The System II (Yes with irony) | Page 320 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

The System (Irony included) 1,175 replies

Attachments: The System II (Yes with irony)
Exit Attachments

The System II (Yes with irony)

  • #6,381
  • Sep 22, 2009 4:19am Sep 22, 2009 4:19am
Very thoughtful and well articulated, your integrity to the core of the thread is the true value of this thread. I have started focusing on this thread because of the quality of examples and realization it fits my style of trading. My hardest endeavor at the moment is statying true to the core trade of the thread, a simple 123, with a couple of very minor variations. After one of your posts last week I was thinking about adding a post or two on the mental aspects of trading since the trade itself is really well covered in the previous posts. Learning to stay in for the runner and how to stay out of the bad set ups is the next step of mastery. My question of enquiry at the moment is, How do I speed up the process of learning the art of trading besides lots of chart time?
I make money anywhere in the world by taking orders
  • #6,382
  • Sep 22, 2009 4:23am Sep 22, 2009 4:23am
Quoting fxachilies
Hi Dare,
....
all do respect i am going to ask, anyone that deviates from our thread direction.. I simply ask to
either get on the same page as rest of us or have no choice to ask for your leave of absence..
I say all the above statement with utmost respect to you and the rest of the people who are on the same page as you..
Best regards,
Hey don't stare at me,
I get rid all of my fibo and tuning to a better trade here.
see, use no fibo, I need a faster trade

Attached Image (click to enlarge)
Click to Enlarge Name: sep 22 1.gif Size: 10 KB
  • #6,383
  • Sep 22, 2009 4:27am Sep 22, 2009 4:27am
agreed. I am new to this thread but use a very similar method and the principles are the same. The off topic issues and ego lovers clutter this thread as they do on many threads. Perhaps a new private forum could be set up elsewhere with tighter moderation?

Quoting fxachilies
Hi Dare,
I think its time to talk a bit serious for the sake of the thread..
to begin with..
this thread is about training your naked eyes to read the market with your very naked chart in the 5m timeframe.. the start up and the backbone tools were implanted by feb from the begining.. with PA as the one and only indicator guide and two horizontal lines.. nothing else.

now in Febs absence when thread was totaly dead.. I decided to keep it alive and Monda joined me shortly after.. this is way before you arrived..
and I have done my best to keep...
  • #6,384
  • Sep 22, 2009 4:40am Sep 22, 2009 4:40am
Quoting fxachilies
nice job Paul..
anytime you close a runner at above 50pips you have done good.. unless when we get bigtime straight line runner and in those situations you my have the lugxury to lock 50-60 pips then let that baby run..

done prefectly Paul.. I banked 59 myself..

paul are you greatful?
if you are!! is it ok for your buddy fxachilies to ask a favor?.. if it is..
then my favor is to share and..
give us your view about yourself as a trader prior to two weeks ago and now? how would you rate yourself and why?
I greatly appericated

hey Fx,

Ok,no sweat let me just jot a few things down, I will post this a bit later
Survive and Preserve
  • #6,385
  • Sep 22, 2009 4:43am Sep 22, 2009 4:43am
Lets not and pretend we did alright? Private forum would make it exclusive, I am sure I wouldnt have found it if it was exclusive. Just stick to the topics.

And those who are in here most of the times and guide those who are new to stick to the threads direction.

Quoting Porkpie
agreed. I am new to this thread but use a very similar method and the principles are the same. The off topic issues and ego lovers clutter this thread as they do on many threads. Perhaps a new private forum could be set up elsewhere with tighter moderation?
Survive and Preserve
  • #6,386
  • Sep 22, 2009 4:56am Sep 22, 2009 4:56am
Is this a continuation signal or a bracket brackout, I took it as a bracket brakeout, and I took it. But just would like your opinion
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 18 KB
Survive and Preserve
  • #6,387
  • Sep 22, 2009 5:02am Sep 22, 2009 5:02am
Quoting en0x
Is this a continuation signal or a bracket brackout, I took it as a bracket brakeout, and I took it. But just would like your opinion
Hi en0x,

IMO it is still kind of a continuation sign....

I'm not telling that it is not gonna work fine, who knows, but...... Much more riskier from my point of view...
  • #6,388
  • Sep 22, 2009 5:03am Sep 22, 2009 5:03am
Yes, I was feeling it was a continuation signal but seemed to consolidate for a bit, and we reaching two hours prior to NYC open so I took the long.
Quoting jplo
Hi en0x,

IMO it is still kind of a continuation sign....

I'm not telling that it is not gonna work fine, who knows, but...... Much more riskier from my point of view...
Survive and Preserve
  • #6,389
  • Sep 22, 2009 5:04am Sep 22, 2009 5:04am
Quoting fxachilies
Hi Dare,
I think its time to talk a bit serious for the sake of the thread..
to begin with..
this thread is about training your naked eyes to read the market with your very naked chart in the 5m timeframe.. the start up and the backbone tools were implanted by feb from the begining.. with PA as the one and only indicator guide and two horizontal lines.. nothing else.

now in Febs absence when thread was totaly dead.. I decided to keep it alive and Monda joined me shortly after.. this is way before you arrived..
and I have done my best to keep...

It's like MArtial arts man - keep it simple, repeat, pattern it in. This is like the Tai Kwando of trading. You don't learn Tai Kwando by deviating into Ju Jitsu ot Karate. Different styles aiming for the same results. Mastery comes by choosing a path and following it. The teacher is god too - Sensei - you are the Sensei of this thread Fxachiles sir. Anyone wh's seen the Karate Kid knows he had to paint the fence and wax the car before he was allowed to fight. You teach Fx,
  • #6,390
  • Sep 22, 2009 5:10am Sep 22, 2009 5:10am
Reached +17 then moved to BE, closed at BE.

Quoting en0x
Yes, I was feeling it was a continuation signal but seemed to consolidate for a bit, and we reaching two hours prior to NYC open so I took the long.
Survive and Preserve
  • #6,391
  • Sep 22, 2009 5:10am Sep 22, 2009 5:10am
Hi to all!!!

I am here during long time... If you will look at middle of this thread you will see it...
I did see developing of art of Fxahilies... I did start read this thread when he only did try make his first steps here.... Later, when i was ready for start my trading - Fxahilies was always near newbies like i was then...

I appreciate his help very much... I speak englich bad... but I always understand what he wants to say us...

Feb is like "father" of this thread... and i think we can say that Fxahilies is like "son" of this thread... i hope you understand me...

Now he is very successful trader, and very good teacher... I like this thread with the "system" with wich it did start... Simple, robust, profitable...
I know - you can say - "Dmitrij - but you do not trade good yet..." But I will say you - "I master my art every day... with a lot of efforts... And I wouldn't hope about success if here was not such people like Feb and Fxahilies..."

So I want to see thread lke it see himself Feb and Fxahilies!!!

Thank you, guys!

Let's trade!
  • #6,392
  • Sep 22, 2009 5:13am Sep 22, 2009 5:13am
Quoting elizo
Now, back to business, which is why I am here: 2 little FCRs formed very next: one at 79, the other one at 73. I guess if we will catch the bearish bus it's better to wait for the latter one. However, price was rejected twice in the former, which gives it more importance.

It's probably not the most important question on this thread. However, I would like to see your views on this, guys. Any opinions about it? Where would you set your entry point?
I'm wondering the same thing. My vote is for 79 because price made a higher high after that.
  • #6,393
  • Sep 22, 2009 5:31am Sep 22, 2009 5:31am
Hi Folks,

I've had some small successes on this today already. This is a fabulous thread and I hope to learn more.

I've placed a SHORT @ 4791, being 6 pips below my FCR of 4797.
Have I got the FCR correct here?

Thanks guys
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 5m.gif Size: 12 KB
A pip is only worth it if you know how much you risked to earn it
  • #6,394
  • Sep 22, 2009 5:43am Sep 22, 2009 5:43am
Quoting vlady1974
Hi Folks,

I've had some small successes on this today already. This is a fabulous thread and I hope to learn more.

I've placed a SHORT @ 4791, being 6 pips below my FCR of 4797.
Have I got the FCR correct here?

Thanks guys
before anyone reply to your question..
did you read my reply to you?
did you read what i suggested? (post 4734)

please do that and pracise it in your own shell for atleast a week.. watch everones charts and comments and my live trades sometimes.. then you'll notice a lot of your questions and conserns will be answered automatically..
please do as i advise.. its for your own good to be taking the begining steps to success in this style of trading insteas being anxious to get a trade in.. it takes time for this to develop for you.. or you'll get chopped around like a raw meat in the hands of butcher.. that be Mr. Market..

best regards,
  • #6,395
  • Sep 22, 2009 6:00am Sep 22, 2009 6:00am
short at 4788?
what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: 16.gif Size: 10 KB
it's a huge gap tony, a huge gap.
  • #6,396
  • Sep 22, 2009 6:05am Sep 22, 2009 6:05am
Quoting gevellber02
short at 4788?
what do you think?
Looks like a BB trade but I'm worried about the consolidation in the pullback.
  • #6,397
  • Edited 6:45am Sep 22, 2009 6:08am | Edited 6:45am
Hi FXAchilles,

Thanks for the posts. I didn't mean to appear to be getting "undue" assistance without doing homework.

I will study this in my own time then. Reviewing your notes, I think it will be a good idea to revise them again to make them clearer. I can help you with that as I do computer training as part of my day-job.

Thanks for all your efforts to date,

Vlad


p.s.
For other newbies to the system, based on what FXAchilles has given to me, I've copied these from my notes:

OBJECTIVE:
To catch running trades by using Price Action to determine entry/exit points using pre-qualified trading rules.

PLACE:
www.forexfactory
The System II


INDEX:
These posts are to be read in order

For New Traders to the Forum

#4538 : http://www.forexfactory.com/showthre...80290&page=303
#4613 : http://www.forexfactory.com/showthre...80290&page=308



The Heart of the System

The Attitude to Losing: Trade Expectancy and the Successful Setup Sentences
#1324 : http://www.forexfactory.com/showthre...=80290&page=89

Traders Expectancy: More Examples
#0538 : http://www.forexfactory.com/showthre...=80290&page=36

Success Formula
#4326 : http://www.forexfactory.com/showthre...80290&page=289

The FCR
#3420 : http://www.forexfactory.com/showthre...80290&page=228
#6171 : http://www.forexfactory.com/showthre...80290&page=412

Hitting The Ol' #1&2
#4219 : http://www.forexfactory.com/showthre...80290&page=282

Getting on the Longer Ride
#4486 : http://www.forexfactory.com/showthre...80290&page=300

Continuation Patterns
#3973 : http://www.forexfactory.com/showthre...80290&page=265
A pip is only worth it if you know how much you risked to earn it
  • #6,398
  • Sep 22, 2009 6:09am Sep 22, 2009 6:09am
Quoting cunparis
Looks like a BB trade but I'm worried about the cwate onsolidation in the pullback.
what is a BB?
it's a huge gap tony, a huge gap.
  • #6,399
  • Sep 22, 2009 6:09am Sep 22, 2009 6:09am
This is awesome. I am going to save this

Quoting vlady1974
Hi FXAchilles,

Thanks for the posts. I didn't mean to appear to be getting "undue" assistance without doing homework....
Survive and Preserve
  • #6,400
  • Sep 22, 2009 6:10am Sep 22, 2009 6:10am
BB = bracket Breakout(or you might call it a range breakout)

Quoting gevellber02
what is a BB?
Survive and Preserve
1 trader viewing now