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The System II (Yes with irony)

  • #6,621
  • Sep 23, 2009 2:56am Sep 23, 2009 2:56am
Quoting fxachilies
guys this is your bracket (inside gray box)..
as you notice i have my red line drawn to recognize swing end.. and my gray line on the bottom to recognize the end of retrace or fcr at the time..

price just broke though my short.. lets see if it will bring it home..

http://cdn.forexfactory.com/images/attach/gif.gif

Fx - Jedi master and fellow knights in training - a question.

When you draw your bracket you don't adjust it when it is challenged later by both the highs and the lows. You respect the first HH and the first LL. In mine every time my bracket lines were challenged and failed to breakout I adjusted the breadth of the bracket to the limits of the tails each failure left behind which meant I got a later entry into the short trade and was more vulnerable to the retrace later. Now, I know there will not be a hard and fast rule here - but can you or anyone else cast any light on how best to think this through? When do you leave 'em be? When do you broaden the bracket? Is this a relevant question, or whould I go make pasta for a living?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,622
  • Sep 23, 2009 2:56am Sep 23, 2009 2:56am
Quoting mac1956
I don't know if this helps anyone, and it comes from a total novice here but anyway...In my world (psychology believe it or not) this activity is known as problem solving. Every problem has structure - what is on the surface is "surface structure" and novices can only see that and look for its rigid 'rules'. Experts see "deep structure" - which does have rules...but they are more complex than the surface can reveal and involve 'feel' which defies simple explanation as it is born from the school of hard knocks. What this thread in all its glory,...
English is not my native language, so I need to read this great post another some time (2 or 3) to understand it fully... I like psychology bcz I am teacher in the scholl... Yeh... This is great stuff...

So, if I did right understand you - I am on the right track, and near victory about demons in my head???
  • #6,623
  • Sep 23, 2009 2:59am Sep 23, 2009 2:59am
Quoting fxscorpion
since im junior this will be late but were yuo are now is sell and hold youll see eurusd 1.4789 heading up sorry if you get killed its a bear today at least till us market open

Thanks allstar.. i hope you did not hurt yourself coming up with that..
I keep your analisis paralysis in mind..
while i average 500pips a week you keep on listening to the bozos on bloomberg.. lol
  • #6,624
  • Sep 23, 2009 3:03am Sep 23, 2009 3:03am
Quoting jplo
I'm still holding that position.....

I may have exited a little before, but anyway, I'm gonna give this thing another attempt to see if it can go down....

IF...... it breaks........THEN I go for the runner.
IF...... it doesn't wanna break....... THEN I'll try to exited the lowest I can

This though is from the perspective of being a free trade, so RR is clearly in my favor, if not, I would have played #1 more agressively...

I'm gonna take my chances here...
thats fine too.. since RR is in your favore..
see guys everone base on his own tolarance and personal agenda is different..

I banked bcz.. it was the right thing to do as price was my guide.. but also i had 30lot larg on this so i wanted to preserved pips also..
  • #6,625
  • Sep 23, 2009 3:06am Sep 23, 2009 3:06am
enox do remember what i said tho im live acc selling eurusd at 1.4789 hefty bet maybe just have somthin to prove
  • #6,626
  • Sep 23, 2009 3:08am Sep 23, 2009 3:08am
sounds like yuo do allright tho happy trading
  • #6,627
  • Sep 23, 2009 3:09am Sep 23, 2009 3:09am
FX may be you can try to explain why point 1 is a fcr
while # is not ?
And now ... is we have a BO of A you go LONG
but in order to enter SHORT you would like to see a period of consolidation ?
Tks
David
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  • #6,628
  • Sep 23, 2009 3:09am Sep 23, 2009 3:09am
Quoting dim4ik42
English is not my native language, so I need to read this great post another some time (2 or 3) to understand it fully... I like psychology bcz I am teacher in the scholl... Yeh... This is great stuff...

So, if I did right understand you - I am on the right track, and near victory about demons in my head???

I am no judge of whether or not you are on the right track, or me for that matter - I'm just learning to walk like an infant - teh experts here are the best judges of that.

I guess what I really mean is that the rules of this game are not as simple as leaving money on the table or taking it off - (although leaving it longer seems to be a good idea if we really are hunting for runners - we've got to be in it to win it or be happy being spectators!).

The framework is really simple, and that is deceptive - because in the heat of the hunt the framework must be implemented flexibly according to the PA. Learning how and when to bend the framework to the specific PA at any one time, when to move from one element of the framework to another (from expectancy to patience to get out, from IF to THEN, from short to long, from swing to reversal). It seems that with deep structural learning comes consistency - JPLO is a great example (among many others)- he really seems to have grasped a deeper level of this stuff, where I am still dancing around on the surface. Yes,l we're doing well as long as we turn up with our asses on the line with all of the other faithful followers of Run Hunting.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,629
  • Sep 23, 2009 3:09am Sep 23, 2009 3:09am
Quoting mac1956
I don't know if this helps anyone, and it comes from a total novice here but anyway...In my world (psychology believe it or not) this activity is known as problem solving. Every problem has structure - what is on the surface is "surface structure" and novices can only see that and look for its rigid 'rules'. Experts see "deep structure" - which does have rules...but they are more complex than the surface can reveal and involve 'feel' which defies simple explanation as it is born from the school of hard knocks. What this thread in all its glory,...
nice post Sir. Mac.. I just got the chance to read it.. guys this post is a must read..
we got a whole new fresh Sir. Macdaddy in our hand this week.. great addition to our little family here.. its my plasure to have you on board Sir.
  • #6,630
  • Sep 23, 2009 3:13am Sep 23, 2009 3:13am
Quoting fxachilies
thats fine too.. since RR is in your favore..
see guys everone base on his own tolarance and personal agenda is different..

I banked bcz.. it was the right thing to do as price was my guide.. but also i had 30lot larg on this so i wanted to preserved pips also..


If you did not have such a big load, Fx?
would you consider to hold it a little bit more? or it is not simply the ideal thing to do....?

Thanks
  • #6,631
  • Sep 23, 2009 3:13am Sep 23, 2009 3:13am
enox if you had a stratagy worth anything you wouldnt be giving it away mine is it anyways good luck
  • #6,632
  • Sep 23, 2009 3:14am Sep 23, 2009 3:14am
Quoting mac1956
Fx - Jedi master and fellow knights in training - a question.

When you draw your bracket you don't adjust it when it is challenged later by both the highs and the lows. You respect the first HH and the first LL. In mine every time my bracket lines were challenged and failed to breakout I adjusted the breadth of the bracket to the limits of the tails each failure left behind which meant I got a later entry into the short trade and was more vulnerable to the retrace later. Now, I know there will not be a hard and fast rule here - but can you or...
Mac,
to me it must be convincing break off in order for me to extended.. and revese of it must go throug some lack of speed and rhythm, range time, dry down for me inorder to jam up my bracket..

I hope it make sense..
sorry for my late reply.. I am trying to answere everbody one by one..
  • #6,633
  • Sep 23, 2009 3:16am Sep 23, 2009 3:16am
Quoting jplo


If you did not have such a big load, Fx?
would you consider to hold it a little bit more? or it is not simply the ideal thing to do....?

Thanks

80% not ideal.. 20% my load..

definatly now its not ideal.. your not a runner hunt now.. thats for sure..
you can get on that ride now once it breaks the low again.. we got a clear stop..
  • #6,634
  • Sep 23, 2009 3:18am Sep 23, 2009 3:18am
Quoting fxachilies
nice post Sir. Mac.. I just got the chance to read it.. guys this post is a must read..
we got a whole new fresh Sir. Macdaddy in our hand this week.. great addition to our little family here.. its my plasure to have you on board Sir.

At your service my dear teacher.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,635
  • Sep 23, 2009 3:20am Sep 23, 2009 3:20am
Quoting david4u
FX may be you can try to explain why point 1 is a fcr
while # is not ?
And now ... is we have a BO of A you go LONG
but in order to enter SHORT you would like to see a period of consolidation ?
Tks
David
david i just have covered what you are asing me.. read the last two page.. in my post with moneda i think..
sorry not much time to go through thing again..
  • #6,636
  • Sep 23, 2009 3:29am Sep 23, 2009 3:29am
Quoting mac1956
I don't know if this helps anyone, and it comes from a total novice here but anyway...In my world (psychology believe it or not) this activity is known as problem solving. Every problem has structure - what is on the surface is "surface structure" and novices can only see that and look for its rigid 'rules'. Experts see "deep structure" - which does have rules...but they are more complex than the surface can reveal and involve 'feel' which defies simple explanation as it is born from the school of hard knocks. What this thread in all its glory,...

Waohh... Mc

I'd missed your great post....

Really interesting what you can apport from your psychology knowledge, buddy...

It is really the most important and the most difficult thing to control in trading...

It is a fact, that two different traders, following the very same "system" can do totally opposite results, due to their mentallity
  • #6,637
  • Sep 23, 2009 3:29am Sep 23, 2009 3:29am
ok guys david4 just asked me a question as to why 4804 is a fcr..

ok a the time when we were on the bearish ride that looked as the only fcr at hand maybe a mini one then.. no full loop, I know.. but it was the only one to designate our sl.. not necessarly to long on the break of it..
but as price keept on going it racted to that fcr.. so thats confrimation of that fcr for being a solid one.. as you see price reacted to it again.. now its even a more solid fcr that you should even take shot at it for long..

Thanks david for bringing it up.. well done..

Lunch time for me... be back in afew..
  • #6,638
  • Sep 23, 2009 3:30am Sep 23, 2009 3:30am
at what one we are looking now?
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  • #6,639
  • Sep 23, 2009 3:37am Sep 23, 2009 3:37am
Hi Fxscorpoin,

I am glad what you do works for you, i never doubted your skills, abilities or anything. I said for the purpose of this thread we trade 1 time frame, 1 currency 1 method. We dont predict. If you are trading another method then why do you comment on this thread?

Feel free to open a new on on Forexfactory if you so chose to but leave this one to what it was intended for? I hope that isnt an offensive comment and you dont get an ego bruising from it, but if you are a trader then you can respect this I hope?


Quoting fxscorpion
enox if you had a stratagy worth anything you wouldnt be giving it away mine is it anyways good luck
Survive and Preserve
  • #6,640
  • Sep 23, 2009 3:43am Sep 23, 2009 3:43am
Quoting fxscorpion
enox if you had a stratagy worth anything you wouldnt be giving it away mine is it anyways good luck
Withthe greatest respect, just this once fxscorpion - you are totally wrong. This one is special and you leave it behind at your own cost.
$urvive, Pre$erve & RESPECT THE TEACHER
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