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The System II (Yes with irony)

  • #4,721
  • Sep 7, 2009 9:46am Sep 7, 2009 9:46am
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..

I am going to answer it, couple of hours after NY open.. bcz I want to see what everyones replies are..(please think about it and your limited to one post)
Hi Fx,
What about your answers?..... jejeje
I'm waiting for another quality touch
Thanks
  • #4,722
  • Sep 7, 2009 10:13am Sep 7, 2009 10:13am
AHHHHH what do you know.....

the ancient game of ping pong...
Attached Image (click to enlarge)
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Peace
  • #4,723
  • Sep 7, 2009 10:24am Sep 7, 2009 10:24am
Hi Feb,
nice to see you around
Have you got any kind of "rules" you wait for playing a high probability ping-pong game? jejeje
or simply setting buy and sell orders in both sides of the range?
Thanks Feb
  • #4,724
  • Sep 7, 2009 10:26am Sep 7, 2009 10:26am
Quoting feb2865
AHHHHH what do you know.....

the ancient game of ping pong...

You're mean!!
You have the ability to make obvious what for others is blurred.

I bet you have more tricks than Batman's belt......

Show us some light .....
  • #4,725
  • Sep 7, 2009 10:50am Sep 7, 2009 10:50am
Quoting jplo
Hi again guyz,
I'm testing the market in this FCR and also 123 setup (both in one)...
I almost missed it but finally I got in manually....
Let's see how it unfolds in this slow day ...
hi jplo,
its a small 123 setup, yes but u should clear this for newbees comming here and read a 123 setup: it is not a qualified System II 1-2-3 Setup cause the swing is only 16 pips and thats to small
A system II 1-2-3 Setup needs a move of 40 pips before we look for a retrace.
  • #4,726
  • Sep 7, 2009 11:04am Sep 7, 2009 11:04am
Quoting MJurban
hi jplo,
its a small 123 setup, yes but u should clear this for newbees comming here and read a 123 setup: it is not a qualified System II 1-2-3 Setup cause the swing is only 16 pips and thats to small
A system II 1-2-3 Setup needs a move of 40 pips before we look for a retrace.
Yes, you are totally right MJurban,
a good swing for a perfect 123 setup must be about 30, 40 pips... So then, this was not a qualified 123 setup, but anyway, to my eyes it was a FCR setup what makes me getting involved on the trade...
Sorry if I've confused anyone with this setup, my fault ....
  • #4,727
  • Edited 12:37pm Sep 7, 2009 11:24am | Edited 12:37pm
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..

I am going to answer it, couple of hours after NY open.. bcz I want to see what everyones replies are..(please think about it and your limited to one post)

see you before londi session..[/quote]


ok guys.. pretty much everyone that participated got the right answer in, so pad yourself on the back.. nice job

when fcr's gets to close to eachother price is turning to range time.. and your next move is to go to bracket trading. spot swing high/low and draw your two horizontal line.. (watch the chart inside the box)

perfect example today was right after london open.. price made a long move then fell into range time.. it takes some time to spot it and you may fall into couple of fake trades.. but its ok bcz price is not going anywhere.. when you get completely fakedout then price dose the ping pong thing and you get your chance to exit at BE.. kowing that your playing #1&2 anyways.. .

so as i said it's important we recognize the stalling time of the market and stay the fuck away from it.. technicall aspect of dawing fcr's immedaitly as they form will keep you on your toes and keep you close to PA.. both to benefit by profit taking of even smaller moves of the day and keeps you in hunt of runners and at the same time let aware of price range..
I have done this little things for myself in order to completly detach myself from prediction, expectations etc.. and make myself all about immediate PA as my one and only prompt indicator..

I had two trades today and lost some with one and made some with the other and rest of the day was able to detect the range time and sit on my hands and watch ping pong.. its great to not lose money and get chopped around on shitty days and make money on good trendish days..

Good Luck.
http://cdn.forexfactory.com/images/attach/gif.gif
  • #4,728
  • Sep 7, 2009 12:44pm Sep 7, 2009 12:44pm
this is the chart for post 4727.. sorry forgot earlier..

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #4,729
  • Sep 7, 2009 1:20pm Sep 7, 2009 1:20pm
Quoting jplo
Price couldn't hit in momentum the previous HH,and stopped and reverse a little bit, so then, out @ BE...
I'm loving #2, it has saved me many pips in ugly fakeouts until now.....
Really, really super-useful aport from Fx...
jplo,
nice job with taking every shot and even nicer with the trade mangament and sticking to the plan.. regardless of situation.. bcz price can breakout at anytime.. its fact..

Guys
I am a outside the box thinker as you all might already know by now.. you got to be different to make money in business overall, i truly belive that.. I know some of you or most of you may not agree with these trades but just ask yourself the question.. what if each one of these breaks were a runner or a semi runners? who do you think would have been in the ride and who wouldn't?

Holidays or not.. announcement or not.. whatever a hell else.. price can break at anytime regardless.. i seen huge moves on holidays.. you just never know..
PA's speed and rhythm is all you need..
I mean, it can't get any worst than this today.. price range of 40pips.. totally flat for most of the day.. and JPLO took couple of trades.. got fakedout each times and closed at BE.. but keept himself in the mix and was the first one in line to enjoy the ride..

Nice job jacko.. i see a star in the making.. keep it up.. i hope you got that mini account going already bcz you are ready in my book..

Good Luck to all..
  • #4,730
  • Sep 7, 2009 1:59pm Sep 7, 2009 1:59pm
Are this all FCR point?http://clip2net.com/clip/m15756/1252...-clip-26kb.png
  • #4,731
  • Sep 7, 2009 2:18pm Sep 7, 2009 2:18pm
Hi All,

Here are my trades from earlier today.

Notwithstanding the narrow range I played five trades intotal. I have marked up the chart with thin black lines to represent FCR and Breakout points. The trades are marked as normal.

Thanks for the input from earlier Fx, Moneda, Jplo and others.
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Survive and Preserve
  • #4,732
  • Sep 7, 2009 2:24pm Sep 7, 2009 2:24pm
Quoting fxachilies
jplo,
nice job with taking every shot and even nicer with the trade mangament and sticking to the plan.. regardless of situation.. bcz price can breakout at anytime.. its fact..

Guys
I am a outside the box thinker as you all might already know by now.. you got to be different to make money in business overall, i truly belive that.. I know some of you or most of you may not agree with these trades but just ask yourself the question.. what if each one of these breaks were a runner or a semi runners? who do you think would have been...
Hi Fx

I am also becoming much more at home about taking every shot and managing the trade once on. In the beginning I didn`t quite get it to be honest - it needed some re programming of the head and what is considerd as "normal practice" by most people, but now I see it for what it is. Agreed today was not easy hardly any follow through on any of the trades except one, but as you say, what if it had run for the moon again, if you are in, you are guarenteed to be onboard for the runner and in with some pips.
Survive and Preserve
  • #4,733
  • Sep 7, 2009 3:35pm Sep 7, 2009 3:35pm
Quoting johny pip
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...
thanks for you nice words..
bravo on your deligence.. once finished let me know if you need help.
  • #4,734
  • Sep 7, 2009 4:33pm Sep 7, 2009 4:33pm
Newbies,
I hope there are no heart feelings between us.. my greatest wish is your success. those of you who dedicate yourself and do the ground work and work hard and show high motivation I would not leave you hanging, instead take you under my belt and help you to achieve success in this style of trading.. i got your back.. but i got to see the student of the game thing in you. I been through the rough path of twist and turns of this thing and I know what it takes.. my advise and comments are all business and its directly designed for your longterm success.. I hope you feel my honesty..

ok.. here we go..
I picked out some of the important posts that helps you to stay current with the thread while you are continuing reading the whole thing.. I highly suggest to atleast read the first 50 pgs before going through below posts..
read in this order plz..
4538
4613
1324 (mostly red parts)
538 expectancy bible by feb
4326 success formula
3420 fcr introduction
4219 #1&2 explanation
4486..3909..3973

This should be helpfull.. Good Luck.
  • #4,735
  • Sep 7, 2009 4:48pm Sep 7, 2009 4:48pm
You are a good man fxachilies,the folk in this thread are awesome,attracted by our good friend and mentor Feb.

Cheers
  • #4,736
  • Sep 7, 2009 8:38pm Sep 7, 2009 8:38pm
Quoting fxachilies
Newbies,
I hope there are no heart feelings between us.....
FX---Thank you, Thank you,Thank you!!
I'm one of the newbies here and I can't thank you enough (and everyone else) for all the guidance , wisdom, and knowledge. A real eye-popper for me! This post, and all others, are much appreciated--starting to see the light and reading thru tread.

Cheers To You
I know where I am----I just don't know where I'm going!
  • #4,737
  • Sep 7, 2009 8:39pm Sep 7, 2009 8:39pm
This is just fucking ridiculous.....

Even my 13 year old daughter made money(demo) today playing ping pong....

I am sitting here watching CSI Miami (that puertorrican girl is sooo HOT...I like the blondie too..) eating pop-corn playing ping-pong....

how hard it is.......

see ya..

PD: I am trading with Oanda today for a change...not bad...
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Peace
  • #4,738
  • Sep 7, 2009 8:48pm Sep 7, 2009 8:48pm
I couldn't resist post another chart....

sorry.

look at the last candle...

I was short by the way...from the top line
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Peace
  • #4,739
  • Sep 7, 2009 8:50pm Sep 7, 2009 8:50pm
Hey Feb,

What a day eh? How about taking the 1-2-3 setup at the start of the London open with a couple of chances to pick up between 15-20 pips before NY and watching reruns of that nice borinquen mamita from CSI for the rest day of the day!

Be well my friend
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Unus pro omnibus, omnes pro uno
  • #4,740
  • Sep 7, 2009 9:10pm Sep 7, 2009 9:10pm
Quoting moneda
Hey Feb,

What a day eh? How about taking the 1-2-3 setup at the start of the London open with a couple of chances to pick up between 15-20 pips before NY and watching reruns of that nice borinquen mamita from CSI for the rest day of the day!

Be well my friend
Oh yeah that was a nice..the one that ended up right on New York session....

so you agree with me that's a hottie right there....the blondie looks nice too... Everytime that she walks I feel like a mouse staring at the cat's tail.


I think I'm gonna open up a trading journal based on bracket trading.

Thanks for the wishes brother!

Peace
Peace
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