The System II (Yes with irony) | Page 384 | 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)

  • #7,661
  • Sep 29, 2009 1:52am Sep 29, 2009 1:52am
I would consider them minor, normally I would have my stop there but this time I am testing (its a light load) I consider a FCR at 4635, that is a nice formed one for me.

Quoting andrewb7
hey enox wouldnt u consider the 78 area or 84 area as being fcrs???
cheers andrew
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  • #7,662
  • Sep 29, 2009 1:54am Sep 29, 2009 1:54am
Quoting en0x
I would consider them minor, normally I would have my stop there but this time I am testing (its a light load) I consider a FCR at 4635, that is a nice formed one for me.
thanks mate
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  • #7,663
  • Sep 29, 2009 1:56am Sep 29, 2009 1:56am
I am actually not taking a lot into consideration, I am trying to see how long my head can hold out before closing, I have my idea of WHEN. its not ideal as we supposed to use a lot of our intuition but trying at this moment in my life to move my trading to a level of not having the umm feeling in my throat to pull the trigger in profit. I dont want that feeling, I want to feel nothing when I close a trade. Not happy, not sad, just I closed it because that is what I wanted to do.

Hope that makes sense?

Quoting en0x
I would consider them minor, normally I would have my stop there but this time I am testing (its a light load) I consider a FCR at 4635, that is a nice formed one for me.
Survive and Preserve
  • #7,664
  • Sep 29, 2009 2:00am Sep 29, 2009 2:00am
Quoting mac1956
Long at 14590

Out +1

Waiting for more momentum one way or the other.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,665
  • Sep 29, 2009 2:03am Sep 29, 2009 2:03am
+1 , kicking ass there Mac
Quoting mac1956
Out +1

Waiting for more momentum one way or the other.
Survive and Preserve
  • #7,666
  • Sep 29, 2009 2:04am Sep 29, 2009 2:04am
I think its officially time to say goodbye to this short.
Quoting en0x
+1 , kicking ass there Mac
Survive and Preserve
  • #7,667
  • Sep 29, 2009 2:04am Sep 29, 2009 2:04am
Quoting jplo
Good morning guys...

Today is a happy day for me.... It is my birthday..

So, you are all invited.....

Let's see if market wanna make me a present....

http://img44.imageshack.us/img44/9172/imagenux.jpg
HI!!!!!!

Congratulations from me and Helen!!!!

...from Ukraine!!!

From FF-family...

We wish you - good health!!!! and... if you still here, on FF and on Forex-business, we wish you to become more and more SUCCESSFULL TRADER!!!!!

EVERY DAY A LOT OF PIPS!!!!!!!!

We (I and Helen at least) think, that to be succesfull trader is your dream....
So - we wish you to be a such one! Forever!!!!!

  • #7,668
  • Sep 29, 2009 2:06am Sep 29, 2009 2:06am
Happy Birthday Jplo,

WE getting our Pizza delivered now and just cracked open a bottle of red to celebrate. Congrats from Australia.


Quoting jplo
Good morning guys...

Today is a happy day for me.... It is my birthday..

So, you are all invited.....

Let's see if market wanna make me a present....

http://img44.imageshack.us/img44/9172/imagenux.jpg
Survive and Preserve
  • #7,669
  • Sep 29, 2009 2:07am Sep 29, 2009 2:07am
Quoting en0x
+1 , kicking ass there Mac

Thanks man. U2
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,670
  • Sep 29, 2009 2:08am Sep 29, 2009 2:08am
Quoting mac1956
Long at 14590
Would you mind to tell me based on what? Thanks.
  • #7,671
  • Sep 29, 2009 2:11am Sep 29, 2009 2:11am
been pushing the enevlope a few times today.

Basically I could have closed out 3 trades targeting 21 for a total for 63 pips. But in the end I only made a total of about 30 pips.

Its really not the point, the targets are trading scared. EVEN if its more profitable in the long run (not saying it is or against it its not my point here) trading scared is not a way to trade. If I target 21 pips it should be for a reason and my reason only. Not cause i am scared of leaving money on the table or losing.

If I play runners then I should be getting out because of a reason not again because I am scared.

Its a tough lesson but I think I personally need to learn something like this, each person is different I guess. I hope I dont distract from the thread with my constant update on my head , just tell me to shut up and I will if need be

Quoting mac1956
Thanks man. U2
Survive and Preserve
  • #7,672
  • Sep 29, 2009 2:19am Sep 29, 2009 2:19am
Quoting elizo
Would you mind to tell me based on what? Thanks.

Hi Elizo,

I have highlighted what looked to me like a weak fcr with its 2 point at 14585. I placed an order for +3 plus my spread +2. It limped through and I lost faith in it pretty soon after and closed it +1.

Please hack my thinking to death if you think it's wrong...there's money in learning to do it better!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,673
  • Sep 29, 2009 2:20am Sep 29, 2009 2:20am
Quoting mac1956
Hi Elizo,

I have highlighted what looked to me like a weak fcr with its 2 point at 14585. I placed an order for +3 plus my spread +2. It limped through and I lost faith in it pretty soon after and closed it +1.

Please hack my thinking to death if you think it's wrong...there's money in learning to do it better!
Sorry forgot the attachment - here it is

Attached Image
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,674
  • Sep 29, 2009 2:20am Sep 29, 2009 2:20am
in.. out.. should i hold.. should I bail.. is it a fcr.. is it a mini one.. no wait its a reall one.. 123.. BB.. lots of other or's.. or.. or..

this is called practise.. if your brain being exersise like that.. its good sign.. your on your way..
just keep patience in the mix of things and deny sudden panics..

I have gone through all of this.. all alone for most of the times.. when feb was ill and not around and thread was not kicking like this..
you got lots of support now.. cherrish it protect it and most of all take full advantage..
  • #7,675
  • Sep 29, 2009 2:29am Sep 29, 2009 2:29am
Quoting en0x
been pushing the enevlope a few times today.

Basically I could have closed out 3 trades targeting 21 for a total for 63 pips. But in the end I only made a total of about 30 pips.

Its really not the point, the targets are trading scared. EVEN if its more profitable in the long run (not saying it is or against it its not my point here) trading scared is not a way to trade. If I target 21 pips it should be for a reason and my reason only. Not cause i am scared of leaving money on the table or losing.

If I play runners then I should be getting...

I'll bet there are loads of watchers who benefit from even the most crass remarks and questions. I come up with some crass stuff - yours is quality. For my money, your psychological battle is very much like mine. The gnawing emotional doubts come from the past - they are pre-loaded motivations that are to do with predicitons of failure born of our world-learning from life and which have nothing to do with this situation at all - and we don't use predictions do we???? This is why I can't see how the game can be learned with a demo account. Without your ass on the line you don't get the demons that keep warning about predicted disaster or wild manic success. The only reality is the price as Fx keeps saying. It will do what it does whatever my fear/mania predict. You really put your ass on the line - and you sharing all that stuff helps me see my demons too - and I'll bet I'm not the only one here benefiting. I handle them well sometimes and really badly at others. That's why I'm off for a break and a cup of coffee to get my head straight!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,676
  • Sep 29, 2009 2:37am Sep 29, 2009 2:37am
Quoting fxachilies
in.. out.. should i hold.. should I bail.. is it a fcr.. is it a mini one.. no wait its a reall one.. 123.. BB.. lots of other or's.. or.. or..

this is called practise.. if your brain being exersise like that.. its good sign.. your on your way..
just keep patience in the mix of things and deny sudden panics..

I have gone through all of this.. all alone for most of the times.. when feb was ill and not around and thread was not kicking like this..
you got lots of support now.. cherrish it protect it and most of all take full advantage..

How are you doing today Jedi Master?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,677
  • Sep 29, 2009 2:37am Sep 29, 2009 2:37am
stop and reverse at 73
  • #7,678
  • Sep 29, 2009 2:38am Sep 29, 2009 2:38am
System 2 with irony

Price is now seriously pulling a tongue at me, straight after I closed.
Quoting en0x
I think its officially time to say goodbye to this short.
Survive and Preserve
  • #7,679
  • Sep 29, 2009 2:39am Sep 29, 2009 2:39am
I personally would wait until NYC open, why did you reverse out of interest?

Quoting FOURX
stop and reverse at 73
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  • #7,680
  • Sep 29, 2009 2:44am Sep 29, 2009 2:44am
looks like a messy bracket at the moment & there is an announce in about 15 minutes
so i will sit on the sidelines for now
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