The System II (Yes with irony) | Page 275 | 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)

  • #5,481
  • Sep 14, 2009 4:10am Sep 14, 2009 4:10am
In short at 14531
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,482
  • Sep 14, 2009 4:13am Sep 14, 2009 4:13am
Quoting fxachilies
i would have care or less about that pussy ass eur news.. and keept playing #1.. specially the postion that you were in.. no threat of losing money at all.. 20pips its a solid profit.. but its not a runner mentality..
it doesn't matter.. just make the effort to pick on and stick with it and use expectancy for flair of things..
I was writting at the same time...

Thanks for your feedback, buddy!

I realized my mistake....
  • #5,483
  • Sep 14, 2009 4:14am Sep 14, 2009 4:14am
jplo,
so much for your news/fractal worries.. you see how it crushed it..

analysis paralisis.. live example..

the worst you could have done was +20 pips.. but now your out.. and if you get the itch to get back in you are in for much higher risk.. you most likly will give away that 20pips gained and what you left with from this great 30pips bearish... zero..
but the worst part... your feel the frustration and that my friend leads to making foolish mistakes..

just trying to help you guys out with nitty-gritty stuff.. technicaly and sychy..
  • #5,484
  • Sep 14, 2009 4:14am Sep 14, 2009 4:14am
Mac I am curious as to why you went short
I make money anywhere in the world by taking orders
  • #5,485
  • Sep 14, 2009 4:16am Sep 14, 2009 4:16am
Quoting mac1956
In short at 14531
unbeliveble.. thats all I am going to say.. as i am banging my head in my desk.. lol
  • #5,486
  • Sep 14, 2009 4:17am Sep 14, 2009 4:17am
Quoting mac1956
How did you calculate your SL?
mac, sorry for such a late response, but somehow I missed your post earlier;
regarding this particular trade there wasn't much S/L calculations,
it's a standard 20 pips which that time looked sufficient to stay away from the heat.
  • #5,487
  • Sep 14, 2009 4:18am Sep 14, 2009 4:18am
Quoting SedonaPipper
Mac I am curious as to why you went short

Hmm - missed the fact there is news about.

There was a low low at 14539, a pullback and then a break below it. It would have been better to get in at 4535 but I was slightly late.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,488
  • Sep 14, 2009 4:19am Sep 14, 2009 4:19am
I am short on that at 4535, I didnt get to take the bracket braketout short was I on the bus home from work.
Survive and Preserve
  • #5,489
  • Sep 14, 2009 4:19am Sep 14, 2009 4:19am
Quoting fxachilies
unbeliveble.. thats all I am going to say.. as i am banging my head in my desk.. lol

Sorry man, done something stupid yet again! Give it to me FX -
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,490
  • Sep 14, 2009 4:19am Sep 14, 2009 4:19am
forgot chart.

Quoting en0x
I am short on that at 4535, I didnt get to take the bracket braketout short was I on the bus home from work.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 16 KB
Survive and Preserve
  • #5,491
  • Sep 14, 2009 4:21am Sep 14, 2009 4:21am
Quoting DareXau
mac, sorry for such a late response, but somehow I missed your post earlier;
regarding this particular trade there wasn't much S/L calculations,
it's a standard 20 pips which that time looked sufficient to stay away from the heat.

Thanks Dare.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,492
  • Sep 14, 2009 4:24am Sep 14, 2009 4:24am
Quoting mac1956
Sorry man, done something stupid yet again! Give it to me FX -

Is it the news issue FX???? Don't take it out on your head - I am making some stupid mistakes, and I may learn slowly - but I am determined to learn. Can you just loet me know what led you to headbutt your desk? I read and re-read the thread by the way, but as a newbie I'm gonna do some screamers from time to time. Don't give up on me...
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,493
  • Sep 14, 2009 4:26am Sep 14, 2009 4:26am
Quoting fxachilies
..........but the worst part... your feel the frustration and that my friend leads to making foolish mistakes..
No frustration right now.....
I've made that mistake, and......... I've saved it on "my hard drive" to learn and do not fall into it again...

I really cannot allow me to make another mistake due to the frustration of the previous one.......

Only breathing deeply, and keeping on trading to get another "match ball"....

Thanks again Fxachilies !!
  • #5,494
  • Sep 14, 2009 4:30am Sep 14, 2009 4:30am
Quoting en0x
I am short on that at 4535, I didnt get to take the bracket braketout short was I on the bus home from work.
is someone holding you by throat to get a trade in?
so what you missed it wait for the high probability entery.. solid countinuation signal or a reversal..

guys I am correcting you while you are in profit.. what dose that tell you?
  • #5,495
  • Sep 14, 2009 4:32am Sep 14, 2009 4:32am
Sorry wrong chart, yellow is the close
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 13 KB
Survive and Preserve
  • #5,496
  • Sep 14, 2009 4:33am Sep 14, 2009 4:33am
Quoting jplo
No frustration right now.....
I've made that mistake, and......... I've saved it on "my hard drive" to learn and do not fall into it again...

I really cannot allow me to make another mistake due to the frustration of the previous one.......

Only breathing deeply, and keeping on trading to get another "match ball"....

Thanks again Fxachilies !!
nice job.. that the right follow up attitude.. just wanna make sure you stay intact..
  • #5,497
  • Sep 14, 2009 4:34am Sep 14, 2009 4:34am
Where was my other post? Anyways closed because short didnt break LL.

No one is holding me by the throat. just a 123 trade that is all. Will wait for some movement now, more then likely NYC time.

Quoting en0x
Sorry wrong chart, yellow is the close
Survive and Preserve
  • #5,498
  • Sep 14, 2009 4:36am Sep 14, 2009 4:36am
Quoting mac1956
Is it the news issue FX???? Don't take it out on your head - I am making some stupid mistakes, and I may learn slowly - but I am determined to learn. Can you just loet me know what led you to headbutt your desk? I read and re-read the thread by the way, but as a newbie I'm gonna do some screamers from time to time. Don't give up on me...
Fx, I don't understand what was so wrong. I'm short and the price is going my way. If there's something obvious I've done wrong here I can't see what it is. (unless it was the news issue)
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,499
  • Sep 14, 2009 4:40am Sep 14, 2009 4:40am
I think FX was saying you should have been short on the break of the bracket formed at 4559, correct FX?

Now is too far down the line, also its quite late in the London session. Rather wait until NYC start or another consolidation to up our chances.

I played number 2 as it turned as soon as I entered to -5, I then watched LL and it didnt break so I closed out, straight away. price is a little unpredictable for me and I am over playing the hope and pray method.


Quoting mac1956
Fx, I don't understand what was so wrong. I'm short and the price is going my way. If there's something obvious I've done wrong here I can't see what it is. (unless it was the news issue)
Survive and Preserve
  • #5,500
  • Sep 14, 2009 4:41am Sep 14, 2009 4:41am
guys,
i don't get any better than this today.. it has been a awsome sydney open till now... I am over 90pips profit and I missed this bearish ride due to taking lunch..
i feel like I am talking to a brick wall with some of you.. please read post 3973 about countinuation signal.. as to why you should not be invloved with countinuation siganl toomuch... it does not mean to not be in the ride..
read it and absorb it.. there are peopel here that are doing great things and some are doing miserably.. the info is there with plenty of examples..
ball is in your court.. you can play like MJ or you can play like avg joe..
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