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The System II (Yes with irony)

  • #4,621
  • Sep 4, 2009 7:50am Sep 4, 2009 7:50am
ahhhh feels so good...

to take the other side of the run!!!

hope you guys got the short...

See ya!!

Good Luck.
Peace
  • #4,622
  • Sep 4, 2009 8:05am Sep 4, 2009 8:05am
Quoting feb2865
ahhhh feels so good...

to take the other side of the run!!!

hope you guys got the short...

See ya!!

Good Luck.
A little bit late, but enough to ride down from 24 to 7... +17 pips!

Thanks very much for all your comments and positive bias, Feb. I am still reading the whole thread and the most important thing is the respect to other's approach and the altruism of your whole message. Thanks for sharing your knowledge... and hope your health is ok.
  • #4,623
  • Sep 4, 2009 8:19am Sep 4, 2009 8:19am
Quoting elizo
A little bit late, but enough to ride down from 24 to 7... +17 pips!

Thanks very much for all your comments and positive bias, Feb. I am still reading the whole thread and the most important thing is the respect to other's approach and the altruism of your whole message. Thanks for sharing your knowledge... and hope your health is ok.

Thanks..

Glad you got some of the nice run down..

Unbelievable that for some of my friends, this is their one trade a month!!

I respect that - everyone is different.

I recoup most of the dough I lost on gold this week plus I got some equity (+) from E/U...can't complain.


carry on guys...I won't bug you today...Just a humble observer.
Peace
  • #4,624
  • Sep 4, 2009 8:45am Sep 4, 2009 8:45am
Before anything i want to pay my appreciation to an excllent post by my man Davidb.. well put my friend..
quote:
"This is a deceptively easy to understand way of trading and a deceptively difficult one to master".. could not put it any better..
and your reference to Jplo question in post 4582 is an a excellent example.. I would reply to questions like that all day long.. when it comes from someone who I know is a dedicated guy and is a student of the game and has put in the time..

Thank you David.


guys all of this stuff today started with a post about entery..
so i want to breakdown this entery issue once for all in a much clearer manner..

Enteries at best are a 50/50 chance.. (if someone tells you otherwise your being fooled..)
enteries are a way to test the market.. thats it.. no more expectations than that..
all we are doing is testing the market at high probability spots like 123 and FCR..
now.. key word.. Probability.. not certain..

check it out..
you got three Apples.. two are rotten under the peel and one is the most testiest apple in the world.. of course they all look beautiful from outside.. and you got to taste each one in order to get to the good one..
so the first one you take a bite and see its totaly rotten and you throw it away right away.. (thats surviving #2.. fakeout).. the second one you take a few bites and see its semi rotten and your throw it away..(thats surviving with maybe a little profit.. #1.. semi fakeout).. now the third one perfectly fine and tasty.. (simply good enough to take you the promise land..)

So...
33% losers..33% semi losers.. 33% winners.. you got to go through the whole 100% in order to get to the winners.. and 66% is against you and 33% is for you.. now this don't sound to good right?
but then craft and skill comes in.. thats your "expectancy".. cuts the losers short for you and led your winners ride (the old saying.. but so true).. and my post 4219 comes in with minute details as a guide to show you how and when, and my live trade displays (your getting atleast one a day) till you get the hang of it and it becomes a habit for you after some time then you do it automatically on your own.

Expectancy shows, how you can survive with less damage the nasty 66% so you can get to the sweet 33% and taking max advantage of it consistently..
forget the mentality that your just gonna fall into the 33% winners.. if you do once in while its by accident.. if you do it regurarly its bcz of the consistency of your work..

got to go through all of them.. taking the bad with good and sharpening up your skill as to enrich limit the losses and extend the winners..

enough said.. Good luck.

I typed this as i was enjoying my short trade taking the pull of other side as my dear friend feb suggested.. good for 38 pips..
Thanks again feb.
  • #4,625
  • Sep 4, 2009 9:11am Sep 4, 2009 9:11am
FX,

Nice analogy.... however.... don't forget what happened to Adam and Eve! seriously though....use your equity(money management correctly) so can survive the rotten apples.

Thanks
Unus pro omnibus, omnes pro uno
  • #4,626
  • Sep 4, 2009 9:14am Sep 4, 2009 9:14am
Trade long.
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Survive and Preserve
  • #4,627
  • Sep 4, 2009 9:33am Sep 4, 2009 9:33am
Quoting fxachilies
guys all of this stuff today started with a post about entery..
so i want to breakdown this entery issue once for all in a much clearer manner..

Enteries at best are a 50/50 chance.. (if someone tells you otherwise your being fooled..)
enteries are a way to test the market.. thats it.. no more expectations than that..
all we are doing is testing the market at high probability spots like 123 and FCR..
now.. key word.. Probability.. not certain..

check it out..
you got three Apples.. two are rotten under the peel and one...
Really happy to see you posting like this, as usual buddy....
Botton line, "another 24-carat gold touch" which goes straight on to my saved posts, into my favourites folder...

Also important Moneda's touch about complementing it with money managment....
And of course, Feb's new aport about trading news....
Could we ask any more?, of course not....

This threat is really implementing over and over its value and wisdom...

THANK YOU V.I.P GUYZ
  • #4,628
  • Sep 4, 2009 9:42am Sep 4, 2009 9:42am
I am not sure if my little thanks helps but thanks to the people who spend their time and effort writing posts here. I(as I know the rest of us) really appreciate you taking time from your life to assist others. A big big thank you
Survive and Preserve
  • #4,629
  • Sep 4, 2009 9:43am Sep 4, 2009 9:43am
Stop moved to new FCR , stop @ 4215.
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Survive and Preserve
  • #4,630
  • Sep 4, 2009 9:47am Sep 4, 2009 9:47am
Quoting en0x
I am not sure if my little thanks helps but thanks to the people who spend their time and effort writing posts here. I(as I know the rest of us) really appreciate you taking time from your life to assist others. A big big thank you
DITTO
I know where I am----I just don't know where I'm going!
  • #4,631
  • Sep 4, 2009 9:53am Sep 4, 2009 9:53am
Quoting feb2865
Thanks..
Glad you got some of the nice run down..
Unbelievable that for some of my friends, this is their one trade a month!!
I respect that - everyone is different.
I recoup most of the dough I lost on gold this week plus I got some equity (+) from E/U...can't complain.
carry on guys...I won't bug you today...Just a humble observer.
Yes, definitively everyone is different and that has to be respected,
... but, what the hell ... one trade a month ... I could not handle this,
I do enjoy this shit too much ...
Anyway, NFP is over, next one in a month time, maybe the effect will be stronger then this one
... 'cos 70 pips is long ... long way from the top record
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  • #4,632
  • Sep 4, 2009 9:59am Sep 4, 2009 9:59am
Quoting DareXau
Yes, definitively everyone is different and that has to be respected,
... but, what the hell ... one trade a month ... I could not handle this,
I do enjoy this shit too much ...
Anyway, NFP is over, next one in a month time, maybe the effect will be stronger then this one
... 'cos 70 pips is long ... long way from the top record
Congrats buddy!!
You have almost managed to take the whole ride down...
65 extra pips from NFP in a quickly mode is never a bad thing... jejeje..
  • #4,633
  • Sep 4, 2009 10:01am Sep 4, 2009 10:01am
Trade is really really slow, after NFP doesnt look like much punch, or everyone is having an early lunch. Oh, the UK bankers are on beer 'o' clock by now.


Quoting en0x
Stop moved to new FCR , stop @ 4215.
Survive and Preserve
  • #4,634
  • Sep 4, 2009 10:15am Sep 4, 2009 10:15am
Quoting jplo
Congrats buddy!!
You have almost managed to take the whole ride down...
65 extra pips from NFP in a quickly mode is never a bad thing... jejeje..
... that wasn't hard or stressful at all, after some time, ... maybe few months you gonna to do it yourself, everyone can ...
  • #4,635
  • Sep 4, 2009 10:19am Sep 4, 2009 10:19am
Quoting en0x
Trade is really really slow, after NFP doesnt look like much punch, or everyone is having an early lunch. Oh, the UK bankers are on beer 'o' clock by now.
... it's a short day for traders in US plus Monday is a bank holiday, so long weekend just started.
  • #4,636
  • Sep 4, 2009 10:24am Sep 4, 2009 10:24am
Quoting DareXau
... that wasn't hard or stressful at all, after some time, ... maybe few months you gonna to do it yourself, everyone can ...
Not everyone mate!, this is like anything else....
Such as in football (that I know you like).. Everyone can kick a ball but is not the same if who kicks it is Kaka, Cristiano Ronaldo, Messi, etc.....
There are categories and prestiges...
  • #4,637
  • Sep 4, 2009 10:26am Sep 4, 2009 10:26am
save the penny for a rainy day!!

Monday -labor day...the big cats are heading for the Hamptons...you can bet on that....

Bracket trading will be a best shot!!

Look for levels been formed after 4:00AM EST and establish a bracket...play it like ping-pong

If you get a runner....well...that's the idea...

Peace.
Peace
  • #4,638
  • Sep 4, 2009 10:33am Sep 4, 2009 10:33am
well fx...now that you asked the other day..

a lil' something for you brother!!!

enjoy!!!
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Peace
  • #4,639
  • Sep 4, 2009 10:34am Sep 4, 2009 10:34am
out to lunch....girlfriend is off today!!!


have a happy weekend everyone.

peace and good karma!!
Peace
  • #4,640
  • Sep 4, 2009 10:39am Sep 4, 2009 10:39am
Quoting jplo
Not everyone mate!, this is like anything else....
Such as in football (that I know you like).. Everyone can kick a ball but is not the same if who kicks it is Kaka, Cristiano Ronaldo, Messi, etc.....
There are categories and prestiges...
for me as a trader I'm a very ... very long way from the "top dogs" ... I'm just a "small puppy-dog" - still on training, ... but one day, who knows ... maybe
... as feb just mentioned, watch-out some runners, they are possible ... another 40 pips and going strong ...
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