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The System II (Yes with irony)

  • #8,221
  • Oct 2, 2009 7:17am Oct 2, 2009 7:17am
Quoting Dukeman900
Moneda,

sorry I will try and be more clear and stick to the great teaching of this thread.

You have no idea what this thread has meant to me...

thanks is all I can say. and I don't mean to upset people... wanting to learn.

regards
Duke

Unus pro omnibus, omnes pro uno
  • #8,222
  • Oct 2, 2009 7:22am Oct 2, 2009 7:22am
talk about testing your undies.....

PA must break long I hope..
  • #8,223
  • Oct 2, 2009 7:25am Oct 2, 2009 7:25am
Well still long... and I feel that I have made it and PA will go long...
night all.
  • #8,224
  • Oct 2, 2009 7:48am Oct 2, 2009 7:48am
Quoting Dukeman900
Well still long... and I feel that I have made it and PA will go long...
night all.
hope your stop was at break even buddy.
  • #8,225
  • Oct 2, 2009 9:06am Oct 2, 2009 9:06am
result of taking the pull of other side. feb

riding the fucker to death now..


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  • #8,226
  • Oct 2, 2009 9:23am Oct 2, 2009 9:23am
Good Job Fx!!

Guys take a note - this is probably one of the easiest moneymakers in the market....Not a guarantee but is consistent....
Peace
  • #8,227
  • Oct 2, 2009 9:29am Oct 2, 2009 9:29am
Quoting fxachilies
result of taking the pull of other side. feb

riding the fucker to death now..


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

Fx... your trade management was terrific... people take notice...is not all about the pips is about sticking to the plan... if you do ... good thing will happen
Unus pro omnibus, omnes pro uno
  • #8,228
  • Oct 2, 2009 9:30am Oct 2, 2009 9:30am
I was still coming home from a movie (Surrogate, hmm I give it 5/10) so i missed the initial reverse, however I took the break of the top and still made some pips.

Its a nice trading method there Feb, thanks.


Quoting feb2865
Good Job Fx!!

Guys take a note - this is probably one of the easiest moneymakers in the market....Not a guarantee but is consistent....
Survive and Preserve
  • #8,229
  • Oct 2, 2009 9:38am Oct 2, 2009 9:38am
Feb, with your experience in trading this "method", do you only use it on NFP and rate news? I know the world watches NFP so its a lovely event (party hats all around)
Quoting feb2865
Good Job Fx!!

Guys take a note - this is probably one of the easiest moneymakers in the market....Not a guarantee but is consistent....
Survive and Preserve
  • #8,230
  • Oct 2, 2009 9:53am Oct 2, 2009 9:53am
I have had a torturous week. Just when last week I thought I am starting to get a hang of things, somehow on Monday the market decided to say this to me "Buster, I gave you a glimpse last week, this week I am going to teach you a leason for being cocky with me... and this time I am not going to spare the rod.." and it did. It wasn't the market since you guys made a killing on a few days. I battled and battled to make a positive trade. I was pulling my hair out, whipsawed one, whipsaw two, whipsaw 3., leaving trades to breath then getting hard stopped out, using number only to see the trade hit the only runner that would have cleared all my losses.Getting beaten up again and again then having to go to bed and missing the crucial NYC session which brought you guys quite a bit of success.

I know what was said, you must trade the NYC and London, I just couldnt do it due to me having to get some sleep for the thing that pays the bills(work).
But I will be back again next week. I am focusing more on asia as I find there are two factors in it
A) I can trade the Asia hours without lack of sleep, unfortunately I need 6-7 hours of sleep otherwise I just crash at work and that is not good.
B) Asia is damn boring and damn slow.... but by golly, it quite predictable in most the cases, preditable as in 123 setups. We are busy playing with Asia, following runners or setting target profits of 21. So far the runners have netted me a 0 this week during asia. I think (its only a think) that most the times ASIA ranges in a higher time frame, so in the 5m time we are actually playing the 123 within that range and 21 pips -30 pips seems to be in that range.

So my plan for next week. I am going to focus on Asia and see if I can get it working for me , as well as the others who now are trading purely Asia.

I said this before, the market is certainly the most humbling experience for me. As soon as I feel cocky, it cuts me straight down to size with a damn blunt and rusted knife.



Quoting en0x
Feb, with your experience in trading this "method", do you only use it on NFP and rate news? I know the world watches NFP so its a lovely event (party hats all around)
Survive and Preserve
  • #8,231
  • Oct 2, 2009 10:01am Oct 2, 2009 10:01am
Quoting en0x
Feb, with your experience in trading this "method", do you only use it on NFP and rate news? I know the world watches NFP so its a lovely event (party hats all around)
Yeah..just for them...I am not happy with the rates lately...
Peace
  • #8,232
  • Oct 2, 2009 10:06am Oct 2, 2009 10:06am
Fx and some others had a "Bears slaughter party house" today..... I had a fair share on the carnage as well... I wish I knew how to scale out with Oanda....now, I know thanks to my friend Moneda...


congratulations!!!!
Peace
  • #8,233
  • Oct 2, 2009 10:08am Oct 2, 2009 10:08am
Feb,

The only way to scale out in Oanda is to trade the opposite side.

Oanda wont let you same pair hedge. SO if you have an open short for 1000 and you want to scale out 1/2 then buy 500. It will close 500 of the short.

Quoting feb2865
Fx and some others had a "Bears slaughter party house" today..... I had a fair share on the carnage as well... I wish I knew how to scale out with Oanda....now, I know thanks to my friend Moneda...


congratulations!!!!
Survive and Preserve
  • #8,234
  • Oct 2, 2009 10:09am Oct 2, 2009 10:09am
Quoting fxachilies
result of taking the pull of other side. feb

riding the fucker to death now..


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



Amazing job
  • #8,235
  • Oct 2, 2009 10:09am Oct 2, 2009 10:09am
Quoting feb2865
Good Job Fx!!

Guys take a note - this is probably one of the easiest moneymakers in the market....Not a guarantee but is consistent....

Thanks for another tool to go with....
  • #8,236
  • Oct 2, 2009 10:09am Oct 2, 2009 10:09am
Quoting en0x
I have had a torturous week. Just when last week I thought I am starting to get a hang of things, somehow on Monday the market decided to say this to me "Buster, I gave you a glimpse last week, this week I am going to teach you a leason for being cocky with me... and this time I am not going to spare the rod.." and it did. It wasn't the market since you guys made a killing on a few days. I battled and battled to make a positive trade. I was pulling my hair out, whipsawed one, whipsaw two, whipsaw 3., leaving trades to breath then getting hard...
Monday was tough on everyone including myself!!!

It's part of the game brother!!!

Hang in there....I've been there a zillion times.... The only big lost you will ever have is to quit ....
Peace
  • #8,237
  • Oct 2, 2009 10:10am Oct 2, 2009 10:10am
If you want to TP parts of your trade then using the example of the short
put limit buys to buy parts of your short (or sell parts of your buy) at your target points.

I hope I explained that ok.
Quoting en0x
Feb,

The only way to scale out in Oanda is to trade the opposite side.

Oanda wont let you same pair hedge. SO if you have an open short for 1000 and you want to scale out 1/2 then buy 500. It will close 500 of the short.
Survive and Preserve
  • #8,238
  • Oct 2, 2009 10:14am Oct 2, 2009 10:14am
Quoting en0x
I have had a torturous week. Just when last week I thought I am starting to get a hang of things, somehow on Monday the market decided to say this to me "Buster, I gave you a glimpse last week, this week I am going to teach you a leason for being cocky with me... and this time I am not going to spare the rod.." and it did. It wasn't the market since you guys made a killing on a few days. I battled and battled to make a positive trade. I was pulling my hair out, whipsawed one, whipsaw two, whipsaw 3., leaving trades to breath then getting hard...
Keep your head up, buddy...

Tough and good days come and go...

If we stick to the plan day in and day out, we are gonna make it work.....
  • #8,239
  • Oct 2, 2009 10:17am Oct 2, 2009 10:17am
Quoting en0x
If you want to TP parts of your trade then using the example of the short
put limit buys to buy parts of your short (or sell parts of your buy) at your target points.

I hope I explained that ok.

oh man thanks a lot!!! I am so use to do it automatically on futures....now I know.
Peace
  • #8,240
  • Oct 2, 2009 10:25am Oct 2, 2009 10:25am
Yes, I really felt deep in the pits today. I was almost ready to throw in the towel and go, heck I will just pay someone to trade for me (managed fund or some rubbish), but that is not the winner's attitude. The winners attitude is to take it on in the face of defeat. To have your face rubbed into the ground over and over and over again , and then standing up and taking it on again.

The only problem is , you get that nagging feeling ( its a self doubting feeling I am sure everyone has had in any endeavor they have done and if you haven't then screw you for having life so easy ) maybe I am one of those 80% of people who will never be able to trade.

FX said it, BRV (Billy Ray Valentine , another old school respected trader in FF) said it and well maybe more. Not everyone can trade. Its life, get over it. Just like not everyone can be an artist, musician etc. The nagging feeling is that when do you become realistic to yourself and say "Enough is enough, I am not capable (and saying this a non emotional way) of becoming a trader". Its just not for me.

My personal answer to that is when I can look at myself in the mirror and can answer the question "Have I really tried this and given it all my concentration when its needed and focus when its required". I think if I can say yes , and I have given it a reasonable time span of saying yes to that question then I shall quit. Reasonable doesn't mean 4 weeks, 5 weeks.

Anyways, I think this post is more self talk for myself , maybe someone else can take something from it.

So glad we have the likes of you guys in this forum. So much I am learning yet I still have a million miles to go .



Quoting feb2865
Monday was tough on everyone including myself!!!

It's part of the game brother!!!

Hang in there....I've been there a zillion times.... The only big lost you will ever have is to quit ....
Survive and Preserve
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