The System II (Yes with irony) | Page 297 | 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)

  • #5,921
  • Sep 17, 2009 6:00am Sep 17, 2009 6:00am
Just exited the 44 long for -17.5 based on what seems to be a new LH.
Too tired to argue. Too old to care.
  • #5,922
  • Sep 17, 2009 6:01am Sep 17, 2009 6:01am
Quoting benkm108
here you are mac
Actaully there was an FCR lower than 45 - I didn't see it either but you have it marked up nicely in your chart.

Sometimes I think it depends on feed or even colour of the chart background. I have noticed that some feeds do not draw in the tails and wicks fully all the time. The lower FCR on your chart is nice and clear.
Survive and Preserve
  • #5,923
  • Sep 17, 2009 6:03am Sep 17, 2009 6:03am
Quoting davidb
Just exited the 44 long for -17.5 based on what seems to be a new LH.

yep I guess that had we been long at 39 on the lower FCR we could have bailed at the failure to break 34
Survive and Preserve
  • #5,924
  • Sep 17, 2009 6:05am Sep 17, 2009 6:05am
Took the short
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,925
  • Sep 17, 2009 6:06am Sep 17, 2009 6:06am
Quoting mac1956
Took the short

Bailed +1 when it failed to get through
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,926
  • Sep 17, 2009 6:07am Sep 17, 2009 6:07am
Quoting mac1956
Bailed +1 when it failed to get through
failed at the previous year high. Hoped it would crash through.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,927
  • Sep 17, 2009 6:10am Sep 17, 2009 6:10am
Quoting PaulLangham
Actaully there was an FCR lower than 45 - I didn't see it either but you have it marked up nicely in your chart.

Sometimes I think it depends on feed or even colour of the chart background. I have noticed that some feeds do not draw in the tails and wicks fully all the time. The lower FCR on your chart is nice and clear.
yeah i wanted to take the higher as 'added confirmation' stopp out for -24
  • #5,928
  • Sep 17, 2009 6:23am Sep 17, 2009 6:23am
Tradesn today so far.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 23 KB
Survive and Preserve
  • #5,929
  • Sep 17, 2009 6:24am Sep 17, 2009 6:24am
Quoting benkm108
yeah i wanted to take the higher as 'added confirmation' stopp out for -24

yes this is what we were talking about the otehr day - I think I am more inclined to get in earlier than later though - I normally do except this time I simply didnt see the FCR
Survive and Preserve
  • #5,930
  • Sep 17, 2009 6:25am Sep 17, 2009 6:25am
Quoting en0x
Tradesn today so far.

Thats pretty controlled - well done
Survive and Preserve
  • #5,931
  • Sep 17, 2009 6:35am Sep 17, 2009 6:35am
looking for buy above FCR @ 14723 :nerd:
  • #5,932
  • Sep 17, 2009 6:37am Sep 17, 2009 6:37am
Out of the short for +4. Didn't like the way the price was moving. Mainly though, after 4.5 hours at the screen I'm just plain cream crackered as we say on this side of the Atlantic.
Too tired to argue. Too old to care.
  • #5,933
  • Sep 17, 2009 6:48am Sep 17, 2009 6:48am
news in +-45 mins
Survive and Preserve
  • #5,934
  • Sep 17, 2009 7:01am Sep 17, 2009 7:01am
Hello,

Dealing with the development of your expectancy skills with 5 minute timeframe demands a lot from your emotional state of mind. You are dealing with "noise" something out of your control. You need to endure the battles within your mind..that fear and greed that plagues us all. Yet at the same time you need to act, without hesitation. That is why it is sooo important to trade an amount that lessens your fears because if you trade scared...you will not succeed. Listen up guys and gals... you may find out that you do not have the makeup for this approach....no problem... find a timeframe that suits you as an individual. Of course..you will still be dealing with your "self". In the meantime...practice what is being shared here...it will help you no matter what timeframe you trade.

Best to all
Unus pro omnibus, omnes pro uno
  • #5,935
  • Sep 17, 2009 7:02am Sep 17, 2009 7:02am
My emotions. I watch price break that level and I get this feeling like I should trade short. Its like a weird twitch yet logicall I know, news in 45 mins and we so close to major support at1.4700. So certainly not a time to trade. But its weird, I can actually feel my emotions wanting to trade...

And no, I didnt trade. at least this time i recognized it.

Quoting en0x
news in +-45 mins
Survive and Preserve
  • #5,936
  • Sep 17, 2009 7:06am Sep 17, 2009 7:06am
A very wise post

Quoting moneda
Hello,

Dealing with the development of your expectancy skills with 5 minute timeframe demands a lot from your emotional state of mind. You are dealing with "noise" something out of your control. You need to endure the battles within your mind..that fear and greed that plagues us all. Yet at the same time you need to act, without hesitation. That is why it is sooo important to trade an amount that lessens your fears because if you trade scared...you will not succeed. Listen up guys and gals... you may find out that you do not have the makeup for...
Survive and Preserve
  • #5,937
  • Sep 17, 2009 7:11am Sep 17, 2009 7:11am
Quoting moneda
Hello,

Dealing with the development of your expectancy skills with 5 minute timeframe demands a lot from your emotional state of mind. You are dealing with "noise" something out of your control. You need to endure the battles within your mind..that fear and greed that plagues us all. Yet at the same time you need to act, without hesitation. That is why it is sooo important to trade an amount that lessens your fears because if you trade scared...you will not succeed. Listen up guys and gals... you may find out that you do not have the makeup...
Two very helpful posts today Moneda...
Thanks for sharing your reflections, buddy
  • #5,938
  • Sep 17, 2009 7:11am Sep 17, 2009 7:11am
Quoting moneda
Hello,

Dealing with the development of your expectancy skills with 5 minute timeframe demands a lot from your emotional state of mind. You are dealing with "noise" something out of your control. You need to endure the battles within your mind..that fear and greed that plagues us all. Yet at the same time you need to act, without hesitation. That is why it is sooo important to trade an amount that lessens your fears because if you trade scared...you will not succeed. Listen up guys and gals... you may find out that you do not have the makeup...
This is the single missing lesson from the thread and my biggest one to learn - you have hit the nail right on the head.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,939
  • Sep 17, 2009 7:13am Sep 17, 2009 7:13am
Moneda,


Do you ever believe that its not the system that makes a trader successful? Sure there are great systems out there and really crap ones. But I have seen a good trader take a basic boring system and make a killing out of it, then you have me, who can take an amazing system and make a dogs breakfast out of it.

Basically you can take the same system and get two completely different results from two traders off it.

There is something that always keeps me losing, always and its not this system, that system or any other. ITs me and my head, its not learning from my mistakes.

I hope that made sense somewhere.


Quoting moneda
Hello,

Dealing with the development of your expectancy skills with 5 minute timeframe demands a lot from your emotional state of mind. You are dealing with "noise" something out of your control. You need to endure the battles within your mind..that fear and greed that plagues us all. Yet at the same time you need to act, without hesitation. That is why it is sooo important to trade an amount that lessens your fears because if you trade scared...you will not succeed. Listen up guys and gals... you may find out that you do not have the makeup for...
Survive and Preserve
  • #5,940
  • Sep 17, 2009 7:17am Sep 17, 2009 7:17am
I need to add, the most I learn from this system is actually not the system, its the patience and to read the market and your guys constant words of wisdom. Its those little parting posts you , fX, feb and Dare do that starting to build up and sink in. Its a journey alright.
Survive and Preserve
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