my chart for the day..
entery/blue shades.. exits/yellow thick line.

I did not take trade #2 because i sat out for todays major bullshit news..

i had 4 trades.. made close to two shy of hundi pips.. taking full maximum of todays opportunites.. and thats what its all about.. these are the days that makes up for days like yesterday..
bottomline is everything..

check out my chart as to where my enteries and exits are.. but what i want you to really pay attention is my fcr lines.. i draw the them immidiatly as soon as one is formed when i am trading live.. it keeps me sharp as to whats happening with price.. it helps me with..
1) to hardly miss a entery opportunity
2) know where my exits should be.. (cutting the sucker short)
3) keeps me to go toe to toe with the PA.

so check it out compare it to yours.. let me know if you got a question..

see you all tomorrow before london open..

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #4,531
  • Sep 3, 2009 3:35pm Sep 3, 2009 3:35pm
good trades

sorry about my posting.
i promise will not post anymore charts higher than 5min
  • #4,532
  • Sep 3, 2009 3:39pm Sep 3, 2009 3:39pm
Hi every body, i have been following this thread for a while now, as a (voyeur)..lol So interesting and full of valuable infos. I live in TASMANIA, which is the little island south of AUSTRALIA,,, It's a nice and clean place to be.. Trading UK time is not too bad atm. I trade AUD/USD in the morning with SYDNEY/ASIA session.. but prefer LONDON session...Thanks to all the posters and mentors. Have a safe trading day.

THE FRENCHMAN FROM DOWNUNDER....
  • #4,533
  • Sep 3, 2009 4:01pm Sep 3, 2009 4:01pm
have question ,

author pointed that swing on majors should be 30-40 ticks.
I observe u guys very often use much smalles swings like 20pips

has it influence to moves size ?
  • #4,534
  • Sep 3, 2009 4:19pm Sep 3, 2009 4:19pm
Quoting fxachilies
awsome job.. proud of you budd.
.
Down to you my friend.

Thanks.
Survive and Preserve
  • #4,535
  • Sep 3, 2009 5:45pm Sep 3, 2009 5:45pm
Quoting fxachilies
Guys.. the chart below is my chart for the day..

check out my chart as to where my enteries and exits are.. but what i want you to really pay attention is my fcr lines.. i draw the them immidiatly as soon as one is formed when i am trading live.. it keeps me sharp as to whats happening with price.. it helps me with..
1) to hardly miss a entery opportunity
2) know where my exits should be.. (cutting the sucker short)
3) keeps me to go toe to toe with the PA.

so check it out compare it to yours.. let me know if you got a question..

http://cdn.forexfactory.com/images/attach/gif.gif...
Hi Fxachilies,
I have read the first 88 pages (well over 1000 posts) and understand the 123 trade setup explained. Skipping to the end I see that you are talking about fractals and #1 and #2 type trades. Could you please let me know the page number I can read from to understand these things. I know I should read the whole thread but...

kind regards,
John.
  • #4,536
  • Sep 3, 2009 11:48pm Sep 3, 2009 11:48pm
Quoting johny pip
Hi Fxachilies,
I have read the first 88 pages (well over 1000 posts) and understand the 123 trade setup explained. Skipping to the end I see that you are talking about fractals and #1 and #2 type trades. Could you please let me know the page number I can read from to understand these things. I know I should read the whole thread but...

kind regards,
John.
welcome to the thread John,
ya that be page 89 and on.. sorry every page counts.. you dont have to read every little post.. just skip through them and read and reread the important ones..
  • #4,537
  • Sep 4, 2009 12:10am Sep 4, 2009 12:10am
Quoting oleevier
have question ,

author pointed that swing on majors should be 30-40 ticks.
I observe u guys very often use much smalles swings like 20pips

has it influence to moves size ?
it does for you but not for me and some others here ..

Make the effort to read the whole thread.. if i answer your question at this point I be doing you a harm..
  • #4,538
  • Edited 1:11am Sep 4, 2009 12:39am | Edited 1:11am
Newbies,
You need to read the whole thread before could understand what we do in here at this point.. why we do it.. how we do it..

one step out of time.. master the 123 and work your way up.. the core of this thread is to train your naked eye to see the price action of 5m chart in its purity.. 123 is our bread and butter.. its the ground work.. firstly you need to believe in it, the simplcity throws people off, no indicators throws people off.. you need to get over these two before anything.. once ready to dedicate yourself, then.. secondly, practise it along with the expectancy, which is the back bone of our style here.. then start putting the pieces toghether for yourself as to how it will fit your personality, comfort level.. then actually have some success, be a profitable consisten earner with 123.
this thread has been keept as to its orginal as possible, and it has been mine and other mentors greatest effort to keep it that way.. its for our own good not like doing anyone a favor.. what we do at this point is no different then 123.. its just taking shot a little quicker as you see uniqer opportunites.. but to be profitable is anothor story.. I am not gonna tell you what you got a do now bcz i want you to do the ground work as it is vital to your longterm success with this style.. you got to train those naked eyes.. to become naked tigger eyes..

I know its a lot of pages and its getting longer at a fast pace.. but got a do it.. period.. sorry.. but i promise you its worth a million dollars of goods.
what i suggest is to keep up with the days pages as you are reading the past pages of the thread, so you are aware of whats happening now and feel yourself part of the family aswell.

Good Luck.
  • #4,539
  • Sep 4, 2009 12:55am Sep 4, 2009 12:55am
I am long based on bracket breakout.. lets see what happens..

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  • #4,540
  • Sep 4, 2009 1:01am Sep 4, 2009 1:01am
afternoon all, i am with u on this one fx
Survive & Preserve
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