The System II (Yes with irony) | Page 233 | Forex Factory

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We all need pivots to win..yes or not? 13 replies

The System (Irony included) 1,175 replies

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The System II (Yes with irony)

  • #4,641
  • Sep 4, 2009 10:42am Sep 4, 2009 10:42am
It's been 2 days watching this tread and I've gained mountains of knowledge and a few pips already. I've been chasing my tail lately from being too impatient and trying different ideas and strategies, so I love the way this strategy keeps me focused, keeps it simple, and exciting at the same time. Well , it's off to read thru the whole tread this weekend, learn more , and get up to speed.

Thanks bunches to everyone for their vigorous and unselfish posts and it feels great to be part of this tread!!!
I know where I am----I just don't know where I'm going!
  • #4,642
  • Sep 4, 2009 10:42am Sep 4, 2009 10:42am
im on this one
looks good so far
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  • #4,643
  • Sep 4, 2009 10:50am Sep 4, 2009 10:50am
Quoting oleevier
im on this one
looks good so far
good job oleevier --I bailed out a little while ago thinking it was over for the day--but no regrets (+8)
I know where I am----I just don't know where I'm going!
  • #4,644
  • Sep 4, 2009 10:57am Sep 4, 2009 10:57am
thx capt. ok

i want to squeez him a little to my TP
i wonder if im not too greedy

sl and tp are set
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  • #4,645
  • Sep 4, 2009 10:58am Sep 4, 2009 10:58am
its over +37pips on demo ofcourse
tp hit
  • #4,646
  • Sep 4, 2009 11:01am Sep 4, 2009 11:01am
Quoting oleevier
its over +37pips on demo ofcourse
tp hit
not greedy at all , that was a great little trade--well, not so little in my world!! AND STILL GOING!!
I know where I am----I just don't know where I'm going!
  • #4,647
  • Sep 4, 2009 11:05am Sep 4, 2009 11:05am
I got it on the other way too bigtime.. still running.. I might close it soon thou..

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #4,648
  • Sep 4, 2009 11:14am Sep 4, 2009 11:14am
still running... i hope you are in it too.. as it has been a clean ride..

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #4,649
  • Sep 4, 2009 11:22am Sep 4, 2009 11:22am
... it's getting better and better ...
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  • #4,650
  • Sep 4, 2009 11:43am Sep 4, 2009 11:43am
I was wondering how this is possible that -223K v-216K is better reading than 9.5% v 9.7%
... well it took some time for some people to realize the difference ...
I don't care which way the market goes, I'm happy to follow ...
Have a good weekend Guys.
  • #4,651
  • Sep 4, 2009 3:43pm Sep 4, 2009 3:43pm
Quoting DareXau
I was wondering how this is possible that -223K v-216K is better reading than 9.5% v 9.7%
... well it took some time for some people to realize the difference ...
I don't care which way the market goes, I'm happy to follow ...
Have a good weekend Guys.
I was also wondering that. In addition the figures will get revised next month and everyone will forget what it was they were getting so worried and excited about in the first place.

As you say, if it moves the markets then thats what we need.

Survive and Preserve
  • #4,652
  • Sep 4, 2009 4:11pm Sep 4, 2009 4:11pm
Hi

Here are today`s trades, like evryone elese the pips started to come in following the news.

Have a good weekend eveyone and thanks for the informative posts.

Hey Fx, Say what you are doing for me man with these runners. I have to tell you I had some issues keeping my finger off the close button during that last one, but I followed your advice and waited for the pull back and the second attempt to break the high. Cheers
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Survive and Preserve
  • #4,653
  • Sep 5, 2009 3:33am Sep 5, 2009 3:33am
Quoting PaulLangham
Hi

Here are today`s trades, like evryone elese the pips started to come in following the news.

Have a good weekend eveyone and thanks for the informative posts.

Hey Fx, Say what you are doing for me man with these runners. I have to tell you I had some issues keeping my finger off the close button during that last one, but I followed your advice and waited for the pull back and the second attempt to break the high. Cheers
Wow... +166 pips in the day, if I accounted them correctly!!!!

Paul, your 21 Fixed/Runner Strategy looks to me really balanced and will maximize risk and pay off on the long run. It's probably the best approach because you keep the fixed "for the bills" and the runner "for the dreams". In other words, my state of mind would be very relaxed with this methodology understanding that the fixed 21 are "my salary", and the runners "my bonus"... and, if I didn't take it wrongly (still reading the whole thread) you wait for the pullback applying accordingly the "trailing stop" approach and minimizing risks for the first impulses (and kind of locking up profits for the other ones).

Last trade is a perfect example of this for an amazing +93: after entering at 1.4223 I would set first the SL below 1.4200, then after the 1st impulse at BE, then wait at 1.4275 to see how it deals to make HHs and set it at 1.4250 or so, then with the next impulse you set it at 1.4275, then after "double-lowing" at 1.4300 below this level, and once it is unable to make HH again, you exit the deal. Obviously, they are not hard SL, since you manage the deal, let the pair breath and develope PA, and if something weird happens, you hit the Panic Button (as Feb called it).

Please, feel free to correct me if I am posting nosenses here, in order not to confuse people around.
  • #4,654
  • Edited 11:09am Sep 5, 2009 5:27am | Edited 11:09am
Quoting PaulLangham
Hi

Here are today`s trades, like evryone elese the pips started to come in following the news.

Have a good weekend eveyone and thanks for the informative posts.

Hey Fx, Say what you are doing for me man with these runners. I have to tell you I had some issues keeping my finger off the close button during that last one, but I followed your advice and waited for the pull back and the second attempt to break the high. Cheers
Paul,
just reviewed your chart/trades.. and what am I doing is applauding.. nice job with the runners..
the only thing that i see you can improve is to recognize fcr's quicker and would help to actually draw them and draw them immidiatly as they form.. it helps you with more promp entery and exits.. between your 1-3 tades you would have done better..
inregards to fix/runners.. I would personally not recommend that.. (just my humble opinion) its like a crutch which leads to second guessing.. mental wise, you should either be on this side of the river or on the other side of the river.. pick one and go for it.. again thats just me.. outside the box thinking.. my job discription has been graved in my brain and i live by it .. no hesitation no second guessing..
awsome job overall..

Now to all,
I end up with a total of 380pips this week (more than my 250 weekly goal) and I did miss one runner.. half of it done in my major account for large size lot.. you might have made more or less or the same.. but the point is to do it consistently.. I do it consistently.. month in month out..
since lately I have been the major voice of the thread mostly and brought in the FCR thing, and I see some of you doing a great job with it and improving and some maybe a bit confused and not doing so well.. so.. consciously i feel a bit obligated to go into a bit of more details of things.. so.. If i see enough interests then I'll make the effort this weekend to go over things and give you guys the precise ingredients.. status.. psychy.. fcr details.. etc..

Good Luck.
  • #4,655
  • Sep 5, 2009 5:46am Sep 5, 2009 5:46am
I think every follower of this thread is interested fxachilies .......
  • #4,656
  • Sep 5, 2009 12:26pm Sep 5, 2009 12:26pm
Hey FX --I' m all ears for more details and info. I'm a greenhorn here but definitely starting to see the light!! Thanks for everything so far.
I know where I am----I just don't know where I'm going!
  • #4,657
  • Sep 5, 2009 5:19pm Sep 5, 2009 5:19pm
Fxachiles,
I myself, very appreciate what you doing all here.
You shared the most powerful craft you found, and teach how other how to use it.
Still remember, how this methode alone, in the very beginning form,
will only create my stream loss (my post #1912).
Feb , never give a very detailed explanation about how he did.

Sometimes, I just cannot believe, why people want to share
their sta. I ask "Jay Walker in the lounge"
here his answer :
http://www.forexfactory.com/showthre...to#post2729578
Very funny, but there is truth in it.

Thank you, for what you are doing here.
I always very anxious to know, what'll you share.
Have a nice weekend

Mulyadi
  • #4,658
  • Sep 6, 2009 1:52am Sep 6, 2009 1:52am
Quoting elizo
the fixed 21 are "my salary", and the runners "my bonus"... .
Hi Eliwo,

Re the salary and runner approach please se the post just above this from FX about what I did. In fact this was just an experiment this week to help me step over ffrom the fixed to always taking runners, nothing more than that.

Refernce:

Quoting elizo

after entering at 1.4223 I would set first the SL below 1.4200, then after the 1st impulse at BE, then wait at 1.4275 to see how it deals to make HHs and set it at 1.4250 or so, then with the next impulse you set it at 1.4275, then after "double-lowing" at 1.4300 below this level, and once it is unable to make HH again, you exit the deal. Obviously, they are not hard SL, since you manage the deal, let the pair breath and develope PA, and if something weird happens, you hit the Panic Button (as Feb called it).

.
It is much simpler than this - just hold your first SL at 21 whatever - I didn`t actually move it after this. What I did do was concentrate on price and wait until it had a pullback and was then looking to close on hesitation durng the pullback itself and its subsequent attempt to break the high. Then I closed. Fortunately, this time it ran quite some way, so I bagged some pips.

Hope this helps.
Survive and Preserve
  • #4,659
  • Sep 6, 2009 2:08am Sep 6, 2009 2:08am
Quoting fxachilies
Paul,
between your 1-3 tades you would have done better..
inregards to fix/runners.. I would personally not recommend that
Good Luck.
Hi Fx,

Thanks for your comments, yep agree there are still some mistakes in there and I can see form my own anaylsys sometimes I tend to be fatsre than other times in actually taking the trades that are offered, some stil some work to do.

Re the fixed runner this was only to help me step over the river in fact - from Monday I will play always looking for runners.

I have just one question if I may and this concerns the exit .

If you see my chart I have given two examples: the first is what I am doing, which is closing on hesitation during a significant pulback and then attempt to go higher, the second gives more time , there are several pace you could come out there, but price in the end heads higher again, just wondering what you think about it.

I guess what I am asking is how much space do you give price and how much time to do you it in these cases. ??

Cheers
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Survive and Preserve
  • #4,660
  • Sep 6, 2009 2:11am Sep 6, 2009 2:11am
Quoting fxachilies
. If i see enough interests then I'll make the effort this weekend to go over things and give you guys the precise ingredients.. status.. psychy.. fcr details.. etc..

Good Luck.
I am interested as always. Thanks FX
Survive and Preserve
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