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The System II (Yes with irony)

  • #8,721
  • Oct 8, 2009 5:44am Oct 8, 2009 5:44am
Fxahilies, Bro!!!!!!!!!!!!!

Happy Birthday

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I and Helen wish you to be THE VERY BEST MAN IN THE WORLD!!!!!!!!!

Our present - showgirls...
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  • #8,722
  • Oct 8, 2009 6:08am Oct 8, 2009 6:08am
Quoting dim4ik42
Fxahilies, Bro!!!!!!!!!!!!!

Happy Birthday


!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I and Helen wish you to be THE VERY BEST MAN IN THE WORLD!!!!!!!!!

Our present - showgirls...

now this is what i call a Birthday wish.. lol... shhhhhh.. I got to hide this from my girlfriend.. lol

Thank you Dim and Hellen..

and Thank you to all for your Birthday wishes.. I apperciated greatly.. its close to my heart..

Thank You from bottom of my heart.. system II family rocks..
  • #8,723
  • Oct 8, 2009 6:15am Oct 8, 2009 6:15am
I like the system based on basic and ethics it has a lot to do with helping me to trade with more insite to the system of FX. Easy to follow and to understand in every way
  • #8,724
  • Oct 8, 2009 6:28am Oct 8, 2009 6:28am
Quoting fxachilies
my man dim.. You worte me a novel.. Lol.. Just kidding..
I will not be able to get back to you on this today.. As some of the guys know, today is my birthday and my girl is throwing me a big party and i am just getting geared up for that.. I might feel alert by friday's ny open.. lol.. I am into two bloody maryies already.. Lol
so today my system is on but i am not around much..
happy birthday fx

maybe the pips be with you and the girls as well!!
Survive and Preserve
  • #8,725
  • Oct 8, 2009 6:37am Oct 8, 2009 6:37am
I just performed my first BB EXIT - (taking 14755 as a lower bracket from earlier)
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,726
  • Oct 8, 2009 6:43am Oct 8, 2009 6:43am
Quoting mac1956
I just performed my first BB EXIT - (taking 14755 as a lower bracket from earlier)
Nice play Mac
Survive and Preserve
  • #8,727
  • Oct 8, 2009 6:44am Oct 8, 2009 6:44am
Guys,

As it is FX’s birthday I hope he won’t me going off thread a little to what I feel is a however a related topic. Recently I see a few heads drop cos trading has been tricky….. take the following on board

Given that we will inevitably get some days like we have been having this week, it is worth reminding ourselves, as I have done previously that even top companies go through similar issues. I mentioned the other day even the casinos in Vegas have losing days and here is some more proof from The London Times this morning of a similar case. The article is in relation to Ladbrokes who are a large UK sports bookmaker

The article talks about how due to weird results in the soccer premiership, they have been taking much lower profits than expected. Here is the passage I like


---------
“Of the first 66 Premier League matches this season only four were draws, compared with a five-year season average of 25 per cent of games being drawn, forcing Ladbrokes' operating profits down by 58 per cent, to £22.4 million from £52.8 million last year.

"We have never seen anything like this before. Our football traders have been in this business for 40 years and say it is absolutely unprecedented. It borders on one of the worst runs in any sport," Mr Bell said.

With a rise in the number of favourites winning football matches, Ladbrokes' win margins from football fell from 30 per cent last year to zero this year, while horse racing was also down. “

-------

Ok that said, what are these guys going to do, they are going to stick to their plan in the full knowledge that the odds are in their favour and that if they roll the dice day after day after day, they will in the long run come out in front.
We should do the same
Happy birthday
Survive and Preserve
  • #8,728
  • Oct 8, 2009 7:21am Oct 8, 2009 7:21am
Quoting PaulLangham
Guys,

As it is FX’s birthday I hope he won’t me going off thread a little to what I feel is a however a related topic. Recently I see a few heads drop cos trading has been tricky….. take the following on board

[font=Times New Roman][size=3]Given that we will inevitably get some days like we have been having this week, it is worth reminding ourselves, as I have done previously that even top companies go through similar issues. I mentioned the other day even...

  • #8,729
  • Oct 8, 2009 7:33am Oct 8, 2009 7:33am
Happy Birthday, FX!!!!
  • #8,730
  • Oct 8, 2009 7:37am Oct 8, 2009 7:37am
Quoting PaulLangham
Guys,

As it is FX’s birthday I hope he won’t me going off thread a little to what I feel is a however a related topic. Recently I see a few heads drop cos trading has been tricky….. take the following on board

[font=Times New Roman][size=3]Given that we will inevitably get some days like we have been having this week, it is worth reminding ourselves, as I have done previously that even top companies go through similar issues. I mentioned the other day even...
Very interesting, Paul. Thanks for that. No worries, we have little Jean Claude to spice this week's sauce.

By the way, some say that a consistent way of making money in this market is to sell EURUSD as soon as Trichet starts the press conference after the rates decission...

He is the real EUR crasher!
  • #8,731
  • Oct 8, 2009 7:51am Oct 8, 2009 7:51am
Quoting elizo
Very interesting, Paul. Thanks for that. No worries, we have little Jean Claude to spice this week's sauce.

By the way, some say that a consistent way of making money in this market is to sell EURUSD as soon as Trichet starts the press conference after the rates decission...

He is the real EUR crasher!

Is it advisable to saty out of this right now?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,732
  • Edited 9:11am Oct 8, 2009 8:05am | Edited 9:11am
Quoting mac1956
Is it advisable to saty out of this right now?
JUST KIDDING...

Please do not take my assesment as serious, I thought it was clear enough that I was just joking... It's just a typical joke about Trichet.
  • #8,733
  • Oct 8, 2009 9:13am Oct 8, 2009 9:13am
Quoting elizo
JUST KIDDING...

Please do not take my assesment as serious, I thought it was clear enough that I was just joking... It's just a typical joke about Trichet.

Don't worry - I stayed out - went to the dentist instead...that's how bad it looked!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,734
  • Oct 8, 2009 9:14am Oct 8, 2009 9:14am
Hi Everyone,

Here are my end of day trades.

Any piece of advice is welcome.


Regards.

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  • #8,735
  • Oct 8, 2009 9:17am Oct 8, 2009 9:17am
Quoting highroller
Yep sure am a kiwi there Benk..

And steiny pures are the best beer in the world...

Cheers

HR
yeah i do love a steiny pure, but havent had one since i left the country... are you trading from nz? if so, hows the internet speed for it these days?
  • #8,736
  • Edited 9:36am Oct 8, 2009 9:19am | Edited 9:36am
References :8218 (548) ,8225 ,8226 (549)
Trading the other side of the news.
My rational - price could not hold above 1.4785
Double top @ 1.4800 , 1.4785 played like a reversal
I set TP a few pips above previous low.
Not the perfect trade management according to #1 , but it's news time
and it's ..... 30 full pips .
(May look for Long above 4746)
Comments ?
regards
david4u
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  • #8,737
  • Oct 8, 2009 10:02am Oct 8, 2009 10:02am
Guys...

just thinking loud a little bit.

Where are the 20-30 pips ruptures, breakthroughs after FCRs and so on?

I know it's a matter of patience... just my 3rd week trading actively this methodology. 1st one +155, 2nd one +122 and this one... BE. But... oh dear! this is a torture!

Anyway, fishing is fishing. One of these days we won't have enough baskets to store all the fishes in.
  • #8,738
  • Oct 8, 2009 12:38pm Oct 8, 2009 12:38pm
Quoting benkm108
yeah i do love a steiny pure, but havent had one since i left the country... are you trading from nz? if so, hows the internet speed for it these days?
Yep trading from nz, internet speed ok, some areas have DSL2, but probably way behind most countries still eh!
How's the UK treatin' ya?

Cheers

HR
  • #8,739
  • Oct 8, 2009 3:16pm Oct 8, 2009 3:16pm
Hi Here are my trades

Trade 1 - Held a little too long, I have been exerimenting with these which probably the wrong thing to do. Instinctively I normally like to cut very quickly at BE or say -5 max, this one was given more space

Trade 2 - OK, split the exit as I fancied it might break the top, it didnt but I collected nicely

Stayed out the rest of the London session

Trade 3 - After the news. Took the short once it broke teh first low and exited in the normal way
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Survive and Preserve
  • #8,740
  • Oct 8, 2009 3:51pm Oct 8, 2009 3:51pm
Quoting PaulLangham
Hi Here are my trades

Trade 1 - Held a little too long, I have been exerimenting with these which probably the wrong thing to do. Instinctively I normally like to cut very quickly at BE or say -5 max, this one was given more space

Trade 2 - OK, split the exit as I fancied it might break the top, it didnt but I collected nicely

Stayed out the rest of the London session

Trade 3 - After the news. Took the short once it broke teh first low and exited in the normal way
Awesome work Paul - especially that post news retrace.
$urvive, Pre$erve & RESPECT THE TEACHER
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