The System II (Yes with irony) | Page 235 | 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)

  • #4,681
  • Sep 7, 2009 1:25am Sep 7, 2009 1:25am
Good morning from Spain guyz ,
As soon as I got up from bed, bang!!!
Long on this breakout....
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  • #4,682
  • Sep 7, 2009 1:25am Sep 7, 2009 1:25am
Short stopped out at hard stop, long entered
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Survive and Preserve
  • #4,683
  • Sep 7, 2009 1:35am Sep 7, 2009 1:35am
Fakeout!!
So let's play #2 to try to get out the best way as possible...
  • #4,684
  • Sep 7, 2009 1:41am Sep 7, 2009 1:41am
Way I see it is it not a fakeout until
a) my stop is hit
b) level of 4342 is held if price comes back to try break it.

Otherwise its just an FCR forming.
Quoting jplo
Fakeout!!
So let's play #2 to try to get out the best way as possible...
Survive and Preserve
  • #4,685
  • Sep 7, 2009 1:43am Sep 7, 2009 1:43am
please correct me if the below is wrong.

Quoting en0x
Way I see it is it not a fakeout until
a) my stop is hit
b) level of 4342 is held if price comes back to try break it.

Otherwise its just an FCR forming.
Survive and Preserve
  • #4,686
  • Sep 7, 2009 1:49am Sep 7, 2009 1:49am
Yip, I closed it and played it as a fakeout now that the candle didnt break and form a HH.

Short set below new FCR at 4330.

Starting to look like a flat market this morning.
Quoting en0x
please correct me if the below is wrong.
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Survive and Preserve
  • #4,687
  • Sep 7, 2009 1:49am Sep 7, 2009 1:49am
Out @ BE.... 0 pips,
Maybe it is not a fakeout and I was scared too early, but I didn't feel confortable into that trade any longer due to don't overtake the HH after the formed FCR, so the best for me now is exiting out of it, and wait till the HH or the FCR are broken again....
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  • #4,688
  • Sep 7, 2009 1:50am Sep 7, 2009 1:50am
Quoting en0x
please correct me if the below is wrong.
its wrong enox.. and I highly recommend for you to read post 4219 several times till you really absorb it..
  • #4,689
  • Sep 7, 2009 2:00am Sep 7, 2009 2:00am
well.. i'm having a glass of wine atm.. just watching... lol
  • #4,690
  • Sep 7, 2009 2:04am Sep 7, 2009 2:04am
Yes, it was under 10 pips, how could I forget that.

Its funny, such simple rules, yet sometimes they can easily be forgotten. Granted, i didnt print this and read it prior to the session training. Thanks again for correcting me.

Quoting fxachilies
its wrong enox.. and I highly recommend for you to read post 4219 several times till you really absorb it..
Survive and Preserve
  • #4,691
  • Sep 7, 2009 2:07am Sep 7, 2009 2:07am
Quoting fxachilies
Ok guys.. this post is in regard to my 4654 post.. it looks like there is plenty of interests as i expected so, due to the fact that we got such a elite group of people in this thread.. My kind of people.. dedicated, hardworkers and student of the game.. Bravo to all.

I mentiond in my post that last week was a great one for me as should have been for most of you.. i made way above my normall avg profit and most weeks and recent months have been pretty much the same give or take..

so I pulled some stats for my self awarness and you guys aswell...

Thank you so much for this post FXA.

I am a newbe to this thread and I'm still reading the whole thread. Yep! still reading.

I'll tell you, if someone says that they have read this thread in 1 or 2 days... Well do the math: 20seconds/post (on average) * 4700 = 26 hours of solid reading. At 6 hours/day and re-reading and study of charts etc. Well, I reckon this is at least 1 week of solid work - if you do nothing else.

Now you have posted something that allows me to read the latest posts here. Up until now I simply cannot keep up with the latest posts because of the fcr, #1, #2 things. Up until now I did not have any clue what these things were or where to look for the definitions.

So, thank you so much for this post and ALL the hard work you have put into this thread.

It's fantastic!

See you all in a week, when I have finished reading.

Cheers,
John.
  • #4,692
  • Sep 7, 2009 2:09am Sep 7, 2009 2:09am
In the long again.....
  • #4,693
  • Sep 7, 2009 2:14am Sep 7, 2009 2:14am
Missed this, not out of fear, just out of at working while trading is sometimes not ideal , and had to go do something urgently.

Quoting jplo
In the long again.....
Survive and Preserve
  • #4,694
  • Sep 7, 2009 2:22am Sep 7, 2009 2:22am
Quoting en0x
All,

Sorry for a very dumb question, but you know when someone says "its in post 12345" is there a way to actually go to that post without randomly selecting pages then trying to find the post in there(by then taking a estimated guess to go forward or backward which is what I have been doing , takes awhile) Not complaining, just wanting to know if anybody who is a long term user of FF knows how to skip to a post quickly. I havent been able to figure it out yet in over a year
Hi en0x,

This has bugged me as well, there is no way that I am aware of.

I've just sent FF Admin a message suggesting it would be a useful addition to the thread tools.

Wait and see what happens.

D
Too tired to argue. Too old to care.
  • #4,695
  • Sep 7, 2009 2:23am Sep 7, 2009 2:23am
Good Day Fx,
Another amazing post buddy
Really helpfull remembering once again the key ingredients to success in this bussiness....

Quoting fxachilies
Question..
When your fcr's gets to close to eachother what does that tell you about PA?
In my humble opinion PA is ranging without any clear bias

Quoting fxachilies
and what your next move should be?......
two words..
Waiting and watching mode... Seeing how price reacts to that FCR's levels..
Bracketing price with buy and sell orders 2/3 pips above and below those FCR's and waiting for the breakout to test the "water" and to put in play expectancy skills...
  • #4,696
  • Sep 7, 2009 2:28am Sep 7, 2009 2:28am
Quoting fxachilies
Question..
When your fcr's gets to close to eachother what does that tell you about PA? ...... and what your next move should be?......
two words..

..
Stay out
Survive and Preserve
  • #4,697
  • Sep 7, 2009 2:36am Sep 7, 2009 2:36am
I'm playing #1 here....
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  • #4,698
  • Sep 7, 2009 2:36am Sep 7, 2009 2:36am
Quoting fxachilies
Ok guys.. this post is in regard to my 4654 post..
When your fcr's gets to close to eachother what does that tell you about PA? ...... and what your next move should be?......
Be patient (like a predator)
  • #4,699
  • Sep 7, 2009 2:49am Sep 7, 2009 2:49am
Finally, out at BE...
Fx, could I have your review on how did I play #1 on this one, please?
  • #4,700
  • Sep 7, 2009 3:01am Sep 7, 2009 3:01am
jplo,
on your reentery trade you did great by surviving the semi fakeout..
but I would have keept my original entery and hold my ground a bit more.. once clear fcr was formed broght my sl to under that.. I personally end up with +11 pips on that one..
its practise practise and practise..

good job overall..
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