The System II (Yes with irony)

I look forward to it. Sunday reading at its best.

I had an intense trading week. Trading the asian session then through to 1-2 hours into NewYork. I think it is starting to gell for me, still making stupid mistakes and getting frustrated but I made some nice exits on friday, even bagged some of that post NFP runnner. I am in profit for the month

I have finally finished reading the whole thread through. I have been saving key posts or anything I didn't quite understand into my favourites folder (got that idea from jplo). I am starting to work through those now. Wow I am picking up a lot more of the detail this time. Having traded the "system" for a while helps in understanding the finer points.

I am off on holidays for a week. No internet so no trading, my wife wouldn't have it anyway. So good trading and see you all in a week.

Thanks again to everyone who is contributed to this thread.

feb,

Couple hundreds posts ago you wanted to start ping-pong thread?
Any plans?

thanks,

/t

So price should failed break higher high and form double top.
Then entry point is break of pullback which is FCR.
The question is why not wait for test of LL?
Price can just go sideways inside HH - LL bracket.

I am all eyes.

tgh,

At this juncture... I will bite my tongue and refrain from answering your question or any other that may arise until Feb the originator of this thread puts to rest, with his upcoming post, the confusion that continues to lurk in the minds of some of you.

Over and out.

Listen everyone.

First I would like to suggest to anyone coming to this thread to take time and effort to study the materials. The basics at least. It's really frustrating for one whenever someone go with something like.... what is 1-2-3?...or what is a swing??? where I suppose to place the stop...how many pips? I mean, please gimme a break will ya? These questions has been answered to death on this forum...

I believe I wrote my stuff clear and concise. You need to know beforehand what is this thread all about and what is not. Stop this pm's crap about backtesting and how long I've been trading this "system". I am not going to reply on that anymore. It's time for you "backtesters" to stop the shit and start making money. You're not getting paid to be a "backtester". You're here to make money and know when and where to cover your booty...got it???good..

I do appreciate newbies. In one point in time we all were newbies. Unfortunately (and I wrote about this somewhere on this thread , please look) I don't intended for this thread to be directed to newbies. If you don't know what is a swing or a pullback, I am sorry but you need to go back to babypips or something like that. No offense intended please..

My idea for this thread is to share knowledge in good faith with everyone. I am sorry but I won't make a "private club" with anyone here. If you're starting but you feel you can catch the drift of this thread, just put yourself up to date, read all the stuff you can, and dare to yourself to be ready to start pumping up charts and everything......no big deal...just don't be lazy...

I don't even know why in the world I have to explain this but here we go...

FCR'S and 1-2-3...to be or not to be??? to be gay or to be straight... listen guys, it's the same....no biggie....123 is your "indicator" and FCR is the fractal formed after the pullback....that's just another "indicator"...capishe??? Your job is to be first (1st) .......number one....numero uno.....in line to get on the bus...

The mechanics are simple. You either have a possible trade or not..the rest is just sitting on your hands doing whatever(jerking off?)....

About the harsh environment.

Listen, If you're a newbie working for any investment firm in the CITY (London) or Wall Street, I assure you with all my heart that you're gonna get bumped , pushed, satirized and possible screwed in your ass (if you're not careful) to death. If you're trading on the floor, the people around you won't give a fuck about , they will try to rollover you and screw the hell out of your soul if they can. That is, amigos, the nature of this business.

If you're going to any of these places to get a mentorship or to be a intern, your "teacher" is going to be and asshole...I guarantee that...He/she will treat you like....what's the word?..... shit....

If you're willing to get a private tutoring with me, if you dare, I will push you so hard that you will hate the day I was born. If you don't believe me, ask a guy here on this forum by the nick of nomoretoxic (sorry Tom) He will tell you how "nice " I was with him in person.

It has to be that way. I mean people...wake up....this is money we're talking about. Not only that, it's your life....your family, your ass is on the line everytime you place a trade...there's a lotta stuff involved on that trade....mentally, financially, spiritually.

I am not in the mood to be disrespectful to anyone here. But I am not good at babysitting either. If you read some of my post, many times I reply to your question with another one. I will make you think. I will confront you. Just realize, I am not trading for you. You're the one who ultimately call the shots.

Why I have to be like that??? because what you're facing outhere is not a sugarcandy engulfed in moving averages and big Mcadaddy's....Repeat after me children:

The market is a bitch...

Trading is hard....extremely hard. Trading is not for everyone. You need to look inside to see if this is for you or not. You want to follow me, you need to dance my song. I don't sugarcoat stuff. But I am proud to say that many of my people are making a nice living by themselves in this game.

Do your homework, you're gonna have some missteps at the beginning...that's ok no biggie...we'll take care of you. Throw the charts and place notes where you think you're stuck.

Successful money maker develops some sort of attitude. It's normal and you won't be different. But at the other hand I will not endorse any disrespect at any member of this thread.


One more thing - please, don't come here crying about having a couple of rough days or a week...well, you know....and then boooooha I am quitting!!!

You're quitting huh?....hey, look at me when I am talking to you.....you can't quit...this thing is inside your blood already...you quitting? ...yeah right....I dare you..

You know this "system" is consistent. You know there's money to be made in this market...you know is there...you smell it...you can taste it...and you wanna quit????? you're an addict already...too late brother/sister.....

oh wait a minute...didn't you know that trading is addictive????

Oh man!!!!

You can stay out for a couple of weeks...yes...but there's a little worm inside you buggin'...."ah, I gotta check out the guys on the thread...... " ah...oh I am sweating"......I need to know....."I gotta see the charts"...."I need to know what FX just said to that guy"......


common , face it....you can't help it....there's no turning back.....Trust me, I tried many times (since 1981)..... but when I stopped trying, my bank account began to get bigger and fatter....

Sorry for the long plane but I need it to relieve some pressure.

Now, lets patch it up and make some dough together......mucho dinero...


Good Karma....

Hi, FEB, even though i don't post a lot... i do follow the thread everyday, i've read it many times.... I have been trading since 1983, so i'm not a newbie at all, i've been making a living off trading since 2001, i don't have an job/income and my wife and I live off what i make on the market. I've been trading FOREX for 7 years now, before that STOCKS and the AUSTRALIAN SPI INDEX. Your are so right in saying some people don't want to make the effort to do the hard work first and EXPECT you or FX to GIVEN THEM ANSWERS to their problems, when you already had talked about it 20 times before. I really enjoy folowing your thread, and i do use this way of trading on a day to day basis, with pretty good results. Thank you for all your effort and patience. (sorry about my english... ) i'm FRENCH.

CHEERS
JEAN

One more thing( before I go to sleep)

Stop optimizing the "system" everytime you face a loss....The cat only have 4 legs, not five... 1-2-3-4...the fifth one is the tail....

If you lose, deal with it...accept it...stop this" ahhh I forgot the trend was up/down....who cares ???

I assure you, no.....I guarantee you that,mmm everytime you optimize this "system" you will be digging a deeper hole around you. You will be landing on the "Spaghetti land" in no time and then...pop goes the weasel...I mean... the money.

Deal with your loses...If you have a shitty day (like past Monday)..there's nothing you can do but to close the charts and go do something else.

Thanks a lot Jean....feel free to post at anytime...welcome to the thread....please feel like home here.....

thanks FEB, and have a good sleep... BONNE NUIT..

Hi Feb... yes, frustrations abound. May I suggest that the 1st post be edited to refer to this post or similar so that newbies can be redirected to READ IT FIRST and other essential posts. This will minimise frustrations and all can concentrate more on solving trading problems...

By the way I love this thread, though I haven't made any gains yet...

Best of Health to you!!

The message is really very simple, and it's free...

The basics are in the first fifty pages and the rest is in the thread. It's a simple answer that Fx comes up with - "READ THE THREAD". So what if it's getting longer by the minute? Thar's gold in them thar hills!

Nobody has a right to be spoon fed this stuff. Feb, Fx, Moneda don't owe anybody anything - they obviously don't need to be here for anyone at all. The fact that they are is a testament to the kind of people they are - they get reward from helping other people - well HALLELUJIA - how many people do you know like that in the world??? They ask that anyone who wants to play simply READS THE THREAD as it is - warts and all!

Trimming it down dumbs it down.
Nobody pays $4000 to participate.

The gifts are all IN THE THREAD. The only entry requirement is that you read it. Therefore the only instruction that has any value at all to anyone who wants to learn is "READ THE THREAD" then "READ THE THREAD AGAIN" - simple . Then get money into the market - and practice. When you lose more than you gain..."READ THE THREAD" - It's FREEEEEEE!!!! If you ask dumb questions that show you haven't read the thread or "absurbed" it (to quote the Jedi Master Fx) then you'll get told to "READ THE THREAD" or get ignored until you find the answer for yourself...guess where... IN THE THREAD . (I still ask crass questions even though I've read it three times through and still go back to look at things - I also have my office papered with posts that remind me what's important). Anyone who doesn't READ THE THREAD is excluding themselves and self-selects out, anyone who does self-selects in AND GETS TO FEEL THE LERVE - tough though it is at times...QED.

Our commander in chief has spoken.. and BOOM.. yes indeed.. its reminded to us again that there is no magic to this and nothing in trading is glamorous nor comes in clear cut script..

I tell ya.. the Father at your local church will never make a successful trader and the successful trader will never make a beloved Father at your local church.. but yet there both great people at heart.. .. it is what is whether you like i or not.. otherwise me and you better look for something else if having difficulty to cope.. just cold blooded trading in a harsh environment..
all about money and Bottomline..

now let's get to business.. new week is aproaching in a few hours.. you better be ready.. your buddy fxachilies is.. and I will make the time for the next two days to trade the asian session (3am my time) and walk people through..
this is for you Enox.. I got your back my man..

cheers to new weeks challenges and victories ahead..

At last...well said Feb

Hallelujah,

Nothing clears the mind more than a swift kiss in the ass and a reality check...thanks Feb...maybe for a while we can concentrate in sharpening our skills so we are in a position to make serious$$$ like a few here. Do I think this is the end of the bickering, bitching, crying, blood sucking, over analysis, laziness just to name a few demonstrated by a few individuals.....(ooh, ooh,... is he talking about me?..you take a honest look at yourself and there you will find your answer). NO... it will resurface again like that ugly pimple that doesn't go away. For now...we will get back to business and apply ourselves and let Feb and Fx set stage for the core teaching and the rest of us who regardless of our skill level, should find a constructive way to help others. We don't need more than the executive chef and his sous chef to run the kitchen.

I really wish all you who are trying like hell much success...let's make the market our bitch!

Enjoy your Sunday...

Now that Feb has put points over i's, totally seconding what it has been said over and over by Vips's here....

Let's focus on the really important thing.....


THANKS

What is this!? Forex Boot Camp!

This thread is more CAMP than BOOT !!

Just kiddin Captain FEB !!

PS: Discipline is a key characteristic to success. If only more people were disciplined in life in general, you'd have a lot less no-hopers and losers (some of which end up as criminals and obese zombies ). Take a look at yourself, your life. Are you disciplined? - Could you improve your life with a bit more effort? Discipline is your route to success and freedom from a lot of life's bull shit. Feb's advice and FX's arse kicking is the real deal. Now its up to you.

A swing down to start the week. Now for the pullback?....

Hey John,

Lets see what happens , my spread has finally gone from 5 -2 pips so now I can look at trades..

Hope you had a good weekend.

CHris